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  },
  "fact-432": {
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    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
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  },
  "fact-433": {
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   "decimals": -3,
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    "concept": "ifrs-full:DividendsPaidClassifiedAsFinancingActivities",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
   }
  },
  "fact-434": {
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    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
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  "fact-435": {
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   "decimals": -3,
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    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
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  "fact-436": {
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    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
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   "decimals": -3,
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    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
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    "entity": "scheme:549300T1EREIRH8ICX03",
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    "unit": "iso4217:EUR"
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   "dimensions": {
    "concept": "ifrs-full:CashAndCashEquivalents",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2023-01-02T00:00:00",
    "unit": "iso4217:EUR"
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   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
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  "fact-441": {
   "value": "-306178000.0",
   "decimals": -3,
   "dimensions": {
    "concept": "ifrs-full:IncreaseDecreaseInCashAndCashEquivalentsBeforeEffectOfExchangeRateChanges",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:EUR"
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  "fact-442": {
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    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2025-01-01T00:00:00",
    "unit": "iso4217:EUR"
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  "fact-443": {
   "value": "169485000.0",
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   "dimensions": {
    "concept": "animaholdingspa:CashAndCashEquivalentCFReconciliationEP",
    "entity": "scheme:549300T1EREIRH8ICX03",
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  "fact-6": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 1 \u2013 Dichiarazione di conformit\u00e0 ai principi contabili internazionali<span class=\"_ _3\"></span> Il <span class=\"_ _0\"></span>Bilancio consolidato <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>Anima Holding <span class=\"_ _0\"></span>al 31 <span class=\"_ _0\"></span>dicembre 2024 <span class=\"_ _0\"></span>(\u201cBila<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cio consolidato\u201d), <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> applicazione del <span class=\"_ _d\"> </span>D<span class=\"_ _0\"></span>. <span class=\"_ _15\"> </span>Lg<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>n. <span class=\"_ _d\"> </span>38<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>28 <span class=\"_ _d\"> </span>febbraio <span class=\"_ _d\"> </span>2005,<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _15\"> </span>r<span class=\"_ _0\"></span>ed<span class=\"_ _3\"></span>atto <span class=\"_ _e\"> </span>secondo <span class=\"_ _d\"> </span>i <span class=\"_ _e\"> </span>principi <span class=\"_ _d\"> </span>contabili <span class=\"_ _d\"> </span>IFR<span class=\"_ _0\"></span>S <span class=\"_ _15\"> </span>em<span class=\"_ _0\"></span>anati<span class=\"_ _3\"></span> dall\u2019International <span class=\"_ _5\"></span>Accountin<span class=\"_ _1\"></span>g <span class=\"_ _6\"></span>Standards <span class=\"_ _5\"></span>Board <span class=\"_ _6\"></span>(IA<span class=\"_ _1\"></span>SB) <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _5\"></span>relative <span class=\"_ _5\"></span>interpretazioni <span class=\"_ _5\"></span>dell\u2019International<span class=\"_ _3\"></span> Financial <span class=\"_ _0\"></span>Rep<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtin<span class=\"_ _1\"></span>g <span class=\"_ _0\"></span>lnterpretatio<span class=\"_ _1\"></span>ns <span class=\"_ _0\"></span>Committee (IFRIC), o<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>logati dalla Commissione Euro<span class=\"_ _0\"></span>pea<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>come<span class=\"_ _1\"></span> stabilito dal Regolamento Comu<span class=\"_ _1\"></span>nitario n. 1606 del<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>19 luglio 2002. Non sono state effettuate deroghe<span class=\"_ _1\"></span> all\u2019applicazione de<span class=\"_ _1\"></span>i principi contabili IFRS<span class=\"_ _1\"></span>. L\u2019applicazione <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>IFRS <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>stata <span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>fettuata <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ace<span class=\"_ _1\"></span>ndo <span class=\"_ _b\"></span>riferimento <span class=\"_ _b\"></span>anche <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>\u201cQuadro <span class=\"_ _b\"></span>sistemati<span class=\"_ _1\"></span>co<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> preparazione <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>presentazione <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _5\"></span>b<span class=\"_ _0\"></span>ilanci<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>(c.d. <span class=\"_ _5\"></span>\u201c<span class=\"ff5\">Frame<span class=\"_ _1\"></span>work<span class=\"ff2\">\u201d)\u201d, <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>particolare <span class=\"_ _b\"></span>ri<span class=\"_ _0\"></span>guar<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>ai <span class=\"_ _b\"></span>pr<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cipi <span class=\"_ _b\"></span>di </span></span>prevalenza <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>sostanza <span class=\"_ _0\"></span>sulla <span class=\"_ _0\"></span>forma, <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>competenza, <span class=\"_ _0\"></span>nonch\u00e9 <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>concetti <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>rilevanza <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>significativit\u00e0<span class=\"_ _1\"></span> dell\u2019informazione.<span class=\"_ _1\"></span> Nella <span class=\"_ _3\"></span>predi<span class=\"_ _0\"></span>sp<span class=\"_ _3\"></span>osizione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>Bilan<span class=\"_ _1\"></span>cio <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onso<span class=\"_ _1\"></span>lidato <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>stati <span class=\"_ _3\"></span>applicati <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>pri<span class=\"_ _0\"></span>ncipi <span class=\"_ _3\"></span>contabili <span class=\"_ _3\"></span>IFRS <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>molo<span class=\"_ _1\"></span>gati <span class=\"_ _3\"></span>ed<span class=\"_ _0\"></span> applicabili ai bilanci de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li ese<span class=\"_ _1\"></span>rcizi che c<span class=\"_ _1\"></span>hiudono il 31 dicemb<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e 202<span class=\"_ _1\"></span>4. Nel <span class=\"_ _c\"> </span>seguit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  sono <span class=\"_ _c\"> </span>stat<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>riportati  i <span class=\"_ _c\"> </span>n<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ovi  principi  contabili <span class=\"_ _c\"> </span>inter<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>nali  o<span class=\"_ _0\"></span>  le <span class=\"_ _c\"> </span>mo<span class=\"_ _1\"></span>difiche <span class=\"_ _c\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>princ<span class=\"_ _1\"></span>ipi contabili gi\u00e0 in vi<span class=\"_ _1\"></span>gore, omologati <span class=\"_ _1\"></span>dall\u2019Unione Eur<span class=\"_ _1\"></span>opea e app<span class=\"_ _1\"></span>lic<span class=\"_ _0\"></span>abili a part<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>re <span class=\"_ _1\"></span>dal 1\u00b0 gennaio 2024<span class=\"_ _3\"></span>:<span class=\"_ _0\"></span>  -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff3 fs2\">Amend<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ents<span class=\"_ _1\"></span>  to<span class=\"_ _3\"></span>  IFRS <span class=\"_ _f\"> </span>16 <span class=\"_ _f\"> </span>Leases: <span class=\"_ _f\"> </span>Le<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>Liabilit<span class=\"_ _1\"></span>y <span class=\"_ _f\"> </span>i<span class=\"_ _0\"></span>n <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>Sale  a<span class=\"_ _1\"></span>nd  L<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>aseback<span class=\"_ _3\"></span>  <span class=\"ff2\">omologat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  i<span class=\"_ _3\"></span>l  20<span class=\"_ _3\"></span> </span></span></span>novembre <span class=\"_ _d\"> </span>2023 <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _e\"> </span>Regola<span class=\"_ _1\"></span>mento <span class=\"_ _d\"> </span>UE<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>n. <span class=\"_ _e\"> </span>2023/2579. <span class=\"_ _d\"> </span>Le <span class=\"_ _d\"> </span>nuove <span class=\"_ _e\"> </span>disposizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _15\"> </span>forni<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ono<span class=\"_ _1\"></span> indicazioni <span class=\"_ _f\"> </span>sulla <span class=\"_ _6\"></span>valutazione <span class=\"_ _f\"></span>su<span class=\"_ _1\"></span>cc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>pa<span class=\"_ _1\"></span>rte <span class=\"_ _6\"></span>del <span class=\"_ _f\"> </span>locatario <span class=\"_ _f\"> </span>ve<span class=\"_ _1\"></span>nditore <span class=\"_ _f\"> </span>nelle<span class=\"_ _3\"></span>  operazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _6\"></span>di vendita <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>etr<span class=\"_ _1\"></span>olocazione <span class=\"_ _5\"></span>(c.d. <span class=\"_ _5\"></span>sale <span class=\"_ _6\"></span>and <span class=\"_ _5\"></span>lease <span class=\"_ _5\"></span>bac<span class=\"_ _0\"></span>k<span class=\"_ _3\"></span>). <span class=\"_ _6\"></span>In <span class=\"_ _6\"></span>partic<span class=\"_ _1\"></span>olare, <span class=\"_ _6\"></span>prevedono<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>che <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>locatario venditore <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ba <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ilevare: <span class=\"_ _b\"></span>(i) <span class=\"_ _b\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ght <span class=\"_ _b\"></span>of <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>se<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>la <span class=\"_ _b\"></span>lease <span class=\"_ _5\"></span>liabi<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ties <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>erivante <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>leaseback, <span class=\"_ _b\"></span>come percentuale <span class=\"_ _16\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>precede<span class=\"_ _1\"></span>nte <span class=\"_ _16\"> </span>v<span class=\"_ _0\"></span>alore <span class=\"_ _16\"> </span>contabile <span class=\"_ _1f\"> </span>dell'attivit\u00e0 <span class=\"_ _1f\"> </span>che <span class=\"_ _1f\"> </span>si <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferisce <span class=\"_ _1f\"> </span>al <span class=\"_ _1f\"> </span>diritto <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>'uso<span class=\"_ _1\"></span> trattenuto <span class=\"_ _18\"> </span>e <span class=\"_ _1d\"> </span>(ii) <span class=\"_ _1d\"> </span>l<span class=\"_ _1\"></span>\u2019eventuale <span class=\"_ _18\"> </span>guadagno/perdita <span class=\"_ _17\"> </span>solo <span class=\"_ _1d\"> </span>in <span class=\"_ _18\"> </span>r<span class=\"_ _0\"></span>elazi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>alla <span class=\"_ _1d\"> </span>percent<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ale <span class=\"_ _18\"> </span>del guadagno/perdita <span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> si rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ce ai diritti trasfer<span class=\"_ _1\"></span>iti all'acquirente <span class=\"_ _1\"></span>locatario; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff3 fs2\">Amend<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ents<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>IAS <span class=\"_ _0\"></span>1 <span class=\"_ _0\"></span>Presenta<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>of <span class=\"_ _0\"></span>Financial <span class=\"_ _0\"></span>S<span class=\"_ _1\"></span>tatements <span class=\"_ _0\"></span><span class=\"ff2\">omologat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>il 19 <span class=\"_ _0\"></span>dicembre <span class=\"_ _0\"></span>2023 </span></span></span>con <span class=\"_ _c\"> </span>Rego<span class=\"_ _1\"></span>lamento <span class=\"_ _c\"> </span>U<span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>  n<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>2023/<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>822. <span class=\"_ _c\"> </span>Pi<span class=\"_ _3\"></span>\u00f9<span class=\"_ _0\"></span>  nel <span class=\"_ _c\"> </span>dett<span class=\"_ _3\"></span>agl<span class=\"_ _0\"></span>io  le <span class=\"_ _c\"> </span>nuo<span class=\"_ _1\"></span>ve <span class=\"_ _c\"> </span>disposizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni  riguardano  la corretta <span class=\"_ _5\"></span>classificazione <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>bilancio <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>elle <span class=\"_ _b\"></span>\u201cpassivit\u00e0 <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>venants\u201d, <span class=\"_ _5\"></span>tra <span class=\"_ _b\"></span>le <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _5\"></span>corr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>o non <span class=\"_ _6\"></span>correnti, <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>l\u2019<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>formativa <span class=\"_ _b\"></span>ob<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>ligatoria <span class=\"_ _5\"></span>da <span class=\"_ _6\"></span>fornire<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>sulle <span class=\"_ _5\"></span>stesse. <span class=\"_ _6\"></span>Tali <span class=\"_ _5\"></span>modifiche <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>olte <span class=\"_ _5\"></span>a migliorare <span class=\"_ _b\"></span>le <span class=\"_ _5\"></span>informazioni <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _b\"></span>un\u2019impresa <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>tenuta<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>ornire<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>amente<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>on covenants, in parti<span class=\"_ _1\"></span>col<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>re quelle non correnti<span class=\"_ _1\"></span>; conse<span class=\"_ _1\"></span>ntendo agli investito<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omprendere <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on maggiore chiarezza se tal<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ssivit\u00e0 potrebber<span class=\"_ _1\"></span>o dover essere rimb<span class=\"_ _1\"></span>orsate entro 12 mesi<span class=\"_ _1\"></span>; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff3 fs2\">Amend<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ents<span class=\"_ _1\"></span> <span class=\"_ _19\"> </span>to <span class=\"_ _e\"> </span>IAS <span class=\"_ _e\"> </span>7<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>Statement<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>of <span class=\"_ _19\"> </span>Cash <span class=\"_ _e\"> </span>Flow<span class=\"_ _1\"></span>s <span class=\"_ _19\"> </span>and <span class=\"_ _e\"> </span>IFRS <span class=\"_ _19\"> </span>7 <span class=\"_ _e\"> </span>Fi<span class=\"_ _0\"></span>nanc<span class=\"_ _3\"></span>ial <span class=\"_ _19\"> </span>Instruments: </span></span>Disclosures: <span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>pplier <span class=\"_ _b\"></span>Financ<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>rrang<span class=\"_ _1\"></span>ements<span class=\"ff2\"> <span class=\"_ _0\"></span>omologati <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>15 <span class=\"_ _b\"></span>maggio<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>2024 <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>egolame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> </span>UE <span class=\"_ _0\"></span>n. 2<span class=\"_ _0\"></span>024/1<span class=\"_ _1\"></span>317. <span class=\"_ _0\"></span>Le <span class=\"_ _0\"></span>modi<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>iche prev<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ono disclosure in<span class=\"_ _0\"></span>teg<span class=\"_ _1\"></span>rative <span class=\"_ _0\"></span>in m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ito all<span class=\"_ _0\"></span>\u2019<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>roduzione <span class=\"_ _0\"></span>di obblighi informativi sugli <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ccordi <span class=\"_ _0\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>finanz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> per l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>forniture<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>stipulati<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>da<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>un\u2019impresa (c.d. Reverse Fa<span class=\"_ _1\"></span>ctoring). <span class=\"_ _3\"></span>Nello spec<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>attraverso <span class=\"_ _3\"></span>le se<span class=\"_ _3\"></span>guen<span class=\"_ _0\"></span>ti <span class=\"_ _3\"></span>modifiche <span class=\"_ _3\"></span>vien<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> richiesto a<span class=\"_ _1\"></span>ll\u2019impresa di <span class=\"_ _6\"></span>forn<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>re <span class=\"_ _6\"></span>informazioni <span class=\"_ _6\"></span>sugli <span class=\"_ _6\"></span>accordi <span class=\"_ _6\"></span>stipulati, <span class=\"_ _6\"></span>qual<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>ter<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ini <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>condizioni <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>accordi, <span class=\"_ _6\"></span>valori contabili <span class=\"_ _6\"></span>sogg<span class=\"_ _0\"></span>etti <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>tali <span class=\"_ _f\"> </span>accordi <span class=\"_ _f\"> </span>e <span class=\"_ _6\"></span>eventuali <span class=\"_ _6\"></span>anticipi <span class=\"_ _f\"></span>e/o <span class=\"_ _6\"></span>proroghe <span class=\"_ _f\"> </span>nei <span class=\"_ _6\"></span>termini <span class=\"_ _6\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>pagamento. L\u2019informativa <span class=\"_ _b\"></span>consenti<span class=\"_ _1\"></span>r\u00e0 <span class=\"_ _b\"></span>agli <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>il<span class=\"_ _0\"></span>izza<span class=\"_ _1\"></span>tori <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>bilancio <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>valutare <span class=\"_ _0\"></span>gl<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>effetti <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>tali <span class=\"_ _b\"></span>accordi <span class=\"_ _b\"></span>sull<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> passivit\u00e0 <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>sui <span class=\"_ _c\"> </span>fl<span class=\"_ _1\"></span>ussi <span class=\"_ _c\"> </span>finanziari <span class=\"_ _c\"> </span>dell'entit\u00e0 <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ll'e<span class=\"_ _3\"></span>sposizione <span class=\"_ _c\"> </span>dell'entit\u00e0 <span class=\"_ _c\"> </span>stessa <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>r<span class=\"_ _1\"></span>ischio <span class=\"_ _c\"> </span>di liquidit\u00e0.  Si evidenzia che l\u2019adozi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne di tal<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> m<span class=\"_ _1\"></span>odifiche non ha <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>ortato effetti sul B<span class=\"_ _1\"></span>ilancio consolidato.<span class=\"_ _1\"></span> Principi  contabil<span class=\"_ _1\"></span>i  i<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>ernaziona<span class=\"_ _1\"></span>li<span class=\"_ _0\"></span>  o<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ologa<span class=\"_ _1\"></span>ti  al  31  dicembre  20<span class=\"_ _1\"></span>24  m<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>con  e<span class=\"_ _0\"></span>nt<span class=\"_ _3\"></span>rat<span class=\"_ _0\"></span>a  in  v<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>gore  negl<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> esercizi successiv<span class=\"_ _3\"></span>i <table class=\"s w26b h34d\" id=\"_6c1bc907-8742-493d-8059-4defce684270\"><tr><td class=\"t me x2ed h4b y1777 ff3 fs1e fc1 sc0 ls0 ws0\">Re<span class=\"_ _0\"></span>go<span class=\"_ _1\"></span>lam<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>nto </td><td class=\"t me x335 h4b y1778 ff3 fs1e fc1 sc0 ls0 ws0\">Titolo</td><td class=\"t me x336 h4b y1777 ff3 fs1e fc1 sc0 ls0 ws0\">Da<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>ntr<span class=\"_ _3\"></span>ata <span class=\"_ _1\"></span>in </td></tr><tr><td class=\"t me x2ed h4b y1779 ff3 fs1e fc1 sc0 ls0 ws0\">omo<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>og<span class=\"_ _3\"></span>azio<span class=\"_ _1\"></span>ne</td><td></td><td class=\"t me x336 h4b y1779 ff3 fs1e fc1 sc0 ls0 ws0\">vi<span class=\"_ _0\"></span>g<span class=\"_ _3\"></span>ore</td></tr><tr><td class=\"c n x337 y177b w26c h34e\"><div class=\"t me x17f h4c y177a ff2 fs1e fc1 sc0 ls0 ws0\">28<span class=\"_ _3\"></span>6<span class=\"_ _1\"></span>2/20<span class=\"_ _3\"></span>24</div></td><td class=\"c n x338 y177b w26d h34e\"><div class=\"t me x17f h4c y177a ff2 fs1e fc1 sc0 ls0 ws0\">Amendmen<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>s to IAS 2<span class=\"_ _3\"></span>1 <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>Effe<span class=\"_ _3\"></span>cts of <span class=\"_ _1\"></span>Cha<span class=\"_ _3\"></span>nges in <span class=\"_ _1\"></span>Foreg<span class=\"_ _3\"></span>n E<span class=\"_ _3\"></span>xchange<span class=\"_ _3\"></span> Rates:</div></td><td class=\"t me x339 h4c y177c ff2 fs1e fc1 sc0 ls0 ws0\">0<span class=\"_ _3\"></span>1/01/2<span class=\"_ _3\"></span>025</td></tr><tr><td></td><td class=\"t me x335 h4c y177d ff2 fs1e fc1 sc0 ls0 ws0\">L<span class=\"_ _1\"></span>ack<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>of E<span class=\"_ _3\"></span>xchan<span class=\"_ _3\"></span>geabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y</td><td></td></tr></table>Principi contabil<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> interna<span class=\"_ _1\"></span>zionali non ancora o<span class=\"_ _3\"></span>mol<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>gati<span class=\"_ _0\"></span> a<span class=\"_ _1\"></span>l 31 dicembre <span class=\"_ _1\"></span>2024 <table class=\"s w26e h34f\" id=\"_082db975-cc6d-46a3-a2a2-5995da8a08b9\"><tr><td class=\"c n x1a9 y177f w26f h33b\"><div class=\"t mf x17f h4d y177e ff3 fs1f fc1 sc0 ls0 ws0\">Ti<span class=\"_ _0\"></span>polo<span class=\"_ _3\"></span>gia</div></td><td class=\"c n x33a y177f w270 h33b\"><div class=\"t mf x17f h4d y177e ff3 fs1f fc1 sc0 ls0 ws0\">Pr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ncipio/Interpr<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>taz<span class=\"_ _3\"></span>ione</div></td><td class=\"t mf x336 h4d y1780 ff3 fs1f fc1 sc0 ls0 ws0\">D<span class=\"_ _1\"></span>ata <span class=\"_ _3\"></span>di </td></tr><tr><td></td><td></td><td class=\"t mf x336 h4d y1781 ff3 fs1f fc1 sc0 ls0 ws0\">pubb<span class=\"_ _3\"></span>li<span class=\"_ _0\"></span>caz<span class=\"_ _1\"></span>ione</td></tr><tr><td class=\"c n x1a9 y1783 w271 h33b\"><div class=\"t mf x17f h4e y1782 ff2 fs1f fc1 sc0 ls0 ws0\">N<span class=\"_ _0\"></span>uov<span class=\"_ _1\"></span>o principio</div></td><td class=\"c n x33b y1783 w272 h33b\"><div class=\"t mf x17f h4e y1782 ff2 fs1f fc1 sc0 ls0 ws0\">IFRS<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>19 <span class=\"_ _3\"></span>S<span class=\"_ _0\"></span>ubsi<span class=\"_ _0\"></span>diaries <span class=\"_ _1\"></span>wit<span class=\"_ _0\"></span>hout Public A<span class=\"_ _3\"></span>cc<span class=\"_ _1\"></span>ount<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>bi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y: Dis<span class=\"_ _0\"></span>closures</div></td><td class=\"c n x33c y1783 w273 h33b\"><div class=\"t mf x17f h4e y1782 ff2 fs1f fc1 sc0 ls0 ws0\">0<span class=\"_ _3\"></span>9/<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>5/20<span class=\"_ _1\"></span>24</div></td></tr><tr><td class=\"c n x1a9 y1784 w271 h33b\"><div class=\"t mf x17f h4e y1782 ff2 fs1f fc1 sc0 ls0 ws0\">N<span class=\"_ _0\"></span>uov<span class=\"_ _1\"></span>o principio</div></td><td class=\"c n x33b y1784 w274 h33b\"><div class=\"t mf x17f h4e y1782 ff2 fs1f fc1 sc0 ls0 ws0\">IFRS<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>18 <span class=\"_ _3\"></span>Prese<span class=\"_ _1\"></span>ntat<span class=\"_ _0\"></span>ion <span class=\"_ _1\"></span>and <span class=\"_ _1\"></span>Di<span class=\"_ _0\"></span>sclosure in <span class=\"_ _3\"></span>Financial<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>S<span class=\"_ _0\"></span>tatements</div></td><td class=\"c n x33d y1784 w275 h33b\"><div class=\"t mf x17f h4e y1782 ff2 fs1f fc1 sc0 ls0 ws0\">0<span class=\"_ _3\"></span>9/04/2<span class=\"_ _3\"></span>024</div></td></tr><tr><td class=\"t mf x2ed h4e y1785 ff2 fs1f fc1 sc0 ls0 ws0\">M<span class=\"_ _0\"></span>odifica</td><td class=\"t mf x335 h4e y1786 ff2 fs1f fc1 sc0 ls0 ws0\">Con<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>rac<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>s Refe<span class=\"_ _3\"></span>renc<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ng <span class=\"_ _3\"></span>N<span class=\"_ _0\"></span>ature<span class=\"_ _1\"></span>-de<span class=\"_ _3\"></span>pende<span class=\"_ _1\"></span>nt<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Electr<span class=\"_ _1\"></span>icit<span class=\"_ _0\"></span>y <span class=\"_ _3\"></span>\u2013 A<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ndments to </td><td class=\"t mf x339 h4e y1785 ff2 fs1f fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>8/12/2<span class=\"_ _3\"></span>024</td></tr><tr><td></td><td class=\"t mf x335 h4e y1787 ff2 fs1f fc1 sc0 ls0 ws0\">IFRS<span class=\"_ _0\"></span> 9<span class=\"_ _3\"></span> and <span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 7</td><td></td></tr><tr><td class=\"t mf x2ed h4e y1788 ff2 fs1f fc1 sc0 ls0 ws0\">M<span class=\"_ _0\"></span>odifica</td><td class=\"t mf x335 h4e y1789 ff2 fs1f fc1 sc0 ls0 ws0\">Ame<span class=\"_ _1\"></span>ndmen<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span> the C<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ication an<span class=\"_ _1\"></span>d Measure<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>of<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Finan<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>al </td><td class=\"t mf x339 h4e y1788 ff2 fs1f fc1 sc0 ls0 ws0\">3<span class=\"_ _3\"></span>0/05/2<span class=\"_ _3\"></span>024</td></tr><tr><td></td><td class=\"t mf x335 h4e y178a ff2 fs1f fc1 sc0 ls0 ws0\">Ins<span class=\"_ _0\"></span>truments <span class=\"_ _3\"></span>(Amendment <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>and <span class=\"_ _1\"></span>IFR<span class=\"_ _0\"></span>S 7<span class=\"_ _3\"></span>)</td><td></td></tr></table>Non <span class=\"_ _6\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>preve<span class=\"_ _1\"></span>dono <span class=\"_ _6\"></span>impatti <span class=\"_ _f\"> </span>r<span class=\"_ _1\"></span>ilevanti <span class=\"_ _6\"></span>dall\u2019introduzi<span class=\"_ _1\"></span>one <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>odif<span class=\"_ _1\"></span>iche <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>principi <span class=\"_ _6\"></span>elencati <span class=\"_ _6\"></span>e, <span class=\"_ _6\"></span>come sopra <span class=\"_ _5\"></span>evidenziat<span class=\"_ _1\"></span>o, <span class=\"_ _5\"></span>tali <span class=\"_ _b\"></span>pr<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cipi <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>modifiche <span class=\"_ _b\"></span>non <span class=\"_ _b\"></span>ri<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>evano <span class=\"_ _5\"></span>ai <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ni <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>edazione <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>presente <span class=\"_ _b\"></span>Bilancio consolidato, <span class=\"_ _f\"> </span>posto<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>la  loro  app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cazione  \u00e8 <span class=\"_ _f\"> </span>subordinata <span class=\"_ _f\"> </span>all\u2019omologazione <span class=\"_ _f\"> </span>mediante  em<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ssi<span class=\"_ _1\"></span>one  di appositi Regolamenti <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omu<span class=\"_ _1\"></span>nitari da parte della C<span class=\"_ _1\"></span>ommissio<span class=\"_ _1\"></span>ne Europea. Regolamento ESEF La <span class=\"_ _f\"> </span>Direttiva <span class=\"_ _f\"> </span>2013/50/UE<span class=\"_ _1\"></span>, <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>ha <span class=\"_ _f\"> </span>modificato <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>Direttiva <span class=\"_ _f\"> </span>200<span class=\"_ _1\"></span>4/109/CE <span class=\"_ _f\"> </span>(<span class=\"ff5\">Transparency <span class=\"_ _f\"></span>Directi<span class=\"_ _3\"></span>ve<span class=\"ff2\">), <span class=\"_ _f\"> </span>ha </span></span>stabilito <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>tutte <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>Relazi<span class=\"_ _1\"></span>oni <span class=\"_ _0\"></span>Fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziar<span class=\"_ _0\"></span>ie<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Annuali degl<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Emittenti, <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>cui v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>ri <span class=\"_ _0\"></span>mobiliari <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>ammess<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> alla <span class=\"_ _1\"></span>negoziazione i<span class=\"_ _3\"></span>n un <span class=\"_ _3\"></span>mercato <span class=\"_ _1\"></span>regolamentato, <span class=\"_ _3\"></span>devono essere<span class=\"_ _1\"></span> re<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>e in <span class=\"_ _3\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>formato <span class=\"_ _3\"></span>el<span class=\"_ _0\"></span>ettr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nic<span class=\"_ _1\"></span>o uni<span class=\"_ _1\"></span>co di <span class=\"_ _15\"> </span>comunicazione. <span class=\"_ _1f\"> </span>La <span class=\"_ _15\"> </span>Commissi<span class=\"_ _1\"></span>one <span class=\"_ _15\"> </span>Europea <span class=\"_ _1f\"> </span>ha <span class=\"_ _15\"> </span>recepito <span class=\"_ _1f\"> </span>tali <span class=\"_ _15\"> </span>regole <span class=\"_ _15\"> </span>nel <span class=\"_ _1f\"> </span>Regol<span class=\"_ _0\"></span>ame<span class=\"_ _3\"></span>nto<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>Delegato 2019/815 <span class=\"_ _0\"></span>(<span class=\"ff5\">European Single <span class=\"_ _0\"></span>El<span class=\"_ _0\"></span>ectroni<span class=\"_ _1\"></span>c <span class=\"_ _0\"></span>Format \u2013 <span class=\"_ _b\"></span>\u201c<span class=\"ff2\">Regolament<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span><span class=\"ff5\">ESEF\u201d</span>). <span class=\"_ _0\"></span>Ci\u00f2 <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>fine d<span class=\"_ _0\"></span>i r<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>dere <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>lazioni </span></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>annuali <span class=\"_ _19\"> </span>leggibili <span class=\"_ _d\"> </span>si<span class=\"_ _0\"></span>a <span class=\"_ _d\"> </span>d<span class=\"_ _0\"></span>a <span class=\"_ _e\"> </span>utenti <span class=\"_ _e\"> </span>umani <span class=\"_ _e\"> </span>che <span class=\"_ _e\"> </span>da <span class=\"_ _19\"> </span>dispositivi <span class=\"_ _e\"> </span>automatici <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>migliorare <span class=\"_ _e\"> </span>la com<span class=\"_ _0\"></span>pa<span class=\"_ _3\"></span>rabili<span class=\"_ _0\"></span>t\u00e0 e <span class=\"_ _3\"></span>l\u2019an<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>isi<span class=\"_ _0\"></span> de<span class=\"_ _1\"></span>lle informazioni <span class=\"_ _1\"></span>incluse nelle relazi<span class=\"_ _1\"></span>oni finanziarie a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>nuali. Il <span class=\"_ _b\"></span>Regolamento <span class=\"_ _b\"></span>ESEF <span class=\"_ _b\"></span>ha <span class=\"_ _b\"></span>previsto <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>emitte<span class=\"_ _1\"></span>nti <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _b\"></span>redigono <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ilanci<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>consolidato <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>conformit\u00e0 agli <span class=\"_ _6\"></span>IFRS <span class=\"_ _5\"></span>devono <span class=\"_ _5\"></span>red<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ere <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>pubblicare <span class=\"_ _b\"></span>la <span class=\"_ _6\"></span>loro <span class=\"_ _6\"></span>relazione <span class=\"_ _5\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziar<span class=\"_ _0\"></span>ia <span class=\"_ _5\"></span>ann<span class=\"_ _1\"></span>uale <span class=\"_ _6\"></span>nel <span class=\"_ _5\"></span>formato <span class=\"_ _6\"></span>eXtensible<span class=\"_ _1\"></span> Hypertext M<span class=\"_ _1\"></span>arkup <span class=\"_ _3\"></span>L<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nguag<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> (\u201cXHTML<span class=\"_ _1\"></span>\u201d), <span class=\"_ _1\"></span>utilizzando <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> li<span class=\"_ _3\"></span>ngu<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>gio I<span class=\"_ _3\"></span>nl<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>xtensi<span class=\"_ _1\"></span>ble <span class=\"_ _3\"></span>B<span class=\"_ _0\"></span>usiness<span class=\"_ _3\"></span> Reporti<span class=\"_ _1\"></span>ng Language <span class=\"_ _1f\"> </span>(\u201ci<span class=\"_ _1\"></span>XBRL\u201d) <span class=\"_ _16\"> </span>per <span class=\"_ _1f\"> </span>la <span class=\"_ _1f\"> </span>marcatura <span class=\"_ _16\"> </span>(i) <span class=\"_ _16\"> </span>dei <span class=\"_ _1f\"> </span>Prospe<span class=\"_ _1\"></span>tti <span class=\"_ _16\"> </span>C<span class=\"_ _0\"></span>ontabili <span class=\"_ _16\"> </span>Consolidati <span class=\"_ _16\"> </span>(Stato <span class=\"_ _16\"> </span>Patrimoniale<span class=\"_ _1\"></span> consolidato, <span class=\"_ _16\"> </span>Conto <span class=\"_ _16\"> </span>Economico <span class=\"_ _16\"> </span>consolidato, <span class=\"_ _16\"> </span>Prospett<span class=\"_ _1\"></span>o <span class=\"_ _1f\"> </span>della <span class=\"_ _1f\"> </span>Redditivit\u00e0 <span class=\"_ _16\"> </span>consolidata <span class=\"_ _16\"> </span>complessiva,<span class=\"_ _1\"></span> Prospetto de<span class=\"_ _1\"></span>lle variaz<span class=\"_ _1\"></span>ioni del <span class=\"_ _1\"></span>Patrimonio <span class=\"_ _3\"></span>Netto consolidato, <span class=\"_ _1\"></span>Rendiconto Fi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anzia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>consolidato) e <span class=\"_ _3\"></span>(ii<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> delle informazioni <span class=\"_ _1\"></span>contenute nella N<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ta inte<span class=\"_ _1\"></span>grativa conso<span class=\"_ _1\"></span>lidata. In <span class=\"_ _c\"> </span>data <span class=\"_ _c\"> </span>29<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>novemb<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>2021 <span class=\"_ _c\"> </span>\u00e8 <span class=\"_ _c\"> </span>stato <span class=\"_ _c\"> </span>pubblicato <span class=\"_ _c\"> </span>il <span class=\"_ _c\"> </span>Regolament<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>D<span class=\"_ _0\"></span>ele<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ato <span class=\"_ _c\"> </span>(UE) <span class=\"_ _c\"> </span>2022/352<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>che <span class=\"_ _c\"> </span>ha modificato <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>R<span class=\"_ _0\"></span>eg<span class=\"_ _1\"></span>olamento <span class=\"_ _6\"></span>ESEF <span class=\"_ _5\"></span>con <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferimento <span class=\"_ _5\"></span>all'aggiornament<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>2021 <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>tassonomia <span class=\"_ _5\"></span>stabilita nelle <span class=\"_ _c\"> </span>norme <span class=\"_ _c\"> </span>tecniche <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>regola<span class=\"_ _1\"></span>mentazione <span class=\"_ _c\"> </span>(\u201cRe<span class=\"_ _1\"></span>gulatory <span class=\"_ _c\"> </span>techni<span class=\"_ _1\"></span>cal <span class=\"_ _c\"> </span>stand<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ds<span class=\"_ _1\"></span>\u201d <span class=\"_ _c\"> </span>o<span class=\"_ _0\"></span>  \u201cR<span class=\"_ _0\"></span>TS\u201d)  r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>al formato <span class=\"_ _5\"></span>elettr<span class=\"_ _1\"></span>onico <span class=\"_ _5\"></span>unico <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>omu<span class=\"_ _1\"></span>nicazione <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>h<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>fornito <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>lte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iori <span class=\"_ _b\"></span>orientamenti <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>marcatura <span class=\"_ _b\"></span>dei bilanci IFRS.  In <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>21 <span class=\"_ _0\"></span>settembre <span class=\"_ _0\"></span>2022 <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stato <span class=\"_ _0\"></span>pubblicato <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>Regolamento <span class=\"_ _0\"></span>Delegato <span class=\"_ _0\"></span>(UE) <span class=\"_ _0\"></span>2022/<span class=\"_ _1\"></span>2553, <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>ha <span class=\"_ _0\"></span>reso noti gli a<span class=\"_ _1\"></span>ggiornamenti 2<span class=\"_ _3\"></span>022 della ta<span class=\"_ _1\"></span>ssonomia <span class=\"_ _3\"></span>IFR<span class=\"_ _0\"></span>S <span class=\"_ _3\"></span>e ha <span class=\"_ _1\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>nito ulterio<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i o<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ienta<span class=\"_ _1\"></span>menti per <span class=\"_ _1\"></span>la mar<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>atu<span class=\"_ _1\"></span>ra dei <span class=\"_ _6\"></span>bilanci. <span class=\"_ _6\"></span>La <span class=\"_ _5\"></span>tassonomia <span class=\"_ _6\"></span>2022 <span class=\"_ _5\"></span>deve <span class=\"_ _6\"></span>essere <span class=\"_ _5\"></span>applicata <span class=\"_ _5\"></span>alle <span class=\"_ _6\"></span>relazioni <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>ina<span class=\"_ _1\"></span>nziarie <span class=\"_ _6\"></span>annuali <span class=\"_ _5\"></span>contenenti <span class=\"_ _5\"></span>i bilanci degli ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizi avent<span class=\"_ _1\"></span>i inizio il 1\u00b0 ge<span class=\"_ _1\"></span>nnaio 2023<span class=\"_ _1\"></span>.   Nel corso dell\u2019eser<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>izi<span class=\"_ _1\"></span>o 2024 sono infine sta<span class=\"_ _1\"></span>ti pubblicati: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _6\"></span>26<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>settembre <span class=\"_ _f\"> </span>il <span class=\"_ _6\"></span>Regolamento <span class=\"_ _f\"> </span>De<span class=\"_ _1\"></span>legato <span class=\"_ _f\"> </span>(UE) <span class=\"_ _6\"></span>2025/19, <span class=\"_ _6\"></span>che <span class=\"_ _f\"> </span>ha <span class=\"_ _f\"> </span>reso <span class=\"_ _f\"></span>n<span class=\"_ _1\"></span>oti <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>aggi<span class=\"_ _1\"></span>ornamenti </span></span>rilasciati <span class=\"_ _6\"></span>rispettivame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>nei <span class=\"_ _5\"></span>m<span class=\"_ _0\"></span>esi <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>marzo<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>2023 <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>mar<span class=\"_ _0\"></span>zo <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>024 <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>tassonomia <span class=\"_ _5\"></span>IFR<span class=\"_ _0\"></span>S <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>ha modificato le spe<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ific<span class=\"_ _1\"></span>he del do<span class=\"_ _1\"></span>cumento I<span class=\"_ _1\"></span>nline XBRL<span class=\"_ _1\"></span> che gli emittent<span class=\"_ _3\"></span>i d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ono<span class=\"_ _1\"></span> trasmettere. Ta<span class=\"_ _1\"></span>le nuova <span class=\"_ _b\"></span>tassonomia <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>eve <span class=\"_ _b\"></span>esse<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>app<span class=\"_ _1\"></span>licata <span class=\"_ _b\"></span>alle <span class=\"_ _b\"></span>relazioni <span class=\"_ _b\"></span>finanziarie <span class=\"_ _b\"></span>ann<span class=\"_ _1\"></span>uali <span class=\"_ _b\"></span>con<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>nen<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>bilanci degli esercizi a<span class=\"_ _1\"></span>venti inizio il 1\u00b0 ge<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>naio 2<span class=\"_ _1\"></span>025; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">il 24 ottobre la <span class=\"_ _0\"></span>dichiarazione annuale \u201c<span class=\"ff5\">European common enforcement priorities for 2024 <span class=\"_ _0\"></span>ann<span class=\"_ _1\"></span>ual </span></span></span>financial <span class=\"_ _3\"></span>reports<span class=\"ff2\">\u201d dell\u2019ESMA<span class=\"_ _1\"></span> i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>cui <span class=\"_ _3\"></span>si richiama <span class=\"_ _3\"></span>l\u2019attenz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>degli e<span class=\"_ _3\"></span>mittenti su<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li e<span class=\"_ _3\"></span>rrori pi<span class=\"_ _3\"></span>\u00f9<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>comuni </span>riscontrati <span class=\"_ _f\"> </span>nei  prospett<span class=\"_ _1\"></span>i  d<span class=\"_ _1\"></span>i  stato <span class=\"_ _f\"> </span>patrimoniale <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>ESEF <span class=\"_ _f\"> </span>depositati <span class=\"_ _f\"> </span>(i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>  p<span class=\"_ _1\"></span>articolare <span class=\"_ _f\"> </span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> termini di c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rrettez<span class=\"_ _1\"></span>za <span class=\"_ _1\"></span>della taggatura, <span class=\"_ _3\"></span>creazioni delle <span class=\"_ _3\"></span>estensioni,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>coer<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>e completezza <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella<span class=\"_ _3\"></span> taggatura, correttezza<span class=\"_ _1\"></span> dei segni e de<span class=\"_ _1\"></span>lle scale e coe<span class=\"_ _1\"></span>renza dei calcoli<span class=\"_ _1\"></span>). Alla luc<span class=\"_ _0\"></span>e d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> quanto s<span class=\"_ _1\"></span>opra, la Societ\u00e0 ha predisposto il Bilancio consol<span class=\"_ _1\"></span>idato chiuso al 31 dicembre 2024 applicando la <span class=\"_ _0\"></span>tassonomia <span class=\"_ _0\"></span>prevista<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dal R<span class=\"_ _0\"></span>egolame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to D<span class=\"_ _0\"></span>ele<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ato (<span class=\"_ _0\"></span>U<span class=\"_ _1\"></span>E) <span class=\"_ _0\"></span>2022/2553 per <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>marcat<span class=\"_ _1\"></span>ur<span class=\"_ _0\"></span>a dello stesso. ",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-472": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs12\">Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 2 \u2013 Principi generali di redazi<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs13\">Il <span class=\"_ _e\"> </span>Bilancio <span class=\"_ _d\"> </span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lidato<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _e\"> </span>costi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>da<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>lo <span class=\"_ _d\"> </span>stato <span class=\"_ _e\"> </span>patrimoniale <span class=\"_ _d\"> </span>consolidato, <span class=\"_ _d\"> </span>d<span class=\"_ _0\"></span>al <span class=\"_ _15\"> </span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onomico<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs14\">consolidato, <span class=\"_ _d\"> </span>dal <span class=\"_ _d\"> </span>prospett<span class=\"_ _1\"></span>o <span class=\"_ _e\"> </span>della <span class=\"_ _15\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ditivit\u00e0 <span class=\"_ _15\"> </span>consolidata <span class=\"_ _15\"> </span>complessiva, <span class=\"_ _d\"> </span>dal <span class=\"_ _d\"> </span>rendiconto <span class=\"_ _d\"> </span>finanziario </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs15\">consolidato  (p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>edisp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sto <span class=\"_ _f\"> </span>co<span class=\"_ _0\"></span>l <span class=\"_ _f\"> </span>metodo  in<span class=\"_ _1\"></span>diretto), <span class=\"_ _f\"> </span>dal  p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ospetto  delle <span class=\"_ _f\"> </span>variazioni <span class=\"_ _f\"> </span>di  patrimonio  nett<span class=\"_ _3\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs16\">consolidato, d<span class=\"_ _0\"></span>alla nota integrativa <span class=\"_ _0\"></span>consol<span class=\"_ _1\"></span>idata e <span class=\"_ _0\"></span>corr<span class=\"_ _0\"></span>edat<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>dalla <span class=\"_ _0\"></span> R<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e su<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>la g<span class=\"_ _0\"></span>esti<span class=\"_ _1\"></span>one c<span class=\"_ _0\"></span>ons<span class=\"_ _1\"></span>olidata </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs17\">ed  \u00e8  stato  predisposto  sulla  base  delle  ist<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>uzioni  \u201cIl  bilancio  degli  Inte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>mediari  IF<span class=\"_ _1\"></span>RS  diversi  dagli </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs18\">Intermediari <span class=\"_ _1f\"> </span>banc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>\u201d <span class=\"_ _1f\"> </span>(le <span class=\"_ _15\"> </span>\u201cIstruzio<span class=\"_ _1\"></span>ni <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>redazion<span class=\"_ _1\"></span>e\u201d), <span class=\"_ _15\"> </span>utilizzando <span class=\"_ _1f\"> </span>gli<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>schemi <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>bilancio <span class=\"_ _1f\"> </span>e <span class=\"_ _15\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>nota </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs19\">integrativa del<span class=\"_ _1\"></span>le Soc<span class=\"_ _1\"></span>iet\u00e0 di <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne de<span class=\"_ _3\"></span>l Risparmio, <span class=\"_ _3\"></span> emanate <span class=\"_ _1\"></span>da Banca <span class=\"_ _1\"></span>d\u2019Italia, <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019esercizio dei <span class=\"_ _3\"></span>po<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>ri </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1a\">stabiliti dall\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rt.<span class=\"_ _0\"></span> 43 <span class=\"_ _0\"></span>del D. Lgs. <span class=\"_ _0\"></span>n. <span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>36/2015, con <span class=\"_ _0\"></span>il Provvedime<span class=\"_ _1\"></span>nto d<span class=\"_ _0\"></span>el 17 <span class=\"_ _0\"></span>novembre 2022 <span class=\"_ _0\"></span>e successive </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1b\">integrazioni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1c\">Si  richiamano <span class=\"_ _f\"> </span>inoltr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>  i  documenti<span class=\"_ _1\"></span>  di  tipo  i<span class=\"_ _1\"></span>nterpretativo  e <span class=\"_ _f\"> </span>di  supporto  all\u2019app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazi<span class=\"_ _1\"></span>one  dei  pr<span class=\"_ _1\"></span>incipi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1d\">contabili <span class=\"_ _b\"></span>em<span class=\"_ _0\"></span>anati <span class=\"_ _b\"></span>dagli <span class=\"_ _5\"></span>organismi <span class=\"_ _b\"></span>regolamentari <span class=\"_ _b\"></span>internazionali <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>igilanza <span class=\"_ _b\"></span>italiani <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>agli <span class=\"_ _b\"></span><span class=\"ff5\">s<span class=\"_ _0\"></span>tanda<span class=\"_ _1\"></span>rd </span></div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs1e\">setter<span class=\"ff2\"> <span class=\"_ _0\"></span>di cui <span class=\"_ _0\"></span>si \u00e8 ten<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>o conto<span class=\"_ _0\"></span> anche n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a redazione del presente <span class=\"_ _0\"></span>Bila<span class=\"_ _1\"></span>ncio, <span class=\"_ _0\"></span>ladd<span class=\"_ _1\"></span>ove applicabili; <span class=\"_ _0\"></span>tra i <span class=\"_ _0\"></span>pi\u00f9 </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1f\">significativi per il <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>rupp<span class=\"_ _1\"></span>o si segnalano:<span class=\"_ _1\"></span> </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs20\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Pubblic Statement del 2<span class=\"_ _0\"></span>4 ottobre 2024 del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>ESMA<span class=\"_ _1\"></span> \u201cEuro<span class=\"_ _0\"></span>pea<span class=\"_ _1\"></span>n common enforcement priori<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ies f<span class=\"_ _0\"></span>or </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs21\">2024 <span class=\"_ _6\"></span>corpor<span class=\"_ _0\"></span>ate <span class=\"_ _5\"></span>reporting\u201d <span class=\"_ _6\"></span>(ripreso <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>CO<span class=\"_ _3\"></span>NSOB <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _5\"></span>R<span class=\"_ _0\"></span>ichiam<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>attenzi<span class=\"_ _1\"></span>one <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>/2<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>20 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs22\">dicembre 2024). I<span class=\"_ _1\"></span>n particolare, \u00e8 <span class=\"_ _1\"></span>richiesta particola<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e atte<span class=\"_ _1\"></span>nzione sui segue<span class=\"_ _1\"></span>nti temi: </div><div class=\"t m1 h7 ffa fs5 fc1 sc0 ls0 ws0 gs23\">o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">per <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>bilanci <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>datti <span class=\"_ _5\"></span>secondo <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>principi <span class=\"_ _5\"></span>contabili <span class=\"_ _5\"></span>IFRS <span class=\"_ _b\"></span>sull<span class=\"_ _0\"></span>\u2019a<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eg<span class=\"_ _1\"></span>uatezza <span class=\"_ _b\"></span>delle <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>nfo<span class=\"_ _1\"></span>rmazioni </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs24\">fornite <span class=\"_ _1\"></span>con <span class=\"_ _3\"></span>rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mento a<span class=\"_ _1\"></span>lla <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> de<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>liquidit\u00e0 <span class=\"_ _3\"></span>ed <span class=\"_ _1\"></span>ai <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>chi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>associati, <span class=\"_ _3\"></span>oltre alla<span class=\"_ _3\"></span> chiarezza </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs25\">e <span class=\"_ _b\"></span>tr<span class=\"_ _0\"></span>aspa<span class=\"_ _1\"></span>renza <span class=\"_ _b\"></span>nelle <span class=\"_ _5\"></span>politiche <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ontabili <span class=\"_ _b\"></span>adottate, <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>particolare <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>riferimento <span class=\"_ _5\"></span>alle <span class=\"_ _b\"></span>poste </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs26\">valutative che comp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtano <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>iudizi e stime s<span class=\"_ _3\"></span>ignific<span class=\"_ _0\"></span>at<span class=\"_ _3\"></span>iv<span class=\"_ _0\"></span>e i<span class=\"_ _1\"></span>n bilancio; </div><div class=\"t m1 h7 ffa fs5 fc1 sc0 ls0 ws0 gs27\">o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">con  riferiment<span class=\"_ _1\"></span>o  ai <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>epo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ting <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>sostenibilit\u00e0 <span class=\"_ _f\"> </span>red<span class=\"_ _0\"></span>at<span class=\"_ _3\"></span>ti  secondo <span class=\"_ _f\"> </span>i  nuovi  p<span class=\"_ _1\"></span>rincipi  Europea<span class=\"_ _1\"></span>n </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs28\">Sustainability <span class=\"_ _b\"></span>Reporting <span class=\"_ _5\"></span>Standards <span class=\"_ _b\"></span>(ESRS), <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ichiesta<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>attenzio<span class=\"_ _0\"></span>ne <span class=\"_ _b\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>iferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>(i<span class=\"_ _0\"></span>) <span class=\"_ _b\"></span>alla </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs29\">corretta applicazione degli stessi e in particolare alla<span class=\"_ _1\"></span> valutazion<span class=\"_ _0\"></span>e de<span class=\"_ _1\"></span>lla do<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>ia materialit\u00e0, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2a\">(ii) <span class=\"_ _e\"> </span>al<span class=\"_ _1\"></span>la <span class=\"_ _d\"> </span>conformit\u00e0 <span class=\"_ _d\"> </span>all\u2019articolo <span class=\"_ _15\"> </span>8<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>del <span class=\"_ _e\"> </span>Reg<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lamento <span class=\"_ _d\"> </span>Tassonomia, <span class=\"_ _15\"> </span>oltre <span class=\"_ _d\"> </span>(iii) <span class=\"_ _e\"> </span>a <span class=\"_ _15\"> </span>ribadire </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2b\">nuovamente <span class=\"_ _1\"></span>l\u2019importanza <span class=\"_ _3\"></span>della <span class=\"_ _1\"></span>coerenza <span class=\"_ _3\"></span>e della <span class=\"_ _3\"></span>connessi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne t<span class=\"_ _3\"></span>ra le <span class=\"_ _3\"></span>informazioni <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ai </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2c\">rischi <span class=\"_ _16\"> </span>e <span class=\"_ _c\"> </span>alle <span class=\"_ _c\"> </span>opportunit\u00e0 <span class=\"_ _c\"> </span>climatic<span class=\"_ _1\"></span>he <span class=\"_ _c\"> </span>f<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ite <span class=\"_ _c\"> </span>nei <span class=\"_ _c\"> </span>bilanci <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>informazioni <span class=\"_ _c\"> </span>incluse <span class=\"_ _c\"> </span>nella </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2d\">rendicontazione di s<span class=\"_ _1\"></span>ostenibilit\u00e0;<span class=\"_ _1\"></span> </div><div class=\"t m1 h7 ffa fs5 fc1 sc0 ls0 ws0 gs2e\">o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">per i bila<span class=\"_ _1\"></span>nci predisp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sti <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> formato ESEF<span class=\"_ _3\"></span> \u00e8 richiam<span class=\"_ _3\"></span>ata l\u2019attenzione sull\u2019ac<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>uratezz<span class=\"_ _1\"></span>a e sulla </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2f\">conformit\u00e0 <span class=\"_ _15\"> </span>nella <span class=\"_ _15\"> </span>predisposizio<span class=\"_ _1\"></span>ne <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _1f\"> </span>documento <span class=\"_ _1f\"> </span>in <span class=\"_ _15\"> </span>formato <span class=\"_ _d\"> </span>elett<span class=\"_ _1\"></span>ronico <span class=\"_ _15\"> </span>con <span class=\"_ _15\"> </span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nto<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs30\">previsto d<span class=\"_ _0\"></span>alla normativa, <span class=\"_ _0\"></span>oltre ad <span class=\"_ _0\"></span>esse<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>evidenziat<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> g<span class=\"_ _0\"></span>li errori d<span class=\"_ _0\"></span>i archiviazione <span class=\"_ _0\"></span>pi\u00f9 c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>muni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs31\">riscontrati su cui p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rre attenzi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne;<span class=\"_ _3\"></span> </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs32\"><span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff2 fs2\">il <span class=\"ff5\">Discus<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ion<span class=\"_ _1\"></span> paper<span class=\"ff2\"> <span class=\"_ _3\"></span>n. <span class=\"_ _3\"></span>1/2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>22 <span class=\"_ _1\"></span>\u201cImpairment <span class=\"_ _3\"></span>test dei<span class=\"_ _3\"></span> non <span class=\"_ _3\"></span>financial a<span class=\"_ _3\"></span>ssets (IAS <span class=\"_ _3\"></span>36) a<span class=\"_ _3\"></span> seguito <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>guerra </span></span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs33\">in <span class=\"_ _16\"> </span>Ucraina\u201d <span class=\"_ _16\"> </span>p<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>bblicat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>i<span class=\"_ _0\"></span>l <span class=\"_ _c\"> </span>29 <span class=\"_ _c\"> </span>g<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ugno <span class=\"_ _16\"> </span>2022 <span class=\"_ _c\"> </span>dall\u2019Organism<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>Italiano <span class=\"_ _16\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _16\"> </span>Valutazione <span class=\"_ _c\"> </span>(\u201cOIV\u201d), <span class=\"_ _16\"> </span>che </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs34\">riprende <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>contenuti <span class=\"_ _f\"> </span>Public <span class=\"_ _f\"> </span>Stat<span class=\"_ _1\"></span>ement <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>13  ma<span class=\"_ _3\"></span>ggio <span class=\"_ _f\"> </span>2022 <span class=\"_ _f\"> </span>dell\u2019ESMA <span class=\"_ _f\"> </span>(oggetto <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>Richiamo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs35\">attenzione di Cons<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>b del 1<span class=\"_ _1\"></span>9 maggio 20<span class=\"_ _1\"></span>22) <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> fornisce indicazi<span class=\"_ _1\"></span>oni operative per t<span class=\"_ _1\"></span>rattare l\u2019incertezza </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs36\">dell\u2019attuale contest<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> nell\u2019am<span class=\"_ _1\"></span>bito dell\u2019eventuale ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio <span class=\"_ _1\"></span>dell\u2019impairment test<span class=\"_ _3\"></span>; </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs37\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _1d\"> </span>docume<span class=\"_ _1\"></span>nto <span class=\"_ _1d\"> </span>\u201cRecommendati<span class=\"_ _1\"></span>ons <span class=\"_ _1d\"> </span>on <span class=\"_ _1d\"> </span>Accounting <span class=\"_ _1d\"> </span>for <span class=\"_ _1d\"> </span>Goodw<span class=\"_ _1\"></span>ill\u201d <span class=\"_ _1d\"> </span>emesso <span class=\"_ _1d\"> </span>dall\u2019Inter<span class=\"_ _1\"></span>national </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs38\">Organization <span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>f <span class=\"_ _0\"></span>Securities <span class=\"_ _0\"></span>Commissi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>(\u201cI<span class=\"_ _1\"></span>OSCO\u201d <span class=\"_ _0\"></span>- <span class=\"_ _0\"></span>organizzaz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>inter<span class=\"_ _1\"></span>nazionale c<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>riu<span class=\"_ _1\"></span>nisce <span class=\"_ _0\"></span>le </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs39\">Autorit\u00e0  di  Vig<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>anza  sui  mer<span class=\"_ _1\"></span>cati  f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziari)  del  d<span class=\"_ _3\"></span>ic<span class=\"_ _0\"></span>embre  2023,  richiamato  anche  da  Consob, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a\">contenente r<span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>comandazioni <span class=\"_ _0\"></span>sulla contabilizzazion<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>dell\u2019avviamento <span class=\"_ _0\"></span>destinate agli <span class=\"_ _0\"></span>emittenti, agli </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3b\">audit <span class=\"_ _5\"></span>commi<span class=\"_ _0\"></span>ttee<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>(ai <span class=\"_ _5\"></span>responsabili <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>gov<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>nance <span class=\"_ _b\"></span>del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>impresa<span class=\"_ _1\"></span>) <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>visori <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ali.<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>Le </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3c\">raccomandazioni <span class=\"_ _0\"></span>intendono <span class=\"_ _0\"></span>contribuire <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>migliora<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>\u2019af<span class=\"_ _1\"></span>fidabilit\u00e0, <span class=\"_ _b\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>dele <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentazione<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>la<span class=\"_ _4a1\"> </span> </div>trasparenza dell\u2019informati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a finanziaria sull\u2019a<span class=\"_ _1\"></span>vviamento cos\u00ec come contabil<span class=\"_ _1\"></span>izzato e rappresentato nei bilanci. Il <span class=\"_ _f\"> </span>Bilancio <span class=\"_ _6\"></span>consolidato <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>stato <span class=\"_ _f\"></span>redatto<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>nella <span class=\"_ _f\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>osp<span class=\"_ _1\"></span>ettiva <span class=\"_ _f\"> </span>della <span class=\"_ _6\"></span>continuit\u00e0 <span class=\"_ _f\"> </span>dell\u2019attivit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>aziendale, <span class=\"_ _f\"> </span>che appa<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>appropriata <span class=\"_ _c\"> </span>alla <span class=\"_ _c\"> </span>luce <span class=\"_ _c\"> </span>dell\u2019andamento <span class=\"_ _c\"> </span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>prospett<span class=\"_ _1\"></span>ive <span class=\"_ _c\"> </span>aziendali, <span class=\"_ _c\"> </span>secondo <span class=\"_ _c\"> </span>il principio della <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabilizzazione p<span class=\"_ _1\"></span>er competenza e<span class=\"_ _3\"></span>conomica, nel<span class=\"_ _1\"></span> rispetto <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incipi<span class=\"_ _1\"></span>o di ri<span class=\"_ _1\"></span>levanza e d<span class=\"_ _1\"></span>i significativit\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019informazione <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>prevalenza <span class=\"_ _0\"></span>della <span class=\"_ _b\"></span>sostanza <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>lla <span class=\"_ _0\"></span>forma. <span class=\"_ _b\"></span>Non <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>stati <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>levati eventi <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>circostanze <span class=\"_ _5\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ltino <span class=\"_ _5\"></span>essere <span class=\"_ _6\"></span>sig<span class=\"_ _1\"></span>nificativi <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>che <span class=\"_ _6\"></span>possano <span class=\"_ _5\"></span>generare <span class=\"_ _5\"></span>dubbi <span class=\"_ _6\"></span>sulla <span class=\"_ _5\"></span>continuit\u00e0 aziendale. Gli <span class=\"_ _0\"></span>schemi rip<span class=\"_ _1\"></span>ortano, o<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e agli importi relativi <span class=\"_ _0\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>periodo<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di riferimento, anche i c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rrispondenti <span class=\"_ _0\"></span>dati<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di raffronto riferiti al <span class=\"_ _1\"></span>31 dicembre 202<span class=\"_ _1\"></span>3. In <span class=\"_ _6\"></span>conformit\u00e0 <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>disposto <span class=\"_ _6\"></span>dall\u2019art. <span class=\"_ _6\"></span>5, <span class=\"_ _5\"></span>comma <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>Decreto <span class=\"_ _5\"></span>L<span class=\"_ _0\"></span>egislat<span class=\"_ _1\"></span>ivo <span class=\"_ _6\"></span>n. <span class=\"_ _5\"></span>3<span class=\"_ _0\"></span>8 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>28<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>bbraio 2005, il bilancio \u00e8 re<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>atto ut<span class=\"_ _1\"></span>ilizzando l\u2019Eur<span class=\"_ _1\"></span>o come moneta di conto. Se non diversamente spe<span class=\"_ _3\"></span>cific<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> gli i<span class=\"_ _1\"></span>mporti del Bilancio <span class=\"_ _1\"></span>consolidato sono e<span class=\"_ _1\"></span>sposti in migliaia d<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>E<span class=\"_ _1\"></span>uro. Nello <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>patrimoniale <span class=\"_ _3\"></span>consolidato, <span class=\"_ _3\"></span>nel <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>onto <span class=\"_ _3\"></span>econ<span class=\"_ _1\"></span>omico <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>prospett<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>redditivit\u00e0 consolidata <span class=\"_ _1\"></span>complessiva <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>stati <span class=\"_ _1\"></span>indicati <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>conti che <span class=\"_ _3\"></span>presen<span class=\"_ _0\"></span>tan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>saldi a <span class=\"_ _3\"></span>zero<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in entrambi i <span class=\"_ _3\"></span>periodi confrontati. Anal<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>game<span class=\"_ _1\"></span>nte, nella <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>integrativa c<span class=\"_ _1\"></span>onsolidata <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>on s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _3\"></span>state presentate <span class=\"_ _3\"></span>le sezioni <span class=\"_ _1\"></span>e/o le tabelle che non <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontengo<span class=\"_ _1\"></span>no <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lcun valore. Compensazioni tra atti<span class=\"_ _1\"></span>vit\u00e0 e passivit\u00e0 e tra costi e r<span class=\"_ _1\"></span>icavi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>sono<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>fettuate s<span class=\"_ _1\"></span>olo se richiesto o consentito da un principio <span class=\"_ _1\"></span>o da una sua interpretazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e.<span class=\"_ _1\"></span> In <span class=\"_ _f\"> </span>rel<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione  al<span class=\"_ _3\"></span>  rendic<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nto <span class=\"_ _f\"> </span>finanziario<span class=\"_ _1\"></span>  c<span class=\"_ _1\"></span>onsolidato, <span class=\"_ _f\"> </span>come <span class=\"_ _f\"> </span>previsto  dall<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>IAS <span class=\"_ _f\"> </span>7 <span class=\"_ _f\"> </span>paragr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>  45<span class=\"_ _1\"></span>  e <span class=\"_ _f\"> </span>46, <span class=\"_ _f\"> </span>la riconciliazione <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nsidera <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>voci <span class=\"_ _f\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>cassa <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>conto <span class=\"_ _f\"> </span>corren<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>(a <span class=\"_ _f\"> </span>vista <span class=\"_ _f\"> </span>e <span class=\"_ _f\"></span>non <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>vi<span class=\"_ _0\"></span>sta) <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>inizio <span class=\"_ _f\"> </span>e <span class=\"_ _f\"></span>fine esercizio quale a<span class=\"_ _1\"></span>ggregato relativ<span class=\"_ _1\"></span>o al cosiddetto \u201c<span class=\"_ _1\"></span>cash equiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lent\u201d. Inoltre,  il  re<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>diconto  f<span class=\"_ _1\"></span>inanziario  a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>coglie <span class=\"_ _f\"> </span>n<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a  v<span class=\"_ _1\"></span>oce  \u201cLiquidit\u00e0  t<span class=\"_ _3\"></span>otale  netta  generata/a<span class=\"_ _1\"></span>ssorbita  nel<span class=\"_ _1\"></span> periodo\u201d <span class=\"_ _6\"></span>anche <span class=\"_ _5\"></span>l\u2019assorbimento <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>liquidit\u00e0 <span class=\"_ _6\"></span>derivan<span class=\"_ _3\"></span>te <span class=\"_ _6\"></span>dall<span class=\"_ _0\"></span>\u2019i<span class=\"_ _1\"></span>nvestimento <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>depositi <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>sc<span class=\"_ _0\"></span>ade<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _5\"></span>(\u201ctime deposit\u201d) effettuati <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ell\u2019eser<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>izio e pa<span class=\"_ _1\"></span>ri a circa Euro 122,6 <span class=\"_ _1\"></span>milioni al 31 dice<span class=\"_ _1\"></span>mbre 2024.<span class=\"_ _1\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-497": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 2 \u2013 Principi generali di redazi<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>e Il <span class=\"_ _e\"> </span>Bilancio <span class=\"_ _d\"> </span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lidato<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _e\"> </span>costi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>da<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>lo <span class=\"_ _d\"> </span>stato <span class=\"_ _e\"> </span>patrimoniale <span class=\"_ _d\"> </span>consolidato, <span class=\"_ _d\"> </span>d<span class=\"_ _0\"></span>al <span class=\"_ _15\"> </span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onomico<span class=\"_ _3\"></span> consolidato, <span class=\"_ _d\"> </span>dal <span class=\"_ _d\"> </span>prospett<span class=\"_ _1\"></span>o <span class=\"_ _e\"> </span>della <span class=\"_ _15\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ditivit\u00e0 <span class=\"_ _15\"> </span>consolidata <span class=\"_ _15\"> </span>complessiva, <span class=\"_ _d\"> </span>dal <span class=\"_ _d\"> </span>rendiconto <span class=\"_ _d\"> </span>finanziario consolidato  (p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>edisp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sto <span class=\"_ _f\"> </span>co<span class=\"_ _0\"></span>l <span class=\"_ _f\"> </span>metodo  in<span class=\"_ _1\"></span>diretto), <span class=\"_ _f\"> </span>dal  p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ospetto  delle <span class=\"_ _f\"> </span>variazioni <span class=\"_ _f\"> </span>di  patrimonio  nett<span class=\"_ _3\"></span>o consolidato, d<span class=\"_ _0\"></span>alla nota integrativa <span class=\"_ _0\"></span>consol<span class=\"_ _1\"></span>idata e <span class=\"_ _0\"></span>corr<span class=\"_ _0\"></span>edat<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>dalla <span class=\"_ _0\"></span> R<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e su<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>la g<span class=\"_ _0\"></span>esti<span class=\"_ _1\"></span>one c<span class=\"_ _0\"></span>ons<span class=\"_ _1\"></span>olidata ed  \u00e8  stato  predisposto  sulla  base  delle  ist<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>uzioni  \u201cIl  bilancio  degli  Inte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>mediari  IF<span class=\"_ _1\"></span>RS  diversi  dagli Intermediari <span class=\"_ _1f\"> </span>banc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>\u201d <span class=\"_ _1f\"> </span>(le <span class=\"_ _15\"> </span>\u201cIstruzio<span class=\"_ _1\"></span>ni <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>redazion<span class=\"_ _1\"></span>e\u201d), <span class=\"_ _15\"> </span>utilizzando <span class=\"_ _1f\"> </span>gli<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>schemi <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>bilancio <span class=\"_ _1f\"> </span>e <span class=\"_ _15\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>nota integrativa del<span class=\"_ _1\"></span>le Soc<span class=\"_ _1\"></span>iet\u00e0 di <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne de<span class=\"_ _3\"></span>l Risparmio, <span class=\"_ _3\"></span> emanate <span class=\"_ _1\"></span>da Banca <span class=\"_ _1\"></span>d\u2019Italia, <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019esercizio dei <span class=\"_ _3\"></span>po<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>ri stabiliti dall\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rt.<span class=\"_ _0\"></span> 43 <span class=\"_ _0\"></span>del D. Lgs. <span class=\"_ _0\"></span>n. <span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>36/2015, con <span class=\"_ _0\"></span>il Provvedime<span class=\"_ _1\"></span>nto d<span class=\"_ _0\"></span>el 17 <span class=\"_ _0\"></span>novembre 2022 <span class=\"_ _0\"></span>e successive integrazioni. Si  richiamano <span class=\"_ _f\"> </span>inoltr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>  i  documenti<span class=\"_ _1\"></span>  di  tipo  i<span class=\"_ _1\"></span>nterpretativo  e <span class=\"_ _f\"> </span>di  supporto  all\u2019app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazi<span class=\"_ _1\"></span>one  dei  pr<span class=\"_ _1\"></span>incipi contabili <span class=\"_ _b\"></span>em<span class=\"_ _0\"></span>anati <span class=\"_ _b\"></span>dagli <span class=\"_ _5\"></span>organismi <span class=\"_ _b\"></span>regolamentari <span class=\"_ _b\"></span>internazionali <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>igilanza <span class=\"_ _b\"></span>italiani <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>agli <span class=\"_ _b\"></span><span class=\"ff5\">s<span class=\"_ _0\"></span>tanda<span class=\"_ _1\"></span>rd </span>setter<span class=\"ff2\"> <span class=\"_ _0\"></span>di cui <span class=\"_ _0\"></span>si \u00e8 ten<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>o conto<span class=\"_ _0\"></span> anche n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a redazione del presente <span class=\"_ _0\"></span>Bila<span class=\"_ _1\"></span>ncio, <span class=\"_ _0\"></span>ladd<span class=\"_ _1\"></span>ove applicabili; <span class=\"_ _0\"></span>tra i <span class=\"_ _0\"></span>pi\u00f9 </span>significativi per il <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>rupp<span class=\"_ _1\"></span>o si segnalano:<span class=\"_ _1\"></span> <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Pubblic Statement del 2<span class=\"_ _0\"></span>4 ottobre 2024 del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>ESMA<span class=\"_ _1\"></span> \u201cEuro<span class=\"_ _0\"></span>pea<span class=\"_ _1\"></span>n common enforcement priori<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ies f<span class=\"_ _0\"></span>or </span></span>2024 <span class=\"_ _6\"></span>corpor<span class=\"_ _0\"></span>ate <span class=\"_ _5\"></span>reporting\u201d <span class=\"_ _6\"></span>(ripreso <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>CO<span class=\"_ _3\"></span>NSOB <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _5\"></span>R<span class=\"_ _0\"></span>ichiam<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>attenzi<span class=\"_ _1\"></span>one <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>/2<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>20 dicembre 2024). I<span class=\"_ _1\"></span>n particolare, \u00e8 <span class=\"_ _1\"></span>richiesta particola<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e atte<span class=\"_ _1\"></span>nzione sui segue<span class=\"_ _1\"></span>nti temi: o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">per <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>bilanci <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>datti <span class=\"_ _5\"></span>secondo <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>principi <span class=\"_ _5\"></span>contabili <span class=\"_ _5\"></span>IFRS <span class=\"_ _b\"></span>sull<span class=\"_ _0\"></span>\u2019a<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eg<span class=\"_ _1\"></span>uatezza <span class=\"_ _b\"></span>delle <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>nfo<span class=\"_ _1\"></span>rmazioni </span></span>fornite <span class=\"_ _1\"></span>con <span class=\"_ _3\"></span>rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mento a<span class=\"_ _1\"></span>lla <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> de<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>liquidit\u00e0 <span class=\"_ _3\"></span>ed <span class=\"_ _1\"></span>ai <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>chi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>associati, <span class=\"_ _3\"></span>oltre alla<span class=\"_ _3\"></span> chiarezza e <span class=\"_ _b\"></span>tr<span class=\"_ _0\"></span>aspa<span class=\"_ _1\"></span>renza <span class=\"_ _b\"></span>nelle <span class=\"_ _5\"></span>politiche <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ontabili <span class=\"_ _b\"></span>adottate, <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>particolare <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>riferimento <span class=\"_ _5\"></span>alle <span class=\"_ _b\"></span>poste valutative che comp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtano <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>iudizi e stime s<span class=\"_ _3\"></span>ignific<span class=\"_ _0\"></span>at<span class=\"_ _3\"></span>iv<span class=\"_ _0\"></span>e i<span class=\"_ _1\"></span>n bilancio; o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">con  riferiment<span class=\"_ _1\"></span>o  ai <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>epo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ting <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>sostenibilit\u00e0 <span class=\"_ _f\"> </span>red<span class=\"_ _0\"></span>at<span class=\"_ _3\"></span>ti  secondo <span class=\"_ _f\"> </span>i  nuovi  p<span class=\"_ _1\"></span>rincipi  Europea<span class=\"_ _1\"></span>n </span></span>Sustainability <span class=\"_ _b\"></span>Reporting <span class=\"_ _5\"></span>Standards <span class=\"_ _b\"></span>(ESRS), <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ichiesta<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>attenzio<span class=\"_ _0\"></span>ne <span class=\"_ _b\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>iferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>(i<span class=\"_ _0\"></span>) <span class=\"_ _b\"></span>alla corretta applicazione degli stessi e in particolare alla<span class=\"_ _1\"></span> valutazion<span class=\"_ _0\"></span>e de<span class=\"_ _1\"></span>lla do<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>ia materialit\u00e0, (ii) <span class=\"_ _e\"> </span>al<span class=\"_ _1\"></span>la <span class=\"_ _d\"> </span>conformit\u00e0 <span class=\"_ _d\"> </span>all\u2019articolo <span class=\"_ _15\"> </span>8<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>del <span class=\"_ _e\"> </span>Reg<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lamento <span class=\"_ _d\"> </span>Tassonomia, <span class=\"_ _15\"> </span>oltre <span class=\"_ _d\"> </span>(iii) <span class=\"_ _e\"> </span>a <span class=\"_ _15\"> </span>ribadire nuovamente <span class=\"_ _1\"></span>l\u2019importanza <span class=\"_ _3\"></span>della <span class=\"_ _1\"></span>coerenza <span class=\"_ _3\"></span>e della <span class=\"_ _3\"></span>connessi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne t<span class=\"_ _3\"></span>ra le <span class=\"_ _3\"></span>informazioni <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ai rischi <span class=\"_ _16\"> </span>e <span class=\"_ _c\"> </span>alle <span class=\"_ _c\"> </span>opportunit\u00e0 <span class=\"_ _c\"> </span>climatic<span class=\"_ _1\"></span>he <span class=\"_ _c\"> </span>f<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ite <span class=\"_ _c\"> </span>nei <span class=\"_ _c\"> </span>bilanci <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>informazioni <span class=\"_ _c\"> </span>incluse <span class=\"_ _c\"> </span>nella rendicontazione di s<span class=\"_ _1\"></span>ostenibilit\u00e0;<span class=\"_ _1\"></span> o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">per i bila<span class=\"_ _1\"></span>nci predisp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sti <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> formato ESEF<span class=\"_ _3\"></span> \u00e8 richiam<span class=\"_ _3\"></span>ata l\u2019attenzione sull\u2019ac<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>uratezz<span class=\"_ _1\"></span>a e sulla </span></span>conformit\u00e0 <span class=\"_ _15\"> </span>nella <span class=\"_ _15\"> </span>predisposizio<span class=\"_ _1\"></span>ne <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _1f\"> </span>documento <span class=\"_ _1f\"> </span>in <span class=\"_ _15\"> </span>formato <span class=\"_ _d\"> </span>elett<span class=\"_ _1\"></span>ronico <span class=\"_ _15\"> </span>con <span class=\"_ _15\"> </span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nto<span class=\"_ _0\"></span> previsto d<span class=\"_ _0\"></span>alla normativa, <span class=\"_ _0\"></span>oltre ad <span class=\"_ _0\"></span>esse<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>evidenziat<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> g<span class=\"_ _0\"></span>li errori d<span class=\"_ _0\"></span>i archiviazione <span class=\"_ _0\"></span>pi\u00f9 c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>muni riscontrati su cui p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rre attenzi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne;<span class=\"_ _3\"></span> <span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff2 fs2\">il <span class=\"ff5\">Discus<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ion<span class=\"_ _1\"></span> paper<span class=\"ff2\"> <span class=\"_ _3\"></span>n. <span class=\"_ _3\"></span>1/2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>22 <span class=\"_ _1\"></span>\u201cImpairment <span class=\"_ _3\"></span>test dei<span class=\"_ _3\"></span> non <span class=\"_ _3\"></span>financial a<span class=\"_ _3\"></span>ssets (IAS <span class=\"_ _3\"></span>36) a<span class=\"_ _3\"></span> seguito <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>guerra </span></span></span></span>in <span class=\"_ _16\"> </span>Ucraina\u201d <span class=\"_ _16\"> </span>p<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>bblicat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>i<span class=\"_ _0\"></span>l <span class=\"_ _c\"> </span>29 <span class=\"_ _c\"> </span>g<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ugno <span class=\"_ _16\"> </span>2022 <span class=\"_ _c\"> </span>dall\u2019Organism<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>Italiano <span class=\"_ _16\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _16\"> </span>Valutazione <span class=\"_ _c\"> </span>(\u201cOIV\u201d), <span class=\"_ _16\"> </span>che riprende <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>contenuti <span class=\"_ _f\"> </span>Public <span class=\"_ _f\"> </span>Stat<span class=\"_ _1\"></span>ement <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>13  ma<span class=\"_ _3\"></span>ggio <span class=\"_ _f\"> </span>2022 <span class=\"_ _f\"> </span>dell\u2019ESMA <span class=\"_ _f\"> </span>(oggetto <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>Richiamo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i attenzione di Cons<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>b del 1<span class=\"_ _1\"></span>9 maggio 20<span class=\"_ _1\"></span>22) <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> fornisce indicazi<span class=\"_ _1\"></span>oni operative per t<span class=\"_ _1\"></span>rattare l\u2019incertezza dell\u2019attuale contest<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> nell\u2019am<span class=\"_ _1\"></span>bito dell\u2019eventuale ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio <span class=\"_ _1\"></span>dell\u2019impairment test<span class=\"_ _3\"></span>; <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _1d\"> </span>docume<span class=\"_ _1\"></span>nto <span class=\"_ _1d\"> </span>\u201cRecommendati<span class=\"_ _1\"></span>ons <span class=\"_ _1d\"> </span>on <span class=\"_ _1d\"> </span>Accounting <span class=\"_ _1d\"> </span>for <span class=\"_ _1d\"> </span>Goodw<span class=\"_ _1\"></span>ill\u201d <span class=\"_ _1d\"> </span>emesso <span class=\"_ _1d\"> </span>dall\u2019Inter<span class=\"_ _1\"></span>national </span></span>Organization <span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>f <span class=\"_ _0\"></span>Securities <span class=\"_ _0\"></span>Commissi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>(\u201cI<span class=\"_ _1\"></span>OSCO\u201d <span class=\"_ _0\"></span>- <span class=\"_ _0\"></span>organizzaz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>inter<span class=\"_ _1\"></span>nazionale c<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>riu<span class=\"_ _1\"></span>nisce <span class=\"_ _0\"></span>le Autorit\u00e0  di  Vig<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>anza  sui  mer<span class=\"_ _1\"></span>cati  f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziari)  del  d<span class=\"_ _3\"></span>ic<span class=\"_ _0\"></span>embre  2023,  richiamato  anche  da  Consob, contenente r<span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>comandazioni <span class=\"_ _0\"></span>sulla contabilizzazion<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>dell\u2019avviamento <span class=\"_ _0\"></span>destinate agli <span class=\"_ _0\"></span>emittenti, agli audit <span class=\"_ _5\"></span>commi<span class=\"_ _0\"></span>ttee<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>(ai <span class=\"_ _5\"></span>responsabili <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>gov<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>nance <span class=\"_ _b\"></span>del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>impresa<span class=\"_ _1\"></span>) <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>visori <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ali.<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>Le raccomandazioni <span class=\"_ _0\"></span>intendono <span class=\"_ _0\"></span>contribuire <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>migliora<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>\u2019af<span class=\"_ _1\"></span>fidabilit\u00e0, <span class=\"_ _b\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>dele <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentazione<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>la<span class=\"_ _4a1\"> </span> trasparenza dell\u2019informati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a finanziaria sull\u2019a<span class=\"_ _1\"></span>vviamento cos\u00ec come contabil<span class=\"_ _1\"></span>izzato e rappresentato nei bilanci. Il <span class=\"_ _f\"> </span>Bilancio <span class=\"_ _6\"></span>consolidato <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>stato <span class=\"_ _f\"></span>redatto<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>nella <span class=\"_ _f\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>osp<span class=\"_ _1\"></span>ettiva <span class=\"_ _f\"> </span>della <span class=\"_ _6\"></span>continuit\u00e0 <span class=\"_ _f\"> </span>dell\u2019attivit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>aziendale, <span class=\"_ _f\"> </span>che appa<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>appropriata <span class=\"_ _c\"> </span>alla <span class=\"_ _c\"> </span>luce <span class=\"_ _c\"> </span>dell\u2019andamento <span class=\"_ _c\"> </span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>prospett<span class=\"_ _1\"></span>ive <span class=\"_ _c\"> </span>aziendali, <span class=\"_ _c\"> </span>secondo <span class=\"_ _c\"> </span>il principio della <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabilizzazione p<span class=\"_ _1\"></span>er competenza e<span class=\"_ _3\"></span>conomica, nel<span class=\"_ _1\"></span> rispetto <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incipi<span class=\"_ _1\"></span>o di ri<span class=\"_ _1\"></span>levanza e d<span class=\"_ _1\"></span>i significativit\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019informazione <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>prevalenza <span class=\"_ _0\"></span>della <span class=\"_ _b\"></span>sostanza <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>lla <span class=\"_ _0\"></span>forma. <span class=\"_ _b\"></span>Non <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>stati <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>levati eventi <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>circostanze <span class=\"_ _5\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ltino <span class=\"_ _5\"></span>essere <span class=\"_ _6\"></span>sig<span class=\"_ _1\"></span>nificativi <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>che <span class=\"_ _6\"></span>possano <span class=\"_ _5\"></span>generare <span class=\"_ _5\"></span>dubbi <span class=\"_ _6\"></span>sulla <span class=\"_ _5\"></span>continuit\u00e0 aziendale. Gli <span class=\"_ _0\"></span>schemi rip<span class=\"_ _1\"></span>ortano, o<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e agli importi relativi <span class=\"_ _0\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>periodo<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di riferimento, anche i c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rrispondenti <span class=\"_ _0\"></span>dati<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di raffronto riferiti al <span class=\"_ _1\"></span>31 dicembre 202<span class=\"_ _1\"></span>3. In <span class=\"_ _6\"></span>conformit\u00e0 <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>disposto <span class=\"_ _6\"></span>dall\u2019art. <span class=\"_ _6\"></span>5, <span class=\"_ _5\"></span>comma <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>Decreto <span class=\"_ _5\"></span>L<span class=\"_ _0\"></span>egislat<span class=\"_ _1\"></span>ivo <span class=\"_ _6\"></span>n. <span class=\"_ _5\"></span>3<span class=\"_ _0\"></span>8 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>28<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>bbraio 2005, il bilancio \u00e8 re<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>atto ut<span class=\"_ _1\"></span>ilizzando l\u2019Eur<span class=\"_ _1\"></span>o come moneta di conto. Se non diversamente spe<span class=\"_ _3\"></span>cific<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> gli i<span class=\"_ _1\"></span>mporti del Bilancio <span class=\"_ _1\"></span>consolidato sono e<span class=\"_ _1\"></span>sposti in migliaia d<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>E<span class=\"_ _1\"></span>uro. Nello <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>patrimoniale <span class=\"_ _3\"></span>consolidato, <span class=\"_ _3\"></span>nel <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>onto <span class=\"_ _3\"></span>econ<span class=\"_ _1\"></span>omico <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>prospett<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>redditivit\u00e0 consolidata <span class=\"_ _1\"></span>complessiva <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>stati <span class=\"_ _1\"></span>indicati <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>conti che <span class=\"_ _3\"></span>presen<span class=\"_ _0\"></span>tan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>saldi a <span class=\"_ _3\"></span>zero<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in entrambi i <span class=\"_ _3\"></span>periodi confrontati. Anal<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>game<span class=\"_ _1\"></span>nte, nella <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>integrativa c<span class=\"_ _1\"></span>onsolidata <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>on s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _3\"></span>state presentate <span class=\"_ _3\"></span>le sezioni <span class=\"_ _1\"></span>e/o le tabelle che non <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontengo<span class=\"_ _1\"></span>no <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lcun valore. Compensazioni tra atti<span class=\"_ _1\"></span>vit\u00e0 e passivit\u00e0 e tra costi e r<span class=\"_ _1\"></span>icavi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>sono<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>fettuate s<span class=\"_ _1\"></span>olo se richiesto o consentito da un principio <span class=\"_ _1\"></span>o da una sua interpretazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e.<span class=\"_ _1\"></span> In <span class=\"_ _f\"> </span>rel<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione  al<span class=\"_ _3\"></span>  rendic<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nto <span class=\"_ _f\"> </span>finanziario<span class=\"_ _1\"></span>  c<span class=\"_ _1\"></span>onsolidato, <span class=\"_ _f\"> </span>come <span class=\"_ _f\"> </span>previsto  dall<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>IAS <span class=\"_ _f\"> </span>7 <span class=\"_ _f\"> </span>paragr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>  45<span class=\"_ _1\"></span>  e <span class=\"_ _f\"> </span>46, <span class=\"_ _f\"> </span>la riconciliazione <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nsidera <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>voci <span class=\"_ _f\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>cassa <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>conto <span class=\"_ _f\"> </span>corren<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>(a <span class=\"_ _f\"> </span>vista <span class=\"_ _f\"> </span>e <span class=\"_ _f\"></span>non <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>vi<span class=\"_ _0\"></span>sta) <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>inizio <span class=\"_ _f\"> </span>e <span class=\"_ _f\"></span>fine esercizio quale a<span class=\"_ _1\"></span>ggregato relativ<span class=\"_ _1\"></span>o al cosiddetto \u201c<span class=\"_ _1\"></span>cash equiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lent\u201d. Inoltre,  il  re<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>diconto  f<span class=\"_ _1\"></span>inanziario  a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>coglie <span class=\"_ _f\"> </span>n<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a  v<span class=\"_ _1\"></span>oce  \u201cLiquidit\u00e0  t<span class=\"_ _3\"></span>otale  netta  generata/a<span class=\"_ _1\"></span>ssorbita  nel<span class=\"_ _1\"></span> periodo\u201d <span class=\"_ _6\"></span>anche <span class=\"_ _5\"></span>l\u2019assorbimento <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>liquidit\u00e0 <span class=\"_ _6\"></span>derivan<span class=\"_ _3\"></span>te <span class=\"_ _6\"></span>dall<span class=\"_ _0\"></span>\u2019i<span class=\"_ _1\"></span>nvestimento <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>depositi <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>sc<span class=\"_ _0\"></span>ade<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _5\"></span>(\u201ctime deposit\u201d) effettuati <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ell\u2019eser<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>izio e pa<span class=\"_ _1\"></span>ri a circa Euro 122,6 <span class=\"_ _1\"></span>milioni al 31 dice<span class=\"_ _1\"></span>mbre 2024.<span class=\"_ _1\"></span> Global minimum tax<span class=\"_ _3\"></span> Con il D.L<span class=\"_ _1\"></span>gs. n. <span class=\"_ _1\"></span>209 del <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7 di<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>embre<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>2023<span class=\"_ _1\"></span> \u00e8 stata <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>epita i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> Italia<span class=\"_ _3\"></span> la Direttiva <span class=\"_ _3\"></span>U<span class=\"_ _0\"></span>E n<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span> 252<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>/2022<span class=\"_ _1\"></span> che, i<span class=\"_ _1\"></span>n attuazione delle norme <span class=\"_ _0\"></span>tip<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> globali di <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>tta contro l'erosion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>della base imponibile \u2014 secondo <span class=\"_ _0\"></span>pilastr<span class=\"_ _3\"></span>o (\u201c<span class=\"ff5\">Tax <span class=\"_ _6\"></span>Challenge<span class=\"_ _1\"></span>s <span class=\"_ _6\"></span>Arising<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _5\"></span>the <span class=\"_ _b\"></span>Digitalisation <span class=\"_ _5\"></span>of <span class=\"_ _6\"></span>the <span class=\"_ _5\"></span>Economy <span class=\"_ _5\"></span>\u2014 <span class=\"_ _6\"></span>Global <span class=\"_ _5\"></span>Anti- <span class=\"_ _5\"></span>Base <span class=\"_ _b\"></span>E<span class=\"_ _0\"></span>rosion <span class=\"_ _5\"></span>Model <span class=\"_ _5\"></span>Rules </span>(Pillar Two<span class=\"ff2\">)\u201d<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ado<span class=\"_ _0\"></span>ttate<span class=\"_ _1\"></span> a <span class=\"_ _3\"></span>fine 2021 dal<span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>O<span class=\"_ _1\"></span>CSE, <span class=\"_ _1\"></span>ha istit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ito <span class=\"_ _3\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>sistema di <span class=\"_ _1\"></span>reg<span class=\"_ _1\"></span>ole comun<span class=\"_ _1\"></span>i intese <span class=\"_ _1\"></span>a ga<span class=\"_ _3\"></span>ran<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e </span>un livello minimo di impo<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>ne globale del 15%<span class=\"_ _1\"></span> (c.d. \u201c<span class=\"ff5\">Global minimum ta<span class=\"_ _3\"></span>x<span class=\"_ _0\"></span><span class=\"ff2\">\u201d) p<span class=\"_ _1\"></span>er i gruppi multi<span class=\"_ _1\"></span>nazionali </span></span>e i <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rupp<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>nali su la<span class=\"_ _3\"></span>rg<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>scala che p<span class=\"_ _1\"></span>resentan<span class=\"_ _1\"></span>o ric<span class=\"_ _1\"></span>avi complessi<span class=\"_ _1\"></span>vi s<span class=\"_ _1\"></span>uperiori a <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>750 mi<span class=\"_ _1\"></span>lioni l<span class=\"_ _1\"></span>\u2019anno. Nello sp<span class=\"_ _3\"></span>ecifico, <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>ne <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>raggiu<span class=\"_ _1\"></span>ngere <span class=\"_ _3\"></span>tale <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>biett<span class=\"_ _1\"></span>ivo, <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>.Lgs. <span class=\"_ _8\"></span>n<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>209/2023 <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>introdotto, <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>decorrenza 1\u00b0 gennaio 2024, una imp<span class=\"_ _3\"></span>osi<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne inte<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rativa p<span class=\"_ _1\"></span>relevata att<span class=\"_ _1\"></span>raver<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>:<span class=\"_ _1\"></span> a)<span class=\"ff4 fs5\"> <span class=\"_ _1c\"> </span></span>l'im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>osta <span class=\"_ _0\"></span>minima n<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>nale <span class=\"_ _0\"></span>(c.d. <span class=\"_ _0\"></span>\u201c<span class=\"ff5\">Qualifi<span class=\"_ _1\"></span>ed Domestic Minimum <span class=\"_ _0\"></span>Top-Up Tax<span class=\"_ _0\"></span>- Q<span class=\"_ _0\"></span>D<span class=\"_ _1\"></span>MTT\u201d<span class=\"ff2\">), d<span class=\"_ _0\"></span>ovuta in </span></span>relazione <span class=\"_ _15\"> </span>alle <span class=\"_ _d\"> </span>imprese <span class=\"_ _1f\"> </span>di <span class=\"_ _d\"> </span>un <span class=\"_ _1f\"> </span>g<span class=\"_ _0\"></span>rupp<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>multinazio<span class=\"_ _1\"></span>nale <span class=\"_ _15\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>nazionale <span class=\"_ _15\"> </span>sogg<span class=\"_ _0\"></span>ette <span class=\"_ _1f\"> </span>ad <span class=\"_ _15\"> </span>una <span class=\"_ _15\"> </span>bassa imposizione <span class=\"_ _6\"></span>localizzate <span class=\"_ _6\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Italia, <span class=\"_ _f\"> </span>le <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>re<span class=\"_ _1\"></span>gole <span class=\"_ _f\"></span>di <span class=\"_ _6\"></span>attuazione <span class=\"_ _6\"></span>sono <span class=\"_ _f\"> </span>co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tenute <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>Decreto <span class=\"_ _f\"> </span>del Ministero dell\u2019Ec<span class=\"_ _1\"></span>onomia e delle Fina<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ze del<span class=\"_ _1\"></span> 1\u00b0 luglio 2024;<span class=\"_ _3\"></span> b)<span class=\"ff4 fs5\"> <span class=\"_ _18\"> </span></span>l'<span class=\"_ _0\"></span>imp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sta <span class=\"_ _3\"></span>minima <span class=\"_ _8\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rativa, <span class=\"_ _3\"></span>dovuta <span class=\"_ _3\"></span>da <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntrollanti <span class=\"_ _8\"></span>l<span class=\"_ _0\"></span>ocalizza<span class=\"_ _1\"></span>te <span class=\"_ _3\"></span>in It<span class=\"_ _1\"></span>alia <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>g<span class=\"_ _0\"></span>rupp<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>multin<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ionali o <span class=\"_ _c\"> </span>nazi<span class=\"_ _1\"></span>onali <span class=\"_ _c\"> </span>i<span class=\"_ _1\"></span>n  r<span class=\"_ _0\"></span>elazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e  alle <span class=\"_ _c\"> </span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>prese  soggette  ad<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>una  bassa <span class=\"_ _c\"> </span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>posizi<span class=\"_ _3\"></span>one <span class=\"_ _c\"> </span>facent<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>parte  del gruppo, <span class=\"_ _f\"> </span>tenendo<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>conto <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nto <span class=\"_ _f\"> </span>eventualmente <span class=\"_ _6\"></span>prelev<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span>  a<span class=\"_ _1\"></span>ttraverso <span class=\"_ _f\"> </span>u<span class=\"_ _1\"></span>na <span class=\"_ _f\"> </span>imposta <span class=\"_ _6\"></span>minima nazionale (c.d. \u201c<span class=\"ff5\">IIR \u2013 In<span class=\"_ _1\"></span>come Inclusion Rule<span class=\"_ _1\"></span>\u201d<span class=\"ff2\">); </span></span>c)<span class=\"ff4 fs5\"> <span class=\"_ _21\"> </span></span>l'i<span class=\"_ _0\"></span>mp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sta <span class=\"_ _16\"> </span>minima <span class=\"_ _1f\"> </span>su<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>eti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a, <span class=\"_ _16\"> </span>dovuta <span class=\"_ _1f\"> </span>da <span class=\"_ _1f\"> </span>una <span class=\"_ _1f\"> </span>o <span class=\"_ _15\"> </span>p<span class=\"_ _1\"></span>i\u00f9 <span class=\"_ _15\"> </span>imprese<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>un <span class=\"_ _1f\"> </span>gruppo <span class=\"_ _1f\"> </span>multinazionale loc<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>izzate <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>Italia <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>alle <span class=\"_ _5\"></span>imprese <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>ace<span class=\"_ _3\"></span>nti <span class=\"_ _6\"></span>parte <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>so<span class=\"_ _1\"></span>gg<span class=\"_ _0\"></span>ette <span class=\"_ _5\"></span>ad <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>bassa imposizione <span class=\"_ _f\"> </span>quand<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>stata <span class=\"_ _f\"> </span>ap<span class=\"_ _1\"></span>plicata, <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>tutto <span class=\"_ _f\"> </span>o <span class=\"_ _f\"></span>in <span class=\"_ _f\"> </span>parte<span class=\"_ _1\"></span>, <span class=\"_ _f\"> </span>l'imposta <span class=\"_ _f\"></span>mi<span class=\"_ _1\"></span>nim<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>integrativa equivalente in alt<span class=\"_ _1\"></span>ri Paesi (c.d. \u201c<span class=\"ff5\">Undertaxed Profit<span class=\"_ _3\"></span> Rule - UTPR\u201d<span class=\"ff2\">). </span></span>Inoltre, <span class=\"_ _b\"></span>con <span class=\"_ _5\"></span>D<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ret<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Ministero <span class=\"_ _5\"></span>dell\u2019Ec<span class=\"_ _1\"></span>onomia <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>delle <span class=\"_ _5\"></span>Finanze <span class=\"_ _5\"></span>del <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>0 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ggio<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>024 <span class=\"_ _b\"></span>sono <span class=\"_ _5\"></span>stati implementati i c<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>d. r<span class=\"_ _0\"></span>egimi<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>transitori <span class=\"_ _0\"></span>se<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>plif<span class=\"_ _1\"></span>icati d<span class=\"_ _0\"></span>a rendicontazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne paese <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>paese (c.d. <span class=\"_ _0\"></span>\u201c<span class=\"ff5\">Country<span class=\"_ _3\"></span> </span>by Country Repor<span class=\"_ _1\"></span>ting Transition<span class=\"_ _1\"></span>al Safe Harb<span class=\"_ _1\"></span>ours <span class=\"_ _1\"></span>\u2013 CbC<span class=\"_ _1\"></span>r TSH\u201d<span class=\"ff2\">). Si tratta<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>un sistema<span class=\"_ _1\"></span> di regole basato<span class=\"_ _3\"></span> </span>principalmente sulle <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nformazioni contabili disponibili <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>ogni giurisdizione rilevante ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>caso di <span class=\"_ _6\"></span>superamento <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>alm<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>uno <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>tre <span class=\"_ _6\"></span>test <span class=\"_ _5\"></span>previsti, <span class=\"_ _5\"></span>comporta, <span class=\"_ _6\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>primi <span class=\"_ _6\"></span>tre <span class=\"_ _6\"></span>eser<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>izi <span class=\"_ _5\"></span>successivi all\u2019entrata <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>gore <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>rmativa, l<span class=\"_ _3\"></span>\u2019azzeramento <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>imposte <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>sec<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndo <span class=\"_ _3\"></span>pilastro <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>uzione degli oneri da adempi<span class=\"_ _1\"></span>mento.  <div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs45\">A <span class=\"_ _0\"></span>far <span class=\"_ _b\"></span>data <span class=\"_ _0\"></span>1\u00b0 <span class=\"_ _0\"></span>gennaio <span class=\"_ _0\"></span>2024, <span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Gruppo <span class=\"_ _0\"></span>A<span class=\"_ _1\"></span>nima, <span class=\"_ _0\"></span>quale <span class=\"_ _0\"></span>gruppo <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>nale <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>ricavi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>nui <span class=\"_ _0\"></span>superi<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs46\">Euro 750 <span class=\"_ _1\"></span>milioni pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> al<span class=\"_ _1\"></span>meno due<span class=\"_ _1\"></span> dei quattro<span class=\"_ _1\"></span> eserci<span class=\"_ _3\"></span>zi prec<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>rientra nel<span class=\"_ _1\"></span> campo <span class=\"_ _1\"></span>di app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs47\">della legislazione <span class=\"_ _1\"></span>del secondo pilast<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs48\">Il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>ha <span class=\"_ _5\"></span>pertanto<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>effettuato, <span class=\"_ _b\"></span>sulla <span class=\"_ _b\"></span>base <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>dati <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ons<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ntivi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>hius<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>31 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs49\">dicembre 2024, i <span class=\"_ _0\"></span>test pr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>isti<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dai<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>regimi <span class=\"_ _0\"></span>tra<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ri semplificati con riguardo all\u2019unica giurisdizione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4a\">(Italia) in cui sono localizzate tutte le entit\u00e0 del Gruppo (e le entit\u00e0 a con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollo congiunt<span class=\"_ _1\"></span>o in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ase al </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4b\">D.Lgs. <span class=\"_ _b\"></span>n. <span class=\"_ _b\"></span>209); <span class=\"_ _b\"></span>almeno <span class=\"_ _0\"></span>uno <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>test <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>sulta <span class=\"_ _b\"></span>soddisfa<span class=\"_ _3\"></span>tto<span class=\"_ _0\"></span>, <span class=\"_ _b\"></span>con <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nseguente <span class=\"_ _0\"></span>possibili<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>Gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4c\">Anima di beneficia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e del re<span class=\"_ _1\"></span>gime transito<span class=\"_ _1\"></span>rio<span class=\"_ _0\"></span> pe<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>l\u2019es<span class=\"_ _1\"></span>erci<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>2024.   </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4d\">Alla <span class=\"_ _f\"> </span>data <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>chiusura <span class=\"_ _f\"> </span>dell\u2019ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>24 <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>risul<span class=\"_ _1\"></span>ta <span class=\"_ _f\"> </span>alcuna <span class=\"_ _f\"> </span>esposizione <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>G<span class=\"_ _1\"></span>ruppo <span class=\"_ _f\"> </span>Anima <span class=\"_ _f\"> </span>alle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4e\">imposte del se<span class=\"_ _1\"></span>condo pilastro.  </div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfOtherAccountingPoliciesRelevantToUnderstandingOfFinancialStatements",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-7": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 2 \u2013 Principi generali di redazi<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>e Il <span class=\"_ _e\"> </span>Bilancio <span class=\"_ _d\"> </span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lidato<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _e\"> </span>costi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>da<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>lo <span class=\"_ _d\"> </span>stato <span class=\"_ _e\"> </span>patrimoniale <span class=\"_ _d\"> </span>consolidato, <span class=\"_ _d\"> </span>d<span class=\"_ _0\"></span>al <span class=\"_ _15\"> </span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onomico<span class=\"_ _3\"></span> consolidato, <span class=\"_ _d\"> </span>dal <span class=\"_ _d\"> </span>prospett<span class=\"_ _1\"></span>o <span class=\"_ _e\"> </span>della <span class=\"_ _15\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ditivit\u00e0 <span class=\"_ _15\"> </span>consolidata <span class=\"_ _15\"> </span>complessiva, <span class=\"_ _d\"> </span>dal <span class=\"_ _d\"> </span>rendiconto <span class=\"_ _d\"> </span>finanziario consolidato  (p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>edisp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sto <span class=\"_ _f\"> </span>co<span class=\"_ _0\"></span>l <span class=\"_ _f\"> </span>metodo  in<span class=\"_ _1\"></span>diretto), <span class=\"_ _f\"> </span>dal  p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ospetto  delle <span class=\"_ _f\"> </span>variazioni <span class=\"_ _f\"> </span>di  patrimonio  nett<span class=\"_ _3\"></span>o consolidato, d<span class=\"_ _0\"></span>alla nota integrativa <span class=\"_ _0\"></span>consol<span class=\"_ _1\"></span>idata e <span class=\"_ _0\"></span>corr<span class=\"_ _0\"></span>edat<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>dalla <span class=\"_ _0\"></span> R<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e su<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>la g<span class=\"_ _0\"></span>esti<span class=\"_ _1\"></span>one c<span class=\"_ _0\"></span>ons<span class=\"_ _1\"></span>olidata ed  \u00e8  stato  predisposto  sulla  base  delle  ist<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>uzioni  \u201cIl  bilancio  degli  Inte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>mediari  IF<span class=\"_ _1\"></span>RS  diversi  dagli Intermediari <span class=\"_ _1f\"> </span>banc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>\u201d <span class=\"_ _1f\"> </span>(le <span class=\"_ _15\"> </span>\u201cIstruzio<span class=\"_ _1\"></span>ni <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>redazion<span class=\"_ _1\"></span>e\u201d), <span class=\"_ _15\"> </span>utilizzando <span class=\"_ _1f\"> </span>gli<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>schemi <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>bilancio <span class=\"_ _1f\"> </span>e <span class=\"_ _15\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>nota integrativa del<span class=\"_ _1\"></span>le Soc<span class=\"_ _1\"></span>iet\u00e0 di <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne de<span class=\"_ _3\"></span>l Risparmio, <span class=\"_ _3\"></span> emanate <span class=\"_ _1\"></span>da Banca <span class=\"_ _1\"></span>d\u2019Italia, <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019esercizio dei <span class=\"_ _3\"></span>po<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>ri stabiliti dall\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rt.<span class=\"_ _0\"></span> 43 <span class=\"_ _0\"></span>del D. Lgs. <span class=\"_ _0\"></span>n. <span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>36/2015, con <span class=\"_ _0\"></span>il Provvedime<span class=\"_ _1\"></span>nto d<span class=\"_ _0\"></span>el 17 <span class=\"_ _0\"></span>novembre 2022 <span class=\"_ _0\"></span>e successive integrazioni. Si  richiamano <span class=\"_ _f\"> </span>inoltr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>  i  documenti<span class=\"_ _1\"></span>  di  tipo  i<span class=\"_ _1\"></span>nterpretativo  e <span class=\"_ _f\"> </span>di  supporto  all\u2019app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazi<span class=\"_ _1\"></span>one  dei  pr<span class=\"_ _1\"></span>incipi contabili <span class=\"_ _b\"></span>em<span class=\"_ _0\"></span>anati <span class=\"_ _b\"></span>dagli <span class=\"_ _5\"></span>organismi <span class=\"_ _b\"></span>regolamentari <span class=\"_ _b\"></span>internazionali <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>igilanza <span class=\"_ _b\"></span>italiani <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>agli <span class=\"_ _b\"></span><span class=\"ff5\">s<span class=\"_ _0\"></span>tanda<span class=\"_ _1\"></span>rd </span>setter<span class=\"ff2\"> <span class=\"_ _0\"></span>di cui <span class=\"_ _0\"></span>si \u00e8 ten<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>o conto<span class=\"_ _0\"></span> anche n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a redazione del presente <span class=\"_ _0\"></span>Bila<span class=\"_ _1\"></span>ncio, <span class=\"_ _0\"></span>ladd<span class=\"_ _1\"></span>ove applicabili; <span class=\"_ _0\"></span>tra i <span class=\"_ _0\"></span>pi\u00f9 </span>significativi per il <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>rupp<span class=\"_ _1\"></span>o si segnalano:<span class=\"_ _1\"></span> <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Pubblic Statement del 2<span class=\"_ _0\"></span>4 ottobre 2024 del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>ESMA<span class=\"_ _1\"></span> \u201cEuro<span class=\"_ _0\"></span>pea<span class=\"_ _1\"></span>n common enforcement priori<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ies f<span class=\"_ _0\"></span>or </span></span>2024 <span class=\"_ _6\"></span>corpor<span class=\"_ _0\"></span>ate <span class=\"_ _5\"></span>reporting\u201d <span class=\"_ _6\"></span>(ripreso <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>CO<span class=\"_ _3\"></span>NSOB <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _5\"></span>R<span class=\"_ _0\"></span>ichiam<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>attenzi<span class=\"_ _1\"></span>one <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>/2<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>20 dicembre 2024). I<span class=\"_ _1\"></span>n particolare, \u00e8 <span class=\"_ _1\"></span>richiesta particola<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e atte<span class=\"_ _1\"></span>nzione sui segue<span class=\"_ _1\"></span>nti temi: o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">per <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>bilanci <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>datti <span class=\"_ _5\"></span>secondo <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>principi <span class=\"_ _5\"></span>contabili <span class=\"_ _5\"></span>IFRS <span class=\"_ _b\"></span>sull<span class=\"_ _0\"></span>\u2019a<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eg<span class=\"_ _1\"></span>uatezza <span class=\"_ _b\"></span>delle <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>nfo<span class=\"_ _1\"></span>rmazioni </span></span>fornite <span class=\"_ _1\"></span>con <span class=\"_ _3\"></span>rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mento a<span class=\"_ _1\"></span>lla <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> de<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>liquidit\u00e0 <span class=\"_ _3\"></span>ed <span class=\"_ _1\"></span>ai <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>chi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>associati, <span class=\"_ _3\"></span>oltre alla<span class=\"_ _3\"></span> chiarezza e <span class=\"_ _b\"></span>tr<span class=\"_ _0\"></span>aspa<span class=\"_ _1\"></span>renza <span class=\"_ _b\"></span>nelle <span class=\"_ _5\"></span>politiche <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ontabili <span class=\"_ _b\"></span>adottate, <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>particolare <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>riferimento <span class=\"_ _5\"></span>alle <span class=\"_ _b\"></span>poste valutative che comp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtano <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>iudizi e stime s<span class=\"_ _3\"></span>ignific<span class=\"_ _0\"></span>at<span class=\"_ _3\"></span>iv<span class=\"_ _0\"></span>e i<span class=\"_ _1\"></span>n bilancio; o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">con  riferiment<span class=\"_ _1\"></span>o  ai <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>epo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ting <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>sostenibilit\u00e0 <span class=\"_ _f\"> </span>red<span class=\"_ _0\"></span>at<span class=\"_ _3\"></span>ti  secondo <span class=\"_ _f\"> </span>i  nuovi  p<span class=\"_ _1\"></span>rincipi  Europea<span class=\"_ _1\"></span>n </span></span>Sustainability <span class=\"_ _b\"></span>Reporting <span class=\"_ _5\"></span>Standards <span class=\"_ _b\"></span>(ESRS), <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ichiesta<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>attenzio<span class=\"_ _0\"></span>ne <span class=\"_ _b\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>iferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>(i<span class=\"_ _0\"></span>) <span class=\"_ _b\"></span>alla corretta applicazione degli stessi e in particolare alla<span class=\"_ _1\"></span> valutazion<span class=\"_ _0\"></span>e de<span class=\"_ _1\"></span>lla do<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>ia materialit\u00e0, (ii) <span class=\"_ _e\"> </span>al<span class=\"_ _1\"></span>la <span class=\"_ _d\"> </span>conformit\u00e0 <span class=\"_ _d\"> </span>all\u2019articolo <span class=\"_ _15\"> </span>8<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>del <span class=\"_ _e\"> </span>Reg<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lamento <span class=\"_ _d\"> </span>Tassonomia, <span class=\"_ _15\"> </span>oltre <span class=\"_ _d\"> </span>(iii) <span class=\"_ _e\"> </span>a <span class=\"_ _15\"> </span>ribadire nuovamente <span class=\"_ _1\"></span>l\u2019importanza <span class=\"_ _3\"></span>della <span class=\"_ _1\"></span>coerenza <span class=\"_ _3\"></span>e della <span class=\"_ _3\"></span>connessi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne t<span class=\"_ _3\"></span>ra le <span class=\"_ _3\"></span>informazioni <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ai rischi <span class=\"_ _16\"> </span>e <span class=\"_ _c\"> </span>alle <span class=\"_ _c\"> </span>opportunit\u00e0 <span class=\"_ _c\"> </span>climatic<span class=\"_ _1\"></span>he <span class=\"_ _c\"> </span>f<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ite <span class=\"_ _c\"> </span>nei <span class=\"_ _c\"> </span>bilanci <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>informazioni <span class=\"_ _c\"> </span>incluse <span class=\"_ _c\"> </span>nella rendicontazione di s<span class=\"_ _1\"></span>ostenibilit\u00e0;<span class=\"_ _1\"></span> o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">per i bila<span class=\"_ _1\"></span>nci predisp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sti <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> formato ESEF<span class=\"_ _3\"></span> \u00e8 richiam<span class=\"_ _3\"></span>ata l\u2019attenzione sull\u2019ac<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>uratezz<span class=\"_ _1\"></span>a e sulla </span></span>conformit\u00e0 <span class=\"_ _15\"> </span>nella <span class=\"_ _15\"> </span>predisposizio<span class=\"_ _1\"></span>ne <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _1f\"> </span>documento <span class=\"_ _1f\"> </span>in <span class=\"_ _15\"> </span>formato <span class=\"_ _d\"> </span>elett<span class=\"_ _1\"></span>ronico <span class=\"_ _15\"> </span>con <span class=\"_ _15\"> </span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nto<span class=\"_ _0\"></span> previsto d<span class=\"_ _0\"></span>alla normativa, <span class=\"_ _0\"></span>oltre ad <span class=\"_ _0\"></span>esse<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>evidenziat<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> g<span class=\"_ _0\"></span>li errori d<span class=\"_ _0\"></span>i archiviazione <span class=\"_ _0\"></span>pi\u00f9 c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>muni riscontrati su cui p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rre attenzi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne;<span class=\"_ _3\"></span> <span class=\"ff4\"> <span class=\"_ _1c\"> </span><span class=\"ff2 fs2\">il <span class=\"ff5\">Discus<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ion<span class=\"_ _1\"></span> paper<span class=\"ff2\"> <span class=\"_ _3\"></span>n. <span class=\"_ _3\"></span>1/2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>22 <span class=\"_ _1\"></span>\u201cImpairment <span class=\"_ _3\"></span>test dei<span class=\"_ _3\"></span> non <span class=\"_ _3\"></span>financial a<span class=\"_ _3\"></span>ssets (IAS <span class=\"_ _3\"></span>36) a<span class=\"_ _3\"></span> seguito <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>guerra </span></span></span></span>in <span class=\"_ _16\"> </span>Ucraina\u201d <span class=\"_ _16\"> </span>p<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>bblicat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>i<span class=\"_ _0\"></span>l <span class=\"_ _c\"> </span>29 <span class=\"_ _c\"> </span>g<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ugno <span class=\"_ _16\"> </span>2022 <span class=\"_ _c\"> </span>dall\u2019Organism<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>Italiano <span class=\"_ _16\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _16\"> </span>Valutazione <span class=\"_ _c\"> </span>(\u201cOIV\u201d), <span class=\"_ _16\"> </span>che riprende <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>contenuti <span class=\"_ _f\"> </span>Public <span class=\"_ _f\"> </span>Stat<span class=\"_ _1\"></span>ement <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>13  ma<span class=\"_ _3\"></span>ggio <span class=\"_ _f\"> </span>2022 <span class=\"_ _f\"> </span>dell\u2019ESMA <span class=\"_ _f\"> </span>(oggetto <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>Richiamo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i attenzione di Cons<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>b del 1<span class=\"_ _1\"></span>9 maggio 20<span class=\"_ _1\"></span>22) <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> fornisce indicazi<span class=\"_ _1\"></span>oni operative per t<span class=\"_ _1\"></span>rattare l\u2019incertezza dell\u2019attuale contest<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> nell\u2019am<span class=\"_ _1\"></span>bito dell\u2019eventuale ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio <span class=\"_ _1\"></span>dell\u2019impairment test<span class=\"_ _3\"></span>; <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _1d\"> </span>docume<span class=\"_ _1\"></span>nto <span class=\"_ _1d\"> </span>\u201cRecommendati<span class=\"_ _1\"></span>ons <span class=\"_ _1d\"> </span>on <span class=\"_ _1d\"> </span>Accounting <span class=\"_ _1d\"> </span>for <span class=\"_ _1d\"> </span>Goodw<span class=\"_ _1\"></span>ill\u201d <span class=\"_ _1d\"> </span>emesso <span class=\"_ _1d\"> </span>dall\u2019Inter<span class=\"_ _1\"></span>national </span></span>Organization <span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>f <span class=\"_ _0\"></span>Securities <span class=\"_ _0\"></span>Commissi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ns <span class=\"_ _0\"></span>(\u201cI<span class=\"_ _1\"></span>OSCO\u201d <span class=\"_ _0\"></span>- <span class=\"_ _0\"></span>organizzaz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>inter<span class=\"_ _1\"></span>nazionale c<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>riu<span class=\"_ _1\"></span>nisce <span class=\"_ _0\"></span>le Autorit\u00e0  di  Vig<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>anza  sui  mer<span class=\"_ _1\"></span>cati  f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziari)  del  d<span class=\"_ _3\"></span>ic<span class=\"_ _0\"></span>embre  2023,  richiamato  anche  da  Consob, contenente r<span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>comandazioni <span class=\"_ _0\"></span>sulla contabilizzazion<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>dell\u2019avviamento <span class=\"_ _0\"></span>destinate agli <span class=\"_ _0\"></span>emittenti, agli audit <span class=\"_ _5\"></span>commi<span class=\"_ _0\"></span>ttee<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>(ai <span class=\"_ _5\"></span>responsabili <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>gov<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>nance <span class=\"_ _b\"></span>del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>impresa<span class=\"_ _1\"></span>) <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>ai <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>visori <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ali.<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>Le raccomandazioni <span class=\"_ _0\"></span>intendono <span class=\"_ _0\"></span>contribuire <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>migliora<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>\u2019af<span class=\"_ _1\"></span>fidabilit\u00e0, <span class=\"_ _b\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>dele <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentazione<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>la<span class=\"_ _4a1\"> </span>trasparenza dell\u2019informati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a finanziaria sull\u2019a<span class=\"_ _1\"></span>vviamento cos\u00ec come contabil<span class=\"_ _1\"></span>izzato e rappresentato nei bilanci. Il <span class=\"_ _f\"> </span>Bilancio <span class=\"_ _6\"></span>consolidato <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>stato <span class=\"_ _f\"></span>redatto<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>nella <span class=\"_ _f\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>osp<span class=\"_ _1\"></span>ettiva <span class=\"_ _f\"> </span>della <span class=\"_ _6\"></span>continuit\u00e0 <span class=\"_ _f\"> </span>dell\u2019attivit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>aziendale, <span class=\"_ _f\"> </span>che appa<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>appropriata <span class=\"_ _c\"> </span>alla <span class=\"_ _c\"> </span>luce <span class=\"_ _c\"> </span>dell\u2019andamento <span class=\"_ _c\"> </span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>prospett<span class=\"_ _1\"></span>ive <span class=\"_ _c\"> </span>aziendali, <span class=\"_ _c\"> </span>secondo <span class=\"_ _c\"> </span>il principio della <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabilizzazione p<span class=\"_ _1\"></span>er competenza e<span class=\"_ _3\"></span>conomica, nel<span class=\"_ _1\"></span> rispetto <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incipi<span class=\"_ _1\"></span>o di ri<span class=\"_ _1\"></span>levanza e d<span class=\"_ _1\"></span>i significativit\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019informazione <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>prevalenza <span class=\"_ _0\"></span>della <span class=\"_ _b\"></span>sostanza <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>lla <span class=\"_ _0\"></span>forma. <span class=\"_ _b\"></span>Non <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>stati <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>levati eventi <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>circostanze <span class=\"_ _5\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ltino <span class=\"_ _5\"></span>essere <span class=\"_ _6\"></span>sig<span class=\"_ _1\"></span>nificativi <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>che <span class=\"_ _6\"></span>possano <span class=\"_ _5\"></span>generare <span class=\"_ _5\"></span>dubbi <span class=\"_ _6\"></span>sulla <span class=\"_ _5\"></span>continuit\u00e0 aziendale. Gli <span class=\"_ _0\"></span>schemi rip<span class=\"_ _1\"></span>ortano, o<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e agli importi relativi <span class=\"_ _0\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>periodo<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di riferimento, anche i c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rrispondenti <span class=\"_ _0\"></span>dati<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di raffronto riferiti al <span class=\"_ _1\"></span>31 dicembre 202<span class=\"_ _1\"></span>3. In <span class=\"_ _6\"></span>conformit\u00e0 <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>disposto <span class=\"_ _6\"></span>dall\u2019art. <span class=\"_ _6\"></span>5, <span class=\"_ _5\"></span>comma <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>Decreto <span class=\"_ _5\"></span>L<span class=\"_ _0\"></span>egislat<span class=\"_ _1\"></span>ivo <span class=\"_ _6\"></span>n. <span class=\"_ _5\"></span>3<span class=\"_ _0\"></span>8 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>28<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>bbraio 2005, il bilancio \u00e8 re<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>atto ut<span class=\"_ _1\"></span>ilizzando l\u2019Eur<span class=\"_ _1\"></span>o come moneta di conto. Se non diversamente spe<span class=\"_ _3\"></span>cific<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> gli i<span class=\"_ _1\"></span>mporti del Bilancio <span class=\"_ _1\"></span>consolidato sono e<span class=\"_ _1\"></span>sposti in migliaia d<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>E<span class=\"_ _1\"></span>uro. Nello <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>patrimoniale <span class=\"_ _3\"></span>consolidato, <span class=\"_ _3\"></span>nel <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>onto <span class=\"_ _3\"></span>econ<span class=\"_ _1\"></span>omico <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>prospett<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>redditivit\u00e0 consolidata <span class=\"_ _1\"></span>complessiva <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>stati <span class=\"_ _1\"></span>indicati <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>conti che <span class=\"_ _3\"></span>presen<span class=\"_ _0\"></span>tan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>saldi a <span class=\"_ _3\"></span>zero<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in entrambi i <span class=\"_ _3\"></span>periodi confrontati. Anal<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>game<span class=\"_ _1\"></span>nte, nella <span class=\"_ _3\"></span>no<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>integrativa c<span class=\"_ _1\"></span>onsolidata <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>on s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _3\"></span>state presentate <span class=\"_ _3\"></span>le sezioni <span class=\"_ _1\"></span>e/o le tabelle che non <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontengo<span class=\"_ _1\"></span>no <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lcun valore. Compensazioni tra atti<span class=\"_ _1\"></span>vit\u00e0 e passivit\u00e0 e tra costi e r<span class=\"_ _1\"></span>icavi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>sono<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>fettuate s<span class=\"_ _1\"></span>olo se richiesto o consentito da un principio <span class=\"_ _1\"></span>o da una sua interpretazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e.<span class=\"_ _1\"></span> In <span class=\"_ _f\"> </span>rel<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione  al<span class=\"_ _3\"></span>  rendic<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nto <span class=\"_ _f\"> </span>finanziario<span class=\"_ _1\"></span>  c<span class=\"_ _1\"></span>onsolidato, <span class=\"_ _f\"> </span>come <span class=\"_ _f\"> </span>previsto  dall<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>IAS <span class=\"_ _f\"> </span>7 <span class=\"_ _f\"> </span>paragr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>  45<span class=\"_ _1\"></span>  e <span class=\"_ _f\"> </span>46, <span class=\"_ _f\"> </span>la riconciliazione <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nsidera <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>voci <span class=\"_ _f\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>cassa <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>conto <span class=\"_ _f\"> </span>corren<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>(a <span class=\"_ _f\"> </span>vista <span class=\"_ _f\"> </span>e <span class=\"_ _f\"></span>non <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>vi<span class=\"_ _0\"></span>sta) <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>inizio <span class=\"_ _f\"> </span>e <span class=\"_ _f\"></span>fine esercizio quale a<span class=\"_ _1\"></span>ggregato relativ<span class=\"_ _1\"></span>o al cosiddetto \u201c<span class=\"_ _1\"></span>cash equiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lent\u201d. Inoltre,  il  re<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>diconto  f<span class=\"_ _1\"></span>inanziario  a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>coglie <span class=\"_ _f\"> </span>n<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a  v<span class=\"_ _1\"></span>oce  \u201cLiquidit\u00e0  t<span class=\"_ _3\"></span>otale  netta  generata/a<span class=\"_ _1\"></span>ssorbita  nel<span class=\"_ _1\"></span> periodo\u201d <span class=\"_ _6\"></span>anche <span class=\"_ _5\"></span>l\u2019assorbimento <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>liquidit\u00e0 <span class=\"_ _6\"></span>derivan<span class=\"_ _3\"></span>te <span class=\"_ _6\"></span>dall<span class=\"_ _0\"></span>\u2019i<span class=\"_ _1\"></span>nvestimento <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>depositi <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>sc<span class=\"_ _0\"></span>ade<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _5\"></span>(\u201ctime deposit\u201d) effettuati <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ell\u2019eser<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>izio e pa<span class=\"_ _1\"></span>ri a circa Euro 122,6 <span class=\"_ _1\"></span>milioni al 31 dice<span class=\"_ _1\"></span>mbre 2024.<span class=\"_ _1\"></span> Global minimum tax<span class=\"_ _3\"></span> Con il D.L<span class=\"_ _1\"></span>gs. n. <span class=\"_ _1\"></span>209 del <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7 di<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>embre<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>2023<span class=\"_ _1\"></span> \u00e8 stata <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>epita i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> Italia<span class=\"_ _3\"></span> la Direttiva <span class=\"_ _3\"></span>U<span class=\"_ _0\"></span>E n<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span> 252<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>/2022<span class=\"_ _1\"></span> che, i<span class=\"_ _1\"></span>n attuazione delle norme <span class=\"_ _0\"></span>tip<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> globali di <span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>tta contro l'erosion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>della base imponibile \u2014 secondo <span class=\"_ _0\"></span>pilastr<span class=\"_ _3\"></span>o (\u201c<span class=\"ff5\">Tax <span class=\"_ _6\"></span>Challenge<span class=\"_ _1\"></span>s <span class=\"_ _6\"></span>Arising<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>rom <span class=\"_ _5\"></span>the <span class=\"_ _b\"></span>Digitalisation <span class=\"_ _5\"></span>of <span class=\"_ _6\"></span>the <span class=\"_ _5\"></span>Economy <span class=\"_ _5\"></span>\u2014 <span class=\"_ _6\"></span>Global <span class=\"_ _5\"></span>Anti- <span class=\"_ _5\"></span>Base <span class=\"_ _b\"></span>E<span class=\"_ _0\"></span>rosion <span class=\"_ _5\"></span>Model <span class=\"_ _5\"></span>Rules </span>(Pillar Two<span class=\"ff2\">)\u201d<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ado<span class=\"_ _0\"></span>ttate<span class=\"_ _1\"></span> a <span class=\"_ _3\"></span>fine 2021 dal<span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>O<span class=\"_ _1\"></span>CSE, <span class=\"_ _1\"></span>ha istit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ito <span class=\"_ _3\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>sistema di <span class=\"_ _1\"></span>reg<span class=\"_ _1\"></span>ole comun<span class=\"_ _1\"></span>i intese <span class=\"_ _1\"></span>a ga<span class=\"_ _3\"></span>ran<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e </span>un livello minimo di impo<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>ne globale del 15%<span class=\"_ _1\"></span> (c.d. \u201c<span class=\"ff5\">Global minimum ta<span class=\"_ _3\"></span>x<span class=\"_ _0\"></span><span class=\"ff2\">\u201d) p<span class=\"_ _1\"></span>er i gruppi multi<span class=\"_ _1\"></span>nazionali </span></span>e i <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rupp<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>nali su la<span class=\"_ _3\"></span>rg<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>scala che p<span class=\"_ _1\"></span>resentan<span class=\"_ _1\"></span>o ric<span class=\"_ _1\"></span>avi complessi<span class=\"_ _1\"></span>vi s<span class=\"_ _1\"></span>uperiori a <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>750 mi<span class=\"_ _1\"></span>lioni l<span class=\"_ _1\"></span>\u2019anno. Nello sp<span class=\"_ _3\"></span>ecifico, <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>ne <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>raggiu<span class=\"_ _1\"></span>ngere <span class=\"_ _3\"></span>tale <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>biett<span class=\"_ _1\"></span>ivo, <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>.Lgs. <span class=\"_ _8\"></span>n<span class=\"_ _0\"></span>. <span class=\"_ _3\"></span>209/2023 <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>introdotto, <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>decorrenza 1\u00b0 gennaio 2024, una imp<span class=\"_ _3\"></span>osi<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne inte<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rativa p<span class=\"_ _1\"></span>relevata att<span class=\"_ _1\"></span>raver<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>:<span class=\"_ _1\"></span> a)<span class=\"ff4 fs5\"> <span class=\"_ _1c\"> </span></span>l'im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>osta <span class=\"_ _0\"></span>minima n<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>nale <span class=\"_ _0\"></span>(c.d. <span class=\"_ _0\"></span>\u201c<span class=\"ff5\">Qualifi<span class=\"_ _1\"></span>ed Domestic Minimum <span class=\"_ _0\"></span>Top-Up Tax<span class=\"_ _0\"></span>- Q<span class=\"_ _0\"></span>D<span class=\"_ _1\"></span>MTT\u201d<span class=\"ff2\">), d<span class=\"_ _0\"></span>ovuta in </span></span>relazione <span class=\"_ _15\"> </span>alle <span class=\"_ _d\"> </span>imprese <span class=\"_ _1f\"> </span>di <span class=\"_ _d\"> </span>un <span class=\"_ _1f\"> </span>g<span class=\"_ _0\"></span>rupp<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>multinazio<span class=\"_ _1\"></span>nale <span class=\"_ _15\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>nazionale <span class=\"_ _15\"> </span>sogg<span class=\"_ _0\"></span>ette <span class=\"_ _1f\"> </span>ad <span class=\"_ _15\"> </span>una <span class=\"_ _15\"> </span>bassa imposizione <span class=\"_ _6\"></span>localizzate <span class=\"_ _6\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Italia, <span class=\"_ _f\"> </span>le <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>re<span class=\"_ _1\"></span>gole <span class=\"_ _f\"></span>di <span class=\"_ _6\"></span>attuazione <span class=\"_ _6\"></span>sono <span class=\"_ _f\"> </span>co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tenute <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>Decreto <span class=\"_ _f\"> </span>del Ministero dell\u2019Ec<span class=\"_ _1\"></span>onomia e delle Fina<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ze del<span class=\"_ _1\"></span> 1\u00b0 luglio 2024;<span class=\"_ _3\"></span> b)<span class=\"ff4 fs5\"> <span class=\"_ _18\"> </span></span>l'<span class=\"_ _0\"></span>imp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sta <span class=\"_ _3\"></span>minima <span class=\"_ _8\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rativa, <span class=\"_ _3\"></span>dovuta <span class=\"_ _3\"></span>da <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntrollanti <span class=\"_ _8\"></span>l<span class=\"_ _0\"></span>ocalizza<span class=\"_ _1\"></span>te <span class=\"_ _3\"></span>in It<span class=\"_ _1\"></span>alia <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>g<span class=\"_ _0\"></span>rupp<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>multin<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ionali o <span class=\"_ _c\"> </span>nazi<span class=\"_ _1\"></span>onali <span class=\"_ _c\"> </span>i<span class=\"_ _1\"></span>n  r<span class=\"_ _0\"></span>elazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e  alle <span class=\"_ _c\"> </span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>prese  soggette  ad<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>una  bassa <span class=\"_ _c\"> </span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>posizi<span class=\"_ _3\"></span>one <span class=\"_ _c\"> </span>facent<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>parte  del gruppo, <span class=\"_ _f\"> </span>tenendo<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>conto <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nto <span class=\"_ _f\"> </span>eventualmente <span class=\"_ _6\"></span>prelev<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span>  a<span class=\"_ _1\"></span>ttraverso <span class=\"_ _f\"> </span>u<span class=\"_ _1\"></span>na <span class=\"_ _f\"> </span>imposta <span class=\"_ _6\"></span>minima nazionale (c.d. \u201c<span class=\"ff5\">IIR \u2013 In<span class=\"_ _1\"></span>come Inclusion Rule<span class=\"_ _1\"></span>\u201d<span class=\"ff2\">); </span></span>c)<span class=\"ff4 fs5\"> <span class=\"_ _21\"> </span></span>l'i<span class=\"_ _0\"></span>mp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sta <span class=\"_ _16\"> </span>minima <span class=\"_ _1f\"> </span>su<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>eti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a, <span class=\"_ _16\"> </span>dovuta <span class=\"_ _1f\"> </span>da <span class=\"_ _1f\"> </span>una <span class=\"_ _1f\"> </span>o <span class=\"_ _15\"> </span>p<span class=\"_ _1\"></span>i\u00f9 <span class=\"_ _15\"> </span>imprese<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>un <span class=\"_ _1f\"> </span>gruppo <span class=\"_ _1f\"> </span>multinazionale loc<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>izzate <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>Italia <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>relazione <span class=\"_ _6\"></span>alle <span class=\"_ _5\"></span>imprese <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>ace<span class=\"_ _3\"></span>nti <span class=\"_ _6\"></span>parte <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>so<span class=\"_ _1\"></span>gg<span class=\"_ _0\"></span>ette <span class=\"_ _5\"></span>ad <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>bassa imposizione <span class=\"_ _f\"> </span>quand<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>stata <span class=\"_ _f\"> </span>ap<span class=\"_ _1\"></span>plicata, <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>tutto <span class=\"_ _f\"> </span>o <span class=\"_ _f\"></span>in <span class=\"_ _f\"> </span>parte<span class=\"_ _1\"></span>, <span class=\"_ _f\"> </span>l'imposta <span class=\"_ _f\"></span>mi<span class=\"_ _1\"></span>nim<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>integrativa equivalente in alt<span class=\"_ _1\"></span>ri Paesi (c.d. \u201c<span class=\"ff5\">Undertaxed Profit<span class=\"_ _3\"></span> Rule - UTPR\u201d<span class=\"ff2\">). </span></span>Inoltre, <span class=\"_ _b\"></span>con <span class=\"_ _5\"></span>D<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ret<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Ministero <span class=\"_ _5\"></span>dell\u2019Ec<span class=\"_ _1\"></span>onomia <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>delle <span class=\"_ _5\"></span>Finanze <span class=\"_ _5\"></span>del <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>0 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ggio<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>024 <span class=\"_ _b\"></span>sono <span class=\"_ _5\"></span>stati implementati i c<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>d. r<span class=\"_ _0\"></span>egimi<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>transitori <span class=\"_ _0\"></span>se<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>plif<span class=\"_ _1\"></span>icati d<span class=\"_ _0\"></span>a rendicontazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne paese <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>paese (c.d. <span class=\"_ _0\"></span>\u201c<span class=\"ff5\">Country<span class=\"_ _3\"></span> </span>by Country Repor<span class=\"_ _1\"></span>ting Transition<span class=\"_ _1\"></span>al Safe Harb<span class=\"_ _1\"></span>ours <span class=\"_ _1\"></span>\u2013 CbC<span class=\"_ _1\"></span>r TSH\u201d<span class=\"ff2\">). Si tratta<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>un sistema<span class=\"_ _1\"></span> di regole basato<span class=\"_ _3\"></span> </span>principalmente sulle <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nformazioni contabili disponibili <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>ogni giurisdizione rilevante ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>caso di <span class=\"_ _6\"></span>superamento <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>alm<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>uno <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>tre <span class=\"_ _6\"></span>test <span class=\"_ _5\"></span>previsti, <span class=\"_ _5\"></span>comporta, <span class=\"_ _6\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _6\"></span>primi <span class=\"_ _6\"></span>tre <span class=\"_ _6\"></span>eser<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>izi <span class=\"_ _5\"></span>successivi all\u2019entrata <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>gore <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>no<span class=\"_ _1\"></span>rmativa, l<span class=\"_ _3\"></span>\u2019azzeramento <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>imposte <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>sec<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndo <span class=\"_ _3\"></span>pilastro <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>uzione degli oneri da adempi<span class=\"_ _1\"></span>mento.  A <span class=\"_ _0\"></span>far <span class=\"_ _b\"></span>data <span class=\"_ _0\"></span>1\u00b0 <span class=\"_ _0\"></span>gennaio <span class=\"_ _0\"></span>2024, <span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Gruppo <span class=\"_ _0\"></span>A<span class=\"_ _1\"></span>nima, <span class=\"_ _0\"></span>quale <span class=\"_ _0\"></span>gruppo <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>nale <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>ricavi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>nui <span class=\"_ _0\"></span>superi<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span> Euro 750 <span class=\"_ _1\"></span>milioni pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> al<span class=\"_ _1\"></span>meno due<span class=\"_ _1\"></span> dei quattro<span class=\"_ _1\"></span> eserci<span class=\"_ _3\"></span>zi prec<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>rientra nel<span class=\"_ _1\"></span> campo <span class=\"_ _1\"></span>di app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazione della legislazione <span class=\"_ _1\"></span>del secondo pilast<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o.  Il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>ha <span class=\"_ _5\"></span>pertanto<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>effettuato, <span class=\"_ _b\"></span>sulla <span class=\"_ _b\"></span>base <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>dati <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ons<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ntivi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>dell\u2019esercizio <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>hius<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>31 dicembre 2024, i <span class=\"_ _0\"></span>test pr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>isti<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dai<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>regimi <span class=\"_ _0\"></span>tra<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ri semplificati con riguardo all\u2019unica giurisdizione (Italia) in cui sono localizzate tutte le entit\u00e0 del Gruppo (e le entit\u00e0 a con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollo congiunt<span class=\"_ _1\"></span>o in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ase al D.Lgs. <span class=\"_ _b\"></span>n. <span class=\"_ _b\"></span>209); <span class=\"_ _b\"></span>almeno <span class=\"_ _0\"></span>uno <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>test <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>sulta <span class=\"_ _b\"></span>soddisfa<span class=\"_ _3\"></span>tto<span class=\"_ _0\"></span>, <span class=\"_ _b\"></span>con <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nseguente <span class=\"_ _0\"></span>possibili<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>Gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o Anima di beneficia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e del re<span class=\"_ _1\"></span>gime transito<span class=\"_ _1\"></span>rio<span class=\"_ _0\"></span> pe<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>l\u2019es<span class=\"_ _1\"></span>erci<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>2024.   Alla <span class=\"_ _f\"> </span>data <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>chiusura <span class=\"_ _f\"> </span>dell\u2019ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>24 <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>risul<span class=\"_ _1\"></span>ta <span class=\"_ _f\"> </span>alcuna <span class=\"_ _f\"> </span>esposizione <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>G<span class=\"_ _1\"></span>ruppo <span class=\"_ _f\"> </span>Anima <span class=\"_ _f\"> </span>alle imposte del se<span class=\"_ _1\"></span>condo pilastro. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-448": {
   "value": "Il <span class=\"_ _f\"> </span>Bilancio <span class=\"_ _6\"></span>consolidato <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>stato <span class=\"_ _f\"></span>redatto<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>nella <span class=\"_ _f\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>osp<span class=\"_ _1\"></span>ettiva <span class=\"_ _f\"> </span>della <span class=\"_ _6\"></span>continuit\u00e0 <span class=\"_ _f\"> </span>dell\u2019attivit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>aziendale, <span class=\"_ _f\"> </span>che appa<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>appropriata <span class=\"_ _c\"> </span>alla <span class=\"_ _c\"> </span>luce <span class=\"_ _c\"> </span>dell\u2019andamento <span class=\"_ _c\"> </span>ec<span class=\"_ _1\"></span>onomico <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>prospett<span class=\"_ _1\"></span>ive <span class=\"_ _c\"> </span>aziendali, <span class=\"_ _c\"> </span>secondo <span class=\"_ _c\"> </span>il principio della <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabilizzazione p<span class=\"_ _1\"></span>er competenza e<span class=\"_ _3\"></span>conomica, nel<span class=\"_ _1\"></span> rispetto <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incipi<span class=\"_ _1\"></span>o di ri<span class=\"_ _1\"></span>levanza e d<span class=\"_ _1\"></span>i significativit\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019informazione <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>prevalenza <span class=\"_ _0\"></span>della <span class=\"_ _b\"></span>sostanza <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>lla <span class=\"_ _0\"></span>forma. <span class=\"_ _b\"></span>Non <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>stati <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>levati eventi <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>circostanze <span class=\"_ _5\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ltino <span class=\"_ _5\"></span>essere <span class=\"_ _6\"></span>sig<span class=\"_ _1\"></span>nificativi <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>che <span class=\"_ _6\"></span>possano <span class=\"_ _5\"></span>generare <span class=\"_ _5\"></span>dubbi <span class=\"_ _6\"></span>sulla <span class=\"_ _5\"></span>continuit\u00e0 aziendale. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-520": {
   "value": "<div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3e\">In <span class=\"_ _6\"></span>conformit\u00e0 <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>disposto <span class=\"_ _6\"></span>dall\u2019art. <span class=\"_ _6\"></span>5, <span class=\"_ _5\"></span>comma <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>Decreto <span class=\"_ _5\"></span>L<span class=\"_ _0\"></span>egislat<span class=\"_ _1\"></span>ivo <span class=\"_ _6\"></span>n. <span class=\"_ _5\"></span>3<span class=\"_ _0\"></span>8 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>28<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>bbraio </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3f\">2005, il bilancio \u00e8 re<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>atto ut<span class=\"_ _1\"></span>ilizzando l\u2019Eur<span class=\"_ _1\"></span>o come moneta di conto. </div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-447": {
   "value": "<div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs41\">In <span class=\"_ _f\"> </span>rel<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione  al<span class=\"_ _3\"></span>  rendic<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nto <span class=\"_ _f\"> </span>finanziario<span class=\"_ _1\"></span>  c<span class=\"_ _1\"></span>onsolidato, <span class=\"_ _f\"> </span>come <span class=\"_ _f\"> </span>previsto  dall<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>IAS <span class=\"_ _f\"> </span>7 <span class=\"_ _f\"> </span>paragr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>  45<span class=\"_ _1\"></span>  e <span class=\"_ _f\"> </span>46, <span class=\"_ _f\"> </span>la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs42\">riconciliazione <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nsidera <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>voci <span class=\"_ _f\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>cassa <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>conto <span class=\"_ _f\"> </span>corren<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>(a <span class=\"_ _f\"> </span>vista <span class=\"_ _f\"> </span>e <span class=\"_ _f\"></span>non <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>vi<span class=\"_ _0\"></span>sta) <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>inizio <span class=\"_ _f\"> </span>e <span class=\"_ _f\"></span>fine </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs43\">esercizio quale a<span class=\"_ _1\"></span>ggregato relativ<span class=\"_ _1\"></span>o al cosiddetto \u201c<span class=\"_ _1\"></span>cash equiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lent\u201d. </div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-8": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 3 \u2013 Eventi successivi alla data di riferimento<span class=\"_ _1\"></span> de<span class=\"_ _0\"></span>l Bilancio consolidato<span class=\"_ _3\"></span> Alla  data <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _f\"> </span>4<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>marzo  2025,  data<span class=\"_ _1\"></span>  di  appr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne  del<span class=\"_ _1\"></span>  presente <span class=\"_ _f\"> </span>Bil<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>cio  c<span class=\"_ _1\"></span>onsolidato  da  parte<span class=\"_ _3\"></span>  d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> Consiglio <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>Amministrazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>Anima <span class=\"_ _b\"></span>Holding <span class=\"_ _b\"></span>S.p.A. <span class=\"_ _b\"></span>(di <span class=\"_ _5\"></span>seguito <span class=\"_ _b\"></span>\u201cAnima <span class=\"_ _b\"></span>Holding\u201d, <span class=\"_ _5\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>\u201cCapogruppo\u201d, l\u2019\u201cEmittente\u201d <span class=\"_ _b\"></span>o <span class=\"_ _5\"></span>la <span class=\"_ _b\"></span>\u201c<span class=\"_ _0\"></span>So<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0\u201d<span class=\"_ _1\"></span>), <span class=\"_ _b\"></span>non <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>intervenuti <span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>enti<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>che <span class=\"_ _b\"></span>co<span class=\"_ _0\"></span>mp<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>no <span class=\"_ _5\"></span>rettifiche <span class=\"_ _b\"></span>o <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>richieda<span class=\"_ _1\"></span>no una modifica di val<span class=\"_ _1\"></span>ori di attivit\u00e0 e passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 o<span class=\"_ _1\"></span>vvero <span class=\"_ _1\"></span>menzione nella nota i<span class=\"_ _1\"></span>ntegrativa consolidata. <span class=\"_ _1\"></span> Si segnala che:<span class=\"_ _1\"></span> \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>c<span class=\"_ _0\"></span>on rife<span class=\"_ _1\"></span>rimento alle societ\u00e0 <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontrollate s<span class=\"_ _3\"></span>i segnala che: o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">in <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>12 <span class=\"_ _3\"></span>febbraio <span class=\"_ _3\"></span>2025 <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>Consiglio <span class=\"_ _3\"></span>di A<span class=\"_ _1\"></span>mmi<span class=\"_ _1\"></span>nistr<span class=\"_ _0\"></span>az<span class=\"_ _3\"></span>ion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> della <span class=\"_ _3\"></span>controllata <span class=\"_ _3\"></span>indiretta<span class=\"_ _1\"></span> Vita<span class=\"_ _1\"></span> </span></span>S.r.l. <span class=\"_ _b\"></span>(<span class=\"_ _0\"></span>\u201cVita <span class=\"_ _b\"></span>Srl\") <span class=\"_ _b\"></span>h<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>approvato <span class=\"_ _b\"></span>il <span class=\"_ _5\"></span>progetto <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>bi<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>io <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>\u2019ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>3<span class=\"_ _0\"></span>1 <span class=\"_ _b\"></span>dicembre <span class=\"_ _b\"></span>2024, attesta<span class=\"_ _1\"></span>nte un<span class=\"_ _0\"></span>a per<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ita netta p<span class=\"_ _1\"></span>ari a circa Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o 456 <span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>la;<span class=\"_ _3\"></span> o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">in <span class=\"_ _3\"></span>data <span class=\"_ _3\"></span>13 <span class=\"_ _3\"></span>febbraio <span class=\"_ _3\"></span>2025 <span class=\"_ _8\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _8\"></span>C<span class=\"_ _0\"></span>onsi<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>lio <span class=\"_ _8\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Ammin<span class=\"_ _1\"></span>istrazione <span class=\"_ _3\"></span>della <span class=\"_ _8\"></span>con<span class=\"_ _0\"></span>trol<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>retta <span class=\"_ _3\"></span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima<span class=\"_ _3\"></span> </span></span>Alternative <span class=\"_ _16\"> </span>SGR <span class=\"_ _16\"> </span>S.p.A. <span class=\"_ _16\"> </span>(\u201cAnima<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>Alternative\") <span class=\"_ _16\"> </span>ha <span class=\"_ _c\"> </span>approv<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>il <span class=\"_ _16\"> </span>progetto <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>bilancio d\u2019esercizio al 31 <span class=\"_ _1\"></span>dic<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mbre 2024, attestante un <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tile<span class=\"_ _1\"></span> netto pari a circa Euro<span class=\"_ _1\"></span> 3 milioni; o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">in <span class=\"_ _c\"> </span>data  1<span class=\"_ _0\"></span>9  febbraio  2025<span class=\"_ _0\"></span>  il  Consiglio <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>A<span class=\"_ _3\"></span>mm<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ist<span class=\"_ _1\"></span>razion<span class=\"_ _0\"></span>e  della  controllata <span class=\"_ _c\"> </span>di<span class=\"_ _1\"></span>retta </span></span>Kairos <span class=\"_ _e\"> </span>Partners <span class=\"_ _d\"> </span>SGR <span class=\"_ _d\"> </span>S.p.A. <span class=\"_ _e\"> </span>(\u201cKai<span class=\"_ _1\"></span>ros <span class=\"_ _e\"> </span>SGR\u201d) <span class=\"_ _15\"> </span>ha <span class=\"_ _e\"> </span>app<span class=\"_ _1\"></span>rov<span class=\"_ _0\"></span>ato <span class=\"_ _d\"> </span>il <span class=\"_ _e\"> </span>progett<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>bilan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io d\u2019esercizio al 31 <span class=\"_ _1\"></span>dic<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mbre 2024, che registra <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n util<span class=\"_ _1\"></span>e netto pari a circa Euro 75<span class=\"_ _1\"></span>5 mila; o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">in <span class=\"_ _3\"></span>data <span class=\"_ _3\"></span>20 <span class=\"_ _3\"></span>febbraio <span class=\"_ _3\"></span>2025 <span class=\"_ _8\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _8\"></span>C<span class=\"_ _0\"></span>onsi<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>lio <span class=\"_ _8\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Ammin<span class=\"_ _1\"></span>istrazione <span class=\"_ _3\"></span>della <span class=\"_ _8\"></span>con<span class=\"_ _0\"></span>trol<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>retta <span class=\"_ _3\"></span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima<span class=\"_ _3\"></span> </span></span>SGR <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>\u201cAnima <span class=\"_ _3\"></span>SGR\u201d) <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>approvato <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>progetto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>d\u2019esercizio <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cembre 2024, che registra <span class=\"_ _1\"></span>un utile netto pa<span class=\"_ _1\"></span>ri a circa Euro 252,5 milio<span class=\"_ _1\"></span>ni; o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">in data <span class=\"_ _0\"></span>3 marzo 2025 <span class=\"_ _0\"></span>il Consigli<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>di Amministrazi<span class=\"_ _3\"></span>one <span class=\"_ _0\"></span>della controllata diretta Castello </span></span>SGR <span class=\"_ _16\"> </span>S.p.A.<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>(\u201cCastell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>SGR\u201d) <span class=\"_ _c\"> </span>h<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>approvato <span class=\"_ _c\"> </span>il <span class=\"_ _16\"> </span>progetto <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>bi<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cio <span class=\"_ _c\"> </span>d\u2019esercizio<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>al <span class=\"_ _c\"> </span>31 dicembre 2024, atte<span class=\"_ _1\"></span>stante un utile <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>etto pari a <span class=\"_ _1\"></span>circa Euro 2 milioni<span class=\"_ _1\"></span>; \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>i<span class=\"_ _0\"></span>n  dat<span class=\"_ _1\"></span>a  17 <span class=\"_ _f\"> </span>febbraio  20<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5  (<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>fr. <span class=\"_ _f\"> </span>comunicato <span class=\"_ _f\"> </span>stampa  \u201cVariazione <span class=\"_ _f\"> </span>del  capitale <span class=\"_ _f\"> </span>sociale\u201d  del <span class=\"_ _f\"> </span>17 febbraio <span class=\"_ _5\"></span>2025) <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>avve<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uto <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>epos<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>to <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ell\u2019attesta<span class=\"_ _3\"></span>zione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>emissione <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span> <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>\u00b0 <span class=\"_ _5\"></span>5.899.814 <span class=\"_ _5\"></span>nuove azioni <span class=\"_ _1\"></span>ordinarie, <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>odime<span class=\"_ _1\"></span>nto <span class=\"_ _1\"></span>regolare, a<span class=\"_ _1\"></span>l ser<span class=\"_ _1\"></span>vizio del <span class=\"_ _3\"></span>piano di <span class=\"_ _3\"></span>incen<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>ne azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>aria <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>medio-<span class=\"_ _4a1\"> </span>lungo <span class=\"_ _5\"></span>termine <span class=\"_ _6\"></span>appro<span class=\"_ _1\"></span>vato <span class=\"_ _5\"></span>dall\u2019Assemblea <span class=\"_ _5\"></span>ordinaria<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Anima <span class=\"_ _5\"></span>Holding<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>28 <span class=\"_ _5\"></span>m<span class=\"_ _0\"></span>arz<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>20<span class=\"_ _0\"></span>24 (\u201cLTIP <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>-26\u201d) <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>massimi <span class=\"_ _0\"></span>nominali <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>129.795,91, <span class=\"_ _b\"></span>mediante <span class=\"_ _0\"></span>imp<span class=\"_ _1\"></span>utazione <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>capitale <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>un<span class=\"_ _1\"></span> importo <span class=\"_ _c\"> </span>di  corrispondente <span class=\"_ _c\"> </span>amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nta<span class=\"_ _1\"></span>re <span class=\"_ _c\"> </span>tratto <span class=\"_ _c\"> </span>dal<span class=\"_ _3\"></span>le <span class=\"_ _c\"> </span>riserve <span class=\"_ _c\"> </span>disponibil<span class=\"_ _1\"></span>i, <span class=\"_ _c\"> </span>in  esecuzione <span class=\"_ _c\"> </span>della delibera <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>aumento <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _17\"> </span>sociale <span class=\"_ _17\"> </span>a <span class=\"_ _17\"> </span>titolo <span class=\"_ _17\"> </span>gratuito <span class=\"_ _17\"> </span>app<span class=\"_ _1\"></span>ro<span class=\"_ _0\"></span>vata <span class=\"_ _1b\"> </span>d<span class=\"_ _0\"></span>al <span class=\"_ _1b\"> </span>Consiglio <span class=\"_ _17\"> </span>di Amministrazione <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>5 <span class=\"_ _6\"></span>febbraio <span class=\"_ _6\"></span>2025 <span class=\"_ _6\"></span>(cfr. <span class=\"_ _6\"></span>comunicato <span class=\"_ _5\"></span>stampa <span class=\"_ _6\"></span>\u201cRisultati <span class=\"_ _5\"></span>consolidati <span class=\"_ _6\"></span>per l\u2019esercizio <span class=\"_ _f\"> </span>2024\u201d <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>5 <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>braio <span class=\"_ _f\"> </span>2025), <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _f\"> </span>parziale <span class=\"_ _f\"> </span>eserc<span class=\"_ _0\"></span>izi<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ell\u2019auto<span class=\"_ _1\"></span>rizzazione <span class=\"_ _f\"> </span>conferita <span class=\"_ _6\"></span>ai sensi dell\u2019art. 244<span class=\"_ _1\"></span>3 C.C. dall\u2019Assem<span class=\"_ _1\"></span>blea Straordinar<span class=\"_ _1\"></span>ia degli Azionisti del <span class=\"_ _1\"></span>28 marzo 2024. <span class=\"_ _3\"></span> Pertanto, <span class=\"_ _1b\"> </span>alla <span class=\"_ _19\"> </span>data <span class=\"_ _19\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _19\"> </span>approv<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _19\"> </span>d<span class=\"fsd\">el <span class=\"_ _1b\"> </span>proget<span class=\"_ _3\"></span>to <span class=\"_ _1b\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _1b\"> </span>B<span class=\"_ _0\"></span>ila<span class=\"_ _1\"></span>ncio <span class=\"_ _19\"> </span>d<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _1b\"> </span>parte <span class=\"_ _1b\"> </span>del <span class=\"_ _19\"> </span>Consiglio <span class=\"_ _19\"> </span>di </span>Amministrazi<span class=\"_ _1\"></span>one, <span class=\"_ _19\"> </span>il<span class=\"_ _1\"></span> <span class=\"_ _19\"> </span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _e\"> </span>sociale <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>Anima <span class=\"_ _19\"> </span>Ho<span class=\"_ _1\"></span>lding <span class=\"_ _19\"> </span><span class=\"fs2\">\u00e8<span class=\"_ _1\"></span> <span class=\"_ _19\"> </span>pari <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>Euro <span class=\"_ _e\"> </span>7.421.605,63 <span class=\"_ _e\"> </span>ed <span class=\"_ _19\"> </span>\u00e8 </span>rappresentato da n\u00b0 3<span class=\"_ _1\"></span>25.215.817 azioni o<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>dinarie p<span class=\"_ _1\"></span>riv<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>valore nominale<span class=\"_ _1\"></span>.  Si <span class=\"_ _d\"> </span>segnala <span class=\"_ _15\"> </span>inoltr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>che, <span class=\"_ _15\"> </span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ficate <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>Condizi<span class=\"_ _1\"></span>oni <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _d\"> </span>Permane<span class=\"_ _1\"></span>nza, <span class=\"_ _15\"> </span>sono <span class=\"_ _d\"> </span>state <span class=\"_ _d\"> </span>attribuite <span class=\"_ _d\"> </span>ai Beneficiari <span class=\"_ _f\"> </span>n\u00b0 <span class=\"_ _6\"></span>15<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>341.544 <span class=\"_ _f\"> </span>azioni <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _f\"> </span>relazione <span class=\"_ _f\"> </span>al<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>pia<span class=\"_ _1\"></span>no <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>incentivazione <span class=\"_ _f\"> </span>azi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>aria<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>medio-<span class=\"_ _4a1\"> </span>lungo <span class=\"_ _5\"></span>termine <span class=\"_ _6\"></span>appro<span class=\"_ _1\"></span>vato <span class=\"_ _5\"></span>dall\u2019Assemblea <span class=\"_ _5\"></span>ordinaria<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Anima <span class=\"_ _5\"></span>Holding<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>m<span class=\"_ _0\"></span>arz<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>20<span class=\"_ _0\"></span>21 (\u201cLTIP <span class=\"_ _0\"></span>21-23\u201d) e <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>pia<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> LTIP 2<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>-26, <span class=\"_ _0\"></span>con l\u2019utilizzo di <span class=\"_ _0\"></span>n\u00b0 <span class=\"_ _0\"></span>9.4<span class=\"_ _1\"></span>41.730 azio<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>oprie <span class=\"_ _0\"></span>detenute nel portafoglio dalla So<span class=\"_ _1\"></span>ciet\u00e0 e n\u00b0 5.899.8<span class=\"_ _1\"></span>14 azioni deriva<span class=\"_ _1\"></span>nti dal predetto aument<span class=\"_ _1\"></span>o di capitale;<span class=\"_ _3\"></span> \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>i<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>24 <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>eb<span class=\"_ _1\"></span>braio <span class=\"_ _5\"></span>2025 <span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>Presidente <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>Coll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>Sindacale <span class=\"_ _5\"></span>Dott.sa<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Mariel<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Tagliabue <span class=\"_ _5\"></span>ha comunicato <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>sue <span class=\"_ _b\"></span>dimissioni <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ica, <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _b\"></span>efficacia <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>\u00b0 <span class=\"_ _0\"></span>aprile <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>25.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Le <span class=\"_ _b\"></span>dimissioni <span class=\"_ _b\"></span>sono motivate <span class=\"_ _b\"></span>dall<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>volont\u00e0 <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>perseguire <span class=\"_ _b\"></span>nuove <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>un<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _b\"></span>professionali. <span class=\"_ _5\"></span>A <span class=\"_ _5\"></span>partire <span class=\"_ _b\"></span>dal <span class=\"_ _5\"></span>1<span class=\"_ _0\"></span>\u00b0 <span class=\"_ _b\"></span>aprile 2025 le subent<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>er\u00e0 <span class=\"_ _1\"></span>nella carica<span class=\"_ _1\"></span> di Sinda<span class=\"_ _1\"></span>co Effettivo <span class=\"_ _3\"></span>e Pr<span class=\"_ _0\"></span>esi<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ente <span class=\"_ _1\"></span>del Colle<span class=\"_ _1\"></span>gio Sindacale<span class=\"_ _1\"></span> il Dott. Maurizio <span class=\"_ _c\"> </span>Ta<span class=\"_ _1\"></span>ni, <span class=\"_ _c\"> </span>at<span class=\"_ _1\"></span>tuale  Sindaco  Su<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te,  componente  della  medesima  lista  di  m<span class=\"_ _0\"></span>inora<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za presentata <span class=\"_ _1b\"> </span>all\u2019Assemblea <span class=\"_ _1b\"> </span>degli <span class=\"_ _1b\"> </span>Azionisti <span class=\"_ _19\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _19\"> </span>21 <span class=\"_ _17\"> </span>marzo <span class=\"_ _1b\"> </span>2023 <span class=\"_ _1b\"> </span>(cfr. <span class=\"_ _1b\"> </span>comunicato <span class=\"_ _1b\"> </span>stampa \u201cDimissioni  della <span class=\"_ _c\"> </span>Presi<span class=\"_ _1\"></span>dente  d<span class=\"_ _0\"></span>el  Collegio <span class=\"_ _c\"> </span>Si<span class=\"_ _3\"></span>nd<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ale  e <span class=\"_ _c\"> </span>subent<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _c\"> </span>Si<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>daco  supplente\u201d  del  2<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span> febbraio 2025);<span class=\"_ _1\"></span> \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>i<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>data <span class=\"_ _b\"></span>28 <span class=\"_ _b\"></span>febbraio, <span class=\"_ _5\"></span>in <span class=\"_ _b\"></span>merito <span class=\"_ _b\"></span>all\u2019offerta <span class=\"_ _5\"></span>p<span class=\"_ _1\"></span>ubblica <span class=\"_ _b\"></span>d\u2019acquisto <span class=\"_ _b\"></span>volontaria <span class=\"_ _b\"></span>(\u201cOPA\u201d) <span class=\"_ _b\"></span>promossa <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> Banco <span class=\"_ _3\"></span>BPM Vita<span class=\"_ _3\"></span> S.p.A. <span class=\"_ _3\"></span>(\u201cBBPM <span class=\"_ _3\"></span>Vita\u201d), <span class=\"_ _3\"></span>di c<span class=\"_ _1\"></span>oncerto <span class=\"_ _3\"></span>con la<span class=\"_ _3\"></span> capo<span class=\"_ _1\"></span>gruppo <span class=\"_ _3\"></span>Banco BPM<span class=\"_ _3\"></span> S.p<span class=\"_ _1\"></span>.A. <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>\u201cBa<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>co BPM\u201d), s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>lla <span class=\"_ _3\"></span>totalit\u00e0 <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>azioni <span class=\"_ _1\"></span>ordinarie <span class=\"_ _3\"></span>della S<span class=\"_ _1\"></span>ociet\u00e0<span class=\"_ _1\"></span>, l\u2019assem<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>lea <span class=\"_ _3\"></span>ordinaria <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>Banco <span class=\"_ _3\"></span>B<span class=\"_ _0\"></span>PM <span class=\"_ _3\"></span>ha deliberato <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>) <span class=\"_ _f\"> </span>incrementare<span class=\"_ _3\"></span>  a<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>Euro<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>7 <span class=\"_ _f\"> </span>cum <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>videndo <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>corrispettivo <span class=\"_ _6\"></span>u<span class=\"_ _0\"></span>nita<span class=\"_ _1\"></span>rio <span class=\"_ _f\"></span>offert<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>(ii) esercitare l<span class=\"_ _0\"></span>a fac<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>lt\u00e0, <span class=\"_ _0\"></span>ove <span class=\"_ _0\"></span>riten<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>oppo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>tuno, <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>rinun<span class=\"_ _1\"></span>ciare <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>tutto<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>a un<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>o <span class=\"_ _0\"></span>pi\u00f9<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>delle condizioni <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>efficacia <span class=\"_ _b\"></span>volontarie <span class=\"_ _b\"></span>apposte <span class=\"_ _b\"></span>all\u2019OPA <span class=\"_ _b\"></span>BBPM <span class=\"_ _5\"></span>Vita <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>non <span class=\"_ _5\"></span>ancora <span class=\"_ _b\"></span>soddisfatte <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span> febbraio 2025.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-9": {
   "value": "In <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>elazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>all\u2019informativa <span class=\"_ _3\"></span>richiesta <span class=\"_ _3\"></span>dallo <span class=\"_ _1\"></span>IAS <span class=\"_ _3\"></span>10 <span class=\"_ _3\"></span>riguardo <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>pubblicazione <span class=\"_ _3\"></span>dell\u2019informati<span class=\"_ _1\"></span>va <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziaria, si <span class=\"_ _3\"></span>informa <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>il <span class=\"_ _1\"></span>presente <span class=\"_ _3\"></span>Bilan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>consolidato <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>stat<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>approv<span class=\"_ _0\"></span>at<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>dal <span class=\"_ _3\"></span>Consiglio <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>Amministrazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a Societ\u00e0 in data 4 marzo<span class=\"_ _1\"></span> 2025.<span class=\"_ _1\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-449": {
   "value": "Utilizzo di stime e assunzioni nella predisposizione dell\u2019informativa finanziaria La predisposizione dell\u2019informativa finanziaria richiede anche il ricorso a stime e ad assunzioni che possono determinare significativi effetti sui valori iscritti nello Stato Patrimoniale consolidato e nel Conto  Economico  consolidato,  nonch\u00e9  sull\u2019informativa  relativa  alle  attivit\u00e0  e  passivit\u00e0  potenziali riportate  nel  Bilancio  consolidato.  L\u2019elaborazione  di  tali  stime  implica  l\u2019utilizzo  delle  informazioni disponibili e l\u2019adozione di valutazioni soggettive, fondate anche sull\u2019esperienza storica, utilizzata ai fini della formulazione di assunzioni ragionevoli per la rilevazione dei fatti di gestione. Per loro natura le stime e le assunzioni utilizzate possono variare di esercizio in esercizio e, pertanto, non \u00e8 da escludersi che negli esercizi successivi i valori iscritti in bilancio possano variare anche in maniera significativa a seguito del mutamento delle valutazioni soggettive utilizzate. Le principali fattispecie per le quali \u00e8 maggiormente richiesto l\u2019impiego di valutazioni soggettive da parte della direzione aziendale sono: o  l\u2019eventuale identificazione e quantificazione delle perdite per riduzione di valore degli avviamenti e delle altre attivit\u00e0 immateriali iscritti nell\u2019attivo del Bilancio consolidato; o  la  quantificazione  dei  fondi  per  rischi  e  oneri  e  dei  relativi  accantonamenti,  con  specifico riferimento alle passivit\u00e0 stimate verso il personale, ai contenziosi legali e fiscali, oltre alla stima degli oneri del personale correlata alla componente di remunerazione variabile; o  le  stime  e  assunzioni  relative  alla determinazione  del fair value  degli  strumenti finanziari  non quotati in mercati attivi; o  le stime e le assunzioni sulla recuperabilit\u00e0 della fiscalit\u00e0 anticipata; o  le stime e le assunzioni relative alla determinazione del valore attuariale del TFR; o  le stime e le assunzioni relative al numero dei diritti correlati ai piani di incentivo a lungo termine e alla determinazione del loro fair value; o  le stime  e le  assunzioni sulla recuperabilit\u00e0 degli  importi iscritti tra  i risconti attivi relativi  alle commissioni una tantum pagate ai collocatori; o  le stime relative alla determinazione delle commissioni attive dei FIA immobiliari nei casi in cui il parametro  di  riferimento  previsto  per  il  calcolo  delle  stesse  non  risulti  ancora  puntualmente quantificabile (totale attivo del fondo);  o  le  stime  e  le  assunzioni  relative  alla  valutazione  delle  attivit\u00e0  finanziarie  valutate  al  costo ammortizzato; o  le  stime  connesse  alla  determinazione  degli  impegni  relativi  alle  garanzie  prestate  dalla controllata  Anima  SGR  per  i  comparti  dei  fondi  pensione  che  prevedono  la  restituzione  del capitale; o  l\u2019allocazione  del  prezzo  di  acquisto  nell\u2019ambito  delle  operazioni  di  aggregazione  aziendale (Purchase Price Allocation \u2013 \u201cPPA\u201d). ",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-10": {
   "value": "Utilizzo di <span class=\"_ _0\"></span>stime<span class=\"_ _1\"></span> e <span class=\"_ _0\"></span>assun<span class=\"_ _1\"></span>zioni nella predisposizion<span class=\"_ _1\"></span>e d<span class=\"_ _0\"></span>ell\u2019informat<span class=\"_ _1\"></span>iva <span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>inanziaria<span class=\"_ _3\"></span> La <span class=\"_ _6\"></span>predisposizione <span class=\"_ _5\"></span>dell\u2019informativa <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziaria<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>richiede <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>ricorso <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>stime <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>ad <span class=\"_ _6\"></span>assunzioni<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>ch<span class=\"_ _0\"></span>e possono <span class=\"_ _5\"></span>determinare <span class=\"_ _b\"></span>significativi <span class=\"_ _b\"></span>effetti <span class=\"_ _5\"></span>sui <span class=\"_ _b\"></span>valori <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>scritti <span class=\"_ _b\"></span>nello <span class=\"_ _5\"></span>Stato <span class=\"_ _5\"></span>Patrim<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>niale <span class=\"_ _b\"></span>consolidato <span class=\"_ _b\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> Conto <span class=\"_ _c\"> </span>Economico  c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nsolidato, <span class=\"_ _c\"> </span>nonch\u00e9 <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>ull\u2019informativa  r<span class=\"_ _0\"></span>elativa <span class=\"_ _c\"> </span>a<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _c\"> </span>pote<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziali<span class=\"_ _3\"></span> riportate  nel  Bilancio  consolidat<span class=\"_ _1\"></span>o.  L\u2019elaborazione  di  tali  stime  implica  l\u2019utilizz<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  delle  info<span class=\"_ _1\"></span>rmazioni disponibili e <span class=\"_ _3\"></span>l\u2019adozione <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>valutazioni s<span class=\"_ _3\"></span>ogg<span class=\"_ _0\"></span>etti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e, <span class=\"_ _3\"></span>fondate anche <span class=\"_ _3\"></span>sull\u2019esperienza<span class=\"_ _1\"></span> storica, <span class=\"_ _3\"></span>utilizzata a<span class=\"_ _1\"></span>i f<span class=\"_ _1\"></span>ini della <span class=\"_ _0\"></span>formulazione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>assunzioni <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>onevoli <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>la r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione <span class=\"_ _0\"></span>dei <span class=\"_ _b\"></span>fatti <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gestione. <span class=\"_ _0\"></span>Per <span class=\"_ _0\"></span>loro <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>atura <span class=\"_ _0\"></span>le stime e <span class=\"_ _3\"></span>le assunzioni <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tilizzate <span class=\"_ _3\"></span>possono varia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>di es<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>cizio <span class=\"_ _1\"></span>in e<span class=\"_ _1\"></span>sercizio e, p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>tant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>non \u00e8 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>escludersi che n<span class=\"_ _0\"></span>egli esercizi <span class=\"_ _0\"></span>su<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>cessivi i <span class=\"_ _0\"></span>valori iscritti <span class=\"_ _0\"></span>in bilancio <span class=\"_ _0\"></span>possan<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>variare anche i<span class=\"_ _0\"></span>n maniera significativa <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> seguito del mutament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> de<span class=\"_ _1\"></span>lle valutazioni sog<span class=\"_ _1\"></span>gettive utilizzat<span class=\"_ _1\"></span>e. Le <span class=\"_ _6\"></span>prin<span class=\"_ _1\"></span>cipali <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ispecie <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>quali <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>maggiormente<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>richiesto <span class=\"_ _5\"></span>l\u2019impie<span class=\"_ _1\"></span>go <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>valutazio<span class=\"_ _1\"></span>ni <span class=\"_ _5\"></span>sogg<span class=\"_ _0\"></span>etti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>a parte della direzi<span class=\"_ _1\"></span>one aziendale sono: o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">l\u2019eventuale i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>entifi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>azione <span class=\"_ _3\"></span>e quantificazione <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>perd<span class=\"_ _0\"></span>ite <span class=\"_ _3\"></span>per <span class=\"_ _1\"></span>riduzione di <span class=\"_ _3\"></span>valore de<span class=\"_ _1\"></span>gli avviame<span class=\"_ _1\"></span>nti </span></span>e delle altre attivit\u00e0 <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mmate<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iali iscritti <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ell\u2019at<span class=\"_ _1\"></span>tivo del Bilancio <span class=\"_ _1\"></span>consolidato; o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">la <span class=\"_ _1f\"> </span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ficazio<span class=\"_ _1\"></span>ne <span class=\"_ _15\"> </span>dei <span class=\"_ _1f\"> </span>fondi <span class=\"_ _1f\"> </span>per <span class=\"_ _1f\"> </span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi <span class=\"_ _1f\"> </span>e <span class=\"_ _1f\"> </span>oneri <span class=\"_ _1f\"> </span>e <span class=\"_ _1f\"> </span>dei <span class=\"_ _15\"> </span>relativi <span class=\"_ _1f\"> </span>acc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ntonamenti, <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>on <span class=\"_ _1f\"> </span>specifico </span></span>rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mento <span class=\"_ _b\"></span>al<span class=\"_ _1\"></span>le <span class=\"_ _0\"></span>passivit\u00e0 <span class=\"_ _0\"></span>stimate <span class=\"_ _0\"></span>verso <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>perso<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>e,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>contenziosi <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ali <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>fiscali, <span class=\"_ _0\"></span>oltre <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>ma degli oneri del pe<span class=\"_ _1\"></span>rsonale correlata alla <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompone<span class=\"_ _1\"></span>nte di remunerazi<span class=\"_ _1\"></span>one variabile;<span class=\"_ _3\"></span> o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">le <span class=\"_ _f\"> </span>stime <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>assu<span class=\"_ _1\"></span>nzioni <span class=\"_ _f\"> </span>relative <span class=\"_ _f\"> </span>alla <span class=\"_ _6\"></span>determinazione <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>degli<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>strumenti <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>ina<span class=\"_ _1\"></span>nziari <span class=\"_ _f\"> </span>non </span></span>quo<span class=\"_ _0\"></span>tat<span class=\"_ _1\"></span>i in mer<span class=\"_ _1\"></span>cati attivi; o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">le stime e le assu<span class=\"_ _1\"></span>nzioni sulla re<span class=\"_ _1\"></span>cuperabilit\u00e0 della <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>iscalit\u00e0 anti<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipata<span class=\"_ _1\"></span>; </span></span>o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">le stime e le assu<span class=\"_ _1\"></span>nzioni relative alla dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minaz<span class=\"_ _1\"></span>ione del va<span class=\"_ _1\"></span>lore attuariale del TF<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>; </span></span>o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">le <span class=\"_ _0\"></span>stime<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>e le assunzioni relative <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>numero dei d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritti correlati <span class=\"_ _0\"></span>ai piani di <span class=\"_ _0\"></span>ince<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tivo a lungo <span class=\"_ _0\"></span>te<span class=\"_ _1\"></span>rmine </span></span>e alla determinazi<span class=\"_ _1\"></span>one del loro fair val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e; o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">le <span class=\"_ _f\"></span>stime<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>e <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>assunzi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _6\"></span>sulla <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ecuperabi<span class=\"_ _1\"></span>lit\u00e0 <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>mporti <span class=\"_ _6\"></span>iscritti <span class=\"_ _f\"></span>tra<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>i <span class=\"_ _6\"></span>risconti <span class=\"_ _6\"></span>attivi <span class=\"_ _6\"></span>rel<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>vi <span class=\"_ _f\"> </span>alle<span class=\"_ _3\"></span> </span></span>commissioni una tant<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>m pagate ai <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ollo<span class=\"_ _1\"></span>catori;<span class=\"_ _1\"></span> o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">le <span class=\"_ _0\"></span>stime r<span class=\"_ _0\"></span>elative<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>determi<span class=\"_ _1\"></span>nazione <span class=\"_ _0\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>commissioni <span class=\"_ _0\"></span>atti<span class=\"_ _1\"></span>ve <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>FIA <span class=\"_ _0\"></span>immo<span class=\"_ _1\"></span>biliari <span class=\"_ _0\"></span>nei c<span class=\"_ _0\"></span>asi in <span class=\"_ _0\"></span>cui <span class=\"_ _0\"></span>il </span></span>parametro  di <span class=\"_ _f\"> </span>ri<span class=\"_ _0\"></span>fe<span class=\"_ _1\"></span>rimento  pre<span class=\"_ _1\"></span>visto  pe<span class=\"_ _1\"></span>r  il  cal<span class=\"_ _1\"></span>colo <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>elle<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>stesse <span class=\"_ _f\"> </span>non  risult<span class=\"_ _1\"></span>i  ancora<span class=\"_ _1\"></span>  puntualmente quantificabile (totale atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o del <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ond<span class=\"_ _1\"></span>o);<span class=\"_ _4a1\"> </span>o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">le <span class=\"_ _16\"> </span>stim<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>assunzioni <span class=\"_ _16\"> </span>relative <span class=\"_ _16\"> </span>alla <span class=\"_ _16\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>taz<span class=\"_ _1\"></span>ione <span class=\"_ _16\"> </span>delle <span class=\"_ _1f\"> </span>attivit\u00e0 <span class=\"_ _16\"> </span>finanziarie <span class=\"_ _16\"> </span>valutate <span class=\"_ _16\"> </span>al <span class=\"_ _16\"> </span>costo </span></span>ammortizzato; o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">le <span class=\"_ _19\"> </span>stime <span class=\"_ _19\"> </span>connesse <span class=\"_ _19\"> </span>alla <span class=\"_ _19\"> </span>determinaz<span class=\"_ _1\"></span>ione <span class=\"_ _19\"> </span>degli <span class=\"_ _19\"> </span>impegni <span class=\"_ _e\"> </span>r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _e\"> </span>alle <span class=\"_ _19\"> </span>g<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>anzie <span class=\"_ _e\"> </span>prestate <span class=\"_ _19\"> </span>dalla </span></span>controllata <span class=\"_ _c\"> </span>A<span class=\"_ _1\"></span>nima <span class=\"_ _c\"> </span>SG<span class=\"_ _1\"></span>R <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>i  comparti <span class=\"_ _c\"> </span>dei  fondi  pensione <span class=\"_ _c\"> </span>che <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>revedono <span class=\"_ _c\"> </span>la  r<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>itu<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _c\"> </span>de<span class=\"_ _3\"></span>l capitale; o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">l\u2019allocazione <span class=\"_ _15\"> </span>del <span class=\"_ _d\"> </span>prezzo <span class=\"_ _15\"> </span>di <span class=\"_ _d\"> </span>acquisto <span class=\"_ _1f\"> </span>nell\u2019<span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>delle <span class=\"_ _d\"> </span>operazioni <span class=\"_ _15\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>agg<span class=\"_ _1\"></span>regazione <span class=\"_ _d\"> </span>aziendale<span class=\"_ _3\"></span> </span></span>(Purchase Price Allocati<span class=\"_ _1\"></span>on \u2013 \u201cPPA\u201d).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-450": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs75\">Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 5 \u2013 Area e metodi di consolidamento </div><div class=\"t m1 h52 ff3 fs2 fc1 sc0 ls0 ws0 gs76\">1.<span class=\"ff1d fs5\"> <span class=\"_ _1c\"> </span></span>Partecipazioni <span class=\"_ _1\"></span>in societ\u00e0 control<span class=\"_ _1\"></span>late in via esclus<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>va </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs77\">Nel <span class=\"_ _0\"></span>prospetto <span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _0\"></span>segue <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>indicate <span class=\"_ _0\"></span>le<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>partecipaz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>incluse <span class=\"_ _0\"></span>nell\u2019area<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>consolidame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rale </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs78\">del presente Bilancio <span class=\"_ _1\"></span>consolidato al <span class=\"_ _1\"></span>31 dicembre 2024:<span class=\"_ _3\"></span> </div><div class=\"gs79\"><table class=\"s w276 h350\" id=\"_0294db48-96a0-4278-ba7a-9af9b8043b83\"><tr><td></td><td class=\"t m1 x33f h53 y178b ff3 fs6 fc1 sc0 ls0 ws0\">Sede </td><td class=\"t m1 x340 h53 y178b ff3 fs6 fc1 sc0 ls0 ws0\">Sede </td><td class=\"t m1 x341 h53 y178c ff3 fs6 fc1 sc0 ls0 ws0\">Tipo di </td><td class=\"c x342 y178d we h54\"><div class=\"t m1 x3b h53 y46b ff3 fs6 fc1 sc0 ls0 ws0\">Rappo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to di <span class=\"_ _3\"></span>parteci<span class=\"_ _1\"></span>pazione<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"t m1 x343 h53 y178b ff3 fs6 fc1 sc0 ls0 ws0\">Dispo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ibili<span class=\"_ _1\"></span>t\u00e0 </td></tr><tr><td class=\"t m1 x344 h53 y178e ff3 fs6 fc1 sc0 ls0 ws0\">Denomi<span class=\"_ _1\"></span>nazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne i<span class=\"_ _1\"></span>mp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>a </td><td class=\"t m1 x345 h53 y178f ff3 fs6 fc1 sc0 ls0 ws0\">operativ<span class=\"_ _1\"></span>a </td><td class=\"t m1 x346 h53 y178f ff3 fs6 fc1 sc0 ls0 ws0\">legale<span class=\"_ _3\"></span> </td><td class=\"t m1 x347 h53 y178e ff3 fs6 fc1 sc0 ls0 ws0\">rappor<span class=\"_ _3\"></span>to<span class=\"_ _0\"></span> </td><td class=\"t m1 x348 h53 y1790 ff3 fs6 fc1 sc0 ls0 ws0\">Quota <span class=\"_ _3\"></span>% </td><td class=\"t m1 x349 h53 y1791 ff3 fs6 fc1 sc0 ls0 ws0\">Impre<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>a </td><td class=\"t m1 x34a h53 y178f ff3 fs6 fc1 sc0 ls0 ws0\">voti <span class=\"_ _1\"></span>% (b)<span class=\"_ _1\"></span> </td></tr><tr><td></td><td></td><td></td><td class=\"c x34c y1794 w277 h351\" colspan=\"2\"><div class=\"t m1 x17f h53 y1792 ff3 fs6 fc1 sc0 ls0 ws0\">(a)<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34b h53 y1793 ff3 fs6 fc1 sc0 ls0 ws0\">parteci<span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x34d y1795 w10 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima S<span class=\"_ _3\"></span>GR<span class=\"_ _0\"></span> S.<span class=\"_ _3\"></span>p.A.<span class=\"_ _4a1\"> </span></div></td><td class=\"c x34f y1797 w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x350 y1797 w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x351 y1795 wf h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">1<span class=\"_ _4a1\"> </span></div></td><td class=\"c x352 y1795 w15 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">100%<span class=\"_ _4a1\"> </span></div></td><td class=\"c x353 y1795 w14 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>old<span class=\"_ _3\"></span>ing </div></td><td></td></tr><tr><td></td><td class=\"t m1 x33f h55 y1798 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td class=\"t m1 x340 h55 y1798 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td></td><td></td><td class=\"t m1 x353 h55 y1798 ff2 fs6 fc1 sc0 ls0 ws0\">S.p.A.<span class=\"_ _1\"></span> </td><td></td></tr><tr><td class=\"c x34d y1799 w16 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima <span class=\"_ _e\"> </span>Al<span class=\"_ _0\"></span>ter<span class=\"_ _3\"></span>native <span class=\"_ _19\"> </span>S.p.A.<span class=\"_ _4a1\"> </span></div></td><td class=\"c x34f y179a w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x350 y179a w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x351 y1799 wf h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">1<span class=\"_ _4a1\"> </span></div></td><td class=\"c x352 y1799 w15 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">100%<span class=\"_ _4a1\"> </span></div></td><td class=\"c x353 y1799 w14 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>old<span class=\"_ _3\"></span>ing </div></td><td></td></tr><tr><td class=\"t m1 x34d h55 y179b ff2 fs6 fc1 sc0 ls0 ws0\">SGR </td><td class=\"t m1 x33f h55 y179b ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td class=\"t m1 x340 h55 y179b ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td></td><td></td><td class=\"t m1 x353 h55 y179b ff2 fs6 fc1 sc0 ls0 ws0\">S.p.A.<span class=\"_ _1\"></span> </td><td></td></tr><tr><td class=\"c x34d y179c w18 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Castello S<span class=\"_ _3\"></span>GR S.p.A. </div></td><td class=\"c x34f y179d w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x350 y179d w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x351 y179c wf h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">1<span class=\"_ _4a1\"> </span></div></td><td class=\"c x354 y179c w19 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">80%<span class=\"_ _4a1\"> </span></div></td><td class=\"c x353 y179c w14 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>old<span class=\"_ _3\"></span>ing </div></td><td></td></tr><tr><td></td><td class=\"t m1 x33f h55 y179e ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td class=\"t m1 x340 h55 y179e ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td></td><td></td><td class=\"t m1 x353 h55 y179e ff2 fs6 fc1 sc0 ls0 ws0\">S.p.A..<span class=\"_ _1\"></span> </td><td></td></tr><tr><td class=\"c x34d y179f w1a h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Kairo<span class=\"_ _1\"></span>s Partner<span class=\"_ _3\"></span>s SGR S.p.<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c x355 y17a0 w279 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c x350 y17a0 w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x351 y179f wf h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">1<span class=\"_ _4a1\"> </span></div></td><td class=\"c x352 y179f w15 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">100%<span class=\"_ _4a1\"> </span></div></td><td class=\"c x353 y179f w14 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>old<span class=\"_ _3\"></span>ing </div></td><td></td></tr><tr><td></td><td class=\"t m1 x33f h55 y17a1 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td class=\"t m1 x340 h55 y17a1 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td></td><td></td><td class=\"t m1 x353 h55 y17a1 ff2 fs6 fc1 sc0 ls0 ws0\">S.p.A.<span class=\"_ _1\"></span> </td><td></td></tr><tr><td class=\"c x34d y17a2 w1c h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Vita S.r.l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c x355 y17a3 w279 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c x350 y17a3 w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x351 y17a2 wf h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">1<span class=\"_ _4a1\"> </span></div></td><td class=\"c x356 y17a2 w1e h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">76,05<span class=\"_ _1\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c x353 y17a2 w1d h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Castello S<span class=\"_ _3\"></span>GR </div></td><td></td></tr><tr><td></td><td class=\"t m1 x33f h55 y17a4 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td class=\"t m1 x340 h55 y17a4 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td></td><td></td><td class=\"t m1 x353 h55 y17a4 ff2 fs6 fc1 sc0 ls0 ws0\">S.p.A. <span class=\"_ _3\"></span> </td><td></td></tr></table></div><div class=\"t m1 h9 ff2 fs8 fc1 sc0 ls0 ws0 gs7a\">a) Tipo <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rappo<span class=\"_ _0\"></span>rto: 1=magg<span class=\"_ _0\"></span>ioranza de<span class=\"_ _0\"></span>i diritti di vo<span class=\"_ _0\"></span>to nell\u2019assem<span class=\"_ _0\"></span>blea ordinar<span class=\"_ _0\"></span>ia </div><div class=\"t m1 h9 ff2 fs8 fc1 sc0 ls0 ws0 gs7b\">b) <span class=\"_ _b\"></span>Ov<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ifferente<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>dalla <span class=\"_ _5\"></span>quota <span class=\"_ _5\"> </span>% <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>tecipazione<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u00e8<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>indicata<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dis<span class=\"_ _0\"></span>ponibilit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>oti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>nel<span class=\"_ _0\"></span>l\u2019assemblea<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>ordina<span class=\"_ _0\"></span>ria, <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span>stinguen<span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra <span class=\"_ _b\"></span>effet<span class=\"_ _0\"></span>tivi <span class=\"_ _b\"></span>e<span class=\"_ _0\"></span> </div><div class=\"t m1 h9 ff2 fs8 fc1 sc0 ls0 ws0 gs7c\">potenzia<span class=\"_ _0\"></span>li </div><div class=\"t m1 he ff2 fs2 fc1 sc0 ls0 ws0 gs7d\">Rispetto al 31 dicemb<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e 202<span class=\"_ _1\"></span>3, l\u2019area di consolidam<span class=\"_ _3\"></span>ento<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a subito <span class=\"_ _1\"></span>le seguenti va<span class=\"_ _1\"></span>riazioni:<span class=\"fsb\"> </span></div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs7e\">-<span class=\"ff4 fs5\"> <span class=\"_ _1a\"> </span></span>acquisizione del 1<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>0% di <span class=\"_ _0\"></span>Kai<span class=\"_ _1\"></span>ros <span class=\"_ _0\"></span>SGR, perfezionata<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>data 2 maggio 2024 (al r<span class=\"_ _0\"></span>iguardo<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>si<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>rinvia </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7f\">a <span class=\"_ _0\"></span>quanto<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>evide<span class=\"_ _1\"></span>nziato <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>\u201cParte <span class=\"_ _0\"></span>A <span class=\"_ _0\"></span>- <span class=\"_ _b\"></span>Politiche <span class=\"_ _0\"></span>conta<span class=\"_ _1\"></span>bili <span class=\"_ _b\"></span>\u2013 <span class=\"_ _0\"></span>Altre <span class=\"_ _0\"></span>Informazioni <span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span> Operazione <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs80\">aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>Kai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>os <span class=\"_ _3\"></span>SGR\u201d <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>presente <span class=\"_ _1\"></span>Nota <span class=\"_ _3\"></span>integrati<span class=\"_ _1\"></span>va <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onsolidata<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicemb<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>2024); </div><div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs81\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">in <span class=\"_ _b\"></span>data <span class=\"_ _6\"></span>24 <span class=\"_ _5\"></span>gennaio <span class=\"_ _5\"></span>2024, <span class=\"_ _5\"></span>Castello <span class=\"_ _5\"></span>SGR <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>costituit<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>la <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>Vita <span class=\"_ _5\"></span>Srl, <span class=\"_ _5\"></span>riducendo, <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>seguit<span class=\"_ _1\"></span>o </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs82\">degli <span class=\"_ _1b\"> </span>eventi <span class=\"_ _1b\"> </span>so<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ietari <span class=\"_ _1b\"> </span>i<span class=\"_ _1\"></span>ntercorsi <span class=\"_ _19\"> </span>nel<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>corso <span class=\"_ _1b\"> </span>del <span class=\"_ _19\"> </span>terzo <span class=\"_ _1b\"> </span>trimestre <span class=\"_ _1b\"> </span>2024, <span class=\"_ _19\"> </span>la <span class=\"_ _1b\"> </span>sua <span class=\"_ _1b\"> </span>quota <span class=\"_ _19\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs83\">partecipazione <span class=\"_ _f\"> </span>al<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>76,05% <span class=\"_ _6\"></span>(per <span class=\"_ _6\"></span>ul<span class=\"_ _0\"></span>ter<span class=\"_ _1\"></span>iori <span class=\"_ _f\"> </span>detta<span class=\"_ _3\"></span>gl<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>si <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>invia <span class=\"_ _6\"></span>a <span class=\"_ _f\"> </span>q<span class=\"_ _1\"></span>uanto <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ip<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtato <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _6\"></span>\u201cParte <span class=\"_ _6\"></span>A <span class=\"_ _f\"> </span>- </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs84\">Politiche <span class=\"_ _1\"></span>contabili \u2013 <span class=\"_ _3\"></span>Altre in<span class=\"_ _1\"></span>formazioni <span class=\"_ _3\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Operazione <span class=\"_ _3\"></span>di conferiment<span class=\"_ _1\"></span>o ramo <span class=\"_ _3\"></span>aziend<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>in Vita <span class=\"_ _3\"></span>Srl\u201d </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs85\">della presente N<span class=\"_ _1\"></span>ota integrativa consoli<span class=\"_ _1\"></span>data al 31 dicembre 2<span class=\"_ _1\"></span>024). </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs86\">2. Valutazioni e assun<span class=\"_ _1\"></span>zioni sign<span class=\"_ _1\"></span>ificative per det<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>minare l\u2019area d<span class=\"_ _1\"></span>i consolidamento<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs87\">Societ\u00e0 controllate<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs88\">Sono <span class=\"_ _0\"></span>considerate <span class=\"_ _0\"></span>controllate le <span class=\"_ _b\"></span>imp<span class=\"_ _1\"></span>rese <span class=\"_ _0\"></span>nelle <span class=\"_ _0\"></span>quali <span class=\"_ _0\"></span>Anima <span class=\"_ _0\"></span>Holding <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>esposta <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>rendimenti <span class=\"_ _0\"></span>va<span class=\"_ _1\"></span>riabili, <span class=\"_ _0\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs89\">detiene <span class=\"_ _5\"></span>diritti <span class=\"_ _b\"></span>su <span class=\"_ _5\"></span>tali <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>endime<span class=\"_ _1\"></span>nti, <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>erivanti <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>proprio <span class=\"_ _b\"></span>rapporto <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _b\"></span>le <span class=\"_ _5\"></span>stesse <span class=\"_ _5\"></span>e, <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ontempo<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>ha<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8a\">capacit\u00e0 di incidere s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>i ren<span class=\"_ _1\"></span>dimenti esercita<span class=\"_ _1\"></span>ndo il <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>roprio potere su tal<span class=\"_ _1\"></span>i entit\u00e0. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8b\">Il controllo pu\u00f2 <span class=\"_ _1\"></span>configurarsi solame<span class=\"_ _1\"></span>nte con la prese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za contempo<span class=\"_ _1\"></span>ranea dei se<span class=\"_ _1\"></span>guenti elementi:<span class=\"_ _3\"></span> </div><div class=\"t m1 h7 ff4 fs5 fc1 sc0 ls0 ws0 gs8c\">- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _0\"></span>potere <span class=\"_ _1\"></span>di dirigere le atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 r<span class=\"_ _1\"></span>ilevanti della pa<span class=\"_ _1\"></span>rtecip<span class=\"_ _1\"></span>ata; </span></div><div class=\"t m1 h7 ff4 fs5 fc1 sc0 ls0 ws0 gs8d\">- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">l\u2019<span class=\"_ _0\"></span>esp<span class=\"_ _1\"></span>osizione <span class=\"_ _f\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>i  di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itti  a<span class=\"_ _1\"></span>  re<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>diment<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>abi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti  da<span class=\"_ _1\"></span>l  rapport<span class=\"_ _1\"></span>o  co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>l<span class=\"_ _0\"></span>\u2019e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tit\u00e0 <span class=\"_ _f\"> </span>oggetto  di<span class=\"_ _3\"></span> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8e\">investimento; </div><div class=\"t m1 h7 ff4 fs5 fc1 sc0 ls0 ws0 gs8f\">- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">la <span class=\"_ _c\"> </span>capacit\u00e0  di <span class=\"_ _c\"> </span>ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>citare  il <span class=\"_ _c\"> </span>prop<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>potere  sull\u2019en<span class=\"_ _1\"></span>tit\u00e0  o<span class=\"_ _0\"></span>ggetto  di  investimento  per <span class=\"_ _c\"> </span>incide<span class=\"_ _1\"></span>re </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs90\">sull\u2019ammontare dei s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>oi re<span class=\"_ _1\"></span>ndimenti. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs91\">Nello specifico il G<span class=\"_ _1\"></span>ruppo considera <span class=\"_ _1\"></span>i seguenti fatt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ri per valutare <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>esiste<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za di <span class=\"_ _1\"></span>controllo: </div><div class=\"t m1 h7 ff4 fs5 fc1 sc0 ls0 ws0 gs92\">- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">lo<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>scopo <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>la <span class=\"_ _5\"></span>struttura<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>della <span class=\"_ _b\"></span>partecipat<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>\u2013 <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>fine <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>identificare <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>obiettivi <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ell\u2019entit\u00e0,<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>le <span class=\"_ _b\"></span>su<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs93\">attivit\u00e0 <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vanti <span class=\"_ _6\"></span>(ovv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>lle <span class=\"_ _f\"> </span>che <span class=\"_ _6\"></span>maggiorment<span class=\"_ _1\"></span>e <span class=\"_ _f\"></span>ne <span class=\"_ _6\"></span>influenzano <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>rendimenti) <span class=\"_ _f\"> </span>e <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ome <span class=\"_ _6\"></span>tali </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs94\">attivit\u00e0 sono governate<span class=\"_ _1\"></span>; </div><div class=\"t m1 h7 ff4 fs5 fc1 sc0 ls0 ws0 gs95\">- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>otere  \u2013<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>a<span class=\"_ _1\"></span>l  fine <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>compr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e  se<span class=\"_ _1\"></span>  il  Gruppo<span class=\"_ _1\"></span>  h<span class=\"_ _1\"></span>a  diritti  c<span class=\"_ _1\"></span>ontrattuali  che  attr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>uiscono  la </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs96\">capacit\u00e0 di dirigere le atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 r<span class=\"_ _1\"></span>ilevanti; </div><div class=\"t m1 h7 ff4 fs5 fc1 sc0 ls0 ws0 gs97\">- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">l\u2019<span class=\"_ _0\"></span>esp<span class=\"_ _1\"></span>osizione <span class=\"_ _d\"> </span>alla <span class=\"_ _1f\"> </span>v<span class=\"_ _0\"></span>aria<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ilit\u00e0 <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>rendimenti <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>lla <span class=\"_ _15\"> </span>partecipata <span class=\"_ _15\"> </span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>al <span class=\"_ _15\"> </span>f<span class=\"_ _0\"></span>ine <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tare <span class=\"_ _15\"> </span>se <span class=\"_ _15\"> </span>il </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs98\">rendimento <span class=\"_ _c\"> </span>percepito <span class=\"_ _c\"> </span>dal <span class=\"_ _c\"> </span>Gruppo <span class=\"_ _c\"> </span>pu\u00f2 <span class=\"_ _c\"> </span>variare, <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>v<span class=\"_ _0\"></span>ia <span class=\"_ _c\"> </span>potenziale, <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>funzione <span class=\"_ _c\"> </span>dei <span class=\"_ _c\"> </span>risultati </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs99\">raggiunti dalla pa<span class=\"_ _1\"></span>rteci<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ta.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9a\">Determinata <span class=\"_ _b\"></span>l\u2019<span class=\"_ _0\"></span>esiste<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>controllo, <span class=\"_ _5\"></span>per <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>aluta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>se <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>pera <span class=\"_ _b\"></span>come <span class=\"_ _5\"></span>\u201cprincipale\u201d <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>\u201cagente\u201d, <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>l </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9b\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o prende in conside<span class=\"_ _1\"></span>razione i seguenti <span class=\"_ _1\"></span>fattori: </div><div class=\"t m1 h7 ff4 fs5 fc1 sc0 ls0 ws0 gs9c\">- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _0\"></span>potere <span class=\"_ _1\"></span>decisionale sul<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a at<span class=\"_ _1\"></span>tivit\u00e0 rilevanti della pa<span class=\"_ _1\"></span>rtecipata<span class=\"_ _1\"></span>;<span class=\"_ _4a1\"> </span></span><span class=\"ff2 fs2\"> </span><span class=\"ff2 fs2\"> </span></div><div class=\"t m1 h7 ff4 fs5 fc1 sc0 ls0 ws0 gs9e\">- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">i d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritti detenuti da alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i sog<span class=\"_ _1\"></span>getti; </span></div><div class=\"t m1 h7 ff4 fs5 fc1 sc0 ls0 ws0 gs9f\">- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">la r<span class=\"_ _0\"></span>em<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>nerazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e a cui il G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>uppo <span class=\"_ _1\"></span>ha diritto; </span></div><div class=\"t m1 h7 ff4 fs5 fc1 sc0 ls0 ws0 gsa0\">- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">l\u2019<span class=\"_ _0\"></span>esp<span class=\"_ _1\"></span>osizione <span class=\"_ _1\"></span>del Grupp<span class=\"_ _1\"></span>o alla <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>iabilit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _1\"></span>rendimenti der<span class=\"_ _1\"></span>ivanti dall\u2019e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span>uale pa<span class=\"_ _1\"></span>rtecipazione </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsa1\">detenuta nella parte<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipata<span class=\"_ _1\"></span>. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsa2\">L\u2019IFRS <span class=\"_ _c\"> </span>10 <span class=\"_ _c\"> </span>identifica <span class=\"_ _c\"> </span>come <span class=\"_ _c\"> </span>\u201cattivit\u00e0  r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vanti\u201d <span class=\"_ _c\"> </span>solo <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>attivit\u00e0  c<span class=\"_ _0\"></span>he <span class=\"_ _c\"> </span>influenzan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>significativame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _c\"> </span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsa3\">rendimenti della so<span class=\"_ _1\"></span>ciet\u00e0 partecipat<span class=\"_ _1\"></span>a. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsa4\">In <span class=\"_ _0\"></span>termin<span class=\"_ _1\"></span>i gen<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ali, quando le attivi<span class=\"_ _0\"></span>t\u00e0 rilevanti<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sono<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>gestite attraverso diritti di vo<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>i seguenti f<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ori </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsa5\">forniscono evide<span class=\"_ _1\"></span>nza di controllo: </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gsa6\">a)<span class=\"ff4 fs5\"> <span class=\"_ _1c\"> </span></span>possesso, <span class=\"_ _1\"></span>direttame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>direttame<span class=\"_ _3\"></span>nte attra<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> le p<span class=\"_ _3\"></span>roprie <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>ollate, <span class=\"_ _3\"></span>di pi<span class=\"_ _3\"></span>\u00f9<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _1\"></span> de<span class=\"_ _3\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsa7\">diri<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>voto<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>di u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>entit\u00e0 <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>meno <span class=\"_ _3\"></span>che,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>casi <span class=\"_ _3\"></span>eccezionali, <span class=\"_ _3\"></span>possa <span class=\"_ _3\"></span>essere <span class=\"_ _3\"></span>chiarame<span class=\"_ _1\"></span>nte <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>im<span class=\"_ _1\"></span>ostrato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsa8\">che tale possess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> non c<span class=\"_ _1\"></span>ostituisce controllo; </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gsa9\">b)<span class=\"ff4 fs5\"> <span class=\"_ _18\"> </span></span>possesso  della <span class=\"_ _f\"> </span>met\u00e0, <span class=\"_ _f\"> </span>o  di <span class=\"_ _f\"> </span>una  q<span class=\"_ _3\"></span>uo<span class=\"_ _0\"></span>ta <span class=\"_ _f\"> </span>inferiore, <span class=\"_ _f\"> </span>dei  voti <span class=\"_ _f\"> </span>esercitabili <span class=\"_ _f\"> </span>in  asse<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>blea <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>apa<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsaa\">pratica di governare u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ilateralmente <span class=\"_ _3\"></span>le attiv<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vanti attraverso:<span class=\"_ _1\"></span> </div><div class=\"t m1 h7 ff1e fs5 fc1 sc0 ls0 ws0 gsab\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il controllo di pi\u00f9 de<span class=\"_ _1\"></span>lla met\u00e0 dei diritti <span class=\"_ _1\"></span>di voto in virt<span class=\"_ _3\"></span>\u00f9<span class=\"_ _0\"></span> di u<span class=\"_ _1\"></span>n accordo con altri in<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>estitori<span class=\"_ _1\"></span>; </span></span></div><div class=\"t m1 h7 ff1e fs5 fc1 sc0 ls0 ws0 gsac\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _5\"></span>potere <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>determinare<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>politi<span class=\"_ _1\"></span>che <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>inanzia<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>operative <span class=\"_ _5\"></span>dell\u2019e<span class=\"_ _1\"></span>ntit\u00e0 <span class=\"_ _5\"></span>in <span class=\"_ _b\"></span>virt\u00f9 <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>lausole<span class=\"_ _3\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsad\">statutarie o di un c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntratto;<span class=\"_ _1\"></span> </div><div class=\"t m1 h7 ff1e fs5 fc1 sc0 ls0 ws0 gsae\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _e\"> </span>potere <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _d\"> </span>no<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>inare <span class=\"_ _e\"> </span>o <span class=\"_ _e\"> </span>di <span class=\"_ _19\"> </span>rimuo<span class=\"_ _1\"></span>vere <span class=\"_ _19\"> </span>la <span class=\"_ _e\"> </span>maggioranza <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>membri <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>onsigli<span class=\"_ _1\"></span>o <span class=\"_ _e\"> </span>di </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsaf\">amministrazione <span class=\"_ _1\"></span>o dell\u2019equivalente or<span class=\"_ _1\"></span>gano di gover<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o societari<span class=\"_ _1\"></span>o; </div><div class=\"t m1 h7 ff1e fs5 fc1 sc0 ls0 ws0 gsb0\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _c\"> </span>potere <span class=\"_ _16\"> </span>di <span class=\"_ _c\"> </span>eser<span class=\"_ _1\"></span>citare <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio<span class=\"_ _1\"></span>ranza <span class=\"_ _c\"> </span>dei <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritti <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>v<span class=\"_ _0\"></span>ot<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>sed<span class=\"_ _1\"></span>ute <span class=\"_ _c\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sigli<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsb1\">amministrazione <span class=\"_ _1\"></span>o dell\u2019equivalente or<span class=\"_ _1\"></span>gano di gover<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o societari<span class=\"_ _1\"></span>o. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsb2\">Per <span class=\"_ _f\"> </span>esercitare <span class=\"_ _f\"> </span>tali <span class=\"_ _f\"> </span>poteri <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>necessario <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>diritti <span class=\"_ _f\"> </span>vantati <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"> </span>sull\u2019entit\u00e0 <span class=\"_ _f\"> </span>partecipata <span class=\"_ _f\"></span>siano </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsb3\">sostanziali; <span class=\"_ _16\"> </span>per <span class=\"_ _1f\"> </span>essere <span class=\"_ _1f\"> </span>sostanzial<span class=\"_ _1\"></span>i <span class=\"_ _16\"> </span>tali <span class=\"_ _1f\"> </span>diritti <span class=\"_ _1f\"> </span>devono <span class=\"_ _16\"> </span>essere <span class=\"_ _1f\"> </span>praticamente <span class=\"_ _16\"> </span>esercitabil<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>quando <span class=\"_ _16\"> </span>le </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsb4\">decisioni sulle atti<span class=\"_ _1\"></span>vit\u00e0 rilevanti dev<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no essere<span class=\"_ _1\"></span> prese. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsb5\">Societ\u00e0 collegate<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsb6\">Una s<span class=\"_ _1\"></span>ociet\u00e0 <span class=\"_ _1\"></span>collegata <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n\u2019impre<span class=\"_ _1\"></span>sa <span class=\"_ _1\"></span>nella <span class=\"_ _1\"></span>quale <span class=\"_ _3\"></span>la p<span class=\"_ _3\"></span>artecipante ese<span class=\"_ _3\"></span>rcita u<span class=\"_ _1\"></span>n\u2019influenza <span class=\"_ _3\"></span>notevole e<span class=\"_ _3\"></span> che <span class=\"_ _3\"></span>non </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsb7\">\u00e8 <span class=\"_ _3\"></span>n\u00e9 <span class=\"_ _1\"></span>controllata <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>mani<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>esclusiva <span class=\"_ _3\"></span>n\u00e9 <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>ollata <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>do <span class=\"_ _3\"></span>congiunto. <span class=\"_ _3\"></span>L\u2019influenza <span class=\"_ _3\"></span>notevole <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>presume </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsb8\">in <span class=\"_ _19\"> </span>tutti <span class=\"_ _19\"> </span>i <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>asi <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i <span class=\"_ _19\"> </span>la <span class=\"_ _e\"> </span>Societ\u00e0 <span class=\"_ _19\"> </span>detiene <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>20% <span class=\"_ _e\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>una <span class=\"_ _e\"> </span>quota <span class=\"_ _19\"> </span>superiore <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>diri<span class=\"_ _0\"></span>tti<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>di <span class=\"_ _e\"> </span>vo<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _19\"> </span>e, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsb9\">indi<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>ndentemente  dalla  quota  posseduta,  qualo<span class=\"_ _1\"></span>ra  sussi<span class=\"_ _0\"></span>sta  il  pote<span class=\"_ _1\"></span>re  di<span class=\"_ _0\"></span>  parte<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipare  alle  decision<span class=\"_ _1\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsba\">gestionali <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>finanziarie <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _5\"></span>partecipata<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>in <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>irt\u00f9 <span class=\"_ _b\"></span>di <span class=\"_ _6\"></span>particolari <span class=\"_ _5\"></span>legami <span class=\"_ _5\"></span>giuridici <span class=\"_ _5\"></span>(i<span class=\"_ _0\"></span>.e<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>patti <span class=\"_ _5\"></span>parasociali) </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsbb\">aventi <span class=\"_ _15\"> </span>la <span class=\"_ _1f\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nalit\u00e0 <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>assicurare <span class=\"_ _1f\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>resentativit\u00e0 <span class=\"_ _15\"> </span>negli <span class=\"_ _15\"> </span>organi<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>g<span class=\"_ _0\"></span>estio<span class=\"_ _1\"></span>ne <span class=\"_ _15\"> </span>e <span class=\"_ _1f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>salvaguardare </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsbc\">l\u2019unitariet\u00e0 di indirizzo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>della <span class=\"_ _1\"></span>gestione, senza t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ttavi<span class=\"_ _3\"></span>a aver<span class=\"_ _0\"></span>ne il <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontroll<span class=\"_ _1\"></span>o. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsbd\">Le partecipazioni in s<span class=\"_ _1\"></span>ociet\u00e0 collegate so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tate second<span class=\"_ _1\"></span>o il metodo del pat<span class=\"_ _1\"></span>rimonio nett<span class=\"_ _1\"></span>o.  </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gsbe\">3. Partecipaz<span class=\"_ _1\"></span>ioni in societ\u00e0 contro<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>late <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n via <span class=\"_ _1\"></span>esclusiva con inter<span class=\"_ _1\"></span>essenze di terz<span class=\"_ _1\"></span>i significative<span class=\"_ _1\"></span> </div><div class=\"gsbf\"><table class=\"s w27a h352\" id=\"_075c1366-e4d6-4a13-ac65-d771da21a539\"><tr><td></td><td class=\"t m10 x357 h56 y17a5 ff3 fs20 fc1 sc0 ls0 ws0\">Int<span class=\"_ _0\"></span>eres<span class=\"_ _3\"></span>senze <span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>i </td><td class=\"t m10 x358 h56 y17a5 ff3 fs20 fc1 sc0 ls0 ws0\">Dispo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 vot<span class=\"_ _0\"></span>i </td><td class=\"t m10 x359 h56 y17a6 ff3 fs20 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>nd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> </td><td></td></tr><tr><td class=\"t m10 x35a h56 y17a7 ff3 fs20 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>enomin<span class=\"_ _0\"></span>azio<span class=\"_ _0\"></span>ne impres<span class=\"_ _1\"></span>a<span class=\"_ _4a1\"> </span></td><td class=\"t m10 x357 h56 y17a8 ff3 fs20 fc1 sc0 ls0 ws0\">t<span class=\"_ _0\"></span>erzi (%)<span class=\"_ _4a1\"> </span></td><td class=\"t m10 x358 h56 y17a8 ff3 fs20 fc1 sc0 ls0 ws0\">dei ter<span class=\"_ _0\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>(%)<span class=\"_ _4a1\"> </span></td><td class=\"t m10 x359 h56 y17a7 ff3 fs20 fc1 sc0 ls0 ws0\">di<span class=\"_ _0\"></span>stribu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>erz<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> </td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m10 x359 h56 y17a9 ff3 fs20 fc1 sc0 ls0 ws0\">(migl<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>ia di Eu<span class=\"_ _0\"></span>ro)<span class=\"_ _4a1\"> </span></td><td></td></tr><tr><td class=\"c n x1a9 y17ab w27b h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">C<span class=\"_ _0\"></span>ast<span class=\"_ _1\"></span>ello<span class=\"_ _3\"></span> SG<span class=\"_ _3\"></span>R S.<span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>.A<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x35b y17ab w27c h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>0%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x35c y17ab w27d h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">20%<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x35d y17ab w27e h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w27f h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">V<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ta S.r.<span class=\"_ _0\"></span>l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x35e y16d8 w280 h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">39,<span class=\"_ _0\"></span>16%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x35f y16d8 w280 h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">39,1<span class=\"_ _0\"></span>6%<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x360 y16d8 w27e h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsc0\">Rispetto al 3<span class=\"_ _1\"></span>1 dicemb<span class=\"_ _1\"></span>re 2023, in re<span class=\"_ _3\"></span>lazione alle i<span class=\"_ _1\"></span>nteressenze di te<span class=\"_ _3\"></span>rzi <span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>gni<span class=\"_ _0\"></span>ficati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e, <span class=\"_ _1\"></span>si seg<span class=\"_ _1\"></span>nala che in data<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsc1\">24 <span class=\"_ _1\"></span>gennaio <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>aste<span class=\"_ _3\"></span>llo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>SGR <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>stituito <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>Vita <span class=\"_ _3\"></span>Srl, <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _1\"></span>l\u2019obiettiv<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>creare <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>piattaforma </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsc2\">per la <span class=\"_ _3\"></span>gestione pr<span class=\"_ _1\"></span>of<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>ionale di i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bili res<span class=\"_ _3\"></span>id<span class=\"_ _0\"></span>enz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i destinati alla <span class=\"_ _3\"></span>loc<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>(c<span class=\"_ _0\"></span>.d. <span class=\"_ _3\"></span>settore Mult<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>family <span class=\"_ _3\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsc3\">Build-to-Rent). <span class=\"_ _b\"></span>In<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>data <span class=\"_ _5\"></span>25 <span class=\"_ _5\"></span>luglio <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>024 <span class=\"_ _b\"></span>ha <span class=\"_ _5\"></span>avu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>luogo <span class=\"_ _5\"></span>l\u2019<span class=\"_ _0\"></span>au<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Vita <span class=\"_ _5\"></span>Srl, <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>seguito <span class=\"_ _b\"></span>del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsc4\">quale <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>entrati <span class=\"_ _b\"></span>all\u2019interno <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la <span class=\"_ _b\"></span>compagine <span class=\"_ _0\"></span>sociale <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>controllata <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>diretta <span class=\"_ _0\"></span>Compass <span class=\"_ _b\"></span>Rock <span class=\"_ _b\"></span>Real </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsc5\">Estate Ltd (2,95% quota <span class=\"_ _3\"></span>li<span class=\"_ _0\"></span>be<span class=\"_ _1\"></span>rata in contanti) e Hall<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>is S.p.A. (<span class=\"_ _1\"></span>41% quota liberata il <span class=\"_ _3\"></span>6<span class=\"_ _0\"></span> agosto att<span class=\"_ _3\"></span>rav<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsc6\">il <span class=\"_ _e\"> </span>conferimento <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>am<span class=\"_ _1\"></span>o <span class=\"_ _e\"> </span>d\u2019<span class=\"_ _0\"></span>azie<span class=\"_ _3\"></span>nd<span class=\"_ _0\"></span>a <span class=\"_ _d\"> </span>o<span class=\"_ _0\"></span>perati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>, <span class=\"_ _d\"> </span>attiv<span class=\"_ _0\"></span>o <span class=\"_ _e\"> </span>nella <span class=\"_ _e\"> </span>gest<span class=\"_ _1\"></span>ione <span class=\"_ _e\"> </span>professionale <span class=\"_ _d\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>i<span class=\"_ _1\"></span>mmobili </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsc7\">residenziali destinati al<span class=\"_ _1\"></span>la locazione). In data 6 a<span class=\"_ _1\"></span>gosto 2024 Halldis S.p.A. <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a c<span class=\"_ _1\"></span>ontestualmente ceduto a<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsc8\">Castello SGR un<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>quota pari al 20% del <span class=\"_ _0\"></span>capitale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>socia<span class=\"_ _1\"></span>le <span class=\"_ _0\"></span>di Vita<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Srl<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>un corrispettivo in contanti <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ri </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsc9\">a <span class=\"_ _15\"> </span>Eu<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>2,6 <span class=\"_ _1f\"> </span>mi<span class=\"_ _0\"></span>lion<span class=\"_ _1\"></span>i. <span class=\"_ _d\"> </span>A <span class=\"_ _15\"> </span>seguito <span class=\"_ _1f\"> </span>di <span class=\"_ _d\"> </span>tale <span class=\"_ _1f\"> </span>o<span class=\"_ _0\"></span>perazio<span class=\"_ _1\"></span>ne, <span class=\"_ _15\"> </span>al <span class=\"_ _15\"> </span>3<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>embre <span class=\"_ _1f\"> </span>2024, <span class=\"_ _15\"> </span>Castello <span class=\"_ _15\"> </span>SGR <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>etie<span class=\"_ _1\"></span>ne </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsca\">direttamente <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>76,05% <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _3\"></span>di V<span class=\"_ _1\"></span>ita <span class=\"_ _3\"></span>Srl, e <span class=\"_ _3\"></span>di <span class=\"_ _8\"></span>con<span class=\"_ _0\"></span>se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uenza <span class=\"_ _3\"></span>Anima <span class=\"_ _3\"></span>Holding <span class=\"_ _3\"></span>detiene <span class=\"_ _3\"></span>indirettamente </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gscb\">il <span class=\"_ _5\"></span>60,84% <span class=\"_ _b\"></span>(<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i <span class=\"_ _5\"></span>rinvia <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>quanto <span class=\"_ _5\"></span>descritto<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>nel <span class=\"_ _b\"></span>successivo <span class=\"_ _5\"></span>para<span class=\"_ _1\"></span>grafo <span class=\"_ _b\"></span>\u201cParte <span class=\"_ _5\"></span>A <span class=\"_ _5\"></span>\u2013 <span class=\"_ _5\"></span>Politiche <span class=\"_ _b\"></span>contabili <span class=\"_ _b\"></span>- <span class=\"_ _5\"></span>Altre<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gscd\">informazioni <span class=\"_ _0\"></span>- \u201cO<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>razione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>confer<span class=\"_ _1\"></span>imento <span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>mo <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>zienda <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>Vita Srl\u201d <span class=\"_ _0\"></span>della pr<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>nte <span class=\"_ _0\"></span>Nota <span class=\"_ _0\"></span>integ<span class=\"_ _1\"></span>rativa </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsce\">consolidata al 31 d<span class=\"_ _1\"></span>icembre 2024).<span class=\"_ _3\"></span> </div><div class=\"gscf\"><table class=\"s w281 h354\" id=\"_5f45946d-2a9e-4937-8d03-c8b84f32dd84\"><tr><td class=\"c n x1a9 y17ad w282 h355\"><div class=\"t m11 x17f h59 y17ac ff3 fs21 fc1 sc0 ls0 ws0\">Deno<span class=\"_ _1\"></span>mina<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>ne impresa<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x361 y17ad w283 h355\"><div class=\"t m11 x17f h59 y17ac ff3 fs21 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _1\"></span>le Attivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x362 y17ad w284 h355\"><div class=\"t m11 x17f h59 y17ac ff3 fs21 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _1\"></span>le Passiv<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x363 y17ad w285 h355\"><div class=\"t m11 x17f h59 y17ac ff3 fs21 fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>nio<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Nett<span class=\"_ _0\"></span>o</div></td><td class=\"t m11 x364 h59 y17ae ff3 fs21 fc1 sc0 ls0 ws0\">Ut<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>le/<span class=\"_ _0\"></span>Per<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span> </td><td class=\"t m11 x365 h59 y17ae ff3 fs21 fc1 sc0 ls0 ws0\">Marg<span class=\"_ _3\"></span>ine </td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m11 x364 h59 y17af ff3 fs21 fc1 sc0 ls0 ws0\">d'ese<span class=\"_ _0\"></span>rcizi<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m11 x365 h59 y17af ff3 fs21 fc1 sc0 ls0 ws0\">commiss<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span>na<span class=\"_ _3\"></span>le<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y17b1 w286 h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">Caste<span class=\"_ _1\"></span>llo S<span class=\"_ _0\"></span>GR S<span class=\"_ _0\"></span>.p<span class=\"_ _1\"></span>.A.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x366 y17b1 w287 h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">36<span class=\"_ _0\"></span>.31<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x367 y17b1 w288 h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">36<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>31<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x368 y17b1 w289 h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.507<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x369 y17b1 w28a h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.985<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36a y17b1 w28b h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>1.71<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17b2 w28c h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">Vita S.r.l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36b y17b2 w28d h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">11.62<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36c y17b2 w28e h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">11<span class=\"_ _0\"></span>.62<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36d y17b2 w28a h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">3.18<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36e y17b2 w28f h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">(45<span class=\"_ _0\"></span>6)</div></td><td class=\"c x36f y17b3 w1f h5b\"><div class=\"t m11 x3b h5a y46b ff2 fs21 fc1 sc0 ls0 ws0\">     <span class=\"_ _0\"></span>       <span class=\"_ _0\"></span>     <span class=\"_ _0\"></span>     <span class=\"_ _0\"></span>      <span class=\"_ _0\"></span>   -   </div></td></tr></table></div><div class=\"t m1 h18 ff2 fs7 fc1 sc0 ls0 ws0 gsd0\">Si <span class=\"_ _1\"></span>segnala <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>al 31<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>Vi<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>Srl <span class=\"_ _1\"></span>detiene <span class=\"_ _3\"></span>una p<span class=\"_ _3\"></span>artecipazion<span class=\"_ _3\"></span>e dell\u201980% <span class=\"_ _3\"></span>in GE<span class=\"_ _3\"></span>M Hospi<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ali<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y S<span class=\"_ _1\"></span>.r.l. <span class=\"_ _3\"></span>(societ\u00e0 </div><div class=\"t m1 h18 ff2 fs7 fc1 sc0 ls0 ws0 gsd1\">costituita <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>inizio <span class=\"_ _b\"></span>202<span class=\"_ _1\"></span>4). <span class=\"_ _0\"></span>La <span class=\"_ _b\"></span>parte<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>consolidata <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>embre <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>quanto, <span class=\"_ _b\"></span>sul<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>base </div><div class=\"t m1 h18 ff2 fs7 fc1 sc0 ls0 ws0 gsd2\">dell\u2019analisi d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>patti <span class=\"_ _0\"></span>para<span class=\"_ _1\"></span>sociali <span class=\"_ _0\"></span>e dei<span class=\"_ _0\"></span> contratti i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>essere, Anima <span class=\"_ _0\"></span>Holdin<span class=\"_ _1\"></span>g <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>detiene il <span class=\"_ _0\"></span>controllo, m<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>ercita </div><div class=\"t m1 h18 ff2 fs7 fc1 sc0 ls0 ws0 gsd3\">comun<span class=\"_ _1\"></span>que un\u2019influen<span class=\"_ _1\"></span>za signif<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ca<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>iva. <span class=\"_ _3\"></span> </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gsd4\">4. Restrizioni sign<span class=\"_ _1\"></span>ificative<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsd5\">Il G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>uppo <span class=\"_ _3\"></span>ritiene <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>non a<span class=\"_ _3\"></span>ver<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>vincoli <span class=\"_ _3\"></span>di nat<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ra <span class=\"_ _1\"></span>stat<span class=\"_ _3\"></span>uaria, paraso<span class=\"_ _1\"></span>ciale <span class=\"_ _3\"></span>o re<span class=\"_ _1\"></span>golamentare <span class=\"_ _3\"></span>che impedis<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsd6\">o limitino la sua <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apacit\u00e0 di a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>cedere al<span class=\"_ _1\"></span>le attivit\u00e0 o di re<span class=\"_ _1\"></span>gol<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>re l<span class=\"_ _0\"></span>e pa<span class=\"_ _1\"></span>ssivit\u00e0.<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gsd7\">5. Altre informaz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>oni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsd8\">Nella redazione del <span class=\"_ _0\"></span>Bi<span class=\"_ _1\"></span>lancio consolidato sono stati util<span class=\"_ _0\"></span>izzat<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incipi<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>contabili omogenei sulla base dei </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsd9\">bilanci <span class=\"_ _15\"> </span>al <span class=\"_ _1f\"> </span>3<span class=\"_ _0\"></span>1 <span class=\"_ _16\"> </span>dic<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>mbre <span class=\"_ _1f\"> </span>2024 <span class=\"_ _15\"> </span>approvati <span class=\"_ _1f\"> </span>dai <span class=\"_ _15\"> </span>rispettivi <span class=\"_ _1f\"> </span>Con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ig<span class=\"_ _0\"></span>li <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>Amministrazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>delle <span class=\"_ _1f\"> </span>societ\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsda\">integralmente <span class=\"_ _16\"> </span>consolidate. <span class=\"_ _1f\"> </span>Tutte <span class=\"_ _1f\"> </span>le <span class=\"_ _1f\"> </span>societ\u00e0 <span class=\"_ _16\"> </span>consolidate <span class=\"_ _1f\"> </span>adottano <span class=\"_ _16\"> </span>l\u2019Euro <span class=\"_ _1f\"> </span>quale <span class=\"_ _1f\"> </span>moneta <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsdb\">funzionale. <span class=\"_ _15\"> </span>Non <span class=\"_ _d\"> </span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ltano <span class=\"_ _15\"> </span>b<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>lanci <span class=\"_ _15\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>societ\u00e0<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>controll<span class=\"_ _0\"></span>ate <span class=\"_ _1f\"> </span>u<span class=\"_ _0\"></span>til<span class=\"_ _1\"></span>izzati <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>redazione <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>Bi<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span>ncio </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsdc\">consolidato <span class=\"_ _b\"></span>che <span class=\"_ _5\"></span>hanno <span class=\"_ _b\"></span>com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferimento <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>data <span class=\"_ _5\"></span>diversa <span class=\"_ _b\"></span>da <span class=\"_ _5\"></span>qu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Bilancio <span class=\"_ _b\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lidat<span class=\"_ _1\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsdd\">stesso. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsde\">Tra <span class=\"_ _f\"></span>le <span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>rollate <span class=\"_ _6\"></span>possono<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>essere <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omprese <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>le <span class=\"_ _f\"> </span>cosiddette <span class=\"_ _6\"></span>\u201c<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tit\u00e0 <span class=\"_ _6\"></span>strutturate\u201d, <span class=\"_ _6\"></span>nelle <span class=\"_ _f\"> </span>quali <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsdf\">diri<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>voto <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>significativ<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>ai <span class=\"_ _b\"></span>fini <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>sussistenza <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>cont<span class=\"_ _1\"></span>rollo, <span class=\"_ _0\"></span>ivi <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>cluse <span class=\"_ _0\"></span>societ\u00e0 <span class=\"_ _b\"></span>o <span class=\"_ _b\"></span>entit\u00e0 <span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gse0\">destinazione spe<span class=\"_ _1\"></span>cifica (\u201cspecial purp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>se entities\u201d)<span class=\"_ _1\"></span> e fondi di i<span class=\"_ _1\"></span>nvestimento. <span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gse1\">I <span class=\"_ _0\"></span>fondi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>investimento <span class=\"_ _0\"></span>gestiti <span class=\"_ _0\"></span>dalle <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>oci<span class=\"_ _0\"></span>et\u00e0 del <span class=\"_ _0\"></span>Grup<span class=\"_ _1\"></span>po <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>considerati <span class=\"_ _0\"></span>controllati <span class=\"_ _0\"></span>qualo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>Gruppo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gse2\">sia e<span class=\"_ _1\"></span>sposto i<span class=\"_ _1\"></span>n misu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>gni<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>icativa <span class=\"_ _3\"></span>alla <span class=\"_ _1\"></span>variabilit\u00e0 dei <span class=\"_ _3\"></span>rendimenti e <span class=\"_ _3\"></span>nel cas<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>cui gli <span class=\"_ _3\"></span>inv<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>itori terzi <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gse3\">abbiano diritti di <span class=\"_ _1\"></span>rimozione della s<span class=\"_ _1\"></span>ociet\u00e0 di gestione<span class=\"_ _1\"></span>. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gse4\">Con <span class=\"_ _3\"></span>riferimento <span class=\"_ _3\"></span>al <span class=\"_ _8\"></span>3<span class=\"_ _0\"></span>1 <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cembre <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>non <span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>isultano <span class=\"_ _3\"></span>fondi <span class=\"_ _8\"></span>comuni <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>invest<span class=\"_ _1\"></span>imento <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>considerarsi<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>entit\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gse5\">controllate.  </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gse7\">Metodi di conso<span class=\"_ _1\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _3\"></span>me<span class=\"_ _0\"></span>nto<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gse8\">Consolidamento inte<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rale </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gse9\">Il <span class=\"_ _d\"> </span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lidament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>integrale <span class=\"_ _d\"> </span>consiste <span class=\"_ _15\"> </span>nell\u2019acquisizione <span class=\"_ _15\"> </span>\u201cl<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nea <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>linea\u201d <span class=\"_ _15\"> </span>degli <span class=\"_ _e\"> </span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gregati<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>stato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsea\">patrimoniale <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>conto <span class=\"_ _0\"></span>economic<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>societ\u00e0 c<span class=\"_ _0\"></span>ontrollate. <span class=\"_ _0\"></span>Il <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>partecipazioni <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>annullat<span class=\"_ _1\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gseb\">in c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>opartita al <span class=\"_ _0\"></span>va<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>del patrimoni<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> delle controllate,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ribuendo ai <span class=\"_ _0\"></span>te<span class=\"_ _1\"></span>rzi, se <span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>resenti, le <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>te di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsec\">loro pertinenza del pa<span class=\"_ _1\"></span>trimonio e del ris<span class=\"_ _1\"></span>ultato econ<span class=\"_ _1\"></span>omico. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsed\">Le d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ffere<span class=\"_ _1\"></span>nze <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ultanti <span class=\"_ _1\"></span>da <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>sta ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione, <span class=\"_ _3\"></span>se <span class=\"_ _1\"></span>positive, <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ate <span class=\"_ _3\"></span>\u2013 <span class=\"_ _1\"></span>dopo<span class=\"_ _1\"></span> l\u2019e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span>uale <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mputazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsee\">ad <span class=\"_ _d\"> </span>elemen<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _e\"> </span>dell\u2019attivo <span class=\"_ _d\"> </span>o <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>passivo <span class=\"_ _e\"> </span>de<span class=\"_ _1\"></span>lla <span class=\"_ _d\"> </span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollat<span class=\"_ _1\"></span>a <span class=\"_ _d\"> </span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>nella <span class=\"_ _d\"> </span>voce <span class=\"_ _e\"> </span>Atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _d\"> </span>immateriali <span class=\"_ _15\"> </span>come </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsef\">avviamento o<span class=\"_ _1\"></span> come altre<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 inta<span class=\"_ _1\"></span>ngibili. Le<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>enze <span class=\"_ _1\"></span>negative so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o imp<span class=\"_ _3\"></span>utate al conto ec<span class=\"_ _1\"></span>onomico. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsf0\">Gli <span class=\"_ _1b\"> </span>importi <span class=\"_ _19\"> </span>riferiti <span class=\"_ _1b\"> </span>ad <span class=\"_ _19\"> </span>attivit\u00e0, <span class=\"_ _1b\"> </span>passivit\u00e0, <span class=\"_ _19\"> </span>proventi <span class=\"_ _1b\"> </span>ed <span class=\"_ _e\"> </span>o<span class=\"_ _0\"></span>neri <span class=\"_ _19\"> </span>tr<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>imprese <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>onsolidate <span class=\"_ _19\"> </span>vengono<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsf1\">integralmente eliminati<span class=\"_ _1\"></span>. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsf2\">Le <span class=\"_ _0\"></span>acquisizioni <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>societ\u00e0 <span class=\"_ _0\"></span>sono<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>contabilizzate <span class=\"_ _0\"></span>secondo <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>\u201cmetodo d<span class=\"_ _0\"></span>ell\u2019a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisizi<span class=\"_ _1\"></span>one\u201d <span class=\"_ _0\"></span>previsto <span class=\"_ _0\"></span>dall\u2019IFRS </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsf3\">3, <span class=\"_ _0\"></span>cos\u00ec <span class=\"_ _0\"></span>come<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>modificato dal <span class=\"_ _0\"></span>Regolamento <span class=\"_ _0\"></span>495/<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>009, i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>al q<span class=\"_ _0\"></span>uale<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _0\"></span>ide<span class=\"_ _1\"></span>ntificabili <span class=\"_ _0\"></span>acqu<span class=\"_ _1\"></span>isite </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsf4\">e le <span class=\"_ _3\"></span>passivit\u00e0 identificabili <span class=\"_ _3\"></span>assun<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>(comprese q<span class=\"_ _1\"></span>uelle <span class=\"_ _1\"></span>potenziali) de<span class=\"_ _1\"></span>vono esse<span class=\"_ _1\"></span>re rilevate <span class=\"_ _3\"></span>ai rispettivi <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>air </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsf5\">value <span class=\"_ _0\"></span>alla data d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>acquisizione. Inoltre, per ogni<span class=\"_ _0\"></span> aggregazione aziendale, eventuali quote di m<span class=\"_ _0\"></span>inora<span class=\"_ _1\"></span>nza </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsf6\">nella <span class=\"_ _d\"> </span>societ\u00e0 <span class=\"_ _15\"> </span>acq<span class=\"_ _1\"></span>uisita <span class=\"_ _d\"> </span>possono <span class=\"_ _15\"> </span>esse<span class=\"_ _1\"></span>re <span class=\"_ _d\"> </span>rilevate<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>al <span class=\"_ _d\"> </span>fair<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>value <span class=\"_ _15\"> </span>o <span class=\"_ _15\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>propo<span class=\"_ _1\"></span>rzione <span class=\"_ _15\"> </span>alla <span class=\"_ _15\"> </span>quota <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>ella<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsf7\">partecipazione <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>minoranza <span class=\"_ _c\"> </span>nelle <span class=\"_ _c\"> </span>attivit\u00e0 <span class=\"_ _c\"> </span>nette <span class=\"_ _c\"> </span>identificabili <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>so<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _c\"> </span>acquisite. <span class=\"_ _c\"> </span>L\u2019eventuale </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsf8\">eccedenza <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>corrispettiv<span class=\"_ _1\"></span>o <span class=\"_ _1f\"> </span>trasferito<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>- <span class=\"_ _16\"> </span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentato <span class=\"_ _1f\"> </span>dal <span class=\"_ _16\"> </span>fair <span class=\"_ _16\"> </span>value <span class=\"_ _16\"> </span>delle <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>ute, <span class=\"_ _16\"> </span>delle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsf9\">passivit\u00e0 <span class=\"_ _0\"></span>sostenute, <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>gli <span class=\"_ _0\"></span>strumenti <span class=\"_ _0\"></span>di c<span class=\"_ _0\"></span>apitale <span class=\"_ _0\"></span>eme<span class=\"_ _1\"></span>ssi <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>de<span class=\"_ _1\"></span>lla <span class=\"_ _0\"></span>eventuale <span class=\"_ _0\"></span>rilevazi<span class=\"_ _1\"></span>one <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>delle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsfa\">quo<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>  d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>oranza  rispett<span class=\"_ _1\"></span>o  al  fair  value<span class=\"_ _1\"></span>  delle  at<span class=\"_ _3\"></span>tiv<span class=\"_ _0\"></span>it\u00e0  e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>assivit\u00e0  acquis<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>te  -<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>vie<span class=\"_ _1\"></span>ne  rilevata <span class=\"_ _f\"> </span>co<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsfb\">avviamento; qualo<span class=\"_ _1\"></span>ra il prezzo risulti i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>feri<span class=\"_ _1\"></span>ore, la differenza vie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e imp<span class=\"_ _1\"></span>utata a conto economi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o.<span class=\"_ _4a1\"> </span><span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsfd\">Il <span class=\"_ _0\"></span>\u201cmetodo <span class=\"_ _0\"></span>dell\u2019acquisizione\u201d v<span class=\"_ _0\"></span>iene <span class=\"_ _0\"></span>appli<span class=\"_ _1\"></span>cato <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>parti<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>alla data <span class=\"_ _0\"></span>dell\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>cquisi<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>ia <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>momento </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsfe\">in cui si ottie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>fettivame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>ollo della soci<span class=\"_ _3\"></span>et\u00e0 acquisita. Pertant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, i r<span class=\"_ _1\"></span>isultati econ<span class=\"_ _1\"></span>omici di <span class=\"_ _1\"></span>una </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsff\">controllata <span class=\"_ _1\"></span>acquisita <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>corso del <span class=\"_ _3\"></span>periodo di <span class=\"_ _3\"></span>riferimento s<span class=\"_ _3\"></span>ono inclusi <span class=\"_ _3\"></span>nel Bilan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>olidato a <span class=\"_ _3\"></span>partire </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs100\">dalla data della sua acquisizione. Parimenti, i risulta<span class=\"_ _3\"></span>ti ec<span class=\"_ _0\"></span>onomic<span class=\"_ _1\"></span>i di una controllata ceduta sono inclu<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs101\">nel Bilancio consoli<span class=\"_ _1\"></span>dato fino alla data<span class=\"_ _1\"></span> in cui il cont<span class=\"_ _1\"></span>rollo \u00e8 cessato. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs102\">La <span class=\"_ _0\"></span>differenza <span class=\"_ _0\"></span>tra i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>corrispettivo di <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>ione <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _0\"></span>contabile <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>data di <span class=\"_ _0\"></span>dismissione <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>rilevata n<span class=\"_ _0\"></span>el </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs103\">conto economico. </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInOtherEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-521": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 5 \u2013 Area e metodi di consolidamento 1.<span class=\"ff1d fs5\"> <span class=\"_ _1c\"> </span></span>Partecipazioni <span class=\"_ _1\"></span>in societ\u00e0 control<span class=\"_ _1\"></span>late in via esclus<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>va Nel <span class=\"_ _0\"></span>prospetto <span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _0\"></span>segue <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>indicate <span class=\"_ _0\"></span>le<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>partecipaz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>incluse <span class=\"_ _0\"></span>nell\u2019area<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>consolidame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rale del presente Bilancio <span class=\"_ _1\"></span>consolidato al <span class=\"_ _1\"></span>31 dicembre 2024:<span class=\"_ _3\"></span> <table class=\"s w276 h350\" id=\"_0294db48-96a0-4278-ba7a-9af9b8043b83\"><tr><td></td><td class=\"t m1 x33f h53 y178b ff3 fs6 fc1 sc0 ls0 ws0\">Sede </td><td class=\"t m1 x340 h53 y178b ff3 fs6 fc1 sc0 ls0 ws0\">Sede </td><td class=\"t m1 x341 h53 y178c ff3 fs6 fc1 sc0 ls0 ws0\">Tipo di </td><td class=\"c x342 y178d we h54\"><div class=\"t m1 x3b h53 y46b ff3 fs6 fc1 sc0 ls0 ws0\">Rappo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to di <span class=\"_ _3\"></span>parteci<span class=\"_ _1\"></span>pazione<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"t m1 x343 h53 y178b ff3 fs6 fc1 sc0 ls0 ws0\">Dispo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ibili<span class=\"_ _1\"></span>t\u00e0 </td></tr><tr><td class=\"t m1 x344 h53 y178e ff3 fs6 fc1 sc0 ls0 ws0\">Denomi<span class=\"_ _1\"></span>nazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne i<span class=\"_ _1\"></span>mp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>a </td><td class=\"t m1 x345 h53 y178f ff3 fs6 fc1 sc0 ls0 ws0\">operativ<span class=\"_ _1\"></span>a </td><td class=\"t m1 x346 h53 y178f ff3 fs6 fc1 sc0 ls0 ws0\">legale<span class=\"_ _3\"></span> </td><td class=\"t m1 x347 h53 y178e ff3 fs6 fc1 sc0 ls0 ws0\">rappor<span class=\"_ _3\"></span>to<span class=\"_ _0\"></span> </td><td class=\"t m1 x348 h53 y1790 ff3 fs6 fc1 sc0 ls0 ws0\">Quota <span class=\"_ _3\"></span>% </td><td class=\"t m1 x349 h53 y1791 ff3 fs6 fc1 sc0 ls0 ws0\">Impre<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>a </td><td class=\"t m1 x34a h53 y178f ff3 fs6 fc1 sc0 ls0 ws0\">voti <span class=\"_ _1\"></span>% (b)<span class=\"_ _1\"></span> </td></tr><tr><td></td><td></td><td></td><td class=\"c x34c y1794 w277 h351\" colspan=\"2\"><div class=\"t m1 x17f h53 y1792 ff3 fs6 fc1 sc0 ls0 ws0\">(a)<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34b h53 y1793 ff3 fs6 fc1 sc0 ls0 ws0\">parteci<span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x34d y1795 w10 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima S<span class=\"_ _3\"></span>GR<span class=\"_ _0\"></span> S.<span class=\"_ _3\"></span>p.A.<span class=\"_ _4a1\"> </span></div></td><td class=\"c x34f y1797 w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x350 y1797 w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x351 y1795 wf h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">1<span class=\"_ _4a1\"> </span></div></td><td class=\"c x352 y1795 w15 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">100%<span class=\"_ _4a1\"> </span></div></td><td class=\"c x353 y1795 w14 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>old<span class=\"_ _3\"></span>ing </div></td><td></td></tr><tr><td></td><td class=\"t m1 x33f h55 y1798 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td class=\"t m1 x340 h55 y1798 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td></td><td></td><td class=\"t m1 x353 h55 y1798 ff2 fs6 fc1 sc0 ls0 ws0\">S.p.A.<span class=\"_ _1\"></span> </td><td></td></tr><tr><td class=\"c x34d y1799 w16 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima <span class=\"_ _e\"> </span>Al<span class=\"_ _0\"></span>ter<span class=\"_ _3\"></span>native <span class=\"_ _19\"> </span>S.p.A.<span class=\"_ _4a1\"> </span></div></td><td class=\"c x34f y179a w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x350 y179a w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x351 y1799 wf h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">1<span class=\"_ _4a1\"> </span></div></td><td class=\"c x352 y1799 w15 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">100%<span class=\"_ _4a1\"> </span></div></td><td class=\"c x353 y1799 w14 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>old<span class=\"_ _3\"></span>ing </div></td><td></td></tr><tr><td class=\"t m1 x34d h55 y179b ff2 fs6 fc1 sc0 ls0 ws0\">SGR </td><td class=\"t m1 x33f h55 y179b ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td class=\"t m1 x340 h55 y179b ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td></td><td></td><td class=\"t m1 x353 h55 y179b ff2 fs6 fc1 sc0 ls0 ws0\">S.p.A.<span class=\"_ _1\"></span> </td><td></td></tr><tr><td class=\"c x34d y179c w18 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Castello S<span class=\"_ _3\"></span>GR S.p.A. </div></td><td class=\"c x34f y179d w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x350 y179d w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x351 y179c wf h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">1<span class=\"_ _4a1\"> </span></div></td><td class=\"c x354 y179c w19 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">80%<span class=\"_ _4a1\"> </span></div></td><td class=\"c x353 y179c w14 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>old<span class=\"_ _3\"></span>ing </div></td><td></td></tr><tr><td></td><td class=\"t m1 x33f h55 y179e ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td class=\"t m1 x340 h55 y179e ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td></td><td></td><td class=\"t m1 x353 h55 y179e ff2 fs6 fc1 sc0 ls0 ws0\">S.p.A..<span class=\"_ _1\"></span> </td><td></td></tr><tr><td class=\"c x34d y179f w1a h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Kairo<span class=\"_ _1\"></span>s Partner<span class=\"_ _3\"></span>s SGR S.p.<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c x355 y17a0 w279 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c x350 y17a0 w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x351 y179f wf h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">1<span class=\"_ _4a1\"> </span></div></td><td class=\"c x352 y179f w15 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">100%<span class=\"_ _4a1\"> </span></div></td><td class=\"c x353 y179f w14 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>old<span class=\"_ _3\"></span>ing </div></td><td></td></tr><tr><td></td><td class=\"t m1 x33f h55 y17a1 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td class=\"t m1 x340 h55 y17a1 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td></td><td></td><td class=\"t m1 x353 h55 y17a1 ff2 fs6 fc1 sc0 ls0 ws0\">S.p.A.<span class=\"_ _1\"></span> </td><td></td></tr><tr><td class=\"c x34d y17a2 w1c h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Vita S.r.l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c x355 y17a3 w279 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c x350 y17a3 w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x351 y17a2 wf h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">1<span class=\"_ _4a1\"> </span></div></td><td class=\"c x356 y17a2 w1e h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">76,05<span class=\"_ _1\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c x353 y17a2 w1d h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Castello S<span class=\"_ _3\"></span>GR </div></td><td></td></tr><tr><td></td><td class=\"t m1 x33f h55 y17a4 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td class=\"t m1 x340 h55 y17a4 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td></td><td></td><td class=\"t m1 x353 h55 y17a4 ff2 fs6 fc1 sc0 ls0 ws0\">S.p.A. <span class=\"_ _3\"></span> </td><td></td></tr></table>a) Tipo <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rappo<span class=\"_ _0\"></span>rto: 1=magg<span class=\"_ _0\"></span>ioranza de<span class=\"_ _0\"></span>i diritti di vo<span class=\"_ _0\"></span>to nell\u2019assem<span class=\"_ _0\"></span>blea ordinar<span class=\"_ _0\"></span>ia b) <span class=\"_ _b\"></span>Ov<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ifferente<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>dalla <span class=\"_ _5\"></span>quota <span class=\"_ _5\"> </span>% <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>tecipazione<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u00e8<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>indicata<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dis<span class=\"_ _0\"></span>ponibilit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>oti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>nel<span class=\"_ _0\"></span>l\u2019assemblea<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>ordina<span class=\"_ _0\"></span>ria, <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span>stinguen<span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra <span class=\"_ _b\"></span>effet<span class=\"_ _0\"></span>tivi <span class=\"_ _b\"></span>e<span class=\"_ _0\"></span> potenzia<span class=\"_ _0\"></span>li Rispetto al 31 dicemb<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e 202<span class=\"_ _1\"></span>3, l\u2019area di consolidam<span class=\"_ _3\"></span>ento<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a subito <span class=\"_ _1\"></span>le seguenti va<span class=\"_ _1\"></span>riazioni:<span class=\"fsb\"> </span>-<span class=\"ff4 fs5\"> <span class=\"_ _1a\"> </span></span>acquisizione del 1<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>0% di <span class=\"_ _0\"></span>Kai<span class=\"_ _1\"></span>ros <span class=\"_ _0\"></span>SGR, perfezionata<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>data 2 maggio 2024 (al r<span class=\"_ _0\"></span>iguardo<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>si<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>rinvia a <span class=\"_ _0\"></span>quanto<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>evide<span class=\"_ _1\"></span>nziato <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>\u201cParte <span class=\"_ _0\"></span>A <span class=\"_ _0\"></span>- <span class=\"_ _b\"></span>Politiche <span class=\"_ _0\"></span>conta<span class=\"_ _1\"></span>bili <span class=\"_ _b\"></span>\u2013 <span class=\"_ _0\"></span>Altre <span class=\"_ _0\"></span>Informazioni <span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span> Operazione <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>Kai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>os <span class=\"_ _3\"></span>SGR\u201d <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>presente <span class=\"_ _1\"></span>Nota <span class=\"_ _3\"></span>integrati<span class=\"_ _1\"></span>va <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onsolidata<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicemb<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>2024); -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">in <span class=\"_ _b\"></span>data <span class=\"_ _6\"></span>24 <span class=\"_ _5\"></span>gennaio <span class=\"_ _5\"></span>2024, <span class=\"_ _5\"></span>Castello <span class=\"_ _5\"></span>SGR <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>costituit<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>la <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>Vita <span class=\"_ _5\"></span>Srl, <span class=\"_ _5\"></span>riducendo, <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>seguit<span class=\"_ _1\"></span>o </span></span>degli <span class=\"_ _1b\"> </span>eventi <span class=\"_ _1b\"> </span>so<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ietari <span class=\"_ _1b\"> </span>i<span class=\"_ _1\"></span>ntercorsi <span class=\"_ _19\"> </span>nel<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>corso <span class=\"_ _1b\"> </span>del <span class=\"_ _19\"> </span>terzo <span class=\"_ _1b\"> </span>trimestre <span class=\"_ _1b\"> </span>2024, <span class=\"_ _19\"> </span>la <span class=\"_ _1b\"> </span>sua <span class=\"_ _1b\"> </span>quota <span class=\"_ _19\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> partecipazione <span class=\"_ _f\"> </span>al<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>76,05% <span class=\"_ _6\"></span>(per <span class=\"_ _6\"></span>ul<span class=\"_ _0\"></span>ter<span class=\"_ _1\"></span>iori <span class=\"_ _f\"> </span>detta<span class=\"_ _3\"></span>gl<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>si <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>invia <span class=\"_ _6\"></span>a <span class=\"_ _f\"> </span>q<span class=\"_ _1\"></span>uanto <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ip<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtato <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _6\"></span>\u201cParte <span class=\"_ _6\"></span>A <span class=\"_ _f\"> </span>- Politiche <span class=\"_ _1\"></span>contabili \u2013 <span class=\"_ _3\"></span>Altre in<span class=\"_ _1\"></span>formazioni <span class=\"_ _3\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Operazione <span class=\"_ _3\"></span>di conferiment<span class=\"_ _1\"></span>o ramo <span class=\"_ _3\"></span>aziend<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>in Vita <span class=\"_ _3\"></span>Srl\u201d della presente N<span class=\"_ _1\"></span>ota integrativa consoli<span class=\"_ _1\"></span>data al 31 dicembre 2<span class=\"_ _1\"></span>024). 2. Valutazioni e assun<span class=\"_ _1\"></span>zioni sign<span class=\"_ _1\"></span>ificative per det<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>minare l\u2019area d<span class=\"_ _1\"></span>i consolidamento<span class=\"_ _1\"></span> Societ\u00e0 controllate<span class=\"_ _3\"></span> Sono <span class=\"_ _0\"></span>considerate <span class=\"_ _0\"></span>controllate le <span class=\"_ _b\"></span>imp<span class=\"_ _1\"></span>rese <span class=\"_ _0\"></span>nelle <span class=\"_ _0\"></span>quali <span class=\"_ _0\"></span>Anima <span class=\"_ _0\"></span>Holding <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>esposta <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>rendimenti <span class=\"_ _0\"></span>va<span class=\"_ _1\"></span>riabili, <span class=\"_ _0\"></span>o detiene <span class=\"_ _5\"></span>diritti <span class=\"_ _b\"></span>su <span class=\"_ _5\"></span>tali <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>endime<span class=\"_ _1\"></span>nti, <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>erivanti <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>proprio <span class=\"_ _b\"></span>rapporto <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _b\"></span>le <span class=\"_ _5\"></span>stesse <span class=\"_ _5\"></span>e, <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ontempo<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>ha<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>la capacit\u00e0 di incidere s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>i ren<span class=\"_ _1\"></span>dimenti esercita<span class=\"_ _1\"></span>ndo il <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>roprio potere su tal<span class=\"_ _1\"></span>i entit\u00e0. Il controllo pu\u00f2 <span class=\"_ _1\"></span>configurarsi solame<span class=\"_ _1\"></span>nte con la prese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za contempo<span class=\"_ _1\"></span>ranea dei se<span class=\"_ _1\"></span>guenti elementi:<span class=\"_ _3\"></span> - <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _0\"></span>potere <span class=\"_ _1\"></span>di dirigere le atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 r<span class=\"_ _1\"></span>ilevanti della pa<span class=\"_ _1\"></span>rtecip<span class=\"_ _1\"></span>ata; </span>- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">l\u2019<span class=\"_ _0\"></span>esp<span class=\"_ _1\"></span>osizione <span class=\"_ _f\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>i  di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itti  a<span class=\"_ _1\"></span>  re<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>diment<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>abi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti  da<span class=\"_ _1\"></span>l  rapport<span class=\"_ _1\"></span>o  co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>l<span class=\"_ _0\"></span>\u2019e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tit\u00e0 <span class=\"_ _f\"> </span>oggetto  di<span class=\"_ _3\"></span> </span>investimento; - <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">la <span class=\"_ _c\"> </span>capacit\u00e0  di <span class=\"_ _c\"> </span>ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>citare  il <span class=\"_ _c\"> </span>prop<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>potere  sull\u2019en<span class=\"_ _1\"></span>tit\u00e0  o<span class=\"_ _0\"></span>ggetto  di  investimento  per <span class=\"_ _c\"> </span>incide<span class=\"_ _1\"></span>re </span>sull\u2019ammontare dei s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>oi re<span class=\"_ _1\"></span>ndimenti. Nello specifico il G<span class=\"_ _1\"></span>ruppo considera <span class=\"_ _1\"></span>i seguenti fatt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ri per valutare <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>esiste<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za di <span class=\"_ _1\"></span>controllo: - <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">lo<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>scopo <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>la <span class=\"_ _5\"></span>struttura<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>della <span class=\"_ _b\"></span>partecipat<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>\u2013 <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>fine <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>identificare <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>obiettivi <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ell\u2019entit\u00e0,<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>le <span class=\"_ _b\"></span>su<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> </span>attivit\u00e0 <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vanti <span class=\"_ _6\"></span>(ovv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>lle <span class=\"_ _f\"> </span>che <span class=\"_ _6\"></span>maggiorment<span class=\"_ _1\"></span>e <span class=\"_ _f\"></span>ne <span class=\"_ _6\"></span>influenzano <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>rendimenti) <span class=\"_ _f\"> </span>e <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ome <span class=\"_ _6\"></span>tali attivit\u00e0 sono governate<span class=\"_ _1\"></span>; - <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>otere  \u2013<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>a<span class=\"_ _1\"></span>l  fine <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>compr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e  se<span class=\"_ _1\"></span>  il  Gruppo<span class=\"_ _1\"></span>  h<span class=\"_ _1\"></span>a  diritti  c<span class=\"_ _1\"></span>ontrattuali  che  attr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>uiscono  la </span>capacit\u00e0 di dirigere le atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 r<span class=\"_ _1\"></span>ilevanti; - <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">l\u2019<span class=\"_ _0\"></span>esp<span class=\"_ _1\"></span>osizione <span class=\"_ _d\"> </span>alla <span class=\"_ _1f\"> </span>v<span class=\"_ _0\"></span>aria<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ilit\u00e0 <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>rendimenti <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>lla <span class=\"_ _15\"> </span>partecipata <span class=\"_ _15\"> </span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>al <span class=\"_ _15\"> </span>f<span class=\"_ _0\"></span>ine <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tare <span class=\"_ _15\"> </span>se <span class=\"_ _15\"> </span>il </span>rendimento <span class=\"_ _c\"> </span>percepito <span class=\"_ _c\"> </span>dal <span class=\"_ _c\"> </span>Gruppo <span class=\"_ _c\"> </span>pu\u00f2 <span class=\"_ _c\"> </span>variare, <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>v<span class=\"_ _0\"></span>ia <span class=\"_ _c\"> </span>potenziale, <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>funzione <span class=\"_ _c\"> </span>dei <span class=\"_ _c\"> </span>risultati raggiunti dalla pa<span class=\"_ _1\"></span>rteci<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ta.<span class=\"_ _1\"></span> Determinata <span class=\"_ _b\"></span>l\u2019<span class=\"_ _0\"></span>esiste<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>controllo, <span class=\"_ _5\"></span>per <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>aluta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>se <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>pera <span class=\"_ _b\"></span>come <span class=\"_ _5\"></span>\u201cprincipale\u201d <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>\u201cagente\u201d, <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>l Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o prende in conside<span class=\"_ _1\"></span>razione i seguenti <span class=\"_ _1\"></span>fattori: - <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _0\"></span>potere <span class=\"_ _1\"></span>decisionale sul<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a at<span class=\"_ _1\"></span>tivit\u00e0 rilevanti della pa<span class=\"_ _1\"></span>rtecipata<span class=\"_ _1\"></span>;<span class=\"_ _4a1\"> </span></span><span class=\"ff2 fs2\"> </span>- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">i d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritti detenuti da alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i sog<span class=\"_ _1\"></span>getti; </span>- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">la r<span class=\"_ _0\"></span>em<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>nerazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e a cui il G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>uppo <span class=\"_ _1\"></span>ha diritto; </span>- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">l\u2019<span class=\"_ _0\"></span>esp<span class=\"_ _1\"></span>osizione <span class=\"_ _1\"></span>del Grupp<span class=\"_ _1\"></span>o alla <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>iabilit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _1\"></span>rendimenti der<span class=\"_ _1\"></span>ivanti dall\u2019e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span>uale pa<span class=\"_ _1\"></span>rtecipazione </span>detenuta nella parte<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipata<span class=\"_ _1\"></span>. L\u2019IFRS <span class=\"_ _c\"> </span>10 <span class=\"_ _c\"> </span>identifica <span class=\"_ _c\"> </span>come <span class=\"_ _c\"> </span>\u201cattivit\u00e0  r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vanti\u201d <span class=\"_ _c\"> </span>solo <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>attivit\u00e0  c<span class=\"_ _0\"></span>he <span class=\"_ _c\"> </span>influenzan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>significativame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _c\"> </span>i rendimenti della so<span class=\"_ _1\"></span>ciet\u00e0 partecipat<span class=\"_ _1\"></span>a. In <span class=\"_ _0\"></span>termin<span class=\"_ _1\"></span>i gen<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ali, quando le attivi<span class=\"_ _0\"></span>t\u00e0 rilevanti<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sono<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>gestite attraverso diritti di vo<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>i seguenti f<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ori forniscono evide<span class=\"_ _1\"></span>nza di controllo: a)<span class=\"ff4 fs5\"> <span class=\"_ _1c\"> </span></span>possesso, <span class=\"_ _1\"></span>direttame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>direttame<span class=\"_ _3\"></span>nte attra<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> le p<span class=\"_ _3\"></span>roprie <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>ollate, <span class=\"_ _3\"></span>di pi<span class=\"_ _3\"></span>\u00f9<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _1\"></span> de<span class=\"_ _3\"></span>i diri<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>voto<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>di u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>entit\u00e0 <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>meno <span class=\"_ _3\"></span>che,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>casi <span class=\"_ _3\"></span>eccezionali, <span class=\"_ _3\"></span>possa <span class=\"_ _3\"></span>essere <span class=\"_ _3\"></span>chiarame<span class=\"_ _1\"></span>nte <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>im<span class=\"_ _1\"></span>ostrato che tale possess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> non c<span class=\"_ _1\"></span>ostituisce controllo; b)<span class=\"ff4 fs5\"> <span class=\"_ _18\"> </span></span>possesso  della <span class=\"_ _f\"> </span>met\u00e0, <span class=\"_ _f\"> </span>o  di <span class=\"_ _f\"> </span>una  q<span class=\"_ _3\"></span>uo<span class=\"_ _0\"></span>ta <span class=\"_ _f\"> </span>inferiore, <span class=\"_ _f\"> </span>dei  voti <span class=\"_ _f\"> </span>esercitabili <span class=\"_ _f\"> </span>in  asse<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>blea <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>apa<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _3\"></span> pratica di governare u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ilateralmente <span class=\"_ _3\"></span>le attiv<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vanti attraverso:<span class=\"_ _1\"></span> <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il controllo di pi\u00f9 de<span class=\"_ _1\"></span>lla met\u00e0 dei diritti <span class=\"_ _1\"></span>di voto in virt<span class=\"_ _3\"></span>\u00f9<span class=\"_ _0\"></span> di u<span class=\"_ _1\"></span>n accordo con altri in<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>estitori<span class=\"_ _1\"></span>; </span></span><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _5\"></span>potere <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>determinare<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>politi<span class=\"_ _1\"></span>che <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>inanzia<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>operative <span class=\"_ _5\"></span>dell\u2019e<span class=\"_ _1\"></span>ntit\u00e0 <span class=\"_ _5\"></span>in <span class=\"_ _b\"></span>virt\u00f9 <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>lausole<span class=\"_ _3\"></span> </span></span>statutarie o di un c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntratto;<span class=\"_ _1\"></span> <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _e\"> </span>potere <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _d\"> </span>no<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>inare <span class=\"_ _e\"> </span>o <span class=\"_ _e\"> </span>di <span class=\"_ _19\"> </span>rimuo<span class=\"_ _1\"></span>vere <span class=\"_ _19\"> </span>la <span class=\"_ _e\"> </span>maggioranza <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>membri <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>onsigli<span class=\"_ _1\"></span>o <span class=\"_ _e\"> </span>di </span></span>amministrazione <span class=\"_ _1\"></span>o dell\u2019equivalente or<span class=\"_ _1\"></span>gano di gover<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o societari<span class=\"_ _1\"></span>o; <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _c\"> </span>potere <span class=\"_ _16\"> </span>di <span class=\"_ _c\"> </span>eser<span class=\"_ _1\"></span>citare <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio<span class=\"_ _1\"></span>ranza <span class=\"_ _c\"> </span>dei <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritti <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>v<span class=\"_ _0\"></span>ot<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>sed<span class=\"_ _1\"></span>ute <span class=\"_ _c\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sigli<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> </span></span>amministrazione <span class=\"_ _1\"></span>o dell\u2019equivalente or<span class=\"_ _1\"></span>gano di gover<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o societari<span class=\"_ _1\"></span>o. Per <span class=\"_ _f\"> </span>esercitare <span class=\"_ _f\"> </span>tali <span class=\"_ _f\"> </span>poteri <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>necessario <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>diritti <span class=\"_ _f\"> </span>vantati <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"> </span>sull\u2019entit\u00e0 <span class=\"_ _f\"> </span>partecipata <span class=\"_ _f\"></span>siano sostanziali; <span class=\"_ _16\"> </span>per <span class=\"_ _1f\"> </span>essere <span class=\"_ _1f\"> </span>sostanzial<span class=\"_ _1\"></span>i <span class=\"_ _16\"> </span>tali <span class=\"_ _1f\"> </span>diritti <span class=\"_ _1f\"> </span>devono <span class=\"_ _16\"> </span>essere <span class=\"_ _1f\"> </span>praticamente <span class=\"_ _16\"> </span>esercitabil<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>quando <span class=\"_ _16\"> </span>le decisioni sulle atti<span class=\"_ _1\"></span>vit\u00e0 rilevanti dev<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no essere<span class=\"_ _1\"></span> prese. Societ\u00e0 collegate<span class=\"_ _3\"></span> Una s<span class=\"_ _1\"></span>ociet\u00e0 <span class=\"_ _1\"></span>collegata <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n\u2019impre<span class=\"_ _1\"></span>sa <span class=\"_ _1\"></span>nella <span class=\"_ _1\"></span>quale <span class=\"_ _3\"></span>la p<span class=\"_ _3\"></span>artecipante ese<span class=\"_ _3\"></span>rcita u<span class=\"_ _1\"></span>n\u2019influenza <span class=\"_ _3\"></span>notevole e<span class=\"_ _3\"></span> che <span class=\"_ _3\"></span>non \u00e8 <span class=\"_ _3\"></span>n\u00e9 <span class=\"_ _1\"></span>controllata <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>mani<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>esclusiva <span class=\"_ _3\"></span>n\u00e9 <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>ollata <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>do <span class=\"_ _3\"></span>congiunto. <span class=\"_ _3\"></span>L\u2019influenza <span class=\"_ _3\"></span>notevole <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>presume in <span class=\"_ _19\"> </span>tutti <span class=\"_ _19\"> </span>i <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>asi <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i <span class=\"_ _19\"> </span>la <span class=\"_ _e\"> </span>Societ\u00e0 <span class=\"_ _19\"> </span>detiene <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>20% <span class=\"_ _e\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>una <span class=\"_ _e\"> </span>quota <span class=\"_ _19\"> </span>superiore <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>diri<span class=\"_ _0\"></span>tti<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>di <span class=\"_ _e\"> </span>vo<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _19\"> </span>e, indi<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>ndentemente  dalla  quota  posseduta,  qualo<span class=\"_ _1\"></span>ra  sussi<span class=\"_ _0\"></span>sta  il  pote<span class=\"_ _1\"></span>re  di<span class=\"_ _0\"></span>  parte<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipare  alle  decision<span class=\"_ _1\"></span>i gestionali <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>finanziarie <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _5\"></span>partecipata<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>in <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>irt\u00f9 <span class=\"_ _b\"></span>di <span class=\"_ _6\"></span>particolari <span class=\"_ _5\"></span>legami <span class=\"_ _5\"></span>giuridici <span class=\"_ _5\"></span>(i<span class=\"_ _0\"></span>.e<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>patti <span class=\"_ _5\"></span>parasociali) aventi <span class=\"_ _15\"> </span>la <span class=\"_ _1f\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nalit\u00e0 <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>assicurare <span class=\"_ _1f\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>resentativit\u00e0 <span class=\"_ _15\"> </span>negli <span class=\"_ _15\"> </span>organi<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>g<span class=\"_ _0\"></span>estio<span class=\"_ _1\"></span>ne <span class=\"_ _15\"> </span>e <span class=\"_ _1f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>salvaguardare l\u2019unitariet\u00e0 di indirizzo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>della <span class=\"_ _1\"></span>gestione, senza t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ttavi<span class=\"_ _3\"></span>a aver<span class=\"_ _0\"></span>ne il <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontroll<span class=\"_ _1\"></span>o. Le partecipazioni in s<span class=\"_ _1\"></span>ociet\u00e0 collegate so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tate second<span class=\"_ _1\"></span>o il metodo del pat<span class=\"_ _1\"></span>rimonio nett<span class=\"_ _1\"></span>o.  3. Partecipaz<span class=\"_ _1\"></span>ioni in societ\u00e0 contro<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>late <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n via <span class=\"_ _1\"></span>esclusiva con inter<span class=\"_ _1\"></span>essenze di terz<span class=\"_ _1\"></span>i significative<span class=\"_ _1\"></span> <table class=\"s w27a h352\" id=\"_075c1366-e4d6-4a13-ac65-d771da21a539\"><tr><td></td><td class=\"t m10 x357 h56 y17a5 ff3 fs20 fc1 sc0 ls0 ws0\">Int<span class=\"_ _0\"></span>eres<span class=\"_ _3\"></span>senze <span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>i </td><td class=\"t m10 x358 h56 y17a5 ff3 fs20 fc1 sc0 ls0 ws0\">Dispo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 vot<span class=\"_ _0\"></span>i </td><td class=\"t m10 x359 h56 y17a6 ff3 fs20 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>nd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> </td><td></td></tr><tr><td class=\"t m10 x35a h56 y17a7 ff3 fs20 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>enomin<span class=\"_ _0\"></span>azio<span class=\"_ _0\"></span>ne impres<span class=\"_ _1\"></span>a<span class=\"_ _4a1\"> </span></td><td class=\"t m10 x357 h56 y17a8 ff3 fs20 fc1 sc0 ls0 ws0\">t<span class=\"_ _0\"></span>erzi (%)<span class=\"_ _4a1\"> </span></td><td class=\"t m10 x358 h56 y17a8 ff3 fs20 fc1 sc0 ls0 ws0\">dei ter<span class=\"_ _0\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>(%)<span class=\"_ _4a1\"> </span></td><td class=\"t m10 x359 h56 y17a7 ff3 fs20 fc1 sc0 ls0 ws0\">di<span class=\"_ _0\"></span>stribu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>erz<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> </td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m10 x359 h56 y17a9 ff3 fs20 fc1 sc0 ls0 ws0\">(migl<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>ia di Eu<span class=\"_ _0\"></span>ro)<span class=\"_ _4a1\"> </span></td><td></td></tr><tr><td class=\"c n x1a9 y17ab w27b h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">C<span class=\"_ _0\"></span>ast<span class=\"_ _1\"></span>ello<span class=\"_ _3\"></span> SG<span class=\"_ _3\"></span>R S.<span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>.A<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x35b y17ab w27c h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>0%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x35c y17ab w27d h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">20%<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x35d y17ab w27e h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w27f h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">V<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ta S.r.<span class=\"_ _0\"></span>l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x35e y16d8 w280 h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">39,<span class=\"_ _0\"></span>16%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x35f y16d8 w280 h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">39,1<span class=\"_ _0\"></span>6%<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x360 y16d8 w27e h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr></table>Rispetto al 3<span class=\"_ _1\"></span>1 dicemb<span class=\"_ _1\"></span>re 2023, in re<span class=\"_ _3\"></span>lazione alle i<span class=\"_ _1\"></span>nteressenze di te<span class=\"_ _3\"></span>rzi <span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>gni<span class=\"_ _0\"></span>ficati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e, <span class=\"_ _1\"></span>si seg<span class=\"_ _1\"></span>nala che in data<span class=\"_ _1\"></span> 24 <span class=\"_ _1\"></span>gennaio <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>aste<span class=\"_ _3\"></span>llo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>SGR <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>stituito <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>Vita <span class=\"_ _3\"></span>Srl, <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _1\"></span>l\u2019obiettiv<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>creare <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>piattaforma per la <span class=\"_ _3\"></span>gestione pr<span class=\"_ _1\"></span>of<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>ionale di i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bili res<span class=\"_ _3\"></span>id<span class=\"_ _0\"></span>enz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i destinati alla <span class=\"_ _3\"></span>loc<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>(c<span class=\"_ _0\"></span>.d. <span class=\"_ _3\"></span>settore Mult<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>family <span class=\"_ _3\"></span>o Build-to-Rent). <span class=\"_ _b\"></span>In<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>data <span class=\"_ _5\"></span>25 <span class=\"_ _5\"></span>luglio <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>024 <span class=\"_ _b\"></span>ha <span class=\"_ _5\"></span>avu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>luogo <span class=\"_ _5\"></span>l\u2019<span class=\"_ _0\"></span>au<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Vita <span class=\"_ _5\"></span>Srl, <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>seguito <span class=\"_ _b\"></span>del quale <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>entrati <span class=\"_ _b\"></span>all\u2019interno <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la <span class=\"_ _b\"></span>compagine <span class=\"_ _0\"></span>sociale <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>controllata <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>diretta <span class=\"_ _0\"></span>Compass <span class=\"_ _b\"></span>Rock <span class=\"_ _b\"></span>Real Estate Ltd (2,95% quota <span class=\"_ _3\"></span>li<span class=\"_ _0\"></span>be<span class=\"_ _1\"></span>rata in contanti) e Hall<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>is S.p.A. (<span class=\"_ _1\"></span>41% quota liberata il <span class=\"_ _3\"></span>6<span class=\"_ _0\"></span> agosto att<span class=\"_ _3\"></span>rav<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> il <span class=\"_ _e\"> </span>conferimento <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>am<span class=\"_ _1\"></span>o <span class=\"_ _e\"> </span>d\u2019<span class=\"_ _0\"></span>azie<span class=\"_ _3\"></span>nd<span class=\"_ _0\"></span>a <span class=\"_ _d\"> </span>o<span class=\"_ _0\"></span>perati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>, <span class=\"_ _d\"> </span>attiv<span class=\"_ _0\"></span>o <span class=\"_ _e\"> </span>nella <span class=\"_ _e\"> </span>gest<span class=\"_ _1\"></span>ione <span class=\"_ _e\"> </span>professionale <span class=\"_ _d\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>i<span class=\"_ _1\"></span>mmobili residenziali destinati al<span class=\"_ _1\"></span>la locazione). In data 6 a<span class=\"_ _1\"></span>gosto 2024 Halldis S.p.A. <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a c<span class=\"_ _1\"></span>ontestualmente ceduto a<span class=\"_ _3\"></span> Castello SGR un<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>quota pari al 20% del <span class=\"_ _0\"></span>capitale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>socia<span class=\"_ _1\"></span>le <span class=\"_ _0\"></span>di Vita<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Srl<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>un corrispettivo in contanti <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ri a <span class=\"_ _15\"> </span>Eu<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>2,6 <span class=\"_ _1f\"> </span>mi<span class=\"_ _0\"></span>lion<span class=\"_ _1\"></span>i. <span class=\"_ _d\"> </span>A <span class=\"_ _15\"> </span>seguito <span class=\"_ _1f\"> </span>di <span class=\"_ _d\"> </span>tale <span class=\"_ _1f\"> </span>o<span class=\"_ _0\"></span>perazio<span class=\"_ _1\"></span>ne, <span class=\"_ _15\"> </span>al <span class=\"_ _15\"> </span>3<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>embre <span class=\"_ _1f\"> </span>2024, <span class=\"_ _15\"> </span>Castello <span class=\"_ _15\"> </span>SGR <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>etie<span class=\"_ _1\"></span>ne direttamente <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>76,05% <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _3\"></span>di V<span class=\"_ _1\"></span>ita <span class=\"_ _3\"></span>Srl, e <span class=\"_ _3\"></span>di <span class=\"_ _8\"></span>con<span class=\"_ _0\"></span>se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uenza <span class=\"_ _3\"></span>Anima <span class=\"_ _3\"></span>Holding <span class=\"_ _3\"></span>detiene <span class=\"_ _3\"></span>indirettamente il <span class=\"_ _5\"></span>60,84% <span class=\"_ _b\"></span>(<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i <span class=\"_ _5\"></span>rinvia <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>quanto <span class=\"_ _5\"></span>descritto<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>nel <span class=\"_ _b\"></span>successivo <span class=\"_ _5\"></span>para<span class=\"_ _1\"></span>grafo <span class=\"_ _b\"></span>\u201cParte <span class=\"_ _5\"></span>A <span class=\"_ _5\"></span>\u2013 <span class=\"_ _5\"></span>Politiche <span class=\"_ _b\"></span>contabili <span class=\"_ _b\"></span>- <span class=\"_ _5\"></span>Altre<span class=\"_ _4a1\"> </span>informazioni <span class=\"_ _0\"></span>- \u201cO<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>razione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>confer<span class=\"_ _1\"></span>imento <span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>mo <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>zienda <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>Vita Srl\u201d <span class=\"_ _0\"></span>della pr<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>nte <span class=\"_ _0\"></span>Nota <span class=\"_ _0\"></span>integ<span class=\"_ _1\"></span>rativa consolidata al 31 d<span class=\"_ _1\"></span>icembre 2024).<span class=\"_ _3\"></span> <table class=\"s w281 h354\" id=\"_5f45946d-2a9e-4937-8d03-c8b84f32dd84\"><tr><td class=\"c n x1a9 y17ad w282 h355\"><div class=\"t m11 x17f h59 y17ac ff3 fs21 fc1 sc0 ls0 ws0\">Deno<span class=\"_ _1\"></span>mina<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>ne impresa<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x361 y17ad w283 h355\"><div class=\"t m11 x17f h59 y17ac ff3 fs21 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _1\"></span>le Attivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x362 y17ad w284 h355\"><div class=\"t m11 x17f h59 y17ac ff3 fs21 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _1\"></span>le Passiv<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x363 y17ad w285 h355\"><div class=\"t m11 x17f h59 y17ac ff3 fs21 fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>nio<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Nett<span class=\"_ _0\"></span>o</div></td><td class=\"t m11 x364 h59 y17ae ff3 fs21 fc1 sc0 ls0 ws0\">Ut<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>le/<span class=\"_ _0\"></span>Per<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span> </td><td class=\"t m11 x365 h59 y17ae ff3 fs21 fc1 sc0 ls0 ws0\">Marg<span class=\"_ _3\"></span>ine </td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m11 x364 h59 y17af ff3 fs21 fc1 sc0 ls0 ws0\">d'ese<span class=\"_ _0\"></span>rcizi<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m11 x365 h59 y17af ff3 fs21 fc1 sc0 ls0 ws0\">commiss<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span>na<span class=\"_ _3\"></span>le<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y17b1 w286 h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">Caste<span class=\"_ _1\"></span>llo S<span class=\"_ _0\"></span>GR S<span class=\"_ _0\"></span>.p<span class=\"_ _1\"></span>.A.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x366 y17b1 w287 h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">36<span class=\"_ _0\"></span>.31<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x367 y17b1 w288 h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">36<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>31<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x368 y17b1 w289 h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.507<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x369 y17b1 w28a h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.985<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36a y17b1 w28b h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>1.71<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17b2 w28c h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">Vita S.r.l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36b y17b2 w28d h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">11.62<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36c y17b2 w28e h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">11<span class=\"_ _0\"></span>.62<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36d y17b2 w28a h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">3.18<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36e y17b2 w28f h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">(45<span class=\"_ _0\"></span>6)</div></td><td class=\"c x36f y17b3 w1f h5b\"><div class=\"t m11 x3b h5a y46b ff2 fs21 fc1 sc0 ls0 ws0\">     <span class=\"_ _0\"></span>       <span class=\"_ _0\"></span>     <span class=\"_ _0\"></span>     <span class=\"_ _0\"></span>      <span class=\"_ _0\"></span>   -   </div></td></tr></table>Si <span class=\"_ _1\"></span>segnala <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>al 31<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>Vi<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>Srl <span class=\"_ _1\"></span>detiene <span class=\"_ _3\"></span>una p<span class=\"_ _3\"></span>artecipazion<span class=\"_ _3\"></span>e dell\u201980% <span class=\"_ _3\"></span>in GE<span class=\"_ _3\"></span>M Hospi<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ali<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y S<span class=\"_ _1\"></span>.r.l. <span class=\"_ _3\"></span>(societ\u00e0 costituita <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>inizio <span class=\"_ _b\"></span>202<span class=\"_ _1\"></span>4). <span class=\"_ _0\"></span>La <span class=\"_ _b\"></span>parte<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>consolidata <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>embre <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>quanto, <span class=\"_ _b\"></span>sul<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>base dell\u2019analisi d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>patti <span class=\"_ _0\"></span>para<span class=\"_ _1\"></span>sociali <span class=\"_ _0\"></span>e dei<span class=\"_ _0\"></span> contratti i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>essere, Anima <span class=\"_ _0\"></span>Holdin<span class=\"_ _1\"></span>g <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>detiene il <span class=\"_ _0\"></span>controllo, m<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>ercita comun<span class=\"_ _1\"></span>que un\u2019influen<span class=\"_ _1\"></span>za signif<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ca<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>iva. 4. Restrizioni sign<span class=\"_ _1\"></span>ificative<span class=\"_ _3\"></span> Il G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>uppo <span class=\"_ _3\"></span>ritiene <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>non a<span class=\"_ _3\"></span>ver<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>vincoli <span class=\"_ _3\"></span>di nat<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ra <span class=\"_ _1\"></span>stat<span class=\"_ _3\"></span>uaria, paraso<span class=\"_ _1\"></span>ciale <span class=\"_ _3\"></span>o re<span class=\"_ _1\"></span>golamentare <span class=\"_ _3\"></span>che impedis<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> o limitino la sua <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apacit\u00e0 di a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>cedere al<span class=\"_ _1\"></span>le attivit\u00e0 o di re<span class=\"_ _1\"></span>gol<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>re l<span class=\"_ _0\"></span>e pa<span class=\"_ _1\"></span>ssivit\u00e0.<span class=\"_ _4a1\"> </span>5. Altre informaz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>oni Nella redazione del <span class=\"_ _0\"></span>Bi<span class=\"_ _1\"></span>lancio consolidato sono stati util<span class=\"_ _0\"></span>izzat<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incipi<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>contabili omogenei sulla base dei bilanci <span class=\"_ _15\"> </span>al <span class=\"_ _1f\"> </span>3<span class=\"_ _0\"></span>1 <span class=\"_ _16\"> </span>dic<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>mbre <span class=\"_ _1f\"> </span>2024 <span class=\"_ _15\"> </span>approvati <span class=\"_ _1f\"> </span>dai <span class=\"_ _15\"> </span>rispettivi <span class=\"_ _1f\"> </span>Con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ig<span class=\"_ _0\"></span>li <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>Amministrazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>delle <span class=\"_ _1f\"> </span>societ\u00e0 integralmente <span class=\"_ _16\"> </span>consolidate. <span class=\"_ _1f\"> </span>Tutte <span class=\"_ _1f\"> </span>le <span class=\"_ _1f\"> </span>societ\u00e0 <span class=\"_ _16\"> </span>consolidate <span class=\"_ _1f\"> </span>adottano <span class=\"_ _16\"> </span>l\u2019Euro <span class=\"_ _1f\"> </span>quale <span class=\"_ _1f\"> </span>moneta <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> funzionale. <span class=\"_ _15\"> </span>Non <span class=\"_ _d\"> </span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ltano <span class=\"_ _15\"> </span>b<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>lanci <span class=\"_ _15\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>societ\u00e0<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>controll<span class=\"_ _0\"></span>ate <span class=\"_ _1f\"> </span>u<span class=\"_ _0\"></span>til<span class=\"_ _1\"></span>izzati <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>redazione <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>Bi<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span>ncio consolidato <span class=\"_ _b\"></span>che <span class=\"_ _5\"></span>hanno <span class=\"_ _b\"></span>com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferimento <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>data <span class=\"_ _5\"></span>diversa <span class=\"_ _b\"></span>da <span class=\"_ _5\"></span>qu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Bilancio <span class=\"_ _b\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lidat<span class=\"_ _1\"></span>o stesso. Tra <span class=\"_ _f\"></span>le <span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>rollate <span class=\"_ _6\"></span>possono<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>essere <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omprese <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>le <span class=\"_ _f\"> </span>cosiddette <span class=\"_ _6\"></span>\u201c<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tit\u00e0 <span class=\"_ _6\"></span>strutturate\u201d, <span class=\"_ _6\"></span>nelle <span class=\"_ _f\"> </span>quali <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span> diri<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>voto <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>significativ<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>ai <span class=\"_ _b\"></span>fini <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>sussistenza <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>cont<span class=\"_ _1\"></span>rollo, <span class=\"_ _0\"></span>ivi <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>cluse <span class=\"_ _0\"></span>societ\u00e0 <span class=\"_ _b\"></span>o <span class=\"_ _b\"></span>entit\u00e0 <span class=\"_ _0\"></span>a destinazione spe<span class=\"_ _1\"></span>cifica (\u201cspecial purp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>se entities\u201d)<span class=\"_ _1\"></span> e fondi di i<span class=\"_ _1\"></span>nvestimento. <span class=\"_ _3\"></span> I <span class=\"_ _0\"></span>fondi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>investimento <span class=\"_ _0\"></span>gestiti <span class=\"_ _0\"></span>dalle <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>oci<span class=\"_ _0\"></span>et\u00e0 del <span class=\"_ _0\"></span>Grup<span class=\"_ _1\"></span>po <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>considerati <span class=\"_ _0\"></span>controllati <span class=\"_ _0\"></span>qualo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>Gruppo sia e<span class=\"_ _1\"></span>sposto i<span class=\"_ _1\"></span>n misu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>gni<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>icativa <span class=\"_ _3\"></span>alla <span class=\"_ _1\"></span>variabilit\u00e0 dei <span class=\"_ _3\"></span>rendimenti e <span class=\"_ _3\"></span>nel cas<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>cui gli <span class=\"_ _3\"></span>inv<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>itori terzi <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span> abbiano diritti di <span class=\"_ _1\"></span>rimozione della s<span class=\"_ _1\"></span>ociet\u00e0 di gestione<span class=\"_ _1\"></span>. Con <span class=\"_ _3\"></span>riferimento <span class=\"_ _3\"></span>al <span class=\"_ _8\"></span>3<span class=\"_ _0\"></span>1 <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cembre <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>non <span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>isultano <span class=\"_ _3\"></span>fondi <span class=\"_ _8\"></span>comuni <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>invest<span class=\"_ _1\"></span>imento <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>considerarsi<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>entit\u00e0 controllate.  Metodi di conso<span class=\"_ _1\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _3\"></span>me<span class=\"_ _0\"></span>nto<span class=\"_ _3\"></span> Consolidamento inte<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rale Il <span class=\"_ _d\"> </span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lidament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>integrale <span class=\"_ _d\"> </span>consiste <span class=\"_ _15\"> </span>nell\u2019acquisizione <span class=\"_ _15\"> </span>\u201cl<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nea <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>linea\u201d <span class=\"_ _15\"> </span>degli <span class=\"_ _e\"> </span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gregati<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>stato patrimoniale <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>conto <span class=\"_ _0\"></span>economic<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>societ\u00e0 c<span class=\"_ _0\"></span>ontrollate. <span class=\"_ _0\"></span>Il <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>partecipazioni <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>annullat<span class=\"_ _1\"></span>o in c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>opartita al <span class=\"_ _0\"></span>va<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>del patrimoni<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> delle controllate,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ribuendo ai <span class=\"_ _0\"></span>te<span class=\"_ _1\"></span>rzi, se <span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>resenti, le <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>te di loro pertinenza del pa<span class=\"_ _1\"></span>trimonio e del ris<span class=\"_ _1\"></span>ultato econ<span class=\"_ _1\"></span>omico. Le d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ffere<span class=\"_ _1\"></span>nze <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ultanti <span class=\"_ _1\"></span>da <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>sta ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione, <span class=\"_ _3\"></span>se <span class=\"_ _1\"></span>positive, <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ate <span class=\"_ _3\"></span>\u2013 <span class=\"_ _1\"></span>dopo<span class=\"_ _1\"></span> l\u2019e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span>uale <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mputazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> ad <span class=\"_ _d\"> </span>elemen<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _e\"> </span>dell\u2019attivo <span class=\"_ _d\"> </span>o <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>passivo <span class=\"_ _e\"> </span>de<span class=\"_ _1\"></span>lla <span class=\"_ _d\"> </span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollat<span class=\"_ _1\"></span>a <span class=\"_ _d\"> </span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>nella <span class=\"_ _d\"> </span>voce <span class=\"_ _e\"> </span>Atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _d\"> </span>immateriali <span class=\"_ _15\"> </span>come avviamento o<span class=\"_ _1\"></span> come altre<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 inta<span class=\"_ _1\"></span>ngibili. Le<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>enze <span class=\"_ _1\"></span>negative so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o imp<span class=\"_ _3\"></span>utate al conto ec<span class=\"_ _1\"></span>onomico. Gli <span class=\"_ _1b\"> </span>importi <span class=\"_ _19\"> </span>riferiti <span class=\"_ _1b\"> </span>ad <span class=\"_ _19\"> </span>attivit\u00e0, <span class=\"_ _1b\"> </span>passivit\u00e0, <span class=\"_ _19\"> </span>proventi <span class=\"_ _1b\"> </span>ed <span class=\"_ _e\"> </span>o<span class=\"_ _0\"></span>neri <span class=\"_ _19\"> </span>tr<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>imprese <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>onsolidate <span class=\"_ _19\"> </span>vengono<span class=\"_ _1\"></span> integralmente eliminati<span class=\"_ _1\"></span>. Le <span class=\"_ _0\"></span>acquisizioni <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>societ\u00e0 <span class=\"_ _0\"></span>sono<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>contabilizzate <span class=\"_ _0\"></span>secondo <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>\u201cmetodo d<span class=\"_ _0\"></span>ell\u2019a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisizi<span class=\"_ _1\"></span>one\u201d <span class=\"_ _0\"></span>previsto <span class=\"_ _0\"></span>dall\u2019IFRS 3, <span class=\"_ _0\"></span>cos\u00ec <span class=\"_ _0\"></span>come<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>modificato dal <span class=\"_ _0\"></span>Regolamento <span class=\"_ _0\"></span>495/<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>009, i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>al q<span class=\"_ _0\"></span>uale<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _0\"></span>ide<span class=\"_ _1\"></span>ntificabili <span class=\"_ _0\"></span>acqu<span class=\"_ _1\"></span>isite e le <span class=\"_ _3\"></span>passivit\u00e0 identificabili <span class=\"_ _3\"></span>assun<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>(comprese q<span class=\"_ _1\"></span>uelle <span class=\"_ _1\"></span>potenziali) de<span class=\"_ _1\"></span>vono esse<span class=\"_ _1\"></span>re rilevate <span class=\"_ _3\"></span>ai rispettivi <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>air value <span class=\"_ _0\"></span>alla data d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>acquisizione. Inoltre, per ogni<span class=\"_ _0\"></span> aggregazione aziendale, eventuali quote di m<span class=\"_ _0\"></span>inora<span class=\"_ _1\"></span>nza nella <span class=\"_ _d\"> </span>societ\u00e0 <span class=\"_ _15\"> </span>acq<span class=\"_ _1\"></span>uisita <span class=\"_ _d\"> </span>possono <span class=\"_ _15\"> </span>esse<span class=\"_ _1\"></span>re <span class=\"_ _d\"> </span>rilevate<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>al <span class=\"_ _d\"> </span>fair<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>value <span class=\"_ _15\"> </span>o <span class=\"_ _15\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>propo<span class=\"_ _1\"></span>rzione <span class=\"_ _15\"> </span>alla <span class=\"_ _15\"> </span>quota <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>ella<span class=\"_ _1\"></span> partecipazione <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>minoranza <span class=\"_ _c\"> </span>nelle <span class=\"_ _c\"> </span>attivit\u00e0 <span class=\"_ _c\"> </span>nette <span class=\"_ _c\"> </span>identificabili <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>so<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _c\"> </span>acquisite. <span class=\"_ _c\"> </span>L\u2019eventuale eccedenza <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>corrispettiv<span class=\"_ _1\"></span>o <span class=\"_ _1f\"> </span>trasferito<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>- <span class=\"_ _16\"> </span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentato <span class=\"_ _1f\"> </span>dal <span class=\"_ _16\"> </span>fair <span class=\"_ _16\"> </span>value <span class=\"_ _16\"> </span>delle <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>ute, <span class=\"_ _16\"> </span>delle passivit\u00e0 <span class=\"_ _0\"></span>sostenute, <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>gli <span class=\"_ _0\"></span>strumenti <span class=\"_ _0\"></span>di c<span class=\"_ _0\"></span>apitale <span class=\"_ _0\"></span>eme<span class=\"_ _1\"></span>ssi <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>de<span class=\"_ _1\"></span>lla <span class=\"_ _0\"></span>eventuale <span class=\"_ _0\"></span>rilevazi<span class=\"_ _1\"></span>one <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>delle quo<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>  d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>oranza  rispett<span class=\"_ _1\"></span>o  al  fair  value<span class=\"_ _1\"></span>  delle  at<span class=\"_ _3\"></span>tiv<span class=\"_ _0\"></span>it\u00e0  e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>assivit\u00e0  acquis<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>te  -<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>vie<span class=\"_ _1\"></span>ne  rilevata <span class=\"_ _f\"> </span>co<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span> avviamento; qualo<span class=\"_ _1\"></span>ra il prezzo risulti i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>feri<span class=\"_ _1\"></span>ore, la differenza vie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e imp<span class=\"_ _1\"></span>utata a conto economi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o.<span class=\"_ _4a1\"> </span><span class=\"_ _3\"></span> Il <span class=\"_ _0\"></span>\u201cmetodo <span class=\"_ _0\"></span>dell\u2019acquisizione\u201d v<span class=\"_ _0\"></span>iene <span class=\"_ _0\"></span>appli<span class=\"_ _1\"></span>cato <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>parti<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>alla data <span class=\"_ _0\"></span>dell\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>cquisi<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>ia <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>momento in cui si ottie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>fettivame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>ollo della soci<span class=\"_ _3\"></span>et\u00e0 acquisita. Pertant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, i r<span class=\"_ _1\"></span>isultati econ<span class=\"_ _1\"></span>omici di <span class=\"_ _1\"></span>una controllata <span class=\"_ _1\"></span>acquisita <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>corso del <span class=\"_ _3\"></span>periodo di <span class=\"_ _3\"></span>riferimento s<span class=\"_ _3\"></span>ono inclusi <span class=\"_ _3\"></span>nel Bilan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>olidato a <span class=\"_ _3\"></span>partire dalla data della sua acquisizione. Parimenti, i risulta<span class=\"_ _3\"></span>ti ec<span class=\"_ _0\"></span>onomic<span class=\"_ _1\"></span>i di una controllata ceduta sono inclu<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i nel Bilancio consoli<span class=\"_ _1\"></span>dato fino alla data<span class=\"_ _1\"></span> in cui il cont<span class=\"_ _1\"></span>rollo \u00e8 cessato. La <span class=\"_ _0\"></span>differenza <span class=\"_ _0\"></span>tra i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>corrispettivo di <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>ione <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _0\"></span>contabile <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>data di <span class=\"_ _0\"></span>dismissione <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>rilevata n<span class=\"_ _0\"></span>el conto economico. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-11": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 5 \u2013 Area e metodi di consolidamento 1.<span class=\"ff1d fs5\"> <span class=\"_ _1c\"> </span></span>Partecipazioni <span class=\"_ _1\"></span>in societ\u00e0 control<span class=\"_ _1\"></span>late in via esclus<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>va Nel <span class=\"_ _0\"></span>prospetto <span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _0\"></span>segue <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>indicate <span class=\"_ _0\"></span>le<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>partecipaz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>incluse <span class=\"_ _0\"></span>nell\u2019area<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>consolidame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rale del presente Bilancio <span class=\"_ _1\"></span>consolidato al <span class=\"_ _1\"></span>31 dicembre 2024:<span class=\"_ _3\"></span> <table class=\"s w276 h350\" id=\"_0294db48-96a0-4278-ba7a-9af9b8043b83\"><tr><td></td><td class=\"t m1 x33f h53 y178b ff3 fs6 fc1 sc0 ls0 ws0\">Sede </td><td class=\"t m1 x340 h53 y178b ff3 fs6 fc1 sc0 ls0 ws0\">Sede </td><td class=\"t m1 x341 h53 y178c ff3 fs6 fc1 sc0 ls0 ws0\">Tipo di </td><td class=\"c x342 y178d we h54\"><div class=\"t m1 x3b h53 y46b ff3 fs6 fc1 sc0 ls0 ws0\">Rappo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to di <span class=\"_ _3\"></span>parteci<span class=\"_ _1\"></span>pazione<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"t m1 x343 h53 y178b ff3 fs6 fc1 sc0 ls0 ws0\">Dispo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ibili<span class=\"_ _1\"></span>t\u00e0 </td></tr><tr><td class=\"t m1 x344 h53 y178e ff3 fs6 fc1 sc0 ls0 ws0\">Denomi<span class=\"_ _1\"></span>nazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne i<span class=\"_ _1\"></span>mp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>a </td><td class=\"t m1 x345 h53 y178f ff3 fs6 fc1 sc0 ls0 ws0\">operativ<span class=\"_ _1\"></span>a </td><td class=\"t m1 x346 h53 y178f ff3 fs6 fc1 sc0 ls0 ws0\">legale<span class=\"_ _3\"></span> </td><td class=\"t m1 x347 h53 y178e ff3 fs6 fc1 sc0 ls0 ws0\">rappor<span class=\"_ _3\"></span>to<span class=\"_ _0\"></span> </td><td class=\"t m1 x348 h53 y1790 ff3 fs6 fc1 sc0 ls0 ws0\">Quota <span class=\"_ _3\"></span>% </td><td class=\"t m1 x349 h53 y1791 ff3 fs6 fc1 sc0 ls0 ws0\">Impre<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>a </td><td class=\"t m1 x34a h53 y178f ff3 fs6 fc1 sc0 ls0 ws0\">voti <span class=\"_ _1\"></span>% (b)<span class=\"_ _1\"></span> </td></tr><tr><td></td><td></td><td></td><td class=\"c x34c y1794 w277 h351\" colspan=\"2\"><div class=\"t m1 x17f h53 y1792 ff3 fs6 fc1 sc0 ls0 ws0\">(a)<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34b h53 y1793 ff3 fs6 fc1 sc0 ls0 ws0\">parteci<span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x34d y1795 w10 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima S<span class=\"_ _3\"></span>GR<span class=\"_ _0\"></span> S.<span class=\"_ _3\"></span>p.A.<span class=\"_ _4a1\"> </span></div></td><td class=\"c x34f y1797 w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x350 y1797 w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x351 y1795 wf h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">1<span class=\"_ _4a1\"> </span></div></td><td class=\"c x352 y1795 w15 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">100%<span class=\"_ _4a1\"> </span></div></td><td class=\"c x353 y1795 w14 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>old<span class=\"_ _3\"></span>ing </div></td><td></td></tr><tr><td></td><td class=\"t m1 x33f h55 y1798 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td class=\"t m1 x340 h55 y1798 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td></td><td></td><td class=\"t m1 x353 h55 y1798 ff2 fs6 fc1 sc0 ls0 ws0\">S.p.A.<span class=\"_ _1\"></span> </td><td></td></tr><tr><td class=\"c x34d y1799 w16 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima <span class=\"_ _e\"> </span>Al<span class=\"_ _0\"></span>ter<span class=\"_ _3\"></span>native <span class=\"_ _19\"> </span>S.p.A.<span class=\"_ _4a1\"> </span></div></td><td class=\"c x34f y179a w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x350 y179a w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x351 y1799 wf h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">1<span class=\"_ _4a1\"> </span></div></td><td class=\"c x352 y1799 w15 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">100%<span class=\"_ _4a1\"> </span></div></td><td class=\"c x353 y1799 w14 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>old<span class=\"_ _3\"></span>ing </div></td><td></td></tr><tr><td class=\"t m1 x34d h55 y179b ff2 fs6 fc1 sc0 ls0 ws0\">SGR </td><td class=\"t m1 x33f h55 y179b ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td class=\"t m1 x340 h55 y179b ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td></td><td></td><td class=\"t m1 x353 h55 y179b ff2 fs6 fc1 sc0 ls0 ws0\">S.p.A.<span class=\"_ _1\"></span> </td><td></td></tr><tr><td class=\"c x34d y179c w18 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Castello S<span class=\"_ _3\"></span>GR S.p.A. </div></td><td class=\"c x34f y179d w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x350 y179d w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x351 y179c wf h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">1<span class=\"_ _4a1\"> </span></div></td><td class=\"c x354 y179c w19 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">80%<span class=\"_ _4a1\"> </span></div></td><td class=\"c x353 y179c w14 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>old<span class=\"_ _3\"></span>ing </div></td><td></td></tr><tr><td></td><td class=\"t m1 x33f h55 y179e ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td class=\"t m1 x340 h55 y179e ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td></td><td></td><td class=\"t m1 x353 h55 y179e ff2 fs6 fc1 sc0 ls0 ws0\">S.p.A..<span class=\"_ _1\"></span> </td><td></td></tr><tr><td class=\"c x34d y179f w1a h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Kairo<span class=\"_ _1\"></span>s Partner<span class=\"_ _3\"></span>s SGR S.p.<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c x355 y17a0 w279 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c x350 y17a0 w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x351 y179f wf h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">1<span class=\"_ _4a1\"> </span></div></td><td class=\"c x352 y179f w15 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">100%<span class=\"_ _4a1\"> </span></div></td><td class=\"c x353 y179f w14 h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Anima <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>old<span class=\"_ _3\"></span>ing </div></td><td></td></tr><tr><td></td><td class=\"t m1 x33f h55 y17a1 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td class=\"t m1 x340 h55 y17a1 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td></td><td></td><td class=\"t m1 x353 h55 y17a1 ff2 fs6 fc1 sc0 ls0 ws0\">S.p.A.<span class=\"_ _1\"></span> </td><td></td></tr><tr><td class=\"c x34d y17a2 w1c h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Vita S.r.l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c x355 y17a3 w279 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c x350 y17a3 w278 h33b\"><div class=\"t m1 x17f h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">Milano<span class=\"_ _4a1\"> </span></div><div class=\"t m1 x34e h55 y1796 ff2 fs6 fc1 sc0 ls0 ws0\">\u2013<span class=\"_ _4a1\"> </span></div></td><td class=\"c x351 y17a2 wf h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">1<span class=\"_ _4a1\"> </span></div></td><td class=\"c x356 y17a2 w1e h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">76,05<span class=\"_ _1\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c x353 y17a2 w1d h54\"><div class=\"t m1 x3b h55 y46b ff2 fs6 fc1 sc0 ls0 ws0\">Castello S<span class=\"_ _3\"></span>GR </div></td><td></td></tr><tr><td></td><td class=\"t m1 x33f h55 y17a4 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td class=\"t m1 x340 h55 y17a4 ff2 fs6 fc1 sc0 ls0 ws0\">Italia </td><td></td><td></td><td class=\"t m1 x353 h55 y17a4 ff2 fs6 fc1 sc0 ls0 ws0\">S.p.A. <span class=\"_ _3\"></span> </td><td></td></tr></table>a) Tipo <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rappo<span class=\"_ _0\"></span>rto: 1=magg<span class=\"_ _0\"></span>ioranza de<span class=\"_ _0\"></span>i diritti di vo<span class=\"_ _0\"></span>to nell\u2019assem<span class=\"_ _0\"></span>blea ordinar<span class=\"_ _0\"></span>ia b) <span class=\"_ _b\"></span>Ov<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ifferente<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>dalla <span class=\"_ _5\"></span>quota <span class=\"_ _5\"> </span>% <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>tecipazione<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u00e8<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>indicata<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dis<span class=\"_ _0\"></span>ponibilit\u00e0<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>oti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>nel<span class=\"_ _0\"></span>l\u2019assemblea<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>ordina<span class=\"_ _0\"></span>ria, <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span>stinguen<span class=\"_ _0\"></span>do <span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra <span class=\"_ _b\"></span>effet<span class=\"_ _0\"></span>tivi <span class=\"_ _b\"></span>e<span class=\"_ _0\"></span> potenzia<span class=\"_ _0\"></span>li Rispetto al 31 dicemb<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e 202<span class=\"_ _1\"></span>3, l\u2019area di consolidam<span class=\"_ _3\"></span>ento<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a subito <span class=\"_ _1\"></span>le seguenti va<span class=\"_ _1\"></span>riazioni:<span class=\"fsb\"> </span>-<span class=\"ff4 fs5\"> <span class=\"_ _1a\"> </span></span>acquisizione del 1<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>0% di <span class=\"_ _0\"></span>Kai<span class=\"_ _1\"></span>ros <span class=\"_ _0\"></span>SGR, perfezionata<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>data 2 maggio 2024 (al r<span class=\"_ _0\"></span>iguardo<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>si<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>rinvia a <span class=\"_ _0\"></span>quanto<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>evide<span class=\"_ _1\"></span>nziato <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>\u201cParte <span class=\"_ _0\"></span>A <span class=\"_ _0\"></span>- <span class=\"_ _b\"></span>Politiche <span class=\"_ _0\"></span>conta<span class=\"_ _1\"></span>bili <span class=\"_ _b\"></span>\u2013 <span class=\"_ _0\"></span>Altre <span class=\"_ _0\"></span>Informazioni <span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span> Operazione <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>Kai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>os <span class=\"_ _3\"></span>SGR\u201d <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>presente <span class=\"_ _1\"></span>Nota <span class=\"_ _3\"></span>integrati<span class=\"_ _1\"></span>va <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onsolidata<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _1\"></span>31 <span class=\"_ _1\"></span>dicemb<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>2024); -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">in <span class=\"_ _b\"></span>data <span class=\"_ _6\"></span>24 <span class=\"_ _5\"></span>gennaio <span class=\"_ _5\"></span>2024, <span class=\"_ _5\"></span>Castello <span class=\"_ _5\"></span>SGR <span class=\"_ _5\"></span>ha <span class=\"_ _5\"></span>costituit<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>la <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _5\"></span>Vita <span class=\"_ _5\"></span>Srl, <span class=\"_ _5\"></span>riducendo, <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>seguit<span class=\"_ _1\"></span>o </span></span>degli <span class=\"_ _1b\"> </span>eventi <span class=\"_ _1b\"> </span>so<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ietari <span class=\"_ _1b\"> </span>i<span class=\"_ _1\"></span>ntercorsi <span class=\"_ _19\"> </span>nel<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>corso <span class=\"_ _1b\"> </span>del <span class=\"_ _19\"> </span>terzo <span class=\"_ _1b\"> </span>trimestre <span class=\"_ _1b\"> </span>2024, <span class=\"_ _19\"> </span>la <span class=\"_ _1b\"> </span>sua <span class=\"_ _1b\"> </span>quota <span class=\"_ _19\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> partecipazione <span class=\"_ _f\"> </span>al<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>76,05% <span class=\"_ _6\"></span>(per <span class=\"_ _6\"></span>ul<span class=\"_ _0\"></span>ter<span class=\"_ _1\"></span>iori <span class=\"_ _f\"> </span>detta<span class=\"_ _3\"></span>gl<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>si <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>invia <span class=\"_ _6\"></span>a <span class=\"_ _f\"> </span>q<span class=\"_ _1\"></span>uanto <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ip<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtato <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _6\"></span>\u201cParte <span class=\"_ _6\"></span>A <span class=\"_ _f\"> </span>- Politiche <span class=\"_ _1\"></span>contabili \u2013 <span class=\"_ _3\"></span>Altre in<span class=\"_ _1\"></span>formazioni <span class=\"_ _3\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Operazione <span class=\"_ _3\"></span>di conferiment<span class=\"_ _1\"></span>o ramo <span class=\"_ _3\"></span>aziend<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>in Vita <span class=\"_ _3\"></span>Srl\u201d della presente N<span class=\"_ _1\"></span>ota integrativa consoli<span class=\"_ _1\"></span>data al 31 dicembre 2<span class=\"_ _1\"></span>024). 2. Valutazioni e assun<span class=\"_ _1\"></span>zioni sign<span class=\"_ _1\"></span>ificative per det<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>minare l\u2019area d<span class=\"_ _1\"></span>i consolidamento<span class=\"_ _1\"></span> Societ\u00e0 controllate<span class=\"_ _3\"></span> Sono <span class=\"_ _0\"></span>considerate <span class=\"_ _0\"></span>controllate le <span class=\"_ _b\"></span>imp<span class=\"_ _1\"></span>rese <span class=\"_ _0\"></span>nelle <span class=\"_ _0\"></span>quali <span class=\"_ _0\"></span>Anima <span class=\"_ _0\"></span>Holding <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>esposta <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>rendimenti <span class=\"_ _0\"></span>va<span class=\"_ _1\"></span>riabili, <span class=\"_ _0\"></span>o detiene <span class=\"_ _5\"></span>diritti <span class=\"_ _b\"></span>su <span class=\"_ _5\"></span>tali <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>endime<span class=\"_ _1\"></span>nti, <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>erivanti <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>proprio <span class=\"_ _b\"></span>rapporto <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _b\"></span>le <span class=\"_ _5\"></span>stesse <span class=\"_ _5\"></span>e, <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ontempo<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>ha<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>la capacit\u00e0 di incidere s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>i ren<span class=\"_ _1\"></span>dimenti esercita<span class=\"_ _1\"></span>ndo il <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>roprio potere su tal<span class=\"_ _1\"></span>i entit\u00e0. Il controllo pu\u00f2 <span class=\"_ _1\"></span>configurarsi solame<span class=\"_ _1\"></span>nte con la prese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za contempo<span class=\"_ _1\"></span>ranea dei se<span class=\"_ _1\"></span>guenti elementi:<span class=\"_ _3\"></span> - <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _0\"></span>potere <span class=\"_ _1\"></span>di dirigere le atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 r<span class=\"_ _1\"></span>ilevanti della pa<span class=\"_ _1\"></span>rtecip<span class=\"_ _1\"></span>ata; </span>- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">l\u2019<span class=\"_ _0\"></span>esp<span class=\"_ _1\"></span>osizione <span class=\"_ _f\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>i  di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itti  a<span class=\"_ _1\"></span>  re<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>diment<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>abi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti  da<span class=\"_ _1\"></span>l  rapport<span class=\"_ _1\"></span>o  co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>l<span class=\"_ _0\"></span>\u2019e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tit\u00e0 <span class=\"_ _f\"> </span>oggetto  di<span class=\"_ _3\"></span> </span>investimento; - <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">la <span class=\"_ _c\"> </span>capacit\u00e0  di <span class=\"_ _c\"> </span>ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>citare  il <span class=\"_ _c\"> </span>prop<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>potere  sull\u2019en<span class=\"_ _1\"></span>tit\u00e0  o<span class=\"_ _0\"></span>ggetto  di  investimento  per <span class=\"_ _c\"> </span>incide<span class=\"_ _1\"></span>re </span>sull\u2019ammontare dei s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>oi re<span class=\"_ _1\"></span>ndimenti. Nello specifico il G<span class=\"_ _1\"></span>ruppo considera <span class=\"_ _1\"></span>i seguenti fatt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ri per valutare <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>esiste<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za di <span class=\"_ _1\"></span>controllo: - <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">lo<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>scopo <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>la <span class=\"_ _5\"></span>struttura<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>della <span class=\"_ _b\"></span>partecipat<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>\u2013 <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>fine <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>identificare <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>obiettivi <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ell\u2019entit\u00e0,<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>le <span class=\"_ _b\"></span>su<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> </span>attivit\u00e0 <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vanti <span class=\"_ _6\"></span>(ovv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>lle <span class=\"_ _f\"> </span>che <span class=\"_ _6\"></span>maggiorment<span class=\"_ _1\"></span>e <span class=\"_ _f\"></span>ne <span class=\"_ _6\"></span>influenzano <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>rendimenti) <span class=\"_ _f\"> </span>e <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ome <span class=\"_ _6\"></span>tali attivit\u00e0 sono governate<span class=\"_ _1\"></span>; - <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>otere  \u2013<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>a<span class=\"_ _1\"></span>l  fine <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>compr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e  se<span class=\"_ _1\"></span>  il  Gruppo<span class=\"_ _1\"></span>  h<span class=\"_ _1\"></span>a  diritti  c<span class=\"_ _1\"></span>ontrattuali  che  attr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>uiscono  la </span>capacit\u00e0 di dirigere le atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 r<span class=\"_ _1\"></span>ilevanti; - <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">l\u2019<span class=\"_ _0\"></span>esp<span class=\"_ _1\"></span>osizione <span class=\"_ _d\"> </span>alla <span class=\"_ _1f\"> </span>v<span class=\"_ _0\"></span>aria<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ilit\u00e0 <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>rendimenti <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>lla <span class=\"_ _15\"> </span>partecipata <span class=\"_ _15\"> </span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>al <span class=\"_ _15\"> </span>f<span class=\"_ _0\"></span>ine <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tare <span class=\"_ _15\"> </span>se <span class=\"_ _15\"> </span>il </span>rendimento <span class=\"_ _c\"> </span>percepito <span class=\"_ _c\"> </span>dal <span class=\"_ _c\"> </span>Gruppo <span class=\"_ _c\"> </span>pu\u00f2 <span class=\"_ _c\"> </span>variare, <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>v<span class=\"_ _0\"></span>ia <span class=\"_ _c\"> </span>potenziale, <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>funzione <span class=\"_ _c\"> </span>dei <span class=\"_ _c\"> </span>risultati raggiunti dalla pa<span class=\"_ _1\"></span>rteci<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ta.<span class=\"_ _1\"></span> Determinata <span class=\"_ _b\"></span>l\u2019<span class=\"_ _0\"></span>esiste<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>controllo, <span class=\"_ _5\"></span>per <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>aluta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>se <span class=\"_ _5\"></span>si <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>pera <span class=\"_ _b\"></span>come <span class=\"_ _5\"></span>\u201cprincipale\u201d <span class=\"_ _5\"></span>o <span class=\"_ _5\"></span>come <span class=\"_ _5\"></span>\u201cagente\u201d, <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>l Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o prende in conside<span class=\"_ _1\"></span>razione i seguenti <span class=\"_ _1\"></span>fattori: - <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _0\"></span>potere <span class=\"_ _1\"></span>decisionale sul<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a at<span class=\"_ _1\"></span>tivit\u00e0 rilevanti della pa<span class=\"_ _1\"></span>rtecipata<span class=\"_ _1\"></span>;<span class=\"_ _4a1\"> </span></span>- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">i d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritti detenuti da alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i sog<span class=\"_ _1\"></span>getti; </span>- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">la r<span class=\"_ _0\"></span>em<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>nerazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e a cui il G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>uppo <span class=\"_ _1\"></span>ha diritto; </span>- <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">l\u2019<span class=\"_ _0\"></span>esp<span class=\"_ _1\"></span>osizione <span class=\"_ _1\"></span>del Grupp<span class=\"_ _1\"></span>o alla <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>iabilit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _1\"></span>rendimenti der<span class=\"_ _1\"></span>ivanti dall\u2019e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span>uale pa<span class=\"_ _1\"></span>rtecipazione </span>detenuta nella parte<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipata<span class=\"_ _1\"></span>. L\u2019IFRS <span class=\"_ _c\"> </span>10 <span class=\"_ _c\"> </span>identifica <span class=\"_ _c\"> </span>come <span class=\"_ _c\"> </span>\u201cattivit\u00e0  r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vanti\u201d <span class=\"_ _c\"> </span>solo <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>attivit\u00e0  c<span class=\"_ _0\"></span>he <span class=\"_ _c\"> </span>influenzan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>significativame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _c\"> </span>i rendimenti della so<span class=\"_ _1\"></span>ciet\u00e0 partecipat<span class=\"_ _1\"></span>a. In <span class=\"_ _0\"></span>termin<span class=\"_ _1\"></span>i gen<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ali, quando le attivi<span class=\"_ _0\"></span>t\u00e0 rilevanti<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sono<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>gestite attraverso diritti di vo<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>i seguenti f<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ori forniscono evide<span class=\"_ _1\"></span>nza di controllo: a)<span class=\"ff4 fs5\"> <span class=\"_ _1c\"> </span></span>possesso, <span class=\"_ _1\"></span>direttame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>direttame<span class=\"_ _3\"></span>nte attra<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> le p<span class=\"_ _3\"></span>roprie <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>ollate, <span class=\"_ _3\"></span>di pi<span class=\"_ _3\"></span>\u00f9<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _1\"></span> de<span class=\"_ _3\"></span>i diri<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>voto<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>di u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>entit\u00e0 <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>meno <span class=\"_ _3\"></span>che,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>casi <span class=\"_ _3\"></span>eccezionali, <span class=\"_ _3\"></span>possa <span class=\"_ _3\"></span>essere <span class=\"_ _3\"></span>chiarame<span class=\"_ _1\"></span>nte <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>im<span class=\"_ _1\"></span>ostrato che tale possess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> non c<span class=\"_ _1\"></span>ostituisce controllo; b)<span class=\"ff4 fs5\"> <span class=\"_ _18\"> </span></span>possesso  della <span class=\"_ _f\"> </span>met\u00e0, <span class=\"_ _f\"> </span>o  di <span class=\"_ _f\"> </span>una  q<span class=\"_ _3\"></span>uo<span class=\"_ _0\"></span>ta <span class=\"_ _f\"> </span>inferiore, <span class=\"_ _f\"> </span>dei  voti <span class=\"_ _f\"> </span>esercitabili <span class=\"_ _f\"> </span>in  asse<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>blea <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>apa<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>it\u00e0<span class=\"_ _3\"></span> pratica di governare u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ilateralmente <span class=\"_ _3\"></span>le attiv<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vanti attraverso:<span class=\"_ _1\"></span> <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il controllo di pi\u00f9 de<span class=\"_ _1\"></span>lla met\u00e0 dei diritti <span class=\"_ _1\"></span>di voto in virt<span class=\"_ _3\"></span>\u00f9<span class=\"_ _0\"></span> di u<span class=\"_ _1\"></span>n accordo con altri in<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>estitori<span class=\"_ _1\"></span>; </span></span><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _5\"></span>potere <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>determinare<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>politi<span class=\"_ _1\"></span>che <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>inanzia<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>operative <span class=\"_ _5\"></span>dell\u2019e<span class=\"_ _1\"></span>ntit\u00e0 <span class=\"_ _5\"></span>in <span class=\"_ _b\"></span>virt\u00f9 <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>lausole<span class=\"_ _3\"></span> </span></span>statutarie o di un c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntratto;<span class=\"_ _1\"></span> <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _e\"> </span>potere <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _d\"> </span>no<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>inare <span class=\"_ _e\"> </span>o <span class=\"_ _e\"> </span>di <span class=\"_ _19\"> </span>rimuo<span class=\"_ _1\"></span>vere <span class=\"_ _19\"> </span>la <span class=\"_ _e\"> </span>maggioranza <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>membri <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>onsigli<span class=\"_ _1\"></span>o <span class=\"_ _e\"> </span>di </span></span>amministrazione <span class=\"_ _1\"></span>o dell\u2019equivalente or<span class=\"_ _1\"></span>gano di gover<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o societari<span class=\"_ _1\"></span>o; <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _c\"> </span>potere <span class=\"_ _16\"> </span>di <span class=\"_ _c\"> </span>eser<span class=\"_ _1\"></span>citare <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio<span class=\"_ _1\"></span>ranza <span class=\"_ _c\"> </span>dei <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritti <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>v<span class=\"_ _0\"></span>ot<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>sed<span class=\"_ _1\"></span>ute <span class=\"_ _c\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sigli<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> </span></span>amministrazione <span class=\"_ _1\"></span>o dell\u2019equivalente or<span class=\"_ _1\"></span>gano di gover<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o societari<span class=\"_ _1\"></span>o. Per <span class=\"_ _f\"> </span>esercitare <span class=\"_ _f\"> </span>tali <span class=\"_ _f\"> </span>poteri <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>necessario <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>diritti <span class=\"_ _f\"> </span>vantati <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"> </span>sull\u2019entit\u00e0 <span class=\"_ _f\"> </span>partecipata <span class=\"_ _f\"></span>siano sostanziali; <span class=\"_ _16\"> </span>per <span class=\"_ _1f\"> </span>essere <span class=\"_ _1f\"> </span>sostanzial<span class=\"_ _1\"></span>i <span class=\"_ _16\"> </span>tali <span class=\"_ _1f\"> </span>diritti <span class=\"_ _1f\"> </span>devono <span class=\"_ _16\"> </span>essere <span class=\"_ _1f\"> </span>praticamente <span class=\"_ _16\"> </span>esercitabil<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>quando <span class=\"_ _16\"> </span>le decisioni sulle atti<span class=\"_ _1\"></span>vit\u00e0 rilevanti dev<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no essere<span class=\"_ _1\"></span> prese. Societ\u00e0 collegate<span class=\"_ _3\"></span> Una s<span class=\"_ _1\"></span>ociet\u00e0 <span class=\"_ _1\"></span>collegata <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n\u2019impre<span class=\"_ _1\"></span>sa <span class=\"_ _1\"></span>nella <span class=\"_ _1\"></span>quale <span class=\"_ _3\"></span>la p<span class=\"_ _3\"></span>artecipante ese<span class=\"_ _3\"></span>rcita u<span class=\"_ _1\"></span>n\u2019influenza <span class=\"_ _3\"></span>notevole e<span class=\"_ _3\"></span> che <span class=\"_ _3\"></span>non \u00e8 <span class=\"_ _3\"></span>n\u00e9 <span class=\"_ _1\"></span>controllata <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>mani<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>esclusiva <span class=\"_ _3\"></span>n\u00e9 <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>ollata <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>do <span class=\"_ _3\"></span>congiunto. <span class=\"_ _3\"></span>L\u2019influenza <span class=\"_ _3\"></span>notevole <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>presume in <span class=\"_ _19\"> </span>tutti <span class=\"_ _19\"> </span>i <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>asi <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i <span class=\"_ _19\"> </span>la <span class=\"_ _e\"> </span>Societ\u00e0 <span class=\"_ _19\"> </span>detiene <span class=\"_ _e\"> </span>il <span class=\"_ _e\"> </span>20% <span class=\"_ _e\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>una <span class=\"_ _e\"> </span>quota <span class=\"_ _19\"> </span>superiore <span class=\"_ _e\"> </span>dei <span class=\"_ _e\"> </span>diri<span class=\"_ _0\"></span>tti<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>di <span class=\"_ _e\"> </span>vo<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _19\"> </span>e, indi<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>ndentemente  dalla  quota  posseduta,  qualo<span class=\"_ _1\"></span>ra  sussi<span class=\"_ _0\"></span>sta  il  pote<span class=\"_ _1\"></span>re  di<span class=\"_ _0\"></span>  parte<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipare  alle  decision<span class=\"_ _1\"></span>i gestionali <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>finanziarie <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _5\"></span>partecipata<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>in <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>irt\u00f9 <span class=\"_ _b\"></span>di <span class=\"_ _6\"></span>particolari <span class=\"_ _5\"></span>legami <span class=\"_ _5\"></span>giuridici <span class=\"_ _5\"></span>(i<span class=\"_ _0\"></span>.e<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>patti <span class=\"_ _5\"></span>parasociali) aventi <span class=\"_ _15\"> </span>la <span class=\"_ _1f\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nalit\u00e0 <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>assicurare <span class=\"_ _1f\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>resentativit\u00e0 <span class=\"_ _15\"> </span>negli <span class=\"_ _15\"> </span>organi<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>g<span class=\"_ _0\"></span>estio<span class=\"_ _1\"></span>ne <span class=\"_ _15\"> </span>e <span class=\"_ _1f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>salvaguardare l\u2019unitariet\u00e0 di indirizzo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>della <span class=\"_ _1\"></span>gestione, senza t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ttavi<span class=\"_ _3\"></span>a aver<span class=\"_ _0\"></span>ne il <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontroll<span class=\"_ _1\"></span>o. Le partecipazioni in s<span class=\"_ _1\"></span>ociet\u00e0 collegate so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tate second<span class=\"_ _1\"></span>o il metodo del pat<span class=\"_ _1\"></span>rimonio nett<span class=\"_ _1\"></span>o.  3. Partecipaz<span class=\"_ _1\"></span>ioni in societ\u00e0 contro<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>late <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n via <span class=\"_ _1\"></span>esclusiva con inter<span class=\"_ _1\"></span>essenze di terz<span class=\"_ _1\"></span>i significative<span class=\"_ _1\"></span> <table class=\"s w27a h352\" id=\"_075c1366-e4d6-4a13-ac65-d771da21a539\"><tr><td></td><td class=\"t m10 x357 h56 y17a5 ff3 fs20 fc1 sc0 ls0 ws0\">Int<span class=\"_ _0\"></span>eres<span class=\"_ _3\"></span>senze <span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>i </td><td class=\"t m10 x358 h56 y17a5 ff3 fs20 fc1 sc0 ls0 ws0\">Dispo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 vot<span class=\"_ _0\"></span>i </td><td class=\"t m10 x359 h56 y17a6 ff3 fs20 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>nd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> </td><td></td></tr><tr><td class=\"t m10 x35a h56 y17a7 ff3 fs20 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>enomin<span class=\"_ _0\"></span>azio<span class=\"_ _0\"></span>ne impres<span class=\"_ _1\"></span>a<span class=\"_ _4a1\"> </span></td><td class=\"t m10 x357 h56 y17a8 ff3 fs20 fc1 sc0 ls0 ws0\">t<span class=\"_ _0\"></span>erzi (%)<span class=\"_ _4a1\"> </span></td><td class=\"t m10 x358 h56 y17a8 ff3 fs20 fc1 sc0 ls0 ws0\">dei ter<span class=\"_ _0\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>(%)<span class=\"_ _4a1\"> </span></td><td class=\"t m10 x359 h56 y17a7 ff3 fs20 fc1 sc0 ls0 ws0\">di<span class=\"_ _0\"></span>stribu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>erz<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> </td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m10 x359 h56 y17a9 ff3 fs20 fc1 sc0 ls0 ws0\">(migl<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>ia di Eu<span class=\"_ _0\"></span>ro)<span class=\"_ _4a1\"> </span></td><td></td></tr><tr><td class=\"c n x1a9 y17ab w27b h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">C<span class=\"_ _0\"></span>ast<span class=\"_ _1\"></span>ello<span class=\"_ _3\"></span> SG<span class=\"_ _3\"></span>R S.<span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>.A<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x35b y17ab w27c h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>0%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x35c y17ab w27d h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">20%<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x35d y17ab w27e h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w27f h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">V<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ta S.r.<span class=\"_ _0\"></span>l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x35e y16d8 w280 h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">39,<span class=\"_ _0\"></span>16%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x35f y16d8 w280 h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">39,1<span class=\"_ _0\"></span>6%<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x360 y16d8 w27e h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr></table>Rispetto al 3<span class=\"_ _1\"></span>1 dicemb<span class=\"_ _1\"></span>re 2023, in re<span class=\"_ _3\"></span>lazione alle i<span class=\"_ _1\"></span>nteressenze di te<span class=\"_ _3\"></span>rzi <span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>gni<span class=\"_ _0\"></span>ficati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e, <span class=\"_ _1\"></span>si seg<span class=\"_ _1\"></span>nala che in data<span class=\"_ _1\"></span> 24 <span class=\"_ _1\"></span>gennaio <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>aste<span class=\"_ _3\"></span>llo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>SGR <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>stituito <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>Vita <span class=\"_ _3\"></span>Srl, <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _1\"></span>l\u2019obiettiv<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>creare <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>piattaforma per la <span class=\"_ _3\"></span>gestione pr<span class=\"_ _1\"></span>of<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>ionale di i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bili res<span class=\"_ _3\"></span>id<span class=\"_ _0\"></span>enz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i destinati alla <span class=\"_ _3\"></span>loc<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>(c<span class=\"_ _0\"></span>.d. <span class=\"_ _3\"></span>settore Mult<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>family <span class=\"_ _3\"></span>o Build-to-Rent). <span class=\"_ _b\"></span>In<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>data <span class=\"_ _5\"></span>25 <span class=\"_ _5\"></span>luglio <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>024 <span class=\"_ _b\"></span>ha <span class=\"_ _5\"></span>avu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>luogo <span class=\"_ _5\"></span>l\u2019<span class=\"_ _0\"></span>au<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Vita <span class=\"_ _5\"></span>Srl, <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>seguito <span class=\"_ _b\"></span>del quale <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>entrati <span class=\"_ _b\"></span>all\u2019interno <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la <span class=\"_ _b\"></span>compagine <span class=\"_ _0\"></span>sociale <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>controllata <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>diretta <span class=\"_ _0\"></span>Compass <span class=\"_ _b\"></span>Rock <span class=\"_ _b\"></span>Real Estate Ltd (2,95% quota <span class=\"_ _3\"></span>li<span class=\"_ _0\"></span>be<span class=\"_ _1\"></span>rata in contanti) e Hall<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>is S.p.A. (<span class=\"_ _1\"></span>41% quota liberata il <span class=\"_ _3\"></span>6<span class=\"_ _0\"></span> agosto att<span class=\"_ _3\"></span>rav<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> il <span class=\"_ _e\"> </span>conferimento <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>am<span class=\"_ _1\"></span>o <span class=\"_ _e\"> </span>d\u2019<span class=\"_ _0\"></span>azie<span class=\"_ _3\"></span>nd<span class=\"_ _0\"></span>a <span class=\"_ _d\"> </span>o<span class=\"_ _0\"></span>perati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>, <span class=\"_ _d\"> </span>attiv<span class=\"_ _0\"></span>o <span class=\"_ _e\"> </span>nella <span class=\"_ _e\"> </span>gest<span class=\"_ _1\"></span>ione <span class=\"_ _e\"> </span>professionale <span class=\"_ _d\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>i<span class=\"_ _1\"></span>mmobili residenziali destinati al<span class=\"_ _1\"></span>la locazione). In data 6 a<span class=\"_ _1\"></span>gosto 2024 Halldis S.p.A. <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a c<span class=\"_ _1\"></span>ontestualmente ceduto a<span class=\"_ _3\"></span> Castello SGR un<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>quota pari al 20% del <span class=\"_ _0\"></span>capitale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>socia<span class=\"_ _1\"></span>le <span class=\"_ _0\"></span>di Vita<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Srl<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>un corrispettivo in contanti <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ri a <span class=\"_ _15\"> </span>Eu<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>2,6 <span class=\"_ _1f\"> </span>mi<span class=\"_ _0\"></span>lion<span class=\"_ _1\"></span>i. <span class=\"_ _d\"> </span>A <span class=\"_ _15\"> </span>seguito <span class=\"_ _1f\"> </span>di <span class=\"_ _d\"> </span>tale <span class=\"_ _1f\"> </span>o<span class=\"_ _0\"></span>perazio<span class=\"_ _1\"></span>ne, <span class=\"_ _15\"> </span>al <span class=\"_ _15\"> </span>3<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>embre <span class=\"_ _1f\"> </span>2024, <span class=\"_ _15\"> </span>Castello <span class=\"_ _15\"> </span>SGR <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>etie<span class=\"_ _1\"></span>ne direttamente <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>76,05% <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _3\"></span>di V<span class=\"_ _1\"></span>ita <span class=\"_ _3\"></span>Srl, e <span class=\"_ _3\"></span>di <span class=\"_ _8\"></span>con<span class=\"_ _0\"></span>se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uenza <span class=\"_ _3\"></span>Anima <span class=\"_ _3\"></span>Holding <span class=\"_ _3\"></span>detiene <span class=\"_ _3\"></span>indirettamente il <span class=\"_ _5\"></span>60,84% <span class=\"_ _b\"></span>(<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i <span class=\"_ _5\"></span>rinvia <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>quanto <span class=\"_ _5\"></span>descritto<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>nel <span class=\"_ _b\"></span>successivo <span class=\"_ _5\"></span>para<span class=\"_ _1\"></span>grafo <span class=\"_ _b\"></span>\u201cParte <span class=\"_ _5\"></span>A <span class=\"_ _5\"></span>\u2013 <span class=\"_ _5\"></span>Politiche <span class=\"_ _b\"></span>contabili <span class=\"_ _b\"></span>- <span class=\"_ _5\"></span>Altre<span class=\"_ _4a1\"> </span>informazioni <span class=\"_ _0\"></span>- \u201cO<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>razione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>confer<span class=\"_ _1\"></span>imento <span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>mo <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>zienda <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>Vita Srl\u201d <span class=\"_ _0\"></span>della pr<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>nte <span class=\"_ _0\"></span>Nota <span class=\"_ _0\"></span>integ<span class=\"_ _1\"></span>rativa consolidata al 31 d<span class=\"_ _1\"></span>icembre 2024).<span class=\"_ _3\"></span> <table class=\"s w281 h354\" id=\"_5f45946d-2a9e-4937-8d03-c8b84f32dd84\"><tr><td class=\"c n x1a9 y17ad w282 h355\"><div class=\"t m11 x17f h59 y17ac ff3 fs21 fc1 sc0 ls0 ws0\">Deno<span class=\"_ _1\"></span>mina<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>ne impresa<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x361 y17ad w283 h355\"><div class=\"t m11 x17f h59 y17ac ff3 fs21 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _1\"></span>le Attivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x362 y17ad w284 h355\"><div class=\"t m11 x17f h59 y17ac ff3 fs21 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _1\"></span>le Passiv<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x363 y17ad w285 h355\"><div class=\"t m11 x17f h59 y17ac ff3 fs21 fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>nio<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Nett<span class=\"_ _0\"></span>o</div></td><td class=\"t m11 x364 h59 y17ae ff3 fs21 fc1 sc0 ls0 ws0\">Ut<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>le/<span class=\"_ _0\"></span>Per<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span> </td><td class=\"t m11 x365 h59 y17ae ff3 fs21 fc1 sc0 ls0 ws0\">Marg<span class=\"_ _3\"></span>ine </td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m11 x364 h59 y17af ff3 fs21 fc1 sc0 ls0 ws0\">d'ese<span class=\"_ _0\"></span>rcizi<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m11 x365 h59 y17af ff3 fs21 fc1 sc0 ls0 ws0\">commiss<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span>na<span class=\"_ _3\"></span>le<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y17b1 w286 h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">Caste<span class=\"_ _1\"></span>llo S<span class=\"_ _0\"></span>GR S<span class=\"_ _0\"></span>.p<span class=\"_ _1\"></span>.A.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x366 y17b1 w287 h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">36<span class=\"_ _0\"></span>.31<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x367 y17b1 w288 h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">36<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>31<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x368 y17b1 w289 h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.507<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x369 y17b1 w28a h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.985<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36a y17b1 w28b h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>1.71<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17b2 w28c h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">Vita S.r.l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36b y17b2 w28d h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">11.62<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36c y17b2 w28e h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">11<span class=\"_ _0\"></span>.62<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36d y17b2 w28a h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">3.18<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36e y17b2 w28f h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">(45<span class=\"_ _0\"></span>6)</div></td><td class=\"c x36f y17b3 w1f h5b\"><div class=\"t m11 x3b h5a y46b ff2 fs21 fc1 sc0 ls0 ws0\">     <span class=\"_ _0\"></span>       <span class=\"_ _0\"></span>     <span class=\"_ _0\"></span>     <span class=\"_ _0\"></span>      <span class=\"_ _0\"></span>   -   </div></td></tr></table>Si <span class=\"_ _1\"></span>segnala <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>al 31<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>Vi<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>Srl <span class=\"_ _1\"></span>detiene <span class=\"_ _3\"></span>una p<span class=\"_ _3\"></span>artecipazion<span class=\"_ _3\"></span>e dell\u201980% <span class=\"_ _3\"></span>in GE<span class=\"_ _3\"></span>M Hospi<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ali<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y S<span class=\"_ _1\"></span>.r.l. <span class=\"_ _3\"></span>(societ\u00e0 costituita <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>inizio <span class=\"_ _b\"></span>202<span class=\"_ _1\"></span>4). <span class=\"_ _0\"></span>La <span class=\"_ _b\"></span>parte<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>consolidata <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>embre <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>quanto, <span class=\"_ _b\"></span>sul<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>base dell\u2019analisi d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>patti <span class=\"_ _0\"></span>para<span class=\"_ _1\"></span>sociali <span class=\"_ _0\"></span>e dei<span class=\"_ _0\"></span> contratti i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>essere, Anima <span class=\"_ _0\"></span>Holdin<span class=\"_ _1\"></span>g <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>detiene il <span class=\"_ _0\"></span>controllo, m<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>ercita comun<span class=\"_ _1\"></span>que un\u2019influen<span class=\"_ _1\"></span>za signif<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ca<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>iva. 4. Restrizioni sign<span class=\"_ _1\"></span>ificative<span class=\"_ _3\"></span> Il G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>uppo <span class=\"_ _3\"></span>ritiene <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>non a<span class=\"_ _3\"></span>ver<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>vincoli <span class=\"_ _3\"></span>di nat<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ra <span class=\"_ _1\"></span>stat<span class=\"_ _3\"></span>uaria, paraso<span class=\"_ _1\"></span>ciale <span class=\"_ _3\"></span>o re<span class=\"_ _1\"></span>golamentare <span class=\"_ _3\"></span>che impedis<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> o limitino la sua <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apacit\u00e0 di a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>cedere al<span class=\"_ _1\"></span>le attivit\u00e0 o di re<span class=\"_ _1\"></span>gol<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>re l<span class=\"_ _0\"></span>e pa<span class=\"_ _1\"></span>ssivit\u00e0.<span class=\"_ _4a1\"> </span>5. Altre informaz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>oni Nella redazione del <span class=\"_ _0\"></span>Bi<span class=\"_ _1\"></span>lancio consolidato sono stati util<span class=\"_ _0\"></span>izzat<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incipi<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>contabili omogenei sulla base dei bilanci <span class=\"_ _15\"> </span>al <span class=\"_ _1f\"> </span>3<span class=\"_ _0\"></span>1 <span class=\"_ _16\"> </span>dic<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>mbre <span class=\"_ _1f\"> </span>2024 <span class=\"_ _15\"> </span>approvati <span class=\"_ _1f\"> </span>dai <span class=\"_ _15\"> </span>rispettivi <span class=\"_ _1f\"> </span>Con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ig<span class=\"_ _0\"></span>li <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>Amministrazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>delle <span class=\"_ _1f\"> </span>societ\u00e0 integralmente <span class=\"_ _16\"> </span>consolidate. <span class=\"_ _1f\"> </span>Tutte <span class=\"_ _1f\"> </span>le <span class=\"_ _1f\"> </span>societ\u00e0 <span class=\"_ _16\"> </span>consolidate <span class=\"_ _1f\"> </span>adottano <span class=\"_ _16\"> </span>l\u2019Euro <span class=\"_ _1f\"> </span>quale <span class=\"_ _1f\"> </span>moneta <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> funzionale. <span class=\"_ _15\"> </span>Non <span class=\"_ _d\"> </span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ltano <span class=\"_ _15\"> </span>b<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>lanci <span class=\"_ _15\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>societ\u00e0<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>controll<span class=\"_ _0\"></span>ate <span class=\"_ _1f\"> </span>u<span class=\"_ _0\"></span>til<span class=\"_ _1\"></span>izzati <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>la <span class=\"_ _d\"> </span>redazione <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>Bi<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span>ncio consolidato <span class=\"_ _b\"></span>che <span class=\"_ _5\"></span>hanno <span class=\"_ _b\"></span>com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferimento <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>data <span class=\"_ _5\"></span>diversa <span class=\"_ _b\"></span>da <span class=\"_ _5\"></span>qu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Bilancio <span class=\"_ _b\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lidat<span class=\"_ _1\"></span>o stesso. Tra <span class=\"_ _f\"></span>le <span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>rollate <span class=\"_ _6\"></span>possono<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>essere <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omprese <span class=\"_ _6\"></span>anche <span class=\"_ _6\"></span>le <span class=\"_ _f\"> </span>cosiddette <span class=\"_ _6\"></span>\u201c<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tit\u00e0 <span class=\"_ _6\"></span>strutturate\u201d, <span class=\"_ _6\"></span>nelle <span class=\"_ _f\"> </span>quali <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span> diri<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>voto <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>significativ<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>ai <span class=\"_ _b\"></span>fini <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>sussistenza <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>cont<span class=\"_ _1\"></span>rollo, <span class=\"_ _0\"></span>ivi <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>cluse <span class=\"_ _0\"></span>societ\u00e0 <span class=\"_ _b\"></span>o <span class=\"_ _b\"></span>entit\u00e0 <span class=\"_ _0\"></span>a destinazione spe<span class=\"_ _1\"></span>cifica (\u201cspecial purp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>se entities\u201d)<span class=\"_ _1\"></span> e fondi di i<span class=\"_ _1\"></span>nvestimento. <span class=\"_ _3\"></span> I <span class=\"_ _0\"></span>fondi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>investimento <span class=\"_ _0\"></span>gestiti <span class=\"_ _0\"></span>dalle <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>oci<span class=\"_ _0\"></span>et\u00e0 del <span class=\"_ _0\"></span>Grup<span class=\"_ _1\"></span>po <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>considerati <span class=\"_ _0\"></span>controllati <span class=\"_ _0\"></span>qualo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>Gruppo sia e<span class=\"_ _1\"></span>sposto i<span class=\"_ _1\"></span>n misu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>gni<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>icativa <span class=\"_ _3\"></span>alla <span class=\"_ _1\"></span>variabilit\u00e0 dei <span class=\"_ _3\"></span>rendimenti e <span class=\"_ _3\"></span>nel cas<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>cui gli <span class=\"_ _3\"></span>inv<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>itori terzi <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span> abbiano diritti di <span class=\"_ _1\"></span>rimozione della s<span class=\"_ _1\"></span>ociet\u00e0 di gestione<span class=\"_ _1\"></span>. Con <span class=\"_ _3\"></span>riferimento <span class=\"_ _3\"></span>al <span class=\"_ _8\"></span>3<span class=\"_ _0\"></span>1 <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cembre <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>non <span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>isultano <span class=\"_ _3\"></span>fondi <span class=\"_ _8\"></span>comuni <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>invest<span class=\"_ _1\"></span>imento <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>considerarsi<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>entit\u00e0 controllate.  Metodi di conso<span class=\"_ _1\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _3\"></span>me<span class=\"_ _0\"></span>nto<span class=\"_ _3\"></span> Consolidamento inte<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rale Il <span class=\"_ _d\"> </span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lidament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>integrale <span class=\"_ _d\"> </span>consiste <span class=\"_ _15\"> </span>nell\u2019acquisizione <span class=\"_ _15\"> </span>\u201cl<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nea <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>linea\u201d <span class=\"_ _15\"> </span>degli <span class=\"_ _e\"> </span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gregati<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>stato patrimoniale <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>conto <span class=\"_ _0\"></span>economic<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>societ\u00e0 c<span class=\"_ _0\"></span>ontrollate. <span class=\"_ _0\"></span>Il <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>partecipazioni <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>annullat<span class=\"_ _1\"></span>o in c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>opartita al <span class=\"_ _0\"></span>va<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>del patrimoni<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> delle controllate,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ribuendo ai <span class=\"_ _0\"></span>te<span class=\"_ _1\"></span>rzi, se <span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>resenti, le <span class=\"_ _0\"></span>qu<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>te di loro pertinenza del pa<span class=\"_ _1\"></span>trimonio e del ris<span class=\"_ _1\"></span>ultato econ<span class=\"_ _1\"></span>omico. Le d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ffere<span class=\"_ _1\"></span>nze <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ultanti <span class=\"_ _1\"></span>da <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>sta ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione, <span class=\"_ _3\"></span>se <span class=\"_ _1\"></span>positive, <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ate <span class=\"_ _3\"></span>\u2013 <span class=\"_ _1\"></span>dopo<span class=\"_ _1\"></span> l\u2019e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span>uale <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mputazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> ad <span class=\"_ _d\"> </span>elemen<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _e\"> </span>dell\u2019attivo <span class=\"_ _d\"> </span>o <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>passivo <span class=\"_ _e\"> </span>de<span class=\"_ _1\"></span>lla <span class=\"_ _d\"> </span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollat<span class=\"_ _1\"></span>a <span class=\"_ _d\"> </span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>nella <span class=\"_ _d\"> </span>voce <span class=\"_ _e\"> </span>Atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _d\"> </span>immateriali <span class=\"_ _15\"> </span>come avviamento o<span class=\"_ _1\"></span> come altre<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 inta<span class=\"_ _1\"></span>ngibili. Le<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>enze <span class=\"_ _1\"></span>negative so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o imp<span class=\"_ _3\"></span>utate al conto ec<span class=\"_ _1\"></span>onomico. Gli <span class=\"_ _1b\"> </span>importi <span class=\"_ _19\"> </span>riferiti <span class=\"_ _1b\"> </span>ad <span class=\"_ _19\"> </span>attivit\u00e0, <span class=\"_ _1b\"> </span>passivit\u00e0, <span class=\"_ _19\"> </span>proventi <span class=\"_ _1b\"> </span>ed <span class=\"_ _e\"> </span>o<span class=\"_ _0\"></span>neri <span class=\"_ _19\"> </span>tr<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>imprese <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>onsolidate <span class=\"_ _19\"> </span>vengono<span class=\"_ _1\"></span> integralmente eliminati<span class=\"_ _1\"></span>. Le <span class=\"_ _0\"></span>acquisizioni <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>societ\u00e0 <span class=\"_ _0\"></span>sono<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>contabilizzate <span class=\"_ _0\"></span>secondo <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>\u201cmetodo d<span class=\"_ _0\"></span>ell\u2019a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisizi<span class=\"_ _1\"></span>one\u201d <span class=\"_ _0\"></span>previsto <span class=\"_ _0\"></span>dall\u2019IFRS 3, <span class=\"_ _0\"></span>cos\u00ec <span class=\"_ _0\"></span>come<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>modificato dal <span class=\"_ _0\"></span>Regolamento <span class=\"_ _0\"></span>495/<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>009, i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>al q<span class=\"_ _0\"></span>uale<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _0\"></span>ide<span class=\"_ _1\"></span>ntificabili <span class=\"_ _0\"></span>acqu<span class=\"_ _1\"></span>isite e le <span class=\"_ _3\"></span>passivit\u00e0 identificabili <span class=\"_ _3\"></span>assun<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>(comprese q<span class=\"_ _1\"></span>uelle <span class=\"_ _1\"></span>potenziali) de<span class=\"_ _1\"></span>vono esse<span class=\"_ _1\"></span>re rilevate <span class=\"_ _3\"></span>ai rispettivi <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>air value <span class=\"_ _0\"></span>alla data d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>acquisizione. Inoltre, per ogni<span class=\"_ _0\"></span> aggregazione aziendale, eventuali quote di m<span class=\"_ _0\"></span>inora<span class=\"_ _1\"></span>nza nella <span class=\"_ _d\"> </span>societ\u00e0 <span class=\"_ _15\"> </span>acq<span class=\"_ _1\"></span>uisita <span class=\"_ _d\"> </span>possono <span class=\"_ _15\"> </span>esse<span class=\"_ _1\"></span>re <span class=\"_ _d\"> </span>rilevate<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>al <span class=\"_ _d\"> </span>fair<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>value <span class=\"_ _15\"> </span>o <span class=\"_ _15\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>propo<span class=\"_ _1\"></span>rzione <span class=\"_ _15\"> </span>alla <span class=\"_ _15\"> </span>quota <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>ella<span class=\"_ _1\"></span> partecipazione <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>minoranza <span class=\"_ _c\"> </span>nelle <span class=\"_ _c\"> </span>attivit\u00e0 <span class=\"_ _c\"> </span>nette <span class=\"_ _c\"> </span>identificabili <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>so<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _c\"> </span>acquisite. <span class=\"_ _c\"> </span>L\u2019eventuale eccedenza <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>corrispettiv<span class=\"_ _1\"></span>o <span class=\"_ _1f\"> </span>trasferito<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>- <span class=\"_ _16\"> </span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentato <span class=\"_ _1f\"> </span>dal <span class=\"_ _16\"> </span>fair <span class=\"_ _16\"> </span>value <span class=\"_ _16\"> </span>delle <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>ute, <span class=\"_ _16\"> </span>delle passivit\u00e0 <span class=\"_ _0\"></span>sostenute, <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>gli <span class=\"_ _0\"></span>strumenti <span class=\"_ _0\"></span>di c<span class=\"_ _0\"></span>apitale <span class=\"_ _0\"></span>eme<span class=\"_ _1\"></span>ssi <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>de<span class=\"_ _1\"></span>lla <span class=\"_ _0\"></span>eventuale <span class=\"_ _0\"></span>rilevazi<span class=\"_ _1\"></span>one <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> v<span class=\"_ _0\"></span>alue<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>delle quo<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>  d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>oranza  rispett<span class=\"_ _1\"></span>o  al  fair  value<span class=\"_ _1\"></span>  delle  at<span class=\"_ _3\"></span>tiv<span class=\"_ _0\"></span>it\u00e0  e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>assivit\u00e0  acquis<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>te  -<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>vie<span class=\"_ _1\"></span>ne  rilevata <span class=\"_ _f\"> </span>co<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span> avviamento; qualo<span class=\"_ _1\"></span>ra il prezzo risulti i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>feri<span class=\"_ _1\"></span>ore, la differenza vie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e imp<span class=\"_ _1\"></span>utata a conto economi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o.<span class=\"_ _4a1\"> </span>Il <span class=\"_ _0\"></span>\u201cmetodo <span class=\"_ _0\"></span>dell\u2019acquisizione\u201d v<span class=\"_ _0\"></span>iene <span class=\"_ _0\"></span>appli<span class=\"_ _1\"></span>cato <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>parti<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>alla data <span class=\"_ _0\"></span>dell\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>cquisi<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>ia <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>momento in cui si ottie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>fettivame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>ollo della soci<span class=\"_ _3\"></span>et\u00e0 acquisita. Pertant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, i r<span class=\"_ _1\"></span>isultati econ<span class=\"_ _1\"></span>omici di <span class=\"_ _1\"></span>una controllata <span class=\"_ _1\"></span>acquisita <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>corso del <span class=\"_ _3\"></span>periodo di <span class=\"_ _3\"></span>riferimento s<span class=\"_ _3\"></span>ono inclusi <span class=\"_ _3\"></span>nel Bilan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>olidato a <span class=\"_ _3\"></span>partire dalla data della sua acquisizione. Parimenti, i risulta<span class=\"_ _3\"></span>ti ec<span class=\"_ _0\"></span>onomic<span class=\"_ _1\"></span>i di una controllata ceduta sono inclu<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i nel Bilancio consoli<span class=\"_ _1\"></span>dato fino alla data<span class=\"_ _1\"></span> in cui il cont<span class=\"_ _1\"></span>rollo \u00e8 cessato. La <span class=\"_ _0\"></span>differenza <span class=\"_ _0\"></span>tra i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>corrispettivo di <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>ione <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _0\"></span>contabile <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>data di <span class=\"_ _0\"></span>dismissione <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>rilevata n<span class=\"_ _0\"></span>el conto economico. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-498": {
   "value": "3. Partecipaz<span class=\"_ _1\"></span>ioni in societ\u00e0 contro<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>late <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n via <span class=\"_ _1\"></span>esclusiva con inter<span class=\"_ _1\"></span>essenze di terz<span class=\"_ _1\"></span>i significative<span class=\"_ _1\"></span> <table class=\"s w27a h352\" id=\"_075c1366-e4d6-4a13-ac65-d771da21a539\"><tr><td></td><td class=\"t m10 x357 h56 y17a5 ff3 fs20 fc1 sc0 ls0 ws0\">Int<span class=\"_ _0\"></span>eres<span class=\"_ _3\"></span>senze <span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>i </td><td class=\"t m10 x358 h56 y17a5 ff3 fs20 fc1 sc0 ls0 ws0\">Dispo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u00e0 vot<span class=\"_ _0\"></span>i </td><td class=\"t m10 x359 h56 y17a6 ff3 fs20 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>nd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> </td><td></td></tr><tr><td class=\"t m10 x35a h56 y17a7 ff3 fs20 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>enomin<span class=\"_ _0\"></span>azio<span class=\"_ _0\"></span>ne impres<span class=\"_ _1\"></span>a<span class=\"_ _4a1\"> </span></td><td class=\"t m10 x357 h56 y17a8 ff3 fs20 fc1 sc0 ls0 ws0\">t<span class=\"_ _0\"></span>erzi (%)<span class=\"_ _4a1\"> </span></td><td class=\"t m10 x358 h56 y17a8 ff3 fs20 fc1 sc0 ls0 ws0\">dei ter<span class=\"_ _0\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>(%)<span class=\"_ _4a1\"> </span></td><td class=\"t m10 x359 h56 y17a7 ff3 fs20 fc1 sc0 ls0 ws0\">di<span class=\"_ _0\"></span>stribu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>erz<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> </td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m10 x359 h56 y17a9 ff3 fs20 fc1 sc0 ls0 ws0\">(migl<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>ia di Eu<span class=\"_ _0\"></span>ro)<span class=\"_ _4a1\"> </span></td><td></td></tr><tr><td class=\"c n x1a9 y17ab w27b h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">C<span class=\"_ _0\"></span>ast<span class=\"_ _1\"></span>ello<span class=\"_ _3\"></span> SG<span class=\"_ _3\"></span>R S.<span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>.A<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x35b y17ab w27c h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>0%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x35c y17ab w27d h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">20%<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x35d y17ab w27e h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w27f h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">V<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ta S.r.<span class=\"_ _0\"></span>l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x35e y16d8 w280 h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">39,<span class=\"_ _0\"></span>16%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x35f y16d8 w280 h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">39,1<span class=\"_ _0\"></span>6%<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x360 y16d8 w27e h353\"><div class=\"t m10 x17f h57 y17aa ff2 fs20 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr></table>Rispetto al 3<span class=\"_ _1\"></span>1 dicemb<span class=\"_ _1\"></span>re 2023, in re<span class=\"_ _3\"></span>lazione alle i<span class=\"_ _1\"></span>nteressenze di te<span class=\"_ _3\"></span>rzi <span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>gni<span class=\"_ _0\"></span>ficati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e, <span class=\"_ _1\"></span>si seg<span class=\"_ _1\"></span>nala che in data<span class=\"_ _1\"></span> 24 <span class=\"_ _1\"></span>gennaio <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>aste<span class=\"_ _3\"></span>llo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>SGR <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>stituito <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>Vita <span class=\"_ _3\"></span>Srl, <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _1\"></span>l\u2019obiettiv<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>creare <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>piattaforma per la <span class=\"_ _3\"></span>gestione pr<span class=\"_ _1\"></span>of<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>ionale di i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bili res<span class=\"_ _3\"></span>id<span class=\"_ _0\"></span>enz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i destinati alla <span class=\"_ _3\"></span>loc<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>(c<span class=\"_ _0\"></span>.d. <span class=\"_ _3\"></span>settore Mult<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>family <span class=\"_ _3\"></span>o Build-to-Rent). <span class=\"_ _b\"></span>In<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>data <span class=\"_ _5\"></span>25 <span class=\"_ _5\"></span>luglio <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>024 <span class=\"_ _b\"></span>ha <span class=\"_ _5\"></span>avu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>luogo <span class=\"_ _5\"></span>l\u2019<span class=\"_ _0\"></span>au<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Vita <span class=\"_ _5\"></span>Srl, <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>seguito <span class=\"_ _b\"></span>del quale <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>entrati <span class=\"_ _b\"></span>all\u2019interno <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la <span class=\"_ _b\"></span>compagine <span class=\"_ _0\"></span>sociale <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>controllata <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>diretta <span class=\"_ _0\"></span>Compass <span class=\"_ _b\"></span>Rock <span class=\"_ _b\"></span>Real Estate Ltd (2,95% quota <span class=\"_ _3\"></span>li<span class=\"_ _0\"></span>be<span class=\"_ _1\"></span>rata in contanti) e Hall<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>is S.p.A. (<span class=\"_ _1\"></span>41% quota liberata il <span class=\"_ _3\"></span>6<span class=\"_ _0\"></span> agosto att<span class=\"_ _3\"></span>rav<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> il <span class=\"_ _e\"> </span>conferimento <span class=\"_ _e\"> </span>del <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>am<span class=\"_ _1\"></span>o <span class=\"_ _e\"> </span>d\u2019<span class=\"_ _0\"></span>azie<span class=\"_ _3\"></span>nd<span class=\"_ _0\"></span>a <span class=\"_ _d\"> </span>o<span class=\"_ _0\"></span>perati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>, <span class=\"_ _d\"> </span>attiv<span class=\"_ _0\"></span>o <span class=\"_ _e\"> </span>nella <span class=\"_ _e\"> </span>gest<span class=\"_ _1\"></span>ione <span class=\"_ _e\"> </span>professionale <span class=\"_ _d\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>i<span class=\"_ _1\"></span>mmobili residenziali destinati al<span class=\"_ _1\"></span>la locazione). In data 6 a<span class=\"_ _1\"></span>gosto 2024 Halldis S.p.A. <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a c<span class=\"_ _1\"></span>ontestualmente ceduto a<span class=\"_ _3\"></span> Castello SGR un<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>quota pari al 20% del <span class=\"_ _0\"></span>capitale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>socia<span class=\"_ _1\"></span>le <span class=\"_ _0\"></span>di Vita<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Srl<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>un corrispettivo in contanti <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ri a <span class=\"_ _15\"> </span>Eu<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>2,6 <span class=\"_ _1f\"> </span>mi<span class=\"_ _0\"></span>lion<span class=\"_ _1\"></span>i. <span class=\"_ _d\"> </span>A <span class=\"_ _15\"> </span>seguito <span class=\"_ _1f\"> </span>di <span class=\"_ _d\"> </span>tale <span class=\"_ _1f\"> </span>o<span class=\"_ _0\"></span>perazio<span class=\"_ _1\"></span>ne, <span class=\"_ _15\"> </span>al <span class=\"_ _15\"> </span>3<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>embre <span class=\"_ _1f\"> </span>2024, <span class=\"_ _15\"> </span>Castello <span class=\"_ _15\"> </span>SGR <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>etie<span class=\"_ _1\"></span>ne direttamente <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>76,05% <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _3\"></span>di V<span class=\"_ _1\"></span>ita <span class=\"_ _3\"></span>Srl, e <span class=\"_ _3\"></span>di <span class=\"_ _8\"></span>con<span class=\"_ _0\"></span>se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uenza <span class=\"_ _3\"></span>Anima <span class=\"_ _3\"></span>Holding <span class=\"_ _3\"></span>detiene <span class=\"_ _3\"></span>indirettamente il <span class=\"_ _5\"></span>60,84% <span class=\"_ _b\"></span>(<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i <span class=\"_ _5\"></span>rinvia <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>quanto <span class=\"_ _5\"></span>descritto<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>nel <span class=\"_ _b\"></span>successivo <span class=\"_ _5\"></span>para<span class=\"_ _1\"></span>grafo <span class=\"_ _b\"></span>\u201cParte <span class=\"_ _5\"></span>A <span class=\"_ _5\"></span>\u2013 <span class=\"_ _5\"></span>Politiche <span class=\"_ _b\"></span>contabili <span class=\"_ _b\"></span>- <span class=\"_ _5\"></span>Altre<span class=\"_ _4a1\"> </span>informazioni <span class=\"_ _0\"></span>- \u201cO<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>razione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>confer<span class=\"_ _1\"></span>imento <span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>mo <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>zienda <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>Vita Srl\u201d <span class=\"_ _0\"></span>della pr<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>nte <span class=\"_ _0\"></span>Nota <span class=\"_ _0\"></span>integ<span class=\"_ _1\"></span>rativa consolidata al 31 d<span class=\"_ _1\"></span>icembre 2024).<span class=\"_ _3\"></span> <table class=\"s w281 h354\" id=\"_5f45946d-2a9e-4937-8d03-c8b84f32dd84\"><tr><td class=\"c n x1a9 y17ad w282 h355\"><div class=\"t m11 x17f h59 y17ac ff3 fs21 fc1 sc0 ls0 ws0\">Deno<span class=\"_ _1\"></span>mina<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>ne impresa<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x361 y17ad w283 h355\"><div class=\"t m11 x17f h59 y17ac ff3 fs21 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _1\"></span>le Attivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x362 y17ad w284 h355\"><div class=\"t m11 x17f h59 y17ac ff3 fs21 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _1\"></span>le Passiv<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x363 y17ad w285 h355\"><div class=\"t m11 x17f h59 y17ac ff3 fs21 fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>nio<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Nett<span class=\"_ _0\"></span>o</div></td><td class=\"t m11 x364 h59 y17ae ff3 fs21 fc1 sc0 ls0 ws0\">Ut<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>le/<span class=\"_ _0\"></span>Per<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span> </td><td class=\"t m11 x365 h59 y17ae ff3 fs21 fc1 sc0 ls0 ws0\">Marg<span class=\"_ _3\"></span>ine </td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m11 x364 h59 y17af ff3 fs21 fc1 sc0 ls0 ws0\">d'ese<span class=\"_ _0\"></span>rcizi<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m11 x365 h59 y17af ff3 fs21 fc1 sc0 ls0 ws0\">commiss<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span>na<span class=\"_ _3\"></span>le<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y17b1 w286 h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">Caste<span class=\"_ _1\"></span>llo S<span class=\"_ _0\"></span>GR S<span class=\"_ _0\"></span>.p<span class=\"_ _1\"></span>.A.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x366 y17b1 w287 h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">36<span class=\"_ _0\"></span>.31<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x367 y17b1 w288 h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">36<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>31<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x368 y17b1 w289 h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.507<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x369 y17b1 w28a h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.985<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36a y17b1 w28b h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>1.71<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17b2 w28c h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">Vita S.r.l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36b y17b2 w28d h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">11.62<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36c y17b2 w28e h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">11<span class=\"_ _0\"></span>.62<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36d y17b2 w28a h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">3.18<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x36e y17b2 w28f h356\"><div class=\"t m11 x17f h5a y17b0 ff2 fs21 fc1 sc0 ls0 ws0\">(45<span class=\"_ _0\"></span>6)</div></td><td class=\"c x36f y17b3 w1f h5b\"><div class=\"t m11 x3b h5a y46b ff2 fs21 fc1 sc0 ls0 ws0\">     <span class=\"_ _0\"></span>       <span class=\"_ _0\"></span>     <span class=\"_ _0\"></span>     <span class=\"_ _0\"></span>      <span class=\"_ _0\"></span>   -   </div></td></tr></table>Si <span class=\"_ _1\"></span>segnala <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>al 31<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>Vi<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>Srl <span class=\"_ _1\"></span>detiene <span class=\"_ _3\"></span>una p<span class=\"_ _3\"></span>artecipazion<span class=\"_ _3\"></span>e dell\u201980% <span class=\"_ _3\"></span>in GE<span class=\"_ _3\"></span>M Hospi<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ali<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y S<span class=\"_ _1\"></span>.r.l. <span class=\"_ _3\"></span>(societ\u00e0 costituita <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>inizio <span class=\"_ _b\"></span>202<span class=\"_ _1\"></span>4). <span class=\"_ _0\"></span>La <span class=\"_ _b\"></span>parte<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>consolidata <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>embre <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>quanto, <span class=\"_ _b\"></span>sul<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>base dell\u2019analisi d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>patti <span class=\"_ _0\"></span>para<span class=\"_ _1\"></span>sociali <span class=\"_ _0\"></span>e dei<span class=\"_ _0\"></span> contratti i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>essere, Anima <span class=\"_ _0\"></span>Holdin<span class=\"_ _1\"></span>g <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>detiene il <span class=\"_ _0\"></span>controllo, m<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>ercita comun<span class=\"_ _1\"></span>que un\u2019influen<span class=\"_ _1\"></span>za signif<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ca<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>iva. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-499": {
   "value": "4. Restrizioni sign<span class=\"_ _1\"></span>ificative<span class=\"_ _3\"></span> Il G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>uppo <span class=\"_ _3\"></span>ritiene <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>non a<span class=\"_ _3\"></span>ver<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>vincoli <span class=\"_ _3\"></span>di nat<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ra <span class=\"_ _1\"></span>stat<span class=\"_ _3\"></span>uaria, paraso<span class=\"_ _1\"></span>ciale <span class=\"_ _3\"></span>o re<span class=\"_ _1\"></span>golamentare <span class=\"_ _3\"></span>che impedis<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> o limitino la sua <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apacit\u00e0 di a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>cedere al<span class=\"_ _1\"></span>le attivit\u00e0 o di re<span class=\"_ _1\"></span>gol<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>re l<span class=\"_ _0\"></span>e pa<span class=\"_ _1\"></span>ssivit\u00e0.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-473": {
   "value": "4. Restrizioni sign<span class=\"_ _1\"></span>ificative<span class=\"_ _3\"></span> Il G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>uppo <span class=\"_ _3\"></span>ritiene <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>non a<span class=\"_ _3\"></span>ver<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>vincoli <span class=\"_ _3\"></span>di nat<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ra <span class=\"_ _1\"></span>stat<span class=\"_ _3\"></span>uaria, paraso<span class=\"_ _1\"></span>ciale <span class=\"_ _3\"></span>o re<span class=\"_ _1\"></span>golamentare <span class=\"_ _3\"></span>che impedis<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> o limitino la sua <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apacit\u00e0 di a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>cedere al<span class=\"_ _1\"></span>le attivit\u00e0 o di re<span class=\"_ _1\"></span>gol<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>re l<span class=\"_ _0\"></span>e pa<span class=\"_ _1\"></span>ssivit\u00e0.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRestrictedCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-451": {
   "value": "<div class=\"t m1 h14 ff3 fsc fc1 sc0 ls0 ws0 gs105\">A.2 \u2013 PARTE <span class=\"_ _0\"></span>RELATIVA<span class=\"_ _0\"></span> ALLE <span class=\"_ _0\"></span>PRINCIPALI <span class=\"_ _0\"></span>VOCI DI BILANC<span class=\"_ _0\"></span>IO <span class=\"ff2 fs2\"> </span></div><div class=\"t m1 h14 ff6 fsc fc1 sc0 ls0 ws0 gs106\">Cassa e dispo<span class=\"_ _0\"></span>nibilit\u00e0 liquide <span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs107\">In <span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>uesta <span class=\"_ _0\"></span>voce <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>classificate <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ia<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>enze <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>valute <span class=\"_ _0\"></span>aventi <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ors<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>egale<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>comprese <span class=\"_ _0\"></span>le <span class=\"_ _b\"></span>banc<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>note <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>le </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs108\">mon<span class=\"_ _0\"></span>ete <span class=\"_ _3\"></span>divisional<span class=\"_ _1\"></span>i estere<span class=\"_ _3\"></span> (\u201ccassa <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>tante<span class=\"_ _3\"></span>\u201d),<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>nonch\u00e9 <span class=\"_ _3\"></span>le disponibil<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>conti <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>orrenti <span class=\"_ _3\"></span>e dep<span class=\"_ _1\"></span>ositi a<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>sta </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs109\">depositati presso Istit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ti di c<span class=\"_ _1\"></span>redito. Tali disponibi<span class=\"_ _1\"></span>lit\u00e0<span class=\"_ _1\"></span> sono iscritte al lor<span class=\"_ _1\"></span>o v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re no<span class=\"_ _1\"></span>minale. </div><div class=\"t m1 h14 ff6 fsc fc1 sc0 ls0 ws0 gs10a\">Attivit<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _1\"></span>anziari<span class=\"_ _0\"></span>e valutate al<span class=\"_ _0\"></span> f<span class=\"_ _1\"></span>ai<span class=\"_ _0\"></span>r value co<span class=\"_ _0\"></span>n impatto a conto<span class=\"_ _0\"></span> economico (F<span class=\"_ _0\"></span>VTPL) </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs10b\">Criteri di classifica<span class=\"_ _1\"></span>zione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs10c\">In <span class=\"_ _6\"></span>questa <span class=\"_ _6\"></span>categoria <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>lassifi<span class=\"_ _1\"></span>cate <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziarie <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ite <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>l\u2019obiettivo <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ealizza<span class=\"_ _1\"></span>re <span class=\"_ _6\"></span>flussi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs10d\">fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari <span class=\"_ _3\"></span>princi<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>lmente <span class=\"_ _3\"></span>mediante<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dita <span class=\"_ _8\"></span>dell<span class=\"_ _0\"></span>e <span class=\"_ _8\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>finanziari <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontratt<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali <span class=\"_ _8\"></span>non sia<span class=\"_ _1\"></span>no </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs10e\">esclusivamente <span class=\"_ _3\"></span>rappresentati <span class=\"_ _3\"></span>da pa<span class=\"_ _1\"></span>gamenti d<span class=\"_ _3\"></span>i capit<span class=\"_ _1\"></span>ale e <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>ressi matu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>sull\u2019importo <span class=\"_ _3\"></span>del capita<span class=\"_ _1\"></span>le da<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs10f\">restituire (titoli di<span class=\"_ _1\"></span> capitale, titoli di <span class=\"_ _1\"></span>debito e qu<span class=\"_ _1\"></span>ote di OICR). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs110\">In particolare, la <span class=\"_ _1\"></span>categoria in esame ri<span class=\"_ _1\"></span>comprende le <span class=\"_ _3\"></span>segu<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>nti sottocategorie<span class=\"_ _3\"></span>: </div><div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs111\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _3\"></span>di ne<span class=\"_ _3\"></span>goziazione: <span class=\"_ _1\"></span>ricomprendon<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>attivit\u00e0 f<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie <span class=\"_ _3\"></span>acquisite <span class=\"_ _3\"></span>principalmente <span class=\"_ _3\"></span>al </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs112\">fin<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>essere <span class=\"_ _b\"></span>vendute <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>breve <span class=\"_ _5\"></span>termine <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vati <span class=\"_ _b\"></span>non <span class=\"_ _5\"></span>designati <span class=\"_ _b\"></span>q<span class=\"_ _0\"></span>uali <span class=\"_ _b\"></span>strumenti <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>copertura <span class=\"_ _b\"></span>ed </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs113\">efficaci (titoli di <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ebit<span class=\"_ _1\"></span>o, titoli di capita<span class=\"_ _1\"></span>le, finanziame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti, quote di OICR e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>erivati)<span class=\"_ _3\"></span>; </div><div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs114\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _f\"></span>f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _6\"></span>designate <span class=\"_ _5\"></span>al <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span>r <span class=\"_ _6\"></span>valu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>:<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>mo<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>nto <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>lla <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs115\">iniziale <span class=\"_ _18\"> </span>sono <span class=\"_ _18\"> </span>designate <span class=\"_ _17\"> </span>al <span class=\"_ _18\"> </span>f<span class=\"_ _0\"></span>air <span class=\"_ _18\"> </span>value <span class=\"_ _17\"> </span>su<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>b<span class=\"_ _0\"></span>asi <span class=\"_ _1b\"> </span>v<span class=\"_ _0\"></span>olonta<span class=\"_ _1\"></span>rie <span class=\"_ _18\"> </span>al <span class=\"_ _18\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _17\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _17\"> </span>eli<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>inare <span class=\"_ _17\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>durre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs116\">significativamente  un'incoerenza  nella <span class=\"_ _c\"> </span>val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tazio<span class=\"_ _3\"></span>ne <span class=\"_ _c\"> </span>o <span class=\"_ _c\"> </span>ne<span class=\"_ _1\"></span>lla  ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>azione  (talvolta  definita  come </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs117\">\u00abasimmetria c<span class=\"_ _1\"></span>ontabile\u00bb) che a<span class=\"_ _1\"></span>ltrimenti risu<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>tereb<span class=\"_ _1\"></span>be dalla <span class=\"_ _1\"></span>valutazione delle<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 su basi<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>verse </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs118\">(titoli di debito e <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziament<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>); </div><div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs119\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ltre attivit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziarie<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>bbligatoriamente <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alutate<span class=\"_ _3\"></span> al fair value:<span class=\"_ _1\"></span> attivit\u00e0 f<span class=\"_ _1\"></span>inanziarie n<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n dete<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs11a\">con finalit\u00e0 di neg<span class=\"_ _1\"></span>oziazione (titoli di <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ebit<span class=\"_ _1\"></span>o, titoli di capita<span class=\"_ _1\"></span>le, finanziamenti, q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ote di OI<span class=\"_ _1\"></span>CR). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs11b\">Sono  i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>fine <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>se <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>questa <span class=\"_ _f\"> </span>voce <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esse<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ze <span class=\"_ _f\"> </span>az<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>arie <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>qualificabili <span class=\"_ _f\"></span>come <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>controllo, <span class=\"_ _f\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs11c\">collegamento o di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontroll<span class=\"_ _1\"></span>o congiunto. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs11d\">Quando,  e  solo  qua<span class=\"_ _1\"></span>ndo,  si  modifichi  il  modell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  di<span class=\"_ _3\"></span>  b<span class=\"_ _0\"></span>usiness  a<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ottato  pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  la <span class=\"_ _f\"> </span>g<span class=\"_ _0\"></span>estione <span class=\"_ _f\"> </span>dell<span class=\"_ _0\"></span>e  atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs11e\">fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>\u00e8  p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ssi<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ile  e<span class=\"_ _3\"></span>ff<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>uar<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>riclassifiche <span class=\"_ _f\"> </span>in  a<span class=\"_ _3\"></span>ltr<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>ate<span class=\"_ _3\"></span>gorie  pre<span class=\"_ _1\"></span>viste <span class=\"_ _f\"> </span>dall<span class=\"_ _0\"></span>\u2019IF<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>S <span class=\"_ _f\"> </span>9.  La <span class=\"_ _f\"> </span>riclassif<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs11f\">avviene prospett<span class=\"_ _1\"></span>icamente a partire dalla data d<span class=\"_ _3\"></span>i riclassificazio<span class=\"_ _1\"></span>ne. </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs120\">Criteri di iscri<span class=\"_ _1\"></span>zione, valutazione <span class=\"_ _1\"></span>e cancellazione<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs121\">Iscri<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>ione iniziale </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs122\">Al <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>oment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ilevazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>iniziale <span class=\"_ _b\"></span>l'attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _b\"></span>valutata <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>suo <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span>r <span class=\"_ _b\"></span>valu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ormal<span class=\"_ _1\"></span>mente <span class=\"_ _b\"></span>coincidente </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs123\">con <span class=\"_ _0\"></span>il costo, integrati <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>costi<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>o dei <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>oventi dell'operazione direttamente <span class=\"_ _0\"></span>attr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>buibi<span class=\"_ _1\"></span>li <span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>l'acquisizione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs124\">o all'emissione del<span class=\"_ _1\"></span>l'attivit\u00e0. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs125\">Valutazione successiva e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione delle <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompone<span class=\"_ _1\"></span>nti r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs126\">Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> alla rilevazione <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>iziale<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>le atti<span class=\"_ _1\"></span>vit\u00e0 finanziarie<span class=\"_ _1\"></span> in oggetto<span class=\"_ _3\"></span> sono valorizzat<span class=\"_ _1\"></span>e al fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs127\">e gli effetti dell\u2019app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazi<span class=\"_ _1\"></span>one di tale criterio d<span class=\"_ _1\"></span>i valuta<span class=\"_ _1\"></span>zione sono rilevati ne<span class=\"_ _1\"></span>l conto e<span class=\"_ _1\"></span>conomico. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs128\">Per  la <span class=\"_ _f\"> </span>determ<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nazione  del <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>degli  strumenti <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziari <span class=\"_ _f\"> </span>quotati  in  u<span class=\"_ _1\"></span>n  mercato  a<span class=\"_ _3\"></span>ttivo,<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>sono </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs129\">utilizzate <span class=\"_ _16\"> </span>q<span class=\"_ _1\"></span>uotazioni <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>(prezzi <span class=\"_ _c\"> </span>domanda-offerta <span class=\"_ _c\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>prezzi <span class=\"_ _c\"> </span>medi) <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>l\u2019ultimo <span class=\"_ _c\"> </span>valore <span class=\"_ _c\"> </span>quota </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs12a\">calcolato e reso disp<span class=\"_ _1\"></span>onibile al pubbli<span class=\"_ _1\"></span>co per le parti d<span class=\"_ _1\"></span>i OICR. </div>Canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione Tali <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _0\"></span>vengono c<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ellate quando <span class=\"_ _0\"></span>sca<span class=\"_ _1\"></span>dono <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>diritti contrattuali <span class=\"_ _0\"></span>sui flussi <span class=\"_ _0\"></span>finanzia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vati <span class=\"_ _0\"></span>dalle attivit\u00e0 <span class=\"_ _1\"></span>stesse, o <span class=\"_ _1\"></span>quan<span class=\"_ _1\"></span>do ven<span class=\"_ _1\"></span>gono cedute t<span class=\"_ _3\"></span>rasferendo tutti <span class=\"_ _3\"></span>o sostanz<span class=\"_ _1\"></span>ialmente t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tti <span class=\"_ _3\"></span>i rischi e <span class=\"_ _3\"></span>benefici ad<span class=\"_ _1\"></span> esse connesse. Attivit<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _1\"></span>anziari<span class=\"_ _0\"></span>e valutate al<span class=\"_ _0\"></span> f<span class=\"_ _1\"></span>ai<span class=\"_ _0\"></span>r value co<span class=\"_ _0\"></span>n impatto sull<span class=\"_ _0\"></span>a red<span class=\"_ _1\"></span>ditivit\u00e0 <span class=\"_ _0\"></span>complessiv<span class=\"_ _0\"></span>a  Criteri di classifica<span class=\"_ _1\"></span>zione In <span class=\"_ _f\"> </span>questa <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ategoria <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>evati <span class=\"_ _6\"></span>i <span class=\"_ _f\"> </span>tit<span class=\"_ _1\"></span>oli <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale<span class=\"_ _1\"></span>, <span class=\"_ _f\"> </span>non <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>ti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>alit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>egoziaz<span class=\"_ _1\"></span>ione <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>non qualificabili <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>controllo <span class=\"_ _3\"></span>esclusivo, <span class=\"_ _3\"></span>co<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>legamento <span class=\"_ _3\"></span>e controllo <span class=\"_ _3\"></span>congiunto, <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>i quali <span class=\"_ _1\"></span>si <span class=\"_ _3\"></span>applica l<span class=\"_ _1\"></span>\u2019opzione <span class=\"_ _3\"></span>di classificarli <span class=\"_ _5\"></span>tra <span class=\"_ _b\"></span>le <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>fi<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie <span class=\"_ _b\"></span>valu<span class=\"_ _0\"></span>tat<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fair <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _b\"></span>con <span class=\"_ _5\"></span>impatto <span class=\"_ _5\"></span>sulla <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>edditivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>complessiva. Tale <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span>pzio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>esercitabile<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>momento <span class=\"_ _b\"></span>dell\u2019iscrizi<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>iniziale <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>singolo <span class=\"_ _5\"></span>strumento<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>fina<span class=\"_ _1\"></span>nziario <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>\u00e8<span class=\"_ _1\"></span> irr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>cabile.  Criteri di iscri<span class=\"_ _1\"></span>zione, valutazione <span class=\"_ _1\"></span>e cancellazione<span class=\"_ _1\"></span> Iscri<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>ione iniziale L\u2019iscrizione <span class=\"_ _0\"></span>iniziale <span class=\"_ _0\"></span>dell\u2019attivit\u00e0 f<span class=\"_ _0\"></span>inanziaria <span class=\"_ _0\"></span>avvie<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>alla <span class=\"_ _b\"></span>data <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eg<span class=\"_ _1\"></span>olamento. <span class=\"_ _b\"></span>Al<span class=\"_ _1\"></span>l\u2019atto <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>rilevazione iniziale  le  atti<span class=\"_ _1\"></span>vit\u00e0  sono  contabilizzate<span class=\"_ _1\"></span>  al  fair <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>alu<span class=\"_ _1\"></span>e,  che  normalmente <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rrisponde  al  c<span class=\"_ _1\"></span>orrispettivo pagato, <span class=\"_ _f\"> </span>comprensivo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>osti<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>e/o <span class=\"_ _f\"> </span>proventi <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>transazio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>direttamente <span class=\"_ _f\"> </span>attrib<span class=\"_ _1\"></span>uib<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>allo <span class=\"_ _f\"> </span>strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> stesso.  Valutazione successiva e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione delle <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompone<span class=\"_ _1\"></span>nti r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>alla <span class=\"_ _6\"></span>rilevazione <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span>iziale<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>fin<span class=\"_ _0\"></span>anzia<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>classificate <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _5\"></span>con <span class=\"_ _6\"></span>im<span class=\"_ _0\"></span>patto<span class=\"_ _3\"></span> sulla <span class=\"_ _0\"></span>redditivit\u00e0 complessiva sono<span class=\"_ _0\"></span> valorizzate al <span class=\"_ _0\"></span>fair valu<span class=\"_ _0\"></span>e e g<span class=\"_ _0\"></span>li effetti <span class=\"_ _0\"></span>dell\u2019app<span class=\"_ _1\"></span>licazione <span class=\"_ _0\"></span>di tale <span class=\"_ _0\"></span>criterio di <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tazione <span class=\"_ _3\"></span>sono <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontabil<span class=\"_ _1\"></span>izzati <span class=\"_ _3\"></span>in <span class=\"_ _1\"></span>contropart<span class=\"_ _1\"></span>ita <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>specifica <span class=\"_ _3\"></span>riserva <span class=\"_ _3\"></span>di p<span class=\"_ _1\"></span>atrimoni<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>(voce <span class=\"_ _3\"></span>160. Riserve <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>val<span class=\"_ _1\"></span>utazione). <span class=\"_ _6\"></span>Gli <span class=\"_ _6\"></span>im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>rilevati <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>sta <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ise<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>va <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>on <span class=\"_ _6\"></span>saranno <span class=\"_ _6\"></span>mai <span class=\"_ _6\"></span>oggetto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rigiro <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>el conto economico, nem<span class=\"_ _1\"></span>meno in caso <span class=\"_ _1\"></span>di cessione dell<span class=\"_ _1\"></span>\u2019attivit\u00e0. Per  la <span class=\"_ _f\"> </span>determ<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nazione  del <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>degli  strumenti <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziari <span class=\"_ _f\"> </span>quotati  in  u<span class=\"_ _1\"></span>n  mercato  a<span class=\"_ _3\"></span>ttivo,<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>sono utilizzate quotazioni <span class=\"_ _1\"></span>di mercato (p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ezzi doman<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a-o<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ta o prezzi <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>edi<span class=\"_ _1\"></span>). L\u2019unica <span class=\"_ _1d\"> </span>componente <span class=\"_ _1d\"> </span>rilevata <span class=\"_ _1d\"> </span>nel <span class=\"_ _1c\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _1d\"> </span>economico <span class=\"_ _1d\"> </span>\u00e8 <span class=\"_ _1c\"> </span>rappresentata <span class=\"_ _18\"> </span>d<span class=\"_ _0\"></span>ai <span class=\"_ _1d\"> </span>dividen<span class=\"_ _1\"></span>di <span class=\"_ _1c\"> </span>incassati<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> contabilizzata<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>nella voce \u201c40. <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ivide<span class=\"_ _1\"></span>ndi e proventi <span class=\"_ _3\"></span>assimi<span class=\"_ _0\"></span>lati\u201d<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>  Canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione  Le <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _f\"> </span>vengono <span class=\"_ _f\"> </span>cancellate <span class=\"_ _f\"> </span>quan<span class=\"_ _1\"></span>do <span class=\"_ _f\"> </span>sono<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ed<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>te <span class=\"_ _f\"> </span>trasferen<span class=\"_ _1\"></span>do  s<span class=\"_ _3\"></span>ostanzialmente <span class=\"_ _f\"> </span>tutti <span class=\"_ _f\"> </span>i rischi/benefi<span class=\"_ _1\"></span>ci ad <span class=\"_ _0\"></span>esse<span class=\"_ _3\"></span> connessi. Attivit<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _1\"></span>anziari<span class=\"_ _0\"></span>e valutate al<span class=\"_ _0\"></span> costo amm<span class=\"_ _0\"></span>ortizzato Criteri di classifica<span class=\"_ _1\"></span>zione In  questa<span class=\"_ _1\"></span>  categ<span class=\"_ _1\"></span>oria  so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>classificate <span class=\"_ _f\"> </span>le  attivit\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _f\"> </span>possedute  ne<span class=\"_ _1\"></span>l  q<span class=\"_ _1\"></span>uadro  di <span class=\"_ _f\"> </span>un  m<span class=\"_ _1\"></span>odello <span class=\"_ _f\"> </span>di business <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>cui<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>obi<span class=\"_ _0\"></span>etti<span class=\"_ _3\"></span>vo<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _15\"> </span>finalizzato <span class=\"_ _15\"> </span>alla <span class=\"_ _15\"> </span>r<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>co<span class=\"_ _3\"></span>lta <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>flussi <span class=\"_ _15\"> </span>finanziari <span class=\"_ _15\"> </span>contrattuali <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>ter<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>ini contrattuali <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l'attivit\u00e0 <span class=\"_ _c\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziaria <span class=\"_ _16\"> </span>pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>ono <span class=\"_ _16\"> </span>a <span class=\"_ _c\"> </span>determinate <span class=\"_ _16\"> </span>date <span class=\"_ _c\"> </span>flussi <span class=\"_ _c\"> </span>finanziari <span class=\"_ _16\"> </span>rapprese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tati unicamente da pagame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti del capita<span class=\"_ _1\"></span>le e dell'inte<span class=\"_ _1\"></span>resse sull'imp<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> capitale da <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ire.<span class=\"_ _3\"></span> In <span class=\"_ _f\"> </span>tale <span class=\"_ _f\"> </span>categoria <span class=\"_ _f\"> </span>sono<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>ric<span class=\"_ _1\"></span>ompresi <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>crediti <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"></span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ommissioni <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>patrim<span class=\"_ _1\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>gli eventuali <span class=\"_ _f\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>i  anticipati<span class=\"_ _3\"></span>  a <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>dei<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>patrimoni<span class=\"_ _1\"></span>  g<span class=\"_ _1\"></span>estiti, <span class=\"_ _f\"> </span>ol<span class=\"_ _0\"></span>tre<span class=\"_ _1\"></span>  alla <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>iqui<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _f\"> </span>depositata <span class=\"_ _f\"> </span>presso <span class=\"_ _f\"> </span>conti correnti bancari <span class=\"_ _1\"></span>non a vista.<span class=\"_ _1\"></span> Criteri di iscri<span class=\"_ _1\"></span>zione, valutazione <span class=\"_ _1\"></span>e cancellazione<span class=\"_ _1\"></span> Iscri<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>ione iniziale Alla d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>pri<span class=\"_ _1\"></span>ma <span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>cri<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>ione <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>attiv<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t\u00e0 finanziarie valutate <span class=\"_ _0\"></span>al costo <span class=\"_ _0\"></span>ammo<span class=\"_ _1\"></span>rtizzato <span class=\"_ _0\"></span>so<span class=\"_ _1\"></span>no <span class=\"_ _0\"></span>rilevate al <span class=\"_ _0\"></span>lor<span class=\"_ _1\"></span>o fair <span class=\"_ _c\"> </span>value, <span class=\"_ _c\"> </span>cor<span class=\"_ _1\"></span>rispondente <span class=\"_ _c\"> </span>di  n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rma <span class=\"_ _c\"> </span>all\u2019ammonta<span class=\"_ _1\"></span>re <span class=\"_ _c\"> </span>erogato <span class=\"_ _c\"> </span>o <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>c<span class=\"_ _1\"></span>orrispettivo <span class=\"_ _c\"> </span>pa<span class=\"_ _1\"></span>gato, <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>cui <span class=\"_ _c\"> </span>sono<span class=\"_ _1\"></span> aggiunti <span class=\"_ _1\"></span>gli eventuali <span class=\"_ _3\"></span>costi/proventi di <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>saz<span class=\"_ _1\"></span>ione di di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>etta <span class=\"_ _3\"></span>imputazione, se <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ateriali <span class=\"_ _1\"></span>e dete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nabili. I crediti sono isc<span class=\"_ _1\"></span>ritti alla data di e<span class=\"_ _1\"></span>rogazione. Valutazione successiva e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione delle <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompone<span class=\"_ _1\"></span>nti r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali Dopo <span class=\"_ _16\"> </span>la <span class=\"_ _c\"> </span>rilevazione <span class=\"_ _c\"> </span>iniziale, <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _c\"> </span>finanziarie <span class=\"_ _c\"> </span>in <span class=\"_ _16\"> </span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>sono <span class=\"_ _c\"> </span>valutate <span class=\"_ _16\"> </span>s<span class=\"_ _1\"></span>ulla <span class=\"_ _c\"> </span>b<span class=\"_ _0\"></span>ase <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o ammortizzato, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _5\"></span>di <span class=\"_ _f\"> </span>pr<span class=\"_ _1\"></span>ima <span class=\"_ _6\"></span>iscrizione <span class=\"_ _6\"></span>diminuito/aumentat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>dei <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>imborsi<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>capitale, <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> rettifiche/riprese <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>valore <span class=\"_ _15\"> </span>e <span class=\"_ _1f\"> </span>della <span class=\"_ _1f\"> </span>di<span class=\"_ _0\"></span>ffe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>enza <span class=\"_ _1f\"> </span>tra <span class=\"_ _16\"> </span>l<span class=\"_ _0\"></span>\u2019ammontare <span class=\"_ _1f\"> </span>erogato <span class=\"_ _15\"> </span>e <span class=\"_ _1f\"> </span>quello <span class=\"_ _15\"> </span>rimborsabile <span class=\"_ _1f\"> </span>a scadenza, <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olat<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>tasso <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>interesse <span class=\"_ _b\"></span>effettivo. <span class=\"_ _b\"></span>Il <span class=\"_ _b\"></span>meto<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>osto <span class=\"_ _b\"></span>ammortizzat<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span>non <span class=\"_ _f\"> </span>vi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>utilizz<span class=\"_ _1\"></span>ato <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>cred<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i  la <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ui <span class=\"_ _f\"> </span>breve <span class=\"_ _f\"> </span>dura<span class=\"_ _1\"></span>ta <span class=\"_ _f\"> </span>(inferiore <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>12<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>mesi) <span class=\"_ _f\"> </span>fa <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>itene<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>trascurabi<span class=\"_ _0\"></span>le<span class=\"_ _3\"></span> l\u2019effetto <span class=\"_ _6\"></span>dell\u2019applicazione <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>logica <span class=\"_ _5\"></span>di <span class=\"_ _f\"> </span>attual<span class=\"_ _1\"></span>izzazione. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>interesse <span class=\"_ _6\"></span>effettivo <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>indivi<span class=\"_ _1\"></span>duato calcolando <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>tasso <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _5\"></span>egua<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>lia <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>valore <span class=\"_ _5\"></span>attuale <span class=\"_ _5\"></span>dei <span class=\"_ _b\"></span>flussi <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>uturi <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>cr<span class=\"_ _0\"></span>edito <span class=\"_ _b\"></span>(capitale <span class=\"_ _b\"></span>ed <span class=\"_ _5\"></span>interessi) <span class=\"_ _5\"></span>al valore di prima isc<span class=\"_ _1\"></span>rizione.  In accordo con l\u2019IFRS <span class=\"_ _1\"></span>9, le eventuali pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>dite di <span class=\"_ _1\"></span>valore at<span class=\"_ _1\"></span>tese vengono determinate i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> un\u2019<span class=\"_ _1\"></span>ottica <span class=\"ff5\">\u2018forward </span>looking, \u2019<span class=\"ff2\"> lung<span class=\"_ _1\"></span>o tutta la vita dei c<span class=\"_ _1\"></span>rediti (<span class=\"ff5\">Expected cred<span class=\"_ _1\"></span>it losses<span class=\"ff2\">).  </span></span></span>I c<span class=\"_ _0\"></span>riteri di valu<span class=\"_ _0\"></span>tazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e sono <span class=\"_ _0\"></span>strettame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te connessi allo stadio <span class=\"_ _0\"></span>(\u201cstage<span class=\"ff5\">\u201d)</span> cui il<span class=\"_ _0\"></span> credito viene <span class=\"_ _0\"></span>classif<span class=\"_ _1\"></span>icato, in particolare: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">st<span class=\"_ _1\"></span>age 1 \u2013<span class=\"_ _0\"></span> accoglie <span class=\"_ _1\"></span>le attivit\u00e0 finanziarie per cui non <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>\u2019\u00e8 stato un dete<span class=\"_ _1\"></span>rioramento significativo nella </span></span>qualit\u00e0 del credito <span class=\"_ _1\"></span>dalla data di rilevazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne iniziale<span class=\"_ _3\"></span> oppure con un rischio di c<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>edit<span class=\"_ _1\"></span>o basso  (cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>b<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nis). <span class=\"_ _b\"></span>Per <span class=\"_ _b\"></span>queste <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _b\"></span>finanziarie <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne <span class=\"_ _b\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>svalutazione <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>alle <span class=\"_ _b\"></span>perdite attese nei suc<span class=\"_ _1\"></span>cessivi 12 mesi (12 <span class=\"ff5\">month e<span class=\"_ _3\"></span>x<span class=\"_ _0\"></span>pected cre<span class=\"_ _3\"></span>dit losses<span class=\"ff2\">);<span class=\"_ _4a1\"> </span></span></span><span class=\"ff5\"><span class=\"ff2\"> </span></span>-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">st<span class=\"_ _1\"></span>age <span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>accoglie i <span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iti<span class=\"_ _3\"></span> <span class=\"_ _b\"></span><span class=\"ff5\">under-performi<span class=\"_ _1\"></span>ng<span class=\"ff2\">, <span class=\"_ _0\"></span>ossia i <span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>ove <span class=\"_ _0\"></span>vi <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stato <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>aumento <span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nificativ<span class=\"_ _1\"></span>o </span></span></span></span>del <span class=\"_ _0\"></span>rischio <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>credit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>(\u201csi<span class=\"_ _1\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>icativ<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>deteriorament<span class=\"_ _3\"></span>o\u201d) <span class=\"_ _0\"></span>rispetto <span class=\"_ _0\"></span>all\u2019iscrizione in<span class=\"_ _0\"></span>iz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ale, ma <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> non <span class=\"_ _1f\"> </span>si<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>ha <span class=\"_ _15\"> </span>un\u2019obietti<span class=\"_ _1\"></span>va <span class=\"_ _15\"> </span>evidenza <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>un <span class=\"_ _15\"> </span>evento <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>perd<span class=\"_ _0\"></span>ita. <span class=\"_ _1f\"> </span>Per <span class=\"_ _15\"> </span>queste <span class=\"_ _1f\"> </span>attivit\u00e0 <span class=\"_ _1f\"> </span>finan<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>iari<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>la<span class=\"_ _1\"></span> svalutazione <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>determinata <span class=\"_ _f\"> </span>sulla<span class=\"_ _3\"></span>  base<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>perdit<span class=\"_ _3\"></span>a <span class=\"_ _f\"> </span>attesa <span class=\"_ _f\"> </span>complessi<span class=\"_ _1\"></span>va <span class=\"_ _f\"> </span>(<span class=\"ff5\">lifetime <span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>x<span class=\"_ _0\"></span>pected<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>credit </span>losses<span class=\"ff2\">); </span>-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">st<span class=\"_ _1\"></span>age <span class=\"_ _f\"> </span>3  \u2013 <span class=\"_ _f\"> </span>accoglie <span class=\"_ _f\"> </span>i <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>rediti <span class=\"_ _f\"> </span><span class=\"ff5\">non <span class=\"_ _f\"> </span>performing<span class=\"_ _3\"></span><span class=\"ff2\">,<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>ovvero<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>quel<span class=\"_ _0\"></span>le <span class=\"_ _f\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>quali <span class=\"_ _f\"> </span>ci  sia<span class=\"_ _3\"></span> </span></span></span></span>un\u2019obiettiva <span class=\"_ _b\"></span>evide<span class=\"_ _1\"></span>nza <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>perdita <span class=\"_ _b\"></span>alla <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>bilancio. <span class=\"_ _b\"></span>In <span class=\"_ _b\"></span>questo <span class=\"_ _0\"></span>caso <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>necessario <span class=\"_ _0\"></span>determinare <span class=\"_ _0\"></span>la svalutazione <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>misura <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>alla <span class=\"_ _0\"></span>perdita <span class=\"_ _b\"></span>attesa <span class=\"_ _0\"></span>complessiva <span class=\"_ _0\"></span>(<span class=\"ff5\">lifetime</span> <span class=\"_ _b\"></span><span class=\"ff5\">expected <span class=\"_ _0\"></span>credit <span class=\"_ _b\"></span>losses</span>). <span class=\"_ _b\"></span>In tali <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ircostanze <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>processo <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>valutaz<span class=\"_ _1\"></span>ione <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>analitico <span class=\"_ _f\"> </span>e <span class=\"_ _5\"></span>determinato <span class=\"_ _6\"></span>per <span class=\"_ _f\"> </span>cate<span class=\"_ _1\"></span>gorie <span class=\"_ _6\"></span>omog<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ee <span class=\"_ _6\"></span>e attribuito <span class=\"_ _1f\"> </span>analitica<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _16\"> </span>ad <span class=\"_ _16\"> </span>ogni <span class=\"_ _16\"> </span>posizione, <span class=\"_ _16\"> </span>tenendo <span class=\"_ _16\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>derazi<span class=\"_ _1\"></span>oni <span class=\"_ _16\"> </span>informazioni <span class=\"_ _16\"> </span><span class=\"ff5\">forward </span>looking <span class=\"ff2\">e<span class=\"_ _1\"></span>d i possibili scenari alternativi<span class=\"_ _1\"></span> di recupero.<span class=\"_ _1\"></span> </span>L\u2019<span class=\"ff5\">Expected <span class=\"_ _0\"></span>credit <span class=\"_ _0\"></span>losses <span class=\"_ _0\"></span></span>(ECL) <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _0\"></span>definito <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>principio <span class=\"_ _0\"></span>come <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>media <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>perdite <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>crediti <span class=\"_ _0\"></span>ponderata per i rispettivi rischi di inadempi<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>to. In <span class=\"_ _1\"></span>generale, ta<span class=\"_ _1\"></span>le stima prend<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>considerazione tre para<span class=\"_ _1\"></span>metri di <span class=\"_ _b\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hio: <span class=\"_ _b\"></span>(i) <span class=\"_ _5\"></span>la <span class=\"_ _b\"></span>probabilit\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>def<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ul<span class=\"_ _0\"></span>t,<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>(<span class=\"_ _0\"></span>ii<span class=\"_ _1\"></span>) <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>pe<span class=\"_ _1\"></span>rcentuale <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>perdita <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>aso <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>\u2019ins<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lvenza <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>(iii<span class=\"_ _1\"></span>) <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>stima dell\u2019esposizi<span class=\"_ _1\"></span>one creditizia al verificar<span class=\"_ _1\"></span>si dell\u2019ins<span class=\"_ _1\"></span>olv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>nza. Qualora <span class=\"_ _17\"> </span>i <span class=\"_ _17\"> </span>m<span class=\"_ _0\"></span>oti<span class=\"_ _1\"></span>vi <span class=\"_ _18\"> </span>della <span class=\"_ _17\"> </span>perdita <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>valore <span class=\"_ _18\"> </span>sian<span class=\"_ _1\"></span>o <span class=\"_ _17\"> </span>r<span class=\"_ _0\"></span>imossi<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>a <span class=\"_ _17\"> </span>seguito <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>un <span class=\"_ _18\"> </span>evento <span class=\"_ _17\"> </span>verificatosi successivame<span class=\"_ _1\"></span>nte <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>rilevazione <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _b\"></span>riduzione <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>valore, <span class=\"_ _5\"></span>vengono <span class=\"_ _6\"></span>effettuate <span class=\"_ _5\"></span>riprese <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valore <span class=\"_ _6\"></span>con imputazione <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>Conto <span class=\"_ _b\"></span>Econo<span class=\"_ _1\"></span>mico. <span class=\"_ _b\"></span>La<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>ripresa <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alore <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>pu\u00f2 <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>ccedere <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>costo <span class=\"_ _b\"></span>ammortiz<span class=\"_ _1\"></span>zato <span class=\"_ _b\"></span>che <span class=\"_ _0\"></span>lo strumento finanzia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io avrebbe a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> in assenza d<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>precedenti <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ettific<span class=\"_ _1\"></span>he.  Canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione Le <span class=\"_ _1f\"> </span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _16\"> </span>finanziarie <span class=\"_ _16\"> </span>valutate <span class=\"_ _1f\"> </span>al <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>sto <span class=\"_ _15\"> </span>ammo<span class=\"_ _1\"></span>rtizza<span class=\"_ _1\"></span>to <span class=\"_ _15\"> </span>sono <span class=\"_ _1f\"> </span>cancellate <span class=\"_ _16\"> </span>q<span class=\"_ _0\"></span>uando<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>sc<span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _16\"> </span>i <span class=\"_ _15\"> </span>diritti contrattuali <span class=\"_ _1c\"> </span>sui <span class=\"_ _1c\"> </span>fluss<span class=\"_ _1\"></span>i <span class=\"_ _1c\"> </span>finanziari <span class=\"_ _1d\"> </span>derivanti <span class=\"_ _1c\"> </span>dalle <span class=\"_ _1d\"> </span>stesse <span class=\"_ _1c\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>quando <span class=\"_ _1c\"> </span>sono <span class=\"_ _1d\"> </span>c<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>du<span class=\"_ _0\"></span>te <span class=\"_ _1c\"> </span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>asfe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>endo<span class=\"_ _1\"></span> sostanzialmente tutt<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> i ris<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi e be<span class=\"_ _1\"></span>nefici ad esse <span class=\"_ _1\"></span>connesse. Partecipazio<span class=\"_ _0\"></span>ni Criteri di classifica<span class=\"_ _1\"></span>zione, iscrizion<span class=\"_ _1\"></span>e e valutazione<span class=\"_ _1\"></span> La voce include le interessenze dete<span class=\"_ _1\"></span>nute in societ\u00e0 co<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>legate. Una societ\u00e0 collegata \u00e8 un\u2019impresa <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ella<span class=\"_ _3\"></span> quale <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>esercita <span class=\"_ _6\"></span>u<span class=\"_ _0\"></span>n\u2019in<span class=\"_ _1\"></span>fluenza <span class=\"_ _f\"> </span>notevole, <span class=\"_ _f\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>risulta <span class=\"_ _f\"> </span>controllata <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>era <span class=\"_ _f\"> </span>es<span class=\"_ _1\"></span>clusiva <span class=\"_ _f\"> </span>o <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>modo<span class=\"_ _1\"></span> congiunto. <span class=\"_ _3\"></span>L<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>influenza <span class=\"_ _1\"></span>notevole <span class=\"_ _3\"></span>si pres<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span> in<span class=\"_ _1\"></span> tutti<span class=\"_ _3\"></span> i <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>asi <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ui <span class=\"_ _3\"></span>si detie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> 20% <span class=\"_ _1\"></span>dei <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritti <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>voto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(inclusi i <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itti <span class=\"_ _1f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>voto <span class=\"_ _1f\"> </span>\u201c<span class=\"_ _0\"></span>potenzial<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>\u201d) <span class=\"_ _1f\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>un<span class=\"_ _0\"></span>a <span class=\"_ _1f\"> </span>quota <span class=\"_ _15\"> </span>superiore <span class=\"_ _1f\"> </span>o <span class=\"_ _15\"> </span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o, <span class=\"_ _d\"> </span>indipende<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teme<span class=\"_ _1\"></span>nte <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>quota posseduta, <span class=\"_ _0\"></span>sussista <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>potere <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>partecipare <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>dec<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>sioni <span class=\"_ _0\"></span>gestionali <span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>inanziarie d<span class=\"_ _0\"></span>ell\u2019impresa, i<span class=\"_ _0\"></span>n v<span class=\"_ _0\"></span>irt\u00f9 di particolari legami <span class=\"_ _1\"></span>giuridici (i.<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>. <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>tti parasociali), senza tuttavia ave<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ne il cont<span class=\"_ _1\"></span>rollo. Contrariamente,<span class=\"_ _1\"></span> non <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>considerate <span class=\"_ _0\"></span>sottoposte <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>influe<span class=\"_ _1\"></span>nza <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ole <span class=\"_ _0\"></span>alc<span class=\"_ _1\"></span>une <span class=\"_ _0\"></span>interessenze <span class=\"_ _0\"></span>superiori <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>20% <span class=\"_ _0\"></span>quando<span class=\"_ _1\"></span> si <span class=\"_ _b\"></span>detengono <span class=\"_ _0\"></span>esclusivamente <span class=\"_ _b\"></span>diritti<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>patrimoniali, <span class=\"_ _b\"></span>senza <span class=\"_ _0\"></span>avere <span class=\"_ _b\"></span>accesso <span class=\"_ _b\"></span>alle <span class=\"_ _0\"></span>politiche <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>gestione <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span> diri<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> governance limitati a t<span class=\"_ _3\"></span>utelar<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li inte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>essi <span class=\"_ _1\"></span>patrimoniali.  Le <span class=\"_ _6\"></span>partecipazi<span class=\"_ _1\"></span>oni <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>rilevate <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>costo <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>contabiliz<span class=\"_ _1\"></span>zate <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>metodo <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>patrim<span class=\"_ _1\"></span>onio <span class=\"_ _5\"></span>netto. <span class=\"_ _6\"></span>Se esistono <span class=\"_ _0\"></span>evidenze <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>partecipazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>possa <span class=\"_ _b\"></span>ave<span class=\"_ _1\"></span>r <span class=\"_ _b\"></span>s<span class=\"_ _1\"></span>ubito <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>riduzione, <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>procede <span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> stima <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>recuperabile <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>partecipazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>stessa, <span class=\"_ _b\"></span>tenendo <span class=\"_ _b\"></span>conto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alore <span class=\"_ _0\"></span>attuale <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>flussi fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari <span class=\"_ _1b\"> </span>futuri<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>che <span class=\"_ _e\"> </span>la <span class=\"_ _1b\"> </span>partecipaz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1b\"> </span>potr\u00e0 <span class=\"_ _e\"> </span>generare, <span class=\"_ _1b\"> </span>in<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>luso<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>il <span class=\"_ _19\"> </span>valore <span class=\"_ _19\"> </span>di <span class=\"_ _1b\"> </span>dismi<span class=\"_ _3\"></span>ssi<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ne <span class=\"_ _19\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ale dell\u2019investimento. <span class=\"_ _1f\"> </span>Qualora <span class=\"_ _15\"> </span>il <span class=\"_ _1f\"> </span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>recupero <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ulti <span class=\"_ _15\"> </span>inferiore <span class=\"_ _15\"> </span>al <span class=\"_ _1f\"> </span>valore <span class=\"_ _15\"> </span>contabile, <span class=\"_ _15\"> </span>la <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>elati<span class=\"_ _1\"></span>va differenza <span class=\"_ _1\"></span>\u00e8 rile<span class=\"_ _1\"></span>vata a<span class=\"_ _1\"></span> conto <span class=\"_ _1\"></span>economico. <span class=\"_ _3\"></span>Q<span class=\"_ _0\"></span>ual<span class=\"_ _1\"></span>ora i <span class=\"_ _3\"></span>mo<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>vi della <span class=\"_ _3\"></span>perdita di <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re sian<span class=\"_ _1\"></span>o rimossi <span class=\"_ _3\"></span>a seguito<span class=\"_ _4a1\"> </span><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs167\">di un <span class=\"_ _3\"></span>evento <span class=\"_ _3\"></span>ver<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ficatosi <span class=\"_ _3\"></span>successivamente a<span class=\"_ _1\"></span>lla <span class=\"_ _3\"></span>rilevazione <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>riduzione <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>valore, <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>gono <span class=\"_ _3\"></span>effettuate </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs168\">riprese di valore co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> imp<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tazione a c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nto ec<span class=\"_ _1\"></span>onomico. </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs169\">Cancellazion<span class=\"_ _1\"></span>e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs16a\">Le <span class=\"_ _0\"></span>partec<span class=\"_ _1\"></span>ipazioni vengono cancellate quando scadono i diritti contr<span class=\"_ _0\"></span>att<span class=\"_ _3\"></span>uali <span class=\"_ _0\"></span>sui flussi finanziari derivati </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs16b\">dalle attivit\u00e0 stesse o<span class=\"_ _3\"></span> quando la partecipazio<span class=\"_ _1\"></span>ne viene ceduta trasfe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>ndo sostanzialme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te tutti <span class=\"_ _1\"></span>i rischi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs16c\">e benefici ad essa <span class=\"_ _1\"></span>connessi.<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h14 ff6 fsc fc1 sc0 ls0 ws0 gs16d\">Attivit<span class=\"_ _0\"></span>\u00e0 materiali </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs16e\">Criteri di classifica<span class=\"_ _1\"></span>zione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs16f\">Le at<span class=\"_ _1\"></span>tivit\u00e0 mate<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iali <span class=\"_ _3\"></span>comprendono <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>terreni, <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _3\"></span>immobili <span class=\"_ _3\"></span>strumentali, <span class=\"_ _1\"></span>le ope<span class=\"_ _3\"></span>re d\u2019arte, <span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>mobili e <span class=\"_ _3\"></span>gli a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>redi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs170\">nonch\u00e9 <span class=\"_ _5\"></span>le <span class=\"_ _6\"></span>attrezzatu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>qu<span class=\"_ _0\"></span>als<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>asi <span class=\"_ _5\"></span>tipo <span class=\"_ _b\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>itie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>utilizzare <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _6\"></span>esercizio.<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>Le <span class=\"_ _5\"></span>attivit\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs171\">materiali  detenute <span class=\"_ _c\"> </span>per<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>essere  u<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>izza<span class=\"_ _1\"></span>te <span class=\"_ _c\"> </span>nella<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>produzione  o <span class=\"_ _c\"> </span>nella  fornitura  di <span class=\"_ _c\"> </span>be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>servizi <span class=\"_ _c\"> </span>s<span class=\"_ _3\"></span>ono </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs172\">classificate come \u201catti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 ad <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>so f<span class=\"_ _1\"></span>unzionale\u201d secondo lo IAS 16<span class=\"_ _1\"></span>.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs173\">Nelle <span class=\"_ _0\"></span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _0\"></span>mater<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ali confluiscon<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>inoltre le miglior<span class=\"_ _0\"></span>ie<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>su b<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>di terzi qu<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ra le <span class=\"_ _0\"></span>stesse costituisca<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs174\">spese <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ncreme<span class=\"_ _1\"></span>ntative relat<span class=\"_ _1\"></span>ive ad <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _3\"></span>iden<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>ficabili <span class=\"_ _1\"></span>e sep<span class=\"_ _1\"></span>arabili. In <span class=\"_ _3\"></span>tal caso <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>lass<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ficazio<span class=\"_ _1\"></span>ne av<span class=\"_ _1\"></span>viene </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs175\">nelle <span class=\"_ _f\"> </span>s<span class=\"_ _1\"></span>otto <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ci <span class=\"_ _f\"> </span>specific<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferimento <span class=\"_ _f\"></span>(ad <span class=\"_ _6\"></span>esempio <span class=\"_ _6\"></span>impianti) <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _6\"></span>relazione <span class=\"_ _f\"> </span>alla <span class=\"_ _6\"></span>natura <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019attivit\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs176\">stessa. Qualora le mi<span class=\"_ _1\"></span>gliorie e spese in<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>rementative<span class=\"_ _3\"></span> siano relative ad attivit\u00e0<span class=\"_ _1\"></span> materiali identi<span class=\"_ _1\"></span>ficabili ma </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs177\">non separabili, le stesse<span class=\"_ _1\"></span> sono inve<span class=\"_ _1\"></span>ce incluse nella <span class=\"_ _1\"></span>voce 120. \u201cAltre att<span class=\"_ _1\"></span>ivit\u00e0\u201d. </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs178\">Criteri di iscri<span class=\"_ _1\"></span>zione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs179\">Le attivit\u00e0 material<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _1\"></span>inizialmente is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritte<span class=\"_ _1\"></span> al costo che <span class=\"_ _3\"></span>com<span class=\"_ _0\"></span>pre<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>de, olt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e al<span class=\"_ _1\"></span> prezzo di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>acquist<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> tutti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs17a\">gli eventuali one<span class=\"_ _1\"></span>ri accessori direttamente<span class=\"_ _3\"></span> i<span class=\"_ _0\"></span>mputab<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> all\u2019acqu<span class=\"_ _1\"></span>isto e alla messa i<span class=\"_ _1\"></span>n funzione del be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs17b\">Le <span class=\"_ _0\"></span>spese <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>manutenz<span class=\"_ _3\"></span>ione <span class=\"_ _b\"></span>st<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ao<span class=\"_ _1\"></span>rdinaria <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>compo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>tano <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>incremento dei <span class=\"_ _0\"></span>benefici <span class=\"_ _0\"></span>econom<span class=\"_ _1\"></span>ici <span class=\"_ _0\"></span>futuri </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs17c\">vengono <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mp<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tat<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>d <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>dei ces<span class=\"_ _3\"></span>piti, mentre<span class=\"_ _1\"></span> g<span class=\"_ _1\"></span>li alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sti <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>manutenzione <span class=\"_ _3\"></span>ordinaria </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs17d\">sono rilevati a c<span class=\"_ _1\"></span>onto economico.<span class=\"_ _1\"></span> </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs17e\">Criteri di valutaz<span class=\"_ _1\"></span>ione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs17f\">Le attivit\u00e0 materiali s<span class=\"_ _1\"></span>ono valutate al <span class=\"_ _1\"></span>costo, dedotti <span class=\"_ _3\"></span>ev<span class=\"_ _0\"></span>entuali amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rta<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>enti e p<span class=\"_ _1\"></span>erdite di valore. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs180\">Le at<span class=\"_ _1\"></span>tivit\u00e0 materiali s<span class=\"_ _3\"></span>ono sistematicame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>ammortizzat<span class=\"_ _1\"></span>e, adottando <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ome <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>riteri<span class=\"_ _1\"></span>o di a<span class=\"_ _1\"></span>mmortament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs181\">il <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>eto<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>quote <span class=\"_ _3\"></span>costanti, <span class=\"_ _3\"></span>lungo <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>loro <span class=\"_ _3\"></span>vita <span class=\"_ _3\"></span>util<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>. L\u2019a<span class=\"_ _3\"></span>mm<span class=\"_ _0\"></span>ortament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>inizia <span class=\"_ _3\"></span>quando <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>beni <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>disponib<span class=\"_ _1\"></span>ili </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs182\">per l\u2019uso. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs183\">Non vengono inve<span class=\"_ _1\"></span>ce ammortizzat<span class=\"_ _1\"></span>i: </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs184\">- i terreni in quanto <span class=\"_ _1\"></span>hanno vita utile i<span class=\"_ _1\"></span>ndefinita; </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs185\">- il <span class=\"_ _3\"></span>patrim<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nio artisti<span class=\"_ _3\"></span>co in quant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la vita <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ile di <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n\u2019o<span class=\"_ _1\"></span>pera <span class=\"_ _1\"></span>d\u2019arte non p<span class=\"_ _1\"></span>u\u00f2 esse<span class=\"_ _1\"></span>re st<span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> ed <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _1\"></span>loro <span class=\"_ _1\"></span>valore </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs186\">\u00e8 normalmente destinato<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ad au<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>entare nel te<span class=\"_ _3\"></span>mpo; </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs187\">Se <span class=\"_ _3\"></span>esi<span class=\"_ _0\"></span>ste <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>alche <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>dic<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he d<span class=\"_ _3\"></span>imostri che u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>\u2019at<span class=\"_ _3\"></span>tiv<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>materi<span class=\"_ _0\"></span>ale <span class=\"_ _3\"></span>valutata <span class=\"_ _1\"></span>al cost<span class=\"_ _1\"></span>o possa <span class=\"_ _3\"></span>aver<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>subito </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs188\">una <span class=\"_ _f\"> </span>perdita <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>valore, <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>procede <span class=\"_ _f\"> </span>al <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>onfro<span class=\"_ _1\"></span>nto  t<span class=\"_ _3\"></span>ra <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>valore <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>carico <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _f\"> </span>cesp<span class=\"_ _1\"></span>ite <span class=\"_ _f\"> </span>ed <span class=\"_ _f\"> </span>il  s<span class=\"_ _3\"></span>uo <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _f\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs189\">recupero. Le event<span class=\"_ _1\"></span>uali rettifiche <span class=\"_ _1\"></span>vengono rilevate a<span class=\"_ _3\"></span> C<span class=\"_ _0\"></span>onto <span class=\"_ _1\"></span>Economico. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs18a\">Qualora <span class=\"_ _5\"></span>vengano <span class=\"_ _5\"></span>meno <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>motivi <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _5\"></span>hanno <span class=\"_ _5\"></span>portat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>rilevazione <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>perdita, <span class=\"_ _5\"></span>si <span class=\"_ _6\"></span>d\u00e0 <span class=\"_ _5\"></span>luogo <span class=\"_ _5\"></span>ad <span class=\"_ _5\"></span>una </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs18b\">ripresa <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>valore<span class=\"_ _1\"></span>, <span class=\"_ _d\"> </span>che <span class=\"_ _e\"> </span>non <span class=\"_ _d\"> </span>pu\u00f2 <span class=\"_ _d\"> </span>superare <span class=\"_ _d\"> </span>il <span class=\"_ _e\"> </span>va<span class=\"_ _1\"></span>lore <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>he <span class=\"_ _15\"> </span>l\u2019attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _15\"> </span>avrebbe <span class=\"_ _d\"> </span>avuto, <span class=\"_ _e\"> </span>al <span class=\"_ _15\"> </span>netto <span class=\"_ _d\"> </span>degli </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs18c\">ammortamenti cal<span class=\"_ _1\"></span>co<span class=\"_ _0\"></span>lati<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> assenza d<span class=\"_ _1\"></span>i precedenti p<span class=\"_ _3\"></span>erd<span class=\"_ _0\"></span>ite <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>valore. </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs18d\">Criteri di cance<span class=\"_ _1\"></span>ll<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>zione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs18e\">Un'attivit\u00e0 <span class=\"_ _6\"></span>mate<span class=\"_ _1\"></span>riale <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>eliminata<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>dallo <span class=\"_ _5\"></span>stato <span class=\"_ _6\"></span>patrimoniale <span class=\"_ _5\"></span>al <span class=\"_ _6\"></span>momento <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>dismissione <span class=\"_ _5\"></span>o <span class=\"_ _6\"></span>quando <span class=\"_ _5\"></span>il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs18f\">bene <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>perma<span class=\"_ _1\"></span>nentemente <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ir<span class=\"_ _0\"></span>ato dall<span class=\"_ _0\"></span>\u2019<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>so <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>sua <span class=\"_ _0\"></span>dismissione <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>sono <span class=\"_ _b\"></span>attesi <span class=\"_ _0\"></span>be<span class=\"_ _1\"></span>nefici <span class=\"_ _b\"></span>eco<span class=\"_ _1\"></span>nomici </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs190\">futuri.<span class=\"_ _4a1\"> </span> </div><div class=\"t m1 h14 ff6 fsc fc1 sc0 ls0 ws0 gs191\">Leasing <span class=\"ff3 fs2\">(Locatario) </span></div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs192\">Criteri di classifica<span class=\"_ _1\"></span>zione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs193\">Un contratto, o pa<span class=\"_ _1\"></span>rte di esso, \u00e8 classif<span class=\"_ _1\"></span>icato come lea<span class=\"_ _1\"></span>sing se, in cambio <span class=\"_ _1\"></span>di un corrispettiv<span class=\"_ _1\"></span>o, conferisce il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs194\">diri<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>o di controllare l'<span class=\"_ _1\"></span>utilizzo di un'attivit\u00e0<span class=\"_ _1\"></span> specific<span class=\"_ _1\"></span>ata per un periodo <span class=\"_ _1\"></span>di tempo, quindi, se l<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ngo tutto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs195\">il periodo di utilizzo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el be<span class=\"_ _1\"></span>ne si godr\u00e0 di entram<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>i i s<span class=\"_ _3\"></span>eg<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>nti diritti: </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs196\">a) il diritto di ottene<span class=\"_ _1\"></span>re sostanzialmente t<span class=\"_ _3\"></span>utti i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ene<span class=\"_ _1\"></span>fici economi<span class=\"_ _1\"></span>ci d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti dall'utilizzo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ell'attivit\u00e0; e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs197\">b) il diritto di decidere<span class=\"_ _3\"></span> su<span class=\"_ _0\"></span>ll'<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tilizz<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> dell'attivit\u00e0<span class=\"_ _1\"></span>. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs198\">In caso d<span class=\"_ _3\"></span>i modifica dei <span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>rmini e <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>condizioni del <span class=\"_ _3\"></span>contratto si <span class=\"_ _1\"></span>procede <span class=\"_ _3\"></span>ad una nu<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>va <span class=\"_ _1\"></span>valutazione pe<span class=\"_ _1\"></span>r </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs199\">determinare se il contratt<span class=\"_ _3\"></span>o \u00e8 o contiene un leasin<span class=\"_ _1\"></span>g.<span class=\"_ _4a1\"> </span> </div>I<span class=\"_ _4a1\"> </span>l Gruppo non ap<span class=\"_ _1\"></span>plica le presenti re<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ole:<span class=\"_ _1\"></span> <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">ai leasing di attivit\u00e0 i<span class=\"_ _1\"></span>mmateriali; </span></span><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">ai leasing a breve te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>mine (du<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ata mi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ore o u<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uale a<span class=\"_ _1\"></span> 12 mesi); </span></span><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">ai l<span class=\"_ _0\"></span>easing <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>cui <span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>'attivit\u00e0 <span class=\"_ _0\"></span>sott<span class=\"_ _1\"></span>ostante <span class=\"_ _0\"></span>sia d<span class=\"_ _0\"></span>i modesto<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>(attivit\u00e0 il <span class=\"_ _0\"></span>cui valore <span class=\"_ _0\"></span>unitario \u00e8 <span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>nore<span class=\"_ _1\"></span> </span></span>o uguale a 5.000 Euro<span class=\"_ _1\"></span>). Criteri di iscri<span class=\"_ _1\"></span>zione, valutazione <span class=\"_ _1\"></span>e cancellazione<span class=\"_ _1\"></span> Una volta verificato se<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>n con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ratto si configuri qua<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e leasin<span class=\"_ _1\"></span>g, alla data di dec<span class=\"_ _1\"></span>orrenza del <span class=\"_ _1\"></span>contratto <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i rileva l'attivit\u00e0 consistente <span class=\"_ _3\"></span>nel<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iritto <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>utilizzo e la p<span class=\"_ _1\"></span>assivit\u00e0 del leasing. La valutazione iniz<span class=\"_ _1\"></span>iale dell'attivit\u00e0 c<span class=\"_ _1\"></span>onsistente nel <span class=\"_ _1\"></span>diritto di util<span class=\"_ _1\"></span>izzo avviene al cost<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> che <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>de: a)<span class=\"ff4 fs5\"> <span class=\"_ _1c\"> </span></span>l'im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> della val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>taz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>iziale della pa<span class=\"_ _1\"></span>ssivit\u00e0 de<span class=\"_ _1\"></span>l leasing; b)<span class=\"ff4 fs5\"> <span class=\"_ _18\"> </span></span>i pagamenti <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ovuti per il leasing effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ati alla data o prima della data<span class=\"_ _1\"></span> di d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>correnza al netto degli inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i al leas<span class=\"_ _1\"></span>ing ricevuti;<span class=\"_ _1\"></span> c)<span class=\"ff4 fs5\"> <span class=\"_ _21\"> </span></span>i costi iniziali diretti s<span class=\"_ _1\"></span>ostenuti dal locatari<span class=\"_ _1\"></span>o; e d)<span class=\"ff4 fs5\"> <span class=\"_ _18\"> </span></span>la <span class=\"_ _f\"> </span>stima <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>costi <span class=\"_ _6\"></span>che <span class=\"_ _f\"> </span>si <span class=\"_ _6\"></span>dovranno <span class=\"_ _6\"></span>sostenere <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>lo <span class=\"_ _f\"> </span>sma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tellame<span class=\"_ _1\"></span>nto <span class=\"_ _f\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>la <span class=\"_ _6\"></span>rimozio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>dell'atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 sottostante <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>il r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>pristi<span class=\"_ _1\"></span>no de<span class=\"_ _3\"></span>l sito <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _1\"></span>ubicata <span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ripristi<span class=\"_ _1\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dell'attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>sotto<span class=\"_ _0\"></span>sta<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _8\"></span>nel<span class=\"_ _0\"></span>le<span class=\"_ _3\"></span> condizioni previste dai<span class=\"_ _1\"></span> termini e dalle<span class=\"_ _1\"></span> condizioni de<span class=\"_ _3\"></span>l <span class=\"_ _0\"></span>leasin<span class=\"_ _1\"></span>g. La <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>taz<span class=\"_ _1\"></span>ione <span class=\"_ _0\"></span>iniziale <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>passivit\u00e0 <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>leasin<span class=\"_ _1\"></span>g <span class=\"_ _b\"></span>av<span class=\"_ _1\"></span>vien<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>al v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>attuale <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>pagamenti <span class=\"_ _0\"></span>dovuti <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>il leasing non <span class=\"_ _0\"></span>versati a <span class=\"_ _0\"></span>tale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>data. I <span class=\"_ _0\"></span>paga<span class=\"_ _1\"></span>menti d<span class=\"_ _0\"></span>ov<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ti per il <span class=\"_ _0\"></span>leasi<span class=\"_ _1\"></span>ng <span class=\"_ _0\"></span>so<span class=\"_ _1\"></span>no <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ualizzati <span class=\"_ _0\"></span>ut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>lizzan<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o il <span class=\"_ _0\"></span>tass<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>di fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziamen<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ginale <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>apogruppo. In caso<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i ope<span class=\"_ _1\"></span>razioni in cui l\u2019attivit\u00e0 sottosta<span class=\"_ _1\"></span>nte un<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontratto di leasi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g \u00e8 a sua volta data in le<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>ing dal Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o ad una terza parte, ri<span class=\"_ _1\"></span>manendo i<span class=\"_ _1\"></span>n vigore il leasing c<span class=\"_ _1\"></span>on il locatario p<span class=\"_ _1\"></span>rincipale, l\u2019atti<span class=\"_ _1\"></span>vit\u00e0 \u00e8 rilevata com<span class=\"_ _0\"></span>e credit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziario <span class=\"_ _0\"></span>ad un <span class=\"_ _0\"></span>valore pari <span class=\"_ _0\"></span>agli <span class=\"_ _0\"></span>incassi esigibili <span class=\"_ _0\"></span>per il<span class=\"_ _0\"></span> sub-leasing attualizzati <span class=\"_ _0\"></span>al tasso <span class=\"_ _0\"></span>di attualizzazione per il leas<span class=\"_ _3\"></span>ing pr<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cipa<span class=\"_ _1\"></span>le. La <span class=\"_ _e\"> </span>contabilizzazione <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>me <span class=\"_ _e\"> </span>leasing <span class=\"_ _e\"> </span>avviene <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>ogni<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>leasin<span class=\"_ _1\"></span>g <span class=\"_ _e\"> </span>separandola <span class=\"_ _e\"> </span>dalle com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>non di leasing. La <span class=\"_ _b\"></span>durata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>leasing <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>determi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ata <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>periodo <span class=\"_ _b\"></span>non <span class=\"_ _b\"></span>annullabile <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>easi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g, <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>cu<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>vanno <span class=\"_ _b\"></span>aggiunti entrambi i seg<span class=\"_ _1\"></span>uenti <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>riodi: a)<span class=\"ff4 fs5\"> <span class=\"_ _1c\"> </span></span>periodi <span class=\"_ _0\"></span>coperti da u<span class=\"_ _0\"></span>n'opzi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne di <span class=\"_ _0\"></span>proroga del<span class=\"_ _0\"></span> leasin<span class=\"_ _1\"></span>g, <span class=\"_ _0\"></span>se si <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>la r<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>gionevole c<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>rtezza di<span class=\"_ _0\"></span> esercitare l'opzione; e<span class=\"_ _1\"></span> b)<span class=\"ff4 fs5\"> <span class=\"_ _18\"> </span></span>perio<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i  coperti <span class=\"_ _f\"> </span>dall'opzione  di  r<span class=\"_ _1\"></span>isoluzione  de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>  lea<span class=\"_ _3\"></span>sin<span class=\"_ _0\"></span>g, <span class=\"_ _f\"> </span>se  si  ha  la<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>ra<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ione<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ole <span class=\"_ _f\"> </span>cer<span class=\"_ _0\"></span>tezz<span class=\"_ _1\"></span>a  di <span class=\"_ _f\"> </span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n esercitare l'opzione.<span class=\"_ _1\"></span> Si ridetermina la durata de<span class=\"_ _3\"></span>l <span class=\"_ _0\"></span>leasi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g in caso<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di cam<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>amen<span class=\"_ _0\"></span>to del per<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>odo <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>on an<span class=\"_ _1\"></span>nullabile del leasin<span class=\"_ _1\"></span>g. Dopo la data di isc<span class=\"_ _1\"></span>rizione iniziale, la <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alutazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>'attivit\u00e0 a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>viene ap<span class=\"_ _1\"></span>plicando il mo<span class=\"_ _1\"></span>dello del costo.<span class=\"_ _1\"></span> Le attivit\u00e0 consiste<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti nel d<span class=\"_ _1\"></span>iritto di utilizzo s<span class=\"_ _1\"></span>ono ammortizza<span class=\"_ _1\"></span>te dalla data di deco<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>renza<span class=\"_ _1\"></span> del contratto sino al termine della <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>urata<span class=\"_ _1\"></span> del leasing. Dopo la data di dec<span class=\"_ _1\"></span>orrenza la passivit\u00e0 de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> leasi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g \u00e8 <span class=\"_ _3\"></span>valu<span class=\"_ _0\"></span>tata<span class=\"_ _1\"></span>: a)<span class=\"ff4 fs5\"> <span class=\"_ _1c\"> </span></span>aumentando il valo<span class=\"_ _1\"></span>re contabile per tene<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> cont<span class=\"_ _1\"></span>o degli interessi<span class=\"_ _1\"></span> sulla passivit\u00e0 <span class=\"_ _1\"></span>del leasing; b)<span class=\"ff4 fs5\"> <span class=\"_ _18\"> </span></span>di<span class=\"_ _0\"></span>mi<span class=\"_ _1\"></span>nuendo il valore co<span class=\"_ _1\"></span>ntabile per te<span class=\"_ _1\"></span>ner conto dei p<span class=\"_ _1\"></span>agamenti effettuati per <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l leasi<span class=\"_ _1\"></span>ng; c)<span class=\"ff4 fs5\"> <span class=\"_ _21\"> </span></span>rid<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>mi<span class=\"_ _1\"></span>nando il v<span class=\"_ _0\"></span>alore contabile per tener conto d<span class=\"_ _0\"></span>i eventuali nuove valutazioni o modifiche <span class=\"_ _0\"></span>del<span class=\"_ _3\"></span> leasing o della <span class=\"_ _1\"></span>revisione dei pagame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti dov<span class=\"_ _1\"></span>uti per il leasin<span class=\"_ _1\"></span>g. Gli <span class=\"_ _6\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>essi<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>sulla <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>leasing <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _f\"> </span>pagame<span class=\"_ _1\"></span>nti <span class=\"_ _6\"></span>vari<span class=\"_ _0\"></span>ab<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vuti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>easi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g, <span class=\"_ _5\"></span>non <span class=\"_ _6\"></span>inclusi <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>ella<span class=\"_ _3\"></span> valutazione <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>passivit\u00e0 <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>leasing, <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vati <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>conto <span class=\"_ _b\"></span>ec<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nomico <span class=\"_ _0\"></span>nell'esercizio <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>si <span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rifi<span class=\"_ _1\"></span>ca l'evento o la circostanza<span class=\"_ _1\"></span> che fa scattare <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> pagament<span class=\"_ _3\"></span>i. In <span class=\"_ _0\"></span>bilancio le <span class=\"_ _0\"></span>attivit\u00e0 consistenti nel <span class=\"_ _0\"></span>diritto di<span class=\"_ _0\"></span> utilizz<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>espo<span class=\"_ _1\"></span>ste separatamente <span class=\"_ _0\"></span>dalle <span class=\"_ _0\"></span>alt<span class=\"_ _3\"></span>re <span class=\"_ _0\"></span>attivi<span class=\"_ _0\"></span>t\u00e0,<span class=\"_ _3\"></span> le <span class=\"_ _3\"></span>passivit\u00e0 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>leasing <span class=\"_ _3\"></span>separatamente<span class=\"_ _3\"></span> dalle<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>altre <span class=\"_ _3\"></span>passivit\u00e0, <span class=\"_ _8\"></span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>interessi <span class=\"_ _3\"></span>passivi <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>passi<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>leasing sono <span class=\"_ _1f\"> </span>rilev<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>come <span class=\"_ _1f\"> </span>oneri <span class=\"_ _1f\"> </span>finanziari <span class=\"_ _1f\"> </span>e <span class=\"_ _15\"> </span>separatam<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>te <span class=\"_ _1f\"> </span>dalla <span class=\"_ _16\"> </span>q<span class=\"_ _0\"></span>uota <span class=\"_ _16\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>ammo<span class=\"_ _1\"></span>rtamento <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll'<span class=\"_ _0\"></span>atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 consistente nel di<span class=\"_ _1\"></span>ritto di utilizzo.<span class=\"_ _4a1\"> </span>Attivit<span class=\"_ _0\"></span>\u00e0 immateriali<span class=\"_ _0\"></span> Criteri di classifica<span class=\"_ _1\"></span>zione Le <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _0\"></span>immateriali <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>iscri<span class=\"_ _0\"></span>tte <span class=\"_ _0\"></span>come <span class=\"_ _b\"></span>tal<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>se <span class=\"_ _b\"></span>sono <span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tificab<span class=\"_ _1\"></span>ili <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ovan<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rigine <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritti <span class=\"_ _b\"></span>legali <span class=\"_ _0\"></span>o contrattuali. <span class=\"_ _f\"> </span>Tra <span class=\"_ _f\"></span>le<span class=\"_ _3\"></span>  a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _f\"></span>im<span class=\"_ _1\"></span>materiali <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>anche <span class=\"_ _f\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritto <span class=\"_ _6\"></span>l\u2019avviamento <span class=\"_ _f\"> </span>che <span class=\"_ _6\"></span>rappresenta <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ffere<span class=\"_ _1\"></span>nza<span class=\"_ _4a1\"> </span><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1a0\">positiva tra <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _1\"></span>costo di a<span class=\"_ _1\"></span>cquisto<span class=\"_ _1\"></span> ed il fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>value delle a<span class=\"_ _3\"></span>ttivit\u00e0 e passivit\u00e0<span class=\"_ _3\"></span> acquisite in a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bit<span class=\"_ _1\"></span>o di operazioni<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1a1\">di aggregazione azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ale.<span class=\"_ _1\"></span> </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs1a2\">Criteri di iscri<span class=\"_ _1\"></span>zione e valutaz<span class=\"_ _1\"></span>ione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1a3\">Le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>materiali <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritte<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _1\"></span>costo, <span class=\"_ _3\"></span>rettificato <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>eventuali <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>accessori <span class=\"_ _1\"></span>sol<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>se \u00e8 <span class=\"_ _8\"></span>probabile </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1a4\">che <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>futuri <span class=\"_ _b\"></span>benefici <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>conomici <span class=\"_ _b\"></span>attribuibili <span class=\"_ _b\"></span>all\u2019att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ealizzin<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>costo <span class=\"_ _b\"></span>dell\u2019attivit\u00e0 <span class=\"_ _b\"></span>stessa <span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>\u00f2<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1a5\">essere <span class=\"_ _f\"></span>att<span class=\"_ _1\"></span>endibilme<span class=\"_ _1\"></span>nte <span class=\"_ _f\"> </span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minato. <span class=\"_ _6\"></span>In <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>aso <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>rario<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>dell<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _6\"></span>immateriale<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>\u00e8 <span class=\"_ _5\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ato <span class=\"_ _6\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1a6\">conto economico nell<span class=\"_ _1\"></span>\u2019esercizio in cui \u00e8<span class=\"_ _1\"></span> stato sosten<span class=\"_ _1\"></span>uto. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1a7\">Per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>vita <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>tile <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>efinita, <span class=\"_ _b\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>ammortizzato <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>quote <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>osta<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>quote <span class=\"_ _6\"></span>decrescenti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1a8\">determinate <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>funzione <span class=\"_ _b\"></span>dell\u2019affluss<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ei<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>benefici <span class=\"_ _b\"></span>econo<span class=\"_ _1\"></span>mici <span class=\"_ _b\"></span>attesi <span class=\"_ _0\"></span>dall\u2019attivit\u00e0. <span class=\"_ _b\"></span>Le <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ita <span class=\"_ _0\"></span>utile </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1a9\">indefinita  no<span class=\"_ _1\"></span>n  sono  invece<span class=\"_ _1\"></span>  soggette  ad  a<span class=\"_ _3\"></span>mm<span class=\"_ _0\"></span>orta<span class=\"_ _3\"></span>mento  sistematico, <span class=\"_ _f\"> </span>b<span class=\"_ _0\"></span>ens<span class=\"_ _1\"></span>\u00ec  ad  un  test<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>eriodico <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1aa\">verifica dell\u2019ade<span class=\"_ _1\"></span>guatezza del relativo <span class=\"_ _1\"></span>valore di iscrizione in <span class=\"_ _1\"></span>bilancio. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1ab\">In particolare,<span class=\"_ _1\"></span> nel <span class=\"_ _1\"></span>caso di s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ftwa<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>enerati <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _1\"></span>i costi <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uti p<span class=\"_ _3\"></span>er lo svilupp<span class=\"_ _1\"></span>o del p<span class=\"_ _1\"></span>rogetto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1ac\">sono <span class=\"_ _3\"></span>iscritti <span class=\"_ _3\"></span>fra <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>condizione <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>siano <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>imostrati<span class=\"_ _3\"></span> i <span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>guen<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>elementi: <span class=\"_ _3\"></span>la <span class=\"_ _8\"></span>fattibi<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1ad\">tecnica, l\u2019inte<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>ne del <span class=\"_ _3\"></span>completamento, l<span class=\"_ _3\"></span>\u2019u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>lit\u00e0 f<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tura, la <span class=\"_ _3\"></span>disponibilit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>risorse fi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziarie <span class=\"_ _3\"></span>e tecniche<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1ae\">sufficienti e la <span class=\"_ _1\"></span>capacit\u00e0 di determina<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e in m<span class=\"_ _1\"></span>odo attendibile i costi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el pr<span class=\"_ _1\"></span>og<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>o. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1af\">Se <span class=\"_ _0\"></span>esiste <span class=\"_ _0\"></span>qualche <span class=\"_ _b\"></span>indicazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>dimost<span class=\"_ _1\"></span>ri <span class=\"_ _b\"></span>che <span class=\"_ _0\"></span>un\u2019a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>possa <span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>ere <span class=\"_ _0\"></span>sub\u00ect<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>una <span class=\"_ _0\"></span>perdita <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>valore, <span class=\"_ _b\"></span>si </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1b0\">procede <span class=\"_ _f\"> </span>alla <span class=\"_ _f\"> </span>stima <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>valo<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>recupero <span class=\"_ _f\"> </span>dell'attivit\u00e0. <span class=\"_ _f\"> </span>L\u2019amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntare <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _f\"> </span>per<span class=\"_ _1\"></span>dita, <span class=\"_ _f\"> </span>rilevato <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>cont<span class=\"_ _1\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1b1\">economico, \u00e8 pa<span class=\"_ _1\"></span>ri alla differenza tra i<span class=\"_ _1\"></span>l valore contabile del<span class=\"_ _1\"></span>l\u2019attivit\u00e0 ed il val<span class=\"_ _1\"></span>ore recuperabile.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1b2\">In particolare, tra le a<span class=\"_ _1\"></span>ttivit\u00e0 immateriali s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no i<span class=\"_ _1\"></span>ncluse: </div><div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs1b3\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>immateriali basate <span class=\"_ _0\"></span>sulla tecnologia, q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>li<span class=\"_ _0\"></span> il <span class=\"_ _0\"></span>software <span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>plicativo, ammortizzato <span class=\"_ _0\"></span>in funzione </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1b4\">della prev<span class=\"_ _1\"></span>ista ob<span class=\"_ _1\"></span>solescenza t<span class=\"_ _1\"></span>ecnologi<span class=\"_ _1\"></span>ca del<span class=\"_ _1\"></span>lo stess<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>e comunque <span class=\"_ _1\"></span>non o<span class=\"_ _1\"></span>ltre <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n p<span class=\"_ _1\"></span>eriodo <span class=\"_ _3\"></span>massimo di <span class=\"_ _3\"></span>5 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1b5\">anni; </div><div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs1b6\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1c\"> </span>immateriali <span class=\"_ _1d\"> </span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tate <span class=\"_ _1d\"> </span>(i) <span class=\"_ _1c\"> </span>dalla <span class=\"_ _1c\"> </span>valorizzazio<span class=\"_ _1\"></span>ne, <span class=\"_ _1c\"> </span>in <span class=\"_ _1d\"> </span>occ<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>ione <span class=\"_ _1c\"> </span>di <span class=\"_ _1d\"> </span>o<span class=\"_ _0\"></span>perazio<span class=\"_ _1\"></span>ni <span class=\"_ _1c\"> </span>di </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1b7\">aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di relazio<span class=\"_ _1\"></span>ni c<span class=\"_ _0\"></span>on la clientela o <span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dati<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>one sanciti dai contratti di <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>cquisizione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1b8\">sottoscritti, <span class=\"_ _21\"> </span>(ii) <span class=\"_ _21\"> </span>dal <span class=\"_ _91\"> </span>rappo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _1c\"> </span>c<span class=\"_ _0\"></span>ontrattuale <span class=\"_ _21\"> </span>acq<span class=\"_ _1\"></span>uisito. <span class=\"_ _21\"> </span>Tali <span class=\"_ _91\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0, <span class=\"_ _21\"> </span>a <span class=\"_ _21\"> </span>v<span class=\"_ _0\"></span>ita <span class=\"_ _21\"> </span>definita, <span class=\"_ _21\"> </span>sono </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1b9\">originariamente  v<span class=\"_ _0\"></span>alorizzat<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>fair <span class=\"_ _c\"> </span>value <span class=\"_ _c\"> </span>attrave<span class=\"_ _3\"></span>rso <span class=\"_ _16\"> </span>l\u2019att<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>alizza<span class=\"_ _1\"></span>zione, <span class=\"_ _c\"> </span>con <span class=\"_ _c\"> </span>l\u2019utilizz<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>un <span class=\"_ _c\"> </span>tasso </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1ba\">rappresentativo <span class=\"_ _16\"> </span>del <span class=\"_ _1f\"> </span>valore <span class=\"_ _1f\"> </span>temporale<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>denaro <span class=\"_ _1f\"> </span>e <span class=\"_ _1f\"> </span>dei <span class=\"_ _16\"> </span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi <span class=\"_ _1f\"> </span>specifici <span class=\"_ _16\"> </span>dell\u2019attivit\u00e0, <span class=\"_ _16\"> </span>dei <span class=\"_ _1f\"> </span>f<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1bb\">rappresentativi <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _1\"></span>ine <span class=\"_ _b\"></span>commissionale <span class=\"_ _b\"></span>netto <span class=\"_ _b\"></span>lungo <span class=\"_ _5\"></span>un <span class=\"_ _b\"></span>periodo <span class=\"_ _b\"></span>esprimente <span class=\"_ _b\"></span>la <span class=\"_ _5\"></span>durata <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span>dua, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1bc\">contrattuale <span class=\"_ _1a\"> </span>o <span class=\"_ _1a\"> </span>st<span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>rapp<span class=\"_ _1\"></span>orti <span class=\"_ _1a\"> </span>in<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>essere <span class=\"_ _1a\"> </span>al <span class=\"_ _1a\"> </span>moment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019operaz<span class=\"_ _1\"></span>ione <span class=\"_ _1a\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1bd\">aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e/ac<span class=\"_ _1\"></span>quisizione. <span class=\"_ _1f\"> </span>E<span class=\"_ _0\"></span>sse <span class=\"_ _1f\"> </span>sono <span class=\"_ _15\"> </span>ammortizz<span class=\"_ _1\"></span>ate <span class=\"_ _15\"> </span>lungo <span class=\"_ _15\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iodo <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>afflusso <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>benefici </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1be\">economici attesi; </div><div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs1bf\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>immat<span class=\"_ _1\"></span>eriali l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ate alla valorizzazione dei marchi iscritti <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>che in occasione di <span class=\"_ _0\"></span>ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azioni di </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1c0\">aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i azie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dali;<span class=\"_ _3\"></span> </div><div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs1c1\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">infine, <span class=\"_ _19\"> </span>t<span class=\"_ _1\"></span>ra <span class=\"_ _19\"> </span>le <span class=\"_ _19\"> </span>attivit\u00e0 <span class=\"_ _19\"> </span>imm<span class=\"_ _0\"></span>ate<span class=\"_ _3\"></span>riali<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _19\"> </span>incluso <span class=\"_ _19\"> </span>l\u2019avviamento. <span class=\"_ _19\"> </span>L\u2019avviament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>pu\u00f2<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>essere <span class=\"_ _19\"> </span>iscritto, </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1c2\">nell\u2019ambito <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>operazioni <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>aggregazione <span class=\"_ _3\"></span>azie<span class=\"_ _1\"></span>ndale, <span class=\"_ _3\"></span>quando la<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>differenza <span class=\"_ _3\"></span>posit<span class=\"_ _1\"></span>iva <span class=\"_ _3\"></span>fra <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>corrispetti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1c3\">trasferito e l\u2019eventuale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rilevazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne al fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>a quo<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>di minoranza ed il fai<span class=\"_ _1\"></span>r  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1c4\">value <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>elementi <span class=\"_ _0\"></span>patrimoniali <span class=\"_ _0\"></span>acquisi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>sen<span class=\"_ _0\"></span>tativ<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>capacit\u00e0 <span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ituali <span class=\"_ _b\"></span>future <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1c5\">partecipazione/atti<span class=\"_ _1\"></span>vi <span class=\"_ _d\"> </span>trasfe<span class=\"_ _1\"></span>riti <span class=\"_ _d\"> </span>(goodwill)<span class=\"_ _1\"></span>. <span class=\"_ _15\"> </span>Qualora <span class=\"_ _1f\"> </span>tale <span class=\"_ _d\"> </span>differenza <span class=\"_ _15\"> </span>risulti <span class=\"_ _15\"> </span>negativa <span class=\"_ _15\"> </span>(badwill) <span class=\"_ _1f\"> </span>o </div><div class=\"t m1 h8 ff2 fs2 fc1 sc0 ls0 ws0 gs1c6\">nell\u2019ipotesi <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>cui <span class=\"_ _d\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>goodwill <span class=\"_ _15\"> </span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _e\"> </span>trovi <span class=\"_ _15\"> </span>g<span class=\"_ _0\"></span>iusti<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cazione <span class=\"_ _d\"> </span>nelle <span class=\"_ _d\"> </span>capacit\u00e0 <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>uali<span class=\"ff3 fc3\"> <span class=\"_ _d\"> </span></span>fu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>re <span class=\"_ _15\"> </span>dell<span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1c7\">partecipata, <span class=\"_ _6\"></span>la <span class=\"_ _f\"> </span>differenza <span class=\"_ _6\"></span>stessa <span class=\"_ _6\"></span>vi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>iscritta <span class=\"_ _f\"> </span>dire<span class=\"_ _3\"></span>ttamente <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>conto <span class=\"_ _f\"> </span>economic<span class=\"_ _1\"></span>o. <span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>on <span class=\"_ _6\"></span>periodicit\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1c8\">annuale <span class=\"_ _5\"></span>(o <span class=\"_ _6\"></span>ogni <span class=\"_ _5\"></span>vol<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>che <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>ev<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>denza <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>perdita<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re) <span class=\"_ _5\"></span>viene <span class=\"_ _6\"></span>effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ato <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>test <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>erif<span class=\"_ _1\"></span>ica </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1c9\">dell\u2019adeguatezza <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lore dell\u2019avviament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>. A<span class=\"_ _1\"></span> ta<span class=\"_ _1\"></span>l fine <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne ide<span class=\"_ _1\"></span>ntificata l\u2019<span class=\"_ _1\"></span>Unit\u00e0 <span class=\"_ _1\"></span>generatrice di <span class=\"_ _3\"></span>flussi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1ca\">fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>attribuire <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vviamento. <span class=\"_ _3\"></span>L\u2019ammontare <span class=\"_ _3\"></span>dell\u2019eventuale <span class=\"_ _3\"></span>riduzio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>\u00e8 dete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1cb\">sulla <span class=\"_ _0\"></span>base d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la d<span class=\"_ _0\"></span>ifferenza tra <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>iscrizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne dell\u2019avviamento <span class=\"_ _0\"></span>ed il <span class=\"_ _0\"></span>suo <span class=\"_ _0\"></span>valore d<span class=\"_ _0\"></span>i recupero, se </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1cc\">inf<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ore. Detto valore di recupero \u00e8 pari al magg<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ore tra il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value dell\u2019Unit\u00e0<span class=\"_ _1\"></span> generatrice di flu<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1cd\">fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari, <span class=\"_ _c\"> </span>al  n<span class=\"_ _0\"></span>etto  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>entua<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i  costi <span class=\"_ _c\"> </span>di  v<span class=\"_ _0\"></span>endit<span class=\"_ _3\"></span>a, <span class=\"_ _c\"> </span>ed <span class=\"_ _c\"> </span>il <span class=\"_ _c\"> </span>relati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _c\"> </span>val<span class=\"_ _1\"></span>ore <span class=\"_ _c\"> </span>d\u2019uso.  Le <span class=\"_ _c\"> </span>conse<span class=\"_ _1\"></span>guenti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1ce\">rettifiche di valore <span class=\"_ _1\"></span>vengono rilevate a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onto e<span class=\"_ _1\"></span>conomico. </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs1cf\">Criteri di cance<span class=\"_ _1\"></span>ll<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>zione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1d0\">Un'attivit\u00e0 <span class=\"_ _b\"></span>immateriale <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>eliminata <span class=\"_ _b\"></span>dallo <span class=\"_ _b\"></span>stato <span class=\"_ _5\"></span>pat<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imonia<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>momento <span class=\"_ _5\"></span>della <span class=\"_ _b\"></span>dismissione <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>qualora </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1d1\">non siano pi\u00f9 attesi be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>efici ec<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nomi<span class=\"_ _1\"></span>ci futuri.<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h14 ff6 fsc fc1 sc0 ls0 ws0 gs1d3\">Altre attiv<span class=\"_ _0\"></span>it\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1d4\">Le <span class=\"_ _1b\"> </span>altr<span class=\"_ _0\"></span>e <span class=\"_ _1b\"> </span>atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _1b\"> </span>accolgono <span class=\"_ _1b\"> </span>esse<span class=\"_ _1\"></span>nzialmente <span class=\"_ _1b\"> </span>poste <span class=\"_ _1b\"> </span>non <span class=\"_ _1b\"> </span>riconducibili <span class=\"_ _1b\"> </span>ad <span class=\"_ _1b\"> </span>altre <span class=\"_ _1b\"> </span>voci <span class=\"_ _1b\"> </span>dello <span class=\"_ _17\"> </span>stato<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1d5\">patrimoniale, <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>si r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>cor<span class=\"_ _1\"></span>dano <span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>crediti <span class=\"_ _3\"></span>derivanti <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>forniture <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>beni <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>servizi <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>finanziari, <span class=\"_ _3\"></span>le <span class=\"_ _1\"></span>partite<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1d6\">fiscali <span class=\"_ _f\"> </span>diverse <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>q<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>lle <span class=\"_ _f\"> </span>rilevate <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>v<span class=\"_ _1\"></span>oce <span class=\"_ _f\"> </span>propria <span class=\"_ _f\"> </span>(a<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>esempi<span class=\"_ _1\"></span>o, <span class=\"_ _f\"> </span>connesse <span class=\"_ _f\"> </span>con <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>so<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>tuto <span class=\"_ _f\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1d7\">imposta), i ratei e ris<span class=\"_ _1\"></span>conti attivi. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1d8\">In <span class=\"_ _0\"></span>particolare, nella <span class=\"_ _0\"></span>voce ri<span class=\"_ _0\"></span>sco<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti attivi <span class=\"_ _0\"></span>sono r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vate <span class=\"_ _0\"></span>le c<span class=\"_ _0\"></span>ommissi<span class=\"_ _1\"></span>oni <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>tant<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>m pagate <span class=\"_ _0\"></span>ai c<span class=\"_ _0\"></span>ollo<span class=\"_ _1\"></span>cato<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>i, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1d9\">in <span class=\"_ _0\"></span>partico<span class=\"_ _1\"></span>lare <span class=\"_ _0\"></span>tali risconti <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> riferiscono <span class=\"_ _0\"></span>a costi per il <span class=\"_ _0\"></span>collocame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to dei <span class=\"_ _0\"></span>prod<span class=\"_ _1\"></span>otti <span class=\"_ _0\"></span>che sono <span class=\"_ _0\"></span>trattati come </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1da\">costi <span class=\"_ _0\"></span>per l\u2019ottenimento del <span class=\"_ _0\"></span>cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atto, ai <span class=\"_ _0\"></span>sens<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>dell\u2019I<span class=\"_ _3\"></span>FR<span class=\"_ _0\"></span>S 15, <span class=\"_ _0\"></span>e pertanto <span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ilevati come <span class=\"_ _0\"></span>attivit\u00e0 e <span class=\"_ _0\"></span>rive<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>sati </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1db\">a <span class=\"_ _0\"></span>conto <span class=\"_ _0\"></span>economico nel<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>per<span class=\"_ _1\"></span>iodo <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>quale <span class=\"_ _0\"></span>sara<span class=\"_ _1\"></span>nno <span class=\"_ _0\"></span>riconosciuti i <span class=\"_ _b\"></span>ricavi c<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>elati <span class=\"_ _0\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>masse <span class=\"_ _0\"></span>sottostanti. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1dc\">Alla <span class=\"_ _16\"> </span>fine <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>ogni <span class=\"_ _16\"> </span>esercizio <span class=\"_ _c\"> </span>\u00e8 <span class=\"_ _16\"> </span>effettuato <span class=\"_ _c\"> </span>i<span class=\"_ _0\"></span>l <span class=\"_ _c\"> </span>test <span class=\"_ _16\"> </span>p<span class=\"_ _1\"></span>er <span class=\"_ _16\"> </span>verificare <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>recuperabilit\u00e0 <span class=\"_ _16\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_ _16\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _c\"> </span>iscritto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1dd\">nell\u2019attivo. <span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1de\">Le <span class=\"_ _b\"></span>altre <span class=\"_ _0\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>comprendo<span class=\"_ _1\"></span>no <span class=\"_ _b\"></span>inoltre <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>lio<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ie <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>spese <span class=\"_ _b\"></span>in<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>rementative<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>sostenute<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>su <span class=\"_ _b\"></span>immobili<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1df\">terzi, <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>lizzate <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>dera<span class=\"_ _1\"></span>ndo <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>la <span class=\"_ _b\"></span>durata <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>contratto <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>affitto <span class=\"_ _0\"></span>la <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>izza<span class=\"_ _1\"></span>trice <span class=\"_ _0\"></span>ha <span class=\"_ _b\"></span>il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1e0\">controllo <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>ben<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>pu\u00f2 <span class=\"_ _b\"></span>trarre <span class=\"_ _b\"></span>ben<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ci <span class=\"_ _b\"></span>economici <span class=\"_ _b\"></span>futuri. <span class=\"_ _5\"></span>I <span class=\"_ _b\"></span>suddetti <span class=\"_ _b\"></span>costi <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>classificati <span class=\"_ _b\"></span>tra <span class=\"_ _b\"></span>le <span class=\"_ _5\"></span>altre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1e1\">attivit\u00e0 <span class=\"_ _1\"></span>in ottempe<span class=\"_ _1\"></span>ranza alle <span class=\"_ _3\"></span>Istru<span class=\"_ _0\"></span>zi<span class=\"_ _1\"></span>oni di <span class=\"_ _3\"></span>redazione <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>B<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>\u2019Italia <span class=\"_ _3\"></span>e vengono <span class=\"_ _3\"></span>amm<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rtizzate <span class=\"_ _1\"></span>secondo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1e2\">il <span class=\"_ _0\"></span>period<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>pi\u00f9 breve <span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a qu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>in cui <span class=\"_ _0\"></span>le migliorie e <span class=\"_ _0\"></span>le spese possono<span class=\"_ _0\"></span> essere utilizzat<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>e q<span class=\"_ _0\"></span>uello di durata </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1e3\">residua del cont<span class=\"_ _1\"></span>ratto di affitto. </div><div class=\"t m1 h14 ff6 fsc fc1 sc0 ls0 ws0 gs1e4\">Passivit<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _1\"></span>anziari<span class=\"_ _0\"></span>e valutate al<span class=\"_ _0\"></span> costo am<span class=\"_ _0\"></span>mortizzato </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs1e5\">Criteri di classifica<span class=\"_ _1\"></span>zione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1e6\">Le <span class=\"_ _3\"></span>\u201cPassivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>valutate <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ammortizz<span class=\"_ _1\"></span>ato\u201d <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>cludono <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fina<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie <span class=\"_ _3\"></span>derivanti <span class=\"_ _3\"></span>da<span class=\"_ _1\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1e7\">rapporti <span class=\"_ _0\"></span>intrattenut<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>le r<span class=\"_ _0\"></span>eti di <span class=\"_ _0\"></span>vendita, <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>finanzia<span class=\"_ _1\"></span>menti <span class=\"_ _b\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ogati<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>favore dell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>apo<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rupp<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>medio<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1e8\">lungo termine e i tito<span class=\"_ _1\"></span>li obbligaziona<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i emessi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>alla C<span class=\"_ _1\"></span>apogruppo. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1e9\">Sono in<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lt<span class=\"_ _1\"></span>re incl<span class=\"_ _1\"></span>usi <span class=\"_ _1\"></span>i de<span class=\"_ _1\"></span>biti <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>scritti <span class=\"_ _3\"></span>dal G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>uppo<span class=\"_ _1\"></span> in<span class=\"_ _1\"></span> q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>alit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>locatario <span class=\"_ _1\"></span>nell\u2019ambito <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>operazioni <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>leasing. </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs1ea\">Criteri di iscri<span class=\"_ _1\"></span>zione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1eb\">La <span class=\"_ _1b\"> </span>prim<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>iscrizione <span class=\"_ _1b\"> </span>\u00e8 <span class=\"_ _1b\"> </span>effettuata <span class=\"_ _1b\"> </span>sulla <span class=\"_ _1b\"> </span>base <span class=\"_ _1b\"> </span>del <span class=\"_ _1b\"> </span>fair <span class=\"_ _1b\"> </span>value <span class=\"_ _1b\"> </span>delle <span class=\"_ _1b\"> </span>passivit\u00e0, <span class=\"_ _1b\"> </span>normalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _1b\"> </span>pari </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1ec\">all\u2019ammontare incassat<span class=\"_ _1\"></span>o o al prezz<span class=\"_ _1\"></span>o di <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ione. </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs1ed\">Criteri di valutaz<span class=\"_ _1\"></span>ione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1ee\">Dopo <span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>rilevazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>iziale, <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>vengono <span class=\"_ _3\"></span>valutate <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>costo <span class=\"_ _3\"></span>ammortizzato <span class=\"_ _3\"></span>col <span class=\"_ _3\"></span>metodo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1ef\">del tasso di interesse<span class=\"_ _1\"></span> effettivo. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1f0\">Fanno eccezione <span class=\"_ _1\"></span>le pa<span class=\"_ _3\"></span>ssivit\u00e0 a <span class=\"_ _3\"></span>br<span class=\"_ _0\"></span>eve ter<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>ne (<span class=\"_ _3\"></span>inferiori a <span class=\"_ _3\"></span>12<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mesi), <span class=\"_ _3\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>rimangono isc<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itte <span class=\"_ _3\"></span>al fair value <span class=\"_ _1\"></span>e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1f1\">per le quali il fatt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re temp<span class=\"_ _1\"></span>orale risulta trascu<span class=\"_ _1\"></span>rabile. </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs1f2\">Criteri di cance<span class=\"_ _1\"></span>ll<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>zione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1f3\">Le <span class=\"_ _1b\"> </span>passivit\u00e0 <span class=\"_ _17\"> </span>finanz<span class=\"_ _1\"></span>iarie <span class=\"_ _17\"> </span>s<span class=\"_ _1\"></span>ono <span class=\"_ _1b\"> </span>c<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cellate<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>d<span class=\"_ _0\"></span>al <span class=\"_ _1b\"> </span>bil<span class=\"_ _1\"></span>ancio <span class=\"_ _17\"> </span>q<span class=\"_ _1\"></span>uando <span class=\"_ _17\"> </span>risulta<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _1b\"> </span>scadute <span class=\"_ _1b\"> </span>o <span class=\"_ _17\"> </span>esti<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te. <span class=\"_ _1b\"> </span>La </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1f4\">canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione av<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>in presenza <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iac<span class=\"_ _1\"></span>quist<span class=\"_ _1\"></span>o di <span class=\"_ _3\"></span>titoli <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bbligazi<span class=\"_ _1\"></span>onari pre<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ede<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>em<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>i.<span class=\"_ _0\"></span> </div><div class=\"t m1 h14 ff6 fsc fc1 sc0 ls0 ws0 gs1f5\">Fiscalit\u00e0 corre<span class=\"_ _0\"></span>nte e differit<span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1f6\">Le <span class=\"_ _f\"> </span>imposte <span class=\"_ _6\"></span>su<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>  re<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>o, <span class=\"_ _f\"> </span>calcolate <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>l <span class=\"_ _f\"></span>rispetto<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>dell<span class=\"_ _1\"></span>e <span class=\"_ _f\"> </span>legislazioni <span class=\"_ _6\"></span>fisc<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>nazionali, <span class=\"_ _f\"> </span>sono <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ontabilizzate </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1f7\">com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>base <span class=\"_ _16\"> </span>al <span class=\"_ _16\"> </span>criterio <span class=\"_ _16\"> </span>della <span class=\"_ _16\"> </span>competenza<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>economica, <span class=\"_ _16\"> </span>coerentemente<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>con <span class=\"_ _1f\"> </span>le <span class=\"_ _16\"> </span>modalit\u00e0 <span class=\"_ _16\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1f8\">rilevazione <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>bilancio <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>costi <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>ric<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>hanno <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>enerate. <span class=\"_ _b\"></span>Esse <span class=\"_ _b\"></span>rappresentano <span class=\"_ _b\"></span>pertanto <span class=\"_ _b\"></span>il <span class=\"_ _5\"></span>saldo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1f9\">della fiscalit\u00e0 cor<span class=\"_ _1\"></span>rente e differita rela<span class=\"_ _1\"></span>tiva al reddito dell\u2019ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio<span class=\"_ _1\"></span>.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1fa\">Le <span class=\"_ _5\"></span>Attivit\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>Passi<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _5\"></span>fiscali <span class=\"_ _b\"></span>corren<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>accolgo<span class=\"_ _1\"></span>no <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>saldo <span class=\"_ _b\"></span>netto <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>posizioni <span class=\"_ _b\"></span>fiscali <span class=\"_ _5\"></span>delle <span class=\"_ _b\"></span>soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1fb\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o <span class=\"_ _c\"> </span>n<span class=\"_ _0\"></span>ei  confronti <span class=\"_ _c\"> </span>dell\u2019Amministrazio<span class=\"_ _1\"></span>ni <span class=\"_ _c\"> </span>finanziaria <span class=\"_ _c\"> </span>ovve<span class=\"_ _1\"></span>ro <span class=\"_ _c\"> </span>la <span class=\"_ _c\"> </span>differenza <span class=\"_ _c\"> </span>tra <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>passi<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _c\"> </span>fisc<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1fc\">correnti <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll\u2019esercizio, c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ola<span class=\"_ _1\"></span>te <span class=\"_ _0\"></span>in base <span class=\"_ _0\"></span>ad una <span class=\"_ _0\"></span>pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>isione dell\u2019onere tributario <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vuto <span class=\"_ _0\"></span>pe<span class=\"_ _1\"></span>r l\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1fd\">determinato <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>norme <span class=\"_ _6\"></span>tributarie <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>vi<span class=\"_ _0\"></span>gor<span class=\"_ _1\"></span>e, <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>fisc<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>correnti <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentate <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>agli<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1fe\">acconti e dagli altri c<span class=\"_ _1\"></span>rediti d\u2019imposta p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> riten<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>te d\u2019a<span class=\"_ _1\"></span>cc<span class=\"_ _0\"></span>onto<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>su<span class=\"_ _1\"></span>bite. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs1ff\">Si ricorda c<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>la Cap<span class=\"_ _1\"></span>ogruppo, A<span class=\"_ _1\"></span>nima SGR<span class=\"_ _1\"></span> e Anima<span class=\"_ _3\"></span> Alter<span class=\"_ _0\"></span>nati<span class=\"_ _1\"></span>ve hanno<span class=\"_ _1\"></span> aderito al <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>eg<span class=\"_ _1\"></span>ime di ta<span class=\"_ _1\"></span>ssazione <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs200\">gruppo <span class=\"_ _f\"> </span>ex <span class=\"_ _f\"> </span>art. <span class=\"_ _f\"> </span>11<span class=\"_ _0\"></span>7 <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>seg. <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>T.U.I.R. <span class=\"_ _f\"> </span>(cosiddetto <span class=\"_ _f\"> </span>\u201cConsoli<span class=\"_ _1\"></span>dato <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>cale <span class=\"_ _f\"> </span>nazionale\u201d). <span class=\"_ _f\"> </span>I <span class=\"_ _f\"> </span>rapporti <span class=\"_ _f\"> </span>tr<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs201\">Societ\u00e0 e ciascuna delle <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ue c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nsoli<span class=\"_ _1\"></span>date sono regola<span class=\"_ _1\"></span>ti da apposito contratto di <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>ons<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lidat<span class=\"_ _1\"></span>o fiscale. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs202\">La <span class=\"_ _15\"> </span>f<span class=\"_ _0\"></span>isca<span class=\"_ _1\"></span>lit\u00e0 <span class=\"_ _15\"> </span>di<span class=\"_ _0\"></span>ffer<span class=\"_ _1\"></span>ita <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _d\"> </span>determinata, <span class=\"_ _15\"> </span>tenendo <span class=\"_ _d\"> </span>conto <span class=\"_ _15\"> </span>dell\u2019effetto <span class=\"_ _15\"> </span>fiscale <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>onne<span class=\"_ _1\"></span>sso <span class=\"_ _d\"> </span>alle <span class=\"_ _15\"> </span>differenze </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs203\">temporanee t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabile <span class=\"_ _1\"></span>delle attiv<span class=\"_ _1\"></span>it\u00e0 e<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>assivit\u00e0 ed <span class=\"_ _3\"></span>il loro <span class=\"_ _3\"></span>valore fiscale <span class=\"_ _3\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>neranno </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs204\">importi <span class=\"_ _c\"> </span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>pon<span class=\"_ _1\"></span>ibili  o <span class=\"_ _c\"> </span>deduci<span class=\"_ _1\"></span>bili <span class=\"_ _c\"> </span>ne<span class=\"_ _1\"></span>i  fu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ri  periodi.  A <span class=\"_ _c\"> </span>tali  fini, <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>i<span class=\"_ _1\"></span>ntendono  \u201cdifferenze  temporanee<span class=\"_ _4a1\"> </span> </div>tassabili\u201d <span class=\"_ _5\"></span>qu<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>che <span class=\"_ _6\"></span>nei <span class=\"_ _5\"></span>periodi <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>uri <span class=\"_ _6\"></span>determiner<span class=\"_ _1\"></span>anno<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>importi <span class=\"_ _6\"></span>imponibili <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>\u201cdifferenze <span class=\"_ _5\"></span>temporanee deducibili\u201d quelle <span class=\"_ _1\"></span>che negli eser<span class=\"_ _1\"></span>cizi futuri determi<span class=\"_ _3\"></span>neranno importi deducibili. La fiscalit\u00e0 <span class=\"_ _3\"></span>differita non <span class=\"_ _3\"></span>\u00e8 rilevata <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el caso <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>cui derivi <span class=\"_ _1\"></span>dalla r<span class=\"_ _1\"></span>ilevazione i<span class=\"_ _1\"></span>niziale de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019avviame<span class=\"_ _1\"></span>nto e dalla<span class=\"_ _3\"></span> rilevazione <span class=\"_ _1c\"> </span>iniziale <span class=\"_ _1d\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _1c\"> </span>un\u2019attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1c\"> </span>o <span class=\"_ _1c\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>una <span class=\"_ _1c\"> </span>passivit\u00e0 <span class=\"_ _1c\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>operazioni <span class=\"_ _1c\"> </span>che <span class=\"_ _1c\"> </span>non <span class=\"_ _1c\"> </span>rappresenti<span class=\"_ _1\"></span>no un\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ggreg<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _1\"></span>azie<span class=\"_ _1\"></span>ndale e <span class=\"_ _3\"></span>al mo<span class=\"_ _1\"></span>mento del<span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione <span class=\"_ _3\"></span>non influe<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>n\u00e9 l\u2019utile <span class=\"_ _3\"></span>contabile n\u00e9 <span class=\"_ _3\"></span>il redd<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> imponibile (perdita f<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>scale<span class=\"_ _1\"></span>). La <span class=\"_ _16\"> </span>fiscalit\u00e0 <span class=\"_ _c\"> </span>differita <span class=\"_ _c\"> </span>\u00e8 <span class=\"_ _16\"> </span>calcolata <span class=\"_ _c\"> </span>applicando <span class=\"_ _c\"> </span>le <span class=\"_ _16\"> </span>ali<span class=\"_ _1\"></span>quo<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>fiscali <span class=\"_ _16\"> </span>stabi<span class=\"_ _1\"></span>lite <span class=\"_ _16\"> </span>dalle <span class=\"_ _c\"> </span>disposizio<span class=\"_ _1\"></span>ni <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>eg<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>e  applicabili <span class=\"_ _c\"> </span>nei <span class=\"_ _c\"> </span>periodi  d<span class=\"_ _0\"></span>i  i<span class=\"_ _0\"></span>mposta <span class=\"_ _c\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _c\"> </span>cui <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>relative <span class=\"_ _c\"> </span>dif<span class=\"_ _1\"></span>ferenze <span class=\"_ _c\"> </span>temporanee <span class=\"_ _c\"> </span>dive<span class=\"_ _1\"></span>rranno <span class=\"_ _c\"> </span>tassabili <span class=\"_ _c\"> </span>o imponibili; <span class=\"_ _f\"> </span>l\u2019isc<span class=\"_ _1\"></span>rizione <span class=\"_ _f\"> </span>della <span class=\"_ _6\"></span>fiscalit\u00e0 <span class=\"_ _f\"> </span>differita<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>pu\u00f2 <span class=\"_ _6\"></span>esser<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>ri<span class=\"_ _0\"></span>le<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>quando <span class=\"_ _f\"> </span>esiste <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>babilit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>un effettivo so<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>ni<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to di im<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>ste <span class=\"_ _0\"></span>dei periodi <span class=\"_ _0\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>riv<span class=\"_ _1\"></span>ersamento <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>tali<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>differenze <span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>pora<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ee e qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do esiste <span class=\"_ _15\"> </span>un<span class=\"_ _0\"></span>a <span class=\"_ _1f\"> </span>ragionevole <span class=\"_ _15\"> </span>certezza <span class=\"_ _1f\"> </span>che <span class=\"_ _d\"> </span>vi<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>siano <span class=\"_ _15\"> </span>ammontari <span class=\"_ _15\"> </span>imponibili <span class=\"_ _15\"> </span>futuri <span class=\"_ _15\"> </span>nei<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iodi <span class=\"_ _15\"> </span>in <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>ui <span class=\"_ _15\"> </span>si manifester\u00e0 la relativa <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>ucibilit\u00e0 fiscale corre<span class=\"_ _1\"></span>lata a tali diffe<span class=\"_ _1\"></span>renze temporali.<span class=\"_ _1\"></span> Il <span class=\"_ _b\"></span>valore <span class=\"_ _b\"></span>contabile <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>iscali <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferite <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>rivisto <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>bil<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nc<span class=\"_ _0\"></span>io <span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>do<span class=\"_ _0\"></span>tt<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>nel<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> misura <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>cui n<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>probabile c<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>sia realizzabile u<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>reddito <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mponibile <span class=\"_ _0\"></span>suffi<span class=\"_ _1\"></span>cien<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>consentire c<span class=\"_ _0\"></span>he sia utilizzato il bene<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>icio in parte <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di tu<span class=\"_ _0\"></span>tta <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 fiscale <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferita. La <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>utazione delle passivit\u00e0 e delle <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 fiscali differite riflette gli effetti fiscali che d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vano <span class=\"_ _0\"></span>da<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e modalit\u00e0 <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>cui <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>atten<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e, <span class=\"_ _0\"></span>alla<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>rife<span class=\"_ _1\"></span>rimento <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>bilancio, <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>recuperare <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>estingue<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e il<span class=\"_ _0\"></span> valore contabile <span class=\"_ _1\"></span>delle sue attivit\u00e0 e p<span class=\"_ _1\"></span>assivit\u00e0. Qualora <span class=\"_ _3\"></span>le A<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Passivit\u00e0 <span class=\"_ _3\"></span>fiscali <span class=\"_ _3\"></span>diffe<span class=\"_ _1\"></span>rite <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>eri<span class=\"_ _3\"></span>sc<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>componenti <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>hanno <span class=\"_ _3\"></span>interessato <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>cont<span class=\"_ _1\"></span>o economico, la cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>opartita \u00e8 <span class=\"_ _1\"></span>rappresentata dalle <span class=\"_ _1\"></span>imposte su<span class=\"_ _1\"></span>l reddito. Nei <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>asi <span class=\"_ _d\"> </span>in <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>ui <span class=\"_ _15\"> </span>le <span class=\"_ _e\"> </span>imposte <span class=\"_ _d\"> </span>anticipat<span class=\"_ _1\"></span>e <span class=\"_ _d\"> </span>e <span class=\"_ _e\"> </span>differite <span class=\"_ _d\"> </span>riguardino <span class=\"_ _d\"> </span>tr<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>sazioni <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>hanno <span class=\"_ _d\"> </span>interessato direttamente <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>pa<span class=\"_ _1\"></span>trimonio <span class=\"_ _f\"> </span>netto <span class=\"_ _6\"></span>sen<span class=\"_ _0\"></span>za <span class=\"_ _6\"></span>influenzare <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nto <span class=\"_ _f\"> </span>economico <span class=\"_ _f\"></span>(q<span class=\"_ _1\"></span>uali <span class=\"_ _f\"> </span>le <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ettific<span class=\"_ _1\"></span>he <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>prima applicazione <span class=\"_ _0\"></span>degli<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>IFRS, <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>valutaz<span class=\"_ _1\"></span>ioni <span class=\"_ _0\"></span>degli <span class=\"_ _0\"></span>str<span class=\"_ _1\"></span>umenti <span class=\"_ _0\"></span>finanziari ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>fair <span class=\"_ _0\"></span>value c<span class=\"_ _0\"></span>on impatto <span class=\"_ _0\"></span>sulla redditivit\u00e0 <span class=\"_ _f\"> </span>complessiva<span class=\"_ _1\"></span>  o<span class=\"_ _1\"></span>  de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>contratti <span class=\"_ _f\"> </span>derivati <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>copertura <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>flussi <span class=\"_ _f\"> </span>finanziari), <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>stesse <span class=\"_ _f\"> </span>vengono iscritte <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>opartita <span class=\"_ _5\"></span>al <span class=\"_ _6\"></span>patrimonio <span class=\"_ _b\"></span>netto, <span class=\"_ _6\"></span>interessa<span class=\"_ _1\"></span>ndo <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>spe<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ifiche <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ise<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ve <span class=\"_ _5\"></span>quando <span class=\"_ _5\"></span>previsto <span class=\"_ _5\"></span>(es. riserve da valutaz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>). Benefici ai dipe<span class=\"_ _0\"></span>ndenti<span class=\"_ _0\"></span> Si <span class=\"_ _c\"> </span>definiscono <span class=\"_ _c\"> </span>benefici <span class=\"_ _c\"> </span>ai <span class=\"_ _c\"> </span>dipende<span class=\"_ _1\"></span>nti <span class=\"_ _c\"> </span>tutti <span class=\"_ _c\"> </span>i <span class=\"_ _c\"> </span>tipi <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>nerazione <span class=\"_ _c\"> </span>erogati <span class=\"_ _c\"> </span>dall\u2019azien<span class=\"_ _1\"></span>da <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>cambio dell\u2019attivit\u00e0 lavorati<span class=\"_ _1\"></span>va svolta dai dipendenti<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span> I be<span class=\"_ _1\"></span>nefici ai dipendenti si s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ddivido<span class=\"_ _1\"></span>no tra: <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">benefici a<span class=\"_ _1\"></span> b<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>eve t<span class=\"_ _1\"></span>ermine <span class=\"_ _3\"></span>(diversi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ai <span class=\"_ _3\"></span>benefici d<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vuti <span class=\"_ _3\"></span>ai dipende<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essaz<span class=\"_ _1\"></span>ione de<span class=\"_ _3\"></span>l rapporto <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> </span></span>lavoro <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>dai  ben<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ci <span class=\"_ _c\"> </span>retributi<span class=\"_ _1\"></span>vi <span class=\"_ _c\"> </span>sotto  f<span class=\"_ _0\"></span>orma  di<span class=\"_ _0\"></span>  partecipazio<span class=\"_ _1\"></span>ne <span class=\"_ _c\"> </span>al  c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le) <span class=\"_ _c\"> </span>che <span class=\"_ _c\"> </span>si <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>revede <span class=\"_ _c\"> </span>di liquidare <span class=\"_ _5\"></span>interamente <span class=\"_ _5\"></span>entro <span class=\"_ _5\"></span>dodici <span class=\"_ _5\"></span>mesi <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>termine <span class=\"_ _5\"></span>dell\u2019esercizio<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>quale <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ipen<span class=\"_ _1\"></span>denti <span class=\"_ _5\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nno prestato <span class=\"_ _e\"> </span>l\u2019attivit\u00e0 <span class=\"_ _d\"> </span>l<span class=\"_ _0\"></span>avorativa <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>rilevati <span class=\"_ _d\"> </span>inter<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>mente <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"> </span>economico <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>momento <span class=\"_ _e\"> </span>della maturazione <span class=\"_ _1f\"> </span>(rientrano <span class=\"_ _15\"> </span>in <span class=\"_ _15\"> </span>tale <span class=\"_ _1f\"> </span>categoria, <span class=\"_ _15\"> </span>ad <span class=\"_ _d\"> </span>es<span class=\"_ _3\"></span>empio, <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>salari, <span class=\"_ _1f\"> </span>g<span class=\"_ _0\"></span>li <span class=\"_ _1f\"> </span>stipendi <span class=\"_ _15\"> </span>e <span class=\"_ _1f\"> </span>le <span class=\"_ _d\"> </span>prestazi<span class=\"_ _1\"></span>oni \u201cstraordinarie\u201d); <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">benefici <span class=\"_ _6\"></span>successivi <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>rapporto <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>lavoro <span class=\"_ _6\"></span>dovuti <span class=\"_ _6\"></span>dopo <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>conclusione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>rapporto <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>lavoro <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>he </span></span>obbligano <span class=\"_ _0\"></span>l\u2019impresa <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>un\u2019erogazione <span class=\"_ _0\"></span>futura <span class=\"_ _0\"></span>nei <span class=\"_ _0\"></span>confronti <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>dipendenti. <span class=\"_ _0\"></span>Tra <span class=\"_ _0\"></span>questi, <span class=\"_ _0\"></span>rientrano <span class=\"_ _0\"></span>il trattamento <span class=\"_ _16\"> </span>di <span class=\"_ _c\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ne <span class=\"_ _16\"> </span>rapporto <span class=\"_ _16\"> </span>e <span class=\"_ _c\"> </span>i<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>fondi <span class=\"_ _16\"> </span>pensione <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>he, <span class=\"_ _16\"> </span>a <span class=\"_ _c\"> </span>loro <span class=\"_ _16\"> </span>volta <span class=\"_ _16\"> </span>si <span class=\"_ _16\"> </span>suddi<span class=\"_ _1\"></span>vidono <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>piani <span class=\"_ _16\"> </span>a<span class=\"_ _3\"></span> contribuzione defin<span class=\"_ _1\"></span>ita e piani a bene<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ici defi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>iti o fo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>di di <span class=\"_ _1\"></span>quiescenza az<span class=\"_ _1\"></span>iendale; <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">benefici <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>cessazione <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>rapporto <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>lavoro, <span class=\"_ _0\"></span>ossia <span class=\"_ _b\"></span>qu<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>nsi <span class=\"_ _5\"></span>che <span class=\"_ _b\"></span>l\u2019azienda <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>conosce <span class=\"_ _b\"></span>ai </span></span>dipendenti <span class=\"_ _6\"></span>com<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>contropartita <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>essaz<span class=\"_ _1\"></span>ione <span class=\"_ _f\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>orto<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _f\"> </span>lavoro, <span class=\"_ _6\"></span>in <span class=\"_ _f\"> </span>se<span class=\"_ _1\"></span>guito <span class=\"_ _f\"> </span>alla <span class=\"_ _5\"></span>dec<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ione della stessa di con<span class=\"_ _1\"></span>cludere il rapport<span class=\"_ _1\"></span>o di lavoro prim<span class=\"_ _3\"></span>a dell<span class=\"_ _0\"></span>a normale data<span class=\"_ _1\"></span> di pensi<span class=\"_ _1\"></span>onamento; <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">benefici <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>lungo <span class=\"_ _1\"></span>termine, <span class=\"_ _3\"></span>diversi <span class=\"_ _3\"></span>dai <span class=\"_ _3\"></span>precedenti, <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>pr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ede <span class=\"_ _3\"></span>sia<span class=\"_ _1\"></span>no esti<span class=\"_ _3\"></span>nti i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>terame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>entro<span class=\"_ _1\"></span> </span></span>i dodici mesi s<span class=\"_ _1\"></span>uccessivi al temine dell<span class=\"_ _1\"></span>\u2019esercizio in <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ui i dip<span class=\"_ _1\"></span>endenti hanno s<span class=\"_ _1\"></span>vol<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>le p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>opr<span class=\"_ _1\"></span>ie  prestazioni  l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vorative. <span class=\"_ _c\"> </span>La<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>valutazio<span class=\"_ _1\"></span>ne <span class=\"_ _c\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>c<span class=\"_ _1\"></span>ontabilizza<span class=\"_ _1\"></span>zione  d<span class=\"_ _0\"></span>egli  altri  benefici  a <span class=\"_ _c\"> </span>l<span class=\"_ _1\"></span>ungo <span class=\"_ _c\"> </span>te<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ne avviene <span class=\"_ _c\"> </span>utilizzando  la <span class=\"_ _c\"> </span>stessa <span class=\"_ _c\"> </span>metodologia <span class=\"_ _c\"> </span>di  v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tazione <span class=\"_ _c\"> </span>dei<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>benefici <span class=\"_ _c\"> </span>successivi<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>alla <span class=\"_ _c\"> </span>fine <span class=\"_ _c\"> </span>del rapporto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>lavoro, <span class=\"_ _5\"></span>m<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>non <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vati <span class=\"_ _6\"></span>utili/perdite <span class=\"_ _5\"></span>attuariali <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>le <span class=\"_ _5\"></span>altre <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mponenti <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o economico complessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o. Trattamento di f<span class=\"_ _1\"></span>ine rapporto de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> personal<span class=\"_ _3\"></span>e Il  trattamento  di  fine  rapporto  si  co<span class=\"_ _1\"></span>nf<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ura  come<span class=\"_ _1\"></span>  un<span class=\"_ _0\"></span>  \u201c<span class=\"_ _1\"></span>beneficio  successiv<span class=\"_ _1\"></span>o  al  r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>orto  di  lavoro\u201d classificato come:<div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs22e\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">\u201cp<span class=\"_ _1\"></span>iano <span class=\"_ _16\"> </span>a <span class=\"_ _c\"> </span>cont<span class=\"_ _1\"></span>ribuzione <span class=\"_ _c\"> </span>definita\u201d <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>quote <span class=\"_ _16\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>trattamento <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>fine <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>porto <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>personale </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs22f\">maturande <span class=\"_ _0\"></span>a partire dal 1<span class=\"_ _0\"></span>\u00b0 gennaio <span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>007<span class=\"_ _0\"></span> (data di <span class=\"_ _0\"></span>entrata in<span class=\"_ _0\"></span> vigore della riforma <span class=\"_ _0\"></span>della previdenza<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs230\">com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>re <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>cui <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>Decreto <span class=\"_ _b\"></span>Legis<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ativ<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>5 <span class=\"_ _b\"></span>dicembre <span class=\"_ _b\"></span>2005 <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>252)<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sia <span class=\"_ _b\"></span>nel <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pz<span class=\"_ _1\"></span>ione <span class=\"_ _b\"></span>da </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs231\">parte <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ipen<span class=\"_ _1\"></span>dente <span class=\"_ _5\"></span>per <span class=\"_ _b\"></span>la <span class=\"_ _5\"></span>previdenza <span class=\"_ _5\"></span>compleme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tare, <span class=\"_ _b\"></span>sia <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>destinazione <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>fondo <span class=\"_ _5\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs232\">Tesoreria <span class=\"_ _1f\"> </span>presso <span class=\"_ _1f\"> </span>l\u2019INPS. <span class=\"_ _1f\"> </span>Per <span class=\"_ _1f\"> </span>tali <span class=\"_ _1f\"> </span>quote <span class=\"_ _15\"> </span>l\u2019import<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>contabilizzato <span class=\"_ _1f\"> </span>tra <span class=\"_ _1f\"> </span>i <span class=\"_ _1f\"> </span>costi <span class=\"_ _1f\"> </span>del <span class=\"_ _1f\"> </span>personale <span class=\"_ _15\"> </span>\u00e8 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs233\">determinato <span class=\"_ _1f\"> </span>sulla <span class=\"_ _16\"> </span>base <span class=\"_ _16\"> </span>dei <span class=\"_ _1f\"> </span>contributi <span class=\"_ _16\"> </span>dovuti <span class=\"_ _16\"> </span>senza <span class=\"_ _16\"> </span>l\u2019applicazione <span class=\"_ _1f\"> </span>di <span class=\"_ _16\"> </span>metodologie <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>alcolo<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs234\">attuariali; </div><div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs235\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">\u201cp<span class=\"_ _1\"></span>iano <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>benefici <span class=\"_ _b\"></span>def<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>niti\u201d <span class=\"_ _5\"></span>iscritto <span class=\"_ _5\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>suo <span class=\"_ _5\"></span>valore <span class=\"_ _6\"></span>attuariale<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>eter<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nato <span class=\"_ _5\"></span>utilizzando <span class=\"_ _5\"></span>il </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs236\">metodo <span class=\"_ _0\"></span>della \u201c<span class=\"_ _0\"></span>Pr<span class=\"_ _1\"></span>oiezione <span class=\"_ _0\"></span>Unitaria d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Credito\u201d, <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>quota del <span class=\"_ _0\"></span>trattamento <span class=\"_ _0\"></span>di f<span class=\"_ _0\"></span>ine <span class=\"_ _0\"></span>rappo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs237\">personale <span class=\"_ _b\"></span>maturata <span class=\"_ _b\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _b\"></span>2006.Tali <span class=\"_ _b\"></span>quote <span class=\"_ _b\"></span>sono <span class=\"_ _5\"></span>iscritte <span class=\"_ _b\"></span>sulla <span class=\"_ _b\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _0\"></span>del <span class=\"_ _5\"></span>loro <span class=\"_ _b\"></span>valore </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs238\">attuariale <span class=\"_ _1f\"> </span>determinato <span class=\"_ _16\"> </span>u<span class=\"_ _0\"></span>tilizz<span class=\"_ _1\"></span>ando <span class=\"_ _1f\"> </span>il <span class=\"_ _1f\"> </span>metodo <span class=\"_ _1f\"> </span>della <span class=\"_ _1f\"> </span>\u201cProiezione <span class=\"_ _1f\"> </span>Unitaria <span class=\"_ _1f\"> </span>del <span class=\"_ _1f\"> </span>Credito\u201d, <span class=\"_ _16\"> </span>sen<span class=\"_ _0\"></span>za<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs239\">applicazione <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>pro-rata <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>servizio <span class=\"_ _b\"></span>prestato <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>quanto <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>osto <span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ide<span class=\"_ _1\"></span>nziale <span class=\"_ _b\"></span>(\u201ccurrent <span class=\"_ _b\"></span>service </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs23a\">cost\u201d) <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>TF<span class=\"_ _1\"></span>R <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>quasi <span class=\"_ _0\"></span>interamente <span class=\"_ _0\"></span>maturato <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>rivalutazione <span class=\"_ _0\"></span>dello <span class=\"_ _0\"></span>stesso, <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>gli <span class=\"_ _b\"></span>an<span class=\"_ _1\"></span>ni <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>venire,<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs23b\">non si ritiene dia<span class=\"_ _1\"></span> luogo a significati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i benefic<span class=\"_ _1\"></span>i per i dip<span class=\"_ _1\"></span>enden<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs23c\">Ai  fini  del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>'<span class=\"_ _0\"></span>attualizza<span class=\"_ _1\"></span>zione,  il  tasso  utilizzato  \u00e8  determinato  con  riferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  al  rendiment<span class=\"_ _1\"></span>o  d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs23d\">merc<span class=\"_ _0\"></span>at<span class=\"_ _3\"></span>o <span class=\"_ _c\"> </span>di  o<span class=\"_ _0\"></span>bbligazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni  di<span class=\"_ _0\"></span>  aziende <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>rimarie <span class=\"_ _c\"> </span>tene<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do  c<span class=\"_ _0\"></span>onto  della <span class=\"_ _c\"> </span>d<span class=\"_ _1\"></span>urata <span class=\"_ _c\"> </span>media <span class=\"_ _c\"> </span>re<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ua <span class=\"_ _c\"> </span>della<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs23e\">passivit\u00e0, <span class=\"_ _16\"> </span>po<span class=\"_ _1\"></span>nderata <span class=\"_ _c\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>base <span class=\"_ _16\"> </span>alla <span class=\"_ _c\"> </span>percentuale <span class=\"_ _c\"> </span>dell'import<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>pagato <span class=\"_ _16\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>anticipato, <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>ciascun<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs23f\">scadenza, <span class=\"_ _3\"></span>rispetto <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>totale <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>paga<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>e a<span class=\"_ _3\"></span>nticipare <span class=\"_ _8\"></span>f<span class=\"_ _0\"></span>ino <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>l'estinzione <span class=\"_ _8\"></span>f<span class=\"_ _0\"></span>inale <span class=\"_ _3\"></span>dell\u2019<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>obbligazione.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs240\">I <span class=\"_ _6\"></span>costi <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>servizio <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _6\"></span>piano <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>contabili<span class=\"_ _0\"></span>zza<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>tra <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>costi <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>personale, <span class=\"_ _5\"></span>men<span class=\"_ _0\"></span>tre<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _6\"></span>utili <span class=\"_ _6\"></span>e <span class=\"_ _f\"></span>le<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs241\">perdite <span class=\"_ _3\"></span>attuariali <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>contropartita <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>apposita <span class=\"_ _3\"></span>riserva <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>patrimo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>(con <span class=\"_ _3\"></span>effetto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs242\">sulla redditivit\u00e0 c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mplessiva).<span class=\"_ _1\"></span> </div><div class=\"t m1 h14 ff6 fsc fc1 sc0 ls0 ws0 gs243\">Fondi per rischi <span class=\"_ _0\"></span>ed oneri<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs244\">Fondi per rischi ed one<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span> a<span class=\"_ _1\"></span> fronte di imp<span class=\"_ _1\"></span>egni e gara<span class=\"_ _1\"></span>nzie rilasciate<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs245\">La <span class=\"_ _f\"> </span>sottovoce <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>fondi <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>risc<span class=\"_ _1\"></span>hi <span class=\"_ _f\"> </span>ed <span class=\"_ _f\"></span>o<span class=\"_ _1\"></span>neri <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>esa<span class=\"_ _1\"></span>me <span class=\"_ _f\"> </span>accoglie <span class=\"_ _f\"> </span>le<span class=\"_ _3\"></span>  ga<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>anzie<span class=\"_ _3\"></span>  ri<span class=\"_ _1\"></span>lasciate <span class=\"_ _f\"></span>dalla<span class=\"_ _3\"></span>  c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>rollata </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs246\">Anima SGR ai s<span class=\"_ _1\"></span>ottoscrittori per<span class=\"_ _1\"></span> i comparti de<span class=\"_ _1\"></span>l fondo pensi<span class=\"_ _1\"></span>one aperto A<span class=\"_ _1\"></span>rti &amp; Mestieri <span class=\"_ _1\"></span>\u201cGaranzia 1+\u201d e<span class=\"_ _1\"></span>d </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs247\">\u201cIncremento <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>Gar<span class=\"_ _0\"></span>anzia <span class=\"_ _0\"></span>5+\u201d, <span class=\"_ _b\"></span>nonch\u00e9 <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>compar<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>\u201cL<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ea <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>ara<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span>ta\u201d <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>fondo <span class=\"_ _b\"></span>pensio<span class=\"_ _1\"></span>ne <span class=\"_ _b\"></span>negoziale </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs248\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>I<span class=\"_ _1\"></span>CBPI <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>delega, <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>corresponsi<span class=\"_ _1\"></span>one <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>im<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _f\"> </span>minimo<span class=\"_ _1\"></span>, <span class=\"_ _f\"> </span>pari <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>sottoscritto<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs249\">dall\u2019aderente indipe<span class=\"_ _1\"></span>ndentemente dai <span class=\"_ _1\"></span>risultati di gest<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>.<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs24a\">Altri fondi per r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>schi ed one<span class=\"_ _1\"></span>ri </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs24b\">Gli altri <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndi per <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>neri <span class=\"_ _1\"></span>accolgon<span class=\"_ _1\"></span>o gli <span class=\"_ _3\"></span>ac<span class=\"_ _0\"></span>ca<span class=\"_ _1\"></span>ntonamenti <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>elati<span class=\"_ _1\"></span>vi ad <span class=\"_ _1\"></span>obbligazioni <span class=\"_ _1\"></span>legali <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>conn<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>si </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs24c\">a <span class=\"_ _b\"></span>rapporti <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>lav<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ro <span class=\"_ _b\"></span>oppure <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>contenziosi, <span class=\"_ _b\"></span>anche <span class=\"_ _b\"></span>fiscali, <span class=\"_ _b\"></span>originati <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>ev<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _b\"></span>passa<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>q<span class=\"_ _0\"></span>uali <span class=\"_ _b\"></span>sia </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs24d\">probabile <span class=\"_ _6\"></span>l\u2019esborso <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>ri<span class=\"_ _0\"></span>so<span class=\"_ _1\"></span>rse <span class=\"_ _6\"></span>economiche <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>l\u2019adempiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span>le<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>obbligazi<span class=\"_ _1\"></span>oni <span class=\"_ _f\"></span>stesse<span class=\"_ _3\"></span>, <span class=\"_ _f\"> </span>se<span class=\"_ _1\"></span>mpre <span class=\"_ _6\"></span>che </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs24e\">possa <span class=\"_ _f\"> </span>essere <span class=\"_ _f\"></span>ef<span class=\"_ _1\"></span>fettuata <span class=\"_ _6\"></span>u<span class=\"_ _0\"></span>na <span class=\"_ _f\"> </span>stima<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>attendibile <span class=\"_ _f\"> </span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>relativo <span class=\"_ _f\"> </span>ammontare. <span class=\"_ _f\"></span>Tali <span class=\"_ _6\"></span>fondi <span class=\"_ _f\"> </span>inoltre <span class=\"_ _f\"> </span>a<span class=\"_ _1\"></span>ccolgono </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs24f\">l\u2019accantonamento de<span class=\"_ _1\"></span>gli oneri del pe<span class=\"_ _1\"></span>rsonale per la c<span class=\"_ _1\"></span>omponente di remunerazi<span class=\"_ _1\"></span>one variabile.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs250\">Conseguentemente, la<span class=\"_ _1\"></span> rilevazione di <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n acca<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tonamento a<span class=\"_ _1\"></span>vviene se e solo se<span class=\"_ _3\"></span>: </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs251\"><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">v<span class=\"_ _0\"></span>i \u00e8 <span class=\"_ _1\"></span>un\u2019obbligazione in cor<span class=\"_ _1\"></span>so (legale o impli<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ita) qual<span class=\"_ _3\"></span>e r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ultato di un event<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> passato; </span></span></div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs252\"><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">\u00e8 <span class=\"_ _6\"></span>probabile <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>dempiere <span class=\"_ _5\"></span>all\u2019obbligazione <span class=\"_ _b\"></span>si <span class=\"_ _5\"></span>render<span class=\"_ _0\"></span>\u00e0<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>necessario <span class=\"_ _5\"></span>l\u2019impiego<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>risorse <span class=\"_ _6\"></span>atte<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>a </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs253\">produrre benefici ec<span class=\"_ _1\"></span>onomici; e<span class=\"_ _1\"></span> </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs254\"><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">pu\u00f2<span class=\"_ _0\"></span> <span class=\"_ _f5\"> </span>essere <span class=\"_ _f5\"> </span>effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ata <span class=\"_ _91\"> </span>u<span class=\"_ _0\"></span>na <span class=\"_ _f5\"> </span>stima <span class=\"_ _f5\"> </span>atten<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ibile<span class=\"_ _3\"></span> <span class=\"_ _f5\"> </span>d<span class=\"_ _0\"></span>ell\u2019impo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _f5\"> </span>derivante <span class=\"_ _f5\"> </span>dall\u2019a<span class=\"_ _1\"></span>dempimento </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs255\">dell\u2019obbligazio<span class=\"_ _1\"></span>ne. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs256\">L\u2019importo  r<span class=\"_ _0\"></span>ilevato  come <span class=\"_ _c\"> </span>a<span class=\"_ _1\"></span>cc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nto<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>resenta  la <span class=\"_ _c\"> </span>migliore <span class=\"_ _c\"> </span>stima  della <span class=\"_ _c\"> </span>sp<span class=\"_ _1\"></span>esa  r<span class=\"_ _0\"></span>ichiesta  per </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs257\">adempiere <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019obb<span class=\"_ _1\"></span>ligazione esistente alla data <span class=\"_ _0\"></span>di riferimento del bil<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ncio<span class=\"_ _0\"></span> e riflette r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>schi<span class=\"_ _0\"></span> ed inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>tezze<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs258\">che <span class=\"_ _0\"></span>inevitabilme<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>caratterizzano u<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>pluralit\u00e0 di <span class=\"_ _0\"></span>fatti <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>circostanze. <span class=\"_ _0\"></span>Laddove l\u2019elemento <span class=\"_ _0\"></span>temp<span class=\"_ _1\"></span>orale </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs259\">sia <span class=\"_ _16\"> </span>significativo, <span class=\"_ _16\"> </span>gli <span class=\"_ _16\"> </span>accanto<span class=\"_ _1\"></span>namenti <span class=\"_ _16\"> </span>vengono <span class=\"_ _16\"> </span>attualizzati <span class=\"_ _c\"> </span>util<span class=\"_ _0\"></span>izzan<span class=\"_ _3\"></span>do <span class=\"_ _1f\"> </span>i <span class=\"_ _16\"> </span>tassi <span class=\"_ _16\"> </span>correnti <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>mercat<span class=\"_ _1\"></span>o. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs25a\">L\u2019accantonamento e <span class=\"_ _1\"></span>gli incrementi d<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vuti al <span class=\"_ _1\"></span>fattore <span class=\"_ _1\"></span>temporale sono rile<span class=\"_ _1\"></span>vati a Conto Economi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs25b\">L\u2019accantonamento <span class=\"_ _f\"> </span>viene <span class=\"_ _f\"> </span>stor<span class=\"_ _1\"></span>nato <span class=\"_ _f\"> </span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>divien<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>i<span class=\"_ _0\"></span>mprobabile <span class=\"_ _f\"> </span>l\u2019impie<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>risorse <span class=\"_ _f\"> </span>atte <span class=\"_ _6\"></span>a <span class=\"_ _f\"> </span>pro<span class=\"_ _0\"></span>durre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs25c\">benefici economici p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> adempie<span class=\"_ _1\"></span>re l\u2019obbligazione <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>ure quando si esting<span class=\"_ _1\"></span>ue l\u2019obbligazione.<span class=\"_ _1\"></span> </div><div class=\"t m1 h14 ff6 fsc fc1 sc0 ls0 ws0 gs25e\">Altre passivit<span class=\"_ _0\"></span>\u00e0  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs25f\">Le <span class=\"_ _5\"></span>altre <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _b\"></span>accolgono <span class=\"_ _b\"></span>essenzialmente <span class=\"_ _b\"></span>poste <span class=\"_ _b\"></span>non <span class=\"_ _5\"></span>riconducibili <span class=\"_ _b\"></span>ad <span class=\"_ _5\"></span>altre <span class=\"_ _b\"></span>voci <span class=\"_ _5\"></span>passive <span class=\"_ _b\"></span>dello <span class=\"_ _5\"></span>stato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs260\">patrimoniale, <span class=\"_ _b\"></span>tra <span class=\"_ _0\"></span>cui <span class=\"_ _b\"></span>si <span class=\"_ _b\"></span>ricordan<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>debiti <span class=\"_ _b\"></span>de<span class=\"_ _1\"></span>riv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>forniture <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>beni <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>servizi <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>finanziari, <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ate<span class=\"_ _1\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs261\">passivi diversi <span class=\"_ _1\"></span>da quelli da capitalizza<span class=\"_ _1\"></span>re sulle pertin<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>ti pa<span class=\"_ _1\"></span>ssivit\u00e0 finanziarie e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>conti passivi.<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h14 ff6 fsc fc1 sc0 ls0 ws0 gs262\">Capital<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>e azioni<span class=\"_ _0\"></span> proprie </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs263\">La voce <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>clude <span class=\"_ _3\"></span>l\u2019i<span class=\"_ _0\"></span>mp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _1\"></span>o del <span class=\"_ _3\"></span>capitale sotto<span class=\"_ _1\"></span>scritto e <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>sato <span class=\"_ _1\"></span>alla dat<span class=\"_ _1\"></span>a di <span class=\"_ _3\"></span>bilancio (si <span class=\"_ _3\"></span>segnala <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs264\">com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> r<span class=\"_ _0\"></span>ip<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtato nel<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o Statuto<span class=\"_ _1\"></span> societario la <span class=\"_ _1\"></span>durata della S<span class=\"_ _1\"></span>ociet\u00e0 \u00e8 fissata<span class=\"_ _1\"></span> sino al 31 dicembre<span class=\"_ _1\"></span> 2050).  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs265\">Inoltre,  nelle  voci  c<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e  compon<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ono  il  Patrimo<span class=\"_ _1\"></span>nio  Netto  s<span class=\"_ _1\"></span>ono  v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>riz<span class=\"_ _1\"></span>zate  eventuali  azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni  prop<span class=\"_ _1\"></span>rie </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs266\">detenute <span class=\"_ _f\"> </span>dal <span class=\"_ _6\"></span>G<span class=\"_ _0\"></span>rupp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>; <span class=\"_ _f\"></span>q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>este <span class=\"_ _6\"></span>ultime <span class=\"_ _f\"> </span>vengono <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritte <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>bilancio <span class=\"_ _f\"> </span>a <span class=\"_ _f\"></span>v<span class=\"_ _1\"></span>oc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>propria <span class=\"_ _f\"> </span>come <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mponente </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs267\">negativa del Patrim<span class=\"_ _1\"></span>onio Netto.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs268\">Nessun <span class=\"_ _3\"></span>util<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>o pe<span class=\"_ _3\"></span>rdi<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>derivante<span class=\"_ _1\"></span> da <span class=\"_ _3\"></span>acquisto, <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>, emiss<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cancellazione <span class=\"_ _3\"></span>di azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _3\"></span>proprie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs269\">iscritto <span class=\"_ _1f\"> </span>al <span class=\"_ _16\"> </span>conto <span class=\"_ _16\"> </span>economico. <span class=\"_ _16\"> </span>Le <span class=\"_ _16\"> </span>differenze <span class=\"_ _16\"> </span>tra <span class=\"_ _16\"> </span>prezzo <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>acqui<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>vendita <span class=\"_ _16\"> </span>derivanti <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>tal<span class=\"_ _1\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs26a\">transazioni sono <span class=\"_ _1\"></span>registrate tra le rise<span class=\"_ _1\"></span>rve del patrim<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nio netto<span class=\"_ _3\"></span> </div><div class=\"t m1 h14 ff6 fsc fc1 sc0 ls0 ws0 gs26b\">Riconoscim<span class=\"_ _0\"></span>ento dei ricavi <span class=\"_ _0\"></span>e dei costi<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs26c\">Ricavi d\u2019eserc<span class=\"_ _1\"></span>izio </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs26d\">Il riconosciment<span class=\"_ _1\"></span>o dei ricavi avviene att<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>averso le<span class=\"_ _1\"></span> segue<span class=\"_ _1\"></span>nti fasi: </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs26e\">1. identificazione del <span class=\"_ _1\"></span>contratto (o dei c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>ratti) con il cliente<span class=\"_ _3\"></span>; </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs26f\">2. individuazione de<span class=\"_ _1\"></span>lle obbligazioni d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> fa<span class=\"_ _1\"></span>re (o \u201cperformance obli<span class=\"_ _1\"></span>gations\u201d); </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs270\">3. <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eterminazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> del<span class=\"_ _3\"></span> prezzo <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> transazi<span class=\"_ _1\"></span>one: <span class=\"_ _3\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pre<span class=\"_ _1\"></span>zzo del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nsazione \u00e8 <span class=\"_ _3\"></span>l\u2019importo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>corrispettivo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs271\">a cui si ritiene di a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ere di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itto in camb<span class=\"_ _1\"></span>io del trasfe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imento a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> cliente <span class=\"_ _1\"></span>dei servizi pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>messi; </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs272\">4. ripartizione del prezzo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019operazione tra le <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ormance <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bligati<span class=\"_ _1\"></span>ons\u201d del contratt<span class=\"_ _1\"></span>o; </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs273\">5. <span class=\"_ _d\"> </span>riconoscimento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>ricavo <span class=\"_ _15\"> </span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>momento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _15\"> </span>soddisfacimento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _15\"> </span>\u201cperformance <span class=\"_ _15\"> </span>obligation; </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs274\">specificatamente i rica<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i poss<span class=\"_ _1\"></span>ono essere <span class=\"_ _1\"></span>riconosciu<span class=\"_ _1\"></span>ti: </div><div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs275\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">in <span class=\"_ _3\"></span>un mo<span class=\"_ _1\"></span>mento p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>ciso, <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do <span class=\"_ _3\"></span>\u00e8 ade<span class=\"_ _1\"></span>mpiuta l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>obbli<span class=\"_ _1\"></span>gazion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> di <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ere<span class=\"_ _1\"></span>ndo al <span class=\"_ _3\"></span>cliente <span class=\"_ _3\"></span>il be<span class=\"_ _1\"></span>ne </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs276\">o servizio promess<span class=\"_ _1\"></span>o (\u201cat a point in time\u201d)<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> o </div><div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs277\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">nel <span class=\"_ _3\"></span>corso del <span class=\"_ _3\"></span>tempo, ma<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>mano c<span class=\"_ _1\"></span>he \u00e8 <span class=\"_ _3\"></span>adempiuta l<span class=\"_ _3\"></span>\u2019o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligazione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>fare, t<span class=\"_ _1\"></span>rasferend<span class=\"_ _1\"></span>o al <span class=\"_ _1\"></span>clie<span class=\"_ _1\"></span>nte </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs278\">il bene o servizio p<span class=\"_ _1\"></span>romesso (\u201cove<span class=\"_ _1\"></span>r time\u201d). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs279\">Le <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>perative <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _5\"></span>sv<span class=\"_ _0\"></span>olg<span class=\"_ _1\"></span>ono <span class=\"_ _6\"></span>l\u2019attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>tipic<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>delle <span class=\"_ _6\"></span>so<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>iet\u00e0 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>isparmio <span class=\"_ _5\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs27a\">ric<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>derivanti <span class=\"_ _1b\"> </span>dall\u2019attivit\u00e0 <span class=\"_ _1b\"> </span>di <span class=\"_ _19\"> </span>gestione <span class=\"_ _1b\"> </span>dei <span class=\"_ _17\"> </span>p<span class=\"_ _3\"></span>rodo<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _17\"> </span>sono <span class=\"_ _19\"> </span>rappresentati <span class=\"_ _1b\"> </span>principalmente <span class=\"_ _19\"> </span>dalle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs27b\">commissioni di gest<span class=\"_ _1\"></span>ione, dalle <span class=\"_ _1\"></span>commissioni di i<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ntivo <span class=\"_ _0\"></span>e da q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>elle <span class=\"_ _1\"></span>di collocame<span class=\"_ _1\"></span>nto. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs27c\">Le <span class=\"_ _0\"></span>com<span class=\"_ _1\"></span>missioni di gestione <span class=\"_ _0\"></span>e di incen<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o sono collegate al <span class=\"_ _0\"></span>valore di <span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>degli AuM <span class=\"_ _0\"></span>dei prodotti <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs27d\">al risultato della l<span class=\"_ _1\"></span>oro gestione.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs27e\">In <span class=\"_ _0\"></span>particolare, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>commissi<span class=\"_ _1\"></span>one <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gestione <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>calcola<span class=\"_ _3\"></span>ta <span class=\"_ _0\"></span>peri<span class=\"_ _0\"></span>odicame<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>come <span class=\"_ _0\"></span>percent<span class=\"_ _1\"></span>uale <span class=\"_ _0\"></span>applicata <span class=\"_ _0\"></span>sul </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs27f\">patrimonio medio <span class=\"_ _1\"></span>del singolo prod<span class=\"_ _1\"></span>otto. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs280\">Le <span class=\"_ _5\"></span>commissioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>incentivo, <span class=\"_ _b\"></span>invece, <span class=\"_ _b\"></span>vengono <span class=\"_ _b\"></span>applicate <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>taluni <span class=\"_ _b\"></span>prodotti <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>corrisposte <span class=\"_ _b\"></span>a <span class=\"_ _5\"></span>favore <span class=\"_ _b\"></span>delle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs281\">societ\u00e0 <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>gestione <span class=\"_ _6\"></span>solo <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giungimento <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>eterminati <span class=\"_ _5\"></span>obiettivi <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>rendime<span class=\"_ _1\"></span>nto. <span class=\"_ _6\"></span>In <span class=\"_ _6\"></span>linea <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>ene<span class=\"_ _1\"></span>rale, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs282\">sono  previste<span class=\"_ _1\"></span>  tre <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferenti <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>riteri <span class=\"_ _f\"> </span>di  app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazione<span class=\"_ _3\"></span>  della  commissione <span class=\"_ _f\"> </span>di  in<span class=\"_ _1\"></span>centivo  in <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ione <span class=\"_ _f\"> </span>della </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs283\">politica <span class=\"_ _3\"></span>d\u2019investimento <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>sin<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>oli <span class=\"_ _3\"></span>fondi: <span class=\"_ _3\"></span>(i) <span class=\"_ _3\"></span>quando <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>performance <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>prod<span class=\"_ _1\"></span>otto <span class=\"_ _1\"></span>supera <span class=\"_ _8\"></span>nell<span class=\"_ _0\"></span>\u2019a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lare </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs284\">oggetto <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ifica<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>indice <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>riferimento<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>un <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _6\"></span>prestabilit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>obiettivo <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>dimento </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs285\">(\u201ccommissione <span class=\"_ _0\"></span>vs. <span class=\"_ _0\"></span>benchmark\u201d), <span class=\"_ _b\"></span>(ii) <span class=\"_ _0\"></span>quando <span class=\"_ _0\"></span> <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>valore <span class=\"_ _0\"></span>unitario <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>quota <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _b\"></span>supera <span class=\"_ _0\"></span>quello <span class=\"_ _0\"></span>pi\u00f9 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs286\">elevato <span class=\"_ _0\"></span>ma<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>ggiun<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> in <span class=\"_ _0\"></span>pre<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ede<span class=\"_ _1\"></span>nza <span class=\"_ _0\"></span>(\u201ccommiss<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>high <span class=\"_ _0\"></span>watermark assoluto\u201d) e <span class=\"_ _0\"></span>(iii)  q<span class=\"_ _0\"></span>uando il valore </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs287\">unitario <span class=\"_ _0\"></span>della quota <span class=\"_ _0\"></span>sia su<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>iore <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>valore d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>'indice <span class=\"_ _0\"></span>cui si <span class=\"_ _0\"></span>intende far<span class=\"_ _0\"></span>e riferimento <span class=\"_ _0\"></span>(<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>all'obiettivo d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs288\">rendimento) <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _5\"></span>differenza <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ispetto<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>parametro <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>onf<span class=\"_ _1\"></span>ronto <span class=\"_ _5\"></span>prescelto <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>maggiore <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>quella <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>ai </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs289\">realizzata in precede<span class=\"_ _1\"></span>nza (\u201ccommissio<span class=\"_ _1\"></span>ne high water<span class=\"_ _1\"></span>mark relativo\u201d). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs28a\">Infine, <span class=\"_ _f5\"> </span>le <span class=\"_ _f5\"> </span>c<span class=\"_ _0\"></span>ommissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _f5\"> </span>di <span class=\"_ _f5\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>llocamento <span class=\"_ _f5\"> </span>sono <span class=\"_ _f5\"> </span>d<span class=\"_ _0\"></span>eter<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>inate,<span class=\"_ _1\"></span> <span class=\"_ _ce\"> </span>q<span class=\"_ _1\"></span>uando <span class=\"_ _ce\"> </span>previste,<span class=\"_ _3\"></span> <span class=\"_ _ce\"> </span>sul <span class=\"_ _f5\"> </span>capitale </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs28b\">com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>col<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>urante il \u201cPerio<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o di <span class=\"_ _3\"></span>Col<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ocamento\u201d. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs28c\">Le commissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i s<span class=\"_ _3\"></span>ono iscritte, s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>lla <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _3\"></span>dell\u2019esistenz<span class=\"_ _3\"></span>a di accordi <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>attuali, <span class=\"_ _3\"></span>nel period<span class=\"_ _1\"></span>o in cui i <span class=\"_ _3\"></span>servizi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs28d\">stessi so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>stati p<span class=\"_ _1\"></span>restati. I<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>particolare, <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esent<span class=\"_ _1\"></span>ando la <span class=\"_ _3\"></span>remunerazione <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>specifiche <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>obbl<span class=\"_ _1\"></span>igazioni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs28e\">di <span class=\"_ _b\"></span>far<span class=\"_ _0\"></span>e\u201d<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>adempiute<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>nei <span class=\"_ _b\"></span>confronti <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>Fondi<span class=\"_ _0\"></span>/Pa<span class=\"_ _1\"></span>trimoni <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>momento <span class=\"_ _5\"></span>prec<span class=\"_ _1\"></span>iso, <span class=\"_ _5\"></span>sono <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vate <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>Conto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs28f\">economico \u201cat a point i<span class=\"_ _1\"></span>n time\u201d. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs291\">I  ricavi <span class=\"_ _f\"> </span>configurati  da <span class=\"_ _f\"> </span>corrispettivi <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iabi<span class=\"_ _1\"></span>li  (le <span class=\"_ _f\"> </span>commissioni  di <span class=\"_ _f\"> </span>incentivo) <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>gon<span class=\"_ _1\"></span>o  rilevati  a<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>con<span class=\"_ _0\"></span>to </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs292\">economico <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>atten<span class=\"_ _1\"></span>dibilmente <span class=\"_ _0\"></span>st<span class=\"_ _1\"></span>imabili <span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span>icame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>se<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _0\"></span>altamente <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>oba<span class=\"_ _1\"></span>bile <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>tale corr<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>spettivo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs293\">non <span class=\"_ _6\"></span>debba <span class=\"_ _6\"></span>essere, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>periodi <span class=\"_ _5\"></span>succ<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>ivi, <span class=\"_ _6\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>tu<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>una <span class=\"_ _5\"></span>su<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>sig<span class=\"_ _0\"></span>nificativa, <span class=\"_ _5\"></span>stornato <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _5\"></span>conto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs294\">economico. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs295\">In <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> forte <span class=\"_ _b\"></span>pre<span class=\"_ _1\"></span>valenza <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>fatto<span class=\"_ _1\"></span>ri <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>incertezza <span class=\"_ _0\"></span>sulla q<span class=\"_ _0\"></span>uant<span class=\"_ _1\"></span>ificazione <span class=\"_ _0\"></span>del c<span class=\"_ _0\"></span>orrisp<span class=\"_ _1\"></span>ettivo, <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>medesimo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs296\">sar\u00e0 <span class=\"_ _c\"> </span>rilevato <span class=\"_ _c\"> </span>solo <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>momento <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>cui <span class=\"_ _c\"> </span>tale <span class=\"_ _c\"> </span>incert<span class=\"_ _1\"></span>ezza <span class=\"_ _c\"> </span>verr\u00e0 <span class=\"_ _c\"> </span>risolta. <span class=\"_ _c\"> </span>In <span class=\"_ _c\"> </span>particolare, <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>commissioni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs297\">determinate <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>metodo <span class=\"_ _b\"></span>\u201cben<span class=\"_ _1\"></span>chmark\u201d <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>rilevate <span class=\"_ _0\"></span>nel <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>onto <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>conomico <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>gestione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs298\">solo <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>termine dell\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>iferimento, quando possono considerarsi definitivame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te maturate a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs299\">favore della stessa.<span class=\"_ _1\"></span> </div><div class=\"t m1 h14 ff6 fsc fc1 sc0 ls0 ws0 gs29a\">Costi d\u2019eserci<span class=\"_ _0\"></span>zio </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs29b\">I costi <span class=\"_ _3\"></span>d\u2019esercizio s<span class=\"_ _1\"></span>ono de<span class=\"_ _3\"></span>crem<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ei<span class=\"_ _1\"></span> bene<span class=\"_ _1\"></span>fici e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mici <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>competenza <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019ese<span class=\"_ _3\"></span>rci<span class=\"_ _0\"></span>zio <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>mministrativo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs29c\">che <span class=\"_ _1f\"> </span>si <span class=\"_ _1f\"> </span>manifestano <span class=\"_ _1f\"> </span>sotto <span class=\"_ _1f\"> </span>forma <span class=\"_ _1f\"> </span>di <span class=\"_ _16\"> </span>flussi <span class=\"_ _1f\"> </span>finanziari <span class=\"_ _1f\"> </span>in <span class=\"_ _1f\"> </span>uscita <span class=\"_ _16\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>ri<span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>zione <span class=\"_ _16\"> </span>di <span class=\"_ _1f\"> </span>valore <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>attivit\u00e0 <span class=\"_ _1f\"> </span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs29d\">sostenimento <span class=\"_ _6\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>si <span class=\"_ _f\"> </span>co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cretizza<span class=\"_ _1\"></span>no <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>remen<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>pat<span class=\"_ _1\"></span>rimonio <span class=\"_ _f\"> </span>netto, <span class=\"_ _6\"></span>diversi <span class=\"_ _f\"> </span>da <span class=\"_ _6\"></span>qu<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs29e\">relativi <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>distribuzioni <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>coloro <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>partecipano <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>capitale. <span class=\"_ _0\"></span>I <span class=\"_ _0\"></span>costi <span class=\"_ _0\"></span>comprendono <span class=\"_ _0\"></span>anche <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>perdite. <span class=\"_ _0\"></span>I </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs29f\">costi e le perdite s<span class=\"_ _1\"></span>orgono nel cors<span class=\"_ _1\"></span>o dell\u2019attivit\u00e0 o<span class=\"_ _1\"></span>rdinaria.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2a0\">I costi sono contabilizz<span class=\"_ _1\"></span>ati secondo il pr<span class=\"_ _1\"></span>incipio della <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompete<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za e qua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o sostenuti. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2a1\">Un costo \u00e8 consi<span class=\"_ _1\"></span>derato sostenut<span class=\"_ _1\"></span>o quando: </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs2a2\"><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">n<span class=\"_ _0\"></span>e \u00e8 dive<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta certa l\u2019es<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>stenza;<span class=\"_ _3\"></span> </span></span></div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs2a3\"><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">\u00e8 d<span class=\"_ _0\"></span>eterm<span class=\"_ _1\"></span>inabile in mod<span class=\"_ _1\"></span>o obiettivo l\u2019ammonta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e; </span></span></div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs2a4\"><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">n<span class=\"_ _0\"></span>ella <span class=\"_ _1\"></span>sostanza <span class=\"_ _3\"></span>dell\u2019operazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne, <span class=\"_ _3\"></span>\u00e8 po<span class=\"_ _3\"></span>ssi<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>ile <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>contare <span class=\"_ _3\"></span>che l\u2019impresa<span class=\"_ _3\"></span> ha <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>quel<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>osto in<span class=\"_ _3\"></span> base<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2a5\">al principio di compete<span class=\"_ _1\"></span>nza </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2a6\">Il <span class=\"_ _0\"></span>costo d<span class=\"_ _0\"></span>i acquisto <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>merci <span class=\"_ _0\"></span>e prodotti d<span class=\"_ _0\"></span>i consumo \u00e8 <span class=\"_ _0\"></span>ricompreso <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>ila<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cio alla <span class=\"_ _0\"></span>data d<span class=\"_ _0\"></span>el passaggio<span class=\"_ _0\"></span> dei </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2a7\">rischi e dei benefici che pu\u00f2 c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>incidere <span class=\"_ _1\"></span>con la data di consegna de<span class=\"_ _1\"></span>gli stessi o, se ante<span class=\"_ _1\"></span>riore, al mo<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>nto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2a8\">del passaggio della pr<span class=\"_ _1\"></span>opriet\u00e0. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2a9\">I <span class=\"_ _91\"> </span>costi <span class=\"_ _91\"> </span>p<span class=\"_ _1\"></span>er <span class=\"_ _91\"> </span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>poste<span class=\"_ _3\"></span> <span class=\"_ _91\"> </span>indirette <span class=\"_ _21\"> </span>sorgono <span class=\"_ _91\"> </span>al <span class=\"_ _21\"> </span>moment<span class=\"_ _1\"></span>o <span class=\"_ _21\"> </span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019operazione <span class=\"_ _21\"> </span>commerciale <span class=\"_ _21\"> </span>sogg<span class=\"_ _0\"></span>etta<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2aa\">all\u2019imposizione. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2ab\">I costi per i<span class=\"_ _3\"></span>mpo<span class=\"_ _0\"></span>ste <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>rette<span class=\"_ _3\"></span> si<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ani<span class=\"_ _1\"></span>festano al mo<span class=\"_ _1\"></span>mento in <span class=\"_ _1\"></span>cui viene deter<span class=\"_ _1\"></span>minato il <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>elativo p<span class=\"_ _3\"></span>resu<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>osto, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2ac\">cio<span class=\"_ _0\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>sede <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>  c<span class=\"_ _1\"></span>hiusura <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>bilancio <span class=\"_ _f\"> </span>d\u2019ese<span class=\"_ _1\"></span>rcizio; <span class=\"_ _6\"></span>una <span class=\"_ _f\"> </span>stima <span class=\"_ _f\"> </span>attendibi<span class=\"_ _1\"></span>le <span class=\"_ _f\"></span>vie<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>effettuata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>anche <span class=\"_ _f\"> </span>nella </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2ad\">predisposizione de<span class=\"_ _1\"></span>lle situazioni inf<span class=\"_ _1\"></span>ra-annuali. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2ae\">I costi sono val<span class=\"_ _1\"></span>utati al fair value dell\u2019a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>ontare pagato o da pa<span class=\"_ _1\"></span>gare. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2af\">I c<span class=\"_ _0\"></span>osti dei servizi, in q<span class=\"_ _0\"></span>ua<span class=\"_ _1\"></span>nto r<span class=\"_ _0\"></span>em<span class=\"_ _1\"></span>unerazione di fattori <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>oduttivi, sono di <span class=\"_ _0\"></span>competenza<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll\u2019esercizio n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2b0\">quale <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>m<span class=\"_ _0\"></span>edesi<span class=\"_ _1\"></span>mi <span class=\"_ _6\"></span>fattor<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _6\"></span>produzione <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>utilizzati <span class=\"_ _f\"> </span>per <span class=\"_ _5\"></span>conseguire <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>icavi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dita <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2b1\">prodotti <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>dei  servizi. <span class=\"_ _c\"> </span>In<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>merito  alla  r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levazione  dei  c<span class=\"_ _0\"></span>ost<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>ostenuti <span class=\"_ _c\"> </span>per<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>le  prestazioni  di <span class=\"_ _c\"> </span>ser<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>izio,<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2b2\">generalmente si <span class=\"_ _1\"></span>fa riferimento alle temp<span class=\"_ _1\"></span>istiche di p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estazione<span class=\"_ _1\"></span> del servizio da pa<span class=\"_ _1\"></span>rte di entit\u00e0 te<span class=\"_ _1\"></span>rze.<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h14 ff3 fsc fc1 sc0 ls0 ws0 gs2b3\">Altre informazio<span class=\"_ _0\"></span>ni </div><div class=\"t m1 h10 ff6 fsb fc1 sc0 ls0 ws0 gs2b4\">Impairme<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>t Test </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2b5\">Le <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>immateriali <span class=\"_ _b\"></span>con <span class=\"_ _5\"></span>vita <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>le <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>efinita <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>so<span class=\"_ _0\"></span>ggette <span class=\"_ _b\"></span>alla <span class=\"_ _5\"></span>verifica <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>perdite <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valore <span class=\"_ _b\"></span>(<span class=\"_ _0\"></span>\u201ctest <span class=\"_ _5\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2b6\">impairment\u201d) se <span class=\"_ _3\"></span>esiste <span class=\"_ _1\"></span>un\u2019indicazione <span class=\"_ _3\"></span>che il val<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>contabile del <span class=\"_ _1\"></span>bene <span class=\"_ _1\"></span>non pos<span class=\"_ _3\"></span>sa pi\u00f9 e<span class=\"_ _1\"></span>ssere <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ecuperato.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2b7\">Il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>recuperabile <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nato <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>maggiore <span class=\"_ _b\"></span>tr<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>il <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ell\u2019a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>netto <span class=\"_ _b\"></span>deg<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>oneri <span class=\"_ _b\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2b8\">dismissione e il val<span class=\"_ _1\"></span>ore d\u2019uso. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2b9\">Le attivit\u00e0 immate<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iali a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>vita <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tile in<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>efinita,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>inve<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e, <span class=\"_ _1\"></span>sono sottoposte a<span class=\"_ _1\"></span>d un test di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>impair<span class=\"_ _1\"></span>ment al fine di<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2ba\">verificare <span class=\"_ _3\"></span>se <span class=\"_ _1\"></span>esistono <span class=\"_ _3\"></span>obietti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>evidenze <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>l\u2019attivit\u00e0 <span class=\"_ _3\"></span>possa <span class=\"_ _3\"></span>aver <span class=\"_ _3\"></span>subito<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _8\"></span>ri<span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>zione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>valore, <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>ogni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2bb\">data <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>edazione <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>bilancio. <span class=\"_ _3\"></span>In p<span class=\"_ _3\"></span>ar<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ola<span class=\"_ _1\"></span>re, <span class=\"_ _1\"></span>tra <span class=\"_ _3\"></span>le <span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tivit\u00e0 <span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>mate<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>ali <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>vita <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>indefinita <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>compreso </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2bc\">l\u2019avviamento, rilevato a seguito di operazioni di <span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>quisizione ed in <span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cazione del <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incipi<span class=\"_ _1\"></span>o contabile </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2bd\">internazionale IFRS <span class=\"_ _1\"></span>3. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2be\">L\u2019avviamento, <span class=\"_ _91\"> </span>n<span class=\"_ _0\"></span>on <span class=\"_ _f5\"> </span>presenta<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do <span class=\"_ _91\"> </span>f<span class=\"_ _0\"></span>lussi <span class=\"_ _91\"> </span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>ari<span class=\"_ _0\"></span> <span class=\"_ _f5\"> </span>autonomi, <span class=\"_ _f5\"> </span>\u00e8 <span class=\"_ _f5\"> </span>sottopost<span class=\"_ _3\"></span>o <span class=\"_ _ce\"> </span>ad <span class=\"_ _f5\"> </span>una <span class=\"_ _91\"> </span>v<span class=\"_ _0\"></span>erifica </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2bf\">dell\u2019adeguatezza <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>iscritto <span class=\"_ _b\"></span>tra <span class=\"_ _b\"></span>le <span class=\"_ _0\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>riferimento <span class=\"_ _b\"></span>alla <span class=\"_ _b\"></span><span class=\"ff5\">Cash <span class=\"_ _0\"></span>Generating <span class=\"_ _0\"></span>Unit</span> <span class=\"_ _b\"></span>(\u201cCGU\u201d) <span class=\"_ _b\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2c0\">cui i valori sono stati at<span class=\"_ _1\"></span>tribuiti in oc<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>asione del<span class=\"_ _1\"></span>le operazioni d<span class=\"_ _1\"></span>i aggregazione azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ale.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2c1\">L\u2019ammontare <span class=\"_ _0\"></span>dell\u2019eventuale<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>riduzione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>det<span class=\"_ _1\"></span>erminato <span class=\"_ _0\"></span>sulla <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>differenza <span class=\"_ _0\"></span>tra <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>valore<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2c2\">contabile <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>CGU <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>recuperabile <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>stessa, <span class=\"_ _0\"></span>rappresentato <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>maggiore <span class=\"_ _0\"></span>tra <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>value, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2c3\">(al netto di event<span class=\"_ _1\"></span>uali costi di ve<span class=\"_ _1\"></span>ndita) ed il valore d\u2019<span class=\"_ _1\"></span>uso. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2c5\">Il valore <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>\u2019<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>so <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>CGU \u00e8<span class=\"_ _1\"></span> deter<span class=\"_ _1\"></span>minato a<span class=\"_ _3\"></span>ttr<span class=\"_ _0\"></span>averso <span class=\"_ _3\"></span>la st<span class=\"_ _1\"></span>ima del <span class=\"_ _1\"></span>valore attuale <span class=\"_ _3\"></span>dei f<span class=\"_ _1\"></span>lussi fi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anzia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i f<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>turi<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2c6\">che si <span class=\"_ _3\"></span>pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ede <span class=\"_ _3\"></span>possan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>essere <span class=\"_ _3\"></span>generati <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>CGU, <span class=\"_ _3\"></span>utilizzando <span class=\"_ _3\"></span>il met<span class=\"_ _3\"></span>odo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>v<span class=\"_ _0\"></span>alutazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span><span class=\"ff5\">Discounted <span class=\"_ _3\"></span>Cash </span></div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs2c7\">Flow<span class=\"ff2\">. <span class=\"_ _f\"> </span>I <span class=\"_ _f\"> </span>flussi <span class=\"_ _6\"></span>finanziari <span class=\"_ _f\"> </span>son<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rminati <span class=\"_ _f\"> </span>utilizza<span class=\"_ _1\"></span>ndo <span class=\"_ _f\"> </span>l\u2019ultim<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>piano <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>\u2019impresa <span class=\"_ _6\"></span>disponibile<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>ovvero, <span class=\"_ _f\"> </span>in </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2c8\">mancanza, <span class=\"_ _6\"></span>attraverso <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>formulazione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>previ<span class=\"_ _0\"></span>si<span class=\"_ _1\"></span>onale <span class=\"_ _6\"></span>interno <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>pa<span class=\"_ _1\"></span>rte <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>man<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2c9\">attraverso <span class=\"_ _19\"> </span>altr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1b\"> </span>evidenze <span class=\"_ _1b\"> </span>este<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ne <span class=\"_ _19\"> </span>disponibili. <span class=\"_ _e\"> </span>No<span class=\"_ _0\"></span>rmalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _19\"> </span>il <span class=\"_ _1b\"> </span>peri<span class=\"_ _1\"></span>odo <span class=\"_ _1b\"> </span>di <span class=\"_ _19\"> </span>previsione <span class=\"_ _1b\"> </span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>aliti<span class=\"_ _1\"></span>co </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2ca\">com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>rende un arco tempo<span class=\"_ _1\"></span>rale massimo di ci<span class=\"_ _1\"></span>nque anni.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2cb\">La <span class=\"_ _16\"> </span>perd<span class=\"_ _0\"></span>ita <span class=\"_ _16\"> </span>di <span class=\"_ _1f\"> </span>valore <span class=\"_ _16\"> </span>registrata <span class=\"_ _16\"> </span>dalla <span class=\"_ _1f\"> </span>CGU <span class=\"_ _1f\"> </span>\u00e8 <span class=\"_ _16\"> </span>all<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>cata <span class=\"_ _16\"> </span>alle <span class=\"_ _1f\"> </span>singol<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _16\"> </span>non <span class=\"_ _16\"> </span>m<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>netarie <span class=\"_ _16\"> </span>ch<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2cc\">com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ongono nel seguente or<span class=\"_ _1\"></span>dine: </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs2cd\">a)<span class=\"ff4 fs5\"> <span class=\"_ _1c\"> </span></span>in primo luogo, all\u2019av<span class=\"_ _1\"></span>viamento allocato alla <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>U; </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs2ce\">b)<span class=\"ff4 fs5\"> <span class=\"_ _18\"> </span></span>in<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>second<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>luogo, <span class=\"_ _1f\"> </span>all<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>altre <span class=\"_ _15\"> </span>attivit\u00e0 <span class=\"_ _15\"> </span>non <span class=\"_ _d\"> </span>moneta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ie <span class=\"_ _15\"> </span>pro<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nalmente <span class=\"_ _15\"> </span>ai <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _1f\"> </span>valori </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2cf\">contabili. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2d0\">Nel <span class=\"_ _0\"></span>caso <span class=\"_ _0\"></span>in cui <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>ragioni che <span class=\"_ _0\"></span>hanno <span class=\"_ _0\"></span>portat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>a r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vare <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>perdita di <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>siano r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mosse <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>seguit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2d1\">un e<span class=\"_ _3\"></span>vento <span class=\"_ _3\"></span>verificatosi <span class=\"_ _3\"></span>successiva<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>evazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _3\"></span>della <span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>iduzi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>v<span class=\"_ _0\"></span>alore, <span class=\"_ _8\"></span>si p<span class=\"_ _3\"></span>roc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>a <span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>egist<span class=\"_ _1\"></span>rare </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2d2\">una <span class=\"_ _0\"></span>ripresa di <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>rile<span class=\"_ _1\"></span>vata a <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ono<span class=\"_ _1\"></span>mico. <span class=\"_ _0\"></span>L\u2019<span class=\"_ _1\"></span>eventuale <span class=\"_ _0\"></span>svalutazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll\u2019avviamento non <span class=\"_ _0\"></span>viene </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2d3\">in n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssun c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iprist<span class=\"_ _1\"></span>inata.<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h8 ff6 fs2 fc1 sc0 ls0 ws0 gs2d4\">Long Term Incentiv<span class=\"_ _1\"></span>e Plan (\u201cLTIP\u201d<span class=\"_ _3\"></span>) </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2d5\">A <span class=\"_ _5\"></span>seguito <span class=\"_ _6\"></span>della <span class=\"_ _5\"></span>promozione <span class=\"_ _b\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>BBPM <span class=\"_ _6\"></span>Vita <span class=\"_ _5\"></span>dell\u2019offerta <span class=\"_ _5\"></span>pubblica <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>acq<span class=\"_ _1\"></span>uisto <span class=\"_ _6\"></span>volontaria <span class=\"_ _5\"></span>sulla<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2d6\">totalit\u00e0 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>azioni <span class=\"_ _5\"></span>ordinarie <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Anima <span class=\"_ _6\"></span>Holding <span class=\"_ _b\"></span>(OPA <span class=\"_ _5\"></span>B<span class=\"_ _0\"></span>BPM <span class=\"_ _5\"></span>Vita), <span class=\"_ _b\"></span>con <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>supp<span class=\"_ _1\"></span>orto <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>consulente </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2d7\">legale <span class=\"_ _f\"> </span>este<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>ind<span class=\"_ _1\"></span>ipendente, <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ificati<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>i <span class=\"_ _f\"> </span>meccani<span class=\"_ _1\"></span>smi <span class=\"_ _6\"></span>di <span class=\"_ _f\"></span>ac<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>elerazione<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pr<span class=\"_ _0\"></span>ev<span class=\"_ _1\"></span>isti <span class=\"_ _6\"></span>dai <span class=\"_ _f\"> </span>pian<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2d8\">inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>ne a lungo termine (<span class=\"ff5\">long term incentive <span class=\"_ _3\"></span>plan)<span class=\"ff2\"> <span class=\"_ _0\"></span>in essere (i <span class=\"_ _1\"></span>\u201cPiani di Incentivazione\u201d <span class=\"_ _1\"></span>o \u201cPiani\u201d), </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2d9\">in particolare:  </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs2da\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il piano<span class=\"_ _1\"></span> di <span class=\"_ _3\"></span>incentivazione <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>lungo te<span class=\"_ _3\"></span>rmine app<span class=\"_ _1\"></span>rovato <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>all\u2019assem<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>lea <span class=\"_ _3\"></span>ordinaria <span class=\"_ _1\"></span>di A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _3\"></span>Holding </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2db\">in <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>31 <span class=\"_ _f\"> </span>marzo <span class=\"_ _f\"> </span>2021 <span class=\"_ _f\"> </span>(\u201c<span class=\"_ _1\"></span>Long <span class=\"_ _f\"> </span>Term <span class=\"_ _f\"> </span>Incentive <span class=\"_ _f\"> </span>P<span class=\"_ _3\"></span>lan<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>21-2<span class=\"_ _1\"></span>3\u201d, <span class=\"_ _f\"> </span>\u201cPiano <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>1-<span class=\"_ _1\"></span>23\u201d <span class=\"_ _f\"> </span>o <span class=\"_ _f\"> </span>\u201cLTIP <span class=\"_ _f\"></span>21-23\u201d),<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2dc\">basato s<span class=\"_ _3\"></span>u propri <span class=\"_ _3\"></span>strumenti <span class=\"_ _3\"></span>finanziari da<span class=\"_ _3\"></span> asseg<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>arsi <span class=\"_ _3\"></span>gratuitamente, <span class=\"_ _3\"></span>ai se<span class=\"_ _3\"></span>nsi del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019art. <span class=\"_ _3\"></span>2349, p<span class=\"_ _1\"></span>rimo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2dd\">comma, <span class=\"_ _c\"> </span>cod<span class=\"_ _1\"></span>. <span class=\"_ _c\"> </span>civ.,  ai <span class=\"_ _c\"> </span>dipendenti <span class=\"_ _c\"> </span>e/<span class=\"_ _3\"></span>o <span class=\"_ _c\"> </span>categorie  d<span class=\"_ _0\"></span>i  dipendenti <span class=\"_ _c\"> </span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019Emittente  e  di<span class=\"_ _0\"></span>  societ\u00e0 <span class=\"_ _c\"> </span>da<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2de\">quest\u2019ultimo <span class=\"_ _e\"> </span>controllate <span class=\"_ _19\"> </span>investiti <span class=\"_ _e\"> </span>di <span class=\"_ _19\"> </span>funzioni <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>r<span class=\"_ _0\"></span>uoli <span class=\"_ _e\"> </span>rilevanti <span class=\"_ _19\"> </span>all\u2019inter<span class=\"_ _1\"></span>no <span class=\"_ _19\"> </span>del <span class=\"_ _e\"> </span>Gruppo <span class=\"_ _19\"> </span>(i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2df\">\u201cBeneficiari\u201d); </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs2e0\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il piano<span class=\"_ _1\"></span> di <span class=\"_ _3\"></span>incentivazione <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>lungo te<span class=\"_ _3\"></span>rmine app<span class=\"_ _1\"></span>rovato <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>all\u2019assem<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>lea <span class=\"_ _3\"></span>ordinaria <span class=\"_ _1\"></span>di A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _3\"></span>Holding </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2e1\">in <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>28 <span class=\"_ _f\"> </span>marzo <span class=\"_ _f\"> </span>2024 <span class=\"_ _f\"> </span>(\u201c<span class=\"_ _1\"></span>Long <span class=\"_ _f\"> </span>Term <span class=\"_ _f\"> </span>Incentive <span class=\"_ _f\"> </span>P<span class=\"_ _3\"></span>lan<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>24-2<span class=\"_ _1\"></span>6\u201d, <span class=\"_ _f\"> </span>\u201cPiano <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>4-<span class=\"_ _1\"></span>26\u201d <span class=\"_ _f\"> </span>o <span class=\"_ _f\"> </span>\u201cLTIP <span class=\"_ _f\"></span>24-26\u201d),<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2e2\">basato s<span class=\"_ _3\"></span>u propri <span class=\"_ _3\"></span>strumenti <span class=\"_ _3\"></span>finanziari da<span class=\"_ _3\"></span> asseg<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>arsi <span class=\"_ _3\"></span>gratuitamente, <span class=\"_ _3\"></span>ai se<span class=\"_ _3\"></span>nsi del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019art. <span class=\"_ _3\"></span>2349, p<span class=\"_ _1\"></span>rimo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2e3\">comma, <span class=\"_ _f\"> </span>cod<span class=\"_ _1\"></span>. <span class=\"_ _f\"> </span>civ.<span class=\"_ _1\"></span>, <span class=\"_ _f\"> </span>ai <span class=\"_ _6\"></span>dirigenti <span class=\"_ _f\"> </span>e <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>dipendenti <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nsiderati <span class=\"_ _f\"></span>\u201c<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>isorse <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>hiave\u201d <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>Emittente <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2e4\">societ\u00e0 da quest\u2019ultim<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> cont<span class=\"_ _1\"></span>rollate (i \u201cBe<span class=\"_ _1\"></span>neficiari\u201d). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2e5\">Si rimanda ai termini e alle condizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni dei Piani di I<span class=\"_ _1\"></span>ncentivazio<span class=\"_ _1\"></span>ne, nonch\u00e9 alle caratteristic<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e dei diritti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2e6\">assegnati, <span class=\"_ _16\"> </span>co<span class=\"_ _0\"></span>me <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>escritti <span class=\"_ _16\"> </span>nei <span class=\"_ _16\"> </span>documenti <span class=\"_ _1f\"> </span>informativi <span class=\"_ _1f\"> </span>disponibili <span class=\"_ _16\"> </span>sul <span class=\"_ _1f\"> </span>sito <span class=\"_ _16\"> </span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>rn<span class=\"_ _0\"></span>et <span class=\"_ _16\"> </span>della <span class=\"_ _16\"> </span>Soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _16\"> </span>(i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2e7\">\u201cRegolamenti\u201d),  redatti <span class=\"_ _c\"> </span>ai<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>sensi  dell\u2019art.  114-bis  del  D<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>reto <span class=\"_ _c\"> </span>Le<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>islati<span class=\"_ _1\"></span>vo <span class=\"_ _c\"> </span>24<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>fe<span class=\"_ _1\"></span>bbraio  1998,  n.<span class=\"_ _0\"></span>  58, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2e8\">dell\u2019art. <span class=\"_ _6\"></span>84-b<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>s <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>Regolamento <span class=\"_ _6\"></span>adottato <span class=\"_ _6\"></span>dalla <span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nsob <span class=\"_ _f\"> </span>con <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>eli<span class=\"_ _1\"></span>bera <span class=\"_ _6\"></span>n. <span class=\"_ _6\"></span>1<span class=\"_ _0\"></span>1971 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _5\"></span>14<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>maggio <span class=\"_ _f\"> </span>1999<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2e9\">(\u201cRegolament<span class=\"_ _1\"></span>o <span class=\"_ _15\"> </span>Emittenti\u201d),<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>nonch\u00e9 <span class=\"_ _1f\"> </span>sulla <span class=\"_ _1f\"> </span>b<span class=\"_ _0\"></span>ase<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>dello <span class=\"_ _16\"> </span>schem<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>7 <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019Al<span class=\"_ _1\"></span>legato <span class=\"_ _1f\"> </span>3\u00b0 <span class=\"_ _1f\"> </span>del <span class=\"_ _1f\"> </span>Regolamento </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2ea\">Emittenti. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2eb\">In <span class=\"_ _1d\"> </span>particolare, <span class=\"_ _1d\"> </span>entrambi <span class=\"_ _18\"> </span>i <span class=\"_ _1d\"> </span>R<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ola<span class=\"_ _1\"></span>menti <span class=\"_ _1d\"> </span>prevedono <span class=\"_ _18\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1c\"> </span>i <span class=\"_ _1d\"> </span>Piani <span class=\"_ _1d\"> </span>di <span class=\"_ _1d\"> </span>Incentivazio<span class=\"_ _1\"></span>ne <span class=\"_ _1d\"> </span>subirann<span class=\"_ _1\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2ec\">un\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>cc<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>lerazione <span class=\"_ _0\"></span>\u201c<span class=\"ff5\">qualora<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>venisse <span class=\"_ _0\"></span>resa <span class=\"_ _0\"></span>pubblica <span class=\"_ _0\"></span>la promozione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>un\u2019offerta <span class=\"_ _0\"></span>pubblica <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>acquisto (O<span class=\"_ _0\"></span>PA)<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>[\u2026] </span></div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs2ed\">avente <span class=\"_ _e\"> </span>ad <span class=\"_ _19\"> </span>oggetto <span class=\"_ _e\"> </span>t<span class=\"_ _0\"></span>utte <span class=\"_ _e\"> </span>o <span class=\"_ _e\"> </span>parte <span class=\"_ _19\"> </span>delle <span class=\"_ _19\"> </span>Azioni <span class=\"_ _e\"> </span>della <span class=\"_ _e\"> </span>Societ\u00e0<span class=\"ff2\">\u201d. <span class=\"_ _e\"> </span>Con<span class=\"_ _0\"></span>se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uenteme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te, <span class=\"_ _e\"> </span>a <span class=\"_ _19\"> </span>seguito <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2ee\">comunicazione <span class=\"_ _5\"></span>ai <span class=\"_ _6\"></span>sensi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ell\u2019a<span class=\"_ _1\"></span>rt. <span class=\"_ _5\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2, <span class=\"_ _5\"></span>comm<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>3 <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>TUF <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>art. <span class=\"_ _b\"></span>3<span class=\"_ _0\"></span>7-<span class=\"ff5\">ter<span class=\"_ _1\"></span><span class=\"ff2\">, <span class=\"_ _5\"></span>comma <span class=\"_ _5\"></span>3 <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _5\"></span>R<span class=\"_ _0\"></span>egolame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2ef\">Emittenti con <span class=\"_ _0\"></span>cui BBPM <span class=\"_ _0\"></span>Vita,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>in d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>6 novembre 20<span class=\"_ _0\"></span>24, ha r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span> nota la <span class=\"_ _0\"></span>promozi<span class=\"_ _1\"></span>one d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019OPA BBPM </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2f0\">Vita <span class=\"_ _3\"></span>attraverso <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>deposito<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>presso <span class=\"_ _3\"></span>Consob <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>do<span class=\"_ _1\"></span>cumento <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>offerta, <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>Piani <span class=\"_ _3\"></span>devono <span class=\"_ _8\"></span>i<span class=\"_ _0\"></span>nte<span class=\"_ _1\"></span>ndersi <span class=\"_ _3\"></span>accelerati<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2f1\">con <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>inizione <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i matur<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>consegue<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>iscri<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>anticipata <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>costi <span class=\"_ _0\"></span>residuali <span class=\"_ _0\"></span>dei </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2f2\">Piani. </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs2f3\">Aspetti contabi<span class=\"_ _1\"></span>li </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2f4\">Ai <span class=\"_ _3\"></span>sensi del <span class=\"_ _3\"></span>prin<span class=\"_ _1\"></span>cipio <span class=\"_ _3\"></span>contabile i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ter<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>nale <span class=\"_ _3\"></span>IFR<span class=\"_ _0\"></span>S <span class=\"_ _8\"></span>2, <span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>Piani<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>considerarsi <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>pagamento <span class=\"_ _3\"></span>basato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2f5\">su <span class=\"_ _b\"></span>strumenti<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>rappresentat<span class=\"_ _1\"></span>ivi <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>capitale <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>fronte <span class=\"_ _0\"></span>della <span class=\"_ _b\"></span>prestazione<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>lavorativa <span class=\"_ _0\"></span>offerta <span class=\"_ _0\"></span>dal <span class=\"_ _b\"></span>Beneficiario<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2f6\">dur<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nte la durata di attuazione de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li stessi,<span class=\"_ _3\"></span> e <span class=\"_ _0\"></span>so<span class=\"_ _1\"></span>no da ritenersi <span class=\"ff5\">equity<span class=\"_ _3\"></span>-s<span class=\"_ _0\"></span>ettled<span class=\"ff2\"> (<span class=\"_ _3\"></span>sald<span class=\"_ _0\"></span>ato t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>amite azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni).<span class=\"_ _3\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2f7\">Pertanto, <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>\u2019i<span class=\"_ _1\"></span>mpresa <span class=\"_ _b\"></span>riceve <span class=\"_ _5\"></span>servizi <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>nd<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>cambio <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>strumenti <span class=\"_ _b\"></span>rappresentativi <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>capitale. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2f8\">Essendovi <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>ggetti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>impossibilit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>stim<span class=\"_ _0\"></span>are<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>il <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>ricevuti, <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _6\"></span>value <span class=\"_ _5\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Piani <span class=\"_ _6\"></span>\u00e8<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2fa\">stimato <span class=\"_ _f\"> </span>facend<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>riferiment<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>fair <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>alue, <span class=\"_ _6\"></span>alle <span class=\"_ _f\"> </span>rispettive <span class=\"_ _f\"> </span>date<span class=\"_ _3\"></span>  di<span class=\"_ _3\"></span>  a<span class=\"_ _1\"></span>ssegnazione <span class=\"_ _f\"> </span>(<span class=\"_ _1\"></span>\u201cGrant <span class=\"_ _6\"></span>D<span class=\"_ _0\"></span>ate\u201d),<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>degli </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2fb\">strumenti rapp<span class=\"_ _1\"></span>resentativi del capitale <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ell\u2019impresa <span class=\"_ _3\"></span>assegn<span class=\"_ _0\"></span>ati (<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> \u201c<span class=\"_ _1\"></span>Diritti\u201d). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2fc\">Conseguentemente,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>Grant Date, <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>Diritt<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>attribuiti <span class=\"_ _0\"></span>costituisc<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>specifi<span class=\"_ _1\"></span>ci <span class=\"_ _b\"></span>pia<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>in f<span class=\"_ _0\"></span>unzione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2fd\">del rispettivo fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue indivi<span class=\"_ _1\"></span>duato, con oppo<span class=\"_ _1\"></span>rtuna distinta <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>uantifi<span class=\"_ _1\"></span>cazione. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2fe\">Tale f<span class=\"_ _0\"></span>air value, <span class=\"_ _0\"></span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minato al momento <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll\u2019iscrizione iniziale, non <span class=\"_ _0\"></span>viene pi\u00f9 <span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>odificato: le v<span class=\"_ _0\"></span>ariazioni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs2ff\">successive  sono  determinate  unicamente  dall\u2019evoluzione  delle  condizio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i  di  maturazione  (vesting<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs300\">conditions). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs301\">Anima Holding si \u00e8 avvalsa di un <span class=\"_ _1\"></span>consulente esterno indipen<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ente per la stima<span class=\"_ _1\"></span> del fair value attrib<span class=\"_ _1\"></span>u<span class=\"_ _0\"></span>ito </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs302\">a <span class=\"_ _1\"></span>ciascuna Grant <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ate, <span class=\"_ _3\"></span>stima e<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>uata a<span class=\"_ _1\"></span>ttraverso metodi e <span class=\"_ _3\"></span>ipotesi i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nea con <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>norm<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ente <span class=\"_ _3\"></span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs303\">conformit\u00e0 alle p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>evisioni <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>all\u2019I<span class=\"_ _1\"></span>nternational Accounting Stan<span class=\"_ _1\"></span>dards Board ri<span class=\"_ _1\"></span>gu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rdo i \u201cpagamenti basati<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs304\">su azioni\u201d, secondo<span class=\"_ _1\"></span> quanto dispost<span class=\"_ _1\"></span>o dal principio <span class=\"_ _1\"></span>contabile IFRS 2. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs305\">Il <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>ciascuna <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span>le <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndizioni <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _5\"></span>Piani <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>eterminato <span class=\"_ _5\"></span>moltiplicando <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs306\">num<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o  dei  Di<span class=\"_ _0\"></span>ritt<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>che, <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>er  c<span class=\"_ _0\"></span>ias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una  condizione,  si <span class=\"_ _c\"> </span>prevede  diventeranno <span class=\"_ _c\"> </span>esi<span class=\"_ _1\"></span>gibili <span class=\"_ _c\"> </span>al  termine <span class=\"_ _c\"> </span>del<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs307\">periodo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>maturazione <span class=\"_ _6\"></span>stimato <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>assegnazione. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>stima <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>D<span class=\"_ _0\"></span>iritti <span class=\"_ _5\"></span>dipende <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lle <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>potesi<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs308\">riguardanti <span class=\"_ _0\"></span>il num<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o di <span class=\"_ _0\"></span>Beneficiari ch<span class=\"_ _0\"></span>e si <span class=\"_ _0\"></span>prevede siano <span class=\"_ _0\"></span>ancora in<span class=\"_ _0\"></span> servizio <span class=\"_ _0\"></span>al termine <span class=\"_ _0\"></span>di c<span class=\"_ _0\"></span>iasc<span class=\"_ _1\"></span>un <span class=\"_ _0\"></span>Ciclo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs309\">(<span class=\"ff5\">service <span class=\"_ _f\"> </span>condition</span>)<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>probabi<span class=\"_ _1\"></span>lit\u00e0 <span class=\"_ _f\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>soddisfacime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>ondiz<span class=\"_ _1\"></span>ioni <span class=\"_ _f\"> </span>non<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>mercat<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>(<span class=\"ff5\">performance </span></div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs30a\">condition<span class=\"ff2\">): per e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>trambe le ip<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>tesi, <span class=\"_ _1\"></span>la valutazione ef<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ettuata a cias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ant Date \u00e8 <span class=\"_ _1\"></span>stata del 100%<span class=\"_ _1\"></span> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs30b\">Il c<span class=\"_ _1\"></span>osto <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>condizioni <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei<span class=\"_ _1\"></span> Pian<span class=\"_ _3\"></span>i deve <span class=\"_ _3\"></span>essere all<span class=\"_ _3\"></span>ocato p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>oporzionalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>lungo i<span class=\"_ _3\"></span>l per<span class=\"_ _1\"></span>iodo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs30c\">di <span class=\"_ _16\"> </span>maturazione <span class=\"_ _16\"> </span>stimato. <span class=\"_ _16\"> </span>La <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levazione <span class=\"_ _16\"> </span>del <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>ost<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>v<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>eff<span class=\"_ _0\"></span>ettuata <span class=\"_ _c\"> </span>in <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>all\u2019entit\u00e0 <span class=\"_ _c\"> </span>con<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>qu<span class=\"_ _0\"></span>ale <span class=\"_ _c\"> </span>il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs30d\">Beneficiario intrattie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>orto di <span class=\"_ _1\"></span>lavoro o <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>orni<span class=\"_ _3\"></span>sc<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>la prestazione lav<span class=\"_ _1\"></span>orativa (attra<span class=\"_ _1\"></span>verso il<span class=\"_ _1\"></span> distacco </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs30e\">di <span class=\"_ _c\"> </span>pers<span class=\"_ _1\"></span>onale); <span class=\"_ _c\"> </span>per  essa, <span class=\"_ _c\"> </span>a  ogni  d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>di  r<span class=\"_ _0\"></span>ep<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rting,<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>la <span class=\"_ _c\"> </span>rile<span class=\"_ _1\"></span>vazione <span class=\"_ _c\"> </span>del  costo  di <span class=\"_ _c\"> </span>competenza  avviene </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs30f\">imputando <span class=\"_ _f\"></span>l\u2019am<span class=\"_ _1\"></span>montare <span class=\"_ _f\"></span>a <span class=\"_ _6\"></span>\u201c<span class=\"_ _0\"></span>Sp<span class=\"_ _1\"></span>ese <span class=\"_ _f\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _f\"> </span>personale\u201d <span class=\"_ _f\"> </span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>tr<span class=\"_ _1\"></span>opartita<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>Riserva <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>Patrimonio<span class=\"_ _3\"></span>  Netto<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs310\">\u201cAltri strumenti rapp<span class=\"_ _1\"></span>resentativi di patri<span class=\"_ _1\"></span>monio nett<span class=\"_ _1\"></span>o\u201d. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs311\">La <span class=\"_ _1f\"> </span>stima <span class=\"_ _15\"> </span>del <span class=\"_ _15\"> </span>numero <span class=\"_ _15\"> </span>dei <span class=\"_ _1f\"> </span>Diritti <span class=\"_ _1f\"> </span>che <span class=\"_ _15\"> </span>si <span class=\"_ _15\"> </span>ritiene <span class=\"_ _1f\"> </span>diventer\u00e0 <span class=\"_ _1f\"> </span>esigibile <span class=\"_ _1f\"> </span>all<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>sc<span class=\"_ _0\"></span>ade<span class=\"_ _1\"></span>nza <span class=\"_ _1f\"> </span>del <span class=\"_ _15\"> </span>periodo <span class=\"_ _15\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs312\">maturazione <span class=\"_ _0\"></span>va r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vista <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>ogni data <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ep<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>fin<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>scadenza del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iodo <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>maturazione, <span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uando </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs313\">diventa <span class=\"_ _0\"></span>definito <span class=\"_ _0\"></span>il n<span class=\"_ _0\"></span>umer<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ale dei <span class=\"_ _0\"></span>Diritti <span class=\"_ _0\"></span>maturati <span class=\"_ _0\"></span>dai <span class=\"_ _0\"></span>Beneficiari <span class=\"_ _0\"></span>(il <span class=\"_ _0\"></span>fai<span class=\"_ _1\"></span>r <span class=\"_ _0\"></span>value <span class=\"_ _0\"></span>invece <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>viene <span class=\"_ _0\"></span>mai </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs314\">rideterminato nell\u2019a<span class=\"_ _1\"></span>rco dei Piani). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs315\">In <span class=\"_ _b\"></span>caso <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ione <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>stima <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>iziale <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>umer<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>iritti, <span class=\"_ _0\"></span>la <span class=\"_ _b\"></span>variazione <span class=\"_ _b\"></span>avviene <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minand<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs316\">stima <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>umu<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ato <span class=\"_ _f\"> </span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>data <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>iscrive<span class=\"_ _1\"></span>ndone <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>e<span class=\"_ _1\"></span>ffetti <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>onto<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>economic<span class=\"_ _1\"></span>o, <span class=\"_ _f\"> </span>al <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>etto <span class=\"_ _6\"></span>del <span class=\"_ _f\"> </span>costo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs317\">cumulato iscritto ne<span class=\"_ _1\"></span>lle precedenti <span class=\"_ _1\"></span>date di reportin<span class=\"_ _1\"></span>g.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs318\">Si <span class=\"_ _1f\"> </span>preci<span class=\"_ _0\"></span>sa<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>che, <span class=\"_ _1f\"> </span>in <span class=\"_ _1f\"> </span>forza <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019applicazione<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _1f\"> </span>p<span class=\"_ _1\"></span>rincipio <span class=\"_ _1f\"> </span>IFRS <span class=\"_ _1f\"> </span>2, <span class=\"_ _1f\"> </span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>mancato <span class=\"_ _1f\"> </span>raggiungimento <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs319\">Condizioni di me<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cato n<span class=\"_ _1\"></span>on determina la ri-mis<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>razi<span class=\"_ _1\"></span>one del costo del Pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs31a\">Al termine del peri<span class=\"_ _1\"></span>odo di maturazio<span class=\"_ _1\"></span>ne si possono v<span class=\"_ _1\"></span>erificare le segue<span class=\"_ _1\"></span>nti situazioni:<span class=\"_ _1\"></span> </div><div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs31b\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">le <span class=\"_ _3\"></span>vesting c<span class=\"_ _3\"></span>ond<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span>on (se<span class=\"_ _3\"></span>rv<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ce e<span class=\"_ _3\"></span> performance <span class=\"_ _3\"></span>condition) <span class=\"_ _3\"></span>non s<span class=\"_ _1\"></span>ono, <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n t<span class=\"_ _3\"></span>utto o <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>parte, soddisfatte,<span class=\"_ _3\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs31c\">pertanto <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>costo <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>Diritti <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>asseg<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>\u00e8 r<span class=\"_ _0\"></span>ilevato<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>stornando <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Riser<span class=\"_ _1\"></span>va <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Patrimonio <span class=\"_ _0\"></span>Netto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs31d\">\u201cAltri  st<span class=\"_ _1\"></span>rumenti<span class=\"_ _1\"></span>  rapp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esentati<span class=\"_ _1\"></span>vi <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>  p<span class=\"_ _1\"></span>atrimonio <span class=\"_ _f\"></span>netto\u201d <span class=\"_ _f\"> </span>contro <span class=\"_ _f\"> </span>\u201cSpese <span class=\"_ _f\"> </span>per  i<span class=\"_ _3\"></span>l  perso<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ale\u201d<span class=\"_ _1\"></span>  p<span class=\"_ _1\"></span>er <span class=\"_ _f\"> </span>il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs31e\">mancato soddisfaciment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> della c<span class=\"_ _3\"></span>ond<span class=\"_ _0\"></span>izi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne;<span class=\"_ _3\"></span> </div><div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs31f\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">le <span class=\"_ _3\"></span>vesting condit<span class=\"_ _1\"></span>ion (se<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>vice <span class=\"_ _3\"></span>e performan<span class=\"_ _1\"></span>ce <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onditio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>) so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o, <span class=\"_ _3\"></span>in tutto <span class=\"_ _3\"></span>o in <span class=\"_ _1\"></span>parte, so<span class=\"_ _3\"></span>ddisfatte: al<span class=\"_ _1\"></span>la </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs320\">maturazione  definitiva  de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>  costo<span class=\"_ _1\"></span>  dei  Piani,  il  prin<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipio  c<span class=\"_ _1\"></span>ontabile  IFRS  2  no<span class=\"_ _1\"></span>n  d<span class=\"_ _0\"></span>etta<span class=\"_ _1\"></span>  i  criteri </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs321\">contabili <span class=\"_ _16\"> </span>per <span class=\"_ _1f\"> </span>questo <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>aso <span class=\"_ _16\"> </span>e, <span class=\"_ _1f\"> </span>pertanto, <span class=\"_ _16\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>Societ<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _1f\"> </span>ha <span class=\"_ _1f\"> </span>selezionato<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>quale <span class=\"_ _16\"> </span>criterio <span class=\"_ _1f\"> </span>quello <span class=\"_ _16\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs322\">effettuare una<span class=\"_ _3\"></span> r<span class=\"_ _0\"></span>iclass<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>fica <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>ise<span class=\"_ _1\"></span>rva di Pa<span class=\"_ _1\"></span>trimonio Nett<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>Altri st<span class=\"_ _3\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>nti rappresentati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs323\">patrimonio netto\u201d alla <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>oce \u201cAlt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e riser<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e\u201d. </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs324\">LTIP 21-23 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs325\">A <span class=\"_ _b\"></span>servizio <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Piano <span class=\"_ _b\"></span>Long<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Term <span class=\"_ _b\"></span>Incentive <span class=\"_ _b\"></span>2021-2023 <span class=\"_ _b\"></span>era <span class=\"_ _b\"></span>previsto <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>aumento <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>capitale <span class=\"_ _b\"></span>sociale <span class=\"_ _b\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs326\">titolo  g<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atuit<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>del<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span>  Societ\u00e0, <span class=\"_ _f\"> </span>fino <span class=\"_ _f\"> </span>ad <span class=\"_ _f\"> </span>un  massi<span class=\"_ _1\"></span>mo <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>2,85% <span class=\"_ _f\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>capitale <span class=\"_ _f\"> </span>sociale <span class=\"_ _f\"> </span>(pari  a<span class=\"_ _3\"></span>  u<span class=\"_ _1\"></span>n <span class=\"_ _f\"> </span>n<span class=\"_ _0\"></span>umer<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs327\">massimo  di <span class=\"_ _f\"> </span>10.506.120  A<span class=\"_ _1\"></span>zioni) <span class=\"_ _f\"> </span>alla  data <span class=\"_ _f\"> </span>di  appro<span class=\"_ _1\"></span>vazion<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>del  Pia<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>21-23.  A <span class=\"_ _f\"> </span>tale  s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>opo  e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>stata </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs328\">approvata <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>all\u2019Asse<span class=\"_ _3\"></span>mb<span class=\"_ _0\"></span>lea <span class=\"_ _e\"> </span>Straordinaria <span class=\"_ _e\"> </span>di <span class=\"_ _19\"> </span>Anima <span class=\"_ _e\"> </span>Ho<span class=\"_ _0\"></span>ldin<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>, <span class=\"_ _19\"> </span>nell\u2019aduna<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _e\"> </span>del <span class=\"_ _19\"> </span>31 <span class=\"_ _19\"> </span>marzo <span class=\"_ _19\"> </span>2021, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs329\">l\u2019attribuzione di una <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>lega <span class=\"_ _0\"></span>al<span class=\"_ _1\"></span> Consiglio di <span class=\"_ _0\"></span>A<span class=\"_ _1\"></span>mministrazione, ex art. 2<span class=\"_ _0\"></span>443<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Codice Civile, <span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>aumentare </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs32a\">gratuitamente <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _b\"></span>sociale, <span class=\"_ _5\"></span>in <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>pi\u00f9 <span class=\"_ _5\"></span>tranche, <span class=\"_ _b\"></span>a <span class=\"_ _5\"></span>norma <span class=\"_ _b\"></span>dell\u2019art. <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>349, <span class=\"_ _b\"></span>primo <span class=\"_ _b\"></span>comma, <span class=\"_ _5\"></span>Codice </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs32b\">Civile, <span class=\"_ _1\"></span>utilizzando <span class=\"_ _3\"></span>un <span class=\"_ _1\"></span>ammontare <span class=\"_ _3\"></span>corrispondente <span class=\"_ _3\"></span>agli <span class=\"_ _1\"></span>utili<span class=\"_ _1\"></span> e/o <span class=\"_ _3\"></span>riserve <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> uti<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>quali <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>sulta<span class=\"_ _1\"></span>nti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>bilancio </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs32d\">di <span class=\"_ _0\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>di volta <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>volta approvato, fino <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>un importo m<span class=\"_ _0\"></span>assi<span class=\"_ _3\"></span>mo<span class=\"_ _0\"></span> di <span class=\"_ _0\"></span>Euro 207.816,58. In<span class=\"_ _0\"></span> aggiunta <span class=\"_ _0\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs32e\">in <span class=\"_ _b\"></span>alte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>nati<span class=\"_ _1\"></span>va <span class=\"_ _0\"></span>anche <span class=\"_ _0\"></span>parziale <span class=\"_ _0\"></span>all'a<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>mento del <span class=\"_ _0\"></span>capitale <span class=\"_ _0\"></span>sociale, <span class=\"_ _0\"></span>Anima Ho<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ding <span class=\"_ _0\"></span>poteva<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>altres\u00ec <span class=\"_ _0\"></span>attribuire<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs32f\">ai Beneficiari azion<span class=\"_ _1\"></span>i proprie, detenute i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> po<span class=\"_ _1\"></span>rtafoglio dalla Societ\u00e0. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs330\">Il <span class=\"_ _f\"></span>Pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>21-23 <span class=\"_ _6\"></span>era <span class=\"_ _6\"></span>fin<span class=\"_ _0\"></span>alizza<span class=\"_ _1\"></span>to <span class=\"_ _6\"></span>a <span class=\"_ _f\"></span>(i)<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>mante<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ere<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _1\"></span>ocus <span class=\"_ _6\"></span>sul <span class=\"_ _f\"></span>c<span class=\"_ _1\"></span>onseguimento <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _6\"></span>obiettivi <span class=\"_ _6\"></span>strategici <span class=\"_ _6\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs331\">medio-lungo termi<span class=\"_ _1\"></span>ne del <span class=\"_ _0\"></span>G<span class=\"_ _3\"></span>ruppo, (<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>) rafforzare<span class=\"_ _1\"></span>, in un ori<span class=\"_ _0\"></span>zz<span class=\"_ _1\"></span>onte di lungo peri<span class=\"_ _1\"></span>odo, l'allineamento tra <span class=\"_ _1\"></span>gli </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs332\">interessi <span class=\"_ _c\"> </span>dei <span class=\"_ _c\"> </span>Beneficiari <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>quell<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>degli <span class=\"_ _c\"> </span>azionisti <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>degli <span class=\"_ _c\"> </span>stakeh<span class=\"_ _1\"></span>old<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>Grupp<span class=\"_ _1\"></span>o, <span class=\"_ _c\"> </span>(iii) <span class=\"_ _c\"> </span>sostenere <span class=\"_ _c\"> </span>la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs333\">creazione d<span class=\"_ _1\"></span>i val<span class=\"_ _1\"></span>ore e <span class=\"_ _3\"></span>la respo<span class=\"_ _1\"></span>nsabilit\u00e0 <span class=\"_ _1\"></span>sociale d<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>imp<span class=\"_ _3\"></span>resa nel <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ngo te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>mine <span class=\"_ _3\"></span>e (iv) <span class=\"_ _3\"></span>favorire l\u2019<span class=\"ff5\">attraction<span class=\"_ _1\"></span><span class=\"ff2\"> e <span class=\"_ _3\"></span>la </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs334\">fidelizzazione delle <span class=\"_ _1\"></span>\u201crisorse chia<span class=\"_ _1\"></span>ve\u201d per il conse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uimento delle<span class=\"_ _1\"></span> direttrici strategic<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e del Gruppo.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs335\">L\u2019esercizio <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>diritti <span class=\"_ _6\"></span>era <span class=\"_ _5\"></span>subordinat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giungimento <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nati <span class=\"_ _5\"></span>obi<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>ivi <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>performance <span class=\"_ _5\"></span>nel </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs336\">corso <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>tre <span class=\"_ _b\"></span>periodi <span class=\"_ _b\"></span>t<span class=\"_ _1\"></span>riennali <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>attuazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>21-23 <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>\u201c<span class=\"_ _1\"></span>Ciclo <span class=\"_ _b\"></span>21-23\u201d, <span class=\"_ _b\"></span>\u201cCicl<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>22-24\u201d <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>\u201cCiclo <span class=\"_ _0\"></span>23-<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs337\">25\u201d). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs338\">Si <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>invia <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>quan<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>illustrato <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _b\"></span>\u201cNota <span class=\"_ _6\"></span>integrativ<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>onso<span class=\"_ _1\"></span>lidata <span class=\"_ _6\"></span>\u2013 <span class=\"_ _5\"></span>Parte <span class=\"_ _6\"></span>A <span class=\"_ _6\"></span>- <span class=\"_ _6\"></span>Politic<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>contabili <span class=\"_ _5\"></span>\u2013 <span class=\"_ _6\"></span>A.2 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs339\">Parte <span class=\"_ _0\"></span>relativ<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>principal<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>voc<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>el bi<span class=\"_ _0\"></span>lan<span class=\"_ _1\"></span>cio <span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span> Long <span class=\"_ _0\"></span>Term<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>I<span class=\"_ _1\"></span>ncentive <span class=\"_ _0\"></span>Plan <span class=\"_ _0\"></span>(\u201cLTIP\u201d) <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>LTIP <span class=\"_ _0\"></span>2021-2023\u201d </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs33a\">del <span class=\"_ _15\"> </span>Bilancio <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>onso<span class=\"_ _1\"></span>lidato <span class=\"_ _1f\"> </span>al <span class=\"_ _15\"> </span>31 <span class=\"_ _1f\"> </span>dicembre <span class=\"_ _15\"> </span>2023 <span class=\"_ _16\"> </span>per <span class=\"_ _1f\"> </span>g<span class=\"_ _0\"></span>li <span class=\"_ _1f\"> </span>aspetti <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>ontabil<span class=\"_ _1\"></span>i <span class=\"_ _1f\"> </span>e <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>dettagli <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>ias<span class=\"_ _1\"></span>cuna </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs33b\">assegnazione dei D<span class=\"_ _1\"></span>iritti/riquantificazio<span class=\"_ _1\"></span>ni effettuat<span class=\"_ _3\"></span>e a tutto il 31 dicembre 20<span class=\"_ _1\"></span>23.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs33c\">Si seg<span class=\"_ _0\"></span>nala che <span class=\"_ _0\"></span>nel c<span class=\"_ _0\"></span>ors<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span> 2024 \u00e8 <span class=\"_ _0\"></span>stato <span class=\"_ _0\"></span>possibile effettuare la <span class=\"_ _0\"></span>verifica d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nitiva <span class=\"_ _0\"></span>del r<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giungi<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs33d\">di <span class=\"_ _1f\"> </span>alcune <span class=\"_ _16\"> </span>condizioni <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>esercizio <span class=\"_ _1f\"> </span>riferite <span class=\"_ _16\"> </span>al <span class=\"_ _1f\"> </span>Ciclo <span class=\"_ _16\"> </span>21-23 <span class=\"_ _1f\"> </span>che <span class=\"_ _16\"> </span>alla <span class=\"_ _1f\"> </span>data <span class=\"_ _16\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>edazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>B<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>lancio </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs33e\">Consolidato <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>31 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _e\"> </span>2023 <span class=\"_ _e\"> </span>risultavano <span class=\"_ _d\"> </span>anc<span class=\"_ _0\"></span>ora <span class=\"_ _d\"> </span>q<span class=\"_ _0\"></span>ua<span class=\"_ _1\"></span>ntificate <span class=\"_ _e\"> </span>in <span class=\"_ _19\"> </span>modalit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>provvisoria. <span class=\"_ _e\"> </span>In </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs33f\">particolare:  </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs340\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">la <span class=\"_ _b\"></span>condizione <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>mercato <span class=\"_ _0\"></span>LRN <span class=\"_ _b\"></span>gestioni <span class=\"_ _b\"></span>patrimo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>iali, <span class=\"_ _0\"></span>definita <span class=\"_ _b\"></span>sulla <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _0\"></span>dei <span class=\"_ _b\"></span>dati <span class=\"_ _0\"></span>contenuti </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs341\">nella <span class=\"_ _e\"> </span>Mappa <span class=\"_ _d\"> </span>tri<span class=\"_ _0\"></span>mestrale <span class=\"_ _e\"> </span>Ass<span class=\"_ _1\"></span>ogestioni <span class=\"_ _d\"> </span>del <span class=\"_ _19\"> </span>IV\u00b0 <span class=\"_ _e\"> </span>trimestre <span class=\"_ _e\"> </span>2023, <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _e\"> </span>risultata <span class=\"_ _e\"> </span>parzialmente<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs342\">soddisfatta <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>comportato <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>percentuale <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>asse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nazione <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>Diritti <span class=\"_ _3\"></span>esercitabili <span class=\"_ _3\"></span>del 1<span class=\"_ _3\"></span>4,<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>1% </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs343\">(precedente <span class=\"_ _b\"></span>valorizzazione <span class=\"_ _b\"></span>stimata <span class=\"_ _b\"></span>contenuta<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>nel <span class=\"_ _b\"></span>Bilancio <span class=\"_ _b\"></span>Consolidato <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>31 <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cembre <span class=\"_ _b\"></span>2023 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs344\">pari al 15,21%); </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs345\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">la <span class=\"_ _f\"> </span>condizione <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>mercato <span class=\"_ _f\"> </span>LRN <span class=\"_ _f\"> </span>gestioni <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ollettive, <span class=\"_ _f\"> </span>anch\u2019essa <span class=\"_ _f\"></span>defin<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ta <span class=\"_ _6\"></span>su<span class=\"_ _0\"></span>lla <span class=\"_ _f\"> </span>base <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>dati<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs346\">contenuti nella Map<span class=\"_ _1\"></span>pa trimestrale Asso<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>estioni <span class=\"_ _1\"></span>del IV\u00b0 trimestre 20<span class=\"_ _1\"></span>23, \u00e8 risultata conferma<span class=\"_ _1\"></span>ta </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs347\">com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> non<span class=\"_ _0\"></span> s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ddis<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>atta<span class=\"_ _1\"></span>, con conseguente man<span class=\"_ _1\"></span>cata assegnazione dei <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>iritti eser<span class=\"_ _1\"></span>citabili. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs348\">In <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>28 <span class=\"_ _0\"></span>marzo <span class=\"_ _0\"></span>2024, con <span class=\"_ _0\"></span>l\u2019approvazione del <span class=\"_ _0\"></span>Bilancio <span class=\"_ _0\"></span>d\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>So<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _0\"></span>al 3<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dicembre <span class=\"_ _0\"></span>2023 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs349\">da <span class=\"_ _f\"> </span>parte <span class=\"_ _f\"> </span>dell\u2019Assem<span class=\"_ _1\"></span>blea, <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>concluso <span class=\"_ _f\"> </span>il<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>Periodo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>Matu<span class=\"_ _1\"></span>razione <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>Ci<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>lo <span class=\"_ _f\"> </span>21-23 <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>con<span class=\"_ _1\"></span>seguente </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs34a\">cessazione d<span class=\"_ _0\"></span>ella r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione d<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>su<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>costi nel <span class=\"_ _0\"></span>Conto <span class=\"_ _0\"></span>Economico <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Gruppo<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>determinazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>di n<span class=\"_ _0\"></span>\u00b0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs34b\">1.760.051 <span class=\"_ _3\"></span>Diritti <span class=\"_ _3\"></span>esercitabili <span class=\"_ _3\"></span>dai <span class=\"_ _3\"></span>Benefi<span class=\"_ _1\"></span>ciari, <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>complessivamente <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>53,48% <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>Diritti <span class=\"_ _3\"></span>disponibili <span class=\"_ _3\"></span>del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs34c\">Ciclo  2<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>-2<span class=\"_ _1\"></span>3. <span class=\"_ _f\"> </span>Successivamente, <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>data <span class=\"_ _f\"> </span>4 <span class=\"_ _f\"> </span>aprile <span class=\"_ _f\"> </span>2024,  s<span class=\"_ _3\"></span>ono  st<span class=\"_ _1\"></span>ate <span class=\"_ _f\"> </span>esercitate <span class=\"_ _f\"> </span>dai <span class=\"_ _f\"> </span>Beneficiari <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>Diritti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs34d\">relativi <span class=\"_ _5\"></span>al <span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>clo <span class=\"_ _6\"></span>21-23, <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _5\"></span>conseguente <span class=\"_ _5\"></span>assegnazione <span class=\"_ _6\"></span>gratuita <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>n\u00b0 <span class=\"_ _6\"></span>1.760.051 <span class=\"_ _6\"></span>azioni <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>Societ\u00e0, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs34e\">attraverso l\u2019utilizz<span class=\"_ _1\"></span>o di azioni proprie <span class=\"_ _1\"></span>detenute nel portafoglio<span class=\"_ _1\"></span> dalla stessa. <span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs34f\">Inoltre, <span class=\"_ _b\"></span>nel <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>orso <span class=\"_ _b\"></span>dell\u2019esercizio, <span class=\"_ _b\"></span>sono <span class=\"_ _5\"></span>state <span class=\"_ _b\"></span>effettu<span class=\"_ _3\"></span>ate <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>riquantificazioni <span class=\"_ _b\"></span>dei <span class=\"_ _5\"></span>Diritti <span class=\"_ _b\"></span>esercitabili <span class=\"_ _5\"></span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs350\">seguito <span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ll\u2019uscita <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>taluni <span class=\"_ _5\"></span>Beneficia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>che, <span class=\"_ _6\"></span>ai <span class=\"_ _5\"></span>sensi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>Regolament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>del <span class=\"_ _6\"></span>Piano <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>1-23,<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ha </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs351\">com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>tato<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>il <span class=\"_ _f\"> </span>dec<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ime<span class=\"_ _1\"></span>nto  totale  o  parziale <span class=\"_ _f\"> </span>del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>a  f<span class=\"_ _0\"></span>acolt\u00e0  d\u2019e<span class=\"_ _1\"></span>sercizio  dei  Diritti<span class=\"_ _1\"></span>  precedentemente<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs352\">attribuiti <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>Grant Date <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5/<span class=\"_ _1\"></span>05/2021 <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>misura pari <span class=\"_ _b\"></span>allo <span class=\"_ _0\"></span>0,15%<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>Diritti <span class=\"_ _0\"></span>totali <span class=\"_ _0\"></span>riferiti <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Ciclo 22<span class=\"_ _0\"></span>-<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs353\">24 <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>allo <span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>,58% d<span class=\"_ _0\"></span>ei Diritti <span class=\"_ _0\"></span>totali r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>eriti al <span class=\"_ _0\"></span>Ciclo 2<span class=\"_ _0\"></span>3-25 <span class=\"_ _0\"></span>e (ii)<span class=\"_ _0\"></span> alla <span class=\"_ _0\"></span>Grant Date <span class=\"_ _0\"></span>20/04/<span class=\"_ _1\"></span>2023 <span class=\"_ _0\"></span>in m<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ra <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ri </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs354\">allo 0,24% dei Di<span class=\"_ _1\"></span>ritti totali riferiti a<span class=\"_ _1\"></span>l Ciclo 23-25. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs355\">Si r<span class=\"_ _0\"></span>icorda ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> data <span class=\"_ _0\"></span>7 <span class=\"_ _0\"></span>maggi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>24, <span class=\"_ _0\"></span>\u00e8 stato <span class=\"_ _0\"></span>assegnato un <span class=\"_ _0\"></span>ulteriore 0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>5% d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> Diritti <span class=\"_ _0\"></span>totali (riferiti <span class=\"_ _0\"></span>al </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs356\">Ciclo <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>3-<span class=\"_ _1\"></span>25) <span class=\"_ _f\"> </span>a <span class=\"_ _5\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Ben<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ciari <span class=\"_ _f\"></span>(d<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>cui <span class=\"_ _5\"></span>n\u00b0 <span class=\"_ _f\"> </span>3 <span class=\"_ _f\"> </span>Be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>eficia<span class=\"_ _1\"></span>ri <span class=\"_ _f\"> </span>gi\u00e0 <span class=\"_ _6\"></span>selezionati <span class=\"_ _6\"></span>alla <span class=\"_ _f\"> </span>data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>assegnazione <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _5\"></span>25 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs357\">maggio <span class=\"_ _0\"></span>2021) <span class=\"_ _0\"></span>individuati <span class=\"_ _0\"></span>dall\u2019Amministrato<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>ele<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ato <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _0\"></span>Holding <span class=\"_ _0\"></span>(\u201cGrant <span class=\"_ _0\"></span>Date <span class=\"_ _0\"></span>7/05/2024\u201d);<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs358\">si evidenziano qui di <span class=\"_ _3\"></span>segui<span class=\"_ _0\"></span>to <span class=\"_ _1\"></span>i valori di fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue co<span class=\"_ _1\"></span>rrelati: </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs359\">(i)<span class=\"ff4 fs5\"> <span class=\"_ _172\"> </span></span>alle Condizioni no<span class=\"_ _1\"></span>n di mercato - pari a <span class=\"_ _1\"></span>Euro 4,24,  </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs35a\">(ii)<span class=\"ff4 fs5\"> <span class=\"_ _173\"> </span></span>alla Condizione di me<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cato TRS It<span class=\"_ _1\"></span>alia - pari a Euro<span class=\"_ _1\"></span> 1,55 e  </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs35b\">(iii)<span class=\"ff4 fs5\"> <span class=\"_ _6f\"> </span></span>alla Condizione di me<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>ato T<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>S E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ropa<span class=\"_ _1\"></span> - pari ad Eur<span class=\"_ _1\"></span>o 3,42. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs35c\">Il <span class=\"_ _6\"></span>costo <span class=\"_ _5\"></span>complessivo <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>der<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vante <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>dei <span class=\"_ _5\"></span>Diritti <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>Ciclo <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>3-25, <span class=\"_ _6\"></span>asse<span class=\"_ _1\"></span>gn<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>7<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs35d\">maggio 2024, \u00e8 sta<span class=\"_ _1\"></span>to pari a circa Eu<span class=\"_ _1\"></span>ro 0,28 milioni.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs35e\">Alla data di asse<span class=\"_ _1\"></span>gnazione, ai fini della <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontabi<span class=\"_ _1\"></span>lizzazione del cost<span class=\"_ _1\"></span>o in bilancio, il Peri<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>do di M<span class=\"_ _1\"></span>atur<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs35f\">stimato era <span class=\"_ _3\"></span>stato di <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>3 <span class=\"_ _3\"></span>mesi per <span class=\"_ _1\"></span>i D<span class=\"_ _1\"></span>iritti a<span class=\"_ _1\"></span>ssegnati <span class=\"_ _1\"></span>del <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>iclo <span class=\"_ _3\"></span>23<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>25, dal <span class=\"_ _3\"></span>1\u00b0 giugn<span class=\"_ _1\"></span>o 2024 a<span class=\"_ _1\"></span>l 3<span class=\"_ _1\"></span>0 ap<span class=\"_ _1\"></span>rile 2026 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs360\">(data <span class=\"_ _b\"></span>ipo<span class=\"_ _0\"></span>tizza<span class=\"_ _1\"></span>ta <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>approvazione <span class=\"_ _b\"></span>da <span class=\"_ _5\"></span>parte <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019Assemblea <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>Anima <span class=\"_ _b\"></span>Holding <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ilanci<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>chiuso <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>31 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs361\">dicembre 2025).<span class=\"_ _4a1\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs363\">Alla d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>rife<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imento del <span class=\"_ _0\"></span>prese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te Bil<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ncio<span class=\"_ _0\"></span> risult<span class=\"_ _1\"></span>ano <span class=\"_ _0\"></span>pertant<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>assegnati complessivame<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>il 100% </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs364\">dei Diritti totali dispo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ibili<span class=\"_ _1\"></span> previsti dal Pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 21-23.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs365\">Come <span class=\"_ _c\"> </span>previsto <span class=\"_ _c\"> </span>dal <span class=\"_ _c\"> </span>Regolamento <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>Piano <span class=\"_ _c\"> </span>21-23 <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>conseguenza <span class=\"_ _c\"> </span>dell\u2019ann<span class=\"_ _1\"></span>uncio <span class=\"_ _c\"> </span>riguardante <span class=\"_ _c\"> </span>la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs366\">promozione <span class=\"_ _3\"></span>dell\u2019OPA <span class=\"_ _3\"></span>BBPM <span class=\"_ _3\"></span>Vita <span class=\"_ _3\"></span>(considerato<span class=\"_ _1\"></span>, <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>\u2019altro, <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>corrispettivo <span class=\"_ _3\"></span>offerto <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>integra <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>premi<span class=\"_ _1\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs367\">superiore <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>30% s<span class=\"_ _3\"></span>ul p<span class=\"_ _1\"></span>rezzo <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>azioni <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>Societ\u00e0 <span class=\"_ _3\"></span>registrato <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>1\u00b0 <span class=\"_ _3\"></span>gennaio <span class=\"_ _3\"></span>2021), <span class=\"_ _3\"></span>si <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _3\"></span>resa <span class=\"_ _3\"></span>necessaria<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs368\">la  verifica  al  31  di<span class=\"_ _1\"></span>cembre  2024  di  taluni  pote<span class=\"_ _1\"></span>nziali  meccanismi<span class=\"_ _1\"></span>  di  riduzione  <span class=\"ff5\">pro-rata  tem<span class=\"_ _1\"></span>poris  <span class=\"ff2\">del </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs369\">num<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>attribui<span class=\"_ _1\"></span>bili <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>Beneficiari <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>taluni <span class=\"_ _0\"></span>potenziali <span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giustamenti <span class=\"_ _0\"></span>riguarda<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti g<span class=\"_ _0\"></span>li obiettivi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs36a\">di performance, dalla q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ale \u00e8 stato<span class=\"_ _3\"></span> possibile determ<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nare che:<span class=\"_ _3\"></span> </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs36b\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _0\"></span>numero <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ribuibili <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>Bene<span class=\"_ _1\"></span>ficiari <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>corrispondenza <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>Diritti<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>assegnati n<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>sub<span class=\"_ _1\"></span>ir\u00e0 </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs36c\">riduzioni <span class=\"ff5\">pro-rata temporis </span>e<span class=\"_ _3\"></span> </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs36d\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">gli <span class=\"_ _b\"></span>obiettivi <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>performan<span class=\"_ _1\"></span>ce <span class=\"_ _b\"></span>si <span class=\"_ _b\"></span>considereran<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _3\"></span>giu<span class=\"_ _0\"></span>nti <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>livello <span class=\"_ _b\"></span>target <span class=\"_ _0\"></span>senza <span class=\"_ _b\"></span>app<span class=\"_ _1\"></span>licazione <span class=\"_ _b\"></span>di </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs36e\">aggiustamenti. <span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs36f\">Pertanto, i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>numero di <span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i attribuibili<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>rife<span class=\"_ _1\"></span>rite <span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>residu<span class=\"_ _1\"></span>i Ci<span class=\"_ _0\"></span>clo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>22-24 e C<span class=\"_ _0\"></span>icl<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>23-25 \u00e8 pari <span class=\"_ _0\"></span>al 100%<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dei </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs370\">Diritti <span class=\"_ _c\"> </span>asse<span class=\"_ _3\"></span>gn<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>a  ciascun <span class=\"_ _c\"> </span>Be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>iciario,  fatta <span class=\"_ _c\"> </span>sal<span class=\"_ _3\"></span>va <span class=\"_ _c\"> </span>la  Condizione  di  Permanenza,  per <span class=\"_ _c\"> </span>u<span class=\"_ _1\"></span>n  n<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>mero </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs371\">com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssivo <span class=\"_ _0\"></span>di 7.<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>90.275 <span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _0\"></span>Societ\u00e0; <span class=\"_ _0\"></span>tal<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>sono assegnate <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>raver<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> l\u2019utilizzo <span class=\"_ _0\"></span>di azioni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs372\">proprie <span class=\"_ _1f\"> </span>detenute <span class=\"_ _16\"> </span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>por<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>foglio <span class=\"_ _1f\"> </span>da <span class=\"_ _15\"> </span>Anima <span class=\"_ _1f\"> </span>Holding.<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>Si <span class=\"_ _15\"> </span>informa <span class=\"_ _16\"> </span>che, <span class=\"_ _1f\"> </span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ifi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ate <span class=\"_ _1f\"> </span>le <span class=\"_ _16\"> </span>Con<span class=\"_ _0\"></span>diz<span class=\"_ _1\"></span>ioni <span class=\"_ _1f\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs373\">Permanenza di cias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>un Beneficia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io, s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no state a<span class=\"_ _1\"></span>ttribuite tali az<span class=\"_ _1\"></span>ioni.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs374\">Per qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nto<span class=\"_ _0\"></span> s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>pra, il valore comples<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>v<span class=\"_ _1\"></span>o del <span class=\"_ _0\"></span>P<span class=\"_ _3\"></span>ian<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>21-23 per il Gruppo, interamente <span class=\"_ _1\"></span>contabilizzato per </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs375\">la parte residuale <span class=\"_ _1\"></span>nell\u2019esercizio, viene<span class=\"_ _1\"></span> qui di seguit<span class=\"_ _3\"></span>o rappresentato (dati in unit\u00e0 d<span class=\"_ _1\"></span>i Euro):<span class=\"_ _1\"></span> </div><div class=\"gs376\"><table class=\"s w290 h357\" id=\"_255aa267-d636-4384-96a6-4c8fd597f2d1\"><tr><td></td><td></td><td class=\"t m12 x371 h66 y17b4 ff3 fs22 fc1 sc0 ls0 ws0\">Co<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span> per <span class=\"_ _1\"></span>il Gru<span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"t m12 x372 h66 y17b5 ff3 fs22 fc1 sc0 ls0 ws0\">Per<span class=\"_ _3\"></span>io<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>di rifer<span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></td><td class=\"c n x373 y17b7 w291 h358\"><div class=\"t m12 x17f h66 y17b6 ff3 fs22 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>/12<span class=\"_ _0\"></span>/2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x374 y17b7 w291 h358\"><div class=\"t m12 x17f h66 y17b6 ff3 fs22 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>/1<span class=\"_ _0\"></span>2/2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x375 y17b9 w292 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>iclo 21<span class=\"_ _0\"></span>-23<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x376 y17b9 w293 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _0\"></span>34.73<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x377 y17b9 w294 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">7.20<span class=\"_ _0\"></span>9.21<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x375 y17ba w292 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>iclo 22<span class=\"_ _0\"></span>-24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x378 y17ba w295 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">10.<span class=\"_ _0\"></span>090<span class=\"_ _0\"></span>.03<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x379 y17ba w296 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>0.136<span class=\"_ _0\"></span>.02<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x375 y17bb w292 h35a\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>iclo 23<span class=\"_ _0\"></span>-25<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x378 y17bb w295 h35a\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">11.<span class=\"_ _0\"></span>017<span class=\"_ _0\"></span>.94<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x379 y17bb w296 h35a\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>0.982<span class=\"_ _0\"></span>.67<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x37a y16d8 w297 h34e\"><div class=\"t m12 x17f h66 y17bc ff3 fs22 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tale Eu<span class=\"_ _0\"></span>ro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x37b y16d8 w298 h34e\"><div class=\"t m12 x17f h66 y17bc ff3 fs22 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>.242<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x37c y16d8 w299 h34e\"><div class=\"t m12 x17f h66 y17bc ff3 fs22 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>8.327<span class=\"_ _0\"></span>.925<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs377\">Nel <span class=\"_ _6\"></span>presente <span class=\"_ _5\"></span>Bilancio <span class=\"_ _5\"></span>consolidato <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>iscritto <span class=\"_ _6\"></span>nel <span class=\"_ _5\"></span>conto <span class=\"_ _6\"></span>econo<span class=\"_ _1\"></span>mico <span class=\"_ _5\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>importo <span class=\"_ _6\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>Euro <span class=\"_ _5\"></span>10,5 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs378\">milioni, <span class=\"_ _0\"></span>derivante (<span class=\"_ _0\"></span>a) <span class=\"_ _0\"></span>da<span class=\"_ _1\"></span>lla <span class=\"_ _0\"></span>componente <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>odo<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>riferita <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Piano <span class=\"_ _0\"></span>21-23<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>(piano <span class=\"_ _0\"></span>originale <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>assenza<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs379\">dell\u2019OPA) <span class=\"_ _16\"> </span>per <span class=\"_ _c\"> </span>u<span class=\"_ _0\"></span>n <span class=\"_ _16\"> </span>import<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>di <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>irca <span class=\"_ _16\"> </span>Euro <span class=\"_ _16\"> </span>6 <span class=\"_ _c\"> </span>mil<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _c\"> </span>(ten<span class=\"_ _0\"></span>uto <span class=\"_ _c\"> </span>an<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _16\"> </span>conto <span class=\"_ _16\"> </span>(i) <span class=\"_ _16\"> </span>delle <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>iquanti<span class=\"_ _1\"></span>ficazioni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs37a\">effettuate <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>orso <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ell\u2019ese<span class=\"_ _1\"></span>rcizio <span class=\"_ _6\"></span>per <span class=\"_ _f\"> </span>effetto <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ell\u2019uscita<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>taluni <span class=\"_ _6\"></span>Ben<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>iciari <span class=\"_ _5\"></span>dal <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>(ii) <span class=\"_ _6\"></span>della </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs37b\">verifica <span class=\"_ _f\"> </span>definiti<span class=\"_ _1\"></span>va <span class=\"_ _f\"> </span>delle <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ondiz<span class=\"_ _1\"></span>ioni <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>eser<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>izio <span class=\"_ _f\"> </span>de<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>Diritti <span class=\"_ _f\"> </span>esercitabi<span class=\"_ _1\"></span>li <span class=\"_ _f\"> </span>del <span class=\"_ _f\"></span>Cicl<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>21-23), <span class=\"_ _f\"> </span>oltre <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>b) <span class=\"_ _6\"></span>all<span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs37c\">com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _1b\"> </span>di <span class=\"_ _17\"> </span>costo<span class=\"_ _1\"></span> <span class=\"_ _17\"> </span>anticipata <span class=\"_ _1b\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iva<span class=\"_ _1\"></span>nte <span class=\"_ _17\"> </span>dalla<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>definizione <span class=\"_ _1b\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>per<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>do <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>maturazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _17\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs37d\">l\u2019accelerazione <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Piano <span class=\"_ _6\"></span>21-23, <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>conseguenza <span class=\"_ _6\"></span>dell\u2019annuncio <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>iguar<span class=\"_ _1\"></span>dante <span class=\"_ _f\"> </span>la <span class=\"_ _6\"></span>promozione <span class=\"_ _6\"></span>dell\u2019OPA </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs37e\">BBPM Vita, per un impo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to di <span class=\"_ _1\"></span>circa Euro 4,6 mi<span class=\"_ _1\"></span>lioni. </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs37f\">LTIP 24-26 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs380\">Il <span class=\"_ _f\"> </span>Piano <span class=\"_ _f\"> </span>Long  T<span class=\"_ _1\"></span>erm <span class=\"_ _f\"> </span>Incentive <span class=\"_ _f\"> </span>202<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>-2026 <span class=\"_ _f\"> </span>preve<span class=\"_ _1\"></span>de <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>azioni <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>servizio <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>Piano <span class=\"_ _f\"> </span>derivino <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>alla </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs381\">cessione <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>azioni <span class=\"_ _b\"></span>proprie <span class=\"_ _b\"></span>detenute <span class=\"_ _5\"></span>in <span class=\"_ _b\"></span>portafoglio <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _5\"></span>rispetto <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rmativa <span class=\"_ _5\"></span>\u2013 <span class=\"_ _b\"></span>anche </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs382\">regolamentare <span class=\"_ _b\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>vigore <span class=\"_ _b\"></span>o,<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>aggiunta <span class=\"_ _b\"></span>o <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>alternativa <span class=\"_ _b\"></span>anche <span class=\"_ _5\"></span>parziale, <span class=\"_ _b\"></span>da <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>aumento <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>capitale </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs383\">sociale <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>titolo <span class=\"_ _b\"></span>gratuito <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>servizio <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Piano, <span class=\"_ _b\"></span>fino <span class=\"_ _b\"></span>ad <span class=\"_ _b\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>mass<span class=\"_ _1\"></span>imo <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _b\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>50% <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>capitale </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs384\">sociale <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span>uale <span class=\"_ _f\"> </span>alla<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>approv<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>Piano <span class=\"_ _f\"> </span>2<span class=\"_ _1\"></span>4-26), <span class=\"_ _6\"></span>mediante <span class=\"_ _6\"></span>emissione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>massime <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs385\">11.521.711 <span class=\"_ _3\"></span>azioni <span class=\"_ _3\"></span>ordinarie <span class=\"_ _3\"></span>senza <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>nominale, <span class=\"_ _3\"></span>utilizzando <span class=\"_ _3\"></span>un <span class=\"_ _1\"></span>ammonta<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>rispondente <span class=\"_ _3\"></span>agli <span class=\"_ _3\"></span>utili </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs386\">e/o rise<span class=\"_ _1\"></span>rve di <span class=\"_ _3\"></span>utili q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali <span class=\"_ _3\"></span>risultanti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>bilancio di <span class=\"_ _3\"></span>esercizio <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>volta <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>volta a<span class=\"_ _3\"></span>ppro<span class=\"_ _0\"></span>vat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>fino ad <span class=\"_ _3\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>importo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs387\">massimo <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>Euro <span class=\"_ _c\"> </span>255.213,33. <span class=\"_ _c\"> </span>A <span class=\"_ _c\"> </span>tale <span class=\"_ _c\"> </span>scopo <span class=\"_ _c\"> </span>\u00e8 <span class=\"_ _c\"> </span>stata <span class=\"_ _c\"> </span>ap<span class=\"_ _1\"></span>prov<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>dall\u2019Assemblea <span class=\"_ _c\"> </span>Straordinaria <span class=\"_ _c\"> </span>della </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs388\">Societ\u00e0, nell\u2019adunanza del 2<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>zo 2024, l\u2019attribu<span class=\"_ _1\"></span>zione d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dele<span class=\"_ _1\"></span>ga <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Consiglio di <span class=\"_ _0\"></span>Am<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>nistrazi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>ex </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs389\">art. <span class=\"_ _b\"></span>2443 <span class=\"_ _b\"></span>Codice <span class=\"_ _0\"></span>civile, <span class=\"_ _b\"></span>ad <span class=\"_ _b\"></span>a<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>ntare <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ratuitamen<span class=\"_ _3\"></span>te <span class=\"_ _b\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>capitale <span class=\"_ _b\"></span>sociale, <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>o <span class=\"_ _0\"></span>pi\u00f9 <span class=\"_ _b\"></span>t<span class=\"ff5\">ranche</span>, <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>norm<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs38a\">dell\u2019art. 2349, primo<span class=\"_ _1\"></span> comma, Codice <span class=\"_ _1\"></span>Civile. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs38b\">Il Pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>24-26 \u00e8<span class=\"_ _3\"></span> finalizzato<span class=\"_ _3\"></span> a (i<span class=\"_ _3\"></span>) mantene<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>focus s<span class=\"_ _3\"></span>ul conse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>degli <span class=\"_ _3\"></span>obiettivi <span class=\"_ _3\"></span>strategici a<span class=\"_ _1\"></span> me<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>-<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs38c\">lungo <span class=\"_ _c\"> </span>termine  del <span class=\"_ _c\"> </span>Grupp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, <span class=\"_ _c\"> </span>(i<span class=\"_ _1\"></span>i) <span class=\"_ _c\"> </span>ra<span class=\"_ _1\"></span>fforzare, <span class=\"_ _c\"> </span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>  un <span class=\"_ _c\"> </span>ori<span class=\"_ _0\"></span>zz<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>te  di <span class=\"_ _c\"> </span>lung<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>period<span class=\"_ _1\"></span>o, <span class=\"_ _c\"> </span>l'allineament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  tr<span class=\"_ _0\"></span>a  gli </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs38d\">interessi <span class=\"_ _c\"> </span>dei <span class=\"_ _c\"> </span>Beneficiari <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>quell<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>degli <span class=\"_ _c\"> </span>azionisti <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>degli <span class=\"_ _c\"> </span>stakeh<span class=\"_ _1\"></span>old<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>Grupp<span class=\"_ _1\"></span>o, <span class=\"_ _c\"> </span>(iii) <span class=\"_ _c\"> </span>sostenere <span class=\"_ _c\"> </span>la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs38e\">creazione d<span class=\"_ _1\"></span>i val<span class=\"_ _1\"></span>ore e <span class=\"_ _3\"></span>la respo<span class=\"_ _1\"></span>nsabilit\u00e0 <span class=\"_ _1\"></span>sociale d<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>imp<span class=\"_ _3\"></span>resa nel <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ngo te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>mine <span class=\"_ _3\"></span>e (iv) <span class=\"_ _3\"></span>favorire l\u2019<span class=\"ff5\">attraction<span class=\"_ _1\"></span><span class=\"ff2\"> e <span class=\"_ _3\"></span>la </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs38f\">fidelizzazione delle <span class=\"_ _1\"></span>\u201crisorse chia<span class=\"_ _1\"></span>ve\u201d per il conse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uimento delle<span class=\"_ _1\"></span> direttrici strategic<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e del Gruppo.<span class=\"_ _4a1\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs391\">Il Piano \u00e8 rivolto:<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs392\">(i) all'Amministrato<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e Delegato e<span class=\"_ _3\"></span> D<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rettore Generale della So<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0,<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs393\">(ii) ai due Diri<span class=\"_ _1\"></span>genti con Responsabil<span class=\"_ _1\"></span>it\u00e0 Strategiche, <span class=\"_ _3\"></span>e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs394\">(iii) a<span class=\"_ _1\"></span> selezi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>ate <span class=\"_ _3\"></span>risorse <span class=\"_ _3\"></span>chiave i<span class=\"_ _3\"></span>ndividuate t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>i dip<span class=\"_ _3\"></span>enden<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Societ\u00e0 <span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _3\"></span>controllate <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs395\">svolgono funzioni o r<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>oli rileva<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti all<span class=\"_ _1\"></span>'interno del Gr<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ppo.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs396\">Il LTIP <span class=\"_ _3\"></span>24<span class=\"_ _0\"></span>-26 <span class=\"_ _3\"></span>prev<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>asse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nazio<span class=\"_ _1\"></span>ne di d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>itti che <span class=\"_ _3\"></span>consentiranno a<span class=\"_ _1\"></span>i Bene<span class=\"_ _1\"></span>ficiari di <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>tto<span class=\"_ _1\"></span>scrivere a<span class=\"_ _1\"></span> titol<span class=\"_ _1\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs397\">gratuito <span class=\"_ _5\"></span>azioni <span class=\"_ _5\"></span>ordinarie <span class=\"_ _6\"></span>A<span class=\"_ _1\"></span>nima <span class=\"_ _5\"></span>Holding. <span class=\"_ _5\"></span>L\u2019esercizi<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>dei <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>iritti <span class=\"_ _5\"></span>era <span class=\"_ _5\"></span>subordinato <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>raggiungimento <span class=\"_ _5\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs398\">determinati <span class=\"_ _b\"></span>obiettivi <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>performa<span class=\"_ _1\"></span>nce <span class=\"_ _5\"></span>nel <span class=\"_ _b\"></span>corso <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>tre <span class=\"_ _b\"></span>periodi <span class=\"_ _5\"></span>triennali <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>attuazione <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>Piano <span class=\"_ _b\"></span>24<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>26 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs399\">(\u201cCiclo 24-26\u201d, \u201cCic<span class=\"_ _1\"></span>lo 25-27\u201d e \u201cCiclo <span class=\"_ _1\"></span>26-28\u201d). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs39a\">Gli obiettivi di per<span class=\"_ _1\"></span>formance indiv<span class=\"_ _1\"></span>idu<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span> sono colleg<span class=\"_ _1\"></span>ati ai seguenti paramet<span class=\"_ _1\"></span>ri: </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs39b\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span><span class=\"ff3\">C<span class=\"_ _0\"></span>ond<span class=\"_ _1\"></span>izioni di mercato<span class=\"ff2\">:<span class=\"_ _3\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs39c\">livello di total share<span class=\"_ _1\"></span>holders return rispe<span class=\"_ _1\"></span>tto a societ\u00e0<span class=\"_ _1\"></span> quo<span class=\"_ _0\"></span>tate<span class=\"_ _1\"></span> italiane e estere (i \u201c<span class=\"_ _1\"></span>Comparable\u201d)<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs39d\">operative <span class=\"_ _b\"></span>nel <span class=\"_ _5\"></span>settore <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>cui <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span>pera <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>Gruppo, <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>triennio <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>orrispo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dente <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>ciascun <span class=\"_ _b\"></span>Ciclo, <span class=\"_ _b\"></span>con </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs39e\">peso complessivo del <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>5% del Pia<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>24<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>; </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs39f\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span><span class=\"ff3\">C<span class=\"_ _0\"></span>ond<span class=\"_ _1\"></span>izioni non di merca<span class=\"_ _1\"></span>to<span class=\"ff2\">: </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a0\">(a) <span class=\"_ _16\"> </span>Obiettivi <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>Performa<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>- <span class=\"_ _16\"> </span>Business <span class=\"_ _c\"> </span>Growth <span class=\"_ _16\"> </span>(R<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ative<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>to <span class=\"_ _16\"> </span>Market <span class=\"_ _16\"> </span>KPIs): <span class=\"_ _16\"> </span>con <span class=\"_ _c\"> </span>u<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>peso </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a1\">com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssivo <span class=\"_ _b\"></span>fino <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>40% <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>Piano <span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6, <span class=\"_ _0\"></span>subordina<span class=\"_ _1\"></span>ta <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>conseguiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>parte <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>Gruppo<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a2\">Anima <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>eterminato<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ello<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>posizio<span class=\"_ _1\"></span>namento <span class=\"_ _b\"></span>rispetto <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _b\"></span>concorrenti <span class=\"_ _b\"></span>nel <span class=\"_ _b\"></span>settor<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a3\">italiano <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>risparmio <span class=\"_ _f\"> </span>gestito <span class=\"_ _f\"> </span>(i) <span class=\"_ _f\"> </span>nella <span class=\"_ _f\"></span>raccolta<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>netta <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>elle <span class=\"_ _f\"> </span>gestioni <span class=\"_ _f\"> </span>colletti<span class=\"_ _1\"></span>ve <span class=\"_ _f\"> </span>(\u201cLRN <span class=\"_ _f\"> </span>gestioni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a4\">collettive\u201d <span class=\"_ _b\"></span>\u2013 <span class=\"_ _b\"></span>peso <span class=\"_ _0\"></span>10% <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Piano <span class=\"_ _b\"></span>24-26) <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>(i<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>) <span class=\"_ _b\"></span>nella <span class=\"_ _0\"></span>raccolta <span class=\"_ _b\"></span>netta <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>elle <span class=\"_ _0\"></span>gestioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>portaf<span class=\"_ _1\"></span>oglio </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a5\">(\u201cLRN <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>estioni <span class=\"_ _1\"></span>patr<span class=\"_ _1\"></span>imoniali\u201d - <span class=\"_ _3\"></span>peso <span class=\"_ _1\"></span>10% <span class=\"_ _1\"></span>del P<span class=\"_ _3\"></span>iano 2<span class=\"_ _1\"></span>4-26), <span class=\"_ _1\"></span>oltre a <span class=\"_ _1\"></span> <span class=\"_ _3\"></span>(iii) un <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>inato p<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>nte<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a6\">medio <span class=\"_ _0\"></span>di periodo con<span class=\"_ _0\"></span> riferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> alla <span class=\"_ _0\"></span>sod<span class=\"_ _1\"></span>disfazione del<span class=\"_ _0\"></span>le reti <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>distri<span class=\"_ _1\"></span>buzione/vendita (\u201cLSR\u201d - </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a7\">peso 20% del Piano <span class=\"_ _1\"></span>24-26).  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a8\">(b) Obiettivi di Performan<span class=\"_ _1\"></span>ce \u2013<span class=\"_ _0\"></span> Sustai<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ability (<span class=\"_ _1\"></span>ESG) (Non Relative to Market KPIs): <span class=\"_ _1\"></span>con un peso </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a9\">com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssivo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>25% del <span class=\"_ _0\"></span>Piano <span class=\"_ _0\"></span>24-26, da <span class=\"_ _0\"></span>assegnarsi <span class=\"_ _0\"></span>secondo <span class=\"_ _0\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>somma <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>pu<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teggi<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>raggiunti<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3aa\">per <span class=\"_ _0\"></span>i seguenti <span class=\"_ _0\"></span>obiettivi E<span class=\"_ _0\"></span>S<span class=\"_ _3\"></span>G <span class=\"_ _0\"></span>individuati: (<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span> conseguimento da <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>rte <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>societ\u00e0 controllate d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ab\">un determinato sc<span class=\"_ _1\"></span>ore medio di P<span class=\"_ _1\"></span>RI Assessment <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>derat<span class=\"_ _1\"></span>o per societ\u00e0 cont<span class=\"_ _1\"></span>rollata) nell'ulti<span class=\"_ _1\"></span>mo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ac\">anno <span class=\"_ _c\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>cia<span class=\"_ _1\"></span>scun  C<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>clo <span class=\"_ _c\"> </span>(<span class=\"_ _1\"></span>\u201cPRI\u201d  - <span class=\"_ _c\"> </span>peso  12,5%  d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>Piano  24-26)  e <span class=\"_ _c\"> </span>(ii) <span class=\"_ _c\"> </span>Tale<span class=\"_ _3\"></span>nt <span class=\"_ _c\"> </span>Pool&amp;<span class=\"_ _1\"></span>Diversity <span class=\"_ _c\"> </span>-<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ad\">conseguimento  da  parte<span class=\"_ _3\"></span>  d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>  Gruppo  di <span class=\"_ _f\"> </span>u<span class=\"_ _0\"></span>n  dete<span class=\"_ _3\"></span>rminato  livello  di <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>etenti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n  del<span class=\"_ _1\"></span>  talent  pool </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ae\">(\u201cTalent P&amp;D\u201d- peso 12<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5% <span class=\"_ _1\"></span>del Piano 24-26). <span class=\"_ _3\"></span> </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs3af\">Costo delle condi<span class=\"_ _1\"></span>zioni di mercato \u2013 non d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> m<span class=\"_ _1\"></span>ercat<span class=\"_ _1\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3b0\">Come <span class=\"_ _19\"> </span>precisato <span class=\"_ _19\"> </span>il <span class=\"_ _19\"> </span>costo <span class=\"_ _e\"> </span>per <span class=\"_ _19\"> </span>c<span class=\"_ _0\"></span>ias<span class=\"_ _1\"></span>cuna <span class=\"_ _19\"> </span>delle <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>ondizion<span class=\"_ _1\"></span>i <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>Piano <span class=\"_ _19\"> </span>24-26<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _19\"> </span>stato <span class=\"_ _19\"> </span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rminato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3b1\">moltiplicando <span class=\"_ _d\"> </span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>fair <span class=\"_ _d\"> </span>v<span class=\"_ _0\"></span>alue<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>numero <span class=\"_ _d\"> </span>dei <span class=\"_ _e\"> </span>Diritti <span class=\"_ _d\"> </span>che,<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>iasc<span class=\"_ _1\"></span>una <span class=\"_ _e\"> </span>condizione,<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>si <span class=\"_ _e\"> </span>preve<span class=\"_ _1\"></span>de </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3b2\">diventeranno <span class=\"_ _3\"></span>esigibili <span class=\"_ _1\"></span>al <span class=\"_ _3\"></span>termine <span class=\"_ _1\"></span>del <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>di mat<span class=\"_ _3\"></span>ur<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>stim<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span> alla<span class=\"_ _3\"></span> data <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>assegnazione. <span class=\"_ _3\"></span>La <span class=\"_ _1\"></span>stima </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3b3\">dei <span class=\"_ _f\"> </span>Diritti <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span>pen<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>ipotesi <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>iguar<span class=\"_ _1\"></span>danti <span class=\"_ _f\"> </span>il <span class=\"_ _6\"></span>numero <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>Be<span class=\"_ _1\"></span>neficiari <span class=\"_ _f\"> </span>che <span class=\"_ _6\"></span>si <span class=\"_ _f\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>eve<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>siano <span class=\"_ _f\"> </span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ora <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3b4\">servizio <span class=\"_ _1f\"> </span>al <span class=\"_ _1f\"> </span>termine <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>ias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>un <span class=\"_ _16\"> </span>Ciclo <span class=\"_ _1f\"> </span>(<span class=\"_ _0\"></span><span class=\"ff5\">service <span class=\"_ _16\"> </span>condition</span>) <span class=\"_ _16\"> </span>e <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>probabilit\u00e0 <span class=\"_ _16\"> </span>di <span class=\"_ _15\"> </span>soddisfacime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _16\"> </span>dell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3b5\">Condizioni non di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>(<span class=\"ff5\">per<span class=\"_ _1\"></span>formance condition<span class=\"ff2\">)<span class=\"_ _1\"></span>: per <span class=\"_ _0\"></span>entrambe<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>le<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ipotesi,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la valutazi<span class=\"_ _1\"></span>one <span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>fettuata a </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3b6\">ciascuna Grant Date \u00e8 sta<span class=\"_ _1\"></span>ta del 100%.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3b7\">Al <span class=\"_ _0\"></span>28 <span class=\"_ _0\"></span>marzo <span class=\"_ _0\"></span>2024, <span class=\"_ _0\"></span>data di <span class=\"_ _0\"></span>approvazione <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Pian<span class=\"_ _1\"></span>o 24-26 <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>dell\u2019Assemb<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ea <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>Anima <span class=\"_ _0\"></span>Holdi<span class=\"_ _1\"></span>ng <span class=\"_ _0\"></span>\u00e8 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3b8\">stato <span class=\"_ _3\"></span>direttamente <span class=\"_ _3\"></span>assegnato <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>quest\u2019ultima <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>29,72% <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>Diritti <span class=\"_ _3\"></span>totali <span class=\"_ _3\"></span>(pari <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>9,91% <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>ciascun <span class=\"_ _8\"></span>Ci<span class=\"_ _0\"></span>clo<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3b9\">triennale <span class=\"_ _c\"> </span>prev<span class=\"_ _1\"></span>isto) <span class=\"_ _c\"> </span>all'Am<span class=\"_ _1\"></span>ministratore  D<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>egato <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>Direttore <span class=\"_ _c\"> </span>Ge<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>erale  di <span class=\"_ _c\"> </span>Anima  Holding <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>ai  due </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ba\">Dirigenti <span class=\"_ _c\"> </span>con <span class=\"_ _c\"> </span>Resp<span class=\"_ _1\"></span>onsabilit\u00e0 <span class=\"_ _c\"> </span>Strategiche <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>quella<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>data <span class=\"_ _c\"> </span>individuati  (<span class=\"_ _0\"></span>\u201cG<span class=\"_ _1\"></span>rant <span class=\"_ _c\"> </span>Date <span class=\"_ _c\"> </span>28/03/2024\u201d)<span class=\"_ _1\"></span>; <span class=\"_ _c\"> </span>si </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3bb\">evidenziano qui di se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uit<span class=\"_ _1\"></span>o i fair value co<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>relati a cia<span class=\"_ _3\"></span>sc<span class=\"_ _0\"></span>una c<span class=\"_ _1\"></span>ondizione: </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs3bc\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 28/03/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 24-26 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3bd\">alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,73 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3be\">pari a Euro 2,<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>9. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3bf\">24-26, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8 marzo <span class=\"_ _1\"></span>2024, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca Euro 3,8 m<span class=\"_ _1\"></span>ilioni; </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs3c0\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 28/03/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 25-27 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3c1\">alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,53 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3c2\">pari a Euro 2,<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>8. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3c3\">25-27, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8 marzo <span class=\"_ _1\"></span>2024, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca Euro 3,5 m<span class=\"_ _1\"></span>ilioni; </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs3c4\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 28/03/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 26-28 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3c5\">alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,35 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato<span class=\"_ _4a1\"> </span> </div>pari a Euro 2,<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>3. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 26-28, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8 marzo <span class=\"_ _1\"></span>2024, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca Euro 3,3 m<span class=\"_ _1\"></span>ilioni. Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>Grant <span class=\"_ _6\"></span>Date <span class=\"_ _6\"></span>28/03/2024,<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>contabilizza<span class=\"_ _1\"></span>zione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>costo <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>bilancio, <span class=\"_ _6\"></span>la dur<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> stimata<span class=\"_ _1\"></span> del Piano 24-26 <span class=\"_ _1\"></span>(\u201cPeriodo di Matu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione\u201d) \u00e8 stata<span class=\"_ _1\"></span> la seguente:<span class=\"_ _3\"></span> \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>3<span class=\"_ _0\"></span>7 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>Diritti <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Ciclo <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>-26, <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _6\"></span>aprile <span class=\"_ _b\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>4 <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>30 <span class=\"_ _6\"></span>apr<span class=\"_ _1\"></span>ile <span class=\"_ _5\"></span>2027 <span class=\"_ _5\"></span>(d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ipotizzata <span class=\"_ _5\"></span>di approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre 2026); \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>4<span class=\"_ _0\"></span>9 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>Diritti <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Ciclo <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>-27, <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _6\"></span>aprile <span class=\"_ _b\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>4 <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>30 <span class=\"_ _6\"></span>apr<span class=\"_ _1\"></span>ile <span class=\"_ _5\"></span>2028 <span class=\"_ _5\"></span>(d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ipotizzata <span class=\"_ _5\"></span>di approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre 2027); \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>6<span class=\"_ _0\"></span>1 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>Diritti <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Ciclo <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>-28, <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _6\"></span>aprile <span class=\"_ _b\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>4 <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>30 <span class=\"_ _6\"></span>apr<span class=\"_ _1\"></span>ile <span class=\"_ _5\"></span>2029 <span class=\"_ _5\"></span>(d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ipotizzata <span class=\"_ _5\"></span>di approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre 2028). Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te, <span class=\"_ _8\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>data <span class=\"_ _3\"></span>24<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>aprile <span class=\"_ _3\"></span>2024, <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>assegnato <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>ulteriore <span class=\"_ _3\"></span>50,42% <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>Diritti <span class=\"_ _3\"></span>totali <span class=\"_ _3\"></span>(riferit<span class=\"_ _1\"></span>i per il<span class=\"_ _3\"></span> 19,98% <span class=\"_ _3\"></span>al <span class=\"_ _1\"></span>Ciclo 2<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>-2<span class=\"_ _1\"></span>6, pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> 1<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>,21% <span class=\"_ _3\"></span>al <span class=\"_ _1\"></span>Ciclo <span class=\"_ _3\"></span>25-27 <span class=\"_ _1\"></span>e p<span class=\"_ _3\"></span>er il <span class=\"_ _3\"></span>15,23% a<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>clo 2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>-2<span class=\"_ _1\"></span>8) a <span class=\"_ _3\"></span>64 <span class=\"_ _1\"></span>Beneficia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i individuati <span class=\"_ _3\"></span>dall<span class=\"_ _0\"></span>\u2019A<span class=\"_ _3\"></span>mm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nistratore <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ele<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ato<span class=\"_ _1\"></span> di<span class=\"_ _3\"></span> Anima <span class=\"_ _3\"></span>Holding <span class=\"_ _3\"></span>(\u201c<span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>rant <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ate <span class=\"_ _3\"></span>24/04/2024\u201d); <span class=\"_ _1\"></span>si <span class=\"_ _3\"></span>evidenziano qui di seguito i fai<span class=\"_ _1\"></span>r value correlati a cias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ondiz<span class=\"_ _1\"></span>ione: \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 24/04/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 24-26 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,69 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari a Euro 2,<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>2. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 24-26, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4 aprile 2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1\"></span>Euro 7,6 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni; \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 24/04/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 25-27 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Condizioni <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>mer<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ato <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stato <span class=\"_ _0\"></span>pari <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>Euro 3<span class=\"_ _0\"></span>,5 <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(ii) <span class=\"_ _b\"></span>alla C<span class=\"_ _0\"></span>ondizione d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>stato pari a Euro 2,<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>6. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 25-27, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4 aprile 2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1\"></span>Euro 5,3 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni; \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 24/04/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 26-28 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,32 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari a Euro 2,<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>1. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 26-28, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4 aprile 2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1\"></span>Euro 5,1 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni.<span class=\"_ _1\"></span> Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>Grant <span class=\"_ _6\"></span>Date <span class=\"_ _6\"></span>24/04/2024,<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>contabilizza<span class=\"_ _1\"></span>zione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>costo <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>bilancio, <span class=\"_ _6\"></span>la dur<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> stimata<span class=\"_ _1\"></span> del Piano 24-26 <span class=\"_ _1\"></span>(\u201cPeriodo di Matu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione\u201d) \u00e8 stata<span class=\"_ _1\"></span> la seguente:<span class=\"_ _3\"></span> \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>3<span class=\"_ _0\"></span>6 <span class=\"_ _b\"></span>mesi <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>Ci<span class=\"_ _0\"></span>clo <span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ma<span class=\"_ _1\"></span>ggio <span class=\"_ _b\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _0\"></span>30<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>aprile <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>7 <span class=\"_ _b\"></span>(data <span class=\"_ _0\"></span>ipoti<span class=\"_ _0\"></span>zz<span class=\"_ _1\"></span>ata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre 2026); \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>4<span class=\"_ _0\"></span>8 <span class=\"_ _b\"></span>mesi <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>Ci<span class=\"_ _0\"></span>clo <span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ma<span class=\"_ _1\"></span>ggio <span class=\"_ _b\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _0\"></span>30<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>aprile <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>8 <span class=\"_ _b\"></span>(data <span class=\"_ _0\"></span>ipoti<span class=\"_ _0\"></span>zz<span class=\"_ _1\"></span>ata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre 2027); \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>6<span class=\"_ _0\"></span>0 <span class=\"_ _b\"></span>mesi <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>Ci<span class=\"_ _0\"></span>clo <span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ma<span class=\"_ _1\"></span>ggio <span class=\"_ _b\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _0\"></span>30<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>aprile <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>9 <span class=\"_ _b\"></span>(data <span class=\"_ _0\"></span>ipoti<span class=\"_ _0\"></span>zz<span class=\"_ _1\"></span>ata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Holding <span class=\"_ _f\"></span>del <span class=\"_ _5\"></span>bi<span class=\"_ _0\"></span>lan<span class=\"_ _1\"></span>cio <span class=\"_ _f\"> </span>chi<span class=\"_ _1\"></span>uso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>3<span class=\"_ _0\"></span>1 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cembre 2028). Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te, \u00e8 stata<span class=\"_ _1\"></span> effettuata una cancellazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e di alcuni Diritti a seguit<span class=\"_ _1\"></span>o dell\u2019uscita dal Gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o di un Ben<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ciario che, ai sensi del Reg<span class=\"_ _1\"></span>olamento del Piano 24-26, ha comportato il decadiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> totale<span class=\"_ _3\"></span> della <span class=\"_ _5\"></span>facolt\u00e0 <span class=\"_ _6\"></span>d\u2019esercizio <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>Diritti <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>feriti <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>Ciclo <span class=\"_ _5\"></span>24-26 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>attrib<span class=\"_ _1\"></span>uiti <span class=\"_ _6\"></span>alla <span class=\"_ _5\"></span>Grant <span class=\"_ _5\"></span>Date <span class=\"_ _6\"></span>24/04/2024, <span class=\"_ _b\"></span>in misura pari allo <span class=\"_ _1\"></span>0,20% dei Diritti totali.<span class=\"_ _1\"></span> Infine, in <span class=\"_ _0\"></span>data 25 <span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>uglio 2024, <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>stato asseg<span class=\"_ _1\"></span>nato un ul<span class=\"_ _0\"></span>terio<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e 3,29% dei <span class=\"_ _0\"></span>Dir<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>tti totali (riferiti per <span class=\"_ _0\"></span>il 1,1% al <span class=\"_ _0\"></span>Ciclo <span class=\"_ _0\"></span>24-26, <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>il 1<span class=\"_ _0\"></span>,1%<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Ciclo <span class=\"_ _0\"></span>25-27 <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>1,1<span class=\"_ _1\"></span>% <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Ciclo <span class=\"_ _0\"></span>26-28) <span class=\"_ _0\"></span>a 3<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>nu<span class=\"_ _1\"></span>ovi <span class=\"_ _0\"></span>Beneficiari <span class=\"_ _0\"></span>individuati<span class=\"_ _1\"></span> dall\u2019Amministratore <span class=\"_ _f\"> </span>Delegato  d<span class=\"_ _1\"></span>i  Anima  H<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ding  (\u201cGra<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>t <span class=\"_ _f\"> </span>D<span class=\"_ _0\"></span>ate<span class=\"_ _1\"></span>  25/07/2<span class=\"_ _1\"></span>024\u201d);  si <span class=\"_ _f\"> </span>evidenziano  q<span class=\"_ _1\"></span>ui  di seguito i fair value <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>orrelati a<span class=\"_ _1\"></span> ciascuna condizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne:<span class=\"_ _3\"></span> \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 25/07/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 24-26 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 4,15 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari a Euro 3,<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>1. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 24-26, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5 lugli<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 2024, \u00e8 pa<span class=\"_ _1\"></span>ri a circa Eur<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 0,5 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni;<div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs3e8\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 25/07/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 25-27 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3e9\">alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,92 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ea\">pari a Euro 2,<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>9. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3eb\">25-27, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5 lugli<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 2024, \u00e8 pa<span class=\"_ _1\"></span>ri a circa Eur<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 0,4 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni;<span class=\"_ _1\"></span> </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs3ec\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 25/07/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 26-28 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ed\">alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,71 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ee\">pari a Euro 2,<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>3. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ef\">26-28, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5 lugli<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 2024, \u00e8 pa<span class=\"_ _1\"></span>ri a circa Eur<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 0,4 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3f0\">Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>Grant <span class=\"_ _6\"></span>Date <span class=\"_ _6\"></span>25/07/2024,<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>contabilizza<span class=\"_ _1\"></span>zione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>costo <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>bilancio, <span class=\"_ _6\"></span>la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3f1\">dur<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> stimata<span class=\"_ _1\"></span> del Piano 24-26 <span class=\"_ _1\"></span>(\u201cPeriodo di Matu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione\u201d) \u00e8 stata<span class=\"_ _1\"></span> la seguente:<span class=\"_ _3\"></span> </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs3f2\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>3<span class=\"_ _0\"></span>3 <span class=\"_ _b\"></span>mesi <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Ciclo <span class=\"_ _b\"></span>24<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>26, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ago<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>30 <span class=\"_ _5\"></span>aprile <span class=\"_ _b\"></span>2027 <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>ipotizzata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3f3\">approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3f4\">2026); </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs3f5\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>4<span class=\"_ _0\"></span>5 <span class=\"_ _b\"></span>mesi <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Ciclo <span class=\"_ _b\"></span>25<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>27, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ago<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>30 <span class=\"_ _5\"></span>aprile <span class=\"_ _b\"></span>2028 <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>ipotizzata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3f6\">approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3f7\">2027); </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs3f8\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>5<span class=\"_ _0\"></span>7 <span class=\"_ _b\"></span>mesi <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Ciclo <span class=\"_ _b\"></span>26<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>28, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ago<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>30 <span class=\"_ _5\"></span>aprile <span class=\"_ _b\"></span>2029 <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>ipotizzata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3f9\">approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3fa\">2028). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3fb\">Per <span class=\"_ _19\"> </span>quanto <span class=\"_ _19\"> </span>sopra <span class=\"_ _19\"> </span>espost<span class=\"_ _1\"></span>o, <span class=\"_ _19\"> </span>alla <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _19\"> </span>di <span class=\"_ _e\"> </span>r<span class=\"_ _0\"></span>iferi<span class=\"_ _1\"></span>mento <span class=\"_ _19\"> </span>del <span class=\"_ _e\"> </span>presente <span class=\"_ _19\"> </span>Bilancio <span class=\"_ _e\"> </span>risultano <span class=\"_ _e\"> </span>assegnati </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3fc\">com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>3,23% dei Diritti t<span class=\"_ _1\"></span>otali dispon<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>bili previsti da<span class=\"_ _3\"></span>l Piano 24-26. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3fd\">Come <span class=\"_ _c\"> </span>previsto <span class=\"_ _c\"> </span>dal <span class=\"_ _c\"> </span>Regolamento <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>Piano <span class=\"_ _c\"> </span>24-26 <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>conseguenza <span class=\"_ _c\"> </span>dell\u2019ann<span class=\"_ _1\"></span>uncio <span class=\"_ _c\"> </span>riguardante <span class=\"_ _c\"> </span>la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3fe\">promozione <span class=\"_ _3\"></span>dell\u2019OPA <span class=\"_ _3\"></span>BBPM <span class=\"_ _3\"></span>Vita <span class=\"_ _3\"></span>(considerato<span class=\"_ _1\"></span>, <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>\u2019altro, <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>corrispettivo <span class=\"_ _3\"></span>offerto <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>integra <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>premi<span class=\"_ _1\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ff\">superiore <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>30% s<span class=\"_ _3\"></span>ul p<span class=\"_ _1\"></span>rezzo <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>azioni <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>Societ\u00e0 <span class=\"_ _3\"></span>registrato <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>1\u00b0 <span class=\"_ _3\"></span>gennaio <span class=\"_ _3\"></span>2024), <span class=\"_ _3\"></span>si <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _3\"></span>resa <span class=\"_ _3\"></span>necessaria<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs400\">la  verifica  al  31  di<span class=\"_ _1\"></span>cembre  2024  di  taluni  pote<span class=\"_ _1\"></span>nziali  meccanismi<span class=\"_ _1\"></span>  di  riduzione  <span class=\"ff5\">pro-rata  tem<span class=\"_ _1\"></span>poris  <span class=\"ff2\">del </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs401\">num<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>attribui<span class=\"_ _1\"></span>bili <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>Beneficiari <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>taluni <span class=\"_ _0\"></span>potenziali <span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giustamenti <span class=\"_ _0\"></span>riguarda<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti g<span class=\"_ _0\"></span>li obiettivi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs402\">di <span class=\"_ _6\"></span>performance <span class=\"_ _b\"></span>\u201cShar<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>olders<span class=\"_ _1\"></span>\u2019 <span class=\"_ _6\"></span>Alignment<span class=\"_ _1\"></span>\u201d, <span class=\"_ _6\"></span>\u201cBusiness <span class=\"_ _5\"></span>Growth\u201d <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>\u201cSustainab<span class=\"_ _1\"></span>ility <span class=\"_ _5\"></span>(ESG)\u201d, <span class=\"_ _6\"></span>dalle <span class=\"_ _5\"></span>quali <span class=\"_ _6\"></span>\u00e8 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs403\">stato possibile <span class=\"_ _1\"></span>determinare che: </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs404\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _0\"></span>numero <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _0\"></span>attri<span class=\"_ _1\"></span>buibili <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>Beneficiari <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>corri<span class=\"_ _1\"></span>spondenza <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>Diritti <span class=\"_ _0\"></span>assegnati <span class=\"_ _0\"></span>su<span class=\"_ _1\"></span>bir\u00e0 <span class=\"_ _0\"></span>una </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs405\">riduzione del 15% (<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iferimento<span class=\"_ _1\"></span> <span class=\"ff5\">pro-rata tempori<span class=\"_ _1\"></span>s) <span class=\"ff2\">e </span></span></div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs406\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">gli <span class=\"_ _b\"></span>obiettivi <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>performan<span class=\"_ _1\"></span>ce <span class=\"_ _b\"></span>si <span class=\"_ _b\"></span>considereran<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _3\"></span>giu<span class=\"_ _0\"></span>nti <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>livello <span class=\"_ _b\"></span>target <span class=\"_ _0\"></span>senza <span class=\"_ _b\"></span>app<span class=\"_ _1\"></span>licazione <span class=\"_ _b\"></span>di </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs407\">aggiustamenti. <span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs408\">Pertanto, <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>numero <span class=\"_ _3\"></span>di a<span class=\"_ _1\"></span>zioni <span class=\"_ _3\"></span>attribuibili <span class=\"_ _3\"></span>rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ite<span class=\"_ _3\"></span> a <span class=\"_ _1\"></span>ciascun <span class=\"_ _3\"></span>Ciclo de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Pi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>no 2<span class=\"_ _1\"></span>4-26 \u00e8<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ri al<span class=\"_ _1\"></span>l\u201985% <span class=\"_ _3\"></span>dei Di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs409\">assegnati a ciascun Bene<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>iciario, <span class=\"_ _1\"></span>fatta salva la Cond<span class=\"_ _1\"></span>izione di Permanenza, pe<span class=\"_ _1\"></span>r un numero compless<span class=\"_ _1\"></span>ivo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs40a\">di 8.151.269 azioni del<span class=\"_ _1\"></span>la Societ\u00e0; tali azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni so<span class=\"_ _1\"></span>no assegnate attravers<span class=\"_ _1\"></span>o: </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs40b\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">utilizzo <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>azioni <span class=\"_ _1f\"> </span>proprie <span class=\"_ _16\"> </span>dete<span class=\"_ _1\"></span>nute <span class=\"_ _16\"> </span>nel <span class=\"_ _1f\"> </span>portafo<span class=\"_ _1\"></span>glio <span class=\"_ _1f\"> </span>da <span class=\"_ _16\"> </span>Anima <span class=\"_ _16\"> </span>Holding, <span class=\"_ _16\"> </span>per <span class=\"_ _16\"> </span>un <span class=\"_ _16\"> </span>numero <span class=\"_ _16\"> </span>di </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs40c\">2.251.455 <span class=\"_ _3\"></span>azioni; <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>informa <span class=\"_ _3\"></span>che, <span class=\"_ _3\"></span>verificate <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Condizioni <span class=\"_ _3\"></span>di Pe<span class=\"_ _3\"></span>rman<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>iasc<span class=\"_ _1\"></span>un <span class=\"_ _3\"></span>Beneficiario, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs40d\">sono state attribuite tali<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i;  </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs40e\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">aumento  gratuito  di  capitale  so<span class=\"_ _1\"></span>ciale  di  Anima  Holding  mediante  emissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e  di  massime  n\u00b0 </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs40f\">5.899.814 <span class=\"_ _b\"></span>azioni <span class=\"_ _b\"></span>sen<span class=\"_ _0\"></span>za<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>valore <span class=\"_ _b\"></span>nominale. <span class=\"_ _b\"></span>Si <span class=\"_ _b\"></span>informa <span class=\"_ _b\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>Consiglio <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>Amminist<span class=\"_ _1\"></span>razione <span class=\"_ _b\"></span>della </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs410\">Societ\u00e0, <span class=\"_ _0\"></span>in data <span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>febbraio <span class=\"_ _0\"></span>202<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>, h<span class=\"_ _0\"></span>a deliberato d<span class=\"_ _0\"></span>i aum<span class=\"_ _0\"></span>enta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e g<span class=\"_ _0\"></span>rat<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>itamente il <span class=\"_ _0\"></span>capitale sociale, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs411\">ai  sensi <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li  a<span class=\"_ _3\"></span>rtt.  244<span class=\"_ _1\"></span>3  e <span class=\"_ _f\"> </span>2349  del <span class=\"_ _f\"> </span>Codice <span class=\"_ _f\"> </span>C<span class=\"_ _0\"></span>ivile<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>per  massimi <span class=\"_ _f\"> </span>nominali <span class=\"_ _f\"> </span>Euro<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>129.795,91, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs412\">mediante  imputazione  a  capitale  di  u<span class=\"_ _1\"></span>n  im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  di  corrispo<span class=\"_ _1\"></span>ndente  ammontare  tratto  dalle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs413\">riserve  d<span class=\"_ _1\"></span>isponibili, <span class=\"_ _f\"> </span>con  emissio<span class=\"_ _1\"></span>ne  di <span class=\"_ _f\"> </span>n\u00b0  5.8<span class=\"_ _1\"></span>99.814  a<span class=\"_ _1\"></span>zioni<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>ordinarie, <span class=\"_ _f\"> </span>g<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>dimento <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>eg<span class=\"_ _1\"></span>olare,  da<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs414\">assegnare <span class=\"_ _19\"> </span>ai <span class=\"_ _e\"> </span>Ben<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>iciar<span class=\"_ _1\"></span>i <span class=\"_ _19\"> </span>che <span class=\"_ _19\"> </span>ne <span class=\"_ _e\"> </span>h<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>no <span class=\"_ _19\"> </span>diritto <span class=\"_ _e\"> </span>secondo <span class=\"_ _19\"> </span>le <span class=\"_ _19\"> </span>previsioni <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _e\"> </span>Piano <span class=\"_ _e\"> </span>24<span class=\"_ _0\"></span>-26. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs415\">Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te, v<span class=\"_ _0\"></span>erifi<span class=\"_ _1\"></span>cate <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>ondiz<span class=\"_ _1\"></span>ioni <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>Perma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>enza <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>ciascun <span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>iciario, <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stata <span class=\"_ _0\"></span>data<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs416\">esecuzione a predetta del<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>be<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs417\">Il <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>lessivo del <span class=\"_ _0\"></span>Pia<span class=\"_ _3\"></span>no <span class=\"_ _0\"></span>24-26 per il Gruppo<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>dete<span class=\"_ _1\"></span>rminato per quanto <span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>\u2019anzi espost<span class=\"_ _1\"></span>o, \u00e8 stato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs418\">pertanto  contabilizzato  interamente  nel  presente  Bilancio  per  un  im<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to  pari  a  circa  Euro  2<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>,4 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs419\">milioni, <span class=\"_ _0\"></span>derivante <span class=\"_ _0\"></span>sia <span class=\"_ _0\"></span>dalla <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mp<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>dell\u2019eserciz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>P<span class=\"_ _1\"></span>iano <span class=\"_ _0\"></span>24-26 <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>componente di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>costo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs41a\">anticipata <span class=\"_ _1\"></span>correlata <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>definizione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>periodo <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>aturazione <span class=\"_ _3\"></span>per <span class=\"_ _1\"></span>l\u2019accelerazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _1\"></span>Pia<span class=\"_ _1\"></span>no 24-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span> in<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs41b\">conseguenza <span class=\"_ _0\"></span>dell\u2019annuncio <span class=\"_ _0\"></span>rigu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rd<span class=\"_ _0\"></span>ante<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>promozione<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>dell\u2019OPA <span class=\"_ _0\"></span>BBPM <span class=\"_ _0\"></span>Vita. <span class=\"_ _b\"></span>Nelle <span class=\"_ _0\"></span>succ<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>siv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>tabell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs41c\">viene rappresentato il <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>osto <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o del Pia<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>24<span class=\"_ _0\"></span>\u2014<span class=\"_ _1\"></span>26 per il Grupp<span class=\"_ _1\"></span>o (dati in unit\u00e0 di Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o): </div><div class=\"gs41e\"><table class=\"s w29a h35b\" id=\"_9739f782-9b3d-4a65-8086-a21e030716fe\"><tr><td></td><td class=\"t m13 x37d h69 y17bd ff3 fs23 fc1 sc0 ls0 ws0\">Cos<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> per i<span class=\"_ _1\"></span>l Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"t m13 x372 h69 y17be ff3 fs23 fc1 sc0 ls0 ws0\">Peri<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> rif<span class=\"_ _3\"></span>erim<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m13 x37e h69 y17be ff3 fs23 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>/1<span class=\"_ _0\"></span>2/2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x37f y17c0 w29b h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">Ciclo 24<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x380 y17c0 w29c h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>0.06<span class=\"_ _0\"></span>9.2<span class=\"_ _0\"></span>68<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x37f y17c1 w29b h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">Ciclo 25<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x381 y17c1 w29d h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">7.84<span class=\"_ _0\"></span>3.84<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x37f y17c2 w29b h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">Ciclo 26<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x381 y17c2 w29d h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">7.50<span class=\"_ _0\"></span>3.51<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x382 y16d8 w29e h355\"><div class=\"t m13 x17f h69 y17c3 ff3 fs23 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tale E<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x383 y16d8 w29f h355\"><div class=\"t m13 x17f h69 y17c3 ff3 fs23 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>5.41<span class=\"_ _0\"></span>6.62<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h10 ff6 fsb fc1 sc0 ls0 ws0 gs41f\">Aggregazioni az<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>ndali </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs420\">Il trasferime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to de<span class=\"_ _3\"></span>l controllo <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>un\u2019impresa <span class=\"_ _3\"></span>(o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di un <span class=\"_ _3\"></span>gruppo di <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e beni i<span class=\"_ _1\"></span>ntegrati, <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ond<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>tti <span class=\"_ _1\"></span>e gestit<span class=\"_ _3\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs421\">unitariamente) confi<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ura un\u2019<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>perazio<span class=\"_ _1\"></span>ne di aggrega<span class=\"_ _3\"></span>zio<span class=\"_ _0\"></span>ne azie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dale. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs422\">A <span class=\"_ _5\"></span>tal <span class=\"_ _6\"></span>fi<span class=\"_ _0\"></span>ne <span class=\"_ _5\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntrollo <span class=\"_ _6\"></span>si <span class=\"_ _5\"></span>consid<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>trasferito <span class=\"_ _5\"></span>quando <span class=\"_ _6\"></span>l\u2019investitore <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>esposto <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>rendimenti <span class=\"_ _5\"></span>variabili, <span class=\"_ _6\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs423\">detiene <span class=\"_ _0\"></span>diritti <span class=\"_ _0\"></span>su<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>tali <span class=\"_ _0\"></span>rendimenti, <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>riv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nti <span class=\"_ _0\"></span>dal <span class=\"_ _b\"></span>pr<span class=\"_ _1\"></span>oprio <span class=\"_ _0\"></span>rappo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>con l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>rtecipata <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>nel c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntempo <span class=\"_ _0\"></span>ha </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs424\">la capacit\u00e0 di incidere s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>i ren<span class=\"_ _1\"></span>dimenti esercitand<span class=\"_ _1\"></span>o il p<span class=\"_ _1\"></span>roprio potere su tale entit\u00e0.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs425\">L\u2019IFRS <span class=\"_ _16\"> </span>3 <span class=\"_ _16\"> </span>richiede <span class=\"_ _c\"> </span>ch<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>per <span class=\"_ _16\"> </span>tutte <span class=\"_ _16\"> </span>le <span class=\"_ _16\"> </span>operazio<span class=\"_ _1\"></span>ni <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>aggregazione <span class=\"_ _16\"> </span>venga <span class=\"_ _c\"> </span>individuato <span class=\"_ _16\"> </span>un <span class=\"_ _16\"> </span>acquirente.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs426\">Quest\u2019ultimo <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ve <span class=\"_ _0\"></span>essere identificato nel <span class=\"_ _0\"></span>soggetto che <span class=\"_ _0\"></span>ottiene il c<span class=\"_ _0\"></span>ontroll<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>su un\u2019altra <span class=\"_ _0\"></span>entit\u00e0 <span class=\"_ _0\"></span>o gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs427\">di <span class=\"_ _f\"> </span>attivit\u00e0. <span class=\"_ _f\"> </span>Nel <span class=\"_ _f\"> </span>caso <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>cui<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>non <span class=\"_ _f\"> </span>si  sia <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>grado <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>identificare <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>soggetto <span class=\"_ _f\"> </span>controllante <span class=\"_ _f\"> </span>seg<span class=\"_ _1\"></span>uendo <span class=\"_ _f\"> </span>la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs428\">definizione <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>controllo <span class=\"_ _c\"> </span>sopra <span class=\"_ _c\"> </span>descritta, <span class=\"_ _c\"> </span>come <span class=\"_ _c\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>esempio <span class=\"_ _c\"> </span>nel <span class=\"_ _c\"> </span>caso <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>operazioni <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>scambio <span class=\"_ _c\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs429\">interessenze <span class=\"_ _0\"></span>parte<span class=\"_ _1\"></span>cipative, <span class=\"_ _0\"></span>l\u2019individ<span class=\"_ _1\"></span>uazione <span class=\"_ _0\"></span>dell\u2019a<span class=\"_ _1\"></span>cquirente <span class=\"_ _0\"></span>deve <span class=\"_ _0\"></span>av<span class=\"_ _1\"></span>venire <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>l\u2019utilizz<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>alt<span class=\"_ _1\"></span>ri <span class=\"_ _0\"></span>fattori </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs42a\">quali:  l\u2019entit\u00e0  il  cui <span class=\"_ _c\"> </span>fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  value  \u00e8  significativame<span class=\"_ _1\"></span>nte  magg<span class=\"_ _0\"></span>iore<span class=\"_ _1\"></span>,  l\u2019entit\u00e0  ch<span class=\"_ _0\"></span>e  e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span>ualmente  versa  un </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs42b\">corrispettivo in dena<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o, l\u2019e<span class=\"_ _1\"></span>ntit\u00e0 che emette le n<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ov<span class=\"_ _3\"></span>e azio<span class=\"_ _0\"></span>ni.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs42c\">L\u2019acquisizione, e <span class=\"_ _0\"></span>quindi <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>pri<span class=\"_ _1\"></span>mo c<span class=\"_ _0\"></span>onso<span class=\"_ _1\"></span>lidamento dell\u2019entit\u00e0 acqu<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>sita, <span class=\"_ _0\"></span>deve <span class=\"_ _0\"></span>esse<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e contabilizzata n<span class=\"_ _0\"></span>ella </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs42d\">data <span class=\"_ _6\"></span>in <span class=\"_ _f\"></span>c<span class=\"_ _1\"></span>ui <span class=\"_ _6\"></span>l\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quire<span class=\"_ _1\"></span>nte <span class=\"_ _6\"></span>ottiene <span class=\"_ _6\"></span>effettivamente <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>trol<span class=\"_ _1\"></span>lo <span class=\"_ _6\"></span>sull\u2019impresa <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>acq<span class=\"_ _1\"></span>uisite. <span class=\"_ _6\"></span>Quando </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs42e\">l\u2019operazione  avviene  t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>amite <span class=\"_ _f\"> </span>u<span class=\"_ _0\"></span>n\u2019u<span class=\"_ _1\"></span>nica  operazione  di  scamb<span class=\"_ _1\"></span>io,  la  data<span class=\"_ _1\"></span>  dello  scambio  normal<span class=\"_ _1\"></span>mente </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs42f\">coincide <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _b\"></span>la <span class=\"_ _0\"></span>data <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>acquisizione. <span class=\"_ _b\"></span>T<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ttavia, <span class=\"_ _b\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>se<span class=\"_ _1\"></span>mpre <span class=\"_ _b\"></span>necessario <span class=\"_ _0\"></span>verificare <span class=\"_ _b\"></span>l\u2019eventuale <span class=\"_ _0\"></span>presenza <span class=\"_ _b\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs430\">accordi <span class=\"_ _f\"> </span>tra <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>parti <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>possano <span class=\"_ _f\"> </span>comportare <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>asferime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>cont<span class=\"_ _1\"></span>rollo  p<span class=\"_ _3\"></span>rima <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>data<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>dello </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs431\">scambio. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs432\">Il corrispettivo t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>asfe<span class=\"_ _1\"></span>rito nell\u2019ambito<span class=\"_ _1\"></span> di un\u2019ope<span class=\"_ _1\"></span>razione di aggregaz<span class=\"_ _1\"></span>ione deve es<span class=\"_ _1\"></span>sere determinat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> come<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs433\">sommatoria <span class=\"_ _6\"></span>del <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>air<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>alla <span class=\"_ _5\"></span>data <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>sca<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bio,<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>delle <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>edute<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>sostenute <span class=\"_ _6\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs434\">assunte e degli strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>di capitale emessi <span class=\"_ _1\"></span>dall\u2019acquirente in ca<span class=\"_ _1\"></span>mbio del controllo<span class=\"_ _1\"></span>. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs435\">Nelle <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>perazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>prevedono <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>pagamento <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>aro <span class=\"_ _0\"></span>(o <span class=\"_ _0\"></span>quando <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>previsto <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>pagamento <span class=\"_ _0\"></span>mediante </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs436\">strumenti <span class=\"_ _d\"> </span>finanziari <span class=\"_ _d\"> </span>assimila<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ili <span class=\"_ _15\"> </span>alla <span class=\"_ _d\"> </span>cassa) <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>prezzo <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>corrispettivo <span class=\"_ _15\"> </span>pattuito, <span class=\"_ _d\"> </span>eventualmente<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs437\">attualizzato nel caso in <span class=\"_ _1\"></span>cui<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>a p<span class=\"_ _1\"></span>revisto un pagamen<span class=\"_ _3\"></span>to<span class=\"_ _0\"></span> rateale con ri<span class=\"_ _1\"></span>ferimento ad un perio<span class=\"_ _1\"></span>do superiore </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs438\">al <span class=\"_ _6\"></span>b<span class=\"_ _0\"></span>reve <span class=\"_ _f\"></span>te<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ne; <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _6\"></span>caso <span class=\"_ _f\"></span>in <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ui <span class=\"_ _6\"></span>il <span class=\"_ _f\"> </span>pagament<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>avvenga <span class=\"_ _6\"></span>tr<span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>te <span class=\"_ _6\"></span>uno <span class=\"_ _f\"> </span>str<span class=\"_ _1\"></span>umento <span class=\"_ _f\"> </span>dive<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>so <span class=\"_ _f\"></span>dal<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>cassa, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs439\">quindi <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>iante <span class=\"_ _b\"></span>l\u2019emissione <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>strumenti <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>resentativi <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le, <span class=\"_ _b\"></span>il <span class=\"_ _5\"></span>prezzo <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>pari <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>value <span class=\"_ _5\"></span>del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs43a\">mezzo di pagament<span class=\"_ _1\"></span>o al netto dei costi <span class=\"_ _1\"></span>direttamente<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>rib<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ibili all\u2019operazi<span class=\"_ _1\"></span>one di emissione di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs43b\">Sono <span class=\"_ _5\"></span>inclusi <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>corrispettivo <span class=\"_ _b\"></span>dell\u2019aggregazione <span class=\"_ _5\"></span>aziendale <span class=\"_ _b\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>acquisizione <span class=\"_ _b\"></span>gli <span class=\"_ _5\"></span>aggiustamenti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs43c\">subordinati a<span class=\"_ _3\"></span>d eventi <span class=\"_ _3\"></span>futuri, se <span class=\"_ _3\"></span>previsti <span class=\"_ _3\"></span>dagli a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>cordi<span class=\"_ _3\"></span> e sol<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>caso in <span class=\"_ _3\"></span>cui sian<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>obabili, <span class=\"_ _1\"></span>determinabili </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs43d\">in <span class=\"_ _5\"></span>modo <span class=\"_ _5\"></span>attendibile <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ealizza<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>entro <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>dodici <span class=\"_ _5\"></span>mesi <span class=\"_ _b\"></span>successivi <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>ac<span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uisizione <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollo<span class=\"_ _1\"></span>, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs43e\">mentre  non  ve<span class=\"_ _1\"></span>ngono  considerati <span class=\"_ _f\"> </span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i  indennizzi  per  rid<span class=\"_ _1\"></span>uzione  del  valo<span class=\"_ _1\"></span>re  delle  attivit\u00e0 <span class=\"_ _f\"> </span>utili<span class=\"_ _0\"></span>zza<span class=\"_ _1\"></span>te  in<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs43f\">quanto gi\u00e0 considerati o nel fair value degli strume<span class=\"_ _1\"></span>nti r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentativi di capitale o come <span class=\"_ _1\"></span>ridu<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>ne del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs440\">premio o incremento<span class=\"_ _1\"></span> dello sconto sull\u2019em<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ssi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne iniz<span class=\"_ _1\"></span>iale nel caso di emissi<span class=\"_ _1\"></span>one di strumenti<span class=\"_ _1\"></span> di debito. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs441\">I <span class=\"_ _19\"> </span>c<span class=\"_ _0\"></span>osti <span class=\"_ _19\"> </span>correlati <span class=\"_ _19\"> </span>all\u2019acquisizi<span class=\"_ _1\"></span>one <span class=\"_ _19\"> </span>sono<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>g<span class=\"_ _0\"></span>li <span class=\"_ _19\"> </span>oneri<span class=\"_ _3\"></span> <span class=\"_ _1b\"> </span>c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>l\u2019a<span class=\"_ _1\"></span>cquirente <span class=\"_ _1b\"> </span>s<span class=\"_ _1\"></span>ostiene <span class=\"_ _19\"> </span>per <span class=\"_ _1b\"> </span>la <span class=\"_ _19\"> </span>realizzazione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs442\">dell\u2019aggregazione<span class=\"_ _1\"></span>  aziendale;<span class=\"_ _1\"></span>  a  titolo  ese<span class=\"_ _3\"></span>mplific<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>  questi  c<span class=\"_ _1\"></span>omprendono  i <span class=\"_ _f\"> </span>compensi  professio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ali<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs443\">corrisposti <span class=\"_ _6\"></span>a <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>evisori, <span class=\"_ _5\"></span>periti <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>onsulenti <span class=\"_ _b\"></span>leg<span class=\"_ _0\"></span>ali<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>costi <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>perizie <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>ollo <span class=\"_ _6\"></span>dei <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>onti,<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>costi <span class=\"_ _6\"></span>per <span class=\"_ _5\"></span>la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs444\">predisposizione <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>documenti <span class=\"_ _15\"> </span>informativi <span class=\"_ _15\"> </span>richiesti <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>alle <span class=\"_ _15\"> </span>norme, <span class=\"_ _1f\"> </span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nch\u00e9 <span class=\"_ _d\"> </span>le <span class=\"_ _15\"> </span>spese <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>con<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ulenza </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs445\">sostenute <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span>identifi<span class=\"_ _1\"></span>care <span class=\"_ _15\"> </span>potenziali <span class=\"_ _15\"> </span>target<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>da <span class=\"_ _15\"> </span>acquisire <span class=\"_ _15\"> </span>se <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>ontrattua<span class=\"_ _3\"></span>lm<span class=\"_ _0\"></span>ente<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>stabilito <span class=\"_ _1f\"> </span>che <span class=\"_ _15\"> </span>il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs446\">pagamento <span class=\"_ _3\"></span>sia <span class=\"_ _1\"></span>effettuato <span class=\"_ _3\"></span>solo <span class=\"_ _1\"></span>in <span class=\"_ _3\"></span>caso <span class=\"_ _3\"></span>di e<span class=\"_ _1\"></span>sito <span class=\"_ _1\"></span>positiv<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>dell\u2019aggregazione<span class=\"_ _1\"></span>, <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>onch\u00e9 <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>costi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>egistrazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs447\">ed <span class=\"_ _c\"> </span>emis<span class=\"_ _1\"></span>sione  di <span class=\"_ _c\"> </span>titoli<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>di  debito  o <span class=\"_ _c\"> </span>titol<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ari.  L\u2019acquirente  deve <span class=\"_ _c\"> </span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nta<span class=\"_ _1\"></span>bilizzare  i <span class=\"_ _c\"> </span>costi  correlati </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs448\">all\u2019acquisizione <span class=\"_ _f\"> </span>come  oneri <span class=\"_ _f\"> </span>nei<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>periodi <span class=\"_ _f\"> </span>i<span class=\"_ _0\"></span>n <span class=\"_ _f\"> </span>cui  tali <span class=\"_ _f\"> </span>co<span class=\"_ _0\"></span>sti  s<span class=\"_ _3\"></span>ono<span class=\"_ _0\"></span>  soste<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i  e  i <span class=\"_ _f\"> </span>ser<span class=\"_ _0\"></span>v<span class=\"_ _1\"></span>izi  sono <span class=\"_ _f\"> </span>ricevuti,  ad<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs449\">eccezione <span class=\"_ _1\"></span>dei costi <span class=\"_ _3\"></span>di emissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>di tit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>li a<span class=\"_ _1\"></span>zionari <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>tito<span class=\"_ _0\"></span>li d<span class=\"_ _3\"></span>i debito c<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>devono esse<span class=\"_ _3\"></span>re rilevati se<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs44a\">quanto disposto dall<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> IAS 32 e<span class=\"_ _1\"></span> dallo IAS 39.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs44b\">Le <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>peraz<span class=\"_ _1\"></span>ioni <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>aggregazione <span class=\"_ _0\"></span>aziendale <span class=\"_ _0\"></span>son<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>cont<span class=\"_ _1\"></span>abilizzate <span class=\"_ _0\"></span>secondo <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>\u201cmetodo <span class=\"_ _0\"></span>dell\u2019acquisizione\u201d, i<span class=\"_ _0\"></span>n </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs44c\">base al <span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ale le <span class=\"_ _0\"></span>attivit\u00e0 identificabili acquisite <span class=\"_ _0\"></span>(com<span class=\"_ _3\"></span>pr<span class=\"_ _0\"></span>ese eventuali <span class=\"_ _0\"></span>attivit\u00e0 immateriali i<span class=\"_ _0\"></span>n precedenza </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs44e\">non <span class=\"_ _6\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>dall<span class=\"_ _1\"></span>\u2019impresa <span class=\"_ _6\"></span>acquisita) <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _f\"> </span>passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _6\"></span>identificabili<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>assu<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>(comprese <span class=\"_ _6\"></span>quelle <span class=\"_ _6\"></span>potenziali) </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs44f\">devono essere rilevate a<span class=\"_ _1\"></span>i rispettivi fai<span class=\"_ _1\"></span>r value alla da<span class=\"_ _3\"></span>ta di ac<span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uisizione. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs450\">Inoltre, <span class=\"_ _3\"></span>ev<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tual<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>quote <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>minoranza <span class=\"_ _3\"></span>nella <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>acquisita <span class=\"_ _3\"></span>(per <span class=\"_ _3\"></span>ogni <span class=\"_ _1\"></span>agg<span class=\"_ _1\"></span>regazione <span class=\"_ _3\"></span>aziendale) <span class=\"_ _3\"></span>posso<span class=\"_ _1\"></span>no </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs451\">essere rilevate <span class=\"_ _3\"></span>al fair <span class=\"_ _3\"></span>value (<span class=\"_ _1\"></span>con co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>seguente <span class=\"_ _1\"></span>incre<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ento <span class=\"_ _3\"></span>del corrispetti<span class=\"_ _1\"></span>vo t<span class=\"_ _1\"></span>rasferito) <span class=\"_ _1\"></span>o in <span class=\"_ _3\"></span>proporzione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs452\">alla quota della parte<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipazio<span class=\"_ _1\"></span>ne di minoranza nelle a<span class=\"_ _3\"></span>ttivit\u00e0 nette identificabili de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>le s<span class=\"_ _1\"></span>ociet\u00e0 acquisite<span class=\"_ _1\"></span>. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs453\">Se <span class=\"_ _1d\"> </span>il <span class=\"_ _1d\"> </span>controllo <span class=\"_ _18\"> </span>v<span class=\"_ _0\"></span>iene <span class=\"_ _1d\"> </span>realizzato<span class=\"_ _1\"></span> <span class=\"_ _1d\"> </span>attraverso <span class=\"_ _1d\"> </span>acquisti <span class=\"_ _1d\"> </span>successi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i, <span class=\"_ _1d\"> </span>l\u2019a<span class=\"_ _1\"></span>cquir<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _1d\"> </span>deve <span class=\"_ _18\"> </span>ricalcolare </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs454\">l\u2019interessenza <span class=\"_ _b\"></span>che <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>nev<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>precedenza <span class=\"_ _b\"></span>nella <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _b\"></span>acquisita <span class=\"_ _b\"></span>al <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ispetti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>fair <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _b\"></span>alla <span class=\"_ _b\"></span>data <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs455\">acquisizione <span class=\"_ _f\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>rileva<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>\u2019e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tuale <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>enza <span class=\"_ _5\"></span>rispetto <span class=\"_ _f\"> </span>al<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _1\"></span>recedente <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs456\">carico. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs457\">L\u2019eccedenza <span class=\"_ _b\"></span>tra <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>corrispettivo <span class=\"_ _b\"></span>trasferito <span class=\"_ _5\"></span>(rapp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>entato <span class=\"_ _5\"></span>dal <span class=\"_ _b\"></span>fair<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>value <span class=\"_ _b\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _b\"></span>tr<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ite, <span class=\"_ _5\"></span>delle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs458\">passivit\u00e0 so<span class=\"_ _0\"></span>sten<span class=\"_ _1\"></span>ute <span class=\"_ _0\"></span>o degli <span class=\"_ _0\"></span>strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti d<span class=\"_ _0\"></span>i capitale emessi d<span class=\"_ _0\"></span>all\u2019a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quirente), eventualme<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>integrato d<span class=\"_ _0\"></span>al </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs459\">valore <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>quote <span class=\"_ _0\"></span>di minor<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nza <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minato<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>come <span class=\"_ _0\"></span>sopra <span class=\"_ _0\"></span>esp<span class=\"_ _1\"></span>osto) <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>fair <span class=\"_ _0\"></span>value dell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>interesse<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ze </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs45a\">gi\u00e0 <span class=\"_ _5\"></span>possedute <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>all<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>quirente, <span class=\"_ _b\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _b\"></span>value <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _b\"></span>acquisite <span class=\"_ _b\"></span>deve <span class=\"_ _5\"></span>essere <span class=\"_ _b\"></span>ril<span class=\"_ _0\"></span>evata<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs45b\">com<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>viament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>; <span class=\"_ _3\"></span>qualora <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>fair <span class=\"_ _3\"></span>value d<span class=\"_ _3\"></span>i t<span class=\"_ _1\"></span>ali <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>passivit\u00e0 <span class=\"_ _3\"></span>acq<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>isite <span class=\"_ _3\"></span>risultino, <span class=\"_ _3\"></span>invece, <span class=\"_ _3\"></span>superiori <span class=\"_ _3\"></span>alla </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs45c\">sommatoria <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>corrispettivo, <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>quote<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>noranza <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _5\"></span>fair <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>le <span class=\"_ _5\"></span>qu<span class=\"_ _1\"></span>ote <span class=\"_ _b\"></span>gi\u00e0 <span class=\"_ _5\"></span>possedute, <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs45d\">differenza deve essere <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mputata a<span class=\"_ _1\"></span> conto e<span class=\"_ _1\"></span>conomico. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs45e\">La  contabilizzazio<span class=\"_ _1\"></span>ne  dell\u2019operazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne  di<span class=\"_ _1\"></span>  aggregazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne  p<span class=\"_ _1\"></span>u\u00f2  avvenire  p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ovviso<span class=\"_ _1\"></span>riamente  entro  la <span class=\"_ _f\"> </span>fine </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs45f\">dell\u2019esercizio <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>cui <span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>\u2019aggregazione vi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e realizzata e <span class=\"_ _0\"></span>deve <span class=\"_ _0\"></span>essere <span class=\"_ _0\"></span>per<span class=\"_ _1\"></span>fezionata en<span class=\"_ _0\"></span>tr<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>dodici m<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>dall<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs460\">data di acquisizione.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs461\">Le <span class=\"_ _0\"></span>contabilizza<span class=\"_ _1\"></span>zioni <span class=\"_ _0\"></span>di u<span class=\"_ _0\"></span>lte<span class=\"_ _1\"></span>riori <span class=\"_ _0\"></span>quote <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>partecipazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne in <span class=\"_ _0\"></span>societ\u00e0 g<span class=\"_ _0\"></span>i\u00e0 c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntrollate <span class=\"_ _0\"></span>sono considerate, <span class=\"_ _0\"></span>ai </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs462\">sensi <span class=\"_ _f\"> </span>dell\u2019IFRS <span class=\"_ _f\"> </span>10, <span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>operazione <span class=\"_ _f\"> </span>sul <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>apitale, <span class=\"_ _6\"></span>ossia <span class=\"_ _f\"> </span>o<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>razioni <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>soci <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>agiscono <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la <span class=\"_ _f\"> </span>loro </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs463\">qualit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>soci. <span class=\"_ _5\"></span>Pertanto, <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>differenze <span class=\"_ _5\"></span>tra <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>acqu<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>ne <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>valore <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ontabile <span class=\"_ _b\"></span>delle <span class=\"_ _5\"></span>quote <span class=\"_ _5\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs464\">minoranza <span class=\"_ _5\"></span>acquisite <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>utate <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>patrimonio <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>etto <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>gruppo; <span class=\"_ _5\"></span>parimenti, <span class=\"_ _6\"></span>le <span class=\"_ _5\"></span>vendite <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>quote <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs465\">minoranza <span class=\"_ _0\"></span>senza <span class=\"_ _0\"></span>perdita <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>controllo <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>generano <span class=\"_ _0\"></span>utili/perdite <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>conto <span class=\"_ _0\"></span>economico <span class=\"_ _0\"></span>ma <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iazio<span class=\"_ _1\"></span>ni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs466\">del patrimonio netto <span class=\"_ _1\"></span>di Gruppo.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs467\">Non sono <span class=\"_ _3\"></span>configurabili c<span class=\"_ _1\"></span>ome ag<span class=\"_ _1\"></span>gr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i a<span class=\"_ _1\"></span>ziendali<span class=\"_ _1\"></span> le <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>perazioni <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nalizzate <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>i) a<span class=\"_ _1\"></span>l c<span class=\"_ _1\"></span>ontrollo di <span class=\"_ _3\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>pi\u00f9 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs468\">imprese <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>tuisc<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _b\"></span>un<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _5\"></span>aziendal<span class=\"_ _1\"></span>e, <span class=\"_ _6\"></span>(ii) <span class=\"_ _5\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollo<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>in <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>ia <span class=\"_ _5\"></span>transitoria<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>(iii) <span class=\"_ _5\"></span>con <span class=\"_ _6\"></span>scopi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs469\">riorganizzativi, quindi tra d<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>pi\u00f9<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>imp<span class=\"_ _1\"></span>rese o <span class=\"_ _0\"></span>attivi<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _0\"></span>aziendali gi<span class=\"_ _0\"></span>\u00e0<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>facenti parte d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _0\"></span>Grupp<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>e che non </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs46a\">com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>ta <span class=\"_ _8\"></span>cambiamento <span class=\"_ _3\"></span>degli <span class=\"_ _3\"></span>assetti <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>controllo <span class=\"_ _8\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>dipendente<span class=\"_ _1\"></span>mente <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>percentuale <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>diritti <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>terzi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs46b\">prima <span class=\"_ _16\"> </span>e <span class=\"_ _1f\"> </span>dopo <span class=\"_ _1f\"> </span>l\u2019ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione <span class=\"_ _16\"> </span>(cosiddette <span class=\"_ _16\"> </span>aggregazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _16\"> </span>aziendali <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>imprese <span class=\"_ _16\"> </span>so<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>oposte <span class=\"_ _1f\"> </span>a <span class=\"_ _16\"> </span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollo<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs46c\">comune); <span class=\"_ _16\"> </span>tali <span class=\"_ _c\"> </span>operazioni <span class=\"_ _16\"> </span>sono <span class=\"_ _16\"> </span>con<span class=\"_ _1\"></span>siderate <span class=\"_ _c\"> </span>pri<span class=\"_ _0\"></span>ve <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>sostanza <span class=\"_ _c\"> </span>economic<span class=\"_ _0\"></span>a. <span class=\"_ _c\"> </span>Pertant<span class=\"_ _1\"></span>o, <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>assenza <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs46d\">specifiche <span class=\"_ _5\"></span>indicazioni <span class=\"_ _6\"></span>previste <span class=\"_ _b\"></span>dai <span class=\"_ _6\"></span>principi <span class=\"_ _6\"></span>IFRS <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>ader<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>con <span class=\"_ _5\"></span>le <span class=\"_ _6\"></span>presunzioni <span class=\"_ _5\"></span>dello <span class=\"_ _6\"></span>IAS <span class=\"_ _5\"></span>8, <span class=\"_ _6\"></span>(le <span class=\"_ _5\"></span>cui </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs46e\">previsioni  indica<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o  c<span class=\"_ _1\"></span>he,  in  assenza <span class=\"_ _f\"> </span>di  un  principi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  spec<span class=\"_ _1\"></span>ifico,  l\u2019impresa <span class=\"_ _f\"> </span>debb<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>  f<span class=\"_ _0\"></span>are<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>u<span class=\"_ _3\"></span>so  del  proprio </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs46f\">giudizio <span class=\"_ _d\"> </span>nel<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icare <span class=\"_ _d\"> </span>un <span class=\"_ _e\"> </span>principio <span class=\"_ _d\"> </span>contabile <span class=\"_ _d\"> </span>che <span class=\"_ _e\"> </span>fornisca <span class=\"_ _e\"> </span>un\u2019in<span class=\"_ _1\"></span>formativa <span class=\"_ _e\"> </span>rileva<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te, <span class=\"_ _e\"> </span>atte<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dibile,<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs470\">prudente <span class=\"_ _91\"> </span>e <span class=\"_ _21\"> </span>che <span class=\"_ _91\"> </span>rifletta <span class=\"_ _21\"> </span>la <span class=\"_ _91\"> </span>sostanza <span class=\"_ _21\"> </span>economica <span class=\"_ _21\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione), <span class=\"_ _91\"> </span>es<span class=\"_ _3\"></span>se <span class=\"_ _91\"> </span>sono <span class=\"_ _91\"> </span>c<span class=\"_ _1\"></span>ontabilizzate </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs471\">salvaguardando la cont<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>uit\u00e0 dei valori dell\u2019ac<span class=\"_ _1\"></span>quisita<span class=\"_ _1\"></span> nel bilancio dell\u2019ac<span class=\"_ _1\"></span>quirente. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs472\">Le  fu<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ioni  ri<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tra<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o  tra  le  o<span class=\"_ _0\"></span>perazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni  di  concentr<span class=\"_ _3\"></span>azion<span class=\"_ _0\"></span>e  tra  imprese,  rappresentando  la  forma  di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs473\">aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>aziendale <span class=\"_ _3\"></span>pi\u00f9 completa, <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>quanto <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>ortano l\u2019un<span class=\"_ _1\"></span>ificazione sia <span class=\"_ _3\"></span>giuridica c<span class=\"_ _1\"></span>he ec<span class=\"_ _1\"></span>onomica </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs474\">dei soggetti che <span class=\"_ _1\"></span>vi partecipano.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs475\">Le <span class=\"_ _f\"> </span>fusioni, <span class=\"_ _f\"> </span>siano<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>esse <span class=\"_ _f\"> </span>proprie, <span class=\"_ _6\"></span>cio\u00e8 <span class=\"_ _f\"> </span>con <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>costituzion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>un <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>uovo <span class=\"_ _f\"> </span>s<span class=\"_ _1\"></span>oggetto <span class=\"_ _f\"> </span>giu<span class=\"_ _1\"></span>ridico <span class=\"_ _f\"></span>oppure <span class=\"_ _6\"></span>\u201c<span class=\"_ _0\"></span>pe<span class=\"_ _1\"></span>r </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs476\">incorporazione\u201d <span class=\"_ _c\"> </span>con <span class=\"_ _16\"> </span>la <span class=\"_ _c\"> </span>confluenza <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>un<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>impresa <span class=\"_ _c\"> </span>in <span class=\"_ _16\"> </span>un\u2019altra<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>imp<span class=\"_ _1\"></span>resa <span class=\"_ _16\"> </span>gi\u00e0 <span class=\"_ _c\"> </span>esistente, <span class=\"_ _c\"> </span>sono <span class=\"_ _c\"> </span>tr<span class=\"_ _0\"></span>atta<span class=\"_ _1\"></span>te </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs477\">secondo i criteri p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ecedenteme<span class=\"_ _1\"></span>nte illustrati, <span class=\"_ _1\"></span>in particolare: </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs478\"><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">se <span class=\"_ _1\"></span>l\u2019operazione <span class=\"_ _3\"></span>com<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>trasf<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mento <span class=\"_ _3\"></span>del <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>ollo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>un\u2019impresa, <span class=\"_ _3\"></span>essa <span class=\"_ _3\"></span>viene <span class=\"_ _3\"></span>trattata <span class=\"_ _3\"></span>co<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs479\">un\u2019operazione di ag<span class=\"_ _1\"></span>gr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e ai se<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>si dell<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>IFRS 3<span class=\"_ _1\"></span>; </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs47a\"><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">se <span class=\"_ _e\"> </span>l<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>operazione <span class=\"_ _d\"> </span>non <span class=\"_ _e\"> </span>comporta <span class=\"_ _d\"> </span>il <span class=\"_ _e\"> </span>trasferimento <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>ontroll<span class=\"_ _1\"></span>o, <span class=\"_ _e\"> </span>essa <span class=\"_ _d\"> </span>vien<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>contabilizzata<span class=\"_ _3\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs47b\">privilegiando la <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontinuit\u00e0 de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> valor<span class=\"_ _1\"></span>i della societ\u00e0 i<span class=\"_ _1\"></span>ncorporata. </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-500": {
   "value": "Cassa e dispo<span class=\"_ _0\"></span>nibilit\u00e0 liquide <span class=\"_ _0\"></span> In <span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>uesta <span class=\"_ _0\"></span>voce <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>classificate <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ia<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>enze <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>valute <span class=\"_ _0\"></span>aventi <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ors<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>egale<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>comprese <span class=\"_ _0\"></span>le <span class=\"_ _b\"></span>banc<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>note <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>le mon<span class=\"_ _0\"></span>ete <span class=\"_ _3\"></span>divisional<span class=\"_ _1\"></span>i estere<span class=\"_ _3\"></span> (\u201ccassa <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>tante<span class=\"_ _3\"></span>\u201d),<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>nonch\u00e9 <span class=\"_ _3\"></span>le disponibil<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1\"></span>dei <span class=\"_ _1\"></span>conti <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>orrenti <span class=\"_ _3\"></span>e dep<span class=\"_ _1\"></span>ositi a<span class=\"_ _1\"></span> v<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>sta depositati presso Istit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ti di c<span class=\"_ _1\"></span>redito. Tali disponibi<span class=\"_ _1\"></span>lit\u00e0<span class=\"_ _1\"></span> sono iscritte al lor<span class=\"_ _1\"></span>o v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re no<span class=\"_ _1\"></span>minale. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-474": {
   "value": "Attivit<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _1\"></span>anziari<span class=\"_ _0\"></span>e valutate al<span class=\"_ _0\"></span> f<span class=\"_ _1\"></span>ai<span class=\"_ _0\"></span>r value co<span class=\"_ _0\"></span>n impatto a conto<span class=\"_ _0\"></span> economico (F<span class=\"_ _0\"></span>VTPL) Criteri di classifica<span class=\"_ _1\"></span>zione In <span class=\"_ _6\"></span>questa <span class=\"_ _6\"></span>categoria <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>lassifi<span class=\"_ _1\"></span>cate <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziarie <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ite <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>l\u2019obiettivo <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ealizza<span class=\"_ _1\"></span>re <span class=\"_ _6\"></span>flussi fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari <span class=\"_ _3\"></span>princi<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>lmente <span class=\"_ _3\"></span>mediante<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dita <span class=\"_ _8\"></span>dell<span class=\"_ _0\"></span>e <span class=\"_ _8\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>finanziari <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontratt<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali <span class=\"_ _8\"></span>non sia<span class=\"_ _1\"></span>no esclusivamente <span class=\"_ _3\"></span>rappresentati <span class=\"_ _3\"></span>da pa<span class=\"_ _1\"></span>gamenti d<span class=\"_ _3\"></span>i capit<span class=\"_ _1\"></span>ale e <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>ressi matu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>sull\u2019importo <span class=\"_ _3\"></span>del capita<span class=\"_ _1\"></span>le da<span class=\"_ _3\"></span> restituire (titoli di<span class=\"_ _1\"></span> capitale, titoli di <span class=\"_ _1\"></span>debito e qu<span class=\"_ _1\"></span>ote di OICR). In particolare, la <span class=\"_ _1\"></span>categoria in esame ri<span class=\"_ _1\"></span>comprende le <span class=\"_ _3\"></span>segu<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>nti sottocategorie<span class=\"_ _3\"></span>: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _3\"></span>di ne<span class=\"_ _3\"></span>goziazione: <span class=\"_ _1\"></span>ricomprendon<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>attivit\u00e0 f<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie <span class=\"_ _3\"></span>acquisite <span class=\"_ _3\"></span>principalmente <span class=\"_ _3\"></span>al </span></span>fin<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>essere <span class=\"_ _b\"></span>vendute <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>breve <span class=\"_ _5\"></span>termine <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vati <span class=\"_ _b\"></span>non <span class=\"_ _5\"></span>designati <span class=\"_ _b\"></span>q<span class=\"_ _0\"></span>uali <span class=\"_ _b\"></span>strumenti <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>copertura <span class=\"_ _b\"></span>ed efficaci (titoli di <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ebit<span class=\"_ _1\"></span>o, titoli di capita<span class=\"_ _1\"></span>le, finanziame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti, quote di OICR e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>erivati)<span class=\"_ _3\"></span>; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _f\"></span>f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _6\"></span>designate <span class=\"_ _5\"></span>al <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span>r <span class=\"_ _6\"></span>valu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>:<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>mo<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>nto <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>lla <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione<span class=\"_ _1\"></span> </span></span>iniziale <span class=\"_ _18\"> </span>sono <span class=\"_ _18\"> </span>designate <span class=\"_ _17\"> </span>al <span class=\"_ _18\"> </span>f<span class=\"_ _0\"></span>air <span class=\"_ _18\"> </span>value <span class=\"_ _17\"> </span>su<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>b<span class=\"_ _0\"></span>asi <span class=\"_ _1b\"> </span>v<span class=\"_ _0\"></span>olonta<span class=\"_ _1\"></span>rie <span class=\"_ _18\"> </span>al <span class=\"_ _18\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _17\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _17\"> </span>eli<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>inare <span class=\"_ _17\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>durre significativamente  un'incoerenza  nella <span class=\"_ _c\"> </span>val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tazio<span class=\"_ _3\"></span>ne <span class=\"_ _c\"> </span>o <span class=\"_ _c\"> </span>ne<span class=\"_ _1\"></span>lla  ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>azione  (talvolta  definita  come \u00abasimmetria c<span class=\"_ _1\"></span>ontabile\u00bb) che a<span class=\"_ _1\"></span>ltrimenti risu<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>tereb<span class=\"_ _1\"></span>be dalla <span class=\"_ _1\"></span>valutazione delle<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 su basi<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>verse (titoli di debito e <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziament<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>); -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ltre attivit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziarie<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>bbligatoriamente <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alutate<span class=\"_ _3\"></span> al fair value:<span class=\"_ _1\"></span> attivit\u00e0 f<span class=\"_ _1\"></span>inanziarie n<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n dete<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> </span></span>con finalit\u00e0 di neg<span class=\"_ _1\"></span>oziazione (titoli di <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ebit<span class=\"_ _1\"></span>o, titoli di capita<span class=\"_ _1\"></span>le, finanziamenti, q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ote di OI<span class=\"_ _1\"></span>CR). Sono  i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>fine <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>se <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>questa <span class=\"_ _f\"> </span>voce <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esse<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ze <span class=\"_ _f\"> </span>az<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>arie <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>qualificabili <span class=\"_ _f\"></span>come <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>controllo, <span class=\"_ _f\"> </span>di collegamento o di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontroll<span class=\"_ _1\"></span>o congiunto. Quando,  e  solo  qua<span class=\"_ _1\"></span>ndo,  si  modifichi  il  modell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  di<span class=\"_ _3\"></span>  b<span class=\"_ _0\"></span>usiness  a<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ottato  pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  la <span class=\"_ _f\"> </span>g<span class=\"_ _0\"></span>estione <span class=\"_ _f\"> </span>dell<span class=\"_ _0\"></span>e  atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>\u00e8  p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ssi<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ile  e<span class=\"_ _3\"></span>ff<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>uar<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>riclassifiche <span class=\"_ _f\"> </span>in  a<span class=\"_ _3\"></span>ltr<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>ate<span class=\"_ _3\"></span>gorie  pre<span class=\"_ _1\"></span>viste <span class=\"_ _f\"> </span>dall<span class=\"_ _0\"></span>\u2019IF<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>S <span class=\"_ _f\"> </span>9.  La <span class=\"_ _f\"> </span>riclassif<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a avviene prospett<span class=\"_ _1\"></span>icamente a partire dalla data d<span class=\"_ _3\"></span>i riclassificazio<span class=\"_ _1\"></span>ne. Criteri di iscri<span class=\"_ _1\"></span>zione, valutazione <span class=\"_ _1\"></span>e cancellazione<span class=\"_ _1\"></span> Iscri<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>ione iniziale Al <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>oment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ilevazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>iniziale <span class=\"_ _b\"></span>l'attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _b\"></span>valutata <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>suo <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span>r <span class=\"_ _b\"></span>valu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ormal<span class=\"_ _1\"></span>mente <span class=\"_ _b\"></span>coincidente con <span class=\"_ _0\"></span>il costo, integrati <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>costi<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>o dei <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>oventi dell'operazione direttamente <span class=\"_ _0\"></span>attr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>buibi<span class=\"_ _1\"></span>li <span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>l'acquisizione o all'emissione del<span class=\"_ _1\"></span>l'attivit\u00e0. Valutazione successiva e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione delle <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompone<span class=\"_ _1\"></span>nti r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> alla rilevazione <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>iziale<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>le atti<span class=\"_ _1\"></span>vit\u00e0 finanziarie<span class=\"_ _1\"></span> in oggetto<span class=\"_ _3\"></span> sono valorizzat<span class=\"_ _1\"></span>e al fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue<span class=\"_ _1\"></span> e gli effetti dell\u2019app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazi<span class=\"_ _1\"></span>one di tale criterio d<span class=\"_ _1\"></span>i valuta<span class=\"_ _1\"></span>zione sono rilevati ne<span class=\"_ _1\"></span>l conto e<span class=\"_ _1\"></span>conomico. Per  la <span class=\"_ _f\"> </span>determ<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nazione  del <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>degli  strumenti <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziari <span class=\"_ _f\"> </span>quotati  in  u<span class=\"_ _1\"></span>n  mercato  a<span class=\"_ _3\"></span>ttivo,<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>sono utilizzate <span class=\"_ _16\"> </span>q<span class=\"_ _1\"></span>uotazioni <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>(prezzi <span class=\"_ _c\"> </span>domanda-offerta <span class=\"_ _c\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>prezzi <span class=\"_ _c\"> </span>medi) <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>l\u2019ultimo <span class=\"_ _c\"> </span>valore <span class=\"_ _c\"> </span>quota calcolato e reso disp<span class=\"_ _1\"></span>onibile al pubbli<span class=\"_ _1\"></span>co per le parti d<span class=\"_ _1\"></span>i OICR. Canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione Tali <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _0\"></span>vengono c<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ellate quando <span class=\"_ _0\"></span>sca<span class=\"_ _1\"></span>dono <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>diritti contrattuali <span class=\"_ _0\"></span>sui flussi <span class=\"_ _0\"></span>finanzia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vati <span class=\"_ _0\"></span>dalle attivit\u00e0 <span class=\"_ _1\"></span>stesse, o <span class=\"_ _1\"></span>quan<span class=\"_ _1\"></span>do ven<span class=\"_ _1\"></span>gono cedute t<span class=\"_ _3\"></span>rasferendo tutti <span class=\"_ _3\"></span>o sostanz<span class=\"_ _1\"></span>ialmente t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tti <span class=\"_ _3\"></span>i rischi e <span class=\"_ _3\"></span>benefici ad<span class=\"_ _1\"></span> esse connesse. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-522": {
   "value": "Attivit<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _1\"></span>anziari<span class=\"_ _0\"></span>e valutate al<span class=\"_ _0\"></span> f<span class=\"_ _1\"></span>ai<span class=\"_ _0\"></span>r value co<span class=\"_ _0\"></span>n impatto a conto<span class=\"_ _0\"></span> economico (F<span class=\"_ _0\"></span>VTPL) Criteri di classifica<span class=\"_ _1\"></span>zione In <span class=\"_ _6\"></span>questa <span class=\"_ _6\"></span>categoria <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>lassifi<span class=\"_ _1\"></span>cate <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziarie <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ite <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>l\u2019obiettivo <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ealizza<span class=\"_ _1\"></span>re <span class=\"_ _6\"></span>flussi fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari <span class=\"_ _3\"></span>princi<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>lmente <span class=\"_ _3\"></span>mediante<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dita <span class=\"_ _8\"></span>dell<span class=\"_ _0\"></span>e <span class=\"_ _8\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>finanziari <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontratt<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali <span class=\"_ _8\"></span>non sia<span class=\"_ _1\"></span>no esclusivamente <span class=\"_ _3\"></span>rappresentati <span class=\"_ _3\"></span>da pa<span class=\"_ _1\"></span>gamenti d<span class=\"_ _3\"></span>i capit<span class=\"_ _1\"></span>ale e <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>ressi matu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>sull\u2019importo <span class=\"_ _3\"></span>del capita<span class=\"_ _1\"></span>le da<span class=\"_ _3\"></span> restituire (titoli di<span class=\"_ _1\"></span> capitale, titoli di <span class=\"_ _1\"></span>debito e qu<span class=\"_ _1\"></span>ote di OICR). In particolare, la <span class=\"_ _1\"></span>categoria in esame ri<span class=\"_ _1\"></span>comprende le <span class=\"_ _3\"></span>segu<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>nti sottocategorie<span class=\"_ _3\"></span>: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _3\"></span>di ne<span class=\"_ _3\"></span>goziazione: <span class=\"_ _1\"></span>ricomprendon<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>attivit\u00e0 f<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie <span class=\"_ _3\"></span>acquisite <span class=\"_ _3\"></span>principalmente <span class=\"_ _3\"></span>al </span></span>fin<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>essere <span class=\"_ _b\"></span>vendute <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>breve <span class=\"_ _5\"></span>termine <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vati <span class=\"_ _b\"></span>non <span class=\"_ _5\"></span>designati <span class=\"_ _b\"></span>q<span class=\"_ _0\"></span>uali <span class=\"_ _b\"></span>strumenti <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>copertura <span class=\"_ _b\"></span>ed efficaci (titoli di <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ebit<span class=\"_ _1\"></span>o, titoli di capita<span class=\"_ _1\"></span>le, finanziame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti, quote di OICR e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>erivati)<span class=\"_ _3\"></span>; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _f\"></span>f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _6\"></span>designate <span class=\"_ _5\"></span>al <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span>r <span class=\"_ _6\"></span>valu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>:<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>mo<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>nto <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>lla <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione<span class=\"_ _1\"></span> </span></span>iniziale <span class=\"_ _18\"> </span>sono <span class=\"_ _18\"> </span>designate <span class=\"_ _17\"> </span>al <span class=\"_ _18\"> </span>f<span class=\"_ _0\"></span>air <span class=\"_ _18\"> </span>value <span class=\"_ _17\"> </span>su<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>b<span class=\"_ _0\"></span>asi <span class=\"_ _1b\"> </span>v<span class=\"_ _0\"></span>olonta<span class=\"_ _1\"></span>rie <span class=\"_ _18\"> </span>al <span class=\"_ _18\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _17\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _17\"> </span>eli<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>inare <span class=\"_ _17\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>durre significativamente  un'incoerenza  nella <span class=\"_ _c\"> </span>val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tazio<span class=\"_ _3\"></span>ne <span class=\"_ _c\"> </span>o <span class=\"_ _c\"> </span>ne<span class=\"_ _1\"></span>lla  ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>azione  (talvolta  definita  come \u00abasimmetria c<span class=\"_ _1\"></span>ontabile\u00bb) che a<span class=\"_ _1\"></span>ltrimenti risu<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>tereb<span class=\"_ _1\"></span>be dalla <span class=\"_ _1\"></span>valutazione delle<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 su basi<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>verse (titoli di debito e <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziament<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>); -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ltre attivit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziarie<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>bbligatoriamente <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alutate<span class=\"_ _3\"></span> al fair value:<span class=\"_ _1\"></span> attivit\u00e0 f<span class=\"_ _1\"></span>inanziarie n<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n dete<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> </span></span>con finalit\u00e0 di neg<span class=\"_ _1\"></span>oziazione (titoli di <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ebit<span class=\"_ _1\"></span>o, titoli di capita<span class=\"_ _1\"></span>le, finanziamenti, q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ote di OI<span class=\"_ _1\"></span>CR). Sono  i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>fine <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>se <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>questa <span class=\"_ _f\"> </span>voce <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esse<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ze <span class=\"_ _f\"> </span>az<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>arie <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>qualificabili <span class=\"_ _f\"></span>come <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>controllo, <span class=\"_ _f\"> </span>di collegamento o di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontroll<span class=\"_ _1\"></span>o congiunto. Quando,  e  solo  qua<span class=\"_ _1\"></span>ndo,  si  modifichi  il  modell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  di<span class=\"_ _3\"></span>  b<span class=\"_ _0\"></span>usiness  a<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ottato  pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  la <span class=\"_ _f\"> </span>g<span class=\"_ _0\"></span>estione <span class=\"_ _f\"> </span>dell<span class=\"_ _0\"></span>e  atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>\u00e8  p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ssi<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ile  e<span class=\"_ _3\"></span>ff<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>uar<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>riclassifiche <span class=\"_ _f\"> </span>in  a<span class=\"_ _3\"></span>ltr<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>ate<span class=\"_ _3\"></span>gorie  pre<span class=\"_ _1\"></span>viste <span class=\"_ _f\"> </span>dall<span class=\"_ _0\"></span>\u2019IF<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>S <span class=\"_ _f\"> </span>9.  La <span class=\"_ _f\"> </span>riclassif<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a avviene prospett<span class=\"_ _1\"></span>icamente a partire dalla data d<span class=\"_ _3\"></span>i riclassificazio<span class=\"_ _1\"></span>ne. Criteri di iscri<span class=\"_ _1\"></span>zione, valutazione <span class=\"_ _1\"></span>e cancellazione<span class=\"_ _1\"></span> Iscri<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>ione iniziale Al <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>oment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ilevazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>iniziale <span class=\"_ _b\"></span>l'attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _b\"></span>valutata <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>suo <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span>r <span class=\"_ _b\"></span>valu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ormal<span class=\"_ _1\"></span>mente <span class=\"_ _b\"></span>coincidente con <span class=\"_ _0\"></span>il costo, integrati <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>costi<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>o dei <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>oventi dell'operazione direttamente <span class=\"_ _0\"></span>attr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>buibi<span class=\"_ _1\"></span>li <span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>l'acquisizione o all'emissione del<span class=\"_ _1\"></span>l'attivit\u00e0. Valutazione successiva e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione delle <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompone<span class=\"_ _1\"></span>nti r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> alla rilevazione <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>iziale<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>le atti<span class=\"_ _1\"></span>vit\u00e0 finanziarie<span class=\"_ _1\"></span> in oggetto<span class=\"_ _3\"></span> sono valorizzat<span class=\"_ _1\"></span>e al fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue<span class=\"_ _1\"></span> e gli effetti dell\u2019app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazi<span class=\"_ _1\"></span>one di tale criterio d<span class=\"_ _1\"></span>i valuta<span class=\"_ _1\"></span>zione sono rilevati ne<span class=\"_ _1\"></span>l conto e<span class=\"_ _1\"></span>conomico. Per  la <span class=\"_ _f\"> </span>determ<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nazione  del <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>degli  strumenti <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziari <span class=\"_ _f\"> </span>quotati  in  u<span class=\"_ _1\"></span>n  mercato  a<span class=\"_ _3\"></span>ttivo,<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>sono utilizzate <span class=\"_ _16\"> </span>q<span class=\"_ _1\"></span>uotazioni <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>(prezzi <span class=\"_ _c\"> </span>domanda-offerta <span class=\"_ _c\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>prezzi <span class=\"_ _c\"> </span>medi) <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>l\u2019ultimo <span class=\"_ _c\"> </span>valore <span class=\"_ _c\"> </span>quota calcolato e reso disp<span class=\"_ _1\"></span>onibile al pubbli<span class=\"_ _1\"></span>co per le parti d<span class=\"_ _1\"></span>i OICR. Canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione Tali <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _0\"></span>vengono c<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ellate quando <span class=\"_ _0\"></span>sca<span class=\"_ _1\"></span>dono <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>diritti contrattuali <span class=\"_ _0\"></span>sui flussi <span class=\"_ _0\"></span>finanzia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vati <span class=\"_ _0\"></span>dalle attivit\u00e0 <span class=\"_ _1\"></span>stesse, o <span class=\"_ _1\"></span>quan<span class=\"_ _1\"></span>do ven<span class=\"_ _1\"></span>gono cedute t<span class=\"_ _3\"></span>rasferendo tutti <span class=\"_ _3\"></span>o sostanz<span class=\"_ _1\"></span>ialmente t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tti <span class=\"_ _3\"></span>i rischi e <span class=\"_ _3\"></span>benefici ad<span class=\"_ _1\"></span> esse connesse. Attivit<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _1\"></span>anziari<span class=\"_ _0\"></span>e valutate al<span class=\"_ _0\"></span> f<span class=\"_ _1\"></span>ai<span class=\"_ _0\"></span>r value co<span class=\"_ _0\"></span>n impatto sull<span class=\"_ _0\"></span>a red<span class=\"_ _1\"></span>ditivit\u00e0 <span class=\"_ _0\"></span>complessiv<span class=\"_ _0\"></span>a  Criteri di classifica<span class=\"_ _1\"></span>zione In <span class=\"_ _f\"> </span>questa <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ategoria <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>evati <span class=\"_ _6\"></span>i <span class=\"_ _f\"> </span>tit<span class=\"_ _1\"></span>oli <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale<span class=\"_ _1\"></span>, <span class=\"_ _f\"> </span>non <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>ti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>alit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>egoziaz<span class=\"_ _1\"></span>ione <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>non qualificabili <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>controllo <span class=\"_ _3\"></span>esclusivo, <span class=\"_ _3\"></span>co<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>legamento <span class=\"_ _3\"></span>e controllo <span class=\"_ _3\"></span>congiunto, <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>i quali <span class=\"_ _1\"></span>si <span class=\"_ _3\"></span>applica l<span class=\"_ _1\"></span>\u2019opzione <span class=\"_ _3\"></span>di classificarli <span class=\"_ _5\"></span>tra <span class=\"_ _b\"></span>le <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>fi<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie <span class=\"_ _b\"></span>valu<span class=\"_ _0\"></span>tat<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fair <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _b\"></span>con <span class=\"_ _5\"></span>impatto <span class=\"_ _5\"></span>sulla <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>edditivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>complessiva. Tale <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span>pzio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>esercitabile<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>momento <span class=\"_ _b\"></span>dell\u2019iscrizi<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>iniziale <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>singolo <span class=\"_ _5\"></span>strumento<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>fina<span class=\"_ _1\"></span>nziario <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>\u00e8<span class=\"_ _1\"></span> irr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>cabile.  Criteri di iscri<span class=\"_ _1\"></span>zione, valutazione <span class=\"_ _1\"></span>e cancellazione<span class=\"_ _1\"></span> Iscri<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>ione iniziale L\u2019iscrizione <span class=\"_ _0\"></span>iniziale <span class=\"_ _0\"></span>dell\u2019attivit\u00e0 f<span class=\"_ _0\"></span>inanziaria <span class=\"_ _0\"></span>avvie<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>alla <span class=\"_ _b\"></span>data <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eg<span class=\"_ _1\"></span>olamento. <span class=\"_ _b\"></span>Al<span class=\"_ _1\"></span>l\u2019atto <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>rilevazione iniziale  le  atti<span class=\"_ _1\"></span>vit\u00e0  sono  contabilizzate<span class=\"_ _1\"></span>  al  fair <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>alu<span class=\"_ _1\"></span>e,  che  normalmente <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rrisponde  al  c<span class=\"_ _1\"></span>orrispettivo pagato, <span class=\"_ _f\"> </span>comprensivo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>osti<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>e/o <span class=\"_ _f\"> </span>proventi <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>transazio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>direttamente <span class=\"_ _f\"> </span>attrib<span class=\"_ _1\"></span>uib<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>allo <span class=\"_ _f\"> </span>strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> stesso.  Valutazione successiva e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione delle <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompone<span class=\"_ _1\"></span>nti r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>alla <span class=\"_ _6\"></span>rilevazione <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span>iziale<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>fin<span class=\"_ _0\"></span>anzia<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>classificate <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _5\"></span>con <span class=\"_ _6\"></span>im<span class=\"_ _0\"></span>patto<span class=\"_ _3\"></span> sulla <span class=\"_ _0\"></span>redditivit\u00e0 complessiva sono<span class=\"_ _0\"></span> valorizzate al <span class=\"_ _0\"></span>fair valu<span class=\"_ _0\"></span>e e g<span class=\"_ _0\"></span>li effetti <span class=\"_ _0\"></span>dell\u2019app<span class=\"_ _1\"></span>licazione <span class=\"_ _0\"></span>di tale <span class=\"_ _0\"></span>criterio di <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tazione <span class=\"_ _3\"></span>sono <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontabil<span class=\"_ _1\"></span>izzati <span class=\"_ _3\"></span>in <span class=\"_ _1\"></span>contropart<span class=\"_ _1\"></span>ita <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>specifica <span class=\"_ _3\"></span>riserva <span class=\"_ _3\"></span>di p<span class=\"_ _1\"></span>atrimoni<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>(voce <span class=\"_ _3\"></span>160. Riserve <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>val<span class=\"_ _1\"></span>utazione). <span class=\"_ _6\"></span>Gli <span class=\"_ _6\"></span>im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>rilevati <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>sta <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ise<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>va <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>on <span class=\"_ _6\"></span>saranno <span class=\"_ _6\"></span>mai <span class=\"_ _6\"></span>oggetto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rigiro <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>el conto economico, nem<span class=\"_ _1\"></span>meno in caso <span class=\"_ _1\"></span>di cessione dell<span class=\"_ _1\"></span>\u2019attivit\u00e0. Per  la <span class=\"_ _f\"> </span>determ<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nazione  del <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>degli  strumenti <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziari <span class=\"_ _f\"> </span>quotati  in  u<span class=\"_ _1\"></span>n  mercato  a<span class=\"_ _3\"></span>ttivo,<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>sono utilizzate quotazioni <span class=\"_ _1\"></span>di mercato (p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ezzi doman<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a-o<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ta o prezzi <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>edi<span class=\"_ _1\"></span>). L\u2019unica <span class=\"_ _1d\"> </span>componente <span class=\"_ _1d\"> </span>rilevata <span class=\"_ _1d\"> </span>nel <span class=\"_ _1c\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _1d\"> </span>economico <span class=\"_ _1d\"> </span>\u00e8 <span class=\"_ _1c\"> </span>rappresentata <span class=\"_ _18\"> </span>d<span class=\"_ _0\"></span>ai <span class=\"_ _1d\"> </span>dividen<span class=\"_ _1\"></span>di <span class=\"_ _1c\"> </span>incassati<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> contabilizzata<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>nella voce \u201c40. <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ivide<span class=\"_ _1\"></span>ndi e proventi <span class=\"_ _3\"></span>assimi<span class=\"_ _0\"></span>lati\u201d<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>  Canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione  Le <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _f\"> </span>vengono <span class=\"_ _f\"> </span>cancellate <span class=\"_ _f\"> </span>quan<span class=\"_ _1\"></span>do <span class=\"_ _f\"> </span>sono<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ed<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>te <span class=\"_ _f\"> </span>trasferen<span class=\"_ _1\"></span>do  s<span class=\"_ _3\"></span>ostanzialmente <span class=\"_ _f\"> </span>tutti <span class=\"_ _f\"> </span>i rischi/benefi<span class=\"_ _1\"></span>ci ad <span class=\"_ _0\"></span>esse<span class=\"_ _3\"></span> connessi. Attivit<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _1\"></span>anziari<span class=\"_ _0\"></span>e valutate al<span class=\"_ _0\"></span> costo amm<span class=\"_ _0\"></span>ortizzato Criteri di classifica<span class=\"_ _1\"></span>zione In  questa<span class=\"_ _1\"></span>  categ<span class=\"_ _1\"></span>oria  so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>classificate <span class=\"_ _f\"> </span>le  attivit\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _f\"> </span>possedute  ne<span class=\"_ _1\"></span>l  q<span class=\"_ _1\"></span>uadro  di <span class=\"_ _f\"> </span>un  m<span class=\"_ _1\"></span>odello <span class=\"_ _f\"> </span>di business <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>cui<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>obi<span class=\"_ _0\"></span>etti<span class=\"_ _3\"></span>vo<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _15\"> </span>finalizzato <span class=\"_ _15\"> </span>alla <span class=\"_ _15\"> </span>r<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>co<span class=\"_ _3\"></span>lta <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>flussi <span class=\"_ _15\"> </span>finanziari <span class=\"_ _15\"> </span>contrattuali <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>ter<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>ini contrattuali <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l'attivit\u00e0 <span class=\"_ _c\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziaria <span class=\"_ _16\"> </span>pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>ono <span class=\"_ _16\"> </span>a <span class=\"_ _c\"> </span>determinate <span class=\"_ _16\"> </span>date <span class=\"_ _c\"> </span>flussi <span class=\"_ _c\"> </span>finanziari <span class=\"_ _16\"> </span>rapprese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tati unicamente da pagame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti del capita<span class=\"_ _1\"></span>le e dell'inte<span class=\"_ _1\"></span>resse sull'imp<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> capitale da <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ire.<span class=\"_ _3\"></span> In <span class=\"_ _f\"> </span>tale <span class=\"_ _f\"> </span>categoria <span class=\"_ _f\"> </span>sono<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>ric<span class=\"_ _1\"></span>ompresi <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>crediti <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"></span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ommissioni <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>patrim<span class=\"_ _1\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>gli eventuali <span class=\"_ _f\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>i  anticipati<span class=\"_ _3\"></span>  a <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>dei<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>patrimoni<span class=\"_ _1\"></span>  g<span class=\"_ _1\"></span>estiti, <span class=\"_ _f\"> </span>ol<span class=\"_ _0\"></span>tre<span class=\"_ _1\"></span>  alla <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>iqui<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _f\"> </span>depositata <span class=\"_ _f\"> </span>presso <span class=\"_ _f\"> </span>conti correnti bancari <span class=\"_ _1\"></span>non a vista.<span class=\"_ _1\"></span> Criteri di iscri<span class=\"_ _1\"></span>zione, valutazione <span class=\"_ _1\"></span>e cancellazione<span class=\"_ _1\"></span> Iscri<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>ione iniziale Alla d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>pri<span class=\"_ _1\"></span>ma <span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>cri<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>ione <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>attiv<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t\u00e0 finanziarie valutate <span class=\"_ _0\"></span>al costo <span class=\"_ _0\"></span>ammo<span class=\"_ _1\"></span>rtizzato <span class=\"_ _0\"></span>so<span class=\"_ _1\"></span>no <span class=\"_ _0\"></span>rilevate al <span class=\"_ _0\"></span>lor<span class=\"_ _1\"></span>o fair <span class=\"_ _c\"> </span>value, <span class=\"_ _c\"> </span>cor<span class=\"_ _1\"></span>rispondente <span class=\"_ _c\"> </span>di  n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rma <span class=\"_ _c\"> </span>all\u2019ammonta<span class=\"_ _1\"></span>re <span class=\"_ _c\"> </span>erogato <span class=\"_ _c\"> </span>o <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>c<span class=\"_ _1\"></span>orrispettivo <span class=\"_ _c\"> </span>pa<span class=\"_ _1\"></span>gato, <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>cui <span class=\"_ _c\"> </span>sono<span class=\"_ _1\"></span> aggiunti <span class=\"_ _1\"></span>gli eventuali <span class=\"_ _3\"></span>costi/proventi di <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>saz<span class=\"_ _1\"></span>ione di di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>etta <span class=\"_ _3\"></span>imputazione, se <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ateriali <span class=\"_ _1\"></span>e dete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nabili. I crediti sono isc<span class=\"_ _1\"></span>ritti alla data di e<span class=\"_ _1\"></span>rogazione. Valutazione successiva e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione delle <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompone<span class=\"_ _1\"></span>nti r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali Dopo <span class=\"_ _16\"> </span>la <span class=\"_ _c\"> </span>rilevazione <span class=\"_ _c\"> </span>iniziale, <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _c\"> </span>finanziarie <span class=\"_ _c\"> </span>in <span class=\"_ _16\"> </span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>sono <span class=\"_ _c\"> </span>valutate <span class=\"_ _16\"> </span>s<span class=\"_ _1\"></span>ulla <span class=\"_ _c\"> </span>b<span class=\"_ _0\"></span>ase <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o ammortizzato, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _5\"></span>di <span class=\"_ _f\"> </span>pr<span class=\"_ _1\"></span>ima <span class=\"_ _6\"></span>iscrizione <span class=\"_ _6\"></span>diminuito/aumentat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>dei <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>imborsi<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>capitale, <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> rettifiche/riprese <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>valore <span class=\"_ _15\"> </span>e <span class=\"_ _1f\"> </span>della <span class=\"_ _1f\"> </span>di<span class=\"_ _0\"></span>ffe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>enza <span class=\"_ _1f\"> </span>tra <span class=\"_ _16\"> </span>l<span class=\"_ _0\"></span>\u2019ammontare <span class=\"_ _1f\"> </span>erogato <span class=\"_ _15\"> </span>e <span class=\"_ _1f\"> </span>quello <span class=\"_ _15\"> </span>rimborsabile <span class=\"_ _1f\"> </span>a scadenza, <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olat<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>tasso <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>interesse <span class=\"_ _b\"></span>effettivo. <span class=\"_ _b\"></span>Il <span class=\"_ _b\"></span>meto<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>osto <span class=\"_ _b\"></span>ammortizzat<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span> non <span class=\"_ _f\"> </span>vi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>utilizz<span class=\"_ _1\"></span>ato <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>cred<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i  la <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ui <span class=\"_ _f\"> </span>breve <span class=\"_ _f\"> </span>dura<span class=\"_ _1\"></span>ta <span class=\"_ _f\"> </span>(inferiore <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>12<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>mesi) <span class=\"_ _f\"> </span>fa <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>itene<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>trascurabi<span class=\"_ _0\"></span>le<span class=\"_ _3\"></span> l\u2019effetto <span class=\"_ _6\"></span>dell\u2019applicazione <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>logica <span class=\"_ _5\"></span>di <span class=\"_ _f\"> </span>attual<span class=\"_ _1\"></span>izzazione. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>interesse <span class=\"_ _6\"></span>effettivo <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>indivi<span class=\"_ _1\"></span>duato calcolando <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>tasso <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _5\"></span>egua<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>lia <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>valore <span class=\"_ _5\"></span>attuale <span class=\"_ _5\"></span>dei <span class=\"_ _b\"></span>flussi <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>uturi <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>cr<span class=\"_ _0\"></span>edito <span class=\"_ _b\"></span>(capitale <span class=\"_ _b\"></span>ed <span class=\"_ _5\"></span>interessi) <span class=\"_ _5\"></span>al valore di prima isc<span class=\"_ _1\"></span>rizione.  In accordo con l\u2019IFRS <span class=\"_ _1\"></span>9, le eventuali pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>dite di <span class=\"_ _1\"></span>valore at<span class=\"_ _1\"></span>tese vengono determinate i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> un\u2019<span class=\"_ _1\"></span>ottica <span class=\"ff5\">\u2018forward </span>looking, \u2019<span class=\"ff2\"> lung<span class=\"_ _1\"></span>o tutta la vita dei c<span class=\"_ _1\"></span>rediti (<span class=\"ff5\">Expected cred<span class=\"_ _1\"></span>it losses<span class=\"ff2\">).  </span></span></span>I c<span class=\"_ _0\"></span>riteri di valu<span class=\"_ _0\"></span>tazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e sono <span class=\"_ _0\"></span>strettame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te connessi allo stadio <span class=\"_ _0\"></span>(\u201cstage<span class=\"ff5\">\u201d)</span> cui il<span class=\"_ _0\"></span> credito viene <span class=\"_ _0\"></span>classif<span class=\"_ _1\"></span>icato, in particolare: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">st<span class=\"_ _1\"></span>age 1 \u2013<span class=\"_ _0\"></span> accoglie <span class=\"_ _1\"></span>le attivit\u00e0 finanziarie per cui non <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>\u2019\u00e8 stato un dete<span class=\"_ _1\"></span>rioramento significativo nella </span></span>qualit\u00e0 del credito <span class=\"_ _1\"></span>dalla data di rilevazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne iniziale<span class=\"_ _3\"></span> oppure con un rischio di c<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>edit<span class=\"_ _1\"></span>o basso  (cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>b<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nis). <span class=\"_ _b\"></span>Per <span class=\"_ _b\"></span>queste <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _b\"></span>finanziarie <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne <span class=\"_ _b\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>svalutazione <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>alle <span class=\"_ _b\"></span>perdite attese nei suc<span class=\"_ _1\"></span>cessivi 12 mesi (12 <span class=\"ff5\">month e<span class=\"_ _3\"></span>x<span class=\"_ _0\"></span>pected cre<span class=\"_ _3\"></span>dit losses<span class=\"ff2\">);<span class=\"_ _4a1\"> </span></span></span><span class=\"ff5\"><span class=\"ff2\"> </span></span>-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">st<span class=\"_ _1\"></span>age <span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>accoglie i <span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iti<span class=\"_ _3\"></span> <span class=\"_ _b\"></span><span class=\"ff5\">under-performi<span class=\"_ _1\"></span>ng<span class=\"ff2\">, <span class=\"_ _0\"></span>ossia i <span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>ove <span class=\"_ _0\"></span>vi <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stato <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>aumento <span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nificativ<span class=\"_ _1\"></span>o </span></span></span></span>del <span class=\"_ _0\"></span>rischio <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>credit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>(\u201csi<span class=\"_ _1\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>icativ<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>deteriorament<span class=\"_ _3\"></span>o\u201d) <span class=\"_ _0\"></span>rispetto <span class=\"_ _0\"></span>all\u2019iscrizione in<span class=\"_ _0\"></span>iz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ale, ma <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> non <span class=\"_ _1f\"> </span>si<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>ha <span class=\"_ _15\"> </span>un\u2019obietti<span class=\"_ _1\"></span>va <span class=\"_ _15\"> </span>evidenza <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>un <span class=\"_ _15\"> </span>evento <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>perd<span class=\"_ _0\"></span>ita. <span class=\"_ _1f\"> </span>Per <span class=\"_ _15\"> </span>queste <span class=\"_ _1f\"> </span>attivit\u00e0 <span class=\"_ _1f\"> </span>finan<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>iari<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>la<span class=\"_ _1\"></span> svalutazione <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>determinata <span class=\"_ _f\"> </span>sulla<span class=\"_ _3\"></span>  base<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>perdit<span class=\"_ _3\"></span>a <span class=\"_ _f\"> </span>attesa <span class=\"_ _f\"> </span>complessi<span class=\"_ _1\"></span>va <span class=\"_ _f\"> </span>(<span class=\"ff5\">lifetime <span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>x<span class=\"_ _0\"></span>pected<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>credit </span>losses<span class=\"ff2\">); </span>-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">st<span class=\"_ _1\"></span>age <span class=\"_ _f\"> </span>3  \u2013 <span class=\"_ _f\"> </span>accoglie <span class=\"_ _f\"> </span>i <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>rediti <span class=\"_ _f\"> </span><span class=\"ff5\">non <span class=\"_ _f\"> </span>performing<span class=\"_ _3\"></span><span class=\"ff2\">,<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>ovvero<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>quel<span class=\"_ _0\"></span>le <span class=\"_ _f\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>quali <span class=\"_ _f\"> </span>ci  sia<span class=\"_ _3\"></span> </span></span></span></span>un\u2019obiettiva <span class=\"_ _b\"></span>evide<span class=\"_ _1\"></span>nza <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>perdita <span class=\"_ _b\"></span>alla <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>bilancio. <span class=\"_ _b\"></span>In <span class=\"_ _b\"></span>questo <span class=\"_ _0\"></span>caso <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>necessario <span class=\"_ _0\"></span>determinare <span class=\"_ _0\"></span>la svalutazione <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>misura <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>alla <span class=\"_ _0\"></span>perdita <span class=\"_ _b\"></span>attesa <span class=\"_ _0\"></span>complessiva <span class=\"_ _0\"></span>(<span class=\"ff5\">lifetime</span> <span class=\"_ _b\"></span><span class=\"ff5\">expected <span class=\"_ _0\"></span>credit <span class=\"_ _b\"></span>losses</span>). <span class=\"_ _b\"></span>In tali <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ircostanze <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>processo <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>valutaz<span class=\"_ _1\"></span>ione <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>analitico <span class=\"_ _f\"> </span>e <span class=\"_ _5\"></span>determinato <span class=\"_ _6\"></span>per <span class=\"_ _f\"> </span>cate<span class=\"_ _1\"></span>gorie <span class=\"_ _6\"></span>omog<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ee <span class=\"_ _6\"></span>e attribuito <span class=\"_ _1f\"> </span>analitica<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _16\"> </span>ad <span class=\"_ _16\"> </span>ogni <span class=\"_ _16\"> </span>posizione, <span class=\"_ _16\"> </span>tenendo <span class=\"_ _16\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>derazi<span class=\"_ _1\"></span>oni <span class=\"_ _16\"> </span>informazioni <span class=\"_ _16\"> </span><span class=\"ff5\">forward </span>looking <span class=\"ff2\">e<span class=\"_ _1\"></span>d i possibili scenari alternativi<span class=\"_ _1\"></span> di recupero.<span class=\"_ _1\"></span> </span>L\u2019<span class=\"ff5\">Expected <span class=\"_ _0\"></span>credit <span class=\"_ _0\"></span>losses <span class=\"_ _0\"></span></span>(ECL) <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _0\"></span>definito <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>principio <span class=\"_ _0\"></span>come <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>media <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>perdite <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>crediti <span class=\"_ _0\"></span>ponderata per i rispettivi rischi di inadempi<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>to. In <span class=\"_ _1\"></span>generale, ta<span class=\"_ _1\"></span>le stima prend<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>considerazione tre para<span class=\"_ _1\"></span>metri di <span class=\"_ _b\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hio: <span class=\"_ _b\"></span>(i) <span class=\"_ _5\"></span>la <span class=\"_ _b\"></span>probabilit\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>def<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ul<span class=\"_ _0\"></span>t,<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>(<span class=\"_ _0\"></span>ii<span class=\"_ _1\"></span>) <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>pe<span class=\"_ _1\"></span>rcentuale <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>perdita <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>aso <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>\u2019ins<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lvenza <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>(iii<span class=\"_ _1\"></span>) <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>stima dell\u2019esposizi<span class=\"_ _1\"></span>one creditizia al verificar<span class=\"_ _1\"></span>si dell\u2019ins<span class=\"_ _1\"></span>olv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>nza. Qualora <span class=\"_ _17\"> </span>i <span class=\"_ _17\"> </span>m<span class=\"_ _0\"></span>oti<span class=\"_ _1\"></span>vi <span class=\"_ _18\"> </span>della <span class=\"_ _17\"> </span>perdita <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>valore <span class=\"_ _18\"> </span>sian<span class=\"_ _1\"></span>o <span class=\"_ _17\"> </span>r<span class=\"_ _0\"></span>imossi<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>a <span class=\"_ _17\"> </span>seguito <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>un <span class=\"_ _18\"> </span>evento <span class=\"_ _17\"> </span>verificatosi successivame<span class=\"_ _1\"></span>nte <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>rilevazione <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _b\"></span>riduzione <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>valore, <span class=\"_ _5\"></span>vengono <span class=\"_ _6\"></span>effettuate <span class=\"_ _5\"></span>riprese <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valore <span class=\"_ _6\"></span>con imputazione <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>Conto <span class=\"_ _b\"></span>Econo<span class=\"_ _1\"></span>mico. <span class=\"_ _b\"></span>La<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>ripresa <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alore <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>pu\u00f2 <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>ccedere <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>costo <span class=\"_ _b\"></span>ammortiz<span class=\"_ _1\"></span>zato <span class=\"_ _b\"></span>che <span class=\"_ _0\"></span>lo strumento finanzia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io avrebbe a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> in assenza d<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>precedenti <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ettific<span class=\"_ _1\"></span>he.  Canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione Le <span class=\"_ _1f\"> </span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _16\"> </span>finanziarie <span class=\"_ _16\"> </span>valutate <span class=\"_ _1f\"> </span>al <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>sto <span class=\"_ _15\"> </span>ammo<span class=\"_ _1\"></span>rtizza<span class=\"_ _1\"></span>to <span class=\"_ _15\"> </span>sono <span class=\"_ _1f\"> </span>cancellate <span class=\"_ _16\"> </span>q<span class=\"_ _0\"></span>uando<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>sc<span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _16\"> </span>i <span class=\"_ _15\"> </span>diritti contrattuali <span class=\"_ _1c\"> </span>sui <span class=\"_ _1c\"> </span>fluss<span class=\"_ _1\"></span>i <span class=\"_ _1c\"> </span>finanziari <span class=\"_ _1d\"> </span>derivanti <span class=\"_ _1c\"> </span>dalle <span class=\"_ _1d\"> </span>stesse <span class=\"_ _1c\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>quando <span class=\"_ _1c\"> </span>sono <span class=\"_ _1d\"> </span>c<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>du<span class=\"_ _0\"></span>te <span class=\"_ _1c\"> </span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>asfe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>endo<span class=\"_ _1\"></span> sostanzialmente tutt<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> i ris<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi e be<span class=\"_ _1\"></span>nefici ad esse <span class=\"_ _1\"></span>connesse. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-536": {
   "value": "Attivit<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _1\"></span>anziari<span class=\"_ _0\"></span>e valutate al<span class=\"_ _0\"></span> f<span class=\"_ _1\"></span>ai<span class=\"_ _0\"></span>r value co<span class=\"_ _0\"></span>n impatto a conto<span class=\"_ _0\"></span> economico (F<span class=\"_ _0\"></span>VTPL) Criteri di classifica<span class=\"_ _1\"></span>zione In <span class=\"_ _6\"></span>questa <span class=\"_ _6\"></span>categoria <span class=\"_ _5\"></span>sono <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>lassifi<span class=\"_ _1\"></span>cate <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziarie <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ite <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>l\u2019obiettivo <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ealizza<span class=\"_ _1\"></span>re <span class=\"_ _6\"></span>flussi fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari <span class=\"_ _3\"></span>princi<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>lmente <span class=\"_ _3\"></span>mediante<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dita <span class=\"_ _8\"></span>dell<span class=\"_ _0\"></span>e <span class=\"_ _8\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>finanziari <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontratt<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali <span class=\"_ _8\"></span>non sia<span class=\"_ _1\"></span>no esclusivamente <span class=\"_ _3\"></span>rappresentati <span class=\"_ _3\"></span>da pa<span class=\"_ _1\"></span>gamenti d<span class=\"_ _3\"></span>i capit<span class=\"_ _1\"></span>ale e <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>ressi matu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>sull\u2019importo <span class=\"_ _3\"></span>del capita<span class=\"_ _1\"></span>le da<span class=\"_ _3\"></span> restituire (titoli di<span class=\"_ _1\"></span> capitale, titoli di <span class=\"_ _1\"></span>debito e qu<span class=\"_ _1\"></span>ote di OICR). In particolare, la <span class=\"_ _1\"></span>categoria in esame ri<span class=\"_ _1\"></span>comprende le <span class=\"_ _3\"></span>segu<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>nti sottocategorie<span class=\"_ _3\"></span>: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _3\"></span>di ne<span class=\"_ _3\"></span>goziazione: <span class=\"_ _1\"></span>ricomprendon<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>attivit\u00e0 f<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie <span class=\"_ _3\"></span>acquisite <span class=\"_ _3\"></span>principalmente <span class=\"_ _3\"></span>al </span></span>fin<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>essere <span class=\"_ _b\"></span>vendute <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>breve <span class=\"_ _5\"></span>termine <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vati <span class=\"_ _b\"></span>non <span class=\"_ _5\"></span>designati <span class=\"_ _b\"></span>q<span class=\"_ _0\"></span>uali <span class=\"_ _b\"></span>strumenti <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>copertura <span class=\"_ _b\"></span>ed efficaci (titoli di <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ebit<span class=\"_ _1\"></span>o, titoli di capita<span class=\"_ _1\"></span>le, finanziame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti, quote di OICR e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>erivati)<span class=\"_ _3\"></span>; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _f\"></span>f<span class=\"_ _1\"></span>inanziarie <span class=\"_ _6\"></span>designate <span class=\"_ _5\"></span>al <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span>r <span class=\"_ _6\"></span>valu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>:<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>mo<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>nto <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>lla <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione<span class=\"_ _1\"></span> </span></span>iniziale <span class=\"_ _18\"> </span>sono <span class=\"_ _18\"> </span>designate <span class=\"_ _17\"> </span>al <span class=\"_ _18\"> </span>f<span class=\"_ _0\"></span>air <span class=\"_ _18\"> </span>value <span class=\"_ _17\"> </span>su<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>b<span class=\"_ _0\"></span>asi <span class=\"_ _1b\"> </span>v<span class=\"_ _0\"></span>olonta<span class=\"_ _1\"></span>rie <span class=\"_ _18\"> </span>al <span class=\"_ _18\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _17\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _17\"> </span>eli<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>inare <span class=\"_ _17\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>durre significativamente  un'incoerenza  nella <span class=\"_ _c\"> </span>val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tazio<span class=\"_ _3\"></span>ne <span class=\"_ _c\"> </span>o <span class=\"_ _c\"> </span>ne<span class=\"_ _1\"></span>lla  ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>azione  (talvolta  definita  come \u00abasimmetria c<span class=\"_ _1\"></span>ontabile\u00bb) che a<span class=\"_ _1\"></span>ltrimenti risu<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>tereb<span class=\"_ _1\"></span>be dalla <span class=\"_ _1\"></span>valutazione delle<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 su basi<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>verse (titoli di debito e <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziament<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>); -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ltre attivit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziarie<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>bbligatoriamente <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alutate<span class=\"_ _3\"></span> al fair value:<span class=\"_ _1\"></span> attivit\u00e0 f<span class=\"_ _1\"></span>inanziarie n<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n dete<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> </span></span>con finalit\u00e0 di neg<span class=\"_ _1\"></span>oziazione (titoli di <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ebit<span class=\"_ _1\"></span>o, titoli di capita<span class=\"_ _1\"></span>le, finanziamenti, q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ote di OI<span class=\"_ _1\"></span>CR). Sono  i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>fine <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>se <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>questa <span class=\"_ _f\"> </span>voce <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esse<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ze <span class=\"_ _f\"> </span>az<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>arie <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>qualificabili <span class=\"_ _f\"></span>come <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>controllo, <span class=\"_ _f\"> </span>di collegamento o di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontroll<span class=\"_ _1\"></span>o congiunto. Quando,  e  solo  qua<span class=\"_ _1\"></span>ndo,  si  modifichi  il  modell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  di<span class=\"_ _3\"></span>  b<span class=\"_ _0\"></span>usiness  a<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ottato  pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  la <span class=\"_ _f\"> </span>g<span class=\"_ _0\"></span>estione <span class=\"_ _f\"> </span>dell<span class=\"_ _0\"></span>e  atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>\u00e8  p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ssi<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ile  e<span class=\"_ _3\"></span>ff<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>uar<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>riclassifiche <span class=\"_ _f\"> </span>in  a<span class=\"_ _3\"></span>ltr<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>ate<span class=\"_ _3\"></span>gorie  pre<span class=\"_ _1\"></span>viste <span class=\"_ _f\"> </span>dall<span class=\"_ _0\"></span>\u2019IF<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>S <span class=\"_ _f\"> </span>9.  La <span class=\"_ _f\"> </span>riclassif<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a avviene prospett<span class=\"_ _1\"></span>icamente a partire dalla data d<span class=\"_ _3\"></span>i riclassificazio<span class=\"_ _1\"></span>ne. Criteri di iscri<span class=\"_ _1\"></span>zione, valutazione <span class=\"_ _1\"></span>e cancellazione<span class=\"_ _1\"></span> Iscri<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>ione iniziale Al <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>oment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ilevazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>iniziale <span class=\"_ _b\"></span>l'attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _b\"></span>valutata <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>suo <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span>r <span class=\"_ _b\"></span>valu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ormal<span class=\"_ _1\"></span>mente <span class=\"_ _b\"></span>coincidente con <span class=\"_ _0\"></span>il costo, integrati <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>costi<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>o dei <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>oventi dell'operazione direttamente <span class=\"_ _0\"></span>attr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>buibi<span class=\"_ _1\"></span>li <span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>l'acquisizione o all'emissione del<span class=\"_ _1\"></span>l'attivit\u00e0. Valutazione successiva e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione delle <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompone<span class=\"_ _1\"></span>nti r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> alla rilevazione <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>iziale<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>le atti<span class=\"_ _1\"></span>vit\u00e0 finanziarie<span class=\"_ _1\"></span> in oggetto<span class=\"_ _3\"></span> sono valorizzat<span class=\"_ _1\"></span>e al fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue<span class=\"_ _1\"></span> e gli effetti dell\u2019app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazi<span class=\"_ _1\"></span>one di tale criterio d<span class=\"_ _1\"></span>i valuta<span class=\"_ _1\"></span>zione sono rilevati ne<span class=\"_ _1\"></span>l conto e<span class=\"_ _1\"></span>conomico. Per  la <span class=\"_ _f\"> </span>determ<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nazione  del <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>degli  strumenti <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziari <span class=\"_ _f\"> </span>quotati  in  u<span class=\"_ _1\"></span>n  mercato  a<span class=\"_ _3\"></span>ttivo,<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>sono utilizzate <span class=\"_ _16\"> </span>q<span class=\"_ _1\"></span>uotazioni <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>(prezzi <span class=\"_ _c\"> </span>domanda-offerta <span class=\"_ _c\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>prezzi <span class=\"_ _c\"> </span>medi) <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>l\u2019ultimo <span class=\"_ _c\"> </span>valore <span class=\"_ _c\"> </span>quota calcolato e reso disp<span class=\"_ _1\"></span>onibile al pubbli<span class=\"_ _1\"></span>co per le parti d<span class=\"_ _1\"></span>i OICR. Canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione Tali <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _0\"></span>vengono c<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ellate quando <span class=\"_ _0\"></span>sca<span class=\"_ _1\"></span>dono <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>diritti contrattuali <span class=\"_ _0\"></span>sui flussi <span class=\"_ _0\"></span>finanzia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vati <span class=\"_ _0\"></span>dalle attivit\u00e0 <span class=\"_ _1\"></span>stesse, o <span class=\"_ _1\"></span>quan<span class=\"_ _1\"></span>do ven<span class=\"_ _1\"></span>gono cedute t<span class=\"_ _3\"></span>rasferendo tutti <span class=\"_ _3\"></span>o sostanz<span class=\"_ _1\"></span>ialmente t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tti <span class=\"_ _3\"></span>i rischi e <span class=\"_ _3\"></span>benefici ad<span class=\"_ _1\"></span> esse connesse. Attivit<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _1\"></span>anziari<span class=\"_ _0\"></span>e valutate al<span class=\"_ _0\"></span> f<span class=\"_ _1\"></span>ai<span class=\"_ _0\"></span>r value co<span class=\"_ _0\"></span>n impatto sull<span class=\"_ _0\"></span>a red<span class=\"_ _1\"></span>ditivit\u00e0 <span class=\"_ _0\"></span>complessiv<span class=\"_ _0\"></span>a  Criteri di classifica<span class=\"_ _1\"></span>zione In <span class=\"_ _f\"> </span>questa <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ategoria <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>evati <span class=\"_ _6\"></span>i <span class=\"_ _f\"> </span>tit<span class=\"_ _1\"></span>oli <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale<span class=\"_ _1\"></span>, <span class=\"_ _f\"> </span>non <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>ti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>alit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>egoziaz<span class=\"_ _1\"></span>ione <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>non qualificabili <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>controllo <span class=\"_ _3\"></span>esclusivo, <span class=\"_ _3\"></span>co<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>legamento <span class=\"_ _3\"></span>e controllo <span class=\"_ _3\"></span>congiunto, <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>i quali <span class=\"_ _1\"></span>si <span class=\"_ _3\"></span>applica l<span class=\"_ _1\"></span>\u2019opzione <span class=\"_ _3\"></span>di classificarli <span class=\"_ _5\"></span>tra <span class=\"_ _b\"></span>le <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>fi<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie <span class=\"_ _b\"></span>valu<span class=\"_ _0\"></span>tat<span class=\"_ _1\"></span>e <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fair <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _b\"></span>con <span class=\"_ _5\"></span>impatto <span class=\"_ _5\"></span>sulla <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>edditivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>complessiva. Tale <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span>pzio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>esercitabile<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>momento <span class=\"_ _b\"></span>dell\u2019iscrizi<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>iniziale <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>singolo <span class=\"_ _5\"></span>strumento<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>fina<span class=\"_ _1\"></span>nziario <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>\u00e8<span class=\"_ _1\"></span> irr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>cabile.  Criteri di iscri<span class=\"_ _1\"></span>zione, valutazione <span class=\"_ _1\"></span>e cancellazione<span class=\"_ _1\"></span> Iscri<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>ione iniziale L\u2019iscrizione <span class=\"_ _0\"></span>iniziale <span class=\"_ _0\"></span>dell\u2019attivit\u00e0 f<span class=\"_ _0\"></span>inanziaria <span class=\"_ _0\"></span>avvie<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>alla <span class=\"_ _b\"></span>data <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eg<span class=\"_ _1\"></span>olamento. <span class=\"_ _b\"></span>Al<span class=\"_ _1\"></span>l\u2019atto <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>rilevazione iniziale  le  atti<span class=\"_ _1\"></span>vit\u00e0  sono  contabilizzate<span class=\"_ _1\"></span>  al  fair <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>alu<span class=\"_ _1\"></span>e,  che  normalmente <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rrisponde  al  c<span class=\"_ _1\"></span>orrispettivo pagato, <span class=\"_ _f\"> </span>comprensivo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>osti<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>e/o <span class=\"_ _f\"> </span>proventi <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>transazio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>direttamente <span class=\"_ _f\"> </span>attrib<span class=\"_ _1\"></span>uib<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>allo <span class=\"_ _f\"> </span>strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> stesso.  Valutazione successiva e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione delle <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompone<span class=\"_ _1\"></span>nti r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>alla <span class=\"_ _6\"></span>rilevazione <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span>iziale<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>fin<span class=\"_ _0\"></span>anzia<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>classificate <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _5\"></span>con <span class=\"_ _6\"></span>im<span class=\"_ _0\"></span>patto<span class=\"_ _3\"></span> sulla <span class=\"_ _0\"></span>redditivit\u00e0 complessiva sono<span class=\"_ _0\"></span> valorizzate al <span class=\"_ _0\"></span>fair valu<span class=\"_ _0\"></span>e e g<span class=\"_ _0\"></span>li effetti <span class=\"_ _0\"></span>dell\u2019app<span class=\"_ _1\"></span>licazione <span class=\"_ _0\"></span>di tale <span class=\"_ _0\"></span>criterio di <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tazione <span class=\"_ _3\"></span>sono <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontabil<span class=\"_ _1\"></span>izzati <span class=\"_ _3\"></span>in <span class=\"_ _1\"></span>contropart<span class=\"_ _1\"></span>ita <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>specifica <span class=\"_ _3\"></span>riserva <span class=\"_ _3\"></span>di p<span class=\"_ _1\"></span>atrimoni<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>(voce <span class=\"_ _3\"></span>160. Riserve <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>val<span class=\"_ _1\"></span>utazione). <span class=\"_ _6\"></span>Gli <span class=\"_ _6\"></span>im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>rilevati <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>sta <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ise<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>va <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>on <span class=\"_ _6\"></span>saranno <span class=\"_ _6\"></span>mai <span class=\"_ _6\"></span>oggetto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rigiro <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>el conto economico, nem<span class=\"_ _1\"></span>meno in caso <span class=\"_ _1\"></span>di cessione dell<span class=\"_ _1\"></span>\u2019attivit\u00e0. Per  la <span class=\"_ _f\"> </span>determ<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nazione  del <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>degli  strumenti <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziari <span class=\"_ _f\"> </span>quotati  in  u<span class=\"_ _1\"></span>n  mercato  a<span class=\"_ _3\"></span>ttivo,<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>sono utilizzate quotazioni <span class=\"_ _1\"></span>di mercato (p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ezzi doman<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a-o<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ta o prezzi <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>edi<span class=\"_ _1\"></span>). L\u2019unica <span class=\"_ _1d\"> </span>componente <span class=\"_ _1d\"> </span>rilevata <span class=\"_ _1d\"> </span>nel <span class=\"_ _1c\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _1d\"> </span>economico <span class=\"_ _1d\"> </span>\u00e8 <span class=\"_ _1c\"> </span>rappresentata <span class=\"_ _18\"> </span>d<span class=\"_ _0\"></span>ai <span class=\"_ _1d\"> </span>dividen<span class=\"_ _1\"></span>di <span class=\"_ _1c\"> </span>incassati<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> contabilizzata<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>nella voce \u201c40. <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ivide<span class=\"_ _1\"></span>ndi e proventi <span class=\"_ _3\"></span>assimi<span class=\"_ _0\"></span>lati\u201d<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>  Canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione  Le <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _f\"> </span>vengono <span class=\"_ _f\"> </span>cancellate <span class=\"_ _f\"> </span>quan<span class=\"_ _1\"></span>do <span class=\"_ _f\"> </span>sono<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ed<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>te <span class=\"_ _f\"> </span>trasferen<span class=\"_ _1\"></span>do  s<span class=\"_ _3\"></span>ostanzialmente <span class=\"_ _f\"> </span>tutti <span class=\"_ _f\"> </span>i rischi/benefi<span class=\"_ _1\"></span>ci ad <span class=\"_ _0\"></span>esse<span class=\"_ _3\"></span> connessi. Attivit<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _1\"></span>anziari<span class=\"_ _0\"></span>e valutate al<span class=\"_ _0\"></span> costo amm<span class=\"_ _0\"></span>ortizzato Criteri di classifica<span class=\"_ _1\"></span>zione In  questa<span class=\"_ _1\"></span>  categ<span class=\"_ _1\"></span>oria  so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>classificate <span class=\"_ _f\"> </span>le  attivit\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _f\"> </span>possedute  ne<span class=\"_ _1\"></span>l  q<span class=\"_ _1\"></span>uadro  di <span class=\"_ _f\"> </span>un  m<span class=\"_ _1\"></span>odello <span class=\"_ _f\"> </span>di business <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>cui<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>obi<span class=\"_ _0\"></span>etti<span class=\"_ _3\"></span>vo<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _15\"> </span>finalizzato <span class=\"_ _15\"> </span>alla <span class=\"_ _15\"> </span>r<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>co<span class=\"_ _3\"></span>lta <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>flussi <span class=\"_ _15\"> </span>finanziari <span class=\"_ _15\"> </span>contrattuali <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>ter<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>ini contrattuali <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l'attivit\u00e0 <span class=\"_ _c\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziaria <span class=\"_ _16\"> </span>pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>ono <span class=\"_ _16\"> </span>a <span class=\"_ _c\"> </span>determinate <span class=\"_ _16\"> </span>date <span class=\"_ _c\"> </span>flussi <span class=\"_ _c\"> </span>finanziari <span class=\"_ _16\"> </span>rapprese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tati unicamente da pagame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti del capita<span class=\"_ _1\"></span>le e dell'inte<span class=\"_ _1\"></span>resse sull'imp<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> capitale da <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ire.<span class=\"_ _3\"></span> In <span class=\"_ _f\"> </span>tale <span class=\"_ _f\"> </span>categoria <span class=\"_ _f\"> </span>sono<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>ric<span class=\"_ _1\"></span>ompresi <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>crediti <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"></span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ommissioni <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>patrim<span class=\"_ _1\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>gli eventuali <span class=\"_ _f\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>i  anticipati<span class=\"_ _3\"></span>  a <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>dei<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>patrimoni<span class=\"_ _1\"></span>  g<span class=\"_ _1\"></span>estiti, <span class=\"_ _f\"> </span>ol<span class=\"_ _0\"></span>tre<span class=\"_ _1\"></span>  alla <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>iqui<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _f\"> </span>depositata <span class=\"_ _f\"> </span>presso <span class=\"_ _f\"> </span>conti correnti bancari <span class=\"_ _1\"></span>non a vista.<span class=\"_ _1\"></span> Criteri di iscri<span class=\"_ _1\"></span>zione, valutazione <span class=\"_ _1\"></span>e cancellazione<span class=\"_ _1\"></span> Iscri<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>ione iniziale Alla d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>pri<span class=\"_ _1\"></span>ma <span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>cri<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>ione <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>attiv<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t\u00e0 finanziarie valutate <span class=\"_ _0\"></span>al costo <span class=\"_ _0\"></span>ammo<span class=\"_ _1\"></span>rtizzato <span class=\"_ _0\"></span>so<span class=\"_ _1\"></span>no <span class=\"_ _0\"></span>rilevate al <span class=\"_ _0\"></span>lor<span class=\"_ _1\"></span>o fair <span class=\"_ _c\"> </span>value, <span class=\"_ _c\"> </span>cor<span class=\"_ _1\"></span>rispondente <span class=\"_ _c\"> </span>di  n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rma <span class=\"_ _c\"> </span>all\u2019ammonta<span class=\"_ _1\"></span>re <span class=\"_ _c\"> </span>erogato <span class=\"_ _c\"> </span>o <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>c<span class=\"_ _1\"></span>orrispettivo <span class=\"_ _c\"> </span>pa<span class=\"_ _1\"></span>gato, <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>cui <span class=\"_ _c\"> </span>sono<span class=\"_ _1\"></span> aggiunti <span class=\"_ _1\"></span>gli eventuali <span class=\"_ _3\"></span>costi/proventi di <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>saz<span class=\"_ _1\"></span>ione di di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>etta <span class=\"_ _3\"></span>imputazione, se <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ateriali <span class=\"_ _1\"></span>e dete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nabili. I crediti sono isc<span class=\"_ _1\"></span>ritti alla data di e<span class=\"_ _1\"></span>rogazione. Valutazione successiva e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione delle <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompone<span class=\"_ _1\"></span>nti r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali Dopo <span class=\"_ _16\"> </span>la <span class=\"_ _c\"> </span>rilevazione <span class=\"_ _c\"> </span>iniziale, <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _c\"> </span>finanziarie <span class=\"_ _c\"> </span>in <span class=\"_ _16\"> </span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>sono <span class=\"_ _c\"> </span>valutate <span class=\"_ _16\"> </span>s<span class=\"_ _1\"></span>ulla <span class=\"_ _c\"> </span>b<span class=\"_ _0\"></span>ase <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o ammortizzato, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _5\"></span>di <span class=\"_ _f\"> </span>pr<span class=\"_ _1\"></span>ima <span class=\"_ _6\"></span>iscrizione <span class=\"_ _6\"></span>diminuito/aumentat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>dei <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>imborsi<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>capitale, <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> rettifiche/riprese <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>valore <span class=\"_ _15\"> </span>e <span class=\"_ _1f\"> </span>della <span class=\"_ _1f\"> </span>di<span class=\"_ _0\"></span>ffe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>enza <span class=\"_ _1f\"> </span>tra <span class=\"_ _16\"> </span>l<span class=\"_ _0\"></span>\u2019ammontare <span class=\"_ _1f\"> </span>erogato <span class=\"_ _15\"> </span>e <span class=\"_ _1f\"> </span>quello <span class=\"_ _15\"> </span>rimborsabile <span class=\"_ _1f\"> </span>a scadenza, <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olat<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>tasso <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>interesse <span class=\"_ _b\"></span>effettivo. <span class=\"_ _b\"></span>Il <span class=\"_ _b\"></span>meto<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>osto <span class=\"_ _b\"></span>ammortizzat<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span>non <span class=\"_ _f\"> </span>vi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>utilizz<span class=\"_ _1\"></span>ato <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>cred<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i  la <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ui <span class=\"_ _f\"> </span>breve <span class=\"_ _f\"> </span>dura<span class=\"_ _1\"></span>ta <span class=\"_ _f\"> </span>(inferiore <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>12<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>mesi) <span class=\"_ _f\"> </span>fa <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>itene<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>trascurabi<span class=\"_ _0\"></span>le<span class=\"_ _3\"></span> l\u2019effetto <span class=\"_ _6\"></span>dell\u2019applicazione <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>logica <span class=\"_ _5\"></span>di <span class=\"_ _f\"> </span>attual<span class=\"_ _1\"></span>izzazione. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>interesse <span class=\"_ _6\"></span>effettivo <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>indivi<span class=\"_ _1\"></span>duato calcolando <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>tasso <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _5\"></span>egua<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>lia <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>valore <span class=\"_ _5\"></span>attuale <span class=\"_ _5\"></span>dei <span class=\"_ _b\"></span>flussi <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>uturi <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>cr<span class=\"_ _0\"></span>edito <span class=\"_ _b\"></span>(capitale <span class=\"_ _b\"></span>ed <span class=\"_ _5\"></span>interessi) <span class=\"_ _5\"></span>al valore di prima isc<span class=\"_ _1\"></span>rizione.  In accordo con l\u2019IFRS <span class=\"_ _1\"></span>9, le eventuali pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>dite di <span class=\"_ _1\"></span>valore at<span class=\"_ _1\"></span>tese vengono determinate i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> un\u2019<span class=\"_ _1\"></span>ottica <span class=\"ff5\">\u2018forward </span>looking, \u2019<span class=\"ff2\"> lung<span class=\"_ _1\"></span>o tutta la vita dei c<span class=\"_ _1\"></span>rediti (<span class=\"ff5\">Expected cred<span class=\"_ _1\"></span>it losses<span class=\"ff2\">).  </span></span></span>I c<span class=\"_ _0\"></span>riteri di valu<span class=\"_ _0\"></span>tazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e sono <span class=\"_ _0\"></span>strettame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te connessi allo stadio <span class=\"_ _0\"></span>(\u201cstage<span class=\"ff5\">\u201d)</span> cui il<span class=\"_ _0\"></span> credito viene <span class=\"_ _0\"></span>classif<span class=\"_ _1\"></span>icato, in particolare: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">st<span class=\"_ _1\"></span>age 1 \u2013<span class=\"_ _0\"></span> accoglie <span class=\"_ _1\"></span>le attivit\u00e0 finanziarie per cui non <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>\u2019\u00e8 stato un dete<span class=\"_ _1\"></span>rioramento significativo nella </span></span>qualit\u00e0 del credito <span class=\"_ _1\"></span>dalla data di rilevazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne iniziale<span class=\"_ _3\"></span> oppure con un rischio di c<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>edit<span class=\"_ _1\"></span>o basso  (cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>b<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nis). <span class=\"_ _b\"></span>Per <span class=\"_ _b\"></span>queste <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _b\"></span>finanziarie <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne <span class=\"_ _b\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>svalutazione <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>alle <span class=\"_ _b\"></span>perdite attese nei suc<span class=\"_ _1\"></span>cessivi 12 mesi (12 <span class=\"ff5\">month e<span class=\"_ _3\"></span>x<span class=\"_ _0\"></span>pected cre<span class=\"_ _3\"></span>dit losses<span class=\"ff2\">);<span class=\"_ _4a1\"> </span></span></span><span class=\"ff5\"><span class=\"ff2\"> </span></span>-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">st<span class=\"_ _1\"></span>age <span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>accoglie i <span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iti<span class=\"_ _3\"></span> <span class=\"_ _b\"></span><span class=\"ff5\">under-performi<span class=\"_ _1\"></span>ng<span class=\"ff2\">, <span class=\"_ _0\"></span>ossia i <span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>ove <span class=\"_ _0\"></span>vi <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stato <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>aumento <span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nificativ<span class=\"_ _1\"></span>o </span></span></span></span>del <span class=\"_ _0\"></span>rischio <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>credit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>(\u201csi<span class=\"_ _1\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>icativ<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>deteriorament<span class=\"_ _3\"></span>o\u201d) <span class=\"_ _0\"></span>rispetto <span class=\"_ _0\"></span>all\u2019iscrizione in<span class=\"_ _0\"></span>iz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ale, ma <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> non <span class=\"_ _1f\"> </span>si<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>ha <span class=\"_ _15\"> </span>un\u2019obietti<span class=\"_ _1\"></span>va <span class=\"_ _15\"> </span>evidenza <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>un <span class=\"_ _15\"> </span>evento <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>perd<span class=\"_ _0\"></span>ita. <span class=\"_ _1f\"> </span>Per <span class=\"_ _15\"> </span>queste <span class=\"_ _1f\"> </span>attivit\u00e0 <span class=\"_ _1f\"> </span>finan<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>iari<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>la<span class=\"_ _1\"></span> svalutazione <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>determinata <span class=\"_ _f\"> </span>sulla<span class=\"_ _3\"></span>  base<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>perdit<span class=\"_ _3\"></span>a <span class=\"_ _f\"> </span>attesa <span class=\"_ _f\"> </span>complessi<span class=\"_ _1\"></span>va <span class=\"_ _f\"> </span>(<span class=\"ff5\">lifetime <span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>x<span class=\"_ _0\"></span>pected<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>credit </span>losses<span class=\"ff2\">); </span>-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">st<span class=\"_ _1\"></span>age <span class=\"_ _f\"> </span>3  \u2013 <span class=\"_ _f\"> </span>accoglie <span class=\"_ _f\"> </span>i <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>rediti <span class=\"_ _f\"> </span><span class=\"ff5\">non <span class=\"_ _f\"> </span>performing<span class=\"_ _3\"></span><span class=\"ff2\">,<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>ovvero<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>quel<span class=\"_ _0\"></span>le <span class=\"_ _f\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>quali <span class=\"_ _f\"> </span>ci  sia<span class=\"_ _3\"></span> </span></span></span></span>un\u2019obiettiva <span class=\"_ _b\"></span>evide<span class=\"_ _1\"></span>nza <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>perdita <span class=\"_ _b\"></span>alla <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>bilancio. <span class=\"_ _b\"></span>In <span class=\"_ _b\"></span>questo <span class=\"_ _0\"></span>caso <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>necessario <span class=\"_ _0\"></span>determinare <span class=\"_ _0\"></span>la svalutazione <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>misura <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>alla <span class=\"_ _0\"></span>perdita <span class=\"_ _b\"></span>attesa <span class=\"_ _0\"></span>complessiva <span class=\"_ _0\"></span>(<span class=\"ff5\">lifetime</span> <span class=\"_ _b\"></span><span class=\"ff5\">expected <span class=\"_ _0\"></span>credit <span class=\"_ _b\"></span>losses</span>). <span class=\"_ _b\"></span>In tali <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ircostanze <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>processo <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>valutaz<span class=\"_ _1\"></span>ione <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>analitico <span class=\"_ _f\"> </span>e <span class=\"_ _5\"></span>determinato <span class=\"_ _6\"></span>per <span class=\"_ _f\"> </span>cate<span class=\"_ _1\"></span>gorie <span class=\"_ _6\"></span>omog<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ee <span class=\"_ _6\"></span>e attribuito <span class=\"_ _1f\"> </span>analitica<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _16\"> </span>ad <span class=\"_ _16\"> </span>ogni <span class=\"_ _16\"> </span>posizione, <span class=\"_ _16\"> </span>tenendo <span class=\"_ _16\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>derazi<span class=\"_ _1\"></span>oni <span class=\"_ _16\"> </span>informazioni <span class=\"_ _16\"> </span><span class=\"ff5\">forward </span>looking <span class=\"ff2\">e<span class=\"_ _1\"></span>d i possibili scenari alternativi<span class=\"_ _1\"></span> di recupero.<span class=\"_ _1\"></span> </span>L\u2019<span class=\"ff5\">Expected <span class=\"_ _0\"></span>credit <span class=\"_ _0\"></span>losses <span class=\"_ _0\"></span></span>(ECL) <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _0\"></span>definito <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>principio <span class=\"_ _0\"></span>come <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>media <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>perdite <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>crediti <span class=\"_ _0\"></span>ponderata per i rispettivi rischi di inadempi<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>to. In <span class=\"_ _1\"></span>generale, ta<span class=\"_ _1\"></span>le stima prend<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>considerazione tre para<span class=\"_ _1\"></span>metri di <span class=\"_ _b\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hio: <span class=\"_ _b\"></span>(i) <span class=\"_ _5\"></span>la <span class=\"_ _b\"></span>probabilit\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>def<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ul<span class=\"_ _0\"></span>t,<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>(<span class=\"_ _0\"></span>ii<span class=\"_ _1\"></span>) <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>pe<span class=\"_ _1\"></span>rcentuale <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>perdita <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>aso <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>\u2019ins<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lvenza <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>(iii<span class=\"_ _1\"></span>) <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>stima dell\u2019esposizi<span class=\"_ _1\"></span>one creditizia al verificar<span class=\"_ _1\"></span>si dell\u2019ins<span class=\"_ _1\"></span>olv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>nza. Qualora <span class=\"_ _17\"> </span>i <span class=\"_ _17\"> </span>m<span class=\"_ _0\"></span>oti<span class=\"_ _1\"></span>vi <span class=\"_ _18\"> </span>della <span class=\"_ _17\"> </span>perdita <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>valore <span class=\"_ _18\"> </span>sian<span class=\"_ _1\"></span>o <span class=\"_ _17\"> </span>r<span class=\"_ _0\"></span>imossi<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>a <span class=\"_ _17\"> </span>seguito <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>un <span class=\"_ _18\"> </span>evento <span class=\"_ _17\"> </span>verificatosi successivame<span class=\"_ _1\"></span>nte <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>rilevazione <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _b\"></span>riduzione <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>valore, <span class=\"_ _5\"></span>vengono <span class=\"_ _6\"></span>effettuate <span class=\"_ _5\"></span>riprese <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valore <span class=\"_ _6\"></span>con imputazione <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>Conto <span class=\"_ _b\"></span>Econo<span class=\"_ _1\"></span>mico. <span class=\"_ _b\"></span>La<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>ripresa <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alore <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>pu\u00f2 <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>ccedere <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>costo <span class=\"_ _b\"></span>ammortiz<span class=\"_ _1\"></span>zato <span class=\"_ _b\"></span>che <span class=\"_ _0\"></span>lo strumento finanzia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io avrebbe a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> in assenza d<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>precedenti <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ettific<span class=\"_ _1\"></span>he.  Canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione Le <span class=\"_ _1f\"> </span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _16\"> </span>finanziarie <span class=\"_ _16\"> </span>valutate <span class=\"_ _1f\"> </span>al <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>sto <span class=\"_ _15\"> </span>ammo<span class=\"_ _1\"></span>rtizza<span class=\"_ _1\"></span>to <span class=\"_ _15\"> </span>sono <span class=\"_ _1f\"> </span>cancellate <span class=\"_ _16\"> </span>q<span class=\"_ _0\"></span>uando<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>sc<span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _16\"> </span>i <span class=\"_ _15\"> </span>diritti contrattuali <span class=\"_ _1c\"> </span>sui <span class=\"_ _1c\"> </span>fluss<span class=\"_ _1\"></span>i <span class=\"_ _1c\"> </span>finanziari <span class=\"_ _1d\"> </span>derivanti <span class=\"_ _1c\"> </span>dalle <span class=\"_ _1d\"> </span>stesse <span class=\"_ _1c\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>quando <span class=\"_ _1c\"> </span>sono <span class=\"_ _1d\"> </span>c<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>du<span class=\"_ _0\"></span>te <span class=\"_ _1c\"> </span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>asfe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>endo<span class=\"_ _1\"></span> sostanzialmente tutt<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> i ris<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi e be<span class=\"_ _1\"></span>nefici ad esse <span class=\"_ _1\"></span>connesse. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-501": {
   "value": "Quando,  e  solo  qua<span class=\"_ _1\"></span>ndo,  si  modifichi  il  modell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  di<span class=\"_ _3\"></span>  b<span class=\"_ _0\"></span>usiness  a<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ottato  pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  la <span class=\"_ _f\"> </span>g<span class=\"_ _0\"></span>estione <span class=\"_ _f\"> </span>dell<span class=\"_ _0\"></span>e  atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>\u00e8  p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ssi<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ile  e<span class=\"_ _3\"></span>ff<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>uar<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>riclassifiche <span class=\"_ _f\"> </span>in  a<span class=\"_ _3\"></span>ltr<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>ate<span class=\"_ _3\"></span>gorie  pre<span class=\"_ _1\"></span>viste <span class=\"_ _f\"> </span>dall<span class=\"_ _0\"></span>\u2019IF<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>S <span class=\"_ _f\"> </span>9.  La <span class=\"_ _f\"> </span>riclassif<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a avviene prospett<span class=\"_ _1\"></span>icamente a partire dalla data d<span class=\"_ _3\"></span>i riclassificazio<span class=\"_ _1\"></span>ne. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForReclassificationOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-529": {
   "value": "Valutazione successiva e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione delle <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompone<span class=\"_ _1\"></span>nti r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> alla rilevazione <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>iziale<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>le atti<span class=\"_ _1\"></span>vit\u00e0 finanziarie<span class=\"_ _1\"></span> in oggetto<span class=\"_ _3\"></span> sono valorizzat<span class=\"_ _1\"></span>e al fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue<span class=\"_ _1\"></span> e gli effetti dell\u2019app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazi<span class=\"_ _1\"></span>one di tale criterio d<span class=\"_ _1\"></span>i valuta<span class=\"_ _1\"></span>zione sono rilevati ne<span class=\"_ _1\"></span>l conto e<span class=\"_ _1\"></span>conomico. Per  la <span class=\"_ _f\"> </span>determ<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nazione  del <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>degli  strumenti <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziari <span class=\"_ _f\"> </span>quotati  in  u<span class=\"_ _1\"></span>n  mercato  a<span class=\"_ _3\"></span>ttivo,<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>sono utilizzate <span class=\"_ _16\"> </span>q<span class=\"_ _1\"></span>uotazioni <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>(prezzi <span class=\"_ _c\"> </span>domanda-offerta <span class=\"_ _c\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>prezzi <span class=\"_ _c\"> </span>medi) <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>l\u2019ultimo <span class=\"_ _c\"> </span>valore <span class=\"_ _c\"> </span>quota calcolato e reso disp<span class=\"_ _1\"></span>onibile al pubbli<span class=\"_ _1\"></span>co per le parti d<span class=\"_ _1\"></span>i OICR.<div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs131\">Valutazione successiva e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione delle <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompone<span class=\"_ _1\"></span>nti r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs132\">Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>alla <span class=\"_ _6\"></span>rilevazione <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span>iziale<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>fin<span class=\"_ _0\"></span>anzia<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>classificate <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _5\"></span>con <span class=\"_ _6\"></span>im<span class=\"_ _0\"></span>patto<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs133\">sulla <span class=\"_ _0\"></span>redditivit\u00e0 complessiva sono<span class=\"_ _0\"></span> valorizzate al <span class=\"_ _0\"></span>fair valu<span class=\"_ _0\"></span>e e g<span class=\"_ _0\"></span>li effetti <span class=\"_ _0\"></span>dell\u2019app<span class=\"_ _1\"></span>licazione <span class=\"_ _0\"></span>di tale <span class=\"_ _0\"></span>criterio </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs134\">di <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tazione <span class=\"_ _3\"></span>sono <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontabil<span class=\"_ _1\"></span>izzati <span class=\"_ _3\"></span>in <span class=\"_ _1\"></span>contropart<span class=\"_ _1\"></span>ita <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>specifica <span class=\"_ _3\"></span>riserva <span class=\"_ _3\"></span>di p<span class=\"_ _1\"></span>atrimoni<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>(voce <span class=\"_ _3\"></span>160. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs135\">Riserve <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>val<span class=\"_ _1\"></span>utazione). <span class=\"_ _6\"></span>Gli <span class=\"_ _6\"></span>im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>rilevati <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>sta <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ise<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>va <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>on <span class=\"_ _6\"></span>saranno <span class=\"_ _6\"></span>mai <span class=\"_ _6\"></span>oggetto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>rigiro <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>el </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs136\">conto economico, nem<span class=\"_ _1\"></span>meno in caso <span class=\"_ _1\"></span>di cessione dell<span class=\"_ _1\"></span>\u2019attivit\u00e0. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs137\">Per  la <span class=\"_ _f\"> </span>determ<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nazione  del <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>degli  strumenti <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziari <span class=\"_ _f\"> </span>quotati  in  u<span class=\"_ _1\"></span>n  mercato  a<span class=\"_ _3\"></span>ttivo,<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>sono </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs138\">utilizzate quotazioni <span class=\"_ _1\"></span>di mercato (p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ezzi doman<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a-o<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ta o prezzi <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>edi<span class=\"_ _1\"></span>). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs139\">L\u2019unica <span class=\"_ _1d\"> </span>componente <span class=\"_ _1d\"> </span>rilevata <span class=\"_ _1d\"> </span>nel <span class=\"_ _1c\"> </span>cont<span class=\"_ _1\"></span>o <span class=\"_ _1d\"> </span>economico <span class=\"_ _1d\"> </span>\u00e8 <span class=\"_ _1c\"> </span>rappresentata <span class=\"_ _18\"> </span>d<span class=\"_ _0\"></span>ai <span class=\"_ _1d\"> </span>dividen<span class=\"_ _1\"></span>di <span class=\"_ _1c\"> </span>incassati<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs13a\">contabilizzata<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>nella voce \u201c40. <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ivide<span class=\"_ _1\"></span>ndi e proventi <span class=\"_ _3\"></span>assimi<span class=\"_ _0\"></span>lati\u201d<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs13f\">Valutazione successiva e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione delle <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompone<span class=\"_ _1\"></span>nti r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs140\">Dopo <span class=\"_ _16\"> </span>la <span class=\"_ _c\"> </span>rilevazione <span class=\"_ _c\"> </span>iniziale, <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _c\"> </span>finanziarie <span class=\"_ _c\"> </span>in <span class=\"_ _16\"> </span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>sono <span class=\"_ _c\"> </span>valutate <span class=\"_ _16\"> </span>s<span class=\"_ _1\"></span>ulla <span class=\"_ _c\"> </span>b<span class=\"_ _0\"></span>ase <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs141\">ammortizzato, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _5\"></span>di <span class=\"_ _f\"> </span>pr<span class=\"_ _1\"></span>ima <span class=\"_ _6\"></span>iscrizione <span class=\"_ _6\"></span>diminuito/aumentat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>dei <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>imborsi<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>capitale, <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs142\">rettifiche/riprese <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>valore <span class=\"_ _15\"> </span>e <span class=\"_ _1f\"> </span>della <span class=\"_ _1f\"> </span>di<span class=\"_ _0\"></span>ffe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>enza <span class=\"_ _1f\"> </span>tra <span class=\"_ _16\"> </span>l<span class=\"_ _0\"></span>\u2019ammontare <span class=\"_ _1f\"> </span>erogato <span class=\"_ _15\"> </span>e <span class=\"_ _1f\"> </span>quello <span class=\"_ _15\"> </span>rimborsabile <span class=\"_ _1f\"> </span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs143\">scadenza, <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olat<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>tasso <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>interesse <span class=\"_ _b\"></span>effettivo. <span class=\"_ _b\"></span>Il <span class=\"_ _b\"></span>meto<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>osto <span class=\"_ _b\"></span>ammortizzat<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs145\">non <span class=\"_ _f\"> </span>vi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>utilizz<span class=\"_ _1\"></span>ato <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>cred<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i  la <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ui <span class=\"_ _f\"> </span>breve <span class=\"_ _f\"> </span>dura<span class=\"_ _1\"></span>ta <span class=\"_ _f\"> </span>(inferiore <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>12<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>mesi) <span class=\"_ _f\"> </span>fa <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>itene<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>trascurabi<span class=\"_ _0\"></span>le<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs146\">l\u2019effetto <span class=\"_ _6\"></span>dell\u2019applicazione <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>logica <span class=\"_ _5\"></span>di <span class=\"_ _f\"> </span>attual<span class=\"_ _1\"></span>izzazione. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>interesse <span class=\"_ _6\"></span>effettivo <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>indivi<span class=\"_ _1\"></span>duato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs147\">calcolando <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>tasso <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _5\"></span>egua<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>lia <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>valore <span class=\"_ _5\"></span>attuale <span class=\"_ _5\"></span>dei <span class=\"_ _b\"></span>flussi <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>uturi <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>cr<span class=\"_ _0\"></span>edito <span class=\"_ _b\"></span>(capitale <span class=\"_ _b\"></span>ed <span class=\"_ _5\"></span>interessi) <span class=\"_ _5\"></span>al </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs148\">valore di prima isc<span class=\"_ _1\"></span>rizione.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs149\">In accordo con l\u2019IFRS <span class=\"_ _1\"></span>9, le eventuali pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>dite di <span class=\"_ _1\"></span>valore at<span class=\"_ _1\"></span>tese vengono determinate i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> un\u2019<span class=\"_ _1\"></span>ottica <span class=\"ff5\">\u2018forward </span></div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs14a\">looking, \u2019<span class=\"ff2\"> lung<span class=\"_ _1\"></span>o tutta la vita dei c<span class=\"_ _1\"></span>rediti (<span class=\"ff5\">Expected cred<span class=\"_ _1\"></span>it losses<span class=\"ff2\">).  </span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs14b\">I c<span class=\"_ _0\"></span>riteri di valu<span class=\"_ _0\"></span>tazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e sono <span class=\"_ _0\"></span>strettame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te connessi allo stadio <span class=\"_ _0\"></span>(\u201cstage<span class=\"ff5\">\u201d)</span> cui il<span class=\"_ _0\"></span> credito viene <span class=\"_ _0\"></span>classif<span class=\"_ _1\"></span>icato, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs14c\">in particolare: </div><div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs14d\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">st<span class=\"_ _1\"></span>age 1 \u2013<span class=\"_ _0\"></span> accoglie <span class=\"_ _1\"></span>le attivit\u00e0 finanziarie per cui non <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>\u2019\u00e8 stato un dete<span class=\"_ _1\"></span>rioramento significativo nella </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs14e\">qualit\u00e0 del credito <span class=\"_ _1\"></span>dalla data di rilevazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne iniziale<span class=\"_ _3\"></span> oppure con un rischio di c<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>edit<span class=\"_ _1\"></span>o basso  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs14f\">(cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>b<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nis). <span class=\"_ _b\"></span>Per <span class=\"_ _b\"></span>queste <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _b\"></span>finanziarie <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne <span class=\"_ _b\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>svalutazione <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>alle <span class=\"_ _b\"></span>perdite </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs150\">attese nei suc<span class=\"_ _1\"></span>cessivi 12 mesi (12 <span class=\"ff5\">month e<span class=\"_ _3\"></span>x<span class=\"_ _0\"></span>pected cre<span class=\"_ _3\"></span>dit losses<span class=\"ff2\">);<span class=\"_ _4a1\"> </span></span></span><span class=\"ff5\"><span class=\"ff2\"> </span></span></div>-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">st<span class=\"_ _1\"></span>age <span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>accoglie i <span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iti<span class=\"_ _3\"></span> <span class=\"_ _b\"></span><span class=\"ff5\">under-performi<span class=\"_ _1\"></span>ng<span class=\"ff2\">, <span class=\"_ _0\"></span>ossia i <span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>ove <span class=\"_ _0\"></span>vi <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stato <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>aumento <span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nificativ<span class=\"_ _1\"></span>o </span></span></span></span>del <span class=\"_ _0\"></span>rischio <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>credit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>(\u201csi<span class=\"_ _1\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>icativ<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>deteriorament<span class=\"_ _3\"></span>o\u201d) <span class=\"_ _0\"></span>rispetto <span class=\"_ _0\"></span>all\u2019iscrizione in<span class=\"_ _0\"></span>iz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ale, ma <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> non <span class=\"_ _1f\"> </span>si<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>ha <span class=\"_ _15\"> </span>un\u2019obietti<span class=\"_ _1\"></span>va <span class=\"_ _15\"> </span>evidenza <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>un <span class=\"_ _15\"> </span>evento <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>perd<span class=\"_ _0\"></span>ita. <span class=\"_ _1f\"> </span>Per <span class=\"_ _15\"> </span>queste <span class=\"_ _1f\"> </span>attivit\u00e0 <span class=\"_ _1f\"> </span>finan<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>iari<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>la<span class=\"_ _1\"></span> svalutazione <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>determinata <span class=\"_ _f\"> </span>sulla<span class=\"_ _3\"></span>  base<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>perdit<span class=\"_ _3\"></span>a <span class=\"_ _f\"> </span>attesa <span class=\"_ _f\"> </span>complessi<span class=\"_ _1\"></span>va <span class=\"_ _f\"> </span>(<span class=\"ff5\">lifetime <span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>x<span class=\"_ _0\"></span>pected<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>credit </span>losses<span class=\"ff2\">); </span>-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">st<span class=\"_ _1\"></span>age <span class=\"_ _f\"> </span>3  \u2013 <span class=\"_ _f\"> </span>accoglie <span class=\"_ _f\"> </span>i <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>rediti <span class=\"_ _f\"> </span><span class=\"ff5\">non <span class=\"_ _f\"> </span>performing<span class=\"_ _3\"></span><span class=\"ff2\">,<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>ovvero<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>quel<span class=\"_ _0\"></span>le <span class=\"_ _f\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>quali <span class=\"_ _f\"> </span>ci  sia<span class=\"_ _3\"></span> </span></span></span></span>un\u2019obiettiva <span class=\"_ _b\"></span>evide<span class=\"_ _1\"></span>nza <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>perdita <span class=\"_ _b\"></span>alla <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>bilancio. <span class=\"_ _b\"></span>In <span class=\"_ _b\"></span>questo <span class=\"_ _0\"></span>caso <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>necessario <span class=\"_ _0\"></span>determinare <span class=\"_ _0\"></span>la svalutazione <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>misura <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>alla <span class=\"_ _0\"></span>perdita <span class=\"_ _b\"></span>attesa <span class=\"_ _0\"></span>complessiva <span class=\"_ _0\"></span>(<span class=\"ff5\">lifetime</span> <span class=\"_ _b\"></span><span class=\"ff5\">expected <span class=\"_ _0\"></span>credit <span class=\"_ _b\"></span>losses</span>). <span class=\"_ _b\"></span>In tali <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ircostanze <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>processo <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>valutaz<span class=\"_ _1\"></span>ione <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>analitico <span class=\"_ _f\"> </span>e <span class=\"_ _5\"></span>determinato <span class=\"_ _6\"></span>per <span class=\"_ _f\"> </span>cate<span class=\"_ _1\"></span>gorie <span class=\"_ _6\"></span>omog<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ee <span class=\"_ _6\"></span>e attribuito <span class=\"_ _1f\"> </span>analitica<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _16\"> </span>ad <span class=\"_ _16\"> </span>ogni <span class=\"_ _16\"> </span>posizione, <span class=\"_ _16\"> </span>tenendo <span class=\"_ _16\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>derazi<span class=\"_ _1\"></span>oni <span class=\"_ _16\"> </span>informazioni <span class=\"_ _16\"> </span><span class=\"ff5\">forward </span>looking <span class=\"ff2\">e<span class=\"_ _1\"></span>d i possibili scenari alternativi<span class=\"_ _1\"></span> di recupero.<span class=\"_ _1\"></span> </span>L\u2019<span class=\"ff5\">Expected <span class=\"_ _0\"></span>credit <span class=\"_ _0\"></span>losses <span class=\"_ _0\"></span></span>(ECL) <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _0\"></span>definito <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>principio <span class=\"_ _0\"></span>come <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>media <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>perdite <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>crediti <span class=\"_ _0\"></span>ponderata per i rispettivi rischi di inadempi<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>to. In <span class=\"_ _1\"></span>generale, ta<span class=\"_ _1\"></span>le stima prend<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>considerazione tre para<span class=\"_ _1\"></span>metri di <span class=\"_ _b\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hio: <span class=\"_ _b\"></span>(i) <span class=\"_ _5\"></span>la <span class=\"_ _b\"></span>probabilit\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>def<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ul<span class=\"_ _0\"></span>t,<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>(<span class=\"_ _0\"></span>ii<span class=\"_ _1\"></span>) <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>pe<span class=\"_ _1\"></span>rcentuale <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>perdita <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>aso <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>\u2019ins<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lvenza <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>(iii<span class=\"_ _1\"></span>) <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>stima dell\u2019esposizi<span class=\"_ _1\"></span>one creditizia al verificar<span class=\"_ _1\"></span>si dell\u2019ins<span class=\"_ _1\"></span>olv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>nza. Qualora <span class=\"_ _17\"> </span>i <span class=\"_ _17\"> </span>m<span class=\"_ _0\"></span>oti<span class=\"_ _1\"></span>vi <span class=\"_ _18\"> </span>della <span class=\"_ _17\"> </span>perdita <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>valore <span class=\"_ _18\"> </span>sian<span class=\"_ _1\"></span>o <span class=\"_ _17\"> </span>r<span class=\"_ _0\"></span>imossi<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>a <span class=\"_ _17\"> </span>seguito <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>un <span class=\"_ _18\"> </span>evento <span class=\"_ _17\"> </span>verificatosi successivame<span class=\"_ _1\"></span>nte <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>rilevazione <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _b\"></span>riduzione <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>valore, <span class=\"_ _5\"></span>vengono <span class=\"_ _6\"></span>effettuate <span class=\"_ _5\"></span>riprese <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valore <span class=\"_ _6\"></span>con imputazione <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>Conto <span class=\"_ _b\"></span>Econo<span class=\"_ _1\"></span>mico. <span class=\"_ _b\"></span>La<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>ripresa <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alore <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>pu\u00f2 <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>ccedere <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>costo <span class=\"_ _b\"></span>ammortiz<span class=\"_ _1\"></span>zato <span class=\"_ _b\"></span>che <span class=\"_ _0\"></span>lo strumento finanzia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io avrebbe a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> in assenza d<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>precedenti <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ettific<span class=\"_ _1\"></span>he.  Canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione Le <span class=\"_ _1f\"> </span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _16\"> </span>finanziarie <span class=\"_ _16\"> </span>valutate <span class=\"_ _1f\"> </span>al <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>sto <span class=\"_ _15\"> </span>ammo<span class=\"_ _1\"></span>rtizza<span class=\"_ _1\"></span>to <span class=\"_ _15\"> </span>sono <span class=\"_ _1f\"> </span>cancellate <span class=\"_ _16\"> </span>q<span class=\"_ _0\"></span>uando<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>sc<span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _16\"> </span>i <span class=\"_ _15\"> </span>diritti contrattuali <span class=\"_ _1c\"> </span>sui <span class=\"_ _1c\"> </span>fluss<span class=\"_ _1\"></span>i <span class=\"_ _1c\"> </span>finanziari <span class=\"_ _1d\"> </span>derivanti <span class=\"_ _1c\"> </span>dalle <span class=\"_ _1d\"> </span>stesse <span class=\"_ _1c\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>quando <span class=\"_ _1c\"> </span>sono <span class=\"_ _1d\"> </span>c<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>du<span class=\"_ _0\"></span>te <span class=\"_ _1c\"> </span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>asfe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>endo<span class=\"_ _1\"></span> sostanzialmente tutt<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> i ris<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi e be<span class=\"_ _1\"></span>nefici ad esse <span class=\"_ _1\"></span>connesse. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-502": {
   "value": "<div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs12c\">Canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs12d\">Tali <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _0\"></span>vengono c<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ellate quando <span class=\"_ _0\"></span>sca<span class=\"_ _1\"></span>dono <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>diritti contrattuali <span class=\"_ _0\"></span>sui flussi <span class=\"_ _0\"></span>finanzia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vati <span class=\"_ _0\"></span>dalle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs12e\">attivit\u00e0 <span class=\"_ _1\"></span>stesse, o <span class=\"_ _1\"></span>quan<span class=\"_ _1\"></span>do ven<span class=\"_ _1\"></span>gono cedute t<span class=\"_ _3\"></span>rasferendo tutti <span class=\"_ _3\"></span>o sostanz<span class=\"_ _1\"></span>ialmente t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tti <span class=\"_ _3\"></span>i rischi e <span class=\"_ _3\"></span>benefici ad<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs12f\">esse connesse. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs13c\">Canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs12e\">Le <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _f\"> </span>vengono <span class=\"_ _f\"> </span>cancellate <span class=\"_ _f\"> </span>quan<span class=\"_ _1\"></span>do <span class=\"_ _f\"> </span>sono<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ed<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>te <span class=\"_ _f\"> </span>trasferen<span class=\"_ _1\"></span>do  s<span class=\"_ _3\"></span>ostanzialmente <span class=\"_ _f\"> </span>tutti <span class=\"_ _f\"> </span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs13d\">rischi/benefi<span class=\"_ _1\"></span>ci ad <span class=\"_ _0\"></span>esse<span class=\"_ _3\"></span> connessi. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs152\">Canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs153\">Le <span class=\"_ _1f\"> </span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _16\"> </span>finanziarie <span class=\"_ _16\"> </span>valutate <span class=\"_ _1f\"> </span>al <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>sto <span class=\"_ _15\"> </span>ammo<span class=\"_ _1\"></span>rtizza<span class=\"_ _1\"></span>to <span class=\"_ _15\"> </span>sono <span class=\"_ _1f\"> </span>cancellate <span class=\"_ _16\"> </span>q<span class=\"_ _0\"></span>uando<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>sc<span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _16\"> </span>i <span class=\"_ _15\"> </span>diritti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs154\">contrattuali <span class=\"_ _1c\"> </span>sui <span class=\"_ _1c\"> </span>fluss<span class=\"_ _1\"></span>i <span class=\"_ _1c\"> </span>finanziari <span class=\"_ _1d\"> </span>derivanti <span class=\"_ _1c\"> </span>dalle <span class=\"_ _1d\"> </span>stesse <span class=\"_ _1c\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>quando <span class=\"_ _1c\"> </span>sono <span class=\"_ _1d\"> </span>c<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>du<span class=\"_ _0\"></span>te <span class=\"_ _1c\"> </span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>asfe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>endo<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs155\">sostanzialmente tutt<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> i ris<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi e be<span class=\"_ _1\"></span>nefici ad esse <span class=\"_ _1\"></span>connesse. </div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-12": {
   "value": "Attivit<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _1\"></span>anziari<span class=\"_ _0\"></span>e valutate al<span class=\"_ _0\"></span> costo amm<span class=\"_ _0\"></span>ortizzato Criteri di classifica<span class=\"_ _1\"></span>zione In  questa<span class=\"_ _1\"></span>  categ<span class=\"_ _1\"></span>oria  so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>classificate <span class=\"_ _f\"> </span>le  attivit\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _f\"> </span>possedute  ne<span class=\"_ _1\"></span>l  q<span class=\"_ _1\"></span>uadro  di <span class=\"_ _f\"> </span>un  m<span class=\"_ _1\"></span>odello <span class=\"_ _f\"> </span>di business <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>cui<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>obi<span class=\"_ _0\"></span>etti<span class=\"_ _3\"></span>vo<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _15\"> </span>finalizzato <span class=\"_ _15\"> </span>alla <span class=\"_ _15\"> </span>r<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>co<span class=\"_ _3\"></span>lta <span class=\"_ _d\"> </span>dei <span class=\"_ _d\"> </span>flussi <span class=\"_ _15\"> </span>finanziari <span class=\"_ _15\"> </span>contrattuali <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>ter<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>ini contrattuali <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l'attivit\u00e0 <span class=\"_ _c\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziaria <span class=\"_ _16\"> </span>pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>ono <span class=\"_ _16\"> </span>a <span class=\"_ _c\"> </span>determinate <span class=\"_ _16\"> </span>date <span class=\"_ _c\"> </span>flussi <span class=\"_ _c\"> </span>finanziari <span class=\"_ _16\"> </span>rapprese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tati unicamente da pagame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti del capita<span class=\"_ _1\"></span>le e dell'inte<span class=\"_ _1\"></span>resse sull'imp<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> capitale da <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ire.<span class=\"_ _3\"></span> In <span class=\"_ _f\"> </span>tale <span class=\"_ _f\"> </span>categoria <span class=\"_ _f\"> </span>sono<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>ric<span class=\"_ _1\"></span>ompresi <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>crediti <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"></span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ommissioni <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>patrim<span class=\"_ _1\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>gli eventuali <span class=\"_ _f\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>i  anticipati<span class=\"_ _3\"></span>  a <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>dei<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>patrimoni<span class=\"_ _1\"></span>  g<span class=\"_ _1\"></span>estiti, <span class=\"_ _f\"> </span>ol<span class=\"_ _0\"></span>tre<span class=\"_ _1\"></span>  alla <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>iqui<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _f\"> </span>depositata <span class=\"_ _f\"> </span>presso <span class=\"_ _f\"> </span>conti correnti bancari <span class=\"_ _1\"></span>non a vista.<span class=\"_ _1\"></span> Criteri di iscri<span class=\"_ _1\"></span>zione, valutazione <span class=\"_ _1\"></span>e cancellazione<span class=\"_ _1\"></span> Iscri<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>ione iniziale Alla d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>pri<span class=\"_ _1\"></span>ma <span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>cri<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>ione <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>attiv<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t\u00e0 finanziarie valutate <span class=\"_ _0\"></span>al costo <span class=\"_ _0\"></span>ammo<span class=\"_ _1\"></span>rtizzato <span class=\"_ _0\"></span>so<span class=\"_ _1\"></span>no <span class=\"_ _0\"></span>rilevate al <span class=\"_ _0\"></span>lor<span class=\"_ _1\"></span>o fair <span class=\"_ _c\"> </span>value, <span class=\"_ _c\"> </span>cor<span class=\"_ _1\"></span>rispondente <span class=\"_ _c\"> </span>di  n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rma <span class=\"_ _c\"> </span>all\u2019ammonta<span class=\"_ _1\"></span>re <span class=\"_ _c\"> </span>erogato <span class=\"_ _c\"> </span>o <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>c<span class=\"_ _1\"></span>orrispettivo <span class=\"_ _c\"> </span>pa<span class=\"_ _1\"></span>gato, <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>cui <span class=\"_ _c\"> </span>sono<span class=\"_ _1\"></span> aggiunti <span class=\"_ _1\"></span>gli eventuali <span class=\"_ _3\"></span>costi/proventi di <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>saz<span class=\"_ _1\"></span>ione di di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>etta <span class=\"_ _3\"></span>imputazione, se <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ateriali <span class=\"_ _1\"></span>e dete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nabili. I crediti sono isc<span class=\"_ _1\"></span>ritti alla data di e<span class=\"_ _1\"></span>rogazione. Valutazione successiva e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione delle <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompone<span class=\"_ _1\"></span>nti r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali Dopo <span class=\"_ _16\"> </span>la <span class=\"_ _c\"> </span>rilevazione <span class=\"_ _c\"> </span>iniziale, <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _c\"> </span>finanziarie <span class=\"_ _c\"> </span>in <span class=\"_ _16\"> </span>oggett<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>sono <span class=\"_ _c\"> </span>valutate <span class=\"_ _16\"> </span>s<span class=\"_ _1\"></span>ulla <span class=\"_ _c\"> </span>b<span class=\"_ _0\"></span>ase <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o ammortizzato, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _5\"></span>di <span class=\"_ _f\"> </span>pr<span class=\"_ _1\"></span>ima <span class=\"_ _6\"></span>iscrizione <span class=\"_ _6\"></span>diminuito/aumentat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>dei <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>imborsi<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>capitale, <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> rettifiche/riprese <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>valore <span class=\"_ _15\"> </span>e <span class=\"_ _1f\"> </span>della <span class=\"_ _1f\"> </span>di<span class=\"_ _0\"></span>ffe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>enza <span class=\"_ _1f\"> </span>tra <span class=\"_ _16\"> </span>l<span class=\"_ _0\"></span>\u2019ammontare <span class=\"_ _1f\"> </span>erogato <span class=\"_ _15\"> </span>e <span class=\"_ _1f\"> </span>quello <span class=\"_ _15\"> </span>rimborsabile <span class=\"_ _1f\"> </span>a scadenza, <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olat<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>tasso <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>interesse <span class=\"_ _b\"></span>effettivo. <span class=\"_ _b\"></span>Il <span class=\"_ _b\"></span>meto<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>osto <span class=\"_ _b\"></span>ammortizzat<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span>non <span class=\"_ _f\"> </span>vi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>utilizz<span class=\"_ _1\"></span>ato <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>cred<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i  la <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ui <span class=\"_ _f\"> </span>breve <span class=\"_ _f\"> </span>dura<span class=\"_ _1\"></span>ta <span class=\"_ _f\"> </span>(inferiore <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>12<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>mesi) <span class=\"_ _f\"> </span>fa <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>itene<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>trascurabi<span class=\"_ _0\"></span>le<span class=\"_ _3\"></span> l\u2019effetto <span class=\"_ _6\"></span>dell\u2019applicazione <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>logica <span class=\"_ _5\"></span>di <span class=\"_ _f\"> </span>attual<span class=\"_ _1\"></span>izzazione. <span class=\"_ _6\"></span>Il <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>interesse <span class=\"_ _6\"></span>effettivo <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>indivi<span class=\"_ _1\"></span>duato calcolando <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>tasso <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _5\"></span>egua<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>lia <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>valore <span class=\"_ _5\"></span>attuale <span class=\"_ _5\"></span>dei <span class=\"_ _b\"></span>flussi <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>uturi <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>cr<span class=\"_ _0\"></span>edito <span class=\"_ _b\"></span>(capitale <span class=\"_ _b\"></span>ed <span class=\"_ _5\"></span>interessi) <span class=\"_ _5\"></span>al valore di prima isc<span class=\"_ _1\"></span>rizione.  In accordo con l\u2019IFRS <span class=\"_ _1\"></span>9, le eventuali pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>dite di <span class=\"_ _1\"></span>valore at<span class=\"_ _1\"></span>tese vengono determinate i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> un\u2019<span class=\"_ _1\"></span>ottica <span class=\"ff5\">\u2018forward </span>looking, \u2019<span class=\"ff2\"> lung<span class=\"_ _1\"></span>o tutta la vita dei c<span class=\"_ _1\"></span>rediti (<span class=\"ff5\">Expected cred<span class=\"_ _1\"></span>it losses<span class=\"ff2\">).  </span></span></span>I c<span class=\"_ _0\"></span>riteri di valu<span class=\"_ _0\"></span>tazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e sono <span class=\"_ _0\"></span>strettame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te connessi allo stadio <span class=\"_ _0\"></span>(\u201cstage<span class=\"ff5\">\u201d)</span> cui il<span class=\"_ _0\"></span> credito viene <span class=\"_ _0\"></span>classif<span class=\"_ _1\"></span>icato, in particolare: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">st<span class=\"_ _1\"></span>age 1 \u2013<span class=\"_ _0\"></span> accoglie <span class=\"_ _1\"></span>le attivit\u00e0 finanziarie per cui non <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>\u2019\u00e8 stato un dete<span class=\"_ _1\"></span>rioramento significativo nella </span></span>qualit\u00e0 del credito <span class=\"_ _1\"></span>dalla data di rilevazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne iniziale<span class=\"_ _3\"></span> oppure con un rischio di c<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>edit<span class=\"_ _1\"></span>o basso  (cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ti <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>b<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nis). <span class=\"_ _b\"></span>Per <span class=\"_ _b\"></span>queste <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _b\"></span>finanziarie <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne <span class=\"_ _b\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>svalutazione <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>alle <span class=\"_ _b\"></span>perdite attese nei suc<span class=\"_ _1\"></span>cessivi 12 mesi (12 <span class=\"ff5\">month e<span class=\"_ _3\"></span>x<span class=\"_ _0\"></span>pected cre<span class=\"_ _3\"></span>dit losses<span class=\"ff2\">);<span class=\"_ _4a1\"> </span></span></span>-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">st<span class=\"_ _1\"></span>age <span class=\"_ _0\"></span>2 <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>accoglie i <span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iti<span class=\"_ _3\"></span> <span class=\"_ _b\"></span><span class=\"ff5\">under-performi<span class=\"_ _1\"></span>ng<span class=\"ff2\">, <span class=\"_ _0\"></span>ossia i <span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>ove <span class=\"_ _0\"></span>vi <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stato <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>aumento <span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nificativ<span class=\"_ _1\"></span>o </span></span></span></span>del <span class=\"_ _0\"></span>rischio <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>credit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>(\u201csi<span class=\"_ _1\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>icativ<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>deteriorament<span class=\"_ _3\"></span>o\u201d) <span class=\"_ _0\"></span>rispetto <span class=\"_ _0\"></span>all\u2019iscrizione in<span class=\"_ _0\"></span>iz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ale, ma <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> non <span class=\"_ _1f\"> </span>si<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>ha <span class=\"_ _15\"> </span>un\u2019obietti<span class=\"_ _1\"></span>va <span class=\"_ _15\"> </span>evidenza <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>un <span class=\"_ _15\"> </span>evento <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>perd<span class=\"_ _0\"></span>ita. <span class=\"_ _1f\"> </span>Per <span class=\"_ _15\"> </span>queste <span class=\"_ _1f\"> </span>attivit\u00e0 <span class=\"_ _1f\"> </span>finan<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>iari<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>la<span class=\"_ _1\"></span> svalutazione <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>determinata <span class=\"_ _f\"> </span>sulla<span class=\"_ _3\"></span>  base<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>perdit<span class=\"_ _3\"></span>a <span class=\"_ _f\"> </span>attesa <span class=\"_ _f\"> </span>complessi<span class=\"_ _1\"></span>va <span class=\"_ _f\"> </span>(<span class=\"ff5\">lifetime <span class=\"_ _f\"></span>e<span class=\"_ _3\"></span>x<span class=\"_ _0\"></span>pected<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>credit </span>losses<span class=\"ff2\">); </span>-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">st<span class=\"_ _1\"></span>age <span class=\"_ _f\"> </span>3  \u2013 <span class=\"_ _f\"> </span>accoglie <span class=\"_ _f\"> </span>i <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>rediti <span class=\"_ _f\"> </span><span class=\"ff5\">non <span class=\"_ _f\"> </span>performing<span class=\"_ _3\"></span><span class=\"ff2\">,<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>ovvero<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>quel<span class=\"_ _0\"></span>le <span class=\"_ _f\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>quali <span class=\"_ _f\"> </span>ci  sia<span class=\"_ _3\"></span> </span></span></span></span>un\u2019obiettiva <span class=\"_ _b\"></span>evide<span class=\"_ _1\"></span>nza <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>perdita <span class=\"_ _b\"></span>alla <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>bilancio. <span class=\"_ _b\"></span>In <span class=\"_ _b\"></span>questo <span class=\"_ _0\"></span>caso <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>necessario <span class=\"_ _0\"></span>determinare <span class=\"_ _0\"></span>la svalutazione <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>misura <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>alla <span class=\"_ _0\"></span>perdita <span class=\"_ _b\"></span>attesa <span class=\"_ _0\"></span>complessiva <span class=\"_ _0\"></span>(<span class=\"ff5\">lifetime</span> <span class=\"_ _b\"></span><span class=\"ff5\">expected <span class=\"_ _0\"></span>credit <span class=\"_ _b\"></span>losses</span>). <span class=\"_ _b\"></span>In tali <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ircostanze <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>processo <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>valutaz<span class=\"_ _1\"></span>ione <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>analitico <span class=\"_ _f\"> </span>e <span class=\"_ _5\"></span>determinato <span class=\"_ _6\"></span>per <span class=\"_ _f\"> </span>cate<span class=\"_ _1\"></span>gorie <span class=\"_ _6\"></span>omog<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ee <span class=\"_ _6\"></span>e attribuito <span class=\"_ _1f\"> </span>analitica<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _16\"> </span>ad <span class=\"_ _16\"> </span>ogni <span class=\"_ _16\"> </span>posizione, <span class=\"_ _16\"> </span>tenendo <span class=\"_ _16\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>derazi<span class=\"_ _1\"></span>oni <span class=\"_ _16\"> </span>informazioni <span class=\"_ _16\"> </span><span class=\"ff5\">forward </span>looking <span class=\"ff2\">e<span class=\"_ _1\"></span>d i possibili scenari alternativi<span class=\"_ _1\"></span> di recupero.<span class=\"_ _1\"></span> </span>L\u2019<span class=\"ff5\">Expected <span class=\"_ _0\"></span>credit <span class=\"_ _0\"></span>losses <span class=\"_ _0\"></span></span>(ECL) <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _0\"></span>definito <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>principio <span class=\"_ _0\"></span>come <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>media <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>perdite <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>crediti <span class=\"_ _0\"></span>ponderata per i rispettivi rischi di inadempi<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>to. In <span class=\"_ _1\"></span>generale, ta<span class=\"_ _1\"></span>le stima prend<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>considerazione tre para<span class=\"_ _1\"></span>metri di <span class=\"_ _b\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hio: <span class=\"_ _b\"></span>(i) <span class=\"_ _5\"></span>la <span class=\"_ _b\"></span>probabilit\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>def<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ul<span class=\"_ _0\"></span>t,<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>(<span class=\"_ _0\"></span>ii<span class=\"_ _1\"></span>) <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>pe<span class=\"_ _1\"></span>rcentuale <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>perdita <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>aso <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>\u2019ins<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lvenza <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>(iii<span class=\"_ _1\"></span>) <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>stima dell\u2019esposizi<span class=\"_ _1\"></span>one creditizia al verificar<span class=\"_ _1\"></span>si dell\u2019ins<span class=\"_ _1\"></span>olv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>nza. Qualora <span class=\"_ _17\"> </span>i <span class=\"_ _17\"> </span>m<span class=\"_ _0\"></span>oti<span class=\"_ _1\"></span>vi <span class=\"_ _18\"> </span>della <span class=\"_ _17\"> </span>perdita <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>valore <span class=\"_ _18\"> </span>sian<span class=\"_ _1\"></span>o <span class=\"_ _17\"> </span>r<span class=\"_ _0\"></span>imossi<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>a <span class=\"_ _17\"> </span>seguito <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>un <span class=\"_ _18\"> </span>evento <span class=\"_ _17\"> </span>verificatosi successivame<span class=\"_ _1\"></span>nte <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>rilevazione <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _b\"></span>riduzione <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>valore, <span class=\"_ _5\"></span>vengono <span class=\"_ _6\"></span>effettuate <span class=\"_ _5\"></span>riprese <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valore <span class=\"_ _6\"></span>con imputazione <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>Conto <span class=\"_ _b\"></span>Econo<span class=\"_ _1\"></span>mico. <span class=\"_ _b\"></span>La<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>ripresa <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alore <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>pu\u00f2 <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>ccedere <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>costo <span class=\"_ _b\"></span>ammortiz<span class=\"_ _1\"></span>zato <span class=\"_ _b\"></span>che <span class=\"_ _0\"></span>lo strumento finanzia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io avrebbe a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> in assenza d<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>precedenti <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ettific<span class=\"_ _1\"></span>he.  Canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione Le <span class=\"_ _1f\"> </span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _16\"> </span>finanziarie <span class=\"_ _16\"> </span>valutate <span class=\"_ _1f\"> </span>al <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>sto <span class=\"_ _15\"> </span>ammo<span class=\"_ _1\"></span>rtizza<span class=\"_ _1\"></span>to <span class=\"_ _15\"> </span>sono <span class=\"_ _1f\"> </span>cancellate <span class=\"_ _16\"> </span>q<span class=\"_ _0\"></span>uando<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>sc<span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _16\"> </span>i <span class=\"_ _15\"> </span>diritti contrattuali <span class=\"_ _1c\"> </span>sui <span class=\"_ _1c\"> </span>fluss<span class=\"_ _1\"></span>i <span class=\"_ _1c\"> </span>finanziari <span class=\"_ _1d\"> </span>derivanti <span class=\"_ _1c\"> </span>dalle <span class=\"_ _1d\"> </span>stesse <span class=\"_ _1c\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>quando <span class=\"_ _1c\"> </span>sono <span class=\"_ _1d\"> </span>c<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>du<span class=\"_ _0\"></span>te <span class=\"_ _1c\"> </span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>asfe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>endo<span class=\"_ _1\"></span> sostanzialmente tutt<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> i ris<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi e be<span class=\"_ _1\"></span>nefici ad esse <span class=\"_ _1\"></span>connesse. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLoansAndReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-503": {
   "value": "<div class=\"t m1 h14 ff6 fsc fc1 sc0 ls0 ws0 gs157\">Partecipazio<span class=\"_ _0\"></span>ni </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs158\">Criteri di classifica<span class=\"_ _1\"></span>zione, iscrizion<span class=\"_ _1\"></span>e e valutazione<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs159\">La voce include le interessenze dete<span class=\"_ _1\"></span>nute in societ\u00e0 co<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>legate. Una societ\u00e0 collegata \u00e8 un\u2019impresa <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ella<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs15a\">quale <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>esercita <span class=\"_ _6\"></span>u<span class=\"_ _0\"></span>n\u2019in<span class=\"_ _1\"></span>fluenza <span class=\"_ _f\"> </span>notevole, <span class=\"_ _f\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>risulta <span class=\"_ _f\"> </span>controllata <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>era <span class=\"_ _f\"> </span>es<span class=\"_ _1\"></span>clusiva <span class=\"_ _f\"> </span>o <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>modo<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs15b\">congiunto. <span class=\"_ _3\"></span>L<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>influenza <span class=\"_ _1\"></span>notevole <span class=\"_ _3\"></span>si pres<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span> in<span class=\"_ _1\"></span> tutti<span class=\"_ _3\"></span> i <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>asi <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ui <span class=\"_ _3\"></span>si detie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> 20% <span class=\"_ _1\"></span>dei <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritti <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>voto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(inclusi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs15c\">i <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itti <span class=\"_ _1f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>voto <span class=\"_ _1f\"> </span>\u201c<span class=\"_ _0\"></span>potenzial<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>\u201d) <span class=\"_ _1f\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>un<span class=\"_ _0\"></span>a <span class=\"_ _1f\"> </span>quota <span class=\"_ _15\"> </span>superiore <span class=\"_ _1f\"> </span>o <span class=\"_ _15\"> </span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o, <span class=\"_ _d\"> </span>indipende<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teme<span class=\"_ _1\"></span>nte <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>quota </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs15d\">posseduta, <span class=\"_ _0\"></span>sussista <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>potere <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>partecipare <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>dec<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>sioni <span class=\"_ _0\"></span>gestionali <span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>inanziarie d<span class=\"_ _0\"></span>ell\u2019impresa, i<span class=\"_ _0\"></span>n v<span class=\"_ _0\"></span>irt\u00f9 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs15e\">di particolari legami <span class=\"_ _1\"></span>giuridici (i.<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>. <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>tti parasociali), senza tuttavia ave<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ne il cont<span class=\"_ _1\"></span>rollo. Contrariamente,<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs15f\">non <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>considerate <span class=\"_ _0\"></span>sottoposte <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>influe<span class=\"_ _1\"></span>nza <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ole <span class=\"_ _0\"></span>alc<span class=\"_ _1\"></span>une <span class=\"_ _0\"></span>interessenze <span class=\"_ _0\"></span>superiori <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>20% <span class=\"_ _0\"></span>quando<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs160\">si <span class=\"_ _b\"></span>detengono <span class=\"_ _0\"></span>esclusivamente <span class=\"_ _b\"></span>diritti<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>patrimoniali, <span class=\"_ _b\"></span>senza <span class=\"_ _0\"></span>avere <span class=\"_ _b\"></span>accesso <span class=\"_ _b\"></span>alle <span class=\"_ _0\"></span>politiche <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>gestione <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs161\">diri<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> governance limitati a t<span class=\"_ _3\"></span>utelar<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li inte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>essi <span class=\"_ _1\"></span>patrimoniali.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs135\">Le <span class=\"_ _6\"></span>partecipazi<span class=\"_ _1\"></span>oni <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>rilevate <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>costo <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>contabiliz<span class=\"_ _1\"></span>zate <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>metodo <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>patrim<span class=\"_ _1\"></span>onio <span class=\"_ _5\"></span>netto. <span class=\"_ _6\"></span>Se </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs162\">esistono <span class=\"_ _0\"></span>evidenze <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>partecipazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>possa <span class=\"_ _b\"></span>ave<span class=\"_ _1\"></span>r <span class=\"_ _b\"></span>s<span class=\"_ _1\"></span>ubito <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>riduzione, <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>procede <span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs137\">stima <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>recuperabile <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>partecipazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>stessa, <span class=\"_ _b\"></span>tenendo <span class=\"_ _b\"></span>conto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alore <span class=\"_ _0\"></span>attuale <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>flussi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs163\">fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari <span class=\"_ _1b\"> </span>futuri<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>che <span class=\"_ _e\"> </span>la <span class=\"_ _1b\"> </span>partecipaz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1b\"> </span>potr\u00e0 <span class=\"_ _e\"> </span>generare, <span class=\"_ _1b\"> </span>in<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>luso<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>il <span class=\"_ _19\"> </span>valore <span class=\"_ _19\"> </span>di <span class=\"_ _1b\"> </span>dismi<span class=\"_ _3\"></span>ssi<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ne <span class=\"_ _19\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ale </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs164\">dell\u2019investimento. <span class=\"_ _1f\"> </span>Qualora <span class=\"_ _15\"> </span>il <span class=\"_ _1f\"> </span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>recupero <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ulti <span class=\"_ _15\"> </span>inferiore <span class=\"_ _15\"> </span>al <span class=\"_ _1f\"> </span>valore <span class=\"_ _15\"> </span>contabile, <span class=\"_ _15\"> </span>la <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>elati<span class=\"_ _1\"></span>va </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs165\">differenza <span class=\"_ _1\"></span>\u00e8 rile<span class=\"_ _1\"></span>vata a<span class=\"_ _1\"></span> conto <span class=\"_ _1\"></span>economico. <span class=\"_ _3\"></span>Q<span class=\"_ _0\"></span>ual<span class=\"_ _1\"></span>ora i <span class=\"_ _3\"></span>mo<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>vi della <span class=\"_ _3\"></span>perdita di <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re sian<span class=\"_ _1\"></span>o rimossi <span class=\"_ _3\"></span>a seguito<span class=\"_ _4a1\"> </span><span class=\"_ _1\"></span> </div>di un <span class=\"_ _3\"></span>evento <span class=\"_ _3\"></span>ver<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ficatosi <span class=\"_ _3\"></span>successivamente a<span class=\"_ _1\"></span>lla <span class=\"_ _3\"></span>rilevazione <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>riduzione <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>valore, <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>gono <span class=\"_ _3\"></span>effettuate riprese di valore co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> imp<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tazione a c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nto ec<span class=\"_ _1\"></span>onomico. Cancellazion<span class=\"_ _1\"></span>e Le <span class=\"_ _0\"></span>partec<span class=\"_ _1\"></span>ipazioni vengono cancellate quando scadono i diritti contr<span class=\"_ _0\"></span>att<span class=\"_ _3\"></span>uali <span class=\"_ _0\"></span>sui flussi finanziari derivati dalle attivit\u00e0 stesse o<span class=\"_ _3\"></span> quando la partecipazio<span class=\"_ _1\"></span>ne viene ceduta trasfe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>ndo sostanzialme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te tutti <span class=\"_ _1\"></span>i rischi e benefici ad essa <span class=\"_ _1\"></span>connessi.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-475": {
   "value": "Partecipazio<span class=\"_ _0\"></span>ni Criteri di classifica<span class=\"_ _1\"></span>zione, iscrizion<span class=\"_ _1\"></span>e e valutazione<span class=\"_ _1\"></span> La voce include le interessenze dete<span class=\"_ _1\"></span>nute in societ\u00e0 co<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>legate. Una societ\u00e0 collegata \u00e8 un\u2019impresa <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ella<span class=\"_ _3\"></span> quale <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>esercita <span class=\"_ _6\"></span>u<span class=\"_ _0\"></span>n\u2019in<span class=\"_ _1\"></span>fluenza <span class=\"_ _f\"> </span>notevole, <span class=\"_ _f\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>risulta <span class=\"_ _f\"> </span>controllata <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>era <span class=\"_ _f\"> </span>es<span class=\"_ _1\"></span>clusiva <span class=\"_ _f\"> </span>o <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>modo<span class=\"_ _1\"></span> congiunto. <span class=\"_ _3\"></span>L<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>influenza <span class=\"_ _1\"></span>notevole <span class=\"_ _3\"></span>si pres<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span> in<span class=\"_ _1\"></span> tutti<span class=\"_ _3\"></span> i <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>asi <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ui <span class=\"_ _3\"></span>si detie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> 20% <span class=\"_ _1\"></span>dei <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritti <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>voto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(inclusi i <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itti <span class=\"_ _1f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>voto <span class=\"_ _1f\"> </span>\u201c<span class=\"_ _0\"></span>potenzial<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>\u201d) <span class=\"_ _1f\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>un<span class=\"_ _0\"></span>a <span class=\"_ _1f\"> </span>quota <span class=\"_ _15\"> </span>superiore <span class=\"_ _1f\"> </span>o <span class=\"_ _15\"> </span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o, <span class=\"_ _d\"> </span>indipende<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teme<span class=\"_ _1\"></span>nte <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>quota posseduta, <span class=\"_ _0\"></span>sussista <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>potere <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>partecipare <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>dec<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>sioni <span class=\"_ _0\"></span>gestionali <span class=\"_ _0\"></span>e f<span class=\"_ _0\"></span>inanziarie d<span class=\"_ _0\"></span>ell\u2019impresa, i<span class=\"_ _0\"></span>n v<span class=\"_ _0\"></span>irt\u00f9 di particolari legami <span class=\"_ _1\"></span>giuridici (i.<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>. <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>tti parasociali), senza tuttavia ave<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ne il cont<span class=\"_ _1\"></span>rollo. Contrariamente,<span class=\"_ _1\"></span> non <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>considerate <span class=\"_ _0\"></span>sottoposte <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>influe<span class=\"_ _1\"></span>nza <span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ole <span class=\"_ _0\"></span>alc<span class=\"_ _1\"></span>une <span class=\"_ _0\"></span>interessenze <span class=\"_ _0\"></span>superiori <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>20% <span class=\"_ _0\"></span>quando<span class=\"_ _1\"></span> si <span class=\"_ _b\"></span>detengono <span class=\"_ _0\"></span>esclusivamente <span class=\"_ _b\"></span>diritti<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>patrimoniali, <span class=\"_ _b\"></span>senza <span class=\"_ _0\"></span>avere <span class=\"_ _b\"></span>accesso <span class=\"_ _b\"></span>alle <span class=\"_ _0\"></span>politiche <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>gestione <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span> diri<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> governance limitati a t<span class=\"_ _3\"></span>utelar<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li inte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>essi <span class=\"_ _1\"></span>patrimoniali.  Le <span class=\"_ _6\"></span>partecipazi<span class=\"_ _1\"></span>oni <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>rilevate <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>costo <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>contabiliz<span class=\"_ _1\"></span>zate <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>metodo <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>patrim<span class=\"_ _1\"></span>onio <span class=\"_ _5\"></span>netto. <span class=\"_ _6\"></span>Se esistono <span class=\"_ _0\"></span>evidenze <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>partecipazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>possa <span class=\"_ _b\"></span>ave<span class=\"_ _1\"></span>r <span class=\"_ _b\"></span>s<span class=\"_ _1\"></span>ubito <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>riduzione, <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>procede <span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> stima <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>recuperabile <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>partecipazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>stessa, <span class=\"_ _b\"></span>tenendo <span class=\"_ _b\"></span>conto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alore <span class=\"_ _0\"></span>attuale <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>flussi fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari <span class=\"_ _1b\"> </span>futuri<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>che <span class=\"_ _e\"> </span>la <span class=\"_ _1b\"> </span>partecipaz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1b\"> </span>potr\u00e0 <span class=\"_ _e\"> </span>generare, <span class=\"_ _1b\"> </span>in<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>luso<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>il <span class=\"_ _19\"> </span>valore <span class=\"_ _19\"> </span>di <span class=\"_ _1b\"> </span>dismi<span class=\"_ _3\"></span>ssi<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ne <span class=\"_ _19\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ale dell\u2019investimento. <span class=\"_ _1f\"> </span>Qualora <span class=\"_ _15\"> </span>il <span class=\"_ _1f\"> </span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>recupero <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ulti <span class=\"_ _15\"> </span>inferiore <span class=\"_ _15\"> </span>al <span class=\"_ _1f\"> </span>valore <span class=\"_ _15\"> </span>contabile, <span class=\"_ _15\"> </span>la <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>elati<span class=\"_ _1\"></span>va differenza <span class=\"_ _1\"></span>\u00e8 rile<span class=\"_ _1\"></span>vata a<span class=\"_ _1\"></span> conto <span class=\"_ _1\"></span>economico. <span class=\"_ _3\"></span>Q<span class=\"_ _0\"></span>ual<span class=\"_ _1\"></span>ora i <span class=\"_ _3\"></span>mo<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>vi della <span class=\"_ _3\"></span>perdita di <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re sian<span class=\"_ _1\"></span>o rimossi <span class=\"_ _3\"></span>a seguito<span class=\"_ _4a1\"> </span>di un <span class=\"_ _3\"></span>evento <span class=\"_ _3\"></span>ver<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ficatosi <span class=\"_ _3\"></span>successivamente a<span class=\"_ _1\"></span>lla <span class=\"_ _3\"></span>rilevazione <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>riduzione <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>valore, <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>gono <span class=\"_ _3\"></span>effettuate riprese di valore co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> imp<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tazione a c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nto ec<span class=\"_ _1\"></span>onomico. Cancellazion<span class=\"_ _1\"></span>e Le <span class=\"_ _0\"></span>partec<span class=\"_ _1\"></span>ipazioni vengono cancellate quando scadono i diritti contr<span class=\"_ _0\"></span>att<span class=\"_ _3\"></span>uali <span class=\"_ _0\"></span>sui flussi finanziari derivati dalle attivit\u00e0 stesse o<span class=\"_ _3\"></span> quando la partecipazio<span class=\"_ _1\"></span>ne viene ceduta trasfe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>ndo sostanzialme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te tutti <span class=\"_ _1\"></span>i rischi e benefici ad essa <span class=\"_ _1\"></span>connessi.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-537": {
   "value": "Attivit<span class=\"_ _0\"></span>\u00e0 materiali Criteri di classifica<span class=\"_ _1\"></span>zione Le at<span class=\"_ _1\"></span>tivit\u00e0 mate<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iali <span class=\"_ _3\"></span>comprendono <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>terreni, <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _3\"></span>immobili <span class=\"_ _3\"></span>strumentali, <span class=\"_ _1\"></span>le ope<span class=\"_ _3\"></span>re d\u2019arte, <span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>mobili e <span class=\"_ _3\"></span>gli a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>redi nonch\u00e9 <span class=\"_ _5\"></span>le <span class=\"_ _6\"></span>attrezzatu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>qu<span class=\"_ _0\"></span>als<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>asi <span class=\"_ _5\"></span>tipo <span class=\"_ _b\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>itie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>utilizzare <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _6\"></span>esercizio.<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>Le <span class=\"_ _5\"></span>attivit\u00e0 materiali  detenute <span class=\"_ _c\"> </span>per<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>essere  u<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>izza<span class=\"_ _1\"></span>te <span class=\"_ _c\"> </span>nella<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>produzione  o <span class=\"_ _c\"> </span>nella  fornitura  di <span class=\"_ _c\"> </span>be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>servizi <span class=\"_ _c\"> </span>s<span class=\"_ _3\"></span>ono classificate come \u201catti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 ad <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>so f<span class=\"_ _1\"></span>unzionale\u201d secondo lo IAS 16<span class=\"_ _1\"></span>.  Nelle <span class=\"_ _0\"></span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _0\"></span>mater<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ali confluiscon<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>inoltre le miglior<span class=\"_ _0\"></span>ie<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>su b<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>di terzi qu<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ra le <span class=\"_ _0\"></span>stesse costituisca<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o spese <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ncreme<span class=\"_ _1\"></span>ntative relat<span class=\"_ _1\"></span>ive ad <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _3\"></span>iden<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>ficabili <span class=\"_ _1\"></span>e sep<span class=\"_ _1\"></span>arabili. In <span class=\"_ _3\"></span>tal caso <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>lass<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ficazio<span class=\"_ _1\"></span>ne av<span class=\"_ _1\"></span>viene nelle <span class=\"_ _f\"> </span>s<span class=\"_ _1\"></span>otto <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ci <span class=\"_ _f\"> </span>specific<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferimento <span class=\"_ _f\"></span>(ad <span class=\"_ _6\"></span>esempio <span class=\"_ _6\"></span>impianti) <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _6\"></span>relazione <span class=\"_ _f\"> </span>alla <span class=\"_ _6\"></span>natura <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019attivit\u00e0 stessa. Qualora le mi<span class=\"_ _1\"></span>gliorie e spese in<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>rementative<span class=\"_ _3\"></span> siano relative ad attivit\u00e0<span class=\"_ _1\"></span> materiali identi<span class=\"_ _1\"></span>ficabili ma non separabili, le stesse<span class=\"_ _1\"></span> sono inve<span class=\"_ _1\"></span>ce incluse nella <span class=\"_ _1\"></span>voce 120. \u201cAltre att<span class=\"_ _1\"></span>ivit\u00e0\u201d. Criteri di iscri<span class=\"_ _1\"></span>zione Le attivit\u00e0 material<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _1\"></span>inizialmente is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritte<span class=\"_ _1\"></span> al costo che <span class=\"_ _3\"></span>com<span class=\"_ _0\"></span>pre<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>de, olt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e al<span class=\"_ _1\"></span> prezzo di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>acquist<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> tutti gli eventuali one<span class=\"_ _1\"></span>ri accessori direttamente<span class=\"_ _3\"></span> i<span class=\"_ _0\"></span>mputab<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> all\u2019acqu<span class=\"_ _1\"></span>isto e alla messa i<span class=\"_ _1\"></span>n funzione del be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e. Le <span class=\"_ _0\"></span>spese <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>manutenz<span class=\"_ _3\"></span>ione <span class=\"_ _b\"></span>st<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ao<span class=\"_ _1\"></span>rdinaria <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>compo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>tano <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>incremento dei <span class=\"_ _0\"></span>benefici <span class=\"_ _0\"></span>econom<span class=\"_ _1\"></span>ici <span class=\"_ _0\"></span>futuri vengono <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mp<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tat<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>d <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>dei ces<span class=\"_ _3\"></span>piti, mentre<span class=\"_ _1\"></span> g<span class=\"_ _1\"></span>li alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sti <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>manutenzione <span class=\"_ _3\"></span>ordinaria sono rilevati a c<span class=\"_ _1\"></span>onto economico.<span class=\"_ _1\"></span> Criteri di valutaz<span class=\"_ _1\"></span>ione Le attivit\u00e0 materiali s<span class=\"_ _1\"></span>ono valutate al <span class=\"_ _1\"></span>costo, dedotti <span class=\"_ _3\"></span>ev<span class=\"_ _0\"></span>entuali amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rta<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>enti e p<span class=\"_ _1\"></span>erdite di valore. Le at<span class=\"_ _1\"></span>tivit\u00e0 materiali s<span class=\"_ _3\"></span>ono sistematicame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>ammortizzat<span class=\"_ _1\"></span>e, adottando <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ome <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>riteri<span class=\"_ _1\"></span>o di a<span class=\"_ _1\"></span>mmortament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> il <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>eto<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>quote <span class=\"_ _3\"></span>costanti, <span class=\"_ _3\"></span>lungo <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>loro <span class=\"_ _3\"></span>vita <span class=\"_ _3\"></span>util<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>. L\u2019a<span class=\"_ _3\"></span>mm<span class=\"_ _0\"></span>ortament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>inizia <span class=\"_ _3\"></span>quando <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>beni <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>disponib<span class=\"_ _1\"></span>ili per l\u2019uso. Non vengono inve<span class=\"_ _1\"></span>ce ammortizzat<span class=\"_ _1\"></span>i: - i terreni in quanto <span class=\"_ _1\"></span>hanno vita utile i<span class=\"_ _1\"></span>ndefinita; - il <span class=\"_ _3\"></span>patrim<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nio artisti<span class=\"_ _3\"></span>co in quant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la vita <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ile di <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n\u2019o<span class=\"_ _1\"></span>pera <span class=\"_ _1\"></span>d\u2019arte non p<span class=\"_ _1\"></span>u\u00f2 esse<span class=\"_ _1\"></span>re st<span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> ed <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _1\"></span>loro <span class=\"_ _1\"></span>valore \u00e8 normalmente destinato<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ad au<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>entare nel te<span class=\"_ _3\"></span>mpo; Se <span class=\"_ _3\"></span>esi<span class=\"_ _0\"></span>ste <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>alche <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>dic<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he d<span class=\"_ _3\"></span>imostri che u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>\u2019at<span class=\"_ _3\"></span>tiv<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>materi<span class=\"_ _0\"></span>ale <span class=\"_ _3\"></span>valutata <span class=\"_ _1\"></span>al cost<span class=\"_ _1\"></span>o possa <span class=\"_ _3\"></span>aver<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>subito una <span class=\"_ _f\"> </span>perdita <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>valore, <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>procede <span class=\"_ _f\"> </span>al <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>onfro<span class=\"_ _1\"></span>nto  t<span class=\"_ _3\"></span>ra <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>valore <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>carico <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _f\"> </span>cesp<span class=\"_ _1\"></span>ite <span class=\"_ _f\"> </span>ed <span class=\"_ _f\"> </span>il  s<span class=\"_ _3\"></span>uo <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _f\"> </span>di recupero. Le event<span class=\"_ _1\"></span>uali rettifiche <span class=\"_ _1\"></span>vengono rilevate a<span class=\"_ _3\"></span> C<span class=\"_ _0\"></span>onto <span class=\"_ _1\"></span>Economico. Qualora <span class=\"_ _5\"></span>vengano <span class=\"_ _5\"></span>meno <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>motivi <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _5\"></span>hanno <span class=\"_ _5\"></span>portat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>rilevazione <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>perdita, <span class=\"_ _5\"></span>si <span class=\"_ _6\"></span>d\u00e0 <span class=\"_ _5\"></span>luogo <span class=\"_ _5\"></span>ad <span class=\"_ _5\"></span>una ripresa <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>valore<span class=\"_ _1\"></span>, <span class=\"_ _d\"> </span>che <span class=\"_ _e\"> </span>non <span class=\"_ _d\"> </span>pu\u00f2 <span class=\"_ _d\"> </span>superare <span class=\"_ _d\"> </span>il <span class=\"_ _e\"> </span>va<span class=\"_ _1\"></span>lore <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>he <span class=\"_ _15\"> </span>l\u2019attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _15\"> </span>avrebbe <span class=\"_ _d\"> </span>avuto, <span class=\"_ _e\"> </span>al <span class=\"_ _15\"> </span>netto <span class=\"_ _d\"> </span>degli ammortamenti cal<span class=\"_ _1\"></span>co<span class=\"_ _0\"></span>lati<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> assenza d<span class=\"_ _1\"></span>i precedenti p<span class=\"_ _3\"></span>erd<span class=\"_ _0\"></span>ite <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>valore. Criteri di cance<span class=\"_ _1\"></span>ll<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>zione Un'attivit\u00e0 <span class=\"_ _6\"></span>mate<span class=\"_ _1\"></span>riale <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>eliminata<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>dallo <span class=\"_ _5\"></span>stato <span class=\"_ _6\"></span>patrimoniale <span class=\"_ _5\"></span>al <span class=\"_ _6\"></span>momento <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>dismissione <span class=\"_ _5\"></span>o <span class=\"_ _6\"></span>quando <span class=\"_ _5\"></span>il bene <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>perma<span class=\"_ _1\"></span>nentemente <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ir<span class=\"_ _0\"></span>ato dall<span class=\"_ _0\"></span>\u2019<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>so <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>sua <span class=\"_ _0\"></span>dismissione <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>sono <span class=\"_ _b\"></span>attesi <span class=\"_ _0\"></span>be<span class=\"_ _1\"></span>nefici <span class=\"_ _b\"></span>eco<span class=\"_ _1\"></span>nomici futuri.<span class=\"_ _4a1\"> </span>Attivit<span class=\"_ _0\"></span>\u00e0 immateriali<span class=\"_ _0\"></span> Criteri di classifica<span class=\"_ _1\"></span>zione Le <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _0\"></span>immateriali <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>iscri<span class=\"_ _0\"></span>tte <span class=\"_ _0\"></span>come <span class=\"_ _b\"></span>tal<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>se <span class=\"_ _b\"></span>sono <span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tificab<span class=\"_ _1\"></span>ili <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ovan<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rigine <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritti <span class=\"_ _b\"></span>legali <span class=\"_ _0\"></span>o contrattuali. <span class=\"_ _f\"> </span>Tra <span class=\"_ _f\"></span>le<span class=\"_ _3\"></span>  a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _f\"></span>im<span class=\"_ _1\"></span>materiali <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>anche <span class=\"_ _f\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritto <span class=\"_ _6\"></span>l\u2019avviamento <span class=\"_ _f\"> </span>che <span class=\"_ _6\"></span>rappresenta <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ffere<span class=\"_ _1\"></span>nza<span class=\"_ _4a1\"> </span>positiva tra <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _1\"></span>costo di a<span class=\"_ _1\"></span>cquisto<span class=\"_ _1\"></span> ed il fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>value delle a<span class=\"_ _3\"></span>ttivit\u00e0 e passivit\u00e0<span class=\"_ _3\"></span> acquisite in a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bit<span class=\"_ _1\"></span>o di operazioni<span class=\"_ _1\"></span> di aggregazione azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ale.<span class=\"_ _1\"></span> Criteri di iscri<span class=\"_ _1\"></span>zione e valutaz<span class=\"_ _1\"></span>ione Le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>materiali <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritte<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _1\"></span>costo, <span class=\"_ _3\"></span>rettificato <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>eventuali <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>accessori <span class=\"_ _1\"></span>sol<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>se \u00e8 <span class=\"_ _8\"></span>probabile che <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>futuri <span class=\"_ _b\"></span>benefici <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>conomici <span class=\"_ _b\"></span>attribuibili <span class=\"_ _b\"></span>all\u2019att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ealizzin<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>costo <span class=\"_ _b\"></span>dell\u2019attivit\u00e0 <span class=\"_ _b\"></span>stessa <span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>\u00f2<span class=\"_ _1\"></span> essere <span class=\"_ _f\"></span>att<span class=\"_ _1\"></span>endibilme<span class=\"_ _1\"></span>nte <span class=\"_ _f\"> </span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minato. <span class=\"_ _6\"></span>In <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>aso <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>rario<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>dell<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _6\"></span>immateriale<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>\u00e8 <span class=\"_ _5\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ato <span class=\"_ _6\"></span>a conto economico nell<span class=\"_ _1\"></span>\u2019esercizio in cui \u00e8<span class=\"_ _1\"></span> stato sosten<span class=\"_ _1\"></span>uto. Per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>vita <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>tile <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>efinita, <span class=\"_ _b\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>ammortizzato <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>quote <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>osta<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>quote <span class=\"_ _6\"></span>decrescenti determinate <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>funzione <span class=\"_ _b\"></span>dell\u2019affluss<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ei<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>benefici <span class=\"_ _b\"></span>econo<span class=\"_ _1\"></span>mici <span class=\"_ _b\"></span>attesi <span class=\"_ _0\"></span>dall\u2019attivit\u00e0. <span class=\"_ _b\"></span>Le <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ita <span class=\"_ _0\"></span>utile indefinita  no<span class=\"_ _1\"></span>n  sono  invece<span class=\"_ _1\"></span>  soggette  ad  a<span class=\"_ _3\"></span>mm<span class=\"_ _0\"></span>orta<span class=\"_ _3\"></span>mento  sistematico, <span class=\"_ _f\"> </span>b<span class=\"_ _0\"></span>ens<span class=\"_ _1\"></span>\u00ec  ad  un  test<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>eriodico <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> verifica dell\u2019ade<span class=\"_ _1\"></span>guatezza del relativo <span class=\"_ _1\"></span>valore di iscrizione in <span class=\"_ _1\"></span>bilancio. In particolare,<span class=\"_ _1\"></span> nel <span class=\"_ _1\"></span>caso di s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ftwa<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>enerati <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _1\"></span>i costi <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uti p<span class=\"_ _3\"></span>er lo svilupp<span class=\"_ _1\"></span>o del p<span class=\"_ _1\"></span>rogetto sono <span class=\"_ _3\"></span>iscritti <span class=\"_ _3\"></span>fra <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>condizione <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>siano <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>imostrati<span class=\"_ _3\"></span> i <span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>guen<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>elementi: <span class=\"_ _3\"></span>la <span class=\"_ _8\"></span>fattibi<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t\u00e0 tecnica, l\u2019inte<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>ne del <span class=\"_ _3\"></span>completamento, l<span class=\"_ _3\"></span>\u2019u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>lit\u00e0 f<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tura, la <span class=\"_ _3\"></span>disponibilit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>risorse fi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziarie <span class=\"_ _3\"></span>e tecniche<span class=\"_ _3\"></span> sufficienti e la <span class=\"_ _1\"></span>capacit\u00e0 di determina<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e in m<span class=\"_ _1\"></span>odo attendibile i costi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el pr<span class=\"_ _1\"></span>og<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>o. Se <span class=\"_ _0\"></span>esiste <span class=\"_ _0\"></span>qualche <span class=\"_ _b\"></span>indicazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>dimost<span class=\"_ _1\"></span>ri <span class=\"_ _b\"></span>che <span class=\"_ _0\"></span>un\u2019a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>possa <span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>ere <span class=\"_ _0\"></span>sub\u00ect<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>una <span class=\"_ _0\"></span>perdita <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>valore, <span class=\"_ _b\"></span>si procede <span class=\"_ _f\"> </span>alla <span class=\"_ _f\"> </span>stima <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>valo<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>recupero <span class=\"_ _f\"> </span>dell'attivit\u00e0. <span class=\"_ _f\"> </span>L\u2019amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntare <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _f\"> </span>per<span class=\"_ _1\"></span>dita, <span class=\"_ _f\"> </span>rilevato <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>cont<span class=\"_ _1\"></span>o economico, \u00e8 pa<span class=\"_ _1\"></span>ri alla differenza tra i<span class=\"_ _1\"></span>l valore contabile del<span class=\"_ _1\"></span>l\u2019attivit\u00e0 ed il val<span class=\"_ _1\"></span>ore recuperabile.<span class=\"_ _1\"></span> In particolare, tra le a<span class=\"_ _1\"></span>ttivit\u00e0 immateriali s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no i<span class=\"_ _1\"></span>ncluse: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>immateriali basate <span class=\"_ _0\"></span>sulla tecnologia, q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>li<span class=\"_ _0\"></span> il <span class=\"_ _0\"></span>software <span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>plicativo, ammortizzato <span class=\"_ _0\"></span>in funzione </span></span>della prev<span class=\"_ _1\"></span>ista ob<span class=\"_ _1\"></span>solescenza t<span class=\"_ _1\"></span>ecnologi<span class=\"_ _1\"></span>ca del<span class=\"_ _1\"></span>lo stess<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>e comunque <span class=\"_ _1\"></span>non o<span class=\"_ _1\"></span>ltre <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n p<span class=\"_ _1\"></span>eriodo <span class=\"_ _3\"></span>massimo di <span class=\"_ _3\"></span>5 anni; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1c\"> </span>immateriali <span class=\"_ _1d\"> </span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tate <span class=\"_ _1d\"> </span>(i) <span class=\"_ _1c\"> </span>dalla <span class=\"_ _1c\"> </span>valorizzazio<span class=\"_ _1\"></span>ne, <span class=\"_ _1c\"> </span>in <span class=\"_ _1d\"> </span>occ<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>ione <span class=\"_ _1c\"> </span>di <span class=\"_ _1d\"> </span>o<span class=\"_ _0\"></span>perazio<span class=\"_ _1\"></span>ni <span class=\"_ _1c\"> </span>di </span></span>aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di relazio<span class=\"_ _1\"></span>ni c<span class=\"_ _0\"></span>on la clientela o <span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dati<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>one sanciti dai contratti di <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>cquisizione sottoscritti, <span class=\"_ _21\"> </span>(ii) <span class=\"_ _21\"> </span>dal <span class=\"_ _91\"> </span>rappo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _1c\"> </span>c<span class=\"_ _0\"></span>ontrattuale <span class=\"_ _21\"> </span>acq<span class=\"_ _1\"></span>uisito. <span class=\"_ _21\"> </span>Tali <span class=\"_ _91\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0, <span class=\"_ _21\"> </span>a <span class=\"_ _21\"> </span>v<span class=\"_ _0\"></span>ita <span class=\"_ _21\"> </span>definita, <span class=\"_ _21\"> </span>sono originariamente  v<span class=\"_ _0\"></span>alorizzat<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>fair <span class=\"_ _c\"> </span>value <span class=\"_ _c\"> </span>attrave<span class=\"_ _3\"></span>rso <span class=\"_ _16\"> </span>l\u2019att<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>alizza<span class=\"_ _1\"></span>zione, <span class=\"_ _c\"> </span>con <span class=\"_ _c\"> </span>l\u2019utilizz<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>un <span class=\"_ _c\"> </span>tasso rappresentativo <span class=\"_ _16\"> </span>del <span class=\"_ _1f\"> </span>valore <span class=\"_ _1f\"> </span>temporale<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>denaro <span class=\"_ _1f\"> </span>e <span class=\"_ _1f\"> </span>dei <span class=\"_ _16\"> </span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi <span class=\"_ _1f\"> </span>specifici <span class=\"_ _16\"> </span>dell\u2019attivit\u00e0, <span class=\"_ _16\"> </span>dei <span class=\"_ _1f\"> </span>f<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>i rappresentativi <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _1\"></span>ine <span class=\"_ _b\"></span>commissionale <span class=\"_ _b\"></span>netto <span class=\"_ _b\"></span>lungo <span class=\"_ _5\"></span>un <span class=\"_ _b\"></span>periodo <span class=\"_ _b\"></span>esprimente <span class=\"_ _b\"></span>la <span class=\"_ _5\"></span>durata <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span>dua, contrattuale <span class=\"_ _1a\"> </span>o <span class=\"_ _1a\"> </span>st<span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>rapp<span class=\"_ _1\"></span>orti <span class=\"_ _1a\"> </span>in<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>essere <span class=\"_ _1a\"> </span>al <span class=\"_ _1a\"> </span>moment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019operaz<span class=\"_ _1\"></span>ione <span class=\"_ _1a\"> </span>di aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e/ac<span class=\"_ _1\"></span>quisizione. <span class=\"_ _1f\"> </span>E<span class=\"_ _0\"></span>sse <span class=\"_ _1f\"> </span>sono <span class=\"_ _15\"> </span>ammortizz<span class=\"_ _1\"></span>ate <span class=\"_ _15\"> </span>lungo <span class=\"_ _15\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iodo <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>afflusso <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>benefici economici attesi; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>immat<span class=\"_ _1\"></span>eriali l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ate alla valorizzazione dei marchi iscritti <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>che in occasione di <span class=\"_ _0\"></span>ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azioni di </span></span>aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i azie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dali;<span class=\"_ _3\"></span> -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">infine, <span class=\"_ _19\"> </span>t<span class=\"_ _1\"></span>ra <span class=\"_ _19\"> </span>le <span class=\"_ _19\"> </span>attivit\u00e0 <span class=\"_ _19\"> </span>imm<span class=\"_ _0\"></span>ate<span class=\"_ _3\"></span>riali<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _19\"> </span>incluso <span class=\"_ _19\"> </span>l\u2019avviamento. <span class=\"_ _19\"> </span>L\u2019avviament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>pu\u00f2<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>essere <span class=\"_ _19\"> </span>iscritto, </span></span>nell\u2019ambito <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>operazioni <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>aggregazione <span class=\"_ _3\"></span>azie<span class=\"_ _1\"></span>ndale, <span class=\"_ _3\"></span>quando la<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>differenza <span class=\"_ _3\"></span>posit<span class=\"_ _1\"></span>iva <span class=\"_ _3\"></span>fra <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>corrispetti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> trasferito e l\u2019eventuale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rilevazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne al fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>a quo<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>di minoranza ed il fai<span class=\"_ _1\"></span>r  value <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>elementi <span class=\"_ _0\"></span>patrimoniali <span class=\"_ _0\"></span>acquisi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>sen<span class=\"_ _0\"></span>tativ<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>capacit\u00e0 <span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ituali <span class=\"_ _b\"></span>future <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a partecipazione/atti<span class=\"_ _1\"></span>vi <span class=\"_ _d\"> </span>trasfe<span class=\"_ _1\"></span>riti <span class=\"_ _d\"> </span>(goodwill)<span class=\"_ _1\"></span>. <span class=\"_ _15\"> </span>Qualora <span class=\"_ _1f\"> </span>tale <span class=\"_ _d\"> </span>differenza <span class=\"_ _15\"> </span>risulti <span class=\"_ _15\"> </span>negativa <span class=\"_ _15\"> </span>(badwill) <span class=\"_ _1f\"> </span>o nell\u2019ipotesi <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>cui <span class=\"_ _d\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>goodwill <span class=\"_ _15\"> </span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _e\"> </span>trovi <span class=\"_ _15\"> </span>g<span class=\"_ _0\"></span>iusti<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cazione <span class=\"_ _d\"> </span>nelle <span class=\"_ _d\"> </span>capacit\u00e0 <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>uali<span class=\"ff3 fc3\"> <span class=\"_ _d\"> </span></span>fu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>re <span class=\"_ _15\"> </span>dell<span class=\"_ _0\"></span>a partecipata, <span class=\"_ _6\"></span>la <span class=\"_ _f\"> </span>differenza <span class=\"_ _6\"></span>stessa <span class=\"_ _6\"></span>vi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>iscritta <span class=\"_ _f\"> </span>dire<span class=\"_ _3\"></span>ttamente <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>conto <span class=\"_ _f\"> </span>economic<span class=\"_ _1\"></span>o. <span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>on <span class=\"_ _6\"></span>periodicit\u00e0 annuale <span class=\"_ _5\"></span>(o <span class=\"_ _6\"></span>ogni <span class=\"_ _5\"></span>vol<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>che <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>ev<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>denza <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>perdita<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re) <span class=\"_ _5\"></span>viene <span class=\"_ _6\"></span>effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ato <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>test <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>erif<span class=\"_ _1\"></span>ica dell\u2019adeguatezza <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lore dell\u2019avviament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>. A<span class=\"_ _1\"></span> ta<span class=\"_ _1\"></span>l fine <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne ide<span class=\"_ _1\"></span>ntificata l\u2019<span class=\"_ _1\"></span>Unit\u00e0 <span class=\"_ _1\"></span>generatrice di <span class=\"_ _3\"></span>flussi fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>attribuire <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vviamento. <span class=\"_ _3\"></span>L\u2019ammontare <span class=\"_ _3\"></span>dell\u2019eventuale <span class=\"_ _3\"></span>riduzio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>\u00e8 dete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span> sulla <span class=\"_ _0\"></span>base d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la d<span class=\"_ _0\"></span>ifferenza tra <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>iscrizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne dell\u2019avviamento <span class=\"_ _0\"></span>ed il <span class=\"_ _0\"></span>suo <span class=\"_ _0\"></span>valore d<span class=\"_ _0\"></span>i recupero, se inf<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ore. Detto valore di recupero \u00e8 pari al magg<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ore tra il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value dell\u2019Unit\u00e0<span class=\"_ _1\"></span> generatrice di flu<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>i fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari, <span class=\"_ _c\"> </span>al  n<span class=\"_ _0\"></span>etto  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>entua<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i  costi <span class=\"_ _c\"> </span>di  v<span class=\"_ _0\"></span>endit<span class=\"_ _3\"></span>a, <span class=\"_ _c\"> </span>ed <span class=\"_ _c\"> </span>il <span class=\"_ _c\"> </span>relati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _c\"> </span>val<span class=\"_ _1\"></span>ore <span class=\"_ _c\"> </span>d\u2019uso.  Le <span class=\"_ _c\"> </span>conse<span class=\"_ _1\"></span>guenti rettifiche di valore <span class=\"_ _1\"></span>vengono rilevate a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onto e<span class=\"_ _1\"></span>conomico. Criteri di cance<span class=\"_ _1\"></span>ll<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>zione Un'attivit\u00e0 <span class=\"_ _b\"></span>immateriale <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>eliminata <span class=\"_ _b\"></span>dallo <span class=\"_ _b\"></span>stato <span class=\"_ _5\"></span>pat<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imonia<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>momento <span class=\"_ _5\"></span>della <span class=\"_ _b\"></span>dismissione <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>qualora non siano pi\u00f9 attesi be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>efici ec<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nomi<span class=\"_ _1\"></span>ci futuri.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-13": {
   "value": "Attivit<span class=\"_ _0\"></span>\u00e0 materiali Criteri di classifica<span class=\"_ _1\"></span>zione Le at<span class=\"_ _1\"></span>tivit\u00e0 mate<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iali <span class=\"_ _3\"></span>comprendono <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>terreni, <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _3\"></span>immobili <span class=\"_ _3\"></span>strumentali, <span class=\"_ _1\"></span>le ope<span class=\"_ _3\"></span>re d\u2019arte, <span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>mobili e <span class=\"_ _3\"></span>gli a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>redi nonch\u00e9 <span class=\"_ _5\"></span>le <span class=\"_ _6\"></span>attrezzatu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>qu<span class=\"_ _0\"></span>als<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>asi <span class=\"_ _5\"></span>tipo <span class=\"_ _b\"></span>che <span class=\"_ _6\"></span>si <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>itie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>utilizzare <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _6\"></span>esercizio.<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>Le <span class=\"_ _5\"></span>attivit\u00e0 materiali  detenute <span class=\"_ _c\"> </span>per<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>essere  u<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>izza<span class=\"_ _1\"></span>te <span class=\"_ _c\"> </span>nella<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>produzione  o <span class=\"_ _c\"> </span>nella  fornitura  di <span class=\"_ _c\"> </span>be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>servizi <span class=\"_ _c\"> </span>s<span class=\"_ _3\"></span>ono classificate come \u201catti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 ad <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>so f<span class=\"_ _1\"></span>unzionale\u201d secondo lo IAS 16<span class=\"_ _1\"></span>.  Nelle <span class=\"_ _0\"></span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _0\"></span>mater<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ali confluiscon<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>inoltre le miglior<span class=\"_ _0\"></span>ie<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>su b<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>di terzi qu<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ra le <span class=\"_ _0\"></span>stesse costituisca<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o spese <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ncreme<span class=\"_ _1\"></span>ntative relat<span class=\"_ _1\"></span>ive ad <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _3\"></span>iden<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>ficabili <span class=\"_ _1\"></span>e sep<span class=\"_ _1\"></span>arabili. In <span class=\"_ _3\"></span>tal caso <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>lass<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ficazio<span class=\"_ _1\"></span>ne av<span class=\"_ _1\"></span>viene nelle <span class=\"_ _f\"> </span>s<span class=\"_ _1\"></span>otto <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ci <span class=\"_ _f\"> </span>specific<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferimento <span class=\"_ _f\"></span>(ad <span class=\"_ _6\"></span>esempio <span class=\"_ _6\"></span>impianti) <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _6\"></span>relazione <span class=\"_ _f\"> </span>alla <span class=\"_ _6\"></span>natura <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019attivit\u00e0 stessa. Qualora le mi<span class=\"_ _1\"></span>gliorie e spese in<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>rementative<span class=\"_ _3\"></span> siano relative ad attivit\u00e0<span class=\"_ _1\"></span> materiali identi<span class=\"_ _1\"></span>ficabili ma non separabili, le stesse<span class=\"_ _1\"></span> sono inve<span class=\"_ _1\"></span>ce incluse nella <span class=\"_ _1\"></span>voce 120. \u201cAltre att<span class=\"_ _1\"></span>ivit\u00e0\u201d. Criteri di iscri<span class=\"_ _1\"></span>zione Le attivit\u00e0 material<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _1\"></span>inizialmente is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritte<span class=\"_ _1\"></span> al costo che <span class=\"_ _3\"></span>com<span class=\"_ _0\"></span>pre<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>de, olt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e al<span class=\"_ _1\"></span> prezzo di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>acquist<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> tutti gli eventuali one<span class=\"_ _1\"></span>ri accessori direttamente<span class=\"_ _3\"></span> i<span class=\"_ _0\"></span>mputab<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> all\u2019acqu<span class=\"_ _1\"></span>isto e alla messa i<span class=\"_ _1\"></span>n funzione del be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e. Le <span class=\"_ _0\"></span>spese <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>manutenz<span class=\"_ _3\"></span>ione <span class=\"_ _b\"></span>st<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ao<span class=\"_ _1\"></span>rdinaria <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>compo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>tano <span class=\"_ _0\"></span>un<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>incremento dei <span class=\"_ _0\"></span>benefici <span class=\"_ _0\"></span>econom<span class=\"_ _1\"></span>ici <span class=\"_ _0\"></span>futuri vengono <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mp<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tat<span class=\"_ _1\"></span>e a<span class=\"_ _1\"></span>d <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>dei ces<span class=\"_ _3\"></span>piti, mentre<span class=\"_ _1\"></span> g<span class=\"_ _1\"></span>li alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sti <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>manutenzione <span class=\"_ _3\"></span>ordinaria sono rilevati a c<span class=\"_ _1\"></span>onto economico.<span class=\"_ _1\"></span> Criteri di valutaz<span class=\"_ _1\"></span>ione Le attivit\u00e0 materiali s<span class=\"_ _1\"></span>ono valutate al <span class=\"_ _1\"></span>costo, dedotti <span class=\"_ _3\"></span>ev<span class=\"_ _0\"></span>entuali amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rta<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>enti e p<span class=\"_ _1\"></span>erdite di valore. Le at<span class=\"_ _1\"></span>tivit\u00e0 materiali s<span class=\"_ _3\"></span>ono sistematicame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>ammortizzat<span class=\"_ _1\"></span>e, adottando <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ome <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>riteri<span class=\"_ _1\"></span>o di a<span class=\"_ _1\"></span>mmortament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> il <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>eto<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>quote <span class=\"_ _3\"></span>costanti, <span class=\"_ _3\"></span>lungo <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>loro <span class=\"_ _3\"></span>vita <span class=\"_ _3\"></span>util<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>. L\u2019a<span class=\"_ _3\"></span>mm<span class=\"_ _0\"></span>ortament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>inizia <span class=\"_ _3\"></span>quando <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>beni <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>disponib<span class=\"_ _1\"></span>ili per l\u2019uso. Non vengono inve<span class=\"_ _1\"></span>ce ammortizzat<span class=\"_ _1\"></span>i: - i terreni in quanto <span class=\"_ _1\"></span>hanno vita utile i<span class=\"_ _1\"></span>ndefinita; - il <span class=\"_ _3\"></span>patrim<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nio artisti<span class=\"_ _3\"></span>co in quant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la vita <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ile di <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n\u2019o<span class=\"_ _1\"></span>pera <span class=\"_ _1\"></span>d\u2019arte non p<span class=\"_ _1\"></span>u\u00f2 esse<span class=\"_ _1\"></span>re st<span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> ed <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _1\"></span>loro <span class=\"_ _1\"></span>valore \u00e8 normalmente destinato<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ad au<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>entare nel te<span class=\"_ _3\"></span>mpo; Se <span class=\"_ _3\"></span>esi<span class=\"_ _0\"></span>ste <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>alche <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>dic<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he d<span class=\"_ _3\"></span>imostri che u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>\u2019at<span class=\"_ _3\"></span>tiv<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>materi<span class=\"_ _0\"></span>ale <span class=\"_ _3\"></span>valutata <span class=\"_ _1\"></span>al cost<span class=\"_ _1\"></span>o possa <span class=\"_ _3\"></span>aver<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>subito una <span class=\"_ _f\"> </span>perdita <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>valore, <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>procede <span class=\"_ _f\"> </span>al <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>onfro<span class=\"_ _1\"></span>nto  t<span class=\"_ _3\"></span>ra <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>valore <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>carico <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _f\"> </span>cesp<span class=\"_ _1\"></span>ite <span class=\"_ _f\"> </span>ed <span class=\"_ _f\"> </span>il  s<span class=\"_ _3\"></span>uo <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _f\"> </span>di recupero. Le event<span class=\"_ _1\"></span>uali rettifiche <span class=\"_ _1\"></span>vengono rilevate a<span class=\"_ _3\"></span> C<span class=\"_ _0\"></span>onto <span class=\"_ _1\"></span>Economico. Qualora <span class=\"_ _5\"></span>vengano <span class=\"_ _5\"></span>meno <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>motivi <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _5\"></span>hanno <span class=\"_ _5\"></span>portat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>rilevazione <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>perdita, <span class=\"_ _5\"></span>si <span class=\"_ _6\"></span>d\u00e0 <span class=\"_ _5\"></span>luogo <span class=\"_ _5\"></span>ad <span class=\"_ _5\"></span>una ripresa <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>valore<span class=\"_ _1\"></span>, <span class=\"_ _d\"> </span>che <span class=\"_ _e\"> </span>non <span class=\"_ _d\"> </span>pu\u00f2 <span class=\"_ _d\"> </span>superare <span class=\"_ _d\"> </span>il <span class=\"_ _e\"> </span>va<span class=\"_ _1\"></span>lore <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>he <span class=\"_ _15\"> </span>l\u2019attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _15\"> </span>avrebbe <span class=\"_ _d\"> </span>avuto, <span class=\"_ _e\"> </span>al <span class=\"_ _15\"> </span>netto <span class=\"_ _d\"> </span>degli ammortamenti cal<span class=\"_ _1\"></span>co<span class=\"_ _0\"></span>lati<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> assenza d<span class=\"_ _1\"></span>i precedenti p<span class=\"_ _3\"></span>erd<span class=\"_ _0\"></span>ite <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>valore. Criteri di cance<span class=\"_ _1\"></span>ll<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>zione Un'attivit\u00e0 <span class=\"_ _6\"></span>mate<span class=\"_ _1\"></span>riale <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>eliminata<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>dallo <span class=\"_ _5\"></span>stato <span class=\"_ _6\"></span>patrimoniale <span class=\"_ _5\"></span>al <span class=\"_ _6\"></span>momento <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>dismissione <span class=\"_ _5\"></span>o <span class=\"_ _6\"></span>quando <span class=\"_ _5\"></span>il bene <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>perma<span class=\"_ _1\"></span>nentemente <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ir<span class=\"_ _0\"></span>ato dall<span class=\"_ _0\"></span>\u2019<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>so <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>sua <span class=\"_ _0\"></span>dismissione <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>sono <span class=\"_ _b\"></span>attesi <span class=\"_ _0\"></span>be<span class=\"_ _1\"></span>nefici <span class=\"_ _b\"></span>eco<span class=\"_ _1\"></span>nomici futuri.<span class=\"_ _4a1\"> </span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-14": {
   "value": "Leasing <span class=\"ff3 fs2\">(Locatario) </span>Criteri di classifica<span class=\"_ _1\"></span>zione Un contratto, o pa<span class=\"_ _1\"></span>rte di esso, \u00e8 classif<span class=\"_ _1\"></span>icato come lea<span class=\"_ _1\"></span>sing se, in cambio <span class=\"_ _1\"></span>di un corrispettiv<span class=\"_ _1\"></span>o, conferisce il diri<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>o di controllare l'<span class=\"_ _1\"></span>utilizzo di un'attivit\u00e0<span class=\"_ _1\"></span> specific<span class=\"_ _1\"></span>ata per un periodo <span class=\"_ _1\"></span>di tempo, quindi, se l<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ngo tutto il periodo di utilizzo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el be<span class=\"_ _1\"></span>ne si godr\u00e0 di entram<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>i i s<span class=\"_ _3\"></span>eg<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>nti diritti: a) il diritto di ottene<span class=\"_ _1\"></span>re sostanzialmente t<span class=\"_ _3\"></span>utti i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ene<span class=\"_ _1\"></span>fici economi<span class=\"_ _1\"></span>ci d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti dall'utilizzo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ell'attivit\u00e0; e b) il diritto di decidere<span class=\"_ _3\"></span> su<span class=\"_ _0\"></span>ll'<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tilizz<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> dell'attivit\u00e0<span class=\"_ _1\"></span>. In caso d<span class=\"_ _3\"></span>i modifica dei <span class=\"_ _1\"></span>te<span class=\"_ _1\"></span>rmini e <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>condizioni del <span class=\"_ _3\"></span>contratto si <span class=\"_ _1\"></span>procede <span class=\"_ _3\"></span>ad una nu<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>va <span class=\"_ _1\"></span>valutazione pe<span class=\"_ _1\"></span>r determinare se il contratt<span class=\"_ _3\"></span>o \u00e8 o contiene un leasin<span class=\"_ _1\"></span>g.<span class=\"_ _4a1\"> </span>l Gruppo non ap<span class=\"_ _1\"></span>plica le presenti re<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ole:<span class=\"_ _1\"></span> <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">ai leasing di attivit\u00e0 i<span class=\"_ _1\"></span>mmateriali; </span></span><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">ai leasing a breve te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>mine (du<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ata mi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ore o u<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uale a<span class=\"_ _1\"></span> 12 mesi); </span></span><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">ai l<span class=\"_ _0\"></span>easing <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>cui <span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>'attivit\u00e0 <span class=\"_ _0\"></span>sott<span class=\"_ _1\"></span>ostante <span class=\"_ _0\"></span>sia d<span class=\"_ _0\"></span>i modesto<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>(attivit\u00e0 il <span class=\"_ _0\"></span>cui valore <span class=\"_ _0\"></span>unitario \u00e8 <span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>nore<span class=\"_ _1\"></span> </span></span>o uguale a 5.000 Euro<span class=\"_ _1\"></span>). Criteri di iscri<span class=\"_ _1\"></span>zione, valutazione <span class=\"_ _1\"></span>e cancellazione<span class=\"_ _1\"></span> Una volta verificato se<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>n con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ratto si configuri qua<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e leasin<span class=\"_ _1\"></span>g, alla data di dec<span class=\"_ _1\"></span>orrenza del <span class=\"_ _1\"></span>contratto <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i rileva l'attivit\u00e0 consistente <span class=\"_ _3\"></span>nel<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iritto <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>utilizzo e la p<span class=\"_ _1\"></span>assivit\u00e0 del leasing. La valutazione iniz<span class=\"_ _1\"></span>iale dell'attivit\u00e0 c<span class=\"_ _1\"></span>onsistente nel <span class=\"_ _1\"></span>diritto di util<span class=\"_ _1\"></span>izzo avviene al cost<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> che <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>de: a)<span class=\"ff4 fs5\"> <span class=\"_ _1c\"> </span></span>l'im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> della val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>taz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>iziale della pa<span class=\"_ _1\"></span>ssivit\u00e0 de<span class=\"_ _1\"></span>l leasing; b)<span class=\"ff4 fs5\"> <span class=\"_ _18\"> </span></span>i pagamenti <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ovuti per il leasing effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ati alla data o prima della data<span class=\"_ _1\"></span> di d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>correnza al netto degli inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i al leas<span class=\"_ _1\"></span>ing ricevuti;<span class=\"_ _1\"></span> c)<span class=\"ff4 fs5\"> <span class=\"_ _21\"> </span></span>i costi iniziali diretti s<span class=\"_ _1\"></span>ostenuti dal locatari<span class=\"_ _1\"></span>o; e d)<span class=\"ff4 fs5\"> <span class=\"_ _18\"> </span></span>la <span class=\"_ _f\"> </span>stima <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>costi <span class=\"_ _6\"></span>che <span class=\"_ _f\"> </span>si <span class=\"_ _6\"></span>dovranno <span class=\"_ _6\"></span>sostenere <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>lo <span class=\"_ _f\"> </span>sma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tellame<span class=\"_ _1\"></span>nto <span class=\"_ _f\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>la <span class=\"_ _6\"></span>rimozio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>dell'atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 sottostante <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>il r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>pristi<span class=\"_ _1\"></span>no de<span class=\"_ _3\"></span>l sito <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _1\"></span>ubicata <span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ripristi<span class=\"_ _1\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dell'attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>sotto<span class=\"_ _0\"></span>sta<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _8\"></span>nel<span class=\"_ _0\"></span>le<span class=\"_ _3\"></span> condizioni previste dai<span class=\"_ _1\"></span> termini e dalle<span class=\"_ _1\"></span> condizioni de<span class=\"_ _3\"></span>l <span class=\"_ _0\"></span>leasin<span class=\"_ _1\"></span>g. La <span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>taz<span class=\"_ _1\"></span>ione <span class=\"_ _0\"></span>iniziale <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>passivit\u00e0 <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>leasin<span class=\"_ _1\"></span>g <span class=\"_ _b\"></span>av<span class=\"_ _1\"></span>vien<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>al v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>attuale <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>pagamenti <span class=\"_ _0\"></span>dovuti <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>il leasing non <span class=\"_ _0\"></span>versati a <span class=\"_ _0\"></span>tale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>data. I <span class=\"_ _0\"></span>paga<span class=\"_ _1\"></span>menti d<span class=\"_ _0\"></span>ov<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ti per il <span class=\"_ _0\"></span>leasi<span class=\"_ _1\"></span>ng <span class=\"_ _0\"></span>so<span class=\"_ _1\"></span>no <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ualizzati <span class=\"_ _0\"></span>ut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>lizzan<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o il <span class=\"_ _0\"></span>tass<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>di fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziamen<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ginale <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>apogruppo. In caso<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i ope<span class=\"_ _1\"></span>razioni in cui l\u2019attivit\u00e0 sottosta<span class=\"_ _1\"></span>nte un<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontratto di leasi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g \u00e8 a sua volta data in le<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>ing dal Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o ad una terza parte, ri<span class=\"_ _1\"></span>manendo i<span class=\"_ _1\"></span>n vigore il leasing c<span class=\"_ _1\"></span>on il locatario p<span class=\"_ _1\"></span>rincipale, l\u2019atti<span class=\"_ _1\"></span>vit\u00e0 \u00e8 rilevata com<span class=\"_ _0\"></span>e credit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziario <span class=\"_ _0\"></span>ad un <span class=\"_ _0\"></span>valore pari <span class=\"_ _0\"></span>agli <span class=\"_ _0\"></span>incassi esigibili <span class=\"_ _0\"></span>per il<span class=\"_ _0\"></span> sub-leasing attualizzati <span class=\"_ _0\"></span>al tasso <span class=\"_ _0\"></span>di attualizzazione per il leas<span class=\"_ _3\"></span>ing pr<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cipa<span class=\"_ _1\"></span>le. La <span class=\"_ _e\"> </span>contabilizzazione <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>me <span class=\"_ _e\"> </span>leasing <span class=\"_ _e\"> </span>avviene <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>ogni<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>leasin<span class=\"_ _1\"></span>g <span class=\"_ _e\"> </span>separandola <span class=\"_ _e\"> </span>dalle com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>non di leasing. La <span class=\"_ _b\"></span>durata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>leasing <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>determi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ata <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>periodo <span class=\"_ _b\"></span>non <span class=\"_ _b\"></span>annullabile <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>easi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g, <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>cu<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>vanno <span class=\"_ _b\"></span>aggiunti entrambi i seg<span class=\"_ _1\"></span>uenti <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>riodi: a)<span class=\"ff4 fs5\"> <span class=\"_ _1c\"> </span></span>periodi <span class=\"_ _0\"></span>coperti da u<span class=\"_ _0\"></span>n'opzi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne di <span class=\"_ _0\"></span>proroga del<span class=\"_ _0\"></span> leasin<span class=\"_ _1\"></span>g, <span class=\"_ _0\"></span>se si <span class=\"_ _0\"></span>ha <span class=\"_ _0\"></span>la r<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>gionevole c<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>rtezza di<span class=\"_ _0\"></span> esercitare l'opzione; e<span class=\"_ _1\"></span> b)<span class=\"ff4 fs5\"> <span class=\"_ _18\"> </span></span>perio<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i  coperti <span class=\"_ _f\"> </span>dall'opzione  di  r<span class=\"_ _1\"></span>isoluzione  de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>  lea<span class=\"_ _3\"></span>sin<span class=\"_ _0\"></span>g, <span class=\"_ _f\"> </span>se  si  ha  la<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>ra<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ione<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ole <span class=\"_ _f\"> </span>cer<span class=\"_ _0\"></span>tezz<span class=\"_ _1\"></span>a  di <span class=\"_ _f\"> </span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n esercitare l'opzione.<span class=\"_ _1\"></span> Si ridetermina la durata de<span class=\"_ _3\"></span>l <span class=\"_ _0\"></span>leasi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g in caso<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di cam<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>amen<span class=\"_ _0\"></span>to del per<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>odo <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>on an<span class=\"_ _1\"></span>nullabile del leasin<span class=\"_ _1\"></span>g. Dopo la data di isc<span class=\"_ _1\"></span>rizione iniziale, la <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alutazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>'attivit\u00e0 a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>viene ap<span class=\"_ _1\"></span>plicando il mo<span class=\"_ _1\"></span>dello del costo.<span class=\"_ _1\"></span> Le attivit\u00e0 consiste<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti nel d<span class=\"_ _1\"></span>iritto di utilizzo s<span class=\"_ _1\"></span>ono ammortizza<span class=\"_ _1\"></span>te dalla data di deco<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>renza<span class=\"_ _1\"></span> del contratto sino al termine della <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>urata<span class=\"_ _1\"></span> del leasing. Dopo la data di dec<span class=\"_ _1\"></span>orrenza la passivit\u00e0 de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> leasi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g \u00e8 <span class=\"_ _3\"></span>valu<span class=\"_ _0\"></span>tata<span class=\"_ _1\"></span>: a)<span class=\"ff4 fs5\"> <span class=\"_ _1c\"> </span></span>aumentando il valo<span class=\"_ _1\"></span>re contabile per tene<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> cont<span class=\"_ _1\"></span>o degli interessi<span class=\"_ _1\"></span> sulla passivit\u00e0 <span class=\"_ _1\"></span>del leasing; b)<span class=\"ff4 fs5\"> <span class=\"_ _18\"> </span></span>di<span class=\"_ _0\"></span>mi<span class=\"_ _1\"></span>nuendo il valore co<span class=\"_ _1\"></span>ntabile per te<span class=\"_ _1\"></span>ner conto dei p<span class=\"_ _1\"></span>agamenti effettuati per <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l leasi<span class=\"_ _1\"></span>ng; c)<span class=\"ff4 fs5\"> <span class=\"_ _21\"> </span></span>rid<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>mi<span class=\"_ _1\"></span>nando il v<span class=\"_ _0\"></span>alore contabile per tener conto d<span class=\"_ _0\"></span>i eventuali nuove valutazioni o modifiche <span class=\"_ _0\"></span>del<span class=\"_ _3\"></span> leasing o della <span class=\"_ _1\"></span>revisione dei pagame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti dov<span class=\"_ _1\"></span>uti per il leasin<span class=\"_ _1\"></span>g. Gli <span class=\"_ _6\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>essi<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>sulla <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>leasing <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _f\"> </span>pagame<span class=\"_ _1\"></span>nti <span class=\"_ _6\"></span>vari<span class=\"_ _0\"></span>ab<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vuti <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>easi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g, <span class=\"_ _5\"></span>non <span class=\"_ _6\"></span>inclusi <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>ella<span class=\"_ _3\"></span> valutazione <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>passivit\u00e0 <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>leasing, <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vati <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>conto <span class=\"_ _b\"></span>ec<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nomico <span class=\"_ _0\"></span>nell'esercizio <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>si <span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rifi<span class=\"_ _1\"></span>ca l'evento o la circostanza<span class=\"_ _1\"></span> che fa scattare <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> pagament<span class=\"_ _3\"></span>i. In <span class=\"_ _0\"></span>bilancio le <span class=\"_ _0\"></span>attivit\u00e0 consistenti nel <span class=\"_ _0\"></span>diritto di<span class=\"_ _0\"></span> utilizz<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>espo<span class=\"_ _1\"></span>ste separatamente <span class=\"_ _0\"></span>dalle <span class=\"_ _0\"></span>alt<span class=\"_ _3\"></span>re <span class=\"_ _0\"></span>attivi<span class=\"_ _0\"></span>t\u00e0,<span class=\"_ _3\"></span> le <span class=\"_ _3\"></span>passivit\u00e0 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>leasing <span class=\"_ _3\"></span>separatamente<span class=\"_ _3\"></span> dalle<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>altre <span class=\"_ _3\"></span>passivit\u00e0, <span class=\"_ _8\"></span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>interessi <span class=\"_ _3\"></span>passivi <span class=\"_ _3\"></span>sulla <span class=\"_ _3\"></span>passi<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>leasing sono <span class=\"_ _1f\"> </span>rilev<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>come <span class=\"_ _1f\"> </span>oneri <span class=\"_ _1f\"> </span>finanziari <span class=\"_ _1f\"> </span>e <span class=\"_ _15\"> </span>separatam<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>te <span class=\"_ _1f\"> </span>dalla <span class=\"_ _16\"> </span>q<span class=\"_ _0\"></span>uota <span class=\"_ _16\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>ammo<span class=\"_ _1\"></span>rtamento <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll'<span class=\"_ _0\"></span>atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 consistente nel di<span class=\"_ _1\"></span>ritto di utilizzo.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-476": {
   "value": "<div class=\"t m1 h14 ff6 fsc fc1 sc0 ls0 ws0 gs19b\">Attivit<span class=\"_ _0\"></span>\u00e0 immateriali<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs19c\">Criteri di classifica<span class=\"_ _1\"></span>zione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs19d\">Le <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _0\"></span>immateriali <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>iscri<span class=\"_ _0\"></span>tte <span class=\"_ _0\"></span>come <span class=\"_ _b\"></span>tal<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>se <span class=\"_ _b\"></span>sono <span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tificab<span class=\"_ _1\"></span>ili <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ovan<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rigine <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritti <span class=\"_ _b\"></span>legali <span class=\"_ _0\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs19e\">contrattuali. <span class=\"_ _f\"> </span>Tra <span class=\"_ _f\"></span>le<span class=\"_ _3\"></span>  a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _f\"></span>im<span class=\"_ _1\"></span>materiali <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>anche <span class=\"_ _f\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritto <span class=\"_ _6\"></span>l\u2019avviamento <span class=\"_ _f\"> </span>che <span class=\"_ _6\"></span>rappresenta <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ffere<span class=\"_ _1\"></span>nza<span class=\"_ _4a1\"> </span></div>positiva tra <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _1\"></span>costo di a<span class=\"_ _1\"></span>cquisto<span class=\"_ _1\"></span> ed il fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>value delle a<span class=\"_ _3\"></span>ttivit\u00e0 e passivit\u00e0<span class=\"_ _3\"></span> acquisite in a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bit<span class=\"_ _1\"></span>o di operazioni<span class=\"_ _1\"></span> di aggregazione azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ale.<span class=\"_ _1\"></span> Criteri di iscri<span class=\"_ _1\"></span>zione e valutaz<span class=\"_ _1\"></span>ione Le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>materiali <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritte<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _1\"></span>costo, <span class=\"_ _3\"></span>rettificato <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>eventuali <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>accessori <span class=\"_ _1\"></span>sol<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>se \u00e8 <span class=\"_ _8\"></span>probabile che <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>futuri <span class=\"_ _b\"></span>benefici <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>conomici <span class=\"_ _b\"></span>attribuibili <span class=\"_ _b\"></span>all\u2019att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ealizzin<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>costo <span class=\"_ _b\"></span>dell\u2019attivit\u00e0 <span class=\"_ _b\"></span>stessa <span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>\u00f2<span class=\"_ _1\"></span> essere <span class=\"_ _f\"></span>att<span class=\"_ _1\"></span>endibilme<span class=\"_ _1\"></span>nte <span class=\"_ _f\"> </span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minato. <span class=\"_ _6\"></span>In <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>aso <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>rario<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>dell<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _6\"></span>immateriale<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>\u00e8 <span class=\"_ _5\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ato <span class=\"_ _6\"></span>a conto economico nell<span class=\"_ _1\"></span>\u2019esercizio in cui \u00e8<span class=\"_ _1\"></span> stato sosten<span class=\"_ _1\"></span>uto. Per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>vita <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>tile <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>efinita, <span class=\"_ _b\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>ammortizzato <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>quote <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>osta<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>quote <span class=\"_ _6\"></span>decrescenti determinate <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>funzione <span class=\"_ _b\"></span>dell\u2019affluss<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ei<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>benefici <span class=\"_ _b\"></span>econo<span class=\"_ _1\"></span>mici <span class=\"_ _b\"></span>attesi <span class=\"_ _0\"></span>dall\u2019attivit\u00e0. <span class=\"_ _b\"></span>Le <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ita <span class=\"_ _0\"></span>utile indefinita  no<span class=\"_ _1\"></span>n  sono  invece<span class=\"_ _1\"></span>  soggette  ad  a<span class=\"_ _3\"></span>mm<span class=\"_ _0\"></span>orta<span class=\"_ _3\"></span>mento  sistematico, <span class=\"_ _f\"> </span>b<span class=\"_ _0\"></span>ens<span class=\"_ _1\"></span>\u00ec  ad  un  test<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>eriodico <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> verifica dell\u2019ade<span class=\"_ _1\"></span>guatezza del relativo <span class=\"_ _1\"></span>valore di iscrizione in <span class=\"_ _1\"></span>bilancio. In particolare,<span class=\"_ _1\"></span> nel <span class=\"_ _1\"></span>caso di s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ftwa<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>enerati <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _1\"></span>i costi <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uti p<span class=\"_ _3\"></span>er lo svilupp<span class=\"_ _1\"></span>o del p<span class=\"_ _1\"></span>rogetto sono <span class=\"_ _3\"></span>iscritti <span class=\"_ _3\"></span>fra <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>condizione <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>siano <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>imostrati<span class=\"_ _3\"></span> i <span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>guen<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>elementi: <span class=\"_ _3\"></span>la <span class=\"_ _8\"></span>fattibi<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t\u00e0 tecnica, l\u2019inte<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>ne del <span class=\"_ _3\"></span>completamento, l<span class=\"_ _3\"></span>\u2019u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>lit\u00e0 f<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tura, la <span class=\"_ _3\"></span>disponibilit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>risorse fi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziarie <span class=\"_ _3\"></span>e tecniche<span class=\"_ _3\"></span> sufficienti e la <span class=\"_ _1\"></span>capacit\u00e0 di determina<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e in m<span class=\"_ _1\"></span>odo attendibile i costi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el pr<span class=\"_ _1\"></span>og<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>o. Se <span class=\"_ _0\"></span>esiste <span class=\"_ _0\"></span>qualche <span class=\"_ _b\"></span>indicazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>dimost<span class=\"_ _1\"></span>ri <span class=\"_ _b\"></span>che <span class=\"_ _0\"></span>un\u2019a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>possa <span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>ere <span class=\"_ _0\"></span>sub\u00ect<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>una <span class=\"_ _0\"></span>perdita <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>valore, <span class=\"_ _b\"></span>si procede <span class=\"_ _f\"> </span>alla <span class=\"_ _f\"> </span>stima <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>valo<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>recupero <span class=\"_ _f\"> </span>dell'attivit\u00e0. <span class=\"_ _f\"> </span>L\u2019amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntare <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _f\"> </span>per<span class=\"_ _1\"></span>dita, <span class=\"_ _f\"> </span>rilevato <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>cont<span class=\"_ _1\"></span>o economico, \u00e8 pa<span class=\"_ _1\"></span>ri alla differenza tra i<span class=\"_ _1\"></span>l valore contabile del<span class=\"_ _1\"></span>l\u2019attivit\u00e0 ed il val<span class=\"_ _1\"></span>ore recuperabile.<span class=\"_ _1\"></span> In particolare, tra le a<span class=\"_ _1\"></span>ttivit\u00e0 immateriali s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no i<span class=\"_ _1\"></span>ncluse: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>immateriali basate <span class=\"_ _0\"></span>sulla tecnologia, q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>li<span class=\"_ _0\"></span> il <span class=\"_ _0\"></span>software <span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>plicativo, ammortizzato <span class=\"_ _0\"></span>in funzione </span></span>della prev<span class=\"_ _1\"></span>ista ob<span class=\"_ _1\"></span>solescenza t<span class=\"_ _1\"></span>ecnologi<span class=\"_ _1\"></span>ca del<span class=\"_ _1\"></span>lo stess<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>e comunque <span class=\"_ _1\"></span>non o<span class=\"_ _1\"></span>ltre <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n p<span class=\"_ _1\"></span>eriodo <span class=\"_ _3\"></span>massimo di <span class=\"_ _3\"></span>5 anni; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1c\"> </span>immateriali <span class=\"_ _1d\"> </span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tate <span class=\"_ _1d\"> </span>(i) <span class=\"_ _1c\"> </span>dalla <span class=\"_ _1c\"> </span>valorizzazio<span class=\"_ _1\"></span>ne, <span class=\"_ _1c\"> </span>in <span class=\"_ _1d\"> </span>occ<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>ione <span class=\"_ _1c\"> </span>di <span class=\"_ _1d\"> </span>o<span class=\"_ _0\"></span>perazio<span class=\"_ _1\"></span>ni <span class=\"_ _1c\"> </span>di </span></span>aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di relazio<span class=\"_ _1\"></span>ni c<span class=\"_ _0\"></span>on la clientela o <span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dati<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>one sanciti dai contratti di <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>cquisizione sottoscritti, <span class=\"_ _21\"> </span>(ii) <span class=\"_ _21\"> </span>dal <span class=\"_ _91\"> </span>rappo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _1c\"> </span>c<span class=\"_ _0\"></span>ontrattuale <span class=\"_ _21\"> </span>acq<span class=\"_ _1\"></span>uisito. <span class=\"_ _21\"> </span>Tali <span class=\"_ _91\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0, <span class=\"_ _21\"> </span>a <span class=\"_ _21\"> </span>v<span class=\"_ _0\"></span>ita <span class=\"_ _21\"> </span>definita, <span class=\"_ _21\"> </span>sono originariamente  v<span class=\"_ _0\"></span>alorizzat<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>fair <span class=\"_ _c\"> </span>value <span class=\"_ _c\"> </span>attrave<span class=\"_ _3\"></span>rso <span class=\"_ _16\"> </span>l\u2019att<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>alizza<span class=\"_ _1\"></span>zione, <span class=\"_ _c\"> </span>con <span class=\"_ _c\"> </span>l\u2019utilizz<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>un <span class=\"_ _c\"> </span>tasso rappresentativo <span class=\"_ _16\"> </span>del <span class=\"_ _1f\"> </span>valore <span class=\"_ _1f\"> </span>temporale<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>denaro <span class=\"_ _1f\"> </span>e <span class=\"_ _1f\"> </span>dei <span class=\"_ _16\"> </span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi <span class=\"_ _1f\"> </span>specifici <span class=\"_ _16\"> </span>dell\u2019attivit\u00e0, <span class=\"_ _16\"> </span>dei <span class=\"_ _1f\"> </span>f<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>i rappresentativi <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _1\"></span>ine <span class=\"_ _b\"></span>commissionale <span class=\"_ _b\"></span>netto <span class=\"_ _b\"></span>lungo <span class=\"_ _5\"></span>un <span class=\"_ _b\"></span>periodo <span class=\"_ _b\"></span>esprimente <span class=\"_ _b\"></span>la <span class=\"_ _5\"></span>durata <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span>dua, contrattuale <span class=\"_ _1a\"> </span>o <span class=\"_ _1a\"> </span>st<span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>rapp<span class=\"_ _1\"></span>orti <span class=\"_ _1a\"> </span>in<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>essere <span class=\"_ _1a\"> </span>al <span class=\"_ _1a\"> </span>moment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019operaz<span class=\"_ _1\"></span>ione <span class=\"_ _1a\"> </span>di aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e/ac<span class=\"_ _1\"></span>quisizione. <span class=\"_ _1f\"> </span>E<span class=\"_ _0\"></span>sse <span class=\"_ _1f\"> </span>sono <span class=\"_ _15\"> </span>ammortizz<span class=\"_ _1\"></span>ate <span class=\"_ _15\"> </span>lungo <span class=\"_ _15\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iodo <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>afflusso <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>benefici economici attesi; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>immat<span class=\"_ _1\"></span>eriali l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ate alla valorizzazione dei marchi iscritti <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>che in occasione di <span class=\"_ _0\"></span>ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azioni di </span></span>aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i azie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dali;<span class=\"_ _3\"></span> -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">infine, <span class=\"_ _19\"> </span>t<span class=\"_ _1\"></span>ra <span class=\"_ _19\"> </span>le <span class=\"_ _19\"> </span>attivit\u00e0 <span class=\"_ _19\"> </span>imm<span class=\"_ _0\"></span>ate<span class=\"_ _3\"></span>riali<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _19\"> </span>incluso <span class=\"_ _19\"> </span>l\u2019avviamento. <span class=\"_ _19\"> </span>L\u2019avviament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>pu\u00f2<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>essere <span class=\"_ _19\"> </span>iscritto, </span></span>nell\u2019ambito <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>operazioni <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>aggregazione <span class=\"_ _3\"></span>azie<span class=\"_ _1\"></span>ndale, <span class=\"_ _3\"></span>quando la<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>differenza <span class=\"_ _3\"></span>posit<span class=\"_ _1\"></span>iva <span class=\"_ _3\"></span>fra <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>corrispetti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> trasferito e l\u2019eventuale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rilevazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne al fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>a quo<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>di minoranza ed il fai<span class=\"_ _1\"></span>r  value <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>elementi <span class=\"_ _0\"></span>patrimoniali <span class=\"_ _0\"></span>acquisi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>sen<span class=\"_ _0\"></span>tativ<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>capacit\u00e0 <span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ituali <span class=\"_ _b\"></span>future <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a partecipazione/atti<span class=\"_ _1\"></span>vi <span class=\"_ _d\"> </span>trasfe<span class=\"_ _1\"></span>riti <span class=\"_ _d\"> </span>(goodwill)<span class=\"_ _1\"></span>. <span class=\"_ _15\"> </span>Qualora <span class=\"_ _1f\"> </span>tale <span class=\"_ _d\"> </span>differenza <span class=\"_ _15\"> </span>risulti <span class=\"_ _15\"> </span>negativa <span class=\"_ _15\"> </span>(badwill) <span class=\"_ _1f\"> </span>o nell\u2019ipotesi <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>cui <span class=\"_ _d\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>goodwill <span class=\"_ _15\"> </span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _e\"> </span>trovi <span class=\"_ _15\"> </span>g<span class=\"_ _0\"></span>iusti<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cazione <span class=\"_ _d\"> </span>nelle <span class=\"_ _d\"> </span>capacit\u00e0 <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>uali<span class=\"ff3 fc3\"> <span class=\"_ _d\"> </span></span>fu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>re <span class=\"_ _15\"> </span>dell<span class=\"_ _0\"></span>a partecipata, <span class=\"_ _6\"></span>la <span class=\"_ _f\"> </span>differenza <span class=\"_ _6\"></span>stessa <span class=\"_ _6\"></span>vi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>iscritta <span class=\"_ _f\"> </span>dire<span class=\"_ _3\"></span>ttamente <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>conto <span class=\"_ _f\"> </span>economic<span class=\"_ _1\"></span>o. <span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>on <span class=\"_ _6\"></span>periodicit\u00e0 annuale <span class=\"_ _5\"></span>(o <span class=\"_ _6\"></span>ogni <span class=\"_ _5\"></span>vol<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>che <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>ev<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>denza <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>perdita<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re) <span class=\"_ _5\"></span>viene <span class=\"_ _6\"></span>effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ato <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>test <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>erif<span class=\"_ _1\"></span>ica dell\u2019adeguatezza <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lore dell\u2019avviament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>. A<span class=\"_ _1\"></span> ta<span class=\"_ _1\"></span>l fine <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne ide<span class=\"_ _1\"></span>ntificata l\u2019<span class=\"_ _1\"></span>Unit\u00e0 <span class=\"_ _1\"></span>generatrice di <span class=\"_ _3\"></span>flussi fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>attribuire <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vviamento. <span class=\"_ _3\"></span>L\u2019ammontare <span class=\"_ _3\"></span>dell\u2019eventuale <span class=\"_ _3\"></span>riduzio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>\u00e8 dete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span> sulla <span class=\"_ _0\"></span>base d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la d<span class=\"_ _0\"></span>ifferenza tra <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>iscrizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne dell\u2019avviamento <span class=\"_ _0\"></span>ed il <span class=\"_ _0\"></span>suo <span class=\"_ _0\"></span>valore d<span class=\"_ _0\"></span>i recupero, se inf<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ore. Detto valore di recupero \u00e8 pari al magg<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ore tra il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value dell\u2019Unit\u00e0<span class=\"_ _1\"></span> generatrice di flu<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>i fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari, <span class=\"_ _c\"> </span>al  n<span class=\"_ _0\"></span>etto  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>entua<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i  costi <span class=\"_ _c\"> </span>di  v<span class=\"_ _0\"></span>endit<span class=\"_ _3\"></span>a, <span class=\"_ _c\"> </span>ed <span class=\"_ _c\"> </span>il <span class=\"_ _c\"> </span>relati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _c\"> </span>val<span class=\"_ _1\"></span>ore <span class=\"_ _c\"> </span>d\u2019uso.  Le <span class=\"_ _c\"> </span>conse<span class=\"_ _1\"></span>guenti rettifiche di valore <span class=\"_ _1\"></span>vengono rilevate a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onto e<span class=\"_ _1\"></span>conomico. Criteri di cance<span class=\"_ _1\"></span>ll<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>zione Un'attivit\u00e0 <span class=\"_ _b\"></span>immateriale <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>eliminata <span class=\"_ _b\"></span>dallo <span class=\"_ _b\"></span>stato <span class=\"_ _5\"></span>pat<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imonia<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>momento <span class=\"_ _5\"></span>della <span class=\"_ _b\"></span>dismissione <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>qualora non siano pi\u00f9 attesi be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>efici ec<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nomi<span class=\"_ _1\"></span>ci futuri.<span class=\"_ _4a1\"> </span>Aggregazioni az<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>ndali Il trasferime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to de<span class=\"_ _3\"></span>l controllo <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>un\u2019impresa <span class=\"_ _3\"></span>(o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di un <span class=\"_ _3\"></span>gruppo di <span class=\"_ _1\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e beni i<span class=\"_ _1\"></span>ntegrati, <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ond<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>tti <span class=\"_ _1\"></span>e gestit<span class=\"_ _3\"></span>i unitariamente) confi<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ura un\u2019<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>perazio<span class=\"_ _1\"></span>ne di aggrega<span class=\"_ _3\"></span>zio<span class=\"_ _0\"></span>ne azie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dale. A <span class=\"_ _5\"></span>tal <span class=\"_ _6\"></span>fi<span class=\"_ _0\"></span>ne <span class=\"_ _5\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntrollo <span class=\"_ _6\"></span>si <span class=\"_ _5\"></span>consid<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>trasferito <span class=\"_ _5\"></span>quando <span class=\"_ _6\"></span>l\u2019investitore <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>esposto <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>rendimenti <span class=\"_ _5\"></span>variabili, <span class=\"_ _6\"></span>o detiene <span class=\"_ _0\"></span>diritti <span class=\"_ _0\"></span>su<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>tali <span class=\"_ _0\"></span>rendimenti, <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>riv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nti <span class=\"_ _0\"></span>dal <span class=\"_ _b\"></span>pr<span class=\"_ _1\"></span>oprio <span class=\"_ _0\"></span>rappo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>con l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>rtecipata <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>nel c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntempo <span class=\"_ _0\"></span>ha la capacit\u00e0 di incidere s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>i ren<span class=\"_ _1\"></span>dimenti esercitand<span class=\"_ _1\"></span>o il p<span class=\"_ _1\"></span>roprio potere su tale entit\u00e0.<span class=\"_ _3\"></span> L\u2019IFRS <span class=\"_ _16\"> </span>3 <span class=\"_ _16\"> </span>richiede <span class=\"_ _c\"> </span>ch<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>per <span class=\"_ _16\"> </span>tutte <span class=\"_ _16\"> </span>le <span class=\"_ _16\"> </span>operazio<span class=\"_ _1\"></span>ni <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>aggregazione <span class=\"_ _16\"> </span>venga <span class=\"_ _c\"> </span>individuato <span class=\"_ _16\"> </span>un <span class=\"_ _16\"> </span>acquirente.<span class=\"_ _3\"></span> Quest\u2019ultimo <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ve <span class=\"_ _0\"></span>essere identificato nel <span class=\"_ _0\"></span>soggetto che <span class=\"_ _0\"></span>ottiene il c<span class=\"_ _0\"></span>ontroll<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>su un\u2019altra <span class=\"_ _0\"></span>entit\u00e0 <span class=\"_ _0\"></span>o gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o di <span class=\"_ _f\"> </span>attivit\u00e0. <span class=\"_ _f\"> </span>Nel <span class=\"_ _f\"> </span>caso <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>cui<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>non <span class=\"_ _f\"> </span>si  sia <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>grado <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>identificare <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>soggetto <span class=\"_ _f\"> </span>controllante <span class=\"_ _f\"> </span>seg<span class=\"_ _1\"></span>uendo <span class=\"_ _f\"> </span>la definizione <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>controllo <span class=\"_ _c\"> </span>sopra <span class=\"_ _c\"> </span>descritta, <span class=\"_ _c\"> </span>come <span class=\"_ _c\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>esempio <span class=\"_ _c\"> </span>nel <span class=\"_ _c\"> </span>caso <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>operazioni <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>scambio <span class=\"_ _c\"> </span>di interessenze <span class=\"_ _0\"></span>parte<span class=\"_ _1\"></span>cipative, <span class=\"_ _0\"></span>l\u2019individ<span class=\"_ _1\"></span>uazione <span class=\"_ _0\"></span>dell\u2019a<span class=\"_ _1\"></span>cquirente <span class=\"_ _0\"></span>deve <span class=\"_ _0\"></span>av<span class=\"_ _1\"></span>venire <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>l\u2019utilizz<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>alt<span class=\"_ _1\"></span>ri <span class=\"_ _0\"></span>fattori quali:  l\u2019entit\u00e0  il  cui <span class=\"_ _c\"> </span>fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  value  \u00e8  significativame<span class=\"_ _1\"></span>nte  magg<span class=\"_ _0\"></span>iore<span class=\"_ _1\"></span>,  l\u2019entit\u00e0  ch<span class=\"_ _0\"></span>e  e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span>ualmente  versa  un corrispettivo in dena<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o, l\u2019e<span class=\"_ _1\"></span>ntit\u00e0 che emette le n<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ov<span class=\"_ _3\"></span>e azio<span class=\"_ _0\"></span>ni.<span class=\"_ _3\"></span> L\u2019acquisizione, e <span class=\"_ _0\"></span>quindi <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>pri<span class=\"_ _1\"></span>mo c<span class=\"_ _0\"></span>onso<span class=\"_ _1\"></span>lidamento dell\u2019entit\u00e0 acqu<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>sita, <span class=\"_ _0\"></span>deve <span class=\"_ _0\"></span>esse<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e contabilizzata n<span class=\"_ _0\"></span>ella data <span class=\"_ _6\"></span>in <span class=\"_ _f\"></span>c<span class=\"_ _1\"></span>ui <span class=\"_ _6\"></span>l\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quire<span class=\"_ _1\"></span>nte <span class=\"_ _6\"></span>ottiene <span class=\"_ _6\"></span>effettivamente <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>trol<span class=\"_ _1\"></span>lo <span class=\"_ _6\"></span>sull\u2019impresa <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>acq<span class=\"_ _1\"></span>uisite. <span class=\"_ _6\"></span>Quando l\u2019operazione  avviene  t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>amite <span class=\"_ _f\"> </span>u<span class=\"_ _0\"></span>n\u2019u<span class=\"_ _1\"></span>nica  operazione  di  scamb<span class=\"_ _1\"></span>io,  la  data<span class=\"_ _1\"></span>  dello  scambio  normal<span class=\"_ _1\"></span>mente coincide <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _b\"></span>la <span class=\"_ _0\"></span>data <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>acquisizione. <span class=\"_ _b\"></span>T<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ttavia, <span class=\"_ _b\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>se<span class=\"_ _1\"></span>mpre <span class=\"_ _b\"></span>necessario <span class=\"_ _0\"></span>verificare <span class=\"_ _b\"></span>l\u2019eventuale <span class=\"_ _0\"></span>presenza <span class=\"_ _b\"></span>di accordi <span class=\"_ _f\"> </span>tra <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>parti <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>possano <span class=\"_ _f\"> </span>comportare <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>asferime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>cont<span class=\"_ _1\"></span>rollo  p<span class=\"_ _3\"></span>rima <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>data<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>dello scambio. Il corrispettivo t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>asfe<span class=\"_ _1\"></span>rito nell\u2019ambito<span class=\"_ _1\"></span> di un\u2019ope<span class=\"_ _1\"></span>razione di aggregaz<span class=\"_ _1\"></span>ione deve es<span class=\"_ _1\"></span>sere determinat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> come<span class=\"_ _1\"></span> sommatoria <span class=\"_ _6\"></span>del <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>air<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>alla <span class=\"_ _5\"></span>data <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>sca<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bio,<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>delle <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>edute<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>sostenute <span class=\"_ _6\"></span>o assunte e degli strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>di capitale emessi <span class=\"_ _1\"></span>dall\u2019acquirente in ca<span class=\"_ _1\"></span>mbio del controllo<span class=\"_ _1\"></span>. Nelle <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>perazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>prevedono <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>pagamento <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>aro <span class=\"_ _0\"></span>(o <span class=\"_ _0\"></span>quando <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>previsto <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>pagamento <span class=\"_ _0\"></span>mediante strumenti <span class=\"_ _d\"> </span>finanziari <span class=\"_ _d\"> </span>assimila<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ili <span class=\"_ _15\"> </span>alla <span class=\"_ _d\"> </span>cassa) <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>prezzo <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _d\"> </span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>corrispettivo <span class=\"_ _15\"> </span>pattuito, <span class=\"_ _d\"> </span>eventualmente<span class=\"_ _1\"></span> attualizzato nel caso in <span class=\"_ _1\"></span>cui<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>a p<span class=\"_ _1\"></span>revisto un pagamen<span class=\"_ _3\"></span>to<span class=\"_ _0\"></span> rateale con ri<span class=\"_ _1\"></span>ferimento ad un perio<span class=\"_ _1\"></span>do superiore al <span class=\"_ _6\"></span>b<span class=\"_ _0\"></span>reve <span class=\"_ _f\"></span>te<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ne; <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _6\"></span>caso <span class=\"_ _f\"></span>in <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ui <span class=\"_ _6\"></span>il <span class=\"_ _f\"> </span>pagament<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>avvenga <span class=\"_ _6\"></span>tr<span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>te <span class=\"_ _6\"></span>uno <span class=\"_ _f\"> </span>str<span class=\"_ _1\"></span>umento <span class=\"_ _f\"> </span>dive<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>so <span class=\"_ _f\"></span>dal<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>cassa, quindi <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>iante <span class=\"_ _b\"></span>l\u2019emissione <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>strumenti <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>resentativi <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le, <span class=\"_ _b\"></span>il <span class=\"_ _5\"></span>prezzo <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>pari <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>value <span class=\"_ _5\"></span>del mezzo di pagament<span class=\"_ _1\"></span>o al netto dei costi <span class=\"_ _1\"></span>direttamente<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>rib<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ibili all\u2019operazi<span class=\"_ _1\"></span>one di emissione di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le. Sono <span class=\"_ _5\"></span>inclusi <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>corrispettivo <span class=\"_ _b\"></span>dell\u2019aggregazione <span class=\"_ _5\"></span>aziendale <span class=\"_ _b\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>acquisizione <span class=\"_ _b\"></span>gli <span class=\"_ _5\"></span>aggiustamenti subordinati a<span class=\"_ _3\"></span>d eventi <span class=\"_ _3\"></span>futuri, se <span class=\"_ _3\"></span>previsti <span class=\"_ _3\"></span>dagli a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>cordi<span class=\"_ _3\"></span> e sol<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>caso in <span class=\"_ _3\"></span>cui sian<span class=\"_ _1\"></span>o pr<span class=\"_ _1\"></span>obabili, <span class=\"_ _1\"></span>determinabili in <span class=\"_ _5\"></span>modo <span class=\"_ _5\"></span>attendibile <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ealizza<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>entro <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>dodici <span class=\"_ _5\"></span>mesi <span class=\"_ _b\"></span>successivi <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>ac<span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uisizione <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollo<span class=\"_ _1\"></span>, mentre  non  ve<span class=\"_ _1\"></span>ngono  considerati <span class=\"_ _f\"> </span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i  indennizzi  per  rid<span class=\"_ _1\"></span>uzione  del  valo<span class=\"_ _1\"></span>re  delle  attivit\u00e0 <span class=\"_ _f\"> </span>utili<span class=\"_ _0\"></span>zza<span class=\"_ _1\"></span>te  in<span class=\"_ _1\"></span> quanto gi\u00e0 considerati o nel fair value degli strume<span class=\"_ _1\"></span>nti r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentativi di capitale o come <span class=\"_ _1\"></span>ridu<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>ne del premio o incremento<span class=\"_ _1\"></span> dello sconto sull\u2019em<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ssi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne iniz<span class=\"_ _1\"></span>iale nel caso di emissi<span class=\"_ _1\"></span>one di strumenti<span class=\"_ _1\"></span> di debito. I <span class=\"_ _19\"> </span>c<span class=\"_ _0\"></span>osti <span class=\"_ _19\"> </span>correlati <span class=\"_ _19\"> </span>all\u2019acquisizi<span class=\"_ _1\"></span>one <span class=\"_ _19\"> </span>sono<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>g<span class=\"_ _0\"></span>li <span class=\"_ _19\"> </span>oneri<span class=\"_ _3\"></span> <span class=\"_ _1b\"> </span>c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>l\u2019a<span class=\"_ _1\"></span>cquirente <span class=\"_ _1b\"> </span>s<span class=\"_ _1\"></span>ostiene <span class=\"_ _19\"> </span>per <span class=\"_ _1b\"> </span>la <span class=\"_ _19\"> </span>realizzazione dell\u2019aggregazione<span class=\"_ _1\"></span>  aziendale;<span class=\"_ _1\"></span>  a  titolo  ese<span class=\"_ _3\"></span>mplific<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>  questi  c<span class=\"_ _1\"></span>omprendono  i <span class=\"_ _f\"> </span>compensi  professio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ali<span class=\"_ _1\"></span> corrisposti <span class=\"_ _6\"></span>a <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>evisori, <span class=\"_ _5\"></span>periti <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>onsulenti <span class=\"_ _b\"></span>leg<span class=\"_ _0\"></span>ali<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>costi <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>perizie <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>ollo <span class=\"_ _6\"></span>dei <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>onti,<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>costi <span class=\"_ _6\"></span>per <span class=\"_ _5\"></span>la predisposizione <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>documenti <span class=\"_ _15\"> </span>informativi <span class=\"_ _15\"> </span>richiesti <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>alle <span class=\"_ _15\"> </span>norme, <span class=\"_ _1f\"> </span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nch\u00e9 <span class=\"_ _d\"> </span>le <span class=\"_ _15\"> </span>spese <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>con<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ulenza sostenute <span class=\"_ _15\"> </span>per <span class=\"_ _15\"> </span>identifi<span class=\"_ _1\"></span>care <span class=\"_ _15\"> </span>potenziali <span class=\"_ _15\"> </span>target<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>da <span class=\"_ _15\"> </span>acquisire <span class=\"_ _15\"> </span>se <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>ontrattua<span class=\"_ _3\"></span>lm<span class=\"_ _0\"></span>ente<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>stabilito <span class=\"_ _1f\"> </span>che <span class=\"_ _15\"> </span>il pagamento <span class=\"_ _3\"></span>sia <span class=\"_ _1\"></span>effettuato <span class=\"_ _3\"></span>solo <span class=\"_ _1\"></span>in <span class=\"_ _3\"></span>caso <span class=\"_ _3\"></span>di e<span class=\"_ _1\"></span>sito <span class=\"_ _1\"></span>positiv<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>dell\u2019aggregazione<span class=\"_ _1\"></span>, <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>onch\u00e9 <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>costi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>egistrazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> ed <span class=\"_ _c\"> </span>emis<span class=\"_ _1\"></span>sione  di <span class=\"_ _c\"> </span>titoli<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>di  debito  o <span class=\"_ _c\"> </span>titol<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ari.  L\u2019acquirente  deve <span class=\"_ _c\"> </span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nta<span class=\"_ _1\"></span>bilizzare  i <span class=\"_ _c\"> </span>costi  correlati all\u2019acquisizione <span class=\"_ _f\"> </span>come  oneri <span class=\"_ _f\"> </span>nei<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>periodi <span class=\"_ _f\"> </span>i<span class=\"_ _0\"></span>n <span class=\"_ _f\"> </span>cui  tali <span class=\"_ _f\"> </span>co<span class=\"_ _0\"></span>sti  s<span class=\"_ _3\"></span>ono<span class=\"_ _0\"></span>  soste<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i  e  i <span class=\"_ _f\"> </span>ser<span class=\"_ _0\"></span>v<span class=\"_ _1\"></span>izi  sono <span class=\"_ _f\"> </span>ricevuti,  ad<span class=\"_ _3\"></span> eccezione <span class=\"_ _1\"></span>dei costi <span class=\"_ _3\"></span>di emissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>di tit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>li a<span class=\"_ _1\"></span>zionari <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>tito<span class=\"_ _0\"></span>li d<span class=\"_ _3\"></span>i debito c<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>devono esse<span class=\"_ _3\"></span>re rilevati se<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndo quanto disposto dall<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> IAS 32 e<span class=\"_ _1\"></span> dallo IAS 39.<span class=\"_ _3\"></span> Le <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>peraz<span class=\"_ _1\"></span>ioni <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>aggregazione <span class=\"_ _0\"></span>aziendale <span class=\"_ _0\"></span>son<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>cont<span class=\"_ _1\"></span>abilizzate <span class=\"_ _0\"></span>secondo <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>\u201cmetodo <span class=\"_ _0\"></span>dell\u2019acquisizione\u201d, i<span class=\"_ _0\"></span>n base al <span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ale le <span class=\"_ _0\"></span>attivit\u00e0 identificabili acquisite <span class=\"_ _0\"></span>(com<span class=\"_ _3\"></span>pr<span class=\"_ _0\"></span>ese eventuali <span class=\"_ _0\"></span>attivit\u00e0 immateriali i<span class=\"_ _0\"></span>n precedenza non <span class=\"_ _6\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>dall<span class=\"_ _1\"></span>\u2019impresa <span class=\"_ _6\"></span>acquisita) <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _f\"> </span>passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _6\"></span>identificabili<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>assu<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>(comprese <span class=\"_ _6\"></span>quelle <span class=\"_ _6\"></span>potenziali) devono essere rilevate a<span class=\"_ _1\"></span>i rispettivi fai<span class=\"_ _1\"></span>r value alla da<span class=\"_ _3\"></span>ta di ac<span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uisizione. Inoltre, <span class=\"_ _3\"></span>ev<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tual<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>quote <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>minoranza <span class=\"_ _3\"></span>nella <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>acquisita <span class=\"_ _3\"></span>(per <span class=\"_ _3\"></span>ogni <span class=\"_ _1\"></span>agg<span class=\"_ _1\"></span>regazione <span class=\"_ _3\"></span>aziendale) <span class=\"_ _3\"></span>posso<span class=\"_ _1\"></span>no essere rilevate <span class=\"_ _3\"></span>al fair <span class=\"_ _3\"></span>value (<span class=\"_ _1\"></span>con co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>seguente <span class=\"_ _1\"></span>incre<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ento <span class=\"_ _3\"></span>del corrispetti<span class=\"_ _1\"></span>vo t<span class=\"_ _1\"></span>rasferito) <span class=\"_ _1\"></span>o in <span class=\"_ _3\"></span>proporzione alla quota della parte<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipazio<span class=\"_ _1\"></span>ne di minoranza nelle a<span class=\"_ _3\"></span>ttivit\u00e0 nette identificabili de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>le s<span class=\"_ _1\"></span>ociet\u00e0 acquisite<span class=\"_ _1\"></span>. Se <span class=\"_ _1d\"> </span>il <span class=\"_ _1d\"> </span>controllo <span class=\"_ _18\"> </span>v<span class=\"_ _0\"></span>iene <span class=\"_ _1d\"> </span>realizzato<span class=\"_ _1\"></span> <span class=\"_ _1d\"> </span>attraverso <span class=\"_ _1d\"> </span>acquisti <span class=\"_ _1d\"> </span>successi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i, <span class=\"_ _1d\"> </span>l\u2019a<span class=\"_ _1\"></span>cquir<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _1d\"> </span>deve <span class=\"_ _18\"> </span>ricalcolare l\u2019interessenza <span class=\"_ _b\"></span>che <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>nev<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>precedenza <span class=\"_ _b\"></span>nella <span class=\"_ _5\"></span>societ\u00e0 <span class=\"_ _b\"></span>acquisita <span class=\"_ _b\"></span>al <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ispetti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>fair <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _b\"></span>alla <span class=\"_ _b\"></span>data <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i acquisizione <span class=\"_ _f\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>rileva<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nto <span class=\"_ _6\"></span>economico <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>\u2019e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tuale <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>enza <span class=\"_ _5\"></span>rispetto <span class=\"_ _f\"> </span>al<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>p<span class=\"_ _1\"></span>recedente <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>di carico. L\u2019eccedenza <span class=\"_ _b\"></span>tra <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>corrispettivo <span class=\"_ _b\"></span>trasferito <span class=\"_ _5\"></span>(rapp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>entato <span class=\"_ _5\"></span>dal <span class=\"_ _b\"></span>fair<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>value <span class=\"_ _b\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _b\"></span>tr<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ite, <span class=\"_ _5\"></span>delle passivit\u00e0 so<span class=\"_ _0\"></span>sten<span class=\"_ _1\"></span>ute <span class=\"_ _0\"></span>o degli <span class=\"_ _0\"></span>strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti d<span class=\"_ _0\"></span>i capitale emessi d<span class=\"_ _0\"></span>all\u2019a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quirente), eventualme<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>integrato d<span class=\"_ _0\"></span>al valore <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>quote <span class=\"_ _0\"></span>di minor<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nza <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minato<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>come <span class=\"_ _0\"></span>sopra <span class=\"_ _0\"></span>esp<span class=\"_ _1\"></span>osto) <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>fair <span class=\"_ _0\"></span>value dell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>interesse<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ze gi\u00e0 <span class=\"_ _5\"></span>possedute <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>all<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>quirente, <span class=\"_ _b\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _b\"></span>value <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _b\"></span>acquisite <span class=\"_ _b\"></span>deve <span class=\"_ _5\"></span>essere <span class=\"_ _b\"></span>ril<span class=\"_ _0\"></span>evata<span class=\"_ _1\"></span> com<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>viament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>; <span class=\"_ _3\"></span>qualora <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>fair <span class=\"_ _3\"></span>value d<span class=\"_ _3\"></span>i t<span class=\"_ _1\"></span>ali <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>passivit\u00e0 <span class=\"_ _3\"></span>acq<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>isite <span class=\"_ _3\"></span>risultino, <span class=\"_ _3\"></span>invece, <span class=\"_ _3\"></span>superiori <span class=\"_ _3\"></span>alla sommatoria <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>corrispettivo, <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>quote<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>noranza <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _5\"></span>fair <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>le <span class=\"_ _5\"></span>qu<span class=\"_ _1\"></span>ote <span class=\"_ _b\"></span>gi\u00e0 <span class=\"_ _5\"></span>possedute, <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a differenza deve essere <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mputata a<span class=\"_ _1\"></span> conto e<span class=\"_ _1\"></span>conomico. La  contabilizzazio<span class=\"_ _1\"></span>ne  dell\u2019operazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne  di<span class=\"_ _1\"></span>  aggregazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne  p<span class=\"_ _1\"></span>u\u00f2  avvenire  p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ovviso<span class=\"_ _1\"></span>riamente  entro  la <span class=\"_ _f\"> </span>fine dell\u2019esercizio <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>cui <span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>\u2019aggregazione vi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e realizzata e <span class=\"_ _0\"></span>deve <span class=\"_ _0\"></span>essere <span class=\"_ _0\"></span>per<span class=\"_ _1\"></span>fezionata en<span class=\"_ _0\"></span>tr<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>dodici m<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>dall<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> data di acquisizione.<span class=\"_ _3\"></span> Le <span class=\"_ _0\"></span>contabilizza<span class=\"_ _1\"></span>zioni <span class=\"_ _0\"></span>di u<span class=\"_ _0\"></span>lte<span class=\"_ _1\"></span>riori <span class=\"_ _0\"></span>quote <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>partecipazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne in <span class=\"_ _0\"></span>societ\u00e0 g<span class=\"_ _0\"></span>i\u00e0 c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntrollate <span class=\"_ _0\"></span>sono considerate, <span class=\"_ _0\"></span>ai sensi <span class=\"_ _f\"> </span>dell\u2019IFRS <span class=\"_ _f\"> </span>10, <span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>operazione <span class=\"_ _f\"> </span>sul <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>apitale, <span class=\"_ _6\"></span>ossia <span class=\"_ _f\"> </span>o<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>razioni <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>soci <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>agiscono <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la <span class=\"_ _f\"> </span>loro qualit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>soci. <span class=\"_ _5\"></span>Pertanto, <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>differenze <span class=\"_ _5\"></span>tra <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>costi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>acqu<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>ne <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>valore <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ontabile <span class=\"_ _b\"></span>delle <span class=\"_ _5\"></span>quote <span class=\"_ _5\"></span>di minoranza <span class=\"_ _5\"></span>acquisite <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>utate <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>patrimonio <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>etto <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>gruppo; <span class=\"_ _5\"></span>parimenti, <span class=\"_ _6\"></span>le <span class=\"_ _5\"></span>vendite <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>quote <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> minoranza <span class=\"_ _0\"></span>senza <span class=\"_ _0\"></span>perdita <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>controllo <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>generano <span class=\"_ _0\"></span>utili/perdite <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>conto <span class=\"_ _0\"></span>economico <span class=\"_ _0\"></span>ma <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iazio<span class=\"_ _1\"></span>ni del patrimonio netto <span class=\"_ _1\"></span>di Gruppo.<span class=\"_ _1\"></span> Non sono <span class=\"_ _3\"></span>configurabili c<span class=\"_ _1\"></span>ome ag<span class=\"_ _1\"></span>gr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i a<span class=\"_ _1\"></span>ziendali<span class=\"_ _1\"></span> le <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>perazioni <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nalizzate <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>i) a<span class=\"_ _1\"></span>l c<span class=\"_ _1\"></span>ontrollo di <span class=\"_ _3\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>pi\u00f9 imprese <span class=\"_ _5\"></span>che <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>tuisc<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _b\"></span>un<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _5\"></span>aziendal<span class=\"_ _1\"></span>e, <span class=\"_ _6\"></span>(ii) <span class=\"_ _5\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollo<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>in <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>ia <span class=\"_ _5\"></span>transitoria<span class=\"_ _1\"></span>, <span class=\"_ _6\"></span>(iii) <span class=\"_ _5\"></span>con <span class=\"_ _6\"></span>scopi riorganizzativi, quindi tra d<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>pi\u00f9<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>imp<span class=\"_ _1\"></span>rese o <span class=\"_ _0\"></span>attivi<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _0\"></span>aziendali gi<span class=\"_ _0\"></span>\u00e0<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>facenti parte d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _0\"></span>Grupp<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>e che non com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>ta <span class=\"_ _8\"></span>cambiamento <span class=\"_ _3\"></span>degli <span class=\"_ _3\"></span>assetti <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>controllo <span class=\"_ _8\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>dipendente<span class=\"_ _1\"></span>mente <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>percentuale <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>diritti <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>terzi prima <span class=\"_ _16\"> </span>e <span class=\"_ _1f\"> </span>dopo <span class=\"_ _1f\"> </span>l\u2019ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione <span class=\"_ _16\"> </span>(cosiddette <span class=\"_ _16\"> </span>aggregazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _16\"> </span>aziendali <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>imprese <span class=\"_ _16\"> </span>so<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>oposte <span class=\"_ _1f\"> </span>a <span class=\"_ _16\"> </span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollo<span class=\"_ _1\"></span> comune); <span class=\"_ _16\"> </span>tali <span class=\"_ _c\"> </span>operazioni <span class=\"_ _16\"> </span>sono <span class=\"_ _16\"> </span>con<span class=\"_ _1\"></span>siderate <span class=\"_ _c\"> </span>pri<span class=\"_ _0\"></span>ve <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>sostanza <span class=\"_ _c\"> </span>economic<span class=\"_ _0\"></span>a. <span class=\"_ _c\"> </span>Pertant<span class=\"_ _1\"></span>o, <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>assenza <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> specifiche <span class=\"_ _5\"></span>indicazioni <span class=\"_ _6\"></span>previste <span class=\"_ _b\"></span>dai <span class=\"_ _6\"></span>principi <span class=\"_ _6\"></span>IFRS <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>ader<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>con <span class=\"_ _5\"></span>le <span class=\"_ _6\"></span>presunzioni <span class=\"_ _5\"></span>dello <span class=\"_ _6\"></span>IAS <span class=\"_ _5\"></span>8, <span class=\"_ _6\"></span>(le <span class=\"_ _5\"></span>cui previsioni  indica<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o  c<span class=\"_ _1\"></span>he,  in  assenza <span class=\"_ _f\"> </span>di  un  principi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  spec<span class=\"_ _1\"></span>ifico,  l\u2019impresa <span class=\"_ _f\"> </span>debb<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>  f<span class=\"_ _0\"></span>are<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>u<span class=\"_ _3\"></span>so  del  proprio giudizio <span class=\"_ _d\"> </span>nel<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icare <span class=\"_ _d\"> </span>un <span class=\"_ _e\"> </span>principio <span class=\"_ _d\"> </span>contabile <span class=\"_ _d\"> </span>che <span class=\"_ _e\"> </span>fornisca <span class=\"_ _e\"> </span>un\u2019in<span class=\"_ _1\"></span>formativa <span class=\"_ _e\"> </span>rileva<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te, <span class=\"_ _e\"> </span>atte<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dibile,<span class=\"_ _1\"></span> prudente <span class=\"_ _91\"> </span>e <span class=\"_ _21\"> </span>che <span class=\"_ _91\"> </span>rifletta <span class=\"_ _21\"> </span>la <span class=\"_ _91\"> </span>sostanza <span class=\"_ _21\"> </span>economica <span class=\"_ _21\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione), <span class=\"_ _91\"> </span>es<span class=\"_ _3\"></span>se <span class=\"_ _91\"> </span>sono <span class=\"_ _91\"> </span>c<span class=\"_ _1\"></span>ontabilizzate salvaguardando la cont<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>uit\u00e0 dei valori dell\u2019ac<span class=\"_ _1\"></span>quisita<span class=\"_ _1\"></span> nel bilancio dell\u2019ac<span class=\"_ _1\"></span>quirente. Le  fu<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ioni  ri<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tra<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o  tra  le  o<span class=\"_ _0\"></span>perazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni  di  concentr<span class=\"_ _3\"></span>azion<span class=\"_ _0\"></span>e  tra  imprese,  rappresentando  la  forma  di aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>aziendale <span class=\"_ _3\"></span>pi\u00f9 completa, <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>quanto <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>ortano l\u2019un<span class=\"_ _1\"></span>ificazione sia <span class=\"_ _3\"></span>giuridica c<span class=\"_ _1\"></span>he ec<span class=\"_ _1\"></span>onomica dei soggetti che <span class=\"_ _1\"></span>vi partecipano.<span class=\"_ _3\"></span> Le <span class=\"_ _f\"> </span>fusioni, <span class=\"_ _f\"> </span>siano<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>esse <span class=\"_ _f\"> </span>proprie, <span class=\"_ _6\"></span>cio\u00e8 <span class=\"_ _f\"> </span>con <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>costituzion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>un <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>uovo <span class=\"_ _f\"> </span>s<span class=\"_ _1\"></span>oggetto <span class=\"_ _f\"> </span>giu<span class=\"_ _1\"></span>ridico <span class=\"_ _f\"></span>oppure <span class=\"_ _6\"></span>\u201c<span class=\"_ _0\"></span>pe<span class=\"_ _1\"></span>r incorporazione\u201d <span class=\"_ _c\"> </span>con <span class=\"_ _16\"> </span>la <span class=\"_ _c\"> </span>confluenza <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>un<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>impresa <span class=\"_ _c\"> </span>in <span class=\"_ _16\"> </span>un\u2019altra<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>imp<span class=\"_ _1\"></span>resa <span class=\"_ _16\"> </span>gi\u00e0 <span class=\"_ _c\"> </span>esistente, <span class=\"_ _c\"> </span>sono <span class=\"_ _c\"> </span>tr<span class=\"_ _0\"></span>atta<span class=\"_ _1\"></span>te secondo i criteri p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ecedenteme<span class=\"_ _1\"></span>nte illustrati, <span class=\"_ _1\"></span>in particolare: <span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">se <span class=\"_ _1\"></span>l\u2019operazione <span class=\"_ _3\"></span>com<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>trasf<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mento <span class=\"_ _3\"></span>del <span class=\"_ _1\"></span>contr<span class=\"_ _1\"></span>ollo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>un\u2019impresa, <span class=\"_ _3\"></span>essa <span class=\"_ _3\"></span>viene <span class=\"_ _3\"></span>trattata <span class=\"_ _3\"></span>co<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span> </span></span>un\u2019operazione di ag<span class=\"_ _1\"></span>gr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e ai se<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>si dell<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>IFRS 3<span class=\"_ _1\"></span>; <span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">se <span class=\"_ _e\"> </span>l<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>operazione <span class=\"_ _d\"> </span>non <span class=\"_ _e\"> </span>comporta <span class=\"_ _d\"> </span>il <span class=\"_ _e\"> </span>trasferimento <span class=\"_ _d\"> </span>del <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>ontroll<span class=\"_ _1\"></span>o, <span class=\"_ _e\"> </span>essa <span class=\"_ _d\"> </span>vien<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>contabilizzata<span class=\"_ _3\"></span> </span></span>privilegiando la <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontinuit\u00e0 de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> valor<span class=\"_ _1\"></span>i della societ\u00e0 i<span class=\"_ _1\"></span>ncorporata. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-530": {
   "value": "Attivit<span class=\"_ _0\"></span>\u00e0 immateriali<span class=\"_ _0\"></span> Criteri di classifica<span class=\"_ _1\"></span>zione Le <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _0\"></span>immateriali <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>iscri<span class=\"_ _0\"></span>tte <span class=\"_ _0\"></span>come <span class=\"_ _b\"></span>tal<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>se <span class=\"_ _b\"></span>sono <span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tificab<span class=\"_ _1\"></span>ili <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ovan<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rigine <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritti <span class=\"_ _b\"></span>legali <span class=\"_ _0\"></span>o contrattuali. <span class=\"_ _f\"> </span>Tra <span class=\"_ _f\"></span>le<span class=\"_ _3\"></span>  a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _f\"></span>im<span class=\"_ _1\"></span>materiali <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>anche <span class=\"_ _f\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritto <span class=\"_ _6\"></span>l\u2019avviamento <span class=\"_ _f\"> </span>che <span class=\"_ _6\"></span>rappresenta <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ffere<span class=\"_ _1\"></span>nza<span class=\"_ _4a1\"> </span>positiva tra <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _1\"></span>costo di a<span class=\"_ _1\"></span>cquisto<span class=\"_ _1\"></span> ed il fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>value delle a<span class=\"_ _3\"></span>ttivit\u00e0 e passivit\u00e0<span class=\"_ _3\"></span> acquisite in a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bit<span class=\"_ _1\"></span>o di operazioni<span class=\"_ _1\"></span> di aggregazione azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ale.<span class=\"_ _1\"></span> Criteri di iscri<span class=\"_ _1\"></span>zione e valutaz<span class=\"_ _1\"></span>ione Le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>materiali <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritte<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _1\"></span>costo, <span class=\"_ _3\"></span>rettificato <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>eventuali <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>accessori <span class=\"_ _1\"></span>sol<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>se \u00e8 <span class=\"_ _8\"></span>probabile che <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>futuri <span class=\"_ _b\"></span>benefici <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>conomici <span class=\"_ _b\"></span>attribuibili <span class=\"_ _b\"></span>all\u2019att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ealizzin<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>costo <span class=\"_ _b\"></span>dell\u2019attivit\u00e0 <span class=\"_ _b\"></span>stessa <span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>\u00f2<span class=\"_ _1\"></span> essere <span class=\"_ _f\"></span>att<span class=\"_ _1\"></span>endibilme<span class=\"_ _1\"></span>nte <span class=\"_ _f\"> </span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minato. <span class=\"_ _6\"></span>In <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>aso <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>rario<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>dell<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _6\"></span>immateriale<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>\u00e8 <span class=\"_ _5\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ato <span class=\"_ _6\"></span>a conto economico nell<span class=\"_ _1\"></span>\u2019esercizio in cui \u00e8<span class=\"_ _1\"></span> stato sosten<span class=\"_ _1\"></span>uto. Per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>vita <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>tile <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>efinita, <span class=\"_ _b\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>ammortizzato <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>quote <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>osta<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>quote <span class=\"_ _6\"></span>decrescenti determinate <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>funzione <span class=\"_ _b\"></span>dell\u2019affluss<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ei<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>benefici <span class=\"_ _b\"></span>econo<span class=\"_ _1\"></span>mici <span class=\"_ _b\"></span>attesi <span class=\"_ _0\"></span>dall\u2019attivit\u00e0. <span class=\"_ _b\"></span>Le <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ita <span class=\"_ _0\"></span>utile indefinita  no<span class=\"_ _1\"></span>n  sono  invece<span class=\"_ _1\"></span>  soggette  ad  a<span class=\"_ _3\"></span>mm<span class=\"_ _0\"></span>orta<span class=\"_ _3\"></span>mento  sistematico, <span class=\"_ _f\"> </span>b<span class=\"_ _0\"></span>ens<span class=\"_ _1\"></span>\u00ec  ad  un  test<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>eriodico <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> verifica dell\u2019ade<span class=\"_ _1\"></span>guatezza del relativo <span class=\"_ _1\"></span>valore di iscrizione in <span class=\"_ _1\"></span>bilancio. In particolare,<span class=\"_ _1\"></span> nel <span class=\"_ _1\"></span>caso di s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ftwa<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>enerati <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _1\"></span>i costi <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uti p<span class=\"_ _3\"></span>er lo svilupp<span class=\"_ _1\"></span>o del p<span class=\"_ _1\"></span>rogetto sono <span class=\"_ _3\"></span>iscritti <span class=\"_ _3\"></span>fra <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>condizione <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>siano <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>imostrati<span class=\"_ _3\"></span> i <span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>guen<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>elementi: <span class=\"_ _3\"></span>la <span class=\"_ _8\"></span>fattibi<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t\u00e0 tecnica, l\u2019inte<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>ne del <span class=\"_ _3\"></span>completamento, l<span class=\"_ _3\"></span>\u2019u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>lit\u00e0 f<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tura, la <span class=\"_ _3\"></span>disponibilit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>risorse fi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziarie <span class=\"_ _3\"></span>e tecniche<span class=\"_ _3\"></span> sufficienti e la <span class=\"_ _1\"></span>capacit\u00e0 di determina<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e in m<span class=\"_ _1\"></span>odo attendibile i costi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el pr<span class=\"_ _1\"></span>og<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>o. Se <span class=\"_ _0\"></span>esiste <span class=\"_ _0\"></span>qualche <span class=\"_ _b\"></span>indicazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>dimost<span class=\"_ _1\"></span>ri <span class=\"_ _b\"></span>che <span class=\"_ _0\"></span>un\u2019a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>possa <span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>ere <span class=\"_ _0\"></span>sub\u00ect<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>una <span class=\"_ _0\"></span>perdita <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>valore, <span class=\"_ _b\"></span>si procede <span class=\"_ _f\"> </span>alla <span class=\"_ _f\"> </span>stima <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>valo<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>recupero <span class=\"_ _f\"> </span>dell'attivit\u00e0. <span class=\"_ _f\"> </span>L\u2019amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntare <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _f\"> </span>per<span class=\"_ _1\"></span>dita, <span class=\"_ _f\"> </span>rilevato <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>cont<span class=\"_ _1\"></span>o economico, \u00e8 pa<span class=\"_ _1\"></span>ri alla differenza tra i<span class=\"_ _1\"></span>l valore contabile del<span class=\"_ _1\"></span>l\u2019attivit\u00e0 ed il val<span class=\"_ _1\"></span>ore recuperabile.<span class=\"_ _1\"></span> In particolare, tra le a<span class=\"_ _1\"></span>ttivit\u00e0 immateriali s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no i<span class=\"_ _1\"></span>ncluse: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>immateriali basate <span class=\"_ _0\"></span>sulla tecnologia, q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>li<span class=\"_ _0\"></span> il <span class=\"_ _0\"></span>software <span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>plicativo, ammortizzato <span class=\"_ _0\"></span>in funzione </span></span>della prev<span class=\"_ _1\"></span>ista ob<span class=\"_ _1\"></span>solescenza t<span class=\"_ _1\"></span>ecnologi<span class=\"_ _1\"></span>ca del<span class=\"_ _1\"></span>lo stess<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>e comunque <span class=\"_ _1\"></span>non o<span class=\"_ _1\"></span>ltre <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n p<span class=\"_ _1\"></span>eriodo <span class=\"_ _3\"></span>massimo di <span class=\"_ _3\"></span>5 anni; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1c\"> </span>immateriali <span class=\"_ _1d\"> </span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tate <span class=\"_ _1d\"> </span>(i) <span class=\"_ _1c\"> </span>dalla <span class=\"_ _1c\"> </span>valorizzazio<span class=\"_ _1\"></span>ne, <span class=\"_ _1c\"> </span>in <span class=\"_ _1d\"> </span>occ<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>ione <span class=\"_ _1c\"> </span>di <span class=\"_ _1d\"> </span>o<span class=\"_ _0\"></span>perazio<span class=\"_ _1\"></span>ni <span class=\"_ _1c\"> </span>di </span></span>aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di relazio<span class=\"_ _1\"></span>ni c<span class=\"_ _0\"></span>on la clientela o <span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dati<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>one sanciti dai contratti di <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>cquisizione sottoscritti, <span class=\"_ _21\"> </span>(ii) <span class=\"_ _21\"> </span>dal <span class=\"_ _91\"> </span>rappo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _1c\"> </span>c<span class=\"_ _0\"></span>ontrattuale <span class=\"_ _21\"> </span>acq<span class=\"_ _1\"></span>uisito. <span class=\"_ _21\"> </span>Tali <span class=\"_ _91\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0, <span class=\"_ _21\"> </span>a <span class=\"_ _21\"> </span>v<span class=\"_ _0\"></span>ita <span class=\"_ _21\"> </span>definita, <span class=\"_ _21\"> </span>sono originariamente  v<span class=\"_ _0\"></span>alorizzat<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>fair <span class=\"_ _c\"> </span>value <span class=\"_ _c\"> </span>attrave<span class=\"_ _3\"></span>rso <span class=\"_ _16\"> </span>l\u2019att<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>alizza<span class=\"_ _1\"></span>zione, <span class=\"_ _c\"> </span>con <span class=\"_ _c\"> </span>l\u2019utilizz<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>un <span class=\"_ _c\"> </span>tasso rappresentativo <span class=\"_ _16\"> </span>del <span class=\"_ _1f\"> </span>valore <span class=\"_ _1f\"> </span>temporale<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>denaro <span class=\"_ _1f\"> </span>e <span class=\"_ _1f\"> </span>dei <span class=\"_ _16\"> </span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi <span class=\"_ _1f\"> </span>specifici <span class=\"_ _16\"> </span>dell\u2019attivit\u00e0, <span class=\"_ _16\"> </span>dei <span class=\"_ _1f\"> </span>f<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>i rappresentativi <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _1\"></span>ine <span class=\"_ _b\"></span>commissionale <span class=\"_ _b\"></span>netto <span class=\"_ _b\"></span>lungo <span class=\"_ _5\"></span>un <span class=\"_ _b\"></span>periodo <span class=\"_ _b\"></span>esprimente <span class=\"_ _b\"></span>la <span class=\"_ _5\"></span>durata <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span>dua, contrattuale <span class=\"_ _1a\"> </span>o <span class=\"_ _1a\"> </span>st<span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>rapp<span class=\"_ _1\"></span>orti <span class=\"_ _1a\"> </span>in<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>essere <span class=\"_ _1a\"> </span>al <span class=\"_ _1a\"> </span>moment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019operaz<span class=\"_ _1\"></span>ione <span class=\"_ _1a\"> </span>di aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e/ac<span class=\"_ _1\"></span>quisizione. <span class=\"_ _1f\"> </span>E<span class=\"_ _0\"></span>sse <span class=\"_ _1f\"> </span>sono <span class=\"_ _15\"> </span>ammortizz<span class=\"_ _1\"></span>ate <span class=\"_ _15\"> </span>lungo <span class=\"_ _15\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iodo <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>afflusso <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>benefici economici attesi; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>immat<span class=\"_ _1\"></span>eriali l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ate alla valorizzazione dei marchi iscritti <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>che in occasione di <span class=\"_ _0\"></span>ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azioni di </span></span>aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i azie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dali;<span class=\"_ _3\"></span> -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">infine, <span class=\"_ _19\"> </span>t<span class=\"_ _1\"></span>ra <span class=\"_ _19\"> </span>le <span class=\"_ _19\"> </span>attivit\u00e0 <span class=\"_ _19\"> </span>imm<span class=\"_ _0\"></span>ate<span class=\"_ _3\"></span>riali<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _19\"> </span>incluso <span class=\"_ _19\"> </span>l\u2019avviamento. <span class=\"_ _19\"> </span>L\u2019avviament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>pu\u00f2<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>essere <span class=\"_ _19\"> </span>iscritto, </span></span>nell\u2019ambito <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>operazioni <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>aggregazione <span class=\"_ _3\"></span>azie<span class=\"_ _1\"></span>ndale, <span class=\"_ _3\"></span>quando la<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>differenza <span class=\"_ _3\"></span>posit<span class=\"_ _1\"></span>iva <span class=\"_ _3\"></span>fra <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>corrispetti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> trasferito e l\u2019eventuale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rilevazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne al fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>a quo<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>di minoranza ed il fai<span class=\"_ _1\"></span>r  value <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>elementi <span class=\"_ _0\"></span>patrimoniali <span class=\"_ _0\"></span>acquisi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>sen<span class=\"_ _0\"></span>tativ<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>capacit\u00e0 <span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ituali <span class=\"_ _b\"></span>future <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a partecipazione/atti<span class=\"_ _1\"></span>vi <span class=\"_ _d\"> </span>trasfe<span class=\"_ _1\"></span>riti <span class=\"_ _d\"> </span>(goodwill)<span class=\"_ _1\"></span>. <span class=\"_ _15\"> </span>Qualora <span class=\"_ _1f\"> </span>tale <span class=\"_ _d\"> </span>differenza <span class=\"_ _15\"> </span>risulti <span class=\"_ _15\"> </span>negativa <span class=\"_ _15\"> </span>(badwill) <span class=\"_ _1f\"> </span>o nell\u2019ipotesi <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>cui <span class=\"_ _d\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>goodwill <span class=\"_ _15\"> </span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _e\"> </span>trovi <span class=\"_ _15\"> </span>g<span class=\"_ _0\"></span>iusti<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cazione <span class=\"_ _d\"> </span>nelle <span class=\"_ _d\"> </span>capacit\u00e0 <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>uali<span class=\"ff3 fc3\"> <span class=\"_ _d\"> </span></span>fu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>re <span class=\"_ _15\"> </span>dell<span class=\"_ _0\"></span>a partecipata, <span class=\"_ _6\"></span>la <span class=\"_ _f\"> </span>differenza <span class=\"_ _6\"></span>stessa <span class=\"_ _6\"></span>vi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>iscritta <span class=\"_ _f\"> </span>dire<span class=\"_ _3\"></span>ttamente <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>conto <span class=\"_ _f\"> </span>economic<span class=\"_ _1\"></span>o. <span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>on <span class=\"_ _6\"></span>periodicit\u00e0 annuale <span class=\"_ _5\"></span>(o <span class=\"_ _6\"></span>ogni <span class=\"_ _5\"></span>vol<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>che <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>ev<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>denza <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>perdita<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re) <span class=\"_ _5\"></span>viene <span class=\"_ _6\"></span>effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ato <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>test <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>erif<span class=\"_ _1\"></span>ica dell\u2019adeguatezza <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lore dell\u2019avviament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>. A<span class=\"_ _1\"></span> ta<span class=\"_ _1\"></span>l fine <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne ide<span class=\"_ _1\"></span>ntificata l\u2019<span class=\"_ _1\"></span>Unit\u00e0 <span class=\"_ _1\"></span>generatrice di <span class=\"_ _3\"></span>flussi fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>attribuire <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vviamento. <span class=\"_ _3\"></span>L\u2019ammontare <span class=\"_ _3\"></span>dell\u2019eventuale <span class=\"_ _3\"></span>riduzio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>\u00e8 dete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span> sulla <span class=\"_ _0\"></span>base d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la d<span class=\"_ _0\"></span>ifferenza tra <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>iscrizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne dell\u2019avviamento <span class=\"_ _0\"></span>ed il <span class=\"_ _0\"></span>suo <span class=\"_ _0\"></span>valore d<span class=\"_ _0\"></span>i recupero, se inf<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ore. Detto valore di recupero \u00e8 pari al magg<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ore tra il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value dell\u2019Unit\u00e0<span class=\"_ _1\"></span> generatrice di flu<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>i fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari, <span class=\"_ _c\"> </span>al  n<span class=\"_ _0\"></span>etto  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>entua<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i  costi <span class=\"_ _c\"> </span>di  v<span class=\"_ _0\"></span>endit<span class=\"_ _3\"></span>a, <span class=\"_ _c\"> </span>ed <span class=\"_ _c\"> </span>il <span class=\"_ _c\"> </span>relati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _c\"> </span>val<span class=\"_ _1\"></span>ore <span class=\"_ _c\"> </span>d\u2019uso.  Le <span class=\"_ _c\"> </span>conse<span class=\"_ _1\"></span>guenti rettifiche di valore <span class=\"_ _1\"></span>vengono rilevate a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onto e<span class=\"_ _1\"></span>conomico. Criteri di cance<span class=\"_ _1\"></span>ll<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>zione Un'attivit\u00e0 <span class=\"_ _b\"></span>immateriale <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>eliminata <span class=\"_ _b\"></span>dallo <span class=\"_ _b\"></span>stato <span class=\"_ _5\"></span>pat<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imonia<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>momento <span class=\"_ _5\"></span>della <span class=\"_ _b\"></span>dismissione <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>qualora non siano pi\u00f9 attesi be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>efici ec<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nomi<span class=\"_ _1\"></span>ci futuri.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-15": {
   "value": "Attivit<span class=\"_ _0\"></span>\u00e0 immateriali<span class=\"_ _0\"></span> Criteri di classifica<span class=\"_ _1\"></span>zione Le <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _0\"></span>immateriali <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>iscri<span class=\"_ _0\"></span>tte <span class=\"_ _0\"></span>come <span class=\"_ _b\"></span>tal<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>se <span class=\"_ _b\"></span>sono <span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tificab<span class=\"_ _1\"></span>ili <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ovan<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rigine <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritti <span class=\"_ _b\"></span>legali <span class=\"_ _0\"></span>o contrattuali. <span class=\"_ _f\"> </span>Tra <span class=\"_ _f\"></span>le<span class=\"_ _3\"></span>  a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _f\"></span>im<span class=\"_ _1\"></span>materiali <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>anche <span class=\"_ _f\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritto <span class=\"_ _6\"></span>l\u2019avviamento <span class=\"_ _f\"> </span>che <span class=\"_ _6\"></span>rappresenta <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ffere<span class=\"_ _1\"></span>nza<span class=\"_ _4a1\"> </span>positiva tra <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _1\"></span>costo di a<span class=\"_ _1\"></span>cquisto<span class=\"_ _1\"></span> ed il fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>value delle a<span class=\"_ _3\"></span>ttivit\u00e0 e passivit\u00e0<span class=\"_ _3\"></span> acquisite in a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bit<span class=\"_ _1\"></span>o di operazioni<span class=\"_ _1\"></span> di aggregazione azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ale.<span class=\"_ _1\"></span> Criteri di iscri<span class=\"_ _1\"></span>zione e valutaz<span class=\"_ _1\"></span>ione Le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>materiali <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritte<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _1\"></span>costo, <span class=\"_ _3\"></span>rettificato <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>eventuali <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>accessori <span class=\"_ _1\"></span>sol<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>se \u00e8 <span class=\"_ _8\"></span>probabile che <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>futuri <span class=\"_ _b\"></span>benefici <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>conomici <span class=\"_ _b\"></span>attribuibili <span class=\"_ _b\"></span>all\u2019att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ealizzin<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>costo <span class=\"_ _b\"></span>dell\u2019attivit\u00e0 <span class=\"_ _b\"></span>stessa <span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>\u00f2<span class=\"_ _1\"></span> essere <span class=\"_ _f\"></span>att<span class=\"_ _1\"></span>endibilme<span class=\"_ _1\"></span>nte <span class=\"_ _f\"> </span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minato. <span class=\"_ _6\"></span>In <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>aso <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>rario<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>dell<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _6\"></span>immateriale<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>\u00e8 <span class=\"_ _5\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ato <span class=\"_ _6\"></span>a conto economico nell<span class=\"_ _1\"></span>\u2019esercizio in cui \u00e8<span class=\"_ _1\"></span> stato sosten<span class=\"_ _1\"></span>uto. Per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>vita <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>tile <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>efinita, <span class=\"_ _b\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>ammortizzato <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>quote <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>osta<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>quote <span class=\"_ _6\"></span>decrescenti determinate <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>funzione <span class=\"_ _b\"></span>dell\u2019affluss<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ei<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>benefici <span class=\"_ _b\"></span>econo<span class=\"_ _1\"></span>mici <span class=\"_ _b\"></span>attesi <span class=\"_ _0\"></span>dall\u2019attivit\u00e0. <span class=\"_ _b\"></span>Le <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ita <span class=\"_ _0\"></span>utile indefinita  no<span class=\"_ _1\"></span>n  sono  invece<span class=\"_ _1\"></span>  soggette  ad  a<span class=\"_ _3\"></span>mm<span class=\"_ _0\"></span>orta<span class=\"_ _3\"></span>mento  sistematico, <span class=\"_ _f\"> </span>b<span class=\"_ _0\"></span>ens<span class=\"_ _1\"></span>\u00ec  ad  un  test<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>eriodico <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> verifica dell\u2019ade<span class=\"_ _1\"></span>guatezza del relativo <span class=\"_ _1\"></span>valore di iscrizione in <span class=\"_ _1\"></span>bilancio. In particolare,<span class=\"_ _1\"></span> nel <span class=\"_ _1\"></span>caso di s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ftwa<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>enerati <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _1\"></span>i costi <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uti p<span class=\"_ _3\"></span>er lo svilupp<span class=\"_ _1\"></span>o del p<span class=\"_ _1\"></span>rogetto sono <span class=\"_ _3\"></span>iscritti <span class=\"_ _3\"></span>fra <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>condizione <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>siano <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>imostrati<span class=\"_ _3\"></span> i <span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>guen<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>elementi: <span class=\"_ _3\"></span>la <span class=\"_ _8\"></span>fattibi<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t\u00e0 tecnica, l\u2019inte<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>ne del <span class=\"_ _3\"></span>completamento, l<span class=\"_ _3\"></span>\u2019u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>lit\u00e0 f<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tura, la <span class=\"_ _3\"></span>disponibilit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>risorse fi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziarie <span class=\"_ _3\"></span>e tecniche<span class=\"_ _3\"></span> sufficienti e la <span class=\"_ _1\"></span>capacit\u00e0 di determina<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e in m<span class=\"_ _1\"></span>odo attendibile i costi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el pr<span class=\"_ _1\"></span>og<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>o. Se <span class=\"_ _0\"></span>esiste <span class=\"_ _0\"></span>qualche <span class=\"_ _b\"></span>indicazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>dimost<span class=\"_ _1\"></span>ri <span class=\"_ _b\"></span>che <span class=\"_ _0\"></span>un\u2019a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>possa <span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>ere <span class=\"_ _0\"></span>sub\u00ect<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>una <span class=\"_ _0\"></span>perdita <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>valore, <span class=\"_ _b\"></span>si procede <span class=\"_ _f\"> </span>alla <span class=\"_ _f\"> </span>stima <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>valo<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>recupero <span class=\"_ _f\"> </span>dell'attivit\u00e0. <span class=\"_ _f\"> </span>L\u2019amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntare <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _f\"> </span>per<span class=\"_ _1\"></span>dita, <span class=\"_ _f\"> </span>rilevato <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>cont<span class=\"_ _1\"></span>o economico, \u00e8 pa<span class=\"_ _1\"></span>ri alla differenza tra i<span class=\"_ _1\"></span>l valore contabile del<span class=\"_ _1\"></span>l\u2019attivit\u00e0 ed il val<span class=\"_ _1\"></span>ore recuperabile.<span class=\"_ _1\"></span> In particolare, tra le a<span class=\"_ _1\"></span>ttivit\u00e0 immateriali s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no i<span class=\"_ _1\"></span>ncluse: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>immateriali basate <span class=\"_ _0\"></span>sulla tecnologia, q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>li<span class=\"_ _0\"></span> il <span class=\"_ _0\"></span>software <span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>plicativo, ammortizzato <span class=\"_ _0\"></span>in funzione </span></span>della prev<span class=\"_ _1\"></span>ista ob<span class=\"_ _1\"></span>solescenza t<span class=\"_ _1\"></span>ecnologi<span class=\"_ _1\"></span>ca del<span class=\"_ _1\"></span>lo stess<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>e comunque <span class=\"_ _1\"></span>non o<span class=\"_ _1\"></span>ltre <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n p<span class=\"_ _1\"></span>eriodo <span class=\"_ _3\"></span>massimo di <span class=\"_ _3\"></span>5 anni; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1c\"> </span>immateriali <span class=\"_ _1d\"> </span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tate <span class=\"_ _1d\"> </span>(i) <span class=\"_ _1c\"> </span>dalla <span class=\"_ _1c\"> </span>valorizzazio<span class=\"_ _1\"></span>ne, <span class=\"_ _1c\"> </span>in <span class=\"_ _1d\"> </span>occ<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>ione <span class=\"_ _1c\"> </span>di <span class=\"_ _1d\"> </span>o<span class=\"_ _0\"></span>perazio<span class=\"_ _1\"></span>ni <span class=\"_ _1c\"> </span>di </span></span>aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di relazio<span class=\"_ _1\"></span>ni c<span class=\"_ _0\"></span>on la clientela o <span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dati<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>one sanciti dai contratti di <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>cquisizione sottoscritti, <span class=\"_ _21\"> </span>(ii) <span class=\"_ _21\"> </span>dal <span class=\"_ _91\"> </span>rappo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _1c\"> </span>c<span class=\"_ _0\"></span>ontrattuale <span class=\"_ _21\"> </span>acq<span class=\"_ _1\"></span>uisito. <span class=\"_ _21\"> </span>Tali <span class=\"_ _91\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0, <span class=\"_ _21\"> </span>a <span class=\"_ _21\"> </span>v<span class=\"_ _0\"></span>ita <span class=\"_ _21\"> </span>definita, <span class=\"_ _21\"> </span>sono originariamente  v<span class=\"_ _0\"></span>alorizzat<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>fair <span class=\"_ _c\"> </span>value <span class=\"_ _c\"> </span>attrave<span class=\"_ _3\"></span>rso <span class=\"_ _16\"> </span>l\u2019att<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>alizza<span class=\"_ _1\"></span>zione, <span class=\"_ _c\"> </span>con <span class=\"_ _c\"> </span>l\u2019utilizz<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>un <span class=\"_ _c\"> </span>tasso rappresentativo <span class=\"_ _16\"> </span>del <span class=\"_ _1f\"> </span>valore <span class=\"_ _1f\"> </span>temporale<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>denaro <span class=\"_ _1f\"> </span>e <span class=\"_ _1f\"> </span>dei <span class=\"_ _16\"> </span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi <span class=\"_ _1f\"> </span>specifici <span class=\"_ _16\"> </span>dell\u2019attivit\u00e0, <span class=\"_ _16\"> </span>dei <span class=\"_ _1f\"> </span>f<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>i rappresentativi <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _1\"></span>ine <span class=\"_ _b\"></span>commissionale <span class=\"_ _b\"></span>netto <span class=\"_ _b\"></span>lungo <span class=\"_ _5\"></span>un <span class=\"_ _b\"></span>periodo <span class=\"_ _b\"></span>esprimente <span class=\"_ _b\"></span>la <span class=\"_ _5\"></span>durata <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span>dua, contrattuale <span class=\"_ _1a\"> </span>o <span class=\"_ _1a\"> </span>st<span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>rapp<span class=\"_ _1\"></span>orti <span class=\"_ _1a\"> </span>in<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>essere <span class=\"_ _1a\"> </span>al <span class=\"_ _1a\"> </span>moment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019operaz<span class=\"_ _1\"></span>ione <span class=\"_ _1a\"> </span>di aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e/ac<span class=\"_ _1\"></span>quisizione. <span class=\"_ _1f\"> </span>E<span class=\"_ _0\"></span>sse <span class=\"_ _1f\"> </span>sono <span class=\"_ _15\"> </span>ammortizz<span class=\"_ _1\"></span>ate <span class=\"_ _15\"> </span>lungo <span class=\"_ _15\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iodo <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>afflusso <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>benefici economici attesi; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>immat<span class=\"_ _1\"></span>eriali l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ate alla valorizzazione dei marchi iscritti <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>che in occasione di <span class=\"_ _0\"></span>ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azioni di </span></span>aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i azie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dali;<span class=\"_ _3\"></span> -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">infine, <span class=\"_ _19\"> </span>t<span class=\"_ _1\"></span>ra <span class=\"_ _19\"> </span>le <span class=\"_ _19\"> </span>attivit\u00e0 <span class=\"_ _19\"> </span>imm<span class=\"_ _0\"></span>ate<span class=\"_ _3\"></span>riali<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _19\"> </span>incluso <span class=\"_ _19\"> </span>l\u2019avviamento. <span class=\"_ _19\"> </span>L\u2019avviament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>pu\u00f2<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>essere <span class=\"_ _19\"> </span>iscritto, </span></span>nell\u2019ambito <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>operazioni <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>aggregazione <span class=\"_ _3\"></span>azie<span class=\"_ _1\"></span>ndale, <span class=\"_ _3\"></span>quando la<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>differenza <span class=\"_ _3\"></span>posit<span class=\"_ _1\"></span>iva <span class=\"_ _3\"></span>fra <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>corrispetti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> trasferito e l\u2019eventuale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rilevazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne al fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>a quo<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>di minoranza ed il fai<span class=\"_ _1\"></span>r  value <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>elementi <span class=\"_ _0\"></span>patrimoniali <span class=\"_ _0\"></span>acquisi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>sen<span class=\"_ _0\"></span>tativ<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>capacit\u00e0 <span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ituali <span class=\"_ _b\"></span>future <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a partecipazione/atti<span class=\"_ _1\"></span>vi <span class=\"_ _d\"> </span>trasfe<span class=\"_ _1\"></span>riti <span class=\"_ _d\"> </span>(goodwill)<span class=\"_ _1\"></span>. <span class=\"_ _15\"> </span>Qualora <span class=\"_ _1f\"> </span>tale <span class=\"_ _d\"> </span>differenza <span class=\"_ _15\"> </span>risulti <span class=\"_ _15\"> </span>negativa <span class=\"_ _15\"> </span>(badwill) <span class=\"_ _1f\"> </span>o nell\u2019ipotesi <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>cui <span class=\"_ _d\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>goodwill <span class=\"_ _15\"> </span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _e\"> </span>trovi <span class=\"_ _15\"> </span>g<span class=\"_ _0\"></span>iusti<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cazione <span class=\"_ _d\"> </span>nelle <span class=\"_ _d\"> </span>capacit\u00e0 <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>uali<span class=\"ff3 fc3\"> <span class=\"_ _d\"> </span></span>fu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>re <span class=\"_ _15\"> </span>dell<span class=\"_ _0\"></span>a partecipata, <span class=\"_ _6\"></span>la <span class=\"_ _f\"> </span>differenza <span class=\"_ _6\"></span>stessa <span class=\"_ _6\"></span>vi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>iscritta <span class=\"_ _f\"> </span>dire<span class=\"_ _3\"></span>ttamente <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>conto <span class=\"_ _f\"> </span>economic<span class=\"_ _1\"></span>o. <span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>on <span class=\"_ _6\"></span>periodicit\u00e0 annuale <span class=\"_ _5\"></span>(o <span class=\"_ _6\"></span>ogni <span class=\"_ _5\"></span>vol<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>che <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>ev<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>denza <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>perdita<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re) <span class=\"_ _5\"></span>viene <span class=\"_ _6\"></span>effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ato <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>test <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>erif<span class=\"_ _1\"></span>ica dell\u2019adeguatezza <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lore dell\u2019avviament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>. A<span class=\"_ _1\"></span> ta<span class=\"_ _1\"></span>l fine <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne ide<span class=\"_ _1\"></span>ntificata l\u2019<span class=\"_ _1\"></span>Unit\u00e0 <span class=\"_ _1\"></span>generatrice di <span class=\"_ _3\"></span>flussi fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>attribuire <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vviamento. <span class=\"_ _3\"></span>L\u2019ammontare <span class=\"_ _3\"></span>dell\u2019eventuale <span class=\"_ _3\"></span>riduzio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>\u00e8 dete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span> sulla <span class=\"_ _0\"></span>base d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la d<span class=\"_ _0\"></span>ifferenza tra <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>iscrizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne dell\u2019avviamento <span class=\"_ _0\"></span>ed il <span class=\"_ _0\"></span>suo <span class=\"_ _0\"></span>valore d<span class=\"_ _0\"></span>i recupero, se inf<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ore. Detto valore di recupero \u00e8 pari al magg<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ore tra il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value dell\u2019Unit\u00e0<span class=\"_ _1\"></span> generatrice di flu<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>i fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari, <span class=\"_ _c\"> </span>al  n<span class=\"_ _0\"></span>etto  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>entua<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i  costi <span class=\"_ _c\"> </span>di  v<span class=\"_ _0\"></span>endit<span class=\"_ _3\"></span>a, <span class=\"_ _c\"> </span>ed <span class=\"_ _c\"> </span>il <span class=\"_ _c\"> </span>relati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _c\"> </span>val<span class=\"_ _1\"></span>ore <span class=\"_ _c\"> </span>d\u2019uso.  Le <span class=\"_ _c\"> </span>conse<span class=\"_ _1\"></span>guenti rettifiche di valore <span class=\"_ _1\"></span>vengono rilevate a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onto e<span class=\"_ _1\"></span>conomico. Criteri di cance<span class=\"_ _1\"></span>ll<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>zione Un'attivit\u00e0 <span class=\"_ _b\"></span>immateriale <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>eliminata <span class=\"_ _b\"></span>dallo <span class=\"_ _b\"></span>stato <span class=\"_ _5\"></span>pat<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imonia<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>momento <span class=\"_ _5\"></span>della <span class=\"_ _b\"></span>dismissione <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>qualora non siano pi\u00f9 attesi be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>efici ec<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nomi<span class=\"_ _1\"></span>ci futuri.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-523": {
   "value": "Attivit<span class=\"_ _0\"></span>\u00e0 immateriali<span class=\"_ _0\"></span> Criteri di classifica<span class=\"_ _1\"></span>zione Le <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _0\"></span>immateriali <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>iscri<span class=\"_ _0\"></span>tte <span class=\"_ _0\"></span>come <span class=\"_ _b\"></span>tal<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>se <span class=\"_ _b\"></span>sono <span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tificab<span class=\"_ _1\"></span>ili <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ovan<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rigine <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritti <span class=\"_ _b\"></span>legali <span class=\"_ _0\"></span>o contrattuali. <span class=\"_ _f\"> </span>Tra <span class=\"_ _f\"></span>le<span class=\"_ _3\"></span>  a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _f\"></span>im<span class=\"_ _1\"></span>materiali <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>anche <span class=\"_ _f\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritto <span class=\"_ _6\"></span>l\u2019avviamento <span class=\"_ _f\"> </span>che <span class=\"_ _6\"></span>rappresenta <span class=\"_ _f\"></span>la <span class=\"_ _f\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ffere<span class=\"_ _1\"></span>nza<span class=\"_ _4a1\"> </span>positiva tra <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _1\"></span>costo di a<span class=\"_ _1\"></span>cquisto<span class=\"_ _1\"></span> ed il fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>value delle a<span class=\"_ _3\"></span>ttivit\u00e0 e passivit\u00e0<span class=\"_ _3\"></span> acquisite in a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bit<span class=\"_ _1\"></span>o di operazioni<span class=\"_ _1\"></span> di aggregazione azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ale.<span class=\"_ _1\"></span> Criteri di iscri<span class=\"_ _1\"></span>zione e valutaz<span class=\"_ _1\"></span>ione Le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>materiali <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritte<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>al <span class=\"_ _1\"></span>costo, <span class=\"_ _3\"></span>rettificato <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>eventuali <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>accessori <span class=\"_ _1\"></span>sol<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>se \u00e8 <span class=\"_ _8\"></span>probabile che <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>futuri <span class=\"_ _b\"></span>benefici <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>conomici <span class=\"_ _b\"></span>attribuibili <span class=\"_ _b\"></span>all\u2019att<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _0\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ealizzin<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>se <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>costo <span class=\"_ _b\"></span>dell\u2019attivit\u00e0 <span class=\"_ _b\"></span>stessa <span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>\u00f2<span class=\"_ _1\"></span> essere <span class=\"_ _f\"></span>att<span class=\"_ _1\"></span>endibilme<span class=\"_ _1\"></span>nte <span class=\"_ _f\"> </span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minato. <span class=\"_ _6\"></span>In <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>aso <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>rario<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>dell<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _6\"></span>immateriale<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>\u00e8 <span class=\"_ _5\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ato <span class=\"_ _6\"></span>a conto economico nell<span class=\"_ _1\"></span>\u2019esercizio in cui \u00e8<span class=\"_ _1\"></span> stato sosten<span class=\"_ _1\"></span>uto. Per <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>vita <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>tile <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>efinita, <span class=\"_ _b\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>ammortizzato <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>quote <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>osta<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>quote <span class=\"_ _6\"></span>decrescenti determinate <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>funzione <span class=\"_ _b\"></span>dell\u2019affluss<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ei<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>benefici <span class=\"_ _b\"></span>econo<span class=\"_ _1\"></span>mici <span class=\"_ _b\"></span>attesi <span class=\"_ _0\"></span>dall\u2019attivit\u00e0. <span class=\"_ _b\"></span>Le <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ita <span class=\"_ _0\"></span>utile indefinita  no<span class=\"_ _1\"></span>n  sono  invece<span class=\"_ _1\"></span>  soggette  ad  a<span class=\"_ _3\"></span>mm<span class=\"_ _0\"></span>orta<span class=\"_ _3\"></span>mento  sistematico, <span class=\"_ _f\"> </span>b<span class=\"_ _0\"></span>ens<span class=\"_ _1\"></span>\u00ec  ad  un  test<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>eriodico <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> verifica dell\u2019ade<span class=\"_ _1\"></span>guatezza del relativo <span class=\"_ _1\"></span>valore di iscrizione in <span class=\"_ _1\"></span>bilancio. In particolare,<span class=\"_ _1\"></span> nel <span class=\"_ _1\"></span>caso di s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ftwa<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>enerati <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _1\"></span>i costi <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uti p<span class=\"_ _3\"></span>er lo svilupp<span class=\"_ _1\"></span>o del p<span class=\"_ _1\"></span>rogetto sono <span class=\"_ _3\"></span>iscritti <span class=\"_ _3\"></span>fra <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>immat<span class=\"_ _1\"></span>eriali <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>condizione <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>siano <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>imostrati<span class=\"_ _3\"></span> i <span class=\"_ _3\"></span>se<span class=\"_ _3\"></span>guen<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>elementi: <span class=\"_ _3\"></span>la <span class=\"_ _8\"></span>fattibi<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t\u00e0 tecnica, l\u2019inte<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>ne del <span class=\"_ _3\"></span>completamento, l<span class=\"_ _3\"></span>\u2019u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>lit\u00e0 f<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tura, la <span class=\"_ _3\"></span>disponibilit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>risorse fi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anziarie <span class=\"_ _3\"></span>e tecniche<span class=\"_ _3\"></span> sufficienti e la <span class=\"_ _1\"></span>capacit\u00e0 di determina<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e in m<span class=\"_ _1\"></span>odo attendibile i costi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el pr<span class=\"_ _1\"></span>og<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>o. Se <span class=\"_ _0\"></span>esiste <span class=\"_ _0\"></span>qualche <span class=\"_ _b\"></span>indicazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>dimost<span class=\"_ _1\"></span>ri <span class=\"_ _b\"></span>che <span class=\"_ _0\"></span>un\u2019a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>possa <span class=\"_ _0\"></span>av<span class=\"_ _0\"></span>ere <span class=\"_ _0\"></span>sub\u00ect<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>una <span class=\"_ _0\"></span>perdita <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>valore, <span class=\"_ _b\"></span>si procede <span class=\"_ _f\"> </span>alla <span class=\"_ _f\"> </span>stima <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>valo<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>recupero <span class=\"_ _f\"> </span>dell'attivit\u00e0. <span class=\"_ _f\"> </span>L\u2019amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntare <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _f\"> </span>per<span class=\"_ _1\"></span>dita, <span class=\"_ _f\"> </span>rilevato <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>cont<span class=\"_ _1\"></span>o economico, \u00e8 pa<span class=\"_ _1\"></span>ri alla differenza tra i<span class=\"_ _1\"></span>l valore contabile del<span class=\"_ _1\"></span>l\u2019attivit\u00e0 ed il val<span class=\"_ _1\"></span>ore recuperabile.<span class=\"_ _1\"></span> In particolare, tra le a<span class=\"_ _1\"></span>ttivit\u00e0 immateriali s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no i<span class=\"_ _1\"></span>ncluse: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>immateriali basate <span class=\"_ _0\"></span>sulla tecnologia, q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>li<span class=\"_ _0\"></span> il <span class=\"_ _0\"></span>software <span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>plicativo, ammortizzato <span class=\"_ _0\"></span>in funzione </span></span>della prev<span class=\"_ _1\"></span>ista ob<span class=\"_ _1\"></span>solescenza t<span class=\"_ _1\"></span>ecnologi<span class=\"_ _1\"></span>ca del<span class=\"_ _1\"></span>lo stess<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>e comunque <span class=\"_ _1\"></span>non o<span class=\"_ _1\"></span>ltre <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n p<span class=\"_ _1\"></span>eriodo <span class=\"_ _3\"></span>massimo di <span class=\"_ _3\"></span>5 anni; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _1c\"> </span>immateriali <span class=\"_ _1d\"> </span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tate <span class=\"_ _1d\"> </span>(i) <span class=\"_ _1c\"> </span>dalla <span class=\"_ _1c\"> </span>valorizzazio<span class=\"_ _1\"></span>ne, <span class=\"_ _1c\"> </span>in <span class=\"_ _1d\"> </span>occ<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>ione <span class=\"_ _1c\"> </span>di <span class=\"_ _1d\"> </span>o<span class=\"_ _0\"></span>perazio<span class=\"_ _1\"></span>ni <span class=\"_ _1c\"> </span>di </span></span>aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di relazio<span class=\"_ _1\"></span>ni c<span class=\"_ _0\"></span>on la clientela o <span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dati<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>one sanciti dai contratti di <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>cquisizione sottoscritti, <span class=\"_ _21\"> </span>(ii) <span class=\"_ _21\"> </span>dal <span class=\"_ _91\"> </span>rappo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _1c\"> </span>c<span class=\"_ _0\"></span>ontrattuale <span class=\"_ _21\"> </span>acq<span class=\"_ _1\"></span>uisito. <span class=\"_ _21\"> </span>Tali <span class=\"_ _91\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0, <span class=\"_ _21\"> </span>a <span class=\"_ _21\"> </span>v<span class=\"_ _0\"></span>ita <span class=\"_ _21\"> </span>definita, <span class=\"_ _21\"> </span>sono originariamente  v<span class=\"_ _0\"></span>alorizzat<span class=\"_ _1\"></span>e <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>fair <span class=\"_ _c\"> </span>value <span class=\"_ _c\"> </span>attrave<span class=\"_ _3\"></span>rso <span class=\"_ _16\"> </span>l\u2019att<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>alizza<span class=\"_ _1\"></span>zione, <span class=\"_ _c\"> </span>con <span class=\"_ _c\"> </span>l\u2019utilizz<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>un <span class=\"_ _c\"> </span>tasso rappresentativo <span class=\"_ _16\"> </span>del <span class=\"_ _1f\"> </span>valore <span class=\"_ _1f\"> </span>temporale<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>denaro <span class=\"_ _1f\"> </span>e <span class=\"_ _1f\"> </span>dei <span class=\"_ _16\"> </span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi <span class=\"_ _1f\"> </span>specifici <span class=\"_ _16\"> </span>dell\u2019attivit\u00e0, <span class=\"_ _16\"> </span>dei <span class=\"_ _1f\"> </span>f<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>i rappresentativi <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _1\"></span>ine <span class=\"_ _b\"></span>commissionale <span class=\"_ _b\"></span>netto <span class=\"_ _b\"></span>lungo <span class=\"_ _5\"></span>un <span class=\"_ _b\"></span>periodo <span class=\"_ _b\"></span>esprimente <span class=\"_ _b\"></span>la <span class=\"_ _5\"></span>durata <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span>dua, contrattuale <span class=\"_ _1a\"> </span>o <span class=\"_ _1a\"> </span>st<span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>rapp<span class=\"_ _1\"></span>orti <span class=\"_ _1a\"> </span>in<span class=\"_ _3\"></span> <span class=\"_ _1a\"> </span>essere <span class=\"_ _1a\"> </span>al <span class=\"_ _1a\"> </span>moment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1a\"> </span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019operaz<span class=\"_ _1\"></span>ione <span class=\"_ _1a\"> </span>di aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e/ac<span class=\"_ _1\"></span>quisizione. <span class=\"_ _1f\"> </span>E<span class=\"_ _0\"></span>sse <span class=\"_ _1f\"> </span>sono <span class=\"_ _15\"> </span>ammortizz<span class=\"_ _1\"></span>ate <span class=\"_ _15\"> </span>lungo <span class=\"_ _15\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iodo <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>afflusso <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>benefici economici attesi; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _0\"></span>immat<span class=\"_ _1\"></span>eriali l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ate alla valorizzazione dei marchi iscritti <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>che in occasione di <span class=\"_ _0\"></span>ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azioni di </span></span>aggr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i azie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dali;<span class=\"_ _3\"></span> -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">infine, <span class=\"_ _19\"> </span>t<span class=\"_ _1\"></span>ra <span class=\"_ _19\"> </span>le <span class=\"_ _19\"> </span>attivit\u00e0 <span class=\"_ _19\"> </span>imm<span class=\"_ _0\"></span>ate<span class=\"_ _3\"></span>riali<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _19\"> </span>incluso <span class=\"_ _19\"> </span>l\u2019avviamento. <span class=\"_ _19\"> </span>L\u2019avviament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>pu\u00f2<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>essere <span class=\"_ _19\"> </span>iscritto, </span></span>nell\u2019ambito <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>operazioni <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>aggregazione <span class=\"_ _3\"></span>azie<span class=\"_ _1\"></span>ndale, <span class=\"_ _3\"></span>quando la<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>differenza <span class=\"_ _3\"></span>posit<span class=\"_ _1\"></span>iva <span class=\"_ _3\"></span>fra <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>corrispetti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> trasferito e l\u2019eventuale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rilevazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne al fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>a quo<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>di minoranza ed il fai<span class=\"_ _1\"></span>r  value <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>elementi <span class=\"_ _0\"></span>patrimoniali <span class=\"_ _0\"></span>acquisi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>sen<span class=\"_ _0\"></span>tativ<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>capacit\u00e0 <span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ituali <span class=\"_ _b\"></span>future <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a partecipazione/atti<span class=\"_ _1\"></span>vi <span class=\"_ _d\"> </span>trasfe<span class=\"_ _1\"></span>riti <span class=\"_ _d\"> </span>(goodwill)<span class=\"_ _1\"></span>. <span class=\"_ _15\"> </span>Qualora <span class=\"_ _1f\"> </span>tale <span class=\"_ _d\"> </span>differenza <span class=\"_ _15\"> </span>risulti <span class=\"_ _15\"> </span>negativa <span class=\"_ _15\"> </span>(badwill) <span class=\"_ _1f\"> </span>o nell\u2019ipotesi <span class=\"_ _d\"> </span>in <span class=\"_ _d\"> </span>cui <span class=\"_ _d\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>goodwill <span class=\"_ _15\"> </span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _e\"> </span>trovi <span class=\"_ _15\"> </span>g<span class=\"_ _0\"></span>iusti<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cazione <span class=\"_ _d\"> </span>nelle <span class=\"_ _d\"> </span>capacit\u00e0 <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>uali<span class=\"ff3 fc3\"> <span class=\"_ _d\"> </span></span>fu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>re <span class=\"_ _15\"> </span>dell<span class=\"_ _0\"></span>a partecipata, <span class=\"_ _6\"></span>la <span class=\"_ _f\"> </span>differenza <span class=\"_ _6\"></span>stessa <span class=\"_ _6\"></span>vi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>iscritta <span class=\"_ _f\"> </span>dire<span class=\"_ _3\"></span>ttamente <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>conto <span class=\"_ _f\"> </span>economic<span class=\"_ _1\"></span>o. <span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>on <span class=\"_ _6\"></span>periodicit\u00e0 annuale <span class=\"_ _5\"></span>(o <span class=\"_ _6\"></span>ogni <span class=\"_ _5\"></span>vol<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>che <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>ev<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>denza <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>perdita<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re) <span class=\"_ _5\"></span>viene <span class=\"_ _6\"></span>effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ato <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>test <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>erif<span class=\"_ _1\"></span>ica dell\u2019adeguatezza <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lore dell\u2019avviament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>. A<span class=\"_ _1\"></span> ta<span class=\"_ _1\"></span>l fine <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne ide<span class=\"_ _1\"></span>ntificata l\u2019<span class=\"_ _1\"></span>Unit\u00e0 <span class=\"_ _1\"></span>generatrice di <span class=\"_ _3\"></span>flussi fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>attribuire <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vviamento. <span class=\"_ _3\"></span>L\u2019ammontare <span class=\"_ _3\"></span>dell\u2019eventuale <span class=\"_ _3\"></span>riduzio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>\u00e8 dete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span> sulla <span class=\"_ _0\"></span>base d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la d<span class=\"_ _0\"></span>ifferenza tra <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>ore <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>iscrizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne dell\u2019avviamento <span class=\"_ _0\"></span>ed il <span class=\"_ _0\"></span>suo <span class=\"_ _0\"></span>valore d<span class=\"_ _0\"></span>i recupero, se inf<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ore. Detto valore di recupero \u00e8 pari al magg<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ore tra il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value dell\u2019Unit\u00e0<span class=\"_ _1\"></span> generatrice di flu<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>i fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari, <span class=\"_ _c\"> </span>al  n<span class=\"_ _0\"></span>etto  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>entua<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i  costi <span class=\"_ _c\"> </span>di  v<span class=\"_ _0\"></span>endit<span class=\"_ _3\"></span>a, <span class=\"_ _c\"> </span>ed <span class=\"_ _c\"> </span>il <span class=\"_ _c\"> </span>relati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _c\"> </span>val<span class=\"_ _1\"></span>ore <span class=\"_ _c\"> </span>d\u2019uso.  Le <span class=\"_ _c\"> </span>conse<span class=\"_ _1\"></span>guenti rettifiche di valore <span class=\"_ _1\"></span>vengono rilevate a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onto e<span class=\"_ _1\"></span>conomico. Criteri di cance<span class=\"_ _1\"></span>ll<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>zione Un'attivit\u00e0 <span class=\"_ _b\"></span>immateriale <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>eliminata <span class=\"_ _b\"></span>dallo <span class=\"_ _b\"></span>stato <span class=\"_ _5\"></span>pat<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imonia<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>momento <span class=\"_ _5\"></span>della <span class=\"_ _b\"></span>dismissione <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>qualora non siano pi\u00f9 attesi be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>efici ec<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nomi<span class=\"_ _1\"></span>ci futuri.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-16": {
   "value": "Altre attiv<span class=\"_ _0\"></span>it\u00e0 Le <span class=\"_ _1b\"> </span>altr<span class=\"_ _0\"></span>e <span class=\"_ _1b\"> </span>atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _1b\"> </span>accolgono <span class=\"_ _1b\"> </span>esse<span class=\"_ _1\"></span>nzialmente <span class=\"_ _1b\"> </span>poste <span class=\"_ _1b\"> </span>non <span class=\"_ _1b\"> </span>riconducibili <span class=\"_ _1b\"> </span>ad <span class=\"_ _1b\"> </span>altre <span class=\"_ _1b\"> </span>voci <span class=\"_ _1b\"> </span>dello <span class=\"_ _17\"> </span>stato<span class=\"_ _3\"></span> patrimoniale, <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>cui <span class=\"_ _3\"></span>si r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>cor<span class=\"_ _1\"></span>dano <span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>crediti <span class=\"_ _3\"></span>derivanti <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>forniture <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>beni <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>servizi <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>finanziari, <span class=\"_ _3\"></span>le <span class=\"_ _1\"></span>partite<span class=\"_ _1\"></span> fiscali <span class=\"_ _f\"> </span>diverse <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>q<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>lle <span class=\"_ _f\"> </span>rilevate <span class=\"_ _f\"></span>a <span class=\"_ _f\"></span>v<span class=\"_ _1\"></span>oce <span class=\"_ _f\"> </span>propria <span class=\"_ _f\"> </span>(a<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>esempi<span class=\"_ _1\"></span>o, <span class=\"_ _f\"> </span>connesse <span class=\"_ _f\"> </span>con <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>so<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>tuto <span class=\"_ _f\"> </span>di imposta), i ratei e ris<span class=\"_ _1\"></span>conti attivi. In <span class=\"_ _0\"></span>particolare, nella <span class=\"_ _0\"></span>voce ri<span class=\"_ _0\"></span>sco<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti attivi <span class=\"_ _0\"></span>sono r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vate <span class=\"_ _0\"></span>le c<span class=\"_ _0\"></span>ommissi<span class=\"_ _1\"></span>oni <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>tant<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>m pagate <span class=\"_ _0\"></span>ai c<span class=\"_ _0\"></span>ollo<span class=\"_ _1\"></span>cato<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>i, in <span class=\"_ _0\"></span>partico<span class=\"_ _1\"></span>lare <span class=\"_ _0\"></span>tali risconti <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> riferiscono <span class=\"_ _0\"></span>a costi per il <span class=\"_ _0\"></span>collocame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to dei <span class=\"_ _0\"></span>prod<span class=\"_ _1\"></span>otti <span class=\"_ _0\"></span>che sono <span class=\"_ _0\"></span>trattati come costi <span class=\"_ _0\"></span>per l\u2019ottenimento del <span class=\"_ _0\"></span>cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atto, ai <span class=\"_ _0\"></span>sens<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>dell\u2019I<span class=\"_ _3\"></span>FR<span class=\"_ _0\"></span>S 15, <span class=\"_ _0\"></span>e pertanto <span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ilevati come <span class=\"_ _0\"></span>attivit\u00e0 e <span class=\"_ _0\"></span>rive<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>sati a <span class=\"_ _0\"></span>conto <span class=\"_ _0\"></span>economico nel<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>per<span class=\"_ _1\"></span>iodo <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>quale <span class=\"_ _0\"></span>sara<span class=\"_ _1\"></span>nno <span class=\"_ _0\"></span>riconosciuti i <span class=\"_ _b\"></span>ricavi c<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>elati <span class=\"_ _0\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>masse <span class=\"_ _0\"></span>sottostanti. Alla <span class=\"_ _16\"> </span>fine <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>ogni <span class=\"_ _16\"> </span>esercizio <span class=\"_ _c\"> </span>\u00e8 <span class=\"_ _16\"> </span>effettuato <span class=\"_ _c\"> </span>i<span class=\"_ _0\"></span>l <span class=\"_ _c\"> </span>test <span class=\"_ _16\"> </span>p<span class=\"_ _1\"></span>er <span class=\"_ _16\"> </span>verificare <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>recuperabilit\u00e0 <span class=\"_ _16\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_ _16\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _c\"> </span>iscritto nell\u2019attivo. <span class=\"_ _1\"></span> Le <span class=\"_ _b\"></span>altre <span class=\"_ _0\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>comprendo<span class=\"_ _1\"></span>no <span class=\"_ _b\"></span>inoltre <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>lio<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ie <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>spese <span class=\"_ _b\"></span>in<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>rementative<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>sostenute<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>su <span class=\"_ _b\"></span>immobili<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>di terzi, <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>lizzate <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>dera<span class=\"_ _1\"></span>ndo <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>la <span class=\"_ _b\"></span>durata <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>contratto <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>affitto <span class=\"_ _0\"></span>la <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>izza<span class=\"_ _1\"></span>trice <span class=\"_ _0\"></span>ha <span class=\"_ _b\"></span>il controllo <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>ben<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>pu\u00f2 <span class=\"_ _b\"></span>trarre <span class=\"_ _b\"></span>ben<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ci <span class=\"_ _b\"></span>economici <span class=\"_ _b\"></span>futuri. <span class=\"_ _5\"></span>I <span class=\"_ _b\"></span>suddetti <span class=\"_ _b\"></span>costi <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>classificati <span class=\"_ _b\"></span>tra <span class=\"_ _b\"></span>le <span class=\"_ _5\"></span>altre attivit\u00e0 <span class=\"_ _1\"></span>in ottempe<span class=\"_ _1\"></span>ranza alle <span class=\"_ _3\"></span>Istru<span class=\"_ _0\"></span>zi<span class=\"_ _1\"></span>oni di <span class=\"_ _3\"></span>redazione <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>B<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>\u2019Italia <span class=\"_ _3\"></span>e vengono <span class=\"_ _3\"></span>amm<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rtizzate <span class=\"_ _1\"></span>secondo il <span class=\"_ _0\"></span>period<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>pi\u00f9 breve <span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a qu<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>in cui <span class=\"_ _0\"></span>le migliorie e <span class=\"_ _0\"></span>le spese possono<span class=\"_ _0\"></span> essere utilizzat<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>e q<span class=\"_ _0\"></span>uello di durata residua del cont<span class=\"_ _1\"></span>ratto di affitto. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-477": {
   "value": "Passivit<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _1\"></span>anziari<span class=\"_ _0\"></span>e valutate al<span class=\"_ _0\"></span> costo am<span class=\"_ _0\"></span>mortizzato Criteri di classifica<span class=\"_ _1\"></span>zione Le <span class=\"_ _3\"></span>\u201cPassivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>valutate <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ammortizz<span class=\"_ _1\"></span>ato\u201d <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>cludono <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fina<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie <span class=\"_ _3\"></span>derivanti <span class=\"_ _3\"></span>da<span class=\"_ _1\"></span>i rapporti <span class=\"_ _0\"></span>intrattenut<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>le r<span class=\"_ _0\"></span>eti di <span class=\"_ _0\"></span>vendita, <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>finanzia<span class=\"_ _1\"></span>menti <span class=\"_ _b\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ogati<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>favore dell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>apo<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rupp<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>medio<span class=\"_ _1\"></span> lungo termine e i tito<span class=\"_ _1\"></span>li obbligaziona<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i emessi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>alla C<span class=\"_ _1\"></span>apogruppo. Sono in<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lt<span class=\"_ _1\"></span>re incl<span class=\"_ _1\"></span>usi <span class=\"_ _1\"></span>i de<span class=\"_ _1\"></span>biti <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>scritti <span class=\"_ _3\"></span>dal G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>uppo<span class=\"_ _1\"></span> in<span class=\"_ _1\"></span> q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>alit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>locatario <span class=\"_ _1\"></span>nell\u2019ambito <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>operazioni <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>leasing. Criteri di iscri<span class=\"_ _1\"></span>zione La <span class=\"_ _1b\"> </span>prim<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>iscrizione <span class=\"_ _1b\"> </span>\u00e8 <span class=\"_ _1b\"> </span>effettuata <span class=\"_ _1b\"> </span>sulla <span class=\"_ _1b\"> </span>base <span class=\"_ _1b\"> </span>del <span class=\"_ _1b\"> </span>fair <span class=\"_ _1b\"> </span>value <span class=\"_ _1b\"> </span>delle <span class=\"_ _1b\"> </span>passivit\u00e0, <span class=\"_ _1b\"> </span>normalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _1b\"> </span>pari all\u2019ammontare incassat<span class=\"_ _1\"></span>o o al prezz<span class=\"_ _1\"></span>o di <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ione. Criteri di valutaz<span class=\"_ _1\"></span>ione Dopo <span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>rilevazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>iziale, <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>vengono <span class=\"_ _3\"></span>valutate <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>costo <span class=\"_ _3\"></span>ammortizzato <span class=\"_ _3\"></span>col <span class=\"_ _3\"></span>metodo del tasso di interesse<span class=\"_ _1\"></span> effettivo. Fanno eccezione <span class=\"_ _1\"></span>le pa<span class=\"_ _3\"></span>ssivit\u00e0 a <span class=\"_ _3\"></span>br<span class=\"_ _0\"></span>eve ter<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>ne (<span class=\"_ _3\"></span>inferiori a <span class=\"_ _3\"></span>12<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mesi), <span class=\"_ _3\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>rimangono isc<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itte <span class=\"_ _3\"></span>al fair value <span class=\"_ _1\"></span>e per le quali il fatt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re temp<span class=\"_ _1\"></span>orale risulta trascu<span class=\"_ _1\"></span>rabile. Criteri di cance<span class=\"_ _1\"></span>ll<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>zione Le <span class=\"_ _1b\"> </span>passivit\u00e0 <span class=\"_ _17\"> </span>finanz<span class=\"_ _1\"></span>iarie <span class=\"_ _17\"> </span>s<span class=\"_ _1\"></span>ono <span class=\"_ _1b\"> </span>c<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cellate<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>d<span class=\"_ _0\"></span>al <span class=\"_ _1b\"> </span>bil<span class=\"_ _1\"></span>ancio <span class=\"_ _17\"> </span>q<span class=\"_ _1\"></span>uando <span class=\"_ _17\"> </span>risulta<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _1b\"> </span>scadute <span class=\"_ _1b\"> </span>o <span class=\"_ _17\"> </span>esti<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te. <span class=\"_ _1b\"> </span>La canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione av<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>in presenza <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iac<span class=\"_ _1\"></span>quist<span class=\"_ _1\"></span>o di <span class=\"_ _3\"></span>titoli <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bbligazi<span class=\"_ _1\"></span>onari pre<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ede<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>em<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>i.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-504": {
   "value": "Passivit<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _1\"></span>anziari<span class=\"_ _0\"></span>e valutate al<span class=\"_ _0\"></span> costo am<span class=\"_ _0\"></span>mortizzato Criteri di classifica<span class=\"_ _1\"></span>zione Le <span class=\"_ _3\"></span>\u201cPassivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>valutate <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ammortizz<span class=\"_ _1\"></span>ato\u201d <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>cludono <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fina<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie <span class=\"_ _3\"></span>derivanti <span class=\"_ _3\"></span>da<span class=\"_ _1\"></span>i rapporti <span class=\"_ _0\"></span>intrattenut<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>le r<span class=\"_ _0\"></span>eti di <span class=\"_ _0\"></span>vendita, <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>finanzia<span class=\"_ _1\"></span>menti <span class=\"_ _b\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ogati<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>favore dell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>apo<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rupp<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>medio<span class=\"_ _1\"></span> lungo termine e i tito<span class=\"_ _1\"></span>li obbligaziona<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i emessi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>alla C<span class=\"_ _1\"></span>apogruppo. Sono in<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lt<span class=\"_ _1\"></span>re incl<span class=\"_ _1\"></span>usi <span class=\"_ _1\"></span>i de<span class=\"_ _1\"></span>biti <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>scritti <span class=\"_ _3\"></span>dal G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>uppo<span class=\"_ _1\"></span> in<span class=\"_ _1\"></span> q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>alit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>locatario <span class=\"_ _1\"></span>nell\u2019ambito <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>operazioni <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>leasing. Criteri di iscri<span class=\"_ _1\"></span>zione La <span class=\"_ _1b\"> </span>prim<span class=\"_ _0\"></span>a <span class=\"_ _19\"> </span>iscrizione <span class=\"_ _1b\"> </span>\u00e8 <span class=\"_ _1b\"> </span>effettuata <span class=\"_ _1b\"> </span>sulla <span class=\"_ _1b\"> </span>base <span class=\"_ _1b\"> </span>del <span class=\"_ _1b\"> </span>fair <span class=\"_ _1b\"> </span>value <span class=\"_ _1b\"> </span>delle <span class=\"_ _1b\"> </span>passivit\u00e0, <span class=\"_ _1b\"> </span>normalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _1b\"> </span>pari all\u2019ammontare incassat<span class=\"_ _1\"></span>o o al prezz<span class=\"_ _1\"></span>o di <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ione. Criteri di valutaz<span class=\"_ _1\"></span>ione Dopo <span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>rilevazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>iziale, <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>vengono <span class=\"_ _3\"></span>valutate <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>costo <span class=\"_ _3\"></span>ammortizzato <span class=\"_ _3\"></span>col <span class=\"_ _3\"></span>metodo del tasso di interesse<span class=\"_ _1\"></span> effettivo. Fanno eccezione <span class=\"_ _1\"></span>le pa<span class=\"_ _3\"></span>ssivit\u00e0 a <span class=\"_ _3\"></span>br<span class=\"_ _0\"></span>eve ter<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>ne (<span class=\"_ _3\"></span>inferiori a <span class=\"_ _3\"></span>12<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mesi), <span class=\"_ _3\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>rimangono isc<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itte <span class=\"_ _3\"></span>al fair value <span class=\"_ _1\"></span>e per le quali il fatt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re temp<span class=\"_ _1\"></span>orale risulta trascu<span class=\"_ _1\"></span>rabile. Criteri di cance<span class=\"_ _1\"></span>ll<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>zione Le <span class=\"_ _1b\"> </span>passivit\u00e0 <span class=\"_ _17\"> </span>finanz<span class=\"_ _1\"></span>iarie <span class=\"_ _17\"> </span>s<span class=\"_ _1\"></span>ono <span class=\"_ _1b\"> </span>c<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cellate<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>d<span class=\"_ _0\"></span>al <span class=\"_ _1b\"> </span>bil<span class=\"_ _1\"></span>ancio <span class=\"_ _17\"> </span>q<span class=\"_ _1\"></span>uando <span class=\"_ _17\"> </span>risulta<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _1b\"> </span>scadute <span class=\"_ _1b\"> </span>o <span class=\"_ _17\"> </span>esti<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te. <span class=\"_ _1b\"> </span>La canc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione av<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>in presenza <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iac<span class=\"_ _1\"></span>quist<span class=\"_ _1\"></span>o di <span class=\"_ _3\"></span>titoli <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bbligazi<span class=\"_ _1\"></span>onari pre<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ede<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>em<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>i.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-524": {
   "value": "Fiscalit\u00e0 corre<span class=\"_ _0\"></span>nte e differit<span class=\"_ _0\"></span>a Le <span class=\"_ _f\"> </span>imposte <span class=\"_ _6\"></span>su<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>  re<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>o, <span class=\"_ _f\"> </span>calcolate <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>l <span class=\"_ _f\"></span>rispetto<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>dell<span class=\"_ _1\"></span>e <span class=\"_ _f\"> </span>legislazioni <span class=\"_ _6\"></span>fisc<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>nazionali, <span class=\"_ _f\"> </span>sono <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ontabilizzate com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>base <span class=\"_ _16\"> </span>al <span class=\"_ _16\"> </span>criterio <span class=\"_ _16\"> </span>della <span class=\"_ _16\"> </span>competenza<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>economica, <span class=\"_ _16\"> </span>coerentemente<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>con <span class=\"_ _1f\"> </span>le <span class=\"_ _16\"> </span>modalit\u00e0 <span class=\"_ _16\"> </span>di rilevazione <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>bilancio <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>costi <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>ric<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>hanno <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>enerate. <span class=\"_ _b\"></span>Esse <span class=\"_ _b\"></span>rappresentano <span class=\"_ _b\"></span>pertanto <span class=\"_ _b\"></span>il <span class=\"_ _5\"></span>saldo della fiscalit\u00e0 cor<span class=\"_ _1\"></span>rente e differita rela<span class=\"_ _1\"></span>tiva al reddito dell\u2019ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio<span class=\"_ _1\"></span>.  Le <span class=\"_ _5\"></span>Attivit\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>Passi<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _5\"></span>fiscali <span class=\"_ _b\"></span>corren<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>accolgo<span class=\"_ _1\"></span>no <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>saldo <span class=\"_ _b\"></span>netto <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>posizioni <span class=\"_ _b\"></span>fiscali <span class=\"_ _5\"></span>delle <span class=\"_ _b\"></span>soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o <span class=\"_ _c\"> </span>n<span class=\"_ _0\"></span>ei  confronti <span class=\"_ _c\"> </span>dell\u2019Amministrazio<span class=\"_ _1\"></span>ni <span class=\"_ _c\"> </span>finanziaria <span class=\"_ _c\"> </span>ovve<span class=\"_ _1\"></span>ro <span class=\"_ _c\"> </span>la <span class=\"_ _c\"> </span>differenza <span class=\"_ _c\"> </span>tra <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>passi<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _c\"> </span>fisc<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i correnti <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll\u2019esercizio, c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ola<span class=\"_ _1\"></span>te <span class=\"_ _0\"></span>in base <span class=\"_ _0\"></span>ad una <span class=\"_ _0\"></span>pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>isione dell\u2019onere tributario <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vuto <span class=\"_ _0\"></span>pe<span class=\"_ _1\"></span>r l\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio, determinato <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>norme <span class=\"_ _6\"></span>tributarie <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>vi<span class=\"_ _0\"></span>gor<span class=\"_ _1\"></span>e, <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>fisc<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>correnti <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentate <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>agli<span class=\"_ _3\"></span> acconti e dagli altri c<span class=\"_ _1\"></span>rediti d\u2019imposta p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> riten<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>te d\u2019a<span class=\"_ _1\"></span>cc<span class=\"_ _0\"></span>onto<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>su<span class=\"_ _1\"></span>bite. Si ricorda c<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>la Cap<span class=\"_ _1\"></span>ogruppo, A<span class=\"_ _1\"></span>nima SGR<span class=\"_ _1\"></span> e Anima<span class=\"_ _3\"></span> Alter<span class=\"_ _0\"></span>nati<span class=\"_ _1\"></span>ve hanno<span class=\"_ _1\"></span> aderito al <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>eg<span class=\"_ _1\"></span>ime di ta<span class=\"_ _1\"></span>ssazione <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> gruppo <span class=\"_ _f\"> </span>ex <span class=\"_ _f\"> </span>art. <span class=\"_ _f\"> </span>11<span class=\"_ _0\"></span>7 <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>seg. <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>T.U.I.R. <span class=\"_ _f\"> </span>(cosiddetto <span class=\"_ _f\"> </span>\u201cConsoli<span class=\"_ _1\"></span>dato <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>cale <span class=\"_ _f\"> </span>nazionale\u201d). <span class=\"_ _f\"> </span>I <span class=\"_ _f\"> </span>rapporti <span class=\"_ _f\"> </span>tr<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>la Societ\u00e0 e ciascuna delle <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ue c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nsoli<span class=\"_ _1\"></span>date sono regola<span class=\"_ _1\"></span>ti da apposito contratto di <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>ons<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lidat<span class=\"_ _1\"></span>o fiscale. La <span class=\"_ _15\"> </span>f<span class=\"_ _0\"></span>isca<span class=\"_ _1\"></span>lit\u00e0 <span class=\"_ _15\"> </span>di<span class=\"_ _0\"></span>ffer<span class=\"_ _1\"></span>ita <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _d\"> </span>determinata, <span class=\"_ _15\"> </span>tenendo <span class=\"_ _d\"> </span>conto <span class=\"_ _15\"> </span>dell\u2019effetto <span class=\"_ _15\"> </span>fiscale <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>onne<span class=\"_ _1\"></span>sso <span class=\"_ _d\"> </span>alle <span class=\"_ _15\"> </span>differenze temporanee t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabile <span class=\"_ _1\"></span>delle attiv<span class=\"_ _1\"></span>it\u00e0 e<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>assivit\u00e0 ed <span class=\"_ _3\"></span>il loro <span class=\"_ _3\"></span>valore fiscale <span class=\"_ _3\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>neranno importi <span class=\"_ _c\"> </span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>pon<span class=\"_ _1\"></span>ibili  o <span class=\"_ _c\"> </span>deduci<span class=\"_ _1\"></span>bili <span class=\"_ _c\"> </span>ne<span class=\"_ _1\"></span>i  fu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ri  periodi.  A <span class=\"_ _c\"> </span>tali  fini, <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>i<span class=\"_ _1\"></span>ntendono  \u201cdifferenze  temporanee<span class=\"_ _4a1\"> </span>tassabili\u201d <span class=\"_ _5\"></span>qu<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>che <span class=\"_ _6\"></span>nei <span class=\"_ _5\"></span>periodi <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>uri <span class=\"_ _6\"></span>determiner<span class=\"_ _1\"></span>anno<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>importi <span class=\"_ _6\"></span>imponibili <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>\u201cdifferenze <span class=\"_ _5\"></span>temporanee deducibili\u201d quelle <span class=\"_ _1\"></span>che negli eser<span class=\"_ _1\"></span>cizi futuri determi<span class=\"_ _3\"></span>neranno importi deducibili. La fiscalit\u00e0 <span class=\"_ _3\"></span>differita non <span class=\"_ _3\"></span>\u00e8 rilevata <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el caso <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>cui derivi <span class=\"_ _1\"></span>dalla r<span class=\"_ _1\"></span>ilevazione i<span class=\"_ _1\"></span>niziale de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019avviame<span class=\"_ _1\"></span>nto e dalla<span class=\"_ _3\"></span> rilevazione <span class=\"_ _1c\"> </span>iniziale <span class=\"_ _1d\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _1c\"> </span>un\u2019attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1c\"> </span>o <span class=\"_ _1c\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>una <span class=\"_ _1c\"> </span>passivit\u00e0 <span class=\"_ _1c\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>operazioni <span class=\"_ _1c\"> </span>che <span class=\"_ _1c\"> </span>non <span class=\"_ _1c\"> </span>rappresenti<span class=\"_ _1\"></span>no un\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ggreg<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _1\"></span>azie<span class=\"_ _1\"></span>ndale e <span class=\"_ _3\"></span>al mo<span class=\"_ _1\"></span>mento del<span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione <span class=\"_ _3\"></span>non influe<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>n\u00e9 l\u2019utile <span class=\"_ _3\"></span>contabile n\u00e9 <span class=\"_ _3\"></span>il redd<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> imponibile (perdita f<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>scale<span class=\"_ _1\"></span>). La <span class=\"_ _16\"> </span>fiscalit\u00e0 <span class=\"_ _c\"> </span>differita <span class=\"_ _c\"> </span>\u00e8 <span class=\"_ _16\"> </span>calcolata <span class=\"_ _c\"> </span>applicando <span class=\"_ _c\"> </span>le <span class=\"_ _16\"> </span>ali<span class=\"_ _1\"></span>quo<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>fiscali <span class=\"_ _16\"> </span>stabi<span class=\"_ _1\"></span>lite <span class=\"_ _16\"> </span>dalle <span class=\"_ _c\"> </span>disposizio<span class=\"_ _1\"></span>ni <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>eg<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>e  applicabili <span class=\"_ _c\"> </span>nei <span class=\"_ _c\"> </span>periodi  d<span class=\"_ _0\"></span>i  i<span class=\"_ _0\"></span>mposta <span class=\"_ _c\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _c\"> </span>cui <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>relative <span class=\"_ _c\"> </span>dif<span class=\"_ _1\"></span>ferenze <span class=\"_ _c\"> </span>temporanee <span class=\"_ _c\"> </span>dive<span class=\"_ _1\"></span>rranno <span class=\"_ _c\"> </span>tassabili <span class=\"_ _c\"> </span>o imponibili; <span class=\"_ _f\"> </span>l\u2019isc<span class=\"_ _1\"></span>rizione <span class=\"_ _f\"> </span>della <span class=\"_ _6\"></span>fiscalit\u00e0 <span class=\"_ _f\"> </span>differita<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>pu\u00f2 <span class=\"_ _6\"></span>esser<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>ri<span class=\"_ _0\"></span>le<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>quando <span class=\"_ _f\"> </span>esiste <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>babilit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>un effettivo so<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>ni<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to di im<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>ste <span class=\"_ _0\"></span>dei periodi <span class=\"_ _0\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>riv<span class=\"_ _1\"></span>ersamento <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>tali<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>differenze <span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>pora<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ee e qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do esiste <span class=\"_ _15\"> </span>un<span class=\"_ _0\"></span>a <span class=\"_ _1f\"> </span>ragionevole <span class=\"_ _15\"> </span>certezza <span class=\"_ _1f\"> </span>che <span class=\"_ _d\"> </span>vi<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>siano <span class=\"_ _15\"> </span>ammontari <span class=\"_ _15\"> </span>imponibili <span class=\"_ _15\"> </span>futuri <span class=\"_ _15\"> </span>nei<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iodi <span class=\"_ _15\"> </span>in <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>ui <span class=\"_ _15\"> </span>si manifester\u00e0 la relativa <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>ucibilit\u00e0 fiscale corre<span class=\"_ _1\"></span>lata a tali diffe<span class=\"_ _1\"></span>renze temporali.<span class=\"_ _1\"></span> Il <span class=\"_ _b\"></span>valore <span class=\"_ _b\"></span>contabile <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>iscali <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferite <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>rivisto <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>bil<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nc<span class=\"_ _0\"></span>io <span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>do<span class=\"_ _0\"></span>tt<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>nel<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> misura <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>cui n<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>probabile c<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>sia realizzabile u<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>reddito <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mponibile <span class=\"_ _0\"></span>suffi<span class=\"_ _1\"></span>cien<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>consentire c<span class=\"_ _0\"></span>he sia utilizzato il bene<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>icio in parte <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di tu<span class=\"_ _0\"></span>tta <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 fiscale <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferita. La <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>utazione delle passivit\u00e0 e delle <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 fiscali differite riflette gli effetti fiscali che d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vano <span class=\"_ _0\"></span>da<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e modalit\u00e0 <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>cui <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>atten<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e, <span class=\"_ _0\"></span>alla<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>rife<span class=\"_ _1\"></span>rimento <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>bilancio, <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>recuperare <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>estingue<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e il<span class=\"_ _0\"></span> valore contabile <span class=\"_ _1\"></span>delle sue attivit\u00e0 e p<span class=\"_ _1\"></span>assivit\u00e0. Qualora <span class=\"_ _3\"></span>le A<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Passivit\u00e0 <span class=\"_ _3\"></span>fiscali <span class=\"_ _3\"></span>diffe<span class=\"_ _1\"></span>rite <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>eri<span class=\"_ _3\"></span>sc<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>componenti <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>hanno <span class=\"_ _3\"></span>interessato <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>cont<span class=\"_ _1\"></span>o economico, la cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>opartita \u00e8 <span class=\"_ _1\"></span>rappresentata dalle <span class=\"_ _1\"></span>imposte su<span class=\"_ _1\"></span>l reddito. Nei <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>asi <span class=\"_ _d\"> </span>in <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>ui <span class=\"_ _15\"> </span>le <span class=\"_ _e\"> </span>imposte <span class=\"_ _d\"> </span>anticipat<span class=\"_ _1\"></span>e <span class=\"_ _d\"> </span>e <span class=\"_ _e\"> </span>differite <span class=\"_ _d\"> </span>riguardino <span class=\"_ _d\"> </span>tr<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>sazioni <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>hanno <span class=\"_ _d\"> </span>interessato direttamente <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>pa<span class=\"_ _1\"></span>trimonio <span class=\"_ _f\"> </span>netto <span class=\"_ _6\"></span>sen<span class=\"_ _0\"></span>za <span class=\"_ _6\"></span>influenzare <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nto <span class=\"_ _f\"> </span>economico <span class=\"_ _f\"></span>(q<span class=\"_ _1\"></span>uali <span class=\"_ _f\"> </span>le <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ettific<span class=\"_ _1\"></span>he <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>prima applicazione <span class=\"_ _0\"></span>degli<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>IFRS, <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>valutaz<span class=\"_ _1\"></span>ioni <span class=\"_ _0\"></span>degli <span class=\"_ _0\"></span>str<span class=\"_ _1\"></span>umenti <span class=\"_ _0\"></span>finanziari ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>fair <span class=\"_ _0\"></span>value c<span class=\"_ _0\"></span>on impatto <span class=\"_ _0\"></span>sulla redditivit\u00e0 <span class=\"_ _f\"> </span>complessiva<span class=\"_ _1\"></span>  o<span class=\"_ _1\"></span>  de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>contratti <span class=\"_ _f\"> </span>derivati <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>copertura <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>flussi <span class=\"_ _f\"> </span>finanziari), <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>stesse <span class=\"_ _f\"> </span>vengono iscritte <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>opartita <span class=\"_ _5\"></span>al <span class=\"_ _6\"></span>patrimonio <span class=\"_ _b\"></span>netto, <span class=\"_ _6\"></span>interessa<span class=\"_ _1\"></span>ndo <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>spe<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ifiche <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ise<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ve <span class=\"_ _5\"></span>quando <span class=\"_ _5\"></span>previsto <span class=\"_ _5\"></span>(es. riserve da valutaz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTaxesOtherThanIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-478": {
   "value": "Fiscalit\u00e0 corre<span class=\"_ _0\"></span>nte e differit<span class=\"_ _0\"></span>a Le <span class=\"_ _f\"> </span>imposte <span class=\"_ _6\"></span>su<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>  re<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>o, <span class=\"_ _f\"> </span>calcolate <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>l <span class=\"_ _f\"></span>rispetto<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>dell<span class=\"_ _1\"></span>e <span class=\"_ _f\"> </span>legislazioni <span class=\"_ _6\"></span>fisc<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>nazionali, <span class=\"_ _f\"> </span>sono <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ontabilizzate com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>base <span class=\"_ _16\"> </span>al <span class=\"_ _16\"> </span>criterio <span class=\"_ _16\"> </span>della <span class=\"_ _16\"> </span>competenza<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>economica, <span class=\"_ _16\"> </span>coerentemente<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>con <span class=\"_ _1f\"> </span>le <span class=\"_ _16\"> </span>modalit\u00e0 <span class=\"_ _16\"> </span>di rilevazione <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>bilancio <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>costi <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>ric<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>hanno <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>enerate. <span class=\"_ _b\"></span>Esse <span class=\"_ _b\"></span>rappresentano <span class=\"_ _b\"></span>pertanto <span class=\"_ _b\"></span>il <span class=\"_ _5\"></span>saldo della fiscalit\u00e0 cor<span class=\"_ _1\"></span>rente e differita rela<span class=\"_ _1\"></span>tiva al reddito dell\u2019ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio<span class=\"_ _1\"></span>.  Le <span class=\"_ _5\"></span>Attivit\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>Passi<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _5\"></span>fiscali <span class=\"_ _b\"></span>corren<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>accolgo<span class=\"_ _1\"></span>no <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>saldo <span class=\"_ _b\"></span>netto <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>posizioni <span class=\"_ _b\"></span>fiscali <span class=\"_ _5\"></span>delle <span class=\"_ _b\"></span>soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o <span class=\"_ _c\"> </span>n<span class=\"_ _0\"></span>ei  confronti <span class=\"_ _c\"> </span>dell\u2019Amministrazio<span class=\"_ _1\"></span>ni <span class=\"_ _c\"> </span>finanziaria <span class=\"_ _c\"> </span>ovve<span class=\"_ _1\"></span>ro <span class=\"_ _c\"> </span>la <span class=\"_ _c\"> </span>differenza <span class=\"_ _c\"> </span>tra <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>passi<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _c\"> </span>fisc<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i correnti <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll\u2019esercizio, c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ola<span class=\"_ _1\"></span>te <span class=\"_ _0\"></span>in base <span class=\"_ _0\"></span>ad una <span class=\"_ _0\"></span>pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>isione dell\u2019onere tributario <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vuto <span class=\"_ _0\"></span>pe<span class=\"_ _1\"></span>r l\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio, determinato <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>norme <span class=\"_ _6\"></span>tributarie <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>vi<span class=\"_ _0\"></span>gor<span class=\"_ _1\"></span>e, <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>fisc<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>correnti <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentate <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>agli<span class=\"_ _3\"></span> acconti e dagli altri c<span class=\"_ _1\"></span>rediti d\u2019imposta p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> riten<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>te d\u2019a<span class=\"_ _1\"></span>cc<span class=\"_ _0\"></span>onto<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>su<span class=\"_ _1\"></span>bite. Si ricorda c<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>la Cap<span class=\"_ _1\"></span>ogruppo, A<span class=\"_ _1\"></span>nima SGR<span class=\"_ _1\"></span> e Anima<span class=\"_ _3\"></span> Alter<span class=\"_ _0\"></span>nati<span class=\"_ _1\"></span>ve hanno<span class=\"_ _1\"></span> aderito al <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>eg<span class=\"_ _1\"></span>ime di ta<span class=\"_ _1\"></span>ssazione <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> gruppo <span class=\"_ _f\"> </span>ex <span class=\"_ _f\"> </span>art. <span class=\"_ _f\"> </span>11<span class=\"_ _0\"></span>7 <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>seg. <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>T.U.I.R. <span class=\"_ _f\"> </span>(cosiddetto <span class=\"_ _f\"> </span>\u201cConsoli<span class=\"_ _1\"></span>dato <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>cale <span class=\"_ _f\"> </span>nazionale\u201d). <span class=\"_ _f\"> </span>I <span class=\"_ _f\"> </span>rapporti <span class=\"_ _f\"> </span>tr<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>la Societ\u00e0 e ciascuna delle <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ue c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nsoli<span class=\"_ _1\"></span>date sono regola<span class=\"_ _1\"></span>ti da apposito contratto di <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>ons<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lidat<span class=\"_ _1\"></span>o fiscale. La <span class=\"_ _15\"> </span>f<span class=\"_ _0\"></span>isca<span class=\"_ _1\"></span>lit\u00e0 <span class=\"_ _15\"> </span>di<span class=\"_ _0\"></span>ffer<span class=\"_ _1\"></span>ita <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _d\"> </span>determinata, <span class=\"_ _15\"> </span>tenendo <span class=\"_ _d\"> </span>conto <span class=\"_ _15\"> </span>dell\u2019effetto <span class=\"_ _15\"> </span>fiscale <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>onne<span class=\"_ _1\"></span>sso <span class=\"_ _d\"> </span>alle <span class=\"_ _15\"> </span>differenze temporanee t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabile <span class=\"_ _1\"></span>delle attiv<span class=\"_ _1\"></span>it\u00e0 e<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>assivit\u00e0 ed <span class=\"_ _3\"></span>il loro <span class=\"_ _3\"></span>valore fiscale <span class=\"_ _3\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>neranno importi <span class=\"_ _c\"> </span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>pon<span class=\"_ _1\"></span>ibili  o <span class=\"_ _c\"> </span>deduci<span class=\"_ _1\"></span>bili <span class=\"_ _c\"> </span>ne<span class=\"_ _1\"></span>i  fu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ri  periodi.  A <span class=\"_ _c\"> </span>tali  fini, <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>i<span class=\"_ _1\"></span>ntendono  \u201cdifferenze  temporanee<span class=\"_ _4a1\"> </span><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs206\">tassabili\u201d <span class=\"_ _5\"></span>qu<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>che <span class=\"_ _6\"></span>nei <span class=\"_ _5\"></span>periodi <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>uri <span class=\"_ _6\"></span>determiner<span class=\"_ _1\"></span>anno<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>importi <span class=\"_ _6\"></span>imponibili <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>\u201cdifferenze <span class=\"_ _5\"></span>temporanee </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs207\">deducibili\u201d quelle <span class=\"_ _1\"></span>che negli eser<span class=\"_ _1\"></span>cizi futuri determi<span class=\"_ _3\"></span>neranno importi deducibili. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs208\">La fiscalit\u00e0 <span class=\"_ _3\"></span>differita non <span class=\"_ _3\"></span>\u00e8 rilevata <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el caso <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>cui derivi <span class=\"_ _1\"></span>dalla r<span class=\"_ _1\"></span>ilevazione i<span class=\"_ _1\"></span>niziale de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019avviame<span class=\"_ _1\"></span>nto e dalla<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs209\">rilevazione <span class=\"_ _1c\"> </span>iniziale <span class=\"_ _1d\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _1c\"> </span>un\u2019attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1c\"> </span>o <span class=\"_ _1c\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>una <span class=\"_ _1c\"> </span>passivit\u00e0 <span class=\"_ _1c\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>operazioni <span class=\"_ _1c\"> </span>che <span class=\"_ _1c\"> </span>non <span class=\"_ _1c\"> </span>rappresenti<span class=\"_ _1\"></span>no </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs20a\">un\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ggreg<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _1\"></span>azie<span class=\"_ _1\"></span>ndale e <span class=\"_ _3\"></span>al mo<span class=\"_ _1\"></span>mento del<span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione <span class=\"_ _3\"></span>non influe<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>n\u00e9 l\u2019utile <span class=\"_ _3\"></span>contabile n\u00e9 <span class=\"_ _3\"></span>il redd<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs20b\">imponibile (perdita f<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>scale<span class=\"_ _1\"></span>). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs20c\">La <span class=\"_ _16\"> </span>fiscalit\u00e0 <span class=\"_ _c\"> </span>differita <span class=\"_ _c\"> </span>\u00e8 <span class=\"_ _16\"> </span>calcolata <span class=\"_ _c\"> </span>applicando <span class=\"_ _c\"> </span>le <span class=\"_ _16\"> </span>ali<span class=\"_ _1\"></span>quo<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>fiscali <span class=\"_ _16\"> </span>stabi<span class=\"_ _1\"></span>lite <span class=\"_ _16\"> </span>dalle <span class=\"_ _c\"> </span>disposizio<span class=\"_ _1\"></span>ni <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>eg<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>e  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs20d\">applicabili <span class=\"_ _c\"> </span>nei <span class=\"_ _c\"> </span>periodi  d<span class=\"_ _0\"></span>i  i<span class=\"_ _0\"></span>mposta <span class=\"_ _c\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _c\"> </span>cui <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>relative <span class=\"_ _c\"> </span>dif<span class=\"_ _1\"></span>ferenze <span class=\"_ _c\"> </span>temporanee <span class=\"_ _c\"> </span>dive<span class=\"_ _1\"></span>rranno <span class=\"_ _c\"> </span>tassabili <span class=\"_ _c\"> </span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs20e\">imponibili; <span class=\"_ _f\"> </span>l\u2019isc<span class=\"_ _1\"></span>rizione <span class=\"_ _f\"> </span>della <span class=\"_ _6\"></span>fiscalit\u00e0 <span class=\"_ _f\"> </span>differita<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>pu\u00f2 <span class=\"_ _6\"></span>esser<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>ri<span class=\"_ _0\"></span>le<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>quando <span class=\"_ _f\"> </span>esiste <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>babilit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>un </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs20f\">effettivo so<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>ni<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to di im<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>ste <span class=\"_ _0\"></span>dei periodi <span class=\"_ _0\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>riv<span class=\"_ _1\"></span>ersamento <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>tali<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>differenze <span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>pora<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ee e qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs210\">esiste <span class=\"_ _15\"> </span>un<span class=\"_ _0\"></span>a <span class=\"_ _1f\"> </span>ragionevole <span class=\"_ _15\"> </span>certezza <span class=\"_ _1f\"> </span>che <span class=\"_ _d\"> </span>vi<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>siano <span class=\"_ _15\"> </span>ammontari <span class=\"_ _15\"> </span>imponibili <span class=\"_ _15\"> </span>futuri <span class=\"_ _15\"> </span>nei<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iodi <span class=\"_ _15\"> </span>in <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>ui <span class=\"_ _15\"> </span>si </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs159\">manifester\u00e0 la relativa <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>ucibilit\u00e0 fiscale corre<span class=\"_ _1\"></span>lata a tali diffe<span class=\"_ _1\"></span>renze temporali.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs211\">Il <span class=\"_ _b\"></span>valore <span class=\"_ _b\"></span>contabile <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>iscali <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferite <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>rivisto <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>bil<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nc<span class=\"_ _0\"></span>io <span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>do<span class=\"_ _0\"></span>tt<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>nel<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs15b\">misura <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>cui n<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>probabile c<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>sia realizzabile u<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>reddito <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mponibile <span class=\"_ _0\"></span>suffi<span class=\"_ _1\"></span>cien<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>consentire c<span class=\"_ _0\"></span>he </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs212\">sia utilizzato il bene<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>icio in parte <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di tu<span class=\"_ _0\"></span>tta <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 fiscale <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferita. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs15d\">La <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>utazione delle passivit\u00e0 e delle <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 fiscali differite riflette gli effetti fiscali che d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vano <span class=\"_ _0\"></span>da<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs131\">modalit\u00e0 <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>cui <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>atten<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e, <span class=\"_ _0\"></span>alla<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>rife<span class=\"_ _1\"></span>rimento <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>bilancio, <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>recuperare <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>estingue<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e il<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs132\">valore contabile <span class=\"_ _1\"></span>delle sue attivit\u00e0 e p<span class=\"_ _1\"></span>assivit\u00e0. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs133\">Qualora <span class=\"_ _3\"></span>le A<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Passivit\u00e0 <span class=\"_ _3\"></span>fiscali <span class=\"_ _3\"></span>diffe<span class=\"_ _1\"></span>rite <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>eri<span class=\"_ _3\"></span>sc<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>componenti <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>hanno <span class=\"_ _3\"></span>interessato <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>cont<span class=\"_ _1\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs134\">economico, la cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>opartita \u00e8 <span class=\"_ _1\"></span>rappresentata dalle <span class=\"_ _1\"></span>imposte su<span class=\"_ _1\"></span>l reddito. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs135\">Nei <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>asi <span class=\"_ _d\"> </span>in <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>ui <span class=\"_ _15\"> </span>le <span class=\"_ _e\"> </span>imposte <span class=\"_ _d\"> </span>anticipat<span class=\"_ _1\"></span>e <span class=\"_ _d\"> </span>e <span class=\"_ _e\"> </span>differite <span class=\"_ _d\"> </span>riguardino <span class=\"_ _d\"> </span>tr<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>sazioni <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>hanno <span class=\"_ _d\"> </span>interessato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs136\">direttamente <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>pa<span class=\"_ _1\"></span>trimonio <span class=\"_ _f\"> </span>netto <span class=\"_ _6\"></span>sen<span class=\"_ _0\"></span>za <span class=\"_ _6\"></span>influenzare <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nto <span class=\"_ _f\"> </span>economico <span class=\"_ _f\"></span>(q<span class=\"_ _1\"></span>uali <span class=\"_ _f\"> </span>le <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ettific<span class=\"_ _1\"></span>he <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>prima </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs137\">applicazione <span class=\"_ _0\"></span>degli<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>IFRS, <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>valutaz<span class=\"_ _1\"></span>ioni <span class=\"_ _0\"></span>degli <span class=\"_ _0\"></span>str<span class=\"_ _1\"></span>umenti <span class=\"_ _0\"></span>finanziari ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>fair <span class=\"_ _0\"></span>value c<span class=\"_ _0\"></span>on impatto <span class=\"_ _0\"></span>sulla </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs138\">redditivit\u00e0 <span class=\"_ _f\"> </span>complessiva<span class=\"_ _1\"></span>  o<span class=\"_ _1\"></span>  de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>contratti <span class=\"_ _f\"> </span>derivati <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>copertura <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>flussi <span class=\"_ _f\"> </span>finanziari), <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>stesse <span class=\"_ _f\"> </span>vengono </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs139\">iscritte <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>opartita <span class=\"_ _5\"></span>al <span class=\"_ _6\"></span>patrimonio <span class=\"_ _b\"></span>netto, <span class=\"_ _6\"></span>interessa<span class=\"_ _1\"></span>ndo <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>spe<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ifiche <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ise<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ve <span class=\"_ _5\"></span>quando <span class=\"_ _5\"></span>previsto <span class=\"_ _5\"></span>(es. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs13a\">riserve da valutaz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>). </div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-17": {
   "value": "Fiscalit\u00e0 corre<span class=\"_ _0\"></span>nte e differit<span class=\"_ _0\"></span>a Le <span class=\"_ _f\"> </span>imposte <span class=\"_ _6\"></span>su<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>  re<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>o, <span class=\"_ _f\"> </span>calcolate <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>l <span class=\"_ _f\"></span>rispetto<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>dell<span class=\"_ _1\"></span>e <span class=\"_ _f\"> </span>legislazioni <span class=\"_ _6\"></span>fisc<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>nazionali, <span class=\"_ _f\"> </span>sono <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ontabilizzate com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>base <span class=\"_ _16\"> </span>al <span class=\"_ _16\"> </span>criterio <span class=\"_ _16\"> </span>della <span class=\"_ _16\"> </span>competenza<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>economica, <span class=\"_ _16\"> </span>coerentemente<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>con <span class=\"_ _1f\"> </span>le <span class=\"_ _16\"> </span>modalit\u00e0 <span class=\"_ _16\"> </span>di rilevazione <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>bilancio <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>costi <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>ric<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>hanno <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>enerate. <span class=\"_ _b\"></span>Esse <span class=\"_ _b\"></span>rappresentano <span class=\"_ _b\"></span>pertanto <span class=\"_ _b\"></span>il <span class=\"_ _5\"></span>saldo della fiscalit\u00e0 cor<span class=\"_ _1\"></span>rente e differita rela<span class=\"_ _1\"></span>tiva al reddito dell\u2019ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio<span class=\"_ _1\"></span>.  Le <span class=\"_ _5\"></span>Attivit\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>Passi<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _5\"></span>fiscali <span class=\"_ _b\"></span>corren<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>accolgo<span class=\"_ _1\"></span>no <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>saldo <span class=\"_ _b\"></span>netto <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>posizioni <span class=\"_ _b\"></span>fiscali <span class=\"_ _5\"></span>delle <span class=\"_ _b\"></span>soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o <span class=\"_ _c\"> </span>n<span class=\"_ _0\"></span>ei  confronti <span class=\"_ _c\"> </span>dell\u2019Amministrazio<span class=\"_ _1\"></span>ni <span class=\"_ _c\"> </span>finanziaria <span class=\"_ _c\"> </span>ovve<span class=\"_ _1\"></span>ro <span class=\"_ _c\"> </span>la <span class=\"_ _c\"> </span>differenza <span class=\"_ _c\"> </span>tra <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>passi<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _c\"> </span>fisc<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i correnti <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll\u2019esercizio, c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ola<span class=\"_ _1\"></span>te <span class=\"_ _0\"></span>in base <span class=\"_ _0\"></span>ad una <span class=\"_ _0\"></span>pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>isione dell\u2019onere tributario <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vuto <span class=\"_ _0\"></span>pe<span class=\"_ _1\"></span>r l\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio, determinato <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>norme <span class=\"_ _6\"></span>tributarie <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>vi<span class=\"_ _0\"></span>gor<span class=\"_ _1\"></span>e, <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>fisc<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>correnti <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentate <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>agli<span class=\"_ _3\"></span> acconti e dagli altri c<span class=\"_ _1\"></span>rediti d\u2019imposta p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> riten<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>te d\u2019a<span class=\"_ _1\"></span>cc<span class=\"_ _0\"></span>onto<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>su<span class=\"_ _1\"></span>bite. Si ricorda c<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>la Cap<span class=\"_ _1\"></span>ogruppo, A<span class=\"_ _1\"></span>nima SGR<span class=\"_ _1\"></span> e Anima<span class=\"_ _3\"></span> Alter<span class=\"_ _0\"></span>nati<span class=\"_ _1\"></span>ve hanno<span class=\"_ _1\"></span> aderito al <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>eg<span class=\"_ _1\"></span>ime di ta<span class=\"_ _1\"></span>ssazione <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> gruppo <span class=\"_ _f\"> </span>ex <span class=\"_ _f\"> </span>art. <span class=\"_ _f\"> </span>11<span class=\"_ _0\"></span>7 <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>seg. <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>T.U.I.R. <span class=\"_ _f\"> </span>(cosiddetto <span class=\"_ _f\"> </span>\u201cConsoli<span class=\"_ _1\"></span>dato <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>cale <span class=\"_ _f\"> </span>nazionale\u201d). <span class=\"_ _f\"> </span>I <span class=\"_ _f\"> </span>rapporti <span class=\"_ _f\"> </span>tr<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>la Societ\u00e0 e ciascuna delle <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ue c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nsoli<span class=\"_ _1\"></span>date sono regola<span class=\"_ _1\"></span>ti da apposito contratto di <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>ons<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lidat<span class=\"_ _1\"></span>o fiscale. La <span class=\"_ _15\"> </span>f<span class=\"_ _0\"></span>isca<span class=\"_ _1\"></span>lit\u00e0 <span class=\"_ _15\"> </span>di<span class=\"_ _0\"></span>ffer<span class=\"_ _1\"></span>ita <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _d\"> </span>determinata, <span class=\"_ _15\"> </span>tenendo <span class=\"_ _d\"> </span>conto <span class=\"_ _15\"> </span>dell\u2019effetto <span class=\"_ _15\"> </span>fiscale <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>onne<span class=\"_ _1\"></span>sso <span class=\"_ _d\"> </span>alle <span class=\"_ _15\"> </span>differenze temporanee t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabile <span class=\"_ _1\"></span>delle attiv<span class=\"_ _1\"></span>it\u00e0 e<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>assivit\u00e0 ed <span class=\"_ _3\"></span>il loro <span class=\"_ _3\"></span>valore fiscale <span class=\"_ _3\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>neranno importi <span class=\"_ _c\"> </span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>pon<span class=\"_ _1\"></span>ibili  o <span class=\"_ _c\"> </span>deduci<span class=\"_ _1\"></span>bili <span class=\"_ _c\"> </span>ne<span class=\"_ _1\"></span>i  fu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ri  periodi.  A <span class=\"_ _c\"> </span>tali  fini, <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>i<span class=\"_ _1\"></span>ntendono  \u201cdifferenze  temporanee<span class=\"_ _4a1\"> </span>tassabili\u201d <span class=\"_ _5\"></span>qu<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>che <span class=\"_ _6\"></span>nei <span class=\"_ _5\"></span>periodi <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>uri <span class=\"_ _6\"></span>determiner<span class=\"_ _1\"></span>anno<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>importi <span class=\"_ _6\"></span>imponibili <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>\u201cdifferenze <span class=\"_ _5\"></span>temporanee deducibili\u201d quelle <span class=\"_ _1\"></span>che negli eser<span class=\"_ _1\"></span>cizi futuri determi<span class=\"_ _3\"></span>neranno importi deducibili. La fiscalit\u00e0 <span class=\"_ _3\"></span>differita non <span class=\"_ _3\"></span>\u00e8 rilevata <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el caso <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>cui derivi <span class=\"_ _1\"></span>dalla r<span class=\"_ _1\"></span>ilevazione i<span class=\"_ _1\"></span>niziale de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019avviame<span class=\"_ _1\"></span>nto e dalla<span class=\"_ _3\"></span> rilevazione <span class=\"_ _1c\"> </span>iniziale <span class=\"_ _1d\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _1c\"> </span>un\u2019attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _1c\"> </span>o <span class=\"_ _1c\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>una <span class=\"_ _1c\"> </span>passivit\u00e0 <span class=\"_ _1c\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>operazioni <span class=\"_ _1c\"> </span>che <span class=\"_ _1c\"> </span>non <span class=\"_ _1c\"> </span>rappresenti<span class=\"_ _1\"></span>no un\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ggreg<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _1\"></span>azie<span class=\"_ _1\"></span>ndale e <span class=\"_ _3\"></span>al mo<span class=\"_ _1\"></span>mento del<span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione <span class=\"_ _3\"></span>non influe<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>n\u00e9 l\u2019utile <span class=\"_ _3\"></span>contabile n\u00e9 <span class=\"_ _3\"></span>il redd<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> imponibile (perdita f<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>scale<span class=\"_ _1\"></span>). La <span class=\"_ _16\"> </span>fiscalit\u00e0 <span class=\"_ _c\"> </span>differita <span class=\"_ _c\"> </span>\u00e8 <span class=\"_ _16\"> </span>calcolata <span class=\"_ _c\"> </span>applicando <span class=\"_ _c\"> </span>le <span class=\"_ _16\"> </span>ali<span class=\"_ _1\"></span>quo<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>fiscali <span class=\"_ _16\"> </span>stabi<span class=\"_ _1\"></span>lite <span class=\"_ _16\"> </span>dalle <span class=\"_ _c\"> </span>disposizio<span class=\"_ _1\"></span>ni <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>eg<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>e  applicabili <span class=\"_ _c\"> </span>nei <span class=\"_ _c\"> </span>periodi  d<span class=\"_ _0\"></span>i  i<span class=\"_ _0\"></span>mposta <span class=\"_ _c\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _c\"> </span>cui <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>relative <span class=\"_ _c\"> </span>dif<span class=\"_ _1\"></span>ferenze <span class=\"_ _c\"> </span>temporanee <span class=\"_ _c\"> </span>dive<span class=\"_ _1\"></span>rranno <span class=\"_ _c\"> </span>tassabili <span class=\"_ _c\"> </span>o imponibili; <span class=\"_ _f\"> </span>l\u2019isc<span class=\"_ _1\"></span>rizione <span class=\"_ _f\"> </span>della <span class=\"_ _6\"></span>fiscalit\u00e0 <span class=\"_ _f\"> </span>differita<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>pu\u00f2 <span class=\"_ _6\"></span>esser<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>ri<span class=\"_ _0\"></span>le<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>quando <span class=\"_ _f\"> </span>esiste <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>babilit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>un effettivo so<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>ni<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to di im<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>ste <span class=\"_ _0\"></span>dei periodi <span class=\"_ _0\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>riv<span class=\"_ _1\"></span>ersamento <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>tali<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>differenze <span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>pora<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ee e qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do esiste <span class=\"_ _15\"> </span>un<span class=\"_ _0\"></span>a <span class=\"_ _1f\"> </span>ragionevole <span class=\"_ _15\"> </span>certezza <span class=\"_ _1f\"> </span>che <span class=\"_ _d\"> </span>vi<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>siano <span class=\"_ _15\"> </span>ammontari <span class=\"_ _15\"> </span>imponibili <span class=\"_ _15\"> </span>futuri <span class=\"_ _15\"> </span>nei<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iodi <span class=\"_ _15\"> </span>in <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>ui <span class=\"_ _15\"> </span>si manifester\u00e0 la relativa <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>ucibilit\u00e0 fiscale corre<span class=\"_ _1\"></span>lata a tali diffe<span class=\"_ _1\"></span>renze temporali.<span class=\"_ _1\"></span> Il <span class=\"_ _b\"></span>valore <span class=\"_ _b\"></span>contabile <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>iscali <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferite <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>rivisto <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>bil<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nc<span class=\"_ _0\"></span>io <span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>do<span class=\"_ _0\"></span>tt<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>nel<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> misura <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>cui n<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>probabile c<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>sia realizzabile u<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>reddito <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mponibile <span class=\"_ _0\"></span>suffi<span class=\"_ _1\"></span>cien<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>consentire c<span class=\"_ _0\"></span>he sia utilizzato il bene<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>icio in parte <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di tu<span class=\"_ _0\"></span>tta <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 fiscale <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferita. La <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>utazione delle passivit\u00e0 e delle <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ivit\u00e0 fiscali differite riflette gli effetti fiscali che d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vano <span class=\"_ _0\"></span>da<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e modalit\u00e0 <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>cui <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>atten<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e, <span class=\"_ _0\"></span>alla<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>rife<span class=\"_ _1\"></span>rimento <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>bilancio, <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>recuperare <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>estingue<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e il<span class=\"_ _0\"></span> valore contabile <span class=\"_ _1\"></span>delle sue attivit\u00e0 e p<span class=\"_ _1\"></span>assivit\u00e0. Qualora <span class=\"_ _3\"></span>le A<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Passivit\u00e0 <span class=\"_ _3\"></span>fiscali <span class=\"_ _3\"></span>diffe<span class=\"_ _1\"></span>rite <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>eri<span class=\"_ _3\"></span>sc<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>componenti <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>hanno <span class=\"_ _3\"></span>interessato <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>cont<span class=\"_ _1\"></span>o economico, la cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>opartita \u00e8 <span class=\"_ _1\"></span>rappresentata dalle <span class=\"_ _1\"></span>imposte su<span class=\"_ _1\"></span>l reddito. Nei <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>asi <span class=\"_ _d\"> </span>in <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>ui <span class=\"_ _15\"> </span>le <span class=\"_ _e\"> </span>imposte <span class=\"_ _d\"> </span>anticipat<span class=\"_ _1\"></span>e <span class=\"_ _d\"> </span>e <span class=\"_ _e\"> </span>differite <span class=\"_ _d\"> </span>riguardino <span class=\"_ _d\"> </span>tr<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>sazioni <span class=\"_ _e\"> </span>che <span class=\"_ _d\"> </span>hanno <span class=\"_ _d\"> </span>interessato direttamente <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>pa<span class=\"_ _1\"></span>trimonio <span class=\"_ _f\"> </span>netto <span class=\"_ _6\"></span>sen<span class=\"_ _0\"></span>za <span class=\"_ _6\"></span>influenzare <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nto <span class=\"_ _f\"> </span>economico <span class=\"_ _f\"></span>(q<span class=\"_ _1\"></span>uali <span class=\"_ _f\"> </span>le <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ettific<span class=\"_ _1\"></span>he <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>prima applicazione <span class=\"_ _0\"></span>degli<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>IFRS, <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>valutaz<span class=\"_ _1\"></span>ioni <span class=\"_ _0\"></span>degli <span class=\"_ _0\"></span>str<span class=\"_ _1\"></span>umenti <span class=\"_ _0\"></span>finanziari ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>al<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>fair <span class=\"_ _0\"></span>value c<span class=\"_ _0\"></span>on impatto <span class=\"_ _0\"></span>sulla redditivit\u00e0 <span class=\"_ _f\"> </span>complessiva<span class=\"_ _1\"></span>  o<span class=\"_ _1\"></span>  de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>contratti <span class=\"_ _f\"> </span>derivati <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>copertura <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>flussi <span class=\"_ _f\"> </span>finanziari), <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>stesse <span class=\"_ _f\"> </span>vengono iscritte <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>opartita <span class=\"_ _5\"></span>al <span class=\"_ _6\"></span>patrimonio <span class=\"_ _b\"></span>netto, <span class=\"_ _6\"></span>interessa<span class=\"_ _1\"></span>ndo <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>spe<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ifiche <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ise<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ve <span class=\"_ _5\"></span>quando <span class=\"_ _5\"></span>previsto <span class=\"_ _5\"></span>(es. riserve da valutaz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>). ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-479": {
   "value": "<div class=\"t m1 h14 ff6 fsc fc1 sc0 ls0 ws0 gs214\">Benefici ai dipe<span class=\"_ _0\"></span>ndenti<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs215\">Si <span class=\"_ _c\"> </span>definiscono <span class=\"_ _c\"> </span>benefici <span class=\"_ _c\"> </span>ai <span class=\"_ _c\"> </span>dipende<span class=\"_ _1\"></span>nti <span class=\"_ _c\"> </span>tutti <span class=\"_ _c\"> </span>i <span class=\"_ _c\"> </span>tipi <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>nerazione <span class=\"_ _c\"> </span>erogati <span class=\"_ _c\"> </span>dall\u2019azien<span class=\"_ _1\"></span>da <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>cambio </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs216\">dell\u2019attivit\u00e0 lavorati<span class=\"_ _1\"></span>va svolta dai dipendenti<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span> I be<span class=\"_ _1\"></span>nefici ai dipendenti si s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ddivido<span class=\"_ _1\"></span>no tra: </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs217\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">benefici a<span class=\"_ _1\"></span> b<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>eve t<span class=\"_ _1\"></span>ermine <span class=\"_ _3\"></span>(diversi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ai <span class=\"_ _3\"></span>benefici d<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vuti <span class=\"_ _3\"></span>ai dipende<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essaz<span class=\"_ _1\"></span>ione de<span class=\"_ _3\"></span>l rapporto <span class=\"_ _1\"></span>di<span class=\"_ _3\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs218\">lavoro <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>dai  ben<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ci <span class=\"_ _c\"> </span>retributi<span class=\"_ _1\"></span>vi <span class=\"_ _c\"> </span>sotto  f<span class=\"_ _0\"></span>orma  di<span class=\"_ _0\"></span>  partecipazio<span class=\"_ _1\"></span>ne <span class=\"_ _c\"> </span>al  c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le) <span class=\"_ _c\"> </span>che <span class=\"_ _c\"> </span>si <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>revede <span class=\"_ _c\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs219\">liquidare <span class=\"_ _5\"></span>interamente <span class=\"_ _5\"></span>entro <span class=\"_ _5\"></span>dodici <span class=\"_ _5\"></span>mesi <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>termine <span class=\"_ _5\"></span>dell\u2019esercizio<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>quale <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ipen<span class=\"_ _1\"></span>denti <span class=\"_ _5\"></span>h<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nno </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs21a\">prestato <span class=\"_ _e\"> </span>l\u2019attivit\u00e0 <span class=\"_ _d\"> </span>l<span class=\"_ _0\"></span>avorativa <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>rilevati <span class=\"_ _d\"> </span>inter<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>mente <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>conto <span class=\"_ _e\"> </span>economico <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>momento <span class=\"_ _e\"> </span>della </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs21b\">maturazione <span class=\"_ _1f\"> </span>(rientrano <span class=\"_ _15\"> </span>in <span class=\"_ _15\"> </span>tale <span class=\"_ _1f\"> </span>categoria, <span class=\"_ _15\"> </span>ad <span class=\"_ _d\"> </span>es<span class=\"_ _3\"></span>empio, <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>salari, <span class=\"_ _1f\"> </span>g<span class=\"_ _0\"></span>li <span class=\"_ _1f\"> </span>stipendi <span class=\"_ _15\"> </span>e <span class=\"_ _1f\"> </span>le <span class=\"_ _d\"> </span>prestazi<span class=\"_ _1\"></span>oni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs21c\">\u201cstraordinarie\u201d); </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs21d\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">benefici <span class=\"_ _6\"></span>successivi <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>rapporto <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>lavoro <span class=\"_ _6\"></span>dovuti <span class=\"_ _6\"></span>dopo <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>conclusione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>rapporto <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>lavoro <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>he </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs21e\">obbligano <span class=\"_ _0\"></span>l\u2019impresa <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>un\u2019erogazione <span class=\"_ _0\"></span>futura <span class=\"_ _0\"></span>nei <span class=\"_ _0\"></span>confronti <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>dipendenti. <span class=\"_ _0\"></span>Tra <span class=\"_ _0\"></span>questi, <span class=\"_ _0\"></span>rientrano <span class=\"_ _0\"></span>il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs21f\">trattamento <span class=\"_ _16\"> </span>di <span class=\"_ _c\"> </span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ne <span class=\"_ _16\"> </span>rapporto <span class=\"_ _16\"> </span>e <span class=\"_ _c\"> </span>i<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>fondi <span class=\"_ _16\"> </span>pensione <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>he, <span class=\"_ _16\"> </span>a <span class=\"_ _c\"> </span>loro <span class=\"_ _16\"> </span>volta <span class=\"_ _16\"> </span>si <span class=\"_ _16\"> </span>suddi<span class=\"_ _1\"></span>vidono <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>piani <span class=\"_ _16\"> </span>a<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs220\">contribuzione defin<span class=\"_ _1\"></span>ita e piani a bene<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ici defi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>iti o fo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>di di <span class=\"_ _1\"></span>quiescenza az<span class=\"_ _1\"></span>iendale; </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs221\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">benefici <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>cessazione <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>rapporto <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>lavoro, <span class=\"_ _0\"></span>ossia <span class=\"_ _b\"></span>qu<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>nsi <span class=\"_ _5\"></span>che <span class=\"_ _b\"></span>l\u2019azienda <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>conosce <span class=\"_ _b\"></span>ai </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs222\">dipendenti <span class=\"_ _6\"></span>com<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>contropartita <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>essaz<span class=\"_ _1\"></span>ione <span class=\"_ _f\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>orto<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _f\"> </span>lavoro, <span class=\"_ _6\"></span>in <span class=\"_ _f\"> </span>se<span class=\"_ _1\"></span>guito <span class=\"_ _f\"> </span>alla <span class=\"_ _5\"></span>dec<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs223\">della stessa di con<span class=\"_ _1\"></span>cludere il rapport<span class=\"_ _1\"></span>o di lavoro prim<span class=\"_ _3\"></span>a dell<span class=\"_ _0\"></span>a normale data<span class=\"_ _1\"></span> di pensi<span class=\"_ _1\"></span>onamento; </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs224\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">benefici <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>lungo <span class=\"_ _1\"></span>termine, <span class=\"_ _3\"></span>diversi <span class=\"_ _3\"></span>dai <span class=\"_ _3\"></span>precedenti, <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>pr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ede <span class=\"_ _3\"></span>sia<span class=\"_ _1\"></span>no esti<span class=\"_ _3\"></span>nti i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>terame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>entro<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs225\">i dodici mesi s<span class=\"_ _1\"></span>uccessivi al temine dell<span class=\"_ _1\"></span>\u2019esercizio in <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ui i dip<span class=\"_ _1\"></span>endenti hanno s<span class=\"_ _1\"></span>vol<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>le p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>opr<span class=\"_ _1\"></span>ie  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs226\">prestazioni  l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vorative. <span class=\"_ _c\"> </span>La<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>valutazio<span class=\"_ _1\"></span>ne <span class=\"_ _c\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>c<span class=\"_ _1\"></span>ontabilizza<span class=\"_ _1\"></span>zione  d<span class=\"_ _0\"></span>egli  altri  benefici  a <span class=\"_ _c\"> </span>l<span class=\"_ _1\"></span>ungo <span class=\"_ _c\"> </span>te<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ne </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs227\">avviene <span class=\"_ _c\"> </span>utilizzando  la <span class=\"_ _c\"> </span>stessa <span class=\"_ _c\"> </span>metodologia <span class=\"_ _c\"> </span>di  v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tazione <span class=\"_ _c\"> </span>dei<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>benefici <span class=\"_ _c\"> </span>successivi<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>alla <span class=\"_ _c\"> </span>fine <span class=\"_ _c\"> </span>del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs228\">rapporto <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>lavoro, <span class=\"_ _5\"></span>m<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>non <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vati <span class=\"_ _6\"></span>utili/perdite <span class=\"_ _5\"></span>attuariali <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>le <span class=\"_ _5\"></span>altre <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mponenti <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs229\">economico complessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o. </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs22a\">Trattamento di f<span class=\"_ _1\"></span>ine rapporto de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> personal<span class=\"_ _3\"></span>e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs22b\">Il  trattamento  di  fine  rapporto  si  co<span class=\"_ _1\"></span>nf<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ura  come<span class=\"_ _1\"></span>  un<span class=\"_ _0\"></span>  \u201c<span class=\"_ _1\"></span>beneficio  successiv<span class=\"_ _1\"></span>o  al  r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>orto  di  lavoro\u201d </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs22c\">classificato come:<span class=\"_ _3\"></span> </div>-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">\u201cp<span class=\"_ _1\"></span>iano <span class=\"_ _16\"> </span>a <span class=\"_ _c\"> </span>cont<span class=\"_ _1\"></span>ribuzione <span class=\"_ _c\"> </span>definita\u201d <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>quote <span class=\"_ _16\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>trattamento <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>fine <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>porto <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>personale </span></span>maturande <span class=\"_ _0\"></span>a partire dal 1<span class=\"_ _0\"></span>\u00b0 gennaio <span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>007<span class=\"_ _0\"></span> (data di <span class=\"_ _0\"></span>entrata in<span class=\"_ _0\"></span> vigore della riforma <span class=\"_ _0\"></span>della previdenza<span class=\"_ _3\"></span> com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>re <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>cui <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>Decreto <span class=\"_ _b\"></span>Legis<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ativ<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>5 <span class=\"_ _b\"></span>dicembre <span class=\"_ _b\"></span>2005 <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>252)<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sia <span class=\"_ _b\"></span>nel <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pz<span class=\"_ _1\"></span>ione <span class=\"_ _b\"></span>da parte <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ipen<span class=\"_ _1\"></span>dente <span class=\"_ _5\"></span>per <span class=\"_ _b\"></span>la <span class=\"_ _5\"></span>previdenza <span class=\"_ _5\"></span>compleme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tare, <span class=\"_ _b\"></span>sia <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>destinazione <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>fondo <span class=\"_ _5\"></span>di Tesoreria <span class=\"_ _1f\"> </span>presso <span class=\"_ _1f\"> </span>l\u2019INPS. <span class=\"_ _1f\"> </span>Per <span class=\"_ _1f\"> </span>tali <span class=\"_ _1f\"> </span>quote <span class=\"_ _15\"> </span>l\u2019import<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>contabilizzato <span class=\"_ _1f\"> </span>tra <span class=\"_ _1f\"> </span>i <span class=\"_ _1f\"> </span>costi <span class=\"_ _1f\"> </span>del <span class=\"_ _1f\"> </span>personale <span class=\"_ _15\"> </span>\u00e8 determinato <span class=\"_ _1f\"> </span>sulla <span class=\"_ _16\"> </span>base <span class=\"_ _16\"> </span>dei <span class=\"_ _1f\"> </span>contributi <span class=\"_ _16\"> </span>dovuti <span class=\"_ _16\"> </span>senza <span class=\"_ _16\"> </span>l\u2019applicazione <span class=\"_ _1f\"> </span>di <span class=\"_ _16\"> </span>metodologie <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>alcolo<span class=\"_ _3\"></span> attuariali; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">\u201cp<span class=\"_ _1\"></span>iano <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>benefici <span class=\"_ _b\"></span>def<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>niti\u201d <span class=\"_ _5\"></span>iscritto <span class=\"_ _5\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>suo <span class=\"_ _5\"></span>valore <span class=\"_ _6\"></span>attuariale<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>eter<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nato <span class=\"_ _5\"></span>utilizzando <span class=\"_ _5\"></span>il </span></span>metodo <span class=\"_ _0\"></span>della \u201c<span class=\"_ _0\"></span>Pr<span class=\"_ _1\"></span>oiezione <span class=\"_ _0\"></span>Unitaria d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Credito\u201d, <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>quota del <span class=\"_ _0\"></span>trattamento <span class=\"_ _0\"></span>di f<span class=\"_ _0\"></span>ine <span class=\"_ _0\"></span>rappo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>del personale <span class=\"_ _b\"></span>maturata <span class=\"_ _b\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _b\"></span>2006.Tali <span class=\"_ _b\"></span>quote <span class=\"_ _b\"></span>sono <span class=\"_ _5\"></span>iscritte <span class=\"_ _b\"></span>sulla <span class=\"_ _b\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _0\"></span>del <span class=\"_ _5\"></span>loro <span class=\"_ _b\"></span>valore attuariale <span class=\"_ _1f\"> </span>determinato <span class=\"_ _16\"> </span>u<span class=\"_ _0\"></span>tilizz<span class=\"_ _1\"></span>ando <span class=\"_ _1f\"> </span>il <span class=\"_ _1f\"> </span>metodo <span class=\"_ _1f\"> </span>della <span class=\"_ _1f\"> </span>\u201cProiezione <span class=\"_ _1f\"> </span>Unitaria <span class=\"_ _1f\"> </span>del <span class=\"_ _1f\"> </span>Credito\u201d, <span class=\"_ _16\"> </span>sen<span class=\"_ _0\"></span>za<span class=\"_ _3\"></span> applicazione <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>pro-rata <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>servizio <span class=\"_ _b\"></span>prestato <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>quanto <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>osto <span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ide<span class=\"_ _1\"></span>nziale <span class=\"_ _b\"></span>(\u201ccurrent <span class=\"_ _b\"></span>service cost\u201d) <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>TF<span class=\"_ _1\"></span>R <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>quasi <span class=\"_ _0\"></span>interamente <span class=\"_ _0\"></span>maturato <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>rivalutazione <span class=\"_ _0\"></span>dello <span class=\"_ _0\"></span>stesso, <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>gli <span class=\"_ _b\"></span>an<span class=\"_ _1\"></span>ni <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>venire,<span class=\"_ _3\"></span> non si ritiene dia<span class=\"_ _1\"></span> luogo a significati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i benefic<span class=\"_ _1\"></span>i per i dip<span class=\"_ _1\"></span>enden<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i. Ai  fini  del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>'<span class=\"_ _0\"></span>attualizza<span class=\"_ _1\"></span>zione,  il  tasso  utilizzato  \u00e8  determinato  con  riferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  al  rendiment<span class=\"_ _1\"></span>o  d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> merc<span class=\"_ _0\"></span>at<span class=\"_ _3\"></span>o <span class=\"_ _c\"> </span>di  o<span class=\"_ _0\"></span>bbligazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni  di<span class=\"_ _0\"></span>  aziende <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>rimarie <span class=\"_ _c\"> </span>tene<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do  c<span class=\"_ _0\"></span>onto  della <span class=\"_ _c\"> </span>d<span class=\"_ _1\"></span>urata <span class=\"_ _c\"> </span>media <span class=\"_ _c\"> </span>re<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ua <span class=\"_ _c\"> </span>della<span class=\"_ _1\"></span> passivit\u00e0, <span class=\"_ _16\"> </span>po<span class=\"_ _1\"></span>nderata <span class=\"_ _c\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>base <span class=\"_ _16\"> </span>alla <span class=\"_ _c\"> </span>percentuale <span class=\"_ _c\"> </span>dell'import<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>pagato <span class=\"_ _16\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>anticipato, <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>ciascun<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> scadenza, <span class=\"_ _3\"></span>rispetto <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>totale <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>paga<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>e a<span class=\"_ _3\"></span>nticipare <span class=\"_ _8\"></span>f<span class=\"_ _0\"></span>ino <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>l'estinzione <span class=\"_ _8\"></span>f<span class=\"_ _0\"></span>inale <span class=\"_ _3\"></span>dell\u2019<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>obbligazione.<span class=\"_ _3\"></span> I <span class=\"_ _6\"></span>costi <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>servizio <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _6\"></span>piano <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>contabili<span class=\"_ _0\"></span>zza<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>tra <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>costi <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>personale, <span class=\"_ _5\"></span>men<span class=\"_ _0\"></span>tre<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _6\"></span>utili <span class=\"_ _6\"></span>e <span class=\"_ _f\"></span>le<span class=\"_ _3\"></span> perdite <span class=\"_ _3\"></span>attuariali <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>contropartita <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>apposita <span class=\"_ _3\"></span>riserva <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>patrimo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>(con <span class=\"_ _3\"></span>effetto sulla redditivit\u00e0 c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mplessiva).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-18": {
   "value": "Trattamento di f<span class=\"_ _1\"></span>ine rapporto de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> personal<span class=\"_ _3\"></span>e Il  trattamento  di  fine  rapporto  si  co<span class=\"_ _1\"></span>nf<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ura  come<span class=\"_ _1\"></span>  un<span class=\"_ _0\"></span>  \u201c<span class=\"_ _1\"></span>beneficio  successiv<span class=\"_ _1\"></span>o  al  r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>orto  di  lavoro\u201d classificato come:<span class=\"_ _3\"></span> -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">\u201cp<span class=\"_ _1\"></span>iano <span class=\"_ _16\"> </span>a <span class=\"_ _c\"> </span>cont<span class=\"_ _1\"></span>ribuzione <span class=\"_ _c\"> </span>definita\u201d <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>quote <span class=\"_ _16\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>trattamento <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>fine <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>porto <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>personale </span></span>maturande <span class=\"_ _0\"></span>a partire dal 1<span class=\"_ _0\"></span>\u00b0 gennaio <span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>007<span class=\"_ _0\"></span> (data di <span class=\"_ _0\"></span>entrata in<span class=\"_ _0\"></span> vigore della riforma <span class=\"_ _0\"></span>della previdenza<span class=\"_ _3\"></span> com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>re <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>cui <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>Decreto <span class=\"_ _b\"></span>Legis<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ativ<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>5 <span class=\"_ _b\"></span>dicembre <span class=\"_ _b\"></span>2005 <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>252)<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sia <span class=\"_ _b\"></span>nel <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pz<span class=\"_ _1\"></span>ione <span class=\"_ _b\"></span>da parte <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ipen<span class=\"_ _1\"></span>dente <span class=\"_ _5\"></span>per <span class=\"_ _b\"></span>la <span class=\"_ _5\"></span>previdenza <span class=\"_ _5\"></span>compleme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tare, <span class=\"_ _b\"></span>sia <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>destinazione <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>fondo <span class=\"_ _5\"></span>di Tesoreria <span class=\"_ _1f\"> </span>presso <span class=\"_ _1f\"> </span>l\u2019INPS. <span class=\"_ _1f\"> </span>Per <span class=\"_ _1f\"> </span>tali <span class=\"_ _1f\"> </span>quote <span class=\"_ _15\"> </span>l\u2019import<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>contabilizzato <span class=\"_ _1f\"> </span>tra <span class=\"_ _1f\"> </span>i <span class=\"_ _1f\"> </span>costi <span class=\"_ _1f\"> </span>del <span class=\"_ _1f\"> </span>personale <span class=\"_ _15\"> </span>\u00e8 determinato <span class=\"_ _1f\"> </span>sulla <span class=\"_ _16\"> </span>base <span class=\"_ _16\"> </span>dei <span class=\"_ _1f\"> </span>contributi <span class=\"_ _16\"> </span>dovuti <span class=\"_ _16\"> </span>senza <span class=\"_ _16\"> </span>l\u2019applicazione <span class=\"_ _1f\"> </span>di <span class=\"_ _16\"> </span>metodologie <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>alcolo<span class=\"_ _3\"></span> attuariali; -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">\u201cp<span class=\"_ _1\"></span>iano <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>benefici <span class=\"_ _b\"></span>def<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>niti\u201d <span class=\"_ _5\"></span>iscritto <span class=\"_ _5\"></span>sulla <span class=\"_ _5\"></span>base <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>suo <span class=\"_ _5\"></span>valore <span class=\"_ _6\"></span>attuariale<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>eter<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nato <span class=\"_ _5\"></span>utilizzando <span class=\"_ _5\"></span>il </span></span>metodo <span class=\"_ _0\"></span>della \u201c<span class=\"_ _0\"></span>Pr<span class=\"_ _1\"></span>oiezione <span class=\"_ _0\"></span>Unitaria d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Credito\u201d, <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>quota del <span class=\"_ _0\"></span>trattamento <span class=\"_ _0\"></span>di f<span class=\"_ _0\"></span>ine <span class=\"_ _0\"></span>rappo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>del personale <span class=\"_ _b\"></span>maturata <span class=\"_ _b\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _b\"></span>2006.Tali <span class=\"_ _b\"></span>quote <span class=\"_ _b\"></span>sono <span class=\"_ _5\"></span>iscritte <span class=\"_ _b\"></span>sulla <span class=\"_ _b\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _0\"></span>del <span class=\"_ _5\"></span>loro <span class=\"_ _b\"></span>valore attuariale <span class=\"_ _1f\"> </span>determinato <span class=\"_ _16\"> </span>u<span class=\"_ _0\"></span>tilizz<span class=\"_ _1\"></span>ando <span class=\"_ _1f\"> </span>il <span class=\"_ _1f\"> </span>metodo <span class=\"_ _1f\"> </span>della <span class=\"_ _1f\"> </span>\u201cProiezione <span class=\"_ _1f\"> </span>Unitaria <span class=\"_ _1f\"> </span>del <span class=\"_ _1f\"> </span>Credito\u201d, <span class=\"_ _16\"> </span>sen<span class=\"_ _0\"></span>za<span class=\"_ _3\"></span> applicazione <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>pro-rata <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>servizio <span class=\"_ _b\"></span>prestato <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>quanto <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>osto <span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ide<span class=\"_ _1\"></span>nziale <span class=\"_ _b\"></span>(\u201ccurrent <span class=\"_ _b\"></span>service cost\u201d) <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>TF<span class=\"_ _1\"></span>R <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>quasi <span class=\"_ _0\"></span>interamente <span class=\"_ _0\"></span>maturato <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>rivalutazione <span class=\"_ _0\"></span>dello <span class=\"_ _0\"></span>stesso, <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>gli <span class=\"_ _b\"></span>an<span class=\"_ _1\"></span>ni <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>venire,<span class=\"_ _3\"></span> non si ritiene dia<span class=\"_ _1\"></span> luogo a significati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i benefic<span class=\"_ _1\"></span>i per i dip<span class=\"_ _1\"></span>enden<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i. Ai  fini  del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>'<span class=\"_ _0\"></span>attualizza<span class=\"_ _1\"></span>zione,  il  tasso  utilizzato  \u00e8  determinato  con  riferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  al  rendiment<span class=\"_ _1\"></span>o  d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> merc<span class=\"_ _0\"></span>at<span class=\"_ _3\"></span>o <span class=\"_ _c\"> </span>di  o<span class=\"_ _0\"></span>bbligazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni  di<span class=\"_ _0\"></span>  aziende <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>rimarie <span class=\"_ _c\"> </span>tene<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do  c<span class=\"_ _0\"></span>onto  della <span class=\"_ _c\"> </span>d<span class=\"_ _1\"></span>urata <span class=\"_ _c\"> </span>media <span class=\"_ _c\"> </span>re<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ua <span class=\"_ _c\"> </span>della<span class=\"_ _1\"></span> passivit\u00e0, <span class=\"_ _16\"> </span>po<span class=\"_ _1\"></span>nderata <span class=\"_ _c\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>base <span class=\"_ _16\"> </span>alla <span class=\"_ _c\"> </span>percentuale <span class=\"_ _c\"> </span>dell'import<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>pagato <span class=\"_ _16\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>anticipato, <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>ciascun<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> scadenza, <span class=\"_ _3\"></span>rispetto <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>totale <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>paga<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>e a<span class=\"_ _3\"></span>nticipare <span class=\"_ _8\"></span>f<span class=\"_ _0\"></span>ino <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>l'estinzione <span class=\"_ _8\"></span>f<span class=\"_ _0\"></span>inale <span class=\"_ _3\"></span>dell\u2019<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>obbligazione.<span class=\"_ _3\"></span> I <span class=\"_ _6\"></span>costi <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>servizio <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _6\"></span>piano <span class=\"_ _6\"></span>sono <span class=\"_ _5\"></span>contabili<span class=\"_ _0\"></span>zza<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>tra <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>costi <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>personale, <span class=\"_ _5\"></span>men<span class=\"_ _0\"></span>tre<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _6\"></span>utili <span class=\"_ _6\"></span>e <span class=\"_ _f\"></span>le<span class=\"_ _3\"></span> perdite <span class=\"_ _3\"></span>attuariali <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>contropartita <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>apposita <span class=\"_ _3\"></span>riserva <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>patrimo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>(con <span class=\"_ _3\"></span>effetto sulla redditivit\u00e0 c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mplessiva).",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTerminationBenefits",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-480": {
   "value": "Fondi per rischi <span class=\"_ _0\"></span>ed oneri<span class=\"_ _0\"></span> Fondi per rischi ed one<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span> a<span class=\"_ _1\"></span> fronte di imp<span class=\"_ _1\"></span>egni e gara<span class=\"_ _1\"></span>nzie rilasciate<span class=\"_ _3\"></span> La <span class=\"_ _f\"> </span>sottovoce <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>fondi <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>risc<span class=\"_ _1\"></span>hi <span class=\"_ _f\"> </span>ed <span class=\"_ _f\"></span>o<span class=\"_ _1\"></span>neri <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>esa<span class=\"_ _1\"></span>me <span class=\"_ _f\"> </span>accoglie <span class=\"_ _f\"> </span>le<span class=\"_ _3\"></span>  ga<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>anzie<span class=\"_ _3\"></span>  ri<span class=\"_ _1\"></span>lasciate <span class=\"_ _f\"></span>dalla<span class=\"_ _3\"></span>  c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>rollata Anima SGR ai s<span class=\"_ _1\"></span>ottoscrittori per<span class=\"_ _1\"></span> i comparti de<span class=\"_ _1\"></span>l fondo pensi<span class=\"_ _1\"></span>one aperto A<span class=\"_ _1\"></span>rti &amp; Mestieri <span class=\"_ _1\"></span>\u201cGaranzia 1+\u201d e<span class=\"_ _1\"></span>d \u201cIncremento <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>Gar<span class=\"_ _0\"></span>anzia <span class=\"_ _0\"></span>5+\u201d, <span class=\"_ _b\"></span>nonch\u00e9 <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>compar<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>\u201cL<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ea <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>ara<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span>ta\u201d <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>fondo <span class=\"_ _b\"></span>pensio<span class=\"_ _1\"></span>ne <span class=\"_ _b\"></span>negoziale Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>I<span class=\"_ _1\"></span>CBPI <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>delega, <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>corresponsi<span class=\"_ _1\"></span>one <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>im<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _f\"> </span>minimo<span class=\"_ _1\"></span>, <span class=\"_ _f\"> </span>pari <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>sottoscritto<span class=\"_ _1\"></span> dall\u2019aderente indipe<span class=\"_ _1\"></span>ndentemente dai <span class=\"_ _1\"></span>risultati di gest<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>.<span class=\"_ _4a1\"> </span>Altri fondi per r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>schi ed one<span class=\"_ _1\"></span>ri Gli altri <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndi per <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>neri <span class=\"_ _1\"></span>accolgon<span class=\"_ _1\"></span>o gli <span class=\"_ _3\"></span>ac<span class=\"_ _0\"></span>ca<span class=\"_ _1\"></span>ntonamenti <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>elati<span class=\"_ _1\"></span>vi ad <span class=\"_ _1\"></span>obbligazioni <span class=\"_ _1\"></span>legali <span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>conn<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>si a <span class=\"_ _b\"></span>rapporti <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>lav<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ro <span class=\"_ _b\"></span>oppure <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>contenziosi, <span class=\"_ _b\"></span>anche <span class=\"_ _b\"></span>fiscali, <span class=\"_ _b\"></span>originati <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>ev<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _b\"></span>passa<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>q<span class=\"_ _0\"></span>uali <span class=\"_ _b\"></span>sia probabile <span class=\"_ _6\"></span>l\u2019esborso <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>ri<span class=\"_ _0\"></span>so<span class=\"_ _1\"></span>rse <span class=\"_ _6\"></span>economiche <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>l\u2019adempiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span>le<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>obbligazi<span class=\"_ _1\"></span>oni <span class=\"_ _f\"></span>stesse<span class=\"_ _3\"></span>, <span class=\"_ _f\"> </span>se<span class=\"_ _1\"></span>mpre <span class=\"_ _6\"></span>che possa <span class=\"_ _f\"> </span>essere <span class=\"_ _f\"></span>ef<span class=\"_ _1\"></span>fettuata <span class=\"_ _6\"></span>u<span class=\"_ _0\"></span>na <span class=\"_ _f\"> </span>stima<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>attendibile <span class=\"_ _f\"> </span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>relativo <span class=\"_ _f\"> </span>ammontare. <span class=\"_ _f\"></span>Tali <span class=\"_ _6\"></span>fondi <span class=\"_ _f\"> </span>inoltre <span class=\"_ _f\"> </span>a<span class=\"_ _1\"></span>ccolgono l\u2019accantonamento de<span class=\"_ _1\"></span>gli oneri del pe<span class=\"_ _1\"></span>rsonale per la c<span class=\"_ _1\"></span>omponente di remunerazi<span class=\"_ _1\"></span>one variabile.<span class=\"_ _3\"></span> Conseguentemente, la<span class=\"_ _1\"></span> rilevazione di <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n acca<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tonamento a<span class=\"_ _1\"></span>vviene se e solo se<span class=\"_ _3\"></span>: <span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">v<span class=\"_ _0\"></span>i \u00e8 <span class=\"_ _1\"></span>un\u2019obbligazione in cor<span class=\"_ _1\"></span>so (legale o impli<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ita) qual<span class=\"_ _3\"></span>e r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ultato di un event<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> passato; </span></span><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">\u00e8 <span class=\"_ _6\"></span>probabile <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>dempiere <span class=\"_ _5\"></span>all\u2019obbligazione <span class=\"_ _b\"></span>si <span class=\"_ _5\"></span>render<span class=\"_ _0\"></span>\u00e0<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>necessario <span class=\"_ _5\"></span>l\u2019impiego<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>risorse <span class=\"_ _6\"></span>atte<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>a </span></span>produrre benefici ec<span class=\"_ _1\"></span>onomici; e<span class=\"_ _1\"></span> <span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">pu\u00f2<span class=\"_ _0\"></span> <span class=\"_ _f5\"> </span>essere <span class=\"_ _f5\"> </span>effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ata <span class=\"_ _91\"> </span>u<span class=\"_ _0\"></span>na <span class=\"_ _f5\"> </span>stima <span class=\"_ _f5\"> </span>atten<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ibile<span class=\"_ _3\"></span> <span class=\"_ _f5\"> </span>d<span class=\"_ _0\"></span>ell\u2019impo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _f5\"> </span>derivante <span class=\"_ _f5\"> </span>dall\u2019a<span class=\"_ _1\"></span>dempimento </span></span>dell\u2019obbligazio<span class=\"_ _1\"></span>ne. L\u2019importo  r<span class=\"_ _0\"></span>ilevato  come <span class=\"_ _c\"> </span>a<span class=\"_ _1\"></span>cc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nto<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>resenta  la <span class=\"_ _c\"> </span>migliore <span class=\"_ _c\"> </span>stima  della <span class=\"_ _c\"> </span>sp<span class=\"_ _1\"></span>esa  r<span class=\"_ _0\"></span>ichiesta  per adempiere <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019obb<span class=\"_ _1\"></span>ligazione esistente alla data <span class=\"_ _0\"></span>di riferimento del bil<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ncio<span class=\"_ _0\"></span> e riflette r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>schi<span class=\"_ _0\"></span> ed inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>tezze<span class=\"_ _1\"></span> che <span class=\"_ _0\"></span>inevitabilme<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>caratterizzano u<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>pluralit\u00e0 di <span class=\"_ _0\"></span>fatti <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>circostanze. <span class=\"_ _0\"></span>Laddove l\u2019elemento <span class=\"_ _0\"></span>temp<span class=\"_ _1\"></span>orale sia <span class=\"_ _16\"> </span>significativo, <span class=\"_ _16\"> </span>gli <span class=\"_ _16\"> </span>accanto<span class=\"_ _1\"></span>namenti <span class=\"_ _16\"> </span>vengono <span class=\"_ _16\"> </span>attualizzati <span class=\"_ _c\"> </span>util<span class=\"_ _0\"></span>izzan<span class=\"_ _3\"></span>do <span class=\"_ _1f\"> </span>i <span class=\"_ _16\"> </span>tassi <span class=\"_ _16\"> </span>correnti <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>mercat<span class=\"_ _1\"></span>o. L\u2019accantonamento e <span class=\"_ _1\"></span>gli incrementi d<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vuti al <span class=\"_ _1\"></span>fattore <span class=\"_ _1\"></span>temporale sono rile<span class=\"_ _1\"></span>vati a Conto Economi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o. L\u2019accantonamento <span class=\"_ _f\"> </span>viene <span class=\"_ _f\"> </span>stor<span class=\"_ _1\"></span>nato <span class=\"_ _f\"> </span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>divien<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>i<span class=\"_ _0\"></span>mprobabile <span class=\"_ _f\"> </span>l\u2019impie<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>risorse <span class=\"_ _f\"> </span>atte <span class=\"_ _6\"></span>a <span class=\"_ _f\"> </span>pro<span class=\"_ _0\"></span>durre benefici economici p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> adempie<span class=\"_ _1\"></span>re l\u2019obbligazione <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>ure quando si esting<span class=\"_ _1\"></span>ue l\u2019obbligazione.<span class=\"_ _1\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-538": {
   "value": "Fondi per rischi ed one<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span> a<span class=\"_ _1\"></span> fronte di imp<span class=\"_ _1\"></span>egni e gara<span class=\"_ _1\"></span>nzie rilasciate<span class=\"_ _3\"></span> La <span class=\"_ _f\"> </span>sottovoce <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>fondi <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>risc<span class=\"_ _1\"></span>hi <span class=\"_ _f\"> </span>ed <span class=\"_ _f\"></span>o<span class=\"_ _1\"></span>neri <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>esa<span class=\"_ _1\"></span>me <span class=\"_ _f\"> </span>accoglie <span class=\"_ _f\"> </span>le<span class=\"_ _3\"></span>  ga<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>anzie<span class=\"_ _3\"></span>  ri<span class=\"_ _1\"></span>lasciate <span class=\"_ _f\"></span>dalla<span class=\"_ _3\"></span>  c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>rollata Anima SGR ai s<span class=\"_ _1\"></span>ottoscrittori per<span class=\"_ _1\"></span> i comparti de<span class=\"_ _1\"></span>l fondo pensi<span class=\"_ _1\"></span>one aperto A<span class=\"_ _1\"></span>rti &amp; Mestieri <span class=\"_ _1\"></span>\u201cGaranzia 1+\u201d e<span class=\"_ _1\"></span>d \u201cIncremento <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>Gar<span class=\"_ _0\"></span>anzia <span class=\"_ _0\"></span>5+\u201d, <span class=\"_ _b\"></span>nonch\u00e9 <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>compar<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>\u201cL<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ea <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>ara<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span>ta\u201d <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>fondo <span class=\"_ _b\"></span>pensio<span class=\"_ _1\"></span>ne <span class=\"_ _b\"></span>negoziale Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>I<span class=\"_ _1\"></span>CBPI <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>delega, <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>corresponsi<span class=\"_ _1\"></span>one <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>im<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _f\"> </span>minimo<span class=\"_ _1\"></span>, <span class=\"_ _f\"> </span>pari <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>sottoscritto<span class=\"_ _1\"></span> dall\u2019aderente indipe<span class=\"_ _1\"></span>ndentemente dai <span class=\"_ _1\"></span>risultati di gest<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-505": {
   "value": "Fondi per rischi ed one<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span> a<span class=\"_ _1\"></span> fronte di imp<span class=\"_ _1\"></span>egni e gara<span class=\"_ _1\"></span>nzie rilasciate<span class=\"_ _3\"></span> La <span class=\"_ _f\"> </span>sottovoce <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>fondi <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>risc<span class=\"_ _1\"></span>hi <span class=\"_ _f\"> </span>ed <span class=\"_ _f\"></span>o<span class=\"_ _1\"></span>neri <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>esa<span class=\"_ _1\"></span>me <span class=\"_ _f\"> </span>accoglie <span class=\"_ _f\"> </span>le<span class=\"_ _3\"></span>  ga<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>anzie<span class=\"_ _3\"></span>  ri<span class=\"_ _1\"></span>lasciate <span class=\"_ _f\"></span>dalla<span class=\"_ _3\"></span>  c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>rollata Anima SGR ai s<span class=\"_ _1\"></span>ottoscrittori per<span class=\"_ _1\"></span> i comparti de<span class=\"_ _1\"></span>l fondo pensi<span class=\"_ _1\"></span>one aperto A<span class=\"_ _1\"></span>rti &amp; Mestieri <span class=\"_ _1\"></span>\u201cGaranzia 1+\u201d e<span class=\"_ _1\"></span>d \u201cIncremento <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>Gar<span class=\"_ _0\"></span>anzia <span class=\"_ _0\"></span>5+\u201d, <span class=\"_ _b\"></span>nonch\u00e9 <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>compar<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>\u201cL<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ea <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>ara<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span>ta\u201d <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>fondo <span class=\"_ _b\"></span>pensio<span class=\"_ _1\"></span>ne <span class=\"_ _b\"></span>negoziale Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>I<span class=\"_ _1\"></span>CBPI <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>delega, <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>corresponsi<span class=\"_ _1\"></span>one <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>im<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _f\"> </span>minimo<span class=\"_ _1\"></span>, <span class=\"_ _f\"> </span>pari <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>sottoscritto<span class=\"_ _1\"></span> dall\u2019aderente indipe<span class=\"_ _1\"></span>ndentemente dai <span class=\"_ _1\"></span>risultati di gest<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCollateralExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-20": {
   "value": "Altre passivit<span class=\"_ _0\"></span>\u00e0  Le <span class=\"_ _5\"></span>altre <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _b\"></span>accolgono <span class=\"_ _b\"></span>essenzialmente <span class=\"_ _b\"></span>poste <span class=\"_ _b\"></span>non <span class=\"_ _5\"></span>riconducibili <span class=\"_ _b\"></span>ad <span class=\"_ _5\"></span>altre <span class=\"_ _b\"></span>voci <span class=\"_ _5\"></span>passive <span class=\"_ _b\"></span>dello <span class=\"_ _5\"></span>stato patrimoniale, <span class=\"_ _b\"></span>tra <span class=\"_ _0\"></span>cui <span class=\"_ _b\"></span>si <span class=\"_ _b\"></span>ricordan<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>debiti <span class=\"_ _b\"></span>de<span class=\"_ _1\"></span>riv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>forniture <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>beni <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>servizi <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>finanziari, <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ate<span class=\"_ _1\"></span>i passivi diversi <span class=\"_ _1\"></span>da quelli da capitalizza<span class=\"_ _1\"></span>re sulle pertin<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>ti pa<span class=\"_ _1\"></span>ssivit\u00e0 finanziarie e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>conti passivi.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-506": {
   "value": "Capital<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>e azioni<span class=\"_ _0\"></span> proprie La voce <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>clude <span class=\"_ _3\"></span>l\u2019i<span class=\"_ _0\"></span>mp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _1\"></span>o del <span class=\"_ _3\"></span>capitale sotto<span class=\"_ _1\"></span>scritto e <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>sato <span class=\"_ _1\"></span>alla dat<span class=\"_ _1\"></span>a di <span class=\"_ _3\"></span>bilancio (si <span class=\"_ _3\"></span>segnala <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> r<span class=\"_ _0\"></span>ip<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtato nel<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o Statuto<span class=\"_ _1\"></span> societario la <span class=\"_ _1\"></span>durata della S<span class=\"_ _1\"></span>ociet\u00e0 \u00e8 fissata<span class=\"_ _1\"></span> sino al 31 dicembre<span class=\"_ _1\"></span> 2050).  Inoltre,  nelle  voci  c<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e  compon<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ono  il  Patrimo<span class=\"_ _1\"></span>nio  Netto  s<span class=\"_ _1\"></span>ono  v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>riz<span class=\"_ _1\"></span>zate  eventuali  azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni  prop<span class=\"_ _1\"></span>rie detenute <span class=\"_ _f\"> </span>dal <span class=\"_ _6\"></span>G<span class=\"_ _0\"></span>rupp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>; <span class=\"_ _f\"></span>q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>este <span class=\"_ _6\"></span>ultime <span class=\"_ _f\"> </span>vengono <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritte <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>bilancio <span class=\"_ _f\"> </span>a <span class=\"_ _f\"></span>v<span class=\"_ _1\"></span>oc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>propria <span class=\"_ _f\"> </span>come <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mponente negativa del Patrim<span class=\"_ _1\"></span>onio Netto.  Nessun <span class=\"_ _3\"></span>util<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>o pe<span class=\"_ _3\"></span>rdi<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>derivante<span class=\"_ _1\"></span> da <span class=\"_ _3\"></span>acquisto, <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>, emiss<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cancellazione <span class=\"_ _3\"></span>di azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _3\"></span>proprie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne iscritto <span class=\"_ _1f\"> </span>al <span class=\"_ _16\"> </span>conto <span class=\"_ _16\"> </span>economico. <span class=\"_ _16\"> </span>Le <span class=\"_ _16\"> </span>differenze <span class=\"_ _16\"> </span>tra <span class=\"_ _16\"> </span>prezzo <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>acqui<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>vendita <span class=\"_ _16\"> </span>derivanti <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>tal<span class=\"_ _1\"></span>i transazioni sono <span class=\"_ _1\"></span>registrate tra le rise<span class=\"_ _1\"></span>rve del patrim<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nio netto<span class=\"_ _3\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-481": {
   "value": "Capital<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>e azioni<span class=\"_ _0\"></span> proprie La voce <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>clude <span class=\"_ _3\"></span>l\u2019i<span class=\"_ _0\"></span>mp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _1\"></span>o del <span class=\"_ _3\"></span>capitale sotto<span class=\"_ _1\"></span>scritto e <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>sato <span class=\"_ _1\"></span>alla dat<span class=\"_ _1\"></span>a di <span class=\"_ _3\"></span>bilancio (si <span class=\"_ _3\"></span>segnala <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> r<span class=\"_ _0\"></span>ip<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtato nel<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o Statuto<span class=\"_ _1\"></span> societario la <span class=\"_ _1\"></span>durata della S<span class=\"_ _1\"></span>ociet\u00e0 \u00e8 fissata<span class=\"_ _1\"></span> sino al 31 dicembre<span class=\"_ _1\"></span> 2050).  Inoltre,  nelle  voci  c<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e  compon<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ono  il  Patrimo<span class=\"_ _1\"></span>nio  Netto  s<span class=\"_ _1\"></span>ono  v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>riz<span class=\"_ _1\"></span>zate  eventuali  azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni  prop<span class=\"_ _1\"></span>rie detenute <span class=\"_ _f\"> </span>dal <span class=\"_ _6\"></span>G<span class=\"_ _0\"></span>rupp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>; <span class=\"_ _f\"></span>q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>este <span class=\"_ _6\"></span>ultime <span class=\"_ _f\"> </span>vengono <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritte <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>bilancio <span class=\"_ _f\"> </span>a <span class=\"_ _f\"></span>v<span class=\"_ _1\"></span>oc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>propria <span class=\"_ _f\"> </span>come <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mponente negativa del Patrim<span class=\"_ _1\"></span>onio Netto.  Nessun <span class=\"_ _3\"></span>util<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>o pe<span class=\"_ _3\"></span>rdi<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>derivante<span class=\"_ _1\"></span> da <span class=\"_ _3\"></span>acquisto, <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ita<span class=\"_ _1\"></span>, emiss<span class=\"_ _1\"></span>ione <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>cancellazione <span class=\"_ _3\"></span>di azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _3\"></span>proprie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne iscritto <span class=\"_ _1f\"> </span>al <span class=\"_ _16\"> </span>conto <span class=\"_ _16\"> </span>economico. <span class=\"_ _16\"> </span>Le <span class=\"_ _16\"> </span>differenze <span class=\"_ _16\"> </span>tra <span class=\"_ _16\"> </span>prezzo <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>acqui<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>vendita <span class=\"_ _16\"> </span>derivanti <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>tal<span class=\"_ _1\"></span>i transazioni sono <span class=\"_ _1\"></span>registrate tra le rise<span class=\"_ _1\"></span>rve del patrim<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nio netto<span class=\"_ _3\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-19": {
   "value": "la durata della Societ\u00e0 \u00e8 fissata sino al 31 dicembre 2050",
   "dimensions": {
    "concept": "ifrs-full:LengthOfLifeOfLimitedLifeEntity",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-507": {
   "value": "Riconoscim<span class=\"_ _0\"></span>ento dei ricavi <span class=\"_ _0\"></span>e dei costi<span class=\"_ _0\"></span> Ricavi d\u2019eserc<span class=\"_ _1\"></span>izio Il riconosciment<span class=\"_ _1\"></span>o dei ricavi avviene att<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>averso le<span class=\"_ _1\"></span> segue<span class=\"_ _1\"></span>nti fasi: 1. identificazione del <span class=\"_ _1\"></span>contratto (o dei c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>ratti) con il cliente<span class=\"_ _3\"></span>; 2. individuazione de<span class=\"_ _1\"></span>lle obbligazioni d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> fa<span class=\"_ _1\"></span>re (o \u201cperformance obli<span class=\"_ _1\"></span>gations\u201d); 3. <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eterminazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> del<span class=\"_ _3\"></span> prezzo <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> transazi<span class=\"_ _1\"></span>one: <span class=\"_ _3\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pre<span class=\"_ _1\"></span>zzo del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nsazione \u00e8 <span class=\"_ _3\"></span>l\u2019importo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>corrispettivo a cui si ritiene di a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ere di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itto in camb<span class=\"_ _1\"></span>io del trasfe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imento a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> cliente <span class=\"_ _1\"></span>dei servizi pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>messi; 4. ripartizione del prezzo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019operazione tra le <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ormance <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bligati<span class=\"_ _1\"></span>ons\u201d del contratt<span class=\"_ _1\"></span>o; 5. <span class=\"_ _d\"> </span>riconoscimento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>ricavo <span class=\"_ _15\"> </span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>momento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _15\"> </span>soddisfacimento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _15\"> </span>\u201cperformance <span class=\"_ _15\"> </span>obligation; specificatamente i rica<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i poss<span class=\"_ _1\"></span>ono essere <span class=\"_ _1\"></span>riconosciu<span class=\"_ _1\"></span>ti: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">in <span class=\"_ _3\"></span>un mo<span class=\"_ _1\"></span>mento p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>ciso, <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do <span class=\"_ _3\"></span>\u00e8 ade<span class=\"_ _1\"></span>mpiuta l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>obbli<span class=\"_ _1\"></span>gazion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> di <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ere<span class=\"_ _1\"></span>ndo al <span class=\"_ _3\"></span>cliente <span class=\"_ _3\"></span>il be<span class=\"_ _1\"></span>ne </span></span>o servizio promess<span class=\"_ _1\"></span>o (\u201cat a point in time\u201d)<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> o -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">nel <span class=\"_ _3\"></span>corso del <span class=\"_ _3\"></span>tempo, ma<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>mano c<span class=\"_ _1\"></span>he \u00e8 <span class=\"_ _3\"></span>adempiuta l<span class=\"_ _3\"></span>\u2019o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligazione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>fare, t<span class=\"_ _1\"></span>rasferend<span class=\"_ _1\"></span>o al <span class=\"_ _1\"></span>clie<span class=\"_ _1\"></span>nte </span></span>il bene o servizio p<span class=\"_ _1\"></span>romesso (\u201cove<span class=\"_ _1\"></span>r time\u201d). Le <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>perative <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _5\"></span>sv<span class=\"_ _0\"></span>olg<span class=\"_ _1\"></span>ono <span class=\"_ _6\"></span>l\u2019attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>tipic<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>delle <span class=\"_ _6\"></span>so<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>iet\u00e0 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>isparmio <span class=\"_ _5\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>i ric<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>derivanti <span class=\"_ _1b\"> </span>dall\u2019attivit\u00e0 <span class=\"_ _1b\"> </span>di <span class=\"_ _19\"> </span>gestione <span class=\"_ _1b\"> </span>dei <span class=\"_ _17\"> </span>p<span class=\"_ _3\"></span>rodo<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _17\"> </span>sono <span class=\"_ _19\"> </span>rappresentati <span class=\"_ _1b\"> </span>principalmente <span class=\"_ _19\"> </span>dalle commissioni di gest<span class=\"_ _1\"></span>ione, dalle <span class=\"_ _1\"></span>commissioni di i<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ntivo <span class=\"_ _0\"></span>e da q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>elle <span class=\"_ _1\"></span>di collocame<span class=\"_ _1\"></span>nto. Le <span class=\"_ _0\"></span>com<span class=\"_ _1\"></span>missioni di gestione <span class=\"_ _0\"></span>e di incen<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o sono collegate al <span class=\"_ _0\"></span>valore di <span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>degli AuM <span class=\"_ _0\"></span>dei prodotti <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> al risultato della l<span class=\"_ _1\"></span>oro gestione.  In <span class=\"_ _0\"></span>particolare, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>commissi<span class=\"_ _1\"></span>one <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gestione <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>calcola<span class=\"_ _3\"></span>ta <span class=\"_ _0\"></span>peri<span class=\"_ _0\"></span>odicame<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>come <span class=\"_ _0\"></span>percent<span class=\"_ _1\"></span>uale <span class=\"_ _0\"></span>applicata <span class=\"_ _0\"></span>sul patrimonio medio <span class=\"_ _1\"></span>del singolo prod<span class=\"_ _1\"></span>otto. Le <span class=\"_ _5\"></span>commissioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>incentivo, <span class=\"_ _b\"></span>invece, <span class=\"_ _b\"></span>vengono <span class=\"_ _b\"></span>applicate <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>taluni <span class=\"_ _b\"></span>prodotti <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>corrisposte <span class=\"_ _b\"></span>a <span class=\"_ _5\"></span>favore <span class=\"_ _b\"></span>delle societ\u00e0 <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>gestione <span class=\"_ _6\"></span>solo <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giungimento <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>eterminati <span class=\"_ _5\"></span>obiettivi <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>rendime<span class=\"_ _1\"></span>nto. <span class=\"_ _6\"></span>In <span class=\"_ _6\"></span>linea <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>ene<span class=\"_ _1\"></span>rale, sono  previste<span class=\"_ _1\"></span>  tre <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferenti <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>riteri <span class=\"_ _f\"> </span>di  app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazione<span class=\"_ _3\"></span>  della  commissione <span class=\"_ _f\"> </span>di  in<span class=\"_ _1\"></span>centivo  in <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ione <span class=\"_ _f\"> </span>della politica <span class=\"_ _3\"></span>d\u2019investimento <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>sin<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>oli <span class=\"_ _3\"></span>fondi: <span class=\"_ _3\"></span>(i) <span class=\"_ _3\"></span>quando <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>performance <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>prod<span class=\"_ _1\"></span>otto <span class=\"_ _1\"></span>supera <span class=\"_ _8\"></span>nell<span class=\"_ _0\"></span>\u2019a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lare oggetto <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ifica<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>indice <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>riferimento<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>un <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _6\"></span>prestabilit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>obiettivo <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>dimento (\u201ccommissione <span class=\"_ _0\"></span>vs. <span class=\"_ _0\"></span>benchmark\u201d), <span class=\"_ _b\"></span>(ii) <span class=\"_ _0\"></span>quando <span class=\"_ _0\"></span> <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>valore <span class=\"_ _0\"></span>unitario <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>quota <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _b\"></span>supera <span class=\"_ _0\"></span>quello <span class=\"_ _0\"></span>pi\u00f9 elevato <span class=\"_ _0\"></span>ma<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>ggiun<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> in <span class=\"_ _0\"></span>pre<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ede<span class=\"_ _1\"></span>nza <span class=\"_ _0\"></span>(\u201ccommiss<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>high <span class=\"_ _0\"></span>watermark assoluto\u201d) e <span class=\"_ _0\"></span>(iii)  q<span class=\"_ _0\"></span>uando il valore unitario <span class=\"_ _0\"></span>della quota <span class=\"_ _0\"></span>sia su<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>iore <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>valore d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>'indice <span class=\"_ _0\"></span>cui si <span class=\"_ _0\"></span>intende far<span class=\"_ _0\"></span>e riferimento <span class=\"_ _0\"></span>(<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>all'obiettivo d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> rendimento) <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _5\"></span>differenza <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ispetto<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>parametro <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>onf<span class=\"_ _1\"></span>ronto <span class=\"_ _5\"></span>prescelto <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>maggiore <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>quella <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>ai realizzata in precede<span class=\"_ _1\"></span>nza (\u201ccommissio<span class=\"_ _1\"></span>ne high water<span class=\"_ _1\"></span>mark relativo\u201d). Infine, <span class=\"_ _f5\"> </span>le <span class=\"_ _f5\"> </span>c<span class=\"_ _0\"></span>ommissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _f5\"> </span>di <span class=\"_ _f5\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>llocamento <span class=\"_ _f5\"> </span>sono <span class=\"_ _f5\"> </span>d<span class=\"_ _0\"></span>eter<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>inate,<span class=\"_ _1\"></span> <span class=\"_ _ce\"> </span>q<span class=\"_ _1\"></span>uando <span class=\"_ _ce\"> </span>previste,<span class=\"_ _3\"></span> <span class=\"_ _ce\"> </span>sul <span class=\"_ _f5\"> </span>capitale com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>col<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>urante il \u201cPerio<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o di <span class=\"_ _3\"></span>Col<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ocamento\u201d. Le commissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i s<span class=\"_ _3\"></span>ono iscritte, s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>lla <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _3\"></span>dell\u2019esistenz<span class=\"_ _3\"></span>a di accordi <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>attuali, <span class=\"_ _3\"></span>nel period<span class=\"_ _1\"></span>o in cui i <span class=\"_ _3\"></span>servizi stessi so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>stati p<span class=\"_ _1\"></span>restati. I<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>particolare, <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esent<span class=\"_ _1\"></span>ando la <span class=\"_ _3\"></span>remunerazione <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>specifiche <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>obbl<span class=\"_ _1\"></span>igazioni di <span class=\"_ _b\"></span>far<span class=\"_ _0\"></span>e\u201d<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>adempiute<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>nei <span class=\"_ _b\"></span>confronti <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>Fondi<span class=\"_ _0\"></span>/Pa<span class=\"_ _1\"></span>trimoni <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>momento <span class=\"_ _5\"></span>prec<span class=\"_ _1\"></span>iso, <span class=\"_ _5\"></span>sono <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vate <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>Conto economico \u201cat a point i<span class=\"_ _1\"></span>n time\u201d. I  ricavi <span class=\"_ _f\"> </span>configurati  da <span class=\"_ _f\"> </span>corrispettivi <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iabi<span class=\"_ _1\"></span>li  (le <span class=\"_ _f\"> </span>commissioni  di <span class=\"_ _f\"> </span>incentivo) <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>gon<span class=\"_ _1\"></span>o  rilevati  a<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>con<span class=\"_ _0\"></span>to economico <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>atten<span class=\"_ _1\"></span>dibilmente <span class=\"_ _0\"></span>st<span class=\"_ _1\"></span>imabili <span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span>icame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>se<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _0\"></span>altamente <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>oba<span class=\"_ _1\"></span>bile <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>tale corr<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>spettivo non <span class=\"_ _6\"></span>debba <span class=\"_ _6\"></span>essere, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>periodi <span class=\"_ _5\"></span>succ<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>ivi, <span class=\"_ _6\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>tu<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>una <span class=\"_ _5\"></span>su<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>sig<span class=\"_ _0\"></span>nificativa, <span class=\"_ _5\"></span>stornato <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _5\"></span>conto economico. In <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> forte <span class=\"_ _b\"></span>pre<span class=\"_ _1\"></span>valenza <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>fatto<span class=\"_ _1\"></span>ri <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>incertezza <span class=\"_ _0\"></span>sulla q<span class=\"_ _0\"></span>uant<span class=\"_ _1\"></span>ificazione <span class=\"_ _0\"></span>del c<span class=\"_ _0\"></span>orrisp<span class=\"_ _1\"></span>ettivo, <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>medesimo sar\u00e0 <span class=\"_ _c\"> </span>rilevato <span class=\"_ _c\"> </span>solo <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>momento <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>cui <span class=\"_ _c\"> </span>tale <span class=\"_ _c\"> </span>incert<span class=\"_ _1\"></span>ezza <span class=\"_ _c\"> </span>verr\u00e0 <span class=\"_ _c\"> </span>risolta. <span class=\"_ _c\"> </span>In <span class=\"_ _c\"> </span>particolare, <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>commissioni determinate <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>metodo <span class=\"_ _b\"></span>\u201cben<span class=\"_ _1\"></span>chmark\u201d <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>rilevate <span class=\"_ _0\"></span>nel <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>onto <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>conomico <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>gestione solo <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>termine dell\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>iferimento, quando possono considerarsi definitivame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te maturate a favore della stessa.<span class=\"_ _1\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-540": {
   "value": "Riconoscim<span class=\"_ _0\"></span>ento dei ricavi <span class=\"_ _0\"></span>e dei costi<span class=\"_ _0\"></span> Ricavi d\u2019eserc<span class=\"_ _1\"></span>izio Il riconosciment<span class=\"_ _1\"></span>o dei ricavi avviene att<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>averso le<span class=\"_ _1\"></span> segue<span class=\"_ _1\"></span>nti fasi: 1. identificazione del <span class=\"_ _1\"></span>contratto (o dei c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>ratti) con il cliente<span class=\"_ _3\"></span>; 2. individuazione de<span class=\"_ _1\"></span>lle obbligazioni d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> fa<span class=\"_ _1\"></span>re (o \u201cperformance obli<span class=\"_ _1\"></span>gations\u201d); 3. <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eterminazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> del<span class=\"_ _3\"></span> prezzo <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> transazi<span class=\"_ _1\"></span>one: <span class=\"_ _3\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pre<span class=\"_ _1\"></span>zzo del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nsazione \u00e8 <span class=\"_ _3\"></span>l\u2019importo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>corrispettivo a cui si ritiene di a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ere di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itto in camb<span class=\"_ _1\"></span>io del trasfe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imento a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> cliente <span class=\"_ _1\"></span>dei servizi pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>messi; 4. ripartizione del prezzo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019operazione tra le <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ormance <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bligati<span class=\"_ _1\"></span>ons\u201d del contratt<span class=\"_ _1\"></span>o; 5. <span class=\"_ _d\"> </span>riconoscimento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>ricavo <span class=\"_ _15\"> </span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>momento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _15\"> </span>soddisfacimento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _15\"> </span>\u201cperformance <span class=\"_ _15\"> </span>obligation; specificatamente i rica<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i poss<span class=\"_ _1\"></span>ono essere <span class=\"_ _1\"></span>riconosciu<span class=\"_ _1\"></span>ti: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">in <span class=\"_ _3\"></span>un mo<span class=\"_ _1\"></span>mento p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>ciso, <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do <span class=\"_ _3\"></span>\u00e8 ade<span class=\"_ _1\"></span>mpiuta l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>obbli<span class=\"_ _1\"></span>gazion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> di <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ere<span class=\"_ _1\"></span>ndo al <span class=\"_ _3\"></span>cliente <span class=\"_ _3\"></span>il be<span class=\"_ _1\"></span>ne </span></span>o servizio promess<span class=\"_ _1\"></span>o (\u201cat a point in time\u201d)<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> o -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">nel <span class=\"_ _3\"></span>corso del <span class=\"_ _3\"></span>tempo, ma<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>mano c<span class=\"_ _1\"></span>he \u00e8 <span class=\"_ _3\"></span>adempiuta l<span class=\"_ _3\"></span>\u2019o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligazione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>fare, t<span class=\"_ _1\"></span>rasferend<span class=\"_ _1\"></span>o al <span class=\"_ _1\"></span>clie<span class=\"_ _1\"></span>nte </span></span>il bene o servizio p<span class=\"_ _1\"></span>romesso (\u201cove<span class=\"_ _1\"></span>r time\u201d). Le <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>perative <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _5\"></span>sv<span class=\"_ _0\"></span>olg<span class=\"_ _1\"></span>ono <span class=\"_ _6\"></span>l\u2019attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>tipic<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>delle <span class=\"_ _6\"></span>so<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>iet\u00e0 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>isparmio <span class=\"_ _5\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>i ric<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>derivanti <span class=\"_ _1b\"> </span>dall\u2019attivit\u00e0 <span class=\"_ _1b\"> </span>di <span class=\"_ _19\"> </span>gestione <span class=\"_ _1b\"> </span>dei <span class=\"_ _17\"> </span>p<span class=\"_ _3\"></span>rodo<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _17\"> </span>sono <span class=\"_ _19\"> </span>rappresentati <span class=\"_ _1b\"> </span>principalmente <span class=\"_ _19\"> </span>dalle commissioni di gest<span class=\"_ _1\"></span>ione, dalle <span class=\"_ _1\"></span>commissioni di i<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ntivo <span class=\"_ _0\"></span>e da q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>elle <span class=\"_ _1\"></span>di collocame<span class=\"_ _1\"></span>nto. Le <span class=\"_ _0\"></span>com<span class=\"_ _1\"></span>missioni di gestione <span class=\"_ _0\"></span>e di incen<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o sono collegate al <span class=\"_ _0\"></span>valore di <span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>degli AuM <span class=\"_ _0\"></span>dei prodotti <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> al risultato della l<span class=\"_ _1\"></span>oro gestione.  In <span class=\"_ _0\"></span>particolare, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>commissi<span class=\"_ _1\"></span>one <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gestione <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>calcola<span class=\"_ _3\"></span>ta <span class=\"_ _0\"></span>peri<span class=\"_ _0\"></span>odicame<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>come <span class=\"_ _0\"></span>percent<span class=\"_ _1\"></span>uale <span class=\"_ _0\"></span>applicata <span class=\"_ _0\"></span>sul patrimonio medio <span class=\"_ _1\"></span>del singolo prod<span class=\"_ _1\"></span>otto. Le <span class=\"_ _5\"></span>commissioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>incentivo, <span class=\"_ _b\"></span>invece, <span class=\"_ _b\"></span>vengono <span class=\"_ _b\"></span>applicate <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>taluni <span class=\"_ _b\"></span>prodotti <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>corrisposte <span class=\"_ _b\"></span>a <span class=\"_ _5\"></span>favore <span class=\"_ _b\"></span>delle societ\u00e0 <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>gestione <span class=\"_ _6\"></span>solo <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giungimento <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>eterminati <span class=\"_ _5\"></span>obiettivi <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>rendime<span class=\"_ _1\"></span>nto. <span class=\"_ _6\"></span>In <span class=\"_ _6\"></span>linea <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>ene<span class=\"_ _1\"></span>rale, sono  previste<span class=\"_ _1\"></span>  tre <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferenti <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>riteri <span class=\"_ _f\"> </span>di  app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazione<span class=\"_ _3\"></span>  della  commissione <span class=\"_ _f\"> </span>di  in<span class=\"_ _1\"></span>centivo  in <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ione <span class=\"_ _f\"> </span>della politica <span class=\"_ _3\"></span>d\u2019investimento <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>sin<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>oli <span class=\"_ _3\"></span>fondi: <span class=\"_ _3\"></span>(i) <span class=\"_ _3\"></span>quando <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>performance <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>prod<span class=\"_ _1\"></span>otto <span class=\"_ _1\"></span>supera <span class=\"_ _8\"></span>nell<span class=\"_ _0\"></span>\u2019a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lare oggetto <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ifica<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>indice <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>riferimento<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>un <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _6\"></span>prestabilit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>obiettivo <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>dimento (\u201ccommissione <span class=\"_ _0\"></span>vs. <span class=\"_ _0\"></span>benchmark\u201d), <span class=\"_ _b\"></span>(ii) <span class=\"_ _0\"></span>quando <span class=\"_ _0\"></span> <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>valore <span class=\"_ _0\"></span>unitario <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>quota <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _b\"></span>supera <span class=\"_ _0\"></span>quello <span class=\"_ _0\"></span>pi\u00f9 elevato <span class=\"_ _0\"></span>ma<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>ggiun<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> in <span class=\"_ _0\"></span>pre<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ede<span class=\"_ _1\"></span>nza <span class=\"_ _0\"></span>(\u201ccommiss<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>high <span class=\"_ _0\"></span>watermark assoluto\u201d) e <span class=\"_ _0\"></span>(iii)  q<span class=\"_ _0\"></span>uando il valore unitario <span class=\"_ _0\"></span>della quota <span class=\"_ _0\"></span>sia su<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>iore <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>valore d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>'indice <span class=\"_ _0\"></span>cui si <span class=\"_ _0\"></span>intende far<span class=\"_ _0\"></span>e riferimento <span class=\"_ _0\"></span>(<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>all'obiettivo d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> rendimento) <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _5\"></span>differenza <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ispetto<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>parametro <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>onf<span class=\"_ _1\"></span>ronto <span class=\"_ _5\"></span>prescelto <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>maggiore <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>quella <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>ai realizzata in precede<span class=\"_ _1\"></span>nza (\u201ccommissio<span class=\"_ _1\"></span>ne high water<span class=\"_ _1\"></span>mark relativo\u201d). Infine, <span class=\"_ _f5\"> </span>le <span class=\"_ _f5\"> </span>c<span class=\"_ _0\"></span>ommissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _f5\"> </span>di <span class=\"_ _f5\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>llocamento <span class=\"_ _f5\"> </span>sono <span class=\"_ _f5\"> </span>d<span class=\"_ _0\"></span>eter<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>inate,<span class=\"_ _1\"></span> <span class=\"_ _ce\"> </span>q<span class=\"_ _1\"></span>uando <span class=\"_ _ce\"> </span>previste,<span class=\"_ _3\"></span> <span class=\"_ _ce\"> </span>sul <span class=\"_ _f5\"> </span>capitale com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>col<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>urante il \u201cPerio<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o di <span class=\"_ _3\"></span>Col<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ocamento\u201d. Le commissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i s<span class=\"_ _3\"></span>ono iscritte, s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>lla <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _3\"></span>dell\u2019esistenz<span class=\"_ _3\"></span>a di accordi <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>attuali, <span class=\"_ _3\"></span>nel period<span class=\"_ _1\"></span>o in cui i <span class=\"_ _3\"></span>servizi stessi so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>stati p<span class=\"_ _1\"></span>restati. I<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>particolare, <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esent<span class=\"_ _1\"></span>ando la <span class=\"_ _3\"></span>remunerazione <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>specifiche <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>obbl<span class=\"_ _1\"></span>igazioni di <span class=\"_ _b\"></span>far<span class=\"_ _0\"></span>e\u201d<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>adempiute<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>nei <span class=\"_ _b\"></span>confronti <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>Fondi<span class=\"_ _0\"></span>/Pa<span class=\"_ _1\"></span>trimoni <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>momento <span class=\"_ _5\"></span>prec<span class=\"_ _1\"></span>iso, <span class=\"_ _5\"></span>sono <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vate <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>Conto economico \u201cat a point i<span class=\"_ _1\"></span>n time\u201d. I  ricavi <span class=\"_ _f\"> </span>configurati  da <span class=\"_ _f\"> </span>corrispettivi <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iabi<span class=\"_ _1\"></span>li  (le <span class=\"_ _f\"> </span>commissioni  di <span class=\"_ _f\"> </span>incentivo) <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>gon<span class=\"_ _1\"></span>o  rilevati  a<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>con<span class=\"_ _0\"></span>to economico <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>atten<span class=\"_ _1\"></span>dibilmente <span class=\"_ _0\"></span>st<span class=\"_ _1\"></span>imabili <span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span>icame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>se<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _0\"></span>altamente <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>oba<span class=\"_ _1\"></span>bile <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>tale corr<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>spettivo non <span class=\"_ _6\"></span>debba <span class=\"_ _6\"></span>essere, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>periodi <span class=\"_ _5\"></span>succ<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>ivi, <span class=\"_ _6\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>tu<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>una <span class=\"_ _5\"></span>su<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>sig<span class=\"_ _0\"></span>nificativa, <span class=\"_ _5\"></span>stornato <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _5\"></span>conto economico. In <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> forte <span class=\"_ _b\"></span>pre<span class=\"_ _1\"></span>valenza <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>fatto<span class=\"_ _1\"></span>ri <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>incertezza <span class=\"_ _0\"></span>sulla q<span class=\"_ _0\"></span>uant<span class=\"_ _1\"></span>ificazione <span class=\"_ _0\"></span>del c<span class=\"_ _0\"></span>orrisp<span class=\"_ _1\"></span>ettivo, <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>medesimo sar\u00e0 <span class=\"_ _c\"> </span>rilevato <span class=\"_ _c\"> </span>solo <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>momento <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>cui <span class=\"_ _c\"> </span>tale <span class=\"_ _c\"> </span>incert<span class=\"_ _1\"></span>ezza <span class=\"_ _c\"> </span>verr\u00e0 <span class=\"_ _c\"> </span>risolta. <span class=\"_ _c\"> </span>In <span class=\"_ _c\"> </span>particolare, <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>commissioni determinate <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>metodo <span class=\"_ _b\"></span>\u201cben<span class=\"_ _1\"></span>chmark\u201d <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>rilevate <span class=\"_ _0\"></span>nel <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>onto <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>conomico <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>gestione solo <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>termine dell\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>iferimento, quando possono considerarsi definitivame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te maturate a favore della stessa.<span class=\"_ _1\"></span> Costi d\u2019eserci<span class=\"_ _0\"></span>zio I costi <span class=\"_ _3\"></span>d\u2019esercizio s<span class=\"_ _1\"></span>ono de<span class=\"_ _3\"></span>crem<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ei<span class=\"_ _1\"></span> bene<span class=\"_ _1\"></span>fici e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mici <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>competenza <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019ese<span class=\"_ _3\"></span>rci<span class=\"_ _0\"></span>zio <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>mministrativo che <span class=\"_ _1f\"> </span>si <span class=\"_ _1f\"> </span>manifestano <span class=\"_ _1f\"> </span>sotto <span class=\"_ _1f\"> </span>forma <span class=\"_ _1f\"> </span>di <span class=\"_ _16\"> </span>flussi <span class=\"_ _1f\"> </span>finanziari <span class=\"_ _1f\"> </span>in <span class=\"_ _1f\"> </span>uscita <span class=\"_ _16\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>ri<span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>zione <span class=\"_ _16\"> </span>di <span class=\"_ _1f\"> </span>valore <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>attivit\u00e0 <span class=\"_ _1f\"> </span>o sostenimento <span class=\"_ _6\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>si <span class=\"_ _f\"> </span>co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cretizza<span class=\"_ _1\"></span>no <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>remen<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>pat<span class=\"_ _1\"></span>rimonio <span class=\"_ _f\"> </span>netto, <span class=\"_ _6\"></span>diversi <span class=\"_ _f\"> </span>da <span class=\"_ _6\"></span>qu<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> relativi <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>distribuzioni <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>coloro <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>partecipano <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>capitale. <span class=\"_ _0\"></span>I <span class=\"_ _0\"></span>costi <span class=\"_ _0\"></span>comprendono <span class=\"_ _0\"></span>anche <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>perdite. <span class=\"_ _0\"></span>I costi e le perdite s<span class=\"_ _1\"></span>orgono nel cors<span class=\"_ _1\"></span>o dell\u2019attivit\u00e0 o<span class=\"_ _1\"></span>rdinaria.  I costi sono contabilizz<span class=\"_ _1\"></span>ati secondo il pr<span class=\"_ _1\"></span>incipio della <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompete<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za e qua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o sostenuti. Un costo \u00e8 consi<span class=\"_ _1\"></span>derato sostenut<span class=\"_ _1\"></span>o quando: <span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">n<span class=\"_ _0\"></span>e \u00e8 dive<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta certa l\u2019es<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>stenza;<span class=\"_ _3\"></span> </span></span><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">\u00e8 d<span class=\"_ _0\"></span>eterm<span class=\"_ _1\"></span>inabile in mod<span class=\"_ _1\"></span>o obiettivo l\u2019ammonta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e; </span></span><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">n<span class=\"_ _0\"></span>ella <span class=\"_ _1\"></span>sostanza <span class=\"_ _3\"></span>dell\u2019operazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne, <span class=\"_ _3\"></span>\u00e8 po<span class=\"_ _3\"></span>ssi<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>ile <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>contare <span class=\"_ _3\"></span>che l\u2019impresa<span class=\"_ _3\"></span> ha <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>quel<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>osto in<span class=\"_ _3\"></span> base<span class=\"_ _1\"></span> </span></span>al principio di compete<span class=\"_ _1\"></span>nza Il <span class=\"_ _0\"></span>costo d<span class=\"_ _0\"></span>i acquisto <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>merci <span class=\"_ _0\"></span>e prodotti d<span class=\"_ _0\"></span>i consumo \u00e8 <span class=\"_ _0\"></span>ricompreso <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>ila<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cio alla <span class=\"_ _0\"></span>data d<span class=\"_ _0\"></span>el passaggio<span class=\"_ _0\"></span> dei rischi e dei benefici che pu\u00f2 c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>incidere <span class=\"_ _1\"></span>con la data di consegna de<span class=\"_ _1\"></span>gli stessi o, se ante<span class=\"_ _1\"></span>riore, al mo<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>nto del passaggio della pr<span class=\"_ _1\"></span>opriet\u00e0. I <span class=\"_ _91\"> </span>costi <span class=\"_ _91\"> </span>p<span class=\"_ _1\"></span>er <span class=\"_ _91\"> </span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>poste<span class=\"_ _3\"></span> <span class=\"_ _91\"> </span>indirette <span class=\"_ _21\"> </span>sorgono <span class=\"_ _91\"> </span>al <span class=\"_ _21\"> </span>moment<span class=\"_ _1\"></span>o <span class=\"_ _21\"> </span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019operazione <span class=\"_ _21\"> </span>commerciale <span class=\"_ _21\"> </span>sogg<span class=\"_ _0\"></span>etta<span class=\"_ _1\"></span> all\u2019imposizione. I costi per i<span class=\"_ _3\"></span>mpo<span class=\"_ _0\"></span>ste <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>rette<span class=\"_ _3\"></span> si<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ani<span class=\"_ _1\"></span>festano al mo<span class=\"_ _1\"></span>mento in <span class=\"_ _1\"></span>cui viene deter<span class=\"_ _1\"></span>minato il <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>elativo p<span class=\"_ _3\"></span>resu<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>osto, cio<span class=\"_ _0\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>sede <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>  c<span class=\"_ _1\"></span>hiusura <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>bilancio <span class=\"_ _f\"> </span>d\u2019ese<span class=\"_ _1\"></span>rcizio; <span class=\"_ _6\"></span>una <span class=\"_ _f\"> </span>stima <span class=\"_ _f\"> </span>attendibi<span class=\"_ _1\"></span>le <span class=\"_ _f\"></span>vie<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>effettuata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>anche <span class=\"_ _f\"> </span>nella predisposizione de<span class=\"_ _1\"></span>lle situazioni inf<span class=\"_ _1\"></span>ra-annuali. I costi sono val<span class=\"_ _1\"></span>utati al fair value dell\u2019a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>ontare pagato o da pa<span class=\"_ _1\"></span>gare. I c<span class=\"_ _0\"></span>osti dei servizi, in q<span class=\"_ _0\"></span>ua<span class=\"_ _1\"></span>nto r<span class=\"_ _0\"></span>em<span class=\"_ _1\"></span>unerazione di fattori <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>oduttivi, sono di <span class=\"_ _0\"></span>competenza<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll\u2019esercizio n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> quale <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>m<span class=\"_ _0\"></span>edesi<span class=\"_ _1\"></span>mi <span class=\"_ _6\"></span>fattor<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _6\"></span>produzione <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>utilizzati <span class=\"_ _f\"> </span>per <span class=\"_ _5\"></span>conseguire <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>icavi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dita <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>i prodotti <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>dei  servizi. <span class=\"_ _c\"> </span>In<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>merito  alla  r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levazione  dei  c<span class=\"_ _0\"></span>ost<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>ostenuti <span class=\"_ _c\"> </span>per<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>le  prestazioni  di <span class=\"_ _c\"> </span>ser<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>izio,<span class=\"_ _3\"></span> generalmente si <span class=\"_ _1\"></span>fa riferimento alle temp<span class=\"_ _1\"></span>istiche di p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estazione<span class=\"_ _1\"></span> del servizio da pa<span class=\"_ _1\"></span>rte di entit\u00e0 te<span class=\"_ _1\"></span>rze.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-539": {
   "value": "Riconoscim<span class=\"_ _0\"></span>ento dei ricavi <span class=\"_ _0\"></span>e dei costi<span class=\"_ _0\"></span> Ricavi d\u2019eserc<span class=\"_ _1\"></span>izio Il riconosciment<span class=\"_ _1\"></span>o dei ricavi avviene att<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>averso le<span class=\"_ _1\"></span> segue<span class=\"_ _1\"></span>nti fasi: 1. identificazione del <span class=\"_ _1\"></span>contratto (o dei c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>ratti) con il cliente<span class=\"_ _3\"></span>; 2. individuazione de<span class=\"_ _1\"></span>lle obbligazioni d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> fa<span class=\"_ _1\"></span>re (o \u201cperformance obli<span class=\"_ _1\"></span>gations\u201d); 3. <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eterminazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> del<span class=\"_ _3\"></span> prezzo <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> transazi<span class=\"_ _1\"></span>one: <span class=\"_ _3\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pre<span class=\"_ _1\"></span>zzo del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nsazione \u00e8 <span class=\"_ _3\"></span>l\u2019importo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>corrispettivo a cui si ritiene di a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ere di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itto in camb<span class=\"_ _1\"></span>io del trasfe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imento a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> cliente <span class=\"_ _1\"></span>dei servizi pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>messi; 4. ripartizione del prezzo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019operazione tra le <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ormance <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bligati<span class=\"_ _1\"></span>ons\u201d del contratt<span class=\"_ _1\"></span>o; 5. <span class=\"_ _d\"> </span>riconoscimento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>ricavo <span class=\"_ _15\"> </span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>momento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _15\"> </span>soddisfacimento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _15\"> </span>\u201cperformance <span class=\"_ _15\"> </span>obligation; specificatamente i rica<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i poss<span class=\"_ _1\"></span>ono essere <span class=\"_ _1\"></span>riconosciu<span class=\"_ _1\"></span>ti: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">in <span class=\"_ _3\"></span>un mo<span class=\"_ _1\"></span>mento p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>ciso, <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do <span class=\"_ _3\"></span>\u00e8 ade<span class=\"_ _1\"></span>mpiuta l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>obbli<span class=\"_ _1\"></span>gazion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> di <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ere<span class=\"_ _1\"></span>ndo al <span class=\"_ _3\"></span>cliente <span class=\"_ _3\"></span>il be<span class=\"_ _1\"></span>ne </span></span>o servizio promess<span class=\"_ _1\"></span>o (\u201cat a point in time\u201d)<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> o -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">nel <span class=\"_ _3\"></span>corso del <span class=\"_ _3\"></span>tempo, ma<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>mano c<span class=\"_ _1\"></span>he \u00e8 <span class=\"_ _3\"></span>adempiuta l<span class=\"_ _3\"></span>\u2019o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligazione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>fare, t<span class=\"_ _1\"></span>rasferend<span class=\"_ _1\"></span>o al <span class=\"_ _1\"></span>clie<span class=\"_ _1\"></span>nte </span></span>il bene o servizio p<span class=\"_ _1\"></span>romesso (\u201cove<span class=\"_ _1\"></span>r time\u201d). Le <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>perative <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _5\"></span>sv<span class=\"_ _0\"></span>olg<span class=\"_ _1\"></span>ono <span class=\"_ _6\"></span>l\u2019attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>tipic<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>delle <span class=\"_ _6\"></span>so<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>iet\u00e0 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>isparmio <span class=\"_ _5\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>i ric<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>derivanti <span class=\"_ _1b\"> </span>dall\u2019attivit\u00e0 <span class=\"_ _1b\"> </span>di <span class=\"_ _19\"> </span>gestione <span class=\"_ _1b\"> </span>dei <span class=\"_ _17\"> </span>p<span class=\"_ _3\"></span>rodo<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _17\"> </span>sono <span class=\"_ _19\"> </span>rappresentati <span class=\"_ _1b\"> </span>principalmente <span class=\"_ _19\"> </span>dalle commissioni di gest<span class=\"_ _1\"></span>ione, dalle <span class=\"_ _1\"></span>commissioni di i<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ntivo <span class=\"_ _0\"></span>e da q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>elle <span class=\"_ _1\"></span>di collocame<span class=\"_ _1\"></span>nto. Le <span class=\"_ _0\"></span>com<span class=\"_ _1\"></span>missioni di gestione <span class=\"_ _0\"></span>e di incen<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o sono collegate al <span class=\"_ _0\"></span>valore di <span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>degli AuM <span class=\"_ _0\"></span>dei prodotti <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> al risultato della l<span class=\"_ _1\"></span>oro gestione.  In <span class=\"_ _0\"></span>particolare, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>commissi<span class=\"_ _1\"></span>one <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gestione <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>calcola<span class=\"_ _3\"></span>ta <span class=\"_ _0\"></span>peri<span class=\"_ _0\"></span>odicame<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>come <span class=\"_ _0\"></span>percent<span class=\"_ _1\"></span>uale <span class=\"_ _0\"></span>applicata <span class=\"_ _0\"></span>sul patrimonio medio <span class=\"_ _1\"></span>del singolo prod<span class=\"_ _1\"></span>otto. Le <span class=\"_ _5\"></span>commissioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>incentivo, <span class=\"_ _b\"></span>invece, <span class=\"_ _b\"></span>vengono <span class=\"_ _b\"></span>applicate <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>taluni <span class=\"_ _b\"></span>prodotti <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>corrisposte <span class=\"_ _b\"></span>a <span class=\"_ _5\"></span>favore <span class=\"_ _b\"></span>delle societ\u00e0 <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>gestione <span class=\"_ _6\"></span>solo <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giungimento <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>eterminati <span class=\"_ _5\"></span>obiettivi <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>rendime<span class=\"_ _1\"></span>nto. <span class=\"_ _6\"></span>In <span class=\"_ _6\"></span>linea <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>ene<span class=\"_ _1\"></span>rale, sono  previste<span class=\"_ _1\"></span>  tre <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferenti <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>riteri <span class=\"_ _f\"> </span>di  app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazione<span class=\"_ _3\"></span>  della  commissione <span class=\"_ _f\"> </span>di  in<span class=\"_ _1\"></span>centivo  in <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ione <span class=\"_ _f\"> </span>della politica <span class=\"_ _3\"></span>d\u2019investimento <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>sin<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>oli <span class=\"_ _3\"></span>fondi: <span class=\"_ _3\"></span>(i) <span class=\"_ _3\"></span>quando <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>performance <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>prod<span class=\"_ _1\"></span>otto <span class=\"_ _1\"></span>supera <span class=\"_ _8\"></span>nell<span class=\"_ _0\"></span>\u2019a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lare oggetto <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ifica<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>indice <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>riferimento<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>un <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _6\"></span>prestabilit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>obiettivo <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>dimento (\u201ccommissione <span class=\"_ _0\"></span>vs. <span class=\"_ _0\"></span>benchmark\u201d), <span class=\"_ _b\"></span>(ii) <span class=\"_ _0\"></span>quando <span class=\"_ _0\"></span> <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>valore <span class=\"_ _0\"></span>unitario <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>quota <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _b\"></span>supera <span class=\"_ _0\"></span>quello <span class=\"_ _0\"></span>pi\u00f9 elevato <span class=\"_ _0\"></span>ma<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>ggiun<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> in <span class=\"_ _0\"></span>pre<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ede<span class=\"_ _1\"></span>nza <span class=\"_ _0\"></span>(\u201ccommiss<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>high <span class=\"_ _0\"></span>watermark assoluto\u201d) e <span class=\"_ _0\"></span>(iii)  q<span class=\"_ _0\"></span>uando il valore unitario <span class=\"_ _0\"></span>della quota <span class=\"_ _0\"></span>sia su<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>iore <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>valore d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>'indice <span class=\"_ _0\"></span>cui si <span class=\"_ _0\"></span>intende far<span class=\"_ _0\"></span>e riferimento <span class=\"_ _0\"></span>(<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>all'obiettivo d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> rendimento) <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _5\"></span>differenza <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ispetto<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>parametro <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>onf<span class=\"_ _1\"></span>ronto <span class=\"_ _5\"></span>prescelto <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>maggiore <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>quella <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>ai realizzata in precede<span class=\"_ _1\"></span>nza (\u201ccommissio<span class=\"_ _1\"></span>ne high water<span class=\"_ _1\"></span>mark relativo\u201d). Infine, <span class=\"_ _f5\"> </span>le <span class=\"_ _f5\"> </span>c<span class=\"_ _0\"></span>ommissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _f5\"> </span>di <span class=\"_ _f5\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>llocamento <span class=\"_ _f5\"> </span>sono <span class=\"_ _f5\"> </span>d<span class=\"_ _0\"></span>eter<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>inate,<span class=\"_ _1\"></span> <span class=\"_ _ce\"> </span>q<span class=\"_ _1\"></span>uando <span class=\"_ _ce\"> </span>previste,<span class=\"_ _3\"></span> <span class=\"_ _ce\"> </span>sul <span class=\"_ _f5\"> </span>capitale com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>col<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>urante il \u201cPerio<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o di <span class=\"_ _3\"></span>Col<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ocamento\u201d. Le commissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i s<span class=\"_ _3\"></span>ono iscritte, s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>lla <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _3\"></span>dell\u2019esistenz<span class=\"_ _3\"></span>a di accordi <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>attuali, <span class=\"_ _3\"></span>nel period<span class=\"_ _1\"></span>o in cui i <span class=\"_ _3\"></span>servizi stessi so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>stati p<span class=\"_ _1\"></span>restati. I<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>particolare, <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esent<span class=\"_ _1\"></span>ando la <span class=\"_ _3\"></span>remunerazione <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>specifiche <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>obbl<span class=\"_ _1\"></span>igazioni di <span class=\"_ _b\"></span>far<span class=\"_ _0\"></span>e\u201d<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>adempiute<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>nei <span class=\"_ _b\"></span>confronti <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>Fondi<span class=\"_ _0\"></span>/Pa<span class=\"_ _1\"></span>trimoni <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>momento <span class=\"_ _5\"></span>prec<span class=\"_ _1\"></span>iso, <span class=\"_ _5\"></span>sono <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vate <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>Conto economico \u201cat a point i<span class=\"_ _1\"></span>n time\u201d. I  ricavi <span class=\"_ _f\"> </span>configurati  da <span class=\"_ _f\"> </span>corrispettivi <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iabi<span class=\"_ _1\"></span>li  (le <span class=\"_ _f\"> </span>commissioni  di <span class=\"_ _f\"> </span>incentivo) <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>gon<span class=\"_ _1\"></span>o  rilevati  a<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>con<span class=\"_ _0\"></span>to economico <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>atten<span class=\"_ _1\"></span>dibilmente <span class=\"_ _0\"></span>st<span class=\"_ _1\"></span>imabili <span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span>icame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>se<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _0\"></span>altamente <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>oba<span class=\"_ _1\"></span>bile <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>tale corr<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>spettivo non <span class=\"_ _6\"></span>debba <span class=\"_ _6\"></span>essere, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>periodi <span class=\"_ _5\"></span>succ<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>ivi, <span class=\"_ _6\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>tu<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>una <span class=\"_ _5\"></span>su<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>sig<span class=\"_ _0\"></span>nificativa, <span class=\"_ _5\"></span>stornato <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _5\"></span>conto economico. In <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> forte <span class=\"_ _b\"></span>pre<span class=\"_ _1\"></span>valenza <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>fatto<span class=\"_ _1\"></span>ri <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>incertezza <span class=\"_ _0\"></span>sulla q<span class=\"_ _0\"></span>uant<span class=\"_ _1\"></span>ificazione <span class=\"_ _0\"></span>del c<span class=\"_ _0\"></span>orrisp<span class=\"_ _1\"></span>ettivo, <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>medesimo sar\u00e0 <span class=\"_ _c\"> </span>rilevato <span class=\"_ _c\"> </span>solo <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>momento <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>cui <span class=\"_ _c\"> </span>tale <span class=\"_ _c\"> </span>incert<span class=\"_ _1\"></span>ezza <span class=\"_ _c\"> </span>verr\u00e0 <span class=\"_ _c\"> </span>risolta. <span class=\"_ _c\"> </span>In <span class=\"_ _c\"> </span>particolare, <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>commissioni determinate <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>metodo <span class=\"_ _b\"></span>\u201cben<span class=\"_ _1\"></span>chmark\u201d <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>rilevate <span class=\"_ _0\"></span>nel <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>onto <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>conomico <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>gestione solo <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>termine dell\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>iferimento, quando possono considerarsi definitivame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te maturate a favore della stessa.<span class=\"_ _1\"></span> Costi d\u2019eserci<span class=\"_ _0\"></span>zio I costi <span class=\"_ _3\"></span>d\u2019esercizio s<span class=\"_ _1\"></span>ono de<span class=\"_ _3\"></span>crem<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ei<span class=\"_ _1\"></span> bene<span class=\"_ _1\"></span>fici e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mici <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>competenza <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019ese<span class=\"_ _3\"></span>rci<span class=\"_ _0\"></span>zio <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>mministrativo che <span class=\"_ _1f\"> </span>si <span class=\"_ _1f\"> </span>manifestano <span class=\"_ _1f\"> </span>sotto <span class=\"_ _1f\"> </span>forma <span class=\"_ _1f\"> </span>di <span class=\"_ _16\"> </span>flussi <span class=\"_ _1f\"> </span>finanziari <span class=\"_ _1f\"> </span>in <span class=\"_ _1f\"> </span>uscita <span class=\"_ _16\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>ri<span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>zione <span class=\"_ _16\"> </span>di <span class=\"_ _1f\"> </span>valore <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>attivit\u00e0 <span class=\"_ _1f\"> </span>o sostenimento <span class=\"_ _6\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>si <span class=\"_ _f\"> </span>co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cretizza<span class=\"_ _1\"></span>no <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>remen<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>pat<span class=\"_ _1\"></span>rimonio <span class=\"_ _f\"> </span>netto, <span class=\"_ _6\"></span>diversi <span class=\"_ _f\"> </span>da <span class=\"_ _6\"></span>qu<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> relativi <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>distribuzioni <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>coloro <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>partecipano <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>capitale. <span class=\"_ _0\"></span>I <span class=\"_ _0\"></span>costi <span class=\"_ _0\"></span>comprendono <span class=\"_ _0\"></span>anche <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>perdite. <span class=\"_ _0\"></span>I costi e le perdite s<span class=\"_ _1\"></span>orgono nel cors<span class=\"_ _1\"></span>o dell\u2019attivit\u00e0 o<span class=\"_ _1\"></span>rdinaria.  I costi sono contabilizz<span class=\"_ _1\"></span>ati secondo il pr<span class=\"_ _1\"></span>incipio della <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompete<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za e qua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o sostenuti. Un costo \u00e8 consi<span class=\"_ _1\"></span>derato sostenut<span class=\"_ _1\"></span>o quando: <span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">n<span class=\"_ _0\"></span>e \u00e8 dive<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta certa l\u2019es<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>stenza;<span class=\"_ _3\"></span> </span></span><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">\u00e8 d<span class=\"_ _0\"></span>eterm<span class=\"_ _1\"></span>inabile in mod<span class=\"_ _1\"></span>o obiettivo l\u2019ammonta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e; </span></span><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">n<span class=\"_ _0\"></span>ella <span class=\"_ _1\"></span>sostanza <span class=\"_ _3\"></span>dell\u2019operazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne, <span class=\"_ _3\"></span>\u00e8 po<span class=\"_ _3\"></span>ssi<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>ile <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>contare <span class=\"_ _3\"></span>che l\u2019impresa<span class=\"_ _3\"></span> ha <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>quel<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>osto in<span class=\"_ _3\"></span> base<span class=\"_ _1\"></span> </span></span>al principio di compete<span class=\"_ _1\"></span>nza Il <span class=\"_ _0\"></span>costo d<span class=\"_ _0\"></span>i acquisto <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>merci <span class=\"_ _0\"></span>e prodotti d<span class=\"_ _0\"></span>i consumo \u00e8 <span class=\"_ _0\"></span>ricompreso <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>ila<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cio alla <span class=\"_ _0\"></span>data d<span class=\"_ _0\"></span>el passaggio<span class=\"_ _0\"></span> dei rischi e dei benefici che pu\u00f2 c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>incidere <span class=\"_ _1\"></span>con la data di consegna de<span class=\"_ _1\"></span>gli stessi o, se ante<span class=\"_ _1\"></span>riore, al mo<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>nto del passaggio della pr<span class=\"_ _1\"></span>opriet\u00e0. I <span class=\"_ _91\"> </span>costi <span class=\"_ _91\"> </span>p<span class=\"_ _1\"></span>er <span class=\"_ _91\"> </span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>poste<span class=\"_ _3\"></span> <span class=\"_ _91\"> </span>indirette <span class=\"_ _21\"> </span>sorgono <span class=\"_ _91\"> </span>al <span class=\"_ _21\"> </span>moment<span class=\"_ _1\"></span>o <span class=\"_ _21\"> </span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019operazione <span class=\"_ _21\"> </span>commerciale <span class=\"_ _21\"> </span>sogg<span class=\"_ _0\"></span>etta<span class=\"_ _1\"></span> all\u2019imposizione. I costi per i<span class=\"_ _3\"></span>mpo<span class=\"_ _0\"></span>ste <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>rette<span class=\"_ _3\"></span> si<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ani<span class=\"_ _1\"></span>festano al mo<span class=\"_ _1\"></span>mento in <span class=\"_ _1\"></span>cui viene deter<span class=\"_ _1\"></span>minato il <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>elativo p<span class=\"_ _3\"></span>resu<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>osto, cio<span class=\"_ _0\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>sede <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>  c<span class=\"_ _1\"></span>hiusura <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>bilancio <span class=\"_ _f\"> </span>d\u2019ese<span class=\"_ _1\"></span>rcizio; <span class=\"_ _6\"></span>una <span class=\"_ _f\"> </span>stima <span class=\"_ _f\"> </span>attendibi<span class=\"_ _1\"></span>le <span class=\"_ _f\"></span>vie<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>effettuata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>anche <span class=\"_ _f\"> </span>nella predisposizione de<span class=\"_ _1\"></span>lle situazioni inf<span class=\"_ _1\"></span>ra-annuali. I costi sono val<span class=\"_ _1\"></span>utati al fair value dell\u2019a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>ontare pagato o da pa<span class=\"_ _1\"></span>gare. I c<span class=\"_ _0\"></span>osti dei servizi, in q<span class=\"_ _0\"></span>ua<span class=\"_ _1\"></span>nto r<span class=\"_ _0\"></span>em<span class=\"_ _1\"></span>unerazione di fattori <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>oduttivi, sono di <span class=\"_ _0\"></span>competenza<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll\u2019esercizio n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> quale <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>m<span class=\"_ _0\"></span>edesi<span class=\"_ _1\"></span>mi <span class=\"_ _6\"></span>fattor<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _6\"></span>produzione <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>utilizzati <span class=\"_ _f\"> </span>per <span class=\"_ _5\"></span>conseguire <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>icavi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dita <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>i prodotti <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>dei  servizi. <span class=\"_ _c\"> </span>In<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>merito  alla  r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levazione  dei  c<span class=\"_ _0\"></span>ost<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>ostenuti <span class=\"_ _c\"> </span>per<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>le  prestazioni  di <span class=\"_ _c\"> </span>ser<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>izio,<span class=\"_ _3\"></span> generalmente si <span class=\"_ _1\"></span>fa riferimento alle temp<span class=\"_ _1\"></span>istiche di p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estazione<span class=\"_ _1\"></span> del servizio da pa<span class=\"_ _1\"></span>rte di entit\u00e0 te<span class=\"_ _1\"></span>rze.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-525": {
   "value": "Riconoscim<span class=\"_ _0\"></span>ento dei ricavi <span class=\"_ _0\"></span>e dei costi<span class=\"_ _0\"></span> Ricavi d\u2019eserc<span class=\"_ _1\"></span>izio Il riconosciment<span class=\"_ _1\"></span>o dei ricavi avviene att<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>averso le<span class=\"_ _1\"></span> segue<span class=\"_ _1\"></span>nti fasi: 1. identificazione del <span class=\"_ _1\"></span>contratto (o dei c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>ratti) con il cliente<span class=\"_ _3\"></span>; 2. individuazione de<span class=\"_ _1\"></span>lle obbligazioni d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> fa<span class=\"_ _1\"></span>re (o \u201cperformance obli<span class=\"_ _1\"></span>gations\u201d); 3. <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eterminazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> del<span class=\"_ _3\"></span> prezzo <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> transazi<span class=\"_ _1\"></span>one: <span class=\"_ _3\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pre<span class=\"_ _1\"></span>zzo del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nsazione \u00e8 <span class=\"_ _3\"></span>l\u2019importo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>corrispettivo a cui si ritiene di a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ere di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itto in camb<span class=\"_ _1\"></span>io del trasfe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imento a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> cliente <span class=\"_ _1\"></span>dei servizi pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>messi; 4. ripartizione del prezzo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019operazione tra le <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ormance <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bligati<span class=\"_ _1\"></span>ons\u201d del contratt<span class=\"_ _1\"></span>o; 5. <span class=\"_ _d\"> </span>riconoscimento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>ricavo <span class=\"_ _15\"> </span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>momento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _15\"> </span>soddisfacimento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _15\"> </span>\u201cperformance <span class=\"_ _15\"> </span>obligation; specificatamente i rica<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i poss<span class=\"_ _1\"></span>ono essere <span class=\"_ _1\"></span>riconosciu<span class=\"_ _1\"></span>ti: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">in <span class=\"_ _3\"></span>un mo<span class=\"_ _1\"></span>mento p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>ciso, <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do <span class=\"_ _3\"></span>\u00e8 ade<span class=\"_ _1\"></span>mpiuta l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>obbli<span class=\"_ _1\"></span>gazion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> di <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ere<span class=\"_ _1\"></span>ndo al <span class=\"_ _3\"></span>cliente <span class=\"_ _3\"></span>il be<span class=\"_ _1\"></span>ne </span></span>o servizio promess<span class=\"_ _1\"></span>o (\u201cat a point in time\u201d)<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> o -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">nel <span class=\"_ _3\"></span>corso del <span class=\"_ _3\"></span>tempo, ma<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>mano c<span class=\"_ _1\"></span>he \u00e8 <span class=\"_ _3\"></span>adempiuta l<span class=\"_ _3\"></span>\u2019o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligazione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>fare, t<span class=\"_ _1\"></span>rasferend<span class=\"_ _1\"></span>o al <span class=\"_ _1\"></span>clie<span class=\"_ _1\"></span>nte </span></span>il bene o servizio p<span class=\"_ _1\"></span>romesso (\u201cove<span class=\"_ _1\"></span>r time\u201d). Le <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>perative <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _5\"></span>sv<span class=\"_ _0\"></span>olg<span class=\"_ _1\"></span>ono <span class=\"_ _6\"></span>l\u2019attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>tipic<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>delle <span class=\"_ _6\"></span>so<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>iet\u00e0 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>isparmio <span class=\"_ _5\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>i ric<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>derivanti <span class=\"_ _1b\"> </span>dall\u2019attivit\u00e0 <span class=\"_ _1b\"> </span>di <span class=\"_ _19\"> </span>gestione <span class=\"_ _1b\"> </span>dei <span class=\"_ _17\"> </span>p<span class=\"_ _3\"></span>rodo<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _17\"> </span>sono <span class=\"_ _19\"> </span>rappresentati <span class=\"_ _1b\"> </span>principalmente <span class=\"_ _19\"> </span>dalle commissioni di gest<span class=\"_ _1\"></span>ione, dalle <span class=\"_ _1\"></span>commissioni di i<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ntivo <span class=\"_ _0\"></span>e da q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>elle <span class=\"_ _1\"></span>di collocame<span class=\"_ _1\"></span>nto. Le <span class=\"_ _0\"></span>com<span class=\"_ _1\"></span>missioni di gestione <span class=\"_ _0\"></span>e di incen<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o sono collegate al <span class=\"_ _0\"></span>valore di <span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>degli AuM <span class=\"_ _0\"></span>dei prodotti <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> al risultato della l<span class=\"_ _1\"></span>oro gestione.  In <span class=\"_ _0\"></span>particolare, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>commissi<span class=\"_ _1\"></span>one <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gestione <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>calcola<span class=\"_ _3\"></span>ta <span class=\"_ _0\"></span>peri<span class=\"_ _0\"></span>odicame<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>come <span class=\"_ _0\"></span>percent<span class=\"_ _1\"></span>uale <span class=\"_ _0\"></span>applicata <span class=\"_ _0\"></span>sul patrimonio medio <span class=\"_ _1\"></span>del singolo prod<span class=\"_ _1\"></span>otto. Le <span class=\"_ _5\"></span>commissioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>incentivo, <span class=\"_ _b\"></span>invece, <span class=\"_ _b\"></span>vengono <span class=\"_ _b\"></span>applicate <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>taluni <span class=\"_ _b\"></span>prodotti <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>corrisposte <span class=\"_ _b\"></span>a <span class=\"_ _5\"></span>favore <span class=\"_ _b\"></span>delle societ\u00e0 <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>gestione <span class=\"_ _6\"></span>solo <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giungimento <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>eterminati <span class=\"_ _5\"></span>obiettivi <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>rendime<span class=\"_ _1\"></span>nto. <span class=\"_ _6\"></span>In <span class=\"_ _6\"></span>linea <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>ene<span class=\"_ _1\"></span>rale, sono  previste<span class=\"_ _1\"></span>  tre <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferenti <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>riteri <span class=\"_ _f\"> </span>di  app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazione<span class=\"_ _3\"></span>  della  commissione <span class=\"_ _f\"> </span>di  in<span class=\"_ _1\"></span>centivo  in <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ione <span class=\"_ _f\"> </span>della politica <span class=\"_ _3\"></span>d\u2019investimento <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>sin<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>oli <span class=\"_ _3\"></span>fondi: <span class=\"_ _3\"></span>(i) <span class=\"_ _3\"></span>quando <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>performance <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>prod<span class=\"_ _1\"></span>otto <span class=\"_ _1\"></span>supera <span class=\"_ _8\"></span>nell<span class=\"_ _0\"></span>\u2019a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lare oggetto <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ifica<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>indice <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>riferimento<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>un <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _6\"></span>prestabilit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>obiettivo <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>dimento (\u201ccommissione <span class=\"_ _0\"></span>vs. <span class=\"_ _0\"></span>benchmark\u201d), <span class=\"_ _b\"></span>(ii) <span class=\"_ _0\"></span>quando <span class=\"_ _0\"></span> <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>valore <span class=\"_ _0\"></span>unitario <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>quota <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _b\"></span>supera <span class=\"_ _0\"></span>quello <span class=\"_ _0\"></span>pi\u00f9 elevato <span class=\"_ _0\"></span>ma<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>ggiun<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> in <span class=\"_ _0\"></span>pre<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ede<span class=\"_ _1\"></span>nza <span class=\"_ _0\"></span>(\u201ccommiss<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>high <span class=\"_ _0\"></span>watermark assoluto\u201d) e <span class=\"_ _0\"></span>(iii)  q<span class=\"_ _0\"></span>uando il valore unitario <span class=\"_ _0\"></span>della quota <span class=\"_ _0\"></span>sia su<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>iore <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>valore d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>'indice <span class=\"_ _0\"></span>cui si <span class=\"_ _0\"></span>intende far<span class=\"_ _0\"></span>e riferimento <span class=\"_ _0\"></span>(<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>all'obiettivo d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> rendimento) <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _5\"></span>differenza <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ispetto<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>parametro <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>onf<span class=\"_ _1\"></span>ronto <span class=\"_ _5\"></span>prescelto <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>maggiore <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>quella <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>ai realizzata in precede<span class=\"_ _1\"></span>nza (\u201ccommissio<span class=\"_ _1\"></span>ne high water<span class=\"_ _1\"></span>mark relativo\u201d). Infine, <span class=\"_ _f5\"> </span>le <span class=\"_ _f5\"> </span>c<span class=\"_ _0\"></span>ommissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _f5\"> </span>di <span class=\"_ _f5\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>llocamento <span class=\"_ _f5\"> </span>sono <span class=\"_ _f5\"> </span>d<span class=\"_ _0\"></span>eter<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>inate,<span class=\"_ _1\"></span> <span class=\"_ _ce\"> </span>q<span class=\"_ _1\"></span>uando <span class=\"_ _ce\"> </span>previste,<span class=\"_ _3\"></span> <span class=\"_ _ce\"> </span>sul <span class=\"_ _f5\"> </span>capitale com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>col<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>urante il \u201cPerio<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o di <span class=\"_ _3\"></span>Col<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ocamento\u201d. Le commissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i s<span class=\"_ _3\"></span>ono iscritte, s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>lla <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _3\"></span>dell\u2019esistenz<span class=\"_ _3\"></span>a di accordi <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>attuali, <span class=\"_ _3\"></span>nel period<span class=\"_ _1\"></span>o in cui i <span class=\"_ _3\"></span>servizi stessi so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>stati p<span class=\"_ _1\"></span>restati. I<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>particolare, <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esent<span class=\"_ _1\"></span>ando la <span class=\"_ _3\"></span>remunerazione <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>specifiche <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>obbl<span class=\"_ _1\"></span>igazioni di <span class=\"_ _b\"></span>far<span class=\"_ _0\"></span>e\u201d<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>adempiute<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>nei <span class=\"_ _b\"></span>confronti <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>Fondi<span class=\"_ _0\"></span>/Pa<span class=\"_ _1\"></span>trimoni <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>momento <span class=\"_ _5\"></span>prec<span class=\"_ _1\"></span>iso, <span class=\"_ _5\"></span>sono <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vate <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>Conto economico \u201cat a point i<span class=\"_ _1\"></span>n time\u201d. I  ricavi <span class=\"_ _f\"> </span>configurati  da <span class=\"_ _f\"> </span>corrispettivi <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iabi<span class=\"_ _1\"></span>li  (le <span class=\"_ _f\"> </span>commissioni  di <span class=\"_ _f\"> </span>incentivo) <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>gon<span class=\"_ _1\"></span>o  rilevati  a<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>con<span class=\"_ _0\"></span>to economico <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>atten<span class=\"_ _1\"></span>dibilmente <span class=\"_ _0\"></span>st<span class=\"_ _1\"></span>imabili <span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span>icame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>se<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _0\"></span>altamente <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>oba<span class=\"_ _1\"></span>bile <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>tale corr<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>spettivo non <span class=\"_ _6\"></span>debba <span class=\"_ _6\"></span>essere, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>periodi <span class=\"_ _5\"></span>succ<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>ivi, <span class=\"_ _6\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>tu<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>una <span class=\"_ _5\"></span>su<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>sig<span class=\"_ _0\"></span>nificativa, <span class=\"_ _5\"></span>stornato <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _5\"></span>conto economico. In <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> forte <span class=\"_ _b\"></span>pre<span class=\"_ _1\"></span>valenza <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>fatto<span class=\"_ _1\"></span>ri <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>incertezza <span class=\"_ _0\"></span>sulla q<span class=\"_ _0\"></span>uant<span class=\"_ _1\"></span>ificazione <span class=\"_ _0\"></span>del c<span class=\"_ _0\"></span>orrisp<span class=\"_ _1\"></span>ettivo, <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>medesimo sar\u00e0 <span class=\"_ _c\"> </span>rilevato <span class=\"_ _c\"> </span>solo <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>momento <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>cui <span class=\"_ _c\"> </span>tale <span class=\"_ _c\"> </span>incert<span class=\"_ _1\"></span>ezza <span class=\"_ _c\"> </span>verr\u00e0 <span class=\"_ _c\"> </span>risolta. <span class=\"_ _c\"> </span>In <span class=\"_ _c\"> </span>particolare, <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>commissioni determinate <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>metodo <span class=\"_ _b\"></span>\u201cben<span class=\"_ _1\"></span>chmark\u201d <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>rilevate <span class=\"_ _0\"></span>nel <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>onto <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>conomico <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>gestione solo <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>termine dell\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>iferimento, quando possono considerarsi definitivame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te maturate a favore della stessa.<span class=\"_ _1\"></span> Costi d\u2019eserci<span class=\"_ _0\"></span>zio I costi <span class=\"_ _3\"></span>d\u2019esercizio s<span class=\"_ _1\"></span>ono de<span class=\"_ _3\"></span>crem<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ei<span class=\"_ _1\"></span> bene<span class=\"_ _1\"></span>fici e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mici <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>competenza <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019ese<span class=\"_ _3\"></span>rci<span class=\"_ _0\"></span>zio <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>mministrativo che <span class=\"_ _1f\"> </span>si <span class=\"_ _1f\"> </span>manifestano <span class=\"_ _1f\"> </span>sotto <span class=\"_ _1f\"> </span>forma <span class=\"_ _1f\"> </span>di <span class=\"_ _16\"> </span>flussi <span class=\"_ _1f\"> </span>finanziari <span class=\"_ _1f\"> </span>in <span class=\"_ _1f\"> </span>uscita <span class=\"_ _16\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>ri<span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>zione <span class=\"_ _16\"> </span>di <span class=\"_ _1f\"> </span>valore <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>attivit\u00e0 <span class=\"_ _1f\"> </span>o sostenimento <span class=\"_ _6\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>si <span class=\"_ _f\"> </span>co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cretizza<span class=\"_ _1\"></span>no <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>remen<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>pat<span class=\"_ _1\"></span>rimonio <span class=\"_ _f\"> </span>netto, <span class=\"_ _6\"></span>diversi <span class=\"_ _f\"> </span>da <span class=\"_ _6\"></span>qu<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> relativi <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>distribuzioni <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>coloro <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>partecipano <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>capitale. <span class=\"_ _0\"></span>I <span class=\"_ _0\"></span>costi <span class=\"_ _0\"></span>comprendono <span class=\"_ _0\"></span>anche <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>perdite. <span class=\"_ _0\"></span>I costi e le perdite s<span class=\"_ _1\"></span>orgono nel cors<span class=\"_ _1\"></span>o dell\u2019attivit\u00e0 o<span class=\"_ _1\"></span>rdinaria.  I costi sono contabilizz<span class=\"_ _1\"></span>ati secondo il pr<span class=\"_ _1\"></span>incipio della <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompete<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za e qua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o sostenuti. Un costo \u00e8 consi<span class=\"_ _1\"></span>derato sostenut<span class=\"_ _1\"></span>o quando: <span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">n<span class=\"_ _0\"></span>e \u00e8 dive<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta certa l\u2019es<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>stenza;<span class=\"_ _3\"></span> </span></span><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">\u00e8 d<span class=\"_ _0\"></span>eterm<span class=\"_ _1\"></span>inabile in mod<span class=\"_ _1\"></span>o obiettivo l\u2019ammonta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e; </span></span><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">n<span class=\"_ _0\"></span>ella <span class=\"_ _1\"></span>sostanza <span class=\"_ _3\"></span>dell\u2019operazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne, <span class=\"_ _3\"></span>\u00e8 po<span class=\"_ _3\"></span>ssi<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>ile <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>contare <span class=\"_ _3\"></span>che l\u2019impresa<span class=\"_ _3\"></span> ha <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>quel<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>osto in<span class=\"_ _3\"></span> base<span class=\"_ _1\"></span> </span></span>al principio di compete<span class=\"_ _1\"></span>nza Il <span class=\"_ _0\"></span>costo d<span class=\"_ _0\"></span>i acquisto <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>merci <span class=\"_ _0\"></span>e prodotti d<span class=\"_ _0\"></span>i consumo \u00e8 <span class=\"_ _0\"></span>ricompreso <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>ila<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cio alla <span class=\"_ _0\"></span>data d<span class=\"_ _0\"></span>el passaggio<span class=\"_ _0\"></span> dei rischi e dei benefici che pu\u00f2 c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>incidere <span class=\"_ _1\"></span>con la data di consegna de<span class=\"_ _1\"></span>gli stessi o, se ante<span class=\"_ _1\"></span>riore, al mo<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>nto del passaggio della pr<span class=\"_ _1\"></span>opriet\u00e0. I <span class=\"_ _91\"> </span>costi <span class=\"_ _91\"> </span>p<span class=\"_ _1\"></span>er <span class=\"_ _91\"> </span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>poste<span class=\"_ _3\"></span> <span class=\"_ _91\"> </span>indirette <span class=\"_ _21\"> </span>sorgono <span class=\"_ _91\"> </span>al <span class=\"_ _21\"> </span>moment<span class=\"_ _1\"></span>o <span class=\"_ _21\"> </span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019operazione <span class=\"_ _21\"> </span>commerciale <span class=\"_ _21\"> </span>sogg<span class=\"_ _0\"></span>etta<span class=\"_ _1\"></span> all\u2019imposizione. I costi per i<span class=\"_ _3\"></span>mpo<span class=\"_ _0\"></span>ste <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>rette<span class=\"_ _3\"></span> si<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ani<span class=\"_ _1\"></span>festano al mo<span class=\"_ _1\"></span>mento in <span class=\"_ _1\"></span>cui viene deter<span class=\"_ _1\"></span>minato il <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>elativo p<span class=\"_ _3\"></span>resu<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>osto, cio<span class=\"_ _0\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>sede <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>  c<span class=\"_ _1\"></span>hiusura <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>bilancio <span class=\"_ _f\"> </span>d\u2019ese<span class=\"_ _1\"></span>rcizio; <span class=\"_ _6\"></span>una <span class=\"_ _f\"> </span>stima <span class=\"_ _f\"> </span>attendibi<span class=\"_ _1\"></span>le <span class=\"_ _f\"></span>vie<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>effettuata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>anche <span class=\"_ _f\"> </span>nella predisposizione de<span class=\"_ _1\"></span>lle situazioni inf<span class=\"_ _1\"></span>ra-annuali. I costi sono val<span class=\"_ _1\"></span>utati al fair value dell\u2019a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>ontare pagato o da pa<span class=\"_ _1\"></span>gare. I c<span class=\"_ _0\"></span>osti dei servizi, in q<span class=\"_ _0\"></span>ua<span class=\"_ _1\"></span>nto r<span class=\"_ _0\"></span>em<span class=\"_ _1\"></span>unerazione di fattori <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>oduttivi, sono di <span class=\"_ _0\"></span>competenza<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll\u2019esercizio n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> quale <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>m<span class=\"_ _0\"></span>edesi<span class=\"_ _1\"></span>mi <span class=\"_ _6\"></span>fattor<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _6\"></span>produzione <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>utilizzati <span class=\"_ _f\"> </span>per <span class=\"_ _5\"></span>conseguire <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>icavi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dita <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>i prodotti <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>dei  servizi. <span class=\"_ _c\"> </span>In<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>merito  alla  r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levazione  dei  c<span class=\"_ _0\"></span>ost<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>ostenuti <span class=\"_ _c\"> </span>per<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>le  prestazioni  di <span class=\"_ _c\"> </span>ser<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>izio,<span class=\"_ _3\"></span> generalmente si <span class=\"_ _1\"></span>fa riferimento alle temp<span class=\"_ _1\"></span>istiche di p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estazione<span class=\"_ _1\"></span> del servizio da pa<span class=\"_ _1\"></span>rte di entit\u00e0 te<span class=\"_ _1\"></span>rze.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFeeAndCommissionIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-21": {
   "value": "Riconoscim<span class=\"_ _0\"></span>ento dei ricavi <span class=\"_ _0\"></span>e dei costi<span class=\"_ _0\"></span> Ricavi d\u2019eserc<span class=\"_ _1\"></span>izio Il riconosciment<span class=\"_ _1\"></span>o dei ricavi avviene att<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>averso le<span class=\"_ _1\"></span> segue<span class=\"_ _1\"></span>nti fasi: 1. identificazione del <span class=\"_ _1\"></span>contratto (o dei c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>ratti) con il cliente<span class=\"_ _3\"></span>; 2. individuazione de<span class=\"_ _1\"></span>lle obbligazioni d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> fa<span class=\"_ _1\"></span>re (o \u201cperformance obli<span class=\"_ _1\"></span>gations\u201d); 3. <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eterminazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> del<span class=\"_ _3\"></span> prezzo <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> transazi<span class=\"_ _1\"></span>one: <span class=\"_ _3\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pre<span class=\"_ _1\"></span>zzo del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nsazione \u00e8 <span class=\"_ _3\"></span>l\u2019importo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>corrispettivo a cui si ritiene di a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ere di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itto in camb<span class=\"_ _1\"></span>io del trasfe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imento a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> cliente <span class=\"_ _1\"></span>dei servizi pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>messi; 4. ripartizione del prezzo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019operazione tra le <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ormance <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bligati<span class=\"_ _1\"></span>ons\u201d del contratt<span class=\"_ _1\"></span>o; 5. <span class=\"_ _d\"> </span>riconoscimento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>ricavo <span class=\"_ _15\"> </span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>momento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _15\"> </span>soddisfacimento <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _15\"> </span>\u201cperformance <span class=\"_ _15\"> </span>obligation; specificatamente i rica<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i poss<span class=\"_ _1\"></span>ono essere <span class=\"_ _1\"></span>riconosciu<span class=\"_ _1\"></span>ti: -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">in <span class=\"_ _3\"></span>un mo<span class=\"_ _1\"></span>mento p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>ciso, <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do <span class=\"_ _3\"></span>\u00e8 ade<span class=\"_ _1\"></span>mpiuta l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>obbli<span class=\"_ _1\"></span>gazion<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> di <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ere<span class=\"_ _1\"></span>ndo al <span class=\"_ _3\"></span>cliente <span class=\"_ _3\"></span>il be<span class=\"_ _1\"></span>ne </span></span>o servizio promess<span class=\"_ _1\"></span>o (\u201cat a point in time\u201d)<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> o -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">nel <span class=\"_ _3\"></span>corso del <span class=\"_ _3\"></span>tempo, ma<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>mano c<span class=\"_ _1\"></span>he \u00e8 <span class=\"_ _3\"></span>adempiuta l<span class=\"_ _3\"></span>\u2019o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligazione <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>fare, t<span class=\"_ _1\"></span>rasferend<span class=\"_ _1\"></span>o al <span class=\"_ _1\"></span>clie<span class=\"_ _1\"></span>nte </span></span>il bene o servizio p<span class=\"_ _1\"></span>romesso (\u201cove<span class=\"_ _1\"></span>r time\u201d). Le <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>perative <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>Gruppo <span class=\"_ _5\"></span>sv<span class=\"_ _0\"></span>olg<span class=\"_ _1\"></span>ono <span class=\"_ _6\"></span>l\u2019attivit<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _5\"></span>tipic<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>delle <span class=\"_ _6\"></span>so<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>iet\u00e0 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>isparmio <span class=\"_ _5\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>i ric<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>derivanti <span class=\"_ _1b\"> </span>dall\u2019attivit\u00e0 <span class=\"_ _1b\"> </span>di <span class=\"_ _19\"> </span>gestione <span class=\"_ _1b\"> </span>dei <span class=\"_ _17\"> </span>p<span class=\"_ _3\"></span>rodo<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _17\"> </span>sono <span class=\"_ _19\"> </span>rappresentati <span class=\"_ _1b\"> </span>principalmente <span class=\"_ _19\"> </span>dalle commissioni di gest<span class=\"_ _1\"></span>ione, dalle <span class=\"_ _1\"></span>commissioni di i<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ntivo <span class=\"_ _0\"></span>e da q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>elle <span class=\"_ _1\"></span>di collocame<span class=\"_ _1\"></span>nto. Le <span class=\"_ _0\"></span>com<span class=\"_ _1\"></span>missioni di gestione <span class=\"_ _0\"></span>e di incen<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o sono collegate al <span class=\"_ _0\"></span>valore di <span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>degli AuM <span class=\"_ _0\"></span>dei prodotti <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> al risultato della l<span class=\"_ _1\"></span>oro gestione.  In <span class=\"_ _0\"></span>particolare, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>commissi<span class=\"_ _1\"></span>one <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gestione <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>calcola<span class=\"_ _3\"></span>ta <span class=\"_ _0\"></span>peri<span class=\"_ _0\"></span>odicame<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>come <span class=\"_ _0\"></span>percent<span class=\"_ _1\"></span>uale <span class=\"_ _0\"></span>applicata <span class=\"_ _0\"></span>sul patrimonio medio <span class=\"_ _1\"></span>del singolo prod<span class=\"_ _1\"></span>otto. Le <span class=\"_ _5\"></span>commissioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>incentivo, <span class=\"_ _b\"></span>invece, <span class=\"_ _b\"></span>vengono <span class=\"_ _b\"></span>applicate <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>taluni <span class=\"_ _b\"></span>prodotti <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>corrisposte <span class=\"_ _b\"></span>a <span class=\"_ _5\"></span>favore <span class=\"_ _b\"></span>delle societ\u00e0 <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>gestione <span class=\"_ _6\"></span>solo <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giungimento <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>eterminati <span class=\"_ _5\"></span>obiettivi <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>rendime<span class=\"_ _1\"></span>nto. <span class=\"_ _6\"></span>In <span class=\"_ _6\"></span>linea <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>ene<span class=\"_ _1\"></span>rale, sono  previste<span class=\"_ _1\"></span>  tre <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferenti <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>riteri <span class=\"_ _f\"> </span>di  app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazione<span class=\"_ _3\"></span>  della  commissione <span class=\"_ _f\"> </span>di  in<span class=\"_ _1\"></span>centivo  in <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ione <span class=\"_ _f\"> </span>della politica <span class=\"_ _3\"></span>d\u2019investimento <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>sin<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>oli <span class=\"_ _3\"></span>fondi: <span class=\"_ _3\"></span>(i) <span class=\"_ _3\"></span>quando <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>performance <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>prod<span class=\"_ _1\"></span>otto <span class=\"_ _1\"></span>supera <span class=\"_ _8\"></span>nell<span class=\"_ _0\"></span>\u2019a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lare oggetto <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ifica<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>indice <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>riferimento<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>un <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _6\"></span>prestabilit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>obiettivo <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>dimento (\u201ccommissione <span class=\"_ _0\"></span>vs. <span class=\"_ _0\"></span>benchmark\u201d), <span class=\"_ _b\"></span>(ii) <span class=\"_ _0\"></span>quando <span class=\"_ _0\"></span> <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>valore <span class=\"_ _0\"></span>unitario <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>quota <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _b\"></span>supera <span class=\"_ _0\"></span>quello <span class=\"_ _0\"></span>pi\u00f9 elevato <span class=\"_ _0\"></span>ma<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>ggiun<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> in <span class=\"_ _0\"></span>pre<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ede<span class=\"_ _1\"></span>nza <span class=\"_ _0\"></span>(\u201ccommiss<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>high <span class=\"_ _0\"></span>watermark assoluto\u201d) e <span class=\"_ _0\"></span>(iii)  q<span class=\"_ _0\"></span>uando il valore unitario <span class=\"_ _0\"></span>della quota <span class=\"_ _0\"></span>sia su<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>iore <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>valore d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>'indice <span class=\"_ _0\"></span>cui si <span class=\"_ _0\"></span>intende far<span class=\"_ _0\"></span>e riferimento <span class=\"_ _0\"></span>(<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>all'obiettivo d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> rendimento) <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>la <span class=\"_ _5\"></span>differenza <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ispetto<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>parametro <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>onf<span class=\"_ _1\"></span>ronto <span class=\"_ _5\"></span>prescelto <span class=\"_ _5\"></span>sia <span class=\"_ _5\"></span>maggiore <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>quella <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>ai realizzata in precede<span class=\"_ _1\"></span>nza (\u201ccommissio<span class=\"_ _1\"></span>ne high water<span class=\"_ _1\"></span>mark relativo\u201d). Infine, <span class=\"_ _f5\"> </span>le <span class=\"_ _f5\"> </span>c<span class=\"_ _0\"></span>ommissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _f5\"> </span>di <span class=\"_ _f5\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>llocamento <span class=\"_ _f5\"> </span>sono <span class=\"_ _f5\"> </span>d<span class=\"_ _0\"></span>eter<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>inate,<span class=\"_ _1\"></span> <span class=\"_ _ce\"> </span>q<span class=\"_ _1\"></span>uando <span class=\"_ _ce\"> </span>previste,<span class=\"_ _3\"></span> <span class=\"_ _ce\"> </span>sul <span class=\"_ _f5\"> </span>capitale com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>col<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>urante il \u201cPerio<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o di <span class=\"_ _3\"></span>Col<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ocamento\u201d. Le commissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i s<span class=\"_ _3\"></span>ono iscritte, s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>lla <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _3\"></span>dell\u2019esistenz<span class=\"_ _3\"></span>a di accordi <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>attuali, <span class=\"_ _3\"></span>nel period<span class=\"_ _1\"></span>o in cui i <span class=\"_ _3\"></span>servizi stessi so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>stati p<span class=\"_ _1\"></span>restati. I<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>particolare, <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esent<span class=\"_ _1\"></span>ando la <span class=\"_ _3\"></span>remunerazione <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>specifiche <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>obbl<span class=\"_ _1\"></span>igazioni di <span class=\"_ _b\"></span>far<span class=\"_ _0\"></span>e\u201d<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>adempiute<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>nei <span class=\"_ _b\"></span>confronti <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>Fondi<span class=\"_ _0\"></span>/Pa<span class=\"_ _1\"></span>trimoni <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>momento <span class=\"_ _5\"></span>prec<span class=\"_ _1\"></span>iso, <span class=\"_ _5\"></span>sono <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vate <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>Conto economico \u201cat a point i<span class=\"_ _1\"></span>n time\u201d. I  ricavi <span class=\"_ _f\"> </span>configurati  da <span class=\"_ _f\"> </span>corrispettivi <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iabi<span class=\"_ _1\"></span>li  (le <span class=\"_ _f\"> </span>commissioni  di <span class=\"_ _f\"> </span>incentivo) <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>gon<span class=\"_ _1\"></span>o  rilevati  a<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>con<span class=\"_ _0\"></span>to economico <span class=\"_ _0\"></span>se <span class=\"_ _0\"></span>atten<span class=\"_ _1\"></span>dibilmente <span class=\"_ _0\"></span>st<span class=\"_ _1\"></span>imabili <span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span>icame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>se<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _0\"></span>altamente <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>oba<span class=\"_ _1\"></span>bile <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>tale corr<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>spettivo non <span class=\"_ _6\"></span>debba <span class=\"_ _6\"></span>essere, <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>periodi <span class=\"_ _5\"></span>succ<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>ivi, <span class=\"_ _6\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>tu<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>o <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>una <span class=\"_ _5\"></span>su<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>sig<span class=\"_ _0\"></span>nificativa, <span class=\"_ _5\"></span>stornato <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _5\"></span>conto economico. In <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> forte <span class=\"_ _b\"></span>pre<span class=\"_ _1\"></span>valenza <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>fatto<span class=\"_ _1\"></span>ri <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>incertezza <span class=\"_ _0\"></span>sulla q<span class=\"_ _0\"></span>uant<span class=\"_ _1\"></span>ificazione <span class=\"_ _0\"></span>del c<span class=\"_ _0\"></span>orrisp<span class=\"_ _1\"></span>ettivo, <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>medesimo sar\u00e0 <span class=\"_ _c\"> </span>rilevato <span class=\"_ _c\"> </span>solo <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>momento <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>cui <span class=\"_ _c\"> </span>tale <span class=\"_ _c\"> </span>incert<span class=\"_ _1\"></span>ezza <span class=\"_ _c\"> </span>verr\u00e0 <span class=\"_ _c\"> </span>risolta. <span class=\"_ _c\"> </span>In <span class=\"_ _c\"> </span>particolare, <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>commissioni determinate <span class=\"_ _b\"></span>con <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>metodo <span class=\"_ _b\"></span>\u201cben<span class=\"_ _1\"></span>chmark\u201d <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>rilevate <span class=\"_ _0\"></span>nel <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>onto <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>conomico <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>gestione solo <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>termine dell\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>iferimento, quando possono considerarsi definitivame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te maturate a favore della stessa.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-531": {
   "value": "Costi d\u2019eserci<span class=\"_ _0\"></span>zio I costi <span class=\"_ _3\"></span>d\u2019esercizio s<span class=\"_ _1\"></span>ono de<span class=\"_ _3\"></span>crem<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ei<span class=\"_ _1\"></span> bene<span class=\"_ _1\"></span>fici e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mici <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>competenza <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019ese<span class=\"_ _3\"></span>rci<span class=\"_ _0\"></span>zio <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>mministrativo che <span class=\"_ _1f\"> </span>si <span class=\"_ _1f\"> </span>manifestano <span class=\"_ _1f\"> </span>sotto <span class=\"_ _1f\"> </span>forma <span class=\"_ _1f\"> </span>di <span class=\"_ _16\"> </span>flussi <span class=\"_ _1f\"> </span>finanziari <span class=\"_ _1f\"> </span>in <span class=\"_ _1f\"> </span>uscita <span class=\"_ _16\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>ri<span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>zione <span class=\"_ _16\"> </span>di <span class=\"_ _1f\"> </span>valore <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>attivit\u00e0 <span class=\"_ _1f\"> </span>o sostenimento <span class=\"_ _6\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>si <span class=\"_ _f\"> </span>co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cretizza<span class=\"_ _1\"></span>no <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>remen<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>pat<span class=\"_ _1\"></span>rimonio <span class=\"_ _f\"> </span>netto, <span class=\"_ _6\"></span>diversi <span class=\"_ _f\"> </span>da <span class=\"_ _6\"></span>qu<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> relativi <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>distribuzioni <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>coloro <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>partecipano <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>capitale. <span class=\"_ _0\"></span>I <span class=\"_ _0\"></span>costi <span class=\"_ _0\"></span>comprendono <span class=\"_ _0\"></span>anche <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>perdite. <span class=\"_ _0\"></span>I costi e le perdite s<span class=\"_ _1\"></span>orgono nel cors<span class=\"_ _1\"></span>o dell\u2019attivit\u00e0 o<span class=\"_ _1\"></span>rdinaria.  I costi sono contabilizz<span class=\"_ _1\"></span>ati secondo il pr<span class=\"_ _1\"></span>incipio della <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompete<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za e qua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o sostenuti. Un costo \u00e8 consi<span class=\"_ _1\"></span>derato sostenut<span class=\"_ _1\"></span>o quando: <span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">n<span class=\"_ _0\"></span>e \u00e8 dive<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta certa l\u2019es<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>stenza;<span class=\"_ _3\"></span> </span></span><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">\u00e8 d<span class=\"_ _0\"></span>eterm<span class=\"_ _1\"></span>inabile in mod<span class=\"_ _1\"></span>o obiettivo l\u2019ammonta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e; </span></span><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">n<span class=\"_ _0\"></span>ella <span class=\"_ _1\"></span>sostanza <span class=\"_ _3\"></span>dell\u2019operazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne, <span class=\"_ _3\"></span>\u00e8 po<span class=\"_ _3\"></span>ssi<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>ile <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>contare <span class=\"_ _3\"></span>che l\u2019impresa<span class=\"_ _3\"></span> ha <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>quel<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>osto in<span class=\"_ _3\"></span> base<span class=\"_ _1\"></span> </span></span>al principio di compete<span class=\"_ _1\"></span>nza Il <span class=\"_ _0\"></span>costo d<span class=\"_ _0\"></span>i acquisto <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>merci <span class=\"_ _0\"></span>e prodotti d<span class=\"_ _0\"></span>i consumo \u00e8 <span class=\"_ _0\"></span>ricompreso <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>ila<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cio alla <span class=\"_ _0\"></span>data d<span class=\"_ _0\"></span>el passaggio<span class=\"_ _0\"></span> dei rischi e dei benefici che pu\u00f2 c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>incidere <span class=\"_ _1\"></span>con la data di consegna de<span class=\"_ _1\"></span>gli stessi o, se ante<span class=\"_ _1\"></span>riore, al mo<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>nto del passaggio della pr<span class=\"_ _1\"></span>opriet\u00e0. I <span class=\"_ _91\"> </span>costi <span class=\"_ _91\"> </span>p<span class=\"_ _1\"></span>er <span class=\"_ _91\"> </span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>poste<span class=\"_ _3\"></span> <span class=\"_ _91\"> </span>indirette <span class=\"_ _21\"> </span>sorgono <span class=\"_ _91\"> </span>al <span class=\"_ _21\"> </span>moment<span class=\"_ _1\"></span>o <span class=\"_ _21\"> </span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019operazione <span class=\"_ _21\"> </span>commerciale <span class=\"_ _21\"> </span>sogg<span class=\"_ _0\"></span>etta<span class=\"_ _1\"></span> all\u2019imposizione. I costi per i<span class=\"_ _3\"></span>mpo<span class=\"_ _0\"></span>ste <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>rette<span class=\"_ _3\"></span> si<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ani<span class=\"_ _1\"></span>festano al mo<span class=\"_ _1\"></span>mento in <span class=\"_ _1\"></span>cui viene deter<span class=\"_ _1\"></span>minato il <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>elativo p<span class=\"_ _3\"></span>resu<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>osto, cio<span class=\"_ _0\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>sede <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>  c<span class=\"_ _1\"></span>hiusura <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>bilancio <span class=\"_ _f\"> </span>d\u2019ese<span class=\"_ _1\"></span>rcizio; <span class=\"_ _6\"></span>una <span class=\"_ _f\"> </span>stima <span class=\"_ _f\"> </span>attendibi<span class=\"_ _1\"></span>le <span class=\"_ _f\"></span>vie<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>effettuata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>anche <span class=\"_ _f\"> </span>nella predisposizione de<span class=\"_ _1\"></span>lle situazioni inf<span class=\"_ _1\"></span>ra-annuali. I costi sono val<span class=\"_ _1\"></span>utati al fair value dell\u2019a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>ontare pagato o da pa<span class=\"_ _1\"></span>gare. I c<span class=\"_ _0\"></span>osti dei servizi, in q<span class=\"_ _0\"></span>ua<span class=\"_ _1\"></span>nto r<span class=\"_ _0\"></span>em<span class=\"_ _1\"></span>unerazione di fattori <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>oduttivi, sono di <span class=\"_ _0\"></span>competenza<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll\u2019esercizio n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> quale <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>m<span class=\"_ _0\"></span>edesi<span class=\"_ _1\"></span>mi <span class=\"_ _6\"></span>fattor<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _6\"></span>produzione <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>utilizzati <span class=\"_ _f\"> </span>per <span class=\"_ _5\"></span>conseguire <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>icavi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dita <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>i prodotti <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>dei  servizi. <span class=\"_ _c\"> </span>In<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>merito  alla  r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levazione  dei  c<span class=\"_ _0\"></span>ost<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>ostenuti <span class=\"_ _c\"> </span>per<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>le  prestazioni  di <span class=\"_ _c\"> </span>ser<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>izio,<span class=\"_ _3\"></span> generalmente si <span class=\"_ _1\"></span>fa riferimento alle temp<span class=\"_ _1\"></span>istiche di p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estazione<span class=\"_ _1\"></span> del servizio da pa<span class=\"_ _1\"></span>rte di entit\u00e0 te<span class=\"_ _1\"></span>rze.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-482": {
   "value": "Costi d\u2019eserci<span class=\"_ _0\"></span>zio I costi <span class=\"_ _3\"></span>d\u2019esercizio s<span class=\"_ _1\"></span>ono de<span class=\"_ _3\"></span>crem<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ei<span class=\"_ _1\"></span> bene<span class=\"_ _1\"></span>fici e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mici <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>competenza <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019ese<span class=\"_ _3\"></span>rci<span class=\"_ _0\"></span>zio <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>mministrativo che <span class=\"_ _1f\"> </span>si <span class=\"_ _1f\"> </span>manifestano <span class=\"_ _1f\"> </span>sotto <span class=\"_ _1f\"> </span>forma <span class=\"_ _1f\"> </span>di <span class=\"_ _16\"> </span>flussi <span class=\"_ _1f\"> </span>finanziari <span class=\"_ _1f\"> </span>in <span class=\"_ _1f\"> </span>uscita <span class=\"_ _16\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>ri<span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>zione <span class=\"_ _16\"> </span>di <span class=\"_ _1f\"> </span>valore <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>attivit\u00e0 <span class=\"_ _1f\"> </span>o sostenimento <span class=\"_ _6\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>si <span class=\"_ _f\"> </span>co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cretizza<span class=\"_ _1\"></span>no <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>remen<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>pat<span class=\"_ _1\"></span>rimonio <span class=\"_ _f\"> </span>netto, <span class=\"_ _6\"></span>diversi <span class=\"_ _f\"> </span>da <span class=\"_ _6\"></span>qu<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> relativi <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>distribuzioni <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>coloro <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>partecipano <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>capitale. <span class=\"_ _0\"></span>I <span class=\"_ _0\"></span>costi <span class=\"_ _0\"></span>comprendono <span class=\"_ _0\"></span>anche <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>perdite. <span class=\"_ _0\"></span>I costi e le perdite s<span class=\"_ _1\"></span>orgono nel cors<span class=\"_ _1\"></span>o dell\u2019attivit\u00e0 o<span class=\"_ _1\"></span>rdinaria.  I costi sono contabilizz<span class=\"_ _1\"></span>ati secondo il pr<span class=\"_ _1\"></span>incipio della <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompete<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za e qua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o sostenuti. Un costo \u00e8 consi<span class=\"_ _1\"></span>derato sostenut<span class=\"_ _1\"></span>o quando: <span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">n<span class=\"_ _0\"></span>e \u00e8 dive<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta certa l\u2019es<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>stenza;<span class=\"_ _3\"></span> </span></span><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">\u00e8 d<span class=\"_ _0\"></span>eterm<span class=\"_ _1\"></span>inabile in mod<span class=\"_ _1\"></span>o obiettivo l\u2019ammonta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e; </span></span><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">n<span class=\"_ _0\"></span>ella <span class=\"_ _1\"></span>sostanza <span class=\"_ _3\"></span>dell\u2019operazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne, <span class=\"_ _3\"></span>\u00e8 po<span class=\"_ _3\"></span>ssi<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>ile <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>contare <span class=\"_ _3\"></span>che l\u2019impresa<span class=\"_ _3\"></span> ha <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>quel<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>osto in<span class=\"_ _3\"></span> base<span class=\"_ _1\"></span> </span></span>al principio di compete<span class=\"_ _1\"></span>nza Il <span class=\"_ _0\"></span>costo d<span class=\"_ _0\"></span>i acquisto <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>merci <span class=\"_ _0\"></span>e prodotti d<span class=\"_ _0\"></span>i consumo \u00e8 <span class=\"_ _0\"></span>ricompreso <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>ila<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cio alla <span class=\"_ _0\"></span>data d<span class=\"_ _0\"></span>el passaggio<span class=\"_ _0\"></span> dei rischi e dei benefici che pu\u00f2 c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>incidere <span class=\"_ _1\"></span>con la data di consegna de<span class=\"_ _1\"></span>gli stessi o, se ante<span class=\"_ _1\"></span>riore, al mo<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>nto del passaggio della pr<span class=\"_ _1\"></span>opriet\u00e0. I <span class=\"_ _91\"> </span>costi <span class=\"_ _91\"> </span>p<span class=\"_ _1\"></span>er <span class=\"_ _91\"> </span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>poste<span class=\"_ _3\"></span> <span class=\"_ _91\"> </span>indirette <span class=\"_ _21\"> </span>sorgono <span class=\"_ _91\"> </span>al <span class=\"_ _21\"> </span>moment<span class=\"_ _1\"></span>o <span class=\"_ _21\"> </span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019operazione <span class=\"_ _21\"> </span>commerciale <span class=\"_ _21\"> </span>sogg<span class=\"_ _0\"></span>etta<span class=\"_ _1\"></span> all\u2019imposizione. I costi per i<span class=\"_ _3\"></span>mpo<span class=\"_ _0\"></span>ste <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>rette<span class=\"_ _3\"></span> si<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ani<span class=\"_ _1\"></span>festano al mo<span class=\"_ _1\"></span>mento in <span class=\"_ _1\"></span>cui viene deter<span class=\"_ _1\"></span>minato il <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>elativo p<span class=\"_ _3\"></span>resu<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>osto, cio<span class=\"_ _0\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>sede <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>  c<span class=\"_ _1\"></span>hiusura <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>bilancio <span class=\"_ _f\"> </span>d\u2019ese<span class=\"_ _1\"></span>rcizio; <span class=\"_ _6\"></span>una <span class=\"_ _f\"> </span>stima <span class=\"_ _f\"> </span>attendibi<span class=\"_ _1\"></span>le <span class=\"_ _f\"></span>vie<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>effettuata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>anche <span class=\"_ _f\"> </span>nella predisposizione de<span class=\"_ _1\"></span>lle situazioni inf<span class=\"_ _1\"></span>ra-annuali. I costi sono val<span class=\"_ _1\"></span>utati al fair value dell\u2019a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>ontare pagato o da pa<span class=\"_ _1\"></span>gare. I c<span class=\"_ _0\"></span>osti dei servizi, in q<span class=\"_ _0\"></span>ua<span class=\"_ _1\"></span>nto r<span class=\"_ _0\"></span>em<span class=\"_ _1\"></span>unerazione di fattori <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>oduttivi, sono di <span class=\"_ _0\"></span>competenza<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll\u2019esercizio n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> quale <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>m<span class=\"_ _0\"></span>edesi<span class=\"_ _1\"></span>mi <span class=\"_ _6\"></span>fattor<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _6\"></span>produzione <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>utilizzati <span class=\"_ _f\"> </span>per <span class=\"_ _5\"></span>conseguire <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>icavi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dita <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>i prodotti <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>dei  servizi. <span class=\"_ _c\"> </span>In<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>merito  alla  r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levazione  dei  c<span class=\"_ _0\"></span>ost<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>ostenuti <span class=\"_ _c\"> </span>per<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>le  prestazioni  di <span class=\"_ _c\"> </span>ser<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>izio,<span class=\"_ _3\"></span> generalmente si <span class=\"_ _1\"></span>fa riferimento alle temp<span class=\"_ _1\"></span>istiche di p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estazione<span class=\"_ _1\"></span> del servizio da pa<span class=\"_ _1\"></span>rte di entit\u00e0 te<span class=\"_ _1\"></span>rze.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-508": {
   "value": "Costi d\u2019eserci<span class=\"_ _0\"></span>zio I costi <span class=\"_ _3\"></span>d\u2019esercizio s<span class=\"_ _1\"></span>ono de<span class=\"_ _3\"></span>crem<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ei<span class=\"_ _1\"></span> bene<span class=\"_ _1\"></span>fici e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mici <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>competenza <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019ese<span class=\"_ _3\"></span>rci<span class=\"_ _0\"></span>zio <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>mministrativo che <span class=\"_ _1f\"> </span>si <span class=\"_ _1f\"> </span>manifestano <span class=\"_ _1f\"> </span>sotto <span class=\"_ _1f\"> </span>forma <span class=\"_ _1f\"> </span>di <span class=\"_ _16\"> </span>flussi <span class=\"_ _1f\"> </span>finanziari <span class=\"_ _1f\"> </span>in <span class=\"_ _1f\"> </span>uscita <span class=\"_ _16\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>ri<span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>zione <span class=\"_ _16\"> </span>di <span class=\"_ _1f\"> </span>valore <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>attivit\u00e0 <span class=\"_ _1f\"> </span>o sostenimento <span class=\"_ _6\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>si <span class=\"_ _f\"> </span>co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cretizza<span class=\"_ _1\"></span>no <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>remen<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>pat<span class=\"_ _1\"></span>rimonio <span class=\"_ _f\"> </span>netto, <span class=\"_ _6\"></span>diversi <span class=\"_ _f\"> </span>da <span class=\"_ _6\"></span>qu<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> relativi <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>distribuzioni <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>coloro <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>partecipano <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>capitale. <span class=\"_ _0\"></span>I <span class=\"_ _0\"></span>costi <span class=\"_ _0\"></span>comprendono <span class=\"_ _0\"></span>anche <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>perdite. <span class=\"_ _0\"></span>I costi e le perdite s<span class=\"_ _1\"></span>orgono nel cors<span class=\"_ _1\"></span>o dell\u2019attivit\u00e0 o<span class=\"_ _1\"></span>rdinaria.  I costi sono contabilizz<span class=\"_ _1\"></span>ati secondo il pr<span class=\"_ _1\"></span>incipio della <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompete<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za e qua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o sostenuti. Un costo \u00e8 consi<span class=\"_ _1\"></span>derato sostenut<span class=\"_ _1\"></span>o quando: <span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">n<span class=\"_ _0\"></span>e \u00e8 dive<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta certa l\u2019es<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>stenza;<span class=\"_ _3\"></span> </span></span><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">\u00e8 d<span class=\"_ _0\"></span>eterm<span class=\"_ _1\"></span>inabile in mod<span class=\"_ _1\"></span>o obiettivo l\u2019ammonta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e; </span></span><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">n<span class=\"_ _0\"></span>ella <span class=\"_ _1\"></span>sostanza <span class=\"_ _3\"></span>dell\u2019operazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne, <span class=\"_ _3\"></span>\u00e8 po<span class=\"_ _3\"></span>ssi<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>ile <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>contare <span class=\"_ _3\"></span>che l\u2019impresa<span class=\"_ _3\"></span> ha <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>quel<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>osto in<span class=\"_ _3\"></span> base<span class=\"_ _1\"></span> </span></span>al principio di compete<span class=\"_ _1\"></span>nza Il <span class=\"_ _0\"></span>costo d<span class=\"_ _0\"></span>i acquisto <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>merci <span class=\"_ _0\"></span>e prodotti d<span class=\"_ _0\"></span>i consumo \u00e8 <span class=\"_ _0\"></span>ricompreso <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> b<span class=\"_ _0\"></span>ila<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cio alla <span class=\"_ _0\"></span>data d<span class=\"_ _0\"></span>el passaggio<span class=\"_ _0\"></span> dei rischi e dei benefici che pu\u00f2 c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>incidere <span class=\"_ _1\"></span>con la data di consegna de<span class=\"_ _1\"></span>gli stessi o, se ante<span class=\"_ _1\"></span>riore, al mo<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>nto del passaggio della pr<span class=\"_ _1\"></span>opriet\u00e0. I <span class=\"_ _91\"> </span>costi <span class=\"_ _91\"> </span>p<span class=\"_ _1\"></span>er <span class=\"_ _91\"> </span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>poste<span class=\"_ _3\"></span> <span class=\"_ _91\"> </span>indirette <span class=\"_ _21\"> </span>sorgono <span class=\"_ _91\"> </span>al <span class=\"_ _21\"> </span>moment<span class=\"_ _1\"></span>o <span class=\"_ _21\"> </span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019operazione <span class=\"_ _21\"> </span>commerciale <span class=\"_ _21\"> </span>sogg<span class=\"_ _0\"></span>etta<span class=\"_ _1\"></span> all\u2019imposizione. I costi per i<span class=\"_ _3\"></span>mpo<span class=\"_ _0\"></span>ste <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>rette<span class=\"_ _3\"></span> si<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ani<span class=\"_ _1\"></span>festano al mo<span class=\"_ _1\"></span>mento in <span class=\"_ _1\"></span>cui viene deter<span class=\"_ _1\"></span>minato il <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>elativo p<span class=\"_ _3\"></span>resu<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>osto, cio<span class=\"_ _0\"></span>\u00e8<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>sede <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>  c<span class=\"_ _1\"></span>hiusura <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>bilancio <span class=\"_ _f\"> </span>d\u2019ese<span class=\"_ _1\"></span>rcizio; <span class=\"_ _6\"></span>una <span class=\"_ _f\"> </span>stima <span class=\"_ _f\"> </span>attendibi<span class=\"_ _1\"></span>le <span class=\"_ _f\"></span>vie<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>effettuata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>anche <span class=\"_ _f\"> </span>nella predisposizione de<span class=\"_ _1\"></span>lle situazioni inf<span class=\"_ _1\"></span>ra-annuali. I costi sono val<span class=\"_ _1\"></span>utati al fair value dell\u2019a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>ontare pagato o da pa<span class=\"_ _1\"></span>gare. I c<span class=\"_ _0\"></span>osti dei servizi, in q<span class=\"_ _0\"></span>ua<span class=\"_ _1\"></span>nto r<span class=\"_ _0\"></span>em<span class=\"_ _1\"></span>unerazione di fattori <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>oduttivi, sono di <span class=\"_ _0\"></span>competenza<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll\u2019esercizio n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> quale <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>m<span class=\"_ _0\"></span>edesi<span class=\"_ _1\"></span>mi <span class=\"_ _6\"></span>fattor<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _6\"></span>produzione <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>utilizzati <span class=\"_ _f\"> </span>per <span class=\"_ _5\"></span>conseguire <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>icavi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dita <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>i prodotti <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>dei  servizi. <span class=\"_ _c\"> </span>In<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>merito  alla  r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levazione  dei  c<span class=\"_ _0\"></span>ost<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>s<span class=\"_ _1\"></span>ostenuti <span class=\"_ _c\"> </span>per<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>le  prestazioni  di <span class=\"_ _c\"> </span>ser<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>izio,<span class=\"_ _3\"></span> generalmente si <span class=\"_ _1\"></span>fa riferimento alle temp<span class=\"_ _1\"></span>istiche di p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estazione<span class=\"_ _1\"></span> del servizio da pa<span class=\"_ _1\"></span>rte di entit\u00e0 te<span class=\"_ _1\"></span>rze.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-532": {
   "value": "Impairme<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>t Test Le <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>immateriali <span class=\"_ _b\"></span>con <span class=\"_ _5\"></span>vita <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>le <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>efinita <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>so<span class=\"_ _0\"></span>ggette <span class=\"_ _b\"></span>alla <span class=\"_ _5\"></span>verifica <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>perdite <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valore <span class=\"_ _b\"></span>(<span class=\"_ _0\"></span>\u201ctest <span class=\"_ _5\"></span>di impairment\u201d) se <span class=\"_ _3\"></span>esiste <span class=\"_ _1\"></span>un\u2019indicazione <span class=\"_ _3\"></span>che il val<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>contabile del <span class=\"_ _1\"></span>bene <span class=\"_ _1\"></span>non pos<span class=\"_ _3\"></span>sa pi\u00f9 e<span class=\"_ _1\"></span>ssere <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ecuperato.<span class=\"_ _1\"></span> Il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>recuperabile <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nato <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>maggiore <span class=\"_ _b\"></span>tr<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>il <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ell\u2019a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>netto <span class=\"_ _b\"></span>deg<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>oneri <span class=\"_ _b\"></span>di dismissione e il val<span class=\"_ _1\"></span>ore d\u2019uso. Le attivit\u00e0 immate<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iali a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>vita <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tile in<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>efinita,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>inve<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e, <span class=\"_ _1\"></span>sono sottoposte a<span class=\"_ _1\"></span>d un test di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>impair<span class=\"_ _1\"></span>ment al fine di<span class=\"_ _1\"></span> verificare <span class=\"_ _3\"></span>se <span class=\"_ _1\"></span>esistono <span class=\"_ _3\"></span>obietti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>evidenze <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>l\u2019attivit\u00e0 <span class=\"_ _3\"></span>possa <span class=\"_ _3\"></span>aver <span class=\"_ _3\"></span>subito<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _8\"></span>ri<span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>zione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>valore, <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>ogni data <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>edazione <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>bilancio. <span class=\"_ _3\"></span>In p<span class=\"_ _3\"></span>ar<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ola<span class=\"_ _1\"></span>re, <span class=\"_ _1\"></span>tra <span class=\"_ _3\"></span>le <span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tivit\u00e0 <span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>mate<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>ali <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>vita <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>indefinita <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>compreso l\u2019avviamento, rilevato a seguito di operazioni di <span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>quisizione ed in <span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cazione del <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incipi<span class=\"_ _1\"></span>o contabile internazionale IFRS <span class=\"_ _1\"></span>3. L\u2019avviamento, <span class=\"_ _91\"> </span>n<span class=\"_ _0\"></span>on <span class=\"_ _f5\"> </span>presenta<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do <span class=\"_ _91\"> </span>f<span class=\"_ _0\"></span>lussi <span class=\"_ _91\"> </span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>ari<span class=\"_ _0\"></span> <span class=\"_ _f5\"> </span>autonomi, <span class=\"_ _f5\"> </span>\u00e8 <span class=\"_ _f5\"> </span>sottopost<span class=\"_ _3\"></span>o <span class=\"_ _ce\"> </span>ad <span class=\"_ _f5\"> </span>una <span class=\"_ _91\"> </span>v<span class=\"_ _0\"></span>erifica dell\u2019adeguatezza <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>iscritto <span class=\"_ _b\"></span>tra <span class=\"_ _b\"></span>le <span class=\"_ _0\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>riferimento <span class=\"_ _b\"></span>alla <span class=\"_ _b\"></span><span class=\"ff5\">Cash <span class=\"_ _0\"></span>Generating <span class=\"_ _0\"></span>Unit</span> <span class=\"_ _b\"></span>(\u201cCGU\u201d) <span class=\"_ _b\"></span>a cui i valori sono stati at<span class=\"_ _1\"></span>tribuiti in oc<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>asione del<span class=\"_ _1\"></span>le operazioni d<span class=\"_ _1\"></span>i aggregazione azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ale.<span class=\"_ _1\"></span> L\u2019ammontare <span class=\"_ _0\"></span>dell\u2019eventuale<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>riduzione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>det<span class=\"_ _1\"></span>erminato <span class=\"_ _0\"></span>sulla <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>differenza <span class=\"_ _0\"></span>tra <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>valore<span class=\"_ _3\"></span> contabile <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>CGU <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>recuperabile <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>stessa, <span class=\"_ _0\"></span>rappresentato <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>maggiore <span class=\"_ _0\"></span>tra <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>value, (al netto di event<span class=\"_ _1\"></span>uali costi di ve<span class=\"_ _1\"></span>ndita) ed il valore d\u2019<span class=\"_ _1\"></span>uso. Il valore <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>\u2019<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>so <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>CGU \u00e8<span class=\"_ _1\"></span> deter<span class=\"_ _1\"></span>minato a<span class=\"_ _3\"></span>ttr<span class=\"_ _0\"></span>averso <span class=\"_ _3\"></span>la st<span class=\"_ _1\"></span>ima del <span class=\"_ _1\"></span>valore attuale <span class=\"_ _3\"></span>dei f<span class=\"_ _1\"></span>lussi fi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anzia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i f<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>turi<span class=\"_ _3\"></span> che si <span class=\"_ _3\"></span>pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ede <span class=\"_ _3\"></span>possan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>essere <span class=\"_ _3\"></span>generati <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>CGU, <span class=\"_ _3\"></span>utilizzando <span class=\"_ _3\"></span>il met<span class=\"_ _3\"></span>odo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>v<span class=\"_ _0\"></span>alutazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span><span class=\"ff5\">Discounted <span class=\"_ _3\"></span>Cash </span>Flow<span class=\"ff2\">. <span class=\"_ _f\"> </span>I <span class=\"_ _f\"> </span>flussi <span class=\"_ _6\"></span>finanziari <span class=\"_ _f\"> </span>son<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rminati <span class=\"_ _f\"> </span>utilizza<span class=\"_ _1\"></span>ndo <span class=\"_ _f\"> </span>l\u2019ultim<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>piano <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>\u2019impresa <span class=\"_ _6\"></span>disponibile<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>ovvero, <span class=\"_ _f\"> </span>in </span>mancanza, <span class=\"_ _6\"></span>attraverso <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>formulazione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>previ<span class=\"_ _0\"></span>si<span class=\"_ _1\"></span>onale <span class=\"_ _6\"></span>interno <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>pa<span class=\"_ _1\"></span>rte <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>man<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>o attraverso <span class=\"_ _19\"> </span>altr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1b\"> </span>evidenze <span class=\"_ _1b\"> </span>este<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ne <span class=\"_ _19\"> </span>disponibili. <span class=\"_ _e\"> </span>No<span class=\"_ _0\"></span>rmalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _19\"> </span>il <span class=\"_ _1b\"> </span>peri<span class=\"_ _1\"></span>odo <span class=\"_ _1b\"> </span>di <span class=\"_ _19\"> </span>previsione <span class=\"_ _1b\"> </span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>aliti<span class=\"_ _1\"></span>co com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>rende un arco tempo<span class=\"_ _1\"></span>rale massimo di ci<span class=\"_ _1\"></span>nque anni.  La <span class=\"_ _16\"> </span>perd<span class=\"_ _0\"></span>ita <span class=\"_ _16\"> </span>di <span class=\"_ _1f\"> </span>valore <span class=\"_ _16\"> </span>registrata <span class=\"_ _16\"> </span>dalla <span class=\"_ _1f\"> </span>CGU <span class=\"_ _1f\"> </span>\u00e8 <span class=\"_ _16\"> </span>all<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>cata <span class=\"_ _16\"> </span>alle <span class=\"_ _1f\"> </span>singol<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _16\"> </span>non <span class=\"_ _16\"> </span>m<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>netarie <span class=\"_ _16\"> </span>ch<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>la com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ongono nel seguente or<span class=\"_ _1\"></span>dine: a)<span class=\"ff4 fs5\"> <span class=\"_ _1c\"> </span></span>in primo luogo, all\u2019av<span class=\"_ _1\"></span>viamento allocato alla <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>U; b)<span class=\"ff4 fs5\"> <span class=\"_ _18\"> </span></span>in<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>second<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>luogo, <span class=\"_ _1f\"> </span>all<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>altre <span class=\"_ _15\"> </span>attivit\u00e0 <span class=\"_ _15\"> </span>non <span class=\"_ _d\"> </span>moneta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ie <span class=\"_ _15\"> </span>pro<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nalmente <span class=\"_ _15\"> </span>ai <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _1f\"> </span>valori contabili. Nel <span class=\"_ _0\"></span>caso <span class=\"_ _0\"></span>in cui <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>ragioni che <span class=\"_ _0\"></span>hanno <span class=\"_ _0\"></span>portat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>a r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vare <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>perdita di <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>siano r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mosse <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>seguit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> di un e<span class=\"_ _3\"></span>vento <span class=\"_ _3\"></span>verificatosi <span class=\"_ _3\"></span>successiva<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>evazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _3\"></span>della <span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>iduzi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>v<span class=\"_ _0\"></span>alore, <span class=\"_ _8\"></span>si p<span class=\"_ _3\"></span>roc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>a <span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>egist<span class=\"_ _1\"></span>rare una <span class=\"_ _0\"></span>ripresa di <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>rile<span class=\"_ _1\"></span>vata a <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ono<span class=\"_ _1\"></span>mico. <span class=\"_ _0\"></span>L\u2019<span class=\"_ _1\"></span>eventuale <span class=\"_ _0\"></span>svalutazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll\u2019avviamento non <span class=\"_ _0\"></span>viene in n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssun c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iprist<span class=\"_ _1\"></span>inata.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-526": {
   "value": "Impairme<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>t Test Le <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>immateriali <span class=\"_ _b\"></span>con <span class=\"_ _5\"></span>vita <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>le <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>efinita <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>so<span class=\"_ _0\"></span>ggette <span class=\"_ _b\"></span>alla <span class=\"_ _5\"></span>verifica <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>perdite <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>valore <span class=\"_ _b\"></span>(<span class=\"_ _0\"></span>\u201ctest <span class=\"_ _5\"></span>di impairment\u201d) se <span class=\"_ _3\"></span>esiste <span class=\"_ _1\"></span>un\u2019indicazione <span class=\"_ _3\"></span>che il val<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>contabile del <span class=\"_ _1\"></span>bene <span class=\"_ _1\"></span>non pos<span class=\"_ _3\"></span>sa pi\u00f9 e<span class=\"_ _1\"></span>ssere <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ecuperato.<span class=\"_ _1\"></span> Il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>recuperabile <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nato <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>maggiore <span class=\"_ _b\"></span>tr<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>il <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>valu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ell\u2019a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>netto <span class=\"_ _b\"></span>deg<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>oneri <span class=\"_ _b\"></span>di dismissione e il val<span class=\"_ _1\"></span>ore d\u2019uso. Le attivit\u00e0 immate<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iali a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>vita <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tile in<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>efinita,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>inve<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e, <span class=\"_ _1\"></span>sono sottoposte a<span class=\"_ _1\"></span>d un test di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>impair<span class=\"_ _1\"></span>ment al fine di<span class=\"_ _1\"></span> verificare <span class=\"_ _3\"></span>se <span class=\"_ _1\"></span>esistono <span class=\"_ _3\"></span>obietti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>evidenze <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>l\u2019attivit\u00e0 <span class=\"_ _3\"></span>possa <span class=\"_ _3\"></span>aver <span class=\"_ _3\"></span>subito<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _8\"></span>ri<span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>zione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>valore, <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>ogni data <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>edazione <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>bilancio. <span class=\"_ _3\"></span>In p<span class=\"_ _3\"></span>ar<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ola<span class=\"_ _1\"></span>re, <span class=\"_ _1\"></span>tra <span class=\"_ _3\"></span>le <span class=\"_ _1\"></span>at<span class=\"_ _1\"></span>tivit\u00e0 <span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>mate<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>ali <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>vita <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>le <span class=\"_ _3\"></span>indefinita <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>compreso l\u2019avviamento, rilevato a seguito di operazioni di <span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>quisizione ed in <span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cazione del <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incipi<span class=\"_ _1\"></span>o contabile internazionale IFRS <span class=\"_ _1\"></span>3. L\u2019avviamento, <span class=\"_ _91\"> </span>n<span class=\"_ _0\"></span>on <span class=\"_ _f5\"> </span>presenta<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do <span class=\"_ _91\"> </span>f<span class=\"_ _0\"></span>lussi <span class=\"_ _91\"> </span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>ari<span class=\"_ _0\"></span> <span class=\"_ _f5\"> </span>autonomi, <span class=\"_ _f5\"> </span>\u00e8 <span class=\"_ _f5\"> </span>sottopost<span class=\"_ _3\"></span>o <span class=\"_ _ce\"> </span>ad <span class=\"_ _f5\"> </span>una <span class=\"_ _91\"> </span>v<span class=\"_ _0\"></span>erifica dell\u2019adeguatezza <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>iscritto <span class=\"_ _b\"></span>tra <span class=\"_ _b\"></span>le <span class=\"_ _0\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>riferimento <span class=\"_ _b\"></span>alla <span class=\"_ _b\"></span><span class=\"ff5\">Cash <span class=\"_ _0\"></span>Generating <span class=\"_ _0\"></span>Unit</span> <span class=\"_ _b\"></span>(\u201cCGU\u201d) <span class=\"_ _b\"></span>a cui i valori sono stati at<span class=\"_ _1\"></span>tribuiti in oc<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>asione del<span class=\"_ _1\"></span>le operazioni d<span class=\"_ _1\"></span>i aggregazione azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ale.<span class=\"_ _1\"></span> L\u2019ammontare <span class=\"_ _0\"></span>dell\u2019eventuale<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>riduzione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>det<span class=\"_ _1\"></span>erminato <span class=\"_ _0\"></span>sulla <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>differenza <span class=\"_ _0\"></span>tra <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>valore<span class=\"_ _3\"></span> contabile <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>CGU <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>recuperabile <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>stessa, <span class=\"_ _0\"></span>rappresentato <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>maggiore <span class=\"_ _0\"></span>tra <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>value, (al netto di event<span class=\"_ _1\"></span>uali costi di ve<span class=\"_ _1\"></span>ndita) ed il valore d\u2019<span class=\"_ _1\"></span>uso. Il valore <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>\u2019<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>so <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>CGU \u00e8<span class=\"_ _1\"></span> deter<span class=\"_ _1\"></span>minato a<span class=\"_ _3\"></span>ttr<span class=\"_ _0\"></span>averso <span class=\"_ _3\"></span>la st<span class=\"_ _1\"></span>ima del <span class=\"_ _1\"></span>valore attuale <span class=\"_ _3\"></span>dei f<span class=\"_ _1\"></span>lussi fi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>anzia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i f<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>turi<span class=\"_ _3\"></span> che si <span class=\"_ _3\"></span>pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ede <span class=\"_ _3\"></span>possan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>essere <span class=\"_ _3\"></span>generati <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>CGU, <span class=\"_ _3\"></span>utilizzando <span class=\"_ _3\"></span>il met<span class=\"_ _3\"></span>odo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>v<span class=\"_ _0\"></span>alutazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span><span class=\"ff5\">Discounted <span class=\"_ _3\"></span>Cash </span>Flow<span class=\"ff2\">. <span class=\"_ _f\"> </span>I <span class=\"_ _f\"> </span>flussi <span class=\"_ _6\"></span>finanziari <span class=\"_ _f\"> </span>son<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rminati <span class=\"_ _f\"> </span>utilizza<span class=\"_ _1\"></span>ndo <span class=\"_ _f\"> </span>l\u2019ultim<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>piano <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>\u2019impresa <span class=\"_ _6\"></span>disponibile<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>ovvero, <span class=\"_ _f\"> </span>in </span>mancanza, <span class=\"_ _6\"></span>attraverso <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>formulazione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>previ<span class=\"_ _0\"></span>si<span class=\"_ _1\"></span>onale <span class=\"_ _6\"></span>interno <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>pa<span class=\"_ _1\"></span>rte <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>man<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>o attraverso <span class=\"_ _19\"> </span>altr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1b\"> </span>evidenze <span class=\"_ _1b\"> </span>este<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ne <span class=\"_ _19\"> </span>disponibili. <span class=\"_ _e\"> </span>No<span class=\"_ _0\"></span>rmalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _19\"> </span>il <span class=\"_ _1b\"> </span>peri<span class=\"_ _1\"></span>odo <span class=\"_ _1b\"> </span>di <span class=\"_ _19\"> </span>previsione <span class=\"_ _1b\"> </span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>aliti<span class=\"_ _1\"></span>co com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>rende un arco tempo<span class=\"_ _1\"></span>rale massimo di ci<span class=\"_ _1\"></span>nque anni.  La <span class=\"_ _16\"> </span>perd<span class=\"_ _0\"></span>ita <span class=\"_ _16\"> </span>di <span class=\"_ _1f\"> </span>valore <span class=\"_ _16\"> </span>registrata <span class=\"_ _16\"> </span>dalla <span class=\"_ _1f\"> </span>CGU <span class=\"_ _1f\"> </span>\u00e8 <span class=\"_ _16\"> </span>all<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>cata <span class=\"_ _16\"> </span>alle <span class=\"_ _1f\"> </span>singol<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _16\"> </span>non <span class=\"_ _16\"> </span>m<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>netarie <span class=\"_ _16\"> </span>ch<span class=\"_ _0\"></span>e <span class=\"_ _16\"> </span>la com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ongono nel seguente or<span class=\"_ _1\"></span>dine: a)<span class=\"ff4 fs5\"> <span class=\"_ _1c\"> </span></span>in primo luogo, all\u2019av<span class=\"_ _1\"></span>viamento allocato alla <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>U; b)<span class=\"ff4 fs5\"> <span class=\"_ _18\"> </span></span>in<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>second<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>luogo, <span class=\"_ _1f\"> </span>all<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>altre <span class=\"_ _15\"> </span>attivit\u00e0 <span class=\"_ _15\"> </span>non <span class=\"_ _d\"> </span>moneta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ie <span class=\"_ _15\"> </span>pro<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nalmente <span class=\"_ _15\"> </span>ai <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _1f\"> </span>valori contabili. Nel <span class=\"_ _0\"></span>caso <span class=\"_ _0\"></span>in cui <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>ragioni che <span class=\"_ _0\"></span>hanno <span class=\"_ _0\"></span>portat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>a r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vare <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>perdita di <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>siano r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mosse <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>seguit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> di un e<span class=\"_ _3\"></span>vento <span class=\"_ _3\"></span>verificatosi <span class=\"_ _3\"></span>successiva<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>al<span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>evazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _3\"></span>della <span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>iduzi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>v<span class=\"_ _0\"></span>alore, <span class=\"_ _8\"></span>si p<span class=\"_ _3\"></span>roc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>a <span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>egist<span class=\"_ _1\"></span>rare una <span class=\"_ _0\"></span>ripresa di <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>rile<span class=\"_ _1\"></span>vata a <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ono<span class=\"_ _1\"></span>mico. <span class=\"_ _0\"></span>L\u2019<span class=\"_ _1\"></span>eventuale <span class=\"_ _0\"></span>svalutazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll\u2019avviamento non <span class=\"_ _0\"></span>viene in n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssun c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iprist<span class=\"_ _1\"></span>inata.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-483": {
   "value": "Long Term Incentiv<span class=\"_ _1\"></span>e Plan (\u201cLTIP\u201d<span class=\"_ _3\"></span>) A <span class=\"_ _5\"></span>seguito <span class=\"_ _6\"></span>della <span class=\"_ _5\"></span>promozione <span class=\"_ _b\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>BBPM <span class=\"_ _6\"></span>Vita <span class=\"_ _5\"></span>dell\u2019offerta <span class=\"_ _5\"></span>pubblica <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>acq<span class=\"_ _1\"></span>uisto <span class=\"_ _6\"></span>volontaria <span class=\"_ _5\"></span>sulla<span class=\"_ _3\"></span> totalit\u00e0 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>azioni <span class=\"_ _5\"></span>ordinarie <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Anima <span class=\"_ _6\"></span>Holding <span class=\"_ _b\"></span>(OPA <span class=\"_ _5\"></span>B<span class=\"_ _0\"></span>BPM <span class=\"_ _5\"></span>Vita), <span class=\"_ _b\"></span>con <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>supp<span class=\"_ _1\"></span>orto <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>consulente legale <span class=\"_ _f\"> </span>este<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>ind<span class=\"_ _1\"></span>ipendente, <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ificati<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>i <span class=\"_ _f\"> </span>meccani<span class=\"_ _1\"></span>smi <span class=\"_ _6\"></span>di <span class=\"_ _f\"></span>ac<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>elerazione<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pr<span class=\"_ _0\"></span>ev<span class=\"_ _1\"></span>isti <span class=\"_ _6\"></span>dai <span class=\"_ _f\"> </span>pian<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>di inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>ne a lungo termine (<span class=\"ff5\">long term incentive <span class=\"_ _3\"></span>plan)<span class=\"ff2\"> <span class=\"_ _0\"></span>in essere (i <span class=\"_ _1\"></span>\u201cPiani di Incentivazione\u201d <span class=\"_ _1\"></span>o \u201cPiani\u201d), </span></span>in particolare:  <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il piano<span class=\"_ _1\"></span> di <span class=\"_ _3\"></span>incentivazione <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>lungo te<span class=\"_ _3\"></span>rmine app<span class=\"_ _1\"></span>rovato <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>all\u2019assem<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>lea <span class=\"_ _3\"></span>ordinaria <span class=\"_ _1\"></span>di A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _3\"></span>Holding </span></span>in <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>31 <span class=\"_ _f\"> </span>marzo <span class=\"_ _f\"> </span>2021 <span class=\"_ _f\"> </span>(\u201c<span class=\"_ _1\"></span>Long <span class=\"_ _f\"> </span>Term <span class=\"_ _f\"> </span>Incentive <span class=\"_ _f\"> </span>P<span class=\"_ _3\"></span>lan<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>21-2<span class=\"_ _1\"></span>3\u201d, <span class=\"_ _f\"> </span>\u201cPiano <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>1-<span class=\"_ _1\"></span>23\u201d <span class=\"_ _f\"> </span>o <span class=\"_ _f\"> </span>\u201cLTIP <span class=\"_ _f\"></span>21-23\u201d),<span class=\"_ _3\"></span> basato s<span class=\"_ _3\"></span>u propri <span class=\"_ _3\"></span>strumenti <span class=\"_ _3\"></span>finanziari da<span class=\"_ _3\"></span> asseg<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>arsi <span class=\"_ _3\"></span>gratuitamente, <span class=\"_ _3\"></span>ai se<span class=\"_ _3\"></span>nsi del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019art. <span class=\"_ _3\"></span>2349, p<span class=\"_ _1\"></span>rimo comma, <span class=\"_ _c\"> </span>cod<span class=\"_ _1\"></span>. <span class=\"_ _c\"> </span>civ.,  ai <span class=\"_ _c\"> </span>dipendenti <span class=\"_ _c\"> </span>e/<span class=\"_ _3\"></span>o <span class=\"_ _c\"> </span>categorie  d<span class=\"_ _0\"></span>i  dipendenti <span class=\"_ _c\"> </span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019Emittente  e  di<span class=\"_ _0\"></span>  societ\u00e0 <span class=\"_ _c\"> </span>da<span class=\"_ _3\"></span> quest\u2019ultimo <span class=\"_ _e\"> </span>controllate <span class=\"_ _19\"> </span>investiti <span class=\"_ _e\"> </span>di <span class=\"_ _19\"> </span>funzioni <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>r<span class=\"_ _0\"></span>uoli <span class=\"_ _e\"> </span>rilevanti <span class=\"_ _19\"> </span>all\u2019inter<span class=\"_ _1\"></span>no <span class=\"_ _19\"> </span>del <span class=\"_ _e\"> </span>Gruppo <span class=\"_ _19\"> </span>(i \u201cBeneficiari\u201d); <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il piano<span class=\"_ _1\"></span> di <span class=\"_ _3\"></span>incentivazione <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>lungo te<span class=\"_ _3\"></span>rmine app<span class=\"_ _1\"></span>rovato <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>all\u2019assem<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>lea <span class=\"_ _3\"></span>ordinaria <span class=\"_ _1\"></span>di A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _3\"></span>Holding </span></span>in <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>28 <span class=\"_ _f\"> </span>marzo <span class=\"_ _f\"> </span>2024 <span class=\"_ _f\"> </span>(\u201c<span class=\"_ _1\"></span>Long <span class=\"_ _f\"> </span>Term <span class=\"_ _f\"> </span>Incentive <span class=\"_ _f\"> </span>P<span class=\"_ _3\"></span>lan<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>24-2<span class=\"_ _1\"></span>6\u201d, <span class=\"_ _f\"> </span>\u201cPiano <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>4-<span class=\"_ _1\"></span>26\u201d <span class=\"_ _f\"> </span>o <span class=\"_ _f\"> </span>\u201cLTIP <span class=\"_ _f\"></span>24-26\u201d),<span class=\"_ _3\"></span> basato s<span class=\"_ _3\"></span>u propri <span class=\"_ _3\"></span>strumenti <span class=\"_ _3\"></span>finanziari da<span class=\"_ _3\"></span> asseg<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>arsi <span class=\"_ _3\"></span>gratuitamente, <span class=\"_ _3\"></span>ai se<span class=\"_ _3\"></span>nsi del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019art. <span class=\"_ _3\"></span>2349, p<span class=\"_ _1\"></span>rimo comma, <span class=\"_ _f\"> </span>cod<span class=\"_ _1\"></span>. <span class=\"_ _f\"> </span>civ.<span class=\"_ _1\"></span>, <span class=\"_ _f\"> </span>ai <span class=\"_ _6\"></span>dirigenti <span class=\"_ _f\"> </span>e <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>dipendenti <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nsiderati <span class=\"_ _f\"></span>\u201c<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>isorse <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>hiave\u201d <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>Emittente <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>di societ\u00e0 da quest\u2019ultim<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> cont<span class=\"_ _1\"></span>rollate (i \u201cBe<span class=\"_ _1\"></span>neficiari\u201d). Si rimanda ai termini e alle condizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni dei Piani di I<span class=\"_ _1\"></span>ncentivazio<span class=\"_ _1\"></span>ne, nonch\u00e9 alle caratteristic<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e dei diritti assegnati, <span class=\"_ _16\"> </span>co<span class=\"_ _0\"></span>me <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>escritti <span class=\"_ _16\"> </span>nei <span class=\"_ _16\"> </span>documenti <span class=\"_ _1f\"> </span>informativi <span class=\"_ _1f\"> </span>disponibili <span class=\"_ _16\"> </span>sul <span class=\"_ _1f\"> </span>sito <span class=\"_ _16\"> </span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>rn<span class=\"_ _0\"></span>et <span class=\"_ _16\"> </span>della <span class=\"_ _16\"> </span>Soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _16\"> </span>(i \u201cRegolamenti\u201d),  redatti <span class=\"_ _c\"> </span>ai<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>sensi  dell\u2019art.  114-bis  del  D<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>reto <span class=\"_ _c\"> </span>Le<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>islati<span class=\"_ _1\"></span>vo <span class=\"_ _c\"> </span>24<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>fe<span class=\"_ _1\"></span>bbraio  1998,  n.<span class=\"_ _0\"></span>  58, dell\u2019art. <span class=\"_ _6\"></span>84-b<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>s <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>Regolamento <span class=\"_ _6\"></span>adottato <span class=\"_ _6\"></span>dalla <span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nsob <span class=\"_ _f\"> </span>con <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>eli<span class=\"_ _1\"></span>bera <span class=\"_ _6\"></span>n. <span class=\"_ _6\"></span>1<span class=\"_ _0\"></span>1971 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _5\"></span>14<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>maggio <span class=\"_ _f\"> </span>1999<span class=\"_ _1\"></span> (\u201cRegolament<span class=\"_ _1\"></span>o <span class=\"_ _15\"> </span>Emittenti\u201d),<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>nonch\u00e9 <span class=\"_ _1f\"> </span>sulla <span class=\"_ _1f\"> </span>b<span class=\"_ _0\"></span>ase<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>dello <span class=\"_ _16\"> </span>schem<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>7 <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019Al<span class=\"_ _1\"></span>legato <span class=\"_ _1f\"> </span>3\u00b0 <span class=\"_ _1f\"> </span>del <span class=\"_ _1f\"> </span>Regolamento Emittenti. In <span class=\"_ _1d\"> </span>particolare, <span class=\"_ _1d\"> </span>entrambi <span class=\"_ _18\"> </span>i <span class=\"_ _1d\"> </span>R<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ola<span class=\"_ _1\"></span>menti <span class=\"_ _1d\"> </span>prevedono <span class=\"_ _18\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1c\"> </span>i <span class=\"_ _1d\"> </span>Piani <span class=\"_ _1d\"> </span>di <span class=\"_ _1d\"> </span>Incentivazio<span class=\"_ _1\"></span>ne <span class=\"_ _1d\"> </span>subirann<span class=\"_ _1\"></span>o un\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>cc<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>lerazione <span class=\"_ _0\"></span>\u201c<span class=\"ff5\">qualora<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>venisse <span class=\"_ _0\"></span>resa <span class=\"_ _0\"></span>pubblica <span class=\"_ _0\"></span>la promozione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>un\u2019offerta <span class=\"_ _0\"></span>pubblica <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>acquisto (O<span class=\"_ _0\"></span>PA)<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>[\u2026] </span>avente <span class=\"_ _e\"> </span>ad <span class=\"_ _19\"> </span>oggetto <span class=\"_ _e\"> </span>t<span class=\"_ _0\"></span>utte <span class=\"_ _e\"> </span>o <span class=\"_ _e\"> </span>parte <span class=\"_ _19\"> </span>delle <span class=\"_ _19\"> </span>Azioni <span class=\"_ _e\"> </span>della <span class=\"_ _e\"> </span>Societ\u00e0<span class=\"ff2\">\u201d. <span class=\"_ _e\"> </span>Con<span class=\"_ _0\"></span>se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uenteme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te, <span class=\"_ _e\"> </span>a <span class=\"_ _19\"> </span>seguito <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a </span>comunicazione <span class=\"_ _5\"></span>ai <span class=\"_ _6\"></span>sensi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ell\u2019a<span class=\"_ _1\"></span>rt. <span class=\"_ _5\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2, <span class=\"_ _5\"></span>comm<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>3 <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>TUF <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>art. <span class=\"_ _b\"></span>3<span class=\"_ _0\"></span>7-<span class=\"ff5\">ter<span class=\"_ _1\"></span><span class=\"ff2\">, <span class=\"_ _5\"></span>comma <span class=\"_ _5\"></span>3 <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _5\"></span>R<span class=\"_ _0\"></span>egolame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> </span></span>Emittenti con <span class=\"_ _0\"></span>cui BBPM <span class=\"_ _0\"></span>Vita,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>in d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>6 novembre 20<span class=\"_ _0\"></span>24, ha r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span> nota la <span class=\"_ _0\"></span>promozi<span class=\"_ _1\"></span>one d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019OPA BBPM Vita <span class=\"_ _3\"></span>attraverso <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>deposito<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>presso <span class=\"_ _3\"></span>Consob <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>do<span class=\"_ _1\"></span>cumento <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>offerta, <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>Piani <span class=\"_ _3\"></span>devono <span class=\"_ _8\"></span>i<span class=\"_ _0\"></span>nte<span class=\"_ _1\"></span>ndersi <span class=\"_ _3\"></span>accelerati<span class=\"_ _1\"></span> con <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>inizione <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i matur<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>consegue<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>iscri<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>anticipata <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>costi <span class=\"_ _0\"></span>residuali <span class=\"_ _0\"></span>dei Piani. Aspetti contabi<span class=\"_ _1\"></span>li Ai <span class=\"_ _3\"></span>sensi del <span class=\"_ _3\"></span>prin<span class=\"_ _1\"></span>cipio <span class=\"_ _3\"></span>contabile i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ter<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>nale <span class=\"_ _3\"></span>IFR<span class=\"_ _0\"></span>S <span class=\"_ _8\"></span>2, <span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>Piani<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>considerarsi <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>pagamento <span class=\"_ _3\"></span>basato su <span class=\"_ _b\"></span>strumenti<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>rappresentat<span class=\"_ _1\"></span>ivi <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>capitale <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>fronte <span class=\"_ _0\"></span>della <span class=\"_ _b\"></span>prestazione<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>lavorativa <span class=\"_ _0\"></span>offerta <span class=\"_ _0\"></span>dal <span class=\"_ _b\"></span>Beneficiario<span class=\"_ _3\"></span> dur<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nte la durata di attuazione de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li stessi,<span class=\"_ _3\"></span> e <span class=\"_ _0\"></span>so<span class=\"_ _1\"></span>no da ritenersi <span class=\"ff5\">equity<span class=\"_ _3\"></span>-s<span class=\"_ _0\"></span>ettled<span class=\"ff2\"> (<span class=\"_ _3\"></span>sald<span class=\"_ _0\"></span>ato t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>amite azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni).<span class=\"_ _3\"></span> </span></span>Pertanto, <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>\u2019i<span class=\"_ _1\"></span>mpresa <span class=\"_ _b\"></span>riceve <span class=\"_ _5\"></span>servizi <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>nd<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>cambio <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>strumenti <span class=\"_ _b\"></span>rappresentativi <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>capitale. Essendovi <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>ggetti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>impossibilit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>stim<span class=\"_ _0\"></span>are<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>il <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>ricevuti, <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _6\"></span>value <span class=\"_ _5\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Piani <span class=\"_ _6\"></span>\u00e8<span class=\"_ _4a1\"> </span>stimato <span class=\"_ _f\"> </span>facend<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>riferiment<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>fair <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>alue, <span class=\"_ _6\"></span>alle <span class=\"_ _f\"> </span>rispettive <span class=\"_ _f\"> </span>date<span class=\"_ _3\"></span>  di<span class=\"_ _3\"></span>  a<span class=\"_ _1\"></span>ssegnazione <span class=\"_ _f\"> </span>(<span class=\"_ _1\"></span>\u201cGrant <span class=\"_ _6\"></span>D<span class=\"_ _0\"></span>ate\u201d),<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>degli strumenti rapp<span class=\"_ _1\"></span>resentativi del capitale <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ell\u2019impresa <span class=\"_ _3\"></span>assegn<span class=\"_ _0\"></span>ati (<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> \u201c<span class=\"_ _1\"></span>Diritti\u201d). Conseguentemente,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>Grant Date, <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>Diritt<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>attribuiti <span class=\"_ _0\"></span>costituisc<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>specifi<span class=\"_ _1\"></span>ci <span class=\"_ _b\"></span>pia<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>in f<span class=\"_ _0\"></span>unzione del rispettivo fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue indivi<span class=\"_ _1\"></span>duato, con oppo<span class=\"_ _1\"></span>rtuna distinta <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>uantifi<span class=\"_ _1\"></span>cazione. Tale f<span class=\"_ _0\"></span>air value, <span class=\"_ _0\"></span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minato al momento <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll\u2019iscrizione iniziale, non <span class=\"_ _0\"></span>viene pi\u00f9 <span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>odificato: le v<span class=\"_ _0\"></span>ariazioni successive  sono  determinate  unicamente  dall\u2019evoluzione  delle  condizio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i  di  maturazione  (vesting<span class=\"_ _1\"></span> conditions). Anima Holding si \u00e8 avvalsa di un <span class=\"_ _1\"></span>consulente esterno indipen<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ente per la stima<span class=\"_ _1\"></span> del fair value attrib<span class=\"_ _1\"></span>u<span class=\"_ _0\"></span>ito a <span class=\"_ _1\"></span>ciascuna Grant <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ate, <span class=\"_ _3\"></span>stima e<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>uata a<span class=\"_ _1\"></span>ttraverso metodi e <span class=\"_ _3\"></span>ipotesi i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nea con <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>norm<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ente <span class=\"_ _3\"></span>in conformit\u00e0 alle p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>evisioni <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>all\u2019I<span class=\"_ _1\"></span>nternational Accounting Stan<span class=\"_ _1\"></span>dards Board ri<span class=\"_ _1\"></span>gu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rdo i \u201cpagamenti basati<span class=\"_ _3\"></span> su azioni\u201d, secondo<span class=\"_ _1\"></span> quanto dispost<span class=\"_ _1\"></span>o dal principio <span class=\"_ _1\"></span>contabile IFRS 2. Il <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>ciascuna <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span>le <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndizioni <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _5\"></span>Piani <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>eterminato <span class=\"_ _5\"></span>moltiplicando <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il num<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o  dei  Di<span class=\"_ _0\"></span>ritt<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>che, <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>er  c<span class=\"_ _0\"></span>ias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una  condizione,  si <span class=\"_ _c\"> </span>prevede  diventeranno <span class=\"_ _c\"> </span>esi<span class=\"_ _1\"></span>gibili <span class=\"_ _c\"> </span>al  termine <span class=\"_ _c\"> </span>del<span class=\"_ _1\"></span> periodo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>maturazione <span class=\"_ _6\"></span>stimato <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>assegnazione. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>stima <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>D<span class=\"_ _0\"></span>iritti <span class=\"_ _5\"></span>dipende <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lle <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>potesi<span class=\"_ _3\"></span> riguardanti <span class=\"_ _0\"></span>il num<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o di <span class=\"_ _0\"></span>Beneficiari ch<span class=\"_ _0\"></span>e si <span class=\"_ _0\"></span>prevede siano <span class=\"_ _0\"></span>ancora in<span class=\"_ _0\"></span> servizio <span class=\"_ _0\"></span>al termine <span class=\"_ _0\"></span>di c<span class=\"_ _0\"></span>iasc<span class=\"_ _1\"></span>un <span class=\"_ _0\"></span>Ciclo (<span class=\"ff5\">service <span class=\"_ _f\"> </span>condition</span>)<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>probabi<span class=\"_ _1\"></span>lit\u00e0 <span class=\"_ _f\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>soddisfacime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>ondiz<span class=\"_ _1\"></span>ioni <span class=\"_ _f\"> </span>non<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>mercat<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>(<span class=\"ff5\">performance </span>condition<span class=\"ff2\">): per e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>trambe le ip<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>tesi, <span class=\"_ _1\"></span>la valutazione ef<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ettuata a cias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ant Date \u00e8 <span class=\"_ _1\"></span>stata del 100%<span class=\"_ _1\"></span> </span>Il c<span class=\"_ _1\"></span>osto <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>condizioni <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei<span class=\"_ _1\"></span> Pian<span class=\"_ _3\"></span>i deve <span class=\"_ _3\"></span>essere all<span class=\"_ _3\"></span>ocato p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>oporzionalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>lungo i<span class=\"_ _3\"></span>l per<span class=\"_ _1\"></span>iodo di <span class=\"_ _16\"> </span>maturazione <span class=\"_ _16\"> </span>stimato. <span class=\"_ _16\"> </span>La <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levazione <span class=\"_ _16\"> </span>del <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>ost<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>v<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>eff<span class=\"_ _0\"></span>ettuata <span class=\"_ _c\"> </span>in <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>all\u2019entit\u00e0 <span class=\"_ _c\"> </span>con<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>qu<span class=\"_ _0\"></span>ale <span class=\"_ _c\"> </span>il Beneficiario intrattie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>orto di <span class=\"_ _1\"></span>lavoro o <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>orni<span class=\"_ _3\"></span>sc<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>la prestazione lav<span class=\"_ _1\"></span>orativa (attra<span class=\"_ _1\"></span>verso il<span class=\"_ _1\"></span> distacco di <span class=\"_ _c\"> </span>pers<span class=\"_ _1\"></span>onale); <span class=\"_ _c\"> </span>per  essa, <span class=\"_ _c\"> </span>a  ogni  d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>di  r<span class=\"_ _0\"></span>ep<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rting,<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>la <span class=\"_ _c\"> </span>rile<span class=\"_ _1\"></span>vazione <span class=\"_ _c\"> </span>del  costo  di <span class=\"_ _c\"> </span>competenza  avviene imputando <span class=\"_ _f\"></span>l\u2019am<span class=\"_ _1\"></span>montare <span class=\"_ _f\"></span>a <span class=\"_ _6\"></span>\u201c<span class=\"_ _0\"></span>Sp<span class=\"_ _1\"></span>ese <span class=\"_ _f\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _f\"> </span>personale\u201d <span class=\"_ _f\"> </span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>tr<span class=\"_ _1\"></span>opartita<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>Riserva <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>Patrimonio<span class=\"_ _3\"></span>  Netto<span class=\"_ _3\"></span> \u201cAltri strumenti rapp<span class=\"_ _1\"></span>resentativi di patri<span class=\"_ _1\"></span>monio nett<span class=\"_ _1\"></span>o\u201d. La <span class=\"_ _1f\"> </span>stima <span class=\"_ _15\"> </span>del <span class=\"_ _15\"> </span>numero <span class=\"_ _15\"> </span>dei <span class=\"_ _1f\"> </span>Diritti <span class=\"_ _1f\"> </span>che <span class=\"_ _15\"> </span>si <span class=\"_ _15\"> </span>ritiene <span class=\"_ _1f\"> </span>diventer\u00e0 <span class=\"_ _1f\"> </span>esigibile <span class=\"_ _1f\"> </span>all<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>sc<span class=\"_ _0\"></span>ade<span class=\"_ _1\"></span>nza <span class=\"_ _1f\"> </span>del <span class=\"_ _15\"> </span>periodo <span class=\"_ _15\"> </span>di maturazione <span class=\"_ _0\"></span>va r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vista <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>ogni data <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ep<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>fin<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>scadenza del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iodo <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>maturazione, <span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uando diventa <span class=\"_ _0\"></span>definito <span class=\"_ _0\"></span>il n<span class=\"_ _0\"></span>umer<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ale dei <span class=\"_ _0\"></span>Diritti <span class=\"_ _0\"></span>maturati <span class=\"_ _0\"></span>dai <span class=\"_ _0\"></span>Beneficiari <span class=\"_ _0\"></span>(il <span class=\"_ _0\"></span>fai<span class=\"_ _1\"></span>r <span class=\"_ _0\"></span>value <span class=\"_ _0\"></span>invece <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>viene <span class=\"_ _0\"></span>mai rideterminato nell\u2019a<span class=\"_ _1\"></span>rco dei Piani). In <span class=\"_ _b\"></span>caso <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ione <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>stima <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>iziale <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>umer<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>iritti, <span class=\"_ _0\"></span>la <span class=\"_ _b\"></span>variazione <span class=\"_ _b\"></span>avviene <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minand<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a stima <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>umu<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ato <span class=\"_ _f\"> </span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>data <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>iscrive<span class=\"_ _1\"></span>ndone <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>e<span class=\"_ _1\"></span>ffetti <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>onto<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>economic<span class=\"_ _1\"></span>o, <span class=\"_ _f\"> </span>al <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>etto <span class=\"_ _6\"></span>del <span class=\"_ _f\"> </span>costo cumulato iscritto ne<span class=\"_ _1\"></span>lle precedenti <span class=\"_ _1\"></span>date di reportin<span class=\"_ _1\"></span>g.  Si <span class=\"_ _1f\"> </span>preci<span class=\"_ _0\"></span>sa<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>che, <span class=\"_ _1f\"> </span>in <span class=\"_ _1f\"> </span>forza <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019applicazione<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _1f\"> </span>p<span class=\"_ _1\"></span>rincipio <span class=\"_ _1f\"> </span>IFRS <span class=\"_ _1f\"> </span>2, <span class=\"_ _1f\"> </span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>mancato <span class=\"_ _1f\"> </span>raggiungimento <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> Condizioni di me<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cato n<span class=\"_ _1\"></span>on determina la ri-mis<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>razi<span class=\"_ _1\"></span>one del costo del Pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>. Al termine del peri<span class=\"_ _1\"></span>odo di maturazio<span class=\"_ _1\"></span>ne si possono v<span class=\"_ _1\"></span>erificare le segue<span class=\"_ _1\"></span>nti situazioni:<span class=\"_ _1\"></span> -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">le <span class=\"_ _3\"></span>vesting c<span class=\"_ _3\"></span>ond<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span>on (se<span class=\"_ _3\"></span>rv<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ce e<span class=\"_ _3\"></span> performance <span class=\"_ _3\"></span>condition) <span class=\"_ _3\"></span>non s<span class=\"_ _1\"></span>ono, <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n t<span class=\"_ _3\"></span>utto o <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>parte, soddisfatte,<span class=\"_ _3\"></span> </span></span>pertanto <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>costo <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>Diritti <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>asseg<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>\u00e8 r<span class=\"_ _0\"></span>ilevato<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>stornando <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Riser<span class=\"_ _1\"></span>va <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Patrimonio <span class=\"_ _0\"></span>Netto \u201cAltri  st<span class=\"_ _1\"></span>rumenti<span class=\"_ _1\"></span>  rapp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esentati<span class=\"_ _1\"></span>vi <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>  p<span class=\"_ _1\"></span>atrimonio <span class=\"_ _f\"></span>netto\u201d <span class=\"_ _f\"> </span>contro <span class=\"_ _f\"> </span>\u201cSpese <span class=\"_ _f\"> </span>per  i<span class=\"_ _3\"></span>l  perso<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ale\u201d<span class=\"_ _1\"></span>  p<span class=\"_ _1\"></span>er <span class=\"_ _f\"> </span>il mancato soddisfaciment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> della c<span class=\"_ _3\"></span>ond<span class=\"_ _0\"></span>izi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne;<span class=\"_ _3\"></span> -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">le <span class=\"_ _3\"></span>vesting condit<span class=\"_ _1\"></span>ion (se<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>vice <span class=\"_ _3\"></span>e performan<span class=\"_ _1\"></span>ce <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onditio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>) so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o, <span class=\"_ _3\"></span>in tutto <span class=\"_ _3\"></span>o in <span class=\"_ _1\"></span>parte, so<span class=\"_ _3\"></span>ddisfatte: al<span class=\"_ _1\"></span>la </span></span>maturazione  definitiva  de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>  costo<span class=\"_ _1\"></span>  dei  Piani,  il  prin<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipio  c<span class=\"_ _1\"></span>ontabile  IFRS  2  no<span class=\"_ _1\"></span>n  d<span class=\"_ _0\"></span>etta<span class=\"_ _1\"></span>  i  criteri contabili <span class=\"_ _16\"> </span>per <span class=\"_ _1f\"> </span>questo <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>aso <span class=\"_ _16\"> </span>e, <span class=\"_ _1f\"> </span>pertanto, <span class=\"_ _16\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>Societ<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _1f\"> </span>ha <span class=\"_ _1f\"> </span>selezionato<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>quale <span class=\"_ _16\"> </span>criterio <span class=\"_ _1f\"> </span>quello <span class=\"_ _16\"> </span>di effettuare una<span class=\"_ _3\"></span> r<span class=\"_ _0\"></span>iclass<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>fica <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>ise<span class=\"_ _1\"></span>rva di Pa<span class=\"_ _1\"></span>trimonio Nett<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>Altri st<span class=\"_ _3\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>nti rappresentati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> di patrimonio netto\u201d alla <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>oce \u201cAlt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e riser<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e\u201d. LTIP 21-23 A <span class=\"_ _b\"></span>servizio <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Piano <span class=\"_ _b\"></span>Long<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Term <span class=\"_ _b\"></span>Incentive <span class=\"_ _b\"></span>2021-2023 <span class=\"_ _b\"></span>era <span class=\"_ _b\"></span>previsto <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>aumento <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>capitale <span class=\"_ _b\"></span>sociale <span class=\"_ _b\"></span>a titolo  g<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atuit<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>del<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span>  Societ\u00e0, <span class=\"_ _f\"> </span>fino <span class=\"_ _f\"> </span>ad <span class=\"_ _f\"> </span>un  massi<span class=\"_ _1\"></span>mo <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>2,85% <span class=\"_ _f\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>capitale <span class=\"_ _f\"> </span>sociale <span class=\"_ _f\"> </span>(pari  a<span class=\"_ _3\"></span>  u<span class=\"_ _1\"></span>n <span class=\"_ _f\"> </span>n<span class=\"_ _0\"></span>umer<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> massimo  di <span class=\"_ _f\"> </span>10.506.120  A<span class=\"_ _1\"></span>zioni) <span class=\"_ _f\"> </span>alla  data <span class=\"_ _f\"> </span>di  appro<span class=\"_ _1\"></span>vazion<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>del  Pia<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>21-23.  A <span class=\"_ _f\"> </span>tale  s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>opo  e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>stata approvata <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>all\u2019Asse<span class=\"_ _3\"></span>mb<span class=\"_ _0\"></span>lea <span class=\"_ _e\"> </span>Straordinaria <span class=\"_ _e\"> </span>di <span class=\"_ _19\"> </span>Anima <span class=\"_ _e\"> </span>Ho<span class=\"_ _0\"></span>ldin<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>, <span class=\"_ _19\"> </span>nell\u2019aduna<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _e\"> </span>del <span class=\"_ _19\"> </span>31 <span class=\"_ _19\"> </span>marzo <span class=\"_ _19\"> </span>2021, l\u2019attribuzione di una <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>lega <span class=\"_ _0\"></span>al<span class=\"_ _1\"></span> Consiglio di <span class=\"_ _0\"></span>A<span class=\"_ _1\"></span>mministrazione, ex art. 2<span class=\"_ _0\"></span>443<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Codice Civile, <span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>aumentare gratuitamente <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _b\"></span>sociale, <span class=\"_ _5\"></span>in <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>pi\u00f9 <span class=\"_ _5\"></span>tranche, <span class=\"_ _b\"></span>a <span class=\"_ _5\"></span>norma <span class=\"_ _b\"></span>dell\u2019art. <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>349, <span class=\"_ _b\"></span>primo <span class=\"_ _b\"></span>comma, <span class=\"_ _5\"></span>Codice Civile, <span class=\"_ _1\"></span>utilizzando <span class=\"_ _3\"></span>un <span class=\"_ _1\"></span>ammontare <span class=\"_ _3\"></span>corrispondente <span class=\"_ _3\"></span>agli <span class=\"_ _1\"></span>utili<span class=\"_ _1\"></span> e/o <span class=\"_ _3\"></span>riserve <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> uti<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>quali <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>sulta<span class=\"_ _1\"></span>nti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>bilancio di <span class=\"_ _0\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>di volta <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>volta approvato, fino <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>un importo m<span class=\"_ _0\"></span>assi<span class=\"_ _3\"></span>mo<span class=\"_ _0\"></span> di <span class=\"_ _0\"></span>Euro 207.816,58. In<span class=\"_ _0\"></span> aggiunta <span class=\"_ _0\"></span>o in <span class=\"_ _b\"></span>alte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>nati<span class=\"_ _1\"></span>va <span class=\"_ _0\"></span>anche <span class=\"_ _0\"></span>parziale <span class=\"_ _0\"></span>all'a<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>mento del <span class=\"_ _0\"></span>capitale <span class=\"_ _0\"></span>sociale, <span class=\"_ _0\"></span>Anima Ho<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ding <span class=\"_ _0\"></span>poteva<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>altres\u00ec <span class=\"_ _0\"></span>attribuire<span class=\"_ _1\"></span> ai Beneficiari azion<span class=\"_ _1\"></span>i proprie, detenute i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> po<span class=\"_ _1\"></span>rtafoglio dalla Societ\u00e0. Il <span class=\"_ _f\"></span>Pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>21-23 <span class=\"_ _6\"></span>era <span class=\"_ _6\"></span>fin<span class=\"_ _0\"></span>alizza<span class=\"_ _1\"></span>to <span class=\"_ _6\"></span>a <span class=\"_ _f\"></span>(i)<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>mante<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ere<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _1\"></span>ocus <span class=\"_ _6\"></span>sul <span class=\"_ _f\"></span>c<span class=\"_ _1\"></span>onseguimento <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _6\"></span>obiettivi <span class=\"_ _6\"></span>strategici <span class=\"_ _6\"></span>a medio-lungo termi<span class=\"_ _1\"></span>ne del <span class=\"_ _0\"></span>G<span class=\"_ _3\"></span>ruppo, (<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>) rafforzare<span class=\"_ _1\"></span>, in un ori<span class=\"_ _0\"></span>zz<span class=\"_ _1\"></span>onte di lungo peri<span class=\"_ _1\"></span>odo, l'allineamento tra <span class=\"_ _1\"></span>gli interessi <span class=\"_ _c\"> </span>dei <span class=\"_ _c\"> </span>Beneficiari <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>quell<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>degli <span class=\"_ _c\"> </span>azionisti <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>degli <span class=\"_ _c\"> </span>stakeh<span class=\"_ _1\"></span>old<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>Grupp<span class=\"_ _1\"></span>o, <span class=\"_ _c\"> </span>(iii) <span class=\"_ _c\"> </span>sostenere <span class=\"_ _c\"> </span>la creazione d<span class=\"_ _1\"></span>i val<span class=\"_ _1\"></span>ore e <span class=\"_ _3\"></span>la respo<span class=\"_ _1\"></span>nsabilit\u00e0 <span class=\"_ _1\"></span>sociale d<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>imp<span class=\"_ _3\"></span>resa nel <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ngo te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>mine <span class=\"_ _3\"></span>e (iv) <span class=\"_ _3\"></span>favorire l\u2019<span class=\"ff5\">attraction<span class=\"_ _1\"></span><span class=\"ff2\"> e <span class=\"_ _3\"></span>la </span></span>fidelizzazione delle <span class=\"_ _1\"></span>\u201crisorse chia<span class=\"_ _1\"></span>ve\u201d per il conse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uimento delle<span class=\"_ _1\"></span> direttrici strategic<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e del Gruppo.<span class=\"_ _1\"></span> L\u2019esercizio <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>diritti <span class=\"_ _6\"></span>era <span class=\"_ _5\"></span>subordinat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giungimento <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nati <span class=\"_ _5\"></span>obi<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>ivi <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>performance <span class=\"_ _5\"></span>nel corso <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>tre <span class=\"_ _b\"></span>periodi <span class=\"_ _b\"></span>t<span class=\"_ _1\"></span>riennali <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>attuazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>21-23 <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>\u201c<span class=\"_ _1\"></span>Ciclo <span class=\"_ _b\"></span>21-23\u201d, <span class=\"_ _b\"></span>\u201cCicl<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>22-24\u201d <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>\u201cCiclo <span class=\"_ _0\"></span>23-<span class=\"_ _4a1\"> </span>25\u201d). Si <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>invia <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>quan<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>illustrato <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _b\"></span>\u201cNota <span class=\"_ _6\"></span>integrativ<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>onso<span class=\"_ _1\"></span>lidata <span class=\"_ _6\"></span>\u2013 <span class=\"_ _5\"></span>Parte <span class=\"_ _6\"></span>A <span class=\"_ _6\"></span>- <span class=\"_ _6\"></span>Politic<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>contabili <span class=\"_ _5\"></span>\u2013 <span class=\"_ _6\"></span>A.2 Parte <span class=\"_ _0\"></span>relativ<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>principal<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>voc<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>el bi<span class=\"_ _0\"></span>lan<span class=\"_ _1\"></span>cio <span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span> Long <span class=\"_ _0\"></span>Term<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>I<span class=\"_ _1\"></span>ncentive <span class=\"_ _0\"></span>Plan <span class=\"_ _0\"></span>(\u201cLTIP\u201d) <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>LTIP <span class=\"_ _0\"></span>2021-2023\u201d del <span class=\"_ _15\"> </span>Bilancio <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>onso<span class=\"_ _1\"></span>lidato <span class=\"_ _1f\"> </span>al <span class=\"_ _15\"> </span>31 <span class=\"_ _1f\"> </span>dicembre <span class=\"_ _15\"> </span>2023 <span class=\"_ _16\"> </span>per <span class=\"_ _1f\"> </span>g<span class=\"_ _0\"></span>li <span class=\"_ _1f\"> </span>aspetti <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>ontabil<span class=\"_ _1\"></span>i <span class=\"_ _1f\"> </span>e <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>dettagli <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>ias<span class=\"_ _1\"></span>cuna assegnazione dei D<span class=\"_ _1\"></span>iritti/riquantificazio<span class=\"_ _1\"></span>ni effettuat<span class=\"_ _3\"></span>e a tutto il 31 dicembre 20<span class=\"_ _1\"></span>23.  Si seg<span class=\"_ _0\"></span>nala che <span class=\"_ _0\"></span>nel c<span class=\"_ _0\"></span>ors<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span> 2024 \u00e8 <span class=\"_ _0\"></span>stato <span class=\"_ _0\"></span>possibile effettuare la <span class=\"_ _0\"></span>verifica d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nitiva <span class=\"_ _0\"></span>del r<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giungi<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> di <span class=\"_ _1f\"> </span>alcune <span class=\"_ _16\"> </span>condizioni <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>esercizio <span class=\"_ _1f\"> </span>riferite <span class=\"_ _16\"> </span>al <span class=\"_ _1f\"> </span>Ciclo <span class=\"_ _16\"> </span>21-23 <span class=\"_ _1f\"> </span>che <span class=\"_ _16\"> </span>alla <span class=\"_ _1f\"> </span>data <span class=\"_ _16\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>edazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>B<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>lancio Consolidato <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>31 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _e\"> </span>2023 <span class=\"_ _e\"> </span>risultavano <span class=\"_ _d\"> </span>anc<span class=\"_ _0\"></span>ora <span class=\"_ _d\"> </span>q<span class=\"_ _0\"></span>ua<span class=\"_ _1\"></span>ntificate <span class=\"_ _e\"> </span>in <span class=\"_ _19\"> </span>modalit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>provvisoria. <span class=\"_ _e\"> </span>In particolare:  <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">la <span class=\"_ _b\"></span>condizione <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>mercato <span class=\"_ _0\"></span>LRN <span class=\"_ _b\"></span>gestioni <span class=\"_ _b\"></span>patrimo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>iali, <span class=\"_ _0\"></span>definita <span class=\"_ _b\"></span>sulla <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _0\"></span>dei <span class=\"_ _b\"></span>dati <span class=\"_ _0\"></span>contenuti </span></span>nella <span class=\"_ _e\"> </span>Mappa <span class=\"_ _d\"> </span>tri<span class=\"_ _0\"></span>mestrale <span class=\"_ _e\"> </span>Ass<span class=\"_ _1\"></span>ogestioni <span class=\"_ _d\"> </span>del <span class=\"_ _19\"> </span>IV\u00b0 <span class=\"_ _e\"> </span>trimestre <span class=\"_ _e\"> </span>2023, <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _e\"> </span>risultata <span class=\"_ _e\"> </span>parzialmente<span class=\"_ _3\"></span> soddisfatta <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>comportato <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>percentuale <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>asse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nazione <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>Diritti <span class=\"_ _3\"></span>esercitabili <span class=\"_ _3\"></span>del 1<span class=\"_ _3\"></span>4,<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>1% (precedente <span class=\"_ _b\"></span>valorizzazione <span class=\"_ _b\"></span>stimata <span class=\"_ _b\"></span>contenuta<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>nel <span class=\"_ _b\"></span>Bilancio <span class=\"_ _b\"></span>Consolidato <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>31 <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cembre <span class=\"_ _b\"></span>2023 pari al 15,21%); <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">la <span class=\"_ _f\"> </span>condizione <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>mercato <span class=\"_ _f\"> </span>LRN <span class=\"_ _f\"> </span>gestioni <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ollettive, <span class=\"_ _f\"> </span>anch\u2019essa <span class=\"_ _f\"></span>defin<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ta <span class=\"_ _6\"></span>su<span class=\"_ _0\"></span>lla <span class=\"_ _f\"> </span>base <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>dati<span class=\"_ _1\"></span> </span></span>contenuti nella Map<span class=\"_ _1\"></span>pa trimestrale Asso<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>estioni <span class=\"_ _1\"></span>del IV\u00b0 trimestre 20<span class=\"_ _1\"></span>23, \u00e8 risultata conferma<span class=\"_ _1\"></span>ta com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> non<span class=\"_ _0\"></span> s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ddis<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>atta<span class=\"_ _1\"></span>, con conseguente man<span class=\"_ _1\"></span>cata assegnazione dei <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>iritti eser<span class=\"_ _1\"></span>citabili. In <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>28 <span class=\"_ _0\"></span>marzo <span class=\"_ _0\"></span>2024, con <span class=\"_ _0\"></span>l\u2019approvazione del <span class=\"_ _0\"></span>Bilancio <span class=\"_ _0\"></span>d\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>So<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _0\"></span>al 3<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dicembre <span class=\"_ _0\"></span>2023 da <span class=\"_ _f\"> </span>parte <span class=\"_ _f\"> </span>dell\u2019Assem<span class=\"_ _1\"></span>blea, <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>concluso <span class=\"_ _f\"> </span>il<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>Periodo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>Matu<span class=\"_ _1\"></span>razione <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>Ci<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>lo <span class=\"_ _f\"> </span>21-23 <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>con<span class=\"_ _1\"></span>seguente cessazione d<span class=\"_ _0\"></span>ella r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione d<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>su<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>costi nel <span class=\"_ _0\"></span>Conto <span class=\"_ _0\"></span>Economico <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Gruppo<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>determinazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>di n<span class=\"_ _0\"></span>\u00b0 1.760.051 <span class=\"_ _3\"></span>Diritti <span class=\"_ _3\"></span>esercitabili <span class=\"_ _3\"></span>dai <span class=\"_ _3\"></span>Benefi<span class=\"_ _1\"></span>ciari, <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>complessivamente <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>53,48% <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>Diritti <span class=\"_ _3\"></span>disponibili <span class=\"_ _3\"></span>del Ciclo  2<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>-2<span class=\"_ _1\"></span>3. <span class=\"_ _f\"> </span>Successivamente, <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>data <span class=\"_ _f\"> </span>4 <span class=\"_ _f\"> </span>aprile <span class=\"_ _f\"> </span>2024,  s<span class=\"_ _3\"></span>ono  st<span class=\"_ _1\"></span>ate <span class=\"_ _f\"> </span>esercitate <span class=\"_ _f\"> </span>dai <span class=\"_ _f\"> </span>Beneficiari <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>Diritti relativi <span class=\"_ _5\"></span>al <span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>clo <span class=\"_ _6\"></span>21-23, <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _5\"></span>conseguente <span class=\"_ _5\"></span>assegnazione <span class=\"_ _6\"></span>gratuita <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>n\u00b0 <span class=\"_ _6\"></span>1.760.051 <span class=\"_ _6\"></span>azioni <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>Societ\u00e0, attraverso l\u2019utilizz<span class=\"_ _1\"></span>o di azioni proprie <span class=\"_ _1\"></span>detenute nel portafoglio<span class=\"_ _1\"></span> dalla stessa. <span class=\"_ _3\"></span> Inoltre, <span class=\"_ _b\"></span>nel <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>orso <span class=\"_ _b\"></span>dell\u2019esercizio, <span class=\"_ _b\"></span>sono <span class=\"_ _5\"></span>state <span class=\"_ _b\"></span>effettu<span class=\"_ _3\"></span>ate <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>riquantificazioni <span class=\"_ _b\"></span>dei <span class=\"_ _5\"></span>Diritti <span class=\"_ _b\"></span>esercitabili <span class=\"_ _5\"></span>in seguito <span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ll\u2019uscita <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>taluni <span class=\"_ _5\"></span>Beneficia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>che, <span class=\"_ _6\"></span>ai <span class=\"_ _5\"></span>sensi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>Regolament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>del <span class=\"_ _6\"></span>Piano <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>1-23,<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ha com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>tato<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>il <span class=\"_ _f\"> </span>dec<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ime<span class=\"_ _1\"></span>nto  totale  o  parziale <span class=\"_ _f\"> </span>del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>a  f<span class=\"_ _0\"></span>acolt\u00e0  d\u2019e<span class=\"_ _1\"></span>sercizio  dei  Diritti<span class=\"_ _1\"></span>  precedentemente<span class=\"_ _3\"></span> attribuiti <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>Grant Date <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5/<span class=\"_ _1\"></span>05/2021 <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>misura pari <span class=\"_ _b\"></span>allo <span class=\"_ _0\"></span>0,15%<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>Diritti <span class=\"_ _0\"></span>totali <span class=\"_ _0\"></span>riferiti <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Ciclo 22<span class=\"_ _0\"></span>-<span class=\"_ _4a1\"> </span>24 <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>allo <span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>,58% d<span class=\"_ _0\"></span>ei Diritti <span class=\"_ _0\"></span>totali r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>eriti al <span class=\"_ _0\"></span>Ciclo 2<span class=\"_ _0\"></span>3-25 <span class=\"_ _0\"></span>e (ii)<span class=\"_ _0\"></span> alla <span class=\"_ _0\"></span>Grant Date <span class=\"_ _0\"></span>20/04/<span class=\"_ _1\"></span>2023 <span class=\"_ _0\"></span>in m<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ra <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ri allo 0,24% dei Di<span class=\"_ _1\"></span>ritti totali riferiti a<span class=\"_ _1\"></span>l Ciclo 23-25. Si r<span class=\"_ _0\"></span>icorda ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> data <span class=\"_ _0\"></span>7 <span class=\"_ _0\"></span>maggi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>24, <span class=\"_ _0\"></span>\u00e8 stato <span class=\"_ _0\"></span>assegnato un <span class=\"_ _0\"></span>ulteriore 0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>5% d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> Diritti <span class=\"_ _0\"></span>totali (riferiti <span class=\"_ _0\"></span>al Ciclo <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>3-<span class=\"_ _1\"></span>25) <span class=\"_ _f\"> </span>a <span class=\"_ _5\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Ben<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ciari <span class=\"_ _f\"></span>(d<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>cui <span class=\"_ _5\"></span>n\u00b0 <span class=\"_ _f\"> </span>3 <span class=\"_ _f\"> </span>Be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>eficia<span class=\"_ _1\"></span>ri <span class=\"_ _f\"> </span>gi\u00e0 <span class=\"_ _6\"></span>selezionati <span class=\"_ _6\"></span>alla <span class=\"_ _f\"> </span>data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>assegnazione <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _5\"></span>25 maggio <span class=\"_ _0\"></span>2021) <span class=\"_ _0\"></span>individuati <span class=\"_ _0\"></span>dall\u2019Amministrato<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>ele<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ato <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _0\"></span>Holding <span class=\"_ _0\"></span>(\u201cGrant <span class=\"_ _0\"></span>Date <span class=\"_ _0\"></span>7/05/2024\u201d);<span class=\"_ _3\"></span> si evidenziano qui di <span class=\"_ _3\"></span>segui<span class=\"_ _0\"></span>to <span class=\"_ _1\"></span>i valori di fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue co<span class=\"_ _1\"></span>rrelati: (i)<span class=\"ff4 fs5\"> <span class=\"_ _172\"> </span></span>alle Condizioni no<span class=\"_ _1\"></span>n di mercato - pari a <span class=\"_ _1\"></span>Euro 4,24,  (ii)<span class=\"ff4 fs5\"> <span class=\"_ _173\"> </span></span>alla Condizione di me<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cato TRS It<span class=\"_ _1\"></span>alia - pari a Euro<span class=\"_ _1\"></span> 1,55 e  (iii)<span class=\"ff4 fs5\"> <span class=\"_ _6f\"> </span></span>alla Condizione di me<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>ato T<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>S E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ropa<span class=\"_ _1\"></span> - pari ad Eur<span class=\"_ _1\"></span>o 3,42. Il <span class=\"_ _6\"></span>costo <span class=\"_ _5\"></span>complessivo <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>der<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vante <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>dei <span class=\"_ _5\"></span>Diritti <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>Ciclo <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>3-25, <span class=\"_ _6\"></span>asse<span class=\"_ _1\"></span>gn<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>7<span class=\"_ _0\"></span> maggio 2024, \u00e8 sta<span class=\"_ _1\"></span>to pari a circa Eu<span class=\"_ _1\"></span>ro 0,28 milioni.<span class=\"_ _3\"></span> Alla data di asse<span class=\"_ _1\"></span>gnazione, ai fini della <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontabi<span class=\"_ _1\"></span>lizzazione del cost<span class=\"_ _1\"></span>o in bilancio, il Peri<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>do di M<span class=\"_ _1\"></span>atur<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> stimato era <span class=\"_ _3\"></span>stato di <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>3 <span class=\"_ _3\"></span>mesi per <span class=\"_ _1\"></span>i D<span class=\"_ _1\"></span>iritti a<span class=\"_ _1\"></span>ssegnati <span class=\"_ _1\"></span>del <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>iclo <span class=\"_ _3\"></span>23<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>25, dal <span class=\"_ _3\"></span>1\u00b0 giugn<span class=\"_ _1\"></span>o 2024 a<span class=\"_ _1\"></span>l 3<span class=\"_ _1\"></span>0 ap<span class=\"_ _1\"></span>rile 2026 (data <span class=\"_ _b\"></span>ipo<span class=\"_ _0\"></span>tizza<span class=\"_ _1\"></span>ta <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>approvazione <span class=\"_ _b\"></span>da <span class=\"_ _5\"></span>parte <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019Assemblea <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>Anima <span class=\"_ _b\"></span>Holding <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ilanci<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>chiuso <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>31 dicembre 2025).<span class=\"_ _4a1\"> </span>Alla d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>rife<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imento del <span class=\"_ _0\"></span>prese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te Bil<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ncio<span class=\"_ _0\"></span> risult<span class=\"_ _1\"></span>ano <span class=\"_ _0\"></span>pertant<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>assegnati complessivame<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>il 100% dei Diritti totali dispo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ibili<span class=\"_ _1\"></span> previsti dal Pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 21-23.<span class=\"_ _1\"></span> Come <span class=\"_ _c\"> </span>previsto <span class=\"_ _c\"> </span>dal <span class=\"_ _c\"> </span>Regolamento <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>Piano <span class=\"_ _c\"> </span>21-23 <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>conseguenza <span class=\"_ _c\"> </span>dell\u2019ann<span class=\"_ _1\"></span>uncio <span class=\"_ _c\"> </span>riguardante <span class=\"_ _c\"> </span>la promozione <span class=\"_ _3\"></span>dell\u2019OPA <span class=\"_ _3\"></span>BBPM <span class=\"_ _3\"></span>Vita <span class=\"_ _3\"></span>(considerato<span class=\"_ _1\"></span>, <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>\u2019altro, <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>corrispettivo <span class=\"_ _3\"></span>offerto <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>integra <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>premi<span class=\"_ _1\"></span>o superiore <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>30% s<span class=\"_ _3\"></span>ul p<span class=\"_ _1\"></span>rezzo <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>azioni <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>Societ\u00e0 <span class=\"_ _3\"></span>registrato <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>1\u00b0 <span class=\"_ _3\"></span>gennaio <span class=\"_ _3\"></span>2021), <span class=\"_ _3\"></span>si <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _3\"></span>resa <span class=\"_ _3\"></span>necessaria<span class=\"_ _1\"></span> la  verifica  al  31  di<span class=\"_ _1\"></span>cembre  2024  di  taluni  pote<span class=\"_ _1\"></span>nziali  meccanismi<span class=\"_ _1\"></span>  di  riduzione  <span class=\"ff5\">pro-rata  tem<span class=\"_ _1\"></span>poris  <span class=\"ff2\">del </span></span>num<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>attribui<span class=\"_ _1\"></span>bili <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>Beneficiari <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>taluni <span class=\"_ _0\"></span>potenziali <span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giustamenti <span class=\"_ _0\"></span>riguarda<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti g<span class=\"_ _0\"></span>li obiettivi di performance, dalla q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ale \u00e8 stato<span class=\"_ _3\"></span> possibile determ<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nare che:<span class=\"_ _3\"></span> <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _0\"></span>numero <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ribuibili <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>Bene<span class=\"_ _1\"></span>ficiari <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>corrispondenza <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>Diritti<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>assegnati n<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>sub<span class=\"_ _1\"></span>ir\u00e0 </span></span>riduzioni <span class=\"ff5\">pro-rata temporis </span>e<span class=\"_ _3\"></span> <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">gli <span class=\"_ _b\"></span>obiettivi <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>performan<span class=\"_ _1\"></span>ce <span class=\"_ _b\"></span>si <span class=\"_ _b\"></span>considereran<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _3\"></span>giu<span class=\"_ _0\"></span>nti <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>livello <span class=\"_ _b\"></span>target <span class=\"_ _0\"></span>senza <span class=\"_ _b\"></span>app<span class=\"_ _1\"></span>licazione <span class=\"_ _b\"></span>di </span></span>aggiustamenti. <span class=\"_ _1\"></span> Pertanto, i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>numero di <span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i attribuibili<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>rife<span class=\"_ _1\"></span>rite <span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>residu<span class=\"_ _1\"></span>i Ci<span class=\"_ _0\"></span>clo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>22-24 e C<span class=\"_ _0\"></span>icl<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>23-25 \u00e8 pari <span class=\"_ _0\"></span>al 100%<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dei Diritti <span class=\"_ _c\"> </span>asse<span class=\"_ _3\"></span>gn<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>a  ciascun <span class=\"_ _c\"> </span>Be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>iciario,  fatta <span class=\"_ _c\"> </span>sal<span class=\"_ _3\"></span>va <span class=\"_ _c\"> </span>la  Condizione  di  Permanenza,  per <span class=\"_ _c\"> </span>u<span class=\"_ _1\"></span>n  n<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>mero com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssivo <span class=\"_ _0\"></span>di 7.<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>90.275 <span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _0\"></span>Societ\u00e0; <span class=\"_ _0\"></span>tal<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>sono assegnate <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>raver<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> l\u2019utilizzo <span class=\"_ _0\"></span>di azioni proprie <span class=\"_ _1f\"> </span>detenute <span class=\"_ _16\"> </span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>por<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>foglio <span class=\"_ _1f\"> </span>da <span class=\"_ _15\"> </span>Anima <span class=\"_ _1f\"> </span>Holding.<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>Si <span class=\"_ _15\"> </span>informa <span class=\"_ _16\"> </span>che, <span class=\"_ _1f\"> </span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ifi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ate <span class=\"_ _1f\"> </span>le <span class=\"_ _16\"> </span>Con<span class=\"_ _0\"></span>diz<span class=\"_ _1\"></span>ioni <span class=\"_ _1f\"> </span>di Permanenza di cias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>un Beneficia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io, s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no state a<span class=\"_ _1\"></span>ttribuite tali az<span class=\"_ _1\"></span>ioni.  Per qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nto<span class=\"_ _0\"></span> s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>pra, il valore comples<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>v<span class=\"_ _1\"></span>o del <span class=\"_ _0\"></span>P<span class=\"_ _3\"></span>ian<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>21-23 per il Gruppo, interamente <span class=\"_ _1\"></span>contabilizzato per la parte residuale <span class=\"_ _1\"></span>nell\u2019esercizio, viene<span class=\"_ _1\"></span> qui di seguit<span class=\"_ _3\"></span>o rappresentato (dati in unit\u00e0 d<span class=\"_ _1\"></span>i Euro):<span class=\"_ _1\"></span> <table class=\"s w290 h357\" id=\"_255aa267-d636-4384-96a6-4c8fd597f2d1\"><tr><td></td><td></td><td class=\"t m12 x371 h66 y17b4 ff3 fs22 fc1 sc0 ls0 ws0\">Co<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span> per <span class=\"_ _1\"></span>il Gru<span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"t m12 x372 h66 y17b5 ff3 fs22 fc1 sc0 ls0 ws0\">Per<span class=\"_ _3\"></span>io<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>di rifer<span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></td><td class=\"c n x373 y17b7 w291 h358\"><div class=\"t m12 x17f h66 y17b6 ff3 fs22 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>/12<span class=\"_ _0\"></span>/2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x374 y17b7 w291 h358\"><div class=\"t m12 x17f h66 y17b6 ff3 fs22 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>/1<span class=\"_ _0\"></span>2/2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x375 y17b9 w292 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>iclo 21<span class=\"_ _0\"></span>-23<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x376 y17b9 w293 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _0\"></span>34.73<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x377 y17b9 w294 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">7.20<span class=\"_ _0\"></span>9.21<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x375 y17ba w292 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>iclo 22<span class=\"_ _0\"></span>-24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x378 y17ba w295 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">10.<span class=\"_ _0\"></span>090<span class=\"_ _0\"></span>.03<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x379 y17ba w296 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>0.136<span class=\"_ _0\"></span>.02<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x375 y17bb w292 h35a\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>iclo 23<span class=\"_ _0\"></span>-25<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x378 y17bb w295 h35a\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">11.<span class=\"_ _0\"></span>017<span class=\"_ _0\"></span>.94<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x379 y17bb w296 h35a\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>0.982<span class=\"_ _0\"></span>.67<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x37a y16d8 w297 h34e\"><div class=\"t m12 x17f h66 y17bc ff3 fs22 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tale Eu<span class=\"_ _0\"></span>ro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x37b y16d8 w298 h34e\"><div class=\"t m12 x17f h66 y17bc ff3 fs22 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>.242<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x37c y16d8 w299 h34e\"><div class=\"t m12 x17f h66 y17bc ff3 fs22 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>8.327<span class=\"_ _0\"></span>.925<span class=\"_ _4a1\"> </span></div></td></tr></table>Nel <span class=\"_ _6\"></span>presente <span class=\"_ _5\"></span>Bilancio <span class=\"_ _5\"></span>consolidato <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>iscritto <span class=\"_ _6\"></span>nel <span class=\"_ _5\"></span>conto <span class=\"_ _6\"></span>econo<span class=\"_ _1\"></span>mico <span class=\"_ _5\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>importo <span class=\"_ _6\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>Euro <span class=\"_ _5\"></span>10,5 milioni, <span class=\"_ _0\"></span>derivante (<span class=\"_ _0\"></span>a) <span class=\"_ _0\"></span>da<span class=\"_ _1\"></span>lla <span class=\"_ _0\"></span>componente <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>odo<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>riferita <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Piano <span class=\"_ _0\"></span>21-23<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>(piano <span class=\"_ _0\"></span>originale <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>assenza<span class=\"_ _1\"></span> dell\u2019OPA) <span class=\"_ _16\"> </span>per <span class=\"_ _c\"> </span>u<span class=\"_ _0\"></span>n <span class=\"_ _16\"> </span>import<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>di <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>irca <span class=\"_ _16\"> </span>Euro <span class=\"_ _16\"> </span>6 <span class=\"_ _c\"> </span>mil<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _c\"> </span>(ten<span class=\"_ _0\"></span>uto <span class=\"_ _c\"> </span>an<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _16\"> </span>conto <span class=\"_ _16\"> </span>(i) <span class=\"_ _16\"> </span>delle <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>iquanti<span class=\"_ _1\"></span>ficazioni effettuate <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>orso <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ell\u2019ese<span class=\"_ _1\"></span>rcizio <span class=\"_ _6\"></span>per <span class=\"_ _f\"> </span>effetto <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ell\u2019uscita<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>taluni <span class=\"_ _6\"></span>Ben<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>iciari <span class=\"_ _5\"></span>dal <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>(ii) <span class=\"_ _6\"></span>della verifica <span class=\"_ _f\"> </span>definiti<span class=\"_ _1\"></span>va <span class=\"_ _f\"> </span>delle <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ondiz<span class=\"_ _1\"></span>ioni <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>eser<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>izio <span class=\"_ _f\"> </span>de<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>Diritti <span class=\"_ _f\"> </span>esercitabi<span class=\"_ _1\"></span>li <span class=\"_ _f\"> </span>del <span class=\"_ _f\"></span>Cicl<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>21-23), <span class=\"_ _f\"> </span>oltre <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>b) <span class=\"_ _6\"></span>all<span class=\"_ _0\"></span>a com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _1b\"> </span>di <span class=\"_ _17\"> </span>costo<span class=\"_ _1\"></span> <span class=\"_ _17\"> </span>anticipata <span class=\"_ _1b\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iva<span class=\"_ _1\"></span>nte <span class=\"_ _17\"> </span>dalla<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>definizione <span class=\"_ _1b\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>per<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>do <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>maturazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _17\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> l\u2019accelerazione <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Piano <span class=\"_ _6\"></span>21-23, <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>conseguenza <span class=\"_ _6\"></span>dell\u2019annuncio <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>iguar<span class=\"_ _1\"></span>dante <span class=\"_ _f\"> </span>la <span class=\"_ _6\"></span>promozione <span class=\"_ _6\"></span>dell\u2019OPA BBPM Vita, per un impo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to di <span class=\"_ _1\"></span>circa Euro 4,6 mi<span class=\"_ _1\"></span>lioni. LTIP 24-26 Il <span class=\"_ _f\"> </span>Piano <span class=\"_ _f\"> </span>Long  T<span class=\"_ _1\"></span>erm <span class=\"_ _f\"> </span>Incentive <span class=\"_ _f\"> </span>202<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>-2026 <span class=\"_ _f\"> </span>preve<span class=\"_ _1\"></span>de <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>azioni <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>servizio <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>Piano <span class=\"_ _f\"> </span>derivino <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>alla cessione <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>azioni <span class=\"_ _b\"></span>proprie <span class=\"_ _b\"></span>detenute <span class=\"_ _5\"></span>in <span class=\"_ _b\"></span>portafoglio <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _5\"></span>rispetto <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rmativa <span class=\"_ _5\"></span>\u2013 <span class=\"_ _b\"></span>anche regolamentare <span class=\"_ _b\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>vigore <span class=\"_ _b\"></span>o,<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>aggiunta <span class=\"_ _b\"></span>o <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>alternativa <span class=\"_ _b\"></span>anche <span class=\"_ _5\"></span>parziale, <span class=\"_ _b\"></span>da <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>aumento <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>capitale sociale <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>titolo <span class=\"_ _b\"></span>gratuito <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>servizio <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Piano, <span class=\"_ _b\"></span>fino <span class=\"_ _b\"></span>ad <span class=\"_ _b\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>mass<span class=\"_ _1\"></span>imo <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _b\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>50% <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>capitale sociale <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span>uale <span class=\"_ _f\"> </span>alla<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>approv<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>Piano <span class=\"_ _f\"> </span>2<span class=\"_ _1\"></span>4-26), <span class=\"_ _6\"></span>mediante <span class=\"_ _6\"></span>emissione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>massime <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span> 11.521.711 <span class=\"_ _3\"></span>azioni <span class=\"_ _3\"></span>ordinarie <span class=\"_ _3\"></span>senza <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>nominale, <span class=\"_ _3\"></span>utilizzando <span class=\"_ _3\"></span>un <span class=\"_ _1\"></span>ammonta<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>rispondente <span class=\"_ _3\"></span>agli <span class=\"_ _3\"></span>utili e/o rise<span class=\"_ _1\"></span>rve di <span class=\"_ _3\"></span>utili q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali <span class=\"_ _3\"></span>risultanti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>bilancio di <span class=\"_ _3\"></span>esercizio <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>volta <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>volta a<span class=\"_ _3\"></span>ppro<span class=\"_ _0\"></span>vat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>fino ad <span class=\"_ _3\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>importo massimo <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>Euro <span class=\"_ _c\"> </span>255.213,33. <span class=\"_ _c\"> </span>A <span class=\"_ _c\"> </span>tale <span class=\"_ _c\"> </span>scopo <span class=\"_ _c\"> </span>\u00e8 <span class=\"_ _c\"> </span>stata <span class=\"_ _c\"> </span>ap<span class=\"_ _1\"></span>prov<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>dall\u2019Assemblea <span class=\"_ _c\"> </span>Straordinaria <span class=\"_ _c\"> </span>della Societ\u00e0, nell\u2019adunanza del 2<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>zo 2024, l\u2019attribu<span class=\"_ _1\"></span>zione d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dele<span class=\"_ _1\"></span>ga <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Consiglio di <span class=\"_ _0\"></span>Am<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>nistrazi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>ex art. <span class=\"_ _b\"></span>2443 <span class=\"_ _b\"></span>Codice <span class=\"_ _0\"></span>civile, <span class=\"_ _b\"></span>ad <span class=\"_ _b\"></span>a<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>ntare <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ratuitamen<span class=\"_ _3\"></span>te <span class=\"_ _b\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>capitale <span class=\"_ _b\"></span>sociale, <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>o <span class=\"_ _0\"></span>pi\u00f9 <span class=\"_ _b\"></span>t<span class=\"ff5\">ranche</span>, <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>norm<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> dell\u2019art. 2349, primo<span class=\"_ _1\"></span> comma, Codice <span class=\"_ _1\"></span>Civile. Il Pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>24-26 \u00e8<span class=\"_ _3\"></span> finalizzato<span class=\"_ _3\"></span> a (i<span class=\"_ _3\"></span>) mantene<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>focus s<span class=\"_ _3\"></span>ul conse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>degli <span class=\"_ _3\"></span>obiettivi <span class=\"_ _3\"></span>strategici a<span class=\"_ _1\"></span> me<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>-<span class=\"_ _4a1\"> </span>lungo <span class=\"_ _c\"> </span>termine  del <span class=\"_ _c\"> </span>Grupp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, <span class=\"_ _c\"> </span>(i<span class=\"_ _1\"></span>i) <span class=\"_ _c\"> </span>ra<span class=\"_ _1\"></span>fforzare, <span class=\"_ _c\"> </span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>  un <span class=\"_ _c\"> </span>ori<span class=\"_ _0\"></span>zz<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>te  di <span class=\"_ _c\"> </span>lung<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>period<span class=\"_ _1\"></span>o, <span class=\"_ _c\"> </span>l'allineament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  tr<span class=\"_ _0\"></span>a  gli interessi <span class=\"_ _c\"> </span>dei <span class=\"_ _c\"> </span>Beneficiari <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>quell<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>degli <span class=\"_ _c\"> </span>azionisti <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>degli <span class=\"_ _c\"> </span>stakeh<span class=\"_ _1\"></span>old<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>Grupp<span class=\"_ _1\"></span>o, <span class=\"_ _c\"> </span>(iii) <span class=\"_ _c\"> </span>sostenere <span class=\"_ _c\"> </span>la creazione d<span class=\"_ _1\"></span>i val<span class=\"_ _1\"></span>ore e <span class=\"_ _3\"></span>la respo<span class=\"_ _1\"></span>nsabilit\u00e0 <span class=\"_ _1\"></span>sociale d<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>imp<span class=\"_ _3\"></span>resa nel <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ngo te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>mine <span class=\"_ _3\"></span>e (iv) <span class=\"_ _3\"></span>favorire l\u2019<span class=\"ff5\">attraction<span class=\"_ _1\"></span><span class=\"ff2\"> e <span class=\"_ _3\"></span>la </span></span>fidelizzazione delle <span class=\"_ _1\"></span>\u201crisorse chia<span class=\"_ _1\"></span>ve\u201d per il conse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uimento delle<span class=\"_ _1\"></span> direttrici strategic<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e del Gruppo.<span class=\"_ _4a1\"> </span><span class=\"_ _1\"></span> Il Piano \u00e8 rivolto:<span class=\"_ _3\"></span> (i) all'Amministrato<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e Delegato e<span class=\"_ _3\"></span> D<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rettore Generale della So<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0,<span class=\"_ _1\"></span> (ii) ai due Diri<span class=\"_ _1\"></span>genti con Responsabil<span class=\"_ _1\"></span>it\u00e0 Strategiche, <span class=\"_ _3\"></span>e (iii) a<span class=\"_ _1\"></span> selezi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>ate <span class=\"_ _3\"></span>risorse <span class=\"_ _3\"></span>chiave i<span class=\"_ _3\"></span>ndividuate t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>i dip<span class=\"_ _3\"></span>enden<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Societ\u00e0 <span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _3\"></span>controllate <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> svolgono funzioni o r<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>oli rileva<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti all<span class=\"_ _1\"></span>'interno del Gr<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ppo.  Il LTIP <span class=\"_ _3\"></span>24<span class=\"_ _0\"></span>-26 <span class=\"_ _3\"></span>prev<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>asse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nazio<span class=\"_ _1\"></span>ne di d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>itti che <span class=\"_ _3\"></span>consentiranno a<span class=\"_ _1\"></span>i Bene<span class=\"_ _1\"></span>ficiari di <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>tto<span class=\"_ _1\"></span>scrivere a<span class=\"_ _1\"></span> titol<span class=\"_ _1\"></span>o gratuito <span class=\"_ _5\"></span>azioni <span class=\"_ _5\"></span>ordinarie <span class=\"_ _6\"></span>A<span class=\"_ _1\"></span>nima <span class=\"_ _5\"></span>Holding. <span class=\"_ _5\"></span>L\u2019esercizi<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>dei <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>iritti <span class=\"_ _5\"></span>era <span class=\"_ _5\"></span>subordinato <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>raggiungimento <span class=\"_ _5\"></span>di determinati <span class=\"_ _b\"></span>obiettivi <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>performa<span class=\"_ _1\"></span>nce <span class=\"_ _5\"></span>nel <span class=\"_ _b\"></span>corso <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>tre <span class=\"_ _b\"></span>periodi <span class=\"_ _5\"></span>triennali <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>attuazione <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>Piano <span class=\"_ _b\"></span>24<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>26 (\u201cCiclo 24-26\u201d, \u201cCic<span class=\"_ _1\"></span>lo 25-27\u201d e \u201cCiclo <span class=\"_ _1\"></span>26-28\u201d). Gli obiettivi di per<span class=\"_ _1\"></span>formance indiv<span class=\"_ _1\"></span>idu<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span> sono colleg<span class=\"_ _1\"></span>ati ai seguenti paramet<span class=\"_ _1\"></span>ri: \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span><span class=\"ff3\">C<span class=\"_ _0\"></span>ond<span class=\"_ _1\"></span>izioni di mercato<span class=\"ff2\">:<span class=\"_ _3\"></span> </span></span>livello di total share<span class=\"_ _1\"></span>holders return rispe<span class=\"_ _1\"></span>tto a societ\u00e0<span class=\"_ _1\"></span> quo<span class=\"_ _0\"></span>tate<span class=\"_ _1\"></span> italiane e estere (i \u201c<span class=\"_ _1\"></span>Comparable\u201d)<span class=\"_ _1\"></span> operative <span class=\"_ _b\"></span>nel <span class=\"_ _5\"></span>settore <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>cui <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span>pera <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>Gruppo, <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>triennio <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>orrispo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dente <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>ciascun <span class=\"_ _b\"></span>Ciclo, <span class=\"_ _b\"></span>con peso complessivo del <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>5% del Pia<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>24<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>; \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span><span class=\"ff3\">C<span class=\"_ _0\"></span>ond<span class=\"_ _1\"></span>izioni non di merca<span class=\"_ _1\"></span>to<span class=\"ff2\">: </span></span>(a) <span class=\"_ _16\"> </span>Obiettivi <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>Performa<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>- <span class=\"_ _16\"> </span>Business <span class=\"_ _c\"> </span>Growth <span class=\"_ _16\"> </span>(R<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ative<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>to <span class=\"_ _16\"> </span>Market <span class=\"_ _16\"> </span>KPIs): <span class=\"_ _16\"> </span>con <span class=\"_ _c\"> </span>u<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>peso com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssivo <span class=\"_ _b\"></span>fino <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>40% <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>Piano <span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6, <span class=\"_ _0\"></span>subordina<span class=\"_ _1\"></span>ta <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>conseguiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>parte <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>Gruppo<span class=\"_ _3\"></span> Anima <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>eterminato<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ello<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>posizio<span class=\"_ _1\"></span>namento <span class=\"_ _b\"></span>rispetto <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _b\"></span>concorrenti <span class=\"_ _b\"></span>nel <span class=\"_ _b\"></span>settor<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> italiano <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>risparmio <span class=\"_ _f\"> </span>gestito <span class=\"_ _f\"> </span>(i) <span class=\"_ _f\"> </span>nella <span class=\"_ _f\"></span>raccolta<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>netta <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>elle <span class=\"_ _f\"> </span>gestioni <span class=\"_ _f\"> </span>colletti<span class=\"_ _1\"></span>ve <span class=\"_ _f\"> </span>(\u201cLRN <span class=\"_ _f\"> </span>gestioni collettive\u201d <span class=\"_ _b\"></span>\u2013 <span class=\"_ _b\"></span>peso <span class=\"_ _0\"></span>10% <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Piano <span class=\"_ _b\"></span>24-26) <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>(i<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>) <span class=\"_ _b\"></span>nella <span class=\"_ _0\"></span>raccolta <span class=\"_ _b\"></span>netta <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>elle <span class=\"_ _0\"></span>gestioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>portaf<span class=\"_ _1\"></span>oglio (\u201cLRN <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>estioni <span class=\"_ _1\"></span>patr<span class=\"_ _1\"></span>imoniali\u201d - <span class=\"_ _3\"></span>peso <span class=\"_ _1\"></span>10% <span class=\"_ _1\"></span>del P<span class=\"_ _3\"></span>iano 2<span class=\"_ _1\"></span>4-26), <span class=\"_ _1\"></span>oltre a <span class=\"_ _1\"></span> <span class=\"_ _3\"></span>(iii) un <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>inato p<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>nte<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio<span class=\"_ _1\"></span> medio <span class=\"_ _0\"></span>di periodo con<span class=\"_ _0\"></span> riferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> alla <span class=\"_ _0\"></span>sod<span class=\"_ _1\"></span>disfazione del<span class=\"_ _0\"></span>le reti <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>distri<span class=\"_ _1\"></span>buzione/vendita (\u201cLSR\u201d - peso 20% del Piano <span class=\"_ _1\"></span>24-26).  (b) Obiettivi di Performan<span class=\"_ _1\"></span>ce \u2013<span class=\"_ _0\"></span> Sustai<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ability (<span class=\"_ _1\"></span>ESG) (Non Relative to Market KPIs): <span class=\"_ _1\"></span>con un peso com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssivo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>25% del <span class=\"_ _0\"></span>Piano <span class=\"_ _0\"></span>24-26, da <span class=\"_ _0\"></span>assegnarsi <span class=\"_ _0\"></span>secondo <span class=\"_ _0\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>somma <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>pu<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teggi<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>raggiunti<span class=\"_ _1\"></span> per <span class=\"_ _0\"></span>i seguenti <span class=\"_ _0\"></span>obiettivi E<span class=\"_ _0\"></span>S<span class=\"_ _3\"></span>G <span class=\"_ _0\"></span>individuati: (<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span> conseguimento da <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>rte <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>societ\u00e0 controllate d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> un determinato sc<span class=\"_ _1\"></span>ore medio di P<span class=\"_ _1\"></span>RI Assessment <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>derat<span class=\"_ _1\"></span>o per societ\u00e0 cont<span class=\"_ _1\"></span>rollata) nell'ulti<span class=\"_ _1\"></span>mo anno <span class=\"_ _c\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>cia<span class=\"_ _1\"></span>scun  C<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>clo <span class=\"_ _c\"> </span>(<span class=\"_ _1\"></span>\u201cPRI\u201d  - <span class=\"_ _c\"> </span>peso  12,5%  d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>Piano  24-26)  e <span class=\"_ _c\"> </span>(ii) <span class=\"_ _c\"> </span>Tale<span class=\"_ _3\"></span>nt <span class=\"_ _c\"> </span>Pool&amp;<span class=\"_ _1\"></span>Diversity <span class=\"_ _c\"> </span>-<span class=\"_ _3\"></span> conseguimento  da  parte<span class=\"_ _3\"></span>  d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>  Gruppo  di <span class=\"_ _f\"> </span>u<span class=\"_ _0\"></span>n  dete<span class=\"_ _3\"></span>rminato  livello  di <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>etenti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n  del<span class=\"_ _1\"></span>  talent  pool (\u201cTalent P&amp;D\u201d- peso 12<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5% <span class=\"_ _1\"></span>del Piano 24-26). <span class=\"_ _3\"></span> Costo delle condi<span class=\"_ _1\"></span>zioni di mercato \u2013 non d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> m<span class=\"_ _1\"></span>ercat<span class=\"_ _1\"></span>o Come <span class=\"_ _19\"> </span>precisato <span class=\"_ _19\"> </span>il <span class=\"_ _19\"> </span>costo <span class=\"_ _e\"> </span>per <span class=\"_ _19\"> </span>c<span class=\"_ _0\"></span>ias<span class=\"_ _1\"></span>cuna <span class=\"_ _19\"> </span>delle <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>ondizion<span class=\"_ _1\"></span>i <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>Piano <span class=\"_ _19\"> </span>24-26<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _19\"> </span>stato <span class=\"_ _19\"> </span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rminato moltiplicando <span class=\"_ _d\"> </span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>fair <span class=\"_ _d\"> </span>v<span class=\"_ _0\"></span>alue<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>numero <span class=\"_ _d\"> </span>dei <span class=\"_ _e\"> </span>Diritti <span class=\"_ _d\"> </span>che,<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>iasc<span class=\"_ _1\"></span>una <span class=\"_ _e\"> </span>condizione,<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>si <span class=\"_ _e\"> </span>preve<span class=\"_ _1\"></span>de diventeranno <span class=\"_ _3\"></span>esigibili <span class=\"_ _1\"></span>al <span class=\"_ _3\"></span>termine <span class=\"_ _1\"></span>del <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>di mat<span class=\"_ _3\"></span>ur<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>stim<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span> alla<span class=\"_ _3\"></span> data <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>assegnazione. <span class=\"_ _3\"></span>La <span class=\"_ _1\"></span>stima dei <span class=\"_ _f\"> </span>Diritti <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span>pen<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>ipotesi <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>iguar<span class=\"_ _1\"></span>danti <span class=\"_ _f\"> </span>il <span class=\"_ _6\"></span>numero <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>Be<span class=\"_ _1\"></span>neficiari <span class=\"_ _f\"> </span>che <span class=\"_ _6\"></span>si <span class=\"_ _f\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>eve<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>siano <span class=\"_ _f\"> </span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ora <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> servizio <span class=\"_ _1f\"> </span>al <span class=\"_ _1f\"> </span>termine <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>ias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>un <span class=\"_ _16\"> </span>Ciclo <span class=\"_ _1f\"> </span>(<span class=\"_ _0\"></span><span class=\"ff5\">service <span class=\"_ _16\"> </span>condition</span>) <span class=\"_ _16\"> </span>e <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>probabilit\u00e0 <span class=\"_ _16\"> </span>di <span class=\"_ _15\"> </span>soddisfacime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _16\"> </span>dell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> Condizioni non di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>(<span class=\"ff5\">per<span class=\"_ _1\"></span>formance condition<span class=\"ff2\">)<span class=\"_ _1\"></span>: per <span class=\"_ _0\"></span>entrambe<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>le<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ipotesi,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la valutazi<span class=\"_ _1\"></span>one <span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>fettuata a </span></span>ciascuna Grant Date \u00e8 sta<span class=\"_ _1\"></span>ta del 100%.<span class=\"_ _3\"></span> Al <span class=\"_ _0\"></span>28 <span class=\"_ _0\"></span>marzo <span class=\"_ _0\"></span>2024, <span class=\"_ _0\"></span>data di <span class=\"_ _0\"></span>approvazione <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Pian<span class=\"_ _1\"></span>o 24-26 <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>dell\u2019Assemb<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ea <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>Anima <span class=\"_ _0\"></span>Holdi<span class=\"_ _1\"></span>ng <span class=\"_ _0\"></span>\u00e8 stato <span class=\"_ _3\"></span>direttamente <span class=\"_ _3\"></span>assegnato <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>quest\u2019ultima <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>29,72% <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>Diritti <span class=\"_ _3\"></span>totali <span class=\"_ _3\"></span>(pari <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>9,91% <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>ciascun <span class=\"_ _8\"></span>Ci<span class=\"_ _0\"></span>clo<span class=\"_ _3\"></span> triennale <span class=\"_ _c\"> </span>prev<span class=\"_ _1\"></span>isto) <span class=\"_ _c\"> </span>all'Am<span class=\"_ _1\"></span>ministratore  D<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>egato <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>Direttore <span class=\"_ _c\"> </span>Ge<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>erale  di <span class=\"_ _c\"> </span>Anima  Holding <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>ai  due Dirigenti <span class=\"_ _c\"> </span>con <span class=\"_ _c\"> </span>Resp<span class=\"_ _1\"></span>onsabilit\u00e0 <span class=\"_ _c\"> </span>Strategiche <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>quella<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>data <span class=\"_ _c\"> </span>individuati  (<span class=\"_ _0\"></span>\u201cG<span class=\"_ _1\"></span>rant <span class=\"_ _c\"> </span>Date <span class=\"_ _c\"> </span>28/03/2024\u201d)<span class=\"_ _1\"></span>; <span class=\"_ _c\"> </span>si evidenziano qui di se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uit<span class=\"_ _1\"></span>o i fair value co<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>relati a cia<span class=\"_ _3\"></span>sc<span class=\"_ _0\"></span>una c<span class=\"_ _1\"></span>ondizione: \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 28/03/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 24-26 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,73 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari a Euro 2,<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>9. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 24-26, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8 marzo <span class=\"_ _1\"></span>2024, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca Euro 3,8 m<span class=\"_ _1\"></span>ilioni; \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 28/03/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 25-27 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,53 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari a Euro 2,<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>8. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 25-27, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8 marzo <span class=\"_ _1\"></span>2024, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca Euro 3,5 m<span class=\"_ _1\"></span>ilioni; \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 28/03/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 26-28 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,35 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato<span class=\"_ _4a1\"> </span><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3c7\">pari a Euro 2,<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>3. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3c8\">26-28, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8 marzo <span class=\"_ _1\"></span>2024, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca Euro 3,3 m<span class=\"_ _1\"></span>ilioni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs393\">Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>Grant <span class=\"_ _6\"></span>Date <span class=\"_ _6\"></span>28/03/2024,<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>contabilizza<span class=\"_ _1\"></span>zione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>costo <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>bilancio, <span class=\"_ _6\"></span>la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs394\">dur<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> stimata<span class=\"_ _1\"></span> del Piano 24-26 <span class=\"_ _1\"></span>(\u201cPeriodo di Matu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione\u201d) \u00e8 stata<span class=\"_ _1\"></span> la seguente:<span class=\"_ _3\"></span> </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs3c9\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>3<span class=\"_ _0\"></span>7 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>Diritti <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Ciclo <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>-26, <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _6\"></span>aprile <span class=\"_ _b\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>4 <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>30 <span class=\"_ _6\"></span>apr<span class=\"_ _1\"></span>ile <span class=\"_ _5\"></span>2027 <span class=\"_ _5\"></span>(d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ipotizzata <span class=\"_ _5\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ca\">approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3cb\">2026); </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs3cc\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>4<span class=\"_ _0\"></span>9 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>Diritti <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Ciclo <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>-27, <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _6\"></span>aprile <span class=\"_ _b\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>4 <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>30 <span class=\"_ _6\"></span>apr<span class=\"_ _1\"></span>ile <span class=\"_ _5\"></span>2028 <span class=\"_ _5\"></span>(d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ipotizzata <span class=\"_ _5\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3cd\">approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ce\">2027); </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs39b\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>6<span class=\"_ _0\"></span>1 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>Diritti <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Ciclo <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>-28, <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _6\"></span>aprile <span class=\"_ _b\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>4 <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>30 <span class=\"_ _6\"></span>apr<span class=\"_ _1\"></span>ile <span class=\"_ _5\"></span>2029 <span class=\"_ _5\"></span>(d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ipotizzata <span class=\"_ _5\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs39c\">approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs39d\">2028). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3cf\">Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te, <span class=\"_ _8\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>data <span class=\"_ _3\"></span>24<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>aprile <span class=\"_ _3\"></span>2024, <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>assegnato <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>ulteriore <span class=\"_ _3\"></span>50,42% <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>Diritti <span class=\"_ _3\"></span>totali <span class=\"_ _3\"></span>(riferit<span class=\"_ _1\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3d0\">per il<span class=\"_ _3\"></span> 19,98% <span class=\"_ _3\"></span>al <span class=\"_ _1\"></span>Ciclo 2<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>-2<span class=\"_ _1\"></span>6, pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> 1<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>,21% <span class=\"_ _3\"></span>al <span class=\"_ _1\"></span>Ciclo <span class=\"_ _3\"></span>25-27 <span class=\"_ _1\"></span>e p<span class=\"_ _3\"></span>er il <span class=\"_ _3\"></span>15,23% a<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>clo 2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>-2<span class=\"_ _1\"></span>8) a <span class=\"_ _3\"></span>64 <span class=\"_ _1\"></span>Beneficia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3d1\">individuati <span class=\"_ _3\"></span>dall<span class=\"_ _0\"></span>\u2019A<span class=\"_ _3\"></span>mm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nistratore <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ele<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ato<span class=\"_ _1\"></span> di<span class=\"_ _3\"></span> Anima <span class=\"_ _3\"></span>Holding <span class=\"_ _3\"></span>(\u201c<span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>rant <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ate <span class=\"_ _3\"></span>24/04/2024\u201d); <span class=\"_ _1\"></span>si <span class=\"_ _3\"></span>evidenziano </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3d2\">qui di seguito i fai<span class=\"_ _1\"></span>r value correlati a cias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ondiz<span class=\"_ _1\"></span>ione: </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs3d3\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 24/04/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 24-26 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a3\">alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,69 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a4\">pari a Euro 2,<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>2. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a5\">24-26, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4 aprile 2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1\"></span>Euro 7,6 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni; </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs3d4\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 24/04/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 25-27 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a7\">alle <span class=\"_ _0\"></span>Condizioni <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>mer<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ato <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stato <span class=\"_ _0\"></span>pari <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>Euro 3<span class=\"_ _0\"></span>,5 <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(ii) <span class=\"_ _b\"></span>alla C<span class=\"_ _0\"></span>ondizione d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>stato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a8\">pari a Euro 2,<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>6. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a9\">25-27, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4 aprile 2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1\"></span>Euro 5,3 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni; </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs3d5\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 24/04/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 26-28 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ab\">alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,32 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ac\">pari a Euro 2,<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>1. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ad\">26-28, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4 aprile 2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1\"></span>Euro 5,1 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3d6\">Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>Grant <span class=\"_ _6\"></span>Date <span class=\"_ _6\"></span>24/04/2024,<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>contabilizza<span class=\"_ _1\"></span>zione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>costo <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>bilancio, <span class=\"_ _6\"></span>la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3af\">dur<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> stimata<span class=\"_ _1\"></span> del Piano 24-26 <span class=\"_ _1\"></span>(\u201cPeriodo di Matu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione\u201d) \u00e8 stata<span class=\"_ _1\"></span> la seguente:<span class=\"_ _3\"></span> </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs3d7\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>3<span class=\"_ _0\"></span>6 <span class=\"_ _b\"></span>mesi <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>Ci<span class=\"_ _0\"></span>clo <span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ma<span class=\"_ _1\"></span>ggio <span class=\"_ _b\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _0\"></span>30<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>aprile <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>7 <span class=\"_ _b\"></span>(data <span class=\"_ _0\"></span>ipoti<span class=\"_ _0\"></span>zz<span class=\"_ _1\"></span>ata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3d8\">approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3d9\">2026); </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs3da\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>4<span class=\"_ _0\"></span>8 <span class=\"_ _b\"></span>mesi <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>Ci<span class=\"_ _0\"></span>clo <span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ma<span class=\"_ _1\"></span>ggio <span class=\"_ _b\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _0\"></span>30<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>aprile <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>8 <span class=\"_ _b\"></span>(data <span class=\"_ _0\"></span>ipoti<span class=\"_ _0\"></span>zz<span class=\"_ _1\"></span>ata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3db\">approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3dc\">2027); </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs3dd\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>6<span class=\"_ _0\"></span>0 <span class=\"_ _b\"></span>mesi <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>Ci<span class=\"_ _0\"></span>clo <span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ma<span class=\"_ _1\"></span>ggio <span class=\"_ _b\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _0\"></span>30<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>aprile <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>9 <span class=\"_ _b\"></span>(data <span class=\"_ _0\"></span>ipoti<span class=\"_ _0\"></span>zz<span class=\"_ _1\"></span>ata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3de\">approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Holding <span class=\"_ _f\"></span>del <span class=\"_ _5\"></span>bi<span class=\"_ _0\"></span>lan<span class=\"_ _1\"></span>cio <span class=\"_ _f\"> </span>chi<span class=\"_ _1\"></span>uso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>3<span class=\"_ _0\"></span>1 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cembre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3df\">2028). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3b9\">Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te, \u00e8 stata<span class=\"_ _1\"></span> effettuata una cancellazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e di alcuni Diritti a seguit<span class=\"_ _1\"></span>o dell\u2019uscita dal Gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ba\">di un Ben<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ciario che, ai sensi del Reg<span class=\"_ _1\"></span>olamento del Piano 24-26, ha comportato il decadiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> totale<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3bb\">della <span class=\"_ _5\"></span>facolt\u00e0 <span class=\"_ _6\"></span>d\u2019esercizio <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>Diritti <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>feriti <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>Ciclo <span class=\"_ _5\"></span>24-26 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>attrib<span class=\"_ _1\"></span>uiti <span class=\"_ _6\"></span>alla <span class=\"_ _5\"></span>Grant <span class=\"_ _5\"></span>Date <span class=\"_ _6\"></span>24/04/2024, <span class=\"_ _b\"></span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3e0\">misura pari allo <span class=\"_ _1\"></span>0,20% dei Diritti totali.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3e1\">Infine, in <span class=\"_ _0\"></span>data 25 <span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>uglio 2024, <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>stato asseg<span class=\"_ _1\"></span>nato un ul<span class=\"_ _0\"></span>terio<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e 3,29% dei <span class=\"_ _0\"></span>Dir<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>tti totali (riferiti per <span class=\"_ _0\"></span>il 1,1% </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3e2\">al <span class=\"_ _0\"></span>Ciclo <span class=\"_ _0\"></span>24-26, <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>il 1<span class=\"_ _0\"></span>,1%<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Ciclo <span class=\"_ _0\"></span>25-27 <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>1,1<span class=\"_ _1\"></span>% <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Ciclo <span class=\"_ _0\"></span>26-28) <span class=\"_ _0\"></span>a 3<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>nu<span class=\"_ _1\"></span>ovi <span class=\"_ _0\"></span>Beneficiari <span class=\"_ _0\"></span>individuati<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3e3\">dall\u2019Amministratore <span class=\"_ _f\"> </span>Delegato  d<span class=\"_ _1\"></span>i  Anima  H<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ding  (\u201cGra<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>t <span class=\"_ _f\"> </span>D<span class=\"_ _0\"></span>ate<span class=\"_ _1\"></span>  25/07/2<span class=\"_ _1\"></span>024\u201d);  si <span class=\"_ _f\"> </span>evidenziano  q<span class=\"_ _1\"></span>ui  di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3e4\">seguito i fair value <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>orrelati a<span class=\"_ _1\"></span> ciascuna condizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne:<span class=\"_ _3\"></span> </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs3e5\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 25/07/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 24-26 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3c3\">alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 4,15 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3e6\">pari a Euro 3,<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>1. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3c5\">24-26, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5 lugli<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 2024, \u00e8 pa<span class=\"_ _1\"></span>ri a circa Eur<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 0,5 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni;<span class=\"_ _1\"></span> </div>\u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 25/07/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 25-27 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,92 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari a Euro 2,<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>9. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 25-27, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5 lugli<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 2024, \u00e8 pa<span class=\"_ _1\"></span>ri a circa Eur<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 0,4 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni;<span class=\"_ _1\"></span> \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 25/07/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 26-28 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,71 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari a Euro 2,<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>3. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 26-28, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5 lugli<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 2024, \u00e8 pa<span class=\"_ _1\"></span>ri a circa Eur<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 0,4 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni.<span class=\"_ _1\"></span> Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>Grant <span class=\"_ _6\"></span>Date <span class=\"_ _6\"></span>25/07/2024,<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>contabilizza<span class=\"_ _1\"></span>zione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>costo <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>bilancio, <span class=\"_ _6\"></span>la dur<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> stimata<span class=\"_ _1\"></span> del Piano 24-26 <span class=\"_ _1\"></span>(\u201cPeriodo di Matu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione\u201d) \u00e8 stata<span class=\"_ _1\"></span> la seguente:<span class=\"_ _3\"></span> \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>3<span class=\"_ _0\"></span>3 <span class=\"_ _b\"></span>mesi <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Ciclo <span class=\"_ _b\"></span>24<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>26, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ago<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>30 <span class=\"_ _5\"></span>aprile <span class=\"_ _b\"></span>2027 <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>ipotizzata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre 2026); \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>4<span class=\"_ _0\"></span>5 <span class=\"_ _b\"></span>mesi <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Ciclo <span class=\"_ _b\"></span>25<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>27, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ago<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>30 <span class=\"_ _5\"></span>aprile <span class=\"_ _b\"></span>2028 <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>ipotizzata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre 2027); \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>5<span class=\"_ _0\"></span>7 <span class=\"_ _b\"></span>mesi <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Ciclo <span class=\"_ _b\"></span>26<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>28, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ago<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>30 <span class=\"_ _5\"></span>aprile <span class=\"_ _b\"></span>2029 <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>ipotizzata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre 2028). Per <span class=\"_ _19\"> </span>quanto <span class=\"_ _19\"> </span>sopra <span class=\"_ _19\"> </span>espost<span class=\"_ _1\"></span>o, <span class=\"_ _19\"> </span>alla <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _19\"> </span>di <span class=\"_ _e\"> </span>r<span class=\"_ _0\"></span>iferi<span class=\"_ _1\"></span>mento <span class=\"_ _19\"> </span>del <span class=\"_ _e\"> </span>presente <span class=\"_ _19\"> </span>Bilancio <span class=\"_ _e\"> </span>risultano <span class=\"_ _e\"> </span>assegnati com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>3,23% dei Diritti t<span class=\"_ _1\"></span>otali dispon<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>bili previsti da<span class=\"_ _3\"></span>l Piano 24-26. Come <span class=\"_ _c\"> </span>previsto <span class=\"_ _c\"> </span>dal <span class=\"_ _c\"> </span>Regolamento <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>Piano <span class=\"_ _c\"> </span>24-26 <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>conseguenza <span class=\"_ _c\"> </span>dell\u2019ann<span class=\"_ _1\"></span>uncio <span class=\"_ _c\"> </span>riguardante <span class=\"_ _c\"> </span>la promozione <span class=\"_ _3\"></span>dell\u2019OPA <span class=\"_ _3\"></span>BBPM <span class=\"_ _3\"></span>Vita <span class=\"_ _3\"></span>(considerato<span class=\"_ _1\"></span>, <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>\u2019altro, <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>corrispettivo <span class=\"_ _3\"></span>offerto <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>integra <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>premi<span class=\"_ _1\"></span>o superiore <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>30% s<span class=\"_ _3\"></span>ul p<span class=\"_ _1\"></span>rezzo <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>azioni <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>Societ\u00e0 <span class=\"_ _3\"></span>registrato <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>1\u00b0 <span class=\"_ _3\"></span>gennaio <span class=\"_ _3\"></span>2024), <span class=\"_ _3\"></span>si <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _3\"></span>resa <span class=\"_ _3\"></span>necessaria<span class=\"_ _1\"></span> la  verifica  al  31  di<span class=\"_ _1\"></span>cembre  2024  di  taluni  pote<span class=\"_ _1\"></span>nziali  meccanismi<span class=\"_ _1\"></span>  di  riduzione  <span class=\"ff5\">pro-rata  tem<span class=\"_ _1\"></span>poris  <span class=\"ff2\">del </span></span>num<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>attribui<span class=\"_ _1\"></span>bili <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>Beneficiari <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>taluni <span class=\"_ _0\"></span>potenziali <span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giustamenti <span class=\"_ _0\"></span>riguarda<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti g<span class=\"_ _0\"></span>li obiettivi di <span class=\"_ _6\"></span>performance <span class=\"_ _b\"></span>\u201cShar<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>olders<span class=\"_ _1\"></span>\u2019 <span class=\"_ _6\"></span>Alignment<span class=\"_ _1\"></span>\u201d, <span class=\"_ _6\"></span>\u201cBusiness <span class=\"_ _5\"></span>Growth\u201d <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>\u201cSustainab<span class=\"_ _1\"></span>ility <span class=\"_ _5\"></span>(ESG)\u201d, <span class=\"_ _6\"></span>dalle <span class=\"_ _5\"></span>quali <span class=\"_ _6\"></span>\u00e8 stato possibile <span class=\"_ _1\"></span>determinare che: <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _0\"></span>numero <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _0\"></span>attri<span class=\"_ _1\"></span>buibili <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>Beneficiari <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>corri<span class=\"_ _1\"></span>spondenza <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>Diritti <span class=\"_ _0\"></span>assegnati <span class=\"_ _0\"></span>su<span class=\"_ _1\"></span>bir\u00e0 <span class=\"_ _0\"></span>una </span></span>riduzione del 15% (<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iferimento<span class=\"_ _1\"></span> <span class=\"ff5\">pro-rata tempori<span class=\"_ _1\"></span>s) <span class=\"ff2\">e </span></span><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">gli <span class=\"_ _b\"></span>obiettivi <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>performan<span class=\"_ _1\"></span>ce <span class=\"_ _b\"></span>si <span class=\"_ _b\"></span>considereran<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _3\"></span>giu<span class=\"_ _0\"></span>nti <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>livello <span class=\"_ _b\"></span>target <span class=\"_ _0\"></span>senza <span class=\"_ _b\"></span>app<span class=\"_ _1\"></span>licazione <span class=\"_ _b\"></span>di </span></span>aggiustamenti. <span class=\"_ _1\"></span> Pertanto, <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>numero <span class=\"_ _3\"></span>di a<span class=\"_ _1\"></span>zioni <span class=\"_ _3\"></span>attribuibili <span class=\"_ _3\"></span>rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ite<span class=\"_ _3\"></span> a <span class=\"_ _1\"></span>ciascun <span class=\"_ _3\"></span>Ciclo de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Pi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>no 2<span class=\"_ _1\"></span>4-26 \u00e8<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ri al<span class=\"_ _1\"></span>l\u201985% <span class=\"_ _3\"></span>dei Di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itti assegnati a ciascun Bene<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>iciario, <span class=\"_ _1\"></span>fatta salva la Cond<span class=\"_ _1\"></span>izione di Permanenza, pe<span class=\"_ _1\"></span>r un numero compless<span class=\"_ _1\"></span>ivo di 8.151.269 azioni del<span class=\"_ _1\"></span>la Societ\u00e0; tali azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni so<span class=\"_ _1\"></span>no assegnate attravers<span class=\"_ _1\"></span>o: <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">utilizzo <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>azioni <span class=\"_ _1f\"> </span>proprie <span class=\"_ _16\"> </span>dete<span class=\"_ _1\"></span>nute <span class=\"_ _16\"> </span>nel <span class=\"_ _1f\"> </span>portafo<span class=\"_ _1\"></span>glio <span class=\"_ _1f\"> </span>da <span class=\"_ _16\"> </span>Anima <span class=\"_ _16\"> </span>Holding, <span class=\"_ _16\"> </span>per <span class=\"_ _16\"> </span>un <span class=\"_ _16\"> </span>numero <span class=\"_ _16\"> </span>di </span></span>2.251.455 <span class=\"_ _3\"></span>azioni; <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>informa <span class=\"_ _3\"></span>che, <span class=\"_ _3\"></span>verificate <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Condizioni <span class=\"_ _3\"></span>di Pe<span class=\"_ _3\"></span>rman<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>iasc<span class=\"_ _1\"></span>un <span class=\"_ _3\"></span>Beneficiario, sono state attribuite tali<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i;  <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">aumento  gratuito  di  capitale  so<span class=\"_ _1\"></span>ciale  di  Anima  Holding  mediante  emissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e  di  massime  n\u00b0 </span></span>5.899.814 <span class=\"_ _b\"></span>azioni <span class=\"_ _b\"></span>sen<span class=\"_ _0\"></span>za<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>valore <span class=\"_ _b\"></span>nominale. <span class=\"_ _b\"></span>Si <span class=\"_ _b\"></span>informa <span class=\"_ _b\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>Consiglio <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>Amminist<span class=\"_ _1\"></span>razione <span class=\"_ _b\"></span>della Societ\u00e0, <span class=\"_ _0\"></span>in data <span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>febbraio <span class=\"_ _0\"></span>202<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>, h<span class=\"_ _0\"></span>a deliberato d<span class=\"_ _0\"></span>i aum<span class=\"_ _0\"></span>enta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e g<span class=\"_ _0\"></span>rat<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>itamente il <span class=\"_ _0\"></span>capitale sociale, ai  sensi <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li  a<span class=\"_ _3\"></span>rtt.  244<span class=\"_ _1\"></span>3  e <span class=\"_ _f\"> </span>2349  del <span class=\"_ _f\"> </span>Codice <span class=\"_ _f\"> </span>C<span class=\"_ _0\"></span>ivile<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>per  massimi <span class=\"_ _f\"> </span>nominali <span class=\"_ _f\"> </span>Euro<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>129.795,91, mediante  imputazione  a  capitale  di  u<span class=\"_ _1\"></span>n  im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  di  corrispo<span class=\"_ _1\"></span>ndente  ammontare  tratto  dalle riserve  d<span class=\"_ _1\"></span>isponibili, <span class=\"_ _f\"> </span>con  emissio<span class=\"_ _1\"></span>ne  di <span class=\"_ _f\"> </span>n\u00b0  5.8<span class=\"_ _1\"></span>99.814  a<span class=\"_ _1\"></span>zioni<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>ordinarie, <span class=\"_ _f\"> </span>g<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>dimento <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>eg<span class=\"_ _1\"></span>olare,  da<span class=\"_ _3\"></span> assegnare <span class=\"_ _19\"> </span>ai <span class=\"_ _e\"> </span>Ben<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>iciar<span class=\"_ _1\"></span>i <span class=\"_ _19\"> </span>che <span class=\"_ _19\"> </span>ne <span class=\"_ _e\"> </span>h<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>no <span class=\"_ _19\"> </span>diritto <span class=\"_ _e\"> </span>secondo <span class=\"_ _19\"> </span>le <span class=\"_ _19\"> </span>previsioni <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _e\"> </span>Piano <span class=\"_ _e\"> </span>24<span class=\"_ _0\"></span>-26. Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te, v<span class=\"_ _0\"></span>erifi<span class=\"_ _1\"></span>cate <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>ondiz<span class=\"_ _1\"></span>ioni <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>Perma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>enza <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>ciascun <span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>iciario, <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stata <span class=\"_ _0\"></span>data<span class=\"_ _0\"></span> esecuzione a predetta del<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>be<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a.<span class=\"_ _3\"></span> Il <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>lessivo del <span class=\"_ _0\"></span>Pia<span class=\"_ _3\"></span>no <span class=\"_ _0\"></span>24-26 per il Gruppo<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>dete<span class=\"_ _1\"></span>rminato per quanto <span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>\u2019anzi espost<span class=\"_ _1\"></span>o, \u00e8 stato pertanto  contabilizzato  interamente  nel  presente  Bilancio  per  un  im<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to  pari  a  circa  Euro  2<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>,4 milioni, <span class=\"_ _0\"></span>derivante <span class=\"_ _0\"></span>sia <span class=\"_ _0\"></span>dalla <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mp<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>dell\u2019eserciz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>P<span class=\"_ _1\"></span>iano <span class=\"_ _0\"></span>24-26 <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>componente di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>costo anticipata <span class=\"_ _1\"></span>correlata <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>definizione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>periodo <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>aturazione <span class=\"_ _3\"></span>per <span class=\"_ _1\"></span>l\u2019accelerazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _1\"></span>Pia<span class=\"_ _1\"></span>no 24-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span> in<span class=\"_ _1\"></span> conseguenza <span class=\"_ _0\"></span>dell\u2019annuncio <span class=\"_ _0\"></span>rigu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rd<span class=\"_ _0\"></span>ante<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>promozione<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>dell\u2019OPA <span class=\"_ _0\"></span>BBPM <span class=\"_ _0\"></span>Vita. <span class=\"_ _b\"></span>Nelle <span class=\"_ _0\"></span>succ<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>siv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>tabell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> viene rappresentato il <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>osto <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o del Pia<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>24<span class=\"_ _0\"></span>\u2014<span class=\"_ _1\"></span>26 per il Grupp<span class=\"_ _1\"></span>o (dati in unit\u00e0 di Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o):<table class=\"s w29a h35b\" id=\"_9739f782-9b3d-4a65-8086-a21e030716fe\"><tr><td></td><td class=\"t m13 x37d h69 y17bd ff3 fs23 fc1 sc0 ls0 ws0\">Cos<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> per i<span class=\"_ _1\"></span>l Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"t m13 x372 h69 y17be ff3 fs23 fc1 sc0 ls0 ws0\">Peri<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> rif<span class=\"_ _3\"></span>erim<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m13 x37e h69 y17be ff3 fs23 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>/1<span class=\"_ _0\"></span>2/2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x37f y17c0 w29b h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">Ciclo 24<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x380 y17c0 w29c h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>0.06<span class=\"_ _0\"></span>9.2<span class=\"_ _0\"></span>68<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x37f y17c1 w29b h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">Ciclo 25<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x381 y17c1 w29d h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">7.84<span class=\"_ _0\"></span>3.84<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x37f y17c2 w29b h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">Ciclo 26<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x381 y17c2 w29d h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">7.50<span class=\"_ _0\"></span>3.51<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x382 y16d8 w29e h355\"><div class=\"t m13 x17f h69 y17c3 ff3 fs23 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tale E<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x383 y16d8 w29f h355\"><div class=\"t m13 x17f h69 y17c3 ff3 fs23 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>5.41<span class=\"_ _0\"></span>6.62<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-22": {
   "value": "Long Term Incentiv<span class=\"_ _1\"></span>e Plan (\u201cLTIP\u201d<span class=\"_ _3\"></span>) A <span class=\"_ _5\"></span>seguito <span class=\"_ _6\"></span>della <span class=\"_ _5\"></span>promozione <span class=\"_ _b\"></span>da <span class=\"_ _6\"></span>parte <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>BBPM <span class=\"_ _6\"></span>Vita <span class=\"_ _5\"></span>dell\u2019offerta <span class=\"_ _5\"></span>pubblica <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>acq<span class=\"_ _1\"></span>uisto <span class=\"_ _6\"></span>volontaria <span class=\"_ _5\"></span>sulla<span class=\"_ _3\"></span> totalit\u00e0 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>azioni <span class=\"_ _5\"></span>ordinarie <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Anima <span class=\"_ _6\"></span>Holding <span class=\"_ _b\"></span>(OPA <span class=\"_ _5\"></span>B<span class=\"_ _0\"></span>BPM <span class=\"_ _5\"></span>Vita), <span class=\"_ _b\"></span>con <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>supp<span class=\"_ _1\"></span>orto <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>consulente legale <span class=\"_ _f\"> </span>este<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>ind<span class=\"_ _1\"></span>ipendente, <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ificati<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>i <span class=\"_ _f\"> </span>meccani<span class=\"_ _1\"></span>smi <span class=\"_ _6\"></span>di <span class=\"_ _f\"></span>ac<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>elerazione<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pr<span class=\"_ _0\"></span>ev<span class=\"_ _1\"></span>isti <span class=\"_ _6\"></span>dai <span class=\"_ _f\"> </span>pian<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>di inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>ne a lungo termine (<span class=\"ff5\">long term incentive <span class=\"_ _3\"></span>plan)<span class=\"ff2\"> <span class=\"_ _0\"></span>in essere (i <span class=\"_ _1\"></span>\u201cPiani di Incentivazione\u201d <span class=\"_ _1\"></span>o \u201cPiani\u201d), </span></span>in particolare:  <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il piano<span class=\"_ _1\"></span> di <span class=\"_ _3\"></span>incentivazione <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>lungo te<span class=\"_ _3\"></span>rmine app<span class=\"_ _1\"></span>rovato <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>all\u2019assem<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>lea <span class=\"_ _3\"></span>ordinaria <span class=\"_ _1\"></span>di A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _3\"></span>Holding </span></span>in <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>31 <span class=\"_ _f\"> </span>marzo <span class=\"_ _f\"> </span>2021 <span class=\"_ _f\"> </span>(\u201c<span class=\"_ _1\"></span>Long <span class=\"_ _f\"> </span>Term <span class=\"_ _f\"> </span>Incentive <span class=\"_ _f\"> </span>P<span class=\"_ _3\"></span>lan<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>21-2<span class=\"_ _1\"></span>3\u201d, <span class=\"_ _f\"> </span>\u201cPiano <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>1-<span class=\"_ _1\"></span>23\u201d <span class=\"_ _f\"> </span>o <span class=\"_ _f\"> </span>\u201cLTIP <span class=\"_ _f\"></span>21-23\u201d),<span class=\"_ _3\"></span> basato s<span class=\"_ _3\"></span>u propri <span class=\"_ _3\"></span>strumenti <span class=\"_ _3\"></span>finanziari da<span class=\"_ _3\"></span> asseg<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>arsi <span class=\"_ _3\"></span>gratuitamente, <span class=\"_ _3\"></span>ai se<span class=\"_ _3\"></span>nsi del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019art. <span class=\"_ _3\"></span>2349, p<span class=\"_ _1\"></span>rimo comma, <span class=\"_ _c\"> </span>cod<span class=\"_ _1\"></span>. <span class=\"_ _c\"> </span>civ.,  ai <span class=\"_ _c\"> </span>dipendenti <span class=\"_ _c\"> </span>e/<span class=\"_ _3\"></span>o <span class=\"_ _c\"> </span>categorie  d<span class=\"_ _0\"></span>i  dipendenti <span class=\"_ _c\"> </span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019Emittente  e  di<span class=\"_ _0\"></span>  societ\u00e0 <span class=\"_ _c\"> </span>da<span class=\"_ _3\"></span> quest\u2019ultimo <span class=\"_ _e\"> </span>controllate <span class=\"_ _19\"> </span>investiti <span class=\"_ _e\"> </span>di <span class=\"_ _19\"> </span>funzioni <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>r<span class=\"_ _0\"></span>uoli <span class=\"_ _e\"> </span>rilevanti <span class=\"_ _19\"> </span>all\u2019inter<span class=\"_ _1\"></span>no <span class=\"_ _19\"> </span>del <span class=\"_ _e\"> </span>Gruppo <span class=\"_ _19\"> </span>(i \u201cBeneficiari\u201d); <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il piano<span class=\"_ _1\"></span> di <span class=\"_ _3\"></span>incentivazione <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>lungo te<span class=\"_ _3\"></span>rmine app<span class=\"_ _1\"></span>rovato <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>all\u2019assem<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>lea <span class=\"_ _3\"></span>ordinaria <span class=\"_ _1\"></span>di A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _3\"></span>Holding </span></span>in <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>28 <span class=\"_ _f\"> </span>marzo <span class=\"_ _f\"> </span>2024 <span class=\"_ _f\"> </span>(\u201c<span class=\"_ _1\"></span>Long <span class=\"_ _f\"> </span>Term <span class=\"_ _f\"> </span>Incentive <span class=\"_ _f\"> </span>P<span class=\"_ _3\"></span>lan<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>24-2<span class=\"_ _1\"></span>6\u201d, <span class=\"_ _f\"> </span>\u201cPiano <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>4-<span class=\"_ _1\"></span>26\u201d <span class=\"_ _f\"> </span>o <span class=\"_ _f\"> </span>\u201cLTIP <span class=\"_ _f\"></span>24-26\u201d),<span class=\"_ _3\"></span> basato s<span class=\"_ _3\"></span>u propri <span class=\"_ _3\"></span>strumenti <span class=\"_ _3\"></span>finanziari da<span class=\"_ _3\"></span> asseg<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>arsi <span class=\"_ _3\"></span>gratuitamente, <span class=\"_ _3\"></span>ai se<span class=\"_ _3\"></span>nsi del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019art. <span class=\"_ _3\"></span>2349, p<span class=\"_ _1\"></span>rimo comma, <span class=\"_ _f\"> </span>cod<span class=\"_ _1\"></span>. <span class=\"_ _f\"> </span>civ.<span class=\"_ _1\"></span>, <span class=\"_ _f\"> </span>ai <span class=\"_ _6\"></span>dirigenti <span class=\"_ _f\"> </span>e <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>dipendenti <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nsiderati <span class=\"_ _f\"></span>\u201c<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>isorse <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>hiave\u201d <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>Emittente <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>di societ\u00e0 da quest\u2019ultim<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> cont<span class=\"_ _1\"></span>rollate (i \u201cBe<span class=\"_ _1\"></span>neficiari\u201d). Si rimanda ai termini e alle condizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni dei Piani di I<span class=\"_ _1\"></span>ncentivazio<span class=\"_ _1\"></span>ne, nonch\u00e9 alle caratteristic<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e dei diritti assegnati, <span class=\"_ _16\"> </span>co<span class=\"_ _0\"></span>me <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>escritti <span class=\"_ _16\"> </span>nei <span class=\"_ _16\"> </span>documenti <span class=\"_ _1f\"> </span>informativi <span class=\"_ _1f\"> </span>disponibili <span class=\"_ _16\"> </span>sul <span class=\"_ _1f\"> </span>sito <span class=\"_ _16\"> </span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>rn<span class=\"_ _0\"></span>et <span class=\"_ _16\"> </span>della <span class=\"_ _16\"> </span>Soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _16\"> </span>(i \u201cRegolamenti\u201d),  redatti <span class=\"_ _c\"> </span>ai<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>sensi  dell\u2019art.  114-bis  del  D<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>reto <span class=\"_ _c\"> </span>Le<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>islati<span class=\"_ _1\"></span>vo <span class=\"_ _c\"> </span>24<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>fe<span class=\"_ _1\"></span>bbraio  1998,  n.<span class=\"_ _0\"></span>  58, dell\u2019art. <span class=\"_ _6\"></span>84-b<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>s <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>Regolamento <span class=\"_ _6\"></span>adottato <span class=\"_ _6\"></span>dalla <span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nsob <span class=\"_ _f\"> </span>con <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>eli<span class=\"_ _1\"></span>bera <span class=\"_ _6\"></span>n. <span class=\"_ _6\"></span>1<span class=\"_ _0\"></span>1971 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _5\"></span>14<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>maggio <span class=\"_ _f\"> </span>1999<span class=\"_ _1\"></span> (\u201cRegolament<span class=\"_ _1\"></span>o <span class=\"_ _15\"> </span>Emittenti\u201d),<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>nonch\u00e9 <span class=\"_ _1f\"> </span>sulla <span class=\"_ _1f\"> </span>b<span class=\"_ _0\"></span>ase<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>dello <span class=\"_ _16\"> </span>schem<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>7 <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019Al<span class=\"_ _1\"></span>legato <span class=\"_ _1f\"> </span>3\u00b0 <span class=\"_ _1f\"> </span>del <span class=\"_ _1f\"> </span>Regolamento Emittenti. In <span class=\"_ _1d\"> </span>particolare, <span class=\"_ _1d\"> </span>entrambi <span class=\"_ _18\"> </span>i <span class=\"_ _1d\"> </span>R<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ola<span class=\"_ _1\"></span>menti <span class=\"_ _1d\"> </span>prevedono <span class=\"_ _18\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1c\"> </span>i <span class=\"_ _1d\"> </span>Piani <span class=\"_ _1d\"> </span>di <span class=\"_ _1d\"> </span>Incentivazio<span class=\"_ _1\"></span>ne <span class=\"_ _1d\"> </span>subirann<span class=\"_ _1\"></span>o un\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>cc<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>lerazione <span class=\"_ _0\"></span>\u201c<span class=\"ff5\">qualora<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>venisse <span class=\"_ _0\"></span>resa <span class=\"_ _0\"></span>pubblica <span class=\"_ _0\"></span>la promozione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>un\u2019offerta <span class=\"_ _0\"></span>pubblica <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>acquisto (O<span class=\"_ _0\"></span>PA)<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>[\u2026] </span>avente <span class=\"_ _e\"> </span>ad <span class=\"_ _19\"> </span>oggetto <span class=\"_ _e\"> </span>t<span class=\"_ _0\"></span>utte <span class=\"_ _e\"> </span>o <span class=\"_ _e\"> </span>parte <span class=\"_ _19\"> </span>delle <span class=\"_ _19\"> </span>Azioni <span class=\"_ _e\"> </span>della <span class=\"_ _e\"> </span>Societ\u00e0<span class=\"ff2\">\u201d. <span class=\"_ _e\"> </span>Con<span class=\"_ _0\"></span>se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uenteme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te, <span class=\"_ _e\"> </span>a <span class=\"_ _19\"> </span>seguito <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a </span>comunicazione <span class=\"_ _5\"></span>ai <span class=\"_ _6\"></span>sensi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ell\u2019a<span class=\"_ _1\"></span>rt. <span class=\"_ _5\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>2, <span class=\"_ _5\"></span>comm<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>3 <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>TUF <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>art. <span class=\"_ _b\"></span>3<span class=\"_ _0\"></span>7-<span class=\"ff5\">ter<span class=\"_ _1\"></span><span class=\"ff2\">, <span class=\"_ _5\"></span>comma <span class=\"_ _5\"></span>3 <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _5\"></span>R<span class=\"_ _0\"></span>egolame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> </span></span>Emittenti con <span class=\"_ _0\"></span>cui BBPM <span class=\"_ _0\"></span>Vita,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>in d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>6 novembre 20<span class=\"_ _0\"></span>24, ha r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span> nota la <span class=\"_ _0\"></span>promozi<span class=\"_ _1\"></span>one d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019OPA BBPM Vita <span class=\"_ _3\"></span>attraverso <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>deposito<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>presso <span class=\"_ _3\"></span>Consob <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>do<span class=\"_ _1\"></span>cumento <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>offerta, <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>Piani <span class=\"_ _3\"></span>devono <span class=\"_ _8\"></span>i<span class=\"_ _0\"></span>nte<span class=\"_ _1\"></span>ndersi <span class=\"_ _3\"></span>accelerati<span class=\"_ _1\"></span> con <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>inizione <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i matur<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>consegue<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>iscri<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>anticipata <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>costi <span class=\"_ _0\"></span>residuali <span class=\"_ _0\"></span>dei Piani. Aspetti contabi<span class=\"_ _1\"></span>li Ai <span class=\"_ _3\"></span>sensi del <span class=\"_ _3\"></span>prin<span class=\"_ _1\"></span>cipio <span class=\"_ _3\"></span>contabile i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ter<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>nale <span class=\"_ _3\"></span>IFR<span class=\"_ _0\"></span>S <span class=\"_ _8\"></span>2, <span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>Piani<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>considerarsi <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>pagamento <span class=\"_ _3\"></span>basato su <span class=\"_ _b\"></span>strumenti<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>rappresentat<span class=\"_ _1\"></span>ivi <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>capitale <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>fronte <span class=\"_ _0\"></span>della <span class=\"_ _b\"></span>prestazione<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>lavorativa <span class=\"_ _0\"></span>offerta <span class=\"_ _0\"></span>dal <span class=\"_ _b\"></span>Beneficiario<span class=\"_ _3\"></span> dur<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nte la durata di attuazione de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li stessi,<span class=\"_ _3\"></span> e <span class=\"_ _0\"></span>so<span class=\"_ _1\"></span>no da ritenersi <span class=\"ff5\">equity<span class=\"_ _3\"></span>-s<span class=\"_ _0\"></span>ettled<span class=\"ff2\"> (<span class=\"_ _3\"></span>sald<span class=\"_ _0\"></span>ato t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>amite azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni).<span class=\"_ _3\"></span> </span></span>Pertanto, <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>\u2019i<span class=\"_ _1\"></span>mpresa <span class=\"_ _b\"></span>riceve <span class=\"_ _5\"></span>servizi <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>nd<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>cambio <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>strumenti <span class=\"_ _b\"></span>rappresentativi <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>capitale. Essendovi <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>ggetti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>impossibilit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>stim<span class=\"_ _0\"></span>are<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>il <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>servizi <span class=\"_ _6\"></span>ricevuti, <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _6\"></span>value <span class=\"_ _5\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Piani <span class=\"_ _6\"></span>\u00e8<span class=\"_ _4a1\"> </span>stimato <span class=\"_ _f\"> </span>facend<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>riferiment<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>fair <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>alue, <span class=\"_ _6\"></span>alle <span class=\"_ _f\"> </span>rispettive <span class=\"_ _f\"> </span>date<span class=\"_ _3\"></span>  di<span class=\"_ _3\"></span>  a<span class=\"_ _1\"></span>ssegnazione <span class=\"_ _f\"> </span>(<span class=\"_ _1\"></span>\u201cGrant <span class=\"_ _6\"></span>D<span class=\"_ _0\"></span>ate\u201d),<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>degli strumenti rapp<span class=\"_ _1\"></span>resentativi del capitale <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ell\u2019impresa <span class=\"_ _3\"></span>assegn<span class=\"_ _0\"></span>ati (<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> \u201c<span class=\"_ _1\"></span>Diritti\u201d). Conseguentemente,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>Grant Date, <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>Diritt<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>attribuiti <span class=\"_ _0\"></span>costituisc<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>specifi<span class=\"_ _1\"></span>ci <span class=\"_ _b\"></span>pia<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>in f<span class=\"_ _0\"></span>unzione del rispettivo fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue indivi<span class=\"_ _1\"></span>duato, con oppo<span class=\"_ _1\"></span>rtuna distinta <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>uantifi<span class=\"_ _1\"></span>cazione. Tale f<span class=\"_ _0\"></span>air value, <span class=\"_ _0\"></span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minato al momento <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>ll\u2019iscrizione iniziale, non <span class=\"_ _0\"></span>viene pi\u00f9 <span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>odificato: le v<span class=\"_ _0\"></span>ariazioni successive  sono  determinate  unicamente  dall\u2019evoluzione  delle  condizio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i  di  maturazione  (vesting<span class=\"_ _1\"></span> conditions). Anima Holding si \u00e8 avvalsa di un <span class=\"_ _1\"></span>consulente esterno indipen<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ente per la stima<span class=\"_ _1\"></span> del fair value attrib<span class=\"_ _1\"></span>u<span class=\"_ _0\"></span>ito a <span class=\"_ _1\"></span>ciascuna Grant <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ate, <span class=\"_ _3\"></span>stima e<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>uata a<span class=\"_ _1\"></span>ttraverso metodi e <span class=\"_ _3\"></span>ipotesi i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nea con <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>norm<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ente <span class=\"_ _3\"></span>in conformit\u00e0 alle p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>evisioni <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>all\u2019I<span class=\"_ _1\"></span>nternational Accounting Stan<span class=\"_ _1\"></span>dards Board ri<span class=\"_ _1\"></span>gu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rdo i \u201cpagamenti basati<span class=\"_ _3\"></span> su azioni\u201d, secondo<span class=\"_ _1\"></span> quanto dispost<span class=\"_ _1\"></span>o dal principio <span class=\"_ _1\"></span>contabile IFRS 2. Il <span class=\"_ _6\"></span>costo <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>ciascuna <span class=\"_ _5\"></span>del<span class=\"_ _0\"></span>le <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndizioni <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _5\"></span>Piani <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>eterminato <span class=\"_ _5\"></span>moltiplicando <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il num<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o  dei  Di<span class=\"_ _0\"></span>ritt<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>che, <span class=\"_ _c\"> </span>p<span class=\"_ _1\"></span>er  c<span class=\"_ _0\"></span>ias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una  condizione,  si <span class=\"_ _c\"> </span>prevede  diventeranno <span class=\"_ _c\"> </span>esi<span class=\"_ _1\"></span>gibili <span class=\"_ _c\"> </span>al  termine <span class=\"_ _c\"> </span>del<span class=\"_ _1\"></span> periodo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>maturazione <span class=\"_ _6\"></span>stimato <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>assegnazione. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>stima <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>D<span class=\"_ _0\"></span>iritti <span class=\"_ _5\"></span>dipende <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lle <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>potesi<span class=\"_ _3\"></span> riguardanti <span class=\"_ _0\"></span>il num<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o di <span class=\"_ _0\"></span>Beneficiari ch<span class=\"_ _0\"></span>e si <span class=\"_ _0\"></span>prevede siano <span class=\"_ _0\"></span>ancora in<span class=\"_ _0\"></span> servizio <span class=\"_ _0\"></span>al termine <span class=\"_ _0\"></span>di c<span class=\"_ _0\"></span>iasc<span class=\"_ _1\"></span>un <span class=\"_ _0\"></span>Ciclo (<span class=\"ff5\">service <span class=\"_ _f\"> </span>condition</span>)<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>probabi<span class=\"_ _1\"></span>lit\u00e0 <span class=\"_ _f\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>soddisfacime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>ondiz<span class=\"_ _1\"></span>ioni <span class=\"_ _f\"> </span>non<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>mercat<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>(<span class=\"ff5\">performance </span>condition<span class=\"ff2\">): per e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>trambe le ip<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>tesi, <span class=\"_ _1\"></span>la valutazione ef<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ettuata a cias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ant Date \u00e8 <span class=\"_ _1\"></span>stata del 100%<span class=\"_ _1\"></span> </span>Il c<span class=\"_ _1\"></span>osto <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>condizioni <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei<span class=\"_ _1\"></span> Pian<span class=\"_ _3\"></span>i deve <span class=\"_ _3\"></span>essere all<span class=\"_ _3\"></span>ocato p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>oporzionalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>lungo i<span class=\"_ _3\"></span>l per<span class=\"_ _1\"></span>iodo di <span class=\"_ _16\"> </span>maturazione <span class=\"_ _16\"> </span>stimato. <span class=\"_ _16\"> </span>La <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levazione <span class=\"_ _16\"> </span>del <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>ost<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>v<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>eff<span class=\"_ _0\"></span>ettuata <span class=\"_ _c\"> </span>in <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>all\u2019entit\u00e0 <span class=\"_ _c\"> </span>con<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>qu<span class=\"_ _0\"></span>ale <span class=\"_ _c\"> </span>il Beneficiario intrattie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>orto di <span class=\"_ _1\"></span>lavoro o <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>orni<span class=\"_ _3\"></span>sc<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>la prestazione lav<span class=\"_ _1\"></span>orativa (attra<span class=\"_ _1\"></span>verso il<span class=\"_ _1\"></span> distacco di <span class=\"_ _c\"> </span>pers<span class=\"_ _1\"></span>onale); <span class=\"_ _c\"> </span>per  essa, <span class=\"_ _c\"> </span>a  ogni  d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>di  r<span class=\"_ _0\"></span>ep<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rting,<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>la <span class=\"_ _c\"> </span>rile<span class=\"_ _1\"></span>vazione <span class=\"_ _c\"> </span>del  costo  di <span class=\"_ _c\"> </span>competenza  avviene imputando <span class=\"_ _f\"></span>l\u2019am<span class=\"_ _1\"></span>montare <span class=\"_ _f\"></span>a <span class=\"_ _6\"></span>\u201c<span class=\"_ _0\"></span>Sp<span class=\"_ _1\"></span>ese <span class=\"_ _f\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _f\"> </span>personale\u201d <span class=\"_ _f\"> </span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>tr<span class=\"_ _1\"></span>opartita<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>Riserva <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>Patrimonio<span class=\"_ _3\"></span>  Netto<span class=\"_ _3\"></span> \u201cAltri strumenti rapp<span class=\"_ _1\"></span>resentativi di patri<span class=\"_ _1\"></span>monio nett<span class=\"_ _1\"></span>o\u201d. La <span class=\"_ _1f\"> </span>stima <span class=\"_ _15\"> </span>del <span class=\"_ _15\"> </span>numero <span class=\"_ _15\"> </span>dei <span class=\"_ _1f\"> </span>Diritti <span class=\"_ _1f\"> </span>che <span class=\"_ _15\"> </span>si <span class=\"_ _15\"> </span>ritiene <span class=\"_ _1f\"> </span>diventer\u00e0 <span class=\"_ _1f\"> </span>esigibile <span class=\"_ _1f\"> </span>all<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>sc<span class=\"_ _0\"></span>ade<span class=\"_ _1\"></span>nza <span class=\"_ _1f\"> </span>del <span class=\"_ _15\"> </span>periodo <span class=\"_ _15\"> </span>di maturazione <span class=\"_ _0\"></span>va r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vista <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>ogni data <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ep<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g <span class=\"_ _0\"></span>fin<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>scadenza del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iodo <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>maturazione, <span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uando diventa <span class=\"_ _0\"></span>definito <span class=\"_ _0\"></span>il n<span class=\"_ _0\"></span>umer<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ale dei <span class=\"_ _0\"></span>Diritti <span class=\"_ _0\"></span>maturati <span class=\"_ _0\"></span>dai <span class=\"_ _0\"></span>Beneficiari <span class=\"_ _0\"></span>(il <span class=\"_ _0\"></span>fai<span class=\"_ _1\"></span>r <span class=\"_ _0\"></span>value <span class=\"_ _0\"></span>invece <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>viene <span class=\"_ _0\"></span>mai rideterminato nell\u2019a<span class=\"_ _1\"></span>rco dei Piani). In <span class=\"_ _b\"></span>caso <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ione <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>stima <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>iziale <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>umer<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>iritti, <span class=\"_ _0\"></span>la <span class=\"_ _b\"></span>variazione <span class=\"_ _b\"></span>avviene <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minand<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a stima <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>umu<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ato <span class=\"_ _f\"> </span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>data <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>iscrive<span class=\"_ _1\"></span>ndone <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>e<span class=\"_ _1\"></span>ffetti <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>onto<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>economic<span class=\"_ _1\"></span>o, <span class=\"_ _f\"> </span>al <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>etto <span class=\"_ _6\"></span>del <span class=\"_ _f\"> </span>costo cumulato iscritto ne<span class=\"_ _1\"></span>lle precedenti <span class=\"_ _1\"></span>date di reportin<span class=\"_ _1\"></span>g.  Si <span class=\"_ _1f\"> </span>preci<span class=\"_ _0\"></span>sa<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>che, <span class=\"_ _1f\"> </span>in <span class=\"_ _1f\"> </span>forza <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019applicazione<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _1f\"> </span>p<span class=\"_ _1\"></span>rincipio <span class=\"_ _1f\"> </span>IFRS <span class=\"_ _1f\"> </span>2, <span class=\"_ _1f\"> </span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>mancato <span class=\"_ _1f\"> </span>raggiungimento <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> Condizioni di me<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cato n<span class=\"_ _1\"></span>on determina la ri-mis<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>razi<span class=\"_ _1\"></span>one del costo del Pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>. Al termine del peri<span class=\"_ _1\"></span>odo di maturazio<span class=\"_ _1\"></span>ne si possono v<span class=\"_ _1\"></span>erificare le segue<span class=\"_ _1\"></span>nti situazioni:<span class=\"_ _1\"></span> -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">le <span class=\"_ _3\"></span>vesting c<span class=\"_ _3\"></span>ond<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span>on (se<span class=\"_ _3\"></span>rv<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ce e<span class=\"_ _3\"></span> performance <span class=\"_ _3\"></span>condition) <span class=\"_ _3\"></span>non s<span class=\"_ _1\"></span>ono, <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n t<span class=\"_ _3\"></span>utto o <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>parte, soddisfatte,<span class=\"_ _3\"></span> </span></span>pertanto <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>costo <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>Diritti <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>asseg<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>\u00e8 r<span class=\"_ _0\"></span>ilevato<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>stornando <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Riser<span class=\"_ _1\"></span>va <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Patrimonio <span class=\"_ _0\"></span>Netto \u201cAltri  st<span class=\"_ _1\"></span>rumenti<span class=\"_ _1\"></span>  rapp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esentati<span class=\"_ _1\"></span>vi <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>  p<span class=\"_ _1\"></span>atrimonio <span class=\"_ _f\"></span>netto\u201d <span class=\"_ _f\"> </span>contro <span class=\"_ _f\"> </span>\u201cSpese <span class=\"_ _f\"> </span>per  i<span class=\"_ _3\"></span>l  perso<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ale\u201d<span class=\"_ _1\"></span>  p<span class=\"_ _1\"></span>er <span class=\"_ _f\"> </span>il mancato soddisfaciment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> della c<span class=\"_ _3\"></span>ond<span class=\"_ _0\"></span>izi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne;<span class=\"_ _3\"></span> -<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">le <span class=\"_ _3\"></span>vesting condit<span class=\"_ _1\"></span>ion (se<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>vice <span class=\"_ _3\"></span>e performan<span class=\"_ _1\"></span>ce <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onditio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>) so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o, <span class=\"_ _3\"></span>in tutto <span class=\"_ _3\"></span>o in <span class=\"_ _1\"></span>parte, so<span class=\"_ _3\"></span>ddisfatte: al<span class=\"_ _1\"></span>la </span></span>maturazione  definitiva  de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>  costo<span class=\"_ _1\"></span>  dei  Piani,  il  prin<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipio  c<span class=\"_ _1\"></span>ontabile  IFRS  2  no<span class=\"_ _1\"></span>n  d<span class=\"_ _0\"></span>etta<span class=\"_ _1\"></span>  i  criteri contabili <span class=\"_ _16\"> </span>per <span class=\"_ _1f\"> </span>questo <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>aso <span class=\"_ _16\"> </span>e, <span class=\"_ _1f\"> </span>pertanto, <span class=\"_ _16\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>Societ<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _1f\"> </span>ha <span class=\"_ _1f\"> </span>selezionato<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>quale <span class=\"_ _16\"> </span>criterio <span class=\"_ _1f\"> </span>quello <span class=\"_ _16\"> </span>di effettuare una<span class=\"_ _3\"></span> r<span class=\"_ _0\"></span>iclass<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>fica <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>ise<span class=\"_ _1\"></span>rva di Pa<span class=\"_ _1\"></span>trimonio Nett<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>Altri st<span class=\"_ _3\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>nti rappresentati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> di patrimonio netto\u201d alla <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>oce \u201cAlt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e riser<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e\u201d. LTIP 21-23 A <span class=\"_ _b\"></span>servizio <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Piano <span class=\"_ _b\"></span>Long<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Term <span class=\"_ _b\"></span>Incentive <span class=\"_ _b\"></span>2021-2023 <span class=\"_ _b\"></span>era <span class=\"_ _b\"></span>previsto <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>aumento <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>capitale <span class=\"_ _b\"></span>sociale <span class=\"_ _b\"></span>a titolo  g<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atuit<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>del<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span>  Societ\u00e0, <span class=\"_ _f\"> </span>fino <span class=\"_ _f\"> </span>ad <span class=\"_ _f\"> </span>un  massi<span class=\"_ _1\"></span>mo <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>2,85% <span class=\"_ _f\"> </span>del<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>capitale <span class=\"_ _f\"> </span>sociale <span class=\"_ _f\"> </span>(pari  a<span class=\"_ _3\"></span>  u<span class=\"_ _1\"></span>n <span class=\"_ _f\"> </span>n<span class=\"_ _0\"></span>umer<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> massimo  di <span class=\"_ _f\"> </span>10.506.120  A<span class=\"_ _1\"></span>zioni) <span class=\"_ _f\"> </span>alla  data <span class=\"_ _f\"> </span>di  appro<span class=\"_ _1\"></span>vazion<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>del  Pia<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>21-23.  A <span class=\"_ _f\"> </span>tale  s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>opo  e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>stata approvata <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>all\u2019Asse<span class=\"_ _3\"></span>mb<span class=\"_ _0\"></span>lea <span class=\"_ _e\"> </span>Straordinaria <span class=\"_ _e\"> </span>di <span class=\"_ _19\"> </span>Anima <span class=\"_ _e\"> </span>Ho<span class=\"_ _0\"></span>ldin<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>, <span class=\"_ _19\"> </span>nell\u2019aduna<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _e\"> </span>del <span class=\"_ _19\"> </span>31 <span class=\"_ _19\"> </span>marzo <span class=\"_ _19\"> </span>2021, l\u2019attribuzione di una <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>lega <span class=\"_ _0\"></span>al<span class=\"_ _1\"></span> Consiglio di <span class=\"_ _0\"></span>A<span class=\"_ _1\"></span>mministrazione, ex art. 2<span class=\"_ _0\"></span>443<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Codice Civile, <span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>aumentare gratuitamente <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _b\"></span>sociale, <span class=\"_ _5\"></span>in <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>pi\u00f9 <span class=\"_ _5\"></span>tranche, <span class=\"_ _b\"></span>a <span class=\"_ _5\"></span>norma <span class=\"_ _b\"></span>dell\u2019art. <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>349, <span class=\"_ _b\"></span>primo <span class=\"_ _b\"></span>comma, <span class=\"_ _5\"></span>Codice Civile, <span class=\"_ _1\"></span>utilizzando <span class=\"_ _3\"></span>un <span class=\"_ _1\"></span>ammontare <span class=\"_ _3\"></span>corrispondente <span class=\"_ _3\"></span>agli <span class=\"_ _1\"></span>utili<span class=\"_ _1\"></span> e/o <span class=\"_ _3\"></span>riserve <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> uti<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>quali <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>sulta<span class=\"_ _1\"></span>nti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>bilancio di <span class=\"_ _0\"></span>esercizi<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>di volta <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>volta approvato, fino <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>un importo m<span class=\"_ _0\"></span>assi<span class=\"_ _3\"></span>mo<span class=\"_ _0\"></span> di <span class=\"_ _0\"></span>Euro 207.816,58. In<span class=\"_ _0\"></span> aggiunta <span class=\"_ _0\"></span>o in <span class=\"_ _b\"></span>alte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>nati<span class=\"_ _1\"></span>va <span class=\"_ _0\"></span>anche <span class=\"_ _0\"></span>parziale <span class=\"_ _0\"></span>all'a<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>mento del <span class=\"_ _0\"></span>capitale <span class=\"_ _0\"></span>sociale, <span class=\"_ _0\"></span>Anima Ho<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ding <span class=\"_ _0\"></span>poteva<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>altres\u00ec <span class=\"_ _0\"></span>attribuire<span class=\"_ _1\"></span> ai Beneficiari azion<span class=\"_ _1\"></span>i proprie, detenute i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> po<span class=\"_ _1\"></span>rtafoglio dalla Societ\u00e0. Il <span class=\"_ _f\"></span>Pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>21-23 <span class=\"_ _6\"></span>era <span class=\"_ _6\"></span>fin<span class=\"_ _0\"></span>alizza<span class=\"_ _1\"></span>to <span class=\"_ _6\"></span>a <span class=\"_ _f\"></span>(i)<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>mante<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ere<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _1\"></span>ocus <span class=\"_ _6\"></span>sul <span class=\"_ _f\"></span>c<span class=\"_ _1\"></span>onseguimento <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _6\"></span>obiettivi <span class=\"_ _6\"></span>strategici <span class=\"_ _6\"></span>a medio-lungo termi<span class=\"_ _1\"></span>ne del <span class=\"_ _0\"></span>G<span class=\"_ _3\"></span>ruppo, (<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>) rafforzare<span class=\"_ _1\"></span>, in un ori<span class=\"_ _0\"></span>zz<span class=\"_ _1\"></span>onte di lungo peri<span class=\"_ _1\"></span>odo, l'allineamento tra <span class=\"_ _1\"></span>gli interessi <span class=\"_ _c\"> </span>dei <span class=\"_ _c\"> </span>Beneficiari <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>quell<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>degli <span class=\"_ _c\"> </span>azionisti <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>degli <span class=\"_ _c\"> </span>stakeh<span class=\"_ _1\"></span>old<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>Grupp<span class=\"_ _1\"></span>o, <span class=\"_ _c\"> </span>(iii) <span class=\"_ _c\"> </span>sostenere <span class=\"_ _c\"> </span>la creazione d<span class=\"_ _1\"></span>i val<span class=\"_ _1\"></span>ore e <span class=\"_ _3\"></span>la respo<span class=\"_ _1\"></span>nsabilit\u00e0 <span class=\"_ _1\"></span>sociale d<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>imp<span class=\"_ _3\"></span>resa nel <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ngo te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>mine <span class=\"_ _3\"></span>e (iv) <span class=\"_ _3\"></span>favorire l\u2019<span class=\"ff5\">attraction<span class=\"_ _1\"></span><span class=\"ff2\"> e <span class=\"_ _3\"></span>la </span></span>fidelizzazione delle <span class=\"_ _1\"></span>\u201crisorse chia<span class=\"_ _1\"></span>ve\u201d per il conse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uimento delle<span class=\"_ _1\"></span> direttrici strategic<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e del Gruppo.<span class=\"_ _1\"></span> L\u2019esercizio <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>diritti <span class=\"_ _6\"></span>era <span class=\"_ _5\"></span>subordinat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giungimento <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nati <span class=\"_ _5\"></span>obi<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>ivi <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>performance <span class=\"_ _5\"></span>nel corso <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>tre <span class=\"_ _b\"></span>periodi <span class=\"_ _b\"></span>t<span class=\"_ _1\"></span>riennali <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>attuazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>21-23 <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>\u201c<span class=\"_ _1\"></span>Ciclo <span class=\"_ _b\"></span>21-23\u201d, <span class=\"_ _b\"></span>\u201cCicl<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>22-24\u201d <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>\u201cCiclo <span class=\"_ _0\"></span>23-<span class=\"_ _4a1\"> </span>25\u201d). Si <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>invia <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>quan<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>illustrato <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _b\"></span>\u201cNota <span class=\"_ _6\"></span>integrativ<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>onso<span class=\"_ _1\"></span>lidata <span class=\"_ _6\"></span>\u2013 <span class=\"_ _5\"></span>Parte <span class=\"_ _6\"></span>A <span class=\"_ _6\"></span>- <span class=\"_ _6\"></span>Politic<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>contabili <span class=\"_ _5\"></span>\u2013 <span class=\"_ _6\"></span>A.2 Parte <span class=\"_ _0\"></span>relativ<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>principal<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>voc<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>el bi<span class=\"_ _0\"></span>lan<span class=\"_ _1\"></span>cio <span class=\"_ _0\"></span>\u2013<span class=\"_ _0\"></span> Long <span class=\"_ _0\"></span>Term<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>I<span class=\"_ _1\"></span>ncentive <span class=\"_ _0\"></span>Plan <span class=\"_ _0\"></span>(\u201cLTIP\u201d) <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>LTIP <span class=\"_ _0\"></span>2021-2023\u201d del <span class=\"_ _15\"> </span>Bilancio <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>onso<span class=\"_ _1\"></span>lidato <span class=\"_ _1f\"> </span>al <span class=\"_ _15\"> </span>31 <span class=\"_ _1f\"> </span>dicembre <span class=\"_ _15\"> </span>2023 <span class=\"_ _16\"> </span>per <span class=\"_ _1f\"> </span>g<span class=\"_ _0\"></span>li <span class=\"_ _1f\"> </span>aspetti <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>ontabil<span class=\"_ _1\"></span>i <span class=\"_ _1f\"> </span>e <span class=\"_ _15\"> </span>i <span class=\"_ _15\"> </span>dettagli <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>ias<span class=\"_ _1\"></span>cuna assegnazione dei D<span class=\"_ _1\"></span>iritti/riquantificazio<span class=\"_ _1\"></span>ni effettuat<span class=\"_ _3\"></span>e a tutto il 31 dicembre 20<span class=\"_ _1\"></span>23.  Si seg<span class=\"_ _0\"></span>nala che <span class=\"_ _0\"></span>nel c<span class=\"_ _0\"></span>ors<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> del<span class=\"_ _0\"></span> 2024 \u00e8 <span class=\"_ _0\"></span>stato <span class=\"_ _0\"></span>possibile effettuare la <span class=\"_ _0\"></span>verifica d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nitiva <span class=\"_ _0\"></span>del r<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giungi<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> di <span class=\"_ _1f\"> </span>alcune <span class=\"_ _16\"> </span>condizioni <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>esercizio <span class=\"_ _1f\"> </span>riferite <span class=\"_ _16\"> </span>al <span class=\"_ _1f\"> </span>Ciclo <span class=\"_ _16\"> </span>21-23 <span class=\"_ _1f\"> </span>che <span class=\"_ _16\"> </span>alla <span class=\"_ _1f\"> </span>data <span class=\"_ _16\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>edazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _16\"> </span>del <span class=\"_ _16\"> </span>B<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>lancio Consolidato <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>31 <span class=\"_ _e\"> </span>dicembre <span class=\"_ _e\"> </span>2023 <span class=\"_ _e\"> </span>risultavano <span class=\"_ _d\"> </span>anc<span class=\"_ _0\"></span>ora <span class=\"_ _d\"> </span>q<span class=\"_ _0\"></span>ua<span class=\"_ _1\"></span>ntificate <span class=\"_ _e\"> </span>in <span class=\"_ _19\"> </span>modalit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>provvisoria. <span class=\"_ _e\"> </span>In particolare:  <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">la <span class=\"_ _b\"></span>condizione <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>mercato <span class=\"_ _0\"></span>LRN <span class=\"_ _b\"></span>gestioni <span class=\"_ _b\"></span>patrimo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>iali, <span class=\"_ _0\"></span>definita <span class=\"_ _b\"></span>sulla <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ase <span class=\"_ _0\"></span>dei <span class=\"_ _b\"></span>dati <span class=\"_ _0\"></span>contenuti </span></span>nella <span class=\"_ _e\"> </span>Mappa <span class=\"_ _d\"> </span>tri<span class=\"_ _0\"></span>mestrale <span class=\"_ _e\"> </span>Ass<span class=\"_ _1\"></span>ogestioni <span class=\"_ _d\"> </span>del <span class=\"_ _19\"> </span>IV\u00b0 <span class=\"_ _e\"> </span>trimestre <span class=\"_ _e\"> </span>2023, <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _e\"> </span>risultata <span class=\"_ _e\"> </span>parzialmente<span class=\"_ _3\"></span> soddisfatta <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>comportato <span class=\"_ _3\"></span>una <span class=\"_ _3\"></span>percentuale <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>asse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nazione <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>Diritti <span class=\"_ _3\"></span>esercitabili <span class=\"_ _3\"></span>del 1<span class=\"_ _3\"></span>4,<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>1% (precedente <span class=\"_ _b\"></span>valorizzazione <span class=\"_ _b\"></span>stimata <span class=\"_ _b\"></span>contenuta<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>nel <span class=\"_ _b\"></span>Bilancio <span class=\"_ _b\"></span>Consolidato <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>31 <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cembre <span class=\"_ _b\"></span>2023 pari al 15,21%); <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">la <span class=\"_ _f\"> </span>condizione <span class=\"_ _f\"> </span>non <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>mercato <span class=\"_ _f\"> </span>LRN <span class=\"_ _f\"> </span>gestioni <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ollettive, <span class=\"_ _f\"> </span>anch\u2019essa <span class=\"_ _f\"></span>defin<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ta <span class=\"_ _6\"></span>su<span class=\"_ _0\"></span>lla <span class=\"_ _f\"> </span>base <span class=\"_ _f\"> </span>dei <span class=\"_ _f\"> </span>dati<span class=\"_ _1\"></span> </span></span>contenuti nella Map<span class=\"_ _1\"></span>pa trimestrale Asso<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>estioni <span class=\"_ _1\"></span>del IV\u00b0 trimestre 20<span class=\"_ _1\"></span>23, \u00e8 risultata conferma<span class=\"_ _1\"></span>ta com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> non<span class=\"_ _0\"></span> s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ddis<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>atta<span class=\"_ _1\"></span>, con conseguente man<span class=\"_ _1\"></span>cata assegnazione dei <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>iritti eser<span class=\"_ _1\"></span>citabili. In <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>28 <span class=\"_ _0\"></span>marzo <span class=\"_ _0\"></span>2024, con <span class=\"_ _0\"></span>l\u2019approvazione del <span class=\"_ _0\"></span>Bilancio <span class=\"_ _0\"></span>d\u2019esercizio<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>So<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _0\"></span>al 3<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dicembre <span class=\"_ _0\"></span>2023 da <span class=\"_ _f\"> </span>parte <span class=\"_ _f\"> </span>dell\u2019Assem<span class=\"_ _1\"></span>blea, <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>concluso <span class=\"_ _f\"> </span>il<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>Periodo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>Matu<span class=\"_ _1\"></span>razione <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>Ci<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>lo <span class=\"_ _f\"> </span>21-23 <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>con<span class=\"_ _1\"></span>seguente cessazione d<span class=\"_ _0\"></span>ella r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione d<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>su<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>costi nel <span class=\"_ _0\"></span>Conto <span class=\"_ _0\"></span>Economico <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Gruppo<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>determinazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>di n<span class=\"_ _0\"></span>\u00b0 1.760.051 <span class=\"_ _3\"></span>Diritti <span class=\"_ _3\"></span>esercitabili <span class=\"_ _3\"></span>dai <span class=\"_ _3\"></span>Benefi<span class=\"_ _1\"></span>ciari, <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>complessivamente <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>53,48% <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>Diritti <span class=\"_ _3\"></span>disponibili <span class=\"_ _3\"></span>del Ciclo  2<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>-2<span class=\"_ _1\"></span>3. <span class=\"_ _f\"> </span>Successivamente, <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>data <span class=\"_ _f\"> </span>4 <span class=\"_ _f\"> </span>aprile <span class=\"_ _f\"> </span>2024,  s<span class=\"_ _3\"></span>ono  st<span class=\"_ _1\"></span>ate <span class=\"_ _f\"> </span>esercitate <span class=\"_ _f\"> </span>dai <span class=\"_ _f\"> </span>Beneficiari <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>Diritti relativi <span class=\"_ _5\"></span>al <span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>clo <span class=\"_ _6\"></span>21-23, <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _5\"></span>conseguente <span class=\"_ _5\"></span>assegnazione <span class=\"_ _6\"></span>gratuita <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>n\u00b0 <span class=\"_ _6\"></span>1.760.051 <span class=\"_ _6\"></span>azioni <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>Societ\u00e0, attraverso l\u2019utilizz<span class=\"_ _1\"></span>o di azioni proprie <span class=\"_ _1\"></span>detenute nel portafoglio<span class=\"_ _1\"></span> dalla stessa. <span class=\"_ _3\"></span> Inoltre, <span class=\"_ _b\"></span>nel <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>orso <span class=\"_ _b\"></span>dell\u2019esercizio, <span class=\"_ _b\"></span>sono <span class=\"_ _5\"></span>state <span class=\"_ _b\"></span>effettu<span class=\"_ _3\"></span>ate <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>riquantificazioni <span class=\"_ _b\"></span>dei <span class=\"_ _5\"></span>Diritti <span class=\"_ _b\"></span>esercitabili <span class=\"_ _5\"></span>in seguito <span class=\"_ _6\"></span>a<span class=\"_ _1\"></span>ll\u2019uscita <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>taluni <span class=\"_ _5\"></span>Beneficia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>che, <span class=\"_ _6\"></span>ai <span class=\"_ _5\"></span>sensi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>Regolament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>del <span class=\"_ _6\"></span>Piano <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>1-23,<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ha com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>tato<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>il <span class=\"_ _f\"> </span>dec<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ime<span class=\"_ _1\"></span>nto  totale  o  parziale <span class=\"_ _f\"> </span>del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>a  f<span class=\"_ _0\"></span>acolt\u00e0  d\u2019e<span class=\"_ _1\"></span>sercizio  dei  Diritti<span class=\"_ _1\"></span>  precedentemente<span class=\"_ _3\"></span> attribuiti <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>Grant Date <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5/<span class=\"_ _1\"></span>05/2021 <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>misura pari <span class=\"_ _b\"></span>allo <span class=\"_ _0\"></span>0,15%<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>Diritti <span class=\"_ _0\"></span>totali <span class=\"_ _0\"></span>riferiti <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Ciclo 22<span class=\"_ _0\"></span>-<span class=\"_ _4a1\"> </span>24 <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>allo <span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>,58% d<span class=\"_ _0\"></span>ei Diritti <span class=\"_ _0\"></span>totali r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>eriti al <span class=\"_ _0\"></span>Ciclo 2<span class=\"_ _0\"></span>3-25 <span class=\"_ _0\"></span>e (ii)<span class=\"_ _0\"></span> alla <span class=\"_ _0\"></span>Grant Date <span class=\"_ _0\"></span>20/04/<span class=\"_ _1\"></span>2023 <span class=\"_ _0\"></span>in m<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ra <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ri allo 0,24% dei Di<span class=\"_ _1\"></span>ritti totali riferiti a<span class=\"_ _1\"></span>l Ciclo 23-25. Si r<span class=\"_ _0\"></span>icorda ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> in<span class=\"_ _0\"></span> data <span class=\"_ _0\"></span>7 <span class=\"_ _0\"></span>maggi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>24, <span class=\"_ _0\"></span>\u00e8 stato <span class=\"_ _0\"></span>assegnato un <span class=\"_ _0\"></span>ulteriore 0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>5% d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> Diritti <span class=\"_ _0\"></span>totali (riferiti <span class=\"_ _0\"></span>al Ciclo <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>3-<span class=\"_ _1\"></span>25) <span class=\"_ _f\"> </span>a <span class=\"_ _5\"></span>9<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Ben<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ciari <span class=\"_ _f\"></span>(d<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>cui <span class=\"_ _5\"></span>n\u00b0 <span class=\"_ _f\"> </span>3 <span class=\"_ _f\"> </span>Be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>eficia<span class=\"_ _1\"></span>ri <span class=\"_ _f\"> </span>gi\u00e0 <span class=\"_ _6\"></span>selezionati <span class=\"_ _6\"></span>alla <span class=\"_ _f\"> </span>data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>assegnazione <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _5\"></span>25 maggio <span class=\"_ _0\"></span>2021) <span class=\"_ _0\"></span>individuati <span class=\"_ _0\"></span>dall\u2019Amministrato<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>ele<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ato <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _0\"></span>Holding <span class=\"_ _0\"></span>(\u201cGrant <span class=\"_ _0\"></span>Date <span class=\"_ _0\"></span>7/05/2024\u201d);<span class=\"_ _3\"></span> si evidenziano qui di <span class=\"_ _3\"></span>segui<span class=\"_ _0\"></span>to <span class=\"_ _1\"></span>i valori di fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue co<span class=\"_ _1\"></span>rrelati: (i)<span class=\"ff4 fs5\"> <span class=\"_ _172\"> </span></span>alle Condizioni no<span class=\"_ _1\"></span>n di mercato - pari a <span class=\"_ _1\"></span>Euro 4,24,  (ii)<span class=\"ff4 fs5\"> <span class=\"_ _173\"> </span></span>alla Condizione di me<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cato TRS It<span class=\"_ _1\"></span>alia - pari a Euro<span class=\"_ _1\"></span> 1,55 e  (iii)<span class=\"ff4 fs5\"> <span class=\"_ _6f\"> </span></span>alla Condizione di me<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>ato T<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>S E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ropa<span class=\"_ _1\"></span> - pari ad Eur<span class=\"_ _1\"></span>o 3,42. Il <span class=\"_ _6\"></span>costo <span class=\"_ _5\"></span>complessivo <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>Gruppo <span class=\"_ _5\"></span>der<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vante <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>fair <span class=\"_ _6\"></span>value <span class=\"_ _6\"></span>dei <span class=\"_ _5\"></span>Diritti <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>Ciclo <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>3-25, <span class=\"_ _6\"></span>asse<span class=\"_ _1\"></span>gn<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>7<span class=\"_ _0\"></span> maggio 2024, \u00e8 sta<span class=\"_ _1\"></span>to pari a circa Eu<span class=\"_ _1\"></span>ro 0,28 milioni.<span class=\"_ _3\"></span> Alla data di asse<span class=\"_ _1\"></span>gnazione, ai fini della <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontabi<span class=\"_ _1\"></span>lizzazione del cost<span class=\"_ _1\"></span>o in bilancio, il Peri<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>do di M<span class=\"_ _1\"></span>atur<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> stimato era <span class=\"_ _3\"></span>stato di <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>3 <span class=\"_ _3\"></span>mesi per <span class=\"_ _1\"></span>i D<span class=\"_ _1\"></span>iritti a<span class=\"_ _1\"></span>ssegnati <span class=\"_ _1\"></span>del <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>iclo <span class=\"_ _3\"></span>23<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>25, dal <span class=\"_ _3\"></span>1\u00b0 giugn<span class=\"_ _1\"></span>o 2024 a<span class=\"_ _1\"></span>l 3<span class=\"_ _1\"></span>0 ap<span class=\"_ _1\"></span>rile 2026 (data <span class=\"_ _b\"></span>ipo<span class=\"_ _0\"></span>tizza<span class=\"_ _1\"></span>ta <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>approvazione <span class=\"_ _b\"></span>da <span class=\"_ _5\"></span>parte <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019Assemblea <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>Anima <span class=\"_ _b\"></span>Holding <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ilanci<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>chiuso <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>31 dicembre 2025).<span class=\"_ _4a1\"> </span>Alla d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>rife<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imento del <span class=\"_ _0\"></span>prese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te Bil<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ncio<span class=\"_ _0\"></span> risult<span class=\"_ _1\"></span>ano <span class=\"_ _0\"></span>pertant<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>assegnati complessivame<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>il 100% dei Diritti totali dispo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ibili<span class=\"_ _1\"></span> previsti dal Pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 21-23.<span class=\"_ _1\"></span> Come <span class=\"_ _c\"> </span>previsto <span class=\"_ _c\"> </span>dal <span class=\"_ _c\"> </span>Regolamento <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>Piano <span class=\"_ _c\"> </span>21-23 <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>conseguenza <span class=\"_ _c\"> </span>dell\u2019ann<span class=\"_ _1\"></span>uncio <span class=\"_ _c\"> </span>riguardante <span class=\"_ _c\"> </span>la promozione <span class=\"_ _3\"></span>dell\u2019OPA <span class=\"_ _3\"></span>BBPM <span class=\"_ _3\"></span>Vita <span class=\"_ _3\"></span>(considerato<span class=\"_ _1\"></span>, <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>\u2019altro, <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>corrispettivo <span class=\"_ _3\"></span>offerto <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>integra <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>premi<span class=\"_ _1\"></span>o superiore <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>30% s<span class=\"_ _3\"></span>ul p<span class=\"_ _1\"></span>rezzo <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>azioni <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>Societ\u00e0 <span class=\"_ _3\"></span>registrato <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>1\u00b0 <span class=\"_ _3\"></span>gennaio <span class=\"_ _3\"></span>2021), <span class=\"_ _3\"></span>si <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _3\"></span>resa <span class=\"_ _3\"></span>necessaria<span class=\"_ _1\"></span> la  verifica  al  31  di<span class=\"_ _1\"></span>cembre  2024  di  taluni  pote<span class=\"_ _1\"></span>nziali  meccanismi<span class=\"_ _1\"></span>  di  riduzione  <span class=\"ff5\">pro-rata  tem<span class=\"_ _1\"></span>poris  <span class=\"ff2\">del </span></span>num<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>attribui<span class=\"_ _1\"></span>bili <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>Beneficiari <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>taluni <span class=\"_ _0\"></span>potenziali <span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giustamenti <span class=\"_ _0\"></span>riguarda<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti g<span class=\"_ _0\"></span>li obiettivi di performance, dalla q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ale \u00e8 stato<span class=\"_ _3\"></span> possibile determ<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nare che:<span class=\"_ _3\"></span> <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _0\"></span>numero <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>ribuibili <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>Bene<span class=\"_ _1\"></span>ficiari <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>corrispondenza <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>Diritti<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>assegnati n<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>sub<span class=\"_ _1\"></span>ir\u00e0 </span></span>riduzioni <span class=\"ff5\">pro-rata temporis </span>e<span class=\"_ _3\"></span> <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">gli <span class=\"_ _b\"></span>obiettivi <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>performan<span class=\"_ _1\"></span>ce <span class=\"_ _b\"></span>si <span class=\"_ _b\"></span>considereran<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _3\"></span>giu<span class=\"_ _0\"></span>nti <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>livello <span class=\"_ _b\"></span>target <span class=\"_ _0\"></span>senza <span class=\"_ _b\"></span>app<span class=\"_ _1\"></span>licazione <span class=\"_ _b\"></span>di </span></span>aggiustamenti. <span class=\"_ _1\"></span> Pertanto, i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>numero di <span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i attribuibili<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>rife<span class=\"_ _1\"></span>rite <span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>residu<span class=\"_ _1\"></span>i Ci<span class=\"_ _0\"></span>clo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>22-24 e C<span class=\"_ _0\"></span>icl<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>23-25 \u00e8 pari <span class=\"_ _0\"></span>al 100%<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dei Diritti <span class=\"_ _c\"> </span>asse<span class=\"_ _3\"></span>gn<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>a  ciascun <span class=\"_ _c\"> </span>Be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>iciario,  fatta <span class=\"_ _c\"> </span>sal<span class=\"_ _3\"></span>va <span class=\"_ _c\"> </span>la  Condizione  di  Permanenza,  per <span class=\"_ _c\"> </span>u<span class=\"_ _1\"></span>n  n<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>mero com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssivo <span class=\"_ _0\"></span>di 7.<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>90.275 <span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _0\"></span>Societ\u00e0; <span class=\"_ _0\"></span>tal<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>sono assegnate <span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>raver<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> l\u2019utilizzo <span class=\"_ _0\"></span>di azioni proprie <span class=\"_ _1f\"> </span>detenute <span class=\"_ _16\"> </span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>por<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>foglio <span class=\"_ _1f\"> </span>da <span class=\"_ _15\"> </span>Anima <span class=\"_ _1f\"> </span>Holding.<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>Si <span class=\"_ _15\"> </span>informa <span class=\"_ _16\"> </span>che, <span class=\"_ _1f\"> </span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ifi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ate <span class=\"_ _1f\"> </span>le <span class=\"_ _16\"> </span>Con<span class=\"_ _0\"></span>diz<span class=\"_ _1\"></span>ioni <span class=\"_ _1f\"> </span>di Permanenza di cias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>un Beneficia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io, s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no state a<span class=\"_ _1\"></span>ttribuite tali az<span class=\"_ _1\"></span>ioni.  Per qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nto<span class=\"_ _0\"></span> s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>pra, il valore comples<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>v<span class=\"_ _1\"></span>o del <span class=\"_ _0\"></span>P<span class=\"_ _3\"></span>ian<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>21-23 per il Gruppo, interamente <span class=\"_ _1\"></span>contabilizzato per la parte residuale <span class=\"_ _1\"></span>nell\u2019esercizio, viene<span class=\"_ _1\"></span> qui di seguit<span class=\"_ _3\"></span>o rappresentato (dati in unit\u00e0 d<span class=\"_ _1\"></span>i Euro):<span class=\"_ _1\"></span> <table class=\"s w290 h357\" id=\"_255aa267-d636-4384-96a6-4c8fd597f2d1\"><tr><td></td><td></td><td class=\"t m12 x371 h66 y17b4 ff3 fs22 fc1 sc0 ls0 ws0\">Co<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span> per <span class=\"_ _1\"></span>il Gru<span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"t m12 x372 h66 y17b5 ff3 fs22 fc1 sc0 ls0 ws0\">Per<span class=\"_ _3\"></span>io<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>di rifer<span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></td><td class=\"c n x373 y17b7 w291 h358\"><div class=\"t m12 x17f h66 y17b6 ff3 fs22 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>/12<span class=\"_ _0\"></span>/2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x374 y17b7 w291 h358\"><div class=\"t m12 x17f h66 y17b6 ff3 fs22 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>/1<span class=\"_ _0\"></span>2/2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x375 y17b9 w292 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>iclo 21<span class=\"_ _0\"></span>-23<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x376 y17b9 w293 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _0\"></span>34.73<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x377 y17b9 w294 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">7.20<span class=\"_ _0\"></span>9.21<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x375 y17ba w292 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>iclo 22<span class=\"_ _0\"></span>-24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x378 y17ba w295 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">10.<span class=\"_ _0\"></span>090<span class=\"_ _0\"></span>.03<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x379 y17ba w296 h359\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>0.136<span class=\"_ _0\"></span>.02<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x375 y17bb w292 h35a\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>iclo 23<span class=\"_ _0\"></span>-25<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x378 y17bb w295 h35a\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">11.<span class=\"_ _0\"></span>017<span class=\"_ _0\"></span>.94<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x379 y17bb w296 h35a\"><div class=\"t m12 x17f h67 y17b8 ff2 fs22 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>0.982<span class=\"_ _0\"></span>.67<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x37a y16d8 w297 h34e\"><div class=\"t m12 x17f h66 y17bc ff3 fs22 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tale Eu<span class=\"_ _0\"></span>ro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x37b y16d8 w298 h34e\"><div class=\"t m12 x17f h66 y17bc ff3 fs22 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>.242<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x37c y16d8 w299 h34e\"><div class=\"t m12 x17f h66 y17bc ff3 fs22 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>8.327<span class=\"_ _0\"></span>.925<span class=\"_ _4a1\"> </span></div></td></tr></table>Nel <span class=\"_ _6\"></span>presente <span class=\"_ _5\"></span>Bilancio <span class=\"_ _5\"></span>consolidato <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>iscritto <span class=\"_ _6\"></span>nel <span class=\"_ _5\"></span>conto <span class=\"_ _6\"></span>econo<span class=\"_ _1\"></span>mico <span class=\"_ _5\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>importo <span class=\"_ _6\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>Euro <span class=\"_ _5\"></span>10,5 milioni, <span class=\"_ _0\"></span>derivante (<span class=\"_ _0\"></span>a) <span class=\"_ _0\"></span>da<span class=\"_ _1\"></span>lla <span class=\"_ _0\"></span>componente <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>odo<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>riferita <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Piano <span class=\"_ _0\"></span>21-23<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>(piano <span class=\"_ _0\"></span>originale <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>assenza<span class=\"_ _1\"></span> dell\u2019OPA) <span class=\"_ _16\"> </span>per <span class=\"_ _c\"> </span>u<span class=\"_ _0\"></span>n <span class=\"_ _16\"> </span>import<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>di <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>irca <span class=\"_ _16\"> </span>Euro <span class=\"_ _16\"> </span>6 <span class=\"_ _c\"> </span>mil<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _c\"> </span>(ten<span class=\"_ _0\"></span>uto <span class=\"_ _c\"> </span>an<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _16\"> </span>conto <span class=\"_ _16\"> </span>(i) <span class=\"_ _16\"> </span>delle <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>iquanti<span class=\"_ _1\"></span>ficazioni effettuate <span class=\"_ _6\"></span>nel <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>orso <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ell\u2019ese<span class=\"_ _1\"></span>rcizio <span class=\"_ _6\"></span>per <span class=\"_ _f\"> </span>effetto <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ell\u2019uscita<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>taluni <span class=\"_ _6\"></span>Ben<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>iciari <span class=\"_ _5\"></span>dal <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>(ii) <span class=\"_ _6\"></span>della verifica <span class=\"_ _f\"> </span>definiti<span class=\"_ _1\"></span>va <span class=\"_ _f\"> </span>delle <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ondiz<span class=\"_ _1\"></span>ioni <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>eser<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>izio <span class=\"_ _f\"> </span>de<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>Diritti <span class=\"_ _f\"> </span>esercitabi<span class=\"_ _1\"></span>li <span class=\"_ _f\"> </span>del <span class=\"_ _f\"></span>Cicl<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>21-23), <span class=\"_ _f\"> </span>oltre <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>b) <span class=\"_ _6\"></span>all<span class=\"_ _0\"></span>a com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _1b\"> </span>di <span class=\"_ _17\"> </span>costo<span class=\"_ _1\"></span> <span class=\"_ _17\"> </span>anticipata <span class=\"_ _1b\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iva<span class=\"_ _1\"></span>nte <span class=\"_ _17\"> </span>dalla<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>definizione <span class=\"_ _1b\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>per<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>do <span class=\"_ _17\"> </span>di <span class=\"_ _17\"> </span>maturazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _17\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> l\u2019accelerazione <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>Piano <span class=\"_ _6\"></span>21-23, <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>conseguenza <span class=\"_ _6\"></span>dell\u2019annuncio <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>iguar<span class=\"_ _1\"></span>dante <span class=\"_ _f\"> </span>la <span class=\"_ _6\"></span>promozione <span class=\"_ _6\"></span>dell\u2019OPA BBPM Vita, per un impo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to di <span class=\"_ _1\"></span>circa Euro 4,6 mi<span class=\"_ _1\"></span>lioni. LTIP 24-26 Il <span class=\"_ _f\"> </span>Piano <span class=\"_ _f\"> </span>Long  T<span class=\"_ _1\"></span>erm <span class=\"_ _f\"> </span>Incentive <span class=\"_ _f\"> </span>202<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>-2026 <span class=\"_ _f\"> </span>preve<span class=\"_ _1\"></span>de <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>azioni <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>servizio <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>Piano <span class=\"_ _f\"> </span>derivino <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>alla cessione <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>azioni <span class=\"_ _b\"></span>proprie <span class=\"_ _b\"></span>detenute <span class=\"_ _5\"></span>in <span class=\"_ _b\"></span>portafoglio <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _5\"></span>rispetto <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rmativa <span class=\"_ _5\"></span>\u2013 <span class=\"_ _b\"></span>anche regolamentare <span class=\"_ _b\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>vigore <span class=\"_ _b\"></span>o,<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>aggiunta <span class=\"_ _b\"></span>o <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>alternativa <span class=\"_ _b\"></span>anche <span class=\"_ _5\"></span>parziale, <span class=\"_ _b\"></span>da <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>aumento <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>capitale sociale <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>titolo <span class=\"_ _b\"></span>gratuito <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>servizio <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Piano, <span class=\"_ _b\"></span>fino <span class=\"_ _b\"></span>ad <span class=\"_ _b\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>mass<span class=\"_ _1\"></span>imo <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _b\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>50% <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>capitale sociale <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span>uale <span class=\"_ _f\"> </span>alla<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>data <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>approv<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>Piano <span class=\"_ _f\"> </span>2<span class=\"_ _1\"></span>4-26), <span class=\"_ _6\"></span>mediante <span class=\"_ _6\"></span>emissione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>massime <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span> 11.521.711 <span class=\"_ _3\"></span>azioni <span class=\"_ _3\"></span>ordinarie <span class=\"_ _3\"></span>senza <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>nominale, <span class=\"_ _3\"></span>utilizzando <span class=\"_ _3\"></span>un <span class=\"_ _1\"></span>ammonta<span class=\"_ _1\"></span>re <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>rispondente <span class=\"_ _3\"></span>agli <span class=\"_ _3\"></span>utili e/o rise<span class=\"_ _1\"></span>rve di <span class=\"_ _3\"></span>utili q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali <span class=\"_ _3\"></span>risultanti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _3\"></span>bilancio di <span class=\"_ _3\"></span>esercizio <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>volta <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>volta a<span class=\"_ _3\"></span>ppro<span class=\"_ _0\"></span>vat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, <span class=\"_ _3\"></span>fino ad <span class=\"_ _3\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>importo massimo <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>Euro <span class=\"_ _c\"> </span>255.213,33. <span class=\"_ _c\"> </span>A <span class=\"_ _c\"> </span>tale <span class=\"_ _c\"> </span>scopo <span class=\"_ _c\"> </span>\u00e8 <span class=\"_ _c\"> </span>stata <span class=\"_ _c\"> </span>ap<span class=\"_ _1\"></span>prov<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>dall\u2019Assemblea <span class=\"_ _c\"> </span>Straordinaria <span class=\"_ _c\"> </span>della Societ\u00e0, nell\u2019adunanza del 2<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>zo 2024, l\u2019attribu<span class=\"_ _1\"></span>zione d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dele<span class=\"_ _1\"></span>ga <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Consiglio di <span class=\"_ _0\"></span>Am<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>nistrazi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>ex art. <span class=\"_ _b\"></span>2443 <span class=\"_ _b\"></span>Codice <span class=\"_ _0\"></span>civile, <span class=\"_ _b\"></span>ad <span class=\"_ _b\"></span>a<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>ntare <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ratuitamen<span class=\"_ _3\"></span>te <span class=\"_ _b\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>capitale <span class=\"_ _b\"></span>sociale, <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>o <span class=\"_ _0\"></span>pi\u00f9 <span class=\"_ _b\"></span>t<span class=\"ff5\">ranche</span>, <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>norm<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> dell\u2019art. 2349, primo<span class=\"_ _1\"></span> comma, Codice <span class=\"_ _1\"></span>Civile. Il Pian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>24-26 \u00e8<span class=\"_ _3\"></span> finalizzato<span class=\"_ _3\"></span> a (i<span class=\"_ _3\"></span>) mantene<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>focus s<span class=\"_ _3\"></span>ul conse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>degli <span class=\"_ _3\"></span>obiettivi <span class=\"_ _3\"></span>strategici a<span class=\"_ _1\"></span> me<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>-<span class=\"_ _4a1\"> </span>lungo <span class=\"_ _c\"> </span>termine  del <span class=\"_ _c\"> </span>Grupp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, <span class=\"_ _c\"> </span>(i<span class=\"_ _1\"></span>i) <span class=\"_ _c\"> </span>ra<span class=\"_ _1\"></span>fforzare, <span class=\"_ _c\"> </span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>  un <span class=\"_ _c\"> </span>ori<span class=\"_ _0\"></span>zz<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>te  di <span class=\"_ _c\"> </span>lung<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>period<span class=\"_ _1\"></span>o, <span class=\"_ _c\"> </span>l'allineament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  tr<span class=\"_ _0\"></span>a  gli interessi <span class=\"_ _c\"> </span>dei <span class=\"_ _c\"> </span>Beneficiari <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>quell<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>degli <span class=\"_ _c\"> </span>azionisti <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>degli <span class=\"_ _c\"> </span>stakeh<span class=\"_ _1\"></span>old<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>Grupp<span class=\"_ _1\"></span>o, <span class=\"_ _c\"> </span>(iii) <span class=\"_ _c\"> </span>sostenere <span class=\"_ _c\"> </span>la creazione d<span class=\"_ _1\"></span>i val<span class=\"_ _1\"></span>ore e <span class=\"_ _3\"></span>la respo<span class=\"_ _1\"></span>nsabilit\u00e0 <span class=\"_ _1\"></span>sociale d<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>imp<span class=\"_ _3\"></span>resa nel <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ngo te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>mine <span class=\"_ _3\"></span>e (iv) <span class=\"_ _3\"></span>favorire l\u2019<span class=\"ff5\">attraction<span class=\"_ _1\"></span><span class=\"ff2\"> e <span class=\"_ _3\"></span>la </span></span>fidelizzazione delle <span class=\"_ _1\"></span>\u201crisorse chia<span class=\"_ _1\"></span>ve\u201d per il conse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uimento delle<span class=\"_ _1\"></span> direttrici strategic<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e del Gruppo.<span class=\"_ _4a1\"> </span>Il Piano \u00e8 rivolto:<span class=\"_ _3\"></span> (i) all'Amministrato<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e Delegato e<span class=\"_ _3\"></span> D<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rettore Generale della So<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0,<span class=\"_ _1\"></span> (ii) ai due Diri<span class=\"_ _1\"></span>genti con Responsabil<span class=\"_ _1\"></span>it\u00e0 Strategiche, <span class=\"_ _3\"></span>e (iii) a<span class=\"_ _1\"></span> selezi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>ate <span class=\"_ _3\"></span>risorse <span class=\"_ _3\"></span>chiave i<span class=\"_ _3\"></span>ndividuate t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>i dip<span class=\"_ _3\"></span>enden<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Societ\u00e0 <span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>delle <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _3\"></span>controllate <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> svolgono funzioni o r<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>oli rileva<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti all<span class=\"_ _1\"></span>'interno del Gr<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ppo.  Il LTIP <span class=\"_ _3\"></span>24<span class=\"_ _0\"></span>-26 <span class=\"_ _3\"></span>prev<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>l\u2019<span class=\"_ _0\"></span>asse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nazio<span class=\"_ _1\"></span>ne di d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>itti che <span class=\"_ _3\"></span>consentiranno a<span class=\"_ _1\"></span>i Bene<span class=\"_ _1\"></span>ficiari di <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>tto<span class=\"_ _1\"></span>scrivere a<span class=\"_ _1\"></span> titol<span class=\"_ _1\"></span>o gratuito <span class=\"_ _5\"></span>azioni <span class=\"_ _5\"></span>ordinarie <span class=\"_ _6\"></span>A<span class=\"_ _1\"></span>nima <span class=\"_ _5\"></span>Holding. <span class=\"_ _5\"></span>L\u2019esercizi<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>dei <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>iritti <span class=\"_ _5\"></span>era <span class=\"_ _5\"></span>subordinato <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>raggiungimento <span class=\"_ _5\"></span>di determinati <span class=\"_ _b\"></span>obiettivi <span class=\"_ _b\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>performa<span class=\"_ _1\"></span>nce <span class=\"_ _5\"></span>nel <span class=\"_ _b\"></span>corso <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>tre <span class=\"_ _b\"></span>periodi <span class=\"_ _5\"></span>triennali <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>attuazione <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>Piano <span class=\"_ _b\"></span>24<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>26 (\u201cCiclo 24-26\u201d, \u201cCic<span class=\"_ _1\"></span>lo 25-27\u201d e \u201cCiclo <span class=\"_ _1\"></span>26-28\u201d). Gli obiettivi di per<span class=\"_ _1\"></span>formance indiv<span class=\"_ _1\"></span>idu<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span> sono colleg<span class=\"_ _1\"></span>ati ai seguenti paramet<span class=\"_ _1\"></span>ri: \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span><span class=\"ff3\">C<span class=\"_ _0\"></span>ond<span class=\"_ _1\"></span>izioni di mercato<span class=\"ff2\">:<span class=\"_ _3\"></span> </span></span>livello di total share<span class=\"_ _1\"></span>holders return rispe<span class=\"_ _1\"></span>tto a societ\u00e0<span class=\"_ _1\"></span> quo<span class=\"_ _0\"></span>tate<span class=\"_ _1\"></span> italiane e estere (i \u201c<span class=\"_ _1\"></span>Comparable\u201d)<span class=\"_ _1\"></span> operative <span class=\"_ _b\"></span>nel <span class=\"_ _5\"></span>settore <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>cui <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span>pera <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>Gruppo, <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>triennio <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>orrispo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dente <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>ciascun <span class=\"_ _b\"></span>Ciclo, <span class=\"_ _b\"></span>con peso complessivo del <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>5% del Pia<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>24<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>; \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span><span class=\"ff3\">C<span class=\"_ _0\"></span>ond<span class=\"_ _1\"></span>izioni non di merca<span class=\"_ _1\"></span>to<span class=\"ff2\">: </span></span>(a) <span class=\"_ _16\"> </span>Obiettivi <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>Performa<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>- <span class=\"_ _16\"> </span>Business <span class=\"_ _c\"> </span>Growth <span class=\"_ _16\"> </span>(R<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ative<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>to <span class=\"_ _16\"> </span>Market <span class=\"_ _16\"> </span>KPIs): <span class=\"_ _16\"> </span>con <span class=\"_ _c\"> </span>u<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>peso com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssivo <span class=\"_ _b\"></span>fino <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>40% <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>Piano <span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6, <span class=\"_ _0\"></span>subordina<span class=\"_ _1\"></span>ta <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>conseguiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>parte <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>Gruppo<span class=\"_ _3\"></span> Anima <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>eterminato<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ello<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>posizio<span class=\"_ _1\"></span>namento <span class=\"_ _b\"></span>rispetto <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _b\"></span>concorrenti <span class=\"_ _b\"></span>nel <span class=\"_ _b\"></span>settor<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> italiano <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>risparmio <span class=\"_ _f\"> </span>gestito <span class=\"_ _f\"> </span>(i) <span class=\"_ _f\"> </span>nella <span class=\"_ _f\"></span>raccolta<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>netta <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>elle <span class=\"_ _f\"> </span>gestioni <span class=\"_ _f\"> </span>colletti<span class=\"_ _1\"></span>ve <span class=\"_ _f\"> </span>(\u201cLRN <span class=\"_ _f\"> </span>gestioni collettive\u201d <span class=\"_ _b\"></span>\u2013 <span class=\"_ _b\"></span>peso <span class=\"_ _0\"></span>10% <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Piano <span class=\"_ _b\"></span>24-26) <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>(i<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>) <span class=\"_ _b\"></span>nella <span class=\"_ _0\"></span>raccolta <span class=\"_ _b\"></span>netta <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>elle <span class=\"_ _0\"></span>gestioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>portaf<span class=\"_ _1\"></span>oglio (\u201cLRN <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>estioni <span class=\"_ _1\"></span>patr<span class=\"_ _1\"></span>imoniali\u201d - <span class=\"_ _3\"></span>peso <span class=\"_ _1\"></span>10% <span class=\"_ _1\"></span>del P<span class=\"_ _3\"></span>iano 2<span class=\"_ _1\"></span>4-26), <span class=\"_ _1\"></span>oltre a <span class=\"_ _1\"></span> <span class=\"_ _3\"></span>(iii) un <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>inato p<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>nte<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio<span class=\"_ _1\"></span> medio <span class=\"_ _0\"></span>di periodo con<span class=\"_ _0\"></span> riferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> alla <span class=\"_ _0\"></span>sod<span class=\"_ _1\"></span>disfazione del<span class=\"_ _0\"></span>le reti <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>distri<span class=\"_ _1\"></span>buzione/vendita (\u201cLSR\u201d - peso 20% del Piano <span class=\"_ _1\"></span>24-26).  (b) Obiettivi di Performan<span class=\"_ _1\"></span>ce \u2013<span class=\"_ _0\"></span> Sustai<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ability (<span class=\"_ _1\"></span>ESG) (Non Relative to Market KPIs): <span class=\"_ _1\"></span>con un peso com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssivo <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>25% del <span class=\"_ _0\"></span>Piano <span class=\"_ _0\"></span>24-26, da <span class=\"_ _0\"></span>assegnarsi <span class=\"_ _0\"></span>secondo <span class=\"_ _0\"></span>la<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>somma <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>pu<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teggi<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>raggiunti<span class=\"_ _1\"></span> per <span class=\"_ _0\"></span>i seguenti <span class=\"_ _0\"></span>obiettivi E<span class=\"_ _0\"></span>S<span class=\"_ _3\"></span>G <span class=\"_ _0\"></span>individuati: (<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span> conseguimento da <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>rte <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>societ\u00e0 controllate d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> un determinato sc<span class=\"_ _1\"></span>ore medio di P<span class=\"_ _1\"></span>RI Assessment <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>derat<span class=\"_ _1\"></span>o per societ\u00e0 cont<span class=\"_ _1\"></span>rollata) nell'ulti<span class=\"_ _1\"></span>mo anno <span class=\"_ _c\"> </span>di<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>cia<span class=\"_ _1\"></span>scun  C<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>clo <span class=\"_ _c\"> </span>(<span class=\"_ _1\"></span>\u201cPRI\u201d  - <span class=\"_ _c\"> </span>peso  12,5%  d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>Piano  24-26)  e <span class=\"_ _c\"> </span>(ii) <span class=\"_ _c\"> </span>Tale<span class=\"_ _3\"></span>nt <span class=\"_ _c\"> </span>Pool&amp;<span class=\"_ _1\"></span>Diversity <span class=\"_ _c\"> </span>-<span class=\"_ _3\"></span> conseguimento  da  parte<span class=\"_ _3\"></span>  d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>  Gruppo  di <span class=\"_ _f\"> </span>u<span class=\"_ _0\"></span>n  dete<span class=\"_ _3\"></span>rminato  livello  di <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>etenti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n  del<span class=\"_ _1\"></span>  talent  pool (\u201cTalent P&amp;D\u201d- peso 12<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5% <span class=\"_ _1\"></span>del Piano 24-26). <span class=\"_ _3\"></span> Costo delle condi<span class=\"_ _1\"></span>zioni di mercato \u2013 non d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> m<span class=\"_ _1\"></span>ercat<span class=\"_ _1\"></span>o Come <span class=\"_ _19\"> </span>precisato <span class=\"_ _19\"> </span>il <span class=\"_ _19\"> </span>costo <span class=\"_ _e\"> </span>per <span class=\"_ _19\"> </span>c<span class=\"_ _0\"></span>ias<span class=\"_ _1\"></span>cuna <span class=\"_ _19\"> </span>delle <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>ondizion<span class=\"_ _1\"></span>i <span class=\"_ _19\"> </span>del <span class=\"_ _19\"> </span>Piano <span class=\"_ _19\"> </span>24-26<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>\u00e8 <span class=\"_ _19\"> </span>stato <span class=\"_ _19\"> </span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rminato moltiplicando <span class=\"_ _d\"> </span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>fair <span class=\"_ _d\"> </span>v<span class=\"_ _0\"></span>alue<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>per <span class=\"_ _d\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>numero <span class=\"_ _d\"> </span>dei <span class=\"_ _e\"> </span>Diritti <span class=\"_ _d\"> </span>che,<span class=\"_ _0\"></span> <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>iasc<span class=\"_ _1\"></span>una <span class=\"_ _e\"> </span>condizione,<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>si <span class=\"_ _e\"> </span>preve<span class=\"_ _1\"></span>de diventeranno <span class=\"_ _3\"></span>esigibili <span class=\"_ _1\"></span>al <span class=\"_ _3\"></span>termine <span class=\"_ _1\"></span>del <span class=\"_ _3\"></span>periodo <span class=\"_ _3\"></span>di mat<span class=\"_ _3\"></span>ur<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>stim<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span> alla<span class=\"_ _3\"></span> data <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>assegnazione. <span class=\"_ _3\"></span>La <span class=\"_ _1\"></span>stima dei <span class=\"_ _f\"> </span>Diritti <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span>pen<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>dalle <span class=\"_ _6\"></span>ipotesi <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>iguar<span class=\"_ _1\"></span>danti <span class=\"_ _f\"> </span>il <span class=\"_ _6\"></span>numero <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>Be<span class=\"_ _1\"></span>neficiari <span class=\"_ _f\"> </span>che <span class=\"_ _6\"></span>si <span class=\"_ _f\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>eve<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>siano <span class=\"_ _f\"> </span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ora <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> servizio <span class=\"_ _1f\"> </span>al <span class=\"_ _1f\"> </span>termine <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>ias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>un <span class=\"_ _16\"> </span>Ciclo <span class=\"_ _1f\"> </span>(<span class=\"_ _0\"></span><span class=\"ff5\">service <span class=\"_ _16\"> </span>condition</span>) <span class=\"_ _16\"> </span>e <span class=\"_ _15\"> </span>la <span class=\"_ _15\"> </span>probabilit\u00e0 <span class=\"_ _16\"> </span>di <span class=\"_ _15\"> </span>soddisfacime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _16\"> </span>dell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> Condizioni non di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>(<span class=\"ff5\">per<span class=\"_ _1\"></span>formance condition<span class=\"ff2\">)<span class=\"_ _1\"></span>: per <span class=\"_ _0\"></span>entrambe<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>le<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ipotesi,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la valutazi<span class=\"_ _1\"></span>one <span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>fettuata a </span></span>ciascuna Grant Date \u00e8 sta<span class=\"_ _1\"></span>ta del 100%.<span class=\"_ _3\"></span> Al <span class=\"_ _0\"></span>28 <span class=\"_ _0\"></span>marzo <span class=\"_ _0\"></span>2024, <span class=\"_ _0\"></span>data di <span class=\"_ _0\"></span>approvazione <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Pian<span class=\"_ _1\"></span>o 24-26 <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>dell\u2019Assemb<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ea <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>Anima <span class=\"_ _0\"></span>Holdi<span class=\"_ _1\"></span>ng <span class=\"_ _0\"></span>\u00e8 stato <span class=\"_ _3\"></span>direttamente <span class=\"_ _3\"></span>assegnato <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>quest\u2019ultima <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>29,72% <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>Diritti <span class=\"_ _3\"></span>totali <span class=\"_ _3\"></span>(pari <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>9,91% <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>ciascun <span class=\"_ _8\"></span>Ci<span class=\"_ _0\"></span>clo<span class=\"_ _3\"></span> triennale <span class=\"_ _c\"> </span>prev<span class=\"_ _1\"></span>isto) <span class=\"_ _c\"> </span>all'Am<span class=\"_ _1\"></span>ministratore  D<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>egato <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>Direttore <span class=\"_ _c\"> </span>Ge<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>erale  di <span class=\"_ _c\"> </span>Anima  Holding <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>ai  due Dirigenti <span class=\"_ _c\"> </span>con <span class=\"_ _c\"> </span>Resp<span class=\"_ _1\"></span>onsabilit\u00e0 <span class=\"_ _c\"> </span>Strategiche <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>quella<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>data <span class=\"_ _c\"> </span>individuati  (<span class=\"_ _0\"></span>\u201cG<span class=\"_ _1\"></span>rant <span class=\"_ _c\"> </span>Date <span class=\"_ _c\"> </span>28/03/2024\u201d)<span class=\"_ _1\"></span>; <span class=\"_ _c\"> </span>si evidenziano qui di se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uit<span class=\"_ _1\"></span>o i fair value co<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>relati a cia<span class=\"_ _3\"></span>sc<span class=\"_ _0\"></span>una c<span class=\"_ _1\"></span>ondizione: \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 28/03/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 24-26 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,73 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari a Euro 2,<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>9. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 24-26, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8 marzo <span class=\"_ _1\"></span>2024, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca Euro 3,8 m<span class=\"_ _1\"></span>ilioni; \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 28/03/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 25-27 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,53 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari a Euro 2,<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>8. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 25-27, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8 marzo <span class=\"_ _1\"></span>2024, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca Euro 3,5 m<span class=\"_ _1\"></span>ilioni; \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 28/03/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 26-28 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,35 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato<span class=\"_ _4a1\"> </span>pari a Euro 2,<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>3. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 26-28, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8 marzo <span class=\"_ _1\"></span>2024, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca Euro 3,3 m<span class=\"_ _1\"></span>ilioni. Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>Grant <span class=\"_ _6\"></span>Date <span class=\"_ _6\"></span>28/03/2024,<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>contabilizza<span class=\"_ _1\"></span>zione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>costo <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>bilancio, <span class=\"_ _6\"></span>la dur<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> stimata<span class=\"_ _1\"></span> del Piano 24-26 <span class=\"_ _1\"></span>(\u201cPeriodo di Matu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione\u201d) \u00e8 stata<span class=\"_ _1\"></span> la seguente:<span class=\"_ _3\"></span> \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>3<span class=\"_ _0\"></span>7 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>Diritti <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Ciclo <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>-26, <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _6\"></span>aprile <span class=\"_ _b\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>4 <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>30 <span class=\"_ _6\"></span>apr<span class=\"_ _1\"></span>ile <span class=\"_ _5\"></span>2027 <span class=\"_ _5\"></span>(d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ipotizzata <span class=\"_ _5\"></span>di approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre 2026); \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>4<span class=\"_ _0\"></span>9 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>Diritti <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Ciclo <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>-27, <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _6\"></span>aprile <span class=\"_ _b\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>4 <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>30 <span class=\"_ _6\"></span>apr<span class=\"_ _1\"></span>ile <span class=\"_ _5\"></span>2028 <span class=\"_ _5\"></span>(d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ipotizzata <span class=\"_ _5\"></span>di approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre 2027); \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>6<span class=\"_ _0\"></span>1 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>Diritti <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Ciclo <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>-28, <span class=\"_ _5\"></span>dal <span class=\"_ _5\"></span>1\u00b0 <span class=\"_ _6\"></span>aprile <span class=\"_ _b\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>4 <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>30 <span class=\"_ _6\"></span>apr<span class=\"_ _1\"></span>ile <span class=\"_ _5\"></span>2029 <span class=\"_ _5\"></span>(d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>ipotizzata <span class=\"_ _5\"></span>di approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre 2028). Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te, <span class=\"_ _8\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>data <span class=\"_ _3\"></span>24<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>aprile <span class=\"_ _3\"></span>2024, <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>assegnato <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>ulteriore <span class=\"_ _3\"></span>50,42% <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>Diritti <span class=\"_ _3\"></span>totali <span class=\"_ _3\"></span>(riferit<span class=\"_ _1\"></span>i per il<span class=\"_ _3\"></span> 19,98% <span class=\"_ _3\"></span>al <span class=\"_ _1\"></span>Ciclo 2<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>-2<span class=\"_ _1\"></span>6, pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> 1<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>,21% <span class=\"_ _3\"></span>al <span class=\"_ _1\"></span>Ciclo <span class=\"_ _3\"></span>25-27 <span class=\"_ _1\"></span>e p<span class=\"_ _3\"></span>er il <span class=\"_ _3\"></span>15,23% a<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>clo 2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>-2<span class=\"_ _1\"></span>8) a <span class=\"_ _3\"></span>64 <span class=\"_ _1\"></span>Beneficia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i individuati <span class=\"_ _3\"></span>dall<span class=\"_ _0\"></span>\u2019A<span class=\"_ _3\"></span>mm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nistratore <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ele<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ato<span class=\"_ _1\"></span> di<span class=\"_ _3\"></span> Anima <span class=\"_ _3\"></span>Holding <span class=\"_ _3\"></span>(\u201c<span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>rant <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>ate <span class=\"_ _3\"></span>24/04/2024\u201d); <span class=\"_ _1\"></span>si <span class=\"_ _3\"></span>evidenziano qui di seguito i fai<span class=\"_ _1\"></span>r value correlati a cias<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>una <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ondiz<span class=\"_ _1\"></span>ione: \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 24/04/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 24-26 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,69 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari a Euro 2,<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>2. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 24-26, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4 aprile 2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1\"></span>Euro 7,6 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni; \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 24/04/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 25-27 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Condizioni <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>mer<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ato <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stato <span class=\"_ _0\"></span>pari <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>Euro 3<span class=\"_ _0\"></span>,5 <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(ii) <span class=\"_ _b\"></span>alla C<span class=\"_ _0\"></span>ondizione d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>stato pari a Euro 2,<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>6. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 25-27, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4 aprile 2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1\"></span>Euro 5,3 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni; \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 24/04/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 26-28 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,32 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari a Euro 2,<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>1. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 26-28, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4 aprile 2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24, \u00e8 pari a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1\"></span>Euro 5,1 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni.<span class=\"_ _1\"></span> Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>Grant <span class=\"_ _6\"></span>Date <span class=\"_ _6\"></span>24/04/2024,<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>contabilizza<span class=\"_ _1\"></span>zione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>costo <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>bilancio, <span class=\"_ _6\"></span>la dur<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> stimata<span class=\"_ _1\"></span> del Piano 24-26 <span class=\"_ _1\"></span>(\u201cPeriodo di Matu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione\u201d) \u00e8 stata<span class=\"_ _1\"></span> la seguente:<span class=\"_ _3\"></span> \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>3<span class=\"_ _0\"></span>6 <span class=\"_ _b\"></span>mesi <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>Ci<span class=\"_ _0\"></span>clo <span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ma<span class=\"_ _1\"></span>ggio <span class=\"_ _b\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _0\"></span>30<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>aprile <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>7 <span class=\"_ _b\"></span>(data <span class=\"_ _0\"></span>ipoti<span class=\"_ _0\"></span>zz<span class=\"_ _1\"></span>ata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre 2026); \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>4<span class=\"_ _0\"></span>8 <span class=\"_ _b\"></span>mesi <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>Ci<span class=\"_ _0\"></span>clo <span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ma<span class=\"_ _1\"></span>ggio <span class=\"_ _b\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _0\"></span>30<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>aprile <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>8 <span class=\"_ _b\"></span>(data <span class=\"_ _0\"></span>ipoti<span class=\"_ _0\"></span>zz<span class=\"_ _1\"></span>ata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre 2027); \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>6<span class=\"_ _0\"></span>0 <span class=\"_ _b\"></span>mesi <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>Ci<span class=\"_ _0\"></span>clo <span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ma<span class=\"_ _1\"></span>ggio <span class=\"_ _b\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _0\"></span>30<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>aprile <span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>9 <span class=\"_ _b\"></span>(data <span class=\"_ _0\"></span>ipoti<span class=\"_ _0\"></span>zz<span class=\"_ _1\"></span>ata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Holding <span class=\"_ _f\"></span>del <span class=\"_ _5\"></span>bi<span class=\"_ _0\"></span>lan<span class=\"_ _1\"></span>cio <span class=\"_ _f\"> </span>chi<span class=\"_ _1\"></span>uso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>3<span class=\"_ _0\"></span>1 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cembre 2028). Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te, \u00e8 stata<span class=\"_ _1\"></span> effettuata una cancellazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e di alcuni Diritti a seguit<span class=\"_ _1\"></span>o dell\u2019uscita dal Gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o di un Ben<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ciario che, ai sensi del Reg<span class=\"_ _1\"></span>olamento del Piano 24-26, ha comportato il decadiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> totale<span class=\"_ _3\"></span> della <span class=\"_ _5\"></span>facolt\u00e0 <span class=\"_ _6\"></span>d\u2019esercizio <span class=\"_ _5\"></span>dei <span class=\"_ _5\"></span>Diritti <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>feriti <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>Ciclo <span class=\"_ _5\"></span>24-26 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>attrib<span class=\"_ _1\"></span>uiti <span class=\"_ _6\"></span>alla <span class=\"_ _5\"></span>Grant <span class=\"_ _5\"></span>Date <span class=\"_ _6\"></span>24/04/2024, <span class=\"_ _b\"></span>in misura pari allo <span class=\"_ _1\"></span>0,20% dei Diritti totali.<span class=\"_ _1\"></span> Infine, in <span class=\"_ _0\"></span>data 25 <span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>uglio 2024, <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>stato asseg<span class=\"_ _1\"></span>nato un ul<span class=\"_ _0\"></span>terio<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e 3,29% dei <span class=\"_ _0\"></span>Dir<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>tti totali (riferiti per <span class=\"_ _0\"></span>il 1,1% al <span class=\"_ _0\"></span>Ciclo <span class=\"_ _0\"></span>24-26, <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>il 1<span class=\"_ _0\"></span>,1%<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Ciclo <span class=\"_ _0\"></span>25-27 <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>1,1<span class=\"_ _1\"></span>% <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Ciclo <span class=\"_ _0\"></span>26-28) <span class=\"_ _0\"></span>a 3<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>nu<span class=\"_ _1\"></span>ovi <span class=\"_ _0\"></span>Beneficiari <span class=\"_ _0\"></span>individuati<span class=\"_ _1\"></span> dall\u2019Amministratore <span class=\"_ _f\"> </span>Delegato  d<span class=\"_ _1\"></span>i  Anima  H<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ding  (\u201cGra<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>t <span class=\"_ _f\"> </span>D<span class=\"_ _0\"></span>ate<span class=\"_ _1\"></span>  25/07/2<span class=\"_ _1\"></span>024\u201d);  si <span class=\"_ _f\"> </span>evidenziano  q<span class=\"_ _1\"></span>ui  di seguito i fair value <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>orrelati a<span class=\"_ _1\"></span> ciascuna condizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne:<span class=\"_ _3\"></span> \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 25/07/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 24-26 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 4,15 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari a Euro 3,<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>1. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 24-26, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5 lugli<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 2024, \u00e8 pa<span class=\"_ _1\"></span>ri a circa Eur<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 0,5 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni;<span class=\"_ _1\"></span> \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 25/07/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 25-27 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,92 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari a Euro 2,<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>9. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 25-27, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5 lugli<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 2024, \u00e8 pa<span class=\"_ _1\"></span>ri a circa Eur<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 0,4 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni;<span class=\"_ _1\"></span> \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>alla <span class=\"_ _0\"></span>Grant D<span class=\"_ _0\"></span>ate 25/07/2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>24 il f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> ciascun Diritto rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>al Ciclo 26-28 <span class=\"_ _0\"></span>correlat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i) alle <span class=\"_ _0\"></span>Con<span class=\"_ _1\"></span>dizioni non <span class=\"_ _0\"></span>di mercat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari <span class=\"_ _0\"></span>a Euro 3,71 e <span class=\"_ _0\"></span>(ii) alla Condizione di m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>\u00e8 stato pari a Euro 2,<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>3. Il costo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o per il Gruppo derivante dal fair value dei Diritti del Ciclo 26-28, assegnati il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5 lugli<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 2024, \u00e8 pa<span class=\"_ _1\"></span>ri a circa Eur<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> 0,4 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni.<span class=\"_ _1\"></span> Con <span class=\"_ _6\"></span>riferimento <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>Grant <span class=\"_ _6\"></span>Date <span class=\"_ _6\"></span>25/07/2024,<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ai <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>contabilizza<span class=\"_ _1\"></span>zione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>costo <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>bilancio, <span class=\"_ _6\"></span>la dur<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> stimata<span class=\"_ _1\"></span> del Piano 24-26 <span class=\"_ _1\"></span>(\u201cPeriodo di Matu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azione\u201d) \u00e8 stata<span class=\"_ _1\"></span> la seguente:<span class=\"_ _3\"></span> \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>3<span class=\"_ _0\"></span>3 <span class=\"_ _b\"></span>mesi <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Ciclo <span class=\"_ _b\"></span>24<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>26, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ago<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>30 <span class=\"_ _5\"></span>aprile <span class=\"_ _b\"></span>2027 <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>ipotizzata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre 2026); \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>4<span class=\"_ _0\"></span>5 <span class=\"_ _b\"></span>mesi <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Ciclo <span class=\"_ _b\"></span>25<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>27, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ago<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>30 <span class=\"_ _5\"></span>aprile <span class=\"_ _b\"></span>2028 <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>ipotizzata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre 2027); \u2022<span class=\"ff4 fs5\"> <span class=\"_ _1e\"> </span></span>5<span class=\"_ _0\"></span>7 <span class=\"_ _b\"></span>mesi <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>Diritti <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Ciclo <span class=\"_ _b\"></span>26<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>28, <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>1\u00b0 <span class=\"_ _b\"></span>ago<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>2024 <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>30 <span class=\"_ _5\"></span>aprile <span class=\"_ _b\"></span>2029 <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>ipotizzata <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i approvazione <span class=\"_ _6\"></span>da <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>dell\u2019Assemblea <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima <span class=\"_ _5\"></span>Hold<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ng <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>bil<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io <span class=\"_ _6\"></span>chiuso <span class=\"_ _f\"> </span>al <span class=\"_ _5\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>dicembre 2028). Per <span class=\"_ _19\"> </span>quanto <span class=\"_ _19\"> </span>sopra <span class=\"_ _19\"> </span>espost<span class=\"_ _1\"></span>o, <span class=\"_ _19\"> </span>alla <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _19\"> </span>di <span class=\"_ _e\"> </span>r<span class=\"_ _0\"></span>iferi<span class=\"_ _1\"></span>mento <span class=\"_ _19\"> </span>del <span class=\"_ _e\"> </span>presente <span class=\"_ _19\"> </span>Bilancio <span class=\"_ _e\"> </span>risultano <span class=\"_ _e\"> </span>assegnati com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te l<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>3,23% dei Diritti t<span class=\"_ _1\"></span>otali dispon<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>bili previsti da<span class=\"_ _3\"></span>l Piano 24-26. Come <span class=\"_ _c\"> </span>previsto <span class=\"_ _c\"> </span>dal <span class=\"_ _c\"> </span>Regolamento <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>Piano <span class=\"_ _c\"> </span>24-26 <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>conseguenza <span class=\"_ _c\"> </span>dell\u2019ann<span class=\"_ _1\"></span>uncio <span class=\"_ _c\"> </span>riguardante <span class=\"_ _c\"> </span>la promozione <span class=\"_ _3\"></span>dell\u2019OPA <span class=\"_ _3\"></span>BBPM <span class=\"_ _3\"></span>Vita <span class=\"_ _3\"></span>(considerato<span class=\"_ _1\"></span>, <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>l<span class=\"_ _1\"></span>\u2019altro, <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>corrispettivo <span class=\"_ _3\"></span>offerto <span class=\"_ _3\"></span> <span class=\"_ _3\"></span>integra <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>premi<span class=\"_ _1\"></span>o superiore <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>30% s<span class=\"_ _3\"></span>ul p<span class=\"_ _1\"></span>rezzo <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>azioni <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>Societ\u00e0 <span class=\"_ _3\"></span>registrato <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>1\u00b0 <span class=\"_ _3\"></span>gennaio <span class=\"_ _3\"></span>2024), <span class=\"_ _3\"></span>si <span class=\"_ _1\"></span>\u00e8 <span class=\"_ _3\"></span>resa <span class=\"_ _3\"></span>necessaria<span class=\"_ _1\"></span> la  verifica  al  31  di<span class=\"_ _1\"></span>cembre  2024  di  taluni  pote<span class=\"_ _1\"></span>nziali  meccanismi<span class=\"_ _1\"></span>  di  riduzione  <span class=\"ff5\">pro-rata  tem<span class=\"_ _1\"></span>poris  <span class=\"ff2\">del </span></span>num<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>attribui<span class=\"_ _1\"></span>bili <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>Beneficiari <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>taluni <span class=\"_ _0\"></span>potenziali <span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giustamenti <span class=\"_ _0\"></span>riguarda<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti g<span class=\"_ _0\"></span>li obiettivi di <span class=\"_ _6\"></span>performance <span class=\"_ _b\"></span>\u201cShar<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>olders<span class=\"_ _1\"></span>\u2019 <span class=\"_ _6\"></span>Alignment<span class=\"_ _1\"></span>\u201d, <span class=\"_ _6\"></span>\u201cBusiness <span class=\"_ _5\"></span>Growth\u201d <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>\u201cSustainab<span class=\"_ _1\"></span>ility <span class=\"_ _5\"></span>(ESG)\u201d, <span class=\"_ _6\"></span>dalle <span class=\"_ _5\"></span>quali <span class=\"_ _6\"></span>\u00e8 stato possibile <span class=\"_ _1\"></span>determinare che: <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il <span class=\"_ _0\"></span>numero <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _0\"></span>attri<span class=\"_ _1\"></span>buibili <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>Beneficiari <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>corri<span class=\"_ _1\"></span>spondenza <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>Diritti <span class=\"_ _0\"></span>assegnati <span class=\"_ _0\"></span>su<span class=\"_ _1\"></span>bir\u00e0 <span class=\"_ _0\"></span>una </span></span>riduzione del 15% (<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iferimento<span class=\"_ _1\"></span> <span class=\"ff5\">pro-rata tempori<span class=\"_ _1\"></span>s) <span class=\"ff2\">e </span></span><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">gli <span class=\"_ _b\"></span>obiettivi <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>performan<span class=\"_ _1\"></span>ce <span class=\"_ _b\"></span>si <span class=\"_ _b\"></span>considereran<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _3\"></span>giu<span class=\"_ _0\"></span>nti <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>livello <span class=\"_ _b\"></span>target <span class=\"_ _0\"></span>senza <span class=\"_ _b\"></span>app<span class=\"_ _1\"></span>licazione <span class=\"_ _b\"></span>di </span></span>aggiustamenti. <span class=\"_ _1\"></span> Pertanto, <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>numero <span class=\"_ _3\"></span>di a<span class=\"_ _1\"></span>zioni <span class=\"_ _3\"></span>attribuibili <span class=\"_ _3\"></span>rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ite<span class=\"_ _3\"></span> a <span class=\"_ _1\"></span>ciascun <span class=\"_ _3\"></span>Ciclo de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Pi<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>no 2<span class=\"_ _1\"></span>4-26 \u00e8<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>ri al<span class=\"_ _1\"></span>l\u201985% <span class=\"_ _3\"></span>dei Di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itti assegnati a ciascun Bene<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>iciario, <span class=\"_ _1\"></span>fatta salva la Cond<span class=\"_ _1\"></span>izione di Permanenza, pe<span class=\"_ _1\"></span>r un numero compless<span class=\"_ _1\"></span>ivo di 8.151.269 azioni del<span class=\"_ _1\"></span>la Societ\u00e0; tali azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni so<span class=\"_ _1\"></span>no assegnate attravers<span class=\"_ _1\"></span>o: <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">utilizzo <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>azioni <span class=\"_ _1f\"> </span>proprie <span class=\"_ _16\"> </span>dete<span class=\"_ _1\"></span>nute <span class=\"_ _16\"> </span>nel <span class=\"_ _1f\"> </span>portafo<span class=\"_ _1\"></span>glio <span class=\"_ _1f\"> </span>da <span class=\"_ _16\"> </span>Anima <span class=\"_ _16\"> </span>Holding, <span class=\"_ _16\"> </span>per <span class=\"_ _16\"> </span>un <span class=\"_ _16\"> </span>numero <span class=\"_ _16\"> </span>di </span></span>2.251.455 <span class=\"_ _3\"></span>azioni; <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>informa <span class=\"_ _3\"></span>che, <span class=\"_ _3\"></span>verificate <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>Condizioni <span class=\"_ _3\"></span>di Pe<span class=\"_ _3\"></span>rman<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>iasc<span class=\"_ _1\"></span>un <span class=\"_ _3\"></span>Beneficiario, sono state attribuite tali<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i;  <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">aumento  gratuito  di  capitale  so<span class=\"_ _1\"></span>ciale  di  Anima  Holding  mediante  emissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e  di  massime  n\u00b0 </span></span>5.899.814 <span class=\"_ _b\"></span>azioni <span class=\"_ _b\"></span>sen<span class=\"_ _0\"></span>za<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>valore <span class=\"_ _b\"></span>nominale. <span class=\"_ _b\"></span>Si <span class=\"_ _b\"></span>informa <span class=\"_ _b\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>Consiglio <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>Amminist<span class=\"_ _1\"></span>razione <span class=\"_ _b\"></span>della Societ\u00e0, <span class=\"_ _0\"></span>in data <span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>febbraio <span class=\"_ _0\"></span>202<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>, h<span class=\"_ _0\"></span>a deliberato d<span class=\"_ _0\"></span>i aum<span class=\"_ _0\"></span>enta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e g<span class=\"_ _0\"></span>rat<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>itamente il <span class=\"_ _0\"></span>capitale sociale, ai  sensi <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li  a<span class=\"_ _3\"></span>rtt.  244<span class=\"_ _1\"></span>3  e <span class=\"_ _f\"> </span>2349  del <span class=\"_ _f\"> </span>Codice <span class=\"_ _f\"> </span>C<span class=\"_ _0\"></span>ivile<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>per  massimi <span class=\"_ _f\"> </span>nominali <span class=\"_ _f\"> </span>Euro<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>129.795,91, mediante  imputazione  a  capitale  di  u<span class=\"_ _1\"></span>n  im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  di  corrispo<span class=\"_ _1\"></span>ndente  ammontare  tratto  dalle riserve  d<span class=\"_ _1\"></span>isponibili, <span class=\"_ _f\"> </span>con  emissio<span class=\"_ _1\"></span>ne  di <span class=\"_ _f\"> </span>n\u00b0  5.8<span class=\"_ _1\"></span>99.814  a<span class=\"_ _1\"></span>zioni<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>ordinarie, <span class=\"_ _f\"> </span>g<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>dimento <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>eg<span class=\"_ _1\"></span>olare,  da<span class=\"_ _3\"></span> assegnare <span class=\"_ _19\"> </span>ai <span class=\"_ _e\"> </span>Ben<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>iciar<span class=\"_ _1\"></span>i <span class=\"_ _19\"> </span>che <span class=\"_ _19\"> </span>ne <span class=\"_ _e\"> </span>h<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>no <span class=\"_ _19\"> </span>diritto <span class=\"_ _e\"> </span>secondo <span class=\"_ _19\"> </span>le <span class=\"_ _19\"> </span>previsioni <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _e\"> </span>Piano <span class=\"_ _e\"> </span>24<span class=\"_ _0\"></span>-26. Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te, v<span class=\"_ _0\"></span>erifi<span class=\"_ _1\"></span>cate <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>ondiz<span class=\"_ _1\"></span>ioni <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>Perma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>enza <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>ciascun <span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ef<span class=\"_ _1\"></span>iciario, <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stata <span class=\"_ _0\"></span>data<span class=\"_ _0\"></span> esecuzione a predetta del<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>be<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a.<span class=\"_ _3\"></span> Il <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>lessivo del <span class=\"_ _0\"></span>Pia<span class=\"_ _3\"></span>no <span class=\"_ _0\"></span>24-26 per il Gruppo<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>dete<span class=\"_ _1\"></span>rminato per quanto <span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>\u2019anzi espost<span class=\"_ _1\"></span>o, \u00e8 stato pertanto  contabilizzato  interamente  nel  presente  Bilancio  per  un  im<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to  pari  a  circa  Euro  2<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>,4 milioni, <span class=\"_ _0\"></span>derivante <span class=\"_ _0\"></span>sia <span class=\"_ _0\"></span>dalla <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mp<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>dell\u2019eserciz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>P<span class=\"_ _1\"></span>iano <span class=\"_ _0\"></span>24-26 <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>componente di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>costo anticipata <span class=\"_ _1\"></span>correlata <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>definizione <span class=\"_ _1\"></span>del <span class=\"_ _1\"></span>periodo <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>aturazione <span class=\"_ _3\"></span>per <span class=\"_ _1\"></span>l\u2019accelerazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _1\"></span>Pia<span class=\"_ _1\"></span>no 24-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span> in<span class=\"_ _1\"></span> conseguenza <span class=\"_ _0\"></span>dell\u2019annuncio <span class=\"_ _0\"></span>rigu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rd<span class=\"_ _0\"></span>ante<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>promozione<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>dell\u2019OPA <span class=\"_ _0\"></span>BBPM <span class=\"_ _0\"></span>Vita. <span class=\"_ _b\"></span>Nelle <span class=\"_ _0\"></span>succ<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>siv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>tabell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> viene rappresentato il <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>osto <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o del Pia<span class=\"_ _3\"></span>no<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>24<span class=\"_ _0\"></span>\u2014<span class=\"_ _1\"></span>26 per il Grupp<span class=\"_ _1\"></span>o (dati in unit\u00e0 di Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o):<table class=\"s w29a h35b\" id=\"_9739f782-9b3d-4a65-8086-a21e030716fe\"><tr><td></td><td class=\"t m13 x37d h69 y17bd ff3 fs23 fc1 sc0 ls0 ws0\">Cos<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> per i<span class=\"_ _1\"></span>l Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"t m13 x372 h69 y17be ff3 fs23 fc1 sc0 ls0 ws0\">Peri<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> di<span class=\"_ _0\"></span> rif<span class=\"_ _3\"></span>erim<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m13 x37e h69 y17be ff3 fs23 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>/1<span class=\"_ _0\"></span>2/2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x37f y17c0 w29b h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">Ciclo 24<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x380 y17c0 w29c h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>0.06<span class=\"_ _0\"></span>9.2<span class=\"_ _0\"></span>68<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x37f y17c1 w29b h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">Ciclo 25<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x381 y17c1 w29d h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">7.84<span class=\"_ _0\"></span>3.84<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x37f y17c2 w29b h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">Ciclo 26<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x381 y17c2 w29d h356\"><div class=\"t m13 x17f h6a y17bf ff2 fs23 fc1 sc0 ls0 ws0\">7.50<span class=\"_ _0\"></span>3.51<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x382 y16d8 w29e h355\"><div class=\"t m13 x17f h69 y17c3 ff3 fs23 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tale E<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x383 y16d8 w29f h355\"><div class=\"t m13 x17f h69 y17c3 ff3 fs23 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>5.41<span class=\"_ _0\"></span>6.62<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-23": {
   "value": "A.3 \u2013 INF<span class=\"_ _0\"></span>ORMATIV<span class=\"_ _0\"></span>A SUI TRASFERI<span class=\"_ _0\"></span>MENT<span class=\"_ _0\"></span>I TRA PORT<span class=\"_ _0\"></span>AFOGLI <span class=\"_ _0\"></span>DI ATTIVITA\u2019<span class=\"_ _0\"></span> FINANZIA<span class=\"_ _0\"></span>RIE Per  qu<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  riguarda  l\u2019in<span class=\"_ _1\"></span>formativa  richiesta  dall\u2019IFRS  7  -  paragrafo  12<span class=\"_ _0\"></span>  B,  si  attesta  che  nel  cor<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>o dell\u2019esercizio <span class=\"_ _3\"></span>il G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>uppo<span class=\"_ _1\"></span> n<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>ha <span class=\"_ _1\"></span>effettuat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>alcun <span class=\"_ _3\"></span>trasferimento <span class=\"_ _3\"></span>di a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>tra p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtafo<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span> definiti dal prin<span class=\"_ _1\"></span>cipio IFRS9. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReclassificationOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-452": {
   "value": "<div class=\"t m1 h14 ff3 fsc fc1 sc0 ls0 ws0 gs47d\">A.4 \u2013 INF<span class=\"_ _0\"></span>ORMATIV<span class=\"_ _0\"></span>A SUL FAIR V<span class=\"_ _0\"></span>ALUE </div><div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs47e\">INFORMATIVA DI <span class=\"_ _0\"></span>N<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>TURA QUALITATIVA<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs47f\">La <span class=\"_ _0\"></span>presente sezione <span class=\"_ _0\"></span>comprende l\u2019<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nform<span class=\"_ _0\"></span>ativa sul <span class=\"_ _0\"></span>fa<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>ue <span class=\"_ _0\"></span>cos\u00ec <span class=\"_ _0\"></span>come r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>chiesta dall<span class=\"_ _0\"></span>\u2019IF<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>S 13,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ragrafi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs480\">91 e 92. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs481\">La gera<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>chia <span class=\"_ _1\"></span>del <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span>r value <span class=\"_ _3\"></span>deve essere <span class=\"_ _1\"></span>appli<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> a <span class=\"_ _3\"></span>tutti gli st<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>umenti <span class=\"_ _3\"></span>finanziari p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>i q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali <span class=\"_ _3\"></span>la valutazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs482\">al fair value \u00e8 rilevata <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>o stato patrimoniale.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs483\">Il <span class=\"_ _f\"> </span>paragrafo <span class=\"_ _f\"> </span>24 <span class=\"_ _f\"></span>dell\u2019IFRS <span class=\"_ _6\"></span>13 <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inisce <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>value <span class=\"_ _f\"> </span>(<span class=\"_ _1\"></span>valore <span class=\"_ _f\"> </span>equo) <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>corrispett<span class=\"_ _1\"></span>ivo <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>potrebbe <span class=\"_ _f\"></span>essere </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs484\">ric<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>o per vende<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e un\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0, <span class=\"_ _1\"></span>o pagato per tras<span class=\"_ _3\"></span>feri<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span> una passivit\u00e0,<span class=\"_ _1\"></span> in una transa<span class=\"_ _1\"></span>zione ordinaria<span class=\"_ _1\"></span> tra </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs485\">controparti di me<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span>l mercato pri<span class=\"_ _1\"></span>ncipale. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs486\">Per <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>st<span class=\"_ _1\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziari <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>fair <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>iene<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>determinato, <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>aso<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>quotati <span class=\"_ _5\"></span>su <span class=\"_ _6\"></span>mercati </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs487\">attivi,  attraverso  l\u2019uti<span class=\"_ _1\"></span>lizzo  di  prezz<span class=\"_ _1\"></span>i  acquisiti  dai <span class=\"_ _f\"> </span>mer<span class=\"_ _0\"></span>cati<span class=\"_ _1\"></span>  finanziari,  oppu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e,  per  g<span class=\"_ _1\"></span>li  altri  strumenti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs488\">fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari, mediante l\u2019utilizzo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i prezzi <span class=\"_ _1\"></span>quotati per strumenti s<span class=\"_ _1\"></span>imilari o di m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>delli valutat<span class=\"_ _1\"></span>ivi interni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs489\">Il <span class=\"_ _b\"></span>principio <span class=\"_ _b\"></span>IFRS <span class=\"_ _b\"></span>13 <span class=\"_ _0\"></span>stabi<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>sce <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>gerarchia <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>fair <span class=\"_ _b\"></span>value <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>fun<span class=\"_ _0\"></span>zi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>grado <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sse<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>vabilit\u00e0 <span class=\"_ _b\"></span>degli </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs48a\">input delle tecnic<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e di val<span class=\"_ _1\"></span>utazione adottate per le<span class=\"_ _1\"></span> valutazioni.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs48b\">Di <span class=\"_ _f\"> </span>seguito <span class=\"_ _6\"></span>sono <span class=\"_ _f\"> </span>indicate <span class=\"_ _f\"> </span>le<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>modalit\u00e0 <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>classificazi<span class=\"_ _1\"></span>one <span class=\"_ _f\"> </span>degli <span class=\"_ _f\"></span>str<span class=\"_ _1\"></span>umenti <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>inanziari <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>l<span class=\"_ _1\"></span>ivelli <span class=\"_ _f\"> </span>della </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs48c\">gerarchia del fair val<span class=\"_ _1\"></span>ue. </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs48d\">Livello 1<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs48e\">In <span class=\"_ _5\"></span>tale <span class=\"_ _5\"></span>livello <span class=\"_ _b\"></span>devono <span class=\"_ _5\"></span>essere <span class=\"_ _b\"></span>classificati <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _5\"></span>strumenti <span class=\"_ _b\"></span>finanziari <span class=\"_ _b\"></span>valu<span class=\"_ _0\"></span>tat<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>utili<span class=\"_ _0\"></span>zza<span class=\"_ _1\"></span>ndo, <span class=\"_ _b\"></span>senza <span class=\"_ _5\"></span>apportare </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs48f\">aggiustamenti, prezzi <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>uotat<span class=\"_ _1\"></span>i in mercati atti<span class=\"_ _1\"></span>vi per st<span class=\"_ _1\"></span>rum<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>identici a quelli <span class=\"_ _1\"></span>oggetto di valutazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs490\">Uno strumento fi<span class=\"_ _1\"></span>nanziario \u00e8 considerat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> q<span class=\"_ _1\"></span>uotato in un mercato atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o quando<span class=\"_ _1\"></span>: </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs491\">a) i <span class=\"_ _3\"></span>prezzi <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>otati s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _3\"></span>prontamente <span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>regolarmente <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ispo<span class=\"_ _1\"></span>nibili <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>un l<span class=\"_ _3\"></span>istino <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>borsa opp<span class=\"_ _1\"></span>ure t<span class=\"_ _1\"></span>ramite <span class=\"_ _3\"></span>un </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs492\">operatore, <span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>intermedia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io, una <span class=\"_ _0\"></span>so<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _0\"></span>di settore o <span class=\"_ _0\"></span>attrave<span class=\"_ _1\"></span>rso <span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>vizi <span class=\"_ _0\"></span>di quotazione, <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti autorizzati </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs493\">o autorit\u00e0 di regolamentazi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>; </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs494\">b)  i  p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ezzi <span class=\"_ _f\"> </span>quotati <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentano  ope<span class=\"_ _3\"></span>razioni  di <span class=\"_ _f\"> </span>mercato  e<span class=\"_ _1\"></span>ffettive <span class=\"_ _f\"> </span>ch<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>avvengono <span class=\"_ _f\"> </span>regolarmente <span class=\"_ _f\"> </span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs495\">normali contrattazioni<span class=\"_ _3\"></span>. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs496\">Se <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pr<span class=\"_ _0\"></span>ezz<span class=\"_ _1\"></span>i quotati so<span class=\"_ _1\"></span>ddisfano t<span class=\"_ _1\"></span>ali requis<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ti, <span class=\"_ _1\"></span>essi <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentano la <span class=\"_ _3\"></span>migliore sti<span class=\"_ _1\"></span>ma del <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span>r value <span class=\"_ _3\"></span>e devono </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs497\">essere obbligatoriame<span class=\"_ _1\"></span>nte utilizzati per <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a val<span class=\"_ _1\"></span>utazione dello st<span class=\"_ _1\"></span>rumento finanz<span class=\"_ _1\"></span>iario. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs498\">Si <span class=\"_ _1\"></span>definisce Att<span class=\"_ _1\"></span>ivo, <span class=\"_ _3\"></span>un <span class=\"_ _1\"></span>mercato <span class=\"_ _3\"></span>in cui <span class=\"_ _3\"></span>le ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>relative a<span class=\"_ _1\"></span>d <span class=\"_ _3\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>gg<span class=\"_ _0\"></span>etto<span class=\"_ _3\"></span> di <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>taz<span class=\"_ _1\"></span>ione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs499\">si <span class=\"_ _1b\"> </span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ficano <span class=\"_ _1b\"> </span>con <span class=\"_ _1b\"> </span>una <span class=\"_ _1b\"> </span>frequenza <span class=\"_ _1b\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>con <span class=\"_ _1b\"> </span>volumi <span class=\"_ _1b\"> </span>sufficienti <span class=\"_ _1b\"> </span>a <span class=\"_ _1b\"> </span>fornire <span class=\"_ _19\"> </span>inform<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ioni <span class=\"_ _1b\"> </span>utili <span class=\"_ _1b\"> </span>per <span class=\"_ _1b\"> </span>la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs49a\">determinazione del prezz<span class=\"_ _1\"></span>o su base c<span class=\"_ _1\"></span>ontinuativa.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs49b\">Dalla definizi<span class=\"_ _1\"></span>one si <span class=\"_ _3\"></span>evinc<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>che <span class=\"_ _1\"></span>il concetto <span class=\"_ _3\"></span>di mercat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>attivo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>\u00e8 p<span class=\"_ _3\"></span>roprio del si<span class=\"_ _3\"></span>ngo<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>o strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to f<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziario </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs49c\">oggetto  di<span class=\"_ _0\"></span>  valutazione <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>non  del  m<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>cato  d<span class=\"_ _0\"></span>i  quot<span class=\"_ _1\"></span>azione; <span class=\"_ _c\"> </span>di  conseguenza,  la  c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rcostanza <span class=\"_ _c\"> </span>c<span class=\"_ _1\"></span>he  uno </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs49d\">strumento f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziario <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ia <span class=\"_ _0\"></span>quotato in un<span class=\"_ _0\"></span> mercato r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>olamentato non \u00e8 <span class=\"_ _0\"></span>di per <span class=\"_ _0\"></span>s\u00e9 cond<span class=\"_ _0\"></span>iz<span class=\"_ _3\"></span>ione <span class=\"_ _0\"></span>sufficiente<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs49e\">perch\u00e9 tale strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to possa esse<span class=\"_ _1\"></span>re definito <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ome q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>otato in <span class=\"_ _1\"></span>un mercato attivo. </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs49f\">Livello 2 e 3<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4a0\">Gli strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>finanziari <span class=\"_ _3\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>non so<span class=\"_ _1\"></span>no qu<span class=\"_ _1\"></span>otati in <span class=\"_ _1\"></span>mer<span class=\"_ _1\"></span>cati att<span class=\"_ _1\"></span>ivi devon<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>essere <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>lassi<span class=\"_ _1\"></span>ficati nei <span class=\"_ _1\"></span>livelli <span class=\"_ _1\"></span>2 <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>3. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4a1\">La <span class=\"_ _f\"> </span>classificazi<span class=\"_ _1\"></span>one <span class=\"_ _f\"> </span>nel <span class=\"_ _f\"> </span>livel<span class=\"_ _1\"></span>lo <span class=\"_ _f\"> </span>2 <span class=\"_ _f\"></span>piutt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sto<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>che <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>livello <span class=\"_ _6\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _3\"></span>  deter<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nata <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>base<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>all\u2019osse<span class=\"_ _1\"></span>rvabilit\u00e0 <span class=\"_ _f\"> </span>sui </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4a2\">merc<span class=\"_ _0\"></span>ati <span class=\"_ _5\"></span>degli <span class=\"_ _f\"> </span>input <span class=\"_ _6\"></span>significativi <span class=\"_ _6\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>lizzati <span class=\"_ _6\"></span>ai <span class=\"_ _f\"> </span>fini <span class=\"_ _f\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>eterminazio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e. <span class=\"_ _6\"></span>Uno <span class=\"_ _f\"> </span>st<span class=\"_ _1\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>nto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4a3\">fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziario <span class=\"_ _1f\"> </span>deve <span class=\"_ _16\"> </span>essere <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>lass<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>icato <span class=\"_ _c\"> </span>n<span class=\"_ _0\"></span>ella <span class=\"_ _16\"> </span>sua <span class=\"_ _16\"> </span>in<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>ezz<span class=\"_ _1\"></span>a <span class=\"_ _16\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>un <span class=\"_ _1f\"> </span>unico <span class=\"_ _16\"> </span>livello; <span class=\"_ _16\"> </span>quando, <span class=\"_ _1f\"> </span>ai <span class=\"_ _16\"> </span>fini <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4a4\">valutazione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>uno <span class=\"_ _1\"></span>strumento, <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>utili<span class=\"_ _0\"></span>zz<span class=\"_ _1\"></span>ati <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ut <span class=\"_ _1\"></span>appa<span class=\"_ _1\"></span>rtenenti a<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>li <span class=\"_ _1\"></span>diversi, <span class=\"_ _3\"></span>allo <span class=\"_ _3\"></span>strumento <span class=\"_ _3\"></span>oggetto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4a5\">di valutazione viene attr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>uito il livello al q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ale app<span class=\"_ _3\"></span>ar<span class=\"_ _0\"></span>tiene l\u2019inp<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>t si<span class=\"_ _1\"></span>gnificativo di livel<span class=\"_ _1\"></span>lo <span class=\"_ _0\"></span>pi<span class=\"_ _3\"></span>\u00f9<span class=\"_ _0\"></span> bass<span class=\"_ _1\"></span>o. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4a7\">Uno <span class=\"_ _6\"></span>strument<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>classificat<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>nel <span class=\"_ _6\"></span>livello <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>se <span class=\"_ _6\"></span>tutti <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>input <span class=\"_ _5\"></span>significativi<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>son<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>osservabili <span class=\"_ _5\"></span>sul <span class=\"_ _6\"></span>mercato, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4a8\">direttamente <span class=\"_ _b\"></span>o <span class=\"_ _b\"></span>indirettame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te. <span class=\"_ _0\"></span>Un <span class=\"_ _b\"></span>input <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>osservabile <span class=\"_ _b\"></span>quando <span class=\"_ _0\"></span>riflette <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>stesse <span class=\"_ _b\"></span>ass<span class=\"_ _1\"></span>unzioni <span class=\"_ _b\"></span>utilizzate </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4a9\">dai <span class=\"_ _1f\"> </span>partecipanti <span class=\"_ _16\"> </span>al <span class=\"_ _1f\"> </span>mercato, <span class=\"_ _1f\"> </span>basate <span class=\"_ _1f\"> </span>su <span class=\"_ _1f\"> </span>dati <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>mer<span class=\"_ _0\"></span>cat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>forniti <span class=\"_ _1f\"> </span>da <span class=\"_ _16\"> </span>f<span class=\"_ _0\"></span>onti<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>indipendenti <span class=\"_ _16\"> </span>rispetto <span class=\"_ _1f\"> </span>al </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4aa\">valutatore. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4ab\">Gli input di livello <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> sono i se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>nti: </div><div class=\"t m1 h7 ff1e fs5 fc1 sc0 ls0 ws0 gs4ac\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">prezzi quotati su mer<span class=\"_ _1\"></span>cati attivi per atti<span class=\"_ _1\"></span>vit\u00e0 o passivit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>similari; </span></span></div><div class=\"t m1 h7 ff1e fs5 fc1 sc0 ls0 ws0 gs4ad\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">prezzi <span class=\"_ _1\"></span>quo<span class=\"_ _0\"></span>tati <span class=\"_ _3\"></span>per lo <span class=\"_ _3\"></span>str<span class=\"_ _0\"></span>ument<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n a<span class=\"_ _1\"></span>nalisi o <span class=\"_ _3\"></span>per stru<span class=\"_ _1\"></span>menti simili <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>mercati n<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n a<span class=\"_ _1\"></span>ttivi, vale <span class=\"_ _3\"></span>a dire </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4ae\">merc<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span> in cui: </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs4af\"><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">c<span class=\"_ _0\"></span>i son<span class=\"_ _1\"></span>o poche transazi<span class=\"_ _1\"></span>oni; </span></span></div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs4b0\"><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">i <span class=\"_ _5\"></span>prezzi <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>corre<span class=\"_ _1\"></span>nti <span class=\"_ _b\"></span>o <span class=\"_ _b\"></span>variano <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>modo <span class=\"_ _b\"></span>sosta<span class=\"_ _3\"></span>nziale <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _b\"></span>tempo <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>tra <span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>diversi <span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4b1\">maker o poca in<span class=\"_ _1\"></span>formazione \u00e8 resa pub<span class=\"_ _1\"></span>blica; </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4b2\">           <span class=\"_ _17b\"> </span>e inoltre siano rilevab<span class=\"_ _1\"></span>ili: </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs4b3\"><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">in<span class=\"_ _0\"></span>put <span class=\"_ _1\"></span>di mercato <span class=\"_ _1\"></span>osservabili (ad es.<span class=\"_ _3\"></span>:<span class=\"_ _0\"></span> tassi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>interesse<span class=\"_ _1\"></span> o curve di re<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>diment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> osser<span class=\"_ _1\"></span>vabili sui </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4b4\">diversi buckets, <span class=\"_ _1\"></span>volatilit\u00e0, etc.)<span class=\"_ _1\"></span>; </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs4b5\"><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">in<span class=\"_ _0\"></span>put <span class=\"_ _16\"> </span>che <span class=\"_ _1f\"> </span>derivano <span class=\"_ _16\"> </span>principalme<span class=\"_ _1\"></span>nte <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>dati <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>mercato <span class=\"_ _16\"> </span>osservabili <span class=\"_ _1f\"> </span>la <span class=\"_ _16\"> </span>cui <span class=\"_ _1f\"> </span>relazione <span class=\"_ _16\"> </span>\u00e8 </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4b6\">avvalorata da parametr<span class=\"_ _1\"></span>i tra cui la <span class=\"_ _1\"></span>correl<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4b7\">Uno <span class=\"_ _0\"></span>strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to finanziario <span class=\"_ _0\"></span>\u00e8 considerato<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di livello 3 <span class=\"_ _0\"></span>nel caso <span class=\"_ _0\"></span>in cui <span class=\"_ _0\"></span>le tecniche d<span class=\"_ _0\"></span>i valutazione adottate </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4b8\">utilizzino  a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>che <span class=\"_ _f\"> </span>input  n<span class=\"_ _1\"></span>on  osse<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _1\"></span>bili  sul<span class=\"_ _1\"></span>  me<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>e  il <span class=\"_ _f\"> </span>loro<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>cont<span class=\"_ _1\"></span>ributo  al<span class=\"_ _1\"></span>la  stima <span class=\"_ _f\"> </span>del  fa<span class=\"_ _3\"></span>ir<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>value <span class=\"_ _f\"> </span>si<span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4b9\">considerato signi<span class=\"_ _1\"></span>fic<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4ba\">Sono classificati nel livello 3 tutti <span class=\"_ _1\"></span>gli strumenti finan<span class=\"_ _1\"></span>ziari non quotati in un mercato attivo qua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do, pur </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4bb\">disponendo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>dati <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>sse<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ili, <span class=\"_ _5\"></span>si <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>dono <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essa<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>aggiustame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>si<span class=\"_ _0\"></span>gni<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>icativi <span class=\"_ _5\"></span>sugli <span class=\"_ _5\"></span>stessi <span class=\"_ _b\"></span>basati <span class=\"_ _6\"></span>su </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4bc\">dati <span class=\"_ _c\"> </span>non  osservabili, <span class=\"_ _c\"> </span>la  stima  si <span class=\"_ _c\"> </span>basa <span class=\"_ _c\"> </span>su  assunzioni <span class=\"_ _c\"> </span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ter<span class=\"_ _1\"></span>ne <span class=\"_ _c\"> </span>alla  societ\u00e0 <span class=\"_ _c\"> </span>cir<span class=\"_ _1\"></span>ca <span class=\"_ _c\"> </span>i <span class=\"_ _c\"> </span>f<span class=\"_ _1\"></span>uturi  c<span class=\"_ _0\"></span>ash  flow <span class=\"_ _c\"> </span>e<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4bd\">l\u2019aggiustamento p<span class=\"_ _1\"></span>er il rischio della c<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>rva di sc<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>o. </div><div class=\"t m1 h14 ff3 fsc fc1 sc0 ls0 ws0 gs4be\">A.4.1 Livell<span class=\"_ _0\"></span>i di fair value 2<span class=\"_ _0\"></span> e 3: tecniche<span class=\"_ _0\"></span> di valutazio<span class=\"_ _0\"></span>ne e input u<span class=\"_ _0\"></span>tilizzati<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4bf\">Al 31 dicembre 202<span class=\"_ _1\"></span>4, gli elementi pa<span class=\"_ _1\"></span>trimoniali valu<span class=\"_ _1\"></span>tati su base ricorre<span class=\"_ _1\"></span>nte al fair value so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o costituiti:<span class=\"_ _1\"></span> </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs4c0\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">da <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziarie <span class=\"_ _0\"></span>valutate <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>fair <span class=\"_ _0\"></span>value <span class=\"_ _0\"></span>con <span class=\"_ _b\"></span>imp<span class=\"_ _1\"></span>atto <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onto <span class=\"_ _0\"></span>economico, <span class=\"_ _0\"></span>rappresentate <span class=\"_ _0\"></span>da<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4c1\">quo<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> di OICVM, <span class=\"_ _1\"></span>la cui val<span class=\"_ _1\"></span>utazione avvie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tilizza<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do es<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>lusivame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nput<span class=\"_ _1\"></span> di livello <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>ori </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4c2\">di riferimento p<span class=\"_ _1\"></span>ubblicati quotidianame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te); <span class=\"_ _3\"></span> </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs4c3\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">da <span class=\"_ _19\"> </span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _19\"> </span>finanziarie<span class=\"_ _1\"></span> <span class=\"_ _19\"> </span>valutate <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>value <span class=\"_ _e\"> </span>con <span class=\"_ _19\"> </span>impa<span class=\"_ _1\"></span>tto <span class=\"_ _19\"> </span>sulla <span class=\"_ _e\"> </span>redditivit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>com<span class=\"_ _0\"></span>pless<span class=\"_ _3\"></span>iv<span class=\"_ _0\"></span>a,<span class=\"_ _3\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4c4\">rappresentate da <span class=\"_ _0\"></span>titoli di capitale, <span class=\"_ _0\"></span>la cui <span class=\"_ _0\"></span>valutazi<span class=\"_ _1\"></span>one avv<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>utilizzand<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>clusivamente <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>put<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4c5\">di livello 1 (tit<span class=\"_ _1\"></span>olo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>otato su Borsa Ital<span class=\"_ _1\"></span>iana);  </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs4c6\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">da \u201cSubscriber sha<span class=\"_ _1\"></span>res\u201d della Sicav A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima F<span class=\"_ _1\"></span>unds rapp<span class=\"_ _1\"></span>resentative del valore nom<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nale <span class=\"_ _1\"></span>(che da </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4c7\">Statuto  n<span class=\"_ _0\"></span>on  attribuiscono <span class=\"_ _c\"> </span>alcun  diritto/obbligo <span class=\"_ _c\"> </span>a<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>partecipare <span class=\"_ _c\"> </span>a<span class=\"_ _1\"></span>gli <span class=\"_ _c\"> </span>utili  o <span class=\"_ _c\"> </span>alle <span class=\"_ _c\"> </span>pe<span class=\"_ _1\"></span>rdi<span class=\"_ _0\"></span>te)  con </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4c8\">classificazione del <span class=\"_ _1\"></span>fair value riferito a<span class=\"_ _1\"></span>llo strumento <span class=\"_ _1\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziario n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>vello 2; </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs4c9\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">da <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _f\"> </span>valutate <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>fair <span class=\"_ _f\"> </span>value <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>impatto <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>econ<span class=\"_ _1\"></span>omico, <span class=\"_ _f\"> </span>rappresentate </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4ca\">principalmente <span class=\"_ _3\"></span>dall<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>seguenti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>quote di <span class=\"_ _3\"></span>fon<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i d'in<span class=\"_ _1\"></span>vestimento alte<span class=\"_ _3\"></span>rn<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o (\u201c<span class=\"_ _3\"></span>FIA\u201d)<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>chiusi, riservati </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4cb\">e di diritto italia<span class=\"_ _1\"></span>no, tutte con classif<span class=\"_ _1\"></span>icazione del <span class=\"_ _1\"></span>fair value nel livello 3:  </div><div class=\"t m1 h7 ffa fs5 fc1 sc0 ls0 ws0 gs4cc\">o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">FIA <span class=\"_ _b\"></span>pro<span class=\"_ _0\"></span>mossi <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>gestiti <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>Alternative <span class=\"_ _5\"></span>(i) <span class=\"_ _5\"></span>Anima <span class=\"_ _b\"></span>Altern<span class=\"_ _0\"></span>ative <span class=\"_ _b\"></span>1 <span class=\"_ _5\"></span>(\u201cAA1\u201d) <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>(i<span class=\"_ _0\"></span>i) <span class=\"_ _b\"></span>Anima </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4cd\">Alternative  2 <span class=\"_ _c\"> </span>(<span class=\"_ _1\"></span>\u201cAA2\u201d),  la  cu<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>  valutazione  avviene  utilizzando  l'ultimo  Net  Asset <span class=\"_ _c\"> </span>Val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4ce\">(NAV) <span class=\"_ _1b\"> </span>riportato <span class=\"_ _e\"> </span>n<span class=\"_ _0\"></span>el <span class=\"_ _19\"> </span>r<span class=\"_ _0\"></span>ep<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>t <span class=\"_ _19\"> </span>IPEV <span class=\"_ _1b\"> </span>(Inter<span class=\"_ _1\"></span>national <span class=\"_ _19\"> </span>Priv<span class=\"_ _0\"></span>ate <span class=\"_ _19\"> </span>Equity <span class=\"_ _19\"> </span>&amp; <span class=\"_ _1b\"> </span>Venture <span class=\"_ _19\"> </span>C<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>ital </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4cf\">Valuation) appro<span class=\"_ _1\"></span>vato e pubblicato c<span class=\"_ _1\"></span>on cadenza trimestrale;<span class=\"_ _1\"></span>  </div><div class=\"t m1 h7 ffa fs5 fc1 sc0 ls0 ws0 gs4d0\">o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">FIA <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>hiusi <span class=\"_ _f\"> </span>riservati <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>diritto <span class=\"_ _f\"> </span>italiano  ge<span class=\"_ _3\"></span>stiti  da  K<span class=\"_ _3\"></span>airo<span class=\"_ _0\"></span>s <span class=\"_ _f\"> </span>SGR  e <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>una  S<span class=\"_ _1\"></span>GR  te<span class=\"_ _1\"></span>rza,  la <span class=\"_ _f\"> </span>cui </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4d1\">valutazione <span class=\"_ _c\"> </span>av<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne <span class=\"_ _c\"> </span>ut<span class=\"_ _1\"></span>ilizzando <span class=\"_ _c\"> </span>l<span class=\"_ _1\"></span>\u2019ultimo  v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re  quota <span class=\"_ _c\"> </span>re<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>  disponibile  d<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lla <span class=\"_ _c\"> </span>societ\u00e0  di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4d2\">gestione; </div><div class=\"t m1 h7 ffa fs5 fc1 sc0 ls0 ws0 gs4d3\">o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">FIA <span class=\"_ _0\"></span>immobiliari <span class=\"_ _0\"></span>promossi <span class=\"_ _0\"></span>e g<span class=\"_ _0\"></span>estiti d<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>Caste<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>SGR, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>cui <span class=\"_ _0\"></span>valutazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>viene u<span class=\"_ _0\"></span>tilizzan<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4d4\">l\u2019ultimo valore qu<span class=\"_ _1\"></span>ota reso disponibi<span class=\"_ _1\"></span>le dalla societ\u00e0 <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> gest<span class=\"_ _1\"></span>ione. </div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-24": {
   "value": "A.4 \u2013 INF<span class=\"_ _0\"></span>ORMATIV<span class=\"_ _0\"></span>A SUL FAIR V<span class=\"_ _0\"></span>ALUE INFORMATIVA DI <span class=\"_ _0\"></span>N<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>TURA QUALITATIVA<span class=\"_ _3\"></span> La <span class=\"_ _0\"></span>presente sezione <span class=\"_ _0\"></span>comprende l\u2019<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nform<span class=\"_ _0\"></span>ativa sul <span class=\"_ _0\"></span>fa<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>ue <span class=\"_ _0\"></span>cos\u00ec <span class=\"_ _0\"></span>come r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>chiesta dall<span class=\"_ _0\"></span>\u2019IF<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>S 13,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ragrafi 91 e 92. La gera<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>chia <span class=\"_ _1\"></span>del <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span>r value <span class=\"_ _3\"></span>deve essere <span class=\"_ _1\"></span>appli<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> a <span class=\"_ _3\"></span>tutti gli st<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>umenti <span class=\"_ _3\"></span>finanziari p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>i q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali <span class=\"_ _3\"></span>la valutazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne al fair value \u00e8 rilevata <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>o stato patrimoniale.<span class=\"_ _1\"></span> Il <span class=\"_ _f\"> </span>paragrafo <span class=\"_ _f\"> </span>24 <span class=\"_ _f\"></span>dell\u2019IFRS <span class=\"_ _6\"></span>13 <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inisce <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>value <span class=\"_ _f\"> </span>(<span class=\"_ _1\"></span>valore <span class=\"_ _f\"> </span>equo) <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>corrispett<span class=\"_ _1\"></span>ivo <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>potrebbe <span class=\"_ _f\"></span>essere ric<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>o per vende<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e un\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0, <span class=\"_ _1\"></span>o pagato per tras<span class=\"_ _3\"></span>feri<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span> una passivit\u00e0,<span class=\"_ _1\"></span> in una transa<span class=\"_ _1\"></span>zione ordinaria<span class=\"_ _1\"></span> tra controparti di me<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>ato<span class=\"_ _3\"></span>, <span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span>l mercato pri<span class=\"_ _1\"></span>ncipale. Per <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>st<span class=\"_ _1\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziari <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>fair <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>iene<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>determinato, <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>aso<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>strumenti <span class=\"_ _5\"></span>quotati <span class=\"_ _5\"></span>su <span class=\"_ _6\"></span>mercati attivi,  attraverso  l\u2019uti<span class=\"_ _1\"></span>lizzo  di  prezz<span class=\"_ _1\"></span>i  acquisiti  dai <span class=\"_ _f\"> </span>mer<span class=\"_ _0\"></span>cati<span class=\"_ _1\"></span>  finanziari,  oppu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e,  per  g<span class=\"_ _1\"></span>li  altri  strumenti fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari, mediante l\u2019utilizzo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i prezzi <span class=\"_ _1\"></span>quotati per strumenti s<span class=\"_ _1\"></span>imilari o di m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>delli valutat<span class=\"_ _1\"></span>ivi interni. Il <span class=\"_ _b\"></span>principio <span class=\"_ _b\"></span>IFRS <span class=\"_ _b\"></span>13 <span class=\"_ _0\"></span>stabi<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>sce <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>gerarchia <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>fair <span class=\"_ _b\"></span>value <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>fun<span class=\"_ _0\"></span>zi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>grado <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sse<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>vabilit\u00e0 <span class=\"_ _b\"></span>degli input delle tecnic<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e di val<span class=\"_ _1\"></span>utazione adottate per le<span class=\"_ _1\"></span> valutazioni.<span class=\"_ _1\"></span> Di <span class=\"_ _f\"> </span>seguito <span class=\"_ _6\"></span>sono <span class=\"_ _f\"> </span>indicate <span class=\"_ _f\"> </span>le<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>modalit\u00e0 <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>classificazi<span class=\"_ _1\"></span>one <span class=\"_ _f\"> </span>degli <span class=\"_ _f\"></span>str<span class=\"_ _1\"></span>umenti <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>inanziari <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>l<span class=\"_ _1\"></span>ivelli <span class=\"_ _f\"> </span>della gerarchia del fair val<span class=\"_ _1\"></span>ue. Livello 1<span class=\"_ _1\"></span> In <span class=\"_ _5\"></span>tale <span class=\"_ _5\"></span>livello <span class=\"_ _b\"></span>devono <span class=\"_ _5\"></span>essere <span class=\"_ _b\"></span>classificati <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _5\"></span>strumenti <span class=\"_ _b\"></span>finanziari <span class=\"_ _b\"></span>valu<span class=\"_ _0\"></span>tat<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>utili<span class=\"_ _0\"></span>zza<span class=\"_ _1\"></span>ndo, <span class=\"_ _b\"></span>senza <span class=\"_ _5\"></span>apportare aggiustamenti, prezzi <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>uotat<span class=\"_ _1\"></span>i in mercati atti<span class=\"_ _1\"></span>vi per st<span class=\"_ _1\"></span>rum<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>identici a quelli <span class=\"_ _1\"></span>oggetto di valutazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne.<span class=\"_ _3\"></span> Uno strumento fi<span class=\"_ _1\"></span>nanziario \u00e8 considerat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> q<span class=\"_ _1\"></span>uotato in un mercato atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o quando<span class=\"_ _1\"></span>: a) i <span class=\"_ _3\"></span>prezzi <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>otati s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _3\"></span>prontamente <span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>regolarmente <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ispo<span class=\"_ _1\"></span>nibili <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>un l<span class=\"_ _3\"></span>istino <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>borsa opp<span class=\"_ _1\"></span>ure t<span class=\"_ _1\"></span>ramite <span class=\"_ _3\"></span>un operatore, <span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>intermedia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io, una <span class=\"_ _0\"></span>so<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _0\"></span>di settore o <span class=\"_ _0\"></span>attrave<span class=\"_ _1\"></span>rso <span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>vizi <span class=\"_ _0\"></span>di quotazione, <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti autorizzati o autorit\u00e0 di regolamentazi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>; b)  i  p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ezzi <span class=\"_ _f\"> </span>quotati <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentano  ope<span class=\"_ _3\"></span>razioni  di <span class=\"_ _f\"> </span>mercato  e<span class=\"_ _1\"></span>ffettive <span class=\"_ _f\"> </span>ch<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>avvengono <span class=\"_ _f\"> </span>regolarmente <span class=\"_ _f\"> </span>in normali contrattazioni<span class=\"_ _3\"></span>. Se <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pr<span class=\"_ _0\"></span>ezz<span class=\"_ _1\"></span>i quotati so<span class=\"_ _1\"></span>ddisfano t<span class=\"_ _1\"></span>ali requis<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ti, <span class=\"_ _1\"></span>essi <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentano la <span class=\"_ _3\"></span>migliore sti<span class=\"_ _1\"></span>ma del <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span>r value <span class=\"_ _3\"></span>e devono essere obbligatoriame<span class=\"_ _1\"></span>nte utilizzati per <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a val<span class=\"_ _1\"></span>utazione dello st<span class=\"_ _1\"></span>rumento finanz<span class=\"_ _1\"></span>iario. Si <span class=\"_ _1\"></span>definisce Att<span class=\"_ _1\"></span>ivo, <span class=\"_ _3\"></span>un <span class=\"_ _1\"></span>mercato <span class=\"_ _3\"></span>in cui <span class=\"_ _3\"></span>le ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>relative a<span class=\"_ _1\"></span>d <span class=\"_ _3\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>o<span class=\"_ _1\"></span>gg<span class=\"_ _0\"></span>etto<span class=\"_ _3\"></span> di <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>taz<span class=\"_ _1\"></span>ione si <span class=\"_ _1b\"> </span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ficano <span class=\"_ _1b\"> </span>con <span class=\"_ _1b\"> </span>una <span class=\"_ _1b\"> </span>frequenza <span class=\"_ _1b\"> </span>e<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>con <span class=\"_ _1b\"> </span>volumi <span class=\"_ _1b\"> </span>sufficienti <span class=\"_ _1b\"> </span>a <span class=\"_ _1b\"> </span>fornire <span class=\"_ _19\"> </span>inform<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ioni <span class=\"_ _1b\"> </span>utili <span class=\"_ _1b\"> </span>per <span class=\"_ _1b\"> </span>la determinazione del prezz<span class=\"_ _1\"></span>o su base c<span class=\"_ _1\"></span>ontinuativa.  Dalla definizi<span class=\"_ _1\"></span>one si <span class=\"_ _3\"></span>evinc<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>che <span class=\"_ _1\"></span>il concetto <span class=\"_ _3\"></span>di mercat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>attivo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>\u00e8 p<span class=\"_ _3\"></span>roprio del si<span class=\"_ _3\"></span>ngo<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>o strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to f<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziario oggetto  di<span class=\"_ _0\"></span>  valutazione <span class=\"_ _c\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>non  del  m<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>cato  d<span class=\"_ _0\"></span>i  quot<span class=\"_ _1\"></span>azione; <span class=\"_ _c\"> </span>di  conseguenza,  la  c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rcostanza <span class=\"_ _c\"> </span>c<span class=\"_ _1\"></span>he  uno strumento f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziario <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ia <span class=\"_ _0\"></span>quotato in un<span class=\"_ _0\"></span> mercato r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>olamentato non \u00e8 <span class=\"_ _0\"></span>di per <span class=\"_ _0\"></span>s\u00e9 cond<span class=\"_ _0\"></span>iz<span class=\"_ _3\"></span>ione <span class=\"_ _0\"></span>sufficiente<span class=\"_ _3\"></span> perch\u00e9 tale strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to possa esse<span class=\"_ _1\"></span>re definito <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ome q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>otato in <span class=\"_ _1\"></span>un mercato attivo. Livello 2 e 3<span class=\"_ _1\"></span> Gli strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>finanziari <span class=\"_ _3\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>non so<span class=\"_ _1\"></span>no qu<span class=\"_ _1\"></span>otati in <span class=\"_ _1\"></span>mer<span class=\"_ _1\"></span>cati att<span class=\"_ _1\"></span>ivi devon<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>essere <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>lassi<span class=\"_ _1\"></span>ficati nei <span class=\"_ _1\"></span>livelli <span class=\"_ _1\"></span>2 <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>3. La <span class=\"_ _f\"> </span>classificazi<span class=\"_ _1\"></span>one <span class=\"_ _f\"> </span>nel <span class=\"_ _f\"> </span>livel<span class=\"_ _1\"></span>lo <span class=\"_ _f\"> </span>2 <span class=\"_ _f\"></span>piutt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sto<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>che <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>livello <span class=\"_ _6\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>\u00e8<span class=\"_ _3\"></span>  deter<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nata <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>base<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>all\u2019osse<span class=\"_ _1\"></span>rvabilit\u00e0 <span class=\"_ _f\"> </span>sui merc<span class=\"_ _0\"></span>ati <span class=\"_ _5\"></span>degli <span class=\"_ _f\"> </span>input <span class=\"_ _6\"></span>significativi <span class=\"_ _6\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>lizzati <span class=\"_ _6\"></span>ai <span class=\"_ _f\"> </span>fini <span class=\"_ _f\"></span>del<span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>eterminazio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e. <span class=\"_ _6\"></span>Uno <span class=\"_ _f\"> </span>st<span class=\"_ _1\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _1\"></span>nto fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziario <span class=\"_ _1f\"> </span>deve <span class=\"_ _16\"> </span>essere <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>lass<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>icato <span class=\"_ _c\"> </span>n<span class=\"_ _0\"></span>ella <span class=\"_ _16\"> </span>sua <span class=\"_ _16\"> </span>in<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>ezz<span class=\"_ _1\"></span>a <span class=\"_ _16\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>un <span class=\"_ _1f\"> </span>unico <span class=\"_ _16\"> </span>livello; <span class=\"_ _16\"> </span>quando, <span class=\"_ _1f\"> </span>ai <span class=\"_ _16\"> </span>fini <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a valutazione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>uno <span class=\"_ _1\"></span>strumento, <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>utili<span class=\"_ _0\"></span>zz<span class=\"_ _1\"></span>ati <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ut <span class=\"_ _1\"></span>appa<span class=\"_ _1\"></span>rtenenti a<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>li <span class=\"_ _1\"></span>diversi, <span class=\"_ _3\"></span>allo <span class=\"_ _3\"></span>strumento <span class=\"_ _3\"></span>oggetto di valutazione viene attr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>uito il livello al q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ale app<span class=\"_ _3\"></span>ar<span class=\"_ _0\"></span>tiene l\u2019inp<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>t si<span class=\"_ _1\"></span>gnificativo di livel<span class=\"_ _1\"></span>lo <span class=\"_ _0\"></span>pi<span class=\"_ _3\"></span>\u00f9<span class=\"_ _0\"></span> bass<span class=\"_ _1\"></span>o. Uno <span class=\"_ _6\"></span>strument<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>classificat<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>nel <span class=\"_ _6\"></span>livello <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>se <span class=\"_ _6\"></span>tutti <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>input <span class=\"_ _5\"></span>significativi<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>son<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>osservabili <span class=\"_ _5\"></span>sul <span class=\"_ _6\"></span>mercato, direttamente <span class=\"_ _b\"></span>o <span class=\"_ _b\"></span>indirettame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te. <span class=\"_ _0\"></span>Un <span class=\"_ _b\"></span>input <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>osservabile <span class=\"_ _b\"></span>quando <span class=\"_ _0\"></span>riflette <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>stesse <span class=\"_ _b\"></span>ass<span class=\"_ _1\"></span>unzioni <span class=\"_ _b\"></span>utilizzate dai <span class=\"_ _1f\"> </span>partecipanti <span class=\"_ _16\"> </span>al <span class=\"_ _1f\"> </span>mercato, <span class=\"_ _1f\"> </span>basate <span class=\"_ _1f\"> </span>su <span class=\"_ _1f\"> </span>dati <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>mer<span class=\"_ _0\"></span>cat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>forniti <span class=\"_ _1f\"> </span>da <span class=\"_ _16\"> </span>f<span class=\"_ _0\"></span>onti<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>indipendenti <span class=\"_ _16\"> </span>rispetto <span class=\"_ _1f\"> </span>al valutatore. Gli input di livello <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> sono i se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>nti: <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">prezzi quotati su mer<span class=\"_ _1\"></span>cati attivi per atti<span class=\"_ _1\"></span>vit\u00e0 o passivit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>similari; </span></span><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">prezzi <span class=\"_ _1\"></span>quo<span class=\"_ _0\"></span>tati <span class=\"_ _3\"></span>per lo <span class=\"_ _3\"></span>str<span class=\"_ _0\"></span>ument<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n a<span class=\"_ _1\"></span>nalisi o <span class=\"_ _3\"></span>per stru<span class=\"_ _1\"></span>menti simili <span class=\"_ _1\"></span>su <span class=\"_ _1\"></span>mercati n<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n a<span class=\"_ _1\"></span>ttivi, vale <span class=\"_ _3\"></span>a dire </span></span>merc<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span> in cui: <span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">c<span class=\"_ _0\"></span>i son<span class=\"_ _1\"></span>o poche transazi<span class=\"_ _1\"></span>oni; </span></span><span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">i <span class=\"_ _5\"></span>prezzi <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>corre<span class=\"_ _1\"></span>nti <span class=\"_ _b\"></span>o <span class=\"_ _b\"></span>variano <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>modo <span class=\"_ _b\"></span>sosta<span class=\"_ _3\"></span>nziale <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _b\"></span>tempo <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>tra <span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>diversi <span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket </span></span>maker o poca in<span class=\"_ _1\"></span>formazione \u00e8 resa pub<span class=\"_ _1\"></span>blica;            <span class=\"_ _17b\"> </span>e inoltre siano rilevab<span class=\"_ _1\"></span>ili: <span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">in<span class=\"_ _0\"></span>put <span class=\"_ _1\"></span>di mercato <span class=\"_ _1\"></span>osservabili (ad es.<span class=\"_ _3\"></span>:<span class=\"_ _0\"></span> tassi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>interesse<span class=\"_ _1\"></span> o curve di re<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>diment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> osser<span class=\"_ _1\"></span>vabili sui </span></span>diversi buckets, <span class=\"_ _1\"></span>volatilit\u00e0, etc.)<span class=\"_ _1\"></span>; <span class=\"ff4\"> <span class=\"_ _93\"> </span><span class=\"ff2 fs2\">in<span class=\"_ _0\"></span>put <span class=\"_ _16\"> </span>che <span class=\"_ _1f\"> </span>derivano <span class=\"_ _16\"> </span>principalme<span class=\"_ _1\"></span>nte <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>dati <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>mercato <span class=\"_ _16\"> </span>osservabili <span class=\"_ _1f\"> </span>la <span class=\"_ _16\"> </span>cui <span class=\"_ _1f\"> </span>relazione <span class=\"_ _16\"> </span>\u00e8 </span></span>avvalorata da parametr<span class=\"_ _1\"></span>i tra cui la <span class=\"_ _1\"></span>correl<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione.<span class=\"_ _3\"></span> Uno <span class=\"_ _0\"></span>strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to finanziario <span class=\"_ _0\"></span>\u00e8 considerato<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di livello 3 <span class=\"_ _0\"></span>nel caso <span class=\"_ _0\"></span>in cui <span class=\"_ _0\"></span>le tecniche d<span class=\"_ _0\"></span>i valutazione adottate utilizzino  a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>che <span class=\"_ _f\"> </span>input  n<span class=\"_ _1\"></span>on  osse<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _1\"></span>bili  sul<span class=\"_ _1\"></span>  me<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>e  il <span class=\"_ _f\"> </span>loro<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>cont<span class=\"_ _1\"></span>ributo  al<span class=\"_ _1\"></span>la  stima <span class=\"_ _f\"> </span>del  fa<span class=\"_ _3\"></span>ir<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>value <span class=\"_ _f\"> </span>si<span class=\"_ _0\"></span>a considerato signi<span class=\"_ _1\"></span>fic<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>. Sono classificati nel livello 3 tutti <span class=\"_ _1\"></span>gli strumenti finan<span class=\"_ _1\"></span>ziari non quotati in un mercato attivo qua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do, pur disponendo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>dati <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>sse<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ili, <span class=\"_ _5\"></span>si <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>dono <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essa<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>aggiustame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>si<span class=\"_ _0\"></span>gni<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>icativi <span class=\"_ _5\"></span>sugli <span class=\"_ _5\"></span>stessi <span class=\"_ _b\"></span>basati <span class=\"_ _6\"></span>su dati <span class=\"_ _c\"> </span>non  osservabili, <span class=\"_ _c\"> </span>la  stima  si <span class=\"_ _c\"> </span>basa <span class=\"_ _c\"> </span>su  assunzioni <span class=\"_ _c\"> </span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ter<span class=\"_ _1\"></span>ne <span class=\"_ _c\"> </span>alla  societ\u00e0 <span class=\"_ _c\"> </span>cir<span class=\"_ _1\"></span>ca <span class=\"_ _c\"> </span>i <span class=\"_ _c\"> </span>f<span class=\"_ _1\"></span>uturi  c<span class=\"_ _0\"></span>ash  flow <span class=\"_ _c\"> </span>e<span class=\"_ _1\"></span> l\u2019aggiustamento p<span class=\"_ _1\"></span>er il rischio della c<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>rva di sc<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>o. A.4.1 Livell<span class=\"_ _0\"></span>i di fair value 2<span class=\"_ _0\"></span> e 3: tecniche<span class=\"_ _0\"></span> di valutazio<span class=\"_ _0\"></span>ne e input u<span class=\"_ _0\"></span>tilizzati<span class=\"_ _0\"></span> Al 31 dicembre 202<span class=\"_ _1\"></span>4, gli elementi pa<span class=\"_ _1\"></span>trimoniali valu<span class=\"_ _1\"></span>tati su base ricorre<span class=\"_ _1\"></span>nte al fair value so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o costituiti:<span class=\"_ _1\"></span> <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">da <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziarie <span class=\"_ _0\"></span>valutate <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>fair <span class=\"_ _0\"></span>value <span class=\"_ _0\"></span>con <span class=\"_ _b\"></span>imp<span class=\"_ _1\"></span>atto <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onto <span class=\"_ _0\"></span>economico, <span class=\"_ _0\"></span>rappresentate <span class=\"_ _0\"></span>da<span class=\"_ _1\"></span> </span></span>quo<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> di OICVM, <span class=\"_ _1\"></span>la cui val<span class=\"_ _1\"></span>utazione avvie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tilizza<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>do es<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>lusivame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nput<span class=\"_ _1\"></span> di livello <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>ori di riferimento p<span class=\"_ _1\"></span>ubblicati quotidianame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te); <span class=\"_ _3\"></span> <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">da <span class=\"_ _19\"> </span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _19\"> </span>finanziarie<span class=\"_ _1\"></span> <span class=\"_ _19\"> </span>valutate <span class=\"_ _e\"> </span>al <span class=\"_ _e\"> </span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>value <span class=\"_ _e\"> </span>con <span class=\"_ _19\"> </span>impa<span class=\"_ _1\"></span>tto <span class=\"_ _19\"> </span>sulla <span class=\"_ _e\"> </span>redditivit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>com<span class=\"_ _0\"></span>pless<span class=\"_ _3\"></span>iv<span class=\"_ _0\"></span>a,<span class=\"_ _3\"></span> </span></span>rappresentate da <span class=\"_ _0\"></span>titoli di capitale, <span class=\"_ _0\"></span>la cui <span class=\"_ _0\"></span>valutazi<span class=\"_ _1\"></span>one avv<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>utilizzand<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>clusivamente <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>put<span class=\"_ _3\"></span> di livello 1 (tit<span class=\"_ _1\"></span>olo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>otato su Borsa Ital<span class=\"_ _1\"></span>iana);  <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">da \u201cSubscriber sha<span class=\"_ _1\"></span>res\u201d della Sicav A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima F<span class=\"_ _1\"></span>unds rapp<span class=\"_ _1\"></span>resentative del valore nom<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nale <span class=\"_ _1\"></span>(che da </span></span>Statuto  n<span class=\"_ _0\"></span>on  attribuiscono <span class=\"_ _c\"> </span>alcun  diritto/obbligo <span class=\"_ _c\"> </span>a<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>partecipare <span class=\"_ _c\"> </span>a<span class=\"_ _1\"></span>gli <span class=\"_ _c\"> </span>utili  o <span class=\"_ _c\"> </span>alle <span class=\"_ _c\"> </span>pe<span class=\"_ _1\"></span>rdi<span class=\"_ _0\"></span>te)  con classificazione del <span class=\"_ _1\"></span>fair value riferito a<span class=\"_ _1\"></span>llo strumento <span class=\"_ _1\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziario n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>vello 2; <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">da <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _f\"> </span>valutate <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>fair <span class=\"_ _f\"> </span>value <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>impatto <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>econ<span class=\"_ _1\"></span>omico, <span class=\"_ _f\"> </span>rappresentate </span></span>principalmente <span class=\"_ _3\"></span>dall<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>seguenti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>quote di <span class=\"_ _3\"></span>fon<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i d'in<span class=\"_ _1\"></span>vestimento alte<span class=\"_ _3\"></span>rn<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o (\u201c<span class=\"_ _3\"></span>FIA\u201d)<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>chiusi, riservati e di diritto italia<span class=\"_ _1\"></span>no, tutte con classif<span class=\"_ _1\"></span>icazione del <span class=\"_ _1\"></span>fair value nel livello 3:  o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">FIA <span class=\"_ _b\"></span>pro<span class=\"_ _0\"></span>mossi <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>gestiti <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>Alternative <span class=\"_ _5\"></span>(i) <span class=\"_ _5\"></span>Anima <span class=\"_ _b\"></span>Altern<span class=\"_ _0\"></span>ative <span class=\"_ _b\"></span>1 <span class=\"_ _5\"></span>(\u201cAA1\u201d) <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>(i<span class=\"_ _0\"></span>i) <span class=\"_ _b\"></span>Anima </span></span>Alternative  2 <span class=\"_ _c\"> </span>(<span class=\"_ _1\"></span>\u201cAA2\u201d),  la  cu<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>  valutazione  avviene  utilizzando  l'ultimo  Net  Asset <span class=\"_ _c\"> </span>Val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e (NAV) <span class=\"_ _1b\"> </span>riportato <span class=\"_ _e\"> </span>n<span class=\"_ _0\"></span>el <span class=\"_ _19\"> </span>r<span class=\"_ _0\"></span>ep<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>t <span class=\"_ _19\"> </span>IPEV <span class=\"_ _1b\"> </span>(Inter<span class=\"_ _1\"></span>national <span class=\"_ _19\"> </span>Priv<span class=\"_ _0\"></span>ate <span class=\"_ _19\"> </span>Equity <span class=\"_ _19\"> </span>&amp; <span class=\"_ _1b\"> </span>Venture <span class=\"_ _19\"> </span>C<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>ital Valuation) appro<span class=\"_ _1\"></span>vato e pubblicato c<span class=\"_ _1\"></span>on cadenza trimestrale;<span class=\"_ _1\"></span>  o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">FIA <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>hiusi <span class=\"_ _f\"> </span>riservati <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>diritto <span class=\"_ _f\"> </span>italiano  ge<span class=\"_ _3\"></span>stiti  da  K<span class=\"_ _3\"></span>airo<span class=\"_ _0\"></span>s <span class=\"_ _f\"> </span>SGR  e <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>una  S<span class=\"_ _1\"></span>GR  te<span class=\"_ _1\"></span>rza,  la <span class=\"_ _f\"> </span>cui </span></span>valutazione <span class=\"_ _c\"> </span>av<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span>ne <span class=\"_ _c\"> </span>ut<span class=\"_ _1\"></span>ilizzando <span class=\"_ _c\"> </span>l<span class=\"_ _1\"></span>\u2019ultimo  v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re  quota <span class=\"_ _c\"> </span>re<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>  disponibile  d<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lla <span class=\"_ _c\"> </span>societ\u00e0  di gestione; o<span class=\"ff4\"> <span class=\"_ _1e\"> </span><span class=\"ff2 fs2\">FIA <span class=\"_ _0\"></span>immobiliari <span class=\"_ _0\"></span>promossi <span class=\"_ _0\"></span>e g<span class=\"_ _0\"></span>estiti d<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>Caste<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>lo <span class=\"_ _0\"></span>SGR, <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>cui <span class=\"_ _0\"></span>valutazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>viene u<span class=\"_ _0\"></span>tilizzan<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> </span></span>l\u2019ultimo valore qu<span class=\"_ _1\"></span>ota reso disponibi<span class=\"_ _1\"></span>le dalla societ\u00e0 <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> gest<span class=\"_ _1\"></span>ione. INFORMATIVA DI <span class=\"_ _0\"></span>N<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>TURA QUANTITATIVA<span class=\"_ _1\"></span> A.4.5 Gerarchia del<span class=\"_ _0\"></span> fair va<span class=\"_ _1\"></span>lue<span class=\"_ _1\"></span> A.4.5.<span class=\"_ _0\"></span>1<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Attivit\u00e0<span class=\"_ _1\"></span> e passivit\u00e0 finanziarie valutate al fair <span class=\"_ _0\"></span>value su bas<span class=\"_ _1\"></span>e ric<span class=\"_ _0\"></span>orrente: ripartizione per<span class=\"_ _3\"></span> livelli di fair value Nella <span class=\"_ _3\"></span>tabella <span class=\"_ _3\"></span>che se<span class=\"_ _3\"></span>gu<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>passivit\u00e0 <span class=\"_ _3\"></span>finanzi<span class=\"_ _1\"></span>arie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tate <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>fair <span class=\"_ _3\"></span>value s<span class=\"_ _3\"></span>ono <span class=\"_ _1\"></span>suddivise <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>diversi livelli della gerar<span class=\"_ _1\"></span>chia di fair value s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>pra des<span class=\"_ _1\"></span>critti. <table class=\"s w2a0 h35c\" id=\"_8e6076a6-cd6b-4b20-8a75-7208a1b83d1a\"><tr><td class=\"t m4 x2ed h70 y17c4 ff3 fs25 fc1 sc0 ls0 ws0\">Atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0/P<span class=\"_ _0\"></span>ass<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vit\u00e0 <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>surate al fai<span class=\"_ _0\"></span>r va<span class=\"_ _1\"></span>l<span class=\"_ _0\"></span>ue<span class=\"_ _4a1\"> </span></td><td></td><td></td><td class=\"c x384 y17c5 w21 h72\"><div class=\"t m4 x3b h70 y611 ff3 fs25 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.<span class=\"_ _0\"></span>12.2024<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x36f y17c5 w21 h72\"><div class=\"t m4 x3b h70 y611 ff3 fs25 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x385 y17c7 w2a1 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x386 y17c7 w2a1 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x387 y17c7 w2a1 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x388 y17c7 w2a2 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x389 y17c7 w2a1 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x38a y17c7 w2a1 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x38b y17c7 w2a1 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x38c y17c7 w2a3 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17c9 w2a4 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">1. Attivit<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> fi<span class=\"_ _1\"></span>nanziarie valu<span class=\"_ _1\"></span>tate al fair value c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> imp<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>tt<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> a con<span class=\"_ _3\"></span>to eco<span class=\"_ _3\"></span>nomico<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x38d y17c9 w2a5 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">77.<span class=\"_ _0\"></span>936<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x38e y17c9 w2a6 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x38f y17c9 w2a7 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">41.271<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x390 y17c9 w2a8 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">119.<span class=\"_ _0\"></span>217<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x391 y17c9 w2a9 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">77.573<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x392 y17c9 w2a6 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x393 y17c9 w2a7 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">18.480<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x394 y17c9 w2aa h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">96.<span class=\"_ _0\"></span>063<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17ca w2ab h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">a) atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>\u00e0 f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nanziarie detenu<span class=\"_ _3\"></span>te per <span class=\"_ _1\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>g<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>iazi<span class=\"_ _1\"></span>one<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x395 y17ca w2ac h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17cb w2ad h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">b) atti<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>t\u00e0 finanziarie desi<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nate al <span class=\"_ _3\"></span>fa<span class=\"_ _0\"></span>ir value<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x396 y17cb w2ac h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17cc w2ae h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">c) altr<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> atti<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inan<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>iarie <span class=\"_ _3\"></span>ob<span class=\"_ _0\"></span>bligatoriament<span class=\"_ _1\"></span>e valut<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>te al<span class=\"_ _1\"></span> fa<span class=\"_ _0\"></span>ir <span class=\"_ _1\"></span>va<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x397 y17cc w2aa h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">77.<span class=\"_ _0\"></span>936<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x398 y17cc w2a6 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x399 y17cc w2aa h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">41<span class=\"_ _0\"></span>.271<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x39a y17cc w2af h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">119.2<span class=\"_ _0\"></span>17<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x39b y17cc w2aa h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">77.<span class=\"_ _0\"></span>573<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x39c y17cc w2a6 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x39d y17cc w2a5 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>8.480<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x39e y17cc w2aa h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">96.<span class=\"_ _0\"></span>063<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17cd w2b0 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">2. Attivit<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> fi<span class=\"_ _1\"></span>nanziarie valu<span class=\"_ _1\"></span>tate al fair value c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> imp<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>tt<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> sul<span class=\"_ _3\"></span>la red<span class=\"_ _0\"></span>diti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> comp<span class=\"_ _3\"></span>less<span class=\"_ _1\"></span>iva<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x39f y17cd w2af h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">34<span class=\"_ _0\"></span>2.278<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3a0 y17cd w2a8 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">342.<span class=\"_ _0\"></span>278<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3a1 y17cd w2aa h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">38.<span class=\"_ _0\"></span>075<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3a2 y17cd w2aa h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">38.<span class=\"_ _0\"></span>075<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m4 x2ed h71 y17ce ff2 fs25 fc1 sc0 ls0 ws0\">3. Deriva<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> di co<span class=\"_ _1\"></span>pertu<span class=\"_ _3\"></span>ra<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m4 x2ed h71 y17cf ff2 fs25 fc1 sc0 ls0 ws0\">4. Attivit<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> materiali<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m4 x2ed h71 y17d0 ff2 fs25 fc1 sc0 ls0 ws0\">5. Attivit<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>materiali<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d5 w2b1 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3a3 y16d5 w2b2 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">420.2<span class=\"_ _0\"></span>14<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3a4 y16d5 w2b3 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3a5 y16d5 w2b4 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>1.271<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3a6 y16d5 w2b5 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">461.495<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3a7 y16d5 w2b2 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">115<span class=\"_ _0\"></span>.648<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3a8 y16d5 w2b6 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3a9 y16d5 w2b4 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>8.480<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3aa y16d5 w2b7 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">134.138<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17d1 w2b8 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">1. Pass<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _0\"></span> fi<span class=\"_ _1\"></span>nanz<span class=\"_ _1\"></span>iar<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> deten<span class=\"_ _1\"></span>ute<span class=\"_ _1\"></span> per l<span class=\"_ _1\"></span>a negozi<span class=\"_ _1\"></span>azione<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x3ab y17d1 w2ac h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x3ac y17d1 w2ac h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17d2 w2b9 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">2. Pass<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _0\"></span> fi<span class=\"_ _1\"></span>nanz<span class=\"_ _1\"></span>iar<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> desi<span class=\"_ _1\"></span>gnate al fair value<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x3ad y17d2 w2ac h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x3ae y17d2 w2ac h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17d3 w2ba h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">3.D<span class=\"_ _0\"></span>erivati <span class=\"_ _1\"></span>di cop<span class=\"_ _3\"></span>ert<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>ra<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x3af y17d3 w2ac h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x3b0 y17d3 w2ac h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m4 x2ed h70 y17d4 ff3 fs25 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Legenda: <span class=\"ff2\">L1<span class=\"_ _0\"></span>=Livello 1; L2<span class=\"_ _0\"></span>=Livello 2<span class=\"_ _0\"></span>; L2=Live<span class=\"_ _0\"></span>llo <span class=\"_ _1\"></span>3.<span class=\"_ _0\"></span> </span>Nel <span class=\"_ _f\"> </span>corso <span class=\"_ _f\"> </span>dell\u2019esercizio <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>verificati <span class=\"_ _f\"> </span>tras<span class=\"_ _1\"></span>ferimenti <span class=\"_ _f\"> </span>dalle <span class=\"_ _f\"> </span>attivit\u00e0/p<span class=\"_ _1\"></span>assivit\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _f\"> </span>tra <span class=\"_ _f\"> </span>il livello 1 ed il livel<span class=\"_ _1\"></span>lo 2 di fair <span class=\"_ _1\"></span>value in riferiment<span class=\"_ _1\"></span>o al IFRS 13 para<span class=\"_ _1\"></span>gr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>fo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>93 lettera c. A.4.5.<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Variazioni<span class=\"_ _1\"></span> annue delle attivit\u00e0 valutate al fair <span class=\"_ _0\"></span>value su bas<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>ricorr<span class=\"_ _0\"></span>ente (livello<span class=\"_ _1\"></span> 3)<span class=\"_ _3\"></span> <table class=\"s w2bb h35e\" id=\"_b1979906-1f87-49f8-9d0c-ceb633e84d91\"><tr><td></td><td></td><td></td><td></td><td class=\"t m14 x3b1 h73 y17d5 ff2 fs26 fc1 sc0 ls0 ws0\">Attivit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>finanzi<span class=\"_ _3\"></span>ar<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span> valut<span class=\"_ _3\"></span>ate al fair value co<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>im<span class=\"_ _3\"></span>patto a cont<span class=\"_ _3\"></span>o economico<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c n x3b2 y17d7 w2bc h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">di cui<span class=\"_ _3\"></span>:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3b3 y17d7 w2bd h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">di <span class=\"_ _1\"></span>cui:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3b4 y17d7 w2bc h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">di cui<span class=\"_ _3\"></span>:<span class=\"_ _4a1\"> </span></div></td><td class=\"t m14 x3b5 h73 y17d8 ff2 fs26 fc1 sc0 ls0 ws0\">Atti<span class=\"_ _1\"></span>vit\u00e0 finanz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>rie </td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m14 x3b6 h73 y17d9 ff2 fs26 fc1 sc0 ls0 ws0\">a) att<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vit<span class=\"_ _3\"></span>\u00e0 </td><td class=\"t m14 x3b7 h73 y17d9 ff2 fs26 fc1 sc0 ls0 ws0\"> b) atti<span class=\"_ _3\"></span>vit\u00e0 </td><td class=\"t m14 x3b8 h73 y17d9 ff2 fs26 fc1 sc0 ls0 ws0\">c<span class=\"_ _1\"></span>) altre att<span class=\"_ _3\"></span>ivit\u00e0 </td><td class=\"c x3b9 y17da w25 h76\"><div class=\"t m14 x3b h73 y61d ff2 fs26 fc1 sc0 ls0 ws0\">valut<span class=\"_ _3\"></span>ate al fair value<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>on </div></td><td class=\"t m14 x3ba h73 y17db ff2 fs26 fc1 sc0 ls0 ws0\">Der<span class=\"_ _1\"></span>ivati <span class=\"_ _1\"></span>di </td><td class=\"t m14 x3bb h73 y17dc ff2 fs26 fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>tivit\u00e0 mat<span class=\"_ _3\"></span>eriali<span class=\"_ _4a1\"> </span></td><td class=\"t m14 x3bc h73 y17db ff2 fs26 fc1 sc0 ls0 ws0\">Attiv<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>\u00e0 </td></tr><tr><td></td><td class=\"c n x3bd y17de w2be h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">Totale</div></td><td class=\"t m14 x3b6 h73 y17df ff2 fs26 fc1 sc0 ls0 ws0\">finanzi<span class=\"_ _1\"></span>arie </td><td class=\"t m14 x3b7 h73 y17df ff2 fs26 fc1 sc0 ls0 ws0\">finanzi<span class=\"_ _1\"></span>arie </td><td class=\"t m14 x3b8 h73 y17df ff2 fs26 fc1 sc0 ls0 ws0\">finanzi<span class=\"_ _1\"></span>arie </td><td class=\"t m14 x3b9 h73 y17e0 ff2 fs26 fc1 sc0 ls0 ws0\">impa<span class=\"_ _1\"></span>tto sulla re<span class=\"_ _3\"></span>ddi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ivit\u00e0 </td><td class=\"t m14 x3ba h73 y17e0 ff2 fs26 fc1 sc0 ls0 ws0\">cope<span class=\"_ _1\"></span>rtura<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n x3be y17de w2bf h35f\"><div class=\"t m14 x17f h75 y17dd ff2 fs26 fc1 sc0 ls0 ws0\">im<span class=\"_ _476\"></span>mater<span class=\"_ _477\"></span>i<span class=\"_ _478\"></span>ali<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m14 x3b6 h73 y17e1 ff2 fs26 fc1 sc0 ls0 ws0\">det<span class=\"_ _3\"></span>enute per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>la </td><td class=\"t m14 x3b7 h73 y17e1 ff2 fs26 fc1 sc0 ls0 ws0\">de<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ignat<span class=\"_ _3\"></span>e al </td><td class=\"t m14 x3b8 h73 y17e1 ff2 fs26 fc1 sc0 ls0 ws0\">obb<span class=\"_ _1\"></span>ligator<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ame<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span> </td><td class=\"t m14 x3bf h73 y17e2 ff2 fs26 fc1 sc0 ls0 ws0\">compl<span class=\"_ _1\"></span>essiva<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x3b6 y17e3 w22 h74\"><div class=\"t m14 x3b h73 y613 ff2 fs26 fc1 sc0 ls0 ws0\">neg<span class=\"_ _3\"></span>oz<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>azione</div></td><td class=\"c x3b7 y17e3 w23 h74\"><div class=\"t m14 x3b h73 y613 ff2 fs26 fc1 sc0 ls0 ws0\">fair value</div></td><td class=\"c x3b8 y17e3 w24 h74\"><div class=\"t m14 x3b h73 y613 ff2 fs26 fc1 sc0 ls0 ws0\">val<span class=\"_ _3\"></span>utate al fair val<span class=\"_ _1\"></span>ue<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17e4 w2c0 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> Esistenze i<span class=\"_ _1\"></span>nizia<span class=\"_ _3\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3c0 y17e4 w2c1 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>480<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3c1 y17e4 w2c2 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>480<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17e5 w2c3 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> Aumenti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3c2 y17e5 w2c2 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>190<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3c3 y17e5 w2c2 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">23<span class=\"_ _0\"></span>.190<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17e6 w2c4 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span>. Acqui<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3c4 y17e6 w2c5 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">20.<span class=\"_ _0\"></span>647<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3c5 y17e6 w2c6 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>0.647<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17e7 w2c7 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _0\"></span>. P<span class=\"_ _1\"></span>rofitti <span class=\"_ _1\"></span>imputati<span class=\"_ _3\"></span> a:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3c6 y17e7 w2c8 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.353<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3c7 y17e7 w2c9 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">1.353<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17e8 w2ca h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _0\"></span>.1. <span class=\"_ _1\"></span>Conto Econom<span class=\"_ _1\"></span>ico<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3c8 y17e8 w2cb h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">1.353<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3c9 y17e8 w2c8 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.353<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x3ca y17e9 w2cc h360\"><div class=\"t m14 x17f h73 y17d6 ff1f fs26 fc1 sc0 ls0 ws0\">\u2212 di cui plusval<span class=\"_ _3\"></span>enze<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3cb y17e9 w2c8 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>353<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3cc y17e9 w2cd h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">1.353<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17ea w2ce h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _0\"></span>. Alt<span class=\"_ _1\"></span>re va<span class=\"_ _1\"></span>riazioni in aum<span class=\"_ _3\"></span>ento<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3cd y17ea w2c8 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>190<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3ce y17ea w2cb h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">1.190<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17eb w2cf h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> Dimi<span class=\"_ _1\"></span>nuzi<span class=\"_ _3\"></span>oni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3cf y17eb w2d0 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">(399)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3d0 y17eb w2d1 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">(399<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17ec w2d2 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">3.2<span class=\"_ _0\"></span>. Rim<span class=\"_ _1\"></span>borsi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3d1 y17ec w2d0 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">(396)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3d2 y17ec w2d3 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">(39<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17ed w2d4 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _0\"></span>. P<span class=\"_ _1\"></span>erdit<span class=\"_ _3\"></span>e imputate<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3d3 y17ed w2d5 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3d4 y17ed w2d6 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">(3<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x3ca y17ee w2d7 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">3.3.1. Conto Economi<span class=\"_ _1\"></span>co<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3d5 y17ee w2d6 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3d6 y17ee w2d8 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">(3)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x3ca y17ef w2d9 h360\"><div class=\"t m14 x17f h73 y17d6 ff1f fs26 fc1 sc0 ls0 ws0\">\u2212 di cui mi<span class=\"_ _3\"></span>nus<span class=\"_ _0\"></span>v<span class=\"_ _1\"></span>alenze<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3d7 y17ef w2d6 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3d8 y17ef w2da h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">(3)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w2db h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span> Ri<span class=\"_ _1\"></span>manenze fina<span class=\"_ _1\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3d9 y16d8 w2c2 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">41.<span class=\"_ _0\"></span>271<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3da y16d8 w2c2 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">41<span class=\"_ _0\"></span>.271<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr></table>Nella <span class=\"_ _c\"> </span>tabella <span class=\"_ _c\"> </span>gli <span class=\"_ _c\"> </span>impo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ti <span class=\"_ _c\"> </span>son<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>principalmente <span class=\"_ _c\"> </span>r<span class=\"_ _1\"></span>iferiti <span class=\"_ _c\"> </span>alla <span class=\"_ _c\"> </span>movimentazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _c\"> </span>delle<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>quote  d<span class=\"_ _0\"></span>ei <span class=\"_ _c\"> </span>FIA  in portafoglio, gestiti da An<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ma Alte<span class=\"_ _3\"></span>rn<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e e Castel<span class=\"_ _1\"></span>lo SGR, effettuate nel per<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>do di riferiment<span class=\"_ _1\"></span>o.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-533": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs4d6\">A.4.5 Gerarchia del<span class=\"_ _0\"></span> fair va<span class=\"_ _1\"></span>lue<span class=\"_ _1\"></span> </div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs4d7\">A.4.5.<span class=\"_ _0\"></span>1<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Attivit\u00e0<span class=\"_ _1\"></span> e passivit\u00e0 finanziarie valutate al fair <span class=\"_ _0\"></span>value su bas<span class=\"_ _1\"></span>e ric<span class=\"_ _0\"></span>orrente: ripartizione per<span class=\"_ _3\"></span> livelli </div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs4d8\">di fair value </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4d9\">Nella <span class=\"_ _3\"></span>tabella <span class=\"_ _3\"></span>che se<span class=\"_ _3\"></span>gu<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>passivit\u00e0 <span class=\"_ _3\"></span>finanzi<span class=\"_ _1\"></span>arie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tate <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>fair <span class=\"_ _3\"></span>value s<span class=\"_ _3\"></span>ono <span class=\"_ _1\"></span>suddivise <span class=\"_ _3\"></span>tra <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>diversi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4da\">livelli della gerar<span class=\"_ _1\"></span>chia di fair value s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>pra des<span class=\"_ _1\"></span>critti. </div><div class=\"gs4db\"><table class=\"s w2a0 h35c\" id=\"_8e6076a6-cd6b-4b20-8a75-7208a1b83d1a\"><tr><td class=\"t m4 x2ed h70 y17c4 ff3 fs25 fc1 sc0 ls0 ws0\">Atti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0/P<span class=\"_ _0\"></span>ass<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vit\u00e0 <span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>surate al fai<span class=\"_ _0\"></span>r va<span class=\"_ _1\"></span>l<span class=\"_ _0\"></span>ue<span class=\"_ _4a1\"> </span></td><td></td><td></td><td class=\"c x384 y17c5 w21 h72\"><div class=\"t m4 x3b h70 y611 ff3 fs25 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.<span class=\"_ _0\"></span>12.2024<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c x36f y17c5 w21 h72\"><div class=\"t m4 x3b h70 y611 ff3 fs25 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x385 y17c7 w2a1 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x386 y17c7 w2a1 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x387 y17c7 w2a1 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x388 y17c7 w2a2 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x389 y17c7 w2a1 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x38a y17c7 w2a1 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x38b y17c7 w2a1 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x38c y17c7 w2a3 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17c9 w2a4 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">1. Attivit<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> fi<span class=\"_ _1\"></span>nanziarie valu<span class=\"_ _1\"></span>tate al fair value c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> imp<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>tt<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> a con<span class=\"_ _3\"></span>to eco<span class=\"_ _3\"></span>nomico<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x38d y17c9 w2a5 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">77.<span class=\"_ _0\"></span>936<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x38e y17c9 w2a6 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x38f y17c9 w2a7 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">41.271<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x390 y17c9 w2a8 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">119.<span class=\"_ _0\"></span>217<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x391 y17c9 w2a9 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">77.573<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x392 y17c9 w2a6 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x393 y17c9 w2a7 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">18.480<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x394 y17c9 w2aa h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">96.<span class=\"_ _0\"></span>063<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17ca w2ab h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">a) atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>\u00e0 f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nanziarie detenu<span class=\"_ _3\"></span>te per <span class=\"_ _1\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>g<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>iazi<span class=\"_ _1\"></span>one<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x395 y17ca w2ac h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17cb w2ad h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">b) atti<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>t\u00e0 finanziarie desi<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nate al <span class=\"_ _3\"></span>fa<span class=\"_ _0\"></span>ir value<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x396 y17cb w2ac h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17cc w2ae h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">c) altr<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> atti<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inan<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>iarie <span class=\"_ _3\"></span>ob<span class=\"_ _0\"></span>bligatoriament<span class=\"_ _1\"></span>e valut<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>te al<span class=\"_ _1\"></span> fa<span class=\"_ _0\"></span>ir <span class=\"_ _1\"></span>va<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x397 y17cc w2aa h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">77.<span class=\"_ _0\"></span>936<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x398 y17cc w2a6 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x399 y17cc w2aa h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">41<span class=\"_ _0\"></span>.271<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x39a y17cc w2af h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">119.2<span class=\"_ _0\"></span>17<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x39b y17cc w2aa h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">77.<span class=\"_ _0\"></span>573<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x39c y17cc w2a6 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x39d y17cc w2a5 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>8.480<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x39e y17cc w2aa h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">96.<span class=\"_ _0\"></span>063<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17cd w2b0 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">2. Attivit<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> fi<span class=\"_ _1\"></span>nanziarie valu<span class=\"_ _1\"></span>tate al fair value c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span> imp<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>tt<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span> sul<span class=\"_ _3\"></span>la red<span class=\"_ _0\"></span>diti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> comp<span class=\"_ _3\"></span>less<span class=\"_ _1\"></span>iva<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x39f y17cd w2af h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">34<span class=\"_ _0\"></span>2.278<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3a0 y17cd w2a8 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">342.<span class=\"_ _0\"></span>278<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3a1 y17cd w2aa h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">38.<span class=\"_ _0\"></span>075<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3a2 y17cd w2aa h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">38.<span class=\"_ _0\"></span>075<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m4 x2ed h71 y17ce ff2 fs25 fc1 sc0 ls0 ws0\">3. Deriva<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> di co<span class=\"_ _1\"></span>pertu<span class=\"_ _3\"></span>ra<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m4 x2ed h71 y17cf ff2 fs25 fc1 sc0 ls0 ws0\">4. Attivit<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> materiali<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m4 x2ed h71 y17d0 ff2 fs25 fc1 sc0 ls0 ws0\">5. Attivit<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>materiali<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d5 w2b1 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3a3 y16d5 w2b2 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">420.2<span class=\"_ _0\"></span>14<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3a4 y16d5 w2b3 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3a5 y16d5 w2b4 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>1.271<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3a6 y16d5 w2b5 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">461.495<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3a7 y16d5 w2b2 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">115<span class=\"_ _0\"></span>.648<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3a8 y16d5 w2b6 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3a9 y16d5 w2b4 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>8.480<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3aa y16d5 w2b7 h35d\"><div class=\"t m4 x17f h70 y17c6 ff3 fs25 fc1 sc0 ls0 ws0\">134.138<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17d1 w2b8 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">1. Pass<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _0\"></span> fi<span class=\"_ _1\"></span>nanz<span class=\"_ _1\"></span>iar<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> deten<span class=\"_ _1\"></span>ute<span class=\"_ _1\"></span> per l<span class=\"_ _1\"></span>a negozi<span class=\"_ _1\"></span>azione<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x3ab y17d1 w2ac h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x3ac y17d1 w2ac h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17d2 w2b9 h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">2. Pass<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _0\"></span> fi<span class=\"_ _1\"></span>nanz<span class=\"_ _1\"></span>iar<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> desi<span class=\"_ _1\"></span>gnate al fair value<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x3ad y17d2 w2ac h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x3ae y17d2 w2ac h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17d3 w2ba h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc1 sc0 ls0 ws0\">3.D<span class=\"_ _0\"></span>erivati <span class=\"_ _1\"></span>di cop<span class=\"_ _3\"></span>ert<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>ra<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x3af y17d3 w2ac h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x3b0 y17d3 w2ac h35d\"><div class=\"t m4 x17f h71 y17c8 ff2 fs25 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m4 x2ed h70 y17d4 ff3 fs25 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table></div><div class=\"t m1 h6e ff3 fs8 fc1 sc0 ls0 ws0 gs4dc\">Legenda: <span class=\"ff2\">L1<span class=\"_ _0\"></span>=Livello 1; L2<span class=\"_ _0\"></span>=Livello 2<span class=\"_ _0\"></span>; L2=Live<span class=\"_ _0\"></span>llo <span class=\"_ _1\"></span>3.<span class=\"_ _0\"></span> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4dd\">Nel <span class=\"_ _f\"> </span>corso <span class=\"_ _f\"> </span>dell\u2019esercizio <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>verificati <span class=\"_ _f\"> </span>tras<span class=\"_ _1\"></span>ferimenti <span class=\"_ _f\"> </span>dalle <span class=\"_ _f\"> </span>attivit\u00e0/p<span class=\"_ _1\"></span>assivit\u00e0 <span class=\"_ _f\"> </span>finanziarie <span class=\"_ _f\"> </span>tra <span class=\"_ _f\"> </span>il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4de\">livello 1 ed il livel<span class=\"_ _1\"></span>lo 2 di fair <span class=\"_ _1\"></span>value in riferiment<span class=\"_ _1\"></span>o al IFRS 13 para<span class=\"_ _1\"></span>gr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>fo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>93 lettera c. </div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs4df\">A.4.5.<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Variazioni<span class=\"_ _1\"></span> annue delle attivit\u00e0 valutate al fair <span class=\"_ _0\"></span>value su bas<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>ricorr<span class=\"_ _0\"></span>ente (livello<span class=\"_ _1\"></span> 3)<span class=\"_ _3\"></span> </div><div class=\"gs4e0\"><table class=\"s w2bb h35e\" id=\"_b1979906-1f87-49f8-9d0c-ceb633e84d91\"><tr><td></td><td></td><td></td><td></td><td class=\"t m14 x3b1 h73 y17d5 ff2 fs26 fc1 sc0 ls0 ws0\">Attivit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>finanzi<span class=\"_ _3\"></span>ar<span class=\"_ _0\"></span>ie<span class=\"_ _1\"></span> valut<span class=\"_ _3\"></span>ate al fair value co<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>im<span class=\"_ _3\"></span>patto a cont<span class=\"_ _3\"></span>o economico<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c n x3b2 y17d7 w2bc h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">di cui<span class=\"_ _3\"></span>:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3b3 y17d7 w2bd h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">di <span class=\"_ _1\"></span>cui:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3b4 y17d7 w2bc h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">di cui<span class=\"_ _3\"></span>:<span class=\"_ _4a1\"> </span></div></td><td class=\"t m14 x3b5 h73 y17d8 ff2 fs26 fc1 sc0 ls0 ws0\">Atti<span class=\"_ _1\"></span>vit\u00e0 finanz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>rie </td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m14 x3b6 h73 y17d9 ff2 fs26 fc1 sc0 ls0 ws0\">a) att<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vit<span class=\"_ _3\"></span>\u00e0 </td><td class=\"t m14 x3b7 h73 y17d9 ff2 fs26 fc1 sc0 ls0 ws0\"> b) atti<span class=\"_ _3\"></span>vit\u00e0 </td><td class=\"t m14 x3b8 h73 y17d9 ff2 fs26 fc1 sc0 ls0 ws0\">c<span class=\"_ _1\"></span>) altre att<span class=\"_ _3\"></span>ivit\u00e0 </td><td class=\"c x3b9 y17da w25 h76\"><div class=\"t m14 x3b h73 y61d ff2 fs26 fc1 sc0 ls0 ws0\">valut<span class=\"_ _3\"></span>ate al fair value<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>on </div></td><td class=\"t m14 x3ba h73 y17db ff2 fs26 fc1 sc0 ls0 ws0\">Der<span class=\"_ _1\"></span>ivati <span class=\"_ _1\"></span>di </td><td class=\"t m14 x3bb h73 y17dc ff2 fs26 fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>tivit\u00e0 mat<span class=\"_ _3\"></span>eriali<span class=\"_ _4a1\"> </span></td><td class=\"t m14 x3bc h73 y17db ff2 fs26 fc1 sc0 ls0 ws0\">Attiv<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>\u00e0 </td></tr><tr><td></td><td class=\"c n x3bd y17de w2be h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">Totale</div></td><td class=\"t m14 x3b6 h73 y17df ff2 fs26 fc1 sc0 ls0 ws0\">finanzi<span class=\"_ _1\"></span>arie </td><td class=\"t m14 x3b7 h73 y17df ff2 fs26 fc1 sc0 ls0 ws0\">finanzi<span class=\"_ _1\"></span>arie </td><td class=\"t m14 x3b8 h73 y17df ff2 fs26 fc1 sc0 ls0 ws0\">finanzi<span class=\"_ _1\"></span>arie </td><td class=\"t m14 x3b9 h73 y17e0 ff2 fs26 fc1 sc0 ls0 ws0\">impa<span class=\"_ _1\"></span>tto sulla re<span class=\"_ _3\"></span>ddi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ivit\u00e0 </td><td class=\"t m14 x3ba h73 y17e0 ff2 fs26 fc1 sc0 ls0 ws0\">cope<span class=\"_ _1\"></span>rtura<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n x3be y17de w2bf h35f\"><div class=\"t m14 x17f h75 y17dd ff2 fs26 fc1 sc0 ls0 ws0\">im<span class=\"_ _476\"></span>mater<span class=\"_ _477\"></span>i<span class=\"_ _478\"></span>ali<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m14 x3b6 h73 y17e1 ff2 fs26 fc1 sc0 ls0 ws0\">det<span class=\"_ _3\"></span>enute per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>la </td><td class=\"t m14 x3b7 h73 y17e1 ff2 fs26 fc1 sc0 ls0 ws0\">de<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ignat<span class=\"_ _3\"></span>e al </td><td class=\"t m14 x3b8 h73 y17e1 ff2 fs26 fc1 sc0 ls0 ws0\">obb<span class=\"_ _1\"></span>ligator<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ame<span class=\"_ _1\"></span>nte<span class=\"_ _1\"></span> </td><td class=\"t m14 x3bf h73 y17e2 ff2 fs26 fc1 sc0 ls0 ws0\">compl<span class=\"_ _1\"></span>essiva<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c x3b6 y17e3 w22 h74\"><div class=\"t m14 x3b h73 y613 ff2 fs26 fc1 sc0 ls0 ws0\">neg<span class=\"_ _3\"></span>oz<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>azione</div></td><td class=\"c x3b7 y17e3 w23 h74\"><div class=\"t m14 x3b h73 y613 ff2 fs26 fc1 sc0 ls0 ws0\">fair value</div></td><td class=\"c x3b8 y17e3 w24 h74\"><div class=\"t m14 x3b h73 y613 ff2 fs26 fc1 sc0 ls0 ws0\">val<span class=\"_ _3\"></span>utate al fair val<span class=\"_ _1\"></span>ue<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17e4 w2c0 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> Esistenze i<span class=\"_ _1\"></span>nizia<span class=\"_ _3\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3c0 y17e4 w2c1 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>480<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3c1 y17e4 w2c2 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>480<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17e5 w2c3 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> Aumenti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3c2 y17e5 w2c2 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>190<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3c3 y17e5 w2c2 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">23<span class=\"_ _0\"></span>.190<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17e6 w2c4 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span>. Acqui<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3c4 y17e6 w2c5 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">20.<span class=\"_ _0\"></span>647<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3c5 y17e6 w2c6 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>0.647<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17e7 w2c7 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _0\"></span>. P<span class=\"_ _1\"></span>rofitti <span class=\"_ _1\"></span>imputati<span class=\"_ _3\"></span> a:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3c6 y17e7 w2c8 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.353<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3c7 y17e7 w2c9 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">1.353<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17e8 w2ca h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _0\"></span>.1. <span class=\"_ _1\"></span>Conto Econom<span class=\"_ _1\"></span>ico<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3c8 y17e8 w2cb h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">1.353<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3c9 y17e8 w2c8 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.353<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x3ca y17e9 w2cc h360\"><div class=\"t m14 x17f h73 y17d6 ff1f fs26 fc1 sc0 ls0 ws0\">\u2212 di cui plusval<span class=\"_ _3\"></span>enze<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3cb y17e9 w2c8 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>353<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3cc y17e9 w2cd h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">1.353<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17ea w2ce h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _0\"></span>. Alt<span class=\"_ _1\"></span>re va<span class=\"_ _1\"></span>riazioni in aum<span class=\"_ _3\"></span>ento<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3cd y17ea w2c8 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>190<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3ce y17ea w2cb h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">1.190<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17eb w2cf h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> Dimi<span class=\"_ _1\"></span>nuzi<span class=\"_ _3\"></span>oni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3cf y17eb w2d0 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">(399)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3d0 y17eb w2d1 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">(399<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17ec w2d2 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">3.2<span class=\"_ _0\"></span>. Rim<span class=\"_ _1\"></span>borsi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3d1 y17ec w2d0 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">(396)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3d2 y17ec w2d3 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">(39<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17ed w2d4 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _0\"></span>. P<span class=\"_ _1\"></span>erdit<span class=\"_ _3\"></span>e imputate<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3d3 y17ed w2d5 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3d4 y17ed w2d6 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">(3<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x3ca y17ee w2d7 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">3.3.1. Conto Economi<span class=\"_ _1\"></span>co<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3d5 y17ee w2d6 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3d6 y17ee w2d8 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">(3)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x3ca y17ef w2d9 h360\"><div class=\"t m14 x17f h73 y17d6 ff1f fs26 fc1 sc0 ls0 ws0\">\u2212 di cui mi<span class=\"_ _3\"></span>nus<span class=\"_ _0\"></span>v<span class=\"_ _1\"></span>alenze<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3d7 y17ef w2d6 h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3d8 y17ef w2da h35f\"><div class=\"t m14 x17f h73 y17d6 ff2 fs26 fc1 sc0 ls0 ws0\">(3)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w2db h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span> Ri<span class=\"_ _1\"></span>manenze fina<span class=\"_ _1\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3d9 y16d8 w2c2 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">41.<span class=\"_ _0\"></span>271<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x3da y16d8 w2c2 h35f\"><div class=\"t m14 x17f h75 y17dd ff3 fs26 fc1 sc0 ls0 ws0\">41<span class=\"_ _0\"></span>.271<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4e1\">Nella <span class=\"_ _c\"> </span>tabella <span class=\"_ _c\"> </span>gli <span class=\"_ _c\"> </span>impo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ti <span class=\"_ _c\"> </span>son<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>principalmente <span class=\"_ _c\"> </span>r<span class=\"_ _1\"></span>iferiti <span class=\"_ _c\"> </span>alla <span class=\"_ _c\"> </span>movimentazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _c\"> </span>delle<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>quote  d<span class=\"_ _0\"></span>ei <span class=\"_ _c\"> </span>FIA  in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs103\">portafoglio, gestiti da An<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ma Alte<span class=\"_ _3\"></span>rn<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e e Castel<span class=\"_ _1\"></span>lo SGR, effettuate nel per<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>do di riferiment<span class=\"_ _1\"></span>o. </div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs4e3\">A.4.5.<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Attivit\u00e0 <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>passi<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>valutate <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>fair <span class=\"_ _0\"></span>value <span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>valutate <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>fair <span class=\"_ _0\"></span>value <span class=\"_ _0\"></span>su <span class=\"_ _0\"></span>base <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>ricorre<span class=\"_ _3\"></span>nte: </div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs4e4\">ripartizione per livell<span class=\"_ _0\"></span>o di fair value.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4e5\">Nella <span class=\"_ _5\"></span>tabella <span class=\"_ _b\"></span>che <span class=\"_ _5\"></span>segue, <span class=\"_ _5\"></span>le <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>passivit\u00e0 <span class=\"_ _b\"></span>finanziarie <span class=\"_ _b\"></span>non <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alutate <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>fair<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alue<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>o <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tate <span class=\"_ _b\"></span>al <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4e6\">value <span class=\"_ _f\"> </span>su  base<span class=\"_ _3\"></span>  non <span class=\"_ _f\"> </span>ricorrente, <span class=\"_ _f\"> </span>sono  s<span class=\"_ _3\"></span>uddivise  t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>i  di<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ersi <span class=\"_ _f\"> </span>livelli<span class=\"_ _1\"></span>  del<span class=\"_ _1\"></span>la  ge<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ar<span class=\"_ _1\"></span>chia  d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>fair <span class=\"_ _f\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>sopra </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4e7\">descritti. </div><div class=\"gs4e8\"><table class=\"s w2dc h361\" id=\"_5617789a-35d5-41ad-aa44-3b87806569e0\"><tr><td class=\"t m15 x2ed h79 y17f0 ff3 fs28 fc1 sc0 ls0 ws0\">Att<span class=\"_ _0\"></span>ivit<span class=\"_ _0\"></span>\u00e0/Passivit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _1\"></span>non<span class=\"_ _0\"></span> m<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>urat<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> al<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fa<span class=\"_ _0\"></span>ir value o misurat<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>al fair va<span class=\"_ _0\"></span>lue su base<span class=\"_ _1\"></span> non<span class=\"_ _0\"></span> ricorrente<span class=\"_ _4a1\"> </span></td><td></td><td></td><td class=\"c x3bf y17f1 w26 h76\"><div class=\"t m15 x3b h79 y61d ff3 fs28 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _0\"></span>le 31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c x3db y17f1 w26 h76\"><div class=\"t m15 x3b h79 y61d ff3 fs28 fc1 sc0 ls0 ws0\">Total<span class=\"_ _0\"></span>e 31.12.2023<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c n x3dc y17f3 w2dd h362\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">VB</div></td><td class=\"c n x3dd y17f3 w2de h362\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3de y17f3 w2de h362\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3df y17f3 w2de h362\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3e0 y17f3 w2df h362\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">VB<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3e1 y17f3 w2e0 h362\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3e2 y17f3 w2e1 h362\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3e3 y17f3 w2de h362\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17f5 w2e2 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">1. A<span class=\"_ _0\"></span>tti<span class=\"_ _3\"></span>vit\u00e0 finanziarie <span class=\"_ _1\"></span>va<span class=\"_ _0\"></span>lut<span class=\"_ _3\"></span>ate<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l <span class=\"_ _1\"></span>cos<span class=\"_ _1\"></span>to ammorti<span class=\"_ _1\"></span>zzato<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3e4 y17f5 w2e3 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">259.860<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x3e5 y17f5 w2e4 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">254.090<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3e6 y17f5 w2e5 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">5.770</div></td><td class=\"c n x3e7 y17f5 w2e6 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">428.13<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3e8 y17f5 w2e6 h363\" colspan=\"2\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">421.<span class=\"_ _0\"></span>042</div></td><td class=\"c n x3e9 y17f5 w2e7 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">7.09<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m15 x2ed h7a y17f6 ff2 fs28 fc1 sc0 ls0 ws0\">2. A<span class=\"_ _0\"></span>tti<span class=\"_ _3\"></span>vit\u00e0 mater<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ali detenu<span class=\"_ _3\"></span>te a sco<span class=\"_ _3\"></span>po di inv<span class=\"_ _1\"></span>estiment<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17f7 w2e8 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">3. A<span class=\"_ _0\"></span>tti<span class=\"_ _3\"></span>vit\u00e0 no<span class=\"_ _3\"></span>n corrent<span class=\"_ _1\"></span>i e grup<span class=\"_ _1\"></span>pi di <span class=\"_ _1\"></span>attivit<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> in<span class=\"_ _1\"></span> via di dismi<span class=\"_ _1\"></span>ss<span class=\"_ _1\"></span>ione<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x3ea y17f7 w2e9 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y17f8 w2ea h364\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3eb y17f8 w2eb h364\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">259.860<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x3ec y17f8 w2eb h364\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">254.090<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3ed y17f8 w2ec h364\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">5.770</div></td><td class=\"c n x3ee y17f8 w2ed h364\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">428.13<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x3ef y17f8 w2ee h364\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">421.<span class=\"_ _0\"></span>042</div></td><td class=\"c n x3f0 y17f8 w2ec h364\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">7.096<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17f9 w2ef h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">1. Passi<span class=\"_ _1\"></span>vit\u00e0 finanzi<span class=\"_ _1\"></span>arie v<span class=\"_ _0\"></span>alu<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _1\"></span> al cos<span class=\"_ _3\"></span>to ammorti<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>zato<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3f1 y17f9 w2f0 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">(800.<span class=\"_ _0\"></span>757)</div></td><td class=\"c n x3f2 y17f9 w2f1 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">(585.21<span class=\"_ _0\"></span>4)</div></td><td class=\"c n x3f3 y17f9 w2f2 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">(19<span class=\"_ _0\"></span>6.733)</div></td><td class=\"c n x3f4 y17f9 w2f3 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">(18.8<span class=\"_ _0\"></span>10)</div></td><td class=\"c n x3f5 y17f9 w2f4 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">(7<span class=\"_ _0\"></span>67.569)</div></td><td class=\"c n x3f6 y17f9 w2f4 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">(5<span class=\"_ _0\"></span>84.145)</div></td><td class=\"c n x3f7 y17f9 w2f0 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">(169.<span class=\"_ _0\"></span>759)</div></td><td class=\"c n x3f8 y17f9 w2f5 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">(13.665)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17fa w2f6 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc1 sc0 ls0 ws0\">2. Passi<span class=\"_ _1\"></span>vit\u00e0 asso<span class=\"_ _1\"></span>ciate ad<span class=\"_ _0\"></span> at<span class=\"_ _1\"></span>tivit\u00e0<span class=\"_ _1\"></span> in <span class=\"_ _1\"></span>via d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> dismi<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>one<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3f9 y17fa w2f7 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x3fa y17fa w2f7 h363\"><div class=\"t m15 x17f h7a y17f4 ff2 fs28 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w2ea h364\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x3fb y16d8 w2f8 h364\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">(800.7<span class=\"_ _0\"></span>57)</div></td><td class=\"c n x3fc y16d8 w2f8 h364\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>585.214)</div></td><td class=\"c n x3fd y16d8 w2f8 h364\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">(196.7<span class=\"_ _0\"></span>33)</div></td><td class=\"c n x3fe y16d8 w2f9 h364\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>8.810)</div></td><td class=\"c n x3ff y16d8 w2fa h364\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">(76<span class=\"_ _0\"></span>7.569)</div></td><td class=\"c n x400 y16d8 w2fa h364\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">(5<span class=\"_ _0\"></span>84.145)</div></td><td class=\"c n x401 y16d8 w2fb h364\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">(169.75<span class=\"_ _0\"></span>9)</div></td><td class=\"c n x402 y16d8 w2fc h364\"><div class=\"t m15 x17f h79 y17f2 ff3 fs28 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>13.665)<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h6e ff3 fs8 fc1 sc0 ls0 ws0 gs4e9\">Legenda: <span class=\"ff2\">V<span class=\"_ _0\"></span>B= Valore<span class=\"_ _0\"></span> di Bilancio;</span> <span class=\"ff2\">L1<span class=\"_ _0\"></span>=Livello 1<span class=\"_ _0\"></span>; L2=Livell<span class=\"_ _0\"></span>o <span class=\"_ _1\"></span>2; L<span class=\"_ _0\"></span>2=Livello <span class=\"_ _0\"></span>3. </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-453": {
   "value": "<div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs4eb\">Operazione di aggr<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>ga<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>ion<span class=\"_ _1\"></span>e di <span class=\"_ _0\"></span>Ka<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ros <span class=\"_ _3\"></span>S<span class=\"_ _0\"></span>GR<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4ec\">Il 2 maggio 2024 Anima Ho<span class=\"_ _1\"></span>lding ha acquisito <span class=\"_ _1\"></span>da Kairos Investment Mana<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ement S.p.A<span class=\"_ _3\"></span>. <span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>na quota pari </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4ed\">al 100% del capitale so<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iale di Kai<span class=\"_ _3\"></span>ro<span class=\"_ _0\"></span>s S<span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>R, a<span class=\"_ _1\"></span>d un prezzo provviso<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io pa<span class=\"_ _1\"></span>ri a Euro 19,3 milioni.<span class=\"_ _1\"></span>  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4ee\">Kairos <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _5\"></span>uno <span class=\"_ _5\"></span>dei <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rchi<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>pi\u00f9 <span class=\"_ _5\"></span>prestigiosi <span class=\"_ _5\"></span>dell\u2019asset <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>wealth <span class=\"_ _6\"></span>management <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>Italia, <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _5\"></span>una <span class=\"_ _5\"></span>gamma <span class=\"_ _6\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4ef\">prodotti e servizi o<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ientat<span class=\"_ _1\"></span>i a una clientela ad<span class=\"_ _1\"></span> alto potenziale private<span class=\"_ _1\"></span> e istituzionale.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4f0\">Come <span class=\"_ _c\"> </span>des<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritto  nel <span class=\"_ _c\"> </span>parag<span class=\"_ _1\"></span>rafo <span class=\"_ _c\"> </span>pre<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ede<span class=\"_ _1\"></span>nte <span class=\"_ _c\"> </span>\u201cAgg<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>gazioni <span class=\"_ _c\"> </span>azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ali\u201d<span class=\"_ _1\"></span>, <span class=\"_ _c\"> </span>l\u2019a<span class=\"_ _1\"></span>cquisizione  del <span class=\"_ _c\"> </span>control<span class=\"_ _1\"></span>lo  d<span class=\"_ _0\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4f1\">Kairos <span class=\"_ _d\"> </span>SGR <span class=\"_ _15\"> </span>si <span class=\"_ _1f\"> </span>configura <span class=\"_ _15\"> </span>come <span class=\"_ _15\"> </span>una <span class=\"_ _15\"> </span>b<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>siness <span class=\"_ _15\"> </span>combinatio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>, <span class=\"_ _15\"> </span>da <span class=\"_ _15\"> </span>contabilizzarsi <span class=\"_ _1f\"> </span>in <span class=\"_ _d\"> </span>base <span class=\"_ _15\"> </span>all\u2019IFRS <span class=\"_ _15\"> </span>3 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4f2\">applicando il \u201cmetodo dell\u2019acquisizi<span class=\"_ _1\"></span>one\u201d. Pertanto, come prevede l\u2019IFRS 3, alla data dell\u2019acquisizione \u00e8 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4f3\">necessario procede<span class=\"_ _1\"></span>re a:  </div><div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs4f4\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">identifi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>are l\u2019ac<span class=\"_ _1\"></span>quirente e la data del<span class=\"_ _1\"></span>l\u2019acquisizione; </span></span></div><div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs4f5\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">determinare <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _1\"></span>costo dell\u2019acquisizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span>;  </span></span></div><div class=\"t m1 h7 ff1c fs5 fc1 sc0 ls0 ws0 gs4f6\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">a<span class=\"_ _1\"></span>lloc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>costo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisizi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>(<span class=\"_ _0\"></span>PPA) <span class=\"_ _0\"></span>rilevando <span class=\"_ _b\"></span>le<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>attivit\u00e0, <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>passivit\u00e0 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>passivit\u00e0 <span class=\"_ _b\"></span>potenzi<span class=\"_ _0\"></span>ali </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4f7\">identificabili <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>societ\u00e0 <span class=\"_ _b\"></span>acquisita <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>fair<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>value <span class=\"_ _b\"></span>alla <span class=\"_ _b\"></span>data <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>acquisizione. <span class=\"_ _0\"></span>Devono <span class=\"_ _0\"></span>inol<span class=\"_ _0\"></span>tre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4f8\">essere iscritte eve<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tuali at<span class=\"_ _1\"></span>tivit\u00e0 immateriali an<span class=\"_ _1\"></span>corch\u00e9 non <span class=\"_ _1\"></span>gi\u00e0 rilevate dal s<span class=\"_ _1\"></span>oggetto acquisit<span class=\"_ _1\"></span>o. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4f9\">Nell\u2019 <span class=\"_ _1\"></span>operazione <span class=\"_ _3\"></span>di a<span class=\"_ _1\"></span>cquisizione <span class=\"_ _3\"></span>di Kair<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>s <span class=\"_ _1\"></span>SGR <span class=\"_ _3\"></span>l\u2019acq<span class=\"_ _1\"></span>uir<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>\u00e8 A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima<span class=\"_ _1\"></span> Ho<span class=\"_ _1\"></span>lding, <span class=\"_ _3\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>maggio <span class=\"_ _1\"></span>2024, <span class=\"_ _1\"></span>data </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4fa\">in <span class=\"_ _b\"></span>cui <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>perfezionata <span class=\"_ _0\"></span>l\u2019operazione <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>previo <span class=\"_ _0\"></span>otteni<span class=\"_ _1\"></span>mento <span class=\"_ _0\"></span>delle <span class=\"_ _b\"></span>a<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>torizzaz<span class=\"_ _1\"></span>ioni <span class=\"_ _0\"></span>previste <span class=\"_ _0\"></span>dalle <span class=\"_ _b\"></span>A<span class=\"_ _1\"></span>utorit\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4fb\">di <span class=\"_ _b\"></span>Vigilanza, <span class=\"_ _b\"></span>ha <span class=\"_ _b\"></span>acquisito <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>controllo <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Kairo<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>ai <span class=\"_ _b\"></span>sensi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ell\u2019IFRS <span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>con <span class=\"_ _b\"></span>conseguente <span class=\"_ _b\"></span>obbligo <span class=\"_ _b\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4fc\">includerla <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>perimetr<span class=\"_ _3\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>consolidame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _0\"></span>accogliendo <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ultato <span class=\"_ _b\"></span>economico<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>societ\u00e0 <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>partire </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4fd\">da tale data.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4fe\">Per <span class=\"_ _b\"></span>effettuare <span class=\"_ _0\"></span>l\u2019operazione <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>aggregazione <span class=\"_ _b\"></span>azie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ale, <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>Holding <span class=\"_ _0\"></span>ha <span class=\"_ _b\"></span>sostenuto <span class=\"_ _0\"></span>costi <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>circa </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4ff\">Euro <span class=\"_ _f\"> </span>0,8 <span class=\"_ _6\"></span>mi<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>oni <span class=\"_ _f\"></span>(per <span class=\"_ _6\"></span>consulenze <span class=\"_ _f\"> </span>ed <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>mp<span class=\"_ _3\"></span>oste <span class=\"_ _f\"> </span>indirette) <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no<span class=\"_ _3\"></span>  sta<span class=\"_ _3\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ati <span class=\"_ _6\"></span>nel <span class=\"_ _f\"> </span>conto <span class=\"_ _f\"> </span>e<span class=\"_ _1\"></span>conomico </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs500\">consolidato <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ca <span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro <span class=\"_ _b\"></span>0,5 <span class=\"_ _0\"></span>milioni <span class=\"_ _0\"></span>nell\u2019esercizio <span class=\"_ _0\"></span>2023<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro <span class=\"_ _b\"></span>0,3 <span class=\"_ _0\"></span>milioni <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio <span class=\"_ _0\"></span>2024,<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs501\">com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>chiesto dall\u2019IFRS 3<span class=\"_ _3\"></span>. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs502\">Succ<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>del <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>osing, <span class=\"_ _6\"></span>so<span class=\"_ _0\"></span>no <span class=\"_ _6\"></span>state <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>erifi<span class=\"_ _1\"></span>cate <span class=\"_ _f\"></span>ta<span class=\"_ _1\"></span>lun<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>clausole <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>uali <span class=\"_ _f\"> </span>che <span class=\"_ _6\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs503\">determinato <span class=\"_ _f\"> </span>un<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>aggiustamento <span class=\"_ _f\"> </span>in  riduzione <span class=\"_ _f\"> </span>del  prezzo <span class=\"_ _f\"> </span>corrisposto  dal<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>Soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>irca <span class=\"_ _f\"> </span>Euro  0,7<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs504\">milioni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs505\">Con <span class=\"_ _f\"> </span>riferime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _6\"></span>all\u2019<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>locazione <span class=\"_ _f\"> </span>del <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>osto <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>acquis<span class=\"_ _3\"></span>izio<span class=\"_ _0\"></span>ne <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>alla <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazion<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>fair <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>att<span class=\"_ _1\"></span>ivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _6\"></span>e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs506\">passivit\u00e0 ac<span class=\"_ _0\"></span>q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>isite e <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>potenz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ali nuovi attivit\u00e0 <span class=\"_ _0\"></span>inta<span class=\"_ _3\"></span>ng<span class=\"_ _0\"></span>ibil<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>non gi\u00e0 iscritte nel<span class=\"_ _0\"></span> bilancio di <span class=\"_ _0\"></span>Kairos SGR, <span class=\"_ _0\"></span>il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs508\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  si <span class=\"_ _c\"> </span>\u00e8  avv<span class=\"_ _0\"></span>als<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  d<span class=\"_ _0\"></span>ella  f<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olt\u00e0  prevista <span class=\"_ _c\"> </span>dal  paragr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o <span class=\"_ _c\"> </span>4<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>  d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019IFRS  3<span class=\"_ _0\"></span>  che <span class=\"_ _c\"> </span>co<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>de <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>soggetto<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs509\">acquirente 12 mesi dalla <span class=\"_ _3\"></span>data di acquisizione per c<span class=\"_ _1\"></span>ompletare in via <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>efinit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>va il p<span class=\"_ _1\"></span>rocesso di PPA.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs50a\">Il <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>osto <span class=\"_ _16\"> </span>dell\u2019a<span class=\"_ _1\"></span>cquisizione, <span class=\"_ _16\"> </span>pari <span class=\"_ _1f\"> </span>al <span class=\"_ _16\"> </span>corrispettiv<span class=\"_ _1\"></span>o <span class=\"_ _1f\"> </span>trasferito <span class=\"_ _16\"> </span>alla <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>ac<span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uisizione <span class=\"_ _16\"> </span>al <span class=\"_ _1f\"> </span>netto <span class=\"_ _16\"> </span>degli </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs50b\">aggiustamenti <span class=\"_ _b\"></span>prezzo, <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>importo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>circ<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>1<span class=\"_ _0\"></span>8,6 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>il<span class=\"_ _1\"></span>ioni <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>pertanto <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alore <span class=\"_ _b\"></span>complessivo <span class=\"_ _b\"></span>da </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs50c\">allocare ai sensi <span class=\"_ _1\"></span>dell\u2019IFRS 3. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs50d\">Definito <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>costo <span class=\"_ _5\"></span>dell\u2019acquisizione <span class=\"_ _b\"></span>complessivo, <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>possibile <span class=\"_ _5\"></span>determinare <span class=\"_ _5\"></span>un <span class=\"_ _5\"></span>badwill <span class=\"_ _5\"></span>provviso<span class=\"_ _1\"></span>ri<span class=\"_ _0\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs50e\">pari <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>8,7 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>ilioni <span class=\"_ _b\"></span>(calcolato <span class=\"_ _b\"></span>considerando <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>Patrimonio <span class=\"_ _b\"></span>Netto <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Kairos <span class=\"_ _5\"></span>SGR <span class=\"_ _5\"></span>alla <span class=\"_ _b\"></span>data <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs50f\">closing <span class=\"_ _0\"></span>pari a <span class=\"_ _0\"></span>circa Euro<span class=\"_ _0\"></span> 27,3 m<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ioni), che <span class=\"_ _0\"></span>sar\u00e0 ev<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tualmente rettificato in <span class=\"_ _0\"></span>sede <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>PPA per <span class=\"_ _0\"></span>tenere in </div><div class=\"t m1 h8 ff2 fs2 fc1 sc0 ls0 ws0 gs510\">considerazione il fai<span class=\"_ _1\"></span>r value delle atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 e pa<span class=\"_ _1\"></span>ssivit\u00e0 acquisite.<span class=\"ff3\"> </span></div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs511\">Operazione di con<span class=\"_ _1\"></span>ferimento ramo az<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>enda <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>Vit<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> Srl </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs512\">In <span class=\"_ _5\"></span>data <span class=\"_ _b\"></span>24 <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>naio <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>024,<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>Castello <span class=\"_ _b\"></span>SGR <span class=\"_ _b\"></span>ha <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ostit<span class=\"_ _1\"></span>uito <span class=\"_ _5\"></span>la <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _b\"></span>Vita <span class=\"_ _5\"></span>Srl, <span class=\"_ _5\"></span>con <span class=\"_ _b\"></span>l\u2019obiettivo <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>crear<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>una </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs513\">piattaforma <span class=\"_ _0\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>gestione <span class=\"_ _0\"></span>profess<span class=\"_ _3\"></span>ionale <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>immobili <span class=\"_ _0\"></span>residenzial<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> destin<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>alla<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>locazione<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>(c.d. <span class=\"_ _0\"></span>settore<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs514\">Multifamily <span class=\"ff2\">o </span>Build-<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o-Rent<span class=\"ff2\">).<span class=\"_ _3\"></span> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs515\">In <span class=\"_ _0\"></span>data 25 luglio 2024 h<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>avuto luogo l\u2019aumento di capitale d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Vita S<span class=\"_ _1\"></span>rl, <span class=\"_ _0\"></span>a seguito del quale sono <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>trati </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs516\">all\u2019interno <span class=\"_ _5\"></span>della <span class=\"_ _b\"></span>compagine <span class=\"_ _5\"></span>sociale <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>controllata <span class=\"_ _b\"></span>ind<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>retta <span class=\"_ _b\"></span>C<span class=\"_ _0\"></span>ompa<span class=\"_ _1\"></span>ss <span class=\"_ _5\"></span>Rock <span class=\"_ _b\"></span>Real <span class=\"_ _5\"></span>Estate <span class=\"_ _5\"></span>Ltd <span class=\"_ _b\"></span>(2,95<span class=\"_ _0\"></span>%<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs517\">quo<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span> li<span class=\"_ _1\"></span>berata i<span class=\"_ _3\"></span>n contant<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>) <span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>Halldis <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>1% <span class=\"_ _3\"></span>quota <span class=\"_ _3\"></span>li<span class=\"_ _0\"></span>be<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ata <span class=\"_ _3\"></span>il 6<span class=\"_ _3\"></span> agosto<span class=\"_ _1\"></span> at<span class=\"_ _1\"></span>traverso <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onferi<span class=\"_ _1\"></span>mento <span class=\"_ _1\"></span>del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs518\">ramo <span class=\"_ _f\"> </span>d\u2019azienda <span class=\"_ _6\"></span>operativo, <span class=\"_ _6\"></span>attivo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _6\"></span>gestione <span class=\"_ _6\"></span>prof<span class=\"_ _0\"></span>ess<span class=\"_ _1\"></span>ionale <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>immobili <span class=\"_ _6\"></span>resid<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziali <span class=\"_ _6\"></span>destinati <span class=\"_ _6\"></span>all<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs519\">loc<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione). <span class=\"_ _0\"></span>In data <span class=\"_ _0\"></span>6 <span class=\"_ _0\"></span>agosto <span class=\"_ _0\"></span>2024 <span class=\"_ _0\"></span>Hal<span class=\"_ _1\"></span>ldis <span class=\"_ _0\"></span>S.p.A. <span class=\"_ _0\"></span>ha<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>contestualmente<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>ceduto <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Castello<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>qu<span class=\"_ _1\"></span>ota </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs51a\">pari <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0% <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le <span class=\"_ _0\"></span>sociale <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>Vita <span class=\"_ _0\"></span>Srl <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span> corrispettivo <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>ontanti <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>Eu<span class=\"_ _0\"></span>ro <span class=\"_ _0\"></span>2,6 <span class=\"_ _0\"></span>milioni <span class=\"_ _b\"></span>(cfr. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs51b\">comunicato stampa <span class=\"_ _0\"></span>\u201cIl Gruppo Anima <span class=\"_ _0\"></span>ac<span class=\"_ _1\"></span>quisisce le attivi<span class=\"_ _0\"></span>t\u00e0 di Halldis\u201d d<span class=\"_ _0\"></span>el 7 <span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>osto 2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>24). <span class=\"_ _0\"></span>A seguito di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs51c\">tale operazione, al 31 <span class=\"_ _1\"></span>dicembre 2024, <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>astell<span class=\"_ _1\"></span>o SGR detiene il 76,<span class=\"_ _1\"></span>05% del capita<span class=\"_ _1\"></span>le di Vita Srl. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs51d\">Si <span class=\"_ _b\"></span>ev<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>denzia <span class=\"_ _b\"></span>che <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>conferimento <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>\u2019azien<span class=\"_ _1\"></span>da <span class=\"_ _b\"></span>si <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nfigura <span class=\"_ _b\"></span>come <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>business <span class=\"_ _b\"></span>combination, <span class=\"_ _b\"></span>da </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs51e\">contabilizzarsi in base al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019IFRS <span class=\"_ _1\"></span>3 applicando il <span class=\"_ _1\"></span>\u201cmetodo dell\u2019acq<span class=\"_ _1\"></span>uisizione\u201d.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs51f\">Pertanto, <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>determinato che <span class=\"_ _b\"></span>la d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>acquisizio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>identifica <span class=\"_ _0\"></span>il m<span class=\"_ _0\"></span>omento<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>partire <span class=\"_ _0\"></span>dalla <span class=\"_ _0\"></span>quale <span class=\"_ _0\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs520\">risultati d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> ramo acquisito <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no inclusi linea per <span class=\"_ _0\"></span>lin<span class=\"_ _3\"></span>ea <span class=\"_ _0\"></span>nella <span class=\"_ _0\"></span>situaz<span class=\"_ _1\"></span>ione contabile di <span class=\"_ _0\"></span>Vita Srl, \u00e8 <span class=\"_ _0\"></span>stata il 6 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs521\">agosto 2024.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs522\">Inoltre, <span class=\"_ _f\"> </span>per<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>completare <span class=\"_ _6\"></span>l\u2019operazione, <span class=\"_ _5\"></span>sono <span class=\"_ _6\"></span>stati <span class=\"_ _f\"> </span>sost<span class=\"_ _1\"></span>enuti <span class=\"_ _6\"></span>costi <span class=\"_ _f\"> </span>per <span class=\"_ _6\"></span>circa <span class=\"_ _6\"></span>Euro <span class=\"_ _f\"> </span>0<span class=\"_ _1\"></span>,3 <span class=\"_ _6\"></span>milioni <span class=\"_ _f\"> </span>(<span class=\"_ _1\"></span>relativi <span class=\"_ _f\"> </span>a<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs523\">consulenze), che so<span class=\"_ _1\"></span>no stati rilevati nel <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> economico d<span class=\"_ _1\"></span>i Vita Srl. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs524\">Il <span class=\"_ _b\"></span>valore <span class=\"_ _b\"></span>economico <span class=\"_ _b\"></span>attribuito <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>ramo <span class=\"_ _b\"></span>conferito <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _0\"></span>stato <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>circa <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>3,3 <span class=\"_ _b\"></span>milioni, <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>31 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cembr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs525\">2024 <span class=\"_ _1f\"> </span>ha <span class=\"_ _16\"> </span>comportato <span class=\"_ _16\"> </span>la <span class=\"_ _16\"> </span>rilevazione <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>u<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>av<span class=\"_ _0\"></span>v<span class=\"_ _1\"></span>iamento <span class=\"_ _1f\"> </span>provviso<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io <span class=\"_ _16\"> </span>pari <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>ci<span class=\"_ _0\"></span>rca <span class=\"_ _16\"> </span>Euro <span class=\"_ _16\"> </span>2,6 <span class=\"_ _16\"> </span>milioni, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs526\">ammontare <span class=\"_ _5\"></span>determinat<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>considerando <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>netto <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>passi<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _5\"></span>conf<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ite<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>al <span class=\"_ _5\"></span>6 <span class=\"_ _6\"></span>agosto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs527\">2024 pari a circa Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o 0,7 milio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs528\">Inoltre, <span class=\"_ _b\"></span>sempre <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>data <span class=\"_ _0\"></span>6 <span class=\"_ _b\"></span>agosto <span class=\"_ _0\"></span>2024, <span class=\"_ _b\"></span>Castello <span class=\"_ _0\"></span>SGR <span class=\"_ _b\"></span>ha<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>sottoscritto <span class=\"_ _0\"></span>un <span class=\"_ _b\"></span>patto <span class=\"_ _b\"></span>paras<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciale <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>Halld<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>s </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs529\">S.p.A. <span class=\"_ _f\"> </span>nell\u2019ambito <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>q<span class=\"_ _0\"></span>uale <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iplinata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>l\u2019o<span class=\"_ _0\"></span>pz<span class=\"_ _1\"></span>ione <span class=\"_ _f\"></span>di <span class=\"_ _f\"> </span>Acquisto <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>di <span class=\"_ _f\"></span>Vend<span class=\"_ _1\"></span>ita <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>residuale <span class=\"_ _f\"> </span>21% <span class=\"_ _f\"> </span>del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs52a\">capitale sociale di Vita S<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>l deten<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>to da Hall<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>is S.p.A.<span class=\"_ _3\"></span> (<span class=\"_ _0\"></span>\u201cquota d<span class=\"_ _1\"></span>i minoranza\u201d). <span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs52b\">In particolare, in forza dell\u2019opzione di vendita, Castello SGR ha riconosci<span class=\"_ _1\"></span>uto a Halld<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>s S.p.A. il d<span class=\"_ _0\"></span>iritto di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs52c\">venderle le <span class=\"_ _3\"></span>quota di <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>noranza in <span class=\"_ _1\"></span>suo p<span class=\"_ _3\"></span>ossesso, o<span class=\"_ _1\"></span>bbligandosi <span class=\"_ _3\"></span>pertanto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>irrevocabilmente <span class=\"_ _3\"></span>ad acquistare </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs52d\">le <span class=\"_ _c\"> </span>az<span class=\"_ _1\"></span>ioni  stesse  da <span class=\"_ _c\"> </span>Halldi<span class=\"_ _1\"></span>s <span class=\"_ _c\"> </span>S.p<span class=\"_ _1\"></span>.A.; <span class=\"_ _c\"> </span>sp<span class=\"_ _1\"></span>ecula<span class=\"_ _1\"></span>rmente,  tramite  l<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>opzione  di  ac<span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uisto,  Castello  SGR  si <span class=\"_ _c\"> </span>\u00e8 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs52e\">assicurata <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritto a<span class=\"_ _1\"></span>ll'acquist<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>della <span class=\"_ _3\"></span>quota <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>m<span class=\"_ _0\"></span>inor<span class=\"_ _1\"></span>anza <span class=\"_ _3\"></span>detenu<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>Halldis <span class=\"_ _3\"></span>S.p.A., <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>corr<span class=\"_ _0\"></span>isp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>dente </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs52f\">obbligo <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>dita <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>arico <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>quest\u2019ultima. <span class=\"_ _5\"></span>Entr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>mbe <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>pzio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>prevedono <span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>corresponsione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>un </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs530\">prezzo in denaro.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs531\">Le <span class=\"_ _0\"></span>opzioni possono <span class=\"_ _0\"></span>essere esercitate <span class=\"_ _0\"></span>dai rispettivi aven<span class=\"_ _0\"></span>ti diritto <span class=\"_ _0\"></span>su b<span class=\"_ _0\"></span>ase discrezionale a <span class=\"_ _0\"></span>partire <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>5\u00b0<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs532\">anniversario dalla s<span class=\"_ _1\"></span>ottoscrizione de<span class=\"_ _1\"></span>l patto parasoci<span class=\"_ _1\"></span>ale (7 agosto 2029<span class=\"_ _1\"></span>).  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs533\">Al <span class=\"_ _0\"></span>31 dicembre 2024, per <span class=\"_ _0\"></span>effett<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>delle opzioni di <span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uisto <span class=\"_ _0\"></span>e Vendita, \u00e8 stata <span class=\"_ _0\"></span>evidenziata<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>nel presente </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs534\">Bilancio <span class=\"_ _0\"></span>consolidato <span class=\"_ _0\"></span>l\u2019obbligazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>assunta <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>Cast<span class=\"_ _3\"></span>ell<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>attraverso<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>rilev<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>i u<span class=\"_ _0\"></span>na <span class=\"_ _0\"></span>passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs535\">fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tificata <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _0\"></span>Euro <span class=\"_ _b\"></span>4,4 <span class=\"_ _0\"></span>milioni <span class=\"_ _b\"></span>(import<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>iscritto <span class=\"_ _0\"></span>nella <span class=\"_ _b\"></span>voce <span class=\"_ _0\"></span>\u201c10. <span class=\"_ _b\"></span>Passivit\u00e0 <span class=\"_ _0\"></span>finanziarie </div><div class=\"t m1 h8 ff2 fs2 fc1 sc0 ls0 ws0 gs536\">valutate al costo amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtizz<span class=\"_ _1\"></span>ato \u2013 a) debiti\u201d). <span class=\"_ _3\"></span><span class=\"ff3\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-454": {
   "value": "Informativa sui settori operativi (IFR<span class=\"_ _0\"></span>S 8)<span class=\"_ _3\"></span> L\u2019attivit\u00e0 <span class=\"_ _16\"> </span>del <span class=\"_ _c\"> </span>G<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>uppo <span class=\"_ _16\"> </span>Anima, <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>icond<span class=\"_ _1\"></span>ucibile <span class=\"_ _16\"> </span>alle <span class=\"_ _c\"> </span>soci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>co<span class=\"_ _1\"></span>ntrollate <span class=\"_ _16\"> </span>operative <span class=\"_ _c\"> </span>An<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>SGR, <span class=\"_ _16\"> </span>Anima Alternative, <span class=\"_ _6\"></span>Kairos <span class=\"_ _f\"> </span>SGR, <span class=\"_ _6\"></span>Castello <span class=\"_ _6\"></span>SGR<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>controllata, <span class=\"_ _f\"> </span>ciasc<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>na <span class=\"_ _6\"></span>specializzata <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _6\"></span>promozione <span class=\"_ _f\"> </span>e<span class=\"_ _1\"></span> gestione  di<span class=\"_ _1\"></span>  prodotti  finanz<span class=\"_ _1\"></span>iari,  fa  rife<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imento<span class=\"_ _1\"></span>  ad  un  unico<span class=\"_ _1\"></span>  settore <span class=\"_ _f\"> </span>o<span class=\"_ _0\"></span>perativ<span class=\"_ _1\"></span>o.  Infatti,  la<span class=\"_ _1\"></span>  natura  dei<span class=\"_ _1\"></span> prodotti <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>servizi <span class=\"_ _6\"></span>off<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ti, <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>struttura <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>processi <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _5\"></span>ed <span class=\"_ _6\"></span>operativi <span class=\"_ _5\"></span>nonch<span class=\"_ _0\"></span>\u00e9 <span class=\"_ _b\"></span>la <span class=\"_ _6\"></span>tipologia <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la clientela non <span class=\"_ _0\"></span>prese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tano aspetti di<span class=\"_ _0\"></span> diffe<span class=\"_ _1\"></span>renziazione tali <span class=\"_ _0\"></span>da determinare rischi o b<span class=\"_ _0\"></span>ene<span class=\"_ _1\"></span>fici <span class=\"_ _0\"></span>dive<span class=\"_ _1\"></span>rsi m<span class=\"_ _0\"></span>a, al contrario, presenta<span class=\"_ _1\"></span>no molti aspetti sim<span class=\"_ _1\"></span>ilari e di cor<span class=\"_ _1\"></span>relazione tra lor<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>. Tutte <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>et\u00e0 del <span class=\"_ _0\"></span>Gruppo, <span class=\"_ _0\"></span>pur <span class=\"_ _0\"></span>operando <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>piena <span class=\"_ _0\"></span>autonomia <span class=\"_ _0\"></span>sotto <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>direzi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>d <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>coordinamento<span class=\"_ _1\"></span> di <span class=\"_ _0\"></span>Anima <span class=\"_ _0\"></span>H<span class=\"_ _1\"></span>olding, <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ndividuate <span class=\"_ _0\"></span>sotto <span class=\"_ _0\"></span>un\u2019<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>nica<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>CGU, <span class=\"_ _0\"></span>complessivame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te ded<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cata <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>gestione<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>del risparmio <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>i<span class=\"_ _3\"></span>n <span class=\"_ _f\"> </span>grado <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>gen<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>are<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>flussi<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>red<span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>assa,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _5\"></span>un\u2019esposizione <span class=\"_ _6\"></span>dei <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>isultati <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle performance azie<span class=\"_ _1\"></span>ndali che non preve<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e un rep<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtin<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span> separato (<span class=\"_ _1\"></span>\u201csegment repo<span class=\"_ _1\"></span>rting\u201d). Conseguentemente,<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>le <span class=\"_ _0\"></span>informazioni <span class=\"_ _0\"></span>contabili <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>state <span class=\"_ _b\"></span>pre<span class=\"_ _1\"></span>sentate <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>forma <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>setto<span class=\"_ _1\"></span>ri operativi, <span class=\"_ _b\"></span>co<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ente<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>si<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>ma <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>reporting <span class=\"_ _b\"></span>interno <span class=\"_ _b\"></span>utilizzat<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>dal <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>t <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>basato <span class=\"_ _b\"></span>sui dati <span class=\"_ _3\"></span>contabili <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>suddette <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>tilizzati <span class=\"_ _3\"></span>per <span class=\"_ _8\"></span>la <span class=\"_ _3\"></span>redazion<span class=\"_ _0\"></span>e <span class=\"_ _8\"></span>del <span class=\"_ _1\"></span>Bilancio <span class=\"_ _3\"></span>consoli<span class=\"_ _1\"></span>dato <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>atto <span class=\"_ _3\"></span>se<span class=\"_ _1\"></span>condo cri<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i IF<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>S.<span class=\"_ _3\"></span> Analogamente, <span class=\"_ _b\"></span>non <span class=\"_ _5\"></span>vengono <span class=\"_ _b\"></span>fornite <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>nfo<span class=\"_ _1\"></span>rmazioni <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>merito <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>ricavi <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>on <span class=\"_ _b\"></span>correnti distinti p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>area <span class=\"_ _3\"></span>geogr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>fica, n\u00e9 <span class=\"_ _3\"></span>informazioni <span class=\"_ _1\"></span>circa <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rado <span class=\"_ _3\"></span>di dipe<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>denza <span class=\"_ _3\"></span>dai client<span class=\"_ _1\"></span>i medes<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mi, <span class=\"_ _3\"></span>in q<span class=\"_ _1\"></span>uanto ritenute di scarsa rileva<span class=\"_ _3\"></span>nza informativa dal manage<span class=\"_ _1\"></span>ment. Pertanto, <span class=\"_ _e\"> </span>esse<span class=\"_ _1\"></span>ndoci <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>fatto <span class=\"_ _e\"> </span>un <span class=\"_ _d\"> </span>unico <span class=\"_ _e\"> </span>settore <span class=\"_ _15\"> </span>o<span class=\"_ _0\"></span>ggetto <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>informativa, <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _d\"> </span>riguarda <span class=\"_ _d\"> </span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> informazioni  in  merito  ai  ricavi  da  client<span class=\"_ _1\"></span>i  distinti  per  prodotto/servizio  si  pu<span class=\"_ _3\"></span>\u00f2<span class=\"_ _0\"></span>  fare  riferime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to  al dettaglio <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>missioni <span class=\"_ _0\"></span>attive <span class=\"_ _0\"></span>riportato <span class=\"_ _0\"></span>nell\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>mbito <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>informazioni <span class=\"_ _0\"></span>sul <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>economico <span class=\"_ _0\"></span>della presente Nota inte<span class=\"_ _1\"></span>gr<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a c<span class=\"_ _1\"></span>onsolidata.",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-25": {
   "value": "Informativa sui settori operativi (IFR<span class=\"_ _0\"></span>S 8)<span class=\"_ _3\"></span> L\u2019attivit\u00e0 <span class=\"_ _16\"> </span>del <span class=\"_ _c\"> </span>G<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>uppo <span class=\"_ _16\"> </span>Anima, <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>icond<span class=\"_ _1\"></span>ucibile <span class=\"_ _16\"> </span>alle <span class=\"_ _c\"> </span>soci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>co<span class=\"_ _1\"></span>ntrollate <span class=\"_ _16\"> </span>operative <span class=\"_ _c\"> </span>An<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>SGR, <span class=\"_ _16\"> </span>Anima Alternative, <span class=\"_ _6\"></span>Kairos <span class=\"_ _f\"> </span>SGR, <span class=\"_ _6\"></span>Castello <span class=\"_ _6\"></span>SGR<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>controllata, <span class=\"_ _f\"> </span>ciasc<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>na <span class=\"_ _6\"></span>specializzata <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _6\"></span>promozione <span class=\"_ _f\"> </span>e<span class=\"_ _1\"></span> gestione  di<span class=\"_ _1\"></span>  prodotti  finanz<span class=\"_ _1\"></span>iari,  fa  rife<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imento<span class=\"_ _1\"></span>  ad  un  unico<span class=\"_ _1\"></span>  settore <span class=\"_ _f\"> </span>o<span class=\"_ _0\"></span>perativ<span class=\"_ _1\"></span>o.  Infatti,  la<span class=\"_ _1\"></span>  natura  dei<span class=\"_ _1\"></span> prodotti <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>servizi <span class=\"_ _6\"></span>off<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ti, <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>struttura <span class=\"_ _6\"></span>dei <span class=\"_ _6\"></span>processi <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _5\"></span>ed <span class=\"_ _6\"></span>operativi <span class=\"_ _5\"></span>nonch<span class=\"_ _0\"></span>\u00e9 <span class=\"_ _b\"></span>la <span class=\"_ _6\"></span>tipologia <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la clientela non <span class=\"_ _0\"></span>prese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tano aspetti di<span class=\"_ _0\"></span> diffe<span class=\"_ _1\"></span>renziazione tali <span class=\"_ _0\"></span>da determinare rischi o b<span class=\"_ _0\"></span>ene<span class=\"_ _1\"></span>fici <span class=\"_ _0\"></span>dive<span class=\"_ _1\"></span>rsi m<span class=\"_ _0\"></span>a, al contrario, presenta<span class=\"_ _1\"></span>no molti aspetti sim<span class=\"_ _1\"></span>ilari e di cor<span class=\"_ _1\"></span>relazione tra lor<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>. Tutte <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>et\u00e0 del <span class=\"_ _0\"></span>Gruppo, <span class=\"_ _0\"></span>pur <span class=\"_ _0\"></span>operando <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>piena <span class=\"_ _0\"></span>autonomia <span class=\"_ _0\"></span>sotto <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>direzi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>d <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>coordinamento<span class=\"_ _1\"></span> di <span class=\"_ _0\"></span>Anima <span class=\"_ _0\"></span>H<span class=\"_ _1\"></span>olding, <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ndividuate <span class=\"_ _0\"></span>sotto <span class=\"_ _0\"></span>un\u2019<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>nica<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>CGU, <span class=\"_ _0\"></span>complessivame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te ded<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cata <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>gestione<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>del risparmio <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>i<span class=\"_ _3\"></span>n <span class=\"_ _f\"> </span>grado <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>gen<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>are<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>flussi<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>red<span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>assa,<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _5\"></span>un\u2019esposizione <span class=\"_ _6\"></span>dei <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>isultati <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>delle performance azie<span class=\"_ _1\"></span>ndali che non preve<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e un rep<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtin<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span> separato (<span class=\"_ _1\"></span>\u201csegment repo<span class=\"_ _1\"></span>rting\u201d). Conseguentemente,<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>le <span class=\"_ _0\"></span>informazioni <span class=\"_ _0\"></span>contabili <span class=\"_ _0\"></span>non <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>state <span class=\"_ _b\"></span>pre<span class=\"_ _1\"></span>sentate <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>forma <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>setto<span class=\"_ _1\"></span>ri operativi, <span class=\"_ _b\"></span>co<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ente<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>si<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>ma <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>reporting <span class=\"_ _b\"></span>interno <span class=\"_ _b\"></span>utilizzat<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>dal <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>t <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>basato <span class=\"_ _b\"></span>sui dati <span class=\"_ _3\"></span>contabili <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>suddette <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>tilizzati <span class=\"_ _3\"></span>per <span class=\"_ _8\"></span>la <span class=\"_ _3\"></span>redazion<span class=\"_ _0\"></span>e <span class=\"_ _8\"></span>del <span class=\"_ _1\"></span>Bilancio <span class=\"_ _3\"></span>consoli<span class=\"_ _1\"></span>dato <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>atto <span class=\"_ _3\"></span>se<span class=\"_ _1\"></span>condo cri<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i IF<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>S.<span class=\"_ _3\"></span> Analogamente, <span class=\"_ _b\"></span>non <span class=\"_ _5\"></span>vengono <span class=\"_ _b\"></span>fornite <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>nfo<span class=\"_ _1\"></span>rmazioni <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>merito <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>ricavi <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>on <span class=\"_ _b\"></span>correnti distinti p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>area <span class=\"_ _3\"></span>geogr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>fica, n\u00e9 <span class=\"_ _3\"></span>informazioni <span class=\"_ _1\"></span>circa <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rado <span class=\"_ _3\"></span>di dipe<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>denza <span class=\"_ _3\"></span>dai client<span class=\"_ _1\"></span>i medes<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mi, <span class=\"_ _3\"></span>in q<span class=\"_ _1\"></span>uanto ritenute di scarsa rileva<span class=\"_ _3\"></span>nza informativa dal manage<span class=\"_ _1\"></span>ment. Pertanto, <span class=\"_ _e\"> </span>esse<span class=\"_ _1\"></span>ndoci <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>fatto <span class=\"_ _e\"> </span>un <span class=\"_ _d\"> </span>unico <span class=\"_ _e\"> </span>settore <span class=\"_ _15\"> </span>o<span class=\"_ _0\"></span>ggetto <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>informativa, <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _d\"> </span>riguarda <span class=\"_ _d\"> </span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> informazioni  in  merito  ai  ricavi  da  client<span class=\"_ _1\"></span>i  distinti  per  prodotto/servizio  si  pu<span class=\"_ _3\"></span>\u00f2<span class=\"_ _0\"></span>  fare  riferime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to  al dettaglio <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>missioni <span class=\"_ _0\"></span>attive <span class=\"_ _0\"></span>riportato <span class=\"_ _0\"></span>nell\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>mbito <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>informazioni <span class=\"_ _0\"></span>sul <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>economico <span class=\"_ _0\"></span>della presente Nota inte<span class=\"_ _1\"></span>gr<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a c<span class=\"_ _1\"></span>onsolidata.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-455": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs538\">Utile per azione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs539\">L\u2019utile <span class=\"_ _0\"></span>per azione <span class=\"_ _0\"></span>\u00e8 stato <span class=\"_ _0\"></span>calcolato dividendo <span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>\u2019utile netto <span class=\"_ _0\"></span>consolidato dell\u2019eser<span class=\"_ _1\"></span>cizio<span class=\"_ _0\"></span> di rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mento <span class=\"_ _0\"></span>per </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs53a\">la media ponderata<span class=\"_ _1\"></span> delle azioni ordinar<span class=\"_ _1\"></span>ie in circolaz<span class=\"_ _1\"></span>ione. </div><div class=\"gs53b\"><table class=\"s w2fd h365\" id=\"_0dea8b42-4f05-44e9-90ed-700e2c3e06f1\"><tr><td></td><td class=\"c n x404 y17fc w2fe h366\"><div class=\"t m17 x17f h83 y17fb ff3 fs2a fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x405 y17fc w2ff h366\"><div class=\"t m17 x17f h83 y17fb ff3 fs2a fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x406 y17fe w300 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">Me<span class=\"_ _3\"></span>dia ponde<span class=\"_ _3\"></span>rata<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ioni (num<span class=\"_ _3\"></span>ero)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x407 y17fe w301 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>13.9<span class=\"_ _0\"></span>07.2<span class=\"_ _0\"></span>06<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x408 y17fe w302 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>3.90<span class=\"_ _0\"></span>7.20<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x409 y17fe w303 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>*)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x406 y17ff w304 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">Risult<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (eu<span class=\"_ _3\"></span>ro)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x40a y17ff w302 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>27.9<span class=\"_ _0\"></span>22.0<span class=\"_ _0\"></span>00<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x40b y17ff w305 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">14<span class=\"_ _0\"></span>8.87<span class=\"_ _0\"></span>9.00<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x406 y1800 w306 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">Utile<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>ase pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> azi<span class=\"_ _3\"></span>one  (euro<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x40c y1800 w307 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">0,7<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>08<span class=\"_ _0\"></span>08<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x40d y1800 w308 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">0,47<span class=\"_ _0\"></span>42<span class=\"_ _0\"></span>771<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x406 y1801 w309 h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">Me<span class=\"_ _3\"></span>dia ponde<span class=\"_ _3\"></span>rata<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ioni dil<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>a (num<span class=\"_ _1\"></span>ero)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x40e y1801 w302 h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>27.2<span class=\"_ _0\"></span>68<span class=\"_ _0\"></span>.210<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x40f y1801 w302 h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">32<span class=\"_ _0\"></span>7.26<span class=\"_ _0\"></span>8.21<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x410 y1801 w30a h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">(*)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x406 y1802 w304 h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">Risult<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (eu<span class=\"_ _3\"></span>ro)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x40a y1802 w302 h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>27.9<span class=\"_ _0\"></span>22.0<span class=\"_ _0\"></span>00<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x40b y1802 w305 h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">14<span class=\"_ _0\"></span>8.87<span class=\"_ _0\"></span>9.00<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x406 y1803 w30b h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">Utile<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>iluit<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r azione<span class=\"_ _3\"></span>  <span class=\"_ _0\"></span>(e<span class=\"_ _3\"></span>uro)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x411 y1803 w30c h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">0<span class=\"_ _0\"></span>,69<span class=\"_ _0\"></span>64<span class=\"_ _0\"></span>37<span class=\"_ _0\"></span>94<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x412 y1803 w30d h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">0,4<span class=\"_ _0\"></span>549<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>43<span class=\"_ _0\"></span>35<span class=\"_ _4a1\"> </span></div></td><td></td></tr></table></div><div class=\"t m1 h20 ff2 fsf fc1 sc0 ls0 ws0 gs53c\">(*) <span class=\"_ _0\"></span>Il <span class=\"_ _0\"></span>dato <span class=\"_ _0\"></span>riferito <span class=\"_ _0\"></span>al 31<span class=\"_ _0\"></span> dicembre <span class=\"_ _0\"></span>2023<span class=\"_ _0\"></span> \u00e8 <span class=\"_ _0\"></span>riesposto <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>tenere <span class=\"_ _0\"></span>in c<span class=\"_ _0\"></span>onsiderazione <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>operazioni <span class=\"_ _0\"></span>sul <span class=\"_ _0\"></span>capitale <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>hanno <span class=\"_ _0\"></span>avuto <span class=\"_ _0\"></span>luogo n<span class=\"_ _0\"></span>el c<span class=\"_ _0\"></span>orso <span class=\"_ _0\"></span>del 202<span class=\"_ _0\"></span>4 (<span class=\"_ _0\"></span>cos\u00ec <span class=\"_ _0\"></span>come </div><div class=\"t m1 h4 ff2 fsf fc1 sc0 ls0 ws0 gs53d\">previsto dallo IAS 33)<span class=\"_ _0\"></span>.<span class=\"fs2\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs53e\">La  media <span class=\"_ _f\"> </span>ponderata  delle  a<span class=\"_ _1\"></span>zioni  d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>luite <span class=\"_ _f\"> </span>tiene  conto <span class=\"_ _f\"> </span>deg<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i  effetti <span class=\"_ _f\"> </span>diluitivi  de<span class=\"_ _1\"></span>rivanti  del <span class=\"_ _f\"> </span>LTIP  21-23 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs53f\">(approvato i<span class=\"_ _1\"></span>n data <span class=\"_ _3\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>marzo <span class=\"_ _1\"></span>2021 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>all\u2019As<span class=\"_ _3\"></span>sem<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>lea <span class=\"_ _1\"></span>ordinaria de<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Societ\u00e0) e <span class=\"_ _3\"></span>del LTIP 2<span class=\"_ _3\"></span>4-<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>6 (app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ovato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs540\">in <span class=\"_ _1\"></span>data <span class=\"_ _3\"></span>28 <span class=\"_ _1\"></span>marzo <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019Asse<span class=\"_ _3\"></span>mb<span class=\"_ _0\"></span>lea <span class=\"_ _3\"></span>ordinar<span class=\"_ _1\"></span>ia <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>Societ\u00e0), <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>partic<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lare <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>media <span class=\"_ _1\"></span>ponde<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ata <span class=\"_ _3\"></span>dei </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs541\">Diritti <span class=\"_ _5\"></span>che <span class=\"_ _b\"></span>po<span class=\"_ _0\"></span>tre<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>be<span class=\"_ _1\"></span>ro <span class=\"_ _5\"></span>essere <span class=\"_ _5\"></span>esercitati <span class=\"_ _b\"></span>al <span class=\"_ _5\"></span>termine<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>periodo <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>at<span class=\"_ _3\"></span>ur<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>conseguentemente </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs542\">convertiti in azi<span class=\"_ _1\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ord<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>narie della Societ\u00e0. <span class=\"_ _1\"></span> </div>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-26": {
   "value": "Utile per azione L\u2019utile <span class=\"_ _0\"></span>per azione <span class=\"_ _0\"></span>\u00e8 stato <span class=\"_ _0\"></span>calcolato dividendo <span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>\u2019utile netto <span class=\"_ _0\"></span>consolidato dell\u2019eser<span class=\"_ _1\"></span>cizio<span class=\"_ _0\"></span> di rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mento <span class=\"_ _0\"></span>per la media ponderata<span class=\"_ _1\"></span> delle azioni ordinar<span class=\"_ _1\"></span>ie in circolaz<span class=\"_ _1\"></span>ione. <table class=\"s w2fd h365\" id=\"_0dea8b42-4f05-44e9-90ed-700e2c3e06f1\"><tr><td></td><td class=\"c n x404 y17fc w2fe h366\"><div class=\"t m17 x17f h83 y17fb ff3 fs2a fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x405 y17fc w2ff h366\"><div class=\"t m17 x17f h83 y17fb ff3 fs2a fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x406 y17fe w300 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">Me<span class=\"_ _3\"></span>dia ponde<span class=\"_ _3\"></span>rata<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ioni (num<span class=\"_ _3\"></span>ero)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x407 y17fe w301 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>13.9<span class=\"_ _0\"></span>07.2<span class=\"_ _0\"></span>06<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x408 y17fe w302 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>3.90<span class=\"_ _0\"></span>7.20<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x409 y17fe w303 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>*)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x406 y17ff w304 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">Risult<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (eu<span class=\"_ _3\"></span>ro)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x40a y17ff w302 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>27.9<span class=\"_ _0\"></span>22.0<span class=\"_ _0\"></span>00<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x40b y17ff w305 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">14<span class=\"_ _0\"></span>8.87<span class=\"_ _0\"></span>9.00<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x406 y1800 w306 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">Utile<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>ase pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> azi<span class=\"_ _3\"></span>one  (euro<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x40c y1800 w307 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">0,7<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>08<span class=\"_ _0\"></span>08<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x40d y1800 w308 h33d\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">0,47<span class=\"_ _0\"></span>42<span class=\"_ _0\"></span>771<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x406 y1801 w309 h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">Me<span class=\"_ _3\"></span>dia ponde<span class=\"_ _3\"></span>rata<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ioni dil<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>a (num<span class=\"_ _1\"></span>ero)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x40e y1801 w302 h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>27.2<span class=\"_ _0\"></span>68<span class=\"_ _0\"></span>.210<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x40f y1801 w302 h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">32<span class=\"_ _0\"></span>7.26<span class=\"_ _0\"></span>8.21<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x410 y1801 w30a h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">(*)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x406 y1802 w304 h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">Risult<span class=\"_ _1\"></span>at<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (eu<span class=\"_ _3\"></span>ro)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x40a y1802 w302 h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>27.9<span class=\"_ _0\"></span>22.0<span class=\"_ _0\"></span>00<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x40b y1802 w305 h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">14<span class=\"_ _0\"></span>8.87<span class=\"_ _0\"></span>9.00<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x406 y1803 w30b h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">Utile<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>iluit<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r azione<span class=\"_ _3\"></span>  <span class=\"_ _0\"></span>(e<span class=\"_ _3\"></span>uro)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x411 y1803 w30c h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">0<span class=\"_ _0\"></span>,69<span class=\"_ _0\"></span>64<span class=\"_ _0\"></span>37<span class=\"_ _0\"></span>94<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x412 y1803 w30d h33a\"><div class=\"t m17 x17f h84 y17fd ff2 fs2a fc1 sc0 ls0 ws0\">0,4<span class=\"_ _0\"></span>549<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>43<span class=\"_ _0\"></span>35<span class=\"_ _4a1\"> </span></div></td><td></td></tr></table>(*) <span class=\"_ _0\"></span>Il <span class=\"_ _0\"></span>dato <span class=\"_ _0\"></span>riferito <span class=\"_ _0\"></span>al 31<span class=\"_ _0\"></span> dicembre <span class=\"_ _0\"></span>2023<span class=\"_ _0\"></span> \u00e8 <span class=\"_ _0\"></span>riesposto <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>tenere <span class=\"_ _0\"></span>in c<span class=\"_ _0\"></span>onsiderazione <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>operazioni <span class=\"_ _0\"></span>sul <span class=\"_ _0\"></span>capitale <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>hanno <span class=\"_ _0\"></span>avuto <span class=\"_ _0\"></span>luogo n<span class=\"_ _0\"></span>el c<span class=\"_ _0\"></span>orso <span class=\"_ _0\"></span>del 202<span class=\"_ _0\"></span>4 (<span class=\"_ _0\"></span>cos\u00ec <span class=\"_ _0\"></span>come previsto dallo IAS 33)<span class=\"_ _0\"></span>.<span class=\"fs2\"> </span>La  media <span class=\"_ _f\"> </span>ponderata  delle  a<span class=\"_ _1\"></span>zioni  d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>luite <span class=\"_ _f\"> </span>tiene  conto <span class=\"_ _f\"> </span>deg<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i  effetti <span class=\"_ _f\"> </span>diluitivi  de<span class=\"_ _1\"></span>rivanti  del <span class=\"_ _f\"> </span>LTIP  21-23 (approvato i<span class=\"_ _1\"></span>n data <span class=\"_ _3\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>marzo <span class=\"_ _1\"></span>2021 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>all\u2019As<span class=\"_ _3\"></span>sem<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>lea <span class=\"_ _1\"></span>ordinaria de<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Societ\u00e0) e <span class=\"_ _3\"></span>del LTIP 2<span class=\"_ _3\"></span>4-<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>6 (app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ovato in <span class=\"_ _1\"></span>data <span class=\"_ _3\"></span>28 <span class=\"_ _1\"></span>marzo <span class=\"_ _3\"></span>2024 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019Asse<span class=\"_ _3\"></span>mb<span class=\"_ _0\"></span>lea <span class=\"_ _3\"></span>ordinar<span class=\"_ _1\"></span>ia <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>Societ\u00e0), <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>partic<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lare <span class=\"_ _3\"></span>della <span class=\"_ _3\"></span>media <span class=\"_ _1\"></span>ponde<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ata <span class=\"_ _3\"></span>dei Diritti <span class=\"_ _5\"></span>che <span class=\"_ _b\"></span>po<span class=\"_ _0\"></span>tre<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>be<span class=\"_ _1\"></span>ro <span class=\"_ _5\"></span>essere <span class=\"_ _5\"></span>esercitati <span class=\"_ _b\"></span>al <span class=\"_ _5\"></span>termine<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>periodo <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>at<span class=\"_ _3\"></span>ur<span class=\"_ _0\"></span>azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>conseguentemente convertiti in azi<span class=\"_ _1\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ord<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>narie della Societ\u00e0. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-27": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 1 - Cassa e disponibilit\u00e0 liquide -Voce 10 <table class=\"s w30e h367\" id=\"_4a674e91-9531-4b8c-977a-9609aab5ec24\"><tr><td></td><td class=\"c n x413 y1805 w30f h368\"><div class=\"t m18 x17f h86 y1804 ff3 fs2b fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.2024</div></td><td class=\"c n x414 y1805 w310 h368\"><div class=\"t m18 x17f h86 y1804 ff3 fs2b fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1807 w311 h369\"><div class=\"t m18 x17f h87 y1806 ff2 fs2b fc1 sc0 ls0 ws0\">Ca<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x415 y1807 w312 h369\"><div class=\"t m18 x17f h87 y1806 ff2 fs2b fc1 sc0 ls0 ws0\">19<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x416 y1807 w313 h369\"><div class=\"t m18 x17f h87 y1806 ff2 fs2b fc1 sc0 ls0 ws0\">5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1808 w314 h369\"><div class=\"t m18 x17f h87 y1806 ff2 fs2b fc1 sc0 ls0 ws0\">Depo<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>iti<span class=\"_ _3\"></span> e co<span class=\"_ _1\"></span>nt<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>correnti<span class=\"_ _3\"></span> a vis<span class=\"_ _3\"></span>ta<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x417 y1808 w315 h369\"><div class=\"t m18 x17f h87 y1806 ff2 fs2b fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>06.864<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x418 y1808 w315 h369\"><div class=\"t m18 x17f h87 y1806 ff2 fs2b fc1 sc0 ls0 ws0\">169.<span class=\"_ _0\"></span>471<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w316 h368\"><div class=\"t m18 x17f h86 y1809 ff3 fs2b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x419 y16d8 w317 h368\"><div class=\"t m18 x17f h86 y1809 ff3 fs2b fc1 sc0 ls0 ws0\">306.88<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x41a y16d8 w318 h368\"><div class=\"t m18 x17f h86 y1809 ff3 fs2b fc1 sc0 ls0 ws0\">169.4<span class=\"_ _0\"></span>76<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella <span class=\"_ _f\"> </span>tabella <span class=\"_ _f\"> </span>so<span class=\"_ _1\"></span>no <span class=\"_ _f\"> </span>rappresentat<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>sia <span class=\"_ _f\"> </span>il <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ena<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _6\"></span>contante <span class=\"_ _f\"> </span>presente <span class=\"_ _f\"> </span>nella <span class=\"_ _f\"></span>cassa<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>sia <span class=\"_ _f\"> </span>i <span class=\"_ _f\"> </span>depositi <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nto corrente <span class=\"_ _1f\"> </span>a <span class=\"_ _1f\"> </span>vista <span class=\"_ _15\"> </span>apert<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>presso<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>prim<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>istituti <span class=\"_ _16\"> </span>di <span class=\"_ _1f\"> </span>cred<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>. <span class=\"_ _16\"> </span>Nel <span class=\"_ _1f\"> </span>cor<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>dell\u2019esercizio, <span class=\"_ _16\"> </span>i<span class=\"_ _0\"></span>l <span class=\"_ _16\"> </span>Gruppo <span class=\"_ _16\"> </span>h<span class=\"_ _0\"></span>a continuato <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>invest<span class=\"_ _1\"></span>ire <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>liquidit\u00e0 <span class=\"_ _5\"></span>disponibile<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>in <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ep<span class=\"_ _3\"></span>ositi <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>scadenza <span class=\"_ _5\"></span>(\u201c<span class=\"ff5\">time <span class=\"_ _5\"></span>deposit</span>\u201d)<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>esposti nella <span class=\"_ _0\"></span>successiva <span class=\"_ _0\"></span>voce <span class=\"_ _0\"></span>\u201c40. <span class=\"_ _0\"></span>Attivit\u00e0 <span class=\"_ _0\"></span>finanzia<span class=\"_ _1\"></span>rie <span class=\"_ _0\"></span>valutate <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>costo <span class=\"_ _0\"></span>ammortizzat<span class=\"_ _1\"></span>o\u201d <span class=\"_ _b\"></span>e, <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>misura <span class=\"_ _0\"></span>marginale,<span class=\"_ _1\"></span> in titoli di<span class=\"_ _0\"></span> Sta<span class=\"_ _3\"></span>to<span class=\"_ _0\"></span> ital<span class=\"_ _1\"></span>iani (Buoni Ordinari <span class=\"_ _1\"></span>del Tesoro - \u201cBOT\u201d) e in quote di <span class=\"_ _1\"></span>O.I.C.R. istituiti e/<span class=\"_ _1\"></span>o ge<span class=\"_ _0\"></span>stit<span class=\"_ _1\"></span>i dal Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o, esp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sti <span class=\"_ _3\"></span>nella <span class=\"_ _3\"></span>successiva <span class=\"_ _3\"></span>voce <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>0. Atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>valutate a<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>fair <span class=\"_ _1\"></span>value <span class=\"_ _3\"></span>con <span class=\"_ _1\"></span>impatto <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onto<span class=\"_ _1\"></span> economico - c) altre att<span class=\"_ _1\"></span>ivit\u00e0 finanziarie o<span class=\"_ _1\"></span>bbligatoria<span class=\"_ _1\"></span>mente valutate al <span class=\"_ _1\"></span>fair value\u201d. Il contributo di Kair<span class=\"_ _1\"></span>os SGR alla vo<span class=\"_ _1\"></span>ce \u00e8 pari a circa E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ro 1<span class=\"_ _1\"></span>9,4 milioni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-456": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs544\">Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>2-Att<span class=\"_ _1\"></span>ivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>aluta<span class=\"_ _1\"></span>te <span class=\"_ _3\"></span>al<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fair <span class=\"_ _1\"></span>value <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>impatto <span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>conomico <span class=\"_ _8\"></span>-Voce <span class=\"_ _1\"></span>20 </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs545\">2.5 Altre attivit\u00e0 finan<span class=\"_ _1\"></span>ziarie obblig<span class=\"_ _3\"></span>atoriamente valutate al fair value: composizione<span class=\"_ _1\"></span> merceologica<span class=\"_ _3\"></span><span class=\"ff2\"> </span></div><div class=\"gs547\"><table class=\"s w319 h36a\" id=\"_73e0fcb8-ce51-469c-8ff8-977959046e26\"><tr><td class=\"t m19 x41c h88 y180a ff3 fs2c fc1 sc0 ls0 ws0\">Voci/<span class=\"_ _0\"></span>Val<span class=\"_ _0\"></span>ori<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c x41d y180b w29 h8a\"><div class=\"t m19 x3b h88 y46b ff3 fs2c fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c x41e y180b w29 h8a\"><div class=\"t m19 x3b h88 y46b ff3 fs2c fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>31.1<span class=\"_ _0\"></span>2.20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x41f y180c w31a h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x420 y180c w31b h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x421 y180c w31a h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x422 y180c w31a h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x423 y180c w31a h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x424 y180c w31c h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y180d w31d h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">1. Tito<span class=\"_ _3\"></span>li <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x425 y180d w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>849<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x426 y180d w31f h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x427 y180d w320 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x428 y180d w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">25.9<span class=\"_ _0\"></span>76<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x429 y180d w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x42a y180d w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m19 x41c h89 y180e ff2 fs2c fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Tit<span class=\"_ _1\"></span>ol<span class=\"_ _3\"></span>i s<span class=\"_ _3\"></span>trutt<span class=\"_ _3\"></span>urati<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y180f w322 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>ri t<span class=\"_ _1\"></span>it<span class=\"_ _3\"></span>ol<span class=\"_ _1\"></span>i di <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span>bito<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x42b y180f w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>849<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x42c y180f w323 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">25.9<span class=\"_ _0\"></span>76<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1810 w324 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">2. Tito<span class=\"_ _3\"></span>li <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>api<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x42d y1810 w325 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1811 w326 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">3. Q<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>ote di O.I.<span class=\"_ _0\"></span>C.<span class=\"_ _0\"></span>R.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x42e y1811 w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">54.<span class=\"_ _0\"></span>087<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x42f y1811 w327 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x430 y1811 w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">41<span class=\"_ _0\"></span>.269<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x431 y1811 w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">51.5<span class=\"_ _0\"></span>97<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x432 y1811 w327 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x433 y1811 w323 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>480<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1812 w328 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">4. F<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>anziam<span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x434 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x435 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x436 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x437 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x438 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x439 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m19 x41c h89 y1813 ff2 fs2c fc1 sc0 ls0 ws0\">4.1<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Pro<span class=\"_ _3\"></span>nti <span class=\"_ _3\"></span>cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span> termin<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m19 x41c h89 y1814 ff2 fs2c fc1 sc0 ls0 ws0\">4.2<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>ri<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w329 h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x425 y16d8 w32a h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">77.<span class=\"_ _0\"></span>936<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x43a y16d8 w32b h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x43b y16d8 w32c h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">41.<span class=\"_ _0\"></span>271<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x43c y16d8 w32c h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">77.5<span class=\"_ _0\"></span>73<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x43d y16d8 w327 h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x43e y16d8 w32d h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">18.480<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h6e ff3 fs8 fc1 sc0 ls0 ws0 gs549\">Legenda:<span class=\"ff2\"> L1<span class=\"_ _0\"></span>= Livello <span class=\"_ _0\"></span>1; <span class=\"_ _3\"></span>L<span class=\"_ _0\"></span>2=<span class=\"_ _0\"></span> Li<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ello 2<span class=\"_ _0\"></span>; L3= Livello <span class=\"_ _0\"></span>3.  </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs54b\">I <span class=\"_ _6\"></span>tito<span class=\"_ _0\"></span>li <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>deb<span class=\"_ _1\"></span>ito <span class=\"_ _6\"></span>in <span class=\"_ _f\"></span>porta<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ogli<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>s<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>rife<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iscono<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>ai <span class=\"_ _6\"></span>BO<span class=\"_ _1\"></span>T <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>eten<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ti <span class=\"_ _5\"></span>da <span class=\"_ _f\"> </span>Anima <span class=\"_ _6\"></span>SGR. <span class=\"_ _6\"></span>L<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>quote <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>O.<span class=\"_ _0\"></span>I.<span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>.R. <span class=\"_ _6\"></span>si </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs54c\">rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>cono principa<span class=\"_ _1\"></span>lmente a (i) qu<span class=\"_ _1\"></span>ote di fondi<span class=\"_ _1\"></span> istituit<span class=\"_ _1\"></span>i o gestiti da An<span class=\"_ _1\"></span>ima SGR per <span class=\"_ _1\"></span>circa Euro 5<span class=\"_ _1\"></span>1 m<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>oni, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs54d\">(ii) quote d<span class=\"_ _3\"></span>i OICVM e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>FIA istit<span class=\"_ _1\"></span>uiti o <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>estiti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Kairos SGR <span class=\"_ _1\"></span>per c<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>rca <span class=\"_ _3\"></span>Euro<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>4,2 milion<span class=\"_ _1\"></span>i, (iii) <span class=\"_ _1\"></span>quote dei <span class=\"_ _1\"></span>FIA<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs54e\">gestiti da An<span class=\"_ _1\"></span>ima Alternati<span class=\"_ _1\"></span>ve per Eur<span class=\"_ _1\"></span>o 19,2 mili<span class=\"_ _1\"></span>oni, (iv) <span class=\"_ _1\"></span>quote di FIA <span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>obiliari <span class=\"_ _1\"></span>gestiti da <span class=\"_ _1\"></span>Castello SGR </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs54f\">per Euro 20 milio<span class=\"_ _1\"></span>ni e (v) quote di FIA gest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ti da SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>terze per circa Eur<span class=\"_ _1\"></span>o un milione. <span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs550\">La va<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>in aume<span class=\"_ _1\"></span>nto de<span class=\"_ _3\"></span>lla <span class=\"_ _1\"></span>voce, <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>isp<span class=\"_ _1\"></span>etto a<span class=\"_ _1\"></span>ll\u2019ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio <span class=\"_ _3\"></span>precedente, <span class=\"_ _3\"></span>\u00e8 p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incip<span class=\"_ _1\"></span>almente <span class=\"_ _3\"></span>dovuta a<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>saldo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs551\">netto <span class=\"_ _3\"></span>positivo <span class=\"_ _3\"></span>tra <span class=\"_ _1\"></span>sottos<span class=\"_ _1\"></span>crizioni/rimbo<span class=\"_ _1\"></span>rsi <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>OICVM,<span class=\"_ _3\"></span> FI<span class=\"_ _1\"></span>A <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>BO<span class=\"_ _0\"></span>T <span class=\"_ _3\"></span>effettuati <span class=\"_ _8\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019esercizio, <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>import<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs552\">com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssivo  pari  a<span class=\"_ _1\"></span>  circa  Euro <span class=\"_ _f\"> </span>1<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>,7  milioni<span class=\"_ _1\"></span>  e  all\u2019oscillazione  p<span class=\"_ _1\"></span>ositiva  del<span class=\"_ _1\"></span>  fair  val<span class=\"_ _1\"></span>ue/utili-perdite  da<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs553\">realizzo degli OICR e del<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>air value dei BOT dete<span class=\"_ _1\"></span>nuti in por<span class=\"_ _0\"></span>taf<span class=\"_ _1\"></span>oglio, per un importo complessivo pari a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs554\">circa Euro <span class=\"_ _3\"></span>3,<span class=\"_ _0\"></span>3 m<span class=\"_ _3\"></span>ilioni, oltre <span class=\"_ _3\"></span>alla contribuzione <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>por<span class=\"_ _0\"></span>taf<span class=\"_ _1\"></span>oglio detenut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>da Ka<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ros SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pari a <span class=\"_ _1\"></span>circa Euro </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs555\">4,2 milioni. </div>2.6 Altre attivit\u00e0 finan<span class=\"_ _1\"></span>ziarie obblig<span class=\"_ _3\"></span>atoriamente valutate al fair value: composizione<span class=\"_ _1\"></span> per debitori/e<span class=\"_ _3\"></span>mitt<span class=\"_ _0\"></span>enti<div class=\"gs547\"><table class=\"s w32e h36b\" id=\"_7648603b-582a-4eff-b682-418e217d94a3\"><tr><td class=\"c n x1a9 y1816 w32f h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">Voci/<span class=\"_ _0\"></span>Val<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x440 y1816 w330 h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x441 y1816 w331 h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ale 31.1<span class=\"_ _0\"></span>2.20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1818 w332 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Tito<span class=\"_ _3\"></span>li <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>capit<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x442 y1818 w333 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x443 y1819 w334 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> cu<span class=\"_ _3\"></span>i: <span class=\"_ _1\"></span>altre s<span class=\"_ _3\"></span>ocie<span class=\"_ _1\"></span>t\u00e0 no<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>finanziari<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x444 y1819 w333 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y181a w335 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Tito<span class=\"_ _3\"></span>li <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>ebito<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x445 y181a w336 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>849<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x446 y181a w336 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">25.<span class=\"_ _0\"></span>976<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x443 y181b w337 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">a) Ammin<span class=\"_ _3\"></span>ist<span class=\"_ _3\"></span>ra<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni <span class=\"_ _3\"></span>pu<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>li<span class=\"_ _3\"></span>che<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x447 y181b w338 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>849<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x448 y181b w339 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">25.<span class=\"_ _0\"></span>976<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y181c w33a h36d\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Q<span class=\"_ _0\"></span>uo<span class=\"_ _3\"></span>te di O.<span class=\"_ _0\"></span>I<span class=\"_ _1\"></span>.C<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>R.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x445 y181c w336 h36d\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">95.<span class=\"_ _0\"></span>366<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x446 y181c w336 h36d\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">70.<span class=\"_ _0\"></span>087<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1a x449 h8c y181d ff2 fs2d fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>F<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nzi<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>ment<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w33b h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x44a y16d8 w33c h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">119.<span class=\"_ _0\"></span>217<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x44b y16d8 w33d h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">96.<span class=\"_ _0\"></span>063<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs6fe\">PASSIV<span class=\"_ _0\"></span>O<span class=\"_ _1\"></span><span class=\"ff2\"> </span></div><div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs6ff\">Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 1 \u2013 Passivit\u00e0 finanziarie val<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>ate al costo ammo<span class=\"_ _1\"></span>rtiz<span class=\"_ _0\"></span>zato <span class=\"_ _3\"></span>\u2013 V<span class=\"_ _0\"></span>oce 10<span class=\"_ _1\"></span> </div><div class=\"t m1 hc6 ff5 fsb fc1 sc0 ls0 ws0 gs700\">1.1<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Passivit\u00e0 finanziarie valutate al c<span class=\"_ _0\"></span>osto<span class=\"_ _1\"></span> ammortizzato:<span class=\"_ _0\"></span> composizi<span class=\"_ _1\"></span>one merceologica dei debiti</span></span><span class=\"ff23\"><span class=\"ff5\"> </span></span></div><div class=\"gs547\"><table class=\"s w5a9 h39c\" id=\"_aa13623e-59a2-4126-b9b7-a3d51fa5b324\"><tr><td class=\"c n x1a9 y19a4 w5aa h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>tt<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>o/<span class=\"_ _0\"></span>Valo<span class=\"_ _0\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ad y19a4 w5ab h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ae y19a4 w5ac h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a5 w5ad h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti verso<span class=\"_ _3\"></span> reti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>ve<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ta:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6af y19a5 w5ae h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">167.<span class=\"_ _0\"></span>258<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b0 y19a5 w5af h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">148<span class=\"_ _0\"></span>.56<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a6 w5b0 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o OIC<span class=\"_ _0\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b1 y19a6 w5b1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">163.13<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b2 y19a6 w5b2 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">14<span class=\"_ _0\"></span>4.9<span class=\"_ _0\"></span>80<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a7 w5b3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i in<span class=\"_ _3\"></span>div<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b3 y19a7 w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>565<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b4 y19a7 w5b5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.48<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a8 w5b6 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o fon<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> pen<span class=\"_ _3\"></span>si<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b5 y19a8 w5b7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.561<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b6 y19a8 w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>102<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a9 w5b8 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>\u00e0 d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span>ne:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b7 y19a9 w5b9 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3.356<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b8 y19a9 w5b5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>210<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19aa w5ba h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>per gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> pro<span class=\"_ _3\"></span>prie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b9 y19aa w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>292<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y19ab w5bb h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>per gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> ricevut<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>in<span class=\"_ _3\"></span> de<span class=\"_ _0\"></span>le<span class=\"_ _1\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ba y19ab w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.062<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bb y19ab w5bc h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span>93<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ac w5bd h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>per alt<span class=\"_ _1\"></span>ro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bc y19ac w5be h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bd y19ac w5bf h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">17<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ad w5c0 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er altri <span class=\"_ _3\"></span>servizi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6be y19ad w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bf y19ad w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ae w5c2 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c0 y19ae w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">44.92<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c1 y19ae w5c4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>2.6<span class=\"_ _0\"></span>47<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19af w5c5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>pron<span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>i co<span class=\"_ _3\"></span>nt<span class=\"_ _3\"></span>ro t<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rmi<span class=\"_ _1\"></span>ne<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c2 y19af w5be h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c3 y19af w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b0 w5c6 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>D<span class=\"_ _0\"></span>ebit<span class=\"_ _1\"></span>i p<span class=\"_ _3\"></span>er leasi<span class=\"_ _3\"></span>ng<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c4 y19b0 w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">26.0<span class=\"_ _0\"></span>90<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c5 y19b0 w5c7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>917<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b1 w5c8 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>tri deb<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c6 y19b1 w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">18.8<span class=\"_ _0\"></span>39<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c7 y19b1 w5c7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">13.7<span class=\"_ _0\"></span>30<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b3 w5c9 h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c8 y19b3 w5ca h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">215.54<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c9 y19b3 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">18<span class=\"_ _0\"></span>3.42<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m29 x1fd hc7 y19b4 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 1<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19b6 w5cc h39d\"><div class=\"t m29 x17f hc7 y19b5 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ca y19b7 w5cd h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">196.7<span class=\"_ _0\"></span>33<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cb y19b7 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>69.75<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b8 w5cc h39d\"><div class=\"t m29 x17f hc7 y19b5 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cc y19b9 w5ce h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">18.810<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cd y19b9 w5cf h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">13.6<span class=\"_ _0\"></span>65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w5d0 h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale fair<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>val<span class=\"_ _0\"></span>ue<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ce y16d8 w5ca h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">215.54<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cf y16d8 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>83.42<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs703\">I <span class=\"_ _b\"></span>valor<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>ind<span class=\"_ _1\"></span>icati <span class=\"_ _b\"></span>nella <span class=\"_ _b\"></span>sottovoce <span class=\"_ _b\"></span>\u201c1. <span class=\"_ _b\"></span>Debiti <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erso <span class=\"_ _b\"></span>ret<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>endita\u201d <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>riconducibili <span class=\"_ _b\"></span>quasi <span class=\"_ _b\"></span>interame<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>te </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs704\">alle <span class=\"_ _e\"> </span>commissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _d\"> </span>da <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>iconos<span class=\"_ _1\"></span>cere <span class=\"_ _e\"> </span>ai <span class=\"_ _d\"> </span>di<span class=\"_ _0\"></span>str<span class=\"_ _1\"></span>ibutori <span class=\"_ _d\"> </span>dei <span class=\"_ _19\"> </span>prod<span class=\"_ _1\"></span>otti <span class=\"_ _d\"> </span>i<span class=\"_ _0\"></span>stitu<span class=\"_ _1\"></span>iti <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>gestiti <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>Gruppo; <span class=\"_ _e\"> </span>tali </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs705\">commissioni <span class=\"_ _b\"></span>verrann<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>pagate <span class=\"_ _b\"></span>quasi <span class=\"_ _b\"></span>interamente <span class=\"_ _0\"></span>nel <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rso<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>primo <span class=\"_ _b\"></span>trimestre <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>202<span class=\"_ _1\"></span>5. <span class=\"_ _b\"></span>L\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>um<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs706\">rispetto <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _b\"></span>2023, <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>principalme<span class=\"_ _1\"></span>nte <span class=\"_ _5\"></span>dovuto <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giori <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mmissioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ollo<span class=\"_ _1\"></span>camento <span class=\"_ _5\"></span>pe<span class=\"_ _1\"></span>r </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs707\">circa Euro 17,2 milio<span class=\"_ _1\"></span>ni. Il contribut<span class=\"_ _1\"></span>o di Kairos alla s<span class=\"_ _1\"></span>ottovoce \u00e8 pari a ci<span class=\"_ _1\"></span>rca Euro 2,7 milio<span class=\"_ _1\"></span>ni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs708\">Nella <span class=\"_ _1d\"> </span>sottovoce <span class=\"_ _18\"> </span>\u201c2. <span class=\"_ _1d\"> </span>Debiti <span class=\"_ _18\"> </span>per <span class=\"_ _1d\"> </span>attivit\u00e0 <span class=\"_ _1d\"> </span>di <span class=\"_ _18\"> </span>gestione\u201d, <span class=\"_ _18\"> </span>sono<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>evidenziati <span class=\"_ _18\"> </span>i <span class=\"_ _1d\"> </span>debiti <span class=\"_ _18\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>conducibili </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs709\">principalmente <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>commissioni da <span class=\"_ _b\"></span>ricon<span class=\"_ _1\"></span>oscere <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>distributori<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Sica<span class=\"_ _1\"></span>v <span class=\"_ _0\"></span>promosse <span class=\"_ _0\"></span>e/o g<span class=\"_ _0\"></span>estite<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>dal </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs70a\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> per ci<span class=\"_ _1\"></span>rca 2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1 milioni e (ii) alle commissioni per l\u2019attivit\u00e0 di gestioni di patrimo<span class=\"_ _1\"></span>ni a f<span class=\"_ _0\"></span>av<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re di enti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs70b\">fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>svol<span class=\"_ _0\"></span>te da Ka<span class=\"_ _1\"></span>iros SGR per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>cir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a Euro 1,3 m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>lioni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs70c\">La <span class=\"_ _5\"></span>sottovoce <span class=\"_ _b\"></span>\u201c<span class=\"_ _0\"></span>4. <span class=\"_ _5\"></span>Alt<span class=\"_ _1\"></span>ri <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>bi<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>4.2 <span class=\"_ _b\"></span>D<span class=\"_ _0\"></span>ebit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>per <span class=\"_ _5\"></span>leasing\u201d <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>costituita <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>debi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>iduo, <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs70d\">2024, <span class=\"_ _3\"></span>in <span class=\"_ _1\"></span>relazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>ai di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itti <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>\u2019uso <span class=\"_ _3\"></span>isc<span class=\"_ _1\"></span>ritti <span class=\"_ _1\"></span>in <span class=\"_ _3\"></span>all\u2019applicazione <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>principio <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontabi<span class=\"_ _1\"></span>le <span class=\"_ _3\"></span>IFRS <span class=\"_ _3\"></span>16. L<span class=\"_ _3\"></span>\u2019incremento </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs70e\">della <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>importo <span class=\"_ _5\"></span>complessivo <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>circa <span class=\"_ _5\"></span>Eu<span class=\"_ _0\"></span>ro <span class=\"_ _5\"></span>14<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>6 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>dovuto <span class=\"_ _5\"></span>princ<span class=\"_ _0\"></span>ipalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>(i) <span class=\"_ _6\"></span>ai </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs70f\">debiti <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>contratti d<span class=\"_ _0\"></span>i locazione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>rela<span class=\"_ _1\"></span>tivi <span class=\"_ _b\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sedi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Milano, <span class=\"_ _0\"></span>Roma <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Torino <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs710\">Euro <span class=\"_ _1\"></span>2,3 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>oltre a<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>locazione <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>auto <span class=\"_ _3\"></span>aziend<span class=\"_ _0\"></span>ali <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>onces<span class=\"_ _1\"></span>se <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>uso <span class=\"_ _3\"></span>gratuito <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>person<span class=\"_ _0\"></span>ale<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs711\">e <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>altri b<span class=\"_ _0\"></span>eni <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>un<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>complessi<span class=\"_ _1\"></span>vo <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a c<span class=\"_ _0\"></span>irca <span class=\"_ _0\"></span>Euro<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>0,7 m<span class=\"_ _0\"></span>ilio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(ii)<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>ai con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atti <span class=\"_ _0\"></span>di locazione <span class=\"_ _0\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs712\">Vita <span class=\"_ _6\"></span>Srl, <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>gl<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>im<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bili <span class=\"_ _6\"></span>strumentali <span class=\"_ _6\"></span>all\u2019attivi<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _f\"> </span>svolta <span class=\"_ _f\"> </span>dal<span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollata<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ndiretta <span class=\"_ _6\"></span>(siti <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>R<span class=\"_ _0\"></span>oma<span class=\"_ _1\"></span>, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs713\">Gressoney e Ponte di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>L<span class=\"_ _0\"></span>egno) per circa Euro 5,6 milioni, oltre ai contratti di locazione degli arredi degli<span class=\"_ _4a1\"> </span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs715\">immobili d<span class=\"_ _3\"></span>i Roma e<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Gr<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ney <span class=\"_ _3\"></span>per ci<span class=\"_ _1\"></span>rca Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mil<span class=\"_ _1\"></span>ioni, al <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>iii) <span class=\"_ _3\"></span>dei p<span class=\"_ _1\"></span>agamenti <span class=\"_ _1\"></span>effettuati <span class=\"_ _3\"></span>nel <span class=\"_ _1\"></span>corso </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs716\">del <span class=\"_ _f\"> </span>periodo. <span class=\"_ _f\"> </span>Per <span class=\"_ _6\"></span>maggiori <span class=\"_ _f\"> </span>informazioni <span class=\"_ _f\"></span>si <span class=\"_ _6\"></span>ri<span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>da<span class=\"_ _3\"></span>  a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la <span class=\"_ _f\"> </span>\u201cParte <span class=\"_ _6\"></span>D <span class=\"_ _f\"> </span>\u2013Altr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>  In<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ormazio<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"> </span>Sezione <span class=\"_ _6\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>\u2013 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs281\">Informativa sul leasi<span class=\"_ _1\"></span>ng\u201d della prese<span class=\"_ _1\"></span>nte Nota integra<span class=\"_ _1\"></span>tiva consolidata.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs717\">La <span class=\"_ _6\"></span>sottovoce <span class=\"_ _b\"></span>\u201c<span class=\"_ _0\"></span>4. <span class=\"_ _5\"></span>Altri <span class=\"_ _5\"></span>debiti <span class=\"_ _5\"></span>\u2013 <span class=\"_ _6\"></span>4.3 <span class=\"_ _6\"></span>altri\u201d <span class=\"_ _5\"></span>comprende <span class=\"_ _5\"></span>(i) <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>inanziar<span class=\"_ _1\"></span>ia, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>Euro <span class=\"_ _5\"></span>1<span class=\"_ _0\"></span>4,4<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs283\">milioni, <span class=\"_ _19\"> </span>rilevata <span class=\"_ _e\"> </span>a <span class=\"_ _19\"> </span>seguito<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>dell\u2019acq<span class=\"_ _1\"></span>uisizione <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _e\"> </span>Castello <span class=\"_ _19\"> </span>SGR <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>riferibile <span class=\"_ _e\"> </span>all\u2019ammontare <span class=\"_ _19\"> </span>atteso, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs718\">opportunamente att<span class=\"_ _1\"></span>ualizzato, che la S<span class=\"_ _3\"></span>ociet\u00e0 prevede di c<span class=\"_ _1\"></span>orrispondere a <span class=\"_ _1\"></span>OCM OPPS X<span class=\"_ _1\"></span>b Investe<span class=\"_ _1\"></span>ments </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs285\">(Castello) <span class=\"_ _5\"></span>S.a.r.l. <span class=\"_ _b\"></span> <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>seguito <span class=\"_ _b\"></span>dell\u2019esercizio<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>dell\u2019opzio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>put <span class=\"_ _5\"></span>per <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _5\"></span>ef<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>etti <span class=\"_ _b\"></span>dell\u2019Accordo<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>put <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>call <span class=\"_ _b\"></span>per </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs719\">l\u2019acquisto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>20% d<span class=\"_ _0\"></span>i C<span class=\"_ _0\"></span>astell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>SG<span class=\"_ _1\"></span>R <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>(ii)<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>passivit\u00e0 f<span class=\"_ _0\"></span>ina<span class=\"_ _1\"></span>nziaria, <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>4,4 m<span class=\"_ _0\"></span>il<span class=\"_ _1\"></span>ioni, <span class=\"_ _0\"></span>rilevata <span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs71a\">seguito della<span class=\"_ _3\"></span> so<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>scrizi<span class=\"_ _1\"></span>one da<span class=\"_ _1\"></span> parte di <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>astell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> del p<span class=\"_ _1\"></span>atto p<span class=\"_ _1\"></span>arasociale c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n Hall<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span> S.p.a. e<span class=\"_ _1\"></span> riferibile </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs71b\">all\u2019ammontare <span class=\"_ _16\"> </span>atteso, <span class=\"_ _16\"> </span>opportu<span class=\"_ _1\"></span>namente <span class=\"_ _16\"> </span>attualizz<span class=\"_ _1\"></span>ato, <span class=\"_ _16\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>la <span class=\"_ _16\"> </span>controllata <span class=\"_ _16\"> </span>Castello <span class=\"_ _16\"> </span>SGR <span class=\"_ _16\"> </span>prevede<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs71c\">corrispondere <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>all<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>is <span class=\"_ _3\"></span>S.p.a.<span class=\"_ _1\"></span>, <span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>seguito <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizi<span class=\"_ _3\"></span>o dell<span class=\"_ _1\"></span>\u2019opzione <span class=\"_ _3\"></span>put <span class=\"_ _3\"></span>rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ita <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>21% <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>capitale <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>Vita </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs28a\">Srl  e <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipli<span class=\"_ _1\"></span>nata  nell<span class=\"_ _1\"></span>\u2019ambito  del <span class=\"_ _f\"> </span>sopracitato <span class=\"_ _f\"> </span>patto  pa<span class=\"_ _1\"></span>rasociale.  Pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  ulte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iori <span class=\"_ _f\"> </span>dettagli  s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>manda  al </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs71d\">paragrafo <span class=\"_ _c\"> </span>\u201cParte <span class=\"_ _c\"> </span>A <span class=\"_ _211\"> </span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>Politi<span class=\"_ _1\"></span>che <span class=\"_ _c\"> </span>contabili <span class=\"_ _c\"> </span>- <span class=\"_ _c\"> </span>Altr<span class=\"_ _0\"></span>e  informazioni <span class=\"_ _c\"> </span>\u201cOperazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _211\"> </span>conf<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mento <span class=\"_ _c\"> </span>ramo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs28c\">azienda in Vita Srl\u201d della p<span class=\"_ _3\"></span>resen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>No<span class=\"_ _0\"></span>ta i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teg<span class=\"_ _1\"></span>rativa consolidata.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs71e\">Il contribut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>alla voce <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>0. Passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziar<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alut<span class=\"_ _1\"></span>ate <span class=\"_ _1\"></span>al costo amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtizzato\u201d (<span class=\"_ _3\"></span>i) di Kair<span class=\"_ _1\"></span>os SGR \u00e8 <span class=\"_ _3\"></span>pari </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs71f\">a c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a Euro<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>5,7 milioni (di cui c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rca Euro <span class=\"_ _0\"></span>3 milioni riferiti a debiti <span class=\"_ _0\"></span>per leasing IFRS 16) e <span class=\"_ _0\"></span>(ii) di Vita <span class=\"_ _0\"></span>Srl \u00e8 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs720\">pari a circa Euro 5,<span class=\"_ _1\"></span>9 milioni, riferiti es<span class=\"_ _1\"></span>clusivamente a<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> debiti per leasi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g IFRS 1<span class=\"_ _1\"></span>6.<span class=\"_ _4a1\"> </span></div><div class=\"t m1 hc6 ff5 fsb fc1 sc0 ls0 ws0 gs722\">1.2<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Composizione d<span class=\"_ _1\"></span>elle \u201cPas<span class=\"_ _1\"></span>sivit\u00e0 finanziarie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alutat<span class=\"_ _1\"></span>e al <span class=\"_ _1\"></span>costo a<span class=\"_ _1\"></span>mmortizzat<span class=\"_ _1\"></span>o\u201d: \u201cTitoli <span class=\"_ _1\"></span>in circolazione\u201d<span class=\"_ _4a1\"> </span></span></span><span class=\"ff23\"><span class=\"ff5\"><span class=\"_ _8\"></span> </span></span></div><div class=\"t m2a hcb ff3 fs48 fc1 sc0 ls0 ws0 gs724\">Titol<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div><div class=\"gs59f\"><table class=\"s w5d1 h39e\" id=\"_3f2a680a-3557-4da0-99b0-c6953ce84cc3\"><tr><td></td><td></td><td></td><td></td><td class=\"c x6d0 y19ba w2d hcd\"><div class=\"t m2a x3b hcb y611 ff3 fs48 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c x6d1 y19ba w2d hcd\"><div class=\"t m2a x3b hcb y611 ff3 fs48 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m2a x335 hcc y19bb ff2 fs48 fc1 sc0 ls0 ws0\">VB<span class=\"_ _4a1\"> </span></td><td></td><td class=\"t m2a x6d2 hcc y19bc ff2 fs48 fc1 sc0 ls0 ws0\">Fair<span class=\"_ _1\"></span> value<span class=\"_ _4a1\"> </span></td><td></td><td class=\"t m2a x6d3 hcc y19bb ff2 fs48 fc1 sc0 ls0 ws0\">VB<span class=\"_ _4a1\"> </span></td><td class=\"t m2a x49c hcc y19bc ff2 fs48 fc1 sc0 ls0 ws0\">Fair value<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c n x6d4 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d5 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d6 y19be w5d3 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6d7 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d8 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d9 y19be w5d4 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19bf w5d5 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">1. Titoli<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6da y19bf w5d6 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>85.21<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6db y19bf w5d7 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">56<span class=\"_ _0\"></span>4.03<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6dc y19c1 w5d8 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6dd y19c1 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6de y19bf w5da h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>84.145<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6df y19bf w5d7 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>38.3<span class=\"_ _0\"></span>20<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e0 y19c1 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6e1 y19c1 w5db h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td></tr><tr><td class=\"c n x1a9 y19c2 w5dc h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">- obbl<span class=\"_ _1\"></span>igazio<span class=\"_ _1\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6e2 y19c2 w5d6 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>85.21<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e3 y19c2 w5d6 h374\" colspan=\"2\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">56<span class=\"_ _0\"></span>4.03<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6e4 y19c2 w5dd h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>84.145<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e5 y19c2 w5d7 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>38.3<span class=\"_ _0\"></span>20<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m2a x2ed hcc y19c3 ff2 fs48 fc1 sc0 ls0 ws0\">- altri<span class=\"_ _1\"></span> tito<span class=\"_ _3\"></span>li<span class=\"_ _4a1\"> </span></td><td class=\"c n x4da y16d8 w5de h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e6 y16d8 w5df h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">58<span class=\"_ _0\"></span>5.2<span class=\"_ _0\"></span>14<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e7 y16d8 w5df h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">564<span class=\"_ _0\"></span>.03<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e8 y19c5 w5db h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6e9 y19c5 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6ea y16d8 w5e0 h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">584<span class=\"_ _0\"></span>.14<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6eb y16d8 w5df h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">538.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>20<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ec y19c5 w5db h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6ed y19c5 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td></tr></table></div><div class=\"t m1 hca ff3 fs47 fc1 sc0 ls0 ws0 gs725\">Legenda:<span class=\"ff2\"> <span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>B= Valo<span class=\"_ _3\"></span>re di bilanc<span class=\"_ _1\"></span>io; L1=<span class=\"_ _1\"></span> Livello 1; L2= <span class=\"_ _1\"></span>Livell<span class=\"_ _1\"></span>o 2; L3= Li<span class=\"_ _1\"></span>vello 3.<span class=\"_ _4a1\"> </span></span><span class=\"ff2\"><span class=\"_ _3\"></span> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs727\">La  voce <span class=\"_ _f\"> </span>\u201cTi<span class=\"_ _0\"></span>to<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i  \u2013 <span class=\"_ _f\"> </span>obbligazioni\u201d  \u00e8<span class=\"_ _1\"></span>  costituita <span class=\"_ _f\"> </span>da  titoli <span class=\"_ _f\"> </span>o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligazionari  emess<span class=\"_ _3\"></span>i  dalla  So<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0 <span class=\"_ _f\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>data  23 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs728\">ottobre <span class=\"_ _5\"></span>2019 <span class=\"_ _5\"></span>(\u201cPrestito <span class=\"_ _5\"></span>Obbligazionario<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>2026\u201d)<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _6\"></span>22 <span class=\"_ _5\"></span>aprile <span class=\"_ _5\"></span>2021 <span class=\"_ _5\"></span>(\u201cPrestito <span class=\"_ _5\"></span>Obbligazi<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs729\">2028\u201d).  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs72a\">Il <span class=\"_ _0\"></span>Prestit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> Obbligazionario 2026 <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>esposto<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>nel Bilancio <span class=\"_ _0\"></span>al costo ammortizzato per un <span class=\"_ _0\"></span>ammonta<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>pari </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs72b\">a circa E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ro <span class=\"_ _1\"></span>284 milioni. Tale<span class=\"_ _3\"></span> valore \u00e8 rap<span class=\"_ _1\"></span>presentat<span class=\"_ _1\"></span>o (i) dall\u2019<span class=\"_ _1\"></span>importo i<span class=\"_ _1\"></span>ncassato per<span class=\"_ _1\"></span> l\u2019emissione (al<span class=\"_ _3\"></span> n<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs72c\">della <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ia<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quistata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>10 <span class=\"_ _f\"> </span>giugno <span class=\"_ _6\"></span>2020) <span class=\"_ _f\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _f\"> </span>circa <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"></span>282,4<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>milioni, <span class=\"_ _f\"> </span>(<span class=\"_ _1\"></span>ii) <span class=\"_ _f\"> </span>maggiorat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>degl<span class=\"_ _1\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs72d\">interessi passivi mat<span class=\"_ _3\"></span>ur<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> dell\u2019ultimo stac<span class=\"_ _1\"></span>co cedola al 31 di<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>embre <span class=\"_ _1\"></span>2024 e dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minati <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on il<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs72e\">metodo del costo ammort<span class=\"_ _1\"></span>izzato (sulla base del tasso di interes<span class=\"_ _1\"></span>se effettivo) per circa Eur<span class=\"_ _1\"></span>o 2,1 mili<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ni e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs72f\">(iii) di<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>inuit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>dei <span class=\"_ _3\"></span>costi di<span class=\"_ _3\"></span> transazione <span class=\"_ _3\"></span>correlati a<span class=\"_ _3\"></span>ll\u2019<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>ssi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _3\"></span>obbligazionaria <span class=\"_ _3\"></span>che s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _1\"></span>stati <span class=\"_ _3\"></span>capitalizzati<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs730\">e sono esposti al va<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re r<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>iduo <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> c<span class=\"_ _0\"></span>ir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a Euro 0,<span class=\"_ _1\"></span>5 milioni.<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs731\">Con <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iferi<span class=\"_ _1\"></span>mento a<span class=\"_ _1\"></span>l P<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estito<span class=\"_ _1\"></span> O<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>bligazio<span class=\"_ _1\"></span>nario <span class=\"_ _3\"></span>2028, \u00e8 <span class=\"_ _3\"></span>esposto <span class=\"_ _3\"></span>nel<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Bilancio <span class=\"_ _1\"></span>al <span class=\"_ _3\"></span>costo a<span class=\"_ _1\"></span>mmortizzato, <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs732\">ammontare <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>301,2 <span class=\"_ _6\"></span>milioni. <span class=\"_ _6\"></span>Tale <span class=\"_ _5\"></span>valor<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>resentato <span class=\"_ _6\"></span>(i) <span class=\"_ _f\"></span>dall<span class=\"_ _1\"></span>\u2019importo <span class=\"_ _6\"></span>incassat<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>a<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs733\">seguito <span class=\"_ _f\"> </span>dell\u2019emissione <span class=\"_ _f\"> </span>per  c<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ca  Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>298,2  m<span class=\"_ _3\"></span>ilioni,  (ii<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>maggiorato <span class=\"_ _f\"> </span>degli <span class=\"_ _f\"> </span>interessi  pa<span class=\"_ _1\"></span>ssivi <span class=\"_ _f\"> </span>maturati<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs734\">dall\u2019ultimo <span class=\"_ _5\"></span>stacco <span class=\"_ _6\"></span>cedola <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _5\"></span>2024 <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>determinati <span class=\"_ _5\"></span>con <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>costo <span class=\"_ _6\"></span>ammortizzato<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs62b\">(sulla <span class=\"_ _c\"> </span>base <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>tasso <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>interesse <span class=\"_ _c\"> </span>e<span class=\"_ _1\"></span>ffettivo) <span class=\"_ _c\"> </span>per <span class=\"_ _211\"> </span>circ<span class=\"_ _0\"></span>a  E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro <span class=\"_ _c\"> </span>4 <span class=\"_ _c\"> </span>milioni <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>(iii) <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>imin<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ito <span class=\"_ _211\"> </span>dei <span class=\"_ _c\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>i <span class=\"_ _16\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs62c\">transazione correlati all\u2019<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>obbligazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>naria che sono stati <span class=\"_ _0\"></span>capitalizza<span class=\"_ _1\"></span>ti <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sono esposti al <span class=\"_ _0\"></span>valore<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs62d\">residuo per circa E<span class=\"_ _1\"></span>uro un milione.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs735\">Per <span class=\"_ _b\"></span>ulteriori <span class=\"_ _b\"></span>dettagli <span class=\"_ _b\"></span>sul <span class=\"_ _b\"></span>Prest<span class=\"_ _1\"></span>ito <span class=\"_ _b\"></span>Obbligazionario <span class=\"_ _0\"></span>2026 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>su<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>P<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estito <span class=\"_ _0\"></span>Obbligazionario <span class=\"_ _b\"></span>2028 <span class=\"_ _b\"></span>si <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nv<span class=\"_ _0\"></span>ia<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs62f\">alla <span class=\"_ _f\"> </span>\u201cParte <span class=\"_ _6\"></span>D<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>- <span class=\"_ _6\"></span>Altr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>  In<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ormazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _6\"></span>\u2013 <span class=\"_ _f\"> </span>Sezione <span class=\"_ _f\"> </span>3 <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"></span>I<span class=\"_ _3\"></span>nformazioni <span class=\"_ _f\"> </span>sui <span class=\"_ _f\"> </span>rischi <span class=\"_ _f\"> </span>e <span class=\"_ _6\"></span>sulle <span class=\"_ _f\"></span>relative <span class=\"_ _6\"></span>pol<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _f\"> </span>di<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs630\">copertura - 3.1 Risc<span class=\"_ _1\"></span>hi finanziari\u201d della p<span class=\"_ _1\"></span>resente N<span class=\"_ _1\"></span>ota Integr<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a c<span class=\"_ _1\"></span>onsolidata.<span class=\"_ _4a1\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m1 hc6 ff5 fsb fc1 sc0 ls0 ws0 gs737\">1.5<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Passivit\u00e0 finanziarie valutate al c<span class=\"_ _0\"></span>osto<span class=\"_ _1\"></span> ammortizzato \u2013 Debiti: composiz<span class=\"_ _1\"></span>ione per c<span class=\"_ _0\"></span>ontroparte<span class=\"_ _1\"></span> </span></span></div><div class=\"gs738\"><table class=\"s w5f9 h3a1\" id=\"_f044daf2-c3b4-41b9-b0f8-7c261c195777\"><tr><td></td><td></td><td class=\"c n x703 y19d2 w5fa h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">Ban<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he</div></td><td></td><td class=\"c n x704 y19d2 w5fb h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">S<span class=\"_ _0\"></span>ociet\u00e0 fin<span class=\"_ _3\"></span>anz<span class=\"_ _1\"></span>iari<span class=\"_ _3\"></span>e</div></td><td class=\"c n x705 y19d2 w5fc h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>lientel<span class=\"_ _1\"></span>a</div></td><td></td></tr><tr><td class=\"c n x1a9 y19d3 w5fd h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">Comp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>si<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one/Con<span class=\"_ _1\"></span>tropa<span class=\"_ _1\"></span>rte</div></td><td></td><td class=\"c n x706 y19d3 w5fe h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">d<span class=\"_ _3\"></span>i cui: del Gr<span class=\"_ _3\"></span>uppo</div></td><td></td><td class=\"c n x707 y19d3 w5ff h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">di cui: del G<span class=\"_ _3\"></span>ruppo</div></td><td></td><td class=\"c n x708 y19d3 w600 h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">di cui<span class=\"_ _1\"></span>: del Gru<span class=\"_ _3\"></span>ppo</div></td></tr><tr><td class=\"c n x1a9 y19d5 w601 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1. Debit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> ve<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>so ret<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i ven<span class=\"_ _1\"></span>dita</div></td><td class=\"c n x709 y19d5 w602 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">162<span class=\"_ _0\"></span>.641</div></td><td class=\"t ma x70a hce y19d6 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"wsf\"> </span>-  </td><td class=\"c n x70b y19d5 w603 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">930</div></td><td class=\"c x70c y19d7 w5db h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">-</div><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x70d y19d5 w604 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>687</div></td><td class=\"t ma x479 hce y19d6 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"wsf\"> </span>-  </td></tr><tr><td class=\"c n x1a9 y19d8 w605 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> attivit<span class=\"_ _3\"></span>\u00e0 di <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>oc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto OICR</div></td><td class=\"c n x70e y19d8 w606 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">158.9<span class=\"_ _0\"></span>49</div></td><td></td><td class=\"c n x70f y19d8 w603 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">735</div></td><td></td><td class=\"c n x710 y19d8 w607 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.448</div></td><td></td></tr><tr><td class=\"c n x1a9 y19d9 w608 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> attivit<span class=\"_ _3\"></span>\u00e0 di <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>oc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto ge<span class=\"_ _1\"></span>stioni<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>indivi<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ali</div></td><td class=\"c n x711 y19d9 w609 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.33<span class=\"_ _0\"></span>8</div></td><td></td><td></td><td></td><td class=\"c n x712 y19d9 w603 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">227</div></td><td></td></tr><tr><td class=\"c n x1a9 y19da w60a h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> attivit<span class=\"_ _3\"></span>\u00e0 di <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>oc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto fondi<span class=\"_ _1\"></span> pensione</div></td><td class=\"c n x713 y19da w609 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.35<span class=\"_ _0\"></span>4</div></td><td></td><td class=\"c n x714 y19da w60b h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">195</div></td><td></td><td class=\"c n x715 y19da w60c h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">12</div></td><td></td></tr><tr><td class=\"c n x1a9 y19db w60d h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2. Debit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> per<span class=\"_ _1\"></span> atti<span class=\"_ _3\"></span>vit\u00e0 di gesti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>e</div></td><td class=\"c n x716 y19db w60e h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>75</div></td><td class=\"t ma x70a hce y19dc ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td><td class=\"c n x717 y19db w60f h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span>25</div></td><td class=\"c x718 y19dd w5d9 h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x719 y19db w610 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>256</div></td><td class=\"t ma x479 hce y19dc ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td></tr><tr><td class=\"c n x1a9 y19de w611 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> gestioni propri<span class=\"_ _1\"></span>e</div></td><td class=\"c n x71a y19de w612 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">71</div></td><td></td><td class=\"c n x71b y19de w613 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span>21</div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19df w614 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> gestioni ric<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>vu<span class=\"_ _3\"></span>te in de<span class=\"_ _1\"></span>lega</div></td><td class=\"c n x71c y19df w615 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">80<span class=\"_ _0\"></span>4</div></td><td></td><td class=\"c n x71d y19df w616 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2</div></td><td></td><td class=\"c n x71e y19df w617 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.256</div></td><td></td></tr><tr><td class=\"c n x1a9 y19e0 w618 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> altro</div></td><td></td><td></td><td class=\"c n x71f y19e0 w619 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2</div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19e1 w61a h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">3. Debit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> per<span class=\"_ _1\"></span> altri se<span class=\"_ _1\"></span>rvizi</div></td><td class=\"c n x720 y19e1 w61b h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc3 sc0 ls0 ws0\">0</div></td><td class=\"t ma x70a hce y19e2 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td><td class=\"c n x721 y19e1 w619 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc3 sc0 ls0 ws0\">0</div></td><td class=\"c x718 y19e3 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x722 y19e1 w616 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc3 sc0 ls0 ws0\">0</div></td><td class=\"t ma x479 hce y19e2 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td></tr><tr><td class=\"c n x1a9 y19e4 w61c h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">4. A<span class=\"_ _0\"></span>ltr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> de<span class=\"_ _3\"></span>biti</div></td><td class=\"c n x723 y19e4 w61d h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>9</div></td><td class=\"t ma x70a hce y19e5 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td><td></td><td class=\"c x718 y19e6 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x724 y19e4 w61e h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">44<span class=\"_ _0\"></span>.900</div></td><td class=\"t ma x479 hce y19e5 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td></tr><tr><td class=\"t ma x2ed hd0 y19e7 ff2 fs49 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _0\"></span> pro<span class=\"_ _1\"></span>nti con<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>o ter<span class=\"_ _3\"></span>mine</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19e8 w61f h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _0\"></span> deb<span class=\"_ _3\"></span>iti per le<span class=\"_ _3\"></span>asi<span class=\"_ _0\"></span>ng</div></td><td></td><td></td><td></td><td></td><td class=\"c n x725 y19e8 w620 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>6.0<span class=\"_ _0\"></span>90</div></td><td></td></tr><tr><td class=\"c n x1a9 y19e9 w621 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _0\"></span> alt<span class=\"_ _3\"></span>ri</div></td><td class=\"c n x726 y19e9 w612 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">29</div></td><td></td><td></td><td></td><td class=\"c n x727 y19e9 w622 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">18<span class=\"_ _0\"></span>.810</div></td><td></td></tr><tr><td class=\"c n x1a9 y19ea w623 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">Totale 31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.202<span class=\"_ _0\"></span>4</div></td><td class=\"c n x728 y19ea w624 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">16<span class=\"_ _0\"></span>3.5<span class=\"_ _0\"></span>45</div></td><td class=\"t ma x729 hce y19eb ff3 fs49 fc1 sc0 ls0 ws0\">  -  </td><td class=\"c n x72a y19ea w625 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">2.155</div></td><td class=\"c x718 y19ec w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x72b y19ea w626 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">49.843</div></td><td class=\"c x72c y19ed w2e hd1\"><div class=\"t ma xb7 hce y611 ff3 fs49 fc1 sc0 ls0 ws0\">  -  </div></td></tr><tr><td class=\"c n x1a9 y19ee w623 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">Totale 31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.202<span class=\"_ _0\"></span>3</div></td><td class=\"c n x728 y19ee w624 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">15<span class=\"_ _0\"></span>9.6<span class=\"_ _0\"></span>00</div></td><td class=\"t ma x729 hce y19ef ff3 fs49 fc1 sc0 ls0 ws0\">  -  </td><td class=\"c n x72d y19ee w60b h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">465</div></td><td class=\"c x718 y16d8 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x72e y19ee w626 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">23.359</div></td><td class=\"c x72c y19f0 w2e hd1\"><div class=\"t ma xb7 hce y611 ff3 fs49 fc1 sc0 ls0 ws0\">  -  </div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-28": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>2-Att<span class=\"_ _1\"></span>ivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>aluta<span class=\"_ _1\"></span>te <span class=\"_ _3\"></span>al<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fair <span class=\"_ _1\"></span>value <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>impatto <span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>conomico <span class=\"_ _8\"></span>-Voce <span class=\"_ _1\"></span>20 2.5 Altre attivit\u00e0 finan<span class=\"_ _1\"></span>ziarie obblig<span class=\"_ _3\"></span>atoriamente valutate al fair value: composizione<span class=\"_ _1\"></span> merceologica<span class=\"_ _3\"></span><span class=\"ff2\"> </span><table class=\"s w319 h36a\" id=\"_73e0fcb8-ce51-469c-8ff8-977959046e26\"><tr><td class=\"t m19 x41c h88 y180a ff3 fs2c fc1 sc0 ls0 ws0\">Voci/<span class=\"_ _0\"></span>Val<span class=\"_ _0\"></span>ori<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c x41d y180b w29 h8a\"><div class=\"t m19 x3b h88 y46b ff3 fs2c fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c x41e y180b w29 h8a\"><div class=\"t m19 x3b h88 y46b ff3 fs2c fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>31.1<span class=\"_ _0\"></span>2.20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x41f y180c w31a h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x420 y180c w31b h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x421 y180c w31a h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x422 y180c w31a h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x423 y180c w31a h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x424 y180c w31c h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y180d w31d h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">1. Tito<span class=\"_ _3\"></span>li <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x425 y180d w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>849<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x426 y180d w31f h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x427 y180d w320 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x428 y180d w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">25.9<span class=\"_ _0\"></span>76<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x429 y180d w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x42a y180d w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m19 x41c h89 y180e ff2 fs2c fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Tit<span class=\"_ _1\"></span>ol<span class=\"_ _3\"></span>i s<span class=\"_ _3\"></span>trutt<span class=\"_ _3\"></span>urati<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y180f w322 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>ri t<span class=\"_ _1\"></span>it<span class=\"_ _3\"></span>ol<span class=\"_ _1\"></span>i di <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span>bito<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x42b y180f w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>849<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x42c y180f w323 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">25.9<span class=\"_ _0\"></span>76<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1810 w324 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">2. Tito<span class=\"_ _3\"></span>li <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>api<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x42d y1810 w325 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1811 w326 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">3. Q<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>ote di O.I.<span class=\"_ _0\"></span>C.<span class=\"_ _0\"></span>R.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x42e y1811 w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">54.<span class=\"_ _0\"></span>087<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x42f y1811 w327 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x430 y1811 w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">41<span class=\"_ _0\"></span>.269<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x431 y1811 w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">51.5<span class=\"_ _0\"></span>97<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x432 y1811 w327 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x433 y1811 w323 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>480<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1812 w328 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">4. F<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>anziam<span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x434 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x435 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x436 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x437 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x438 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x439 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m19 x41c h89 y1813 ff2 fs2c fc1 sc0 ls0 ws0\">4.1<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Pro<span class=\"_ _3\"></span>nti <span class=\"_ _3\"></span>cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span> termin<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m19 x41c h89 y1814 ff2 fs2c fc1 sc0 ls0 ws0\">4.2<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>ri<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w329 h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x425 y16d8 w32a h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">77.<span class=\"_ _0\"></span>936<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x43a y16d8 w32b h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x43b y16d8 w32c h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">41.<span class=\"_ _0\"></span>271<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x43c y16d8 w32c h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">77.5<span class=\"_ _0\"></span>73<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x43d y16d8 w327 h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x43e y16d8 w32d h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">18.480<span class=\"_ _4a1\"> </span></div></td></tr></table>Legenda:<span class=\"ff2\"> L1<span class=\"_ _0\"></span>= Livello <span class=\"_ _0\"></span>1; <span class=\"_ _3\"></span>L<span class=\"_ _0\"></span>2=<span class=\"_ _0\"></span> Li<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ello 2<span class=\"_ _0\"></span>; L3= Livello <span class=\"_ _0\"></span>3.  </span>I <span class=\"_ _6\"></span>tito<span class=\"_ _0\"></span>li <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>deb<span class=\"_ _1\"></span>ito <span class=\"_ _6\"></span>in <span class=\"_ _f\"></span>porta<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ogli<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>s<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>rife<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iscono<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>ai <span class=\"_ _6\"></span>BO<span class=\"_ _1\"></span>T <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>eten<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ti <span class=\"_ _5\"></span>da <span class=\"_ _f\"> </span>Anima <span class=\"_ _6\"></span>SGR. <span class=\"_ _6\"></span>L<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>quote <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>O.<span class=\"_ _0\"></span>I.<span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>.R. <span class=\"_ _6\"></span>si rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>cono principa<span class=\"_ _1\"></span>lmente a (i) qu<span class=\"_ _1\"></span>ote di fondi<span class=\"_ _1\"></span> istituit<span class=\"_ _1\"></span>i o gestiti da An<span class=\"_ _1\"></span>ima SGR per <span class=\"_ _1\"></span>circa Euro 5<span class=\"_ _1\"></span>1 m<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>oni, (ii) quote d<span class=\"_ _3\"></span>i OICVM e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>FIA istit<span class=\"_ _1\"></span>uiti o <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>estiti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Kairos SGR <span class=\"_ _1\"></span>per c<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>rca <span class=\"_ _3\"></span>Euro<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>4,2 milion<span class=\"_ _1\"></span>i, (iii) <span class=\"_ _1\"></span>quote dei <span class=\"_ _1\"></span>FIA<span class=\"_ _3\"></span> gestiti da An<span class=\"_ _1\"></span>ima Alternati<span class=\"_ _1\"></span>ve per Eur<span class=\"_ _1\"></span>o 19,2 mili<span class=\"_ _1\"></span>oni, (iv) <span class=\"_ _1\"></span>quote di FIA <span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>obiliari <span class=\"_ _1\"></span>gestiti da <span class=\"_ _1\"></span>Castello SGR per Euro 20 milio<span class=\"_ _1\"></span>ni e (v) quote di FIA gest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ti da SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>terze per circa Eur<span class=\"_ _1\"></span>o un milione. <span class=\"_ _1\"></span> La va<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>in aume<span class=\"_ _1\"></span>nto de<span class=\"_ _3\"></span>lla <span class=\"_ _1\"></span>voce, <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>isp<span class=\"_ _1\"></span>etto a<span class=\"_ _1\"></span>ll\u2019ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio <span class=\"_ _3\"></span>precedente, <span class=\"_ _3\"></span>\u00e8 p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incip<span class=\"_ _1\"></span>almente <span class=\"_ _3\"></span>dovuta a<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>saldo netto <span class=\"_ _3\"></span>positivo <span class=\"_ _3\"></span>tra <span class=\"_ _1\"></span>sottos<span class=\"_ _1\"></span>crizioni/rimbo<span class=\"_ _1\"></span>rsi <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>OICVM,<span class=\"_ _3\"></span> FI<span class=\"_ _1\"></span>A <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>BO<span class=\"_ _0\"></span>T <span class=\"_ _3\"></span>effettuati <span class=\"_ _8\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019esercizio, <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>import<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssivo  pari  a<span class=\"_ _1\"></span>  circa  Euro <span class=\"_ _f\"> </span>1<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>,7  milioni<span class=\"_ _1\"></span>  e  all\u2019oscillazione  p<span class=\"_ _1\"></span>ositiva  del<span class=\"_ _1\"></span>  fair  val<span class=\"_ _1\"></span>ue/utili-perdite  da<span class=\"_ _1\"></span> realizzo degli OICR e del<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>air value dei BOT dete<span class=\"_ _1\"></span>nuti in por<span class=\"_ _0\"></span>taf<span class=\"_ _1\"></span>oglio, per un importo complessivo pari a circa Euro <span class=\"_ _3\"></span>3,<span class=\"_ _0\"></span>3 m<span class=\"_ _3\"></span>ilioni, oltre <span class=\"_ _3\"></span>alla contribuzione <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>por<span class=\"_ _0\"></span>taf<span class=\"_ _1\"></span>oglio detenut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>da Ka<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ros SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pari a <span class=\"_ _1\"></span>circa Euro 4,2 milioni. 2.6 Altre attivit\u00e0 finan<span class=\"_ _1\"></span>ziarie obblig<span class=\"_ _3\"></span>atoriamente valutate al fair value: composizione<span class=\"_ _1\"></span> per debitori/e<span class=\"_ _3\"></span>mitt<span class=\"_ _0\"></span>enti<span class=\"_ _3\"></span> <table class=\"s w32e h36b\" id=\"_7648603b-582a-4eff-b682-418e217d94a3\"><tr><td class=\"c n x1a9 y1816 w32f h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">Voci/<span class=\"_ _0\"></span>Val<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x440 y1816 w330 h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x441 y1816 w331 h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ale 31.1<span class=\"_ _0\"></span>2.20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1818 w332 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Tito<span class=\"_ _3\"></span>li <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>capit<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x442 y1818 w333 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x443 y1819 w334 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> cu<span class=\"_ _3\"></span>i: <span class=\"_ _1\"></span>altre s<span class=\"_ _3\"></span>ocie<span class=\"_ _1\"></span>t\u00e0 no<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>finanziari<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x444 y1819 w333 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y181a w335 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Tito<span class=\"_ _3\"></span>li <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>ebito<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x445 y181a w336 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>849<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x446 y181a w336 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">25.<span class=\"_ _0\"></span>976<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x443 y181b w337 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">a) Ammin<span class=\"_ _3\"></span>ist<span class=\"_ _3\"></span>ra<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni <span class=\"_ _3\"></span>pu<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>li<span class=\"_ _3\"></span>che<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x447 y181b w338 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>849<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x448 y181b w339 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">25.<span class=\"_ _0\"></span>976<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y181c w33a h36d\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Q<span class=\"_ _0\"></span>uo<span class=\"_ _3\"></span>te di O.<span class=\"_ _0\"></span>I<span class=\"_ _1\"></span>.C<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>R.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x445 y181c w336 h36d\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">95.<span class=\"_ _0\"></span>366<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x446 y181c w336 h36d\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">70.<span class=\"_ _0\"></span>087<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1a x449 h8c y181d ff2 fs2d fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>F<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nzi<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>ment<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w33b h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x44a y16d8 w33c h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">119.<span class=\"_ _0\"></span>217<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x44b y16d8 w33d h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">96.<span class=\"_ _0\"></span>063<span class=\"_ _4a1\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-527": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>2-Att<span class=\"_ _1\"></span>ivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>finanziarie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>aluta<span class=\"_ _1\"></span>te <span class=\"_ _3\"></span>al<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fair <span class=\"_ _1\"></span>value <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>impatto <span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>conomico <span class=\"_ _8\"></span>-Voce <span class=\"_ _1\"></span>20 2.5 Altre attivit\u00e0 finan<span class=\"_ _1\"></span>ziarie obblig<span class=\"_ _3\"></span>atoriamente valutate al fair value: composizione<span class=\"_ _1\"></span> merceologica<span class=\"_ _3\"></span><span class=\"ff2\"> </span><table class=\"s w319 h36a\" id=\"_73e0fcb8-ce51-469c-8ff8-977959046e26\"><tr><td class=\"t m19 x41c h88 y180a ff3 fs2c fc1 sc0 ls0 ws0\">Voci/<span class=\"_ _0\"></span>Val<span class=\"_ _0\"></span>ori<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c x41d y180b w29 h8a\"><div class=\"t m19 x3b h88 y46b ff3 fs2c fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c x41e y180b w29 h8a\"><div class=\"t m19 x3b h88 y46b ff3 fs2c fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>31.1<span class=\"_ _0\"></span>2.20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x41f y180c w31a h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x420 y180c w31b h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x421 y180c w31a h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x422 y180c w31a h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x423 y180c w31a h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x424 y180c w31c h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y180d w31d h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">1. Tito<span class=\"_ _3\"></span>li <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x425 y180d w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>849<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x426 y180d w31f h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x427 y180d w320 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x428 y180d w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">25.9<span class=\"_ _0\"></span>76<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x429 y180d w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x42a y180d w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m19 x41c h89 y180e ff2 fs2c fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Tit<span class=\"_ _1\"></span>ol<span class=\"_ _3\"></span>i s<span class=\"_ _3\"></span>trutt<span class=\"_ _3\"></span>urati<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y180f w322 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>ri t<span class=\"_ _1\"></span>it<span class=\"_ _3\"></span>ol<span class=\"_ _1\"></span>i di <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span>bito<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x42b y180f w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>849<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x42c y180f w323 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">25.9<span class=\"_ _0\"></span>76<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1810 w324 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">2. Tito<span class=\"_ _3\"></span>li <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>api<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x42d y1810 w325 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1811 w326 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">3. Q<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>ote di O.I.<span class=\"_ _0\"></span>C.<span class=\"_ _0\"></span>R.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x42e y1811 w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">54.<span class=\"_ _0\"></span>087<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x42f y1811 w327 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x430 y1811 w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">41<span class=\"_ _0\"></span>.269<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x431 y1811 w31e h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">51.5<span class=\"_ _0\"></span>97<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x432 y1811 w327 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x433 y1811 w323 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>480<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1812 w328 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc1 sc0 ls0 ws0\">4. F<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>anziam<span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x434 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x435 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x436 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x437 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x438 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x439 y1812 w321 h33b\"><div class=\"t m19 x17f h89 y16c6 ff2 fs2c fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m19 x41c h89 y1813 ff2 fs2c fc1 sc0 ls0 ws0\">4.1<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Pro<span class=\"_ _3\"></span>nti <span class=\"_ _3\"></span>cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span> termin<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m19 x41c h89 y1814 ff2 fs2c fc1 sc0 ls0 ws0\">4.2<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>ri<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w329 h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x425 y16d8 w32a h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">77.<span class=\"_ _0\"></span>936<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x43a y16d8 w32b h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x43b y16d8 w32c h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">41.<span class=\"_ _0\"></span>271<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x43c y16d8 w32c h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">77.5<span class=\"_ _0\"></span>73<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x43d y16d8 w327 h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x43e y16d8 w32d h33a\"><div class=\"t m19 x17f h88 y16c3 ff3 fs2c fc1 sc0 ls0 ws0\">18.480<span class=\"_ _4a1\"> </span></div></td></tr></table>Legenda:<span class=\"ff2\"> L1<span class=\"_ _0\"></span>= Livello <span class=\"_ _0\"></span>1; <span class=\"_ _3\"></span>L<span class=\"_ _0\"></span>2=<span class=\"_ _0\"></span> Li<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ello 2<span class=\"_ _0\"></span>; L3= Livello <span class=\"_ _0\"></span>3.  </span>I <span class=\"_ _6\"></span>tito<span class=\"_ _0\"></span>li <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>deb<span class=\"_ _1\"></span>ito <span class=\"_ _6\"></span>in <span class=\"_ _f\"></span>porta<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ogli<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>s<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>rife<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iscono<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>ai <span class=\"_ _6\"></span>BO<span class=\"_ _1\"></span>T <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>eten<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ti <span class=\"_ _5\"></span>da <span class=\"_ _f\"> </span>Anima <span class=\"_ _6\"></span>SGR. <span class=\"_ _6\"></span>L<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>quote <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>O.<span class=\"_ _0\"></span>I.<span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>.R. <span class=\"_ _6\"></span>si rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>cono principa<span class=\"_ _1\"></span>lmente a (i) qu<span class=\"_ _1\"></span>ote di fondi<span class=\"_ _1\"></span> istituit<span class=\"_ _1\"></span>i o gestiti da An<span class=\"_ _1\"></span>ima SGR per <span class=\"_ _1\"></span>circa Euro 5<span class=\"_ _1\"></span>1 m<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>oni, (ii) quote d<span class=\"_ _3\"></span>i OICVM e <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>FIA istit<span class=\"_ _1\"></span>uiti o <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>estiti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Kairos SGR <span class=\"_ _1\"></span>per c<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>rca <span class=\"_ _3\"></span>Euro<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>4,2 milion<span class=\"_ _1\"></span>i, (iii) <span class=\"_ _1\"></span>quote dei <span class=\"_ _1\"></span>FIA<span class=\"_ _3\"></span> gestiti da An<span class=\"_ _1\"></span>ima Alternati<span class=\"_ _1\"></span>ve per Eur<span class=\"_ _1\"></span>o 19,2 mili<span class=\"_ _1\"></span>oni, (iv) <span class=\"_ _1\"></span>quote di FIA <span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>obiliari <span class=\"_ _1\"></span>gestiti da <span class=\"_ _1\"></span>Castello SGR per Euro 20 milio<span class=\"_ _1\"></span>ni e (v) quote di FIA gest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ti da SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>terze per circa Eur<span class=\"_ _1\"></span>o un milione. <span class=\"_ _1\"></span> La va<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>in aume<span class=\"_ _1\"></span>nto de<span class=\"_ _3\"></span>lla <span class=\"_ _1\"></span>voce, <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>isp<span class=\"_ _1\"></span>etto a<span class=\"_ _1\"></span>ll\u2019ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio <span class=\"_ _3\"></span>precedente, <span class=\"_ _3\"></span>\u00e8 p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incip<span class=\"_ _1\"></span>almente <span class=\"_ _3\"></span>dovuta a<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>saldo netto <span class=\"_ _3\"></span>positivo <span class=\"_ _3\"></span>tra <span class=\"_ _1\"></span>sottos<span class=\"_ _1\"></span>crizioni/rimbo<span class=\"_ _1\"></span>rsi <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>OICVM,<span class=\"_ _3\"></span> FI<span class=\"_ _1\"></span>A <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>BO<span class=\"_ _0\"></span>T <span class=\"_ _3\"></span>effettuati <span class=\"_ _8\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019esercizio, <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>import<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssivo  pari  a<span class=\"_ _1\"></span>  circa  Euro <span class=\"_ _f\"> </span>1<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>,7  milioni<span class=\"_ _1\"></span>  e  all\u2019oscillazione  p<span class=\"_ _1\"></span>ositiva  del<span class=\"_ _1\"></span>  fair  val<span class=\"_ _1\"></span>ue/utili-perdite  da<span class=\"_ _1\"></span> realizzo degli OICR e del<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>air value dei BOT dete<span class=\"_ _1\"></span>nuti in por<span class=\"_ _0\"></span>taf<span class=\"_ _1\"></span>oglio, per un importo complessivo pari a circa Euro <span class=\"_ _3\"></span>3,<span class=\"_ _0\"></span>3 m<span class=\"_ _3\"></span>ilioni, oltre <span class=\"_ _3\"></span>alla contribuzione <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>por<span class=\"_ _0\"></span>taf<span class=\"_ _1\"></span>oglio detenut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>da Ka<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ros SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pari a <span class=\"_ _1\"></span>circa Euro 4,2 milioni. 2.6 Altre attivit\u00e0 finan<span class=\"_ _1\"></span>ziarie obblig<span class=\"_ _3\"></span>atoriamente valutate al fair value: composizione<span class=\"_ _1\"></span> per debitori/e<span class=\"_ _3\"></span>mitt<span class=\"_ _0\"></span>enti<span class=\"_ _3\"></span> <table class=\"s w32e h36b\" id=\"_7648603b-582a-4eff-b682-418e217d94a3\"><tr><td class=\"c n x1a9 y1816 w32f h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">Voci/<span class=\"_ _0\"></span>Val<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x440 y1816 w330 h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x441 y1816 w331 h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ale 31.1<span class=\"_ _0\"></span>2.20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1818 w332 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Tito<span class=\"_ _3\"></span>li <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>capit<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x442 y1818 w333 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x443 y1819 w334 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> cu<span class=\"_ _3\"></span>i: <span class=\"_ _1\"></span>altre s<span class=\"_ _3\"></span>ocie<span class=\"_ _1\"></span>t\u00e0 no<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>finanziari<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x444 y1819 w333 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y181a w335 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Tito<span class=\"_ _3\"></span>li <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>ebito<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x445 y181a w336 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>849<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x446 y181a w336 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">25.<span class=\"_ _0\"></span>976<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x443 y181b w337 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">a) Ammin<span class=\"_ _3\"></span>ist<span class=\"_ _3\"></span>ra<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni <span class=\"_ _3\"></span>pu<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>li<span class=\"_ _3\"></span>che<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x447 y181b w338 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>849<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x448 y181b w339 h36c\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">25.<span class=\"_ _0\"></span>976<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y181c w33a h36d\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Q<span class=\"_ _0\"></span>uo<span class=\"_ _3\"></span>te di O.<span class=\"_ _0\"></span>I<span class=\"_ _1\"></span>.C<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>R.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x445 y181c w336 h36d\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">95.<span class=\"_ _0\"></span>366<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x446 y181c w336 h36d\"><div class=\"t m1a x17f h8c y1817 ff2 fs2d fc1 sc0 ls0 ws0\">70.<span class=\"_ _0\"></span>087<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1a x449 h8c y181d ff2 fs2d fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>F<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nzi<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>ment<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w33b h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x44a y16d8 w33c h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">119.<span class=\"_ _0\"></span>217<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x44b y16d8 w33d h368\"><div class=\"t m1a x17f h8b y1815 ff3 fs2d fc1 sc0 ls0 ws0\">96.<span class=\"_ _0\"></span>063<span class=\"_ _4a1\"> </span></div></td></tr></table>Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e <span class=\"_ _1b\"> </span>3 <span class=\"_ _17\"> </span>-<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>A<span class=\"_ _0\"></span>tti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _19\"> </span>f<span class=\"_ _0\"></span>inanziarie <span class=\"_ _1b\"> </span>valutate <span class=\"_ _1b\"> </span>al <span class=\"_ _1b\"> </span>fair <span class=\"_ _17\"> </span>va<span class=\"_ _1\"></span>lue <span class=\"_ _1b\"> </span>con <span class=\"_ _1b\"> </span>impatto<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>s<span class=\"_ _0\"></span>ulla <span class=\"_ _1b\"> </span>redditivit\u00e0 complessiv<span class=\"_ _0\"></span>a -<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Voce 30<span class=\"_ _3\"></span> 3.1 <span class=\"_ _1f\"> </span>Attivit\u00e0 <span class=\"_ _16\"> </span>finanziari<span class=\"_ _1\"></span>e <span class=\"_ _16\"> </span>valutate <span class=\"_ _1f\"> </span>al <span class=\"_ _16\"> </span>fair <span class=\"_ _1f\"> </span>value <span class=\"_ _16\"> </span>con <span class=\"_ _16\"> </span>impatto <span class=\"_ _16\"> </span>sulla <span class=\"_ _1f\"> </span>redditivit\u00e0 <span class=\"_ _c\"> </span>complessiva: <span class=\"_ _16\"> </span>composizione<span class=\"_ _1\"></span> merceologi<span class=\"_ _1\"></span>ca <table class=\"s w33e h36e\" id=\"_c24e9f9b-fcd6-444a-8f82-162a7d1e7d78\"><tr><td class=\"t m1b x34d h8d y181e ff3 fs2e fc1 sc0 ls0 ws0\">Voci<span class=\"_ _0\"></span>/Val<span class=\"_ _0\"></span>ori<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c x44c y181f w2a h8f\"><div class=\"t m1b x3b h8d y46b ff3 fs2e fc1 sc0 ls0 ws0\">Tota<span class=\"_ _0\"></span>le 31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c x44d y181f w2a h8f\"><div class=\"t m1b x3b h8d y46b ff3 fs2e fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x44e y1821 w33f h36f\"><div class=\"t m1b x17f h8d y1820 ff3 fs2e fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x44f y1821 w33f h36f\"><div class=\"t m1b x17f h8d y1820 ff3 fs2e fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x450 y1821 w33f h36f\"><div class=\"t m1b x17f h8d y1820 ff3 fs2e fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x451 y1821 w340 h36f\"><div class=\"t m1b x17f h8d y1820 ff3 fs2e fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x452 y1821 w33f h36f\"><div class=\"t m1b x17f h8d y1820 ff3 fs2e fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x453 y1821 w341 h36f\"><div class=\"t m1b x17f h8d y1820 ff3 fs2e fc1 sc0 ls0 ws0\">L<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1823 w342 h33b\"><div class=\"t m1b x17f h8e y1822 ff2 fs2e fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Tito<span class=\"_ _3\"></span>li <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i deb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>to<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x454 y1823 w343 h33b\"><div class=\"t m1b x17f h8e y1822 ff2 fs2e fc3 sc0 ls0 ws0\">-</div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1b x34d h8e y1824 ff2 fs2e fc1 sc0 ls0 ws0\"> <span class=\"_ _1\"></span>-<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i c<span class=\"_ _1\"></span>ui<span class=\"_ _3\"></span>: Ti<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span>li <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i St<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1825 w344 h33b\"><div class=\"t m1b x17f h8e y1822 ff2 fs2e fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Tito<span class=\"_ _3\"></span>li <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i c<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>it<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x455 y1825 w345 h33b\"><div class=\"t m1b x17f h8e y1822 ff2 fs2e fc1 sc0 ls0 ws0\">342.<span class=\"_ _0\"></span>278<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x456 y1825 w346 h33b\"><div class=\"t m1b x17f h8e y1822 ff2 fs2e fc1 sc0 ls0 ws0\">38.<span class=\"_ _0\"></span>075<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m1b x34d h8e y1826 ff2 fs2e fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>F<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nzi<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>ment<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w347 h33b\"><div class=\"t m1b x17f h8d y1820 ff3 fs2e fc1 sc0 ls0 ws0\">Tota<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x457 y16d8 w348 h33b\"><div class=\"t m1b x17f h8d y1820 ff3 fs2e fc1 sc0 ls0 ws0\">342<span class=\"_ _0\"></span>.278<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x458 y16d8 w349 h33b\"><div class=\"t m1b x17f h8d y1820 ff3 fs2e fc1 sc0 ls0 ws0\">38.0<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr></table>Legenda:<span class=\"ff2\"> L1<span class=\"_ _0\"></span>= Livello <span class=\"_ _0\"></span>1; <span class=\"_ _3\"></span>L<span class=\"_ _0\"></span>2=<span class=\"_ _0\"></span> Li<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ello 2<span class=\"_ _0\"></span>; L3= Livello <span class=\"_ _0\"></span>3.<span class=\"ff5 fs2\"> </span></span>La <span class=\"_ _0\"></span>voce ac<span class=\"_ _0\"></span>cog<span class=\"_ _1\"></span>lie <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>fair v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>dicembre <span class=\"_ _0\"></span>2024 di <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>n\u00b0 5<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>,3 <span class=\"_ _0\"></span>milioni <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ioni <span class=\"_ _0\"></span>di B<span class=\"_ _0\"></span>anca Monte <span class=\"_ _0\"></span>dei Paschi <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>Siena <span class=\"_ _b\"></span>S.p.A. <span class=\"_ _5\"></span>(\u201cBMPS\u201d) <span class=\"_ _b\"></span>detenute <span class=\"_ _b\"></span>dalla <span class=\"_ _5\"></span>Soci<span class=\"_ _3\"></span>et\u00e0. <span class=\"_ _5\"></span>L\u2019<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>creme<span class=\"_ _1\"></span>nto <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>oce <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ispetto <span class=\"_ _b\"></span>all\u2019esercizio precedente <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>dovuto <span class=\"_ _3\"></span>(i) <span class=\"_ _1\"></span>all\u2019ac<span class=\"_ _1\"></span>quisto <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>azioni <span class=\"_ _3\"></span>effettuato <span class=\"_ _3\"></span>lo <span class=\"_ _3\"></span>scorso <span class=\"_ _3\"></span>novembre <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>controvalore <span class=\"_ _3\"></span>pa<span class=\"_ _1\"></span>ri a circa Euro 21<span class=\"_ _1\"></span>8,9 milioni (olt<span class=\"_ _1\"></span>re a oneri access<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ri - <span class=\"ff5\">I<span class=\"_ _1\"></span>tali<span class=\"_ _1\"></span>an Financia<span class=\"_ _1\"></span>l Transaction Tax<span class=\"ff2\">) e (ii) a<span class=\"_ _3\"></span>lla v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iazio<span class=\"_ _1\"></span>ne </span></span>positiva di fair value<span class=\"_ _1\"></span> evidenziata al <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1 dicemb<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e 20<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4, par<span class=\"_ _1\"></span>i a circa Euro 8<span class=\"_ _1\"></span>4,9 milioni. Si ricorda che i titoli classi<span class=\"_ _1\"></span>ficati in questa voce dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minan<span class=\"_ _1\"></span>o la contabilizzazione delle var<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>azioni di fair value d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019esercizio in una <span class=\"_ _0\"></span>riser<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a di <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>trimonio net<span class=\"_ _3\"></span>to<span class=\"_ _0\"></span>, nello <span class=\"_ _0\"></span>spe<span class=\"_ _3\"></span>ci<span class=\"_ _0\"></span>fic<span class=\"_ _1\"></span>o \u201c<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>60. R<span class=\"_ _0\"></span>ise<span class=\"_ _1\"></span>rva d<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>valutazione\"<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>in base <span class=\"_ _c\"> </span>alle <span class=\"_ _c\"> </span>previsioni <span class=\"_ _c\"> </span>contenute <span class=\"_ _c\"> </span>nell\u2019IF<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>S <span class=\"_ _c\"> </span>9. <span class=\"_ _c\"> </span>Tale <span class=\"_ _c\"> </span>tratta<span class=\"_ _1\"></span>mento <span class=\"_ _c\"> </span>contabile <span class=\"_ _16\"> </span>\u00e8  coerente <span class=\"_ _c\"> </span>con <span class=\"_ _16\"> </span>la  f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nalit\u00e0 dell\u2019investimento. 3.2 <span class=\"_ _f\"> </span>Attivit\u00e0<span class=\"_ _3\"></span>  fin<span class=\"_ _1\"></span>anziarie <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>alutate <span class=\"_ _f\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>fair <span class=\"_ _f\"></span>value <span class=\"_ _f\"></span>con <span class=\"_ _6\"></span>impa<span class=\"_ _1\"></span>tto <span class=\"_ _f\"> </span>sulla <span class=\"_ _f\"></span>redd<span class=\"_ _1\"></span>itivit\u00e0 <span class=\"_ _f\"> </span>com<span class=\"_ _1\"></span>plessiva: <span class=\"_ _f\"></span>composi<span class=\"_ _3\"></span>zione <span class=\"_ _f\"> </span>per debitori/e<span class=\"_ _1\"></span>mittente <table class=\"s w34a h370\" id=\"_6cda4ef5-6366-4ee0-9ad8-fff039450534\"><tr><td class=\"c n x1a9 y1828 w34b h371\"><div class=\"t m1c x17f h90 y1827 ff3 fs2f fc1 sc0 ls0 ws0\">Voci<span class=\"_ _0\"></span>/Val<span class=\"_ _0\"></span>ori<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x459 y1828 w34c h371\"><div class=\"t m1c x17f h90 y1827 ff3 fs2f fc1 sc0 ls0 ws0\">Total<span class=\"_ _0\"></span>e 31.12.20<span class=\"_ _0\"></span>24</div></td><td class=\"c n x45a y1828 w34d h371\"><div class=\"t m1c x17f h90 y1827 ff3 fs2f fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ale 31.12<span class=\"_ _0\"></span>.2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1829 w34e h33a\"><div class=\"t m1c x17f h90 y1827 ff2 fs2f fc1 sc0 ls0 ws0\">1. Tit<span class=\"_ _1\"></span>ol<span class=\"_ _3\"></span>i di deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x45b y1829 w34f h371\"><div class=\"t m1c x17f h90 y1827 ff3 fs2f fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x45c y1829 w34f h371\"><div class=\"t m1c x17f h90 y1827 ff3 fs2f fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y182b w350 h372\"><div class=\"t m1c x17f h91 y182a ff2 fs2f fc1 sc0 ls0 ws0\">2. Tit<span class=\"_ _1\"></span>ol<span class=\"_ _3\"></span>i di capit<span class=\"_ _3\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x45d y182b w351 h372\"><div class=\"t m1c x17f h91 y182a ff2 fs2f fc1 sc0 ls0 ws0\">342.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>78<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x45e y182b w352 h372\"><div class=\"t m1c x17f h91 y182a ff2 fs2f fc1 sc0 ls0 ws0\">38.<span class=\"_ _0\"></span>075<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y182c w353 h372\"><div class=\"t m1c x17f h91 y182a ff2 fs2f fc1 sc0 ls0 ws0\">a<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> Banch<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x45f y182c w354 h372\"><div class=\"t m1c x17f h91 y182a ff2 fs2f fc1 sc0 ls0 ws0\">342.<span class=\"_ _0\"></span>278<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x460 y182c w355 h372\"><div class=\"t m1c x17f h91 y182a ff2 fs2f fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>8.075<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y182d w356 h33a\"><div class=\"t m1c x17f h90 y1827 ff2 fs2f fc1 sc0 ls0 ws0\">3. F<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>ziament<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x461 y182d w357 h371\"><div class=\"t m1c x17f h90 y1827 ff3 fs2f fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x462 y182d w34f h371\"><div class=\"t m1c x17f h90 y1827 ff3 fs2f fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w358 h371\"><div class=\"t m1c x17f h90 y1827 ff3 fs2f fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x463 y16d8 w359 h371\"><div class=\"t m1c x17f h90 y1827 ff3 fs2f fc1 sc0 ls0 ws0\">342.<span class=\"_ _0\"></span>278<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x464 y16d8 w35a h371\"><div class=\"t m1c x17f h90 y1827 ff3 fs2f fc1 sc0 ls0 ws0\">38.07<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr></table>Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 4 \u2013 Attivit\u00e0 finanziarie val<span class=\"_ _0\"></span>ut<span class=\"_ _3\"></span>ate <span class=\"_ _0\"></span>al co<span class=\"_ _1\"></span>sto am<span class=\"_ _1\"></span>mortizz<span class=\"_ _0\"></span>ato<span class=\"_ _1\"></span> \u2013 Voce 40 4.1 Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al cos<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o ammortizza<span class=\"_ _3\"></span>to: composizione merceolo<span class=\"_ _1\"></span>gica <table class=\"s w380 h376\" id=\"_d5361f16-26e9-4a9e-b9a5-5936273f5037\"><tr><td></td><td></td><td class=\"c n x465 y185f w381 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">Totale 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x491 y185f w382 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ota<span class=\"_ _1\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2023<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m1d x492 h93 y1860 ff3 fs31 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore<span class=\"_ _0\"></span> d<span class=\"_ _3\"></span>i bilan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></td><td></td><td></td><td class=\"c x493 y1861 w2b h76\"><div class=\"t m1d x3b h93 y61d ff3 fs31 fc1 sc0 ls0 ws0\">Fai<span class=\"_ _1\"></span>r Valu<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"t m1d x3bb h93 y1860 ff3 fs31 fc1 sc0 ls0 ws0\">Valo<span class=\"_ _1\"></span>re di bil<span class=\"_ _3\"></span>ancio<span class=\"_ _4a1\"> </span></td><td></td><td></td><td class=\"c x494 y1861 w2b h76\"><div class=\"t m1d x3b h93 y61d ff3 fs31 fc1 sc0 ls0 ws0\">Fai<span class=\"_ _1\"></span>r Valu<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m1d x3b6 h94 y1862 ff2 fs31 fc1 sc0 ls0 ws0\">Primo <span class=\"_ _1\"></span>e </td><td class=\"t m1d x3b8 h94 y1863 ff2 fs31 fc1 sc0 ls0 ws0\">di<span class=\"_ _1\"></span> cui: impaire<span class=\"_ _3\"></span>d </td><td></td><td></td><td></td><td></td><td class=\"t m1d x495 h94 y1862 ff2 fs31 fc1 sc0 ls0 ws0\">Primo <span class=\"_ _1\"></span>e </td><td class=\"t m1d x336 h94 y1863 ff2 fs31 fc1 sc0 ls0 ws0\">di<span class=\"_ _1\"></span> cui: impaire<span class=\"_ _3\"></span>d </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1d x2ed h93 y1864 ff3 fs31 fc1 sc0 ls0 ws0\">Dett<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>glio<span class=\"_ _1\"></span>/Valo<span class=\"_ _3\"></span>ri<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x3b6 h94 y1865 ff2 fs31 fc1 sc0 ls0 ws0\">secondo<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>ta<span class=\"_ _1\"></span>dio<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x496 h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">Terzo stad<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x497 h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">acq<span class=\"_ _1\"></span>uisite<span class=\"_ _1\"></span> o </td><td class=\"c n x498 y1867 w383 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x499 y1867 w384 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x49a y1867 w384 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L3</div></td><td class=\"t m1d x495 h94 y1865 ff2 fs31 fc1 sc0 ls0 ws0\">secondo<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>ta<span class=\"_ _1\"></span>dio<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x49b h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">Terzo stad<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x49c h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">acq<span class=\"_ _1\"></span>uisite<span class=\"_ _1\"></span> o </td><td class=\"c n x49d y1867 w383 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x49e y1867 w385 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L<span class=\"_ _1\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x49f y1867 w385 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L<span class=\"_ _1\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1868 w386 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Credit<span class=\"_ _1\"></span>i per servi<span class=\"_ _3\"></span>zio <span class=\"_ _0\"></span>di g<span class=\"_ _3\"></span>estioni di patr<span class=\"_ _1\"></span>imoni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a0 y1868 w387 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>32<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>17<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a1 y1868 w388 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>69<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1d x4a2 h94 y1869 ff2 fs31 fc1 sc0 ls0 ws0\">orig<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _1\"></span>te<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n x4a3 y1868 w389 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>0.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>27<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a4 y1868 w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">5.115<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a5 y1868 w38b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">132<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>17<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a6 y1868 w38c h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1d x4a7 h94 y1869 ff2 fs31 fc1 sc0 ls0 ws0\">origi<span class=\"_ _1\"></span>nate<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n x4a8 y1868 w38d h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>29.894<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a9 y1868 w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6.398<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y186a w38e h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> gestion<span class=\"_ _1\"></span>e di OICR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4aa y186a w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>01.894<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ab y186a w390 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.369<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4ac y186a w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>0.148<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ad y186a w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">5.115<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ae y186a w391 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>1.919<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4af y186a w392 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4.<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4b0 y186a w393 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">89.596<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4b1 y186a w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6.398<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y186b w394 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> gestion<span class=\"_ _1\"></span>e indi<span class=\"_ _1\"></span>viduale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4b2 y186b w395 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">22<span class=\"_ _0\"></span>.998<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b3 y186b w393 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">22.998<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4b4 y186b w391 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>1.294<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b5 y186b w396 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">11.294<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y186c w397 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> gestion<span class=\"_ _1\"></span>e di fondi pen<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4b6 y186c w398 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">7.281<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b7 y186c w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">7.281<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4b8 y186c w391 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>9.004<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b9 y186c w396 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">29.004<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y186d w399 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Credit<span class=\"_ _1\"></span>i per al<span class=\"_ _1\"></span>tri servizi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ba y186d w398 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1.147<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4bb y186d w39a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bc y186d w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>55<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bd y186d w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>36<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4be y186d w39c h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">138<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bf y186d w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>98<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y186e w39d h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> consulenze<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c0 y186e w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">49<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c1 y186e w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4c2 y186e w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>38<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c3 y186e w39c h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">138<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m1d x2ed h94 y186f ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> funzioni azie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>da<span class=\"_ _1\"></span>li in outsour<span class=\"_ _1\"></span>cing<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1870 w39e h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> altr<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c4 y1870 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">655<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x4c5 y1870 w3a0 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">655<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bd y1870 w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>98<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x4c6 y1870 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">698<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1871 w3a1 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Altri cre<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>i:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c7 y1871 w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>23.171<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c8 y1871 w3a2 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">12<span class=\"_ _0\"></span>3.<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>71<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4c9 y1871 w3a3 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">291.010<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4ca y1871 w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">291.<span class=\"_ _0\"></span>010<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m1d x2ed h94 y1872 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> pronti con<span class=\"_ _1\"></span>tro t<span class=\"_ _1\"></span>ermine<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1873 w3a4 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> deposit<span class=\"_ _1\"></span>i a scadenza <span class=\"_ _1\"></span>e cont<span class=\"_ _1\"></span>i corre<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4cb y1873 w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">122<span class=\"_ _0\"></span>.613<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4cc y1873 w389 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">12<span class=\"_ _0\"></span>2.<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>13<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4cd y1873 w3a5 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">290.310<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4ce y1873 w38d h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">290.<span class=\"_ _0\"></span>310<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1874 w39e h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> altr<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c4 y1874 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">558<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4cf y1874 w39a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>58<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4d0 y1874 w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>00<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4d1 y1874 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">700<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m1d x2ed h94 y1875 ff2 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Tit<span class=\"_ _1\"></span>oli di debito<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w3a6 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">Totale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d2 y16d8 w3a7 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>56.<span class=\"_ _0\"></span>491<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d3 y16d8 w3a8 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.369<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4d4 y16d8 w3a9 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">25<span class=\"_ _0\"></span>4.090<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d5 y16d8 w3aa h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>.77<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d6 y16d8 w3a9 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">42<span class=\"_ _0\"></span>4.063<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d7 y16d8 w3aa h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4d8 y16d8 w3a7 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>21.04<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d9 y16d8 w3ab h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>096<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella <span class=\"_ _f\"></span>tabel<span class=\"_ _3\"></span>la <span class=\"_ _f\"> </span>sopra <span class=\"_ _6\"></span>rappresentata <span class=\"_ _6\"></span>nella <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>oce <span class=\"_ _6\"></span>\u201c1. <span class=\"_ _6\"></span>Crediti <span class=\"_ _6\"></span>per <span class=\"_ _f\"> </span>se<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>vizio <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>di <span class=\"_ _6\"></span>patrimoni\u201d <span class=\"_ _6\"></span>sono classificati <span class=\"_ _d\"> </span>(i) <span class=\"_ _e\"> </span>i <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>rediti <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>ommiss<span class=\"_ _1\"></span>ioni <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>gestione <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>performan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>Gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o <span class=\"_ _e\"> </span>va<span class=\"_ _1\"></span>nta principalmente <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>confronti <span class=\"_ _0\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>fondi <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>esso <span class=\"_ _b\"></span>istituiti, <span class=\"_ _0\"></span>(ii)<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>crediti <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>le <span class=\"_ _0\"></span>commissioni <span class=\"_ _b\"></span>derivanti <span class=\"_ _b\"></span>dalle deleghe <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>gestio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>(<span class=\"_ _1\"></span>iii) <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>diti <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>le <span class=\"_ _0\"></span>commissio<span class=\"_ _1\"></span>ni <span class=\"_ _b\"></span>derivanti <span class=\"_ _0\"></span>dall<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>gestione <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>patrimo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>a favore di clie<span class=\"_ _1\"></span>ntela istituzionale, <span class=\"_ _1\"></span>retail, private e fon<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> pensi<span class=\"_ _1\"></span>one. La <span class=\"_ _f\"> </span>variazione <span class=\"_ _6\"></span>della <span class=\"_ _f\"> </span>voce, <span class=\"_ _f\"> </span>risp<span class=\"_ _1\"></span>etto <span class=\"_ _f\"> </span>all\u2019esercizi<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>precedente <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incipalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _f\"> </span>attr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>buibi<span class=\"_ _1\"></span>le <span class=\"_ _f\"> </span>a <span class=\"_ _f\"></span>(i)<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>minori crediti <span class=\"_ _0\"></span>derivanti dalle <span class=\"_ _0\"></span>ritenute <span class=\"_ _0\"></span>fiscali <span class=\"_ _0\"></span>ed<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>imposte <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ostitutive calcolate <span class=\"_ _0\"></span>sui <span class=\"_ _0\"></span>prodotti <span class=\"_ _0\"></span>gestiti <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>quali le SGR <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>l Gruppo <span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>iscono quali <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>stitut<span class=\"_ _1\"></span>o di<span class=\"_ _0\"></span> imposta<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>per circ<span class=\"_ _0\"></span>a Euro 14,4 milioni al netto <span class=\"_ _0\"></span>di (ii) maggiori crediti <span class=\"_ _f\"> </span>riferiti <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>commissioni <span class=\"_ _6\"></span>corr<span class=\"_ _0\"></span>elate<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>prodotti <span class=\"_ _6\"></span>g<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>dal<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _f\"> </span>circa <span class=\"_ _f\"> </span>E<span class=\"_ _1\"></span>uro <span class=\"_ _f\"> </span>13,9 <span class=\"_ _6\"></span>mi<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>oni. <span class=\"_ _f\"> </span>Il contributo di Kair<span class=\"_ _1\"></span>os SGR alla sott<span class=\"_ _1\"></span>ovoce \u00e8 pari a circ<span class=\"_ _3\"></span>a E<span class=\"_ _0\"></span>uro 9,8 <span class=\"_ _1\"></span>milioni. I <span class=\"_ _b\"></span>cred<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i <span class=\"_ _5\"></span>correlati <span class=\"_ _b\"></span>alle <span class=\"_ _b\"></span>commissi<span class=\"_ _1\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>gestione <span class=\"_ _b\"></span>sopra <span class=\"_ _0\"></span>esposti <span class=\"_ _b\"></span>son<span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>in<span class=\"_ _1\"></span>cassati <span class=\"_ _b\"></span>prevalentemente <span class=\"_ _b\"></span>entro <span class=\"_ _5\"></span>il mese successivo alla <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> di riferimento.<span class=\"_ _1\"></span> Nella  v<span class=\"_ _1\"></span>oc<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>\"2.  Cre<span class=\"_ _1\"></span>diti  per  a<span class=\"_ _1\"></span>ltri  se<span class=\"_ _1\"></span>rvizi\"  so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>rappresentati  pri<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cipa<span class=\"_ _1\"></span>lmente  i <span class=\"_ _f\"> </span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iti <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti  dalle attivit\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span><span class=\"ff5\">\u201c<span class=\"_ _0\"></span>order<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>routing\u201d<span class=\"_ _3\"></span><span class=\"ff2\"> <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span><span class=\"ff5\">\u201csecuritie<span class=\"_ _1\"></span>s <span class=\"_ _b\"></span>lending\u201d<span class=\"ff2\"> <span class=\"_ _0\"></span>effettuate <span class=\"_ _0\"></span>dall<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>controllata <span class=\"_ _0\"></span>Anima <span class=\"_ _b\"></span>Alternati<span class=\"_ _1\"></span>ve <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>circa </span></span></span></span>Euro <span class=\"_ _0\"></span>0,7 <span class=\"_ _0\"></span>milio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>e dall\u2019attivit\u00e0 d<span class=\"_ _0\"></span>i \u201c<span class=\"_ _0\"></span>Ad<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ory\u201d <span class=\"_ _0\"></span>effettua<span class=\"_ _1\"></span>ta d<span class=\"_ _0\"></span>alla co<span class=\"_ _0\"></span>ntrollata Anima <span class=\"_ _0\"></span>SGR per <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro 0<span class=\"_ _0\"></span>,2 milioni e dalla c<span class=\"_ _1\"></span>ontrollata Kairos SGR per <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1\"></span>Euro 0,2 mili<span class=\"_ _1\"></span>oni.<span class=\"fs30\"> </span>Nella v<span class=\"_ _1\"></span>oce \u201c3.<span class=\"_ _1\"></span> Altri <span class=\"_ _3\"></span>crediti\u201d so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>cl<span class=\"_ _0\"></span>ass<span class=\"_ _3\"></span>ific<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>(i) <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>sottovoce \u201c3<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>depositi <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>scade<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>e conti <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>orre<span class=\"_ _1\"></span>nti\u201d i <span class=\"_ _0\"></span><span class=\"ff5\">time deposit</span> <span class=\"_ _0\"></span>aperti con <span class=\"_ _0\"></span>pr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mari istituti d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>credit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>er <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>imp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a circa Euro <span class=\"_ _0\"></span>122,6 milioni (circa Euro 290,3 <span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>lio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>nel pre<span class=\"_ _1\"></span>cedente <span class=\"_ _1\"></span>esercizio) <span class=\"_ _1\"></span>e (ii) ne<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>sottovoce \u201c3.3 <span class=\"_ _1\"></span>altri\u201d i <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>diti finanz<span class=\"_ _1\"></span>iari iscritti <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> relazione <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>contratti <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>sublocazione d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _0\"></span>costituite <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>diritti <span class=\"_ _0\"></span>d\u2019uso <span class=\"_ _0\"></span>acquisiti <span class=\"_ _0\"></span>tramite contratti <span class=\"_ _0\"></span>di loc<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _6\"></span>rientranti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>campo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>ap<span class=\"_ _1\"></span>plicazione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>pri<span class=\"_ _1\"></span>ncipio <span class=\"_ _6\"></span>contabile<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>IFRS <span class=\"_ _6\"></span>16, <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>0,6 <span class=\"_ _6\"></span>milioni (Euro 0,7 milioni al <span class=\"_ _1\"></span>31 dicembre 2023).<span class=\"_ _1\"></span><span class=\"fs30\"> </span>4.2 Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al cos<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o ammortizza<span class=\"_ _3\"></span>to: composizione per debi<span class=\"_ _1\"></span>tori/emittenti<span class=\"_ _3\"></span> <table class=\"s w35b h373\" id=\"_51c2d0f6-5676-4e61-9b72-f250af532434\"><tr><td></td><td></td><td></td><td class=\"c n x465 y182e w35c h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Ban<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x466 y182e w35d h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Societ<span class=\"_ _0\"></span>\u00e0<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>fin<span class=\"_ _3\"></span>anz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>ie<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x467 y182e w35e h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Cli<span class=\"_ _1\"></span>entela<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y182f w35f h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Co<span class=\"_ _3\"></span>mposizio<span class=\"_ _3\"></span>ne/Contro<span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rt<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x468 y182f w360 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">di <span class=\"_ _1\"></span>cui: del<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x469 y182f w361 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">di<span class=\"_ _1\"></span> c<span class=\"_ _0\"></span>ui<span class=\"_ _3\"></span>: del Gru<span class=\"_ _3\"></span>ppo<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x46a y182f w362 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">di c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i: <span class=\"_ _1\"></span>del G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>up<span class=\"_ _3\"></span>po<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c x1a9 y1831 w363 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x46b h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti per servi<span class=\"_ _3\"></span>zi di gestio<span class=\"_ _1\"></span>ne di pat<span class=\"_ _3\"></span>rimoni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x46c y1831 w364 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">4<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0</div></td><td class=\"t m1e x46d h95 y1832 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x46e y1831 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">24.8<span class=\"_ _0\"></span>30</div></td><td class=\"t m1e x46f h95 y1833 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x470 y1831 w366 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">11<span class=\"_ _0\"></span>0.312</div></td><td class=\"t m1e x471 h95 y1834 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td></tr><tr><td class=\"c n x1a9 y1835 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1835 w368 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">gestio<span class=\"_ _3\"></span>ne di OICR</div></td><td></td><td class=\"t m1e x46d h95 y1836 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x473 y1835 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">24.8<span class=\"_ _0\"></span>30</div></td><td class=\"t m1e x46f h95 y1837 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x474 y1835 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">80.43<span class=\"_ _0\"></span>3</div></td><td class=\"t m1e x471 h95 y1838 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td></tr><tr><td class=\"c n x1a9 y1839 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1839 w369 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">gestio<span class=\"_ _3\"></span>ne individu<span class=\"_ _3\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x475 y1839 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">400</div></td><td class=\"t m1e x476 h95 y183a ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"wsa\"> </span></span>-</td><td></td><td class=\"t m1e x477 h95 y183b ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"wsa\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x478 y1839 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">22.59<span class=\"_ _0\"></span>8</div></td><td class=\"t m1e x479 h95 y183c ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"wsa\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y183d w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y183d w36b h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">gestio<span class=\"_ _3\"></span>ne di fondi pension<span class=\"_ _1\"></span>e</div></td><td></td><td class=\"t m1e x476 h95 y183e ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws9\"> <span class=\"ws0\">-</span></span></span></td><td></td><td class=\"t m1e x477 h95 y183f ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws9\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td><td class=\"c n x47a y183d w36c h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">7.281</div></td><td class=\"t m1e x479 h95 y1840 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws9\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td></tr><tr><td class=\"c n x1a9 y1841 w36d h375\" colspan=\"2\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.<span class=\"_ _200\"> </span>Credi<span class=\"_ _1\"></span>ti per al<span class=\"_ _1\"></span>tri serviz<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x47b y1841 w36e h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1e x46d h95 y1842 ff3 fs32 fc1 sc0 ls5 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x47c y1841 w36f h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">492<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1e x46f h95 y1843 ff3 fs32 fc1 sc0 ls5 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x47d y1841 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">578<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1e x471 h95 y1844 ff3 fs32 fc1 sc0 ls5 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1845 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1845 w370 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">consule<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x47e y1845 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">492<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1846 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1846 w371 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">funzioni <span class=\"_ _1\"></span>aziend<span class=\"_ _1\"></span>ali in out<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ourcin<span class=\"_ _1\"></span>g<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1847 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1847 w372 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x47f y1847 w36e h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>7</div></td><td class=\"t m1e x476 h95 y1848 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws8\"> </span></span>-</td><td></td><td class=\"t m1e x477 h95 y1849 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws8\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x480 y1847 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">578</div></td><td class=\"t m1e x479 h95 y184a ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws8\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y184b w373 h375\" colspan=\"2\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.<span class=\"_ _200\"> </span>Altri cre<span class=\"_ _3\"></span>diti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x481 y184b w374 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">122<span class=\"_ _0\"></span>.61<span class=\"_ _0\"></span>3</div></td><td class=\"t m1e x46d h95 y184c ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td><td class=\"c n x482 y184b w375 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc3 sc0 ls0 ws0\">-</div></td><td class=\"t m1e x46f h95 y184d ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td><td class=\"c n x483 y184b w376 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">55<span class=\"_ _0\"></span>8</div></td><td class=\"t m1e x471 h95 y184e ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td></tr><tr><td class=\"c n x1a9 y184f w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y184f w377 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">pront<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>ontro t<span class=\"_ _1\"></span>erm<span class=\"_ _3\"></span>ine<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x484 y184f w375 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1850 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1850 w378 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">dep<span class=\"_ _1\"></span>ositi a scade<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _3\"></span>i correnti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x485 y1850 w374 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">122<span class=\"_ _0\"></span>.61<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1851 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1851 w372 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c x487 y1852 w379 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x486 h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x488 y1851 w375 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c x489 y1853 w37a h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x486 h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x48a y1851 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">558<span class=\"_ _4a1\"> </span></div></td><td class=\"c x48b y1854 w37a h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x486 h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1e x2ed h96 y1855 ff2 fs32 fc1 sc0 ls0 ws0\">4.<span class=\"_ _200\"> </span>Tito<span class=\"_ _1\"></span>li di debit<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1856 w37b h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">To<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>le<span class=\"_ _0\"></span> 31.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x48c y1856 w37c h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">123<span class=\"_ _0\"></span>.09<span class=\"_ _0\"></span>0</div></td><td class=\"t m1e x46d h95 y1857 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x48d y1856 w37d h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">25.<span class=\"_ _0\"></span>322</div></td><td class=\"t m1e x46f h95 y1858 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x48e y1856 w37e h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">111.448</div></td><td class=\"t m1e x471 h95 y1859 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y185a w37b h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">To<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>le<span class=\"_ _0\"></span> 31.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x48c y185a w37c h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">290<span class=\"_ _0\"></span>.54<span class=\"_ _0\"></span>7</div></td><td class=\"t m1e x46d h95 y185b ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x48f y185a w37d h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">11.<span class=\"_ _0\"></span>094</div></td><td class=\"t m1e x46f h95 y185c ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x490 y185a w37f h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">126.497</div></td><td class=\"t m1e x471 h95 y185d ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr></table>Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 1 \u2013 Passivit\u00e0 finanziarie val<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>ate al costo ammo<span class=\"_ _1\"></span>rtiz<span class=\"_ _0\"></span>zato <span class=\"_ _3\"></span>\u2013 V<span class=\"_ _0\"></span>oce 10<span class=\"_ _1\"></span> 1.1<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Passivit\u00e0 finanziarie valutate al c<span class=\"_ _0\"></span>osto<span class=\"_ _1\"></span> ammortizzato:<span class=\"_ _0\"></span> composizi<span class=\"_ _1\"></span>one merceologica dei debiti</span></span><table class=\"s w5a9 h39c\" id=\"_aa13623e-59a2-4126-b9b7-a3d51fa5b324\"><tr><td class=\"c n x1a9 y19a4 w5aa h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>tt<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>o/<span class=\"_ _0\"></span>Valo<span class=\"_ _0\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ad y19a4 w5ab h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ae y19a4 w5ac h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a5 w5ad h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti verso<span class=\"_ _3\"></span> reti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>ve<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ta:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6af y19a5 w5ae h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">167.<span class=\"_ _0\"></span>258<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b0 y19a5 w5af h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">148<span class=\"_ _0\"></span>.56<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a6 w5b0 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o OIC<span class=\"_ _0\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b1 y19a6 w5b1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">163.13<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b2 y19a6 w5b2 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">14<span class=\"_ _0\"></span>4.9<span class=\"_ _0\"></span>80<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a7 w5b3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i in<span class=\"_ _3\"></span>div<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b3 y19a7 w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>565<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b4 y19a7 w5b5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.48<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a8 w5b6 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o fon<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> pen<span class=\"_ _3\"></span>si<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b5 y19a8 w5b7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.561<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b6 y19a8 w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>102<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a9 w5b8 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>\u00e0 d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span>ne:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b7 y19a9 w5b9 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3.356<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b8 y19a9 w5b5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>210<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19aa w5ba h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>per gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> pro<span class=\"_ _3\"></span>prie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b9 y19aa w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>292<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y19ab w5bb h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>per gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> ricevut<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>in<span class=\"_ _3\"></span> de<span class=\"_ _0\"></span>le<span class=\"_ _1\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ba y19ab w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.062<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bb y19ab w5bc h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span>93<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ac w5bd h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>per alt<span class=\"_ _1\"></span>ro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bc y19ac w5be h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bd y19ac w5bf h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">17<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ad w5c0 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er altri <span class=\"_ _3\"></span>servizi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6be y19ad w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bf y19ad w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ae w5c2 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c0 y19ae w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">44.92<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c1 y19ae w5c4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>2.6<span class=\"_ _0\"></span>47<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19af w5c5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>pron<span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>i co<span class=\"_ _3\"></span>nt<span class=\"_ _3\"></span>ro t<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rmi<span class=\"_ _1\"></span>ne<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c2 y19af w5be h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c3 y19af w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b0 w5c6 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>D<span class=\"_ _0\"></span>ebit<span class=\"_ _1\"></span>i p<span class=\"_ _3\"></span>er leasi<span class=\"_ _3\"></span>ng<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c4 y19b0 w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">26.0<span class=\"_ _0\"></span>90<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c5 y19b0 w5c7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>917<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b1 w5c8 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>tri deb<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c6 y19b1 w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">18.8<span class=\"_ _0\"></span>39<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c7 y19b1 w5c7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">13.7<span class=\"_ _0\"></span>30<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b3 w5c9 h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c8 y19b3 w5ca h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">215.54<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c9 y19b3 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">18<span class=\"_ _0\"></span>3.42<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m29 x1fd hc7 y19b4 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 1<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19b6 w5cc h39d\"><div class=\"t m29 x17f hc7 y19b5 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ca y19b7 w5cd h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">196.7<span class=\"_ _0\"></span>33<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cb y19b7 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>69.75<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b8 w5cc h39d\"><div class=\"t m29 x17f hc7 y19b5 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cc y19b9 w5ce h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">18.810<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cd y19b9 w5cf h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">13.6<span class=\"_ _0\"></span>65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w5d0 h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale fair<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>val<span class=\"_ _0\"></span>ue<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ce y16d8 w5ca h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">215.54<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cf y16d8 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>83.42<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr></table>I <span class=\"_ _b\"></span>valor<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>ind<span class=\"_ _1\"></span>icati <span class=\"_ _b\"></span>nella <span class=\"_ _b\"></span>sottovoce <span class=\"_ _b\"></span>\u201c1. <span class=\"_ _b\"></span>Debiti <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erso <span class=\"_ _b\"></span>ret<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>endita\u201d <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>riconducibili <span class=\"_ _b\"></span>quasi <span class=\"_ _b\"></span>interame<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>te alle <span class=\"_ _e\"> </span>commissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _d\"> </span>da <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>iconos<span class=\"_ _1\"></span>cere <span class=\"_ _e\"> </span>ai <span class=\"_ _d\"> </span>di<span class=\"_ _0\"></span>str<span class=\"_ _1\"></span>ibutori <span class=\"_ _d\"> </span>dei <span class=\"_ _19\"> </span>prod<span class=\"_ _1\"></span>otti <span class=\"_ _d\"> </span>i<span class=\"_ _0\"></span>stitu<span class=\"_ _1\"></span>iti <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>gestiti <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>Gruppo; <span class=\"_ _e\"> </span>tali commissioni <span class=\"_ _b\"></span>verrann<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>pagate <span class=\"_ _b\"></span>quasi <span class=\"_ _b\"></span>interamente <span class=\"_ _0\"></span>nel <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rso<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>primo <span class=\"_ _b\"></span>trimestre <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>202<span class=\"_ _1\"></span>5. <span class=\"_ _b\"></span>L\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>um<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to, rispetto <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _b\"></span>2023, <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>principalme<span class=\"_ _1\"></span>nte <span class=\"_ _5\"></span>dovuto <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giori <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mmissioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ollo<span class=\"_ _1\"></span>camento <span class=\"_ _5\"></span>pe<span class=\"_ _1\"></span>r circa Euro 17,2 milio<span class=\"_ _1\"></span>ni. Il contribut<span class=\"_ _1\"></span>o di Kairos alla s<span class=\"_ _1\"></span>ottovoce \u00e8 pari a ci<span class=\"_ _1\"></span>rca Euro 2,7 milio<span class=\"_ _1\"></span>ni. Nella <span class=\"_ _1d\"> </span>sottovoce <span class=\"_ _18\"> </span>\u201c2. <span class=\"_ _1d\"> </span>Debiti <span class=\"_ _18\"> </span>per <span class=\"_ _1d\"> </span>attivit\u00e0 <span class=\"_ _1d\"> </span>di <span class=\"_ _18\"> </span>gestione\u201d, <span class=\"_ _18\"> </span>sono<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>evidenziati <span class=\"_ _18\"> </span>i <span class=\"_ _1d\"> </span>debiti <span class=\"_ _18\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>conducibili principalmente <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>commissioni da <span class=\"_ _b\"></span>ricon<span class=\"_ _1\"></span>oscere <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>distributori<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Sica<span class=\"_ _1\"></span>v <span class=\"_ _0\"></span>promosse <span class=\"_ _0\"></span>e/o g<span class=\"_ _0\"></span>estite<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>dal Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> per ci<span class=\"_ _1\"></span>rca 2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1 milioni e (ii) alle commissioni per l\u2019attivit\u00e0 di gestioni di patrimo<span class=\"_ _1\"></span>ni a f<span class=\"_ _0\"></span>av<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re di enti fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>svol<span class=\"_ _0\"></span>te da Ka<span class=\"_ _1\"></span>iros SGR per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>cir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a Euro 1,3 m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>lioni. La <span class=\"_ _5\"></span>sottovoce <span class=\"_ _b\"></span>\u201c<span class=\"_ _0\"></span>4. <span class=\"_ _5\"></span>Alt<span class=\"_ _1\"></span>ri <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>bi<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>4.2 <span class=\"_ _b\"></span>D<span class=\"_ _0\"></span>ebit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>per <span class=\"_ _5\"></span>leasing\u201d <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>costituita <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>debi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>iduo, <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2024, <span class=\"_ _3\"></span>in <span class=\"_ _1\"></span>relazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>ai di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itti <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>\u2019uso <span class=\"_ _3\"></span>isc<span class=\"_ _1\"></span>ritti <span class=\"_ _1\"></span>in <span class=\"_ _3\"></span>all\u2019applicazione <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>principio <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontabi<span class=\"_ _1\"></span>le <span class=\"_ _3\"></span>IFRS <span class=\"_ _3\"></span>16. L<span class=\"_ _3\"></span>\u2019incremento della <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>importo <span class=\"_ _5\"></span>complessivo <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>circa <span class=\"_ _5\"></span>Eu<span class=\"_ _0\"></span>ro <span class=\"_ _5\"></span>14<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>6 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>dovuto <span class=\"_ _5\"></span>princ<span class=\"_ _0\"></span>ipalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>(i) <span class=\"_ _6\"></span>ai debiti <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>contratti d<span class=\"_ _0\"></span>i locazione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>rela<span class=\"_ _1\"></span>tivi <span class=\"_ _b\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sedi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Milano, <span class=\"_ _0\"></span>Roma <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Torino <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa Euro <span class=\"_ _1\"></span>2,3 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>oltre a<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>locazione <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>auto <span class=\"_ _3\"></span>aziend<span class=\"_ _0\"></span>ali <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>onces<span class=\"_ _1\"></span>se <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>uso <span class=\"_ _3\"></span>gratuito <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>person<span class=\"_ _0\"></span>ale<span class=\"_ _3\"></span> e <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>altri b<span class=\"_ _0\"></span>eni <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>un<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>complessi<span class=\"_ _1\"></span>vo <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a c<span class=\"_ _0\"></span>irca <span class=\"_ _0\"></span>Euro<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>0,7 m<span class=\"_ _0\"></span>ilio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(ii)<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>ai con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atti <span class=\"_ _0\"></span>di locazione <span class=\"_ _0\"></span>di Vita <span class=\"_ _6\"></span>Srl, <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>gl<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>im<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bili <span class=\"_ _6\"></span>strumentali <span class=\"_ _6\"></span>all\u2019attivi<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _f\"> </span>svolta <span class=\"_ _f\"> </span>dal<span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollata<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ndiretta <span class=\"_ _6\"></span>(siti <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>R<span class=\"_ _0\"></span>oma<span class=\"_ _1\"></span>, Gressoney e Ponte di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>L<span class=\"_ _0\"></span>egno) per circa Euro 5,6 milioni, oltre ai contratti di locazione degli arredi degli<span class=\"_ _4a1\"> </span> immobili d<span class=\"_ _3\"></span>i Roma e<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Gr<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ney <span class=\"_ _3\"></span>per ci<span class=\"_ _1\"></span>rca Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mil<span class=\"_ _1\"></span>ioni, al <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>iii) <span class=\"_ _3\"></span>dei p<span class=\"_ _1\"></span>agamenti <span class=\"_ _1\"></span>effettuati <span class=\"_ _3\"></span>nel <span class=\"_ _1\"></span>corso del <span class=\"_ _f\"> </span>periodo. <span class=\"_ _f\"> </span>Per <span class=\"_ _6\"></span>maggiori <span class=\"_ _f\"> </span>informazioni <span class=\"_ _f\"></span>si <span class=\"_ _6\"></span>ri<span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>da<span class=\"_ _3\"></span>  a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la <span class=\"_ _f\"> </span>\u201cParte <span class=\"_ _6\"></span>D <span class=\"_ _f\"> </span>\u2013Altr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>  In<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ormazio<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"> </span>Sezione <span class=\"_ _6\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>\u2013 Informativa sul leasi<span class=\"_ _1\"></span>ng\u201d della prese<span class=\"_ _1\"></span>nte Nota integra<span class=\"_ _1\"></span>tiva consolidata.<span class=\"_ _3\"></span> La <span class=\"_ _6\"></span>sottovoce <span class=\"_ _b\"></span>\u201c<span class=\"_ _0\"></span>4. <span class=\"_ _5\"></span>Altri <span class=\"_ _5\"></span>debiti <span class=\"_ _5\"></span>\u2013 <span class=\"_ _6\"></span>4.3 <span class=\"_ _6\"></span>altri\u201d <span class=\"_ _5\"></span>comprende <span class=\"_ _5\"></span>(i) <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>inanziar<span class=\"_ _1\"></span>ia, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>Euro <span class=\"_ _5\"></span>1<span class=\"_ _0\"></span>4,4<span class=\"_ _3\"></span> milioni, <span class=\"_ _19\"> </span>rilevata <span class=\"_ _e\"> </span>a <span class=\"_ _19\"> </span>seguito<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>dell\u2019acq<span class=\"_ _1\"></span>uisizione <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _e\"> </span>Castello <span class=\"_ _19\"> </span>SGR <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>riferibile <span class=\"_ _e\"> </span>all\u2019ammontare <span class=\"_ _19\"> </span>atteso, opportunamente att<span class=\"_ _1\"></span>ualizzato, che la S<span class=\"_ _3\"></span>ociet\u00e0 prevede di c<span class=\"_ _1\"></span>orrispondere a <span class=\"_ _1\"></span>OCM OPPS X<span class=\"_ _1\"></span>b Investe<span class=\"_ _1\"></span>ments (Castello) <span class=\"_ _5\"></span>S.a.r.l. <span class=\"_ _b\"></span> <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>seguito <span class=\"_ _b\"></span>dell\u2019esercizio<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>dell\u2019opzio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>put <span class=\"_ _5\"></span>per <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _5\"></span>ef<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>etti <span class=\"_ _b\"></span>dell\u2019Accordo<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>put <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>call <span class=\"_ _b\"></span>per l\u2019acquisto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>20% d<span class=\"_ _0\"></span>i C<span class=\"_ _0\"></span>astell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>SG<span class=\"_ _1\"></span>R <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>(ii)<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>passivit\u00e0 f<span class=\"_ _0\"></span>ina<span class=\"_ _1\"></span>nziaria, <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>4,4 m<span class=\"_ _0\"></span>il<span class=\"_ _1\"></span>ioni, <span class=\"_ _0\"></span>rilevata <span class=\"_ _0\"></span>a seguito della<span class=\"_ _3\"></span> so<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>scrizi<span class=\"_ _1\"></span>one da<span class=\"_ _1\"></span> parte di <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>astell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> del p<span class=\"_ _1\"></span>atto p<span class=\"_ _1\"></span>arasociale c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n Hall<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span> S.p.a. e<span class=\"_ _1\"></span> riferibile all\u2019ammontare <span class=\"_ _16\"> </span>atteso, <span class=\"_ _16\"> </span>opportu<span class=\"_ _1\"></span>namente <span class=\"_ _16\"> </span>attualizz<span class=\"_ _1\"></span>ato, <span class=\"_ _16\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>la <span class=\"_ _16\"> </span>controllata <span class=\"_ _16\"> </span>Castello <span class=\"_ _16\"> </span>SGR <span class=\"_ _16\"> </span>prevede<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>di corrispondere <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>all<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>is <span class=\"_ _3\"></span>S.p.a.<span class=\"_ _1\"></span>, <span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>seguito <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizi<span class=\"_ _3\"></span>o dell<span class=\"_ _1\"></span>\u2019opzione <span class=\"_ _3\"></span>put <span class=\"_ _3\"></span>rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ita <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>21% <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>capitale <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>Vita Srl  e <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipli<span class=\"_ _1\"></span>nata  nell<span class=\"_ _1\"></span>\u2019ambito  del <span class=\"_ _f\"> </span>sopracitato <span class=\"_ _f\"> </span>patto  pa<span class=\"_ _1\"></span>rasociale.  Pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  ulte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iori <span class=\"_ _f\"> </span>dettagli  s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>manda  al paragrafo <span class=\"_ _c\"> </span>\u201cParte <span class=\"_ _c\"> </span>A <span class=\"_ _211\"> </span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>Politi<span class=\"_ _1\"></span>che <span class=\"_ _c\"> </span>contabili <span class=\"_ _c\"> </span>- <span class=\"_ _c\"> </span>Altr<span class=\"_ _0\"></span>e  informazioni <span class=\"_ _c\"> </span>\u201cOperazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _211\"> </span>conf<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mento <span class=\"_ _c\"> </span>ramo azienda in Vita Srl\u201d della p<span class=\"_ _3\"></span>resen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>No<span class=\"_ _0\"></span>ta i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teg<span class=\"_ _1\"></span>rativa consolidata.<span class=\"_ _1\"></span> Il contribut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>alla voce <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>0. Passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziar<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alut<span class=\"_ _1\"></span>ate <span class=\"_ _1\"></span>al costo amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtizzato\u201d (<span class=\"_ _3\"></span>i) di Kair<span class=\"_ _1\"></span>os SGR \u00e8 <span class=\"_ _3\"></span>pari a c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a Euro<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>5,7 milioni (di cui c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rca Euro <span class=\"_ _0\"></span>3 milioni riferiti a debiti <span class=\"_ _0\"></span>per leasing IFRS 16) e <span class=\"_ _0\"></span>(ii) di Vita <span class=\"_ _0\"></span>Srl \u00e8 pari a circa Euro 5,<span class=\"_ _1\"></span>9 milioni, riferiti es<span class=\"_ _1\"></span>clusivamente a<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> debiti per leasi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g IFRS 1<span class=\"_ _1\"></span>6.<span class=\"_ _4a1\"> </span>1.2<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Composizione d<span class=\"_ _1\"></span>elle \u201cPas<span class=\"_ _1\"></span>sivit\u00e0 finanziarie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alutat<span class=\"_ _1\"></span>e al <span class=\"_ _1\"></span>costo a<span class=\"_ _1\"></span>mmortizzat<span class=\"_ _1\"></span>o\u201d: \u201cTitoli <span class=\"_ _1\"></span>in circolazione\u201d<span class=\"_ _4a1\"> </span></span></span><span class=\"ff23\"><span class=\"ff5\"><span class=\"_ _8\"></span> </span></span>Titol<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span><table class=\"s w5d1 h39e\" id=\"_3f2a680a-3557-4da0-99b0-c6953ce84cc3\"><tr><td></td><td></td><td></td><td></td><td class=\"c x6d0 y19ba w2d hcd\"><div class=\"t m2a x3b hcb y611 ff3 fs48 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c x6d1 y19ba w2d hcd\"><div class=\"t m2a x3b hcb y611 ff3 fs48 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m2a x335 hcc y19bb ff2 fs48 fc1 sc0 ls0 ws0\">VB<span class=\"_ _4a1\"> </span></td><td></td><td class=\"t m2a x6d2 hcc y19bc ff2 fs48 fc1 sc0 ls0 ws0\">Fair<span class=\"_ _1\"></span> value<span class=\"_ _4a1\"> </span></td><td></td><td class=\"t m2a x6d3 hcc y19bb ff2 fs48 fc1 sc0 ls0 ws0\">VB<span class=\"_ _4a1\"> </span></td><td class=\"t m2a x49c hcc y19bc ff2 fs48 fc1 sc0 ls0 ws0\">Fair value<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c n x6d4 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d5 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d6 y19be w5d3 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6d7 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d8 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d9 y19be w5d4 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19bf w5d5 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">1. Titoli<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6da y19bf w5d6 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>85.21<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6db y19bf w5d7 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">56<span class=\"_ _0\"></span>4.03<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6dc y19c1 w5d8 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6dd y19c1 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6de y19bf w5da h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>84.145<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6df y19bf w5d7 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>38.3<span class=\"_ _0\"></span>20<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e0 y19c1 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6e1 y19c1 w5db h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td></tr><tr><td class=\"c n x1a9 y19c2 w5dc h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">- obbl<span class=\"_ _1\"></span>igazio<span class=\"_ _1\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6e2 y19c2 w5d6 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>85.21<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e3 y19c2 w5d6 h374\" colspan=\"2\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">56<span class=\"_ _0\"></span>4.03<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6e4 y19c2 w5dd h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>84.145<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e5 y19c2 w5d7 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>38.3<span class=\"_ _0\"></span>20<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m2a x2ed hcc y19c3 ff2 fs48 fc1 sc0 ls0 ws0\">- altri<span class=\"_ _1\"></span> tito<span class=\"_ _3\"></span>li<span class=\"_ _4a1\"> </span></td><td class=\"c n x4da y16d8 w5de h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e6 y16d8 w5df h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">58<span class=\"_ _0\"></span>5.2<span class=\"_ _0\"></span>14<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e7 y16d8 w5df h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">564<span class=\"_ _0\"></span>.03<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e8 y19c5 w5db h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6e9 y19c5 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6ea y16d8 w5e0 h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">584<span class=\"_ _0\"></span>.14<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6eb y16d8 w5df h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">538.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>20<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ec y19c5 w5db h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6ed y19c5 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td></tr></table>Legenda:<span class=\"ff2\"> <span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>B= Valo<span class=\"_ _3\"></span>re di bilanc<span class=\"_ _1\"></span>io; L1=<span class=\"_ _1\"></span> Livello 1; L2= <span class=\"_ _1\"></span>Livell<span class=\"_ _1\"></span>o 2; L3= Li<span class=\"_ _1\"></span>vello 3.<span class=\"_ _4a1\"> </span></span><span class=\"ff2\"><span class=\"_ _3\"></span> </span>La  voce <span class=\"_ _f\"> </span>\u201cTi<span class=\"_ _0\"></span>to<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i  \u2013 <span class=\"_ _f\"> </span>obbligazioni\u201d  \u00e8<span class=\"_ _1\"></span>  costituita <span class=\"_ _f\"> </span>da  titoli <span class=\"_ _f\"> </span>o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligazionari  emess<span class=\"_ _3\"></span>i  dalla  So<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0 <span class=\"_ _f\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>data  23 ottobre <span class=\"_ _5\"></span>2019 <span class=\"_ _5\"></span>(\u201cPrestito <span class=\"_ _5\"></span>Obbligazionario<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>2026\u201d)<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _6\"></span>22 <span class=\"_ _5\"></span>aprile <span class=\"_ _5\"></span>2021 <span class=\"_ _5\"></span>(\u201cPrestito <span class=\"_ _5\"></span>Obbligazi<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> 2028\u201d).  Il <span class=\"_ _0\"></span>Prestit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> Obbligazionario 2026 <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>esposto<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>nel Bilancio <span class=\"_ _0\"></span>al costo ammortizzato per un <span class=\"_ _0\"></span>ammonta<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>pari a circa E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ro <span class=\"_ _1\"></span>284 milioni. Tale<span class=\"_ _3\"></span> valore \u00e8 rap<span class=\"_ _1\"></span>presentat<span class=\"_ _1\"></span>o (i) dall\u2019<span class=\"_ _1\"></span>importo i<span class=\"_ _1\"></span>ncassato per<span class=\"_ _1\"></span> l\u2019emissione (al<span class=\"_ _3\"></span> n<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>o della <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ia<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quistata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>10 <span class=\"_ _f\"> </span>giugno <span class=\"_ _6\"></span>2020) <span class=\"_ _f\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _f\"> </span>circa <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"></span>282,4<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>milioni, <span class=\"_ _f\"> </span>(<span class=\"_ _1\"></span>ii) <span class=\"_ _f\"> </span>maggiorat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>degl<span class=\"_ _1\"></span>i interessi passivi mat<span class=\"_ _3\"></span>ur<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> dell\u2019ultimo stac<span class=\"_ _1\"></span>co cedola al 31 di<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>embre <span class=\"_ _1\"></span>2024 e dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minati <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on il<span class=\"_ _1\"></span> metodo del costo ammort<span class=\"_ _1\"></span>izzato (sulla base del tasso di interes<span class=\"_ _1\"></span>se effettivo) per circa Eur<span class=\"_ _1\"></span>o 2,1 mili<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ni e (iii) di<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>inuit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>dei <span class=\"_ _3\"></span>costi di<span class=\"_ _3\"></span> transazione <span class=\"_ _3\"></span>correlati a<span class=\"_ _3\"></span>ll\u2019<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>ssi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _3\"></span>obbligazionaria <span class=\"_ _3\"></span>che s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _1\"></span>stati <span class=\"_ _3\"></span>capitalizzati<span class=\"_ _4a1\"> </span>e sono esposti al va<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re r<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>iduo <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> c<span class=\"_ _0\"></span>ir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a Euro 0,<span class=\"_ _1\"></span>5 milioni.<span class=\"_ _4a1\"> </span>Con <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iferi<span class=\"_ _1\"></span>mento a<span class=\"_ _1\"></span>l P<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estito<span class=\"_ _1\"></span> O<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>bligazio<span class=\"_ _1\"></span>nario <span class=\"_ _3\"></span>2028, \u00e8 <span class=\"_ _3\"></span>esposto <span class=\"_ _3\"></span>nel<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Bilancio <span class=\"_ _1\"></span>al <span class=\"_ _3\"></span>costo a<span class=\"_ _1\"></span>mmortizzato, <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n ammontare <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>301,2 <span class=\"_ _6\"></span>milioni. <span class=\"_ _6\"></span>Tale <span class=\"_ _5\"></span>valor<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>resentato <span class=\"_ _6\"></span>(i) <span class=\"_ _f\"></span>dall<span class=\"_ _1\"></span>\u2019importo <span class=\"_ _6\"></span>incassat<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>a<span class=\"_ _4a1\"> </span>seguito <span class=\"_ _f\"> </span>dell\u2019emissione <span class=\"_ _f\"> </span>per  c<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ca  Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>298,2  m<span class=\"_ _3\"></span>ilioni,  (ii<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>maggiorato <span class=\"_ _f\"> </span>degli <span class=\"_ _f\"> </span>interessi  pa<span class=\"_ _1\"></span>ssivi <span class=\"_ _f\"> </span>maturati<span class=\"_ _4a1\"> </span>dall\u2019ultimo <span class=\"_ _5\"></span>stacco <span class=\"_ _6\"></span>cedola <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _5\"></span>2024 <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>determinati <span class=\"_ _5\"></span>con <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>costo <span class=\"_ _6\"></span>ammortizzato<span class=\"_ _3\"></span> (sulla <span class=\"_ _c\"> </span>base <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>tasso <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>interesse <span class=\"_ _c\"> </span>e<span class=\"_ _1\"></span>ffettivo) <span class=\"_ _c\"> </span>per <span class=\"_ _211\"> </span>circ<span class=\"_ _0\"></span>a  E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro <span class=\"_ _c\"> </span>4 <span class=\"_ _c\"> </span>milioni <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>(iii) <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>imin<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ito <span class=\"_ _211\"> </span>dei <span class=\"_ _c\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>i <span class=\"_ _16\"> </span>di transazione correlati all\u2019<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>obbligazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>naria che sono stati <span class=\"_ _0\"></span>capitalizza<span class=\"_ _1\"></span>ti <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sono esposti al <span class=\"_ _0\"></span>valore<span class=\"_ _4a1\"> </span>residuo per circa E<span class=\"_ _1\"></span>uro un milione.<span class=\"_ _3\"></span> Per <span class=\"_ _b\"></span>ulteriori <span class=\"_ _b\"></span>dettagli <span class=\"_ _b\"></span>sul <span class=\"_ _b\"></span>Prest<span class=\"_ _1\"></span>ito <span class=\"_ _b\"></span>Obbligazionario <span class=\"_ _0\"></span>2026 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>su<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>P<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estito <span class=\"_ _0\"></span>Obbligazionario <span class=\"_ _b\"></span>2028 <span class=\"_ _b\"></span>si <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nv<span class=\"_ _0\"></span>ia<span class=\"_ _1\"></span> alla <span class=\"_ _f\"> </span>\u201cParte <span class=\"_ _6\"></span>D<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>- <span class=\"_ _6\"></span>Altr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>  In<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ormazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _6\"></span>\u2013 <span class=\"_ _f\"> </span>Sezione <span class=\"_ _f\"> </span>3 <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"></span>I<span class=\"_ _3\"></span>nformazioni <span class=\"_ _f\"> </span>sui <span class=\"_ _f\"> </span>rischi <span class=\"_ _f\"> </span>e <span class=\"_ _6\"></span>sulle <span class=\"_ _f\"></span>relative <span class=\"_ _6\"></span>pol<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _f\"> </span>di<span class=\"_ _4a1\"> </span>copertura - 3.1 Risc<span class=\"_ _1\"></span>hi finanziari\u201d della p<span class=\"_ _1\"></span>resente N<span class=\"_ _1\"></span>ota Integr<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a c<span class=\"_ _1\"></span>onsolidata.<span class=\"_ _4a1\"> </span>1.5<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Passivit\u00e0 finanziarie valutate al c<span class=\"_ _0\"></span>osto<span class=\"_ _1\"></span> ammortizzato \u2013 Debiti: composiz<span class=\"_ _1\"></span>ione per c<span class=\"_ _0\"></span>ontroparte<span class=\"_ _1\"></span> </span></span><table class=\"s w5f9 h3a1\" id=\"_f044daf2-c3b4-41b9-b0f8-7c261c195777\"><tr><td></td><td></td><td class=\"c n x703 y19d2 w5fa h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">Ban<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he</div></td><td></td><td class=\"c n x704 y19d2 w5fb h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">S<span class=\"_ _0\"></span>ociet\u00e0 fin<span class=\"_ _3\"></span>anz<span class=\"_ _1\"></span>iari<span class=\"_ _3\"></span>e</div></td><td class=\"c n x705 y19d2 w5fc h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>lientel<span class=\"_ _1\"></span>a</div></td><td></td></tr><tr><td class=\"c n x1a9 y19d3 w5fd h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">Comp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>si<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one/Con<span class=\"_ _1\"></span>tropa<span class=\"_ _1\"></span>rte</div></td><td></td><td class=\"c n x706 y19d3 w5fe h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">d<span class=\"_ _3\"></span>i cui: del Gr<span class=\"_ _3\"></span>uppo</div></td><td></td><td class=\"c n x707 y19d3 w5ff h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">di cui: del G<span class=\"_ _3\"></span>ruppo</div></td><td></td><td class=\"c n x708 y19d3 w600 h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">di cui<span class=\"_ _1\"></span>: del Gru<span class=\"_ _3\"></span>ppo</div></td></tr><tr><td class=\"c n x1a9 y19d5 w601 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1. Debit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> ve<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>so ret<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i ven<span class=\"_ _1\"></span>dita</div></td><td class=\"c n x709 y19d5 w602 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">162<span class=\"_ _0\"></span>.641</div></td><td class=\"t ma x70a hce y19d6 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"wsf\"> </span>-  </td><td class=\"c n x70b y19d5 w603 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">930</div></td><td class=\"c x70c y19d7 w5db h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">-</div><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x70d y19d5 w604 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>687</div></td><td class=\"t ma x479 hce y19d6 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"wsf\"> </span>-  </td></tr><tr><td class=\"c n x1a9 y19d8 w605 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> attivit<span class=\"_ _3\"></span>\u00e0 di <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>oc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto OICR</div></td><td class=\"c n x70e y19d8 w606 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">158.9<span class=\"_ _0\"></span>49</div></td><td></td><td class=\"c n x70f y19d8 w603 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">735</div></td><td></td><td class=\"c n x710 y19d8 w607 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.448</div></td><td></td></tr><tr><td class=\"c n x1a9 y19d9 w608 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> attivit<span class=\"_ _3\"></span>\u00e0 di <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>oc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto ge<span class=\"_ _1\"></span>stioni<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>indivi<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ali</div></td><td class=\"c n x711 y19d9 w609 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.33<span class=\"_ _0\"></span>8</div></td><td></td><td></td><td></td><td class=\"c n x712 y19d9 w603 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">227</div></td><td></td></tr><tr><td class=\"c n x1a9 y19da w60a h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> attivit<span class=\"_ _3\"></span>\u00e0 di <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>oc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto fondi<span class=\"_ _1\"></span> pensione</div></td><td class=\"c n x713 y19da w609 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.35<span class=\"_ _0\"></span>4</div></td><td></td><td class=\"c n x714 y19da w60b h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">195</div></td><td></td><td class=\"c n x715 y19da w60c h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">12</div></td><td></td></tr><tr><td class=\"c n x1a9 y19db w60d h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2. Debit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> per<span class=\"_ _1\"></span> atti<span class=\"_ _3\"></span>vit\u00e0 di gesti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>e</div></td><td class=\"c n x716 y19db w60e h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>75</div></td><td class=\"t ma x70a hce y19dc ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td><td class=\"c n x717 y19db w60f h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span>25</div></td><td class=\"c x718 y19dd w5d9 h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x719 y19db w610 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>256</div></td><td class=\"t ma x479 hce y19dc ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td></tr><tr><td class=\"c n x1a9 y19de w611 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> gestioni propri<span class=\"_ _1\"></span>e</div></td><td class=\"c n x71a y19de w612 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">71</div></td><td></td><td class=\"c n x71b y19de w613 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span>21</div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19df w614 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> gestioni ric<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>vu<span class=\"_ _3\"></span>te in de<span class=\"_ _1\"></span>lega</div></td><td class=\"c n x71c y19df w615 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">80<span class=\"_ _0\"></span>4</div></td><td></td><td class=\"c n x71d y19df w616 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2</div></td><td></td><td class=\"c n x71e y19df w617 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.256</div></td><td></td></tr><tr><td class=\"c n x1a9 y19e0 w618 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> altro</div></td><td></td><td></td><td class=\"c n x71f y19e0 w619 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2</div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19e1 w61a h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">3. Debit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> per<span class=\"_ _1\"></span> altri se<span class=\"_ _1\"></span>rvizi</div></td><td class=\"c n x720 y19e1 w61b h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc3 sc0 ls0 ws0\">0</div></td><td class=\"t ma x70a hce y19e2 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td><td class=\"c n x721 y19e1 w619 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc3 sc0 ls0 ws0\">0</div></td><td class=\"c x718 y19e3 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x722 y19e1 w616 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc3 sc0 ls0 ws0\">0</div></td><td class=\"t ma x479 hce y19e2 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td></tr><tr><td class=\"c n x1a9 y19e4 w61c h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">4. A<span class=\"_ _0\"></span>ltr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> de<span class=\"_ _3\"></span>biti</div></td><td class=\"c n x723 y19e4 w61d h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>9</div></td><td class=\"t ma x70a hce y19e5 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td><td></td><td class=\"c x718 y19e6 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x724 y19e4 w61e h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">44<span class=\"_ _0\"></span>.900</div></td><td class=\"t ma x479 hce y19e5 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td></tr><tr><td class=\"t ma x2ed hd0 y19e7 ff2 fs49 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _0\"></span> pro<span class=\"_ _1\"></span>nti con<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>o ter<span class=\"_ _3\"></span>mine</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19e8 w61f h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _0\"></span> deb<span class=\"_ _3\"></span>iti per le<span class=\"_ _3\"></span>asi<span class=\"_ _0\"></span>ng</div></td><td></td><td></td><td></td><td></td><td class=\"c n x725 y19e8 w620 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>6.0<span class=\"_ _0\"></span>90</div></td><td></td></tr><tr><td class=\"c n x1a9 y19e9 w621 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _0\"></span> alt<span class=\"_ _3\"></span>ri</div></td><td class=\"c n x726 y19e9 w612 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">29</div></td><td></td><td></td><td></td><td class=\"c n x727 y19e9 w622 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">18<span class=\"_ _0\"></span>.810</div></td><td></td></tr><tr><td class=\"c n x1a9 y19ea w623 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">Totale 31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.202<span class=\"_ _0\"></span>4</div></td><td class=\"c n x728 y19ea w624 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">16<span class=\"_ _0\"></span>3.5<span class=\"_ _0\"></span>45</div></td><td class=\"t ma x729 hce y19eb ff3 fs49 fc1 sc0 ls0 ws0\">  -  </td><td class=\"c n x72a y19ea w625 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">2.155</div></td><td class=\"c x718 y19ec w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x72b y19ea w626 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">49.843</div></td><td class=\"c x72c y19ed w2e hd1\"><div class=\"t ma xb7 hce y611 ff3 fs49 fc1 sc0 ls0 ws0\">  -  </div></td></tr><tr><td class=\"c n x1a9 y19ee w623 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">Totale 31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.202<span class=\"_ _0\"></span>3</div></td><td class=\"c n x728 y19ee w624 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">15<span class=\"_ _0\"></span>9.6<span class=\"_ _0\"></span>00</div></td><td class=\"t ma x729 hce y19ef ff3 fs49 fc1 sc0 ls0 ws0\">  -  </td><td class=\"c n x72d y19ee w60b h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">465</div></td><td class=\"c x718 y16d8 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x72e y19ee w626 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">23.359</div></td><td class=\"c x72c y19f0 w2e hd1\"><div class=\"t ma xb7 hce y611 ff3 fs49 fc1 sc0 ls0 ws0\">  -  </div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-457": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs558\">Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 4 \u2013 Attivit\u00e0 finanziarie val<span class=\"_ _0\"></span>ut<span class=\"_ _3\"></span>ate <span class=\"_ _0\"></span>al co<span class=\"_ _1\"></span>sto am<span class=\"_ _1\"></span>mortizz<span class=\"_ _0\"></span>ato<span class=\"_ _1\"></span> \u2013 Voce 40 </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs559\">4.1 Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al cos<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o ammortizza<span class=\"_ _3\"></span>to: composizione merceolo<span class=\"_ _1\"></span>gica </div><div class=\"gs55a\"><table class=\"s w380 h376\" id=\"_d5361f16-26e9-4a9e-b9a5-5936273f5037\"><tr><td></td><td></td><td class=\"c n x465 y185f w381 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">Totale 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x491 y185f w382 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ota<span class=\"_ _1\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2023<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m1d x492 h93 y1860 ff3 fs31 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore<span class=\"_ _0\"></span> d<span class=\"_ _3\"></span>i bilan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></td><td></td><td></td><td class=\"c x493 y1861 w2b h76\"><div class=\"t m1d x3b h93 y61d ff3 fs31 fc1 sc0 ls0 ws0\">Fai<span class=\"_ _1\"></span>r Valu<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"t m1d x3bb h93 y1860 ff3 fs31 fc1 sc0 ls0 ws0\">Valo<span class=\"_ _1\"></span>re di bil<span class=\"_ _3\"></span>ancio<span class=\"_ _4a1\"> </span></td><td></td><td></td><td class=\"c x494 y1861 w2b h76\"><div class=\"t m1d x3b h93 y61d ff3 fs31 fc1 sc0 ls0 ws0\">Fai<span class=\"_ _1\"></span>r Valu<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m1d x3b6 h94 y1862 ff2 fs31 fc1 sc0 ls0 ws0\">Primo <span class=\"_ _1\"></span>e </td><td class=\"t m1d x3b8 h94 y1863 ff2 fs31 fc1 sc0 ls0 ws0\">di<span class=\"_ _1\"></span> cui: impaire<span class=\"_ _3\"></span>d </td><td></td><td></td><td></td><td></td><td class=\"t m1d x495 h94 y1862 ff2 fs31 fc1 sc0 ls0 ws0\">Primo <span class=\"_ _1\"></span>e </td><td class=\"t m1d x336 h94 y1863 ff2 fs31 fc1 sc0 ls0 ws0\">di<span class=\"_ _1\"></span> cui: impaire<span class=\"_ _3\"></span>d </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1d x2ed h93 y1864 ff3 fs31 fc1 sc0 ls0 ws0\">Dett<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>glio<span class=\"_ _1\"></span>/Valo<span class=\"_ _3\"></span>ri<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x3b6 h94 y1865 ff2 fs31 fc1 sc0 ls0 ws0\">secondo<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>ta<span class=\"_ _1\"></span>dio<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x496 h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">Terzo stad<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x497 h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">acq<span class=\"_ _1\"></span>uisite<span class=\"_ _1\"></span> o </td><td class=\"c n x498 y1867 w383 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x499 y1867 w384 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x49a y1867 w384 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L3</div></td><td class=\"t m1d x495 h94 y1865 ff2 fs31 fc1 sc0 ls0 ws0\">secondo<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>ta<span class=\"_ _1\"></span>dio<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x49b h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">Terzo stad<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x49c h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">acq<span class=\"_ _1\"></span>uisite<span class=\"_ _1\"></span> o </td><td class=\"c n x49d y1867 w383 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x49e y1867 w385 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L<span class=\"_ _1\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x49f y1867 w385 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L<span class=\"_ _1\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1868 w386 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Credit<span class=\"_ _1\"></span>i per servi<span class=\"_ _3\"></span>zio <span class=\"_ _0\"></span>di g<span class=\"_ _3\"></span>estioni di patr<span class=\"_ _1\"></span>imoni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a0 y1868 w387 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>32<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>17<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a1 y1868 w388 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>69<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1d x4a2 h94 y1869 ff2 fs31 fc1 sc0 ls0 ws0\">orig<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _1\"></span>te<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n x4a3 y1868 w389 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>0.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>27<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a4 y1868 w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">5.115<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a5 y1868 w38b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">132<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>17<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a6 y1868 w38c h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1d x4a7 h94 y1869 ff2 fs31 fc1 sc0 ls0 ws0\">origi<span class=\"_ _1\"></span>nate<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n x4a8 y1868 w38d h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>29.894<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a9 y1868 w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6.398<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y186a w38e h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> gestion<span class=\"_ _1\"></span>e di OICR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4aa y186a w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>01.894<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ab y186a w390 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.369<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4ac y186a w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>0.148<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ad y186a w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">5.115<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ae y186a w391 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>1.919<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4af y186a w392 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4.<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4b0 y186a w393 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">89.596<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4b1 y186a w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6.398<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y186b w394 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> gestion<span class=\"_ _1\"></span>e indi<span class=\"_ _1\"></span>viduale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4b2 y186b w395 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">22<span class=\"_ _0\"></span>.998<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b3 y186b w393 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">22.998<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4b4 y186b w391 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>1.294<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b5 y186b w396 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">11.294<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y186c w397 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> gestion<span class=\"_ _1\"></span>e di fondi pen<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4b6 y186c w398 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">7.281<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b7 y186c w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">7.281<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4b8 y186c w391 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>9.004<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b9 y186c w396 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">29.004<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y186d w399 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Credit<span class=\"_ _1\"></span>i per al<span class=\"_ _1\"></span>tri servizi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ba y186d w398 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1.147<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4bb y186d w39a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bc y186d w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>55<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bd y186d w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>36<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4be y186d w39c h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">138<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bf y186d w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>98<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y186e w39d h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> consulenze<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c0 y186e w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">49<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c1 y186e w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4c2 y186e w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>38<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c3 y186e w39c h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">138<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m1d x2ed h94 y186f ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> funzioni azie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>da<span class=\"_ _1\"></span>li in outsour<span class=\"_ _1\"></span>cing<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1870 w39e h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> altr<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c4 y1870 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">655<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x4c5 y1870 w3a0 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">655<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bd y1870 w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>98<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x4c6 y1870 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">698<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1871 w3a1 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Altri cre<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>i:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c7 y1871 w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>23.171<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c8 y1871 w3a2 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">12<span class=\"_ _0\"></span>3.<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>71<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4c9 y1871 w3a3 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">291.010<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4ca y1871 w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">291.<span class=\"_ _0\"></span>010<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m1d x2ed h94 y1872 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> pronti con<span class=\"_ _1\"></span>tro t<span class=\"_ _1\"></span>ermine<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1873 w3a4 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> deposit<span class=\"_ _1\"></span>i a scadenza <span class=\"_ _1\"></span>e cont<span class=\"_ _1\"></span>i corre<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4cb y1873 w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">122<span class=\"_ _0\"></span>.613<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4cc y1873 w389 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">12<span class=\"_ _0\"></span>2.<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>13<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4cd y1873 w3a5 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">290.310<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4ce y1873 w38d h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">290.<span class=\"_ _0\"></span>310<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1874 w39e h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> altr<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c4 y1874 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">558<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4cf y1874 w39a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>58<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4d0 y1874 w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>00<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4d1 y1874 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">700<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m1d x2ed h94 y1875 ff2 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Tit<span class=\"_ _1\"></span>oli di debito<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w3a6 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">Totale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d2 y16d8 w3a7 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>56.<span class=\"_ _0\"></span>491<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d3 y16d8 w3a8 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.369<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4d4 y16d8 w3a9 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">25<span class=\"_ _0\"></span>4.090<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d5 y16d8 w3aa h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>.77<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d6 y16d8 w3a9 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">42<span class=\"_ _0\"></span>4.063<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d7 y16d8 w3aa h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4d8 y16d8 w3a7 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>21.04<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d9 y16d8 w3ab h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>096<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs55b\">Nella <span class=\"_ _f\"></span>tabel<span class=\"_ _3\"></span>la <span class=\"_ _f\"> </span>sopra <span class=\"_ _6\"></span>rappresentata <span class=\"_ _6\"></span>nella <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>oce <span class=\"_ _6\"></span>\u201c1. <span class=\"_ _6\"></span>Crediti <span class=\"_ _6\"></span>per <span class=\"_ _f\"> </span>se<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>vizio <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>di <span class=\"_ _6\"></span>patrimoni\u201d <span class=\"_ _6\"></span>sono </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs55c\">classificati <span class=\"_ _d\"> </span>(i) <span class=\"_ _e\"> </span>i <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>rediti <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>ommiss<span class=\"_ _1\"></span>ioni <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>gestione <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>performan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>Gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o <span class=\"_ _e\"> </span>va<span class=\"_ _1\"></span>nta </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs55d\">principalmente <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>confronti <span class=\"_ _0\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>fondi <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>esso <span class=\"_ _b\"></span>istituiti, <span class=\"_ _0\"></span>(ii)<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>crediti <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>le <span class=\"_ _0\"></span>commissioni <span class=\"_ _b\"></span>derivanti <span class=\"_ _b\"></span>dalle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs55e\">deleghe <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>gestio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>(<span class=\"_ _1\"></span>iii) <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>diti <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>le <span class=\"_ _0\"></span>commissio<span class=\"_ _1\"></span>ni <span class=\"_ _b\"></span>derivanti <span class=\"_ _0\"></span>dall<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>gestione <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>patrimo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs55f\">favore di clie<span class=\"_ _1\"></span>ntela istituzionale, <span class=\"_ _1\"></span>retail, private e fon<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> pensi<span class=\"_ _1\"></span>one. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs560\">La <span class=\"_ _f\"> </span>variazione <span class=\"_ _6\"></span>della <span class=\"_ _f\"> </span>voce, <span class=\"_ _f\"> </span>risp<span class=\"_ _1\"></span>etto <span class=\"_ _f\"> </span>all\u2019esercizi<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>precedente <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incipalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _f\"> </span>attr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>buibi<span class=\"_ _1\"></span>le <span class=\"_ _f\"> </span>a <span class=\"_ _f\"></span>(i)<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>minori </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs561\">crediti <span class=\"_ _0\"></span>derivanti dalle <span class=\"_ _0\"></span>ritenute <span class=\"_ _0\"></span>fiscali <span class=\"_ _0\"></span>ed<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>imposte <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ostitutive calcolate <span class=\"_ _0\"></span>sui <span class=\"_ _0\"></span>prodotti <span class=\"_ _0\"></span>gestiti <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>quali le </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs562\">SGR <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>l Gruppo <span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>iscono quali <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>stitut<span class=\"_ _1\"></span>o di<span class=\"_ _0\"></span> imposta<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>per circ<span class=\"_ _0\"></span>a Euro 14,4 milioni al netto <span class=\"_ _0\"></span>di (ii) maggiori </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs563\">crediti <span class=\"_ _f\"> </span>riferiti <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>commissioni <span class=\"_ _6\"></span>corr<span class=\"_ _0\"></span>elate<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>prodotti <span class=\"_ _6\"></span>g<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>dal<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _f\"> </span>circa <span class=\"_ _f\"> </span>E<span class=\"_ _1\"></span>uro <span class=\"_ _f\"> </span>13,9 <span class=\"_ _6\"></span>mi<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>oni. <span class=\"_ _f\"> </span>Il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs564\">contributo di Kair<span class=\"_ _1\"></span>os SGR alla sott<span class=\"_ _1\"></span>ovoce \u00e8 pari a circ<span class=\"_ _3\"></span>a E<span class=\"_ _0\"></span>uro 9,8 <span class=\"_ _1\"></span>milioni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs565\">I <span class=\"_ _b\"></span>cred<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i <span class=\"_ _5\"></span>correlati <span class=\"_ _b\"></span>alle <span class=\"_ _b\"></span>commissi<span class=\"_ _1\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>gestione <span class=\"_ _b\"></span>sopra <span class=\"_ _0\"></span>esposti <span class=\"_ _b\"></span>son<span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>in<span class=\"_ _1\"></span>cassati <span class=\"_ _b\"></span>prevalentemente <span class=\"_ _b\"></span>entro <span class=\"_ _5\"></span>il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs566\">mese successivo alla <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> di riferimento.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs567\">Nella  v<span class=\"_ _1\"></span>oc<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>\"2.  Cre<span class=\"_ _1\"></span>diti  per  a<span class=\"_ _1\"></span>ltri  se<span class=\"_ _1\"></span>rvizi\"  so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>rappresentati  pri<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cipa<span class=\"_ _1\"></span>lmente  i <span class=\"_ _f\"> </span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iti <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti  dalle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs568\">attivit\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span><span class=\"ff5\">\u201c<span class=\"_ _0\"></span>order<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>routing\u201d<span class=\"_ _3\"></span><span class=\"ff2\"> <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span><span class=\"ff5\">\u201csecuritie<span class=\"_ _1\"></span>s <span class=\"_ _b\"></span>lending\u201d<span class=\"ff2\"> <span class=\"_ _0\"></span>effettuate <span class=\"_ _0\"></span>dall<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>controllata <span class=\"_ _0\"></span>Anima <span class=\"_ _b\"></span>Alternati<span class=\"_ _1\"></span>ve <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>circa </span></span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs569\">Euro <span class=\"_ _0\"></span>0,7 <span class=\"_ _0\"></span>milio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>e dall\u2019attivit\u00e0 d<span class=\"_ _0\"></span>i \u201c<span class=\"_ _0\"></span>Ad<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ory\u201d <span class=\"_ _0\"></span>effettua<span class=\"_ _1\"></span>ta d<span class=\"_ _0\"></span>alla co<span class=\"_ _0\"></span>ntrollata Anima <span class=\"_ _0\"></span>SGR per <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro 0<span class=\"_ _0\"></span>,2 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs56a\">milioni e dalla c<span class=\"_ _1\"></span>ontrollata Kairos SGR per <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1\"></span>Euro 0,2 mili<span class=\"_ _1\"></span>oni.<span class=\"fs30\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs56b\">Nella v<span class=\"_ _1\"></span>oce \u201c3.<span class=\"_ _1\"></span> Altri <span class=\"_ _3\"></span>crediti\u201d so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>cl<span class=\"_ _0\"></span>ass<span class=\"_ _3\"></span>ific<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>(i) <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>sottovoce \u201c3<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>depositi <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>scade<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>e conti <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>orre<span class=\"_ _1\"></span>nti\u201d </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs56c\">i <span class=\"_ _0\"></span><span class=\"ff5\">time deposit</span> <span class=\"_ _0\"></span>aperti con <span class=\"_ _0\"></span>pr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mari istituti d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>credit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>er <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>imp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a circa Euro <span class=\"_ _0\"></span>122,6 milioni (circa </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs56d\">Euro 290,3 <span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>lio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>nel pre<span class=\"_ _1\"></span>cedente <span class=\"_ _1\"></span>esercizio) <span class=\"_ _1\"></span>e (ii) ne<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>sottovoce \u201c3.3 <span class=\"_ _1\"></span>altri\u201d i <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>diti finanz<span class=\"_ _1\"></span>iari iscritti <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs56e\">relazione <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>contratti <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>sublocazione d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _0\"></span>costituite <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>diritti <span class=\"_ _0\"></span>d\u2019uso <span class=\"_ _0\"></span>acquisiti <span class=\"_ _0\"></span>tramite contratti <span class=\"_ _0\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs56f\">loc<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _6\"></span>rientranti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>campo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>ap<span class=\"_ _1\"></span>plicazione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>pri<span class=\"_ _1\"></span>ncipio <span class=\"_ _6\"></span>contabile<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>IFRS <span class=\"_ _6\"></span>16, <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>0,6 <span class=\"_ _6\"></span>milioni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs570\">(Euro 0,7 milioni al <span class=\"_ _1\"></span>31 dicembre 2023).<span class=\"_ _1\"></span><span class=\"fs30\"> </span></div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs571\">4.2 Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al cos<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o ammortizza<span class=\"_ _3\"></span>to: composizione per debi<span class=\"_ _1\"></span>tori/emittenti<span class=\"_ _3\"></span> </div><div class=\"gs572\"><table class=\"s w35b h373\" id=\"_51c2d0f6-5676-4e61-9b72-f250af532434\"><tr><td></td><td></td><td></td><td class=\"c n x465 y182e w35c h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Ban<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x466 y182e w35d h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Societ<span class=\"_ _0\"></span>\u00e0<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>fin<span class=\"_ _3\"></span>anz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>ie<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x467 y182e w35e h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Cli<span class=\"_ _1\"></span>entela<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y182f w35f h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Co<span class=\"_ _3\"></span>mposizio<span class=\"_ _3\"></span>ne/Contro<span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rt<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x468 y182f w360 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">di <span class=\"_ _1\"></span>cui: del<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x469 y182f w361 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">di<span class=\"_ _1\"></span> c<span class=\"_ _0\"></span>ui<span class=\"_ _3\"></span>: del Gru<span class=\"_ _3\"></span>ppo<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x46a y182f w362 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">di c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i: <span class=\"_ _1\"></span>del G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>up<span class=\"_ _3\"></span>po<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c x1a9 y1831 w363 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x46b h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti per servi<span class=\"_ _3\"></span>zi di gestio<span class=\"_ _1\"></span>ne di pat<span class=\"_ _3\"></span>rimoni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x46c y1831 w364 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">4<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0</div></td><td class=\"t m1e x46d h95 y1832 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x46e y1831 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">24.8<span class=\"_ _0\"></span>30</div></td><td class=\"t m1e x46f h95 y1833 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x470 y1831 w366 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">11<span class=\"_ _0\"></span>0.312</div></td><td class=\"t m1e x471 h95 y1834 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td></tr><tr><td class=\"c n x1a9 y1835 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1835 w368 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">gestio<span class=\"_ _3\"></span>ne di OICR</div></td><td></td><td class=\"t m1e x46d h95 y1836 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x473 y1835 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">24.8<span class=\"_ _0\"></span>30</div></td><td class=\"t m1e x46f h95 y1837 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x474 y1835 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">80.43<span class=\"_ _0\"></span>3</div></td><td class=\"t m1e x471 h95 y1838 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td></tr><tr><td class=\"c n x1a9 y1839 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1839 w369 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">gestio<span class=\"_ _3\"></span>ne individu<span class=\"_ _3\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x475 y1839 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">400</div></td><td class=\"t m1e x476 h95 y183a ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"wsa\"> </span></span>-</td><td></td><td class=\"t m1e x477 h95 y183b ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"wsa\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x478 y1839 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">22.59<span class=\"_ _0\"></span>8</div></td><td class=\"t m1e x479 h95 y183c ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"wsa\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y183d w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y183d w36b h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">gestio<span class=\"_ _3\"></span>ne di fondi pension<span class=\"_ _1\"></span>e</div></td><td></td><td class=\"t m1e x476 h95 y183e ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws9\"> <span class=\"ws0\">-</span></span></span></td><td></td><td class=\"t m1e x477 h95 y183f ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws9\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td><td class=\"c n x47a y183d w36c h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">7.281</div></td><td class=\"t m1e x479 h95 y1840 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws9\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td></tr><tr><td class=\"c n x1a9 y1841 w36d h375\" colspan=\"2\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.<span class=\"_ _200\"> </span>Credi<span class=\"_ _1\"></span>ti per al<span class=\"_ _1\"></span>tri serviz<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x47b y1841 w36e h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1e x46d h95 y1842 ff3 fs32 fc1 sc0 ls5 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x47c y1841 w36f h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">492<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1e x46f h95 y1843 ff3 fs32 fc1 sc0 ls5 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x47d y1841 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">578<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1e x471 h95 y1844 ff3 fs32 fc1 sc0 ls5 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1845 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1845 w370 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">consule<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x47e y1845 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">492<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1846 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1846 w371 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">funzioni <span class=\"_ _1\"></span>aziend<span class=\"_ _1\"></span>ali in out<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ourcin<span class=\"_ _1\"></span>g<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1847 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1847 w372 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x47f y1847 w36e h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>7</div></td><td class=\"t m1e x476 h95 y1848 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws8\"> </span></span>-</td><td></td><td class=\"t m1e x477 h95 y1849 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws8\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x480 y1847 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">578</div></td><td class=\"t m1e x479 h95 y184a ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws8\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y184b w373 h375\" colspan=\"2\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.<span class=\"_ _200\"> </span>Altri cre<span class=\"_ _3\"></span>diti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x481 y184b w374 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">122<span class=\"_ _0\"></span>.61<span class=\"_ _0\"></span>3</div></td><td class=\"t m1e x46d h95 y184c ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td><td class=\"c n x482 y184b w375 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc3 sc0 ls0 ws0\">-</div></td><td class=\"t m1e x46f h95 y184d ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td><td class=\"c n x483 y184b w376 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">55<span class=\"_ _0\"></span>8</div></td><td class=\"t m1e x471 h95 y184e ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td></tr><tr><td class=\"c n x1a9 y184f w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y184f w377 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">pront<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>ontro t<span class=\"_ _1\"></span>erm<span class=\"_ _3\"></span>ine<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x484 y184f w375 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1850 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1850 w378 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">dep<span class=\"_ _1\"></span>ositi a scade<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _3\"></span>i correnti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x485 y1850 w374 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">122<span class=\"_ _0\"></span>.61<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1851 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1851 w372 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c x487 y1852 w379 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x486 h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x488 y1851 w375 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c x489 y1853 w37a h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x486 h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x48a y1851 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">558<span class=\"_ _4a1\"> </span></div></td><td class=\"c x48b y1854 w37a h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x486 h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1e x2ed h96 y1855 ff2 fs32 fc1 sc0 ls0 ws0\">4.<span class=\"_ _200\"> </span>Tito<span class=\"_ _1\"></span>li di debit<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1856 w37b h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">To<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>le<span class=\"_ _0\"></span> 31.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x48c y1856 w37c h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">123<span class=\"_ _0\"></span>.09<span class=\"_ _0\"></span>0</div></td><td class=\"t m1e x46d h95 y1857 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x48d y1856 w37d h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">25.<span class=\"_ _0\"></span>322</div></td><td class=\"t m1e x46f h95 y1858 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x48e y1856 w37e h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">111.448</div></td><td class=\"t m1e x471 h95 y1859 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y185a w37b h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">To<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>le<span class=\"_ _0\"></span> 31.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x48c y185a w37c h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">290<span class=\"_ _0\"></span>.54<span class=\"_ _0\"></span>7</div></td><td class=\"t m1e x46d h95 y185b ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x48f y185a w37d h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">11.<span class=\"_ _0\"></span>094</div></td><td class=\"t m1e x46f h95 y185c ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x490 y185a w37f h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">126.497</div></td><td class=\"t m1e x471 h95 y185d ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLoansAndAdvancesToCustomersExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-484": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 4 \u2013 Attivit\u00e0 finanziarie val<span class=\"_ _0\"></span>ut<span class=\"_ _3\"></span>ate <span class=\"_ _0\"></span>al co<span class=\"_ _1\"></span>sto am<span class=\"_ _1\"></span>mortizz<span class=\"_ _0\"></span>ato<span class=\"_ _1\"></span> \u2013 Voce 40 4.1 Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al cos<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o ammortizza<span class=\"_ _3\"></span>to: composizione merceolo<span class=\"_ _1\"></span>gica <table class=\"s w380 h376\" id=\"_d5361f16-26e9-4a9e-b9a5-5936273f5037\"><tr><td></td><td></td><td class=\"c n x465 y185f w381 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">Totale 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x491 y185f w382 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ota<span class=\"_ _1\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2023<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m1d x492 h93 y1860 ff3 fs31 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore<span class=\"_ _0\"></span> d<span class=\"_ _3\"></span>i bilan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></td><td></td><td></td><td class=\"c x493 y1861 w2b h76\"><div class=\"t m1d x3b h93 y61d ff3 fs31 fc1 sc0 ls0 ws0\">Fai<span class=\"_ _1\"></span>r Valu<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"t m1d x3bb h93 y1860 ff3 fs31 fc1 sc0 ls0 ws0\">Valo<span class=\"_ _1\"></span>re di bil<span class=\"_ _3\"></span>ancio<span class=\"_ _4a1\"> </span></td><td></td><td></td><td class=\"c x494 y1861 w2b h76\"><div class=\"t m1d x3b h93 y61d ff3 fs31 fc1 sc0 ls0 ws0\">Fai<span class=\"_ _1\"></span>r Valu<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m1d x3b6 h94 y1862 ff2 fs31 fc1 sc0 ls0 ws0\">Primo <span class=\"_ _1\"></span>e </td><td class=\"t m1d x3b8 h94 y1863 ff2 fs31 fc1 sc0 ls0 ws0\">di<span class=\"_ _1\"></span> cui: impaire<span class=\"_ _3\"></span>d </td><td></td><td></td><td></td><td></td><td class=\"t m1d x495 h94 y1862 ff2 fs31 fc1 sc0 ls0 ws0\">Primo <span class=\"_ _1\"></span>e </td><td class=\"t m1d x336 h94 y1863 ff2 fs31 fc1 sc0 ls0 ws0\">di<span class=\"_ _1\"></span> cui: impaire<span class=\"_ _3\"></span>d </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1d x2ed h93 y1864 ff3 fs31 fc1 sc0 ls0 ws0\">Dett<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>glio<span class=\"_ _1\"></span>/Valo<span class=\"_ _3\"></span>ri<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x3b6 h94 y1865 ff2 fs31 fc1 sc0 ls0 ws0\">secondo<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>ta<span class=\"_ _1\"></span>dio<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x496 h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">Terzo stad<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x497 h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">acq<span class=\"_ _1\"></span>uisite<span class=\"_ _1\"></span> o </td><td class=\"c n x498 y1867 w383 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x499 y1867 w384 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x49a y1867 w384 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L3</div></td><td class=\"t m1d x495 h94 y1865 ff2 fs31 fc1 sc0 ls0 ws0\">secondo<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>ta<span class=\"_ _1\"></span>dio<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x49b h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">Terzo stad<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x49c h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">acq<span class=\"_ _1\"></span>uisite<span class=\"_ _1\"></span> o </td><td class=\"c n x49d y1867 w383 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x49e y1867 w385 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L<span class=\"_ _1\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x49f y1867 w385 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L<span class=\"_ _1\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1868 w386 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Credit<span class=\"_ _1\"></span>i per servi<span class=\"_ _3\"></span>zio <span class=\"_ _0\"></span>di g<span class=\"_ _3\"></span>estioni di patr<span class=\"_ _1\"></span>imoni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a0 y1868 w387 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>32<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>17<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a1 y1868 w388 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>69<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1d x4a2 h94 y1869 ff2 fs31 fc1 sc0 ls0 ws0\">orig<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _1\"></span>te<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n x4a3 y1868 w389 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>0.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>27<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a4 y1868 w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">5.115<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a5 y1868 w38b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">132<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>17<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a6 y1868 w38c h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1d x4a7 h94 y1869 ff2 fs31 fc1 sc0 ls0 ws0\">origi<span class=\"_ _1\"></span>nate<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n x4a8 y1868 w38d h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>29.894<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a9 y1868 w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6.398<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y186a w38e h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> gestion<span class=\"_ _1\"></span>e di OICR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4aa y186a w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>01.894<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ab y186a w390 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.369<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4ac y186a w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>0.148<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ad y186a w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">5.115<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ae y186a w391 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>1.919<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4af y186a w392 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4.<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4b0 y186a w393 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">89.596<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4b1 y186a w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6.398<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y186b w394 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> gestion<span class=\"_ _1\"></span>e indi<span class=\"_ _1\"></span>viduale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4b2 y186b w395 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">22<span class=\"_ _0\"></span>.998<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b3 y186b w393 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">22.998<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4b4 y186b w391 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>1.294<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b5 y186b w396 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">11.294<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y186c w397 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> gestion<span class=\"_ _1\"></span>e di fondi pen<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4b6 y186c w398 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">7.281<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b7 y186c w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">7.281<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4b8 y186c w391 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>9.004<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b9 y186c w396 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">29.004<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y186d w399 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Credit<span class=\"_ _1\"></span>i per al<span class=\"_ _1\"></span>tri servizi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ba y186d w398 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1.147<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4bb y186d w39a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bc y186d w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>55<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bd y186d w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>36<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4be y186d w39c h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">138<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bf y186d w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>98<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y186e w39d h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> consulenze<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c0 y186e w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">49<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c1 y186e w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4c2 y186e w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>38<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c3 y186e w39c h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">138<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m1d x2ed h94 y186f ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> funzioni azie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>da<span class=\"_ _1\"></span>li in outsour<span class=\"_ _1\"></span>cing<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1870 w39e h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> altr<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c4 y1870 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">655<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x4c5 y1870 w3a0 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">655<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bd y1870 w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>98<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x4c6 y1870 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">698<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1871 w3a1 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Altri cre<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>i:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c7 y1871 w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>23.171<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c8 y1871 w3a2 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">12<span class=\"_ _0\"></span>3.<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>71<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4c9 y1871 w3a3 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">291.010<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4ca y1871 w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">291.<span class=\"_ _0\"></span>010<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m1d x2ed h94 y1872 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> pronti con<span class=\"_ _1\"></span>tro t<span class=\"_ _1\"></span>ermine<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1873 w3a4 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> deposit<span class=\"_ _1\"></span>i a scadenza <span class=\"_ _1\"></span>e cont<span class=\"_ _1\"></span>i corre<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4cb y1873 w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">122<span class=\"_ _0\"></span>.613<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4cc y1873 w389 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">12<span class=\"_ _0\"></span>2.<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>13<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4cd y1873 w3a5 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">290.310<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4ce y1873 w38d h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">290.<span class=\"_ _0\"></span>310<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1874 w39e h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> altr<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c4 y1874 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">558<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4cf y1874 w39a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>58<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4d0 y1874 w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>00<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4d1 y1874 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">700<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m1d x2ed h94 y1875 ff2 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Tit<span class=\"_ _1\"></span>oli di debito<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w3a6 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">Totale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d2 y16d8 w3a7 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>56.<span class=\"_ _0\"></span>491<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d3 y16d8 w3a8 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.369<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4d4 y16d8 w3a9 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">25<span class=\"_ _0\"></span>4.090<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d5 y16d8 w3aa h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>.77<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d6 y16d8 w3a9 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">42<span class=\"_ _0\"></span>4.063<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d7 y16d8 w3aa h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4d8 y16d8 w3a7 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>21.04<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d9 y16d8 w3ab h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>096<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella <span class=\"_ _f\"></span>tabel<span class=\"_ _3\"></span>la <span class=\"_ _f\"> </span>sopra <span class=\"_ _6\"></span>rappresentata <span class=\"_ _6\"></span>nella <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>oce <span class=\"_ _6\"></span>\u201c1. <span class=\"_ _6\"></span>Crediti <span class=\"_ _6\"></span>per <span class=\"_ _f\"> </span>se<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>vizio <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>di <span class=\"_ _6\"></span>patrimoni\u201d <span class=\"_ _6\"></span>sono classificati <span class=\"_ _d\"> </span>(i) <span class=\"_ _e\"> </span>i <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>rediti <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>ommiss<span class=\"_ _1\"></span>ioni <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>gestione <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>performan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>Gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o <span class=\"_ _e\"> </span>va<span class=\"_ _1\"></span>nta principalmente <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>confronti <span class=\"_ _0\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>fondi <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>esso <span class=\"_ _b\"></span>istituiti, <span class=\"_ _0\"></span>(ii)<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>crediti <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>le <span class=\"_ _0\"></span>commissioni <span class=\"_ _b\"></span>derivanti <span class=\"_ _b\"></span>dalle deleghe <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>gestio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>(<span class=\"_ _1\"></span>iii) <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>diti <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>le <span class=\"_ _0\"></span>commissio<span class=\"_ _1\"></span>ni <span class=\"_ _b\"></span>derivanti <span class=\"_ _0\"></span>dall<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>gestione <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>patrimo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>a favore di clie<span class=\"_ _1\"></span>ntela istituzionale, <span class=\"_ _1\"></span>retail, private e fon<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> pensi<span class=\"_ _1\"></span>one. La <span class=\"_ _f\"> </span>variazione <span class=\"_ _6\"></span>della <span class=\"_ _f\"> </span>voce, <span class=\"_ _f\"> </span>risp<span class=\"_ _1\"></span>etto <span class=\"_ _f\"> </span>all\u2019esercizi<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>precedente <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incipalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _f\"> </span>attr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>buibi<span class=\"_ _1\"></span>le <span class=\"_ _f\"> </span>a <span class=\"_ _f\"></span>(i)<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>minori crediti <span class=\"_ _0\"></span>derivanti dalle <span class=\"_ _0\"></span>ritenute <span class=\"_ _0\"></span>fiscali <span class=\"_ _0\"></span>ed<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>imposte <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ostitutive calcolate <span class=\"_ _0\"></span>sui <span class=\"_ _0\"></span>prodotti <span class=\"_ _0\"></span>gestiti <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>quali le SGR <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>l Gruppo <span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>iscono quali <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>stitut<span class=\"_ _1\"></span>o di<span class=\"_ _0\"></span> imposta<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>per circ<span class=\"_ _0\"></span>a Euro 14,4 milioni al netto <span class=\"_ _0\"></span>di (ii) maggiori crediti <span class=\"_ _f\"> </span>riferiti <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>commissioni <span class=\"_ _6\"></span>corr<span class=\"_ _0\"></span>elate<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>prodotti <span class=\"_ _6\"></span>g<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>dal<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _f\"> </span>circa <span class=\"_ _f\"> </span>E<span class=\"_ _1\"></span>uro <span class=\"_ _f\"> </span>13,9 <span class=\"_ _6\"></span>mi<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>oni. <span class=\"_ _f\"> </span>Il contributo di Kair<span class=\"_ _1\"></span>os SGR alla sott<span class=\"_ _1\"></span>ovoce \u00e8 pari a circ<span class=\"_ _3\"></span>a E<span class=\"_ _0\"></span>uro 9,8 <span class=\"_ _1\"></span>milioni. I <span class=\"_ _b\"></span>cred<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i <span class=\"_ _5\"></span>correlati <span class=\"_ _b\"></span>alle <span class=\"_ _b\"></span>commissi<span class=\"_ _1\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>gestione <span class=\"_ _b\"></span>sopra <span class=\"_ _0\"></span>esposti <span class=\"_ _b\"></span>son<span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>in<span class=\"_ _1\"></span>cassati <span class=\"_ _b\"></span>prevalentemente <span class=\"_ _b\"></span>entro <span class=\"_ _5\"></span>il mese successivo alla <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> di riferimento.<span class=\"_ _1\"></span> Nella  v<span class=\"_ _1\"></span>oc<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>\"2.  Cre<span class=\"_ _1\"></span>diti  per  a<span class=\"_ _1\"></span>ltri  se<span class=\"_ _1\"></span>rvizi\"  so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>rappresentati  pri<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cipa<span class=\"_ _1\"></span>lmente  i <span class=\"_ _f\"> </span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iti <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti  dalle attivit\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span><span class=\"ff5\">\u201c<span class=\"_ _0\"></span>order<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>routing\u201d<span class=\"_ _3\"></span><span class=\"ff2\"> <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span><span class=\"ff5\">\u201csecuritie<span class=\"_ _1\"></span>s <span class=\"_ _b\"></span>lending\u201d<span class=\"ff2\"> <span class=\"_ _0\"></span>effettuate <span class=\"_ _0\"></span>dall<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>controllata <span class=\"_ _0\"></span>Anima <span class=\"_ _b\"></span>Alternati<span class=\"_ _1\"></span>ve <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>circa </span></span></span></span>Euro <span class=\"_ _0\"></span>0,7 <span class=\"_ _0\"></span>milio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>e dall\u2019attivit\u00e0 d<span class=\"_ _0\"></span>i \u201c<span class=\"_ _0\"></span>Ad<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ory\u201d <span class=\"_ _0\"></span>effettua<span class=\"_ _1\"></span>ta d<span class=\"_ _0\"></span>alla co<span class=\"_ _0\"></span>ntrollata Anima <span class=\"_ _0\"></span>SGR per <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro 0<span class=\"_ _0\"></span>,2 milioni e dalla c<span class=\"_ _1\"></span>ontrollata Kairos SGR per <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1\"></span>Euro 0,2 mili<span class=\"_ _1\"></span>oni.<span class=\"fs30\"> </span>Nella v<span class=\"_ _1\"></span>oce \u201c3.<span class=\"_ _1\"></span> Altri <span class=\"_ _3\"></span>crediti\u201d so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>cl<span class=\"_ _0\"></span>ass<span class=\"_ _3\"></span>ific<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>(i) <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>sottovoce \u201c3<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>depositi <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>scade<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>e conti <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>orre<span class=\"_ _1\"></span>nti\u201d i <span class=\"_ _0\"></span><span class=\"ff5\">time deposit</span> <span class=\"_ _0\"></span>aperti con <span class=\"_ _0\"></span>pr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mari istituti d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>credit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>er <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>imp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a circa Euro <span class=\"_ _0\"></span>122,6 milioni (circa Euro 290,3 <span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>lio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>nel pre<span class=\"_ _1\"></span>cedente <span class=\"_ _1\"></span>esercizio) <span class=\"_ _1\"></span>e (ii) ne<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>sottovoce \u201c3.3 <span class=\"_ _1\"></span>altri\u201d i <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>diti finanz<span class=\"_ _1\"></span>iari iscritti <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> relazione <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>contratti <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>sublocazione d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _0\"></span>costituite <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>diritti <span class=\"_ _0\"></span>d\u2019uso <span class=\"_ _0\"></span>acquisiti <span class=\"_ _0\"></span>tramite contratti <span class=\"_ _0\"></span>di loc<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _6\"></span>rientranti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>campo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>ap<span class=\"_ _1\"></span>plicazione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>pri<span class=\"_ _1\"></span>ncipio <span class=\"_ _6\"></span>contabile<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>IFRS <span class=\"_ _6\"></span>16, <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>0,6 <span class=\"_ _6\"></span>milioni (Euro 0,7 milioni al <span class=\"_ _1\"></span>31 dicembre 2023).<span class=\"_ _1\"></span><span class=\"fs30\"> </span>4.2 Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al cos<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o ammortizza<span class=\"_ _3\"></span>to: composizione per debi<span class=\"_ _1\"></span>tori/emittenti<span class=\"_ _3\"></span> <table class=\"s w35b h373\" id=\"_51c2d0f6-5676-4e61-9b72-f250af532434\"><tr><td></td><td></td><td></td><td class=\"c n x465 y182e w35c h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Ban<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x466 y182e w35d h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Societ<span class=\"_ _0\"></span>\u00e0<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>fin<span class=\"_ _3\"></span>anz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>ie<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x467 y182e w35e h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Cli<span class=\"_ _1\"></span>entela<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y182f w35f h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Co<span class=\"_ _3\"></span>mposizio<span class=\"_ _3\"></span>ne/Contro<span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rt<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x468 y182f w360 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">di <span class=\"_ _1\"></span>cui: del<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x469 y182f w361 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">di<span class=\"_ _1\"></span> c<span class=\"_ _0\"></span>ui<span class=\"_ _3\"></span>: del Gru<span class=\"_ _3\"></span>ppo<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x46a y182f w362 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">di c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i: <span class=\"_ _1\"></span>del G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>up<span class=\"_ _3\"></span>po<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c x1a9 y1831 w363 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x46b h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti per servi<span class=\"_ _3\"></span>zi di gestio<span class=\"_ _1\"></span>ne di pat<span class=\"_ _3\"></span>rimoni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x46c y1831 w364 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">4<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0</div></td><td class=\"t m1e x46d h95 y1832 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x46e y1831 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">24.8<span class=\"_ _0\"></span>30</div></td><td class=\"t m1e x46f h95 y1833 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x470 y1831 w366 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">11<span class=\"_ _0\"></span>0.312</div></td><td class=\"t m1e x471 h95 y1834 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td></tr><tr><td class=\"c n x1a9 y1835 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1835 w368 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">gestio<span class=\"_ _3\"></span>ne di OICR</div></td><td></td><td class=\"t m1e x46d h95 y1836 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x473 y1835 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">24.8<span class=\"_ _0\"></span>30</div></td><td class=\"t m1e x46f h95 y1837 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x474 y1835 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">80.43<span class=\"_ _0\"></span>3</div></td><td class=\"t m1e x471 h95 y1838 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td></tr><tr><td class=\"c n x1a9 y1839 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1839 w369 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">gestio<span class=\"_ _3\"></span>ne individu<span class=\"_ _3\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x475 y1839 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">400</div></td><td class=\"t m1e x476 h95 y183a ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"wsa\"> </span></span>-</td><td></td><td class=\"t m1e x477 h95 y183b ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"wsa\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x478 y1839 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">22.59<span class=\"_ _0\"></span>8</div></td><td class=\"t m1e x479 h95 y183c ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"wsa\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y183d w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y183d w36b h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">gestio<span class=\"_ _3\"></span>ne di fondi pension<span class=\"_ _1\"></span>e</div></td><td></td><td class=\"t m1e x476 h95 y183e ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws9\"> <span class=\"ws0\">-</span></span></span></td><td></td><td class=\"t m1e x477 h95 y183f ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws9\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td><td class=\"c n x47a y183d w36c h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">7.281</div></td><td class=\"t m1e x479 h95 y1840 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws9\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td></tr><tr><td class=\"c n x1a9 y1841 w36d h375\" colspan=\"2\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.<span class=\"_ _200\"> </span>Credi<span class=\"_ _1\"></span>ti per al<span class=\"_ _1\"></span>tri serviz<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x47b y1841 w36e h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1e x46d h95 y1842 ff3 fs32 fc1 sc0 ls5 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x47c y1841 w36f h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">492<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1e x46f h95 y1843 ff3 fs32 fc1 sc0 ls5 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x47d y1841 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">578<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1e x471 h95 y1844 ff3 fs32 fc1 sc0 ls5 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1845 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1845 w370 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">consule<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x47e y1845 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">492<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1846 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1846 w371 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">funzioni <span class=\"_ _1\"></span>aziend<span class=\"_ _1\"></span>ali in out<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ourcin<span class=\"_ _1\"></span>g<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1847 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1847 w372 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x47f y1847 w36e h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>7</div></td><td class=\"t m1e x476 h95 y1848 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws8\"> </span></span>-</td><td></td><td class=\"t m1e x477 h95 y1849 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws8\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x480 y1847 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">578</div></td><td class=\"t m1e x479 h95 y184a ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws8\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y184b w373 h375\" colspan=\"2\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.<span class=\"_ _200\"> </span>Altri cre<span class=\"_ _3\"></span>diti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x481 y184b w374 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">122<span class=\"_ _0\"></span>.61<span class=\"_ _0\"></span>3</div></td><td class=\"t m1e x46d h95 y184c ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td><td class=\"c n x482 y184b w375 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc3 sc0 ls0 ws0\">-</div></td><td class=\"t m1e x46f h95 y184d ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td><td class=\"c n x483 y184b w376 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">55<span class=\"_ _0\"></span>8</div></td><td class=\"t m1e x471 h95 y184e ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td></tr><tr><td class=\"c n x1a9 y184f w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y184f w377 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">pront<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>ontro t<span class=\"_ _1\"></span>erm<span class=\"_ _3\"></span>ine<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x484 y184f w375 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1850 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1850 w378 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">dep<span class=\"_ _1\"></span>ositi a scade<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _3\"></span>i correnti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x485 y1850 w374 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">122<span class=\"_ _0\"></span>.61<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1851 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1851 w372 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c x487 y1852 w379 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x486 h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x488 y1851 w375 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c x489 y1853 w37a h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x486 h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x48a y1851 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">558<span class=\"_ _4a1\"> </span></div></td><td class=\"c x48b y1854 w37a h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x486 h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1e x2ed h96 y1855 ff2 fs32 fc1 sc0 ls0 ws0\">4.<span class=\"_ _200\"> </span>Tito<span class=\"_ _1\"></span>li di debit<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1856 w37b h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">To<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>le<span class=\"_ _0\"></span> 31.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x48c y1856 w37c h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">123<span class=\"_ _0\"></span>.09<span class=\"_ _0\"></span>0</div></td><td class=\"t m1e x46d h95 y1857 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x48d y1856 w37d h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">25.<span class=\"_ _0\"></span>322</div></td><td class=\"t m1e x46f h95 y1858 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x48e y1856 w37e h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">111.448</div></td><td class=\"t m1e x471 h95 y1859 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y185a w37b h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">To<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>le<span class=\"_ _0\"></span> 31.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x48c y185a w37c h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">290<span class=\"_ _0\"></span>.54<span class=\"_ _0\"></span>7</div></td><td class=\"t m1e x46d h95 y185b ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x48f y185a w37d h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">11.<span class=\"_ _0\"></span>094</div></td><td class=\"t m1e x46f h95 y185c ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x490 y185a w37f h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">126.497</div></td><td class=\"t m1e x471 h95 y185d ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLoansAndAdvancesToBanksExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-534": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 4 \u2013 Attivit\u00e0 finanziarie val<span class=\"_ _0\"></span>ut<span class=\"_ _3\"></span>ate <span class=\"_ _0\"></span>al co<span class=\"_ _1\"></span>sto am<span class=\"_ _1\"></span>mortizz<span class=\"_ _0\"></span>ato<span class=\"_ _1\"></span> \u2013 Voce 40 4.1 Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al cos<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o ammortizza<span class=\"_ _3\"></span>to: composizione merceolo<span class=\"_ _1\"></span>gica <table class=\"s w380 h376\" id=\"_d5361f16-26e9-4a9e-b9a5-5936273f5037\"><tr><td></td><td></td><td class=\"c n x465 y185f w381 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">Totale 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x491 y185f w382 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ota<span class=\"_ _1\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2023<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m1d x492 h93 y1860 ff3 fs31 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore<span class=\"_ _0\"></span> d<span class=\"_ _3\"></span>i bilan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></td><td></td><td></td><td class=\"c x493 y1861 w2b h76\"><div class=\"t m1d x3b h93 y61d ff3 fs31 fc1 sc0 ls0 ws0\">Fai<span class=\"_ _1\"></span>r Valu<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"t m1d x3bb h93 y1860 ff3 fs31 fc1 sc0 ls0 ws0\">Valo<span class=\"_ _1\"></span>re di bil<span class=\"_ _3\"></span>ancio<span class=\"_ _4a1\"> </span></td><td></td><td></td><td class=\"c x494 y1861 w2b h76\"><div class=\"t m1d x3b h93 y61d ff3 fs31 fc1 sc0 ls0 ws0\">Fai<span class=\"_ _1\"></span>r Valu<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m1d x3b6 h94 y1862 ff2 fs31 fc1 sc0 ls0 ws0\">Primo <span class=\"_ _1\"></span>e </td><td class=\"t m1d x3b8 h94 y1863 ff2 fs31 fc1 sc0 ls0 ws0\">di<span class=\"_ _1\"></span> cui: impaire<span class=\"_ _3\"></span>d </td><td></td><td></td><td></td><td></td><td class=\"t m1d x495 h94 y1862 ff2 fs31 fc1 sc0 ls0 ws0\">Primo <span class=\"_ _1\"></span>e </td><td class=\"t m1d x336 h94 y1863 ff2 fs31 fc1 sc0 ls0 ws0\">di<span class=\"_ _1\"></span> cui: impaire<span class=\"_ _3\"></span>d </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1d x2ed h93 y1864 ff3 fs31 fc1 sc0 ls0 ws0\">Dett<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>glio<span class=\"_ _1\"></span>/Valo<span class=\"_ _3\"></span>ri<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x3b6 h94 y1865 ff2 fs31 fc1 sc0 ls0 ws0\">secondo<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>ta<span class=\"_ _1\"></span>dio<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x496 h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">Terzo stad<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x497 h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">acq<span class=\"_ _1\"></span>uisite<span class=\"_ _1\"></span> o </td><td class=\"c n x498 y1867 w383 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x499 y1867 w384 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x49a y1867 w384 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L3</div></td><td class=\"t m1d x495 h94 y1865 ff2 fs31 fc1 sc0 ls0 ws0\">secondo<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>ta<span class=\"_ _1\"></span>dio<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x49b h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">Terzo stad<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x49c h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">acq<span class=\"_ _1\"></span>uisite<span class=\"_ _1\"></span> o </td><td class=\"c n x49d y1867 w383 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x49e y1867 w385 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L<span class=\"_ _1\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x49f y1867 w385 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L<span class=\"_ _1\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1868 w386 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Credit<span class=\"_ _1\"></span>i per servi<span class=\"_ _3\"></span>zio <span class=\"_ _0\"></span>di g<span class=\"_ _3\"></span>estioni di patr<span class=\"_ _1\"></span>imoni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a0 y1868 w387 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>32<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>17<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a1 y1868 w388 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>69<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1d x4a2 h94 y1869 ff2 fs31 fc1 sc0 ls0 ws0\">orig<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _1\"></span>te<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n x4a3 y1868 w389 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>0.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>27<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a4 y1868 w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">5.115<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a5 y1868 w38b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">132<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>17<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a6 y1868 w38c h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1d x4a7 h94 y1869 ff2 fs31 fc1 sc0 ls0 ws0\">origi<span class=\"_ _1\"></span>nate<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n x4a8 y1868 w38d h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>29.894<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a9 y1868 w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6.398<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y186a w38e h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> gestion<span class=\"_ _1\"></span>e di OICR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4aa y186a w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>01.894<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ab y186a w390 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.369<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4ac y186a w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>0.148<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ad y186a w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">5.115<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ae y186a w391 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>1.919<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4af y186a w392 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4.<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4b0 y186a w393 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">89.596<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4b1 y186a w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6.398<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y186b w394 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> gestion<span class=\"_ _1\"></span>e indi<span class=\"_ _1\"></span>viduale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4b2 y186b w395 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">22<span class=\"_ _0\"></span>.998<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b3 y186b w393 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">22.998<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4b4 y186b w391 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>1.294<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b5 y186b w396 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">11.294<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y186c w397 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> gestion<span class=\"_ _1\"></span>e di fondi pen<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4b6 y186c w398 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">7.281<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b7 y186c w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">7.281<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4b8 y186c w391 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>9.004<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b9 y186c w396 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">29.004<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y186d w399 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Credit<span class=\"_ _1\"></span>i per al<span class=\"_ _1\"></span>tri servizi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ba y186d w398 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1.147<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4bb y186d w39a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bc y186d w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>55<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bd y186d w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>36<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4be y186d w39c h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">138<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bf y186d w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>98<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y186e w39d h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> consulenze<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c0 y186e w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">49<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c1 y186e w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4c2 y186e w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>38<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c3 y186e w39c h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">138<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m1d x2ed h94 y186f ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> funzioni azie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>da<span class=\"_ _1\"></span>li in outsour<span class=\"_ _1\"></span>cing<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1870 w39e h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> altr<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c4 y1870 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">655<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x4c5 y1870 w3a0 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">655<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bd y1870 w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>98<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x4c6 y1870 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">698<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1871 w3a1 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Altri cre<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>i:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c7 y1871 w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>23.171<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c8 y1871 w3a2 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">12<span class=\"_ _0\"></span>3.<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>71<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4c9 y1871 w3a3 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">291.010<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4ca y1871 w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">291.<span class=\"_ _0\"></span>010<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m1d x2ed h94 y1872 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> pronti con<span class=\"_ _1\"></span>tro t<span class=\"_ _1\"></span>ermine<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1873 w3a4 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> deposit<span class=\"_ _1\"></span>i a scadenza <span class=\"_ _1\"></span>e cont<span class=\"_ _1\"></span>i corre<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4cb y1873 w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">122<span class=\"_ _0\"></span>.613<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4cc y1873 w389 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">12<span class=\"_ _0\"></span>2.<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>13<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4cd y1873 w3a5 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">290.310<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4ce y1873 w38d h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">290.<span class=\"_ _0\"></span>310<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1874 w39e h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> altr<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c4 y1874 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">558<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4cf y1874 w39a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>58<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4d0 y1874 w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>00<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4d1 y1874 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">700<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m1d x2ed h94 y1875 ff2 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Tit<span class=\"_ _1\"></span>oli di debito<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w3a6 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">Totale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d2 y16d8 w3a7 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>56.<span class=\"_ _0\"></span>491<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d3 y16d8 w3a8 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.369<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4d4 y16d8 w3a9 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">25<span class=\"_ _0\"></span>4.090<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d5 y16d8 w3aa h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>.77<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d6 y16d8 w3a9 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">42<span class=\"_ _0\"></span>4.063<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d7 y16d8 w3aa h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4d8 y16d8 w3a7 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>21.04<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d9 y16d8 w3ab h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>096<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella <span class=\"_ _f\"></span>tabel<span class=\"_ _3\"></span>la <span class=\"_ _f\"> </span>sopra <span class=\"_ _6\"></span>rappresentata <span class=\"_ _6\"></span>nella <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>oce <span class=\"_ _6\"></span>\u201c1. <span class=\"_ _6\"></span>Crediti <span class=\"_ _6\"></span>per <span class=\"_ _f\"> </span>se<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>vizio <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>di <span class=\"_ _6\"></span>patrimoni\u201d <span class=\"_ _6\"></span>sono classificati <span class=\"_ _d\"> </span>(i) <span class=\"_ _e\"> </span>i <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>rediti <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>ommiss<span class=\"_ _1\"></span>ioni <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>gestione <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>performan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>Gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o <span class=\"_ _e\"> </span>va<span class=\"_ _1\"></span>nta principalmente <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>confronti <span class=\"_ _0\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>fondi <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>esso <span class=\"_ _b\"></span>istituiti, <span class=\"_ _0\"></span>(ii)<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>crediti <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>le <span class=\"_ _0\"></span>commissioni <span class=\"_ _b\"></span>derivanti <span class=\"_ _b\"></span>dalle deleghe <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>gestio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>(<span class=\"_ _1\"></span>iii) <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>diti <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>le <span class=\"_ _0\"></span>commissio<span class=\"_ _1\"></span>ni <span class=\"_ _b\"></span>derivanti <span class=\"_ _0\"></span>dall<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>gestione <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>patrimo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>a favore di clie<span class=\"_ _1\"></span>ntela istituzionale, <span class=\"_ _1\"></span>retail, private e fon<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> pensi<span class=\"_ _1\"></span>one. La <span class=\"_ _f\"> </span>variazione <span class=\"_ _6\"></span>della <span class=\"_ _f\"> </span>voce, <span class=\"_ _f\"> </span>risp<span class=\"_ _1\"></span>etto <span class=\"_ _f\"> </span>all\u2019esercizi<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>precedente <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incipalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _f\"> </span>attr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>buibi<span class=\"_ _1\"></span>le <span class=\"_ _f\"> </span>a <span class=\"_ _f\"></span>(i)<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>minori crediti <span class=\"_ _0\"></span>derivanti dalle <span class=\"_ _0\"></span>ritenute <span class=\"_ _0\"></span>fiscali <span class=\"_ _0\"></span>ed<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>imposte <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ostitutive calcolate <span class=\"_ _0\"></span>sui <span class=\"_ _0\"></span>prodotti <span class=\"_ _0\"></span>gestiti <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>quali le SGR <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>l Gruppo <span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>iscono quali <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>stitut<span class=\"_ _1\"></span>o di<span class=\"_ _0\"></span> imposta<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>per circ<span class=\"_ _0\"></span>a Euro 14,4 milioni al netto <span class=\"_ _0\"></span>di (ii) maggiori crediti <span class=\"_ _f\"> </span>riferiti <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>commissioni <span class=\"_ _6\"></span>corr<span class=\"_ _0\"></span>elate<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>prodotti <span class=\"_ _6\"></span>g<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>dal<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _f\"> </span>circa <span class=\"_ _f\"> </span>E<span class=\"_ _1\"></span>uro <span class=\"_ _f\"> </span>13,9 <span class=\"_ _6\"></span>mi<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>oni. <span class=\"_ _f\"> </span>Il contributo di Kair<span class=\"_ _1\"></span>os SGR alla sott<span class=\"_ _1\"></span>ovoce \u00e8 pari a circ<span class=\"_ _3\"></span>a E<span class=\"_ _0\"></span>uro 9,8 <span class=\"_ _1\"></span>milioni. I <span class=\"_ _b\"></span>cred<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i <span class=\"_ _5\"></span>correlati <span class=\"_ _b\"></span>alle <span class=\"_ _b\"></span>commissi<span class=\"_ _1\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>gestione <span class=\"_ _b\"></span>sopra <span class=\"_ _0\"></span>esposti <span class=\"_ _b\"></span>son<span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>in<span class=\"_ _1\"></span>cassati <span class=\"_ _b\"></span>prevalentemente <span class=\"_ _b\"></span>entro <span class=\"_ _5\"></span>il mese successivo alla <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> di riferimento.<span class=\"_ _1\"></span> Nella  v<span class=\"_ _1\"></span>oc<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>\"2.  Cre<span class=\"_ _1\"></span>diti  per  a<span class=\"_ _1\"></span>ltri  se<span class=\"_ _1\"></span>rvizi\"  so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>rappresentati  pri<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cipa<span class=\"_ _1\"></span>lmente  i <span class=\"_ _f\"> </span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iti <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti  dalle attivit\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span><span class=\"ff5\">\u201c<span class=\"_ _0\"></span>order<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>routing\u201d<span class=\"_ _3\"></span><span class=\"ff2\"> <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span><span class=\"ff5\">\u201csecuritie<span class=\"_ _1\"></span>s <span class=\"_ _b\"></span>lending\u201d<span class=\"ff2\"> <span class=\"_ _0\"></span>effettuate <span class=\"_ _0\"></span>dall<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>controllata <span class=\"_ _0\"></span>Anima <span class=\"_ _b\"></span>Alternati<span class=\"_ _1\"></span>ve <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>circa </span></span></span></span>Euro <span class=\"_ _0\"></span>0,7 <span class=\"_ _0\"></span>milio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>e dall\u2019attivit\u00e0 d<span class=\"_ _0\"></span>i \u201c<span class=\"_ _0\"></span>Ad<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ory\u201d <span class=\"_ _0\"></span>effettua<span class=\"_ _1\"></span>ta d<span class=\"_ _0\"></span>alla co<span class=\"_ _0\"></span>ntrollata Anima <span class=\"_ _0\"></span>SGR per <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro 0<span class=\"_ _0\"></span>,2 milioni e dalla c<span class=\"_ _1\"></span>ontrollata Kairos SGR per <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1\"></span>Euro 0,2 mili<span class=\"_ _1\"></span>oni.<span class=\"fs30\"> </span>Nella v<span class=\"_ _1\"></span>oce \u201c3.<span class=\"_ _1\"></span> Altri <span class=\"_ _3\"></span>crediti\u201d so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>cl<span class=\"_ _0\"></span>ass<span class=\"_ _3\"></span>ific<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>(i) <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>sottovoce \u201c3<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>depositi <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>scade<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>e conti <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>orre<span class=\"_ _1\"></span>nti\u201d i <span class=\"_ _0\"></span><span class=\"ff5\">time deposit</span> <span class=\"_ _0\"></span>aperti con <span class=\"_ _0\"></span>pr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mari istituti d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>credit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>er <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>imp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a circa Euro <span class=\"_ _0\"></span>122,6 milioni (circa Euro 290,3 <span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>lio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>nel pre<span class=\"_ _1\"></span>cedente <span class=\"_ _1\"></span>esercizio) <span class=\"_ _1\"></span>e (ii) ne<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>sottovoce \u201c3.3 <span class=\"_ _1\"></span>altri\u201d i <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>diti finanz<span class=\"_ _1\"></span>iari iscritti <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> relazione <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>contratti <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>sublocazione d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _0\"></span>costituite <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>diritti <span class=\"_ _0\"></span>d\u2019uso <span class=\"_ _0\"></span>acquisiti <span class=\"_ _0\"></span>tramite contratti <span class=\"_ _0\"></span>di loc<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _6\"></span>rientranti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>campo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>ap<span class=\"_ _1\"></span>plicazione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>pri<span class=\"_ _1\"></span>ncipio <span class=\"_ _6\"></span>contabile<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>IFRS <span class=\"_ _6\"></span>16, <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>0,6 <span class=\"_ _6\"></span>milioni (Euro 0,7 milioni al <span class=\"_ _1\"></span>31 dicembre 2023).<span class=\"_ _1\"></span><span class=\"fs30\"> </span>4.2 Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al cos<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o ammortizza<span class=\"_ _3\"></span>to: composizione per debi<span class=\"_ _1\"></span>tori/emittenti<span class=\"_ _3\"></span> <table class=\"s w35b h373\" id=\"_51c2d0f6-5676-4e61-9b72-f250af532434\"><tr><td></td><td></td><td></td><td class=\"c n x465 y182e w35c h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Ban<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x466 y182e w35d h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Societ<span class=\"_ _0\"></span>\u00e0<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>fin<span class=\"_ _3\"></span>anz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>ie<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x467 y182e w35e h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Cli<span class=\"_ _1\"></span>entela<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y182f w35f h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Co<span class=\"_ _3\"></span>mposizio<span class=\"_ _3\"></span>ne/Contro<span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rt<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x468 y182f w360 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">di <span class=\"_ _1\"></span>cui: del<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x469 y182f w361 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">di<span class=\"_ _1\"></span> c<span class=\"_ _0\"></span>ui<span class=\"_ _3\"></span>: del Gru<span class=\"_ _3\"></span>ppo<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x46a y182f w362 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">di c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i: <span class=\"_ _1\"></span>del G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>up<span class=\"_ _3\"></span>po<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c x1a9 y1831 w363 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x46b h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti per servi<span class=\"_ _3\"></span>zi di gestio<span class=\"_ _1\"></span>ne di pat<span class=\"_ _3\"></span>rimoni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x46c y1831 w364 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">4<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0</div></td><td class=\"t m1e x46d h95 y1832 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x46e y1831 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">24.8<span class=\"_ _0\"></span>30</div></td><td class=\"t m1e x46f h95 y1833 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x470 y1831 w366 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">11<span class=\"_ _0\"></span>0.312</div></td><td class=\"t m1e x471 h95 y1834 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td></tr><tr><td class=\"c n x1a9 y1835 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1835 w368 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">gestio<span class=\"_ _3\"></span>ne di OICR</div></td><td></td><td class=\"t m1e x46d h95 y1836 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x473 y1835 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">24.8<span class=\"_ _0\"></span>30</div></td><td class=\"t m1e x46f h95 y1837 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x474 y1835 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">80.43<span class=\"_ _0\"></span>3</div></td><td class=\"t m1e x471 h95 y1838 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td></tr><tr><td class=\"c n x1a9 y1839 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1839 w369 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">gestio<span class=\"_ _3\"></span>ne individu<span class=\"_ _3\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x475 y1839 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">400</div></td><td class=\"t m1e x476 h95 y183a ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"wsa\"> </span></span>-</td><td></td><td class=\"t m1e x477 h95 y183b ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"wsa\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x478 y1839 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">22.59<span class=\"_ _0\"></span>8</div></td><td class=\"t m1e x479 h95 y183c ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"wsa\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y183d w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y183d w36b h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">gestio<span class=\"_ _3\"></span>ne di fondi pension<span class=\"_ _1\"></span>e</div></td><td></td><td class=\"t m1e x476 h95 y183e ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws9\"> <span class=\"ws0\">-</span></span></span></td><td></td><td class=\"t m1e x477 h95 y183f ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws9\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td><td class=\"c n x47a y183d w36c h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">7.281</div></td><td class=\"t m1e x479 h95 y1840 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws9\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td></tr><tr><td class=\"c n x1a9 y1841 w36d h375\" colspan=\"2\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.<span class=\"_ _200\"> </span>Credi<span class=\"_ _1\"></span>ti per al<span class=\"_ _1\"></span>tri serviz<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x47b y1841 w36e h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1e x46d h95 y1842 ff3 fs32 fc1 sc0 ls5 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x47c y1841 w36f h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">492<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1e x46f h95 y1843 ff3 fs32 fc1 sc0 ls5 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x47d y1841 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">578<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1e x471 h95 y1844 ff3 fs32 fc1 sc0 ls5 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1845 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1845 w370 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">consule<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x47e y1845 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">492<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1846 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1846 w371 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">funzioni <span class=\"_ _1\"></span>aziend<span class=\"_ _1\"></span>ali in out<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ourcin<span class=\"_ _1\"></span>g<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1847 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1847 w372 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x47f y1847 w36e h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>7</div></td><td class=\"t m1e x476 h95 y1848 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws8\"> </span></span>-</td><td></td><td class=\"t m1e x477 h95 y1849 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws8\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x480 y1847 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">578</div></td><td class=\"t m1e x479 h95 y184a ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws8\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y184b w373 h375\" colspan=\"2\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.<span class=\"_ _200\"> </span>Altri cre<span class=\"_ _3\"></span>diti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x481 y184b w374 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">122<span class=\"_ _0\"></span>.61<span class=\"_ _0\"></span>3</div></td><td class=\"t m1e x46d h95 y184c ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td><td class=\"c n x482 y184b w375 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc3 sc0 ls0 ws0\">-</div></td><td class=\"t m1e x46f h95 y184d ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td><td class=\"c n x483 y184b w376 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">55<span class=\"_ _0\"></span>8</div></td><td class=\"t m1e x471 h95 y184e ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td></tr><tr><td class=\"c n x1a9 y184f w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y184f w377 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">pront<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>ontro t<span class=\"_ _1\"></span>erm<span class=\"_ _3\"></span>ine<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x484 y184f w375 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1850 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1850 w378 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">dep<span class=\"_ _1\"></span>ositi a scade<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _3\"></span>i correnti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x485 y1850 w374 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">122<span class=\"_ _0\"></span>.61<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1851 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1851 w372 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c x487 y1852 w379 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x486 h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x488 y1851 w375 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c x489 y1853 w37a h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x486 h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x48a y1851 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">558<span class=\"_ _4a1\"> </span></div></td><td class=\"c x48b y1854 w37a h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x486 h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1e x2ed h96 y1855 ff2 fs32 fc1 sc0 ls0 ws0\">4.<span class=\"_ _200\"> </span>Tito<span class=\"_ _1\"></span>li di debit<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1856 w37b h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">To<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>le<span class=\"_ _0\"></span> 31.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x48c y1856 w37c h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">123<span class=\"_ _0\"></span>.09<span class=\"_ _0\"></span>0</div></td><td class=\"t m1e x46d h95 y1857 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x48d y1856 w37d h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">25.<span class=\"_ _0\"></span>322</div></td><td class=\"t m1e x46f h95 y1858 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x48e y1856 w37e h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">111.448</div></td><td class=\"t m1e x471 h95 y1859 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y185a w37b h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">To<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>le<span class=\"_ _0\"></span> 31.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x48c y185a w37c h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">290<span class=\"_ _0\"></span>.54<span class=\"_ _0\"></span>7</div></td><td class=\"t m1e x46d h95 y185b ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x48f y185a w37d h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">11.<span class=\"_ _0\"></span>094</div></td><td class=\"t m1e x46f h95 y185c ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x490 y185a w37f h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">126.497</div></td><td class=\"t m1e x471 h95 y185d ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr></table><div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs57f\">Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 8 \u2013 Attivit\u00e0 materiali \u2013 Voce 80 </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs580\">8.1 Attivit\u00e0 materiali<span class=\"_ _1\"></span> ad uso funzionale: com<span class=\"_ _3\"></span>posizione d<span class=\"_ _1\"></span>elle attivit\u00e0 valutate al <span class=\"_ _1\"></span>costo </div><div class=\"gs581\"><table class=\"s w3c2 h37d\" id=\"_729f11d3-2833-43e6-badb-297b68e9c379\"><tr><td class=\"c n x4f5 y188c w3c3 h36c\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">Attivit\u00e0<span class=\"_ _47a\"></span>/<span class=\"_ _47b\"></span>Va<span class=\"_ _47c\"></span>l<span class=\"_ _476\"></span>ori<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4f6 y188c w3c4 h36c\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _47e\"></span>le<span class=\"_ _47f\"></span>31<span class=\"_ _480\"></span>.1<span class=\"_ _480\"></span>2.<span class=\"_ _480\"></span>2<span class=\"_ _481\"></span>02<span class=\"_ _482\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4f7 y188c w3c5 h36c\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">Totale<span class=\"_ _484\"></span>31<span class=\"_ _482\"></span>.1<span class=\"_ _482\"></span>2.<span class=\"_ _482\"></span>2<span class=\"_ _485\"></span>02<span class=\"_ _482\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y188d w3c6 h36c\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> Attivit\u00e0 p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4f8 y188d w3c7 h36c\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>09<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4f9 y188d w3c8 h36c\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y188f w3c9 h36c\"><div class=\"t m16 x17f h9f y188e ff2 fs35 fc1 sc0 ls0 ws0\">a<span class=\"_ _1\"></span>) ter<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4fa y188f w3ca h36c\"><div class=\"t m16 x17f h9f y188e ff2 fs35 fc1 sc0 ls0 ws0\">75<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4fb y188f w3ca h36c\"><div class=\"t m16 x17f h9f y188e ff2 fs35 fc1 sc0 ls0 ws0\">75<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1891 w3cb h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">b<span class=\"_ _1\"></span>) f<span class=\"_ _0\"></span>abb<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>ati<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4fc y1891 w3cc h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">345<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4fd y1891 w3ca h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">63<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1892 w3cd h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">c<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span> m<span class=\"_ _3\"></span>obili<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4fe y1892 w3ca h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">54<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ff y1892 w3ca h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>07<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1893 w3ce h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">d<span class=\"_ _1\"></span>) impian<span class=\"_ _1\"></span>ti e<span class=\"_ _3\"></span>let<span class=\"_ _3\"></span>troni<span class=\"_ _1\"></span>ci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x500 y1893 w3cf h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span>47<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x501 y1893 w3d0 h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.467<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1894 w3d1 h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">e<span class=\"_ _3\"></span>) altre<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x502 y1894 w3d2 h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">19<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x503 y1894 w3d2 h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">12<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1895 w3d3 h36d\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> Diri<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ti d<span class=\"_ _3\"></span>'us<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> acqui<span class=\"_ _3\"></span>siti con i<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span> leasin<span class=\"_ _3\"></span>g<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x504 y1895 w3d4 h36d\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">24<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>96<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x505 y1895 w3d5 h36d\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">18<span class=\"_ _0\"></span>.3<span class=\"_ _0\"></span>52<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m16 x506 h9f y1896 ff2 fs35 fc1 sc0 ls0 ws0\">a<span class=\"_ _1\"></span>) ter<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>ni<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1897 w3cb h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">b<span class=\"_ _1\"></span>) f<span class=\"_ _0\"></span>abb<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>ati<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x507 y1897 w3d6 h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">22<span class=\"_ _0\"></span>.29<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x508 y1897 w3d7 h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>7.39<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1898 w3cd h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">c<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span> m<span class=\"_ _3\"></span>obili<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4fe y1898 w3ca h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">36<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ff y1898 w3ca h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>25<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1899 w3ce h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">d<span class=\"_ _1\"></span>) impian<span class=\"_ _1\"></span>ti e<span class=\"_ _3\"></span>let<span class=\"_ _3\"></span>troni<span class=\"_ _1\"></span>ci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x500 y1899 w3cf h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x509 y1899 w3cc h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">213<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y189a w3d1 h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">e<span class=\"_ _3\"></span>) altre<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x50a y189a w3cf h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span>85<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x50b y189a w3cc h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">623<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x50c y16d8 w3d8 h36d\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _3\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x50d y16d8 w3d9 h36d\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">27<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>77<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x50e y16d8 w3d5 h36d\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">21<span class=\"_ _0\"></span>.8<span class=\"_ _0\"></span>31<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs582\">La <span class=\"_ _b\"></span>voce <span class=\"_ _b\"></span>\u201c1.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Attivit\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>pro<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>riet\u00e0\u201d <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>comprende <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _b\"></span>materiali <span class=\"_ _0\"></span>ad <span class=\"_ _5\"></span>uso <span class=\"_ _b\"></span>funzionale <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>propriet\u00e0 <span class=\"_ _b\"></span>del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs583\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o; <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>particolare, <span class=\"_ _0\"></span>la <span class=\"_ _b\"></span>sottovoce <span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>a) <span class=\"_ _0\"></span>terreni\u201d <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>\u201cb) <span class=\"_ _b\"></span>fabbricati\u201d <span class=\"_ _0\"></span>si <span class=\"_ _b\"></span>riferiscono <span class=\"_ _b\"></span>al<span class=\"_ _1\"></span>l\u2019immobile <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>Novar<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs584\">(propriet\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>Anima <span class=\"_ _3\"></span>SGR), per <span class=\"_ _3\"></span>il quale <span class=\"_ _3\"></span>\u00e8 stato <span class=\"_ _3\"></span>scorporato il <span class=\"_ _3\"></span>costo st<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>ic<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>no (n<span class=\"_ _1\"></span>on sottopo<span class=\"_ _3\"></span>sto<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ad </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs585\">ammortamento)  d<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>q<span class=\"_ _0\"></span>uell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  del <span class=\"_ _211\"> </span>f<span class=\"_ _0\"></span>ab<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>icato <span class=\"_ _211\"> </span>(il <span class=\"_ _211\"> </span>valore  d<span class=\"_ _0\"></span>i  quest\u2019ultimo  \u00e8 <span class=\"_ _211\"> </span>stato <span class=\"_ _211\"> </span>adeguato  al <span class=\"_ _211\"> </span>fair <span class=\"_ _211\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs586\">determinato  con  ri<span class=\"_ _1\"></span>ferimento  al  prezz<span class=\"_ _1\"></span>o  concertato  di  possibile  ve<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dita).  La  s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>tto<span class=\"_ _1\"></span>voce  \u201cd)  impianti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs587\">elettronici\u201d <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>composta <span class=\"_ _b\"></span>prevalentemente <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>impianti <span class=\"_ _b\"></span>elettronici <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>elettromeccanici <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>hardware </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs588\">informatici. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs589\">La voce \u201c2. Diritti d\u2019uso a<span class=\"_ _1\"></span>cquisiti con il leasing\u201d ri<span class=\"_ _1\"></span>comprende i diritti d\u2019uso acqu<span class=\"_ _1\"></span>isiti tramite con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atti di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs58a\">loc<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _0\"></span>(principal<span class=\"_ _1\"></span>mente <span class=\"_ _0\"></span>correlati <span class=\"_ _b\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _0\"></span>uffici) <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>noleggio <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>aut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>azien<span class=\"_ _1\"></span>dali <span class=\"_ _0\"></span>concesse <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>uso<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>prom<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>scuo <span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs58b\">taluni dipendenti e har<span class=\"_ _1\"></span>dware) rientrant<span class=\"_ _1\"></span>i nel campo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i app<span class=\"_ _1\"></span>licazione del prin<span class=\"_ _1\"></span>cipio contabile IFRS <span class=\"_ _1\"></span>16.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs58c\">Si <span class=\"_ _e\"> </span>evidenzia <span class=\"_ _d\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>la <span class=\"_ _d\"> </span>var<span class=\"_ _0\"></span>iazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>aumento <span class=\"_ _d\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>la <span class=\"_ _e\"> </span>voce <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>ispetto <span class=\"_ _e\"> </span>a<span class=\"_ _3\"></span>l <span class=\"_ _19\"> </span>precede<span class=\"_ _1\"></span>nte <span class=\"_ _e\"> </span>esercizio <span class=\"_ _d\"> </span>deriva </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs58d\">principalmente <span class=\"_ _0\"></span>(i<span class=\"_ _0\"></span>) <span class=\"_ _0\"></span>dai <span class=\"_ _b\"></span>contratti <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>locazione <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>Kairos <span class=\"_ _b\"></span>SGR <span class=\"_ _b\"></span>relativi <span class=\"_ _b\"></span>alle <span class=\"_ _b\"></span>sedi <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>Milano, <span class=\"_ _b\"></span>Roma <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>Torino </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs58e\">pari <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _b\"></span>Euro <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>3 <span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>lion<span class=\"_ _1\"></span>i, <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lt<span class=\"_ _1\"></span>re <span class=\"_ _b\"></span>ai <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atti <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>lo<span class=\"_ _1\"></span>cazione <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>auto <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>altri<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>beni <span class=\"_ _b\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rca <span class=\"_ _b\"></span>Euro <span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>7 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs58f\">milioni <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(<span class=\"_ _1\"></span>ii) <span class=\"_ _0\"></span>i contr<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>di locazione <span class=\"_ _0\"></span>di Vita <span class=\"_ _0\"></span>Srl, r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i agli <span class=\"_ _0\"></span>immobili strumentali <span class=\"_ _0\"></span>all<span class=\"_ _1\"></span>\u2019attivit\u00e0 <span class=\"_ _0\"></span>svolta d<span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs590\">controllata <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>dir<span class=\"_ _0\"></span>etta<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>(siti <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>oma, <span class=\"_ _b\"></span>Gressoney <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>Ponte <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Legno <span class=\"_ _5\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>5<span class=\"_ _0\"></span>,6 <span class=\"_ _b\"></span>milioni, <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span>ltre <span class=\"_ _5\"></span>ai<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs591\">contratti di locazi<span class=\"_ _1\"></span>one degli arredi de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li immobi<span class=\"_ _1\"></span>li di Roma e Gres<span class=\"_ _1\"></span>soney pe<span class=\"_ _1\"></span>r circa Euro 0,3 mili<span class=\"_ _1\"></span>oni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs592\">Le <span class=\"_ _5\"></span>ulteriori <span class=\"_ _b\"></span>informazioni <span class=\"_ _b\"></span>previste <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>principio <span class=\"_ _b\"></span>contabile <span class=\"_ _b\"></span>IFR<span class=\"_ _0\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>16 <span class=\"_ _5\"></span>sono <span class=\"_ _b\"></span>fornite <span class=\"_ _b\"></span>nella <span class=\"_ _5\"></span>\u201cPa<span class=\"_ _1\"></span>rte <span class=\"_ _5\"></span>D <span class=\"_ _5\"></span>\u2013 <span class=\"_ _b\"></span>Altre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs593\">Informazioni <span class=\"_ _1\"></span>\u2013 Sez<span class=\"_ _1\"></span>ione 7 <span class=\"_ _1\"></span>\u2013 I<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>forma<span class=\"_ _1\"></span>tiva su<span class=\"_ _1\"></span>l leasin<span class=\"_ _1\"></span>g\u201d della <span class=\"_ _3\"></span>presen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>Nota inte<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rati<span class=\"_ _1\"></span>va Cons<span class=\"_ _1\"></span>olidata <span class=\"_ _3\"></span>a cui si </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs594\">rimanda per detta<span class=\"_ _1\"></span>glio.<span class=\"_ _4a1\"> </span> </div><div class=\"t m1 h10 ff5 fs2 fc1 sc0 ls0 ws0 gs596\">8.5 Attivit\u00e0 materiali<span class=\"_ _1\"></span> ad uso funzionale: vari<span class=\"_ _1\"></span>azioni annue<span class=\"_ _3\"></span><span class=\"ff3 fsb\"> </span></div><div class=\"gs597\"><table class=\"s w3da h37e\" id=\"_af46b747-f6d6-4acb-82d9-ac38c13227c7\"><tr><td></td><td class=\"c n x50f y189c w3db h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">Ter<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>eni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x510 y189c w3dc h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">Fabb<span class=\"_ _3\"></span>ricati<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x511 y189c w3dd h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">Mobi<span class=\"_ _1\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x512 y189c w3de h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">Impia<span class=\"_ _1\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x513 y189c w3df h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">Altr<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x514 y189c w3e0 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">Totale<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c n x515 y189d w3e1 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">elett<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>ic<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x516 y189d w3e2 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y189e w3e3 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">A.<span class=\"_ _15e\"> </span>E<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>stenze iniz<span class=\"_ _3\"></span>ia<span class=\"_ _3\"></span>li lo<span class=\"_ _1\"></span>rd<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x517 y189e w3e4 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">755<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x518 y189e w3e5 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">23.4<span class=\"_ _0\"></span>80<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x519 y189e w3e6 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x51a y189e w3e7 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">8.<span class=\"_ _0\"></span>056<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x51b y189e w3e8 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>562<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x51c y189e w3e9 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">37.<span class=\"_ _0\"></span>13<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18a0 w3ea h37f\"><div class=\"t m20 x17f ha2 y189f ff2 fs36 fc1 sc0 ls0 ws0\">A.1<span class=\"_ _d\"> </span>Riduzion<span class=\"_ _1\"></span>i di valore<span class=\"_ _3\"></span> tot<span class=\"_ _1\"></span>ali net<span class=\"_ _3\"></span>te<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x51e y18a0 w3eb h37f\"><div class=\"t m20 x17f ha2 y189f ff2 fs36 fc1 sc0 ls0 ws0\">(5.45<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x51f y18a0 w3ec h37f\"><div class=\"t m20 x17f ha2 y189f ff2 fs36 fc1 sc0 ls0 ws0\">(1.55<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x520 y18a0 w3eb h37f\"><div class=\"t m20 x17f ha2 y189f ff2 fs36 fc1 sc0 ls0 ws0\">(6.376<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x521 y18a0 w3eb h37f\"><div class=\"t m20 x17f ha2 y189f ff2 fs36 fc1 sc0 ls0 ws0\">(1.92<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x522 y18a0 w3ed h37f\"><div class=\"t m20 x17f ha2 y189f ff2 fs36 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>15.30<span class=\"_ _0\"></span>4)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18a1 w3ee h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">A.<span class=\"_ _0\"></span>2<span class=\"_ _16\"> </span>Esistenze ini<span class=\"_ _3\"></span>zia<span class=\"_ _3\"></span>li nette<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x523 y18a1 w3ef h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">75<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x524 y18a1 w3e9 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x525 y18a1 w3f0 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">731<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x526 y18a1 w3e6 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>68<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x527 y18a1 w3f1 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>35<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x528 y18a1 w3e9 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">21<span class=\"_ _0\"></span>.8<span class=\"_ _0\"></span>31<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1739 w3f2 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">B.<span class=\"_ _10d\"> </span>Au<span class=\"_ _3\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x529 y1739 w3f3 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">15.<span class=\"_ _0\"></span>89<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x52a y1739 w3f4 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>705<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x52b y1739 w3e6 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x52c y1739 w3e7 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>719<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x52d y1739 w3e9 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">27<span class=\"_ _0\"></span>.3<span class=\"_ _0\"></span>06<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18a3 w3f5 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">B.1.<span class=\"_ _211\"> </span>A<span class=\"_ _0\"></span>cq<span class=\"_ _1\"></span>uisti<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x52e y18a3 w3f6 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">1.35<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x52f y18a3 w3f7 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">56<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x530 y18a3 w3f8 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.320<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x531 y18a3 w3e4 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">656<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x532 y18a3 w3f8 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">3.38<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18a4 w3f9 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">B.7<span class=\"_ _e\"> </span>Altre<span class=\"_ _1\"></span> variazi<span class=\"_ _1\"></span>oni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x533 y18a4 w3fa h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">14<span class=\"_ _0\"></span>.548<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x534 y18a4 w3f8 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.649<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x535 y18a4 w3fb h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _0\"></span>62<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x536 y18a4 w3fc h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.063<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x537 y18a4 w3fd h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>3.921<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18a5 w3fe h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>.<span class=\"_ _10d\"> </span>Dimi<span class=\"_ _1\"></span>nu<span class=\"_ _3\"></span>zion<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x538 y18a5 w3ff h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">(11.<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>8)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x539 y18a5 w400 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>53<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x53a y18a5 w400 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">(5.<span class=\"_ _0\"></span>39<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x53b y18a5 w401 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>50<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x53c y18a5 w3ff h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">(21<span class=\"_ _0\"></span>.3<span class=\"_ _0\"></span>60)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18a6 w402 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">C.1<span class=\"_ _d\"> </span>V<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>di<span class=\"_ _3\"></span>te<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x53d y18a6 w3eb h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(1.48<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x53e y18a6 w403 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(24<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x53f y18a6 w403 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(85<span class=\"_ _0\"></span>5)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x540 y18a6 w404 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(2.5<span class=\"_ _0\"></span>84<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18a7 w405 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">C.2<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>mortam<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x541 y18a7 w406 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x542 y18a7 w3eb h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(4.09<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x543 y18a7 w407 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(29<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x544 y18a7 w403 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(95<span class=\"_ _0\"></span>5)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x545 y18a7 w408 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(5<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x546 y18a7 w404 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(5.8<span class=\"_ _0\"></span>89<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18a8 w409 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">C.7<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>lt<span class=\"_ _1\"></span>re<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>var<span class=\"_ _1\"></span>iazio<span class=\"_ _1\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x547 y18a8 w3eb h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(5.71<span class=\"_ _0\"></span>4)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x548 y18a8 w3eb h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(2.23<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x549 y18a8 w3eb h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(4.190<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x54a y18a8 w40a h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(7<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x54b y18a8 w40b h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(12.8<span class=\"_ _0\"></span>87)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18a9 w40c h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">D.<span class=\"_ _109\"> </span>Ri<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>enze fina<span class=\"_ _1\"></span>li<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>ett<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x54c y18a9 w40d h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>55<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x54d y18a9 w3f3 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">22.<span class=\"_ _0\"></span>64<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x54e y18a9 w40e h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">904<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x54f y18a9 w3e8 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>271<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x550 y18a9 w3e7 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>205<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x551 y18a9 w40f h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">27.<span class=\"_ _0\"></span>77<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18aa w410 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">D.1<span class=\"_ _1f\"> </span>Riduzion<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>  di v<span class=\"_ _1\"></span>alore t<span class=\"_ _3\"></span>otali ne<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x552 y18aa w40b h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(14.06<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x553 y18aa w3eb h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(4.08<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x554 y18aa w411 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(11<span class=\"_ _0\"></span>.261<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x555 y18aa w404 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>.499<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x556 y18aa w40b h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(31.9<span class=\"_ _0\"></span>04)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18ab w412 h344\"><div class=\"t m20 x17f ha1 y189b ff2 fs36 fc1 sc0 ls0 ws0\">D.2<span class=\"_ _1f\"> </span><span class=\"ff3\">Rima<span class=\"_ _1\"></span>nenz<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> fin<span class=\"_ _3\"></span>ali<span class=\"_ _1\"></span> lo<span class=\"_ _1\"></span>rde<span class=\"_ _4a1\"> </span></span></div></td><td class=\"c n x557 y18ab w3ef h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>55<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x558 y18ab w3f3 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">36<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>03<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x559 y18ab w413 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x55a y18ab w3e5 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">13.<span class=\"_ _0\"></span>532<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x55b y18ab w3e6 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>03<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x55c y18ab w3e9 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">59<span class=\"_ _0\"></span>.6<span class=\"_ _0\"></span>80<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w414 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">E.<span class=\"_ _c2\"> </span>Valu<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>az<span class=\"_ _3\"></span>ion<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l c<span class=\"_ _0\"></span>osto<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x55d y16d8 w3e4 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">755<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x55e y16d8 w3e9 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">22.<span class=\"_ _0\"></span>64<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x55f y16d8 w3e4 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">904<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x560 y16d8 w3e8 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>271<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x561 y16d8 w3e8 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>205<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x562 y16d8 w40f h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">27.<span class=\"_ _0\"></span>77<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr></table></div>Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 1 \u2013 Passivit\u00e0 finanziarie val<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>ate al costo ammo<span class=\"_ _1\"></span>rtiz<span class=\"_ _0\"></span>zato <span class=\"_ _3\"></span>\u2013 V<span class=\"_ _0\"></span>oce 10<span class=\"_ _1\"></span> 1.1<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Passivit\u00e0 finanziarie valutate al c<span class=\"_ _0\"></span>osto<span class=\"_ _1\"></span> ammortizzato:<span class=\"_ _0\"></span> composizi<span class=\"_ _1\"></span>one merceologica dei debiti</span></span><table class=\"s w5a9 h39c\" id=\"_aa13623e-59a2-4126-b9b7-a3d51fa5b324\"><tr><td class=\"c n x1a9 y19a4 w5aa h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>tt<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>o/<span class=\"_ _0\"></span>Valo<span class=\"_ _0\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ad y19a4 w5ab h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ae y19a4 w5ac h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a5 w5ad h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti verso<span class=\"_ _3\"></span> reti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>ve<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ta:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6af y19a5 w5ae h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">167.<span class=\"_ _0\"></span>258<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b0 y19a5 w5af h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">148<span class=\"_ _0\"></span>.56<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a6 w5b0 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o OIC<span class=\"_ _0\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b1 y19a6 w5b1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">163.13<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b2 y19a6 w5b2 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">14<span class=\"_ _0\"></span>4.9<span class=\"_ _0\"></span>80<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a7 w5b3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i in<span class=\"_ _3\"></span>div<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b3 y19a7 w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>565<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b4 y19a7 w5b5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.48<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a8 w5b6 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o fon<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> pen<span class=\"_ _3\"></span>si<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b5 y19a8 w5b7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.561<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b6 y19a8 w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>102<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a9 w5b8 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>\u00e0 d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span>ne:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b7 y19a9 w5b9 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3.356<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b8 y19a9 w5b5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>210<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19aa w5ba h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>per gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> pro<span class=\"_ _3\"></span>prie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b9 y19aa w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>292<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y19ab w5bb h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>per gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> ricevut<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>in<span class=\"_ _3\"></span> de<span class=\"_ _0\"></span>le<span class=\"_ _1\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ba y19ab w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.062<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bb y19ab w5bc h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span>93<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ac w5bd h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>per alt<span class=\"_ _1\"></span>ro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bc y19ac w5be h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bd y19ac w5bf h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">17<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ad w5c0 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er altri <span class=\"_ _3\"></span>servizi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6be y19ad w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bf y19ad w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ae w5c2 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c0 y19ae w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">44.92<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c1 y19ae w5c4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>2.6<span class=\"_ _0\"></span>47<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19af w5c5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>pron<span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>i co<span class=\"_ _3\"></span>nt<span class=\"_ _3\"></span>ro t<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rmi<span class=\"_ _1\"></span>ne<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c2 y19af w5be h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c3 y19af w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b0 w5c6 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>D<span class=\"_ _0\"></span>ebit<span class=\"_ _1\"></span>i p<span class=\"_ _3\"></span>er leasi<span class=\"_ _3\"></span>ng<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c4 y19b0 w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">26.0<span class=\"_ _0\"></span>90<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c5 y19b0 w5c7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>917<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b1 w5c8 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>tri deb<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c6 y19b1 w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">18.8<span class=\"_ _0\"></span>39<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c7 y19b1 w5c7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">13.7<span class=\"_ _0\"></span>30<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b3 w5c9 h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c8 y19b3 w5ca h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">215.54<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c9 y19b3 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">18<span class=\"_ _0\"></span>3.42<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m29 x1fd hc7 y19b4 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 1<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19b6 w5cc h39d\"><div class=\"t m29 x17f hc7 y19b5 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ca y19b7 w5cd h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">196.7<span class=\"_ _0\"></span>33<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cb y19b7 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>69.75<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b8 w5cc h39d\"><div class=\"t m29 x17f hc7 y19b5 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cc y19b9 w5ce h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">18.810<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cd y19b9 w5cf h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">13.6<span class=\"_ _0\"></span>65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w5d0 h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale fair<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>val<span class=\"_ _0\"></span>ue<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ce y16d8 w5ca h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">215.54<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cf y16d8 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>83.42<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr></table>I <span class=\"_ _b\"></span>valor<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>ind<span class=\"_ _1\"></span>icati <span class=\"_ _b\"></span>nella <span class=\"_ _b\"></span>sottovoce <span class=\"_ _b\"></span>\u201c1. <span class=\"_ _b\"></span>Debiti <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erso <span class=\"_ _b\"></span>ret<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>endita\u201d <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>riconducibili <span class=\"_ _b\"></span>quasi <span class=\"_ _b\"></span>interame<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>te alle <span class=\"_ _e\"> </span>commissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _d\"> </span>da <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>iconos<span class=\"_ _1\"></span>cere <span class=\"_ _e\"> </span>ai <span class=\"_ _d\"> </span>di<span class=\"_ _0\"></span>str<span class=\"_ _1\"></span>ibutori <span class=\"_ _d\"> </span>dei <span class=\"_ _19\"> </span>prod<span class=\"_ _1\"></span>otti <span class=\"_ _d\"> </span>i<span class=\"_ _0\"></span>stitu<span class=\"_ _1\"></span>iti <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>gestiti <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>Gruppo; <span class=\"_ _e\"> </span>tali commissioni <span class=\"_ _b\"></span>verrann<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>pagate <span class=\"_ _b\"></span>quasi <span class=\"_ _b\"></span>interamente <span class=\"_ _0\"></span>nel <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rso<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>primo <span class=\"_ _b\"></span>trimestre <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>202<span class=\"_ _1\"></span>5. <span class=\"_ _b\"></span>L\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>um<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to, rispetto <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _b\"></span>2023, <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>principalme<span class=\"_ _1\"></span>nte <span class=\"_ _5\"></span>dovuto <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giori <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mmissioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ollo<span class=\"_ _1\"></span>camento <span class=\"_ _5\"></span>pe<span class=\"_ _1\"></span>r circa Euro 17,2 milio<span class=\"_ _1\"></span>ni. Il contribut<span class=\"_ _1\"></span>o di Kairos alla s<span class=\"_ _1\"></span>ottovoce \u00e8 pari a ci<span class=\"_ _1\"></span>rca Euro 2,7 milio<span class=\"_ _1\"></span>ni. Nella <span class=\"_ _1d\"> </span>sottovoce <span class=\"_ _18\"> </span>\u201c2. <span class=\"_ _1d\"> </span>Debiti <span class=\"_ _18\"> </span>per <span class=\"_ _1d\"> </span>attivit\u00e0 <span class=\"_ _1d\"> </span>di <span class=\"_ _18\"> </span>gestione\u201d, <span class=\"_ _18\"> </span>sono<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>evidenziati <span class=\"_ _18\"> </span>i <span class=\"_ _1d\"> </span>debiti <span class=\"_ _18\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>conducibili principalmente <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>commissioni da <span class=\"_ _b\"></span>ricon<span class=\"_ _1\"></span>oscere <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>distributori<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Sica<span class=\"_ _1\"></span>v <span class=\"_ _0\"></span>promosse <span class=\"_ _0\"></span>e/o g<span class=\"_ _0\"></span>estite<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>dal Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> per ci<span class=\"_ _1\"></span>rca 2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1 milioni e (ii) alle commissioni per l\u2019attivit\u00e0 di gestioni di patrimo<span class=\"_ _1\"></span>ni a f<span class=\"_ _0\"></span>av<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re di enti fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>svol<span class=\"_ _0\"></span>te da Ka<span class=\"_ _1\"></span>iros SGR per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>cir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a Euro 1,3 m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>lioni. La <span class=\"_ _5\"></span>sottovoce <span class=\"_ _b\"></span>\u201c<span class=\"_ _0\"></span>4. <span class=\"_ _5\"></span>Alt<span class=\"_ _1\"></span>ri <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>bi<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>4.2 <span class=\"_ _b\"></span>D<span class=\"_ _0\"></span>ebit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>per <span class=\"_ _5\"></span>leasing\u201d <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>costituita <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>debi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>iduo, <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2024, <span class=\"_ _3\"></span>in <span class=\"_ _1\"></span>relazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>ai di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itti <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>\u2019uso <span class=\"_ _3\"></span>isc<span class=\"_ _1\"></span>ritti <span class=\"_ _1\"></span>in <span class=\"_ _3\"></span>all\u2019applicazione <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>principio <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontabi<span class=\"_ _1\"></span>le <span class=\"_ _3\"></span>IFRS <span class=\"_ _3\"></span>16. L<span class=\"_ _3\"></span>\u2019incremento della <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>importo <span class=\"_ _5\"></span>complessivo <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>circa <span class=\"_ _5\"></span>Eu<span class=\"_ _0\"></span>ro <span class=\"_ _5\"></span>14<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>6 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>dovuto <span class=\"_ _5\"></span>princ<span class=\"_ _0\"></span>ipalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>(i) <span class=\"_ _6\"></span>ai debiti <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>contratti d<span class=\"_ _0\"></span>i locazione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>rela<span class=\"_ _1\"></span>tivi <span class=\"_ _b\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sedi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Milano, <span class=\"_ _0\"></span>Roma <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Torino <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa Euro <span class=\"_ _1\"></span>2,3 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>oltre a<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>locazione <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>auto <span class=\"_ _3\"></span>aziend<span class=\"_ _0\"></span>ali <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>onces<span class=\"_ _1\"></span>se <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>uso <span class=\"_ _3\"></span>gratuito <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>person<span class=\"_ _0\"></span>ale<span class=\"_ _3\"></span> e <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>altri b<span class=\"_ _0\"></span>eni <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>un<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>complessi<span class=\"_ _1\"></span>vo <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a c<span class=\"_ _0\"></span>irca <span class=\"_ _0\"></span>Euro<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>0,7 m<span class=\"_ _0\"></span>ilio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(ii)<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>ai con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atti <span class=\"_ _0\"></span>di locazione <span class=\"_ _0\"></span>di Vita <span class=\"_ _6\"></span>Srl, <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>gl<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>im<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bili <span class=\"_ _6\"></span>strumentali <span class=\"_ _6\"></span>all\u2019attivi<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _f\"> </span>svolta <span class=\"_ _f\"> </span>dal<span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollata<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ndiretta <span class=\"_ _6\"></span>(siti <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>R<span class=\"_ _0\"></span>oma<span class=\"_ _1\"></span>, Gressoney e Ponte di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>L<span class=\"_ _0\"></span>egno) per circa Euro 5,6 milioni, oltre ai contratti di locazione degli arredi degli<span class=\"_ _4a1\"> </span> immobili d<span class=\"_ _3\"></span>i Roma e<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Gr<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ney <span class=\"_ _3\"></span>per ci<span class=\"_ _1\"></span>rca Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mil<span class=\"_ _1\"></span>ioni, al <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>iii) <span class=\"_ _3\"></span>dei p<span class=\"_ _1\"></span>agamenti <span class=\"_ _1\"></span>effettuati <span class=\"_ _3\"></span>nel <span class=\"_ _1\"></span>corso del <span class=\"_ _f\"> </span>periodo. <span class=\"_ _f\"> </span>Per <span class=\"_ _6\"></span>maggiori <span class=\"_ _f\"> </span>informazioni <span class=\"_ _f\"></span>si <span class=\"_ _6\"></span>ri<span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>da<span class=\"_ _3\"></span>  a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la <span class=\"_ _f\"> </span>\u201cParte <span class=\"_ _6\"></span>D <span class=\"_ _f\"> </span>\u2013Altr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>  In<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ormazio<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"> </span>Sezione <span class=\"_ _6\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>\u2013 Informativa sul leasi<span class=\"_ _1\"></span>ng\u201d della prese<span class=\"_ _1\"></span>nte Nota integra<span class=\"_ _1\"></span>tiva consolidata.<span class=\"_ _3\"></span> La <span class=\"_ _6\"></span>sottovoce <span class=\"_ _b\"></span>\u201c<span class=\"_ _0\"></span>4. <span class=\"_ _5\"></span>Altri <span class=\"_ _5\"></span>debiti <span class=\"_ _5\"></span>\u2013 <span class=\"_ _6\"></span>4.3 <span class=\"_ _6\"></span>altri\u201d <span class=\"_ _5\"></span>comprende <span class=\"_ _5\"></span>(i) <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>inanziar<span class=\"_ _1\"></span>ia, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>Euro <span class=\"_ _5\"></span>1<span class=\"_ _0\"></span>4,4<span class=\"_ _3\"></span> milioni, <span class=\"_ _19\"> </span>rilevata <span class=\"_ _e\"> </span>a <span class=\"_ _19\"> </span>seguito<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>dell\u2019acq<span class=\"_ _1\"></span>uisizione <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _e\"> </span>Castello <span class=\"_ _19\"> </span>SGR <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>riferibile <span class=\"_ _e\"> </span>all\u2019ammontare <span class=\"_ _19\"> </span>atteso, opportunamente att<span class=\"_ _1\"></span>ualizzato, che la S<span class=\"_ _3\"></span>ociet\u00e0 prevede di c<span class=\"_ _1\"></span>orrispondere a <span class=\"_ _1\"></span>OCM OPPS X<span class=\"_ _1\"></span>b Investe<span class=\"_ _1\"></span>ments (Castello) <span class=\"_ _5\"></span>S.a.r.l. <span class=\"_ _b\"></span> <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>seguito <span class=\"_ _b\"></span>dell\u2019esercizio<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>dell\u2019opzio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>put <span class=\"_ _5\"></span>per <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _5\"></span>ef<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>etti <span class=\"_ _b\"></span>dell\u2019Accordo<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>put <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>call <span class=\"_ _b\"></span>per l\u2019acquisto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>20% d<span class=\"_ _0\"></span>i C<span class=\"_ _0\"></span>astell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>SG<span class=\"_ _1\"></span>R <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>(ii)<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>passivit\u00e0 f<span class=\"_ _0\"></span>ina<span class=\"_ _1\"></span>nziaria, <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>4,4 m<span class=\"_ _0\"></span>il<span class=\"_ _1\"></span>ioni, <span class=\"_ _0\"></span>rilevata <span class=\"_ _0\"></span>a seguito della<span class=\"_ _3\"></span> so<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>scrizi<span class=\"_ _1\"></span>one da<span class=\"_ _1\"></span> parte di <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>astell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> del p<span class=\"_ _1\"></span>atto p<span class=\"_ _1\"></span>arasociale c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n Hall<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span> S.p.a. e<span class=\"_ _1\"></span> riferibile all\u2019ammontare <span class=\"_ _16\"> </span>atteso, <span class=\"_ _16\"> </span>opportu<span class=\"_ _1\"></span>namente <span class=\"_ _16\"> </span>attualizz<span class=\"_ _1\"></span>ato, <span class=\"_ _16\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>la <span class=\"_ _16\"> </span>controllata <span class=\"_ _16\"> </span>Castello <span class=\"_ _16\"> </span>SGR <span class=\"_ _16\"> </span>prevede<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>di corrispondere <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>all<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>is <span class=\"_ _3\"></span>S.p.a.<span class=\"_ _1\"></span>, <span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>seguito <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizi<span class=\"_ _3\"></span>o dell<span class=\"_ _1\"></span>\u2019opzione <span class=\"_ _3\"></span>put <span class=\"_ _3\"></span>rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ita <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>21% <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>capitale <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>Vita Srl  e <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipli<span class=\"_ _1\"></span>nata  nell<span class=\"_ _1\"></span>\u2019ambito  del <span class=\"_ _f\"> </span>sopracitato <span class=\"_ _f\"> </span>patto  pa<span class=\"_ _1\"></span>rasociale.  Pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  ulte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iori <span class=\"_ _f\"> </span>dettagli  s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>manda  al paragrafo <span class=\"_ _c\"> </span>\u201cParte <span class=\"_ _c\"> </span>A <span class=\"_ _211\"> </span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>Politi<span class=\"_ _1\"></span>che <span class=\"_ _c\"> </span>contabili <span class=\"_ _c\"> </span>- <span class=\"_ _c\"> </span>Altr<span class=\"_ _0\"></span>e  informazioni <span class=\"_ _c\"> </span>\u201cOperazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _211\"> </span>conf<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mento <span class=\"_ _c\"> </span>ramo azienda in Vita Srl\u201d della p<span class=\"_ _3\"></span>resen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>No<span class=\"_ _0\"></span>ta i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teg<span class=\"_ _1\"></span>rativa consolidata.<span class=\"_ _1\"></span> Il contribut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>alla voce <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>0. Passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziar<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alut<span class=\"_ _1\"></span>ate <span class=\"_ _1\"></span>al costo amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtizzato\u201d (<span class=\"_ _3\"></span>i) di Kair<span class=\"_ _1\"></span>os SGR \u00e8 <span class=\"_ _3\"></span>pari a c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a Euro<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>5,7 milioni (di cui c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rca Euro <span class=\"_ _0\"></span>3 milioni riferiti a debiti <span class=\"_ _0\"></span>per leasing IFRS 16) e <span class=\"_ _0\"></span>(ii) di Vita <span class=\"_ _0\"></span>Srl \u00e8 pari a circa Euro 5,<span class=\"_ _1\"></span>9 milioni, riferiti es<span class=\"_ _1\"></span>clusivamente a<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> debiti per leasi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g IFRS 1<span class=\"_ _1\"></span>6.<span class=\"_ _4a1\"> </span><div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs9c1\">S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 7<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Le<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs9c2\">Informazioni qual<span class=\"_ _1\"></span>itative </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9c3\">I <span class=\"_ _0\"></span>contratti <span class=\"_ _0\"></span>sottos<span class=\"_ _1\"></span>critti <span class=\"_ _0\"></span>dal G<span class=\"_ _0\"></span>rupp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>rient<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>anti<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>nell\u2019ambito <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>azione del <span class=\"_ _b\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incipi<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>contabile <span class=\"_ _0\"></span>IF<span class=\"_ _1\"></span>RS </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9c4\">16 <span class=\"_ _1\"></span>riguardano <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>seguenti <span class=\"_ _3\"></span>fattispecie: <span class=\"_ _3\"></span>immobili, <span class=\"_ _3\"></span>materiale <span class=\"_ _3\"></span>hardware <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>autovetture. <span class=\"_ _3\"></span>I <span class=\"_ _1\"></span>contratti <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>asing </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9c5\">immobiliare <span class=\"_ _6\"></span>rapprese<span class=\"_ _1\"></span>ntano <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>\u2019area <span class=\"_ _5\"></span>d'impatto <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _6\"></span>si<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nificativa, <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>quanto <span class=\"_ _6\"></span>tali <span class=\"_ _5\"></span>contr<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>i <span class=\"_ _5\"></span>rappresentano </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9c6\">circa <span class=\"_ _c\"> </span>l\u201989% <span class=\"_ _c\"> </span>dei <span class=\"_ _211\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ri <span class=\"_ _211\"> </span>dei <span class=\"_ _c\"> </span>diritti <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>uso <span class=\"_ _c\"> </span>iscritti; <span class=\"_ _211\"> </span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ltan<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>invece <span class=\"_ _c\"> </span>marginali <span class=\"_ _211\"> </span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>impatti <span class=\"_ _211\"> </span>derivanti <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9c7\">com<span class=\"_ _0\"></span>pa<span class=\"_ _3\"></span>rto au<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>re e har<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ware.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9c8\">Si <span class=\"_ _3\"></span>segn<span class=\"_ _0\"></span>ala <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>non <span class=\"_ _3\"></span>sussistono <span class=\"_ _3\"></span>flussi <span class=\"_ _3\"></span>finanziari <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ita<span class=\"_ _3\"></span> a<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ui <span class=\"_ _3\"></span>le <span class=\"_ _1\"></span>societ\u00e0 <span class=\"_ _3\"></span>del <span class=\"_ _1\"></span>Gruppo, <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>qualit\u00e0 <span class=\"_ _3\"></span>di l<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>catario,<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9c9\">sono <span class=\"_ _b\"></span>potenzialme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>esposte, <span class=\"_ _b\"></span>che <span class=\"_ _b\"></span>non <span class=\"_ _0\"></span>siano <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i\u00e0 <span class=\"_ _0\"></span>state <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alutate <span class=\"_ _0\"></span>nelle <span class=\"_ _b\"></span>passivit\u00e0 <span class=\"_ _0\"></span>iscritte <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>appli<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>azione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9ca\">del principio contabi<span class=\"_ _1\"></span>le IFRS16. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9cb\">Con riferimento alla d<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>rata dei <span class=\"_ _1\"></span>contratti di lea<span class=\"_ _1\"></span>sing si evidenzia <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he il Gr<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o considera: </div><div class=\"t m1 h155 ff4 fs2 fc1 sc0 ls0 ws0 gs9cc\">\u2022<span class=\"_ _f6\"> </span><span class=\"ff2\">per le <span class=\"_ _3\"></span>locazioni i<span class=\"_ _1\"></span>mmobiliari, <span class=\"_ _1\"></span>come <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>agi<span class=\"_ _1\"></span>onevolmente <span class=\"_ _3\"></span>certo sol<span class=\"_ _1\"></span>o i<span class=\"_ _1\"></span>l prim<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>rinnovo, a<span class=\"_ _1\"></span> men<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>che no<span class=\"_ _1\"></span>n<span class=\"_ _4a1\"> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9cd\">vi <span class=\"_ _6\"></span>siano <span class=\"_ _5\"></span>clau<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>le <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ontratt<span class=\"_ _3\"></span>uali<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>ieti<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>rinnovo, <span class=\"_ _5\"></span>ovvero <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>atti <span class=\"_ _b\"></span>o <span class=\"_ _6\"></span>circostanze <span class=\"_ _5\"></span>che <span class=\"_ _6\"></span>portino <span class=\"_ _5\"></span>a<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9ce\">considerare rinnov<span class=\"_ _1\"></span>i aggiuntivi o a deter<span class=\"_ _1\"></span>minare la fine del <span class=\"_ _1\"></span>contratto di leasi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g;<span class=\"_ _3\"></span> </div><div class=\"t m1 h155 ff4 fs2 fc1 sc0 ls0 ws0 gs9cf\">\u2022<span class=\"_ _f6\"> </span><span class=\"ff2\">per <span class=\"_ _16\"> </span>i <span class=\"_ _1f\"> </span>leasin<span class=\"_ _0\"></span>g <span class=\"_ _16\"> </span>relativi <span class=\"_ _16\"> </span>ad <span class=\"_ _1f\"> </span>autovetture, <span class=\"_ _1f\"> </span>anche <span class=\"_ _16\"> </span>laddove <span class=\"_ _1f\"> </span>presenti <span class=\"_ _16\"> </span>opzioni <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _16\"> </span>rinnovo, <span class=\"_ _16\"> </span>di <span class=\"_ _1f\"> </span>non </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9d0\">considerarne ragi<span class=\"_ _1\"></span>onevolmente certo l<span class=\"_ _1\"></span>\u2019esercizio. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9d1\">Si d<span class=\"_ _0\"></span>ichiara che, <span class=\"_ _0\"></span>nel c<span class=\"_ _0\"></span>orso dell\u2019esercizio di <span class=\"_ _0\"></span>riferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>on <span class=\"_ _0\"></span>sono state <span class=\"_ _0\"></span>effettuate <span class=\"_ _0\"></span>operazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _0\"></span>di vend<span class=\"_ _0\"></span>ita </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9d2\">e retro-locazione su be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i di pr<span class=\"_ _1\"></span>opriet\u00e0 del Gruppo<span class=\"_ _3\"></span>. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9d3\">Per <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>contratti <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>leasing <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>brev<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>termine <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>i <span class=\"_ _5\"></span>contr<span class=\"_ _0\"></span>atti<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>leasing <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>cui <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>'atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _5\"></span>sottostante <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9d4\">modesto <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>e, il <span class=\"_ _0\"></span>Grupp<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>esercita le <span class=\"_ _0\"></span>esenzioni <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>pplicazio<span class=\"_ _0\"></span>ne concesse dal <span class=\"_ _0\"></span>paragrafo <span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>pr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>cip<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9d5\">contabile IF<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>S <span class=\"_ _3\"></span>16: pertanto, <span class=\"_ _3\"></span>per tali <span class=\"_ _3\"></span>contr<span class=\"_ _0\"></span>att<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>i pa<span class=\"_ _1\"></span>gamenti d<span class=\"_ _3\"></span>ovuti per <span class=\"_ _3\"></span>il leasing s<span class=\"_ _3\"></span>ono rilevati <span class=\"_ _3\"></span>nell<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>spese </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9d6\">amministrative su base li<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>eare<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> l<span class=\"_ _1\"></span>ungo la durata dei r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>spet<span class=\"_ _1\"></span>tivi contratti. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9d7\">Inoltre, <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>ricorda <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>decorre<span class=\"_ _1\"></span>nza <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>ciascun <span class=\"_ _0\"></span>nuovo c<span class=\"_ _0\"></span>ontratto subordinato <span class=\"_ _b\"></span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019app<span class=\"_ _1\"></span>licazione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9d8\">del principi<span class=\"_ _1\"></span>o contabile <span class=\"_ _3\"></span>IFRS16<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>- al fi<span class=\"_ _1\"></span>ne di a<span class=\"_ _1\"></span>ttualizzare <span class=\"_ _3\"></span>i pagamenti do<span class=\"_ _1\"></span>vuti per il <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>eas<span class=\"_ _3\"></span>ing - viene <span class=\"_ _3\"></span>utili<span class=\"_ _0\"></span>zza<span class=\"_ _1\"></span>to </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9d9\">il tasso di fina<span class=\"_ _1\"></span>nziamento marginale <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella Societ\u00e0 a t<span class=\"_ _3\"></span>ale data. </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs9db\">Informazioni quanti<span class=\"_ _1\"></span>tative<span class=\"_ _3\"></span> </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs9dc\">Attivit\u00e0 materia<span class=\"_ _1\"></span>li - diritti d\u2019uso acqu<span class=\"_ _1\"></span>isiti con il <span class=\"_ _1\"></span>leasing e i deb<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ti per l<span class=\"_ _1\"></span>easing: compos<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>zione </div><div class=\"gs9dd\"><table class=\"s w9d3 h3d6\" id=\"_b7a0fc89-773d-46bb-8a0f-a48a3c1a2050\"><tr><td class=\"c n xb12 y1be1 w9d4 h33b\"><div class=\"t m1a x17f h157 y177a ff3 fs80 fc1 sc0 ls0 ws0\">Voc<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span>l'a<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>tivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb13 y1be1 w9d5 h33b\"><div class=\"t m1a x17f h157 y177a ff3 fs80 fc1 sc0 ls0 ws0\">31.<span class=\"_ _1\"></span>12<span class=\"_ _1\"></span>.2<span class=\"_ _1\"></span>02<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb14 y1be1 w9d6 h33b\"><div class=\"t m1a x17f h157 y177a ff3 fs80 fc1 sc0 ls0 ws0\">31<span class=\"_ _3\"></span>.12<span class=\"_ _1\"></span>.20<span class=\"_ _3\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1a xb15 h158 y1be2 ff2 fs80 fc1 sc0 ls0 ws0\">40<span class=\"_ _3\"></span>.<span class=\"_ _d\"> </span>Atti<span class=\"_ _0\"></span>vit\u00e0 finanziarie <span class=\"_ _1\"></span>valutate <span class=\"_ _3\"></span>al<span class=\"_ _0\"></span> c<span class=\"_ _3\"></span>os<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>amm<span class=\"_ _0\"></span>ortizzato<span class=\"_ _4a1\"> </span></td><td class=\"c n x2ef y1be3 w9d7 h33b\"><div class=\"t m1a x17f h158 y16d9 ff2 fs80 fc1 sc0 ls0 ws0\">5<span class=\"_ _3\"></span>58<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb16 y1be3 w9d8 h33b\"><div class=\"t m1a x17f h158 y16d9 ff2 fs80 fc1 sc0 ls0 ws0\">70<span class=\"_ _3\"></span>0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1a xb17 h158 y1be4 ff5 fs80 fc1 sc0 ls0 ws0\">Cr<span class=\"_ _1\"></span>edi<span class=\"_ _3\"></span>ti <span class=\"_ _3\"></span>fi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>nziai<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>per<span class=\"_ _3\"></span> cont<span class=\"_ _3\"></span>ratti<span class=\"_ _1\"></span> d<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>subl<span class=\"_ _3\"></span>easin<span class=\"_ _3\"></span>g i<span class=\"_ _3\"></span>mmob<span class=\"_ _1\"></span>ili<span class=\"_ _3\"></span>ari<span class=\"_ _4a1\"> </span></td><td class=\"c n x2ef y1be5 w9d7 h356\"><div class=\"t m1a x17f h158 y1bda ff5 fs80 fc1 sc0 ls0 ws0\">5<span class=\"_ _3\"></span>58<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb18 y1be5 w9d9 h356\"><div class=\"t m1a x17f h158 y1bda ff5 fs80 fc1 sc0 ls0 ws0\">700<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1a xb15 h158 y1be6 ff2 fs80 fc1 sc0 ls0 ws0\">80<span class=\"_ _3\"></span>.<span class=\"_ _d\"> </span>Atti<span class=\"_ _0\"></span>vit\u00e0 materiali<span class=\"_ _4a1\"> </span></td><td class=\"c n xb19 y1be7 w9da h3d7\"><div class=\"t m1a x17f h158 y16c3 ff2 fs80 fc1 sc0 ls0 ws0\">2<span class=\"_ _3\"></span>4.96<span class=\"_ _3\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb1a y1be7 w9db h3d7\"><div class=\"t m1a x17f h158 y16c3 ff2 fs80 fc1 sc0 ls0 ws0\">18<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>35<span class=\"_ _3\"></span>2<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1a xb17 h158 y1be8 ff5 fs80 fc1 sc0 ls0 ws0\">f<span class=\"_ _3\"></span>abbr<span class=\"_ _3\"></span>icati </td><td class=\"c n xb19 y1be9 w9dc h356\"><div class=\"t m1a x17f h158 y1bda ff5 fs80 fc1 sc0 ls0 ws0\">2<span class=\"_ _3\"></span>2.29<span class=\"_ _3\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb1b y1be9 w9dd h356\"><div class=\"t m1a x17f h158 y1bda ff5 fs80 fc1 sc0 ls0 ws0\">17<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>9<span class=\"_ _3\"></span>1<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb05 y1bdd w9de h356\"><div class=\"t m1a x17f h158 y1bda ff5 fs80 fc1 sc0 ls0 ws0\">mobi<span class=\"_ _3\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb1c y1bdd w9d8 h356\"><div class=\"t m1a x17f h158 y1bda ff5 fs80 fc1 sc0 ls0 ws0\">3<span class=\"_ _3\"></span>62<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb1d y1bdd w9d7 h356\"><div class=\"t m1a x17f h158 y1bda ff5 fs80 fc1 sc0 ls0 ws0\">12<span class=\"_ _3\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1a xb17 h158 y1bea ff5 fs80 fc1 sc0 ls0 ws0\">i<span class=\"_ _1\"></span>mpia<span class=\"_ _3\"></span>nti<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>ele<span class=\"_ _1\"></span>ttr<span class=\"_ _3\"></span>oni<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></td><td class=\"c n xb1e y1beb w9df h356\"><div class=\"t m1a x17f h158 y1bda ff5 fs80 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _3\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb1f y1beb w9d7 h356\"><div class=\"t m1a x17f h158 y1bda ff5 fs80 fc1 sc0 ls0 ws0\">21<span class=\"_ _3\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1a xb17 h158 y1bec ff5 fs80 fc1 sc0 ls0 ws0\">altr<span class=\"_ _3\"></span>i b<span class=\"_ _3\"></span>en<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>-<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>auto<span class=\"_ _4a1\"> </span></td><td class=\"c n xb1e y1bdf w9df h356\"><div class=\"t m1a x17f h158 y1bda ff5 fs80 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _3\"></span>85<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb1f y1bdf w9d7 h356\"><div class=\"t m1a x17f h158 y1bda ff5 fs80 fc1 sc0 ls0 ws0\">62<span class=\"_ _3\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1a xb17 h157 y1bed ff3 fs80 fc1 sc0 ls0 ws0\">Totale a<span class=\"_ _3\"></span>tti<span class=\"_ _0\"></span>vo </td><td class=\"c n xb19 y16d8 w9e0 h33b\"><div class=\"t m1a x17f h157 y177a ff3 fs80 fc1 sc0 ls0 ws0\">2<span class=\"_ _3\"></span>5.5<span class=\"_ _3\"></span>25<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb20 y16d8 w9e0 h33b\"><div class=\"t m1a x17f h157 y177a ff3 fs80 fc1 sc0 ls0 ws0\">19<span class=\"_ _3\"></span>.05<span class=\"_ _3\"></span>2<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"gs9de\"><table class=\"s w9bd h3d5\" id=\"_937abd40-b0bc-4306-8e7b-bde6a2854481\"><tr><td class=\"c n xb00 y1bd7 w9be h33b\"><div class=\"t m1a x17f h157 y177a ff3 fs80 fc1 sc0 ls0 ws0\">Voc<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>del pa<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>siv<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb01 y1bd7 w9bf h33b\"><div class=\"t m1a x17f h157 y177a ff3 fs80 fc1 sc0 ls0 ws0\">31<span class=\"_ _3\"></span>.12<span class=\"_ _1\"></span>.20<span class=\"_ _3\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb02 y1bd7 w9c0 h33b\"><div class=\"t m1a x17f h157 y177a ff3 fs80 fc1 sc0 ls0 ws0\">31.<span class=\"_ _3\"></span>12.2<span class=\"_ _3\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1bd8 w9c1 h33b\"><div class=\"t m1a x17f h158 y16c3 ff2 fs80 fc1 sc0 ls0 ws0\">10<span class=\"_ _3\"></span>.<span class=\"_ _d\"> </span>Passi<span class=\"_ _0\"></span>vit\u00e0 finanziarie <span class=\"_ _3\"></span>valut<span class=\"_ _0\"></span>ate <span class=\"_ _3\"></span>al costo <span class=\"_ _1\"></span>amm<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rti<span class=\"_ _0\"></span>zz<span class=\"_ _3\"></span>at<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb03 y1bd8 w9c2 h33b\"><div class=\"t m1a x17f h158 y16c3 ff2 fs80 fc1 sc0 ls0 ws0\">(26<span class=\"_ _3\"></span>.09<span class=\"_ _3\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb04 y1bd8 w9c3 h33b\"><div class=\"t m1a x17f h158 y16c3 ff2 fs80 fc1 sc0 ls0 ws0\">(18<span class=\"_ _3\"></span>.917<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb05 y1bd9 w9c4 h33b\"><div class=\"t m1a x17f h158 y16c3 ff2 fs80 fc1 sc0 ls0 ws0\">a)<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>debiti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb06 y1bd9 w9c5 h33b\"><div class=\"t m1a x17f h158 y16c3 ff2 fs80 fc1 sc0 ls0 ws0\">(26<span class=\"_ _3\"></span>.09<span class=\"_ _3\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb07 y1bd9 w9c6 h33b\"><div class=\"t m1a x17f h158 y16c3 ff2 fs80 fc1 sc0 ls0 ws0\">(18<span class=\"_ _3\"></span>.917<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb05 y1bdb w9c7 h356\"><div class=\"t m1a x17f h158 y1bda ff5 fs80 fc1 sc0 ls0 ws0\">de<span class=\"_ _3\"></span>bi<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er <span class=\"_ _1\"></span>lea<span class=\"_ _3\"></span>sin<span class=\"_ _1\"></span>g <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span> f<span class=\"_ _3\"></span>abb<span class=\"_ _3\"></span>ricati<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb08 y1bdb w9c8 h356\"><div class=\"t m1a x17f h158 y1bda ff5 fs80 fc1 sc0 ls0 ws0\">(23<span class=\"_ _1\"></span>.32<span class=\"_ _3\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb09 y1bdb w9c8 h356\"><div class=\"t m1a x17f h158 y1bda ff5 fs80 fc1 sc0 ls0 ws0\">(1<span class=\"_ _1\"></span>7.9<span class=\"_ _3\"></span>72)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb05 y1bdd w9c9 h371\"><div class=\"t m1a x17f h158 y1bdc ff5 fs80 fc1 sc0 ls0 ws0\">de<span class=\"_ _3\"></span>bi<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er <span class=\"_ _1\"></span>mob<span class=\"_ _3\"></span>ili<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb0a y1bdd w9ca h371\"><div class=\"t m1a x17f h158 y1bdc ff5 fs80 fc1 sc0 ls0 ws0\">(3<span class=\"_ _1\"></span>61<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb0b y1bdd w9cb h371\"><div class=\"t m1a x17f h158 y1bdc ff5 fs80 fc1 sc0 ls0 ws0\">(10<span class=\"_ _3\"></span>3)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb05 y1bde w9cc h371\"><div class=\"t m1a x17f h158 y1bdc ff5 fs80 fc1 sc0 ls0 ws0\">de<span class=\"_ _3\"></span>bi<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er <span class=\"_ _1\"></span>lea<span class=\"_ _3\"></span>sin<span class=\"_ _1\"></span>g <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span> i<span class=\"_ _1\"></span>mpi<span class=\"_ _3\"></span>anti<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>ele<span class=\"_ _3\"></span>ttron<span class=\"_ _3\"></span>ici<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb0c y1bde w9cd h371\"><div class=\"t m1a x17f h158 y1bdc ff5 fs80 fc1 sc0 ls0 ws0\">(1<span class=\"_ _1\"></span>.19<span class=\"_ _3\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb0d y1bde w9ce h371\"><div class=\"t m1a x17f h158 y1bdc ff5 fs80 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>17)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb05 y1bdf w9cf h371\"><div class=\"t m1a x17f h158 y1bdc ff5 fs80 fc1 sc0 ls0 ws0\">de<span class=\"_ _3\"></span>bi<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er <span class=\"_ _1\"></span>lea<span class=\"_ _3\"></span>sin<span class=\"_ _1\"></span>g <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span> alt<span class=\"_ _3\"></span>ri <span class=\"_ _3\"></span>ben<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>-<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>au<span class=\"_ _1\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb0e y1bdf w9cd h371\"><div class=\"t m1a x17f h158 y1bdc ff5 fs80 fc1 sc0 ls0 ws0\">(1.2<span class=\"_ _1\"></span>12<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb0f y1bdf w9cb h371\"><div class=\"t m1a x17f h158 y1bdc ff5 fs80 fc1 sc0 ls0 ws0\">(62<span class=\"_ _3\"></span>5)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb05 y16d8 w9d0 h33b\"><div class=\"t m1a x17f h157 y1be0 ff3 fs80 fc1 sc0 ls0 ws0\">Totale p<span class=\"_ _3\"></span>assi<span class=\"_ _0\"></span>vo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb10 y16d8 w9d1 h33b\"><div class=\"t m1a x17f h157 y1be0 ff3 fs80 fc1 sc0 ls0 ws0\">(26<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _3\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb11 y16d8 w9d2 h33b\"><div class=\"t m1a x17f h157 y1be0 ff3 fs80 fc1 sc0 ls0 ws0\">(18<span class=\"_ _3\"></span>.91<span class=\"_ _1\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs9e0\">Componenti redditua<span class=\"_ _3\"></span>li<span class=\"_ _0\"></span> corr<span class=\"_ _1\"></span>elate ai contratt<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> lea<span class=\"_ _1\"></span>sing IFRS 16 </div><div class=\"gs9e1\"><table class=\"s w9e1 h3d8\" id=\"_9a018b45-350a-4cf3-9e65-6eed483f3a4e\"><tr><td class=\"c n xb21 y1bef w9e2 h34e\"><div class=\"t m29 x17f h159 y1bee ff3 fs81 fc1 sc0 ls0 ws0\">Voci del <span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>onto<span class=\"_ _3\"></span> ec<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nomico<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb22 y1bef w9e3 h34e\"><div class=\"t m29 x17f h159 y1bee ff3 fs81 fc1 sc0 ls0 ws0\">31<span class=\"_ _3\"></span>.12<span class=\"_ _3\"></span>.202<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb23 y1bef w9e4 h34e\"><div class=\"t m29 x17f h159 y1bee ff3 fs81 fc1 sc0 ls0 ws0\">31.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2.2<span class=\"_ _3\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m29 xb24 h15a y1bf0 ff2 fs81 fc1 sc0 ls0 ws0\">5<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _15\"> </span>I<span class=\"_ _0\"></span>nter<span class=\"_ _1\"></span>essi<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>atti<span class=\"_ _0\"></span>vi <span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>proventi assi<span class=\"_ _0\"></span>mil<span class=\"_ _0\"></span>ati<span class=\"_ _4a1\"> </span></td><td class=\"c n xb25 y1bf1 w9e5 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">1<span class=\"_ _1\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb26 y1bf1 w9e5 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">1<span class=\"_ _1\"></span>0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m29 xb27 h15a y1bf2 ff5 fs81 fc1 sc0 ls0 ws0\">d<span class=\"_ _3\"></span>i cu<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>int<span class=\"_ _3\"></span>eressi<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span>ttivi <span class=\"_ _3\"></span>rela<span class=\"_ _1\"></span>tivi <span class=\"_ _3\"></span>ai <span class=\"_ _1\"></span>d<span class=\"_ _1\"></span>eb<span class=\"_ _1\"></span>it<span class=\"_ _3\"></span>i p<span class=\"_ _1\"></span>er <span class=\"_ _3\"></span>leasi<span class=\"_ _3\"></span>ng <span class=\"_ _3\"></span>su <span class=\"_ _3\"></span>fab<span class=\"_ _3\"></span>bri<span class=\"_ _1\"></span>cati<span class=\"_ _4a1\"> </span></td><td class=\"c n xb25 y1bf3 w9e5 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">1<span class=\"_ _1\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb26 y1bf3 w9e5 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">1<span class=\"_ _1\"></span>0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb28 y1bf4 w9e6 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>.<span class=\"_ _15\"> </span>I<span class=\"_ _0\"></span>nter<span class=\"_ _1\"></span>essi<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>passiv<span class=\"_ _0\"></span>i e<span class=\"_ _3\"></span> one<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>as<span class=\"_ _0\"></span>sim<span class=\"_ _0\"></span>ilat<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb29 y1bf4 w9e7 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">(75<span class=\"_ _3\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb2a y1bf4 w9e8 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">(9<span class=\"_ _1\"></span>5<span class=\"_ _1\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb21 y1bf6 w9e9 h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">d<span class=\"_ _3\"></span>i cu<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>rela<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> ai<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>ebi<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>le<span class=\"_ _1\"></span>asin<span class=\"_ _3\"></span>g su<span class=\"_ _3\"></span> f<span class=\"_ _1\"></span>ab<span class=\"_ _3\"></span>bri<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ati<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb2b y1bf6 w9ea h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">(67<span class=\"_ _3\"></span>5)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb2c y1bf7 w9eb h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">(79<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb21 y1bf8 w9ec h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">d<span class=\"_ _3\"></span>i cu<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>rela<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> ai<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>ebi<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>le<span class=\"_ _1\"></span>asin<span class=\"_ _3\"></span>g su<span class=\"_ _3\"></span> mo<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb2d y1bf8 w9ed h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">(5<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb2e y1bf9 w9ee h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">(1)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb21 y1bfa w9ef h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">d<span class=\"_ _3\"></span>i cu<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>rela<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> ai<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>ebi<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>le<span class=\"_ _1\"></span>asin<span class=\"_ _3\"></span>g su<span class=\"_ _3\"></span> im<span class=\"_ _3\"></span>pian<span class=\"_ _3\"></span>ti <span class=\"_ _3\"></span>elet<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>oni<span class=\"_ _3\"></span>ci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb2f y1bfa w9f0 h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb30 y1bfb w9f1 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">(5<span class=\"_ _1\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb21 y1bfc w9f2 h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">d<span class=\"_ _3\"></span>i cu<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>rela<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> ai<span class=\"_ _3\"></span> d<span class=\"_ _3\"></span>ebi<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>le<span class=\"_ _1\"></span>asin<span class=\"_ _3\"></span>g su<span class=\"_ _3\"></span> al<span class=\"_ _1\"></span>tr<span class=\"_ _3\"></span>i b<span class=\"_ _3\"></span>eni<span class=\"_ _1\"></span> - <span class=\"_ _3\"></span>auto<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb31 y1bfc w9f3 h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb32 y1bfd w9eb h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">(10<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1bfe w9f4 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">14<span class=\"_ _3\"></span>0.<span class=\"_ _15\"> </span>Sp<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>ammi<span class=\"_ _0\"></span>nist<span class=\"_ _0\"></span>rative<span class=\"_ _1\"></span>:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb33 y1bfe w9f5 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">504<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb34 y1bfe w9f6 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">21<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb21 y1bff w9f7 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">a)<span class=\"_ _3\"></span> spese <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r <span class=\"_ _1\"></span>i<span class=\"_ _0\"></span>l per<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb35 y1bff w9f8 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">9<span class=\"_ _3\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb36 y1bff w9f6 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">21<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m29 xb27 h15a y1c00 ff5 fs81 fc1 sc0 ls0 ws0\">costi<span class=\"_ _1\"></span> pe<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>nole<span class=\"_ _3\"></span>ggio <span class=\"_ _3\"></span>auto<span class=\"_ _1\"></span> a<span class=\"_ _3\"></span> br<span class=\"_ _1\"></span>eve <span class=\"_ _1\"></span>ter<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ne<span class=\"_ _4a1\"> </span></td><td class=\"c n xb37 y1c01 w9e5 h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">9<span class=\"_ _1\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb38 y1c01 w9f9 h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">21<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb21 y1c02 w9fa h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">b)<span class=\"_ _3\"></span> alt<span class=\"_ _0\"></span>re<span class=\"_ _3\"></span> spese <span class=\"_ _3\"></span>ammi<span class=\"_ _0\"></span>nist<span class=\"_ _0\"></span>rative<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb39 y1c02 w9fb h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">41<span class=\"_ _3\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb3a y1c02 w9fc h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m29 xb27 h15a y1c03 ff5 fs81 fc1 sc0 ls0 ws0\">costi<span class=\"_ _1\"></span> pe<span class=\"_ _3\"></span>r <span class=\"_ _3\"></span>nole<span class=\"_ _3\"></span>ggio <span class=\"_ _3\"></span>impi<span class=\"_ _3\"></span>anti<span class=\"_ _3\"></span> e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ttron<span class=\"_ _3\"></span>ici </td><td class=\"c n x2ad y1c04 w9fb h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">13<span class=\"_ _3\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb3b y1c04 w9fd h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb21 y1c05 w9fe h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">lo<span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>immob<span class=\"_ _1\"></span>ili<span class=\"_ _3\"></span> a <span class=\"_ _3\"></span>bre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>termin<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb3c y1c05 w9ff h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">277<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb3d y1c05 w9fd h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1c06 wa00 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">16<span class=\"_ _3\"></span>0.<span class=\"_ _15\"> </span>Retti<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>/R<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>pr<span class=\"_ _3\"></span>ese di <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>lo<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span> ne<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>su<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>att<span class=\"_ _0\"></span>ivit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _1\"></span>material<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb3e y1c06 wa01 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">(4<span class=\"_ _3\"></span>.978<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb3f y1c06 wa02 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">(3<span class=\"_ _1\"></span>.15<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb21 y1773 wa03 h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">Amm<span class=\"_ _1\"></span>ortam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>Di<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>ttti <span class=\"_ _3\"></span>d'us<span class=\"_ _1\"></span>o su<span class=\"_ _3\"></span> fa<span class=\"_ _3\"></span>bbr<span class=\"_ _3\"></span>icati <span class=\"_ _3\"></span>acquis<span class=\"_ _1\"></span>it<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>con <span class=\"_ _1\"></span>il<span class=\"_ _3\"></span> lea<span class=\"_ _1\"></span>sin<span class=\"_ _3\"></span>g<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb40 y1773 wa04 h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>00<span class=\"_ _3\"></span>5)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb41 y1c07 wa05 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">(2<span class=\"_ _1\"></span>.70<span class=\"_ _1\"></span>4<span class=\"_ _1\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb21 y1c08 wa06 h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">Amm<span class=\"_ _1\"></span>ortam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>Di<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>ttti <span class=\"_ _3\"></span>d'us<span class=\"_ _1\"></span>o su<span class=\"_ _3\"></span> mob<span class=\"_ _1\"></span>il<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>acqui<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>il<span class=\"_ _3\"></span> lea<span class=\"_ _3\"></span>sing<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb42 y1c08 w9ea h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">(15<span class=\"_ _3\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c xb43 y1c09 w3c h15b\"><div class=\"t m29 x3b h15a y46b ff5 fs81 fc1 sc0 ls0 ws0\">Amm<span class=\"_ _1\"></span>ortam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>Di<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>ttti <span class=\"_ _3\"></span>d'us<span class=\"_ _1\"></span>o su<span class=\"_ _3\"></span> im<span class=\"_ _3\"></span>pian<span class=\"_ _3\"></span>ti <span class=\"_ _1\"></span>el<span class=\"_ _3\"></span>ettron<span class=\"_ _3\"></span>ici <span class=\"_ _1\"></span>acqu<span class=\"_ _1\"></span>isi<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span> il<span class=\"_ _3\"></span> le<span class=\"_ _3\"></span>asin<span class=\"_ _3\"></span>g<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb44 y1c0a w9ea h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">(28<span class=\"_ _3\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb45 y1c0b wa07 h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>328<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb46 y16d8 wa08 h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">Amm<span class=\"_ _1\"></span>ortam<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>Di<span class=\"_ _1\"></span>ri<span class=\"_ _3\"></span>ttti <span class=\"_ _3\"></span>d'us<span class=\"_ _1\"></span>o su<span class=\"_ _3\"></span> alt<span class=\"_ _3\"></span>ri <span class=\"_ _1\"></span>b<span class=\"_ _1\"></span>eni<span class=\"_ _3\"></span> (au<span class=\"_ _3\"></span>to) acqu<span class=\"_ _3\"></span>isit<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span> il<span class=\"_ _1\"></span> l<span class=\"_ _3\"></span>easin<span class=\"_ _3\"></span>g<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb47 y16d8 wa09 h33a\"><div class=\"t m29 x17f h15a y1bf5 ff5 fs81 fc1 sc0 ls0 ws0\">(542<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb48 y1c0c wa0a h35a\"><div class=\"t m29 x17f h15a y16e8 ff2 fs81 fc1 sc0 ls0 ws0\">(1<span class=\"_ _3\"></span>18)<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs9e3\">Attivit\u00e0 materia<span class=\"_ _1\"></span>li \u2013 diritti d\u2019uso acquis<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ti con <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l l<span class=\"_ _1\"></span>easing: varia<span class=\"_ _1\"></span>zioni annue </div><div class=\"gs9e4\"><table class=\"s wa0b h3d9\" id=\"_4bcc84e9-652c-41ba-a6a6-534f8d55f733\"><tr><td></td><td></td><td class=\"c n xb49 y1c0e wa0c h374\"><div class=\"t m10 x17f h15e y1c0d ff3 fs82 fc1 sc0 ls0 ws0\">Fab<span class=\"_ _3\"></span>bricati<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb4a y1c0e wa0d h374\"><div class=\"t m10 x17f h15e y1c0d ff3 fs82 fc1 sc0 ls0 ws0\">Mobili<span class=\"_ _4a1\"> </span></div></td><td class=\"t m10 x4ea h15e y1c0f ff3 fs82 fc1 sc0 ls0 ws0\">Impian<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></td><td class=\"c n xb4b y1c0e wa0e h374\"><div class=\"t m10 x17f h15e y1c0d ff3 fs82 fc1 sc0 ls0 ws0\">Altre<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb4c y1c0e wa0f h374\"><div class=\"t m10 x17f h15e y1c0d ff3 fs82 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>tale<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m10 xb4d h15e y1c10 ff3 fs82 fc1 sc0 ls0 ws0\">elet<span class=\"_ _0\"></span>tr<span class=\"_ _1\"></span>onici<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c x1a9 y1c12 wa10 h3da\"><div class=\"t m10 x17f h15e y1c11 ff3 fs82 fc1 sc0 ls0 ws0\">A.<span class=\"_ _4a1\"> </span></div><div class=\"t m10 xb4e h15e y1c0d ff3 fs82 fc1 sc0 ls0 ws0\">Esistenze iniz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i lo<span class=\"_ _1\"></span>rde<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xb4f y1c12 wa11 h374\"><div class=\"t m10 x17f h15e y1c0d ff3 fs82 fc1 sc0 ls0 ws0\">20<span class=\"_ _3\"></span>.686<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb50 y1c12 wa12 h374\"><div class=\"t m10 x17f h15e y1c0d ff3 fs82 fc1 sc0 ls0 ws0\">18<span class=\"_ _1\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb51 y1c12 wa13 h374\"><div class=\"t m10 x17f h15e y1c0d ff3 fs82 fc1 sc0 ls0 ws0\">51<span class=\"_ _3\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb52 y1c12 wa14 h374\"><div class=\"t m10 x17f h15e y1c0d ff3 fs82 fc1 sc0 ls0 ws0\">1.19<span class=\"_ _3\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb53 y1c12 wa15 h374\"><div class=\"t m10 x17f h15e y1c0d ff3 fs82 fc1 sc0 ls0 ws0\">2<span class=\"_ _1\"></span>2.58<span class=\"_ _3\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m10 x2ed h15f y1c13 ff2 fs82 fc1 sc0 ls0 ws0\">A.1<span class=\"_ _4a1\"> </span></td><td class=\"c n xb54 y1c15 wa16 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">Ri<span class=\"_ _0\"></span>duzioni d<span class=\"_ _1\"></span>i valori totali<span class=\"_ _0\"></span> nette<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb55 y1c16 wa17 h38a\"><div class=\"t m10 x17f h15f y1ae6 ff5 fs82 fc1 sc0 ls0 ws0\">(3.2<span class=\"_ _1\"></span>95)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb56 y1c16 wa18 h38a\"><div class=\"t m10 x17f h15f y1ae6 ff5 fs82 fc1 sc0 ls0 ws0\">(61)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb57 y1c16 wa19 h38a\"><div class=\"t m10 x17f h15f y1ae6 ff5 fs82 fc1 sc0 ls0 ws0\">(3<span class=\"_ _1\"></span>03)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb58 y1c16 wa1a h38a\"><div class=\"t m10 x17f h15f y1ae6 ff5 fs82 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>73)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb59 y1c16 wa1b h38a\"><div class=\"t m10 x17f h15f y1ae6 ff5 fs82 fc1 sc0 ls0 ws0\">(4.23<span class=\"_ _3\"></span>2)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m10 x2ed h15e y1c17 ff3 fs82 fc1 sc0 ls0 ws0\">A.2<span class=\"_ _4a1\"> </span></td><td class=\"c n xb54 y1c18 wa1c h374\"><div class=\"t m10 x17f h15e y1c0d ff3 fs82 fc1 sc0 ls0 ws0\">Esistenze iniz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i n<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>tte<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb5a y1c18 wa1d h374\"><div class=\"t m10 x17f h15e y1c0d ff3 fs82 fc1 sc0 ls0 ws0\">17<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>91<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb5b y1c18 wa13 h374\"><div class=\"t m10 x17f h15e y1c0d ff3 fs82 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>25<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb5c y1c18 wa13 h374\"><div class=\"t m10 x17f h15e y1c0d ff3 fs82 fc1 sc0 ls0 ws0\">21<span class=\"_ _3\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb5d y1c18 wa13 h374\"><div class=\"t m10 x17f h15e y1c0d ff3 fs82 fc1 sc0 ls0 ws0\">62<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb5e y1c18 wa1e h374\"><div class=\"t m10 x17f h15e y1c0d ff3 fs82 fc1 sc0 ls0 ws0\">18.3<span class=\"_ _3\"></span>52<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c x1a9 y1c1b wa1f h3da\" colspan=\"2\"><div class=\"t m10 x17f h15e y1c19 ff3 fs82 fc1 sc0 ls0 ws0\">B.<span class=\"_ _4a1\"> </span></div><div class=\"t m10 xb4e h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">Aumenti:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb5f y1c1b wa1d h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">15<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>99<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb60 y1c1b wa12 h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">38<span class=\"_ _1\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb61 y1c1b wa20 h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _1\"></span>4<span class=\"_ _3\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb62 y1c1b wa14 h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">2.70<span class=\"_ _3\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb63 y1c1b wa21 h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">2<span class=\"_ _1\"></span>0.4<span class=\"_ _1\"></span>29<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m10 x2ed h15f y1c1c ff2 fs82 fc1 sc0 ls0 ws0\">B.<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></td><td class=\"c n xb54 y1c1d wa22 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">Ac<span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>uisti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb64 y1c1d wa23 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>51<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xb65 y1c1d wa24 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">1.00<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb66 y1c1d wa13 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">64<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb67 y1c1d wa24 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">3.00<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m10 x2ed h15f y1c1e ff2 fs82 fc1 sc0 ls0 ws0\">B.<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></td><td class=\"c n xb54 y1c1f wa25 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">Altre v<span class=\"_ _1\"></span>ariazioni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb68 y1c1f wa26 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">14.54<span class=\"_ _3\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb69 y1c1f wa27 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">38<span class=\"_ _1\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb6a y1c1f wa28 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">432<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb6b y1c1f wa29 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">2.0<span class=\"_ _1\"></span>57<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb6c y1c1f wa2a h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">17<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>24<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c x1a9 y1c21 wa2b h3db\" colspan=\"2\"><div class=\"t m10 x17f h15e y1c20 ff3 fs82 fc1 sc0 ls0 ws0\">C.<span class=\"_ _4a1\"> </span></div><div class=\"t m10 xb4e h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">D<span class=\"_ _1\"></span>iminuzio<span class=\"_ _3\"></span>ni<span class=\"_ _0\"></span>:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb6d y1c21 wa2c h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">(10.<span class=\"_ _1\"></span>995<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb6e y1c21 wa2d h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">(151<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb6f y1c21 wa2e h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>529)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb70 y1c21 wa2f h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>2.1<span class=\"_ _1\"></span>39)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb71 y1c21 wa30 h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">(13<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>13)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m10 x2ed h15f y1c22 ff2 fs82 fc1 sc0 ls0 ws0\">C.1<span class=\"_ _4a1\"> </span></td><td class=\"c n xb54 y1c23 wa31 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">Ve<span class=\"_ _1\"></span>ndite<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb72 y1c23 wa32 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">(1.48<span class=\"_ _1\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xb73 y1c23 wa33 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">(17<span class=\"_ _1\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb74 y1c23 wa34 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>855)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb75 y1c23 wa35 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">(2<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>5<span class=\"_ _1\"></span>11)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m10 x2ed h15f y1c24 ff2 fs82 fc1 sc0 ls0 ws0\">C.2<span class=\"_ _4a1\"> </span></td><td class=\"c n xb54 y1c25 wa36 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">Ammortamenti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb76 y1c25 wa37 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">(4.0<span class=\"_ _3\"></span>05)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb77 y1c25 wa38 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">(1<span class=\"_ _1\"></span>51<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb78 y1c25 wa2d h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>280)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb79 y1c25 wa39 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">(5<span class=\"_ _3\"></span>42)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb7a y1c25 wa3a h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">(4<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>78)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m10 x2ed h15f y1c26 ff2 fs82 fc1 sc0 ls0 ws0\">C.7<span class=\"_ _4a1\"> </span></td><td class=\"c n xb54 y1c27 wa25 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">Altre v<span class=\"_ _1\"></span>ariazioni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb7b y1c28 wa3b h38a\"><div class=\"t m10 x17f h15f y1ae6 ff5 fs82 fc1 sc0 ls0 ws0\">(5<span class=\"_ _1\"></span>.507<span class=\"_ _1\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xb7c y1c28 wa3c h38a\"><div class=\"t m10 x17f h15f y1ae6 ff5 fs82 fc1 sc0 ls0 ws0\">(75<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb7d y1c28 wa3d h38a\"><div class=\"t m10 x17f h15f y1ae6 ff5 fs82 fc1 sc0 ls0 ws0\">(74<span class=\"_ _1\"></span>2)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb7e y1c27 wa3a h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">(6<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>24)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c x1a9 y1c29 wa3e h3da\" colspan=\"2\"><div class=\"t m10 x17f h15e y1c19 ff3 fs82 fc1 sc0 ls0 ws0\">D.<span class=\"_ _4a1\"> </span></div><div class=\"t m10 xb4e h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">Rimanenz<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> f<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>ne<span class=\"_ _0\"></span>tte<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb7f y1c29 wa15 h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">22<span class=\"_ _3\"></span>.29<span class=\"_ _1\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb80 y1c29 wa12 h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">3<span class=\"_ _1\"></span>62<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb81 y1c29 wa3f h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">1.12<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb82 y1c29 wa40 h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">1.<span class=\"_ _3\"></span>186<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb83 y1c29 wa41 h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">24<span class=\"_ _1\"></span>.96<span class=\"_ _1\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m10 x2ed h15f y1c2a ff2 fs82 fc1 sc0 ls0 ws0\">D.<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></td><td class=\"c n xb54 y1c2b wa42 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">Ri<span class=\"_ _0\"></span>duzioni d<span class=\"_ _1\"></span>i valore to<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>nette<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb84 y1c2b wa43 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">(11.8<span class=\"_ _3\"></span>21)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb85 y1c2b wa39 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">(21<span class=\"_ _3\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb86 y1c2b wa34 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>485)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb87 y1c2b wa44 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>1.135)</div></td><td class=\"c n xb88 y1c2c wa45 h38a\"><div class=\"t m10 x17f h15f y1ae6 ff5 fs82 fc1 sc0 ls0 ws0\">(13.65<span class=\"_ _3\"></span>2)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m10 x2ed h15e y1c2d ff3 fs82 fc1 sc0 ls0 ws0\">D.2<span class=\"_ _4a1\"> </span></td><td class=\"c n xb54 y1c2e wa46 h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">Rimanenz<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> f<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>or<span class=\"_ _1\"></span>de<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb89 y1c2e wa11 h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">34.1<span class=\"_ _3\"></span>16<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb8a y1c2e wa13 h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">57<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb8b y1c2e wa47 h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _1\"></span>0<span class=\"_ _1\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb8c y1c2e wa14 h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">2.32<span class=\"_ _3\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb8d y1c2e wa1e h374\"><div class=\"t m10 x17f h15e y1c1a ff3 fs82 fc1 sc0 ls0 ws0\">38.62<span class=\"_ _3\"></span>0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c x1a9 y16d8 wa48 h3dc\"><div class=\"t m10 x17f h15f y1c2f ff2 fs82 fc1 sc0 ls0 ws0\">E.<span class=\"_ _4a1\"> </span></div><div class=\"t m10 xb4e h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">Valutazione al <span class=\"_ _3\"></span>costo<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xb8e y16d8 wa49 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">22<span class=\"_ _3\"></span>.295<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb8f y16d8 wa27 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">36<span class=\"_ _1\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb90 y16d8 wa4a h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">1.12<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb91 y16d8 wa24 h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">1.18<span class=\"_ _3\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb92 y16d8 wa4b h374\"><div class=\"t m10 x17f h15f y1c14 ff2 fs82 fc1 sc0 ls0 ws0\">24.9<span class=\"_ _1\"></span>67<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h15d ff5 fs30 fc1 sc0 ls0 ws0 gs9e5\">Tassi uti<span class=\"_ _1\"></span>lizzati<span class=\"_ _1\"></span> nell'a<span class=\"_ _1\"></span>ttualizzaz<span class=\"_ _1\"></span>ion<span class=\"_ _1\"></span>e degli inc<span class=\"_ _3\"></span>assi e paga<span class=\"_ _3\"></span>menti dov<span class=\"_ _3\"></span>uti pe<span class=\"_ _0\"></span>r <span class=\"_ _1\"></span>il le<span class=\"_ _1\"></span>asing<span class=\"_ _3\"></span> </div><div class=\"gs9e6\"><table class=\"s wa66 h3de\" id=\"_b4c18a21-221e-4cca-b162-68e28abcb6fb\"><tr><td class=\"t m3d x2ed h160 y1c47 ff3 fs83 fc1 sc0 ls0 ws0\">Tassi<span class=\"_ _4a1\"> </span></td><td class=\"t m3d xbcb h160 y1c48 ff3 fs83 fc1 sc0 ls0 ws0\">Crediti fi<span class=\"_ _1\"></span>nan<span class=\"_ _3\"></span>zia<span class=\"_ _1\"></span>iri per<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>tra<span class=\"_ _3\"></span>tt<span class=\"_ _0\"></span>i </td><td class=\"t m3d x8f5 h160 y1c47 ff3 fs83 fc1 sc0 ls0 ws0\">Totale <span class=\"_ _1\"></span>Crediti<span class=\"_ _4a1\"> </span></td></tr><tr><td></td><td class=\"t m3d xbcb h160 y1c49 ff3 fs83 fc1 sc0 ls0 ws0\">di s<span class=\"_ _1\"></span>ubleasing <span class=\"_ _3\"></span>immob<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>liar<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></td><td></td></tr><tr><td class=\"t m3d xbcc h160 y1c4a ff3 fs83 fc1 sc0 ls0 ws0\">1,<span class=\"_ _1\"></span>32<span class=\"_ _3\"></span>5%<span class=\"_ _4a1\"> </span></td><td class=\"c n xbcd y1c4b wa67 h33a\"><div class=\"t m3d x17f h160 y1b0d ff3 fs83 fc1 sc0 ls0 ws0\">5<span class=\"_ _3\"></span>07<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbce y1c4b wa68 h33a\"><div class=\"t m3d x17f h160 y1b0d ff3 fs83 fc1 sc0 ls0 ws0\">5<span class=\"_ _1\"></span>07<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xb54 y1c4c wa69 h33a\"><div class=\"t m3d x17f h160 y1b0d ff3 fs83 fc1 sc0 ls0 ws0\">4,<span class=\"_ _1\"></span>05<span class=\"_ _3\"></span>7%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbcf y1c4c wa6a h33a\"><div class=\"t m3d x17f h160 y1b0d ff3 fs83 fc1 sc0 ls0 ws0\">51<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbd0 y1c4c wa6b h33a\"><div class=\"t m3d x17f h160 y1b0d ff3 fs83 fc1 sc0 ls0 ws0\">51<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 wa6c h33a\"><div class=\"t m3d x17f h160 y1b0d ff3 fs83 fc1 sc0 ls0 ws0\">Totale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbd1 y16d8 wa67 h33a\"><div class=\"t m3d x17f h160 y1b0d ff3 fs83 fc1 sc0 ls0 ws0\">5<span class=\"_ _3\"></span>58<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbd2 y16d8 wa6d h33a\"><div class=\"t m3d x17f h160 y1b0d ff3 fs83 fc1 sc0 ls0 ws0\">5<span class=\"_ _1\"></span>58<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"gs9e7\"><table class=\"s wa4c h3dd\" id=\"_040bc236-35f9-434d-acf2-044fd4a18592\"><tr><td class=\"t m2 x2ed h161 y1c30 ff3 fs84 fc1 sc0 ls0 ws0\">Tassi<span class=\"_ _4a1\"> </span></td><td class=\"t m2 xb93 h161 y1c31 ff3 fs84 fc1 sc0 ls0 ws0\">D<span class=\"_ _1\"></span>ebiti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span> leasing<span class=\"_ _1\"></span> </td><td class=\"t m2 xb94 h161 y1c31 ff3 fs84 fc1 sc0 ls0 ws0\">Debiti p<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>r <span class=\"_ _3\"></span>le<span class=\"_ _0\"></span>asing<span class=\"_ _1\"></span> su </td><td class=\"t m2 xb95 h161 y1c31 ff3 fs84 fc1 sc0 ls0 ws0\">D<span class=\"_ _1\"></span>ebiti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span> leasing<span class=\"_ _1\"></span> </td><td class=\"t m2 xb96 h161 y1c31 ff3 fs84 fc1 sc0 ls0 ws0\">D<span class=\"_ _1\"></span>ebiti<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span> leasing<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>u </td><td class=\"t m2 x3bb h161 y1c30 ff3 fs84 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _1\"></span>le<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Debi<span class=\"_ _0\"></span>ti<span class=\"_ _4a1\"> </span></td></tr><tr><td></td><td class=\"t m2 xb93 h161 y1c32 ff3 fs84 fc1 sc0 ls0 ws0\">su <span class=\"_ _3\"></span>fabb<span class=\"_ _1\"></span>ricati<span class=\"_ _4a1\"> </span></td><td class=\"t m2 xb94 h161 y1c32 ff3 fs84 fc1 sc0 ls0 ws0\">impian<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>i elettronici </td><td class=\"t m2 xb95 h161 y1c32 ff3 fs84 fc1 sc0 ls0 ws0\">su <span class=\"_ _3\"></span>mobili<span class=\"_ _4a1\"> </span></td><td class=\"t m2 xb96 h161 y1c32 ff3 fs84 fc1 sc0 ls0 ws0\">altr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>be<span class=\"_ _0\"></span>ni <span class=\"_ _1\"></span>-<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>ut<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></td><td></td></tr><tr><td class=\"c n x849 y1c33 wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">1,<span class=\"_ _1\"></span>325<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb97 y1c33 wa4e h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">1.179<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb98 y1c33 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb99 y1c33 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9a y1c33 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9b y1c33 wa50 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">1<span class=\"_ _1\"></span>.17<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c34 wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">1,<span class=\"_ _1\"></span>504<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9c y1c34 wa51 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9d y1c34 wa52 h344\"><div class=\"t m2 x17f h161 y1949 ff2a fs84 fc1 sc0 ls0 ws18\">(<span class=\"ff2 ws0\">0<span class=\"ff2a\">)<span class=\"_ _4a1\"> </span></span></span></div></td><td class=\"c n xb9e y1c34 wa51 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9f y1c34 wa53 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba0 y1c34 wa54 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>0)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c35 wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">1,<span class=\"_ _1\"></span>540<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba1 y1c35 wa55 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">1<span class=\"_ _1\"></span>15<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba2 y1c35 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba3 y1c35 wa51 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba4 y1c35 wa53 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba5 y1c35 wa56 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">115<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c36 wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">1,<span class=\"_ _1\"></span>544<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9c y1c36 wa51 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba6 y1c36 wa53 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba7 y1c36 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba8 y1c36 wa57 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba9 y1c36 wa58 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c37 wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">1,<span class=\"_ _1\"></span>587<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9c y1c37 wa51 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba6 y1c37 wa53 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba7 y1c37 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba8 y1c37 wa57 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba9 y1c37 wa58 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c38 wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">1,<span class=\"_ _1\"></span>709<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9c y1c38 wa51 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba6 y1c38 wa53 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba7 y1c38 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba8 y1c38 wa57 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba9 y1c38 wa58 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c39 wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">1,<span class=\"_ _1\"></span>711<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9c y1c39 wa51 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba6 y1c39 wa53 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba7 y1c39 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbaa y1c39 wa59 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">11<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbab y1c39 wa59 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">11<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c3a wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">2,<span class=\"_ _1\"></span>020<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbac y1c3a wa59 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">51<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbad y1c3a wa5a h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">115<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbae y1c3a wa51 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbaf y1c3a wa5a h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">129<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbb0 y1c3a wa56 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">294<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c3b wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">4,<span class=\"_ _1\"></span>057<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbb1 y1c3b wa5b h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">10<span class=\"_ _1\"></span>.02<span class=\"_ _1\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbb2 y1c3b wa5c h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">6<span class=\"_ _1\"></span>92<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb99 y1c3b wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbb3 y1c3b wa5a h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">395<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbb4 y1c3b wa5d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">11.<span class=\"_ _3\"></span>112<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c3c wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">4,<span class=\"_ _1\"></span>820<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9c y1c3c wa51 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba6 y1c3c wa53 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba7 y1c3c wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbb5 y1c3c wa5a h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">101<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbb6 y1c3c wa5e h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">10<span class=\"_ _3\"></span>1<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y16cc wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">4,<span class=\"_ _1\"></span>060<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb97 y16cc wa4e h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">6.497<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbb7 y16cc wa5a h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">245<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbb8 y16cc wa5f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">288<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbb9 y16cc wa5a h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">160<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbba y16cc wa60 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">7.18<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c3d wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">1,<span class=\"_ _1\"></span>770<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb97 y1c3d wa4e h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">1.489<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb98 y1c3d wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb99 y1c3d wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9a y1c3d wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9b y1c3d wa50 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">1<span class=\"_ _1\"></span>.48<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c3e wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">4,<span class=\"_ _1\"></span>120<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9c y1c3e wa51 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbbb y1c3e wa5a h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">145<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbbc y1c3e wa51 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbbd y1c3e wa55 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">29<span class=\"_ _1\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbbe y1c3e wa5a h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">440<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c3f wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">0,<span class=\"_ _1\"></span>090<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9c y1c3f wa51 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba6 y1c3f wa53 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba7 y1c3f wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbaa y1c3f wa59 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">23<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbab y1c3f wa59 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c40 wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">0,<span class=\"_ _1\"></span>140<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9c y1c40 wa51 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba6 y1c40 wa53 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba7 y1c40 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbaa y1c40 wa59 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">45<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbab y1c40 wa59 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">45<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c41 wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">1,<span class=\"_ _1\"></span>161<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9c y1c41 wa51 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba6 y1c41 wa53 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbbf y1c41 wa61 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">73<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbc0 y1c41 wa59 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">37<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbc1 y1c41 wa5e h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">11<span class=\"_ _3\"></span>0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c42 wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">0,<span class=\"_ _1\"></span>820<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9c y1c42 wa51 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba6 y1c42 wa53 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba7 y1c42 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba8 y1c42 wa57 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba9 y1c42 wa58 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c43 wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">0,<span class=\"_ _1\"></span>975<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9c y1c43 wa51 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba6 y1c43 wa53 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba7 y1c43 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba8 y1c43 wa57 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xba9 y1c43 wa58 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c44 wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">2,<span class=\"_ _1\"></span>061<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbac y1c44 wa59 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">99<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbc2 y1c44 wa53 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbc3 y1c44 wa51 h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbc4 y1c44 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbc5 y1c44 wa59 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">99<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c45 wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">2,<span class=\"_ _1\"></span>138<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb97 y1c45 wa4e h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">2.187<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb98 y1c45 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb99 y1c45 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9a y1c45 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9b y1c45 wa50 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">2<span class=\"_ _1\"></span>.18<span class=\"_ _3\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1c46 wa4d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">1,<span class=\"_ _1\"></span>542<span class=\"_ _3\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb97 y1c46 wa4e h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">1.680<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb98 y1c46 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb99 y1c46 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9a y1c46 wa4f h344\"><div class=\"t m2 x17f h161 y1949 ff2 fs84 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xb9b y1c46 wa50 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">1<span class=\"_ _1\"></span>.68<span class=\"_ _3\"></span>0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 wa62 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _1\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbc6 y16d8 wa63 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">23<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>21<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbc7 y16d8 wa64 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _3\"></span>97<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbc8 y16d8 wa65 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">36<span class=\"_ _3\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbc9 y16d8 wa60 h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">1.<span class=\"_ _3\"></span>212<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbca y16d8 wa5d h344\"><div class=\"t m2 x17f h161 y1949 ff3 fs84 fc1 sc0 ls0 ws0\">26.0<span class=\"_ _3\"></span>90<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h18 ff5 fs7 fc1 sc0 ls0 ws0 gs9e9\">Profilo di scade<span class=\"_ _1\"></span>nza delle a<span class=\"_ _1\"></span>ttivi<span class=\"_ _1\"></span>t\u00e0 e pas<span class=\"_ _1\"></span>sivit\u00e0<span class=\"_ _1\"></span> finanziarie va<span class=\"_ _1\"></span>lutate al cos<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>ammortizzato e<span class=\"_ _1\"></span> conness<span class=\"_ _1\"></span>e all'acqu<span class=\"_ _1\"></span>isto di diritt<span class=\"_ _3\"></span>i </div><div class=\"t m1 h18 ff5 fs7 fc1 sc0 ls0 ws0 gs9ea\">d'uso tramit<span class=\"_ _3\"></span>e contratti<span class=\"_ _1\"></span> di leas<span class=\"_ _1\"></span>ing </div><div class=\"gs9eb\"><table class=\"s wa6e h3df\" id=\"_c3c549dc-0202-47b2-896b-8de156cdc83d\"><tr><td class=\"t m3e x2ed h163 y1c4d ff3 fs85 fc1 sc0 ls0 ws0\">Attivit\u00e0/Passivit\u00e0 <span class=\"_ _0\"></span>finanzi<span class=\"_ _0\"></span>arie<span class=\"_ _0\"></span> valu<span class=\"_ _0\"></span>tate a<span class=\"_ _0\"></span>l </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m3e x2ed h163 y1c4e ff3 fs85 fc1 sc0 ls0 ws0\">c<span class=\"_ _1\"></span>osto a<span class=\"_ _0\"></span>mmortizzato<span class=\"_ _4a1\"> </span></td><td class=\"c n xbd3 y1c4f wa6f h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">Infer<span class=\"_ _0\"></span>iore <span class=\"_ _0\"></span>a 6 mesi</div></td><td class=\"c n xbd4 y1c4f wa70 h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">Inferio<span class=\"_ _0\"></span>ri <span class=\"_ _0\"></span>a 1 a<span class=\"_ _0\"></span>nno<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbd5 y1c4f wa71 h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">Tra <span class=\"_ _0\"></span>1 e 3 <span class=\"_ _0\"></span>anni</div></td><td class=\"c n xbd6 y1c4f wa72 h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">Tr<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span>3 e 5 <span class=\"_ _0\"></span>anni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbd7 y1c4f wa73 h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">Oltre <span class=\"_ _0\"></span>i 5 a<span class=\"_ _0\"></span>nni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xbd8 y1c4f wa74 h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">Total<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m3e x2ed h163 y1c50 ff3 fs85 fc1 sc0 ls0 ws0\">Attivit\u00e0<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m3e x2ed h164 y1c51 ff5 fs85 fc1 sc0 ls0 ws0\">Crediti finan<span class=\"_ _0\"></span>z<span class=\"_ _1\"></span>iairi per contrat<span class=\"_ _3\"></span>ti <span class=\"_ _0\"></span>di subl<span class=\"_ _0\"></span>easi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m3e x2ed h164 y1c52 ff5 fs85 fc1 sc0 ls0 ws0\">immobi<span class=\"_ _0\"></span>liar<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></td><td class=\"c n xbd9 y1c53 wa75 h3e0\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">109<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbda y1c53 wa76 h3e0\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">110<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbdb y1c53 wa75 h3e0\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">341<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbdc y1c53 wa77 h3e0\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n xbdd y1c53 wa75 h3e0\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">700<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xbde y1c54 wa78 h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">Totale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbdf y1c54 wa75 h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">109<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbe0 y1c54 wa75 h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">110<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbe1 y1c54 wa75 h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">341<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbe2 y1c54 wa77 h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbe3 y1c54 wa79 h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xbe4 y1c54 wa7a h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">700<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m3e x2ed h163 y1c55 ff3 fs85 fc1 sc0 ls0 ws0\">Passivit\u00e0<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1c56 wa7b h3e0\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">Debi<span class=\"_ _0\"></span>ti p<span class=\"_ _1\"></span>er leasing su fab<span class=\"_ _0\"></span>bric<span class=\"_ _1\"></span>ati<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbe5 y1c56 wa7c h3e0\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>1.807)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbe6 y1c56 wa7d h3e0\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>360)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbe7 y1c56 wa7c h3e0\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>8.962)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbe8 y1c56 wa7e h3e0\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(10.191<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xbe9 y1c56 wa77 h3e0\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbea y1c56 wa7f h3e0\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(23.321)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1c57 wa80 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">Debi<span class=\"_ _0\"></span>ti p<span class=\"_ _1\"></span>er leasing su m<span class=\"_ _0\"></span>obili <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> arredi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbeb y1c57 wa81 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(158)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbec y1c57 wa82 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>161)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbed y1c57 wa83 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(43)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbee y1c57 wa77 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbef y1c57 wa84 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xbf0 y1c57 wa81 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(361)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1c58 wa85 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">Debi<span class=\"_ _0\"></span>ti p<span class=\"_ _1\"></span>er leasing su i<span class=\"_ _0\"></span>mp<span class=\"_ _1\"></span>ianti <span class=\"_ _0\"></span>elettr<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>ici<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbf1 y1c58 wa81 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(164)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbf2 y1c58 wa86 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(168<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbf3 y1c58 wa87 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(584)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbf4 y1c58 wa86 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>281)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbf5 y1c58 wa84 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xbf6 y1c58 wa88 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>.197)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1c59 wa89 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">Debi<span class=\"_ _0\"></span>ti p<span class=\"_ _1\"></span>er leasing su a<span class=\"_ _0\"></span>ltr<span class=\"_ _1\"></span>i ben<span class=\"_ _0\"></span>i - au<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbf7 y1c59 wa86 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(28<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbf8 y1c59 wa86 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>276)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbf9 y1c59 wa8a h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>623)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbfa y1c59 wa8b h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(27)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbfb y1c59 wa8c h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xbfc y1c59 wa88 h35d\"><div class=\"t m3e x17f h164 y1b11 ff5 fs85 fc1 sc0 ls0 ws0\">(1.<span class=\"_ _0\"></span>212)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xbde y16d8 wa78 h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">Totale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbfd y16d8 wa8d h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>415)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbfe y16d8 wa8e h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">(2.964)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xbff y16d8 wa8f h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">(10.212)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xc00 y16d8 wa90 h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>0.<span class=\"_ _3\"></span>49<span class=\"_ _0\"></span>8)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xc01 y16d8 wa77 h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xc02 y16d8 wa91 h374\"><div class=\"t m3e x17f h163 y1acb ff3 fs85 fc1 sc0 ls0 ws0\">(26.090)</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-509": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 4 \u2013 Attivit\u00e0 finanziarie val<span class=\"_ _0\"></span>ut<span class=\"_ _3\"></span>ate <span class=\"_ _0\"></span>al co<span class=\"_ _1\"></span>sto am<span class=\"_ _1\"></span>mortizz<span class=\"_ _0\"></span>ato<span class=\"_ _1\"></span> \u2013 Voce 40 4.1 Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al cos<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o ammortizza<span class=\"_ _3\"></span>to: composizione merceolo<span class=\"_ _1\"></span>gica <table class=\"s w380 h376\" id=\"_d5361f16-26e9-4a9e-b9a5-5936273f5037\"><tr><td></td><td></td><td class=\"c n x465 y185f w381 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">Totale 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x491 y185f w382 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>ota<span class=\"_ _1\"></span>le 31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2023<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m1d x492 h93 y1860 ff3 fs31 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore<span class=\"_ _0\"></span> d<span class=\"_ _3\"></span>i bilan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></td><td></td><td></td><td class=\"c x493 y1861 w2b h76\"><div class=\"t m1d x3b h93 y61d ff3 fs31 fc1 sc0 ls0 ws0\">Fai<span class=\"_ _1\"></span>r Valu<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"t m1d x3bb h93 y1860 ff3 fs31 fc1 sc0 ls0 ws0\">Valo<span class=\"_ _1\"></span>re di bil<span class=\"_ _3\"></span>ancio<span class=\"_ _4a1\"> </span></td><td></td><td></td><td class=\"c x494 y1861 w2b h76\"><div class=\"t m1d x3b h93 y61d ff3 fs31 fc1 sc0 ls0 ws0\">Fai<span class=\"_ _1\"></span>r Valu<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m1d x3b6 h94 y1862 ff2 fs31 fc1 sc0 ls0 ws0\">Primo <span class=\"_ _1\"></span>e </td><td class=\"t m1d x3b8 h94 y1863 ff2 fs31 fc1 sc0 ls0 ws0\">di<span class=\"_ _1\"></span> cui: impaire<span class=\"_ _3\"></span>d </td><td></td><td></td><td></td><td></td><td class=\"t m1d x495 h94 y1862 ff2 fs31 fc1 sc0 ls0 ws0\">Primo <span class=\"_ _1\"></span>e </td><td class=\"t m1d x336 h94 y1863 ff2 fs31 fc1 sc0 ls0 ws0\">di<span class=\"_ _1\"></span> cui: impaire<span class=\"_ _3\"></span>d </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1d x2ed h93 y1864 ff3 fs31 fc1 sc0 ls0 ws0\">Dett<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>glio<span class=\"_ _1\"></span>/Valo<span class=\"_ _3\"></span>ri<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x3b6 h94 y1865 ff2 fs31 fc1 sc0 ls0 ws0\">secondo<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>ta<span class=\"_ _1\"></span>dio<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x496 h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">Terzo stad<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x497 h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">acq<span class=\"_ _1\"></span>uisite<span class=\"_ _1\"></span> o </td><td class=\"c n x498 y1867 w383 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x499 y1867 w384 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x49a y1867 w384 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L3</div></td><td class=\"t m1d x495 h94 y1865 ff2 fs31 fc1 sc0 ls0 ws0\">secondo<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>ta<span class=\"_ _1\"></span>dio<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x49b h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">Terzo stad<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m1d x49c h94 y1864 ff2 fs31 fc1 sc0 ls0 ws0\">acq<span class=\"_ _1\"></span>uisite<span class=\"_ _1\"></span> o </td><td class=\"c n x49d y1867 w383 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x49e y1867 w385 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L<span class=\"_ _1\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x49f y1867 w385 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">L<span class=\"_ _1\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1868 w386 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Credit<span class=\"_ _1\"></span>i per servi<span class=\"_ _3\"></span>zio <span class=\"_ _0\"></span>di g<span class=\"_ _3\"></span>estioni di patr<span class=\"_ _1\"></span>imoni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a0 y1868 w387 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>32<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>17<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a1 y1868 w388 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>69<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1d x4a2 h94 y1869 ff2 fs31 fc1 sc0 ls0 ws0\">orig<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _1\"></span>te<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n x4a3 y1868 w389 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>0.<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>27<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a4 y1868 w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">5.115<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a5 y1868 w38b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">132<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>17<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a6 y1868 w38c h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4.0<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1d x4a7 h94 y1869 ff2 fs31 fc1 sc0 ls0 ws0\">origi<span class=\"_ _1\"></span>nate<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n x4a8 y1868 w38d h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>29.894<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4a9 y1868 w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6.398<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y186a w38e h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> gestion<span class=\"_ _1\"></span>e di OICR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4aa y186a w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>01.894<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ab y186a w390 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.369<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4ac y186a w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>0.148<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ad y186a w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">5.115<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ae y186a w391 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>1.919<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4af y186a w392 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4.<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4b0 y186a w393 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">89.596<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4b1 y186a w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6.398<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y186b w394 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> gestion<span class=\"_ _1\"></span>e indi<span class=\"_ _1\"></span>viduale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4b2 y186b w395 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">22<span class=\"_ _0\"></span>.998<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b3 y186b w393 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">22.998<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4b4 y186b w391 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>1.294<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b5 y186b w396 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">11.294<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y186c w397 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> gestion<span class=\"_ _1\"></span>e di fondi pen<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4b6 y186c w398 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">7.281<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b7 y186c w38a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">7.281<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4b8 y186c w391 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>9.004<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4b9 y186c w396 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">29.004<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y186d w399 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Credit<span class=\"_ _1\"></span>i per al<span class=\"_ _1\"></span>tri servizi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ba y186d w398 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1.147<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4bb y186d w39a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bc y186d w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>55<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bd y186d w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>36<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4be y186d w39c h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">138<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bf y186d w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>98<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y186e w39d h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> consulenze<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c0 y186e w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">49<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c1 y186e w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4c2 y186e w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>38<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c3 y186e w39c h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">138<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m1d x2ed h94 y186f ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> funzioni azie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>da<span class=\"_ _1\"></span>li in outsour<span class=\"_ _1\"></span>cing<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1870 w39e h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> altr<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c4 y1870 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">655<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x4c5 y1870 w3a0 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">655<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4bd y1870 w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>98<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x4c6 y1870 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">698<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1871 w3a1 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Altri cre<span class=\"_ _1\"></span>dit<span class=\"_ _1\"></span>i:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c7 y1871 w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>23.171<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c8 y1871 w3a2 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">12<span class=\"_ _0\"></span>3.<span class=\"_ _1\"></span>1<span class=\"_ _0\"></span>71<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4c9 y1871 w3a3 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">291.010<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4ca y1871 w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">291.<span class=\"_ _0\"></span>010<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m1d x2ed h94 y1872 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> pronti con<span class=\"_ _1\"></span>tro t<span class=\"_ _1\"></span>ermine<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1873 w3a4 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> deposit<span class=\"_ _1\"></span>i a scadenza <span class=\"_ _1\"></span>e cont<span class=\"_ _1\"></span>i corre<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4cb y1873 w38f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">122<span class=\"_ _0\"></span>.613<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4cc y1873 w389 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">12<span class=\"_ _0\"></span>2.<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>13<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4cd y1873 w3a5 h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">290.310<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4ce y1873 w38d h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">290.<span class=\"_ _0\"></span>310<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1874 w39e h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> altr<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4c4 y1874 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">558<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4cf y1874 w39a h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>58<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4d0 y1874 w39b h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>00<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4d1 y1874 w39f h364\"><div class=\"t m1d x17f h94 y1866 ff2 fs31 fc1 sc0 ls0 ws0\">700<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m1d x2ed h94 y1875 ff2 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Tit<span class=\"_ _1\"></span>oli di debito<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w3a6 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">Totale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d2 y16d8 w3a7 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>56.<span class=\"_ _0\"></span>491<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d3 y16d8 w3a8 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.369<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4d4 y16d8 w3a9 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">25<span class=\"_ _0\"></span>4.090<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d5 y16d8 w3aa h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>.77<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d6 y16d8 w3a9 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">42<span class=\"_ _0\"></span>4.063<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d7 y16d8 w3aa h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4d8 y16d8 w3a7 h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>21.04<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4d9 y16d8 w3ab h364\"><div class=\"t m1d x17f h93 y185e ff3 fs31 fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>096<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella <span class=\"_ _f\"></span>tabel<span class=\"_ _3\"></span>la <span class=\"_ _f\"> </span>sopra <span class=\"_ _6\"></span>rappresentata <span class=\"_ _6\"></span>nella <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>oce <span class=\"_ _6\"></span>\u201c1. <span class=\"_ _6\"></span>Crediti <span class=\"_ _6\"></span>per <span class=\"_ _f\"> </span>se<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>vizio <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>di <span class=\"_ _6\"></span>patrimoni\u201d <span class=\"_ _6\"></span>sono classificati <span class=\"_ _d\"> </span>(i) <span class=\"_ _e\"> </span>i <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>rediti <span class=\"_ _d\"> </span>per <span class=\"_ _d\"> </span>le <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>ommiss<span class=\"_ _1\"></span>ioni <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>gestione <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>di <span class=\"_ _e\"> </span>performan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _d\"> </span>che <span class=\"_ _d\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>Gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o <span class=\"_ _e\"> </span>va<span class=\"_ _1\"></span>nta principalmente <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ei <span class=\"_ _0\"></span>confronti <span class=\"_ _0\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>fondi <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>esso <span class=\"_ _b\"></span>istituiti, <span class=\"_ _0\"></span>(ii)<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>crediti <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>le <span class=\"_ _0\"></span>commissioni <span class=\"_ _b\"></span>derivanti <span class=\"_ _b\"></span>dalle deleghe <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>gestio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>(<span class=\"_ _1\"></span>iii) <span class=\"_ _b\"></span>i <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>diti <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>le <span class=\"_ _0\"></span>commissio<span class=\"_ _1\"></span>ni <span class=\"_ _b\"></span>derivanti <span class=\"_ _0\"></span>dall<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>gestione <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>patrimo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>a favore di clie<span class=\"_ _1\"></span>ntela istituzionale, <span class=\"_ _1\"></span>retail, private e fon<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> pensi<span class=\"_ _1\"></span>one. La <span class=\"_ _f\"> </span>variazione <span class=\"_ _6\"></span>della <span class=\"_ _f\"> </span>voce, <span class=\"_ _f\"> </span>risp<span class=\"_ _1\"></span>etto <span class=\"_ _f\"> </span>all\u2019esercizi<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>precedente <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>incipalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _f\"> </span>attr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>buibi<span class=\"_ _1\"></span>le <span class=\"_ _f\"> </span>a <span class=\"_ _f\"></span>(i)<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>minori crediti <span class=\"_ _0\"></span>derivanti dalle <span class=\"_ _0\"></span>ritenute <span class=\"_ _0\"></span>fiscali <span class=\"_ _0\"></span>ed<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>imposte <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ostitutive calcolate <span class=\"_ _0\"></span>sui <span class=\"_ _0\"></span>prodotti <span class=\"_ _0\"></span>gestiti <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>quali le SGR <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>l Gruppo <span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>iscono quali <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>stitut<span class=\"_ _1\"></span>o di<span class=\"_ _0\"></span> imposta<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>per circ<span class=\"_ _0\"></span>a Euro 14,4 milioni al netto <span class=\"_ _0\"></span>di (ii) maggiori crediti <span class=\"_ _f\"> </span>riferiti <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>commissioni <span class=\"_ _6\"></span>corr<span class=\"_ _0\"></span>elate<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>prodotti <span class=\"_ _6\"></span>g<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>dal<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _f\"> </span>circa <span class=\"_ _f\"> </span>E<span class=\"_ _1\"></span>uro <span class=\"_ _f\"> </span>13,9 <span class=\"_ _6\"></span>mi<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>oni. <span class=\"_ _f\"> </span>Il contributo di Kair<span class=\"_ _1\"></span>os SGR alla sott<span class=\"_ _1\"></span>ovoce \u00e8 pari a circ<span class=\"_ _3\"></span>a E<span class=\"_ _0\"></span>uro 9,8 <span class=\"_ _1\"></span>milioni. I <span class=\"_ _b\"></span>cred<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i <span class=\"_ _5\"></span>correlati <span class=\"_ _b\"></span>alle <span class=\"_ _b\"></span>commissi<span class=\"_ _1\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>gestione <span class=\"_ _b\"></span>sopra <span class=\"_ _0\"></span>esposti <span class=\"_ _b\"></span>son<span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>in<span class=\"_ _1\"></span>cassati <span class=\"_ _b\"></span>prevalentemente <span class=\"_ _b\"></span>entro <span class=\"_ _5\"></span>il mese successivo alla <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> di riferimento.<span class=\"_ _1\"></span> Nella  v<span class=\"_ _1\"></span>oc<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>\"2.  Cre<span class=\"_ _1\"></span>diti  per  a<span class=\"_ _1\"></span>ltri  se<span class=\"_ _1\"></span>rvizi\"  so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>rappresentati  pri<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cipa<span class=\"_ _1\"></span>lmente  i <span class=\"_ _f\"> </span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iti <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti  dalle attivit\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span><span class=\"ff5\">\u201c<span class=\"_ _0\"></span>order<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>routing\u201d<span class=\"_ _3\"></span><span class=\"ff2\"> <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span><span class=\"ff5\">\u201csecuritie<span class=\"_ _1\"></span>s <span class=\"_ _b\"></span>lending\u201d<span class=\"ff2\"> <span class=\"_ _0\"></span>effettuate <span class=\"_ _0\"></span>dall<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>controllata <span class=\"_ _0\"></span>Anima <span class=\"_ _b\"></span>Alternati<span class=\"_ _1\"></span>ve <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>circa </span></span></span></span>Euro <span class=\"_ _0\"></span>0,7 <span class=\"_ _0\"></span>milio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>e dall\u2019attivit\u00e0 d<span class=\"_ _0\"></span>i \u201c<span class=\"_ _0\"></span>Ad<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ory\u201d <span class=\"_ _0\"></span>effettua<span class=\"_ _1\"></span>ta d<span class=\"_ _0\"></span>alla co<span class=\"_ _0\"></span>ntrollata Anima <span class=\"_ _0\"></span>SGR per <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro 0<span class=\"_ _0\"></span>,2 milioni e dalla c<span class=\"_ _1\"></span>ontrollata Kairos SGR per <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1\"></span>Euro 0,2 mili<span class=\"_ _1\"></span>oni.<span class=\"fs30\"> </span>Nella v<span class=\"_ _1\"></span>oce \u201c3.<span class=\"_ _1\"></span> Altri <span class=\"_ _3\"></span>crediti\u201d so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>cl<span class=\"_ _0\"></span>ass<span class=\"_ _3\"></span>ific<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>(i) <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>sottovoce \u201c3<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>depositi <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>scade<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>e conti <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>orre<span class=\"_ _1\"></span>nti\u201d i <span class=\"_ _0\"></span><span class=\"ff5\">time deposit</span> <span class=\"_ _0\"></span>aperti con <span class=\"_ _0\"></span>pr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mari istituti d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>credit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>er <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>imp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a circa Euro <span class=\"_ _0\"></span>122,6 milioni (circa Euro 290,3 <span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>lio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>nel pre<span class=\"_ _1\"></span>cedente <span class=\"_ _1\"></span>esercizio) <span class=\"_ _1\"></span>e (ii) ne<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>sottovoce \u201c3.3 <span class=\"_ _1\"></span>altri\u201d i <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>diti finanz<span class=\"_ _1\"></span>iari iscritti <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> relazione <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>contratti <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>sublocazione d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _0\"></span>costituite <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>diritti <span class=\"_ _0\"></span>d\u2019uso <span class=\"_ _0\"></span>acquisiti <span class=\"_ _0\"></span>tramite contratti <span class=\"_ _0\"></span>di loc<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _6\"></span>rientranti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>campo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>ap<span class=\"_ _1\"></span>plicazione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _f\"></span>pri<span class=\"_ _1\"></span>ncipio <span class=\"_ _6\"></span>contabile<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>IFRS <span class=\"_ _6\"></span>16, <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>0,6 <span class=\"_ _6\"></span>milioni (Euro 0,7 milioni al <span class=\"_ _1\"></span>31 dicembre 2023).<span class=\"_ _1\"></span><span class=\"fs30\"> </span>4.2 Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al cos<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o ammortizza<span class=\"_ _3\"></span>to: composizione per debi<span class=\"_ _1\"></span>tori/emittenti<span class=\"_ _3\"></span> <table class=\"s w35b h373\" id=\"_51c2d0f6-5676-4e61-9b72-f250af532434\"><tr><td></td><td></td><td></td><td class=\"c n x465 y182e w35c h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Ban<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x466 y182e w35d h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Societ<span class=\"_ _0\"></span>\u00e0<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>fin<span class=\"_ _3\"></span>anz<span class=\"_ _1\"></span>iar<span class=\"_ _1\"></span>ie<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x467 y182e w35e h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Cli<span class=\"_ _1\"></span>entela<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y182f w35f h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">Co<span class=\"_ _3\"></span>mposizio<span class=\"_ _3\"></span>ne/Contro<span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rt<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x468 y182f w360 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">di <span class=\"_ _1\"></span>cui: del<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>rupp<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x469 y182f w361 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">di<span class=\"_ _1\"></span> c<span class=\"_ _0\"></span>ui<span class=\"_ _3\"></span>: del Gru<span class=\"_ _3\"></span>ppo<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x46a y182f w362 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">di c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i: <span class=\"_ _1\"></span>del G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>up<span class=\"_ _3\"></span>po<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c x1a9 y1831 w363 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x46b h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">Credi<span class=\"_ _1\"></span>ti per servi<span class=\"_ _3\"></span>zi di gestio<span class=\"_ _1\"></span>ne di pat<span class=\"_ _3\"></span>rimoni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x46c y1831 w364 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">4<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>0</div></td><td class=\"t m1e x46d h95 y1832 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x46e y1831 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">24.8<span class=\"_ _0\"></span>30</div></td><td class=\"t m1e x46f h95 y1833 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x470 y1831 w366 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">11<span class=\"_ _0\"></span>0.312</div></td><td class=\"t m1e x471 h95 y1834 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td></tr><tr><td class=\"c n x1a9 y1835 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1835 w368 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">gestio<span class=\"_ _3\"></span>ne di OICR</div></td><td></td><td class=\"t m1e x46d h95 y1836 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x473 y1835 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">24.8<span class=\"_ _0\"></span>30</div></td><td class=\"t m1e x46f h95 y1837 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x474 y1835 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">80.43<span class=\"_ _0\"></span>3</div></td><td class=\"t m1e x471 h95 y1838 ff3 fs32 fc1 sc0 ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td></tr><tr><td class=\"c n x1a9 y1839 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1839 w369 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">gestio<span class=\"_ _3\"></span>ne individu<span class=\"_ _3\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x475 y1839 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">400</div></td><td class=\"t m1e x476 h95 y183a ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"wsa\"> </span></span>-</td><td></td><td class=\"t m1e x477 h95 y183b ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"wsa\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x478 y1839 w365 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">22.59<span class=\"_ _0\"></span>8</div></td><td class=\"t m1e x479 h95 y183c ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"wsa\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y183d w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y183d w36b h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">gestio<span class=\"_ _3\"></span>ne di fondi pension<span class=\"_ _1\"></span>e</div></td><td></td><td class=\"t m1e x476 h95 y183e ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws9\"> <span class=\"ws0\">-</span></span></span></td><td></td><td class=\"t m1e x477 h95 y183f ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws9\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td><td class=\"c n x47a y183d w36c h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">7.281</div></td><td class=\"t m1e x479 h95 y1840 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws9\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td></tr><tr><td class=\"c n x1a9 y1841 w36d h375\" colspan=\"2\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.<span class=\"_ _200\"> </span>Credi<span class=\"_ _1\"></span>ti per al<span class=\"_ _1\"></span>tri serviz<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x47b y1841 w36e h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1e x46d h95 y1842 ff3 fs32 fc1 sc0 ls5 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x47c y1841 w36f h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">492<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1e x46f h95 y1843 ff3 fs32 fc1 sc0 ls5 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x47d y1841 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">578<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1e x471 h95 y1844 ff3 fs32 fc1 sc0 ls5 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1845 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1845 w370 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">consule<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>z<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x47e y1845 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">492<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1846 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1846 w371 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">funzioni <span class=\"_ _1\"></span>aziend<span class=\"_ _1\"></span>ali in out<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ourcin<span class=\"_ _1\"></span>g<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1847 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1847 w372 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x47f y1847 w36e h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>7</div></td><td class=\"t m1e x476 h95 y1848 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws8\"> </span></span>-</td><td></td><td class=\"t m1e x477 h95 y1849 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws8\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x480 y1847 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">578</div></td><td class=\"t m1e x479 h95 y184a ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws8\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y184b w373 h375\" colspan=\"2\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.<span class=\"_ _200\"> </span>Altri cre<span class=\"_ _3\"></span>diti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x481 y184b w374 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">122<span class=\"_ _0\"></span>.61<span class=\"_ _0\"></span>3</div></td><td class=\"t m1e x46d h95 y184c ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td><td class=\"c n x482 y184b w375 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc3 sc0 ls0 ws0\">-</div></td><td class=\"t m1e x46f h95 y184d ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td><td class=\"c n x483 y184b w376 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">55<span class=\"_ _0\"></span>8</div></td><td class=\"t m1e x471 h95 y184e ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ls5 ws8\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></span></td></tr><tr><td class=\"c n x1a9 y184f w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y184f w377 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">pront<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>ontro t<span class=\"_ _1\"></span>erm<span class=\"_ _3\"></span>ine<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x484 y184f w375 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1850 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1850 w378 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">dep<span class=\"_ _1\"></span>ositi a scade<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _3\"></span>i correnti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x485 y1850 w374 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">122<span class=\"_ _0\"></span>.61<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1851 w367 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x472 y1851 w372 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c x487 y1852 w379 h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x486 h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x488 y1851 w375 h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c x489 y1853 w37a h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x486 h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x48a y1851 w36a h375\"><div class=\"t m1e x17f h96 y1830 ff2 fs32 fc1 sc0 ls0 ws0\">558<span class=\"_ _4a1\"> </span></div></td><td class=\"c x48b y1854 w37a h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div><div class=\"t m1e x486 h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1e x2ed h96 y1855 ff2 fs32 fc1 sc0 ls0 ws0\">4.<span class=\"_ _200\"> </span>Tito<span class=\"_ _1\"></span>li di debit<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1856 w37b h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">To<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>le<span class=\"_ _0\"></span> 31.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x48c y1856 w37c h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">123<span class=\"_ _0\"></span>.09<span class=\"_ _0\"></span>0</div></td><td class=\"t m1e x46d h95 y1857 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x48d y1856 w37d h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">25.<span class=\"_ _0\"></span>322</div></td><td class=\"t m1e x46f h95 y1858 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x48e y1856 w37e h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">111.448</div></td><td class=\"t m1e x471 h95 y1859 ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y185a w37b h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">To<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>le<span class=\"_ _0\"></span> 31.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x48c y185a w37c h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">290<span class=\"_ _0\"></span>.54<span class=\"_ _0\"></span>7</div></td><td class=\"t m1e x46d h95 y185b ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x48f y185a w37d h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">11.<span class=\"_ _0\"></span>094</div></td><td class=\"t m1e x46f h95 y185c ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td><td class=\"c n x490 y185a w37f h374\"><div class=\"t m1e x17f h95 y1725 ff3 fs32 fc1 sc0 ls0 ws0\">126.497</div></td><td class=\"t m1e x471 h95 y185d ff3 fs32 fc1 sc0 ls0 ws0\"> <span class=\"ws6\"> <span class=\"ws7\"> </span></span>-<span class=\"_ _4a1\"> </span></td></tr></table>S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 1<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0 <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0 1.1<span class=\"ff23\"> <span class=\"_ _8\"></span><span class=\"ff5\">\u201cCommis<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>oni attive e passive\u201d </span></span><table class=\"s w6bb h3af\" id=\"_08b9c203-b12b-486d-974f-5330ffca35f1\"><tr><td></td><td></td><td class=\"c n x7ba y1a36 w6bc h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x7bb y1a36 w6bd h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1a37 w6be h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">SERVIZ<span class=\"_ _3\"></span>I<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7bc y1a37 w6bf h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Comm. Attive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7bd y1a37 w6c0 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Comm. P<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>sive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7be y1a37 w6c1 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">C<span class=\"_ _3\"></span>omm.<span class=\"_ _0\"></span> Nette<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7bf y1a37 w6c2 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Comm.<span class=\"_ _0\"></span> Attive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c0 y1a37 w6c3 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Co<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>m. P<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>sive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c1 y1a37 w6c4 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">C<span class=\"_ _3\"></span>omm.<span class=\"_ _0\"></span> Nette<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hef y1a38 ff3 fs57 fc1 sc0 ls0 ws0\">A.<span class=\"_ _f\"> </span>G<span class=\"_ _3\"></span>ESTIONI DI PATRIMONI<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2ed hef y1a39 ff3 fs57 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> Gestioni<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>prie<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2ed hef y1a3a ff3 fs57 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 Fondi<span class=\"_ _3\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>muni<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a3c w6c5 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> gestione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c2 y1a3c w6c6 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">628<span class=\"_ _0\"></span>.087<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c3 y1a3c w6c7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(425<span class=\"_ _0\"></span>.400<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c4 y1a3c w6c8 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">202.<span class=\"_ _0\"></span>687<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c5 y1a3c w6c9 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>84<span class=\"_ _0\"></span>.523<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c6 y1a3c w6c7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(413<span class=\"_ _0\"></span>.343<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c7 y1a3c w6ca h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">171.18<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a3d w6cb h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> incen<span class=\"_ _1\"></span>tivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c8 y1a3d w6cc h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>09<span class=\"_ _0\"></span>.508<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c9 y1a3d w6cd h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(302<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ca y1a3d w6ce h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>9.206<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7cb y1a3d w6cf h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">33.67<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7cc y1a3d w6d0 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7cd y1a3d w6cf h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">33.67<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a3e w6d1 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>m.<span class=\"_ _1\"></span> di sott<span class=\"_ _1\"></span>oscriz./<span class=\"_ _3\"></span>rimborso<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ce y1a3e w6d2 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>1.47<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7cf y1a3e w6d3 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(80.55<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d0 y1a3e w6d4 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">927<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d1 y1a3e w6d5 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">62<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>80<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d2 y1a3e w6d6 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(61<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>78<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d3 y1a3e w6d7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">1.01<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hf0 y1a3f ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>w<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ch<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a40 w6d8 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Al<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> com<span class=\"_ _3\"></span>miss<span class=\"_ _0\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d4 y1a40 w6c6 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">302<span class=\"_ _0\"></span>.197<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d5 y1a40 w6c7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(230<span class=\"_ _0\"></span>.526<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d6 y1a40 w6d9 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">71.671<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d7 y1a40 w6ca h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">178<span class=\"_ _0\"></span>.212<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d8 y1a40 w6c7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(134<span class=\"_ _0\"></span>.347<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d9 y1a40 w6d9 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">43.865<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a41 w6da h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Totale commissio<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>a fond<span class=\"_ _3\"></span>i comuni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7da y1a41 w6db h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>.26<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7db y1a41 w6dc h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">(736<span class=\"_ _0\"></span>.77<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7dc y1a41 w6dd h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>84.4<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7dd y1a41 w6de h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">859.<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7de y1a41 w6df h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>09<span class=\"_ _0\"></span>.48<span class=\"_ _0\"></span>5)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7df y1a41 w6de h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">249<span class=\"_ _0\"></span>.73<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hef y1a42 ff3 fs57 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 Gestioni<span class=\"_ _3\"></span> indi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>idu<span class=\"_ _3\"></span>ali<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a43 w6c5 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> gestione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e0 y1a43 w6e0 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">45<span class=\"_ _0\"></span>.642<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e1 y1a43 w6e1 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(6.03<span class=\"_ _0\"></span>5)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e2 y1a43 w6e0 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>9.607<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e3 y1a43 w6e0 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">41.83<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e4 y1a43 w6e2 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>.405<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e5 y1a43 w6e0 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">35.42<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a44 w6cb h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> incen<span class=\"_ _1\"></span>tivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e6 y1a44 w6d4 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">874<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7e7 y1a44 w6d4 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">874<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e8 y1a44 w6e3 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7e9 y1a44 w6e3 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a45 w6d1 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>m.<span class=\"_ _1\"></span> di sott<span class=\"_ _1\"></span>oscriz./<span class=\"_ _3\"></span>rimborso<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ea y1a45 w6e4 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">17<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7eb y1a45 w6e5 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a46 w6d8 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Al<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> com<span class=\"_ _3\"></span>miss<span class=\"_ _0\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ec y1a46 w6e4 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">35<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7ed y1a46 w6e6 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ee y1a46 w6e6 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7ef y1a46 w6e7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">36<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a47 w6e8 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Totale commissio<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>a gestion<span class=\"_ _3\"></span>i ind<span class=\"_ _3\"></span>ividua<span class=\"_ _1\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f0 y1a47 w6e9 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">46.<span class=\"_ _0\"></span>568<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f1 y1a47 w6ea h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>.05<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f2 y1a47 w6eb h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">40<span class=\"_ _0\"></span>.51<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f3 y1a47 w6e9 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">41.8<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f4 y1a47 w6ec h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>.405<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f5 y1a47 w6e9 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">35.<span class=\"_ _0\"></span>470<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hef y1a48 ff3 fs57 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>3 Fondi<span class=\"_ _3\"></span> pension<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> aperti<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a4a w6c5 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> gestione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e0 y1a4a w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">17<span class=\"_ _0\"></span>.630<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e1 y1a4a w6e1 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(9.34<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f6 y1a4a w6d7 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">8.28<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f7 y1a4a w6d9 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">14.670<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f8 y1a4a w6e2 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(7<span class=\"_ _0\"></span>.851<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f9 y1a4a w6ed h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>81<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a4b w6cb h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> incen<span class=\"_ _1\"></span>tivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7fa y1a4b w6ee h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7fb y1a4b w6e6 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2ed hf0 y1a4c ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>m.<span class=\"_ _1\"></span> di sott<span class=\"_ _1\"></span>oscriz./<span class=\"_ _3\"></span>rimborso<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a4d w6d8 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Al<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> com<span class=\"_ _3\"></span>miss<span class=\"_ _0\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7fc y1a4d w6ef h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">87<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7fd y1a4d w6f0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(23<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7fe y1a4d w6d4 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">641<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ff y1a4d w6f1 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">780<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x800 y1a4d w6f2 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>66<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x801 y1a4d w6f3 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">51<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a4f w6f4 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">Totale commissio<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>a fond<span class=\"_ _3\"></span>i pensio<span class=\"_ _3\"></span>ne <span class=\"_ _0\"></span>ap<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x802 y1a4f w6eb h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">18<span class=\"_ _0\"></span>.53<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x803 y1a4f w6f5 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(9.5<span class=\"_ _0\"></span>78)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x804 y1a4f w6f6 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>.9<span class=\"_ _0\"></span>58<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x805 y1a4f w6f7 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">15.<span class=\"_ _0\"></span>45<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x806 y1a4f w6ea h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(8.1<span class=\"_ _0\"></span>17<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x807 y1a4f w6f8 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _0\"></span>33<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hef y1a50 ff3 fs57 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> Gestioni<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>icev<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e in d<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>lega<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a51 w6c5 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> gestione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e0 y1a51 w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">72<span class=\"_ _0\"></span>.474<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e1 y1a51 w6e1 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(8.31<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e2 y1a51 w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>4.164<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e3 y1a51 w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">71.87<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e4 y1a51 w6e2 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(8<span class=\"_ _0\"></span>.423<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e5 y1a51 w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">63.45<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a52 w6cb h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> incen<span class=\"_ _1\"></span>tivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x808 y1a52 w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">15<span class=\"_ _0\"></span>.056<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x809 y1a52 w6d9 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">15.056<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x80a y1a52 w6f9 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.212<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x80b y1a52 w6d7 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.212<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a53 w6d8 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Al<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> com<span class=\"_ _3\"></span>miss<span class=\"_ _0\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x80c y1a53 w6fa h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.810<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x80d y1a53 w6cd h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(873<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x80e y1a53 w6fb h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">1.937<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x80f y1a53 w6d7 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.880<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x810 y1a53 w6fc h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>.699<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x811 y1a53 w6fd h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span>81<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a54 w6fe h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">Totale commissio<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>a gestion<span class=\"_ _3\"></span>i rice<span class=\"_ _0\"></span>vute in <span class=\"_ _1\"></span>delega<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x812 y1a54 w6ff h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>0.34<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x813 y1a54 w6ea h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(9.1<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x814 y1a54 w6e9 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">81.<span class=\"_ _0\"></span>157<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x815 y1a54 w6f7 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">76.<span class=\"_ _0\"></span>96<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x816 y1a54 w700 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(10<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x817 y1a54 w6e9 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">66.<span class=\"_ _0\"></span>847<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a55 w701 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">TOTALE C<span class=\"_ _3\"></span>OM<span class=\"_ _0\"></span>MISSIONI PER GE<span class=\"_ _1\"></span>STIONE  (A)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x818 y1a55 w6db h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span>76<span class=\"_ _0\"></span>.71<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x819 y1a55 w6dc h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(761<span class=\"_ _0\"></span>.59<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81a y1a55 w6de h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>15.<span class=\"_ _0\"></span>122<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81b y1a55 w6de h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">993.<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81c y1a55 w6dc h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(634<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81d y1a55 w702 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">35<span class=\"_ _0\"></span>9.3<span class=\"_ _0\"></span>86<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hef y1a56 ff3 fs57 fc1 sc0 ls0 ws0\">B. A<span class=\"_ _0\"></span>L<span class=\"_ _1\"></span>TRI SERV<span class=\"_ _3\"></span>IZI<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a57 w703 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>sulenza<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81e y1a57 w6fa h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">1.46<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81f y1a57 w704 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(27<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x820 y1a57 w6fd h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _0\"></span>38<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x821 y1a57 w705 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">45<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x822 y1a57 w704 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(34<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x823 y1a57 w6d4 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">425<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a58 w706 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Al<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> serviz<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x824 y1a58 w6d5 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>48<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x825 y1a58 w6e2 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>.199<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x826 y1a58 w707 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">11.28<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x827 y1a58 w6fd h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _0\"></span>27<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x828 y1a58 w6fb h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">7.127<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a59 w708 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">TOTALE C<span class=\"_ _3\"></span>OM<span class=\"_ _0\"></span>MISSIONI PER ALTRI<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>SERVI<span class=\"_ _1\"></span>ZI  (B)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x829 y1a59 w6eb h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>4.9<span class=\"_ _0\"></span>48<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82a y1a59 w709 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>.227<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82b y1a59 w70a h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">12.<span class=\"_ _0\"></span>721<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82c y1a59 w6f8 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">7.5<span class=\"_ _0\"></span>86<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82d y1a59 w70b h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(3<span class=\"_ _0\"></span>4)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82e y1a59 w6f6 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>.55<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w70c h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">COMMISSIONI COMPLESSIVE  (A+B)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82f y16d8 w70d h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.291<span class=\"_ _0\"></span>.66<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x830 y16d8 w6dc h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(76<span class=\"_ _0\"></span>3.81<span class=\"_ _0\"></span>8)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x831 y16d8 w70e h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">527.<span class=\"_ _0\"></span>843<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x832 y16d8 w6db h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _0\"></span>01.<span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x833 y16d8 w6df h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>34<span class=\"_ _0\"></span>.16<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x834 y16d8 w6de h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">36<span class=\"_ _0\"></span>6.93<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr></table>I <span class=\"_ _6\"></span>pro<span class=\"_ _0\"></span>venti <span class=\"_ _6\"></span>derivanti <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>all\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>gestio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>dei <span class=\"_ _6\"></span>prodo<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"></span>rapp<span class=\"_ _1\"></span>resentati <span class=\"_ _f\"> </span>pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alente<span class=\"_ _1\"></span>mente <span class=\"_ _f\"> </span>dalle commissioni <span class=\"_ _1f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>gestione <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>dalle <span class=\"_ _15\"> </span>commissioni <span class=\"_ _15\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>incen<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _1f\"> </span>(ove <span class=\"_ _15\"> </span>contrattualmente <span class=\"_ _1f\"> </span>previste), <span class=\"_ _15\"> </span>che rappresentano <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>maggior <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>ricavi <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>ru<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>po. <span class=\"_ _b\"></span>Le <span class=\"_ _0\"></span>commissi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gesti<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> incentivo <span class=\"_ _0\"></span>sono prevalentemente <span class=\"_ _6\"></span>coll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>al <span class=\"_ _6\"></span>valore <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>d<span class=\"_ _1\"></span>egli <span class=\"_ _f\"> </span>AuM <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>al <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>isultato <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _6\"></span>stessi prodotti. <span class=\"_ _b\"></span>In <span class=\"_ _b\"></span>parti<span class=\"_ _1\"></span>col<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>re,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>le <span class=\"_ _b\"></span>commissi<span class=\"_ _1\"></span>oni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>gestione <span class=\"_ _0\"></span>sono <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>colate <span class=\"_ _b\"></span>periodicame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>come <span class=\"_ _b\"></span>percentuale<span class=\"_ _1\"></span> del  pa<span class=\"_ _1\"></span>trimonio <span class=\"_ _f\"> </span>(N<span class=\"_ _0\"></span>AV/<span class=\"_ _1\"></span>GAV/<span class=\"ff5\">commitment<span class=\"_ _3\"></span><span class=\"ff2\">)  del <span class=\"_ _f\"> </span>singolo  p<span class=\"_ _1\"></span>rodotto; <span class=\"_ _f\"> </span>la  c<span class=\"_ _1\"></span>ommissione <span class=\"_ _f\"> </span>di  in<span class=\"_ _1\"></span>centivo, <span class=\"_ _f\"> </span>invece, </span></span>viene <span class=\"_ _0\"></span>applicata <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>taluni <span class=\"_ _0\"></span>prodotti <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>corrisposta <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>fav<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>so<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gestione d<span class=\"_ _0\"></span>el G<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>uppo <span class=\"_ _0\"></span>quando <span class=\"_ _0\"></span>il rendimento <span class=\"_ _f\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>prodotto <span class=\"_ _6\"></span>stesso, <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rminato <span class=\"_ _f\"> </span>perio<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o, <span class=\"_ _f\"> </span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>pera <span class=\"_ _f\"> </span>la<span class=\"_ _3\"></span>  p<span class=\"_ _3\"></span>erformance <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>u<span class=\"_ _1\"></span>n <span class=\"_ _f\"> </span>indice <span class=\"_ _f\"> </span>di rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mento <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>un <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>prestabilito <span class=\"_ _5\"></span>o <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>obiettivo <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>rendim<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span>. <span class=\"_ _6\"></span>In <span class=\"_ _6\"></span>particolare, <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>taluni <span class=\"_ _6\"></span>fondi <span class=\"_ _6\"></span>la commissione <span class=\"_ _1\"></span>di i<span class=\"_ _1\"></span>ncentivo \u00e8 <span class=\"_ _3\"></span>dovuta a<span class=\"_ _1\"></span>lle s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet\u00e0<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>gestione <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>se i<span class=\"_ _3\"></span>l valore <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>quota de<span class=\"_ _1\"></span>l fondo<span class=\"_ _3\"></span> aumenta <span class=\"_ _0\"></span>e il<span class=\"_ _0\"></span> valore r<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giunto <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>supe<span class=\"_ _1\"></span>riore <span class=\"_ _0\"></span>a qu<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>lo pi\u00f9<span class=\"_ _0\"></span> elevato <span class=\"_ _0\"></span>mai r<span class=\"_ _0\"></span>ag<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>iunto <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>precedenza. Pertanto, il <span class=\"_ _c\"> </span>conseguimento <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>commissi<span class=\"_ _1\"></span>oni <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>i<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o,<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>os\u00ec <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>ome <span class=\"_ _211\"> </span>il<span class=\"_ _0\"></span>  loro<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>ammontare, <span class=\"_ _c\"> </span>sono <span class=\"_ _c\"> </span>fortemente condizionati <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>diment<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onseguit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dai <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndi <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>dagli <span class=\"_ _b\"></span>altri <span class=\"_ _b\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>odotti<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>gestiti: <span class=\"_ _0\"></span>fattore <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>sua <span class=\"_ _b\"></span>volta risente, oltre che della <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>alit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>estione, a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>che <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ell\u2019andame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to dei me<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cati di <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> e, pi\u00f9 in generale, dall\u2019andament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onomico-<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziari<span class=\"_ _1\"></span>o n<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>zion<span class=\"_ _0\"></span>ale e <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>nazi<span class=\"_ _1\"></span>onale. Le <span class=\"_ _5\"></span>commissioni <span class=\"_ _5\"></span>attive <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>fondi <span class=\"_ _5\"></span>comuni <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>on <span class=\"_ _5\"></span>alternativi <span class=\"_ _b\"></span>(OICVM), <span class=\"_ _5\"></span>vengono <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>eral<span class=\"_ _1\"></span>mente inc<span class=\"_ _0\"></span>assa<span class=\"_ _1\"></span>te con <span class=\"_ _0\"></span>periodicit\u00e0 mensile, men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e quelle <span class=\"_ _0\"></span>deriva<span class=\"_ _1\"></span>nti <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>gest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ni <span class=\"_ _0\"></span>individuali, da <span class=\"_ _0\"></span>gestio<span class=\"_ _1\"></span>ni <span class=\"_ _0\"></span>ricevute in delega e da gesti<span class=\"_ _1\"></span>one di FIA con per<span class=\"_ _1\"></span>iodicit\u00e0 mensil<span class=\"_ _3\"></span>e/tr<span class=\"_ _0\"></span>imest<span class=\"_ _1\"></span>rale/semestrale.<span class=\"_ _1\"></span> Al 3<span class=\"_ _0\"></span>1 dicembre 2024, le c<span class=\"_ _0\"></span>ommissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>nette comple<span class=\"_ _3\"></span>ssi<span class=\"_ _0\"></span>ve hanno registrato un incr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ento di circa <span class=\"_ _0\"></span>Euro 160,9 milioni.  Le <span class=\"_ _b\"></span>commissioni <span class=\"_ _0\"></span>nette <span class=\"_ _b\"></span>rivenienti<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>dai <span class=\"_ _b\"></span>Fo<span class=\"_ _1\"></span>ndi <span class=\"_ _b\"></span>Comuni, <span class=\"_ _0\"></span>rispetto <span class=\"_ _b\"></span>all\u2019anno <span class=\"_ _b\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ecedente,<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>hanno <span class=\"_ _0\"></span>consuntivato un <span class=\"_ _0\"></span>aumento <span class=\"_ _0\"></span>pari<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Eur<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>134,8 <span class=\"_ _0\"></span>mili<span class=\"_ _1\"></span>oni, <span class=\"_ _0\"></span>principa<span class=\"_ _1\"></span>lmente <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>l\u2019effetto<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>maggi<span class=\"_ _1\"></span>ori <span class=\"_ _0\"></span>commissio<span class=\"_ _1\"></span>ni <span class=\"_ _0\"></span>di inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o nette p<span class=\"_ _1\"></span>er circa Euro <span class=\"_ _1\"></span>75,5 milioni, (ii) ma<span class=\"_ _1\"></span>ggiori commissioni di gesti<span class=\"_ _3\"></span>one n<span class=\"_ _0\"></span>ette p<span class=\"_ _1\"></span>ari a Euro 31<span class=\"_ _1\"></span>,5 milioni <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>di <span class=\"_ _5\"></span>cui<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ri<span class=\"_ _0\"></span>ve<span class=\"_ _1\"></span>nienti <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ai <span class=\"_ _5\"></span>FIA <span class=\"_ _f\"> </span>gestiti <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>Castell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>SGR <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>11,1 <span class=\"_ _f\"> </span>milioni<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span>, <span class=\"_ _6\"></span>(iii) <span class=\"_ _6\"></span>maggiori <span class=\"_ _f\"> </span>altre commissioni (<span class=\"_ _0\"></span>tra cui q<span class=\"_ _0\"></span>uelle di <span class=\"_ _0\"></span>collocament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> e <span class=\"_ _0\"></span>diritti fi<span class=\"_ _0\"></span>ssi) per E<span class=\"_ _0\"></span>uro 27,8<span class=\"_ _0\"></span> milioni. Il <span class=\"_ _0\"></span>contributo<span class=\"_ _0\"></span> di <span class=\"_ _0\"></span>Kair<span class=\"_ _1\"></span>os SGR alle commissio<span class=\"_ _1\"></span>ni nette rive<span class=\"_ _1\"></span>nienti dai Fondi <span class=\"_ _1\"></span>Comuni \u00e8 pari a Euro 20<span class=\"_ _1\"></span>,8 milioni. Con <span class=\"_ _0\"></span>riferiment<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>Gesti<span class=\"_ _1\"></span>oni <span class=\"_ _0\"></span>individ<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali, <span class=\"_ _0\"></span>si evidenzia u<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>cremento d<span class=\"_ _0\"></span>elle commissioni n<span class=\"_ _0\"></span>ette rispetto all\u2019esercizio prec<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ente pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa E<span class=\"_ _0\"></span>uro 5<span class=\"_ _0\"></span> milioni, principalmente legato <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>cont<span class=\"_ _1\"></span>ribuzione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Kairos per circa Euro 3,9 mi<span class=\"_ _1\"></span>lioni. Le <span class=\"_ _1b\"> </span>commissi<span class=\"_ _1\"></span>oni <span class=\"_ _1b\"> </span>nette <span class=\"_ _19\"> </span>da <span class=\"_ _1b\"> </span>Fondi <span class=\"_ _19\"> </span>pensione <span class=\"_ _19\"> </span>aperti, <span class=\"_ _19\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>spetto <span class=\"_ _19\"> </span>all\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio <span class=\"_ _e\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>23, <span class=\"_ _1b\"> </span>sono <span class=\"_ _19\"> </span>aumentate com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca Euro 1<span class=\"_ _1\"></span>,6 milioni. Le <span class=\"_ _3\"></span>commissioni <span class=\"_ _8\"></span>n<span class=\"_ _0\"></span>ette <span class=\"_ _3\"></span>del<span class=\"_ _1\"></span>le <span class=\"_ _3\"></span>Gestioni <span class=\"_ _3\"></span>ricevute <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>dele<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>a, <span class=\"_ _8\"></span>ri<span class=\"_ _0\"></span>spet<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>all\u2019esercizio <span class=\"_ _8\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>23, <span class=\"_ _3\"></span>si <span class=\"_ _1\"></span>sono <span class=\"_ _8\"></span>incr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mentate com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te di circa Euro <span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>4,3 <span class=\"_ _0\"></span>mi<span class=\"_ _1\"></span>lioni, pr<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ncip<span class=\"_ _1\"></span>almente <span class=\"_ _0\"></span>per effetto (i) di<span class=\"_ _0\"></span> maggiori<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>com<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ission<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>di inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o pe<span class=\"_ _1\"></span>r circa Eu<span class=\"_ _1\"></span>ro 13,8 milioni, <span class=\"_ _1\"></span>(ii) di maggior<span class=\"_ _1\"></span>i commissio<span class=\"_ _1\"></span>ni di gesti<span class=\"_ _1\"></span>one per circa E<span class=\"_ _1\"></span>uro 0,7 milio<span class=\"_ _1\"></span>ni, al netto (iii) di mi<span class=\"_ _1\"></span>nori altre commissi<span class=\"_ _1\"></span>oni per circa <span class=\"_ _1\"></span>Euro 0,2 milioni. Inoltre, <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>riferimento <span class=\"_ _f\"> </span>alle <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ommiss<span class=\"_ _1\"></span>ioni <span class=\"_ _f\"> </span>nette <span class=\"_ _f\"> </span>rivenienti <span class=\"_ _f\"> </span>da <span class=\"_ _f\"> </span>Altri <span class=\"_ _f\"> </span>servizi, <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>evidenzia <span class=\"_ _6\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>au<span class=\"_ _1\"></span>mento rispetto <span class=\"_ _e\"> </span>all'ese<span class=\"_ _1\"></span>rcizio <span class=\"_ _e\"> </span>2023 <span class=\"_ _d\"> </span>pari <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>irca <span class=\"_ _15\"> </span>E<span class=\"_ _0\"></span>uro<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>5,2 <span class=\"_ _e\"> </span>milioni <span class=\"_ _e\"> </span>prin<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipalmente<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>dovuto <span class=\"_ _d\"> </span>a <span class=\"_ _e\"> </span>(i) <span class=\"_ _d\"> </span>mag<span class=\"_ _0\"></span>gio<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i commissioni <span class=\"_ _e\"> </span>attive <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>istrate <span class=\"_ _e\"> </span>s<span class=\"_ _1\"></span>ulle <span class=\"_ _e\"> </span>attivit\u00e0 <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>order <span class=\"_ _d\"> </span>rou<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>securities <span class=\"_ _d\"> </span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ing, <span class=\"_ _e\"> </span>(ii) <span class=\"_ _d\"> </span>m<span class=\"_ _0\"></span>aggio<span class=\"_ _1\"></span>ri commissioni di<span class=\"_ _3\"></span> consulenza per <span class=\"_ _3\"></span>ci<span class=\"_ _0\"></span>rca <span class=\"_ _3\"></span>Euro 0,3 mi<span class=\"_ _1\"></span>lioni, (iii<span class=\"_ _1\"></span>) al cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ibut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di Kairos SG<span class=\"_ _3\"></span>R <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r circa E<span class=\"_ _1\"></span>uro 1,8 milioni ed infine (i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>) al co<span class=\"_ _1\"></span>ntributo per le attivit\u00e0 s<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ol<span class=\"_ _3\"></span>te da Vita Srl per circa Euro 1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span> milioni. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-458": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs574\">Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 7 \u2013 Part<span class=\"_ _1\"></span>ecipaz<span class=\"_ _0\"></span>ioni - Voce 70<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs575\">7.1 Partecipazioni: in<span class=\"_ _1\"></span>formazioni sui rapporti par<span class=\"_ _3\"></span>tecipativi<span class=\"_ _1\"></span> </div><div class=\"gs576\"><table class=\"s w3ac h377\" id=\"_7f5d5605-a0b1-4b0d-9bae-1d5fd3cab21a\"><tr><td class=\"c n x4da y1877 w3ad h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Denimi<span class=\"_ _1\"></span>nazi<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4db y1877 w3ae h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Sede <span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>egal<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4dc y1877 w3af h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">S<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>e operativa<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4dd y1877 w3b0 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Quota d<span class=\"_ _1\"></span>i pa<span class=\"_ _3\"></span>rt<span class=\"_ _0\"></span>ecipa<span class=\"_ _3\"></span>zione  %<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4de y1877 w3b1 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Dispon<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1\"></span>di voti %<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4df y1877 w3b2 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Val<span class=\"_ _1\"></span>ore di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>bil<span class=\"_ _3\"></span>ancio<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e0 y1877 w3b3 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Fair<span class=\"_ _3\"></span> Value<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1f x2ed h9a y1878 ff2 fs33 fc1 sc0 ls0 ws0\">A. Impre<span class=\"_ _1\"></span>se contro<span class=\"_ _1\"></span>llat<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>in via esc<span class=\"_ _1\"></span>lusiva<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1f x2ed h9a y1879 ff2 fs33 fc1 sc0 ls0 ws0\">B. Imp<span class=\"_ _1\"></span>rese con<span class=\"_ _1\"></span>trollat<span class=\"_ _3\"></span>e in modo c<span class=\"_ _1\"></span>ongiunt<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1f x2ed h9a y187a ff2 fs33 fc1 sc0 ls0 ws0\">C. Impre<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>e sott<span class=\"_ _3\"></span>oposte a influe<span class=\"_ _1\"></span>nza note<span class=\"_ _1\"></span>vole<span class=\"_ _3\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y187c w3b4 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">GEM Hospitali<span class=\"_ _1\"></span>ty S.r.l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e1 y187c w3b5 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">Ital<span class=\"_ _1\"></span>ia-Mil<span class=\"_ _1\"></span>ano Via Pucc<span class=\"_ _1\"></span>ini, 3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e2 y187c w3b6 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">Italia-M<span class=\"_ _3\"></span>il<span class=\"_ _0\"></span>ano<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Via Puccin<span class=\"_ _3\"></span>i, 3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e3 y187c w3b7 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">80%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e4 y187c w3b8 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>0%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e5 y187c w3b9 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e6 y187c w3b9 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c n x3be y16d8 w3ba h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">To<span class=\"_ _1\"></span>tale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e7 y16d8 w3b9 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e8 y16d8 w3b9 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs577\">Si <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>nforma <span class=\"_ _b\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>21 <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>eb<span class=\"_ _1\"></span>braio <span class=\"_ _5\"></span>2024, <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>controllata <span class=\"_ _b\"></span>indiretta <span class=\"_ _5\"></span>Vita <span class=\"_ _b\"></span>Srl <span class=\"_ _5\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>il <span class=\"_ _5\"></span>FIA <span class=\"_ _5\"></span>Immobiliare <span class=\"_ _b\"></span>GEM </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs578\">FUND <span class=\"_ _c\"> </span>(gestito <span class=\"_ _c\"> </span>da <span class=\"_ _c\"> </span>Castello <span class=\"_ _c\"> </span>SGR) <span class=\"_ _c\"> </span>hanno <span class=\"_ _c\"> </span>costituit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>la <span class=\"_ _c\"> </span>societ\u00e0 <span class=\"_ _c\"> </span>GEM <span class=\"_ _c\"> </span>Hospitalit<span class=\"_ _1\"></span>y <span class=\"_ _c\"> </span>S.r<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>.. <span class=\"_ _c\"> </span>Tale <span class=\"_ _c\"> </span>societ\u00e0, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs579\">accessoria <span class=\"_ _c\"> </span>allo <span class=\"_ _c\"> </span>svolgimento <span class=\"_ _c\"> </span>dell\u2019attivit\u00e0 <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>fondo <span class=\"_ _c\"> </span>stesso, <span class=\"_ _c\"> </span>non <span class=\"_ _c\"> </span>rientra <span class=\"_ _c\"> </span>n<span class=\"_ _0\"></span>el <span class=\"_ _c\"> </span>per<span class=\"_ _1\"></span>imetro <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>bilancio </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs57a\">consolidato <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>base <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>previsto <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>principio <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabile <span class=\"_ _6\"></span>internazionale <span class=\"_ _5\"></span>IFRS <span class=\"_ _6\"></span>10 <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>quanto <span class=\"_ _5\"></span>non </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs57b\">controllata sulla base <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>elle a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>alisi dei pa<span class=\"_ _1\"></span>tti parasoci<span class=\"_ _1\"></span>ali e dei contratti in e<span class=\"_ _1\"></span>ssere. </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs57c\">7.2 Variazioni annue d<span class=\"_ _1\"></span>elle partecipazioni<span class=\"_ _3\"></span><span class=\"ff2\"> </span></div><div class=\"gs57d\"><table class=\"s w3bb h37a\" id=\"_564db825-b5ed-47e9-85b4-01e423e1dad0\"><tr><td></td><td class=\"t m18 x4e9 h9b y187d ff3 fs34 fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>rtec<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>paz<span class=\"_ _3\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>i gr<span class=\"_ _1\"></span>upp<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m18 x4ea h9b y187e ff3 fs34 fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>rte<span class=\"_ _0\"></span>cip<span class=\"_ _3\"></span>azi<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i no<span class=\"_ _3\"></span>n<span class=\"_ _4a1\"> </span></td><td class=\"t m18 x4eb h9b y187d ff3 fs34 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td></tr><tr><td></td><td></td><td class=\"t m18 x4ec h9b y187f ff3 fs34 fc1 sc0 ls0 ws0\">di<span class=\"_ _3\"></span> gru<span class=\"_ _1\"></span>ppo<span class=\"_ _4a1\"> </span></td><td></td></tr><tr><td class=\"c n x1a9 y1881 w3bc h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">A.<span class=\"_ _0\"></span> E<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>tenze ini<span class=\"_ _3\"></span>zia<span class=\"_ _3\"></span>li<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4ed y1881 w3bd h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1882 w3be h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">B.<span class=\"_ _211\"> </span>Au<span class=\"_ _3\"></span>me<span class=\"_ _0\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4ee y1882 w3bf h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ef y1882 w3bf h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1884 w3c0 h37c\"><div class=\"t m18 x17f h9c y1883 ff2 fs34 fc1 sc0 ls0 ws0\">B.1 A<span class=\"_ _0\"></span>cqu<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>sti<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4f0 y1884 w3bf h37c\"><div class=\"t m18 x17f h9c y1883 ff2 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4f1 y1884 w3bf h37c\"><div class=\"t m18 x17f h9c y1883 ff2 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m18 x2ed h9c y1885 ff2 fs34 fc1 sc0 ls0 ws0\">B.2 Ri<span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> di val<span class=\"_ _1\"></span>ore<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9c y1886 ff2 fs34 fc1 sc0 ls0 ws0\">B.3 Ri<span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>alutazi<span class=\"_ _3\"></span>oni<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9c y1887 ff2 fs34 fc1 sc0 ls0 ws0\">B.4 A<span class=\"_ _0\"></span>lt<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>ariazioni<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9b y1888 ff3 fs34 fc1 sc0 ls0 ws0\">C. D<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>minu<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>ni<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9c y1889 ff2 fs34 fc1 sc0 ls0 ws0\">C.1 V<span class=\"_ _0\"></span>end<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9c y188a ff2 fs34 fc1 sc0 ls0 ws0\">C.2 R<span class=\"_ _0\"></span>et<span class=\"_ _3\"></span>tifich<span class=\"_ _3\"></span>e di val<span class=\"_ _1\"></span>ore<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9c y188b ff2 fs34 fc1 sc0 ls0 ws0\">C.3 A<span class=\"_ _0\"></span>ltre<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>ariazioni<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w3c1 h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">D.<span class=\"_ _0\"></span> Ri<span class=\"_ _1\"></span>man<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>nz<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>li<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4f2 y16d8 w3bf h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4f3 y16d8 w3bf h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gsff\">7.6 Valutazioni e assunzio<span class=\"_ _1\"></span>ni significa<span class=\"_ _1\"></span>tive per stabilire l\u2019<span class=\"_ _3\"></span>esistenza di controllo congiun<span class=\"_ _1\"></span>to o influenza notevole<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs101\">GEM <span class=\"_ _f\"> </span>Hospital<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ty <span class=\"_ _6\"></span>S.r.l., <span class=\"_ _f\"></span>pur <span class=\"_ _6\"></span>essendo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>eten<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ta <span class=\"_ _6\"></span>all\u201980% <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>Vita <span class=\"_ _6\"></span>Srl,<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>considerata <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>coll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4e1\">quanto <span class=\"_ _16\"> </span>i<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>patti <span class=\"_ _16\"> </span>parasociali <span class=\"_ _1f\"> </span>e <span class=\"_ _1f\"> </span>i <span class=\"_ _1f\"> </span>contratti <span class=\"_ _16\"> </span>in <span class=\"_ _1f\"> </span>essere, <span class=\"_ _1f\"> </span>nella <span class=\"_ _1f\"> </span>sostanza, <span class=\"_ _16\"> </span>non <span class=\"_ _1f\"> </span>consentono <span class=\"_ _16\"> </span>al <span class=\"_ _1f\"> </span>Gruppo <span class=\"_ _1f\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs103\">partecipare alle dec<span class=\"_ _1\"></span>isioni gestionali e <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ina<span class=\"_ _1\"></span>nziarie della societ\u00e0. <span class=\"_ _3\"></span> </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-485": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 7 \u2013 Part<span class=\"_ _1\"></span>ecipaz<span class=\"_ _0\"></span>ioni - Voce 70<span class=\"_ _1\"></span> 7.1 Partecipazioni: in<span class=\"_ _1\"></span>formazioni sui rapporti par<span class=\"_ _3\"></span>tecipativi<span class=\"_ _1\"></span> <table class=\"s w3ac h377\" id=\"_7f5d5605-a0b1-4b0d-9bae-1d5fd3cab21a\"><tr><td class=\"c n x4da y1877 w3ad h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Denimi<span class=\"_ _1\"></span>nazi<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4db y1877 w3ae h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Sede <span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>egal<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4dc y1877 w3af h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">S<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>e operativa<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4dd y1877 w3b0 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Quota d<span class=\"_ _1\"></span>i pa<span class=\"_ _3\"></span>rt<span class=\"_ _0\"></span>ecipa<span class=\"_ _3\"></span>zione  %<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4de y1877 w3b1 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Dispon<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1\"></span>di voti %<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4df y1877 w3b2 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Val<span class=\"_ _1\"></span>ore di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>bil<span class=\"_ _3\"></span>ancio<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e0 y1877 w3b3 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Fair<span class=\"_ _3\"></span> Value<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1f x2ed h9a y1878 ff2 fs33 fc1 sc0 ls0 ws0\">A. Impre<span class=\"_ _1\"></span>se contro<span class=\"_ _1\"></span>llat<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>in via esc<span class=\"_ _1\"></span>lusiva<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1f x2ed h9a y1879 ff2 fs33 fc1 sc0 ls0 ws0\">B. Imp<span class=\"_ _1\"></span>rese con<span class=\"_ _1\"></span>trollat<span class=\"_ _3\"></span>e in modo c<span class=\"_ _1\"></span>ongiunt<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1f x2ed h9a y187a ff2 fs33 fc1 sc0 ls0 ws0\">C. Impre<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>e sott<span class=\"_ _3\"></span>oposte a influe<span class=\"_ _1\"></span>nza note<span class=\"_ _1\"></span>vole<span class=\"_ _3\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y187c w3b4 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">GEM Hospitali<span class=\"_ _1\"></span>ty S.r.l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e1 y187c w3b5 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">Ital<span class=\"_ _1\"></span>ia-Mil<span class=\"_ _1\"></span>ano Via Pucc<span class=\"_ _1\"></span>ini, 3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e2 y187c w3b6 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">Italia-M<span class=\"_ _3\"></span>il<span class=\"_ _0\"></span>ano<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Via Puccin<span class=\"_ _3\"></span>i, 3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e3 y187c w3b7 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">80%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e4 y187c w3b8 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>0%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e5 y187c w3b9 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e6 y187c w3b9 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c n x3be y16d8 w3ba h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">To<span class=\"_ _1\"></span>tale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e7 y16d8 w3b9 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e8 y16d8 w3b9 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td></tr></table>Si <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>nforma <span class=\"_ _b\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>21 <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>eb<span class=\"_ _1\"></span>braio <span class=\"_ _5\"></span>2024, <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>controllata <span class=\"_ _b\"></span>indiretta <span class=\"_ _5\"></span>Vita <span class=\"_ _b\"></span>Srl <span class=\"_ _5\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>il <span class=\"_ _5\"></span>FIA <span class=\"_ _5\"></span>Immobiliare <span class=\"_ _b\"></span>GEM FUND <span class=\"_ _c\"> </span>(gestito <span class=\"_ _c\"> </span>da <span class=\"_ _c\"> </span>Castello <span class=\"_ _c\"> </span>SGR) <span class=\"_ _c\"> </span>hanno <span class=\"_ _c\"> </span>costituit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>la <span class=\"_ _c\"> </span>societ\u00e0 <span class=\"_ _c\"> </span>GEM <span class=\"_ _c\"> </span>Hospitalit<span class=\"_ _1\"></span>y <span class=\"_ _c\"> </span>S.r<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>.. <span class=\"_ _c\"> </span>Tale <span class=\"_ _c\"> </span>societ\u00e0, accessoria <span class=\"_ _c\"> </span>allo <span class=\"_ _c\"> </span>svolgimento <span class=\"_ _c\"> </span>dell\u2019attivit\u00e0 <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>fondo <span class=\"_ _c\"> </span>stesso, <span class=\"_ _c\"> </span>non <span class=\"_ _c\"> </span>rientra <span class=\"_ _c\"> </span>n<span class=\"_ _0\"></span>el <span class=\"_ _c\"> </span>per<span class=\"_ _1\"></span>imetro <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>bilancio consolidato <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>base <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>previsto <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>principio <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabile <span class=\"_ _6\"></span>internazionale <span class=\"_ _5\"></span>IFRS <span class=\"_ _6\"></span>10 <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>quanto <span class=\"_ _5\"></span>non controllata sulla base <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>elle a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>alisi dei pa<span class=\"_ _1\"></span>tti parasoci<span class=\"_ _1\"></span>ali e dei contratti in e<span class=\"_ _1\"></span>ssere. 7.2 Variazioni annue d<span class=\"_ _1\"></span>elle partecipazioni<span class=\"_ _3\"></span><span class=\"ff2\"> </span><table class=\"s w3bb h37a\" id=\"_564db825-b5ed-47e9-85b4-01e423e1dad0\"><tr><td></td><td class=\"t m18 x4e9 h9b y187d ff3 fs34 fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>rtec<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>paz<span class=\"_ _3\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>i gr<span class=\"_ _1\"></span>upp<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m18 x4ea h9b y187e ff3 fs34 fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>rte<span class=\"_ _0\"></span>cip<span class=\"_ _3\"></span>azi<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i no<span class=\"_ _3\"></span>n<span class=\"_ _4a1\"> </span></td><td class=\"t m18 x4eb h9b y187d ff3 fs34 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td></tr><tr><td></td><td></td><td class=\"t m18 x4ec h9b y187f ff3 fs34 fc1 sc0 ls0 ws0\">di<span class=\"_ _3\"></span> gru<span class=\"_ _1\"></span>ppo<span class=\"_ _4a1\"> </span></td><td></td></tr><tr><td class=\"c n x1a9 y1881 w3bc h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">A.<span class=\"_ _0\"></span> E<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>tenze ini<span class=\"_ _3\"></span>zia<span class=\"_ _3\"></span>li<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4ed y1881 w3bd h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1882 w3be h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">B.<span class=\"_ _211\"> </span>Au<span class=\"_ _3\"></span>me<span class=\"_ _0\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4ee y1882 w3bf h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ef y1882 w3bf h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1884 w3c0 h37c\"><div class=\"t m18 x17f h9c y1883 ff2 fs34 fc1 sc0 ls0 ws0\">B.1 A<span class=\"_ _0\"></span>cqu<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>sti<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4f0 y1884 w3bf h37c\"><div class=\"t m18 x17f h9c y1883 ff2 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4f1 y1884 w3bf h37c\"><div class=\"t m18 x17f h9c y1883 ff2 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m18 x2ed h9c y1885 ff2 fs34 fc1 sc0 ls0 ws0\">B.2 Ri<span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> di val<span class=\"_ _1\"></span>ore<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9c y1886 ff2 fs34 fc1 sc0 ls0 ws0\">B.3 Ri<span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>alutazi<span class=\"_ _3\"></span>oni<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9c y1887 ff2 fs34 fc1 sc0 ls0 ws0\">B.4 A<span class=\"_ _0\"></span>lt<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>ariazioni<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9b y1888 ff3 fs34 fc1 sc0 ls0 ws0\">C. D<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>minu<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>ni<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9c y1889 ff2 fs34 fc1 sc0 ls0 ws0\">C.1 V<span class=\"_ _0\"></span>end<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9c y188a ff2 fs34 fc1 sc0 ls0 ws0\">C.2 R<span class=\"_ _0\"></span>et<span class=\"_ _3\"></span>tifich<span class=\"_ _3\"></span>e di val<span class=\"_ _1\"></span>ore<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9c y188b ff2 fs34 fc1 sc0 ls0 ws0\">C.3 A<span class=\"_ _0\"></span>ltre<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>ariazioni<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w3c1 h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">D.<span class=\"_ _0\"></span> Ri<span class=\"_ _1\"></span>man<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>nz<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>li<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4f2 y16d8 w3bf h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4f3 y16d8 w3bf h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td></tr></table>7.6 Valutazioni e assunzio<span class=\"_ _1\"></span>ni significa<span class=\"_ _1\"></span>tive per stabilire l\u2019<span class=\"_ _3\"></span>esistenza di controllo congiun<span class=\"_ _1\"></span>to o influenza notevole<span class=\"_ _3\"></span> GEM <span class=\"_ _f\"> </span>Hospital<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ty <span class=\"_ _6\"></span>S.r.l., <span class=\"_ _f\"></span>pur <span class=\"_ _6\"></span>essendo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>eten<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ta <span class=\"_ _6\"></span>all\u201980% <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>Vita <span class=\"_ _6\"></span>Srl,<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>considerata <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>coll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> quanto <span class=\"_ _16\"> </span>i<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>patti <span class=\"_ _16\"> </span>parasociali <span class=\"_ _1f\"> </span>e <span class=\"_ _1f\"> </span>i <span class=\"_ _1f\"> </span>contratti <span class=\"_ _16\"> </span>in <span class=\"_ _1f\"> </span>essere, <span class=\"_ _1f\"> </span>nella <span class=\"_ _1f\"> </span>sostanza, <span class=\"_ _16\"> </span>non <span class=\"_ _1f\"> </span>consentono <span class=\"_ _16\"> </span>al <span class=\"_ _1f\"> </span>Gruppo <span class=\"_ _1f\"> </span>di partecipare alle dec<span class=\"_ _1\"></span>isioni gestionali e <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ina<span class=\"_ _1\"></span>nziarie della societ\u00e0. <span class=\"_ _3\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-29": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 7 \u2013 Part<span class=\"_ _1\"></span>ecipaz<span class=\"_ _0\"></span>ioni - Voce 70<span class=\"_ _1\"></span> 7.1 Partecipazioni: in<span class=\"_ _1\"></span>formazioni sui rapporti par<span class=\"_ _3\"></span>tecipativi<span class=\"_ _1\"></span> <table class=\"s w3ac h377\" id=\"_7f5d5605-a0b1-4b0d-9bae-1d5fd3cab21a\"><tr><td class=\"c n x4da y1877 w3ad h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Denimi<span class=\"_ _1\"></span>nazi<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4db y1877 w3ae h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Sede <span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>egal<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4dc y1877 w3af h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">S<span class=\"_ _0\"></span>ed<span class=\"_ _1\"></span>e operativa<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4dd y1877 w3b0 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Quota d<span class=\"_ _1\"></span>i pa<span class=\"_ _3\"></span>rt<span class=\"_ _0\"></span>ecipa<span class=\"_ _3\"></span>zione  %<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4de y1877 w3b1 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Dispon<span class=\"_ _1\"></span>ibil<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1\"></span>di voti %<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4df y1877 w3b2 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Val<span class=\"_ _1\"></span>ore di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>bil<span class=\"_ _3\"></span>ancio<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e0 y1877 w3b3 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">Fair<span class=\"_ _3\"></span> Value<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1f x2ed h9a y1878 ff2 fs33 fc1 sc0 ls0 ws0\">A. Impre<span class=\"_ _1\"></span>se contro<span class=\"_ _1\"></span>llat<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>in via esc<span class=\"_ _1\"></span>lusiva<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1f x2ed h9a y1879 ff2 fs33 fc1 sc0 ls0 ws0\">B. Imp<span class=\"_ _1\"></span>rese con<span class=\"_ _1\"></span>trollat<span class=\"_ _3\"></span>e in modo c<span class=\"_ _1\"></span>ongiunt<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1f x2ed h9a y187a ff2 fs33 fc1 sc0 ls0 ws0\">C. Impre<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>e sott<span class=\"_ _3\"></span>oposte a influe<span class=\"_ _1\"></span>nza note<span class=\"_ _1\"></span>vole<span class=\"_ _3\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y187c w3b4 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">GEM Hospitali<span class=\"_ _1\"></span>ty S.r.l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e1 y187c w3b5 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">Ital<span class=\"_ _1\"></span>ia-Mil<span class=\"_ _1\"></span>ano Via Pucc<span class=\"_ _1\"></span>ini, 3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e2 y187c w3b6 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">Italia-M<span class=\"_ _3\"></span>il<span class=\"_ _0\"></span>ano<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Via Puccin<span class=\"_ _3\"></span>i, 3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e3 y187c w3b7 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">80%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e4 y187c w3b8 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>0%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e5 y187c w3b9 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e6 y187c w3b9 h379\"><div class=\"t m1f x17f h9a y187b ff2 fs33 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c n x3be y16d8 w3ba h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">To<span class=\"_ _1\"></span>tale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e7 y16d8 w3b9 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4e8 y16d8 w3b9 h378\"><div class=\"t m1f x17f h99 y1876 ff3 fs33 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td></tr></table>Si <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>nforma <span class=\"_ _b\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>21 <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>eb<span class=\"_ _1\"></span>braio <span class=\"_ _5\"></span>2024, <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>controllata <span class=\"_ _b\"></span>indiretta <span class=\"_ _5\"></span>Vita <span class=\"_ _b\"></span>Srl <span class=\"_ _5\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>il <span class=\"_ _5\"></span>FIA <span class=\"_ _5\"></span>Immobiliare <span class=\"_ _b\"></span>GEM FUND <span class=\"_ _c\"> </span>(gestito <span class=\"_ _c\"> </span>da <span class=\"_ _c\"> </span>Castello <span class=\"_ _c\"> </span>SGR) <span class=\"_ _c\"> </span>hanno <span class=\"_ _c\"> </span>costituit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>la <span class=\"_ _c\"> </span>societ\u00e0 <span class=\"_ _c\"> </span>GEM <span class=\"_ _c\"> </span>Hospitalit<span class=\"_ _1\"></span>y <span class=\"_ _c\"> </span>S.r<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>.. <span class=\"_ _c\"> </span>Tale <span class=\"_ _c\"> </span>societ\u00e0, accessoria <span class=\"_ _c\"> </span>allo <span class=\"_ _c\"> </span>svolgimento <span class=\"_ _c\"> </span>dell\u2019attivit\u00e0 <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>fondo <span class=\"_ _c\"> </span>stesso, <span class=\"_ _c\"> </span>non <span class=\"_ _c\"> </span>rientra <span class=\"_ _c\"> </span>n<span class=\"_ _0\"></span>el <span class=\"_ _c\"> </span>per<span class=\"_ _1\"></span>imetro <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>bilancio consolidato <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>base <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>previsto <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>principio <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabile <span class=\"_ _6\"></span>internazionale <span class=\"_ _5\"></span>IFRS <span class=\"_ _6\"></span>10 <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>quanto <span class=\"_ _5\"></span>non controllata sulla base <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>elle a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>alisi dei pa<span class=\"_ _1\"></span>tti parasoci<span class=\"_ _1\"></span>ali e dei contratti in e<span class=\"_ _1\"></span>ssere. 7.2 Variazioni annue d<span class=\"_ _1\"></span>elle partecipazioni<span class=\"_ _3\"></span><span class=\"ff2\"> </span><table class=\"s w3bb h37a\" id=\"_564db825-b5ed-47e9-85b4-01e423e1dad0\"><tr><td></td><td class=\"t m18 x4e9 h9b y187d ff3 fs34 fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>rtec<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>paz<span class=\"_ _3\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>i gr<span class=\"_ _1\"></span>upp<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td><td class=\"t m18 x4ea h9b y187e ff3 fs34 fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>rte<span class=\"_ _0\"></span>cip<span class=\"_ _3\"></span>azi<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i no<span class=\"_ _3\"></span>n<span class=\"_ _4a1\"> </span></td><td class=\"t m18 x4eb h9b y187d ff3 fs34 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td></tr><tr><td></td><td></td><td class=\"t m18 x4ec h9b y187f ff3 fs34 fc1 sc0 ls0 ws0\">di<span class=\"_ _3\"></span> gru<span class=\"_ _1\"></span>ppo<span class=\"_ _4a1\"> </span></td><td></td></tr><tr><td class=\"c n x1a9 y1881 w3bc h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">A.<span class=\"_ _0\"></span> E<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>tenze ini<span class=\"_ _3\"></span>zia<span class=\"_ _3\"></span>li<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x4ed y1881 w3bd h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1882 w3be h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">B.<span class=\"_ _211\"> </span>Au<span class=\"_ _3\"></span>me<span class=\"_ _0\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4ee y1882 w3bf h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ef y1882 w3bf h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1884 w3c0 h37c\"><div class=\"t m18 x17f h9c y1883 ff2 fs34 fc1 sc0 ls0 ws0\">B.1 A<span class=\"_ _0\"></span>cqu<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>sti<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4f0 y1884 w3bf h37c\"><div class=\"t m18 x17f h9c y1883 ff2 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4f1 y1884 w3bf h37c\"><div class=\"t m18 x17f h9c y1883 ff2 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m18 x2ed h9c y1885 ff2 fs34 fc1 sc0 ls0 ws0\">B.2 Ri<span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> di val<span class=\"_ _1\"></span>ore<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9c y1886 ff2 fs34 fc1 sc0 ls0 ws0\">B.3 Ri<span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>alutazi<span class=\"_ _3\"></span>oni<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9c y1887 ff2 fs34 fc1 sc0 ls0 ws0\">B.4 A<span class=\"_ _0\"></span>lt<span class=\"_ _1\"></span>re<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>ariazioni<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9b y1888 ff3 fs34 fc1 sc0 ls0 ws0\">C. D<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>minu<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>ni<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9c y1889 ff2 fs34 fc1 sc0 ls0 ws0\">C.1 V<span class=\"_ _0\"></span>end<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9c y188a ff2 fs34 fc1 sc0 ls0 ws0\">C.2 R<span class=\"_ _0\"></span>et<span class=\"_ _3\"></span>tifich<span class=\"_ _3\"></span>e di val<span class=\"_ _1\"></span>ore<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed h9c y188b ff2 fs34 fc1 sc0 ls0 ws0\">C.3 A<span class=\"_ _0\"></span>ltre<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>v<span class=\"_ _3\"></span>ariazioni<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w3c1 h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">D.<span class=\"_ _0\"></span> Ri<span class=\"_ _1\"></span>man<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>nz<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> fi<span class=\"_ _1\"></span>na<span class=\"_ _1\"></span>li<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x4f2 y16d8 w3bf h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4f3 y16d8 w3bf h37b\"><div class=\"t m18 x17f h9b y1880 ff3 fs34 fc1 sc0 ls0 ws0\">8<span class=\"_ _4a1\"> </span></div></td></tr></table>7.6 Valutazioni e assunzio<span class=\"_ _1\"></span>ni significa<span class=\"_ _1\"></span>tive per stabilire l\u2019<span class=\"_ _3\"></span>esistenza di controllo congiun<span class=\"_ _1\"></span>to o influenza notevole<span class=\"_ _3\"></span> GEM <span class=\"_ _f\"> </span>Hospital<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ty <span class=\"_ _6\"></span>S.r.l., <span class=\"_ _f\"></span>pur <span class=\"_ _6\"></span>essendo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>eten<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ta <span class=\"_ _6\"></span>all\u201980% <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>Vita <span class=\"_ _6\"></span>Srl,<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>considerata <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>coll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> quanto <span class=\"_ _16\"> </span>i<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>patti <span class=\"_ _16\"> </span>parasociali <span class=\"_ _1f\"> </span>e <span class=\"_ _1f\"> </span>i <span class=\"_ _1f\"> </span>contratti <span class=\"_ _16\"> </span>in <span class=\"_ _1f\"> </span>essere, <span class=\"_ _1f\"> </span>nella <span class=\"_ _1f\"> </span>sostanza, <span class=\"_ _16\"> </span>non <span class=\"_ _1f\"> </span>consentono <span class=\"_ _16\"> </span>al <span class=\"_ _1f\"> </span>Gruppo <span class=\"_ _1f\"> </span>di partecipare alle dec<span class=\"_ _1\"></span>isioni gestionali e <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ina<span class=\"_ _1\"></span>nziarie della societ\u00e0. <span class=\"_ _3\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-30": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 8 \u2013 Attivit\u00e0 materiali \u2013 Voce 80 8.1 Attivit\u00e0 materiali<span class=\"_ _1\"></span> ad uso funzionale: com<span class=\"_ _3\"></span>posizione d<span class=\"_ _1\"></span>elle attivit\u00e0 valutate al <span class=\"_ _1\"></span>costo <table class=\"s w3c2 h37d\" id=\"_729f11d3-2833-43e6-badb-297b68e9c379\"><tr><td class=\"c n x4f5 y188c w3c3 h36c\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">Attivit\u00e0<span class=\"_ _47a\"></span>/<span class=\"_ _47b\"></span>Va<span class=\"_ _47c\"></span>l<span class=\"_ _476\"></span>ori<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4f6 y188c w3c4 h36c\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _47e\"></span>le<span class=\"_ _47f\"></span>31<span class=\"_ _480\"></span>.1<span class=\"_ _480\"></span>2.<span class=\"_ _480\"></span>2<span class=\"_ _481\"></span>02<span class=\"_ _482\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4f7 y188c w3c5 h36c\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">Totale<span class=\"_ _484\"></span>31<span class=\"_ _482\"></span>.1<span class=\"_ _482\"></span>2.<span class=\"_ _482\"></span>2<span class=\"_ _485\"></span>02<span class=\"_ _482\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y188d w3c6 h36c\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> Attivit\u00e0 p<span class=\"_ _1\"></span>rop<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span>et\u00e0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4f8 y188d w3c7 h36c\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>09<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4f9 y188d w3c8 h36c\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y188f w3c9 h36c\"><div class=\"t m16 x17f h9f y188e ff2 fs35 fc1 sc0 ls0 ws0\">a<span class=\"_ _1\"></span>) ter<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4fa y188f w3ca h36c\"><div class=\"t m16 x17f h9f y188e ff2 fs35 fc1 sc0 ls0 ws0\">75<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4fb y188f w3ca h36c\"><div class=\"t m16 x17f h9f y188e ff2 fs35 fc1 sc0 ls0 ws0\">75<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1891 w3cb h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">b<span class=\"_ _1\"></span>) f<span class=\"_ _0\"></span>abb<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>ati<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4fc y1891 w3cc h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">345<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4fd y1891 w3ca h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">63<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1892 w3cd h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">c<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span> m<span class=\"_ _3\"></span>obili<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4fe y1892 w3ca h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">54<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ff y1892 w3ca h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>07<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1893 w3ce h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">d<span class=\"_ _1\"></span>) impian<span class=\"_ _1\"></span>ti e<span class=\"_ _3\"></span>let<span class=\"_ _3\"></span>troni<span class=\"_ _1\"></span>ci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x500 y1893 w3cf h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span>47<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x501 y1893 w3d0 h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.467<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1894 w3d1 h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">e<span class=\"_ _3\"></span>) altre<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x502 y1894 w3d2 h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">19<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x503 y1894 w3d2 h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">12<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1895 w3d3 h36d\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> Diri<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ti d<span class=\"_ _3\"></span>'us<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> acqui<span class=\"_ _3\"></span>siti con i<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span> leasin<span class=\"_ _3\"></span>g<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x504 y1895 w3d4 h36d\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">24<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>96<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x505 y1895 w3d5 h36d\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">18<span class=\"_ _0\"></span>.3<span class=\"_ _0\"></span>52<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m16 x506 h9f y1896 ff2 fs35 fc1 sc0 ls0 ws0\">a<span class=\"_ _1\"></span>) ter<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>ni<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1897 w3cb h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">b<span class=\"_ _1\"></span>) f<span class=\"_ _0\"></span>abb<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>ati<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x507 y1897 w3d6 h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">22<span class=\"_ _0\"></span>.29<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x508 y1897 w3d7 h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>7.39<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1898 w3cd h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">c<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span> m<span class=\"_ _3\"></span>obili<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4fe y1898 w3ca h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">36<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x4ff y1898 w3ca h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>25<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1899 w3ce h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">d<span class=\"_ _1\"></span>) impian<span class=\"_ _1\"></span>ti e<span class=\"_ _3\"></span>let<span class=\"_ _3\"></span>troni<span class=\"_ _1\"></span>ci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x500 y1899 w3cf h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x509 y1899 w3cc h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">213<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y189a w3d1 h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">e<span class=\"_ _3\"></span>) altre<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x50a y189a w3cf h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span>85<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x50b y189a w3cc h369\"><div class=\"t m16 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">623<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x50c y16d8 w3d8 h36d\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _3\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x50d y16d8 w3d9 h36d\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">27<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>77<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x50e y16d8 w3d5 h36d\"><div class=\"t m16 x17f h9e y1817 ff3 fs35 fc1 sc0 ls0 ws0\">21<span class=\"_ _0\"></span>.8<span class=\"_ _0\"></span>31<span class=\"_ _4a1\"> </span></div></td></tr></table>La <span class=\"_ _b\"></span>voce <span class=\"_ _b\"></span>\u201c1.<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Attivit\u00e0 <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>pro<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>riet\u00e0\u201d <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>comprende <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _b\"></span>materiali <span class=\"_ _0\"></span>ad <span class=\"_ _5\"></span>uso <span class=\"_ _b\"></span>funzionale <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>propriet\u00e0 <span class=\"_ _b\"></span>del Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o; <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>particolare, <span class=\"_ _0\"></span>la <span class=\"_ _b\"></span>sottovoce <span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>a) <span class=\"_ _0\"></span>terreni\u201d <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>\u201cb) <span class=\"_ _b\"></span>fabbricati\u201d <span class=\"_ _0\"></span>si <span class=\"_ _b\"></span>riferiscono <span class=\"_ _b\"></span>al<span class=\"_ _1\"></span>l\u2019immobile <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>Novar<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> (propriet\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>Anima <span class=\"_ _3\"></span>SGR), per <span class=\"_ _3\"></span>il quale <span class=\"_ _3\"></span>\u00e8 stato <span class=\"_ _3\"></span>scorporato il <span class=\"_ _3\"></span>costo st<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>ic<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>del te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>no (n<span class=\"_ _1\"></span>on sottopo<span class=\"_ _3\"></span>sto<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ad ammortamento)  d<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>q<span class=\"_ _0\"></span>uell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  del <span class=\"_ _211\"> </span>f<span class=\"_ _0\"></span>ab<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>icato <span class=\"_ _211\"> </span>(il <span class=\"_ _211\"> </span>valore  d<span class=\"_ _0\"></span>i  quest\u2019ultimo  \u00e8 <span class=\"_ _211\"> </span>stato <span class=\"_ _211\"> </span>adeguato  al <span class=\"_ _211\"> </span>fair <span class=\"_ _211\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> determinato  con  ri<span class=\"_ _1\"></span>ferimento  al  prezz<span class=\"_ _1\"></span>o  concertato  di  possibile  ve<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dita).  La  s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>tto<span class=\"_ _1\"></span>voce  \u201cd)  impianti elettronici\u201d <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>composta <span class=\"_ _b\"></span>prevalentemente <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>impianti <span class=\"_ _b\"></span>elettronici <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>elettromeccanici <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>hardware informatici. La voce \u201c2. Diritti d\u2019uso a<span class=\"_ _1\"></span>cquisiti con il leasing\u201d ri<span class=\"_ _1\"></span>comprende i diritti d\u2019uso acqu<span class=\"_ _1\"></span>isiti tramite con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atti di loc<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _0\"></span>(principal<span class=\"_ _1\"></span>mente <span class=\"_ _0\"></span>correlati <span class=\"_ _b\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _0\"></span>uffici) <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>noleggio <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>aut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>azien<span class=\"_ _1\"></span>dali <span class=\"_ _0\"></span>concesse <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>uso<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>prom<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>scuo <span class=\"_ _0\"></span>a taluni dipendenti e har<span class=\"_ _1\"></span>dware) rientrant<span class=\"_ _1\"></span>i nel campo <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i app<span class=\"_ _1\"></span>licazione del prin<span class=\"_ _1\"></span>cipio contabile IFRS <span class=\"_ _1\"></span>16.  Si <span class=\"_ _e\"> </span>evidenzia <span class=\"_ _d\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>la <span class=\"_ _d\"> </span>var<span class=\"_ _0\"></span>iazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>aumento <span class=\"_ _d\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>la <span class=\"_ _e\"> </span>voce <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>ispetto <span class=\"_ _e\"> </span>a<span class=\"_ _3\"></span>l <span class=\"_ _19\"> </span>precede<span class=\"_ _1\"></span>nte <span class=\"_ _e\"> </span>esercizio <span class=\"_ _d\"> </span>deriva principalmente <span class=\"_ _0\"></span>(i<span class=\"_ _0\"></span>) <span class=\"_ _0\"></span>dai <span class=\"_ _b\"></span>contratti <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>locazione <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>Kairos <span class=\"_ _b\"></span>SGR <span class=\"_ _b\"></span>relativi <span class=\"_ _b\"></span>alle <span class=\"_ _b\"></span>sedi <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>Milano, <span class=\"_ _b\"></span>Roma <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>Torino pari <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _b\"></span>Euro <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>3 <span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>lion<span class=\"_ _1\"></span>i, <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lt<span class=\"_ _1\"></span>re <span class=\"_ _b\"></span>ai <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atti <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>lo<span class=\"_ _1\"></span>cazione <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>auto <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>altri<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>beni <span class=\"_ _b\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rca <span class=\"_ _b\"></span>Euro <span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>7 milioni <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(<span class=\"_ _1\"></span>ii) <span class=\"_ _0\"></span>i contr<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>di locazione <span class=\"_ _0\"></span>di Vita <span class=\"_ _0\"></span>Srl, r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i agli <span class=\"_ _0\"></span>immobili strumentali <span class=\"_ _0\"></span>all<span class=\"_ _1\"></span>\u2019attivit\u00e0 <span class=\"_ _0\"></span>svolta d<span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> controllata <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>dir<span class=\"_ _0\"></span>etta<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>(siti <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>oma, <span class=\"_ _b\"></span>Gressoney <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>Ponte <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>Legno <span class=\"_ _5\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>5<span class=\"_ _0\"></span>,6 <span class=\"_ _b\"></span>milioni, <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span>ltre <span class=\"_ _5\"></span>ai<span class=\"_ _1\"></span> contratti di locazi<span class=\"_ _1\"></span>one degli arredi de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li immobi<span class=\"_ _1\"></span>li di Roma e Gres<span class=\"_ _1\"></span>soney pe<span class=\"_ _1\"></span>r circa Euro 0,3 mili<span class=\"_ _1\"></span>oni. Le <span class=\"_ _5\"></span>ulteriori <span class=\"_ _b\"></span>informazioni <span class=\"_ _b\"></span>previste <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>principio <span class=\"_ _b\"></span>contabile <span class=\"_ _b\"></span>IFR<span class=\"_ _0\"></span>S<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>16 <span class=\"_ _5\"></span>sono <span class=\"_ _b\"></span>fornite <span class=\"_ _b\"></span>nella <span class=\"_ _5\"></span>\u201cPa<span class=\"_ _1\"></span>rte <span class=\"_ _5\"></span>D <span class=\"_ _5\"></span>\u2013 <span class=\"_ _b\"></span>Altre Informazioni <span class=\"_ _1\"></span>\u2013 Sez<span class=\"_ _1\"></span>ione 7 <span class=\"_ _1\"></span>\u2013 I<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>forma<span class=\"_ _1\"></span>tiva su<span class=\"_ _1\"></span>l leasin<span class=\"_ _1\"></span>g\u201d della <span class=\"_ _3\"></span>presen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>Nota inte<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>rati<span class=\"_ _1\"></span>va Cons<span class=\"_ _1\"></span>olidata <span class=\"_ _3\"></span>a cui si rimanda per detta<span class=\"_ _1\"></span>glio.<span class=\"_ _4a1\"> </span>8.5 Attivit\u00e0 materiali<span class=\"_ _1\"></span> ad uso funzionale: vari<span class=\"_ _1\"></span>azioni annue<span class=\"_ _3\"></span><span class=\"ff3 fsb\"> </span><table class=\"s w3da h37e\" id=\"_af46b747-f6d6-4acb-82d9-ac38c13227c7\"><tr><td></td><td class=\"c n x50f y189c w3db h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">Ter<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>eni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x510 y189c w3dc h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">Fabb<span class=\"_ _3\"></span>ricati<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x511 y189c w3dd h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">Mobi<span class=\"_ _1\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x512 y189c w3de h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">Impia<span class=\"_ _1\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x513 y189c w3df h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">Altr<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x514 y189c w3e0 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">Totale<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"c n x515 y189d w3e1 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">elett<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>ic<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x516 y189d w3e2 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y189e w3e3 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">A.<span class=\"_ _15e\"> </span>E<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>stenze iniz<span class=\"_ _3\"></span>ia<span class=\"_ _3\"></span>li lo<span class=\"_ _1\"></span>rd<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x517 y189e w3e4 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">755<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x518 y189e w3e5 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">23.4<span class=\"_ _0\"></span>80<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x519 y189e w3e6 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x51a y189e w3e7 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">8.<span class=\"_ _0\"></span>056<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x51b y189e w3e8 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>562<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x51c y189e w3e9 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">37.<span class=\"_ _0\"></span>13<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18a0 w3ea h37f\"><div class=\"t m20 x17f ha2 y189f ff2 fs36 fc1 sc0 ls0 ws0\">A.1<span class=\"_ _d\"> </span>Riduzion<span class=\"_ _1\"></span>i di valore<span class=\"_ _3\"></span> tot<span class=\"_ _1\"></span>ali net<span class=\"_ _3\"></span>te<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x51e y18a0 w3eb h37f\"><div class=\"t m20 x17f ha2 y189f ff2 fs36 fc1 sc0 ls0 ws0\">(5.45<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x51f y18a0 w3ec h37f\"><div class=\"t m20 x17f ha2 y189f ff2 fs36 fc1 sc0 ls0 ws0\">(1.55<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x520 y18a0 w3eb h37f\"><div class=\"t m20 x17f ha2 y189f ff2 fs36 fc1 sc0 ls0 ws0\">(6.376<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x521 y18a0 w3eb h37f\"><div class=\"t m20 x17f ha2 y189f ff2 fs36 fc1 sc0 ls0 ws0\">(1.92<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x522 y18a0 w3ed h37f\"><div class=\"t m20 x17f ha2 y189f ff2 fs36 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>15.30<span class=\"_ _0\"></span>4)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18a1 w3ee h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">A.<span class=\"_ _0\"></span>2<span class=\"_ _16\"> </span>Esistenze ini<span class=\"_ _3\"></span>zia<span class=\"_ _3\"></span>li nette<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x523 y18a1 w3ef h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">75<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x524 y18a1 w3e9 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x525 y18a1 w3f0 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">731<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x526 y18a1 w3e6 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>68<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x527 y18a1 w3f1 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>35<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x528 y18a1 w3e9 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">21<span class=\"_ _0\"></span>.8<span class=\"_ _0\"></span>31<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1739 w3f2 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">B.<span class=\"_ _10d\"> </span>Au<span class=\"_ _3\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x529 y1739 w3f3 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">15.<span class=\"_ _0\"></span>89<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x52a y1739 w3f4 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>705<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x52b y1739 w3e6 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x52c y1739 w3e7 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>719<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x52d y1739 w3e9 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">27<span class=\"_ _0\"></span>.3<span class=\"_ _0\"></span>06<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18a3 w3f5 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">B.1.<span class=\"_ _211\"> </span>A<span class=\"_ _0\"></span>cq<span class=\"_ _1\"></span>uisti<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x52e y18a3 w3f6 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">1.35<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x52f y18a3 w3f7 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">56<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x530 y18a3 w3f8 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.320<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x531 y18a3 w3e4 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">656<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x532 y18a3 w3f8 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">3.38<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18a4 w3f9 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">B.7<span class=\"_ _e\"> </span>Altre<span class=\"_ _1\"></span> variazi<span class=\"_ _1\"></span>oni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x533 y18a4 w3fa h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">14<span class=\"_ _0\"></span>.548<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x534 y18a4 w3f8 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.649<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x535 y18a4 w3fb h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">4.6<span class=\"_ _0\"></span>62<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x536 y18a4 w3fc h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.063<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x537 y18a4 w3fd h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>3.921<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18a5 w3fe h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>.<span class=\"_ _10d\"> </span>Dimi<span class=\"_ _1\"></span>nu<span class=\"_ _3\"></span>zion<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x538 y18a5 w3ff h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">(11.<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>8)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x539 y18a5 w400 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>53<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x53a y18a5 w400 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">(5.<span class=\"_ _0\"></span>39<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x53b y18a5 w401 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>50<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x53c y18a5 w3ff h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">(21<span class=\"_ _0\"></span>.3<span class=\"_ _0\"></span>60)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18a6 w402 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">C.1<span class=\"_ _d\"> </span>V<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>di<span class=\"_ _3\"></span>te<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x53d y18a6 w3eb h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(1.48<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x53e y18a6 w403 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(24<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x53f y18a6 w403 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(85<span class=\"_ _0\"></span>5)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x540 y18a6 w404 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(2.5<span class=\"_ _0\"></span>84<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18a7 w405 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">C.2<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>mortam<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x541 y18a7 w406 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x542 y18a7 w3eb h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(4.09<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x543 y18a7 w407 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(29<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x544 y18a7 w403 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(95<span class=\"_ _0\"></span>5)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x545 y18a7 w408 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(5<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x546 y18a7 w404 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(5.8<span class=\"_ _0\"></span>89<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18a8 w409 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">C.7<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>lt<span class=\"_ _1\"></span>re<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>var<span class=\"_ _1\"></span>iazio<span class=\"_ _1\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x547 y18a8 w3eb h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(5.71<span class=\"_ _0\"></span>4)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x548 y18a8 w3eb h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(2.23<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x549 y18a8 w3eb h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(4.190<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x54a y18a8 w40a h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(7<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x54b y18a8 w40b h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(12.8<span class=\"_ _0\"></span>87)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18a9 w40c h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">D.<span class=\"_ _109\"> </span>Ri<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>enze fina<span class=\"_ _1\"></span>li<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>ett<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x54c y18a9 w40d h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>55<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x54d y18a9 w3f3 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">22.<span class=\"_ _0\"></span>64<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x54e y18a9 w40e h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">904<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x54f y18a9 w3e8 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>271<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x550 y18a9 w3e7 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>205<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x551 y18a9 w40f h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">27.<span class=\"_ _0\"></span>77<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18aa w410 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">D.1<span class=\"_ _1f\"> </span>Riduzion<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>  di v<span class=\"_ _1\"></span>alore t<span class=\"_ _3\"></span>otali ne<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x552 y18aa w40b h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(14.06<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x553 y18aa w3eb h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(4.08<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x554 y18aa w411 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(11<span class=\"_ _0\"></span>.261<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x555 y18aa w404 h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>.499<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x556 y18aa w40b h37f\"><div class=\"t m20 x17f ha2 y18a2 ff2 fs36 fc1 sc0 ls0 ws0\">(31.9<span class=\"_ _0\"></span>04)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x51d y18ab w412 h344\"><div class=\"t m20 x17f ha1 y189b ff2 fs36 fc1 sc0 ls0 ws0\">D.2<span class=\"_ _1f\"> </span><span class=\"ff3\">Rima<span class=\"_ _1\"></span>nenz<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> fin<span class=\"_ _3\"></span>ali<span class=\"_ _1\"></span> lo<span class=\"_ _1\"></span>rde<span class=\"_ _4a1\"> </span></span></div></td><td class=\"c n x557 y18ab w3ef h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>55<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x558 y18ab w3f3 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">36<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>03<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x559 y18ab w413 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x55a y18ab w3e5 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">13.<span class=\"_ _0\"></span>532<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x55b y18ab w3e6 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>03<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x55c y18ab w3e9 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">59<span class=\"_ _0\"></span>.6<span class=\"_ _0\"></span>80<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w414 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">E.<span class=\"_ _c2\"> </span>Valu<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>az<span class=\"_ _3\"></span>ion<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>l c<span class=\"_ _0\"></span>osto<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x55d y16d8 w3e4 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">755<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x55e y16d8 w3e9 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">22.<span class=\"_ _0\"></span>64<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x55f y16d8 w3e4 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">904<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x560 y16d8 w3e8 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>271<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x561 y16d8 w3e8 h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>205<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x562 y16d8 w40f h344\"><div class=\"t m20 x17f ha1 y189b ff3 fs36 fc1 sc0 ls0 ws0\">27.<span class=\"_ _0\"></span>77<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-510": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs599\">Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 9 \u2013 Attivit\u00e0 immateriali \u2013 Voce 90 </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs59a\">9.1 Attivit\u00e0 immateri<span class=\"_ _1\"></span>ali: composizion<span class=\"_ _1\"></span>e per tipologia di<span class=\"_ _1\"></span> attivit\u00e0<span class=\"_ _1\"></span> </div><div class=\"gs59b\"><table class=\"s w415 h380\" id=\"_a9db71d2-cb12-4b8e-821c-62787f1d5927\"><tr><td></td><td class=\"c n x563 y18ad w416 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Total<span class=\"_ _0\"></span>e 31.12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x564 y18ad w417 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.<span class=\"_ _0\"></span>2023<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x231 y18ae w418 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Att<span class=\"_ _0\"></span>ivit\u00e0<span class=\"_ _0\"></span> valutat<span class=\"_ _0\"></span>e al costo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x565 y18ae w419 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Atti<span class=\"_ _0\"></span>vit\u00e0 valu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate al fair val<span class=\"_ _0\"></span>ue<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x566 y18ae w41a h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Att<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t\u00e0 valu<span class=\"_ _0\"></span>tate al cost<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x567 y18ae w41b h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">At<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit\u00e0 valut<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> fair value<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1783 w41c h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">1. Avviamento<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x568 y1783 w41d h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">1.168<span class=\"_ _0\"></span>.200<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x569 y1783 w41e h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">1.165<span class=\"_ _0\"></span>.022<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y16e4 w41f h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">2. Alt<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>e att<span class=\"_ _0\"></span>ivit<span class=\"_ _0\"></span>\u00e0 immaterial<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x56a y16e4 w420 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">387.985<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x56b y16e4 w421 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x56c y16e4 w422 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">428<span class=\"_ _0\"></span>.651<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x56d y16e4 w423 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18b0 w424 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span> G<span class=\"_ _3\"></span>enerate i<span class=\"_ _3\"></span>nternamente<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x56e y18b0 w425 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x56f y18b0 w426 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18b1 w427 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _0\"></span> A<span class=\"_ _1\"></span>ltre<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x570 y18b1 w428 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>87.98<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x571 y18b1 w429 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">428.<span class=\"_ _0\"></span>651<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18b2 w42a h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">di cu<span class=\"_ _3\"></span>i so<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>wa<span class=\"_ _0\"></span>re <span class=\"_ _1\"></span>e altre<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x572 y18b2 w42b h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">5.296<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x573 y18b2 w42c h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>379<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18b3 w42d h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">di cu<span class=\"_ _3\"></span>i in<span class=\"_ _3\"></span>tangibili<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x574 y18b3 w429 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">382<span class=\"_ _0\"></span>.689<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x575 y18b3 w429 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">423.<span class=\"_ _0\"></span>272<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x576 y16d8 w42e h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x577 y16d8 w42f h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">1.556.18<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x578 y16d8 w41e h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">1.593<span class=\"_ _0\"></span>.673<span class=\"_ _4a1\"> </span></div></td><td></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs59c\">Nel <span class=\"_ _b\"></span>prospetto <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>segue <span class=\"_ _b\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>riepilogata<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>la <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>osizione <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _0\"></span>immateriali <span class=\"_ _0\"></span>iscri<span class=\"_ _0\"></span>tte <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>presente </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs59d\">Bilancio consolidato <span class=\"_ _1\"></span>del Gruppo:<span class=\"_ _1\"></span> </div><table class=\"s w430 h381\" id=\"_65f16551-912b-41b8-a112-a0b5d886cdb9\"><tr><td></td><td class=\"c n x579 y18b5 w431 h355\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57a y18b5 w431 h355\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18b7 w432 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to da PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span>x G<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ielle<span class=\"_ _1\"></span> S<span class=\"_ _0\"></span>g<span class=\"_ _3\"></span>r<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57b y18b7 w433 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">42<span class=\"_ _0\"></span>1.95<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57c y18b7 w434 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">421<span class=\"_ _0\"></span>.951<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18b8 w435 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to da PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span>x Prim<span class=\"_ _1\"></span>a S<span class=\"_ _0\"></span>gr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57d y18b8 w436 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">30<span class=\"_ _0\"></span>4.73<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57e y18b8 w434 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">304<span class=\"_ _0\"></span>.736<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18b9 w437 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to da PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> Anima Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57f y18b9 w433 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>6.73<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x580 y18b9 w438 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">316<span class=\"_ _0\"></span>.738<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18ba w439 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to da PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> Compe<span class=\"_ _3\"></span>ndio Scisso <span class=\"_ _0\"></span>BP<span class=\"_ _1\"></span>F<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x581 y18ba w43a h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">44.3<span class=\"_ _0\"></span>27<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x582 y18ba w43b h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.327<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18bb w43c h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> e<span class=\"_ _1\"></span>x Aperta SGR <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> ex Lussemb<span class=\"_ _1\"></span>urg<span class=\"_ _1\"></span>o Gestion<span class=\"_ _3\"></span>i S<span class=\"_ _0\"></span>A<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x583 y18bb w43d h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">17.7<span class=\"_ _0\"></span>11<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x584 y18bb w43e h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>.711<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18bc w43f h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to da PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> Caste<span class=\"_ _1\"></span>llo<span class=\"_ _1\"></span> S<span class=\"_ _0\"></span>gr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x585 y18bc w43d h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">59.9<span class=\"_ _0\"></span>44<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x586 y18bc w440 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.559<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18bd w441 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to prov<span class=\"_ _1\"></span>visorio Vita<span class=\"_ _1\"></span> S<span class=\"_ _0\"></span>.r.l<span class=\"_ _1\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x587 y18bd w442 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">2.79<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18be w443 h355\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">TOTALE<span class=\"_ _1\"></span> AVVI<span class=\"_ _3\"></span>AMENTO CONSOL<span class=\"_ _1\"></span>IDATO<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x588 y18be w444 h355\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>16<span class=\"_ _0\"></span>8.2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x589 y18be w445 h355\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>165<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>022<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m2 x2ed ha5 y18bf ff3 fs38 fc1 sc0 ls0 ws0\">ALT<span class=\"_ _1\"></span>RE ATTIVI<span class=\"_ _3\"></span>TA' <span class=\"_ _0\"></span>I<span class=\"_ _1\"></span>MM<span class=\"_ _0\"></span>ATE<span class=\"_ _3\"></span>RALI<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr></table><table class=\"s w446 h382\" id=\"_aa2ceb8a-0556-4db4-997e-bef5de304e99\"><tr><td class=\"t m2 x2ed ha5 y18c0 ff3 fs38 fc1 sc0 ls0 ws0\">Int<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y18c2 w447 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">Inta<span class=\"_ _3\"></span>ngibil<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>PPA Anima<span class=\"_ _1\"></span> S<span class=\"_ _0\"></span>gr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58a y18c2 w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">11<span class=\"_ _0\"></span>2.12<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58b y18c2 w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">11<span class=\"_ _0\"></span>2.1<span class=\"_ _0\"></span>21<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x58c y18c4 w448 h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">-  di c<span class=\"_ _0\"></span>ui Intan<span class=\"_ _0\"></span>gib<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li bilanc<span class=\"_ _0\"></span>io Anim<span class=\"_ _0\"></span>a Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58d y18c4 w449 h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">17<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _0\"></span>45<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58e y18c4 w44a h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>7.7<span class=\"_ _0\"></span>45<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18c5 w44b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>i e ret<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>iche<span class=\"_ _3\"></span> di valo<span class=\"_ _3\"></span>re ese<span class=\"_ _3\"></span>rcizi pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58f y18c5 w44c h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(9<span class=\"_ _0\"></span>7.736<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x590 y18c5 w44d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(97<span class=\"_ _0\"></span>.203<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18c6 w44e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o e ret<span class=\"_ _3\"></span>tifiche<span class=\"_ _3\"></span> di valore<span class=\"_ _3\"></span> eserc<span class=\"_ _3\"></span>izio corre<span class=\"_ _3\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x591 y18c6 w44f h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(5<span class=\"_ _0\"></span>33<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x592 y18c6 w450 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(5<span class=\"_ _0\"></span>33)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18c7 w451 h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore Residu<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ntang<span class=\"_ _3\"></span>ib<span class=\"_ _3\"></span>ili<span class=\"_ _1\"></span> PP<span class=\"_ _0\"></span>A An<span class=\"_ _3\"></span>ima S<span class=\"_ _0\"></span>g<span class=\"_ _3\"></span>r<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x593 y18c7 w452 h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">13.<span class=\"_ _0\"></span>85<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x594 y18c7 w453 h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>4.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>85<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18c8 w454 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">Inta<span class=\"_ _3\"></span>ngibil<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>PPA e<span class=\"_ _1\"></span>x G<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>stie<span class=\"_ _3\"></span>lle Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x595 y18c8 w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>80.3<span class=\"_ _0\"></span>41<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x596 y18c8 w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">38<span class=\"_ _0\"></span>0.3<span class=\"_ _0\"></span>41<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18c9 w44b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>i e ret<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>iche<span class=\"_ _3\"></span> di valo<span class=\"_ _3\"></span>re ese<span class=\"_ _3\"></span>rcizi pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x597 y18c9 w455 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>52.1<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x598 y18c9 w456 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(126<span class=\"_ _0\"></span>.780<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18ca w44e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o e ret<span class=\"_ _3\"></span>tifiche<span class=\"_ _3\"></span> di valore<span class=\"_ _3\"></span> eserc<span class=\"_ _3\"></span>izio corre<span class=\"_ _3\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x599 y18ca w457 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>5.35<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59a y18ca w458 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(25<span class=\"_ _0\"></span>.356<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18cb w459 h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore Residu<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ntang<span class=\"_ _3\"></span>ib<span class=\"_ _3\"></span>ili<span class=\"_ _1\"></span> PP<span class=\"_ _0\"></span>A e<span class=\"_ _0\"></span>x G<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>le S<span class=\"_ _0\"></span>g<span class=\"_ _3\"></span>r<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59b y18cb w45a h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>02.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>49<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59c y18cb w45b h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">228<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>205<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18cc w45c h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">Inta<span class=\"_ _3\"></span>ngibil<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>PPA Compe<span class=\"_ _3\"></span>ndio Sciss<span class=\"_ _0\"></span>o BPF<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59d y18cc w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>6.87<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59e y18cc w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>6.8<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18cd w44b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>i e ret<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>iche<span class=\"_ _3\"></span> di valo<span class=\"_ _3\"></span>re ese<span class=\"_ _3\"></span>rcizi pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58f y18cd w44c h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(3<span class=\"_ _0\"></span>6.808<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x590 y18cd w44d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(29<span class=\"_ _0\"></span>.689<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18ce w44e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o e ret<span class=\"_ _3\"></span>tifiche<span class=\"_ _3\"></span> di valore<span class=\"_ _3\"></span> eserc<span class=\"_ _3\"></span>izio corre<span class=\"_ _3\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59f y18ce w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(7.1<span class=\"_ _0\"></span>39<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a0 y18ce w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(7<span class=\"_ _0\"></span>.119<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d0 w45e h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore Residu<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ntang<span class=\"_ _3\"></span>ib<span class=\"_ _3\"></span>ili<span class=\"_ _1\"></span> PP<span class=\"_ _0\"></span>A Co<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>pen<span class=\"_ _3\"></span>dio<span class=\"_ _1\"></span> S<span class=\"_ _0\"></span>ci<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>o BPF<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a1 y18d0 w45f h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">62.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>28<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a2 y18d0 w460 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>067<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d1 w461 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">Inta<span class=\"_ _3\"></span>ngibil<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>PPA Cas<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ello Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a3 y18d1 w43a h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">11.2<span class=\"_ _0\"></span>72<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a4 y18d1 w43e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.422<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x58c y18d2 w462 h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">-  di c<span class=\"_ _0\"></span>ui Intan<span class=\"_ _0\"></span>gib<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li bilanc<span class=\"_ _0\"></span>io Castell<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a5 y18d2 w463 h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">2.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a6 y18d2 w464 h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _0\"></span>79<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d3 w44b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>i e ret<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>iche<span class=\"_ _3\"></span> di valo<span class=\"_ _3\"></span>re ese<span class=\"_ _3\"></span>rcizi pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a7 y18d3 w465 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(1.22<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18d4 w44e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o e ret<span class=\"_ _3\"></span>tifiche<span class=\"_ _3\"></span> di valore<span class=\"_ _3\"></span> eserc<span class=\"_ _3\"></span>izio corre<span class=\"_ _3\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59f y18d4 w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(2.7<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a0 y18d4 w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>.220<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d5 w466 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore Residu<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ntang<span class=\"_ _3\"></span>ib<span class=\"_ _3\"></span>ili<span class=\"_ _1\"></span> PP<span class=\"_ _0\"></span>A Ca<span class=\"_ _3\"></span>st<span class=\"_ _0\"></span>ello<span class=\"_ _1\"></span> Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a8 y18d5 w467 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _0\"></span>41<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a9 y18d5 w460 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>201<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d6 w468 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _1\"></span>le Inta<span class=\"_ _3\"></span>ngib<span class=\"_ _3\"></span>il<span class=\"_ _3\"></span>i c<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>soli<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> da PPA<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5aa y18d6 w469 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>6.<span class=\"_ _0\"></span>96<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ab y18d6 w469 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">32<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.8<span class=\"_ _0\"></span>58<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d7 w46a h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">Inta<span class=\"_ _3\"></span>ngibil<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>riferi<span class=\"_ _3\"></span>ti ai M<span class=\"_ _3\"></span>andati<span class=\"_ _1\"></span> di G<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>tione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ac y18d7 w46b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>8.750<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ad y18d7 w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.519<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d8 w44b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>i e ret<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>iche<span class=\"_ _3\"></span> di valo<span class=\"_ _3\"></span>re ese<span class=\"_ _3\"></span>rcizi pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58f y18d8 w44c h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(3<span class=\"_ _0\"></span>8.105<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x590 y18d8 w44d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(31<span class=\"_ _0\"></span>.187<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d9 w44e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o e ret<span class=\"_ _3\"></span>tifiche<span class=\"_ _3\"></span> di valore<span class=\"_ _3\"></span> eserc<span class=\"_ _3\"></span>izio corre<span class=\"_ _3\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59f y18d9 w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(6.9<span class=\"_ _0\"></span>41<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a0 y18d9 w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>.918<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18da w46c h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore Residu<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ntang<span class=\"_ _3\"></span>ib<span class=\"_ _3\"></span>ili<span class=\"_ _1\"></span> ri<span class=\"_ _3\"></span>fe<span class=\"_ _0\"></span>riti<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>i Man<span class=\"_ _3\"></span>dati di<span class=\"_ _3\"></span> Gest<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>one<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ae y18da w453 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>70<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c x5af y18db w2c h5b\"><div class=\"t m2 x3b ha5 y46b ff3 fs38 fc1 sc0 ls0 ws0\">100<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>414<span class=\"_ _0\"></span> </div></td></tr><tr><td class=\"c n x1a9 y18dc w46d h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">M<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rchio K<span class=\"_ _1\"></span>ai<span class=\"_ _3\"></span>ros SGR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b0 y18dc w46e h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>96<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18dd w46f h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">M<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rchio V<span class=\"_ _3\"></span>ita srl<span class=\"_ _1\"></span> (Hall<span class=\"_ _3\"></span>di<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b1 y18dd w470 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">53<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18de w471 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _1\"></span>le Inta<span class=\"_ _3\"></span>ngib<span class=\"_ _3\"></span>il<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57f y18de w469 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">38<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>68<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b2 y18de w469 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">42<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>72<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16e4 w472 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Alt<span class=\"_ _1\"></span>re att<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>t\u00e0 immateri<span class=\"_ _1\"></span>al<span class=\"_ _3\"></span>i c<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>nsoli<span class=\"_ _1\"></span>d<span class=\"_ _3\"></span>ate<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b3 y16e4 w473 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>29<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b4 y16e4 w473 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>379<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d6 w474 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">TOTALE<span class=\"_ _1\"></span> AL<span class=\"_ _1\"></span>TRE<span class=\"_ _1\"></span> ATT<span class=\"_ _0\"></span>I<span class=\"_ _3\"></span>VITA' IMM<span class=\"_ _0\"></span>ATE<span class=\"_ _1\"></span>RIA<span class=\"_ _3\"></span>LI<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b5 y16d6 w475 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">38<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b6 y16d6 w469 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">42<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>51<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w476 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">TOTALE<span class=\"_ _1\"></span> ATTIV<span class=\"_ _3\"></span>ITA'<span class=\"_ _0\"></span> IMMATERIA<span class=\"_ _3\"></span>LI CON<span class=\"_ _3\"></span>S<span class=\"_ _0\"></span>OLI<span class=\"_ _3\"></span>DAT<span class=\"_ _0\"></span>E<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b7 y16d8 w444 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>56.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>85<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b8 y16d8 w477 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>593<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>673<span class=\"_ _4a1\"> </span></div></td></tr></table>Le <span class=\"_ _21\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1c\"> </span>immateriali <span class=\"_ _1c\"> </span>a <span class=\"_ _1c\"> </span>v<span class=\"_ _0\"></span>ita<span class=\"_ _3\"></span> <span class=\"_ _21\"> </span>utile <span class=\"_ _1c\"> </span>indefinita,<span class=\"_ _1\"></span> <span class=\"_ _21\"> </span>rappresentate<span class=\"_ _3\"></span> <span class=\"_ _21\"> </span>dagli <span class=\"_ _1c\"> </span>avviamenti, <span class=\"_ _1c\"> </span>ammontano com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te  a  Euro <span class=\"_ _211\"> </span>1.168,2  mi<span class=\"_ _0\"></span>lion<span class=\"_ _1\"></span>i.  L<span class=\"_ _0\"></span>\u2019i<span class=\"_ _1\"></span>ncremento  di<span class=\"_ _0\"></span>  circa  Euro <span class=\"_ _211\"> </span>3,2 <span class=\"_ _211\"> </span>milioni  r<span class=\"_ _0\"></span>ispetto<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>alla <span class=\"_ _211\"> </span>31 dicembre  2023 <span class=\"_ _211\"> </span>\u00e8  stato <span class=\"_ _211\"> </span>determinato<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>dalla  rilevazione  di <span class=\"_ _211\"> </span>(i)  un <span class=\"_ _211\"> </span>avviamento  provvisorio<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span>relativo  al<span class=\"_ _4a1\"> </span><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs391\">conferimento del <span class=\"_ _1\"></span>ramo d\u2019azienda effettuata i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> data <span class=\"_ _3\"></span>6 ag<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>sto 2024 in Vita Srl pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> cir<span class=\"_ _1\"></span>ca Euro 2,8 milion<span class=\"_ _1\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs392\">(per <span class=\"_ _16\"> </span>ulteriori <span class=\"_ _16\"> </span>dettagli <span class=\"_ _16\"> </span>si <span class=\"_ _16\"> </span>rimanda <span class=\"_ _16\"> </span>al <span class=\"_ _16\"> </span>paragrafo <span class=\"_ _16\"> </span>\u201cPa<span class=\"_ _1\"></span>rte <span class=\"_ _16\"> </span>A <span class=\"_ _1f\"> </span>\u2013 <span class=\"_ _16\"> </span>Politiche <span class=\"_ _16\"> </span>contabili, <span class=\"_ _16\"> </span>Altre <span class=\"_ _16\"> </span>informa<span class=\"_ _1\"></span>zioni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs393\">\u201cOperazione <span class=\"_ _0\"></span>di conferiment<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>ramo aziend<span class=\"_ _0\"></span>a in <span class=\"_ _0\"></span>Vita S<span class=\"_ _1\"></span>rl\u201d <span class=\"_ _0\"></span>della pr<span class=\"_ _0\"></span>esente Nota In<span class=\"_ _0\"></span>teg<span class=\"_ _1\"></span>rativa c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nsolidata) <span class=\"_ _0\"></span>e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs394\">(ii) un aggiusta<span class=\"_ _1\"></span>mento del prezzo<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>acquis<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>ne di C<span class=\"_ _1\"></span>astello SGR, par<span class=\"_ _1\"></span>i a circa <span class=\"_ _1\"></span>Euro 0,4 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni, <span class=\"_ _1\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ato il<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs395\">29 febbraio 2024, a seg<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> del ve<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ificarsi di eve<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>che hanno reso ce<span class=\"_ _1\"></span>rta la sua rilevazio<span class=\"_ _1\"></span>ne.<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs397\">Le attivit\u00e0 intan<span class=\"_ _1\"></span>gibili a vita utile de<span class=\"_ _1\"></span>finita sono pri<span class=\"_ _1\"></span>ncipalmente costituite da: </div><div class=\"t m1 h4 ff1e fs2 fc1 sc0 ls0 ws0 gs5a5\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">rapporti  c<span class=\"_ _1\"></span>ontr<span class=\"_ _0\"></span>att<span class=\"_ _3\"></span>uali,  valorizzati  in  sede<span class=\"_ _3\"></span>  d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>  <span class=\"ff5\">Purch<span class=\"_ _1\"></span>ase  Price  Allocation<span class=\"_ _1\"></span><span class=\"ff2\">  (\u201cPPA\u201d)<span class=\"_ _1\"></span>  di  Anima  SG<span class=\"_ _3\"></span>R<span class=\"_ _4a1\"> </span></span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ce\">avvenuta <span class=\"_ _1c\"> </span>nel <span class=\"_ _1c\"> </span>201<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>, <span class=\"_ _1d\"> </span>nei <span class=\"_ _1c\"> </span>quali <span class=\"_ _1c\"> </span>si <span class=\"_ _1c\"> </span>sostanzia<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _1d\"> </span>la <span class=\"_ _1c\"> </span>relazione <span class=\"_ _1d\"> </span>con <span class=\"_ _1c\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _1d\"> </span>clientela <span class=\"_ _1c\"> </span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uista<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5a6\">(completamente <span class=\"_ _211\"> </span>ammortizza<span class=\"_ _1\"></span>ta) <span class=\"_ _211\"> </span>ed <span class=\"_ _211\"> </span>i<span class=\"_ _0\"></span>l  m<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>chi<span class=\"_ _0\"></span>o  \u201cAnima\u201d, <span class=\"_ _211\"> </span>qu<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>\u2019u<span class=\"_ _0\"></span>lt<span class=\"_ _1\"></span>imo <span class=\"_ _211\"> </span>iscritto <span class=\"_ _c\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  un <span class=\"_ _c\"> </span>valore </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs39c\">residuo <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>cir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _f\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9 <span class=\"_ _f\"> </span>mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>vi<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>le <span class=\"_ _5\"></span>stimata <span class=\"_ _f\"></span>definita <span class=\"_ _5\"></span>su<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>durata <span class=\"_ _6\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs39d\">Anima <span class=\"_ _0\"></span>SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> come pr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ist<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> dallo statuto; <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>l valore di<span class=\"_ _0\"></span> tale intangibile era <span class=\"_ _0\"></span>stato<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uantificato <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ulla </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs39e\">base  dei  costi  di<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>pubblicit\u00e0  sosten<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ti  dalla  s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet<span class=\"_ _1\"></span>\u00e0  nei  7  anni  precedenti<span class=\"_ _1\"></span>  all\u2019acquisizio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e  e<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5a7\">riv<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tat<span class=\"_ _1\"></span>i ad un tasso de<span class=\"_ _1\"></span>l 2%;<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff1e fs2 fc1 sc0 ls0 ws0 gs5a8\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">rapporti <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntrattuali, <span class=\"_ _0\"></span>valorizzati <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>sede <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>PPA <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>ffettuata <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>lla <span class=\"_ _b\"></span>ex <span class=\"_ _0\"></span>Aletti <span class=\"_ _b\"></span>Gest<span class=\"_ _1\"></span>ielle <span class=\"_ _b\"></span>SGR <span class=\"_ _b\"></span>S.p.A.<span class=\"_ _3\"></span> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a2\">(\u201cGestielle SG<span class=\"_ _1\"></span>R\u201d \u2013 societ\u00e0 p<span class=\"_ _1\"></span>oi incorporata in An<span class=\"_ _1\"></span>ima SGR), nei <span class=\"_ _1\"></span>quali si sostanz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>a la re<span class=\"_ _1\"></span>lazione con </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a3\">la <span class=\"_ _b\"></span>clientela <span class=\"_ _b\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisita <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>valo<span class=\"_ _1\"></span>re <span class=\"_ _b\"></span>residuo <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>202,8 <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ilioni; <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>particolare<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>tenuto <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a4\">delle <span class=\"_ _1f\"> </span>specificit\u00e0 <span class=\"_ _16\"> </span>delle <span class=\"_ _1f\"> </span>acquisizi<span class=\"_ _1\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>esame <span class=\"_ _1f\"> </span>e <span class=\"_ _16\"> </span>della <span class=\"_ _16\"> </span>prassi <span class=\"_ _1f\"> </span>o<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>mai <span class=\"_ _1f\"> </span>consolidata<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>n<span class=\"_ _0\"></span>el <span class=\"_ _16\"> </span>settor<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a5\">dell\u2019asset <span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>age<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ent,<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>stato <span class=\"_ _0\"></span>identificato <span class=\"_ _b\"></span>l\u2019intang<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>bile <span class=\"_ _0\"></span>\u201c<span class=\"ff5\">Customer <span class=\"_ _b\"></span>Relationshi<span class=\"_ _1\"></span>p<span class=\"ff2\">\u201d <span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cui <span class=\"_ _b\"></span>valore <span class=\"_ _0\"></span>\u00e8<span class=\"_ _4a1\"> </span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a6\">dato <span class=\"_ _211\"> </span>dal <span class=\"_ _c\"> </span>margine  commissionale  n<span class=\"_ _0\"></span>etto  lungo  l<span class=\"_ _0\"></span>a  du<span class=\"_ _0\"></span>rata  economica <span class=\"_ _211\"> </span>del  r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>orto <span class=\"_ _211\"> </span>acquisito, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a7\">distinguendo <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>redditivit\u00e0 <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>etta<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ass<span class=\"_ _1\"></span>oc<span class=\"_ _0\"></span>ia<span class=\"_ _3\"></span>bi<span class=\"_ _0\"></span>le <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>diff<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>enti <span class=\"_ _5\"></span>tipologie <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>fondi <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>estiti. <span class=\"_ _5\"></span>I <span class=\"_ _5\"></span>volumi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a8\">utilizzati come base di <span class=\"_ _0\"></span>partenza<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>la valu<span class=\"_ _0\"></span>taz<span class=\"_ _1\"></span>ione dell\u2019intan<span class=\"_ _1\"></span>gibile, sono stati qu<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>lli r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>lativ<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>agl<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3a9\">AuM dei <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ond<span class=\"_ _1\"></span>i gestiti <span class=\"_ _3\"></span>da Gestielle S<span class=\"_ _3\"></span>GR alla <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>acquisizione, <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vvero <span class=\"_ _3\"></span>al 28 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>icemb<span class=\"_ _1\"></span>re 2017<span class=\"_ _1\"></span>; la<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3aa\">vita <span class=\"_ _6\"></span>utile <span class=\"_ _5\"></span>stim<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>tale <span class=\"_ _6\"></span>intangibile <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>stata <span class=\"_ _5\"></span>definit<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>quindici <span class=\"_ _6\"></span>anni, <span class=\"_ _5\"></span>con <span class=\"_ _6\"></span>ammortamento <span class=\"_ _5\"></span>in<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ab\">quo<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>costanti; </div><div class=\"t m1 h4 ff1e fs2 fc1 sc0 ls0 ws0 gs5a9\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">rapporti <span class=\"_ _c\"> </span>contr<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>uali, <span class=\"_ _c\"> </span>valorizzati <span class=\"_ _16\"> </span>in <span class=\"_ _c\"> </span>sede <span class=\"_ _16\"> </span>di <span class=\"_ _c\"> </span>PPA <span class=\"_ _c\"> </span>eff<span class=\"_ _0\"></span>ettuata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>con <span class=\"_ _16\"> </span>riferimento <span class=\"_ _c\"> </span>alla <span class=\"_ _16\"> </span>sciss<span class=\"_ _1\"></span>ione<span class=\"_ _4a1\"> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3ae\">parziale <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _1\"></span>ramo d\u2019azie<span class=\"_ _3\"></span>nd<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>di Ban<span class=\"_ _1\"></span>coPosta Fo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>di S<span class=\"_ _1\"></span>GR <span class=\"_ _1\"></span>(\u201cCompendio <span class=\"_ _3\"></span>Sc<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>sso\u201d <span class=\"_ _1\"></span>\u2013 s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>issione a<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>avore<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5aa\">di Anima S<span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>R), per<span class=\"_ _3\"></span> un valore resi<span class=\"_ _1\"></span>duo pari a <span class=\"_ _3\"></span>Euro 62,9 m<span class=\"_ _1\"></span>ilioni; in p<span class=\"_ _1\"></span>articolare \u00e8<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>stat<span class=\"_ _1\"></span>o identificato<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5ab\">l\u2019intangibile <span class=\"_ _1f\"> </span>\u201cAccordo <span class=\"_ _16\"> </span>Operativo\u201d, <span class=\"_ _1f\"> </span>il <span class=\"_ _1f\"> </span>cui <span class=\"_ _1f\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _1f\"> </span>\u00e8 <span class=\"_ _1f\"> </span>stato <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nato <span class=\"_ _15\"> </span>sul<span class=\"_ _1\"></span>la <span class=\"_ _1f\"> </span>base <span class=\"_ _1f\"> </span>dei <span class=\"_ _1f\"> </span>flussi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3d8\">fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari <span class=\"_ _e\"> </span>attesi, <span class=\"_ _d\"> </span>g<span class=\"_ _0\"></span>ene<span class=\"_ _1\"></span>rati <span class=\"_ _e\"> </span>dalle <span class=\"_ _e\"> </span>masse <span class=\"_ _d\"> </span>in <span class=\"_ _e\"> </span>gestione <span class=\"_ _e\"> </span>(AuM), <span class=\"_ _d\"> </span>lungo <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>durata<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>dell\u2019<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>ccordo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3d9\">Operativo, <span class=\"_ _6\"></span>stipulato <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _5\"></span>6 <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rzo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>2018 <span class=\"_ _5\"></span>tr<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>Pos<span class=\"_ _3\"></span>te <span class=\"_ _6\"></span>Italiane, <span class=\"_ _6\"></span>BancoPosta <span class=\"_ _5\"></span>Fond<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>SGR, <span class=\"_ _6\"></span>Poste<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5ac\">Vita, <span class=\"_ _b\"></span>Ani<span class=\"_ _0\"></span>ma <span class=\"_ _0\"></span>H<span class=\"_ _0\"></span>oldi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>SGR. <span class=\"_ _5\"></span>La <span class=\"_ _b\"></span>vita <span class=\"_ _5\"></span>utile <span class=\"_ _5\"></span>di <span class=\"_ _0\"></span>tale <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>immateriale <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _b\"></span>stata <span class=\"_ _b\"></span>stimata <span class=\"_ _5\"></span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3db\">quindici anni, co<span class=\"_ _1\"></span>n ammortamento in qu<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>te costanti<span class=\"_ _3\"></span>; </div><div class=\"t m1 h4 ff1e fs2 fc1 sc0 ls0 ws0 gs3dd\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">rapporti <span class=\"_ _b\"></span>contrattuali, <span class=\"_ _b\"></span>valorizza<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>in <span class=\"_ _b\"></span>sede <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>PPA <span class=\"_ _b\"></span>effett<span class=\"_ _1\"></span>uata <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>riferime<span class=\"_ _1\"></span>nto <span class=\"_ _b\"></span>all<span class=\"_ _0\"></span>\u2019a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _b\"></span>di </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3de\">Castello <span class=\"_ _0\"></span>SGR avv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta in <span class=\"_ _0\"></span>data 19 <span class=\"_ _0\"></span>luglio <span class=\"_ _0\"></span>2023, per <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>valore resi<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>uo <span class=\"_ _0\"></span>pari a <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>7,3 milioni; <span class=\"_ _0\"></span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3df\">particolare,  s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _f\"> </span>stati  individuati <span class=\"_ _f\"> </span>57  intangibi<span class=\"_ _1\"></span>li  a<span class=\"_ _3\"></span>  vita  utile  de<span class=\"_ _1\"></span>finita  relati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i  a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>le <span class=\"_ _f\"> </span>\u201cCustomer<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5ad\">Relationship\u201d <span class=\"_ _e\"> </span>connesse <span class=\"_ _d\"> </span>al <span class=\"_ _19\"> </span>rapporto <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>clientela <span class=\"_ _d\"> </span>so<span class=\"_ _0\"></span>ttostante <span class=\"_ _e\"> </span>le <span class=\"_ _e\"> </span>masse <span class=\"_ _e\"> </span>gestite <span class=\"_ _e\"> </span>dai <span class=\"_ _e\"> </span>fondi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5ae\">immobiliari <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>Castello <span class=\"_ _15\"> </span>SGR, <span class=\"_ _15\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>cui<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>valore <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _15\"> </span>stato <span class=\"_ _15\"> </span>determinat<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>considerand<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>il <span class=\"_ _15\"> </span>margine </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5af\">commissionale <span class=\"_ _16\"> </span>netto <span class=\"_ _1f\"> </span>generato <span class=\"_ _16\"> </span>dalle <span class=\"_ _1f\"> </span>masse <span class=\"_ _1f\"> </span>in <span class=\"_ _16\"> </span>gestione <span class=\"_ _1f\"> </span>lungo <span class=\"_ _1f\"> </span>la <span class=\"_ _1f\"> </span>durata <span class=\"_ _16\"> </span>dei <span class=\"_ _1f\"> </span>singoli <span class=\"_ _1f\"> </span>fondi<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5b0\">immobiliari <span class=\"_ _19\"> </span>considerati.<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>Come<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>richiesto<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>dai<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>principi <span class=\"_ _e\"> </span>contabili <span class=\"_ _1b\"> </span>inter<span class=\"_ _1\"></span>nazionali, <span class=\"_ _19\"> </span>sono <span class=\"_ _19\"> </span>stati </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3bd\">analizzati <span class=\"_ _0\"></span>solo <span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>fo<span class=\"_ _1\"></span>ndi <span class=\"_ _b\"></span>atti<span class=\"_ _1\"></span>vi <span class=\"_ _b\"></span>prima <span class=\"_ _0\"></span>della d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>acquisizione, <span class=\"_ _0\"></span>mentre <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>relazione <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>vita <span class=\"_ _0\"></span>utile </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3be\">delle <span class=\"_ _e\"> </span>Customer <span class=\"_ _e\"> </span>R<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nship<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _19\"> </span>stata <span class=\"_ _e\"> </span>considerat<span class=\"_ _1\"></span>a <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>durata<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>r<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span>dua <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>ias<span class=\"_ _1\"></span>cun <span class=\"_ _e\"> </span>fondo. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3bf\">L\u2019ammortamento <span class=\"_ _21\"> </span>totale <span class=\"_ _1c\"> </span>riportato <span class=\"_ _1c\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _1c\"> </span>tabella <span class=\"_ _1c\"> </span>\u00e8 <span class=\"_ _21\"> </span>calcolato <span class=\"_ _21\"> </span>come <span class=\"_ _21\"> </span>la <span class=\"_ _1c\"> </span>sommatoria <span class=\"_ _21\"> </span>de<span class=\"_ _1\"></span>gli </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5b1\">ammortamenti spe<span class=\"_ _1\"></span>cifici di ciascun fo<span class=\"_ _1\"></span>ndo.<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3c1\">Si  informa <span class=\"_ _f\"> </span>che  su <span class=\"_ _f\"> </span>tali  intan<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ibili, <span class=\"_ _f\"> </span>in  p<span class=\"_ _1\"></span>articolare  s<span class=\"_ _1\"></span>u <span class=\"_ _f\"> </span>q<span class=\"_ _0\"></span>uelli <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ienti <span class=\"_ _f\"> </span>dal  bilan<span class=\"_ _1\"></span>cio<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>sepa<span class=\"_ _1\"></span>rato  di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3c2\">Castello  S<span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>R,  \u00e8<span class=\"_ _3\"></span>  stata <span class=\"_ _f\"> </span>rilevata <span class=\"_ _f\"> </span>n<span class=\"_ _0\"></span>el <span class=\"_ _f\"> </span>corso <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019esercizio <span class=\"_ _f\"> </span>una  s<span class=\"_ _1\"></span>valutazione  p<span class=\"_ _1\"></span>er <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>E<span class=\"_ _0\"></span>uro <span class=\"_ _f\"> </span>150 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3c3\">migliaia, dovuta pri<span class=\"_ _1\"></span>ncipalmente alla c<span class=\"_ _1\"></span>ontrazione de<span class=\"_ _1\"></span>lle proiezio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i dei <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>lussi di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>assa ge<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>erati <span class=\"_ _1\"></span>dai<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3e6\">sottostanti <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>ontratti <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>gestione <span class=\"_ _c\"> </span>dei <span class=\"_ _16\"> </span>fondi <span class=\"_ _16\"> </span>immobiliari <span class=\"_ _16\"> </span>per <span class=\"_ _c\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>significativo <span class=\"_ _16\"> </span>mutament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs3c5\">contesto macroe<span class=\"_ _1\"></span>conomico e <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziario risp<span class=\"_ _1\"></span>etto a q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>anto<span class=\"_ _1\"></span> osservabile<span class=\"_ _1\"></span> alla data<span class=\"_ _1\"></span> di acquisiz<span class=\"_ _1\"></span>ione;<span class=\"_ _4a1\"> </span> </div><div class=\"t m1 h4 ff1e fs2 fc1 sc0 ls0 ws0 gs5b3\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">mandati <span class=\"_ _f\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>gestione <span class=\"_ _6\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>delega <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _6\"></span>attivi <span class=\"_ _6\"></span>derivanti <span class=\"_ _6\"></span>dall<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>impresa <span class=\"_ _6\"></span>assicurativa </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5b4\">(\u201cMandati <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> Gest<span class=\"_ _3\"></span>ione\u201d) a<span class=\"_ _3\"></span>cqu<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>siti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> contro<span class=\"_ _1\"></span>llata <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>SGR <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> Banca <span class=\"_ _3\"></span>Aletti <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>29<span class=\"_ _3\"></span> giugno<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5b5\">2018 <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>valore <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esidu<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>93,7 <span class=\"_ _b\"></span>milioni. <span class=\"_ _b\"></span>In<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>partic<span class=\"_ _0\"></span>olare, <span class=\"_ _b\"></span>tenuto <span class=\"_ _0\"></span>conto<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>della <span class=\"_ _b\"></span>specificit\u00e0<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5b6\">dell\u2019acquisizione<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>esame, <span class=\"_ _0\"></span>il v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>dell\u2019attivit\u00e0 in<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>ng<span class=\"_ _0\"></span>ibile<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>(pari <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>rezzo <span class=\"_ _0\"></span>corrispost<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>Banca<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5b7\">Aletti), \u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eter<span class=\"_ _1\"></span>minato s<span class=\"_ _3\"></span>ul<span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ase<span class=\"_ _3\"></span> delle <span class=\"_ _3\"></span>masse t<span class=\"_ _3\"></span>rasferite ad<span class=\"_ _1\"></span> Ani<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>SGR alla <span class=\"_ _3\"></span>data di<span class=\"_ _3\"></span> acquisto<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5b8\">(pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>9,4 mi<span class=\"_ _0\"></span>lia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>di).<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>La <span class=\"_ _0\"></span>vita<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>utile <span class=\"_ _0\"></span>stimata per <span class=\"_ _0\"></span>tale <span class=\"_ _0\"></span>intangibile<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stata <span class=\"_ _0\"></span>defin<span class=\"_ _1\"></span>ita <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>venti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5b9\">anni, <span class=\"_ _c\"> </span>con <span class=\"_ _c\"> </span>ammortame<span class=\"_ _1\"></span>nto <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>quote <span class=\"_ _c\"> </span>costanti. <span class=\"_ _211\"> </span>Si <span class=\"_ _c\"> </span>informa <span class=\"_ _211\"> </span>ch<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>su <span class=\"_ _211\"> </span>tale <span class=\"_ _c\"> </span>intangibile, <span class=\"_ _211\"> </span>cos\u00ec <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>ome<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5ba\">previsto d<span class=\"_ _0\"></span>agli accordi <span class=\"_ _0\"></span>sottos<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritti in<span class=\"_ _0\"></span> sede di<span class=\"_ _0\"></span> acquist<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i<span class=\"_ _0\"></span>nte<span class=\"_ _1\"></span>grati/modificati nel <span class=\"_ _0\"></span>corso d<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>l <span class=\"_ _0\"></span>2020),<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5bb\">\u00e8 <span class=\"_ _b\"></span>stato <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ilevato <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>corso <span class=\"_ _b\"></span>dell\u2019esercizi<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>20<span class=\"_ _0\"></span>24 <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>aggiustamento <span class=\"_ _b\"></span>prezzo <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>corrispondere <span class=\"_ _b\"></span>alla </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5bc\">controparte per <span class=\"_ _1\"></span>circa Euro 231 migliaia.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5bd\">Si r<span class=\"_ _0\"></span>ico<span class=\"_ _1\"></span>rda c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>per le <span class=\"_ _0\"></span>ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>ni di<span class=\"_ _0\"></span> acquisizione rife<span class=\"_ _1\"></span>rite <span class=\"_ _0\"></span>alla ex G<span class=\"_ _0\"></span>estiel<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e SGR, al Com<span class=\"_ _0\"></span>pen<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>io Scisso <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>ai </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5be\">Mandati di<span class=\"_ _3\"></span> Gestione, <span class=\"_ _3\"></span>gli a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>cordi <span class=\"_ _3\"></span>definiti <span class=\"_ _1\"></span>(come <span class=\"_ _3\"></span>integrati/modificati <span class=\"_ _3\"></span>da quant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>sottoscritto <span class=\"_ _3\"></span>nel corso<span class=\"_ _3\"></span> del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5bf\">2020) <span class=\"_ _5\"></span>prevedono, <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>linea <span class=\"_ _b\"></span>con <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>prassi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>operazioni <span class=\"_ _5\"></span>analoghe, <span class=\"_ _5\"></span>spe<span class=\"_ _1\"></span>cifici <span class=\"_ _5\"></span>meccanismi <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>protezione <span class=\"_ _b\"></span>e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5c0\">garanzia <span class=\"_ _19\"> </span>(ad <span class=\"_ _19\"> </span>esempio <span class=\"_ _19\"> </span>meccanismi <span class=\"_ _e\"> </span>di <span class=\"_ _19\"> </span>aggiustamento <span class=\"_ _e\"> </span>pr<span class=\"_ _0\"></span>ezz<span class=\"_ _1\"></span>o, <span class=\"_ _e\"> </span>m<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>canismi <span class=\"_ _19\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span><span class=\"ff5\">earn-in <span class=\"_ _19\"> </span>/ <span class=\"_ _19\"> </span>earn-out</span>, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5c1\">mantenimento di <span class=\"_ _0\"></span>determi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ati livelli <span class=\"_ _0\"></span>di quote di <span class=\"_ _0\"></span>mer<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ato d<span class=\"_ _0\"></span>a parte delle c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntroparti dei <span class=\"_ _0\"></span>prod<span class=\"_ _1\"></span>otti <span class=\"_ _0\"></span>gestiti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5c2\">dal <span class=\"_ _0\"></span>Gruppo, <span class=\"_ _0\"></span>meccanism<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fica <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>performance <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>prod<span class=\"_ _1\"></span>otti <span class=\"_ _0\"></span>gestiti <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>Gruppo <span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ime<span class=\"_ _1\"></span>di <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>caso </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5c3\">di  <span class=\"ff5\">underperformance<span class=\"_ _1\"></span><span class=\"ff2\">  degli  stessi<span class=\"_ _1\"></span>).  Per  mag<span class=\"_ _1\"></span>giori  detta<span class=\"_ _1\"></span>gli,  si  rimanda  al<span class=\"_ _1\"></span>  Capitolo  X<span class=\"_ _1\"></span>XII  del  Prospetto<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5c4\">Informativo <span class=\"_ _1f\"> </span>pubblicat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>data <span class=\"_ _16\"> </span>2<span class=\"_ _0\"></span>3 <span class=\"_ _16\"> </span>mar<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>o <span class=\"_ _1f\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>18 <span class=\"_ _16\"> </span>relativo <span class=\"_ _1f\"> </span>all\u2019aumento <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _16\"> </span>e <span class=\"_ _1f\"> </span>ai <span class=\"_ _1f\"> </span>documenti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5c5\">informativi r<span class=\"_ _0\"></span>elativi <span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>operazioni <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>maggiore <span class=\"_ _0\"></span>rile<span class=\"_ _3\"></span>vanza <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>parti correlate <span class=\"_ _0\"></span>pubblicate<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>7 <span class=\"_ _0\"></span>aprile </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5c6\">2020 e in data 21 ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio 2020, <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ispo<span class=\"_ _1\"></span>nibili sul sito d<span class=\"_ _3\"></span>ella Societ\u00e0. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5c7\">Nella <span class=\"_ _6\"></span>successi<span class=\"_ _1\"></span>va <span class=\"_ _6\"></span>tabella <span class=\"_ _5\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rnisce <span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>riconciliazio<span class=\"_ _1\"></span>ne <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>partecipaz<span class=\"_ _1\"></span>ioni <span class=\"_ _6\"></span>detenute <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>la <span class=\"_ _6\"></span>Societ\u00e0 <span class=\"_ _6\"></span>ed </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5c8\">iscritte nel <span class=\"_ _1\"></span>Bilancio d<span class=\"_ _3\"></span>i Esercizio e<span class=\"_ _1\"></span> le <span class=\"_ _3\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>imm<span class=\"_ _0\"></span>ate<span class=\"_ _1\"></span>riali evide<span class=\"_ _1\"></span>nziate nel <span class=\"_ _3\"></span>pr<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>nte Bilancio C<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nsolidato:<span class=\"_ _1\"></span> </div><table class=\"s w478 h385\" id=\"_79a90937-298f-4931-884b-df95eb5a9850\"><tr><td class=\"c n x1a9 y18e0 w479 h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">Par<span class=\"_ _0\"></span>tecip<span class=\"_ _0\"></span>azion<span class=\"_ _0\"></span>i i<span class=\"_ _0\"></span>sc<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itt<span class=\"_ _0\"></span>e s<span class=\"_ _3\"></span>u Ani<span class=\"_ _0\"></span>ma <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g bil<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>o s<span class=\"_ _1\"></span>epa<span class=\"_ _0\"></span>rato<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5b9 y18e0 w47a h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">1.929.<span class=\"_ _0\"></span>316<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18e1 w47b h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">Rett<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca per <span class=\"_ _1\"></span>LTIP dell<span class=\"_ _0\"></span>e parte<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>zioni<span class=\"_ _0\"></span> iscr<span class=\"_ _1\"></span>it<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>su Ani<span class=\"_ _0\"></span>ma <span class=\"_ _1\"></span>Ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5ba y18e1 w47c h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">(82.<span class=\"_ _0\"></span>649)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18e2 w47d h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">Rett<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca per <span class=\"_ _1\"></span>versam<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span> a f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>do ped<span class=\"_ _0\"></span>uto p<span class=\"_ _0\"></span>er <span class=\"_ _1\"></span>acqu<span class=\"_ _0\"></span>isizio<span class=\"_ _0\"></span>ne Mand<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span> di Ges<span class=\"_ _1\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a Banca Alett<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5bb y18e2 w47c h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">(90.<span class=\"_ _0\"></span>000)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18e3 w47e h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">Capi<span class=\"_ _0\"></span>tale<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Soc<span class=\"_ _0\"></span>iale An<span class=\"_ _0\"></span>ima A<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ve<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> a <span class=\"_ _1\"></span>fon<span class=\"_ _0\"></span>do p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>uto<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5bc y18e3 w47f h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">(6.<span class=\"_ _0\"></span>567)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18e4 w480 h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">Pat<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>io Net<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i Anima SGR alla dat<span class=\"_ _0\"></span>a di acq<span class=\"_ _0\"></span>uisizi<span class=\"_ _0\"></span>one<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5bd y18e4 w481 h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">(172.<span class=\"_ _0\"></span>084)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18e5 w482 h387\"><div class=\"t m2 x17f ha8 y17bf ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5be y18e6 w483 h388\"><div class=\"t m2 x17f ha8 y189f ff2 fs39 fc1 sc0 ls0 ws0\">(161.<span class=\"_ _0\"></span>509)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18e8 w484 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (r<span class=\"_ _1\"></span>if. Gestielle<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>SGR)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5bf y18e9 w485 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(10.<span class=\"_ _0\"></span>175)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18ea w486 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (r<span class=\"_ _1\"></span>if. BP<span class=\"_ _0\"></span>F)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c0 y18eb w487 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(400)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18ed w488 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Di<span class=\"_ _0\"></span>fferenze s<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>iche di con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ament<span class=\"_ _0\"></span>o delle societ\u00e0 con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>ate da Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a SGR<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5c1 y18ed w489 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">9.<span class=\"_ _0\"></span>186<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18ee w48a h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Lus<span class=\"_ _0\"></span>semburgo Gest<span class=\"_ _0\"></span>ioni S<span class=\"_ _3\"></span>A<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c2 y18ef w201 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18f0 w48b h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> M<span class=\"_ _1\"></span>an<span class=\"_ _0\"></span>agement C<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>pa<span class=\"_ _0\"></span>ny S<span class=\"_ _3\"></span>A<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c3 y18f1 w48c h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>218<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c x1a9 y18f3 w48d h38c\"><div class=\"t m2 x17f ha8 y18f2 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> Ass<span class=\"_ _0\"></span>et Mana<span class=\"_ _0\"></span>gement Ltd e e<span class=\"_ _1\"></span>x AA<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>F<span class=\"_ _4a1\"> </span></div><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Pat<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>io Net<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i Cas<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ello<span class=\"_ _0\"></span> SGR <span class=\"_ _3\"></span>al<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata d<span class=\"_ _0\"></span>i acqui<span class=\"_ _0\"></span>sizione<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span> i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ess<span class=\"_ _1\"></span>enze di<span class=\"_ _0\"></span> terzi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c4 y18f4 w48e h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(1.<span class=\"_ _0\"></span>868)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c5 y18f3 w489 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>342<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18f5 w48f h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Cast<span class=\"_ _0\"></span>ello SG<span class=\"_ _3\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c6 y18f6 w485 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(13.<span class=\"_ _0\"></span>092)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18f7 w490 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">In<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>nze di<span class=\"_ _3\"></span> te<span class=\"_ _0\"></span>rz<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c7 y18f8 w491 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">15.<span class=\"_ _0\"></span>434<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18f9 w492 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Avvi<span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>ent<span class=\"_ _0\"></span>o p<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>sente n<span class=\"_ _0\"></span>elle s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet<span class=\"_ _0\"></span>\u00e0 parteci<span class=\"_ _0\"></span>pat<span class=\"_ _0\"></span>e alla dat<span class=\"_ _0\"></span>a di acq<span class=\"_ _0\"></span>uisizi<span class=\"_ _0\"></span>one<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5c8 y18f9 w493 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">30.25<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18fa w482 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c9 y18fb w491 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">25.<span class=\"_ _0\"></span>686<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18fc w48f h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Cast<span class=\"_ _0\"></span>ello SG<span class=\"_ _3\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ca y18fd w48c h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>780<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18fe w494 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Vita<span class=\"_ _0\"></span> S<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>r.<span class=\"_ _0\"></span>l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5cb y18ff w48c h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>793<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1900 w495 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Ril<span class=\"_ _0\"></span>evazio<span class=\"_ _0\"></span>ni Marchi<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5cc y1900 w47f h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>016)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1901 w496 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ka<span class=\"_ _0\"></span>iros P<span class=\"_ _0\"></span>artne<span class=\"_ _0\"></span>rs SG<span class=\"_ _3\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5cd y1902 w497 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>1.<span class=\"_ _0\"></span>963)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1903 w494 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Vita<span class=\"_ _0\"></span> S<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>r.<span class=\"_ _0\"></span>l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ce y1904 w498 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(53)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1905 w499 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Adeg<span class=\"_ _0\"></span>uame<span class=\"_ _1\"></span>nt<span class=\"_ _0\"></span>o p<span class=\"_ _0\"></span>er <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ri<span class=\"_ _0\"></span>levati i<span class=\"_ _0\"></span>n se<span class=\"_ _1\"></span>de di<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>PP<span class=\"_ _0\"></span>A (al netto<span class=\"_ _0\"></span> dell<span class=\"_ _0\"></span>e imposte diff<span class=\"_ _0\"></span>erit<span class=\"_ _0\"></span>e)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5cf y1905 w49a h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(460.<span class=\"_ _0\"></span>147)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1906 w49b h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (PPA<span class=\"_ _0\"></span> ese<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>cizi precedenti)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d0 y1907 w49c h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(91.<span class=\"_ _0\"></span>164)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1908 w49d h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (presen<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>nel bilancio civ<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>tico <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>lla contro<span class=\"_ _0\"></span>llata<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d1 y1909 w49c h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(17.<span class=\"_ _0\"></span>745)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y190a w49e h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (r<span class=\"_ _1\"></span>if. Ap<span class=\"_ _0\"></span>erta<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>SGR e L<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. Gestioni)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d2 y190b w49f h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>886<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y190c w4a0 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (presen<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>nel bilancio civ<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>tico <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>lla contro<span class=\"_ _0\"></span>llata<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>e rif. Ape<span class=\"_ _0\"></span>rta SG<span class=\"_ _3\"></span>R e Lus<span class=\"_ _0\"></span>s. Gestio<span class=\"_ _0\"></span>ni)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d3 y190d w4a1 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(9.<span class=\"_ _0\"></span>680<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y190e w484 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (r<span class=\"_ _1\"></span>if. Gestielle<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>SGR)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d4 y190f w4a2 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(267.<span class=\"_ _0\"></span>874)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1910 w486 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (r<span class=\"_ _1\"></span>if. BP<span class=\"_ _0\"></span>F)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5bf y1911 w485 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(75.<span class=\"_ _0\"></span>272)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1912 w4a3 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Cast<span class=\"_ _0\"></span>ello SG<span class=\"_ _3\"></span>R (<span class=\"_ _0\"></span>PPA<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d5 y1913 w48e h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(8.<span class=\"_ _0\"></span>777)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1914 w4a4 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Cast<span class=\"_ _0\"></span>ello SG<span class=\"_ _3\"></span>R (<span class=\"_ _0\"></span>presenti ne<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _1\"></span>anccio c<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _1\"></span>listico della <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>llata)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d6 y1915 w49f h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>479<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1767 w4a5 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Rett<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>che di valo<span class=\"_ _0\"></span>re <span class=\"_ _1\"></span>pe<span class=\"_ _0\"></span>r oneri acces<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ri acqui<span class=\"_ _0\"></span>sto par<span class=\"_ _0\"></span>tecipaz<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>e r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>dot<span class=\"_ _0\"></span>ti a con<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>econo<span class=\"_ _0\"></span>mico (I<span class=\"_ _1\"></span>FRS<span class=\"_ _0\"></span> 3)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5d7 y1767 w4a6 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(22.0<span class=\"_ _0\"></span>04)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1916 w482 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d8 y1917 w48e h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(9.<span class=\"_ _0\"></span>517)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1918 w4a7 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">ex Ap<span class=\"_ _0\"></span>erta SGR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d9 y1919 w4a8 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(671)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y191a w48a h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Lus<span class=\"_ _0\"></span>semburgo Gest<span class=\"_ _0\"></span>ioni S<span class=\"_ _3\"></span>A<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5da y191b w487 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(185)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y191c w4a9 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>etti S<span class=\"_ _1\"></span>GR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d8 y191c w48e h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(6.<span class=\"_ _0\"></span>438)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y191d w4aa h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">BPF<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5db y191d w48e h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(3.<span class=\"_ _0\"></span>445)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x5dc y191e w4ab h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">di c<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>Cas<span class=\"_ _0\"></span>tello SGR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5db y191e w4ac h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">(1.<span class=\"_ _0\"></span>748)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y191f w4ad h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">di cui<span class=\"_ _3\"></span> K<span class=\"_ _0\"></span>airos<span class=\"_ _0\"></span> Pa<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _0\"></span>ners SGR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5dd y191f w4ae h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">(80<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1920 w4af h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Alt<span class=\"_ _0\"></span>re retti<span class=\"_ _0\"></span>fich<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i valor<span class=\"_ _0\"></span>e per prin<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>ip<span class=\"_ _0\"></span>i i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ernazion<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5de y1920 w4b0 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>881)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1921 w4b1 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (adeg. a<span class=\"_ _0\"></span>l fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue pres<span class=\"_ _0\"></span>tito s<span class=\"_ _0\"></span>ubordinat<span class=\"_ _0\"></span>o pre<span class=\"_ _0\"></span>sente alla<span class=\"_ _0\"></span> data<span class=\"_ _0\"></span> d<span class=\"_ _1\"></span>i acquisizio<span class=\"_ _0\"></span>ne al netto dell<span class=\"_ _0\"></span>e im<span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>te diffe<span class=\"_ _1\"></span>rite<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5df y1922 w4b0 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>609)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x5dc y1923 w4b2 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">di c<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sivit\u00e0 per corris<span class=\"_ _0\"></span>pettivi <span class=\"_ _1\"></span>p<span class=\"_ _0\"></span>otenzia<span class=\"_ _0\"></span>li<span class=\"_ _3\"></span> individuat<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>in sed<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>di PPA<span class=\"_ _0\"></span> ex Ape<span class=\"_ _0\"></span>rta<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e0 y1923 w4b3 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">(657)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x5dc y1924 w4b4 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">di c<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>djust<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>nt C<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ello SG<span class=\"_ _3\"></span>R su a<span class=\"_ _0\"></span>vvi<span class=\"_ _1\"></span>amento<span class=\"_ _0\"></span> al Full G<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>dwil<span class=\"_ _1\"></span>l<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e1 y1924 w4b5 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">385<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1925 w4b6 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Ril<span class=\"_ _0\"></span>evazio<span class=\"_ _0\"></span>ne <span class=\"_ _1\"></span>ne<span class=\"_ _0\"></span>l conto<span class=\"_ _0\"></span> ec<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>omico con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span> dell'a<span class=\"_ _0\"></span>ggiu<span class=\"_ _0\"></span>stame<span class=\"_ _1\"></span>nt<span class=\"_ _0\"></span>o p<span class=\"_ _0\"></span>re<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>zo (IFRS3) ac<span class=\"_ _1\"></span>qu<span class=\"_ _0\"></span>isizi<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span> es<span class=\"_ _3\"></span>erci<span class=\"_ _0\"></span>zi p<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>eceden<span class=\"_ _0\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5e2 y1925 w4b7 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">54.<span class=\"_ _0\"></span>148<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1926 w4b8 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Ril<span class=\"_ _0\"></span>evazio<span class=\"_ _0\"></span>ne <span class=\"_ _1\"></span>ne<span class=\"_ _0\"></span>l conto<span class=\"_ _0\"></span> ec<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>omico con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span> del Badwill<span class=\"_ _0\"></span> (IFRS3) <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne <span class=\"_ _1\"></span>Kai<span class=\"_ _0\"></span>ros Part<span class=\"_ _0\"></span>ners<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5e3 y1926 w4b9 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(18.<span class=\"_ _0\"></span>681)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1927 w4ba h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Rett<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca util<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>/perdi<span class=\"_ _0\"></span>te da cess<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>one di<span class=\"_ _0\"></span> parte<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>ip<span class=\"_ _0\"></span>azio<span class=\"_ _0\"></span>ne in<span class=\"_ _0\"></span>tragrup<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span> es<span class=\"_ _3\"></span>erciz<span class=\"_ _0\"></span>i precedent<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5e4 y1927 w498 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(90)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w4bb h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale avviamento<span class=\"_ _0\"></span> Bil<span class=\"_ _0\"></span>ancio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _0\"></span>ns<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>dato<span class=\"_ _0\"></span> al 31/1<span class=\"_ _0\"></span>2/20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5e5 y16d8 w4bc h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">1.17<span class=\"_ _0\"></span>0.132<span class=\"_ _4a1\"> </span></div></td></tr></table><table class=\"s w4bd h38f\" id=\"_3e2ff52a-dd09-4132-b90a-913b63ebd1d0\"><tr><td class=\"t m2 x2ed ha7 y1928 ff3 fs39 fc1 sc0 ls0 ws0\">Rico<span class=\"_ _0\"></span>ncili<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>one at<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>t\u00e0 immateri<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Bi<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>cio Consol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>to al<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1/12<span class=\"_ _0\"></span>/202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></td><td></td></tr><tr><td class=\"c n x1a9 y1929 w4be h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Fa<span class=\"_ _0\"></span>ir <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue degli intangible identific<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>ti i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> sede di PPA<span class=\"_ _0\"></span> al lordo di ammorta<span class=\"_ _0\"></span>menti ed i<span class=\"_ _3\"></span>mpo<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>e dif<span class=\"_ _3\"></span>fe<span class=\"_ _0\"></span>rite<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e6 y192a w4bf h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">622.<span class=\"_ _0\"></span>971<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y192b w4c0 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Fa<span class=\"_ _0\"></span>ir <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue degli  altri intangibili <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> vita utile definita<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e7 y192c w4bf h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">138.<span class=\"_ _0\"></span>750<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y192d w4c1 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ammort<span class=\"_ _0\"></span>amenti in<span class=\"_ _1\"></span>ta<span class=\"_ _0\"></span>ngibili anni <span class=\"_ _1\"></span>2009<span class=\"_ _0\"></span>-2023<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e8 y192e w4c2 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(38<span class=\"_ _0\"></span>1.0<span class=\"_ _0\"></span>47)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y192f w4c3 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale Intan<span class=\"_ _0\"></span>gibi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i Bil<span class=\"_ _0\"></span>ancio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>idat<span class=\"_ _0\"></span>o al 31/1<span class=\"_ _0\"></span>2/202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e9 y192f w4c4 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">380.<span class=\"_ _0\"></span>674<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1927 w4c5 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Alt<span class=\"_ _0\"></span>re immobil<span class=\"_ _0\"></span>izzazio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i immaterial<span class=\"_ _0\"></span>i con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ea y1927 w4c6 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>379<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w4c7 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale att<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vit\u00e0 immateri<span class=\"_ _0\"></span>ali da<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Bil<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>o C<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idat<span class=\"_ _0\"></span>o al<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1/12<span class=\"_ _0\"></span>/202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5eb y16d8 w4bc h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">1.55<span class=\"_ _0\"></span>6.185<span class=\"_ _4a1\"> </span></div></td></tr></table>Impairment test L\u2019avviamento, <span class=\"_ _15\"> </span>secondo <span class=\"_ _1f\"> </span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>dispost<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>dallo <span class=\"_ _15\"> </span>IAS <span class=\"_ _1f\"> </span>3<span class=\"_ _0\"></span>6, <span class=\"_ _1f\"> </span>dev<span class=\"_ _0\"></span>e <span class=\"_ _15\"> </span>essere <span class=\"_ _15\"> </span>sottopost<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>annualmente <span class=\"_ _15\"> </span>ad impairment test<span class=\"ff2\"> per <span class=\"_ _1\"></span>verificarne la rec<span class=\"_ _1\"></span>uperabilit\u00e0. </span>Vi <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>u<span class=\"_ _0\"></span>na <span class=\"_ _5\"></span>perdita <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _6\"></span>ogniqualvolta <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _b\"></span>con<span class=\"_ _0\"></span>tabi<span class=\"_ _1\"></span>le <span class=\"_ _6\"></span>(\u201c<span class=\"ff5\">carrying <span class=\"_ _5\"></span>amount\u201d</span>) <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>un\u2019attivit\u00e0 <span class=\"_ _6\"></span>- <span class=\"_ _6\"></span>intesa individualmente o<span class=\"_ _0\"></span> come <span class=\"_ _0\"></span><span class=\"ff5\">cash <span class=\"_ _0\"></span>ge<span class=\"_ _1\"></span>nerating<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>unit <span class=\"ff2\">(\u201cC<span class=\"_ _0\"></span>GU\u201d), ovv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>il \u201ccentro d<span class=\"_ _0\"></span>i r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cavo\u201d <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>min<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ri dim<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>si<span class=\"_ _1\"></span>oni </span></span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ui <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>possibile <span class=\"_ _5\"></span>im<span class=\"_ _0\"></span>puta<span class=\"_ _3\"></span>re <span class=\"_ _f\"> </span>specifici<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _1\"></span>lussi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cassa <span class=\"_ _6\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>maggiore <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>recuperabile <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>stessa (\"<span class=\"ff5\">recoverable<span class=\"_ _1\"></span> amount\u201d<span class=\"ff2\">). Il valore recuperabi<span class=\"_ _1\"></span>le \u00e8 il ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giore tra il fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value al <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>etto <span class=\"_ _1\"></span>dei costi di vendita e </span></span>il valore d\u2019uso (\u201c<span class=\"ff5\">value in use\"<span class=\"_ _3\"></span>)<span class=\"ff2\">. </span></span>A tal <span class=\"_ _0\"></span>fine, l\u2019avviamento deve <span class=\"_ _0\"></span>esse<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e allocato a singole <span class=\"_ _0\"></span>o a gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>i di <span class=\"_ _0\"></span>unit\u00e0 generatri<span class=\"_ _1\"></span>ci d<span class=\"_ _0\"></span>i flussi finanziari dell\u2019acquirente in <span class=\"_ _0\"></span>modo che <span class=\"_ _0\"></span>tali unit\u00e0 <span class=\"_ _0\"></span>be<span class=\"_ _1\"></span>neficino d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e sinergie <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019agg<span class=\"_ _1\"></span>regazione, in<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ipendenteme<span class=\"_ _1\"></span>nte dal fatto che altre atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 o passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 de<span class=\"_ _1\"></span>ll\u2019acquisito <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>ano asse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nate a tali<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>nit\u00e0 o gruppi di u<span class=\"_ _1\"></span>nit\u00e0.  Nel <span class=\"_ _0\"></span>Bilan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>consolidato<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Ani<span class=\"_ _1\"></span>ma <span class=\"_ _0\"></span>H<span class=\"_ _1\"></span>olding, le <span class=\"_ _0\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>immateriali a vita uti<span class=\"_ _0\"></span>le indefinita,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rappresentate dagli <span class=\"_ _e\"> </span>avviamenti, <span class=\"_ _e\"> </span>amm<span class=\"_ _1\"></span>ontano <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>amente<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>a <span class=\"_ _e\"> </span>Euro <span class=\"_ _e\"> </span>1.168,2 <span class=\"_ _e\"> </span>mili<span class=\"_ _1\"></span>oni; <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>seguito, <span class=\"_ _d\"> </span>alle <span class=\"_ _e\"> </span>varie acquisizioni/fusio<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>per<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>corporazio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>av<span class=\"_ _1\"></span>venute <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>egli <span class=\"_ _6\"></span>anni, <span class=\"_ _6\"></span>gli <span class=\"_ _f\"> </span>av<span class=\"_ _1\"></span>viamenti <span class=\"_ _6\"></span>sono <span class=\"_ _f\"> </span>da <span class=\"_ _5\"></span>considerarsi <span class=\"_ _6\"></span>un unico <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>indistinto <span class=\"_ _5\"></span>avviame<span class=\"_ _1\"></span>nto, <span class=\"_ _5\"></span>allocato <span class=\"_ _5\"></span>all\u2019unica <span class=\"_ _b\"></span>CGU <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _b\"></span>dedicata <span class=\"_ _5\"></span>alla <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>estione <span class=\"_ _b\"></span>del risparmio (\u201cCGU A<span class=\"_ _1\"></span>nima\u201d - rapp<span class=\"_ _1\"></span>resentata dalle socie<span class=\"_ _3\"></span>t\u00e0 operativ<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el G<span class=\"_ _1\"></span>ru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o), in quanto:  \u2022<span class=\"ff4 fs5\"> <span class=\"_ _109\"> </span></span> i<span class=\"_ _0\"></span>l <span class=\"_ _6\"></span>man<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>gement <span class=\"_ _f\"> </span>del<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>Grupp<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>gestisce <span class=\"_ _f\"> </span>le <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>str<span class=\"_ _0\"></span>egua <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un\u2019unica <span class=\"_ _6\"></span>CGU<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>grado<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di generare flussi di re<span class=\"_ _1\"></span>ddito e di <span class=\"_ _1\"></span>cassa;  \u2022<span class=\"ff4 fs5\"> <span class=\"_ _109\"> </span></span>n<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>esiste <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>reporting <span class=\"_ _3\"></span>separato<span class=\"_ _3\"></span> (\u201c<span class=\"ff5\">segme<span class=\"_ _1\"></span>nt <span class=\"_ _3\"></span>reporting<span class=\"_ _3\"></span><span class=\"ff2\">\u201d<span class=\"_ _0\"></span>) <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>le <span class=\"_ _1\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _3\"></span>oggetto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>acquisizione; <span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4 fs5\"> <span class=\"_ _109\"> </span></span>An<span class=\"_ _0\"></span>ima  Holding  non  d<span class=\"_ _0\"></span>etiene<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>alcuna  attivit\u00e0/passi<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _211\"> </span>estranea  al <span class=\"_ _c\"> </span>proprio  business  (c.d. surplus asset<span class=\"ff2\">). <span class=\"_ _1\"></span> </span>Inoltre, <span class=\"_ _15\"> </span>all\u2019inte<span class=\"_ _1\"></span>rno <span class=\"_ _15\"> </span>della <span class=\"_ _1f\"> </span>CGU <span class=\"_ _1f\"> </span>Anima <span class=\"_ _15\"> </span>a <span class=\"_ _1f\"> </span>cui <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _1f\"> </span>allocato <span class=\"_ _1f\"> </span>l\u2019<span class=\"_ _0\"></span>av<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>iame<span class=\"_ _1\"></span>nto, <span class=\"_ _15\"> </span>sono <span class=\"_ _16\"> </span>r<span class=\"_ _0\"></span>icomp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ese <span class=\"_ _1f\"> </span>le <span class=\"_ _15\"> </span>attivit\u00e0<span class=\"_ _1\"></span> immateriali <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>vita <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>tile <span class=\"_ _8\"></span>defin<span class=\"_ _0\"></span>ita,<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>individuate <span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>fase <span class=\"_ _3\"></span>di <span class=\"_ _8\"></span>PPA <span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>attravers<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>acquis<span class=\"_ _1\"></span>ite, <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>import<span class=\"_ _1\"></span>o totale <span class=\"_ _0\"></span>residuo <span class=\"_ _b\"></span>(al <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>o <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>a<span class=\"_ _1\"></span>mmortamenti <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>imposte <span class=\"_ _0\"></span>differite <span class=\"_ _b\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span>ualmente <span class=\"_ _b\"></span>isc<span class=\"_ _1\"></span>ritte) <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>circa Euro 314,9 milioni. <span class=\"_ _1\"></span> Il <span class=\"_ _0\"></span>principi<span class=\"_ _1\"></span>o c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabile in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>nazionale IAS 36 <span class=\"_ _0\"></span>prevede<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e su <span class=\"_ _0\"></span>tali<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mmateriali a v<span class=\"_ _0\"></span>ita utile <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>finita venga effettuato una <span class=\"_ _1\"></span>verifica dell\u2019es<span class=\"_ _1\"></span>istenza di indi<span class=\"_ _1\"></span>catori di perdite d<span class=\"_ _1\"></span>i valore (\u201c<span class=\"ff5\">trigger e<span class=\"_ _1\"></span>vents<span class=\"ff2\">\u201d).<span class=\"_ _1\"></span> </span></span>Si conferma <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> le valutazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>fett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ate dal<span class=\"_ _3\"></span> Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o su tali at<span class=\"_ _1\"></span>tivit\u00e0 i<span class=\"_ _1\"></span>mmateriali a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>vita<span class=\"_ _3\"></span> u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>le definita <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>on hanno <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levato <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>presenza <span class=\"_ _211\"> </span>di <span class=\"_ _16\"> </span>indicatori <span class=\"_ _211\"> </span>di <span class=\"_ _16\"> </span>perdita <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>valore<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>e <span class=\"_ _c\"> </span>quindi <span class=\"_ _c\"> </span>non <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _c\"> </span>stato <span class=\"_ _c\"> </span>effettuato <span class=\"_ _c\"> </span>un impairment test<span class=\"ff2\"> spec<span class=\"_ _1\"></span>ifico sulle sin<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ole atti<span class=\"_ _1\"></span>vit\u00e0 imma<span class=\"_ _1\"></span>teriali a vita utile de<span class=\"_ _1\"></span>finita.  </span>Tuttavia, <span class=\"_ _0\"></span>in continuit\u00e0 con <span class=\"_ _0\"></span>le scelte effettuate in <span class=\"_ _0\"></span>passa<span class=\"_ _1\"></span>to, <span class=\"_ _0\"></span>il Gruppo ha <span class=\"_ _0\"></span>ritenuto opportuno sottoporre ad <span class=\"_ _f\"> </span><span class=\"ff5\">impairment <span class=\"_ _f\"></span>test</span>, <span class=\"_ _f\"> </span>oltre <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>all\u2019avviamento<span class=\"_ _1\"></span>, <span class=\"_ _f\"> </span>anche <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>altre <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>immateriali <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>vita <span class=\"_ _f\"> </span>utile <span class=\"_ _f\"> </span>definita presenti  nel  prese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te  B<span class=\"_ _1\"></span>ilancio  co<span class=\"_ _1\"></span>nsolidato.  Pertanto,  l\u2019<span class=\"ff5\">impairme<span class=\"_ _1\"></span>nt  test<span class=\"_ _3\"></span><span class=\"ff2\"> <span class=\"_ _211\"> </span>ha  l\u2019obiettiv<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  di <span class=\"_ _f\"> </span>valu<span class=\"_ _0\"></span>tare<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>la </span></span>tenuta del <span class=\"ff5\">carrying<span class=\"_ _1\"></span> amount<span class=\"ff2\"> della CG<span class=\"_ _1\"></span>U Anima. </span></span>Nella conduzione del <span class=\"_ _1\"></span><span class=\"ff5\">test di impairment <span class=\"ff2\">al <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1 di<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _1\"></span>bre 2024, si \u00e8 tenuto c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nto an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he di quant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> segue:<span class=\"_ _1\"></span> </span></span><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Il <span class=\"_ _0\"></span><span class=\"ff5\">Public <span class=\"_ _0\"></span>Statement</span> <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>24 <span class=\"_ _0\"></span>ottobre <span class=\"_ _0\"></span>2024 d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019ESMA <span class=\"_ _0\"></span><span class=\"ff5\">\u201cEuropean <span class=\"_ _0\"></span>common <span class=\"_ _0\"></span>enforceme<span class=\"_ _1\"></span>nt <span class=\"_ _0\"></span>prioritie<span class=\"_ _1\"></span>s <span class=\"_ _0\"></span>for </span></span></span>2024 <span class=\"_ _b\"></span>corporate<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>reporting\u201d <span class=\"_ _b\"></span><span class=\"ff2\">(ripres<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>anche <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>CONSOB <span class=\"_ _0\"></span>nel <span class=\"_ _b\"></span>Richiamo <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>attenzione <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>/2<span class=\"_ _1\"></span>4 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>20 </span>dicembre  20<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4) <span class=\"_ _f\"> </span>rib<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>alcun<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>raccomandazio<span class=\"_ _1\"></span>ni  che <span class=\"_ _f\"> </span>gli  emittenti <span class=\"_ _f\"> </span>dovrebbero <span class=\"_ _f\"> </span>seguire  in modo <span class=\"_ _b\"></span>da <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>flettere, <span class=\"_ _b\"></span>qualora <span class=\"_ _0\"></span>presenti, <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _0\"></span>impatti <span class=\"_ _b\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>cambiamento <span class=\"_ _0\"></span>clim<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>sul <span class=\"_ _b\"></span>business <span class=\"_ _0\"></span>delle societ\u00e0. In partic<span class=\"_ _1\"></span>olare, tali priorit\u00e0 fanno<span class=\"_ _1\"></span> riferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> princ<span class=\"_ _1\"></span>ipalmente:<span class=\"_ _3\"></span> <span class=\"ff4\"> <span class=\"_ _21\"> </span><span class=\"ff2 fs2\">alla c<span class=\"_ _1\"></span>onsiderazione dei r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>schi <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>egati<span class=\"_ _1\"></span> al camb<span class=\"_ _1\"></span>iamento clima<span class=\"_ _1\"></span>tico durante la p<span class=\"_ _3\"></span>red<span class=\"_ _0\"></span>isp<span class=\"_ _3\"></span>osi<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> e </span></span>la revisione del b<span class=\"_ _1\"></span>ilancio; <span class=\"ff4\"> <span class=\"_ _21\"> </span><span class=\"ff2 fs2\">all'importanza<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>oiezioni <span class=\"_ _0\"></span>realisti<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>dei flu<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>si <span class=\"_ _0\"></span>di cassa <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>'a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bit<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>dete<span class=\"_ _1\"></span>rminazioni </span></span>del valore d\u2019uso delle<span class=\"_ _1\"></span> CGU oggetto di <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mpair<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ent t<span class=\"_ _1\"></span>est; <span class=\"ff4\"> <span class=\"_ _21\"> </span><span class=\"ff2 fs2\">alla <span class=\"_ _5\"></span>valutazione <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>impatti <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>derivanti <span class=\"_ _b\"></span>dalle <span class=\"_ _5\"></span>questioni <span class=\"_ _5\"></span>climatiche <span class=\"_ _5\"></span>sulle <span class=\"_ _5\"></span>attivit\u00e0 </span></span>non finanziarie. <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il Discussion paper n. 1/2022 \u201c<span class=\"_ _0\"></span>I<span class=\"_ _3\"></span>mpairm<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>t test dei non financial assets (IAS 36) a seguito della </span></span>guerra i<span class=\"_ _1\"></span>n Ucraina\u201d <span class=\"_ _3\"></span>pubblicato il <span class=\"_ _3\"></span>29<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>giugno 2<span class=\"_ _1\"></span>022 dall\u2019<span class=\"_ _1\"></span>Organismo Italian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di Val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>taz<span class=\"_ _1\"></span>ione (\u201cOIV\u201d<span class=\"_ _1\"></span>), che <span class=\"_ _1f\"> </span>ri<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ren<span class=\"_ _0\"></span>de<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>i <span class=\"_ _1f\"> </span>con<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uti<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>Public <span class=\"_ _15\"> </span>Statement<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>del <span class=\"_ _16\"> </span>1<span class=\"_ _0\"></span>3 <span class=\"_ _16\"> </span>maggio <span class=\"_ _1f\"> </span>2022 <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll\u2019<span class=\"_ _0\"></span>ESMA<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>(<span class=\"_ _0\"></span>oggett<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>del Richiamo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>attenzione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _1\"></span>onsob <span class=\"_ _6\"></span>del <span class=\"_ _f\"></span>1<span class=\"_ _1\"></span>9 <span class=\"_ _6\"></span>maggio <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>022) <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rnisce <span class=\"_ _6\"></span>indicazioni <span class=\"_ _6\"></span>operative <span class=\"_ _6\"></span>per<span class=\"_ _4a1\"> </span>trattare l<span class=\"_ _0\"></span>\u2019ince<span class=\"_ _1\"></span>rtezza dell<span class=\"_ _0\"></span>\u2019attuale contesto <span class=\"_ _0\"></span>nell\u2019am<span class=\"_ _3\"></span>bito <span class=\"_ _0\"></span>dell\u2019eventuale esercizio <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span>l\u2019im<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>irme<span class=\"_ _1\"></span>nt test.  Ai <span class=\"_ _3\"></span>fini <span class=\"_ _3\"></span>del <span class=\"_ _1\"></span>test <span class=\"_ _8\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>impairment, <span class=\"_ _3\"></span>gi\u00e0 <span class=\"_ _3\"></span>oggetto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>analisi <span class=\"_ _3\"></span>da<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>parte <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>Comitato <span class=\"_ _3\"></span>Controlli, <span class=\"_ _3\"></span>Risc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Sostenibilit\u00e0<span class=\"_ _1\"></span> e <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>successi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>approvazio<span class=\"_ _1\"></span>ne <span class=\"_ _6\"></span>da <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Consiglio <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>Amministrazione<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>Anima <span class=\"_ _b\"></span>H<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>lding <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _6\"></span>5 febbraio <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>25, <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>til<span class=\"_ _1\"></span>izzato <span class=\"_ _5\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>metodo <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>valore <span class=\"_ _5\"></span>d\u2019uso <span class=\"_ _6\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>verifica <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>uperabilit\u00e0 dell\u2019avviamento <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>altre <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _0\"></span>immateriali <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>utile <span class=\"_ _b\"></span>definita, <span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>do <span class=\"_ _b\"></span>conto <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>quanto sopra riportato in mer<span class=\"_ _1\"></span>ito alle raccoman<span class=\"_ _1\"></span>dazioni dell\u2019ESM<span class=\"_ _1\"></span>A e dell\u2019OIV. Al <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>dello <span class=\"_ _0\"></span>svolgiment<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ell\u2019<span class=\"ff5\">impair<span class=\"_ _1\"></span>ment<span class=\"ff2\"> <span class=\"_ _0\"></span></span>test <span class=\"_ _b\"></span><span class=\"ff2\">come d<span class=\"_ _0\"></span>isciplinat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dallo <span class=\"_ _0\"></span>IAS <span class=\"_ _0\"></span>36, <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>Gruppo <span class=\"_ _b\"></span>ha <span class=\"_ _0\"></span>utilizzato <span class=\"_ _0\"></span>il </span></span>metodo <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>d\u2019<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>so <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _5\"></span>assunzioni <span class=\"_ _5\"></span>aggiornate <span class=\"_ _5\"></span>che <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>iflettono <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>svilupp<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _5\"></span>recenti <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>ltime informazioni dispo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ibili. <span class=\"_ _3\"></span> Metodo: Valore d\u2019us<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (<span class=\"ff5\">Value in use</span>)<span class=\"_ _3\"></span> Il <span class=\"_ _6\"></span>valore <span class=\"_ _5\"></span>d\u2019u<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>determinato <span class=\"_ _5\"></span>attraverso <span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>stima <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _6\"></span>attuale <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ussi <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziari <span class=\"_ _6\"></span>futuri <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _5\"></span>si prevede  possano  essere  generati  dalla  CGU  Anima.  Il  valore  di <span class=\"_ _211\"> </span>un\u2019attivit\u00e0  \u00e8  calcolato  attraverso l\u2019attualizzazione  dei  f<span class=\"_ _1\"></span>lussi  finanziari  co<span class=\"_ _1\"></span>mprensivi <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>el  valo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e  terminale<span class=\"_ _1\"></span>  calcolato  come  una <span class=\"_ _f\"> </span>ren<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ita perpetua <span class=\"_ _3\"></span>stimata <span class=\"_ _3\"></span>in <span class=\"_ _1\"></span>base <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>flu<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>normalizzat<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>conomicamente <span class=\"_ _3\"></span>sostenibile <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>coerente <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>il t<span class=\"_ _1\"></span>asso stimato di cres<span class=\"_ _1\"></span>cita di lungo termine.<span class=\"_ _3\"></span> Con l\u2019attualizzaz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>lussi <span class=\"_ _1\"></span>di cassa si <span class=\"_ _1\"></span>determina l\u2019<span class=\"ff5\">Enterprise Valu<span class=\"_ _1\"></span>e<span class=\"ff2\"> della CGU.<span class=\"_ _1\"></span> </span></span>Il <span class=\"_ _0\"></span>metodo di <span class=\"_ _0\"></span>va<span class=\"_ _1\"></span>lutazione <span class=\"_ _0\"></span>ut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>lizzato ai fini <span class=\"_ _0\"></span>della stima d<span class=\"_ _0\"></span>el Value in<span class=\"_ _0\"></span> Use <span class=\"_ _0\"></span>\u00e8 il <span class=\"_ _0\"></span><span class=\"ff5\">Discounted Cash Flow <span class=\"_ _0\"></span></span>(\u201cDCF\u201d)<span class=\"_ _3\"></span> rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> ai fluss<span class=\"_ _1\"></span>i di reddito de<span class=\"_ _1\"></span>lla CGU Anima. I flussi di cassa A <span class=\"_ _1f\"> </span>no<span class=\"_ _0\"></span>rma <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>o <span class=\"_ _15\"> </span>IAS <span class=\"_ _1f\"> </span>36,<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>le <span class=\"_ _1f\"> </span>proiezioni <span class=\"_ _1f\"> </span>dei <span class=\"_ _15\"> </span>flussi <span class=\"_ _1f\"> </span>finanziari <span class=\"_ _1f\"> </span>attesi <span class=\"_ _15\"> </span>devono <span class=\"_ _1f\"> </span>b<span class=\"_ _0\"></span>asa<span class=\"_ _1\"></span>rsi <span class=\"_ _1f\"> </span>sul<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>pi\u00f9 <span class=\"_ _1f\"> </span>recente budget/piano <span class=\"_ _b\"></span>industriale <span class=\"_ _b\"></span>approvato<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>dal <span class=\"_ _b\"></span>Gruppo, <span class=\"_ _b\"></span>nonch\u00e9 <span class=\"_ _b\"></span>su <span class=\"_ _5\"></span>presupposti<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>ionevoli <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>dimostrabili <span class=\"_ _b\"></span>in grado <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>rappresentare<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>migliore <span class=\"_ _0\"></span>stima<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>delle <span class=\"_ _0\"></span>co<span class=\"_ _1\"></span>ndizioni <span class=\"_ _0\"></span>economi<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>future, <span class=\"_ _0\"></span>attese lungo <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>restante vita <span class=\"_ _1f\"> </span>u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>le <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>atti<span class=\"_ _1\"></span>vit\u00e0. <span class=\"_ _15\"> </span>Per <span class=\"_ _1f\"> </span>la <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>eterm<span class=\"_ _1\"></span>inazione <span class=\"_ _16\"> </span>del <span class=\"_ _15\"> </span><span class=\"ff5\">Value <span class=\"_ _1f\"> </span>in <span class=\"_ _1f\"> </span>use <span class=\"_ _15\"> </span></span>al <span class=\"_ _16\"> </span>31<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>dicembre <span class=\"_ _1f\"> </span>2024, <span class=\"_ _1f\"> </span>le <span class=\"_ _15\"> </span>stime prospettiche <span class=\"_ _0\"></span>dei <span class=\"_ _b\"></span>flussi <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>cassa <span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>dalla <span class=\"_ _0\"></span>CGU <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>sono <span class=\"_ _0\"></span>state <span class=\"_ _0\"></span>sv<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>luppate <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>partire <span class=\"_ _b\"></span>dai <span class=\"_ _0\"></span>dati <span class=\"_ _b\"></span>del Budget <span class=\"_ _b\"></span>2025 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>del<span class=\"_ _0\"></span>l\u2019a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio<span class=\"_ _1\"></span>rnamento <span class=\"_ _b\"></span>delle <span class=\"_ _5\"></span>p<span class=\"_ _1\"></span>roi<span class=\"_ _0\"></span>ezi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>economico-finanzia<span class=\"_ _1\"></span>rie <span class=\"_ _b\"></span>2026-2028 <span class=\"_ _b\"></span>(\u201cProiezioni\u201d), approvati <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>Consiglio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Amministrazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _6\"></span>della <span class=\"_ _5\"></span>Soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>30 <span class=\"_ _6\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>nai<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>2025 <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>si<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>icorda <span class=\"_ _5\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>il Piano <span class=\"_ _e\"> </span>Industriale <span class=\"_ _d\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>24-2028 <span class=\"_ _e\"> </span>sottostante <span class=\"_ _e\"> </span>al<span class=\"_ _1\"></span>le <span class=\"_ _e\"> </span>Proiezioni <span class=\"_ _e\"> </span>era <span class=\"_ _e\"> </span>stata <span class=\"_ _d\"> </span>approvato <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>C<span class=\"_ _0\"></span>onsi<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>lio <span class=\"_ _e\"> </span>di Amministrazione in <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata 6 ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio <span class=\"_ _1\"></span>2024. Tali <span class=\"_ _1\"></span>valori sono stati opp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtuname<span class=\"_ _1\"></span>nte esaminati s<span class=\"_ _1\"></span>ulla base di presupposti  ragionevoli  e  dimostra<span class=\"_ _1\"></span>bili,  al  f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e  di  riflettere  i  risultati  nel  frattempo  consunti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ati  e svolgendo <span class=\"_ _5\"></span>le <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>ortune <span class=\"_ _6\"></span>analisi <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>sensitivit\u00e0 <span class=\"_ _5\"></span>volte <span class=\"_ _5\"></span>ad <span class=\"_ _6\"></span>apprezzare <span class=\"_ _5\"></span>eventu<span class=\"_ _0\"></span>ali <span class=\"_ _b\"></span>im<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>tti, <span class=\"_ _6\"></span>sulle <span class=\"_ _5\"></span>assunzioni sottostanti <span class=\"_ _1f\"> </span>le <span class=\"_ _1f\"> </span>stime <span class=\"_ _1f\"> </span>effettuate, <span class=\"_ _16\"> </span>der<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti <span class=\"_ _1f\"> </span>dall\u2019incertezza<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>e <span class=\"_ _15\"> </span>la <span class=\"_ _16\"> </span>v<span class=\"_ _0\"></span>olatilit\u00e0 <span class=\"_ _16\"> </span>che <span class=\"_ _1f\"> </span>car<span class=\"_ _0\"></span>atte<span class=\"_ _1\"></span>rizza <span class=\"_ _16\"> </span>l<span class=\"_ _0\"></span>\u2019attuale<span class=\"_ _3\"></span> contesto <span class=\"_ _b\"></span>macroeconomico <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>settore<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>sviluppa<span class=\"_ _1\"></span>ndo <span class=\"_ _5\"></span>opportuni <span class=\"_ _b\"></span>scenari <span class=\"_ _5\"></span>pe<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giorativi <span class=\"_ _b\"></span>che <span class=\"_ _b\"></span>incorporano anch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> specifiche considerazi<span class=\"_ _1\"></span>oni legate al <span class=\"ff5\">climate ch<span class=\"_ _3\"></span>ange risk.<span class=\"ff2\"> </span></span>Tasso di attualizza<span class=\"_ _1\"></span>zione - \u201cKe\u201d Nel <span class=\"_ _0\"></span>deter<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>inare <span class=\"_ _0\"></span>il <span class=\"_ _b\"></span><span class=\"ff5\">Value <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>use</span>, <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>lussi <span class=\"_ _0\"></span>finanziari <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ono <span class=\"_ _0\"></span>essere <span class=\"_ _0\"></span>attualizzati <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>un <span class=\"_ _b\"></span>tasso <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>incorpori sia <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>valore <span class=\"_ _b\"></span>temporale <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>aro <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>rischi <span class=\"_ _b\"></span>propri <span class=\"_ _b\"></span>dell\u2019attivit\u00e0 <span class=\"_ _0\"></span>sv<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>lta. <span class=\"_ _b\"></span>Il <span class=\"_ _b\"></span>tasso <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>sco<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _b\"></span>utilizzato <span class=\"_ _b\"></span>\u00e8 pari <span class=\"_ _16\"> </span>all\u201910,05% <span class=\"_ _c\"> </span>(10,83% <span class=\"_ _16\"> </span>al <span class=\"_ _16\"> </span>31 <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cembre <span class=\"_ _c\"> </span>20<span class=\"_ _0\"></span>23) <span class=\"_ _211\"> </span>calco<span class=\"_ _0\"></span>lat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>con<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>m<span class=\"_ _0\"></span>etod<span class=\"_ _1\"></span>ologia <span class=\"_ _c\"> </span>i<span class=\"_ _0\"></span>n <span class=\"_ _16\"> </span>linea <span class=\"_ _c\"> </span>con<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>la <span class=\"_ _16\"> </span>prassi valutativa. Il tasso di attualizza<span class=\"_ _1\"></span>zione utilizzato corri<span class=\"_ _3\"></span>spo<span class=\"_ _0\"></span>nde al cost<span class=\"_ _1\"></span>o del capitale di rischio<span class=\"_ _1\"></span>, pari al tasso di  r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dimento  dei  mezzi  pr<span class=\"_ _1\"></span>opri <span class=\"_ _211\"> </span>richiest<span class=\"_ _1\"></span>o  dag<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i  investitori/azionisti  per  investime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti  con  an<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>oghe caratteristiche <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>rischio. <span class=\"_ _1\"></span>Tale <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _1\"></span>stato <span class=\"_ _3\"></span>stimato <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>tilizzan<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>Capital <span class=\"_ _3\"></span>Asset <span class=\"_ _3\"></span>Pricing M<span class=\"_ _1\"></span>odel <span class=\"_ _3\"></span>(\u201cCAPM\u201d)<span class=\"_ _1\"></span> sulla base della se<span class=\"_ _1\"></span>guente formula:<span class=\"_ _1\"></span> Ke = Rf + <span class=\"ff21\">\u03b2</span> * ERP<span class=\"_ _3\"></span> Dove: Rf = tasso <span class=\"_ _3\"></span>di rendime<span class=\"_ _1\"></span>nto delle <span class=\"_ _3\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>priv<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>di risc<span class=\"_ _1\"></span>hio determinato <span class=\"_ _3\"></span>come media <span class=\"_ _1\"></span>degli u<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>timi 1<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>esi de<span class=\"_ _3\"></span>l rendimento <span class=\"_ _0\"></span>lordo <span class=\"_ _0\"></span>annu<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>BTP <span class=\"_ _0\"></span>Italia d<span class=\"_ _0\"></span>ecennale<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>(Banca d<span class=\"_ _0\"></span>\u2019Italia,<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>gennaio 2<span class=\"_ _0\"></span>025)<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>3,71% <span class=\"_ _0\"></span>(4,28% al 31 dicembre 202<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>);  ERP <span class=\"_ _d\"> </span>= <span class=\"_ _d\"> </span>extra <span class=\"_ _15\"> </span>rendimento <span class=\"_ _15\"> </span>medio <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _d\"> </span>mercato <span class=\"_ _d\"> </span>(<span class=\"ff5\">Equ<span class=\"_ _1\"></span>ity <span class=\"_ _15\"> </span>risk <span class=\"_ _d\"> </span>premium<span class=\"ff2\">), <span class=\"_ _15\"> </span>determinato <span class=\"_ _d\"> </span>sulla <span class=\"_ _15\"> </span>base <span class=\"_ _d\"> </span>del </span></span>differenziale <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>dimento <span class=\"_ _f\"> </span>di <span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ngo <span class=\"_ _6\"></span>periodo <span class=\"_ _f\"> </span>tra <span class=\"_ _f\"> </span>i <span class=\"_ _6\"></span>tito<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>azionari <span class=\"_ _f\"> </span>e <span class=\"_ _6\"></span>obbligazionari. <span class=\"_ _f\"> </span>In <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>nuit\u00e0 <span class=\"_ _f\"> </span>con quanto effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ato <span class=\"_ _1\"></span>negli eser<span class=\"_ _1\"></span>cizi precedenti<span class=\"_ _1\"></span>, \u00e8 stato <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onsiderato<span class=\"_ _3\"></span> i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>mag<span class=\"_ _1\"></span>gior valore tra <span class=\"_ _3\"></span>(i<span class=\"_ _0\"></span>)<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>la st<span class=\"_ _3\"></span>ima fornita<span class=\"_ _4a1\"> </span>da A. Damodaran rilevata nel mese<span class=\"_ _1\"></span> di dicembre 2024 pari al 4,33% (valore che <span class=\"_ _1\"></span>riflette le ripercussioni<span class=\"_ _1\"></span> negative <span class=\"_ _c\"> </span>sulle <span class=\"_ _c\"> </span>attivit\u00e0 <span class=\"_ _c\"> </span>economiche <span class=\"_ _211\"> </span>a <span class=\"_ _c\"> </span>livello <span class=\"_ _c\"> </span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>obale <span class=\"_ _211\"> </span>e <span class=\"_ _16\"> </span>sui <span class=\"_ _c\"> </span>mercati <span class=\"_ _211\"> </span>f<span class=\"_ _0\"></span>inanziari <span class=\"_ _211\"> </span>connessi <span class=\"_ _c\"> </span>al <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>ontesto<span class=\"_ _3\"></span> macroeconomico, <span class=\"_ _0\"></span>nonch\u00e9 <span class=\"_ _b\"></span>alle <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uenti <span class=\"_ _0\"></span>politiche <span class=\"_ _0\"></span>monetari<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>restrittive) <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>(ii) <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>paramet<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>pari <span class=\"_ _b\"></span>al 5,50%, <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>osservazioni <span class=\"_ _3\"></span>mediamente <span class=\"_ _3\"></span>appli<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>abili <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>prassi <span class=\"_ _3\"></span>profe<span class=\"_ _1\"></span>ssionale. <span class=\"_ _3\"></span>Al <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>riflettere<span class=\"_ _3\"></span> anch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>raccomandazion<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>fornite <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>ESMA <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>tener<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>considerazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chio <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>egat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>maggi<span class=\"_ _1\"></span>ore inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>tezz<span class=\"_ _1\"></span>a  sui<span class=\"_ _3\"></span>  mercati, <span class=\"_ _f\"> </span>la  So<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _f\"> </span>ha  fatto <span class=\"_ _f\"> </span>pertanto <span class=\"_ _f\"> </span>riferimento  a<span class=\"_ _3\"></span>l  parametro <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>5,50%  (stess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>% utilizzata <span class=\"_ _f\"> </span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>precedente <span class=\"_ _f\"> </span>eser<span class=\"_ _1\"></span>cizio, <span class=\"_ _f\"> </span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o  la<span class=\"_ _3\"></span>  stima <span class=\"_ _f\"> </span>fornita <span class=\"_ _f\"> </span>da  A.<span class=\"_ _3\"></span>  Damoda<span class=\"_ _1\"></span>ran <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levata <span class=\"_ _f\"> </span>nel <span class=\"_ _f\"> </span>m<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>  di dicembre 2023 era pa<span class=\"_ _1\"></span>ri al 4,60%);<span class=\"_ _3\"></span> \u03b2<span class=\"ff2\"> <span class=\"_ _0\"></span>(Beta)= <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>attore <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>correlazione <span class=\"_ _0\"></span>tra <span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>rendiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>effettivo <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>un\u2019azione <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>endime<span class=\"_ _1\"></span>nto <span class=\"_ _0\"></span>complessivo </span>del <span class=\"_ _c\"> </span>mercato <span class=\"_ _c\"> </span>di <span class=\"_ _211\"> </span>r<span class=\"_ _0\"></span>ifer<span class=\"_ _1\"></span>imento <span class=\"_ _c\"> </span>(misura <span class=\"_ _211\"> </span>della <span class=\"_ _211\"> </span>v<span class=\"_ _0\"></span>olatilit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _c\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>un <span class=\"_ _16\"> </span>tit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lo <span class=\"_ _211\"> </span>rispetto <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>mercato), <span class=\"_ _211\"> </span>determinato considerando <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>beta <span class=\"_ _f\"></span><span class=\"ff5\">levere<span class=\"_ _1\"></span>d<span class=\"ff2\"> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>Anima <span class=\"_ _6\"></span>H<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>lding <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>periodo <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>osser<span class=\"_ _1\"></span>vazione <span class=\"_ _6\"></span>q<span class=\"_ _0\"></span>uin<span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>nnale <span class=\"_ _f\"> </span>e <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>na </span></span>frequenza di rile<span class=\"_ _1\"></span>vazione settima<span class=\"_ _1\"></span>nale, pari a 1,15 (1,<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>9 al 31 <span class=\"_ _1\"></span>dic<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mbre 2023). Ai <span class=\"_ _3\"></span>fini <span class=\"_ _1\"></span>del <span class=\"_ _3\"></span>calcolo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>terminal <span class=\"_ _3\"></span>value <span class=\"_ _8\"></span>v<span class=\"_ _0\"></span>iene <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>tilizz<span class=\"_ _1\"></span>ato <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>crescita <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span><span class=\"ff5\">perpetuity <span class=\"_ _3\"></span><span class=\"ff2\">in <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>stime </span></span>di <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>flazione <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>crescita <span class=\"_ _3\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>consumi <span class=\"_ _1\"></span>attese <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>lungo <span class=\"_ _3\"></span>periodo <span class=\"_ _1\"></span>fornite <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>au<span class=\"_ _0\"></span>to<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>evol<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>onti <span class=\"_ _3\"></span>esterne <span class=\"_ _3\"></span>(F<span class=\"_ _1\"></span>ondo Monetario Internazionale<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> Prometeia,<span class=\"_ _3\"></span> BCE,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>xford <span class=\"_ _3\"></span>Ec<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mics e <span class=\"_ _1\"></span>Banc<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>Ita<span class=\"_ _1\"></span>lia). <span class=\"_ _3\"></span> Sulla <span class=\"_ _6\"></span>base <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>fon<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>sopr<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>riportate, <span class=\"_ _5\"></span>tenuto <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>inflazione <span class=\"_ _6\"></span>target <span class=\"_ _5\"></span>fissato <span class=\"_ _5\"></span>da <span class=\"_ _6\"></span>BCE <span class=\"_ _5\"></span>nel medio-lungo <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>l\u2019Area Euro <span class=\"_ _0\"></span>(<span class=\"ff22\">\u223c</span>2<span class=\"_ _0\"></span>%<span class=\"_ _3\"></span>),<span class=\"_ _0\"></span> il <span class=\"_ _b\"></span>tass<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>crescita <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>lun<span class=\"_ _1\"></span>go <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>colloca <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>range tra <span class=\"_ _5\"></span>l\u20191,5% <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>2,0%. <span class=\"_ _5\"></span>In<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>via <span class=\"_ _b\"></span>pr<span class=\"_ _0\"></span>udenziale <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>continuit\u00e0 <span class=\"_ _b\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>gli <span class=\"_ _5\"></span>impairment <span class=\"_ _b\"></span>test <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndotti <span class=\"_ _5\"></span>negli <span class=\"_ _5\"></span>esercizi precedenti, il Gruppo<span class=\"_ _1\"></span> ha deciso di adotta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e un tasso<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>cr<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ita pa<span class=\"_ _1\"></span>ri all\u20191,5%. I <span class=\"_ _c\"> </span>flu<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>scontati <span class=\"_ _c\"> </span>sono <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>netto <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>elle <span class=\"_ _c\"> </span>imposte,  c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olate <span class=\"_ _211\"> </span>con <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>e <span class=\"_ _211\"> </span>aliquote <span class=\"_ _c\"> </span>fiscali <span class=\"_ _211\"> </span>v<span class=\"_ _0\"></span>ige<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _211\"> </span>all<span class=\"_ _0\"></span>a <span class=\"_ _211\"> </span>data <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> approvazione del presente<span class=\"_ _3\"></span> B<span class=\"_ _0\"></span>ila<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cio <span class=\"_ _1\"></span>consolidato.  Analisi di sensiti<span class=\"_ _1\"></span>vity Al fine di me<span class=\"_ _1\"></span>glio apprezzare la se<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sibil<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t\u00e0 dei <span class=\"_ _1\"></span>risulta<span class=\"_ _1\"></span>ti dell\u2019impairment te<span class=\"_ _1\"></span>st rispetto alle<span class=\"_ _3\"></span> v<span class=\"_ _0\"></span>aria<span class=\"_ _1\"></span>zioni degli assunti di base<span class=\"_ _3\"></span>, \u00e8 stata s<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>olta,<span class=\"_ _1\"></span> ai fini<span class=\"_ _1\"></span> del <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>alcol<span class=\"_ _1\"></span>o del v<span class=\"_ _1\"></span>alore d\u2019us<span class=\"_ _1\"></span>o, un\u2019analisi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"ff5\">sensitivity</span> r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>spet<span class=\"_ _1\"></span>to al tasso<span class=\"_ _3\"></span> di <span class=\"_ _0\"></span>attualizzazione c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>Ke <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>tass<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>cres<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ita <span class=\"_ _0\"></span>utilizzato <span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>el c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olo d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>termi<span class=\"_ _1\"></span>nal <span class=\"_ _0\"></span>value. Gli intervalli di variazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne a<span class=\"_ _1\"></span>nalizzati son<span class=\"_ _1\"></span>o i seguenti: \u2022<span class=\"_ _18f\"> </span>K<span class=\"_ _3\"></span>e f<span class=\"_ _0\"></span>ra 9,05% e 1<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>,05%;<span class=\"_ _1\"></span> \u2022<span class=\"_ _18f\"> </span>T<span class=\"_ _1\"></span>asso di crescita in <span class=\"ff5\">perpe<span class=\"_ _1\"></span>tuity<span class=\"ff2\"> fra 0,5% e 2,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>%.<span class=\"_ _1\"></span> </span></span>Analisi di Scenario <span class=\"_ _1\"></span> In <span class=\"_ _b\"></span>continuit\u00e0 <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>gli <span class=\"_ _b\"></span>anni <span class=\"_ _b\"></span>precedenti <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>conf<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rmit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _b\"></span>sugger<span class=\"_ _1\"></span>ito <span class=\"_ _b\"></span>dalla <span class=\"_ _b\"></span>prassi <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>mercato, <span class=\"_ _b\"></span>al fin<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>riflettere <span class=\"_ _0\"></span>la <span class=\"_ _b\"></span>maggio<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>ince<span class=\"_ _1\"></span>rtezza <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>corr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>rispondere<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>all<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>esigenze <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti <span class=\"_ _b\"></span>dal contesto <span class=\"_ _3\"></span>normativo, <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> Gruppo <span class=\"_ _3\"></span>ha <span class=\"_ _1\"></span>ritenuto <span class=\"_ _3\"></span>opportuno <span class=\"_ _3\"></span>sviluppare <span class=\"_ _1\"></span>degli <span class=\"_ _3\"></span>scenari <span class=\"_ _3\"></span>peggiorativi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> ipotesi sottostanti le P<span class=\"_ _1\"></span>roi<span class=\"_ _0\"></span>ezi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni ut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>lizzat<span class=\"_ _1\"></span>e nella stima <span class=\"_ _1\"></span>del <span class=\"ff5\">Value in use</span>.  La <span class=\"_ _0\"></span>finalit\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>tale <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>nalisi <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>quella <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>denziare, c<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>appro<span class=\"_ _1\"></span>ccio <span class=\"_ _0\"></span>sintetico, <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>rischi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>deterioramento della redditivit\u00e0 considerando un <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>gg<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>oramento di diverse grandezze, in particolare una riduzione (i) degli AuM per sh<span class=\"_ _1\"></span>ock di mercato, (ii) dei <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ussi di racc<span class=\"_ _1\"></span>olta netta e (iii) delle<span class=\"_ _1\"></span> commissioni di pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>forman<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e. Tali  scen<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>  pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>edon<span class=\"_ _1\"></span>o  u<span class=\"_ _0\"></span>na <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>iduzio<span class=\"_ _1\"></span>ne  lineare  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll\u2019EBITDA  prospettica  su  ogni  anno  di  previsione esplicita (-5%; -10%<span class=\"_ _1\"></span>; -20%) rispetto alle Pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>iezi<span class=\"_ _1\"></span>oni. Inoltre, <span class=\"_ _0\"></span>il Gruppo ha <span class=\"_ _0\"></span>delineato<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>ulteriore scenario (<span class=\"_ _0\"></span>\u201cStre<span class=\"_ _3\"></span>ss <span class=\"_ _0\"></span>Case scenario\u201d), vol<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> a <span class=\"_ _0\"></span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minare una significativa <span class=\"_ _3\"></span>riduzione <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>performan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gruppo; <span class=\"_ _3\"></span>lo <span class=\"_ _3\"></span>Stress <span class=\"_ _3\"></span>scenario <span class=\"_ _3\"></span>tiene <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>peggiorame<span class=\"_ _1\"></span>nto simultaneo  di  diverse  grandezze,  incorporando  nelle  analisi  condotte  la  riduzione  delle  principali<span class=\"_ _1\"></span> variabili <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>influenzano <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>risultato <span class=\"_ _0\"></span>economi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>caratterizzano i<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>ontesto di <span class=\"_ _b\"></span>riferimento n<span class=\"_ _0\"></span>el qu<span class=\"_ _0\"></span>ale <span class=\"_ _0\"></span>il Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>ope<span class=\"_ _1\"></span>ra <span class=\"_ _0\"></span>(AuM<span class=\"_ _1\"></span>, racco<span class=\"_ _0\"></span>lta<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>netta e com<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ssi<span class=\"_ _1\"></span>oni di <span class=\"_ _0\"></span>performa<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ce), pur mantenendo<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sostanz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>almente<span class=\"_ _1\"></span> invariati <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nvesti<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pr<span class=\"_ _0\"></span>ev<span class=\"_ _1\"></span>isti <span class=\"_ _6\"></span>dalle <span class=\"_ _f\"> </span>P<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>oiezio<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>i <span class=\"_ _6\"></span>costi <span class=\"_ _6\"></span>ad <span class=\"_ _f\"> </span>essi <span class=\"_ _6\"></span>correlati. <span class=\"_ _6\"></span>Tale <span class=\"_ _6\"></span>scenario <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a inoltre le indi<span class=\"_ _1\"></span>cazioni dell\u2019ESMA<span class=\"_ _1\"></span> con riferimento ai risch<span class=\"_ _1\"></span>i climatici.  Le <span class=\"_ _f\"> </span>consid<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>effettuate <span class=\"_ _f\"> </span>hanno  i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>oltre<span class=\"_ _3\"></span>  permesso <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>individuare <span class=\"_ _f\"> </span>il  li<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>\u2018\u2019soglia\u2019\u2019 <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>Ebitda <span class=\"_ _f\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> conduce alla stima di u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>valore recuperabile p<span class=\"_ _1\"></span>ari al valore contabile <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>U Anima. Esiti dell\u2019<span class=\"ff5\">impairment <span class=\"_ _1\"></span>test<span class=\"ff2\"> </span></span>Gli esiti <span class=\"_ _3\"></span>dell\u2019<span class=\"_ _0\"></span><span class=\"ff5\">im<span class=\"_ _3\"></span>pairment test<span class=\"ff2\"> <span class=\"_ _1\"></span>non <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>nziato <span class=\"_ _3\"></span>perd<span class=\"_ _0\"></span>ite <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>valore de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li av<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>iame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>e de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _3\"></span>intangibili </span></span>a <span class=\"_ _1\"></span>vita utile def<span class=\"_ _1\"></span>inita, sia <span class=\"_ _1\"></span>nello s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ena<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>riferimento <span class=\"_ _3\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li a<span class=\"_ _1\"></span>ltri <span class=\"_ _1\"></span>ipotizzati, <span class=\"_ _3\"></span>con un <span class=\"ff5\">recoverable <span class=\"_ _3\"></span>amount<span class=\"ff2\"> </span></span>della CGU Anima super<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re al v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lore di <span class=\"ff5\">carrying amou<span class=\"_ _1\"></span>nt<span class=\"ff2\"> evidenziata nel presente<span class=\"_ _3\"></span> B<span class=\"_ _0\"></span>ila<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cio <span class=\"_ _1\"></span>consolidato. </span></span>Nell\u2019ambito <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>elle <span class=\"_ _1\"></span>analisi <span class=\"_ _3\"></span>svol<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>, a <span class=\"_ _1\"></span>fronte an<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>prac<span class=\"_ _1\"></span>itate <span class=\"_ _1\"></span>raccomandazioni ESM<span class=\"_ _1\"></span>A, si <span class=\"_ _3\"></span>precisa <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he ad <span class=\"_ _b\"></span>oggi <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>si <span class=\"_ _b\"></span>evidenziano<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>impatti <span class=\"_ _0\"></span>rilevanti <span class=\"_ _b\"></span>sul<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>bus<span class=\"_ _1\"></span>iness <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>sulle <span class=\"_ _b\"></span>prospet<span class=\"_ _1\"></span>tive <span class=\"_ _0\"></span>future <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>del Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o  in  a<span class=\"_ _3\"></span>mb<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span><span class=\"ff5\">climate  chang<span class=\"_ _3\"></span>e  risk<span class=\"ff2\">,  a<span class=\"_ _1\"></span>nche <span class=\"_ _f\"> </span>in  co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sideraz<span class=\"_ _1\"></span>ione  de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la <span class=\"_ _f\"> </span>centralit\u00e0 <span class=\"_ _f\"> </span>dell<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>strategia <span class=\"_ _f\"> </span>ESG </span></span>esistente a livello <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i Gruppo <span class=\"_ _1\"></span>come opportunit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>crescita del business.<span class=\"_ _1\"></span> Si segnala che ai f<span class=\"_ _1\"></span>ini delle analisi di<span class=\"_ _1\"></span> <span class=\"ff5\">sensitivity</span> nello s<span class=\"_ _1\"></span>cenario di riferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>: <span class=\"_ _1bb\"> </span><span class=\"ff2\">considerando <span class=\"_ _15\"> </span>l\u2019utilizzo <span class=\"_ _1f\"> </span>del <span class=\"_ _d\"> </span>tasso <span class=\"_ _15\"> </span>di <span class=\"_ _d\"> </span>attualizzazio<span class=\"_ _1\"></span>ne <span class=\"_ _15\"> </span>com<span class=\"_ _0\"></span>plessi<span class=\"_ _3\"></span>vo <span class=\"_ _d\"> </span>Ke <span class=\"_ _15\"> </span>al <span class=\"_ _d\"> </span>11,05%, <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>valore </span>recuperabile si ridu<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e del 9,<span class=\"_ _1\"></span>62%;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">considerando <span class=\"_ _5\"></span>l\u2019<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>ilizzo <span class=\"_ _6\"></span>del <span class=\"_ _f\"> </span>tass<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>cres<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ita <span class=\"_ _6\"></span>in <span class=\"_ _f\"></span>pe<span class=\"_ _1\"></span>rpetuity <span class=\"_ _6\"></span>allo <span class=\"_ _f\"> </span>0,5%,<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>il <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>uperabile <span class=\"_ _6\"></span>si </span>riduce del 7,55%;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">nel caso p<span class=\"_ _3\"></span>i\u00f9 estremo <span class=\"_ _1\"></span>dell\u2019analisi d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> se<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>cons<span class=\"_ _1\"></span>iderando co<span class=\"_ _1\"></span>ngiuntamente l<span class=\"_ _3\"></span>\u2019u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>lizzo del ta<span class=\"_ _1\"></span>sso </span>di <span class=\"_ _b\"></span>attualizzazione <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>plessi<span class=\"_ _3\"></span>vo <span class=\"_ _b\"></span>Ke <span class=\"_ _b\"></span>all\u201911,05% <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>tasso <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>rescita <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>perpetuit<span class=\"_ _1\"></span>y <span class=\"_ _b\"></span>allo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>0,5%, <span class=\"_ _b\"></span>il valore recuperabile si <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>id<span class=\"_ _1\"></span>uc<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>5,58%<span class=\"_ _3\"></span>;<span class=\"_ _4a1\"> </span>Inoltre, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>stata <span class=\"_ _5\"></span>condotta <span class=\"_ _5\"></span>un\u2019an<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>isi<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>individuare <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>attualizzazione <span class=\"_ _5\"></span>\u201csoglia\u201d <span class=\"_ _5\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>eguaglia <span class=\"_ _6\"></span>il valore d\u2019uso <span class=\"_ _1\"></span>della CGU<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Ani<span class=\"_ _1\"></span>ma al su<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>valore contabile; tale <span class=\"_ _3\"></span>valore \u00e8 pari<span class=\"_ _1\"></span> al 21,99%<span class=\"_ _1\"></span> (pari al <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>6,11%<span class=\"_ _3\"></span> al 31 dicembre 2023).<span class=\"_ _1\"></span> Infine, <span class=\"_ _f\"> </span>con  riferime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _f\"> </span>allo <span class=\"_ _f\"> </span>Stress  se<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ario<span class=\"ff5\">,</span> <span class=\"_ _f\"> </span>l\u2019Ebitd<span class=\"_ _3\"></span>a  \u201csoglia\u201d <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>determina <span class=\"_ _f\"> </span>l\u2019<span class=\"_ _0\"></span>eq<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ivalenza <span class=\"_ _f\"></span>del <span class=\"_ _f\"> </span>valore recuperabile della <span class=\"_ _3\"></span>CGU Anima al su<span class=\"_ _1\"></span>o val<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> con<span class=\"_ _0\"></span>tab<span class=\"_ _3\"></span>ile \u00e8 pari a <span class=\"_ _3\"></span>circ<span class=\"_ _0\"></span>a -<span class=\"_ _3\"></span>58,6 % rispett<span class=\"_ _1\"></span>o allo sce<span class=\"_ _1\"></span>nario base. <span class=\"_ _1\"></span> Nel <span class=\"_ _1f\"> </span>contesto <span class=\"_ _1f\"> </span>della <span class=\"_ _1f\"> </span>procedu<span class=\"_ _1\"></span>ra <span class=\"_ _15\"> </span>di <span class=\"_ _1f\"> </span>impairment <span class=\"_ _1f\"> </span>tes<span class=\"_ _1\"></span>t <span class=\"_ _1f\"> </span>so<span class=\"_ _0\"></span>pra <span class=\"_ _16\"> </span>descritta, <span class=\"_ _16\"> </span>An<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ma <span class=\"_ _1f\"> </span>Holding <span class=\"_ _16\"> </span>h<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>chi<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>o <span class=\"_ _15\"> </span>al consulente <span class=\"_ _3\"></span>indipendente <span class=\"_ _3\"></span>EY A<span class=\"_ _1\"></span>dvisory <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _1\"></span>(\u201cEY <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>dvisory\u201d)<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>redisporre<span class=\"_ _1\"></span> u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span><span class=\"ff5\">fairness <span class=\"_ _3\"></span>opinion<span class=\"ff2\"> <span class=\"_ _1\"></span>rispetto </span></span>alla <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>eterminazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>alore <span class=\"_ _5\"></span>recuperabile <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>CGU <span class=\"_ _6\"></span>Anim<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ata <span class=\"_ _5\"></span>dalla <span class=\"_ _6\"></span>Societ\u00e0. <span class=\"_ _5\"></span>Le <span class=\"_ _6\"></span>princi<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>li considerazioni <span class=\"_ _b\"></span>sulle <span class=\"_ _b\"></span>an<span class=\"_ _0\"></span>alis<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>valutative <span class=\"_ _b\"></span>condotte <span class=\"_ _5\"></span>da <span class=\"_ _b\"></span>Anima <span class=\"_ _5\"></span>Holding, <span class=\"_ _5\"></span>esp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esse <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>EY <span class=\"_ _5\"></span>Advisory, <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>di seguito riportate<span class=\"_ _1\"></span>: <span class=\"_ _1bb\"> </span><span class=\"ff2\">il p<span class=\"_ _1\"></span>rocesso di <span class=\"_ _3\"></span>impairment t<span class=\"_ _1\"></span>est svi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>uppa<span class=\"_ _1\"></span>to dalla <span class=\"_ _1\"></span>Socie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _1\"></span>risu<span class=\"_ _0\"></span>lta <span class=\"_ _3\"></span>in conti<span class=\"_ _1\"></span>nuit\u00e0 <span class=\"_ _1\"></span>con quanto <span class=\"_ _3\"></span>svolto al<span class=\"_ _1\"></span> </span>31 dicembre 2023. Tale p<span class=\"_ _1\"></span>rocesso ris<span class=\"_ _1\"></span>ulta strutturato, razionale<span class=\"_ _1\"></span>, tracciabile e ripe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cor<span class=\"_ _1\"></span>ribile; <span class=\"_ _1bb\"> </span><span class=\"ff2\">l\u2019approccio  valutativo  adottato  d<span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>So<span class=\"_ _0\"></span>ciet<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _211\"> </span>risul<span class=\"_ _1\"></span>ta  in<span class=\"_ _0\"></span>  linea  con <span class=\"_ _211\"> </span>le  in<span class=\"_ _0\"></span>dicazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni  dei <span class=\"_ _211\"> </span>principi<span class=\"_ _4a1\"> </span></span>contabili <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>iferi<span class=\"_ _1\"></span>mento, <span class=\"_ _6\"></span>nonch<span class=\"_ _0\"></span>\u00e9 <span class=\"_ _6\"></span>tecnicame<span class=\"_ _1\"></span>nte <span class=\"_ _f\"></span>id<span class=\"_ _1\"></span>oneo <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>determinare <span class=\"_ _6\"></span>in <span class=\"_ _f\"> </span>m<span class=\"_ _1\"></span>odo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ragionevole <span class=\"_ _f\"></span>il<span class=\"_ _1\"></span> valore  d\u2019uso  d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la  CGU  Anim<span class=\"_ _0\"></span>a. <span class=\"_ _f\"> </span>La  m<span class=\"_ _0\"></span>etod<span class=\"_ _1\"></span>ologia  utilizzata  (DCF) <span class=\"_ _211\"> </span>presenta  consolidate  basi dottrinali, <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>isulta <span class=\"_ _6\"></span>comunemente<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>adottata <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>prassi <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tativa<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>nel <span class=\"_ _6\"></span>settore <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>eriment<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>e<span class=\"_ _3\"></span> tiene conto delle pr<span class=\"_ _1\"></span>ospettive redditual<span class=\"_ _1\"></span>i e finanziari<span class=\"_ _1\"></span>e della CGU Anima;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">i  parametri  valutativi  adottati  risultano  comp<span class=\"_ _1\"></span>resi  in  in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>valli  ragionev<span class=\"_ _1\"></span>olmente  osservabili </span>nell\u2019attuale scenario d<span class=\"_ _1\"></span>i mercato;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">gli  am<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>iti  d<span class=\"_ _3\"></span>i  variabilit\u00e0 <span class=\"_ _f\"> </span>considerati  ai <span class=\"_ _f\"> </span>fini  del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>analisi  di <span class=\"_ _f\"> </span>sensitivit\u00e0  a<span class=\"_ _3\"></span>ppaiono  ra<span class=\"_ _1\"></span>gionevoli  e </span>coerenti <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>risultano <span class=\"_ _b\"></span>sostanzialmente <span class=\"_ _0\"></span>allineati <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>quanto <span class=\"_ _b\"></span>mediamente <span class=\"_ _b\"></span>osser<span class=\"_ _1\"></span>vabile <span class=\"_ _b\"></span>sul <span class=\"_ _b\"></span>mercato.<span class=\"_ _4a1\"> </span>Gli <span class=\"_ _f\"> </span>indicato<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>selezionati <span class=\"_ _f\"> </span>pe<span class=\"_ _3\"></span>r <span class=\"_ _f\"> </span>condurre <span class=\"_ _6\"></span>dette <span class=\"_ _6\"></span>analisi <span class=\"_ _f\"> </span>sono <span class=\"_ _5\"></span>q<span class=\"_ _0\"></span>uelli <span class=\"_ _6\"></span>abitualmente <span class=\"_ _6\"></span>utilizzati <span class=\"_ _6\"></span>nell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> prassi valutativa di r<span class=\"_ _1\"></span>iferimento;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">\u00e8 <span class=\"_ _0\"></span>stata <span class=\"_ _b\"></span>riscontrata<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>sostanziale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>orrettezza <span class=\"_ _0\"></span>matemat<span class=\"_ _1\"></span>ica <span class=\"_ _b\"></span>dei <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>oli<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>effettuati <span class=\"_ _b\"></span>dalla<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Societ\u00e0<span class=\"_ _4a1\"> </span></span>ai fini della dete<span class=\"_ _1\"></span>rminazione del val<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ecupe<span class=\"_ _1\"></span>rabile della CGU<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Ani<span class=\"_ _1\"></span>ma;<span class=\"_ _4a1\"> </span><span class=\"_ _1ea\"> </span><span class=\"ff2\">\u00e8 <span class=\"_ _0\"></span>stato osservato che <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>data di riferimento il f<span class=\"_ _0\"></span>air value <span class=\"_ _0\"></span>impli<span class=\"_ _1\"></span>cito<span class=\"_ _0\"></span> nella quotazione borsistica </span>del <span class=\"_ _0\"></span>tito<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>An<span class=\"_ _0\"></span>ima <span class=\"_ _0\"></span>risulti <span class=\"_ _0\"></span>superio<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>valore <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabil<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>CGU. <span class=\"_ _0\"></span>Occorre <span class=\"_ _0\"></span>tuttavia <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>iderare<span class=\"_ _4a1\"> </span>com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>tale <span class=\"_ _5\"></span>quotazione <span class=\"_ _b\"></span>risulti <span class=\"_ _b\"></span>influenzata <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>all<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a <span class=\"_ _5\"></span>pubblica <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>acquisto <span class=\"_ _5\"></span>p<span class=\"_ _1\"></span>romossa <span class=\"_ _b\"></span>da <span class=\"_ _5\"></span>Banco<span class=\"_ _4a1\"> </span>BPM Vita e comuni<span class=\"_ _1\"></span>cata al mercato in dat<span class=\"_ _1\"></span>a 6 novem<span class=\"_ _1\"></span>bre 2024; <span class=\"_ _1bb\"> </span><span class=\"ff2\">infine, <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>stato <span class=\"_ _5\"></span>riscontrato <span class=\"_ _5\"></span>che <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>stimato <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>unzio<span class=\"_ _1\"></span>ne <span class=\"_ _6\"></span>del <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>orrispet<span class=\"_ _1\"></span>tivo <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ic<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nosciuto </span>nell\u2019OPA risulti supe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iore al <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alore <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontabile <span class=\"_ _1\"></span>della re<span class=\"_ _1\"></span>lativa CGU. Di c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nseguenza, EY <span class=\"_ _0\"></span>Advisory ritiene che <span class=\"_ _0\"></span>il metodo di <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>utazione adottato <span class=\"_ _0\"></span>dal<span class=\"_ _1\"></span>la <span class=\"_ _0\"></span>Societ\u00e0<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sia adeguato, in <span class=\"_ _1\"></span>quanto <span class=\"_ _3\"></span>nel<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> circostanza <span class=\"_ _3\"></span>ragionevole <span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>non <span class=\"_ _1\"></span>arbitra<span class=\"_ _1\"></span>rio<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>onforme <span class=\"_ _3\"></span>alle in<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cazioni <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>principi <span class=\"_ _3\"></span>contabili di <span class=\"_ _0\"></span>riferime<span class=\"_ _1\"></span>nto <span class=\"_ _0\"></span>e che <span class=\"_ _0\"></span>lo stesso sia <span class=\"_ _0\"></span>stato correttament<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>plicato <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>fini<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>della determinazione del valore d\u2019uso della CGU A<span class=\"_ _1\"></span>nima oggetto di a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>alisi.<span class=\"_ _3\"></span> 9.2 Attivit\u00e0 immateri<span class=\"_ _1\"></span>ali: variazioni an<span class=\"_ _1\"></span>nue <table class=\"s w4d2 h391\" id=\"_f0c5690c-419f-4cbf-872f-f433f16813bd\"><tr><td></td><td class=\"t m21 x5f3 hac y1933 ff3 fs3a fc1 sc0 ls0 ws0\">31.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1935 w4d3 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">A. Esisten<span class=\"_ _0\"></span>ze<span class=\"_ _1\"></span> in<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>ali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f4 y1935 w4d4 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">1.5<span class=\"_ _0\"></span>93.<span class=\"_ _0\"></span>673<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1936 w4d5 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">B.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Aument<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f5 y1936 w4d6 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>67<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1938 w4d7 h366\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">B.<span class=\"_ _0\"></span>1 Acq<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>ist<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f6 y1938 w4d8 h366\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>743<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1939 w4d9 h366\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">B.<span class=\"_ _0\"></span>4 Alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e varia<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f7 y1939 w4da h366\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>932<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y193a w4db h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">C. Di<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>uzio<span class=\"_ _0\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f8 y193a w4dc h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">(45.16<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y193b w4dd h356\"><div class=\"t m21 x17f hac y1934 ff2 fs3a fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>1 Vend<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>te<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f9 y193b w4de h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y193c w4df h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>2 Am<span class=\"_ _0\"></span>mo<span class=\"_ _3\"></span>rta<span class=\"_ _0\"></span>men<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5fa y193c w4e0 h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">(45.<span class=\"_ _0\"></span>013)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y193d w4e1 h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>3 Rett<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>e di va<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5fb y193d w4e2 h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">(150)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y193e w4e3 h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">- a<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Con<span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>no<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5fc y193e w4e2 h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">(150)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w4e4 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>. <span class=\"_ _1\"></span>Ri<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nenze fin<span class=\"_ _0\"></span>ali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5fd y16d8 w4e5 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">1.5<span class=\"_ _0\"></span>56.18<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr></table>La voce \u201cB.1 Acquist<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>\u201d si rifer<span class=\"_ _1\"></span>isce princip<span class=\"_ _1\"></span>almente a software a<span class=\"_ _1\"></span>cquistati nell\u2019eser<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>izio da An<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ma SGR.<span class=\"_ _3\"></span> La  v<span class=\"_ _1\"></span>oce  \u201cB<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>  Altre<span class=\"_ _3\"></span>  variazioni\u201d<span class=\"_ _1\"></span>  si <span class=\"_ _f\"> </span>riferisce<span class=\"_ _1\"></span>   <span class=\"_ _f\"> </span>princip<span class=\"_ _3\"></span>alm<span class=\"_ _0\"></span>ente <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>(i)  l\u2019a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>viamento<span class=\"_ _1\"></span>  pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vvis<span class=\"_ _1\"></span>orio <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>al conferimento de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>d\u2019azienda <span class=\"_ _1\"></span>effettuata <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>6 agost<span class=\"_ _1\"></span>o 2024 in <span class=\"_ _1\"></span>Vita <span class=\"_ _1\"></span>Srl per <span class=\"_ _3\"></span>circa Euro 2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>8 <span class=\"_ _1\"></span>milioni, (ii)<span class=\"_ _1f\"> </span>l\u2019avviament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>per <span class=\"_ _5\"></span>aggiu<span class=\"_ _0\"></span>stame<span class=\"_ _3\"></span>nto<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>prezzo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>acquisizione <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>Castello <span class=\"_ _5\"></span>SGR, <span class=\"_ _b\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _b\"></span>Euro <span class=\"_ _5\"></span>0,4<span class=\"_ _4a1\"> </span>milioni, <span class=\"_ _f\"></span>rilevato <span class=\"_ _f\"> </span>il <span class=\"_ _f\"></span>2<span class=\"_ _1\"></span>9 <span class=\"_ _f\"> </span>febbraio <span class=\"_ _f\"> </span>2024 <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>se<span class=\"_ _1\"></span>guito <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>erificars<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>eventi <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _6\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>no <span class=\"_ _f\"> </span>reso <span class=\"_ _f\"> </span>certa <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>sua<span class=\"_ _4a1\"> </span>rilevazione, (iii) <span class=\"_ _0\"></span>al marchio \u201cKairos\u201d <span class=\"_ _0\"></span>par<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>a circa <span class=\"_ _0\"></span>E<span class=\"_ _1\"></span>uro <span class=\"_ _0\"></span>2 milioni <span class=\"_ _0\"></span>prese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te nel bilancio <span class=\"_ _0\"></span>sepa<span class=\"_ _1\"></span>rato d<span class=\"_ _0\"></span>i Kairos SGR, <span class=\"_ _0\"></span>(iv) <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>immateriali <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>defi<span class=\"_ _1\"></span>nita <span class=\"_ _0\"></span>presenti <span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>bilanci <span class=\"_ _0\"></span>separati di <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Vita<span class=\"_ _4a1\"> </span>Srl, <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ispettiva<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _0\"></span>pre-acquisizio<span class=\"_ _1\"></span>ne <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>pre-confer<span class=\"_ _1\"></span>imento, <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>totale <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>circa <span class=\"_ _0\"></span>Euro <span class=\"_ _b\"></span>0,5 <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ilio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>(v)<span class=\"_ _4a1\"> </span>all\u2019aggiustamento <span class=\"_ _3\"></span>prezzo <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>corrispondere, <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>circa <span class=\"_ _3\"></span>Euro <span class=\"_ _1\"></span>0,2 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>riferito <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>Mand<span class=\"_ _0\"></span>ati <span class=\"_ _8\"></span>di <span class=\"_ _1\"></span>Gestione,<span class=\"_ _4a1\"> </span>cos\u00ec <span class=\"_ _3\"></span>come <span class=\"_ _1\"></span>previst<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dagli <span class=\"_ _3\"></span>accordi <span class=\"_ _3\"></span>sottoscritti <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>sede <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>acquisto <span class=\"_ _3\"></span>(integrati/m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>difi<span class=\"_ _1\"></span>cati <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ors<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>2020.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-486": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 9 \u2013 Attivit\u00e0 immateriali \u2013 Voce 90 9.1 Attivit\u00e0 immateri<span class=\"_ _1\"></span>ali: composizion<span class=\"_ _1\"></span>e per tipologia di<span class=\"_ _1\"></span> attivit\u00e0<span class=\"_ _1\"></span> <table class=\"s w415 h380\" id=\"_a9db71d2-cb12-4b8e-821c-62787f1d5927\"><tr><td></td><td class=\"c n x563 y18ad w416 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Total<span class=\"_ _0\"></span>e 31.12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x564 y18ad w417 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.<span class=\"_ _0\"></span>2023<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x231 y18ae w418 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Att<span class=\"_ _0\"></span>ivit\u00e0<span class=\"_ _0\"></span> valutat<span class=\"_ _0\"></span>e al costo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x565 y18ae w419 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Atti<span class=\"_ _0\"></span>vit\u00e0 valu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate al fair val<span class=\"_ _0\"></span>ue<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x566 y18ae w41a h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Att<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t\u00e0 valu<span class=\"_ _0\"></span>tate al cost<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x567 y18ae w41b h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">At<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit\u00e0 valut<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> fair value<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1783 w41c h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">1. Avviamento<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x568 y1783 w41d h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">1.168<span class=\"_ _0\"></span>.200<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x569 y1783 w41e h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">1.165<span class=\"_ _0\"></span>.022<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y16e4 w41f h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">2. Alt<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>e att<span class=\"_ _0\"></span>ivit<span class=\"_ _0\"></span>\u00e0 immaterial<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x56a y16e4 w420 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">387.985<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x56b y16e4 w421 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x56c y16e4 w422 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">428<span class=\"_ _0\"></span>.651<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x56d y16e4 w423 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18b0 w424 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span> G<span class=\"_ _3\"></span>enerate i<span class=\"_ _3\"></span>nternamente<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x56e y18b0 w425 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x56f y18b0 w426 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18b1 w427 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _0\"></span> A<span class=\"_ _1\"></span>ltre<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x570 y18b1 w428 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>87.98<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x571 y18b1 w429 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">428.<span class=\"_ _0\"></span>651<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18b2 w42a h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">di cu<span class=\"_ _3\"></span>i so<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>wa<span class=\"_ _0\"></span>re <span class=\"_ _1\"></span>e altre<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x572 y18b2 w42b h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">5.296<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x573 y18b2 w42c h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>379<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18b3 w42d h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">di cu<span class=\"_ _3\"></span>i in<span class=\"_ _3\"></span>tangibili<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x574 y18b3 w429 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">382<span class=\"_ _0\"></span>.689<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x575 y18b3 w429 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">423.<span class=\"_ _0\"></span>272<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x576 y16d8 w42e h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x577 y16d8 w42f h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">1.556.18<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x578 y16d8 w41e h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">1.593<span class=\"_ _0\"></span>.673<span class=\"_ _4a1\"> </span></div></td><td></td></tr></table>Nel <span class=\"_ _b\"></span>prospetto <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>segue <span class=\"_ _b\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>riepilogata<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>la <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>osizione <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _0\"></span>immateriali <span class=\"_ _0\"></span>iscri<span class=\"_ _0\"></span>tte <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>presente Bilancio consolidato <span class=\"_ _1\"></span>del Gruppo:<span class=\"_ _1\"></span> <div class=\"gs59f\"><table class=\"s w430 h381\" id=\"_65f16551-912b-41b8-a112-a0b5d886cdb9\"><tr><td></td><td class=\"c n x579 y18b5 w431 h355\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57a y18b5 w431 h355\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18b7 w432 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to da PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span>x G<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ielle<span class=\"_ _1\"></span> S<span class=\"_ _0\"></span>g<span class=\"_ _3\"></span>r<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57b y18b7 w433 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">42<span class=\"_ _0\"></span>1.95<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57c y18b7 w434 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">421<span class=\"_ _0\"></span>.951<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18b8 w435 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to da PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span>x Prim<span class=\"_ _1\"></span>a S<span class=\"_ _0\"></span>gr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57d y18b8 w436 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">30<span class=\"_ _0\"></span>4.73<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57e y18b8 w434 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">304<span class=\"_ _0\"></span>.736<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18b9 w437 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to da PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> Anima Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57f y18b9 w433 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>6.73<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x580 y18b9 w438 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">316<span class=\"_ _0\"></span>.738<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18ba w439 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to da PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> Compe<span class=\"_ _3\"></span>ndio Scisso <span class=\"_ _0\"></span>BP<span class=\"_ _1\"></span>F<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x581 y18ba w43a h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">44.3<span class=\"_ _0\"></span>27<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x582 y18ba w43b h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.327<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18bb w43c h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> e<span class=\"_ _1\"></span>x Aperta SGR <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> ex Lussemb<span class=\"_ _1\"></span>urg<span class=\"_ _1\"></span>o Gestion<span class=\"_ _3\"></span>i S<span class=\"_ _0\"></span>A<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x583 y18bb w43d h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">17.7<span class=\"_ _0\"></span>11<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x584 y18bb w43e h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>.711<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18bc w43f h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to da PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> Caste<span class=\"_ _1\"></span>llo<span class=\"_ _1\"></span> S<span class=\"_ _0\"></span>gr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x585 y18bc w43d h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">59.9<span class=\"_ _0\"></span>44<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x586 y18bc w440 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.559<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18bd w441 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to prov<span class=\"_ _1\"></span>visorio Vita<span class=\"_ _1\"></span> S<span class=\"_ _0\"></span>.r.l<span class=\"_ _1\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x587 y18bd w442 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">2.79<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18be w443 h355\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">TOTALE<span class=\"_ _1\"></span> AVVI<span class=\"_ _3\"></span>AMENTO CONSOL<span class=\"_ _1\"></span>IDATO<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x588 y18be w444 h355\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>16<span class=\"_ _0\"></span>8.2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x589 y18be w445 h355\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>165<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>022<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m2 x2ed ha5 y18bf ff3 fs38 fc1 sc0 ls0 ws0\">ALT<span class=\"_ _1\"></span>RE ATTIVI<span class=\"_ _3\"></span>TA' <span class=\"_ _0\"></span>I<span class=\"_ _1\"></span>MM<span class=\"_ _0\"></span>ATE<span class=\"_ _3\"></span>RALI<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr></table></div><div class=\"gs5a0\"><table class=\"s w446 h382\" id=\"_aa2ceb8a-0556-4db4-997e-bef5de304e99\"><tr><td class=\"t m2 x2ed ha5 y18c0 ff3 fs38 fc1 sc0 ls0 ws0\">Int<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y18c2 w447 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">Inta<span class=\"_ _3\"></span>ngibil<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>PPA Anima<span class=\"_ _1\"></span> S<span class=\"_ _0\"></span>gr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58a y18c2 w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">11<span class=\"_ _0\"></span>2.12<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58b y18c2 w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">11<span class=\"_ _0\"></span>2.1<span class=\"_ _0\"></span>21<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x58c y18c4 w448 h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">-  di c<span class=\"_ _0\"></span>ui Intan<span class=\"_ _0\"></span>gib<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li bilanc<span class=\"_ _0\"></span>io Anim<span class=\"_ _0\"></span>a Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58d y18c4 w449 h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">17<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _0\"></span>45<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58e y18c4 w44a h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>7.7<span class=\"_ _0\"></span>45<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18c5 w44b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>i e ret<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>iche<span class=\"_ _3\"></span> di valo<span class=\"_ _3\"></span>re ese<span class=\"_ _3\"></span>rcizi pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58f y18c5 w44c h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(9<span class=\"_ _0\"></span>7.736<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x590 y18c5 w44d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(97<span class=\"_ _0\"></span>.203<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18c6 w44e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o e ret<span class=\"_ _3\"></span>tifiche<span class=\"_ _3\"></span> di valore<span class=\"_ _3\"></span> eserc<span class=\"_ _3\"></span>izio corre<span class=\"_ _3\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x591 y18c6 w44f h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(5<span class=\"_ _0\"></span>33<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x592 y18c6 w450 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(5<span class=\"_ _0\"></span>33)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18c7 w451 h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore Residu<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ntang<span class=\"_ _3\"></span>ib<span class=\"_ _3\"></span>ili<span class=\"_ _1\"></span> PP<span class=\"_ _0\"></span>A An<span class=\"_ _3\"></span>ima S<span class=\"_ _0\"></span>g<span class=\"_ _3\"></span>r<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x593 y18c7 w452 h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">13.<span class=\"_ _0\"></span>85<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x594 y18c7 w453 h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>4.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>85<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18c8 w454 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">Inta<span class=\"_ _3\"></span>ngibil<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>PPA e<span class=\"_ _1\"></span>x G<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>stie<span class=\"_ _3\"></span>lle Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x595 y18c8 w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>80.3<span class=\"_ _0\"></span>41<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x596 y18c8 w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">38<span class=\"_ _0\"></span>0.3<span class=\"_ _0\"></span>41<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18c9 w44b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>i e ret<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>iche<span class=\"_ _3\"></span> di valo<span class=\"_ _3\"></span>re ese<span class=\"_ _3\"></span>rcizi pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x597 y18c9 w455 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>52.1<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x598 y18c9 w456 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(126<span class=\"_ _0\"></span>.780<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18ca w44e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o e ret<span class=\"_ _3\"></span>tifiche<span class=\"_ _3\"></span> di valore<span class=\"_ _3\"></span> eserc<span class=\"_ _3\"></span>izio corre<span class=\"_ _3\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x599 y18ca w457 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>5.35<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59a y18ca w458 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(25<span class=\"_ _0\"></span>.356<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18cb w459 h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore Residu<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ntang<span class=\"_ _3\"></span>ib<span class=\"_ _3\"></span>ili<span class=\"_ _1\"></span> PP<span class=\"_ _0\"></span>A e<span class=\"_ _0\"></span>x G<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>le S<span class=\"_ _0\"></span>g<span class=\"_ _3\"></span>r<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59b y18cb w45a h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>02.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>49<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59c y18cb w45b h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">228<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>205<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18cc w45c h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">Inta<span class=\"_ _3\"></span>ngibil<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>PPA Compe<span class=\"_ _3\"></span>ndio Sciss<span class=\"_ _0\"></span>o BPF<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59d y18cc w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>6.87<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59e y18cc w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>6.8<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18cd w44b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>i e ret<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>iche<span class=\"_ _3\"></span> di valo<span class=\"_ _3\"></span>re ese<span class=\"_ _3\"></span>rcizi pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58f y18cd w44c h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(3<span class=\"_ _0\"></span>6.808<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x590 y18cd w44d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(29<span class=\"_ _0\"></span>.689<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18ce w44e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o e ret<span class=\"_ _3\"></span>tifiche<span class=\"_ _3\"></span> di valore<span class=\"_ _3\"></span> eserc<span class=\"_ _3\"></span>izio corre<span class=\"_ _3\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59f y18ce w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(7.1<span class=\"_ _0\"></span>39<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a0 y18ce w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(7<span class=\"_ _0\"></span>.119<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d0 w45e h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore Residu<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ntang<span class=\"_ _3\"></span>ib<span class=\"_ _3\"></span>ili<span class=\"_ _1\"></span> PP<span class=\"_ _0\"></span>A Co<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>pen<span class=\"_ _3\"></span>dio<span class=\"_ _1\"></span> S<span class=\"_ _0\"></span>ci<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>o BPF<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a1 y18d0 w45f h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">62.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>28<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a2 y18d0 w460 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>067<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d1 w461 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">Inta<span class=\"_ _3\"></span>ngibil<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>PPA Cas<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ello Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a3 y18d1 w43a h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">11.2<span class=\"_ _0\"></span>72<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a4 y18d1 w43e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.422<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x58c y18d2 w462 h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">-  di c<span class=\"_ _0\"></span>ui Intan<span class=\"_ _0\"></span>gib<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li bilanc<span class=\"_ _0\"></span>io Castell<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a5 y18d2 w463 h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">2.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a6 y18d2 w464 h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _0\"></span>79<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d3 w44b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>i e ret<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>iche<span class=\"_ _3\"></span> di valo<span class=\"_ _3\"></span>re ese<span class=\"_ _3\"></span>rcizi pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a7 y18d3 w465 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(1.22<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18d4 w44e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o e ret<span class=\"_ _3\"></span>tifiche<span class=\"_ _3\"></span> di valore<span class=\"_ _3\"></span> eserc<span class=\"_ _3\"></span>izio corre<span class=\"_ _3\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59f y18d4 w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(2.7<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a0 y18d4 w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>.220<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d5 w466 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore Residu<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ntang<span class=\"_ _3\"></span>ib<span class=\"_ _3\"></span>ili<span class=\"_ _1\"></span> PP<span class=\"_ _0\"></span>A Ca<span class=\"_ _3\"></span>st<span class=\"_ _0\"></span>ello<span class=\"_ _1\"></span> Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a8 y18d5 w467 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _0\"></span>41<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a9 y18d5 w460 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>201<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d6 w468 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _1\"></span>le Inta<span class=\"_ _3\"></span>ngib<span class=\"_ _3\"></span>il<span class=\"_ _3\"></span>i c<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>soli<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> da PPA<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5aa y18d6 w469 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>6.<span class=\"_ _0\"></span>96<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ab y18d6 w469 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">32<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.8<span class=\"_ _0\"></span>58<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d7 w46a h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">Inta<span class=\"_ _3\"></span>ngibil<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>riferi<span class=\"_ _3\"></span>ti ai M<span class=\"_ _3\"></span>andati<span class=\"_ _1\"></span> di G<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>tione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ac y18d7 w46b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>8.750<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ad y18d7 w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.519<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d8 w44b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>i e ret<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>iche<span class=\"_ _3\"></span> di valo<span class=\"_ _3\"></span>re ese<span class=\"_ _3\"></span>rcizi pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58f y18d8 w44c h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(3<span class=\"_ _0\"></span>8.105<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x590 y18d8 w44d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(31<span class=\"_ _0\"></span>.187<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d9 w44e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o e ret<span class=\"_ _3\"></span>tifiche<span class=\"_ _3\"></span> di valore<span class=\"_ _3\"></span> eserc<span class=\"_ _3\"></span>izio corre<span class=\"_ _3\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59f y18d9 w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(6.9<span class=\"_ _0\"></span>41<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a0 y18d9 w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>.918<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18da w46c h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore Residu<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ntang<span class=\"_ _3\"></span>ib<span class=\"_ _3\"></span>ili<span class=\"_ _1\"></span> ri<span class=\"_ _3\"></span>fe<span class=\"_ _0\"></span>riti<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>i Man<span class=\"_ _3\"></span>dati di<span class=\"_ _3\"></span> Gest<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>one<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ae y18da w453 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>70<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c x5af y18db w2c h5b\"><div class=\"t m2 x3b ha5 y46b ff3 fs38 fc1 sc0 ls0 ws0\">100<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>414<span class=\"_ _0\"></span> </div></td></tr><tr><td class=\"c n x1a9 y18dc w46d h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">M<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rchio K<span class=\"_ _1\"></span>ai<span class=\"_ _3\"></span>ros SGR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b0 y18dc w46e h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>96<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18dd w46f h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">M<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rchio V<span class=\"_ _3\"></span>ita srl<span class=\"_ _1\"></span> (Hall<span class=\"_ _3\"></span>di<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b1 y18dd w470 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">53<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18de w471 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _1\"></span>le Inta<span class=\"_ _3\"></span>ngib<span class=\"_ _3\"></span>il<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57f y18de w469 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">38<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>68<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b2 y18de w469 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">42<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>72<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16e4 w472 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Alt<span class=\"_ _1\"></span>re att<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>t\u00e0 immateri<span class=\"_ _1\"></span>al<span class=\"_ _3\"></span>i c<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>nsoli<span class=\"_ _1\"></span>d<span class=\"_ _3\"></span>ate<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b3 y16e4 w473 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>29<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b4 y16e4 w473 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>379<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d6 w474 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">TOTALE<span class=\"_ _1\"></span> AL<span class=\"_ _1\"></span>TRE<span class=\"_ _1\"></span> ATT<span class=\"_ _0\"></span>I<span class=\"_ _3\"></span>VITA' IMM<span class=\"_ _0\"></span>ATE<span class=\"_ _1\"></span>RIA<span class=\"_ _3\"></span>LI<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b5 y16d6 w475 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">38<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b6 y16d6 w469 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">42<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>51<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w476 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">TOTALE<span class=\"_ _1\"></span> ATTIV<span class=\"_ _3\"></span>ITA'<span class=\"_ _0\"></span> IMMATERIA<span class=\"_ _3\"></span>LI CON<span class=\"_ _3\"></span>S<span class=\"_ _0\"></span>OLI<span class=\"_ _3\"></span>DAT<span class=\"_ _0\"></span>E<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b7 y16d8 w444 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>56.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>85<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b8 y16d8 w477 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>593<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>673<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5a1\">Le <span class=\"_ _21\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1c\"> </span>immateriali <span class=\"_ _1c\"> </span>a <span class=\"_ _1c\"> </span>v<span class=\"_ _0\"></span>ita<span class=\"_ _3\"></span> <span class=\"_ _21\"> </span>utile <span class=\"_ _1c\"> </span>indefinita,<span class=\"_ _1\"></span> <span class=\"_ _21\"> </span>rappresentate<span class=\"_ _3\"></span> <span class=\"_ _21\"> </span>dagli <span class=\"_ _1c\"> </span>avviamenti, <span class=\"_ _1c\"> </span>ammontano </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5a2\">com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te  a  Euro <span class=\"_ _211\"> </span>1.168,2  mi<span class=\"_ _0\"></span>lion<span class=\"_ _1\"></span>i.  L<span class=\"_ _0\"></span>\u2019i<span class=\"_ _1\"></span>ncremento  di<span class=\"_ _0\"></span>  circa  Euro <span class=\"_ _211\"> </span>3,2 <span class=\"_ _211\"> </span>milioni  r<span class=\"_ _0\"></span>ispetto<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>alla <span class=\"_ _211\"> </span>31 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5a3\">dicembre  2023 <span class=\"_ _211\"> </span>\u00e8  stato <span class=\"_ _211\"> </span>determinato<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>dalla  rilevazione  di <span class=\"_ _211\"> </span>(i)  un <span class=\"_ _211\"> </span>avviamento  provvisorio<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span>relativo  al<span class=\"_ _4a1\"> </span></div>conferimento del <span class=\"_ _1\"></span>ramo d\u2019azienda effettuata i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> data <span class=\"_ _3\"></span>6 ag<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>sto 2024 in Vita Srl pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> cir<span class=\"_ _1\"></span>ca Euro 2,8 milion<span class=\"_ _1\"></span>i (per <span class=\"_ _16\"> </span>ulteriori <span class=\"_ _16\"> </span>dettagli <span class=\"_ _16\"> </span>si <span class=\"_ _16\"> </span>rimanda <span class=\"_ _16\"> </span>al <span class=\"_ _16\"> </span>paragrafo <span class=\"_ _16\"> </span>\u201cPa<span class=\"_ _1\"></span>rte <span class=\"_ _16\"> </span>A <span class=\"_ _1f\"> </span>\u2013 <span class=\"_ _16\"> </span>Politiche <span class=\"_ _16\"> </span>contabili, <span class=\"_ _16\"> </span>Altre <span class=\"_ _16\"> </span>informa<span class=\"_ _1\"></span>zioni \u201cOperazione <span class=\"_ _0\"></span>di conferiment<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>ramo aziend<span class=\"_ _0\"></span>a in <span class=\"_ _0\"></span>Vita S<span class=\"_ _1\"></span>rl\u201d <span class=\"_ _0\"></span>della pr<span class=\"_ _0\"></span>esente Nota In<span class=\"_ _0\"></span>teg<span class=\"_ _1\"></span>rativa c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nsolidata) <span class=\"_ _0\"></span>e (ii) un aggiusta<span class=\"_ _1\"></span>mento del prezzo<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>acquis<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>ne di C<span class=\"_ _1\"></span>astello SGR, par<span class=\"_ _1\"></span>i a circa <span class=\"_ _1\"></span>Euro 0,4 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni, <span class=\"_ _1\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ato il<span class=\"_ _4a1\"> </span>29 febbraio 2024, a seg<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> del ve<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ificarsi di eve<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>che hanno reso ce<span class=\"_ _1\"></span>rta la sua rilevazio<span class=\"_ _1\"></span>ne.<span class=\"_ _4a1\"> </span>Le attivit\u00e0 intan<span class=\"_ _1\"></span>gibili a vita utile de<span class=\"_ _1\"></span>finita sono pri<span class=\"_ _1\"></span>ncipalmente costituite da: <span class=\"_ _1bb\"> </span><span class=\"ff2\">rapporti  c<span class=\"_ _1\"></span>ontr<span class=\"_ _0\"></span>att<span class=\"_ _3\"></span>uali,  valorizzati  in  sede<span class=\"_ _3\"></span>  d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>  <span class=\"ff5\">Purch<span class=\"_ _1\"></span>ase  Price  Allocation<span class=\"_ _1\"></span><span class=\"ff2\">  (\u201cPPA\u201d)<span class=\"_ _1\"></span>  di  Anima  SG<span class=\"_ _3\"></span>R<span class=\"_ _4a1\"> </span></span></span></span>avvenuta <span class=\"_ _1c\"> </span>nel <span class=\"_ _1c\"> </span>201<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>, <span class=\"_ _1d\"> </span>nei <span class=\"_ _1c\"> </span>quali <span class=\"_ _1c\"> </span>si <span class=\"_ _1c\"> </span>sostanzia<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _1d\"> </span>la <span class=\"_ _1c\"> </span>relazione <span class=\"_ _1d\"> </span>con <span class=\"_ _1c\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _1d\"> </span>clientela <span class=\"_ _1c\"> </span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uista<span class=\"_ _4a1\"> </span>(completamente <span class=\"_ _211\"> </span>ammortizza<span class=\"_ _1\"></span>ta) <span class=\"_ _211\"> </span>ed <span class=\"_ _211\"> </span>i<span class=\"_ _0\"></span>l  m<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>chi<span class=\"_ _0\"></span>o  \u201cAnima\u201d, <span class=\"_ _211\"> </span>qu<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>\u2019u<span class=\"_ _0\"></span>lt<span class=\"_ _1\"></span>imo <span class=\"_ _211\"> </span>iscritto <span class=\"_ _c\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  un <span class=\"_ _c\"> </span>valore residuo <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>cir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _f\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9 <span class=\"_ _f\"> </span>mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>vi<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>le <span class=\"_ _5\"></span>stimata <span class=\"_ _f\"></span>definita <span class=\"_ _5\"></span>su<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>durata <span class=\"_ _6\"></span>di Anima <span class=\"_ _0\"></span>SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> come pr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ist<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> dallo statuto; <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>l valore di<span class=\"_ _0\"></span> tale intangibile era <span class=\"_ _0\"></span>stato<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uantificato <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ulla base  dei  costi  di<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>pubblicit\u00e0  sosten<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ti  dalla  s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet<span class=\"_ _1\"></span>\u00e0  nei  7  anni  precedenti<span class=\"_ _1\"></span>  all\u2019acquisizio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e  e<span class=\"_ _3\"></span> riv<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tat<span class=\"_ _1\"></span>i ad un tasso de<span class=\"_ _1\"></span>l 2%;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">rapporti <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntrattuali, <span class=\"_ _0\"></span>valorizzati <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>sede <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>PPA <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>ffettuata <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>lla <span class=\"_ _b\"></span>ex <span class=\"_ _0\"></span>Aletti <span class=\"_ _b\"></span>Gest<span class=\"_ _1\"></span>ielle <span class=\"_ _b\"></span>SGR <span class=\"_ _b\"></span>S.p.A.<span class=\"_ _3\"></span> </span>(\u201cGestielle SG<span class=\"_ _1\"></span>R\u201d \u2013 societ\u00e0 p<span class=\"_ _1\"></span>oi incorporata in An<span class=\"_ _1\"></span>ima SGR), nei <span class=\"_ _1\"></span>quali si sostanz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>a la re<span class=\"_ _1\"></span>lazione con la <span class=\"_ _b\"></span>clientela <span class=\"_ _b\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisita <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>valo<span class=\"_ _1\"></span>re <span class=\"_ _b\"></span>residuo <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>202,8 <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ilioni; <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>particolare<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>tenuto <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span>delle <span class=\"_ _1f\"> </span>specificit\u00e0 <span class=\"_ _16\"> </span>delle <span class=\"_ _1f\"> </span>acquisizi<span class=\"_ _1\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>esame <span class=\"_ _1f\"> </span>e <span class=\"_ _16\"> </span>della <span class=\"_ _16\"> </span>prassi <span class=\"_ _1f\"> </span>o<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>mai <span class=\"_ _1f\"> </span>consolidata<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>n<span class=\"_ _0\"></span>el <span class=\"_ _16\"> </span>settor<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> dell\u2019asset <span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>age<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ent,<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>stato <span class=\"_ _0\"></span>identificato <span class=\"_ _b\"></span>l\u2019intang<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>bile <span class=\"_ _0\"></span>\u201c<span class=\"ff5\">Customer <span class=\"_ _b\"></span>Relationshi<span class=\"_ _1\"></span>p<span class=\"ff2\">\u201d <span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cui <span class=\"_ _b\"></span>valore <span class=\"_ _0\"></span>\u00e8<span class=\"_ _4a1\"> </span></span></span>dato <span class=\"_ _211\"> </span>dal <span class=\"_ _c\"> </span>margine  commissionale  n<span class=\"_ _0\"></span>etto  lungo  l<span class=\"_ _0\"></span>a  du<span class=\"_ _0\"></span>rata  economica <span class=\"_ _211\"> </span>del  r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>orto <span class=\"_ _211\"> </span>acquisito, distinguendo <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>redditivit\u00e0 <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>etta<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ass<span class=\"_ _1\"></span>oc<span class=\"_ _0\"></span>ia<span class=\"_ _3\"></span>bi<span class=\"_ _0\"></span>le <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>diff<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>enti <span class=\"_ _5\"></span>tipologie <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>fondi <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>estiti. <span class=\"_ _5\"></span>I <span class=\"_ _5\"></span>volumi utilizzati come base di <span class=\"_ _0\"></span>partenza<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>la valu<span class=\"_ _0\"></span>taz<span class=\"_ _1\"></span>ione dell\u2019intan<span class=\"_ _1\"></span>gibile, sono stati qu<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>lli r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>lativ<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>agl<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span>AuM dei <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ond<span class=\"_ _1\"></span>i gestiti <span class=\"_ _3\"></span>da Gestielle S<span class=\"_ _3\"></span>GR alla <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>acquisizione, <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vvero <span class=\"_ _3\"></span>al 28 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>icemb<span class=\"_ _1\"></span>re 2017<span class=\"_ _1\"></span>; la<span class=\"_ _4a1\"> </span>vita <span class=\"_ _6\"></span>utile <span class=\"_ _5\"></span>stim<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>tale <span class=\"_ _6\"></span>intangibile <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>stata <span class=\"_ _5\"></span>definit<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>quindici <span class=\"_ _6\"></span>anni, <span class=\"_ _5\"></span>con <span class=\"_ _6\"></span>ammortamento <span class=\"_ _5\"></span>in<span class=\"_ _4a1\"> </span>quo<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>costanti; <span class=\"_ _1bb\"> </span><span class=\"ff2\">rapporti <span class=\"_ _c\"> </span>contr<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>uali, <span class=\"_ _c\"> </span>valorizzati <span class=\"_ _16\"> </span>in <span class=\"_ _c\"> </span>sede <span class=\"_ _16\"> </span>di <span class=\"_ _c\"> </span>PPA <span class=\"_ _c\"> </span>eff<span class=\"_ _0\"></span>ettuata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>con <span class=\"_ _16\"> </span>riferimento <span class=\"_ _c\"> </span>alla <span class=\"_ _16\"> </span>sciss<span class=\"_ _1\"></span>ione<span class=\"_ _4a1\"> </span></span>parziale <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _1\"></span>ramo d\u2019azie<span class=\"_ _3\"></span>nd<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>di Ban<span class=\"_ _1\"></span>coPosta Fo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>di S<span class=\"_ _1\"></span>GR <span class=\"_ _1\"></span>(\u201cCompendio <span class=\"_ _3\"></span>Sc<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>sso\u201d <span class=\"_ _1\"></span>\u2013 s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>issione a<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>avore<span class=\"_ _3\"></span> di Anima S<span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>R), per<span class=\"_ _3\"></span> un valore resi<span class=\"_ _1\"></span>duo pari a <span class=\"_ _3\"></span>Euro 62,9 m<span class=\"_ _1\"></span>ilioni; in p<span class=\"_ _1\"></span>articolare \u00e8<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>stat<span class=\"_ _1\"></span>o identificato<span class=\"_ _1\"></span> l\u2019intangibile <span class=\"_ _1f\"> </span>\u201cAccordo <span class=\"_ _16\"> </span>Operativo\u201d, <span class=\"_ _1f\"> </span>il <span class=\"_ _1f\"> </span>cui <span class=\"_ _1f\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _1f\"> </span>\u00e8 <span class=\"_ _1f\"> </span>stato <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nato <span class=\"_ _15\"> </span>sul<span class=\"_ _1\"></span>la <span class=\"_ _1f\"> </span>base <span class=\"_ _1f\"> </span>dei <span class=\"_ _1f\"> </span>flussi fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari <span class=\"_ _e\"> </span>attesi, <span class=\"_ _d\"> </span>g<span class=\"_ _0\"></span>ene<span class=\"_ _1\"></span>rati <span class=\"_ _e\"> </span>dalle <span class=\"_ _e\"> </span>masse <span class=\"_ _d\"> </span>in <span class=\"_ _e\"> </span>gestione <span class=\"_ _e\"> </span>(AuM), <span class=\"_ _d\"> </span>lungo <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>durata<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>dell\u2019<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>ccordo Operativo, <span class=\"_ _6\"></span>stipulato <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _5\"></span>6 <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rzo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>2018 <span class=\"_ _5\"></span>tr<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>Pos<span class=\"_ _3\"></span>te <span class=\"_ _6\"></span>Italiane, <span class=\"_ _6\"></span>BancoPosta <span class=\"_ _5\"></span>Fond<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>SGR, <span class=\"_ _6\"></span>Poste<span class=\"_ _4a1\"> </span>Vita, <span class=\"_ _b\"></span>Ani<span class=\"_ _0\"></span>ma <span class=\"_ _0\"></span>H<span class=\"_ _0\"></span>oldi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>SGR. <span class=\"_ _5\"></span>La <span class=\"_ _b\"></span>vita <span class=\"_ _5\"></span>utile <span class=\"_ _5\"></span>di <span class=\"_ _0\"></span>tale <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>immateriale <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _b\"></span>stata <span class=\"_ _b\"></span>stimata <span class=\"_ _5\"></span>in quindici anni, co<span class=\"_ _1\"></span>n ammortamento in qu<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>te costanti<span class=\"_ _3\"></span>; <span class=\"_ _1bb\"> </span><span class=\"ff2\">rapporti <span class=\"_ _b\"></span>contrattuali, <span class=\"_ _b\"></span>valorizza<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>in <span class=\"_ _b\"></span>sede <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>PPA <span class=\"_ _b\"></span>effett<span class=\"_ _1\"></span>uata <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>riferime<span class=\"_ _1\"></span>nto <span class=\"_ _b\"></span>all<span class=\"_ _0\"></span>\u2019a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _b\"></span>di </span>Castello <span class=\"_ _0\"></span>SGR avv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta in <span class=\"_ _0\"></span>data 19 <span class=\"_ _0\"></span>luglio <span class=\"_ _0\"></span>2023, per <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>valore resi<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>uo <span class=\"_ _0\"></span>pari a <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>7,3 milioni; <span class=\"_ _0\"></span>in particolare,  s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _f\"> </span>stati  individuati <span class=\"_ _f\"> </span>57  intangibi<span class=\"_ _1\"></span>li  a<span class=\"_ _3\"></span>  vita  utile  de<span class=\"_ _1\"></span>finita  relati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i  a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>le <span class=\"_ _f\"> </span>\u201cCustomer<span class=\"_ _4a1\"> </span>Relationship\u201d <span class=\"_ _e\"> </span>connesse <span class=\"_ _d\"> </span>al <span class=\"_ _19\"> </span>rapporto <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>clientela <span class=\"_ _d\"> </span>so<span class=\"_ _0\"></span>ttostante <span class=\"_ _e\"> </span>le <span class=\"_ _e\"> </span>masse <span class=\"_ _e\"> </span>gestite <span class=\"_ _e\"> </span>dai <span class=\"_ _e\"> </span>fondi immobiliari <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>Castello <span class=\"_ _15\"> </span>SGR, <span class=\"_ _15\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>cui<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>valore <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _15\"> </span>stato <span class=\"_ _15\"> </span>determinat<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>considerand<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>il <span class=\"_ _15\"> </span>margine commissionale <span class=\"_ _16\"> </span>netto <span class=\"_ _1f\"> </span>generato <span class=\"_ _16\"> </span>dalle <span class=\"_ _1f\"> </span>masse <span class=\"_ _1f\"> </span>in <span class=\"_ _16\"> </span>gestione <span class=\"_ _1f\"> </span>lungo <span class=\"_ _1f\"> </span>la <span class=\"_ _1f\"> </span>durata <span class=\"_ _16\"> </span>dei <span class=\"_ _1f\"> </span>singoli <span class=\"_ _1f\"> </span>fondi<span class=\"_ _4a1\"> </span>immobiliari <span class=\"_ _19\"> </span>considerati.<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>Come<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>richiesto<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>dai<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>principi <span class=\"_ _e\"> </span>contabili <span class=\"_ _1b\"> </span>inter<span class=\"_ _1\"></span>nazionali, <span class=\"_ _19\"> </span>sono <span class=\"_ _19\"> </span>stati analizzati <span class=\"_ _0\"></span>solo <span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>fo<span class=\"_ _1\"></span>ndi <span class=\"_ _b\"></span>atti<span class=\"_ _1\"></span>vi <span class=\"_ _b\"></span>prima <span class=\"_ _0\"></span>della d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>acquisizione, <span class=\"_ _0\"></span>mentre <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>relazione <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>vita <span class=\"_ _0\"></span>utile delle <span class=\"_ _e\"> </span>Customer <span class=\"_ _e\"> </span>R<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nship<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _19\"> </span>stata <span class=\"_ _e\"> </span>considerat<span class=\"_ _1\"></span>a <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>durata<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>r<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span>dua <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>ias<span class=\"_ _1\"></span>cun <span class=\"_ _e\"> </span>fondo. L\u2019ammortamento <span class=\"_ _21\"> </span>totale <span class=\"_ _1c\"> </span>riportato <span class=\"_ _1c\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _1c\"> </span>tabella <span class=\"_ _1c\"> </span>\u00e8 <span class=\"_ _21\"> </span>calcolato <span class=\"_ _21\"> </span>come <span class=\"_ _21\"> </span>la <span class=\"_ _1c\"> </span>sommatoria <span class=\"_ _21\"> </span>de<span class=\"_ _1\"></span>gli ammortamenti spe<span class=\"_ _1\"></span>cifici di ciascun fo<span class=\"_ _1\"></span>ndo.<span class=\"_ _4a1\"> </span>Si  informa <span class=\"_ _f\"> </span>che  su <span class=\"_ _f\"> </span>tali  intan<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ibili, <span class=\"_ _f\"> </span>in  p<span class=\"_ _1\"></span>articolare  s<span class=\"_ _1\"></span>u <span class=\"_ _f\"> </span>q<span class=\"_ _0\"></span>uelli <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ienti <span class=\"_ _f\"> </span>dal  bilan<span class=\"_ _1\"></span>cio<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>sepa<span class=\"_ _1\"></span>rato  di Castello  S<span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>R,  \u00e8<span class=\"_ _3\"></span>  stata <span class=\"_ _f\"> </span>rilevata <span class=\"_ _f\"> </span>n<span class=\"_ _0\"></span>el <span class=\"_ _f\"> </span>corso <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019esercizio <span class=\"_ _f\"> </span>una  s<span class=\"_ _1\"></span>valutazione  p<span class=\"_ _1\"></span>er <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>E<span class=\"_ _0\"></span>uro <span class=\"_ _f\"> </span>150 migliaia, dovuta pri<span class=\"_ _1\"></span>ncipalmente alla c<span class=\"_ _1\"></span>ontrazione de<span class=\"_ _1\"></span>lle proiezio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i dei <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>lussi di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>assa ge<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>erati <span class=\"_ _1\"></span>dai<span class=\"_ _4a1\"> </span>sottostanti <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>ontratti <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>gestione <span class=\"_ _c\"> </span>dei <span class=\"_ _16\"> </span>fondi <span class=\"_ _16\"> </span>immobiliari <span class=\"_ _16\"> </span>per <span class=\"_ _c\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>significativo <span class=\"_ _16\"> </span>mutament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> contesto macroe<span class=\"_ _1\"></span>conomico e <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziario risp<span class=\"_ _1\"></span>etto a q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>anto<span class=\"_ _1\"></span> osservabile<span class=\"_ _1\"></span> alla data<span class=\"_ _1\"></span> di acquisiz<span class=\"_ _1\"></span>ione;<span class=\"_ _4a1\"> </span>mandati <span class=\"_ _f\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>gestione <span class=\"_ _6\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>delega <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _6\"></span>attivi <span class=\"_ _6\"></span>derivanti <span class=\"_ _6\"></span>dall<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>impresa <span class=\"_ _6\"></span>assicurativa (\u201cMandati <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> Gest<span class=\"_ _3\"></span>ione\u201d) a<span class=\"_ _3\"></span>cqu<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>siti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> contro<span class=\"_ _1\"></span>llata <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>SGR <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> Banca <span class=\"_ _3\"></span>Aletti <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>29<span class=\"_ _3\"></span> giugno<span class=\"_ _4a1\"> </span>2018 <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>valore <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esidu<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>93,7 <span class=\"_ _b\"></span>milioni. <span class=\"_ _b\"></span>In<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>partic<span class=\"_ _0\"></span>olare, <span class=\"_ _b\"></span>tenuto <span class=\"_ _0\"></span>conto<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>della <span class=\"_ _b\"></span>specificit\u00e0<span class=\"_ _4a1\"> </span>dell\u2019acquisizione<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>esame, <span class=\"_ _0\"></span>il v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>dell\u2019attivit\u00e0 in<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>ng<span class=\"_ _0\"></span>ibile<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>(pari <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>rezzo <span class=\"_ _0\"></span>corrispost<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>Banca<span class=\"_ _4a1\"> </span>Aletti), \u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eter<span class=\"_ _1\"></span>minato s<span class=\"_ _3\"></span>ul<span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ase<span class=\"_ _3\"></span> delle <span class=\"_ _3\"></span>masse t<span class=\"_ _3\"></span>rasferite ad<span class=\"_ _1\"></span> Ani<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>SGR alla <span class=\"_ _3\"></span>data di<span class=\"_ _3\"></span> acquisto<span class=\"_ _4a1\"> </span>(pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>9,4 mi<span class=\"_ _0\"></span>lia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>di).<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>La <span class=\"_ _0\"></span>vita<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>utile <span class=\"_ _0\"></span>stimata per <span class=\"_ _0\"></span>tale <span class=\"_ _0\"></span>intangibile<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stata <span class=\"_ _0\"></span>defin<span class=\"_ _1\"></span>ita <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>venti anni, <span class=\"_ _c\"> </span>con <span class=\"_ _c\"> </span>ammortame<span class=\"_ _1\"></span>nto <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>quote <span class=\"_ _c\"> </span>costanti. <span class=\"_ _211\"> </span>Si <span class=\"_ _c\"> </span>informa <span class=\"_ _211\"> </span>ch<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>su <span class=\"_ _211\"> </span>tale <span class=\"_ _c\"> </span>intangibile, <span class=\"_ _211\"> </span>cos\u00ec <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>ome<span class=\"_ _4a1\"> </span>previsto d<span class=\"_ _0\"></span>agli accordi <span class=\"_ _0\"></span>sottos<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritti in<span class=\"_ _0\"></span> sede di<span class=\"_ _0\"></span> acquist<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i<span class=\"_ _0\"></span>nte<span class=\"_ _1\"></span>grati/modificati nel <span class=\"_ _0\"></span>corso d<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>l <span class=\"_ _0\"></span>2020),<span class=\"_ _4a1\"> </span>\u00e8 <span class=\"_ _b\"></span>stato <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ilevato <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>corso <span class=\"_ _b\"></span>dell\u2019esercizi<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>20<span class=\"_ _0\"></span>24 <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>aggiustamento <span class=\"_ _b\"></span>prezzo <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>corrispondere <span class=\"_ _b\"></span>alla controparte per <span class=\"_ _1\"></span>circa Euro 231 migliaia.<span class=\"_ _1\"></span> Si r<span class=\"_ _0\"></span>ico<span class=\"_ _1\"></span>rda c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>per le <span class=\"_ _0\"></span>ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>ni di<span class=\"_ _0\"></span> acquisizione rife<span class=\"_ _1\"></span>rite <span class=\"_ _0\"></span>alla ex G<span class=\"_ _0\"></span>estiel<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e SGR, al Com<span class=\"_ _0\"></span>pen<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>io Scisso <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>ai Mandati di<span class=\"_ _3\"></span> Gestione, <span class=\"_ _3\"></span>gli a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>cordi <span class=\"_ _3\"></span>definiti <span class=\"_ _1\"></span>(come <span class=\"_ _3\"></span>integrati/modificati <span class=\"_ _3\"></span>da quant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>sottoscritto <span class=\"_ _3\"></span>nel corso<span class=\"_ _3\"></span> del 2020) <span class=\"_ _5\"></span>prevedono, <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>linea <span class=\"_ _b\"></span>con <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>prassi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>operazioni <span class=\"_ _5\"></span>analoghe, <span class=\"_ _5\"></span>spe<span class=\"_ _1\"></span>cifici <span class=\"_ _5\"></span>meccanismi <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>protezione <span class=\"_ _b\"></span>e garanzia <span class=\"_ _19\"> </span>(ad <span class=\"_ _19\"> </span>esempio <span class=\"_ _19\"> </span>meccanismi <span class=\"_ _e\"> </span>di <span class=\"_ _19\"> </span>aggiustamento <span class=\"_ _e\"> </span>pr<span class=\"_ _0\"></span>ezz<span class=\"_ _1\"></span>o, <span class=\"_ _e\"> </span>m<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>canismi <span class=\"_ _19\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span><span class=\"ff5\">earn-in <span class=\"_ _19\"> </span>/ <span class=\"_ _19\"> </span>earn-out</span>, mantenimento di <span class=\"_ _0\"></span>determi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ati livelli <span class=\"_ _0\"></span>di quote di <span class=\"_ _0\"></span>mer<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ato d<span class=\"_ _0\"></span>a parte delle c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntroparti dei <span class=\"_ _0\"></span>prod<span class=\"_ _1\"></span>otti <span class=\"_ _0\"></span>gestiti dal <span class=\"_ _0\"></span>Gruppo, <span class=\"_ _0\"></span>meccanism<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fica <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>performance <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>prod<span class=\"_ _1\"></span>otti <span class=\"_ _0\"></span>gestiti <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>Gruppo <span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ime<span class=\"_ _1\"></span>di <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>caso di  <span class=\"ff5\">underperformance<span class=\"_ _1\"></span><span class=\"ff2\">  degli  stessi<span class=\"_ _1\"></span>).  Per  mag<span class=\"_ _1\"></span>giori  detta<span class=\"_ _1\"></span>gli,  si  rimanda  al<span class=\"_ _1\"></span>  Capitolo  X<span class=\"_ _1\"></span>XII  del  Prospetto<span class=\"_ _1\"></span> </span></span>Informativo <span class=\"_ _1f\"> </span>pubblicat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>data <span class=\"_ _16\"> </span>2<span class=\"_ _0\"></span>3 <span class=\"_ _16\"> </span>mar<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>o <span class=\"_ _1f\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>18 <span class=\"_ _16\"> </span>relativo <span class=\"_ _1f\"> </span>all\u2019aumento <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _16\"> </span>e <span class=\"_ _1f\"> </span>ai <span class=\"_ _1f\"> </span>documenti informativi r<span class=\"_ _0\"></span>elativi <span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>operazioni <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>maggiore <span class=\"_ _0\"></span>rile<span class=\"_ _3\"></span>vanza <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>parti correlate <span class=\"_ _0\"></span>pubblicate<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>7 <span class=\"_ _0\"></span>aprile 2020 e in data 21 ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio 2020, <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ispo<span class=\"_ _1\"></span>nibili sul sito d<span class=\"_ _3\"></span>ella Societ\u00e0. Nella <span class=\"_ _6\"></span>successi<span class=\"_ _1\"></span>va <span class=\"_ _6\"></span>tabella <span class=\"_ _5\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rnisce <span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>riconciliazio<span class=\"_ _1\"></span>ne <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>partecipaz<span class=\"_ _1\"></span>ioni <span class=\"_ _6\"></span>detenute <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>la <span class=\"_ _6\"></span>Societ\u00e0 <span class=\"_ _6\"></span>ed iscritte nel <span class=\"_ _1\"></span>Bilancio d<span class=\"_ _3\"></span>i Esercizio e<span class=\"_ _1\"></span> le <span class=\"_ _3\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>imm<span class=\"_ _0\"></span>ate<span class=\"_ _1\"></span>riali evide<span class=\"_ _1\"></span>nziate nel <span class=\"_ _3\"></span>pr<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>nte Bilancio C<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nsolidato:<div class=\"gs547\"><table class=\"s w478 h385\" id=\"_79a90937-298f-4931-884b-df95eb5a9850\"><tr><td class=\"c n x1a9 y18e0 w479 h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">Par<span class=\"_ _0\"></span>tecip<span class=\"_ _0\"></span>azion<span class=\"_ _0\"></span>i i<span class=\"_ _0\"></span>sc<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itt<span class=\"_ _0\"></span>e s<span class=\"_ _3\"></span>u Ani<span class=\"_ _0\"></span>ma <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g bil<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>o s<span class=\"_ _1\"></span>epa<span class=\"_ _0\"></span>rato<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5b9 y18e0 w47a h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">1.929.<span class=\"_ _0\"></span>316<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18e1 w47b h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">Rett<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca per <span class=\"_ _1\"></span>LTIP dell<span class=\"_ _0\"></span>e parte<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>zioni<span class=\"_ _0\"></span> iscr<span class=\"_ _1\"></span>it<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>su Ani<span class=\"_ _0\"></span>ma <span class=\"_ _1\"></span>Ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5ba y18e1 w47c h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">(82.<span class=\"_ _0\"></span>649)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18e2 w47d h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">Rett<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca per <span class=\"_ _1\"></span>versam<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span> a f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>do ped<span class=\"_ _0\"></span>uto p<span class=\"_ _0\"></span>er <span class=\"_ _1\"></span>acqu<span class=\"_ _0\"></span>isizio<span class=\"_ _0\"></span>ne Mand<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span> di Ges<span class=\"_ _1\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a Banca Alett<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5bb y18e2 w47c h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">(90.<span class=\"_ _0\"></span>000)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18e3 w47e h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">Capi<span class=\"_ _0\"></span>tale<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Soc<span class=\"_ _0\"></span>iale An<span class=\"_ _0\"></span>ima A<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ve<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> a <span class=\"_ _1\"></span>fon<span class=\"_ _0\"></span>do p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>uto<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5bc y18e3 w47f h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">(6.<span class=\"_ _0\"></span>567)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18e4 w480 h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">Pat<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>io Net<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i Anima SGR alla dat<span class=\"_ _0\"></span>a di acq<span class=\"_ _0\"></span>uisizi<span class=\"_ _0\"></span>one<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5bd y18e4 w481 h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">(172.<span class=\"_ _0\"></span>084)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18e5 w482 h387\"><div class=\"t m2 x17f ha8 y17bf ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5be y18e6 w483 h388\"><div class=\"t m2 x17f ha8 y189f ff2 fs39 fc1 sc0 ls0 ws0\">(161.<span class=\"_ _0\"></span>509)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18e8 w484 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (r<span class=\"_ _1\"></span>if. Gestielle<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>SGR)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5bf y18e9 w485 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(10.<span class=\"_ _0\"></span>175)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18ea w486 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (r<span class=\"_ _1\"></span>if. BP<span class=\"_ _0\"></span>F)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c0 y18eb w487 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(400)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18ed w488 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Di<span class=\"_ _0\"></span>fferenze s<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>iche di con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ament<span class=\"_ _0\"></span>o delle societ\u00e0 con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>ate da Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a SGR<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5c1 y18ed w489 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">9.<span class=\"_ _0\"></span>186<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18ee w48a h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Lus<span class=\"_ _0\"></span>semburgo Gest<span class=\"_ _0\"></span>ioni S<span class=\"_ _3\"></span>A<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c2 y18ef w201 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18f0 w48b h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> M<span class=\"_ _1\"></span>an<span class=\"_ _0\"></span>agement C<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>pa<span class=\"_ _0\"></span>ny S<span class=\"_ _3\"></span>A<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c3 y18f1 w48c h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>218<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c x1a9 y18f3 w48d h38c\"><div class=\"t m2 x17f ha8 y18f2 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> Ass<span class=\"_ _0\"></span>et Mana<span class=\"_ _0\"></span>gement Ltd e e<span class=\"_ _1\"></span>x AA<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>F<span class=\"_ _4a1\"> </span></div><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Pat<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>io Net<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i Cas<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ello<span class=\"_ _0\"></span> SGR <span class=\"_ _3\"></span>al<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata d<span class=\"_ _0\"></span>i acqui<span class=\"_ _0\"></span>sizione<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span> i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ess<span class=\"_ _1\"></span>enze di<span class=\"_ _0\"></span> terzi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c4 y18f4 w48e h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(1.<span class=\"_ _0\"></span>868)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c5 y18f3 w489 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>342<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18f5 w48f h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Cast<span class=\"_ _0\"></span>ello SG<span class=\"_ _3\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c6 y18f6 w485 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(13.<span class=\"_ _0\"></span>092)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18f7 w490 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">In<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>nze di<span class=\"_ _3\"></span> te<span class=\"_ _0\"></span>rz<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c7 y18f8 w491 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">15.<span class=\"_ _0\"></span>434<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18f9 w492 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Avvi<span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>ent<span class=\"_ _0\"></span>o p<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>sente n<span class=\"_ _0\"></span>elle s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet<span class=\"_ _0\"></span>\u00e0 parteci<span class=\"_ _0\"></span>pat<span class=\"_ _0\"></span>e alla dat<span class=\"_ _0\"></span>a di acq<span class=\"_ _0\"></span>uisizi<span class=\"_ _0\"></span>one<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5c8 y18f9 w493 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">30.25<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18fa w482 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c9 y18fb w491 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">25.<span class=\"_ _0\"></span>686<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18fc w48f h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Cast<span class=\"_ _0\"></span>ello SG<span class=\"_ _3\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ca y18fd w48c h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>780<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18fe w494 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Vita<span class=\"_ _0\"></span> S<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>r.<span class=\"_ _0\"></span>l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5cb y18ff w48c h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>793<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1900 w495 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Ril<span class=\"_ _0\"></span>evazio<span class=\"_ _0\"></span>ni Marchi<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5cc y1900 w47f h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>016)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1901 w496 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ka<span class=\"_ _0\"></span>iros P<span class=\"_ _0\"></span>artne<span class=\"_ _0\"></span>rs SG<span class=\"_ _3\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5cd y1902 w497 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>1.<span class=\"_ _0\"></span>963)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1903 w494 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Vita<span class=\"_ _0\"></span> S<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>r.<span class=\"_ _0\"></span>l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ce y1904 w498 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(53)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1905 w499 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Adeg<span class=\"_ _0\"></span>uame<span class=\"_ _1\"></span>nt<span class=\"_ _0\"></span>o p<span class=\"_ _0\"></span>er <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ri<span class=\"_ _0\"></span>levati i<span class=\"_ _0\"></span>n se<span class=\"_ _1\"></span>de di<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>PP<span class=\"_ _0\"></span>A (al netto<span class=\"_ _0\"></span> dell<span class=\"_ _0\"></span>e imposte diff<span class=\"_ _0\"></span>erit<span class=\"_ _0\"></span>e)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5cf y1905 w49a h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(460.<span class=\"_ _0\"></span>147)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1906 w49b h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (PPA<span class=\"_ _0\"></span> ese<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>cizi precedenti)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d0 y1907 w49c h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(91.<span class=\"_ _0\"></span>164)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1908 w49d h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (presen<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>nel bilancio civ<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>tico <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>lla contro<span class=\"_ _0\"></span>llata<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d1 y1909 w49c h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(17.<span class=\"_ _0\"></span>745)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y190a w49e h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (r<span class=\"_ _1\"></span>if. Ap<span class=\"_ _0\"></span>erta<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>SGR e L<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. Gestioni)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d2 y190b w49f h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>886<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y190c w4a0 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (presen<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>nel bilancio civ<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>tico <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>lla contro<span class=\"_ _0\"></span>llata<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>e rif. Ape<span class=\"_ _0\"></span>rta SG<span class=\"_ _3\"></span>R e Lus<span class=\"_ _0\"></span>s. Gestio<span class=\"_ _0\"></span>ni)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d3 y190d w4a1 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(9.<span class=\"_ _0\"></span>680<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y190e w484 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (r<span class=\"_ _1\"></span>if. Gestielle<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>SGR)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d4 y190f w4a2 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(267.<span class=\"_ _0\"></span>874)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1910 w486 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (r<span class=\"_ _1\"></span>if. BP<span class=\"_ _0\"></span>F)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5bf y1911 w485 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(75.<span class=\"_ _0\"></span>272)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1912 w4a3 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Cast<span class=\"_ _0\"></span>ello SG<span class=\"_ _3\"></span>R (<span class=\"_ _0\"></span>PPA<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d5 y1913 w48e h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(8.<span class=\"_ _0\"></span>777)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1914 w4a4 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Cast<span class=\"_ _0\"></span>ello SG<span class=\"_ _3\"></span>R (<span class=\"_ _0\"></span>presenti ne<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _1\"></span>anccio c<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _1\"></span>listico della <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>llata)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d6 y1915 w49f h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>479<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1767 w4a5 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Rett<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>che di valo<span class=\"_ _0\"></span>re <span class=\"_ _1\"></span>pe<span class=\"_ _0\"></span>r oneri acces<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ri acqui<span class=\"_ _0\"></span>sto par<span class=\"_ _0\"></span>tecipaz<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>e r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>dot<span class=\"_ _0\"></span>ti a con<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>econo<span class=\"_ _0\"></span>mico (I<span class=\"_ _1\"></span>FRS<span class=\"_ _0\"></span> 3)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5d7 y1767 w4a6 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(22.0<span class=\"_ _0\"></span>04)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1916 w482 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d8 y1917 w48e h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(9.<span class=\"_ _0\"></span>517)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1918 w4a7 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">ex Ap<span class=\"_ _0\"></span>erta SGR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d9 y1919 w4a8 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(671)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y191a w48a h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Lus<span class=\"_ _0\"></span>semburgo Gest<span class=\"_ _0\"></span>ioni S<span class=\"_ _3\"></span>A<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5da y191b w487 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(185)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y191c w4a9 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>etti S<span class=\"_ _1\"></span>GR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d8 y191c w48e h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(6.<span class=\"_ _0\"></span>438)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y191d w4aa h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">BPF<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5db y191d w48e h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(3.<span class=\"_ _0\"></span>445)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x5dc y191e w4ab h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">di c<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>Cas<span class=\"_ _0\"></span>tello SGR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5db y191e w4ac h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">(1.<span class=\"_ _0\"></span>748)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y191f w4ad h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">di cui<span class=\"_ _3\"></span> K<span class=\"_ _0\"></span>airos<span class=\"_ _0\"></span> Pa<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _0\"></span>ners SGR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5dd y191f w4ae h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">(80<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1920 w4af h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Alt<span class=\"_ _0\"></span>re retti<span class=\"_ _0\"></span>fich<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i valor<span class=\"_ _0\"></span>e per prin<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>ip<span class=\"_ _0\"></span>i i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ernazion<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5de y1920 w4b0 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>881)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1921 w4b1 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (adeg. a<span class=\"_ _0\"></span>l fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue pres<span class=\"_ _0\"></span>tito s<span class=\"_ _0\"></span>ubordinat<span class=\"_ _0\"></span>o pre<span class=\"_ _0\"></span>sente alla<span class=\"_ _0\"></span> data<span class=\"_ _0\"></span> d<span class=\"_ _1\"></span>i acquisizio<span class=\"_ _0\"></span>ne al netto dell<span class=\"_ _0\"></span>e im<span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>te diffe<span class=\"_ _1\"></span>rite<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5df y1922 w4b0 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>609)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x5dc y1923 w4b2 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">di c<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sivit\u00e0 per corris<span class=\"_ _0\"></span>pettivi <span class=\"_ _1\"></span>p<span class=\"_ _0\"></span>otenzia<span class=\"_ _0\"></span>li<span class=\"_ _3\"></span> individuat<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>in sed<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>di PPA<span class=\"_ _0\"></span> ex Ape<span class=\"_ _0\"></span>rta<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e0 y1923 w4b3 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">(657)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x5dc y1924 w4b4 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">di c<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>djust<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>nt C<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ello SG<span class=\"_ _3\"></span>R su a<span class=\"_ _0\"></span>vvi<span class=\"_ _1\"></span>amento<span class=\"_ _0\"></span> al Full G<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>dwil<span class=\"_ _1\"></span>l<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e1 y1924 w4b5 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">385<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1925 w4b6 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Ril<span class=\"_ _0\"></span>evazio<span class=\"_ _0\"></span>ne <span class=\"_ _1\"></span>ne<span class=\"_ _0\"></span>l conto<span class=\"_ _0\"></span> ec<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>omico con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span> dell'a<span class=\"_ _0\"></span>ggiu<span class=\"_ _0\"></span>stame<span class=\"_ _1\"></span>nt<span class=\"_ _0\"></span>o p<span class=\"_ _0\"></span>re<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>zo (IFRS3) ac<span class=\"_ _1\"></span>qu<span class=\"_ _0\"></span>isizi<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span> es<span class=\"_ _3\"></span>erci<span class=\"_ _0\"></span>zi p<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>eceden<span class=\"_ _0\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5e2 y1925 w4b7 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">54.<span class=\"_ _0\"></span>148<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1926 w4b8 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Ril<span class=\"_ _0\"></span>evazio<span class=\"_ _0\"></span>ne <span class=\"_ _1\"></span>ne<span class=\"_ _0\"></span>l conto<span class=\"_ _0\"></span> ec<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>omico con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span> del Badwill<span class=\"_ _0\"></span> (IFRS3) <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne <span class=\"_ _1\"></span>Kai<span class=\"_ _0\"></span>ros Part<span class=\"_ _0\"></span>ners<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5e3 y1926 w4b9 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(18.<span class=\"_ _0\"></span>681)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1927 w4ba h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Rett<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca util<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>/perdi<span class=\"_ _0\"></span>te da cess<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>one di<span class=\"_ _0\"></span> parte<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>ip<span class=\"_ _0\"></span>azio<span class=\"_ _0\"></span>ne in<span class=\"_ _0\"></span>tragrup<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span> es<span class=\"_ _3\"></span>erciz<span class=\"_ _0\"></span>i precedent<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5e4 y1927 w498 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(90)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w4bb h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale avviamento<span class=\"_ _0\"></span> Bil<span class=\"_ _0\"></span>ancio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _0\"></span>ns<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>dato<span class=\"_ _0\"></span> al 31/1<span class=\"_ _0\"></span>2/20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5e5 y16d8 w4bc h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">1.17<span class=\"_ _0\"></span>0.132<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"gs5ca\"><table class=\"s w4bd h38f\" id=\"_3e2ff52a-dd09-4132-b90a-913b63ebd1d0\"><tr><td class=\"t m2 x2ed ha7 y1928 ff3 fs39 fc1 sc0 ls0 ws0\">Rico<span class=\"_ _0\"></span>ncili<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>one at<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>t\u00e0 immateri<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Bi<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>cio Consol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>to al<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1/12<span class=\"_ _0\"></span>/202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></td><td></td></tr><tr><td class=\"c n x1a9 y1929 w4be h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Fa<span class=\"_ _0\"></span>ir <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue degli intangible identific<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>ti i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> sede di PPA<span class=\"_ _0\"></span> al lordo di ammorta<span class=\"_ _0\"></span>menti ed i<span class=\"_ _3\"></span>mpo<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>e dif<span class=\"_ _3\"></span>fe<span class=\"_ _0\"></span>rite<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e6 y192a w4bf h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">622.<span class=\"_ _0\"></span>971<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y192b w4c0 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Fa<span class=\"_ _0\"></span>ir <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue degli  altri intangibili <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> vita utile definita<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e7 y192c w4bf h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">138.<span class=\"_ _0\"></span>750<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y192d w4c1 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ammort<span class=\"_ _0\"></span>amenti in<span class=\"_ _1\"></span>ta<span class=\"_ _0\"></span>ngibili anni <span class=\"_ _1\"></span>2009<span class=\"_ _0\"></span>-2023<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e8 y192e w4c2 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(38<span class=\"_ _0\"></span>1.0<span class=\"_ _0\"></span>47)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y192f w4c3 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale Intan<span class=\"_ _0\"></span>gibi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i Bil<span class=\"_ _0\"></span>ancio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>idat<span class=\"_ _0\"></span>o al 31/1<span class=\"_ _0\"></span>2/202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e9 y192f w4c4 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">380.<span class=\"_ _0\"></span>674<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1927 w4c5 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Alt<span class=\"_ _0\"></span>re immobil<span class=\"_ _0\"></span>izzazio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i immaterial<span class=\"_ _0\"></span>i con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ea y1927 w4c6 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>379<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w4c7 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale att<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vit\u00e0 immateri<span class=\"_ _0\"></span>ali da<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Bil<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>o C<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idat<span class=\"_ _0\"></span>o al<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1/12<span class=\"_ _0\"></span>/202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5eb y16d8 w4bc h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">1.55<span class=\"_ _0\"></span>6.185<span class=\"_ _4a1\"> </span></div></td></tr></table></div>Impairment test L\u2019avviamento, <span class=\"_ _15\"> </span>secondo <span class=\"_ _1f\"> </span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>dispost<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>dallo <span class=\"_ _15\"> </span>IAS <span class=\"_ _1f\"> </span>3<span class=\"_ _0\"></span>6, <span class=\"_ _1f\"> </span>dev<span class=\"_ _0\"></span>e <span class=\"_ _15\"> </span>essere <span class=\"_ _15\"> </span>sottopost<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>annualmente <span class=\"_ _15\"> </span>ad impairment test<span class=\"ff2\"> per <span class=\"_ _1\"></span>verificarne la rec<span class=\"_ _1\"></span>uperabilit\u00e0. </span>Vi <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>u<span class=\"_ _0\"></span>na <span class=\"_ _5\"></span>perdita <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _6\"></span>ogniqualvolta <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _b\"></span>con<span class=\"_ _0\"></span>tabi<span class=\"_ _1\"></span>le <span class=\"_ _6\"></span>(\u201c<span class=\"ff5\">carrying <span class=\"_ _5\"></span>amount\u201d</span>) <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>un\u2019attivit\u00e0 <span class=\"_ _6\"></span>- <span class=\"_ _6\"></span>intesa individualmente o<span class=\"_ _0\"></span> come <span class=\"_ _0\"></span><span class=\"ff5\">cash <span class=\"_ _0\"></span>ge<span class=\"_ _1\"></span>nerating<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>unit <span class=\"ff2\">(\u201cC<span class=\"_ _0\"></span>GU\u201d), ovv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>il \u201ccentro d<span class=\"_ _0\"></span>i r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cavo\u201d <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>min<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ri dim<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>si<span class=\"_ _1\"></span>oni </span></span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ui <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>possibile <span class=\"_ _5\"></span>im<span class=\"_ _0\"></span>puta<span class=\"_ _3\"></span>re <span class=\"_ _f\"> </span>specifici<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _1\"></span>lussi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cassa <span class=\"_ _6\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>maggiore <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>recuperabile <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>stessa (\"<span class=\"ff5\">recoverable<span class=\"_ _1\"></span> amount\u201d<span class=\"ff2\">). Il valore recuperabi<span class=\"_ _1\"></span>le \u00e8 il ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giore tra il fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value al <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>etto <span class=\"_ _1\"></span>dei costi di vendita e </span></span>il valore d\u2019uso (\u201c<span class=\"ff5\">value in use\"<span class=\"_ _3\"></span>)<span class=\"ff2\">. </span></span>A tal <span class=\"_ _0\"></span>fine, l\u2019avviamento deve <span class=\"_ _0\"></span>esse<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e allocato a singole <span class=\"_ _0\"></span>o a gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>i di <span class=\"_ _0\"></span>unit\u00e0 generatri<span class=\"_ _1\"></span>ci d<span class=\"_ _0\"></span>i flussi finanziari dell\u2019acquirente in <span class=\"_ _0\"></span>modo che <span class=\"_ _0\"></span>tali unit\u00e0 <span class=\"_ _0\"></span>be<span class=\"_ _1\"></span>neficino d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e sinergie <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019agg<span class=\"_ _1\"></span>regazione, in<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ipendenteme<span class=\"_ _1\"></span>nte dal fatto che altre atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 o passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 de<span class=\"_ _1\"></span>ll\u2019acquisito <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>ano asse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nate a tali<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>nit\u00e0 o gruppi di u<span class=\"_ _1\"></span>nit\u00e0.  Nel <span class=\"_ _0\"></span>Bilan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>consolidato<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Ani<span class=\"_ _1\"></span>ma <span class=\"_ _0\"></span>H<span class=\"_ _1\"></span>olding, le <span class=\"_ _0\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>immateriali a vita uti<span class=\"_ _0\"></span>le indefinita,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rappresentate dagli <span class=\"_ _e\"> </span>avviamenti, <span class=\"_ _e\"> </span>amm<span class=\"_ _1\"></span>ontano <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>amente<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>a <span class=\"_ _e\"> </span>Euro <span class=\"_ _e\"> </span>1.168,2 <span class=\"_ _e\"> </span>mili<span class=\"_ _1\"></span>oni; <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>seguito, <span class=\"_ _d\"> </span>alle <span class=\"_ _e\"> </span>varie acquisizioni/fusio<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>per<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>corporazio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>av<span class=\"_ _1\"></span>venute <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>egli <span class=\"_ _6\"></span>anni, <span class=\"_ _6\"></span>gli <span class=\"_ _f\"> </span>av<span class=\"_ _1\"></span>viamenti <span class=\"_ _6\"></span>sono <span class=\"_ _f\"> </span>da <span class=\"_ _5\"></span>considerarsi <span class=\"_ _6\"></span>un unico <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>indistinto <span class=\"_ _5\"></span>avviame<span class=\"_ _1\"></span>nto, <span class=\"_ _5\"></span>allocato <span class=\"_ _5\"></span>all\u2019unica <span class=\"_ _b\"></span>CGU <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _b\"></span>dedicata <span class=\"_ _5\"></span>alla <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>estione <span class=\"_ _b\"></span>del risparmio (\u201cCGU A<span class=\"_ _1\"></span>nima\u201d - rapp<span class=\"_ _1\"></span>resentata dalle socie<span class=\"_ _3\"></span>t\u00e0 operativ<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el G<span class=\"_ _1\"></span>ru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o), in quanto:  \u2022<span class=\"ff4 fs5\"> <span class=\"_ _109\"> </span></span> i<span class=\"_ _0\"></span>l <span class=\"_ _6\"></span>man<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>gement <span class=\"_ _f\"> </span>del<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>Grupp<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>gestisce <span class=\"_ _f\"> </span>le <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>str<span class=\"_ _0\"></span>egua <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un\u2019unica <span class=\"_ _6\"></span>CGU<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>grado<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di generare flussi di re<span class=\"_ _1\"></span>ddito e di <span class=\"_ _1\"></span>cassa;  \u2022<span class=\"ff4 fs5\"> <span class=\"_ _109\"> </span></span>n<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>esiste <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>reporting <span class=\"_ _3\"></span>separato<span class=\"_ _3\"></span> (\u201c<span class=\"ff5\">segme<span class=\"_ _1\"></span>nt <span class=\"_ _3\"></span>reporting<span class=\"_ _3\"></span><span class=\"ff2\">\u201d<span class=\"_ _0\"></span>) <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>le <span class=\"_ _1\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _3\"></span>oggetto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>acquisizione; <span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4 fs5\"> <span class=\"_ _109\"> </span></span>An<span class=\"_ _0\"></span>ima  Holding  non  d<span class=\"_ _0\"></span>etiene<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>alcuna  attivit\u00e0/passi<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _211\"> </span>estranea  al <span class=\"_ _c\"> </span>proprio  business  (c.d. surplus asset<span class=\"ff2\">). <span class=\"_ _1\"></span> </span>Inoltre, <span class=\"_ _15\"> </span>all\u2019inte<span class=\"_ _1\"></span>rno <span class=\"_ _15\"> </span>della <span class=\"_ _1f\"> </span>CGU <span class=\"_ _1f\"> </span>Anima <span class=\"_ _15\"> </span>a <span class=\"_ _1f\"> </span>cui <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _1f\"> </span>allocato <span class=\"_ _1f\"> </span>l\u2019<span class=\"_ _0\"></span>av<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>iame<span class=\"_ _1\"></span>nto, <span class=\"_ _15\"> </span>sono <span class=\"_ _16\"> </span>r<span class=\"_ _0\"></span>icomp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ese <span class=\"_ _1f\"> </span>le <span class=\"_ _15\"> </span>attivit\u00e0<span class=\"_ _1\"></span> immateriali <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>vita <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>tile <span class=\"_ _8\"></span>defin<span class=\"_ _0\"></span>ita,<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>individuate <span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>fase <span class=\"_ _3\"></span>di <span class=\"_ _8\"></span>PPA <span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>attravers<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>acquis<span class=\"_ _1\"></span>ite, <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>import<span class=\"_ _1\"></span>o totale <span class=\"_ _0\"></span>residuo <span class=\"_ _b\"></span>(al <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>o <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>a<span class=\"_ _1\"></span>mmortamenti <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>imposte <span class=\"_ _0\"></span>differite <span class=\"_ _b\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span>ualmente <span class=\"_ _b\"></span>isc<span class=\"_ _1\"></span>ritte) <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>circa Euro 314,9 milioni. <span class=\"_ _1\"></span> Il <span class=\"_ _0\"></span>principi<span class=\"_ _1\"></span>o c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabile in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>nazionale IAS 36 <span class=\"_ _0\"></span>prevede<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e su <span class=\"_ _0\"></span>tali<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mmateriali a v<span class=\"_ _0\"></span>ita utile <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>finita venga effettuato una <span class=\"_ _1\"></span>verifica dell\u2019es<span class=\"_ _1\"></span>istenza di indi<span class=\"_ _1\"></span>catori di perdite d<span class=\"_ _1\"></span>i valore (\u201c<span class=\"ff5\">trigger e<span class=\"_ _1\"></span>vents<span class=\"ff2\">\u201d).<span class=\"_ _1\"></span> </span></span>Si conferma <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> le valutazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>fett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ate dal<span class=\"_ _3\"></span> Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o su tali at<span class=\"_ _1\"></span>tivit\u00e0 i<span class=\"_ _1\"></span>mmateriali a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>vita<span class=\"_ _3\"></span> u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>le definita <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>on hanno <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levato <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>presenza <span class=\"_ _211\"> </span>di <span class=\"_ _16\"> </span>indicatori <span class=\"_ _211\"> </span>di <span class=\"_ _16\"> </span>perdita <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>valore<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>e <span class=\"_ _c\"> </span>quindi <span class=\"_ _c\"> </span>non <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _c\"> </span>stato <span class=\"_ _c\"> </span>effettuato <span class=\"_ _c\"> </span>un impairment test<span class=\"ff2\"> spec<span class=\"_ _1\"></span>ifico sulle sin<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ole atti<span class=\"_ _1\"></span>vit\u00e0 imma<span class=\"_ _1\"></span>teriali a vita utile de<span class=\"_ _1\"></span>finita.  </span>Tuttavia, <span class=\"_ _0\"></span>in continuit\u00e0 con <span class=\"_ _0\"></span>le scelte effettuate in <span class=\"_ _0\"></span>passa<span class=\"_ _1\"></span>to, <span class=\"_ _0\"></span>il Gruppo ha <span class=\"_ _0\"></span>ritenuto opportuno sottoporre ad <span class=\"_ _f\"> </span><span class=\"ff5\">impairment <span class=\"_ _f\"></span>test</span>, <span class=\"_ _f\"> </span>oltre <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>all\u2019avviamento<span class=\"_ _1\"></span>, <span class=\"_ _f\"> </span>anche <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>altre <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>immateriali <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>vita <span class=\"_ _f\"> </span>utile <span class=\"_ _f\"> </span>definita presenti  nel  prese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te  B<span class=\"_ _1\"></span>ilancio  co<span class=\"_ _1\"></span>nsolidato.  Pertanto,  l\u2019<span class=\"ff5\">impairme<span class=\"_ _1\"></span>nt  test<span class=\"_ _3\"></span><span class=\"ff2\"> <span class=\"_ _211\"> </span>ha  l\u2019obiettiv<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  di <span class=\"_ _f\"> </span>valu<span class=\"_ _0\"></span>tare<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>la </span></span>tenuta del <span class=\"ff5\">carrying<span class=\"_ _1\"></span> amount<span class=\"ff2\"> della CG<span class=\"_ _1\"></span>U Anima. </span></span>Nella conduzione del <span class=\"_ _1\"></span><span class=\"ff5\">test di impairment <span class=\"ff2\">al <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1 di<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _1\"></span>bre 2024, si \u00e8 tenuto c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nto an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he di quant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> segue:<span class=\"_ _1\"></span> </span></span><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Il <span class=\"_ _0\"></span><span class=\"ff5\">Public <span class=\"_ _0\"></span>Statement</span> <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>24 <span class=\"_ _0\"></span>ottobre <span class=\"_ _0\"></span>2024 d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019ESMA <span class=\"_ _0\"></span><span class=\"ff5\">\u201cEuropean <span class=\"_ _0\"></span>common <span class=\"_ _0\"></span>enforceme<span class=\"_ _1\"></span>nt <span class=\"_ _0\"></span>prioritie<span class=\"_ _1\"></span>s <span class=\"_ _0\"></span>for </span></span></span>2024 <span class=\"_ _b\"></span>corporate<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>reporting\u201d <span class=\"_ _b\"></span><span class=\"ff2\">(ripres<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>anche <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>CONSOB <span class=\"_ _0\"></span>nel <span class=\"_ _b\"></span>Richiamo <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>attenzione <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>/2<span class=\"_ _1\"></span>4 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>20 </span>dicembre  20<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4) <span class=\"_ _f\"> </span>rib<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>alcun<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>raccomandazio<span class=\"_ _1\"></span>ni  che <span class=\"_ _f\"> </span>gli  emittenti <span class=\"_ _f\"> </span>dovrebbero <span class=\"_ _f\"> </span>seguire  in modo <span class=\"_ _b\"></span>da <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>flettere, <span class=\"_ _b\"></span>qualora <span class=\"_ _0\"></span>presenti, <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _0\"></span>impatti <span class=\"_ _b\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>cambiamento <span class=\"_ _0\"></span>clim<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>sul <span class=\"_ _b\"></span>business <span class=\"_ _0\"></span>delle societ\u00e0. In partic<span class=\"_ _1\"></span>olare, tali priorit\u00e0 fanno<span class=\"_ _1\"></span> riferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> princ<span class=\"_ _1\"></span>ipalmente:<span class=\"_ _3\"></span> <span class=\"ff4\"> <span class=\"_ _21\"> </span><span class=\"ff2 fs2\">alla c<span class=\"_ _1\"></span>onsiderazione dei r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>schi <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>egati<span class=\"_ _1\"></span> al camb<span class=\"_ _1\"></span>iamento clima<span class=\"_ _1\"></span>tico durante la p<span class=\"_ _3\"></span>red<span class=\"_ _0\"></span>isp<span class=\"_ _3\"></span>osi<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> e </span></span>la revisione del b<span class=\"_ _1\"></span>ilancio; <span class=\"ff4\"> <span class=\"_ _21\"> </span><span class=\"ff2 fs2\">all'importanza<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>oiezioni <span class=\"_ _0\"></span>realisti<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>dei flu<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>si <span class=\"_ _0\"></span>di cassa <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>'a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bit<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>dete<span class=\"_ _1\"></span>rminazioni </span></span>del valore d\u2019uso delle<span class=\"_ _1\"></span> CGU oggetto di <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mpair<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ent t<span class=\"_ _1\"></span>est; <span class=\"ff4\"> <span class=\"_ _21\"> </span><span class=\"ff2 fs2\">alla <span class=\"_ _5\"></span>valutazione <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>impatti <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>derivanti <span class=\"_ _b\"></span>dalle <span class=\"_ _5\"></span>questioni <span class=\"_ _5\"></span>climatiche <span class=\"_ _5\"></span>sulle <span class=\"_ _5\"></span>attivit\u00e0 </span></span>non finanziarie. <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il Discussion paper n. 1/2022 \u201c<span class=\"_ _0\"></span>I<span class=\"_ _3\"></span>mpairm<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>t test dei non financial assets (IAS 36) a seguito della </span></span>guerra i<span class=\"_ _1\"></span>n Ucraina\u201d <span class=\"_ _3\"></span>pubblicato il <span class=\"_ _3\"></span>29<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>giugno 2<span class=\"_ _1\"></span>022 dall\u2019<span class=\"_ _1\"></span>Organismo Italian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di Val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>taz<span class=\"_ _1\"></span>ione (\u201cOIV\u201d<span class=\"_ _1\"></span>), che <span class=\"_ _1f\"> </span>ri<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ren<span class=\"_ _0\"></span>de<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>i <span class=\"_ _1f\"> </span>con<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uti<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>Public <span class=\"_ _15\"> </span>Statement<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>del <span class=\"_ _16\"> </span>1<span class=\"_ _0\"></span>3 <span class=\"_ _16\"> </span>maggio <span class=\"_ _1f\"> </span>2022 <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll\u2019<span class=\"_ _0\"></span>ESMA<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>(<span class=\"_ _0\"></span>oggett<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>del Richiamo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>attenzione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _1\"></span>onsob <span class=\"_ _6\"></span>del <span class=\"_ _f\"></span>1<span class=\"_ _1\"></span>9 <span class=\"_ _6\"></span>maggio <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>022) <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rnisce <span class=\"_ _6\"></span>indicazioni <span class=\"_ _6\"></span>operative <span class=\"_ _6\"></span>per<span class=\"_ _4a1\"> </span><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5ff\">trattare l<span class=\"_ _0\"></span>\u2019ince<span class=\"_ _1\"></span>rtezza dell<span class=\"_ _0\"></span>\u2019attuale contesto <span class=\"_ _0\"></span>nell\u2019am<span class=\"_ _3\"></span>bito <span class=\"_ _0\"></span>dell\u2019eventuale esercizio <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span>l\u2019im<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>irme<span class=\"_ _1\"></span>nt </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs600\">test.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs601\">Ai <span class=\"_ _3\"></span>fini <span class=\"_ _3\"></span>del <span class=\"_ _1\"></span>test <span class=\"_ _8\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>impairment, <span class=\"_ _3\"></span>gi\u00e0 <span class=\"_ _3\"></span>oggetto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>analisi <span class=\"_ _3\"></span>da<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>parte <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>Comitato <span class=\"_ _3\"></span>Controlli, <span class=\"_ _3\"></span>Risc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Sostenibilit\u00e0<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs602\">e <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>successi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>approvazio<span class=\"_ _1\"></span>ne <span class=\"_ _6\"></span>da <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Consiglio <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>Amministrazione<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>Anima <span class=\"_ _b\"></span>H<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>lding <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _6\"></span>5 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs603\">febbraio <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>25, <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>til<span class=\"_ _1\"></span>izzato <span class=\"_ _5\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>metodo <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>valore <span class=\"_ _5\"></span>d\u2019uso <span class=\"_ _6\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>verifica <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>uperabilit\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs604\">dell\u2019avviamento <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>altre <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _0\"></span>immateriali <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>utile <span class=\"_ _b\"></span>definita, <span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>do <span class=\"_ _b\"></span>conto <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>quanto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs605\">sopra riportato in mer<span class=\"_ _1\"></span>ito alle raccoman<span class=\"_ _1\"></span>dazioni dell\u2019ESM<span class=\"_ _1\"></span>A e dell\u2019OIV. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs606\">Al <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>dello <span class=\"_ _0\"></span>svolgiment<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ell\u2019<span class=\"ff5\">impair<span class=\"_ _1\"></span>ment<span class=\"ff2\"> <span class=\"_ _0\"></span></span>test <span class=\"_ _b\"></span><span class=\"ff2\">come d<span class=\"_ _0\"></span>isciplinat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dallo <span class=\"_ _0\"></span>IAS <span class=\"_ _0\"></span>36, <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>Gruppo <span class=\"_ _b\"></span>ha <span class=\"_ _0\"></span>utilizzato <span class=\"_ _0\"></span>il </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs607\">metodo <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>d\u2019<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>so <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _5\"></span>assunzioni <span class=\"_ _5\"></span>aggiornate <span class=\"_ _5\"></span>che <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>iflettono <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>svilupp<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _5\"></span>recenti <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>ltime </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs608\">informazioni dispo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ibili. <span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs609\">Metodo: Valore d\u2019us<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (<span class=\"ff5\">Value in use</span>)<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs60a\">Il <span class=\"_ _6\"></span>valore <span class=\"_ _5\"></span>d\u2019u<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>determinato <span class=\"_ _5\"></span>attraverso <span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>stima <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _6\"></span>attuale <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ussi <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziari <span class=\"_ _6\"></span>futuri <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _5\"></span>si </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs60b\">prevede  possano  essere  generati  dalla  CGU  Anima.  Il  valore  di <span class=\"_ _211\"> </span>un\u2019attivit\u00e0  \u00e8  calcolato  attraverso </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs60c\">l\u2019attualizzazione  dei  f<span class=\"_ _1\"></span>lussi  finanziari  co<span class=\"_ _1\"></span>mprensivi <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>el  valo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e  terminale<span class=\"_ _1\"></span>  calcolato  come  una <span class=\"_ _f\"> </span>ren<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ita </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs60d\">perpetua <span class=\"_ _3\"></span>stimata <span class=\"_ _3\"></span>in <span class=\"_ _1\"></span>base <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>flu<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>normalizzat<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>conomicamente <span class=\"_ _3\"></span>sostenibile <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>coerente <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>il t<span class=\"_ _1\"></span>asso </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs60e\">stimato di cres<span class=\"_ _1\"></span>cita di lungo termine.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs60f\">Con l\u2019attualizzaz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>lussi <span class=\"_ _1\"></span>di cassa si <span class=\"_ _1\"></span>determina l\u2019<span class=\"ff5\">Enterprise Valu<span class=\"_ _1\"></span>e<span class=\"ff2\"> della CGU.<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs610\">Il <span class=\"_ _0\"></span>metodo di <span class=\"_ _0\"></span>va<span class=\"_ _1\"></span>lutazione <span class=\"_ _0\"></span>ut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>lizzato ai fini <span class=\"_ _0\"></span>della stima d<span class=\"_ _0\"></span>el Value in<span class=\"_ _0\"></span> Use <span class=\"_ _0\"></span>\u00e8 il <span class=\"_ _0\"></span><span class=\"ff5\">Discounted Cash Flow <span class=\"_ _0\"></span></span>(\u201cDCF\u201d)<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs611\">rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> ai fluss<span class=\"_ _1\"></span>i di reddito de<span class=\"_ _1\"></span>lla CGU Anima. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs612\">I flussi di cassa </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs613\">A <span class=\"_ _1f\"> </span>no<span class=\"_ _0\"></span>rma <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>o <span class=\"_ _15\"> </span>IAS <span class=\"_ _1f\"> </span>36,<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>le <span class=\"_ _1f\"> </span>proiezioni <span class=\"_ _1f\"> </span>dei <span class=\"_ _15\"> </span>flussi <span class=\"_ _1f\"> </span>finanziari <span class=\"_ _1f\"> </span>attesi <span class=\"_ _15\"> </span>devono <span class=\"_ _1f\"> </span>b<span class=\"_ _0\"></span>asa<span class=\"_ _1\"></span>rsi <span class=\"_ _1f\"> </span>sul<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>pi\u00f9 <span class=\"_ _1f\"> </span>recente </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs614\">budget/piano <span class=\"_ _b\"></span>industriale <span class=\"_ _b\"></span>approvato<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>dal <span class=\"_ _b\"></span>Gruppo, <span class=\"_ _b\"></span>nonch\u00e9 <span class=\"_ _b\"></span>su <span class=\"_ _5\"></span>presupposti<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>ionevoli <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>dimostrabili <span class=\"_ _b\"></span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs615\">grado <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>rappresentare<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>migliore <span class=\"_ _0\"></span>stima<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>delle <span class=\"_ _0\"></span>co<span class=\"_ _1\"></span>ndizioni <span class=\"_ _0\"></span>economi<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>future, <span class=\"_ _0\"></span>attese lungo <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>restante </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs616\">vita <span class=\"_ _1f\"> </span>u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>le <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>atti<span class=\"_ _1\"></span>vit\u00e0. <span class=\"_ _15\"> </span>Per <span class=\"_ _1f\"> </span>la <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>eterm<span class=\"_ _1\"></span>inazione <span class=\"_ _16\"> </span>del <span class=\"_ _15\"> </span><span class=\"ff5\">Value <span class=\"_ _1f\"> </span>in <span class=\"_ _1f\"> </span>use <span class=\"_ _15\"> </span></span>al <span class=\"_ _16\"> </span>31<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>dicembre <span class=\"_ _1f\"> </span>2024, <span class=\"_ _1f\"> </span>le <span class=\"_ _15\"> </span>stime </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs617\">prospettiche <span class=\"_ _0\"></span>dei <span class=\"_ _b\"></span>flussi <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>cassa <span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>dalla <span class=\"_ _0\"></span>CGU <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>sono <span class=\"_ _0\"></span>state <span class=\"_ _0\"></span>sv<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>luppate <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>partire <span class=\"_ _b\"></span>dai <span class=\"_ _0\"></span>dati <span class=\"_ _b\"></span>del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs618\">Budget <span class=\"_ _b\"></span>2025 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>del<span class=\"_ _0\"></span>l\u2019a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio<span class=\"_ _1\"></span>rnamento <span class=\"_ _b\"></span>delle <span class=\"_ _5\"></span>p<span class=\"_ _1\"></span>roi<span class=\"_ _0\"></span>ezi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>economico-finanzia<span class=\"_ _1\"></span>rie <span class=\"_ _b\"></span>2026-2028 <span class=\"_ _b\"></span>(\u201cProiezioni\u201d), </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs619\">approvati <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>Consiglio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Amministrazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _6\"></span>della <span class=\"_ _5\"></span>Soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>30 <span class=\"_ _6\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>nai<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>2025 <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>si<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>icorda <span class=\"_ _5\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs61a\">Piano <span class=\"_ _e\"> </span>Industriale <span class=\"_ _d\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>24-2028 <span class=\"_ _e\"> </span>sottostante <span class=\"_ _e\"> </span>al<span class=\"_ _1\"></span>le <span class=\"_ _e\"> </span>Proiezioni <span class=\"_ _e\"> </span>era <span class=\"_ _e\"> </span>stata <span class=\"_ _d\"> </span>approvato <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>C<span class=\"_ _0\"></span>onsi<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>lio <span class=\"_ _e\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs61b\">Amministrazione in <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata 6 ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio <span class=\"_ _1\"></span>2024. Tali <span class=\"_ _1\"></span>valori sono stati opp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtuname<span class=\"_ _1\"></span>nte esaminati s<span class=\"_ _1\"></span>ulla base di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs61c\">presupposti  ragionevoli  e  dimostra<span class=\"_ _1\"></span>bili,  al  f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e  di  riflettere  i  risultati  nel  frattempo  consunti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ati  e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs61d\">svolgendo <span class=\"_ _5\"></span>le <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>ortune <span class=\"_ _6\"></span>analisi <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>sensitivit\u00e0 <span class=\"_ _5\"></span>volte <span class=\"_ _5\"></span>ad <span class=\"_ _6\"></span>apprezzare <span class=\"_ _5\"></span>eventu<span class=\"_ _0\"></span>ali <span class=\"_ _b\"></span>im<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>tti, <span class=\"_ _6\"></span>sulle <span class=\"_ _5\"></span>assunzioni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs61e\">sottostanti <span class=\"_ _1f\"> </span>le <span class=\"_ _1f\"> </span>stime <span class=\"_ _1f\"> </span>effettuate, <span class=\"_ _16\"> </span>der<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti <span class=\"_ _1f\"> </span>dall\u2019incertezza<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>e <span class=\"_ _15\"> </span>la <span class=\"_ _16\"> </span>v<span class=\"_ _0\"></span>olatilit\u00e0 <span class=\"_ _16\"> </span>che <span class=\"_ _1f\"> </span>car<span class=\"_ _0\"></span>atte<span class=\"_ _1\"></span>rizza <span class=\"_ _16\"> </span>l<span class=\"_ _0\"></span>\u2019attuale<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs61f\">contesto <span class=\"_ _b\"></span>macroeconomico <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>settore<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>sviluppa<span class=\"_ _1\"></span>ndo <span class=\"_ _5\"></span>opportuni <span class=\"_ _b\"></span>scenari <span class=\"_ _5\"></span>pe<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giorativi <span class=\"_ _b\"></span>che <span class=\"_ _b\"></span>incorporano </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs620\">anch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> specifiche considerazi<span class=\"_ _1\"></span>oni legate al <span class=\"ff5\">climate ch<span class=\"_ _3\"></span>ange risk.<span class=\"ff2\"> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs621\">Tasso di attualizza<span class=\"_ _1\"></span>zione - \u201cKe\u201d </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs622\">Nel <span class=\"_ _0\"></span>deter<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>inare <span class=\"_ _0\"></span>il <span class=\"_ _b\"></span><span class=\"ff5\">Value <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>use</span>, <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>lussi <span class=\"_ _0\"></span>finanziari <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ono <span class=\"_ _0\"></span>essere <span class=\"_ _0\"></span>attualizzati <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>un <span class=\"_ _b\"></span>tasso <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>incorpori </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs623\">sia <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>valore <span class=\"_ _b\"></span>temporale <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>aro <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>rischi <span class=\"_ _b\"></span>propri <span class=\"_ _b\"></span>dell\u2019attivit\u00e0 <span class=\"_ _0\"></span>sv<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>lta. <span class=\"_ _b\"></span>Il <span class=\"_ _b\"></span>tasso <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>sco<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _b\"></span>utilizzato <span class=\"_ _b\"></span>\u00e8 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs624\">pari <span class=\"_ _16\"> </span>all\u201910,05% <span class=\"_ _c\"> </span>(10,83% <span class=\"_ _16\"> </span>al <span class=\"_ _16\"> </span>31 <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cembre <span class=\"_ _c\"> </span>20<span class=\"_ _0\"></span>23) <span class=\"_ _211\"> </span>calco<span class=\"_ _0\"></span>lat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>con<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>m<span class=\"_ _0\"></span>etod<span class=\"_ _1\"></span>ologia <span class=\"_ _c\"> </span>i<span class=\"_ _0\"></span>n <span class=\"_ _16\"> </span>linea <span class=\"_ _c\"> </span>con<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>la <span class=\"_ _16\"> </span>prassi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs625\">valutativa. Il tasso di attualizza<span class=\"_ _1\"></span>zione utilizzato corri<span class=\"_ _3\"></span>spo<span class=\"_ _0\"></span>nde al cost<span class=\"_ _1\"></span>o del capitale di rischio<span class=\"_ _1\"></span>, pari al tasso </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs626\">di  r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dimento  dei  mezzi  pr<span class=\"_ _1\"></span>opri <span class=\"_ _211\"> </span>richiest<span class=\"_ _1\"></span>o  dag<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i  investitori/azionisti  per  investime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti  con  an<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>oghe </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs627\">caratteristiche <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>rischio. <span class=\"_ _1\"></span>Tale <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _1\"></span>stato <span class=\"_ _3\"></span>stimato <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>tilizzan<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>Capital <span class=\"_ _3\"></span>Asset <span class=\"_ _3\"></span>Pricing M<span class=\"_ _1\"></span>odel <span class=\"_ _3\"></span>(\u201cCAPM\u201d)<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs628\">sulla base della se<span class=\"_ _1\"></span>guente formula:<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs629\">Ke = Rf + <span class=\"ff21\">\u03b2</span> * ERP<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs62a\">Dove: </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs62b\">Rf = tasso <span class=\"_ _3\"></span>di rendime<span class=\"_ _1\"></span>nto delle <span class=\"_ _3\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>priv<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>di risc<span class=\"_ _1\"></span>hio determinato <span class=\"_ _3\"></span>come media <span class=\"_ _1\"></span>degli u<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>timi 1<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>esi de<span class=\"_ _3\"></span>l </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs62c\">rendimento <span class=\"_ _0\"></span>lordo <span class=\"_ _0\"></span>annu<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>BTP <span class=\"_ _0\"></span>Italia d<span class=\"_ _0\"></span>ecennale<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>(Banca d<span class=\"_ _0\"></span>\u2019Italia,<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>gennaio 2<span class=\"_ _0\"></span>025)<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>3,71% <span class=\"_ _0\"></span>(4,28% </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs62d\">al 31 dicembre 202<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>);  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs62e\">ERP <span class=\"_ _d\"> </span>= <span class=\"_ _d\"> </span>extra <span class=\"_ _15\"> </span>rendimento <span class=\"_ _15\"> </span>medio <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _d\"> </span>mercato <span class=\"_ _d\"> </span>(<span class=\"ff5\">Equ<span class=\"_ _1\"></span>ity <span class=\"_ _15\"> </span>risk <span class=\"_ _d\"> </span>premium<span class=\"ff2\">), <span class=\"_ _15\"> </span>determinato <span class=\"_ _d\"> </span>sulla <span class=\"_ _15\"> </span>base <span class=\"_ _d\"> </span>del </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs62f\">differenziale <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>dimento <span class=\"_ _f\"> </span>di <span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ngo <span class=\"_ _6\"></span>periodo <span class=\"_ _f\"> </span>tra <span class=\"_ _f\"> </span>i <span class=\"_ _6\"></span>tito<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>azionari <span class=\"_ _f\"> </span>e <span class=\"_ _6\"></span>obbligazionari. <span class=\"_ _f\"> </span>In <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>nuit\u00e0 <span class=\"_ _f\"> </span>con </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs630\">quanto effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ato <span class=\"_ _1\"></span>negli eser<span class=\"_ _1\"></span>cizi precedenti<span class=\"_ _1\"></span>, \u00e8 stato <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onsiderato<span class=\"_ _3\"></span> i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>mag<span class=\"_ _1\"></span>gior valore tra <span class=\"_ _3\"></span>(i<span class=\"_ _0\"></span>)<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>la st<span class=\"_ _3\"></span>ima fornita<span class=\"_ _4a1\"> </span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs632\">da A. Damodaran rilevata nel mese<span class=\"_ _1\"></span> di dicembre 2024 pari al 4,33% (valore che <span class=\"_ _1\"></span>riflette le ripercussioni<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs633\">negative <span class=\"_ _c\"> </span>sulle <span class=\"_ _c\"> </span>attivit\u00e0 <span class=\"_ _c\"> </span>economiche <span class=\"_ _211\"> </span>a <span class=\"_ _c\"> </span>livello <span class=\"_ _c\"> </span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>obale <span class=\"_ _211\"> </span>e <span class=\"_ _16\"> </span>sui <span class=\"_ _c\"> </span>mercati <span class=\"_ _211\"> </span>f<span class=\"_ _0\"></span>inanziari <span class=\"_ _211\"> </span>connessi <span class=\"_ _c\"> </span>al <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>ontesto<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs634\">macroeconomico, <span class=\"_ _0\"></span>nonch\u00e9 <span class=\"_ _b\"></span>alle <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uenti <span class=\"_ _0\"></span>politiche <span class=\"_ _0\"></span>monetari<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>restrittive) <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>(ii) <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>paramet<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>pari <span class=\"_ _b\"></span>al </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs635\">5,50%, <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>osservazioni <span class=\"_ _3\"></span>mediamente <span class=\"_ _3\"></span>appli<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>abili <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>prassi <span class=\"_ _3\"></span>profe<span class=\"_ _1\"></span>ssionale. <span class=\"_ _3\"></span>Al <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>riflettere<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs636\">anch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>raccomandazion<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>fornite <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>ESMA <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>tener<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>considerazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chio <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>egat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>maggi<span class=\"_ _1\"></span>ore </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs637\">inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>tezz<span class=\"_ _1\"></span>a  sui<span class=\"_ _3\"></span>  mercati, <span class=\"_ _f\"> </span>la  So<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _f\"> </span>ha  fatto <span class=\"_ _f\"> </span>pertanto <span class=\"_ _f\"> </span>riferimento  a<span class=\"_ _3\"></span>l  parametro <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>5,50%  (stess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>% </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs638\">utilizzata <span class=\"_ _f\"> </span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>precedente <span class=\"_ _f\"> </span>eser<span class=\"_ _1\"></span>cizio, <span class=\"_ _f\"> </span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o  la<span class=\"_ _3\"></span>  stima <span class=\"_ _f\"> </span>fornita <span class=\"_ _f\"> </span>da  A.<span class=\"_ _3\"></span>  Damoda<span class=\"_ _1\"></span>ran <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levata <span class=\"_ _f\"> </span>nel <span class=\"_ _f\"> </span>m<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>  di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs639\">dicembre 2023 era pa<span class=\"_ _1\"></span>ri al 4,60%);<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff21 fs2 fc1 sc0 ls0 ws0 gs63a\">\u03b2<span class=\"ff2\"> <span class=\"_ _0\"></span>(Beta)= <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>attore <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>correlazione <span class=\"_ _0\"></span>tra <span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>rendiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>effettivo <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>un\u2019azione <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>endime<span class=\"_ _1\"></span>nto <span class=\"_ _0\"></span>complessivo </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs63b\">del <span class=\"_ _c\"> </span>mercato <span class=\"_ _c\"> </span>di <span class=\"_ _211\"> </span>r<span class=\"_ _0\"></span>ifer<span class=\"_ _1\"></span>imento <span class=\"_ _c\"> </span>(misura <span class=\"_ _211\"> </span>della <span class=\"_ _211\"> </span>v<span class=\"_ _0\"></span>olatilit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _c\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>un <span class=\"_ _16\"> </span>tit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lo <span class=\"_ _211\"> </span>rispetto <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>mercato), <span class=\"_ _211\"> </span>determinato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs63c\">considerando <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>beta <span class=\"_ _f\"></span><span class=\"ff5\">levere<span class=\"_ _1\"></span>d<span class=\"ff2\"> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>Anima <span class=\"_ _6\"></span>H<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>lding <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>periodo <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>osser<span class=\"_ _1\"></span>vazione <span class=\"_ _6\"></span>q<span class=\"_ _0\"></span>uin<span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>nnale <span class=\"_ _f\"> </span>e <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>na </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs63d\">frequenza di rile<span class=\"_ _1\"></span>vazione settima<span class=\"_ _1\"></span>nale, pari a 1,15 (1,<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>9 al 31 <span class=\"_ _1\"></span>dic<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mbre 2023). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs63e\">Ai <span class=\"_ _3\"></span>fini <span class=\"_ _1\"></span>del <span class=\"_ _3\"></span>calcolo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>terminal <span class=\"_ _3\"></span>value <span class=\"_ _8\"></span>v<span class=\"_ _0\"></span>iene <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>tilizz<span class=\"_ _1\"></span>ato <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>crescita <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span><span class=\"ff5\">perpetuity <span class=\"_ _3\"></span><span class=\"ff2\">in <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>stime </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs63f\">di <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>flazione <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>crescita <span class=\"_ _3\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>consumi <span class=\"_ _1\"></span>attese <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>lungo <span class=\"_ _3\"></span>periodo <span class=\"_ _1\"></span>fornite <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>au<span class=\"_ _0\"></span>to<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>evol<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>onti <span class=\"_ _3\"></span>esterne <span class=\"_ _3\"></span>(F<span class=\"_ _1\"></span>ondo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs640\">Monetario Internazionale<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> Prometeia,<span class=\"_ _3\"></span> BCE,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>xford <span class=\"_ _3\"></span>Ec<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mics e <span class=\"_ _1\"></span>Banc<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>Ita<span class=\"_ _1\"></span>lia). <span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs641\">Sulla <span class=\"_ _6\"></span>base <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>fon<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>sopr<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>riportate, <span class=\"_ _5\"></span>tenuto <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>inflazione <span class=\"_ _6\"></span>target <span class=\"_ _5\"></span>fissato <span class=\"_ _5\"></span>da <span class=\"_ _6\"></span>BCE <span class=\"_ _5\"></span>nel </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs642\">medio-lungo <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>l\u2019Area Euro <span class=\"_ _0\"></span>(<span class=\"ff22\">\u223c</span>2<span class=\"_ _0\"></span>%<span class=\"_ _3\"></span>),<span class=\"_ _0\"></span> il <span class=\"_ _b\"></span>tass<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>crescita <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>lun<span class=\"_ _1\"></span>go <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>colloca <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>range </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs643\">tra <span class=\"_ _5\"></span>l\u20191,5% <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>2,0%. <span class=\"_ _5\"></span>In<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>via <span class=\"_ _b\"></span>pr<span class=\"_ _0\"></span>udenziale <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>continuit\u00e0 <span class=\"_ _b\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>gli <span class=\"_ _5\"></span>impairment <span class=\"_ _b\"></span>test <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndotti <span class=\"_ _5\"></span>negli <span class=\"_ _5\"></span>esercizi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs644\">precedenti, il Gruppo<span class=\"_ _1\"></span> ha deciso di adotta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e un tasso<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>cr<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ita pa<span class=\"_ _1\"></span>ri all\u20191,5%. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs645\">I <span class=\"_ _c\"> </span>flu<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>scontati <span class=\"_ _c\"> </span>sono <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>netto <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>elle <span class=\"_ _c\"> </span>imposte,  c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olate <span class=\"_ _211\"> </span>con <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>e <span class=\"_ _211\"> </span>aliquote <span class=\"_ _c\"> </span>fiscali <span class=\"_ _211\"> </span>v<span class=\"_ _0\"></span>ige<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _211\"> </span>all<span class=\"_ _0\"></span>a <span class=\"_ _211\"> </span>data <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs646\">approvazione del presente<span class=\"_ _3\"></span> B<span class=\"_ _0\"></span>ila<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cio <span class=\"_ _1\"></span>consolidato.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs647\">Analisi di sensiti<span class=\"_ _1\"></span>vity </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs648\">Al fine di me<span class=\"_ _1\"></span>glio apprezzare la se<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sibil<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t\u00e0 dei <span class=\"_ _1\"></span>risulta<span class=\"_ _1\"></span>ti dell\u2019impairment te<span class=\"_ _1\"></span>st rispetto alle<span class=\"_ _3\"></span> v<span class=\"_ _0\"></span>aria<span class=\"_ _1\"></span>zioni degli </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs649\">assunti di base<span class=\"_ _3\"></span>, \u00e8 stata s<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>olta,<span class=\"_ _1\"></span> ai fini<span class=\"_ _1\"></span> del <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>alcol<span class=\"_ _1\"></span>o del v<span class=\"_ _1\"></span>alore d\u2019us<span class=\"_ _1\"></span>o, un\u2019analisi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"ff5\">sensitivity</span> r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>spet<span class=\"_ _1\"></span>to al tasso<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs64a\">di <span class=\"_ _0\"></span>attualizzazione c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>Ke <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>tass<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>cres<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ita <span class=\"_ _0\"></span>utilizzato <span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>el c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olo d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>termi<span class=\"_ _1\"></span>nal <span class=\"_ _0\"></span>value. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs64b\">Gli intervalli di variazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne a<span class=\"_ _1\"></span>nalizzati son<span class=\"_ _1\"></span>o i seguenti: </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs64c\">\u2022<span class=\"_ _18f\"> </span>K<span class=\"_ _3\"></span>e f<span class=\"_ _0\"></span>ra 9,05% e 1<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>,05%;<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs64d\">\u2022<span class=\"_ _18f\"> </span>T<span class=\"_ _1\"></span>asso di crescita in <span class=\"ff5\">perpe<span class=\"_ _1\"></span>tuity<span class=\"ff2\"> fra 0,5% e 2,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>%.<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs64e\">Analisi di Scenario <span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs64f\">In <span class=\"_ _b\"></span>continuit\u00e0 <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>gli <span class=\"_ _b\"></span>anni <span class=\"_ _b\"></span>precedenti <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>conf<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rmit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _b\"></span>sugger<span class=\"_ _1\"></span>ito <span class=\"_ _b\"></span>dalla <span class=\"_ _b\"></span>prassi <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>mercato, <span class=\"_ _b\"></span>al </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs650\">fin<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>riflettere <span class=\"_ _0\"></span>la <span class=\"_ _b\"></span>maggio<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>ince<span class=\"_ _1\"></span>rtezza <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>corr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>rispondere<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>all<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>esigenze <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti <span class=\"_ _b\"></span>dal </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs651\">contesto <span class=\"_ _3\"></span>normativo, <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> Gruppo <span class=\"_ _3\"></span>ha <span class=\"_ _1\"></span>ritenuto <span class=\"_ _3\"></span>opportuno <span class=\"_ _3\"></span>sviluppare <span class=\"_ _1\"></span>degli <span class=\"_ _3\"></span>scenari <span class=\"_ _3\"></span>peggiorativi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> ipotesi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs652\">sottostanti le P<span class=\"_ _1\"></span>roi<span class=\"_ _0\"></span>ezi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni ut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>lizzat<span class=\"_ _1\"></span>e nella stima <span class=\"_ _1\"></span>del <span class=\"ff5\">Value in use</span>.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs653\">La <span class=\"_ _0\"></span>finalit\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>tale <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>nalisi <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>quella <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>denziare, c<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>appro<span class=\"_ _1\"></span>ccio <span class=\"_ _0\"></span>sintetico, <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>rischi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>deterioramento </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs654\">della redditivit\u00e0 considerando un <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>gg<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>oramento di diverse grandezze, in particolare una riduzione (i) </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs655\">degli AuM per sh<span class=\"_ _1\"></span>ock di mercato, (ii) dei <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ussi di racc<span class=\"_ _1\"></span>olta netta e (iii) delle<span class=\"_ _1\"></span> commissioni di pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>forman<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs656\">Tali  scen<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>  pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>edon<span class=\"_ _1\"></span>o  u<span class=\"_ _0\"></span>na <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>iduzio<span class=\"_ _1\"></span>ne  lineare  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll\u2019EBITDA  prospettica  su  ogni  anno  di  previsione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs657\">esplicita (-5%; -10%<span class=\"_ _1\"></span>; -20%) rispetto alle Pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>iezi<span class=\"_ _1\"></span>oni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs658\">Inoltre, <span class=\"_ _0\"></span>il Gruppo ha <span class=\"_ _0\"></span>delineato<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>ulteriore scenario (<span class=\"_ _0\"></span>\u201cStre<span class=\"_ _3\"></span>ss <span class=\"_ _0\"></span>Case scenario\u201d), vol<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> a <span class=\"_ _0\"></span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minare una </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs659\">significativa <span class=\"_ _3\"></span>riduzione <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>performan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gruppo; <span class=\"_ _3\"></span>lo <span class=\"_ _3\"></span>Stress <span class=\"_ _3\"></span>scenario <span class=\"_ _3\"></span>tiene <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>peggiorame<span class=\"_ _1\"></span>nto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs65a\">simultaneo  di  diverse  grandezze,  incorporando  nelle  analisi  condotte  la  riduzione  delle  principali<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs65b\">variabili <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>influenzano <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>risultato <span class=\"_ _0\"></span>economi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>caratterizzano i<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>ontesto di <span class=\"_ _b\"></span>riferimento n<span class=\"_ _0\"></span>el qu<span class=\"_ _0\"></span>ale <span class=\"_ _0\"></span>il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs65c\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>ope<span class=\"_ _1\"></span>ra <span class=\"_ _0\"></span>(AuM<span class=\"_ _1\"></span>, racco<span class=\"_ _0\"></span>lta<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>netta e com<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ssi<span class=\"_ _1\"></span>oni di <span class=\"_ _0\"></span>performa<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ce), pur mantenendo<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sostanz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>almente<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs65d\">invariati <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nvesti<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pr<span class=\"_ _0\"></span>ev<span class=\"_ _1\"></span>isti <span class=\"_ _6\"></span>dalle <span class=\"_ _f\"> </span>P<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>oiezio<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>i <span class=\"_ _6\"></span>costi <span class=\"_ _6\"></span>ad <span class=\"_ _f\"> </span>essi <span class=\"_ _6\"></span>correlati. <span class=\"_ _6\"></span>Tale <span class=\"_ _6\"></span>scenario <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs65e\">inoltre le indi<span class=\"_ _1\"></span>cazioni dell\u2019ESMA<span class=\"_ _1\"></span> con riferimento ai risch<span class=\"_ _1\"></span>i climatici.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs65f\">Le <span class=\"_ _f\"> </span>consid<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>effettuate <span class=\"_ _f\"> </span>hanno  i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>oltre<span class=\"_ _3\"></span>  permesso <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>individuare <span class=\"_ _f\"> </span>il  li<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>\u2018\u2019soglia\u2019\u2019 <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>Ebitda <span class=\"_ _f\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs660\">conduce alla stima di u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>valore recuperabile p<span class=\"_ _1\"></span>ari al valore contabile <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>U Anima. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs661\">Esiti dell\u2019<span class=\"ff5\">impairment <span class=\"_ _1\"></span>test<span class=\"ff2\"> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs662\">Gli esiti <span class=\"_ _3\"></span>dell\u2019<span class=\"_ _0\"></span><span class=\"ff5\">im<span class=\"_ _3\"></span>pairment test<span class=\"ff2\"> <span class=\"_ _1\"></span>non <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>nziato <span class=\"_ _3\"></span>perd<span class=\"_ _0\"></span>ite <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>valore de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li av<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>iame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>e de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _3\"></span>intangibili </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs663\">a <span class=\"_ _1\"></span>vita utile def<span class=\"_ _1\"></span>inita, sia <span class=\"_ _1\"></span>nello s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ena<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>riferimento <span class=\"_ _3\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li a<span class=\"_ _1\"></span>ltri <span class=\"_ _1\"></span>ipotizzati, <span class=\"_ _3\"></span>con un <span class=\"ff5\">recoverable <span class=\"_ _3\"></span>amount<span class=\"ff2\"> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs664\">della CGU Anima super<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re al v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lore di <span class=\"ff5\">carrying amou<span class=\"_ _1\"></span>nt<span class=\"ff2\"> evidenziata nel presente<span class=\"_ _3\"></span> B<span class=\"_ _0\"></span>ila<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cio <span class=\"_ _1\"></span>consolidato. </span></span></div>Nell\u2019ambito <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>elle <span class=\"_ _1\"></span>analisi <span class=\"_ _3\"></span>svol<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>, a <span class=\"_ _1\"></span>fronte an<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>prac<span class=\"_ _1\"></span>itate <span class=\"_ _1\"></span>raccomandazioni ESM<span class=\"_ _1\"></span>A, si <span class=\"_ _3\"></span>precisa <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he ad <span class=\"_ _b\"></span>oggi <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>si <span class=\"_ _b\"></span>evidenziano<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>impatti <span class=\"_ _0\"></span>rilevanti <span class=\"_ _b\"></span>sul<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>bus<span class=\"_ _1\"></span>iness <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>sulle <span class=\"_ _b\"></span>prospet<span class=\"_ _1\"></span>tive <span class=\"_ _0\"></span>future <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>del Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o  in  a<span class=\"_ _3\"></span>mb<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span><span class=\"ff5\">climate  chang<span class=\"_ _3\"></span>e  risk<span class=\"ff2\">,  a<span class=\"_ _1\"></span>nche <span class=\"_ _f\"> </span>in  co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sideraz<span class=\"_ _1\"></span>ione  de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la <span class=\"_ _f\"> </span>centralit\u00e0 <span class=\"_ _f\"> </span>dell<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>strategia <span class=\"_ _f\"> </span>ESG </span></span>esistente a livello <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i Gruppo <span class=\"_ _1\"></span>come opportunit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>crescita del business.<span class=\"_ _1\"></span> Si segnala che ai f<span class=\"_ _1\"></span>ini delle analisi di<span class=\"_ _1\"></span> <span class=\"ff5\">sensitivity</span> nello s<span class=\"_ _1\"></span>cenario di riferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>: <span class=\"_ _1bb\"> </span><span class=\"ff2\">considerando <span class=\"_ _15\"> </span>l\u2019utilizzo <span class=\"_ _1f\"> </span>del <span class=\"_ _d\"> </span>tasso <span class=\"_ _15\"> </span>di <span class=\"_ _d\"> </span>attualizzazio<span class=\"_ _1\"></span>ne <span class=\"_ _15\"> </span>com<span class=\"_ _0\"></span>plessi<span class=\"_ _3\"></span>vo <span class=\"_ _d\"> </span>Ke <span class=\"_ _15\"> </span>al <span class=\"_ _d\"> </span>11,05%, <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>valore </span>recuperabile si ridu<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e del 9,<span class=\"_ _1\"></span>62%;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">considerando <span class=\"_ _5\"></span>l\u2019<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>ilizzo <span class=\"_ _6\"></span>del <span class=\"_ _f\"> </span>tass<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>cres<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ita <span class=\"_ _6\"></span>in <span class=\"_ _f\"></span>pe<span class=\"_ _1\"></span>rpetuity <span class=\"_ _6\"></span>allo <span class=\"_ _f\"> </span>0,5%,<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>il <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>uperabile <span class=\"_ _6\"></span>si </span>riduce del 7,55%;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">nel caso p<span class=\"_ _3\"></span>i\u00f9 estremo <span class=\"_ _1\"></span>dell\u2019analisi d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> se<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>cons<span class=\"_ _1\"></span>iderando co<span class=\"_ _1\"></span>ngiuntamente l<span class=\"_ _3\"></span>\u2019u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>lizzo del ta<span class=\"_ _1\"></span>sso </span>di <span class=\"_ _b\"></span>attualizzazione <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>plessi<span class=\"_ _3\"></span>vo <span class=\"_ _b\"></span>Ke <span class=\"_ _b\"></span>all\u201911,05% <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>tasso <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>rescita <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>perpetuit<span class=\"_ _1\"></span>y <span class=\"_ _b\"></span>allo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>0,5%, <span class=\"_ _b\"></span>il valore recuperabile si <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>id<span class=\"_ _1\"></span>uc<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>5,58%<span class=\"_ _3\"></span>;<span class=\"_ _4a1\"> </span>Inoltre, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>stata <span class=\"_ _5\"></span>condotta <span class=\"_ _5\"></span>un\u2019an<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>isi<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>individuare <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>attualizzazione <span class=\"_ _5\"></span>\u201csoglia\u201d <span class=\"_ _5\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>eguaglia <span class=\"_ _6\"></span>il valore d\u2019uso <span class=\"_ _1\"></span>della CGU<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Ani<span class=\"_ _1\"></span>ma al su<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>valore contabile; tale <span class=\"_ _3\"></span>valore \u00e8 pari<span class=\"_ _1\"></span> al 21,99%<span class=\"_ _1\"></span> (pari al <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>6,11%<span class=\"_ _3\"></span> al 31 dicembre 2023).<span class=\"_ _1\"></span> Infine, <span class=\"_ _f\"> </span>con  riferime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _f\"> </span>allo <span class=\"_ _f\"> </span>Stress  se<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ario<span class=\"ff5\">,</span> <span class=\"_ _f\"> </span>l\u2019Ebitd<span class=\"_ _3\"></span>a  \u201csoglia\u201d <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>determina <span class=\"_ _f\"> </span>l\u2019<span class=\"_ _0\"></span>eq<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ivalenza <span class=\"_ _f\"></span>del <span class=\"_ _f\"> </span>valore recuperabile della <span class=\"_ _3\"></span>CGU Anima al su<span class=\"_ _1\"></span>o val<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> con<span class=\"_ _0\"></span>tab<span class=\"_ _3\"></span>ile \u00e8 pari a <span class=\"_ _3\"></span>circ<span class=\"_ _0\"></span>a -<span class=\"_ _3\"></span>58,6 % rispett<span class=\"_ _1\"></span>o allo sce<span class=\"_ _1\"></span>nario base. <span class=\"_ _1\"></span> Nel <span class=\"_ _1f\"> </span>contesto <span class=\"_ _1f\"> </span>della <span class=\"_ _1f\"> </span>procedu<span class=\"_ _1\"></span>ra <span class=\"_ _15\"> </span>di <span class=\"_ _1f\"> </span>impairment <span class=\"_ _1f\"> </span>tes<span class=\"_ _1\"></span>t <span class=\"_ _1f\"> </span>so<span class=\"_ _0\"></span>pra <span class=\"_ _16\"> </span>descritta, <span class=\"_ _16\"> </span>An<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ma <span class=\"_ _1f\"> </span>Holding <span class=\"_ _16\"> </span>h<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>chi<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>o <span class=\"_ _15\"> </span>al consulente <span class=\"_ _3\"></span>indipendente <span class=\"_ _3\"></span>EY A<span class=\"_ _1\"></span>dvisory <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _1\"></span>(\u201cEY <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>dvisory\u201d)<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>redisporre<span class=\"_ _1\"></span> u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span><span class=\"ff5\">fairness <span class=\"_ _3\"></span>opinion<span class=\"ff2\"> <span class=\"_ _1\"></span>rispetto </span></span>alla <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>eterminazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>alore <span class=\"_ _5\"></span>recuperabile <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>CGU <span class=\"_ _6\"></span>Anim<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ata <span class=\"_ _5\"></span>dalla <span class=\"_ _6\"></span>Societ\u00e0. <span class=\"_ _5\"></span>Le <span class=\"_ _6\"></span>princi<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>li considerazioni <span class=\"_ _b\"></span>sulle <span class=\"_ _b\"></span>an<span class=\"_ _0\"></span>alis<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>valutative <span class=\"_ _b\"></span>condotte <span class=\"_ _5\"></span>da <span class=\"_ _b\"></span>Anima <span class=\"_ _5\"></span>Holding, <span class=\"_ _5\"></span>esp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esse <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>EY <span class=\"_ _5\"></span>Advisory, <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>di seguito riportate<span class=\"_ _1\"></span>: <span class=\"_ _1bb\"> </span><span class=\"ff2\">il p<span class=\"_ _1\"></span>rocesso di <span class=\"_ _3\"></span>impairment t<span class=\"_ _1\"></span>est svi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>uppa<span class=\"_ _1\"></span>to dalla <span class=\"_ _1\"></span>Socie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _1\"></span>risu<span class=\"_ _0\"></span>lta <span class=\"_ _3\"></span>in conti<span class=\"_ _1\"></span>nuit\u00e0 <span class=\"_ _1\"></span>con quanto <span class=\"_ _3\"></span>svolto al<span class=\"_ _1\"></span> </span>31 dicembre 2023. Tale p<span class=\"_ _1\"></span>rocesso ris<span class=\"_ _1\"></span>ulta strutturato, razionale<span class=\"_ _1\"></span>, tracciabile e ripe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cor<span class=\"_ _1\"></span>ribile; <span class=\"_ _1bb\"> </span><span class=\"ff2\">l\u2019approccio  valutativo  adottato  d<span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>So<span class=\"_ _0\"></span>ciet<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _211\"> </span>risul<span class=\"_ _1\"></span>ta  in<span class=\"_ _0\"></span>  linea  con <span class=\"_ _211\"> </span>le  in<span class=\"_ _0\"></span>dicazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni  dei <span class=\"_ _211\"> </span>principi<span class=\"_ _4a1\"> </span></span>contabili <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>iferi<span class=\"_ _1\"></span>mento, <span class=\"_ _6\"></span>nonch<span class=\"_ _0\"></span>\u00e9 <span class=\"_ _6\"></span>tecnicame<span class=\"_ _1\"></span>nte <span class=\"_ _f\"></span>id<span class=\"_ _1\"></span>oneo <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>determinare <span class=\"_ _6\"></span>in <span class=\"_ _f\"> </span>m<span class=\"_ _1\"></span>odo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ragionevole <span class=\"_ _f\"></span>il<span class=\"_ _1\"></span> valore  d\u2019uso  d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la  CGU  Anim<span class=\"_ _0\"></span>a. <span class=\"_ _f\"> </span>La  m<span class=\"_ _0\"></span>etod<span class=\"_ _1\"></span>ologia  utilizzata  (DCF) <span class=\"_ _211\"> </span>presenta  consolidate  basi dottrinali, <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>isulta <span class=\"_ _6\"></span>comunemente<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>adottata <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>prassi <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tativa<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>nel <span class=\"_ _6\"></span>settore <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>eriment<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>e<span class=\"_ _3\"></span> tiene conto delle pr<span class=\"_ _1\"></span>ospettive redditual<span class=\"_ _1\"></span>i e finanziari<span class=\"_ _1\"></span>e della CGU Anima;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">i  parametri  valutativi  adottati  risultano  comp<span class=\"_ _1\"></span>resi  in  in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>valli  ragionev<span class=\"_ _1\"></span>olmente  osservabili </span>nell\u2019attuale scenario d<span class=\"_ _1\"></span>i mercato;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">gli  am<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>iti  d<span class=\"_ _3\"></span>i  variabilit\u00e0 <span class=\"_ _f\"> </span>considerati  ai <span class=\"_ _f\"> </span>fini  del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>analisi  di <span class=\"_ _f\"> </span>sensitivit\u00e0  a<span class=\"_ _3\"></span>ppaiono  ra<span class=\"_ _1\"></span>gionevoli  e </span>coerenti <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>risultano <span class=\"_ _b\"></span>sostanzialmente <span class=\"_ _0\"></span>allineati <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>quanto <span class=\"_ _b\"></span>mediamente <span class=\"_ _b\"></span>osser<span class=\"_ _1\"></span>vabile <span class=\"_ _b\"></span>sul <span class=\"_ _b\"></span>mercato.<span class=\"_ _4a1\"> </span>Gli <span class=\"_ _f\"> </span>indicato<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>selezionati <span class=\"_ _f\"> </span>pe<span class=\"_ _3\"></span>r <span class=\"_ _f\"> </span>condurre <span class=\"_ _6\"></span>dette <span class=\"_ _6\"></span>analisi <span class=\"_ _f\"> </span>sono <span class=\"_ _5\"></span>q<span class=\"_ _0\"></span>uelli <span class=\"_ _6\"></span>abitualmente <span class=\"_ _6\"></span>utilizzati <span class=\"_ _6\"></span>nell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> prassi valutativa di r<span class=\"_ _1\"></span>iferimento;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">\u00e8 <span class=\"_ _0\"></span>stata <span class=\"_ _b\"></span>riscontrata<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>sostanziale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>orrettezza <span class=\"_ _0\"></span>matemat<span class=\"_ _1\"></span>ica <span class=\"_ _b\"></span>dei <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>oli<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>effettuati <span class=\"_ _b\"></span>dalla<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Societ\u00e0<span class=\"_ _4a1\"> </span></span>ai fini della dete<span class=\"_ _1\"></span>rminazione del val<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ecupe<span class=\"_ _1\"></span>rabile della CGU<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Ani<span class=\"_ _1\"></span>ma;<span class=\"_ _4a1\"> </span><span class=\"_ _1ea\"> </span><span class=\"ff2\">\u00e8 <span class=\"_ _0\"></span>stato osservato che <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>data di riferimento il f<span class=\"_ _0\"></span>air value <span class=\"_ _0\"></span>impli<span class=\"_ _1\"></span>cito<span class=\"_ _0\"></span> nella quotazione borsistica </span>del <span class=\"_ _0\"></span>tito<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>An<span class=\"_ _0\"></span>ima <span class=\"_ _0\"></span>risulti <span class=\"_ _0\"></span>superio<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>valore <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabil<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>CGU. <span class=\"_ _0\"></span>Occorre <span class=\"_ _0\"></span>tuttavia <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>iderare<span class=\"_ _4a1\"> </span>com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>tale <span class=\"_ _5\"></span>quotazione <span class=\"_ _b\"></span>risulti <span class=\"_ _b\"></span>influenzata <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>all<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a <span class=\"_ _5\"></span>pubblica <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>acquisto <span class=\"_ _5\"></span>p<span class=\"_ _1\"></span>romossa <span class=\"_ _b\"></span>da <span class=\"_ _5\"></span>Banco<span class=\"_ _4a1\"> </span>BPM Vita e comuni<span class=\"_ _1\"></span>cata al mercato in dat<span class=\"_ _1\"></span>a 6 novem<span class=\"_ _1\"></span>bre 2024; <span class=\"_ _1bb\"> </span><span class=\"ff2\">infine, <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>stato <span class=\"_ _5\"></span>riscontrato <span class=\"_ _5\"></span>che <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>stimato <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>unzio<span class=\"_ _1\"></span>ne <span class=\"_ _6\"></span>del <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>orrispet<span class=\"_ _1\"></span>tivo <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ic<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nosciuto </span>nell\u2019OPA risulti supe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iore al <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alore <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontabile <span class=\"_ _1\"></span>della re<span class=\"_ _1\"></span>lativa CGU. Di c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nseguenza, EY <span class=\"_ _0\"></span>Advisory ritiene che <span class=\"_ _0\"></span>il metodo di <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>utazione adottato <span class=\"_ _0\"></span>dal<span class=\"_ _1\"></span>la <span class=\"_ _0\"></span>Societ\u00e0<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sia adeguato, in <span class=\"_ _1\"></span>quanto <span class=\"_ _3\"></span>nel<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> circostanza <span class=\"_ _3\"></span>ragionevole <span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>non <span class=\"_ _1\"></span>arbitra<span class=\"_ _1\"></span>rio<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>onforme <span class=\"_ _3\"></span>alle in<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cazioni <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>principi <span class=\"_ _3\"></span>contabili di <span class=\"_ _0\"></span>riferime<span class=\"_ _1\"></span>nto <span class=\"_ _0\"></span>e che <span class=\"_ _0\"></span>lo stesso sia <span class=\"_ _0\"></span>stato correttament<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>plicato <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>fini<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>della determinazione del valore d\u2019uso della CGU A<span class=\"_ _1\"></span>nima oggetto di a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>alisi.<span class=\"_ _3\"></span> <div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs696\">9.2 Attivit\u00e0 immateri<span class=\"_ _1\"></span>ali: variazioni an<span class=\"_ _1\"></span>nue </div><div class=\"gs697\"><table class=\"s w4d2 h391\" id=\"_f0c5690c-419f-4cbf-872f-f433f16813bd\"><tr><td></td><td class=\"t m21 x5f3 hac y1933 ff3 fs3a fc1 sc0 ls0 ws0\">31.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1935 w4d3 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">A. Esisten<span class=\"_ _0\"></span>ze<span class=\"_ _1\"></span> in<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>ali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f4 y1935 w4d4 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">1.5<span class=\"_ _0\"></span>93.<span class=\"_ _0\"></span>673<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1936 w4d5 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">B.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Aument<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f5 y1936 w4d6 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>67<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1938 w4d7 h366\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">B.<span class=\"_ _0\"></span>1 Acq<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>ist<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f6 y1938 w4d8 h366\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>743<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1939 w4d9 h366\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">B.<span class=\"_ _0\"></span>4 Alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e varia<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f7 y1939 w4da h366\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>932<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y193a w4db h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">C. Di<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>uzio<span class=\"_ _0\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f8 y193a w4dc h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">(45.16<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y193b w4dd h356\"><div class=\"t m21 x17f hac y1934 ff2 fs3a fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>1 Vend<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>te<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f9 y193b w4de h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y193c w4df h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>2 Am<span class=\"_ _0\"></span>mo<span class=\"_ _3\"></span>rta<span class=\"_ _0\"></span>men<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5fa y193c w4e0 h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">(45.<span class=\"_ _0\"></span>013)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y193d w4e1 h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>3 Rett<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>e di va<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5fb y193d w4e2 h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">(150)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y193e w4e3 h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">- a<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Con<span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>no<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5fc y193e w4e2 h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">(150)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w4e4 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>. <span class=\"_ _1\"></span>Ri<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nenze fin<span class=\"_ _0\"></span>ali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5fd y16d8 w4e5 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">1.5<span class=\"_ _0\"></span>56.18<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs698\">La voce \u201cB.1 Acquist<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>\u201d si rifer<span class=\"_ _1\"></span>isce princip<span class=\"_ _1\"></span>almente a software a<span class=\"_ _1\"></span>cquistati nell\u2019eser<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>izio da An<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ma SGR.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs699\">La  v<span class=\"_ _1\"></span>oce  \u201cB<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>  Altre<span class=\"_ _3\"></span>  variazioni\u201d<span class=\"_ _1\"></span>  si <span class=\"_ _f\"> </span>riferisce<span class=\"_ _1\"></span>   <span class=\"_ _f\"> </span>princip<span class=\"_ _3\"></span>alm<span class=\"_ _0\"></span>ente <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>(i)  l\u2019a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>viamento<span class=\"_ _1\"></span>  pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vvis<span class=\"_ _1\"></span>orio <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>al </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs69a\">conferimento de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>d\u2019azienda <span class=\"_ _1\"></span>effettuata <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>6 agost<span class=\"_ _1\"></span>o 2024 in <span class=\"_ _1\"></span>Vita <span class=\"_ _1\"></span>Srl per <span class=\"_ _3\"></span>circa Euro 2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>8 <span class=\"_ _1\"></span>milioni, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs69b\">(ii)<span class=\"_ _1f\"> </span>l\u2019avviament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>per <span class=\"_ _5\"></span>aggiu<span class=\"_ _0\"></span>stame<span class=\"_ _3\"></span>nto<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>prezzo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>acquisizione <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>Castello <span class=\"_ _5\"></span>SGR, <span class=\"_ _b\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _b\"></span>Euro <span class=\"_ _5\"></span>0,4<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs69c\">milioni, <span class=\"_ _f\"></span>rilevato <span class=\"_ _f\"> </span>il <span class=\"_ _f\"></span>2<span class=\"_ _1\"></span>9 <span class=\"_ _f\"> </span>febbraio <span class=\"_ _f\"> </span>2024 <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>se<span class=\"_ _1\"></span>guito <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>erificars<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>eventi <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _6\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>no <span class=\"_ _f\"> </span>reso <span class=\"_ _f\"> </span>certa <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>sua<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs69d\">rilevazione, (iii) <span class=\"_ _0\"></span>al marchio \u201cKairos\u201d <span class=\"_ _0\"></span>par<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>a circa <span class=\"_ _0\"></span>E<span class=\"_ _1\"></span>uro <span class=\"_ _0\"></span>2 milioni <span class=\"_ _0\"></span>prese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te nel bilancio <span class=\"_ _0\"></span>sepa<span class=\"_ _1\"></span>rato d<span class=\"_ _0\"></span>i Kairos </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs69e\">SGR, <span class=\"_ _0\"></span>(iv) <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>immateriali <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>defi<span class=\"_ _1\"></span>nita <span class=\"_ _0\"></span>presenti <span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>bilanci <span class=\"_ _0\"></span>separati di <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Vita<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs69f\">Srl, <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ispettiva<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _0\"></span>pre-acquisizio<span class=\"_ _1\"></span>ne <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>pre-confer<span class=\"_ _1\"></span>imento, <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>totale <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>circa <span class=\"_ _0\"></span>Euro <span class=\"_ _b\"></span>0,5 <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ilio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>(v)<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6a0\">all\u2019aggiustamento <span class=\"_ _3\"></span>prezzo <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>corrispondere, <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>circa <span class=\"_ _3\"></span>Euro <span class=\"_ _1\"></span>0,2 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>riferito <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>Mand<span class=\"_ _0\"></span>ati <span class=\"_ _8\"></span>di <span class=\"_ _1\"></span>Gestione,<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6a1\">cos\u00ec <span class=\"_ _3\"></span>come <span class=\"_ _1\"></span>previst<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dagli <span class=\"_ _3\"></span>accordi <span class=\"_ _3\"></span>sottoscritti <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>sede <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>acquisto <span class=\"_ _3\"></span>(integrati/m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>difi<span class=\"_ _1\"></span>cati <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ors<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>2020.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-31": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 9 \u2013 Attivit\u00e0 immateriali \u2013 Voce 90 9.1 Attivit\u00e0 immateri<span class=\"_ _1\"></span>ali: composizion<span class=\"_ _1\"></span>e per tipologia di<span class=\"_ _1\"></span> attivit\u00e0<span class=\"_ _1\"></span> <table class=\"s w415 h380\" id=\"_a9db71d2-cb12-4b8e-821c-62787f1d5927\"><tr><td></td><td class=\"c n x563 y18ad w416 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Total<span class=\"_ _0\"></span>e 31.12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x564 y18ad w417 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.<span class=\"_ _0\"></span>2023<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x231 y18ae w418 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Att<span class=\"_ _0\"></span>ivit\u00e0<span class=\"_ _0\"></span> valutat<span class=\"_ _0\"></span>e al costo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x565 y18ae w419 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Atti<span class=\"_ _0\"></span>vit\u00e0 valu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate al fair val<span class=\"_ _0\"></span>ue<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x566 y18ae w41a h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Att<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t\u00e0 valu<span class=\"_ _0\"></span>tate al cost<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x567 y18ae w41b h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">At<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit\u00e0 valut<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> fair value<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1783 w41c h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">1. Avviamento<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x568 y1783 w41d h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">1.168<span class=\"_ _0\"></span>.200<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x569 y1783 w41e h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">1.165<span class=\"_ _0\"></span>.022<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y16e4 w41f h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">2. Alt<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>e att<span class=\"_ _0\"></span>ivit<span class=\"_ _0\"></span>\u00e0 immaterial<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x56a y16e4 w420 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">387.985<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x56b y16e4 w421 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x56c y16e4 w422 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">428<span class=\"_ _0\"></span>.651<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x56d y16e4 w423 h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18b0 w424 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span> G<span class=\"_ _3\"></span>enerate i<span class=\"_ _3\"></span>nternamente<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x56e y18b0 w425 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x56f y18b0 w426 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18b1 w427 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _0\"></span> A<span class=\"_ _1\"></span>ltre<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x570 y18b1 w428 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>87.98<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x571 y18b1 w429 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">428.<span class=\"_ _0\"></span>651<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18b2 w42a h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">di cu<span class=\"_ _3\"></span>i so<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>wa<span class=\"_ _0\"></span>re <span class=\"_ _1\"></span>e altre<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x572 y18b2 w42b h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">5.296<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x573 y18b2 w42c h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>379<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18b3 w42d h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">di cu<span class=\"_ _3\"></span>i in<span class=\"_ _3\"></span>tangibili<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x574 y18b3 w429 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">382<span class=\"_ _0\"></span>.689<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x575 y18b3 w429 h374\"><div class=\"t m20 x17f ha4 y18af ff2 fs37 fc1 sc0 ls0 ws0\">423.<span class=\"_ _0\"></span>272<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x576 y16d8 w42e h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x577 y16d8 w42f h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">1.556.18<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x578 y16d8 w41e h374\"><div class=\"t m20 x17f ha3 y18ac ff3 fs37 fc1 sc0 ls0 ws0\">1.593<span class=\"_ _0\"></span>.673<span class=\"_ _4a1\"> </span></div></td><td></td></tr></table>Nel <span class=\"_ _b\"></span>prospetto <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>segue <span class=\"_ _b\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>riepilogata<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>la <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>osizione <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _0\"></span>immateriali <span class=\"_ _0\"></span>iscri<span class=\"_ _0\"></span>tte <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>presente Bilancio consolidato <span class=\"_ _1\"></span>del Gruppo:<table class=\"s w430 h381\" id=\"_65f16551-912b-41b8-a112-a0b5d886cdb9\"><tr><td></td><td class=\"c n x579 y18b5 w431 h355\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57a y18b5 w431 h355\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18b7 w432 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to da PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span>x G<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ielle<span class=\"_ _1\"></span> S<span class=\"_ _0\"></span>g<span class=\"_ _3\"></span>r<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57b y18b7 w433 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">42<span class=\"_ _0\"></span>1.95<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57c y18b7 w434 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">421<span class=\"_ _0\"></span>.951<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18b8 w435 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to da PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span>x Prim<span class=\"_ _1\"></span>a S<span class=\"_ _0\"></span>gr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57d y18b8 w436 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">30<span class=\"_ _0\"></span>4.73<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57e y18b8 w434 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">304<span class=\"_ _0\"></span>.736<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18b9 w437 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to da PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> Anima Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57f y18b9 w433 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>6.73<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x580 y18b9 w438 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">316<span class=\"_ _0\"></span>.738<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18ba w439 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to da PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> Compe<span class=\"_ _3\"></span>ndio Scisso <span class=\"_ _0\"></span>BP<span class=\"_ _1\"></span>F<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x581 y18ba w43a h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">44.3<span class=\"_ _0\"></span>27<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x582 y18ba w43b h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.327<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18bb w43c h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> e<span class=\"_ _1\"></span>x Aperta SGR <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> ex Lussemb<span class=\"_ _1\"></span>urg<span class=\"_ _1\"></span>o Gestion<span class=\"_ _3\"></span>i S<span class=\"_ _0\"></span>A<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x583 y18bb w43d h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">17.7<span class=\"_ _0\"></span>11<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x584 y18bb w43e h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>.711<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18bc w43f h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to da PP<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span> Caste<span class=\"_ _1\"></span>llo<span class=\"_ _1\"></span> S<span class=\"_ _0\"></span>gr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x585 y18bc w43d h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">59.9<span class=\"_ _0\"></span>44<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x586 y18bc w440 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.559<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18bd w441 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">Avviam<span class=\"_ _1\"></span>en<span class=\"_ _3\"></span>to prov<span class=\"_ _1\"></span>visorio Vita<span class=\"_ _1\"></span> S<span class=\"_ _0\"></span>.r.l<span class=\"_ _1\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x587 y18bd w442 h356\"><div class=\"t m2 x17f ha6 y18b6 ff2 fs38 fc1 sc0 ls0 ws0\">2.79<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18be w443 h355\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">TOTALE<span class=\"_ _1\"></span> AVVI<span class=\"_ _3\"></span>AMENTO CONSOL<span class=\"_ _1\"></span>IDATO<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x588 y18be w444 h355\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>16<span class=\"_ _0\"></span>8.2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x589 y18be w445 h355\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>165<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>022<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m2 x2ed ha5 y18bf ff3 fs38 fc1 sc0 ls0 ws0\">ALT<span class=\"_ _1\"></span>RE ATTIVI<span class=\"_ _3\"></span>TA' <span class=\"_ _0\"></span>I<span class=\"_ _1\"></span>MM<span class=\"_ _0\"></span>ATE<span class=\"_ _3\"></span>RALI<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr></table><table class=\"s w446 h382\" id=\"_aa2ceb8a-0556-4db4-997e-bef5de304e99\"><tr><td class=\"t m2 x2ed ha5 y18c0 ff3 fs38 fc1 sc0 ls0 ws0\">Int<span class=\"_ _1\"></span>an<span class=\"_ _1\"></span>gi<span class=\"_ _1\"></span>bi<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y18c2 w447 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">Inta<span class=\"_ _3\"></span>ngibil<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>PPA Anima<span class=\"_ _1\"></span> S<span class=\"_ _0\"></span>gr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58a y18c2 w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">11<span class=\"_ _0\"></span>2.12<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58b y18c2 w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">11<span class=\"_ _0\"></span>2.1<span class=\"_ _0\"></span>21<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x58c y18c4 w448 h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">-  di c<span class=\"_ _0\"></span>ui Intan<span class=\"_ _0\"></span>gib<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li bilanc<span class=\"_ _0\"></span>io Anim<span class=\"_ _0\"></span>a Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58d y18c4 w449 h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">17<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>7<span class=\"_ _0\"></span>45<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58e y18c4 w44a h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>7.7<span class=\"_ _0\"></span>45<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18c5 w44b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>i e ret<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>iche<span class=\"_ _3\"></span> di valo<span class=\"_ _3\"></span>re ese<span class=\"_ _3\"></span>rcizi pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58f y18c5 w44c h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(9<span class=\"_ _0\"></span>7.736<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x590 y18c5 w44d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(97<span class=\"_ _0\"></span>.203<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18c6 w44e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o e ret<span class=\"_ _3\"></span>tifiche<span class=\"_ _3\"></span> di valore<span class=\"_ _3\"></span> eserc<span class=\"_ _3\"></span>izio corre<span class=\"_ _3\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x591 y18c6 w44f h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(5<span class=\"_ _0\"></span>33<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x592 y18c6 w450 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(5<span class=\"_ _0\"></span>33)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18c7 w451 h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore Residu<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ntang<span class=\"_ _3\"></span>ib<span class=\"_ _3\"></span>ili<span class=\"_ _1\"></span> PP<span class=\"_ _0\"></span>A An<span class=\"_ _3\"></span>ima S<span class=\"_ _0\"></span>g<span class=\"_ _3\"></span>r<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x593 y18c7 w452 h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">13.<span class=\"_ _0\"></span>85<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x594 y18c7 w453 h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>4.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>85<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18c8 w454 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">Inta<span class=\"_ _3\"></span>ngibil<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>PPA e<span class=\"_ _1\"></span>x G<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>stie<span class=\"_ _3\"></span>lle Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x595 y18c8 w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>80.3<span class=\"_ _0\"></span>41<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x596 y18c8 w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">38<span class=\"_ _0\"></span>0.3<span class=\"_ _0\"></span>41<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18c9 w44b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>i e ret<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>iche<span class=\"_ _3\"></span> di valo<span class=\"_ _3\"></span>re ese<span class=\"_ _3\"></span>rcizi pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x597 y18c9 w455 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>52.1<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x598 y18c9 w456 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(126<span class=\"_ _0\"></span>.780<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18ca w44e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o e ret<span class=\"_ _3\"></span>tifiche<span class=\"_ _3\"></span> di valore<span class=\"_ _3\"></span> eserc<span class=\"_ _3\"></span>izio corre<span class=\"_ _3\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x599 y18ca w457 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>5.35<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59a y18ca w458 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(25<span class=\"_ _0\"></span>.356<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18cb w459 h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore Residu<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ntang<span class=\"_ _3\"></span>ib<span class=\"_ _3\"></span>ili<span class=\"_ _1\"></span> PP<span class=\"_ _0\"></span>A e<span class=\"_ _0\"></span>x G<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>le S<span class=\"_ _0\"></span>g<span class=\"_ _3\"></span>r<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59b y18cb w45a h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>02.<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>49<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59c y18cb w45b h383\"><div class=\"t m2 x17f ha5 y18b4 ff3 fs38 fc1 sc0 ls0 ws0\">228<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>205<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18cc w45c h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">Inta<span class=\"_ _3\"></span>ngibil<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>PPA Compe<span class=\"_ _3\"></span>ndio Sciss<span class=\"_ _0\"></span>o BPF<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59d y18cc w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>6.87<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59e y18cc w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>6.8<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18cd w44b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>i e ret<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>iche<span class=\"_ _3\"></span> di valo<span class=\"_ _3\"></span>re ese<span class=\"_ _3\"></span>rcizi pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58f y18cd w44c h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(3<span class=\"_ _0\"></span>6.808<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x590 y18cd w44d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(29<span class=\"_ _0\"></span>.689<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18ce w44e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o e ret<span class=\"_ _3\"></span>tifiche<span class=\"_ _3\"></span> di valore<span class=\"_ _3\"></span> eserc<span class=\"_ _3\"></span>izio corre<span class=\"_ _3\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59f y18ce w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(7.1<span class=\"_ _0\"></span>39<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a0 y18ce w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(7<span class=\"_ _0\"></span>.119<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d0 w45e h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore Residu<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ntang<span class=\"_ _3\"></span>ib<span class=\"_ _3\"></span>ili<span class=\"_ _1\"></span> PP<span class=\"_ _0\"></span>A Co<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>pen<span class=\"_ _3\"></span>dio<span class=\"_ _1\"></span> S<span class=\"_ _0\"></span>ci<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>o BPF<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a1 y18d0 w45f h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">62.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>28<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a2 y18d0 w460 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>067<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d1 w461 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">Inta<span class=\"_ _3\"></span>ngibil<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>PPA Cas<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ello Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a3 y18d1 w43a h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">11.2<span class=\"_ _0\"></span>72<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a4 y18d1 w43e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>.422<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x58c y18d2 w462 h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">-  di c<span class=\"_ _0\"></span>ui Intan<span class=\"_ _0\"></span>gib<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li bilanc<span class=\"_ _0\"></span>io Castell<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a5 y18d2 w463 h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">2.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a6 y18d2 w464 h368\"><div class=\"t m2 x17f ha6 y18c3 ff5 fs38 fc1 sc0 ls0 ws0\">2.4<span class=\"_ _0\"></span>79<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d3 w44b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>i e ret<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>iche<span class=\"_ _3\"></span> di valo<span class=\"_ _3\"></span>re ese<span class=\"_ _3\"></span>rcizi pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a7 y18d3 w465 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(1.22<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18d4 w44e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o e ret<span class=\"_ _3\"></span>tifiche<span class=\"_ _3\"></span> di valore<span class=\"_ _3\"></span> eserc<span class=\"_ _3\"></span>izio corre<span class=\"_ _3\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59f y18d4 w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(2.7<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a0 y18d4 w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>.220<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d5 w466 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore Residu<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ntang<span class=\"_ _3\"></span>ib<span class=\"_ _3\"></span>ili<span class=\"_ _1\"></span> PP<span class=\"_ _0\"></span>A Ca<span class=\"_ _3\"></span>st<span class=\"_ _0\"></span>ello<span class=\"_ _1\"></span> Sgr<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a8 y18d5 w467 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _0\"></span>41<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a9 y18d5 w460 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>201<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d6 w468 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _1\"></span>le Inta<span class=\"_ _3\"></span>ngib<span class=\"_ _3\"></span>il<span class=\"_ _3\"></span>i c<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>soli<span class=\"_ _1\"></span>da<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> da PPA<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5aa y18d6 w469 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>6.<span class=\"_ _0\"></span>96<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ab y18d6 w469 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">32<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.8<span class=\"_ _0\"></span>58<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d7 w46a h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">Inta<span class=\"_ _3\"></span>ngibil<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>riferi<span class=\"_ _3\"></span>ti ai M<span class=\"_ _3\"></span>andati<span class=\"_ _1\"></span> di G<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>tione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ac y18d7 w46b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>8.750<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ad y18d7 w433 h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.519<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d8 w44b h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>i e ret<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>iche<span class=\"_ _3\"></span> di valo<span class=\"_ _3\"></span>re ese<span class=\"_ _3\"></span>rcizi pre<span class=\"_ _1\"></span>ce<span class=\"_ _1\"></span>de<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x58f y18d8 w44c h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(3<span class=\"_ _0\"></span>8.105<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x590 y18d8 w44d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(31<span class=\"_ _0\"></span>.187<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18d9 w44e h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">- amm<span class=\"_ _3\"></span>ortam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o e ret<span class=\"_ _3\"></span>tifiche<span class=\"_ _3\"></span> di valore<span class=\"_ _3\"></span> eserc<span class=\"_ _3\"></span>izio corre<span class=\"_ _3\"></span>nte<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x59f y18d9 w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(6.9<span class=\"_ _0\"></span>41<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5a0 y18d9 w45d h371\"><div class=\"t m2 x17f ha6 y18c1 ff2 fs38 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>.918<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18da w46c h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore Residu<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ntang<span class=\"_ _3\"></span>ib<span class=\"_ _3\"></span>ili<span class=\"_ _1\"></span> ri<span class=\"_ _3\"></span>fe<span class=\"_ _0\"></span>riti<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>i Man<span class=\"_ _3\"></span>dati di<span class=\"_ _3\"></span> Gest<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>one<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ae y18da w453 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>70<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c x5af y18db w2c h5b\"><div class=\"t m2 x3b ha5 y46b ff3 fs38 fc1 sc0 ls0 ws0\">100<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>414<span class=\"_ _0\"></span> </div></td></tr><tr><td class=\"c n x1a9 y18dc w46d h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">M<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rchio K<span class=\"_ _1\"></span>ai<span class=\"_ _3\"></span>ros SGR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b0 y18dc w46e h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>96<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18dd w46f h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">M<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rchio V<span class=\"_ _3\"></span>ita srl<span class=\"_ _1\"></span> (Hall<span class=\"_ _3\"></span>di<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b1 y18dd w470 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">53<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18de w471 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _1\"></span>le Inta<span class=\"_ _3\"></span>ngib<span class=\"_ _3\"></span>il<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x57f y18de w469 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">38<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>68<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b2 y18de w469 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">42<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>72<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16e4 w472 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">Alt<span class=\"_ _1\"></span>re att<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>t\u00e0 immateri<span class=\"_ _1\"></span>al<span class=\"_ _3\"></span>i c<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>nsoli<span class=\"_ _1\"></span>d<span class=\"_ _3\"></span>ate<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b3 y16e4 w473 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>29<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b4 y16e4 w473 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>379<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d6 w474 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">TOTALE<span class=\"_ _1\"></span> AL<span class=\"_ _1\"></span>TRE<span class=\"_ _1\"></span> ATT<span class=\"_ _0\"></span>I<span class=\"_ _3\"></span>VITA' IMM<span class=\"_ _0\"></span>ATE<span class=\"_ _1\"></span>RIA<span class=\"_ _3\"></span>LI<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b5 y16d6 w475 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">38<span class=\"_ _0\"></span>7.<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b6 y16d6 w469 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">42<span class=\"_ _0\"></span>8.<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>51<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w476 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">TOTALE<span class=\"_ _1\"></span> ATTIV<span class=\"_ _3\"></span>ITA'<span class=\"_ _0\"></span> IMMATERIA<span class=\"_ _3\"></span>LI CON<span class=\"_ _3\"></span>S<span class=\"_ _0\"></span>OLI<span class=\"_ _3\"></span>DAT<span class=\"_ _0\"></span>E<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b7 y16d8 w444 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>56.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>85<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5b8 y16d8 w477 h384\"><div class=\"t m2 x17f ha5 y18cf ff3 fs38 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>593<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>673<span class=\"_ _4a1\"> </span></div></td></tr></table>Le <span class=\"_ _21\"> </span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _1c\"> </span>immateriali <span class=\"_ _1c\"> </span>a <span class=\"_ _1c\"> </span>v<span class=\"_ _0\"></span>ita<span class=\"_ _3\"></span> <span class=\"_ _21\"> </span>utile <span class=\"_ _1c\"> </span>indefinita,<span class=\"_ _1\"></span> <span class=\"_ _21\"> </span>rappresentate<span class=\"_ _3\"></span> <span class=\"_ _21\"> </span>dagli <span class=\"_ _1c\"> </span>avviamenti, <span class=\"_ _1c\"> </span>ammontano com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te  a  Euro <span class=\"_ _211\"> </span>1.168,2  mi<span class=\"_ _0\"></span>lion<span class=\"_ _1\"></span>i.  L<span class=\"_ _0\"></span>\u2019i<span class=\"_ _1\"></span>ncremento  di<span class=\"_ _0\"></span>  circa  Euro <span class=\"_ _211\"> </span>3,2 <span class=\"_ _211\"> </span>milioni  r<span class=\"_ _0\"></span>ispetto<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>alla <span class=\"_ _211\"> </span>31 dicembre  2023 <span class=\"_ _211\"> </span>\u00e8  stato <span class=\"_ _211\"> </span>determinato<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>dalla  rilevazione  di <span class=\"_ _211\"> </span>(i)  un <span class=\"_ _211\"> </span>avviamento  provvisorio<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span>relativo  al<span class=\"_ _4a1\"> </span>conferimento del <span class=\"_ _1\"></span>ramo d\u2019azienda effettuata i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> data <span class=\"_ _3\"></span>6 ag<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>sto 2024 in Vita Srl pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> cir<span class=\"_ _1\"></span>ca Euro 2,8 milion<span class=\"_ _1\"></span>i (per <span class=\"_ _16\"> </span>ulteriori <span class=\"_ _16\"> </span>dettagli <span class=\"_ _16\"> </span>si <span class=\"_ _16\"> </span>rimanda <span class=\"_ _16\"> </span>al <span class=\"_ _16\"> </span>paragrafo <span class=\"_ _16\"> </span>\u201cPa<span class=\"_ _1\"></span>rte <span class=\"_ _16\"> </span>A <span class=\"_ _1f\"> </span>\u2013 <span class=\"_ _16\"> </span>Politiche <span class=\"_ _16\"> </span>contabili, <span class=\"_ _16\"> </span>Altre <span class=\"_ _16\"> </span>informa<span class=\"_ _1\"></span>zioni \u201cOperazione <span class=\"_ _0\"></span>di conferiment<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>ramo aziend<span class=\"_ _0\"></span>a in <span class=\"_ _0\"></span>Vita S<span class=\"_ _1\"></span>rl\u201d <span class=\"_ _0\"></span>della pr<span class=\"_ _0\"></span>esente Nota In<span class=\"_ _0\"></span>teg<span class=\"_ _1\"></span>rativa c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nsolidata) <span class=\"_ _0\"></span>e (ii) un aggiusta<span class=\"_ _1\"></span>mento del prezzo<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>acquis<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>ne di C<span class=\"_ _1\"></span>astello SGR, par<span class=\"_ _1\"></span>i a circa <span class=\"_ _1\"></span>Euro 0,4 mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni, <span class=\"_ _1\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ato il<span class=\"_ _4a1\"> </span>29 febbraio 2024, a seg<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> del ve<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ificarsi di eve<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>che hanno reso ce<span class=\"_ _1\"></span>rta la sua rilevazio<span class=\"_ _1\"></span>ne.<span class=\"_ _4a1\"> </span>Le attivit\u00e0 intan<span class=\"_ _1\"></span>gibili a vita utile de<span class=\"_ _1\"></span>finita sono pri<span class=\"_ _1\"></span>ncipalmente costituite da: <span class=\"_ _1bb\"> </span><span class=\"ff2\">rapporti  c<span class=\"_ _1\"></span>ontr<span class=\"_ _0\"></span>att<span class=\"_ _3\"></span>uali,  valorizzati  in  sede<span class=\"_ _3\"></span>  d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>  <span class=\"ff5\">Purch<span class=\"_ _1\"></span>ase  Price  Allocation<span class=\"_ _1\"></span><span class=\"ff2\">  (\u201cPPA\u201d)<span class=\"_ _1\"></span>  di  Anima  SG<span class=\"_ _3\"></span>R<span class=\"_ _4a1\"> </span></span></span></span>avvenuta <span class=\"_ _1c\"> </span>nel <span class=\"_ _1c\"> </span>201<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>, <span class=\"_ _1d\"> </span>nei <span class=\"_ _1c\"> </span>quali <span class=\"_ _1c\"> </span>si <span class=\"_ _1c\"> </span>sostanzia<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _1d\"> </span>la <span class=\"_ _1c\"> </span>relazione <span class=\"_ _1d\"> </span>con <span class=\"_ _1c\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _1d\"> </span>clientela <span class=\"_ _1c\"> </span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uista<span class=\"_ _4a1\"> </span>(completamente <span class=\"_ _211\"> </span>ammortizza<span class=\"_ _1\"></span>ta) <span class=\"_ _211\"> </span>ed <span class=\"_ _211\"> </span>i<span class=\"_ _0\"></span>l  m<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>chi<span class=\"_ _0\"></span>o  \u201cAnima\u201d, <span class=\"_ _211\"> </span>qu<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>\u2019u<span class=\"_ _0\"></span>lt<span class=\"_ _1\"></span>imo <span class=\"_ _211\"> </span>iscritto <span class=\"_ _c\"> </span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  un <span class=\"_ _c\"> </span>valore residuo <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>cir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _f\"></span>1<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9 <span class=\"_ _f\"> </span>mili<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>vi<span class=\"_ _0\"></span>ta <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>le <span class=\"_ _5\"></span>stimata <span class=\"_ _f\"></span>definita <span class=\"_ _5\"></span>su<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>base <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>durata <span class=\"_ _6\"></span>di Anima <span class=\"_ _0\"></span>SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> come pr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ist<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> dallo statuto; <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>l valore di<span class=\"_ _0\"></span> tale intangibile era <span class=\"_ _0\"></span>stato<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uantificato <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ulla base  dei  costi  di<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>pubblicit\u00e0  sosten<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ti  dalla  s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet<span class=\"_ _1\"></span>\u00e0  nei  7  anni  precedenti<span class=\"_ _1\"></span>  all\u2019acquisizio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e  e<span class=\"_ _3\"></span> riv<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tat<span class=\"_ _1\"></span>i ad un tasso de<span class=\"_ _1\"></span>l 2%;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">rapporti <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntrattuali, <span class=\"_ _0\"></span>valorizzati <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>sede <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>PPA <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>ffettuata <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>lla <span class=\"_ _b\"></span>ex <span class=\"_ _0\"></span>Aletti <span class=\"_ _b\"></span>Gest<span class=\"_ _1\"></span>ielle <span class=\"_ _b\"></span>SGR <span class=\"_ _b\"></span>S.p.A.<span class=\"_ _3\"></span> </span>(\u201cGestielle SG<span class=\"_ _1\"></span>R\u201d \u2013 societ\u00e0 p<span class=\"_ _1\"></span>oi incorporata in An<span class=\"_ _1\"></span>ima SGR), nei <span class=\"_ _1\"></span>quali si sostanz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>a la re<span class=\"_ _1\"></span>lazione con la <span class=\"_ _b\"></span>clientela <span class=\"_ _b\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisita <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>valo<span class=\"_ _1\"></span>re <span class=\"_ _b\"></span>residuo <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>202,8 <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ilioni; <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>particolare<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>tenuto <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span>delle <span class=\"_ _1f\"> </span>specificit\u00e0 <span class=\"_ _16\"> </span>delle <span class=\"_ _1f\"> </span>acquisizi<span class=\"_ _1\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>esame <span class=\"_ _1f\"> </span>e <span class=\"_ _16\"> </span>della <span class=\"_ _16\"> </span>prassi <span class=\"_ _1f\"> </span>o<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>mai <span class=\"_ _1f\"> </span>consolidata<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>n<span class=\"_ _0\"></span>el <span class=\"_ _16\"> </span>settor<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> dell\u2019asset <span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>age<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ent,<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>stato <span class=\"_ _0\"></span>identificato <span class=\"_ _b\"></span>l\u2019intang<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>bile <span class=\"_ _0\"></span>\u201c<span class=\"ff5\">Customer <span class=\"_ _b\"></span>Relationshi<span class=\"_ _1\"></span>p<span class=\"ff2\">\u201d <span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>cui <span class=\"_ _b\"></span>valore <span class=\"_ _0\"></span>\u00e8<span class=\"_ _4a1\"> </span></span></span>dato <span class=\"_ _211\"> </span>dal <span class=\"_ _c\"> </span>margine  commissionale  n<span class=\"_ _0\"></span>etto  lungo  l<span class=\"_ _0\"></span>a  du<span class=\"_ _0\"></span>rata  economica <span class=\"_ _211\"> </span>del  r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>orto <span class=\"_ _211\"> </span>acquisito, distinguendo <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>redditivit\u00e0 <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>etta<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>ass<span class=\"_ _1\"></span>oc<span class=\"_ _0\"></span>ia<span class=\"_ _3\"></span>bi<span class=\"_ _0\"></span>le <span class=\"_ _5\"></span>alle <span class=\"_ _5\"></span>diff<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>enti <span class=\"_ _5\"></span>tipologie <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>fondi <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>estiti. <span class=\"_ _5\"></span>I <span class=\"_ _5\"></span>volumi utilizzati come base di <span class=\"_ _0\"></span>partenza<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>la valu<span class=\"_ _0\"></span>taz<span class=\"_ _1\"></span>ione dell\u2019intan<span class=\"_ _1\"></span>gibile, sono stati qu<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>lli r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>lativ<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>agl<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span>AuM dei <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ond<span class=\"_ _1\"></span>i gestiti <span class=\"_ _3\"></span>da Gestielle S<span class=\"_ _3\"></span>GR alla <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>acquisizione, <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vvero <span class=\"_ _3\"></span>al 28 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>icemb<span class=\"_ _1\"></span>re 2017<span class=\"_ _1\"></span>; la<span class=\"_ _4a1\"> </span>vita <span class=\"_ _6\"></span>utile <span class=\"_ _5\"></span>stim<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>tale <span class=\"_ _6\"></span>intangibile <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>stata <span class=\"_ _5\"></span>definit<span class=\"_ _1\"></span>a <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>quindici <span class=\"_ _6\"></span>anni, <span class=\"_ _5\"></span>con <span class=\"_ _6\"></span>ammortamento <span class=\"_ _5\"></span>in<span class=\"_ _4a1\"> </span>quo<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>costanti; <span class=\"_ _1bb\"> </span><span class=\"ff2\">rapporti <span class=\"_ _c\"> </span>contr<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>uali, <span class=\"_ _c\"> </span>valorizzati <span class=\"_ _16\"> </span>in <span class=\"_ _c\"> </span>sede <span class=\"_ _16\"> </span>di <span class=\"_ _c\"> </span>PPA <span class=\"_ _c\"> </span>eff<span class=\"_ _0\"></span>ettuata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>con <span class=\"_ _16\"> </span>riferimento <span class=\"_ _c\"> </span>alla <span class=\"_ _16\"> </span>sciss<span class=\"_ _1\"></span>ione<span class=\"_ _4a1\"> </span></span>parziale <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _1\"></span>ramo d\u2019azie<span class=\"_ _3\"></span>nd<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>di Ban<span class=\"_ _1\"></span>coPosta Fo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>di S<span class=\"_ _1\"></span>GR <span class=\"_ _1\"></span>(\u201cCompendio <span class=\"_ _3\"></span>Sc<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>sso\u201d <span class=\"_ _1\"></span>\u2013 s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>issione a<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>avore<span class=\"_ _3\"></span> di Anima S<span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>R), per<span class=\"_ _3\"></span> un valore resi<span class=\"_ _1\"></span>duo pari a <span class=\"_ _3\"></span>Euro 62,9 m<span class=\"_ _1\"></span>ilioni; in p<span class=\"_ _1\"></span>articolare \u00e8<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>stat<span class=\"_ _1\"></span>o identificato<span class=\"_ _1\"></span> l\u2019intangibile <span class=\"_ _1f\"> </span>\u201cAccordo <span class=\"_ _16\"> </span>Operativo\u201d, <span class=\"_ _1f\"> </span>il <span class=\"_ _1f\"> </span>cui <span class=\"_ _1f\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _1f\"> </span>\u00e8 <span class=\"_ _1f\"> </span>stato <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nato <span class=\"_ _15\"> </span>sul<span class=\"_ _1\"></span>la <span class=\"_ _1f\"> </span>base <span class=\"_ _1f\"> </span>dei <span class=\"_ _1f\"> </span>flussi fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari <span class=\"_ _e\"> </span>attesi, <span class=\"_ _d\"> </span>g<span class=\"_ _0\"></span>ene<span class=\"_ _1\"></span>rati <span class=\"_ _e\"> </span>dalle <span class=\"_ _e\"> </span>masse <span class=\"_ _d\"> </span>in <span class=\"_ _e\"> </span>gestione <span class=\"_ _e\"> </span>(AuM), <span class=\"_ _d\"> </span>lungo <span class=\"_ _e\"> </span>la <span class=\"_ _e\"> </span>durata<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>dell\u2019<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>ccordo Operativo, <span class=\"_ _6\"></span>stipulato <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _5\"></span>6 <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>rzo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>2018 <span class=\"_ _5\"></span>tr<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>Pos<span class=\"_ _3\"></span>te <span class=\"_ _6\"></span>Italiane, <span class=\"_ _6\"></span>BancoPosta <span class=\"_ _5\"></span>Fond<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>SGR, <span class=\"_ _6\"></span>Poste<span class=\"_ _4a1\"> </span>Vita, <span class=\"_ _b\"></span>Ani<span class=\"_ _0\"></span>ma <span class=\"_ _0\"></span>H<span class=\"_ _0\"></span>oldi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>SGR. <span class=\"_ _5\"></span>La <span class=\"_ _b\"></span>vita <span class=\"_ _5\"></span>utile <span class=\"_ _5\"></span>di <span class=\"_ _0\"></span>tale <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _5\"></span>immateriale <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _b\"></span>stata <span class=\"_ _b\"></span>stimata <span class=\"_ _5\"></span>in quindici anni, co<span class=\"_ _1\"></span>n ammortamento in qu<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>te costanti<span class=\"_ _3\"></span>; <span class=\"_ _1bb\"> </span><span class=\"ff2\">rapporti <span class=\"_ _b\"></span>contrattuali, <span class=\"_ _b\"></span>valorizza<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>in <span class=\"_ _b\"></span>sede <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>PPA <span class=\"_ _b\"></span>effett<span class=\"_ _1\"></span>uata <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>riferime<span class=\"_ _1\"></span>nto <span class=\"_ _b\"></span>all<span class=\"_ _0\"></span>\u2019a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _b\"></span>di </span>Castello <span class=\"_ _0\"></span>SGR avv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta in <span class=\"_ _0\"></span>data 19 <span class=\"_ _0\"></span>luglio <span class=\"_ _0\"></span>2023, per <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>valore resi<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>uo <span class=\"_ _0\"></span>pari a <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>7,3 milioni; <span class=\"_ _0\"></span>in particolare,  s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _f\"> </span>stati  individuati <span class=\"_ _f\"> </span>57  intangibi<span class=\"_ _1\"></span>li  a<span class=\"_ _3\"></span>  vita  utile  de<span class=\"_ _1\"></span>finita  relati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i  a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>le <span class=\"_ _f\"> </span>\u201cCustomer<span class=\"_ _4a1\"> </span>Relationship\u201d <span class=\"_ _e\"> </span>connesse <span class=\"_ _d\"> </span>al <span class=\"_ _19\"> </span>rapporto <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>clientela <span class=\"_ _d\"> </span>so<span class=\"_ _0\"></span>ttostante <span class=\"_ _e\"> </span>le <span class=\"_ _e\"> </span>masse <span class=\"_ _e\"> </span>gestite <span class=\"_ _e\"> </span>dai <span class=\"_ _e\"> </span>fondi immobiliari <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>Castello <span class=\"_ _15\"> </span>SGR, <span class=\"_ _15\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>cui<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>valore <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _15\"> </span>stato <span class=\"_ _15\"> </span>determinat<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>considerand<span class=\"_ _1\"></span>o <span class=\"_ _d\"> </span>il <span class=\"_ _15\"> </span>margine commissionale <span class=\"_ _16\"> </span>netto <span class=\"_ _1f\"> </span>generato <span class=\"_ _16\"> </span>dalle <span class=\"_ _1f\"> </span>masse <span class=\"_ _1f\"> </span>in <span class=\"_ _16\"> </span>gestione <span class=\"_ _1f\"> </span>lungo <span class=\"_ _1f\"> </span>la <span class=\"_ _1f\"> </span>durata <span class=\"_ _16\"> </span>dei <span class=\"_ _1f\"> </span>singoli <span class=\"_ _1f\"> </span>fondi<span class=\"_ _4a1\"> </span>immobiliari <span class=\"_ _19\"> </span>considerati.<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>Come<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>richiesto<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>dai<span class=\"_ _1\"></span> <span class=\"_ _1b\"> </span>principi <span class=\"_ _e\"> </span>contabili <span class=\"_ _1b\"> </span>inter<span class=\"_ _1\"></span>nazionali, <span class=\"_ _19\"> </span>sono <span class=\"_ _19\"> </span>stati analizzati <span class=\"_ _0\"></span>solo <span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>fo<span class=\"_ _1\"></span>ndi <span class=\"_ _b\"></span>atti<span class=\"_ _1\"></span>vi <span class=\"_ _b\"></span>prima <span class=\"_ _0\"></span>della d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>acquisizione, <span class=\"_ _0\"></span>mentre <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>relazione <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>vita <span class=\"_ _0\"></span>utile delle <span class=\"_ _e\"> </span>Customer <span class=\"_ _e\"> </span>R<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nship<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _19\"> </span>stata <span class=\"_ _e\"> </span>considerat<span class=\"_ _1\"></span>a <span class=\"_ _19\"> </span>la <span class=\"_ _19\"> </span>durata<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>r<span class=\"_ _0\"></span>esi<span class=\"_ _1\"></span>dua <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>ias<span class=\"_ _1\"></span>cun <span class=\"_ _e\"> </span>fondo. L\u2019ammortamento <span class=\"_ _21\"> </span>totale <span class=\"_ _1c\"> </span>riportato <span class=\"_ _1c\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _1c\"> </span>tabella <span class=\"_ _1c\"> </span>\u00e8 <span class=\"_ _21\"> </span>calcolato <span class=\"_ _21\"> </span>come <span class=\"_ _21\"> </span>la <span class=\"_ _1c\"> </span>sommatoria <span class=\"_ _21\"> </span>de<span class=\"_ _1\"></span>gli ammortamenti spe<span class=\"_ _1\"></span>cifici di ciascun fo<span class=\"_ _1\"></span>ndo.<span class=\"_ _4a1\"> </span>Si  informa <span class=\"_ _f\"> </span>che  su <span class=\"_ _f\"> </span>tali  intan<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ibili, <span class=\"_ _f\"> </span>in  p<span class=\"_ _1\"></span>articolare  s<span class=\"_ _1\"></span>u <span class=\"_ _f\"> </span>q<span class=\"_ _0\"></span>uelli <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ienti <span class=\"_ _f\"> </span>dal  bilan<span class=\"_ _1\"></span>cio<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>sepa<span class=\"_ _1\"></span>rato  di Castello  S<span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>R,  \u00e8<span class=\"_ _3\"></span>  stata <span class=\"_ _f\"> </span>rilevata <span class=\"_ _f\"> </span>n<span class=\"_ _0\"></span>el <span class=\"_ _f\"> </span>corso <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019esercizio <span class=\"_ _f\"> </span>una  s<span class=\"_ _1\"></span>valutazione  p<span class=\"_ _1\"></span>er <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>E<span class=\"_ _0\"></span>uro <span class=\"_ _f\"> </span>150 migliaia, dovuta pri<span class=\"_ _1\"></span>ncipalmente alla c<span class=\"_ _1\"></span>ontrazione de<span class=\"_ _1\"></span>lle proiezio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i dei <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>lussi di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>assa ge<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>erati <span class=\"_ _1\"></span>dai<span class=\"_ _4a1\"> </span>sottostanti <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>ontratti <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>gestione <span class=\"_ _c\"> </span>dei <span class=\"_ _16\"> </span>fondi <span class=\"_ _16\"> </span>immobiliari <span class=\"_ _16\"> </span>per <span class=\"_ _c\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>significativo <span class=\"_ _16\"> </span>mutament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span> contesto macroe<span class=\"_ _1\"></span>conomico e <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziario risp<span class=\"_ _1\"></span>etto a q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>anto<span class=\"_ _1\"></span> osservabile<span class=\"_ _1\"></span> alla data<span class=\"_ _1\"></span> di acquisiz<span class=\"_ _1\"></span>ione;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">mandati <span class=\"_ _f\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>gestione <span class=\"_ _6\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>delega <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _6\"></span>attivi <span class=\"_ _6\"></span>derivanti <span class=\"_ _6\"></span>dall<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>impresa <span class=\"_ _6\"></span>assicurativa </span>(\u201cMandati <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> Gest<span class=\"_ _3\"></span>ione\u201d) a<span class=\"_ _3\"></span>cqu<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>siti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> contro<span class=\"_ _1\"></span>llata <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>SGR <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> Banca <span class=\"_ _3\"></span>Aletti <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>29<span class=\"_ _3\"></span> giugno<span class=\"_ _4a1\"> </span>2018 <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>valore <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esidu<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>93,7 <span class=\"_ _b\"></span>milioni. <span class=\"_ _b\"></span>In<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>partic<span class=\"_ _0\"></span>olare, <span class=\"_ _b\"></span>tenuto <span class=\"_ _0\"></span>conto<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>della <span class=\"_ _b\"></span>specificit\u00e0<span class=\"_ _4a1\"> </span>dell\u2019acquisizione<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>esame, <span class=\"_ _0\"></span>il v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>dell\u2019attivit\u00e0 in<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>ng<span class=\"_ _0\"></span>ibile<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>(pari <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>rezzo <span class=\"_ _0\"></span>corrispost<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>Banca<span class=\"_ _4a1\"> </span>Aletti), \u00e8 <span class=\"_ _3\"></span>stato <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eter<span class=\"_ _1\"></span>minato s<span class=\"_ _3\"></span>ul<span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ase<span class=\"_ _3\"></span> delle <span class=\"_ _3\"></span>masse t<span class=\"_ _3\"></span>rasferite ad<span class=\"_ _1\"></span> Ani<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>SGR alla <span class=\"_ _3\"></span>data di<span class=\"_ _3\"></span> acquisto<span class=\"_ _4a1\"> </span>(pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>9,4 mi<span class=\"_ _0\"></span>lia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>di).<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>La <span class=\"_ _0\"></span>vita<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>utile <span class=\"_ _0\"></span>stimata per <span class=\"_ _0\"></span>tale <span class=\"_ _0\"></span>intangibile<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stata <span class=\"_ _0\"></span>defin<span class=\"_ _1\"></span>ita <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>venti anni, <span class=\"_ _c\"> </span>con <span class=\"_ _c\"> </span>ammortame<span class=\"_ _1\"></span>nto <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>quote <span class=\"_ _c\"> </span>costanti. <span class=\"_ _211\"> </span>Si <span class=\"_ _c\"> </span>informa <span class=\"_ _211\"> </span>ch<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>su <span class=\"_ _211\"> </span>tale <span class=\"_ _c\"> </span>intangibile, <span class=\"_ _211\"> </span>cos\u00ec <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>ome<span class=\"_ _4a1\"> </span>previsto d<span class=\"_ _0\"></span>agli accordi <span class=\"_ _0\"></span>sottos<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritti in<span class=\"_ _0\"></span> sede di<span class=\"_ _0\"></span> acquist<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (i<span class=\"_ _0\"></span>nte<span class=\"_ _1\"></span>grati/modificati nel <span class=\"_ _0\"></span>corso d<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>l <span class=\"_ _0\"></span>2020),<span class=\"_ _4a1\"> </span>\u00e8 <span class=\"_ _b\"></span>stato <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>ilevato <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>corso <span class=\"_ _b\"></span>dell\u2019esercizi<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>20<span class=\"_ _0\"></span>24 <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>aggiustamento <span class=\"_ _b\"></span>prezzo <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>corrispondere <span class=\"_ _b\"></span>alla controparte per <span class=\"_ _1\"></span>circa Euro 231 migliaia.<span class=\"_ _1\"></span> Si r<span class=\"_ _0\"></span>ico<span class=\"_ _1\"></span>rda c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>per le <span class=\"_ _0\"></span>ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>ni di<span class=\"_ _0\"></span> acquisizione rife<span class=\"_ _1\"></span>rite <span class=\"_ _0\"></span>alla ex G<span class=\"_ _0\"></span>estiel<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e SGR, al Com<span class=\"_ _0\"></span>pen<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>io Scisso <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>ai Mandati di<span class=\"_ _3\"></span> Gestione, <span class=\"_ _3\"></span>gli a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>cordi <span class=\"_ _3\"></span>definiti <span class=\"_ _1\"></span>(come <span class=\"_ _3\"></span>integrati/modificati <span class=\"_ _3\"></span>da quant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>sottoscritto <span class=\"_ _3\"></span>nel corso<span class=\"_ _3\"></span> del 2020) <span class=\"_ _5\"></span>prevedono, <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>linea <span class=\"_ _b\"></span>con <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>prassi <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>operazioni <span class=\"_ _5\"></span>analoghe, <span class=\"_ _5\"></span>spe<span class=\"_ _1\"></span>cifici <span class=\"_ _5\"></span>meccanismi <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>protezione <span class=\"_ _b\"></span>e garanzia <span class=\"_ _19\"> </span>(ad <span class=\"_ _19\"> </span>esempio <span class=\"_ _19\"> </span>meccanismi <span class=\"_ _e\"> </span>di <span class=\"_ _19\"> </span>aggiustamento <span class=\"_ _e\"> </span>pr<span class=\"_ _0\"></span>ezz<span class=\"_ _1\"></span>o, <span class=\"_ _e\"> </span>m<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>canismi <span class=\"_ _19\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span><span class=\"ff5\">earn-in <span class=\"_ _19\"> </span>/ <span class=\"_ _19\"> </span>earn-out</span>, mantenimento di <span class=\"_ _0\"></span>determi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ati livelli <span class=\"_ _0\"></span>di quote di <span class=\"_ _0\"></span>mer<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ato d<span class=\"_ _0\"></span>a parte delle c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntroparti dei <span class=\"_ _0\"></span>prod<span class=\"_ _1\"></span>otti <span class=\"_ _0\"></span>gestiti dal <span class=\"_ _0\"></span>Gruppo, <span class=\"_ _0\"></span>meccanism<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fica <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>performance <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>prod<span class=\"_ _1\"></span>otti <span class=\"_ _0\"></span>gestiti <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>Gruppo <span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>ime<span class=\"_ _1\"></span>di <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>caso di  <span class=\"ff5\">underperformance<span class=\"_ _1\"></span><span class=\"ff2\">  degli  stessi<span class=\"_ _1\"></span>).  Per  mag<span class=\"_ _1\"></span>giori  detta<span class=\"_ _1\"></span>gli,  si  rimanda  al<span class=\"_ _1\"></span>  Capitolo  X<span class=\"_ _1\"></span>XII  del  Prospetto<span class=\"_ _1\"></span> </span></span>Informativo <span class=\"_ _1f\"> </span>pubblicat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>data <span class=\"_ _16\"> </span>2<span class=\"_ _0\"></span>3 <span class=\"_ _16\"> </span>mar<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>o <span class=\"_ _1f\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>18 <span class=\"_ _16\"> </span>relativo <span class=\"_ _1f\"> </span>all\u2019aumento <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _16\"> </span>e <span class=\"_ _1f\"> </span>ai <span class=\"_ _1f\"> </span>documenti informativi r<span class=\"_ _0\"></span>elativi <span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>operazioni <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>maggiore <span class=\"_ _0\"></span>rile<span class=\"_ _3\"></span>vanza <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>parti correlate <span class=\"_ _0\"></span>pubblicate<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>7 <span class=\"_ _0\"></span>aprile 2020 e in data 21 ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio 2020, <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ispo<span class=\"_ _1\"></span>nibili sul sito d<span class=\"_ _3\"></span>ella Societ\u00e0. Nella <span class=\"_ _6\"></span>successi<span class=\"_ _1\"></span>va <span class=\"_ _6\"></span>tabella <span class=\"_ _5\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rnisce <span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>riconciliazio<span class=\"_ _1\"></span>ne <span class=\"_ _6\"></span>tra <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>partecipaz<span class=\"_ _1\"></span>ioni <span class=\"_ _6\"></span>detenute <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>la <span class=\"_ _6\"></span>Societ\u00e0 <span class=\"_ _6\"></span>ed iscritte nel <span class=\"_ _1\"></span>Bilancio d<span class=\"_ _3\"></span>i Esercizio e<span class=\"_ _1\"></span> le <span class=\"_ _3\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>imm<span class=\"_ _0\"></span>ate<span class=\"_ _1\"></span>riali evide<span class=\"_ _1\"></span>nziate nel <span class=\"_ _3\"></span>pr<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>nte Bilancio C<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nsolidato:<table class=\"s w478 h385\" id=\"_79a90937-298f-4931-884b-df95eb5a9850\"><tr><td class=\"c n x1a9 y18e0 w479 h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">Par<span class=\"_ _0\"></span>tecip<span class=\"_ _0\"></span>azion<span class=\"_ _0\"></span>i i<span class=\"_ _0\"></span>sc<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itt<span class=\"_ _0\"></span>e s<span class=\"_ _3\"></span>u Ani<span class=\"_ _0\"></span>ma <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g bil<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>o s<span class=\"_ _1\"></span>epa<span class=\"_ _0\"></span>rato<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5b9 y18e0 w47a h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">1.929.<span class=\"_ _0\"></span>316<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18e1 w47b h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">Rett<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca per <span class=\"_ _1\"></span>LTIP dell<span class=\"_ _0\"></span>e parte<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>zioni<span class=\"_ _0\"></span> iscr<span class=\"_ _1\"></span>it<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>su Ani<span class=\"_ _0\"></span>ma <span class=\"_ _1\"></span>Ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5ba y18e1 w47c h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">(82.<span class=\"_ _0\"></span>649)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18e2 w47d h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">Rett<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca per <span class=\"_ _1\"></span>versam<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span> a f<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>do ped<span class=\"_ _0\"></span>uto p<span class=\"_ _0\"></span>er <span class=\"_ _1\"></span>acqu<span class=\"_ _0\"></span>isizio<span class=\"_ _0\"></span>ne Mand<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span> di Ges<span class=\"_ _1\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a Banca Alett<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5bb y18e2 w47c h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">(90.<span class=\"_ _0\"></span>000)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18e3 w47e h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">Capi<span class=\"_ _0\"></span>tale<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Soc<span class=\"_ _0\"></span>iale An<span class=\"_ _0\"></span>ima A<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ve<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> a <span class=\"_ _1\"></span>fon<span class=\"_ _0\"></span>do p<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>uto<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5bc y18e3 w47f h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">(6.<span class=\"_ _0\"></span>567)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18e4 w480 h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">Pat<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>io Net<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i Anima SGR alla dat<span class=\"_ _0\"></span>a di acq<span class=\"_ _0\"></span>uisizi<span class=\"_ _0\"></span>one<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5bd y18e4 w481 h386\"><div class=\"t m2 x17f ha7 y18df ff3 fs39 fc1 sc0 ls0 ws0\">(172.<span class=\"_ _0\"></span>084)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18e5 w482 h387\"><div class=\"t m2 x17f ha8 y17bf ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5be y18e6 w483 h388\"><div class=\"t m2 x17f ha8 y189f ff2 fs39 fc1 sc0 ls0 ws0\">(161.<span class=\"_ _0\"></span>509)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18e8 w484 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (r<span class=\"_ _1\"></span>if. Gestielle<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>SGR)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5bf y18e9 w485 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(10.<span class=\"_ _0\"></span>175)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18ea w486 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (r<span class=\"_ _1\"></span>if. BP<span class=\"_ _0\"></span>F)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c0 y18eb w487 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(400)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18ed w488 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Di<span class=\"_ _0\"></span>fferenze s<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>iche di con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ament<span class=\"_ _0\"></span>o delle societ\u00e0 con<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>ate da Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a SGR<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5c1 y18ed w489 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">9.<span class=\"_ _0\"></span>186<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18ee w48a h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Lus<span class=\"_ _0\"></span>semburgo Gest<span class=\"_ _0\"></span>ioni S<span class=\"_ _3\"></span>A<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c2 y18ef w201 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18f0 w48b h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> M<span class=\"_ _1\"></span>an<span class=\"_ _0\"></span>agement C<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>pa<span class=\"_ _0\"></span>ny S<span class=\"_ _3\"></span>A<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c3 y18f1 w48c h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>218<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c x1a9 y18f3 w48d h38c\"><div class=\"t m2 x17f ha8 y18f2 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> Ass<span class=\"_ _0\"></span>et Mana<span class=\"_ _0\"></span>gement Ltd e e<span class=\"_ _1\"></span>x AA<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>F<span class=\"_ _4a1\"> </span></div><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Pat<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>io Net<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i Cas<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ello<span class=\"_ _0\"></span> SGR <span class=\"_ _3\"></span>al<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata d<span class=\"_ _0\"></span>i acqui<span class=\"_ _0\"></span>sizione<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span> i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ess<span class=\"_ _1\"></span>enze di<span class=\"_ _0\"></span> terzi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c4 y18f4 w48e h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(1.<span class=\"_ _0\"></span>868)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c5 y18f3 w489 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>342<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18f5 w48f h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Cast<span class=\"_ _0\"></span>ello SG<span class=\"_ _3\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c6 y18f6 w485 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(13.<span class=\"_ _0\"></span>092)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18f7 w490 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">In<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>nze di<span class=\"_ _3\"></span> te<span class=\"_ _0\"></span>rz<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c7 y18f8 w491 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">15.<span class=\"_ _0\"></span>434<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18f9 w492 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Avvi<span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>ent<span class=\"_ _0\"></span>o p<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>sente n<span class=\"_ _0\"></span>elle s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet<span class=\"_ _0\"></span>\u00e0 parteci<span class=\"_ _0\"></span>pat<span class=\"_ _0\"></span>e alla dat<span class=\"_ _0\"></span>a di acq<span class=\"_ _0\"></span>uisizi<span class=\"_ _0\"></span>one<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5c8 y18f9 w493 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">30.25<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y18fa w482 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5c9 y18fb w491 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">25.<span class=\"_ _0\"></span>686<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18fc w48f h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Cast<span class=\"_ _0\"></span>ello SG<span class=\"_ _3\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ca y18fd w48c h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>780<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y18fe w494 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Vita<span class=\"_ _0\"></span> S<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>r.<span class=\"_ _0\"></span>l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5cb y18ff w48c h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>793<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1900 w495 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Ril<span class=\"_ _0\"></span>evazio<span class=\"_ _0\"></span>ni Marchi<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5cc y1900 w47f h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>016)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1901 w496 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ka<span class=\"_ _0\"></span>iros P<span class=\"_ _0\"></span>artne<span class=\"_ _0\"></span>rs SG<span class=\"_ _3\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5cd y1902 w497 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>1.<span class=\"_ _0\"></span>963)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1903 w494 h389\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Vita<span class=\"_ _0\"></span> S<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>r.<span class=\"_ _0\"></span>l.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ce y1904 w498 h38a\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(53)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1905 w499 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Adeg<span class=\"_ _0\"></span>uame<span class=\"_ _1\"></span>nt<span class=\"_ _0\"></span>o p<span class=\"_ _0\"></span>er <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ri<span class=\"_ _0\"></span>levati i<span class=\"_ _0\"></span>n se<span class=\"_ _1\"></span>de di<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>PP<span class=\"_ _0\"></span>A (al netto<span class=\"_ _0\"></span> dell<span class=\"_ _0\"></span>e imposte diff<span class=\"_ _0\"></span>erit<span class=\"_ _0\"></span>e)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5cf y1905 w49a h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(460.<span class=\"_ _0\"></span>147)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1906 w49b h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (PPA<span class=\"_ _0\"></span> ese<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>cizi precedenti)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d0 y1907 w49c h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(91.<span class=\"_ _0\"></span>164)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1908 w49d h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (presen<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>nel bilancio civ<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>tico <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>lla contro<span class=\"_ _0\"></span>llata<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d1 y1909 w49c h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(17.<span class=\"_ _0\"></span>745)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y190a w49e h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (r<span class=\"_ _1\"></span>if. Ap<span class=\"_ _0\"></span>erta<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>SGR e L<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. Gestioni)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d2 y190b w49f h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>886<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y190c w4a0 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (presen<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>nel bilancio civ<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>tico <span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>lla contro<span class=\"_ _0\"></span>llata<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>e rif. Ape<span class=\"_ _0\"></span>rta SG<span class=\"_ _3\"></span>R e Lus<span class=\"_ _0\"></span>s. Gestio<span class=\"_ _0\"></span>ni)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d3 y190d w4a1 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(9.<span class=\"_ _0\"></span>680<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y190e w484 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (r<span class=\"_ _1\"></span>if. Gestielle<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>SGR)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d4 y190f w4a2 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(267.<span class=\"_ _0\"></span>874)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1910 w486 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (r<span class=\"_ _1\"></span>if. BP<span class=\"_ _0\"></span>F)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5bf y1911 w485 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(75.<span class=\"_ _0\"></span>272)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1912 w4a3 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Cast<span class=\"_ _0\"></span>ello SG<span class=\"_ _3\"></span>R (<span class=\"_ _0\"></span>PPA<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d5 y1913 w48e h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(8.<span class=\"_ _0\"></span>777)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1914 w4a4 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Cast<span class=\"_ _0\"></span>ello SG<span class=\"_ _3\"></span>R (<span class=\"_ _0\"></span>presenti ne<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _1\"></span>anccio c<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _1\"></span>listico della <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>llata)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d6 y1915 w49f h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>479<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1767 w4a5 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Rett<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>che di valo<span class=\"_ _0\"></span>re <span class=\"_ _1\"></span>pe<span class=\"_ _0\"></span>r oneri acces<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ri acqui<span class=\"_ _0\"></span>sto par<span class=\"_ _0\"></span>tecipaz<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>e r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>dot<span class=\"_ _0\"></span>ti a con<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>econo<span class=\"_ _0\"></span>mico (I<span class=\"_ _1\"></span>FRS<span class=\"_ _0\"></span> 3)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5d7 y1767 w4a6 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(22.0<span class=\"_ _0\"></span>04)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1916 w482 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d8 y1917 w48e h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(9.<span class=\"_ _0\"></span>517)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1918 w4a7 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">ex Ap<span class=\"_ _0\"></span>erta SGR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d9 y1919 w4a8 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(671)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y191a w48a h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Lus<span class=\"_ _0\"></span>semburgo Gest<span class=\"_ _0\"></span>ioni S<span class=\"_ _3\"></span>A<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5da y191b w487 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(185)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y191c w4a9 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>etti S<span class=\"_ _1\"></span>GR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5d8 y191c w48e h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(6.<span class=\"_ _0\"></span>438)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y191d w4aa h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">BPF<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5db y191d w48e h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(3.<span class=\"_ _0\"></span>445)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x5dc y191e w4ab h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">di c<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>Cas<span class=\"_ _0\"></span>tello SGR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5db y191e w4ac h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">(1.<span class=\"_ _0\"></span>748)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y191f w4ad h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">di cui<span class=\"_ _3\"></span> K<span class=\"_ _0\"></span>airos<span class=\"_ _0\"></span> Pa<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>te<span class=\"_ _0\"></span>ners SGR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5dd y191f w4ae h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">(80<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1920 w4af h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Alt<span class=\"_ _0\"></span>re retti<span class=\"_ _0\"></span>fich<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i valor<span class=\"_ _0\"></span>e per prin<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>ip<span class=\"_ _0\"></span>i i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ernazion<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5de y1920 w4b0 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>881)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1921 w4b1 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ani<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _1\"></span>GR (adeg. a<span class=\"_ _0\"></span>l fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue pres<span class=\"_ _0\"></span>tito s<span class=\"_ _0\"></span>ubordinat<span class=\"_ _0\"></span>o pre<span class=\"_ _0\"></span>sente alla<span class=\"_ _0\"></span> data<span class=\"_ _0\"></span> d<span class=\"_ _1\"></span>i acquisizio<span class=\"_ _0\"></span>ne al netto dell<span class=\"_ _0\"></span>e im<span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>te diffe<span class=\"_ _1\"></span>rite<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5df y1922 w4b0 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>609)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x5dc y1923 w4b2 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">di c<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>P<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sivit\u00e0 per corris<span class=\"_ _0\"></span>pettivi <span class=\"_ _1\"></span>p<span class=\"_ _0\"></span>otenzia<span class=\"_ _0\"></span>li<span class=\"_ _3\"></span> individuat<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>in sed<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>di PPA<span class=\"_ _0\"></span> ex Ape<span class=\"_ _0\"></span>rta<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e0 y1923 w4b3 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">(657)<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x5dc y1924 w4b4 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">di c<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>djust<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>nt C<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ello SG<span class=\"_ _3\"></span>R su a<span class=\"_ _0\"></span>vvi<span class=\"_ _1\"></span>amento<span class=\"_ _0\"></span> al Full G<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>dwil<span class=\"_ _1\"></span>l<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e1 y1924 w4b5 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">385<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1925 w4b6 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Ril<span class=\"_ _0\"></span>evazio<span class=\"_ _0\"></span>ne <span class=\"_ _1\"></span>ne<span class=\"_ _0\"></span>l conto<span class=\"_ _0\"></span> ec<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>omico con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span> dell'a<span class=\"_ _0\"></span>ggiu<span class=\"_ _0\"></span>stame<span class=\"_ _1\"></span>nt<span class=\"_ _0\"></span>o p<span class=\"_ _0\"></span>re<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>zo (IFRS3) ac<span class=\"_ _1\"></span>qu<span class=\"_ _0\"></span>isizi<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span> es<span class=\"_ _3\"></span>erci<span class=\"_ _0\"></span>zi p<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>eceden<span class=\"_ _0\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5e2 y1925 w4b7 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">54.<span class=\"_ _0\"></span>148<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1926 w4b8 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Ril<span class=\"_ _0\"></span>evazio<span class=\"_ _0\"></span>ne <span class=\"_ _1\"></span>ne<span class=\"_ _0\"></span>l conto<span class=\"_ _0\"></span> ec<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>omico con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span> del Badwill<span class=\"_ _0\"></span> (IFRS3) <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ne <span class=\"_ _1\"></span>Kai<span class=\"_ _0\"></span>ros Part<span class=\"_ _0\"></span>ners<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5e3 y1926 w4b9 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(18.<span class=\"_ _0\"></span>681)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1927 w4ba h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Rett<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca util<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>/perdi<span class=\"_ _0\"></span>te da cess<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>one di<span class=\"_ _0\"></span> parte<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>ip<span class=\"_ _0\"></span>azio<span class=\"_ _0\"></span>ne in<span class=\"_ _0\"></span>tragrup<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span> es<span class=\"_ _3\"></span>erciz<span class=\"_ _0\"></span>i precedent<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5e4 y1927 w498 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">(90)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w4bb h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale avviamento<span class=\"_ _0\"></span> Bil<span class=\"_ _0\"></span>ancio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>co<span class=\"_ _0\"></span>ns<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>dato<span class=\"_ _0\"></span> al 31/1<span class=\"_ _0\"></span>2/20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x5e5 y16d8 w4bc h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">1.17<span class=\"_ _0\"></span>0.132<span class=\"_ _4a1\"> </span></div></td></tr></table><table class=\"s w4bd h38f\" id=\"_3e2ff52a-dd09-4132-b90a-913b63ebd1d0\"><tr><td class=\"t m2 x2ed ha7 y1928 ff3 fs39 fc1 sc0 ls0 ws0\">Rico<span class=\"_ _0\"></span>ncili<span class=\"_ _0\"></span>azi<span class=\"_ _0\"></span>one at<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>t\u00e0 immateri<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Bi<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>cio Consol<span class=\"_ _0\"></span>ida<span class=\"_ _0\"></span>to al<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1/12<span class=\"_ _0\"></span>/202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></td><td></td></tr><tr><td class=\"c n x1a9 y1929 w4be h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Fa<span class=\"_ _0\"></span>ir <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue degli intangible identific<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>ti i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> sede di PPA<span class=\"_ _0\"></span> al lordo di ammorta<span class=\"_ _0\"></span>menti ed i<span class=\"_ _3\"></span>mpo<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>e dif<span class=\"_ _3\"></span>fe<span class=\"_ _0\"></span>rite<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e6 y192a w4bf h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">622.<span class=\"_ _0\"></span>971<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y192b w4c0 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Fa<span class=\"_ _0\"></span>ir <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alue degli  altri intangibili <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> vita utile definita<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e7 y192c w4bf h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">138.<span class=\"_ _0\"></span>750<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y192d w4c1 h38d\"><div class=\"t m2 x17f ha8 y18e7 ff5 fs39 fc1 sc0 ls0 ws0\">Ammort<span class=\"_ _0\"></span>amenti in<span class=\"_ _1\"></span>ta<span class=\"_ _0\"></span>ngibili anni <span class=\"_ _1\"></span>2009<span class=\"_ _0\"></span>-2023<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e8 y192e w4c2 h38e\"><div class=\"t m2 x17f ha8 y18a2 ff2 fs39 fc1 sc0 ls0 ws0\">(38<span class=\"_ _0\"></span>1.0<span class=\"_ _0\"></span>47)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y192f w4c3 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale Intan<span class=\"_ _0\"></span>gibi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i Bil<span class=\"_ _0\"></span>ancio<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>idat<span class=\"_ _0\"></span>o al 31/1<span class=\"_ _0\"></span>2/202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5e9 y192f w4c4 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">380.<span class=\"_ _0\"></span>674<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1927 w4c5 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Alt<span class=\"_ _0\"></span>re immobil<span class=\"_ _0\"></span>izzazio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i immaterial<span class=\"_ _0\"></span>i con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5ea y1927 w4c6 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>379<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w4c7 h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale att<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vit\u00e0 immateri<span class=\"_ _0\"></span>ali da<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Bil<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>o C<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idat<span class=\"_ _0\"></span>o al<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1/12<span class=\"_ _0\"></span>/202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5eb y16d8 w4bc h38b\"><div class=\"t m2 x17f ha7 y18ec ff3 fs39 fc1 sc0 ls0 ws0\">1.55<span class=\"_ _0\"></span>6.185<span class=\"_ _4a1\"> </span></div></td></tr></table>Impairment test L\u2019avviamento, <span class=\"_ _15\"> </span>secondo <span class=\"_ _1f\"> </span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>dispost<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>dallo <span class=\"_ _15\"> </span>IAS <span class=\"_ _1f\"> </span>3<span class=\"_ _0\"></span>6, <span class=\"_ _1f\"> </span>dev<span class=\"_ _0\"></span>e <span class=\"_ _15\"> </span>essere <span class=\"_ _15\"> </span>sottopost<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>annualmente <span class=\"_ _15\"> </span>ad impairment test<span class=\"ff2\"> per <span class=\"_ _1\"></span>verificarne la rec<span class=\"_ _1\"></span>uperabilit\u00e0. </span>Vi <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>u<span class=\"_ _0\"></span>na <span class=\"_ _5\"></span>perdita <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _6\"></span>ogniqualvolta <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _b\"></span>con<span class=\"_ _0\"></span>tabi<span class=\"_ _1\"></span>le <span class=\"_ _6\"></span>(\u201c<span class=\"ff5\">carrying <span class=\"_ _5\"></span>amount\u201d</span>) <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>un\u2019attivit\u00e0 <span class=\"_ _6\"></span>- <span class=\"_ _6\"></span>intesa individualmente o<span class=\"_ _0\"></span> come <span class=\"_ _0\"></span><span class=\"ff5\">cash <span class=\"_ _0\"></span>ge<span class=\"_ _1\"></span>nerating<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>unit <span class=\"ff2\">(\u201cC<span class=\"_ _0\"></span>GU\u201d), ovv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>il \u201ccentro d<span class=\"_ _0\"></span>i r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cavo\u201d <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>min<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ri dim<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>si<span class=\"_ _1\"></span>oni </span></span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ui <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>possibile <span class=\"_ _5\"></span>im<span class=\"_ _0\"></span>puta<span class=\"_ _3\"></span>re <span class=\"_ _f\"> </span>specifici<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _1\"></span>lussi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cassa <span class=\"_ _6\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>maggiore <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>recuperabile <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>stessa (\"<span class=\"ff5\">recoverable<span class=\"_ _1\"></span> amount\u201d<span class=\"ff2\">). Il valore recuperabi<span class=\"_ _1\"></span>le \u00e8 il ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giore tra il fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value al <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>etto <span class=\"_ _1\"></span>dei costi di vendita e </span></span>il valore d\u2019uso (\u201c<span class=\"ff5\">value in use\"<span class=\"_ _3\"></span>)<span class=\"ff2\">. </span></span>A tal <span class=\"_ _0\"></span>fine, l\u2019avviamento deve <span class=\"_ _0\"></span>esse<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e allocato a singole <span class=\"_ _0\"></span>o a gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>i di <span class=\"_ _0\"></span>unit\u00e0 generatri<span class=\"_ _1\"></span>ci d<span class=\"_ _0\"></span>i flussi finanziari dell\u2019acquirente in <span class=\"_ _0\"></span>modo che <span class=\"_ _0\"></span>tali unit\u00e0 <span class=\"_ _0\"></span>be<span class=\"_ _1\"></span>neficino d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e sinergie <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019agg<span class=\"_ _1\"></span>regazione, in<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ipendenteme<span class=\"_ _1\"></span>nte dal fatto che altre atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 o passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 de<span class=\"_ _1\"></span>ll\u2019acquisito <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>ano asse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nate a tali<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>nit\u00e0 o gruppi di u<span class=\"_ _1\"></span>nit\u00e0.  Nel <span class=\"_ _0\"></span>Bilan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>consolidato<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Ani<span class=\"_ _1\"></span>ma <span class=\"_ _0\"></span>H<span class=\"_ _1\"></span>olding, le <span class=\"_ _0\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>immateriali a vita uti<span class=\"_ _0\"></span>le indefinita,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rappresentate dagli <span class=\"_ _e\"> </span>avviamenti, <span class=\"_ _e\"> </span>amm<span class=\"_ _1\"></span>ontano <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>amente<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>a <span class=\"_ _e\"> </span>Euro <span class=\"_ _e\"> </span>1.168,2 <span class=\"_ _e\"> </span>mili<span class=\"_ _1\"></span>oni; <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>seguito, <span class=\"_ _d\"> </span>alle <span class=\"_ _e\"> </span>varie acquisizioni/fusio<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>per<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>corporazio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>av<span class=\"_ _1\"></span>venute <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>egli <span class=\"_ _6\"></span>anni, <span class=\"_ _6\"></span>gli <span class=\"_ _f\"> </span>av<span class=\"_ _1\"></span>viamenti <span class=\"_ _6\"></span>sono <span class=\"_ _f\"> </span>da <span class=\"_ _5\"></span>considerarsi <span class=\"_ _6\"></span>un unico <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>indistinto <span class=\"_ _5\"></span>avviame<span class=\"_ _1\"></span>nto, <span class=\"_ _5\"></span>allocato <span class=\"_ _5\"></span>all\u2019unica <span class=\"_ _b\"></span>CGU <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _b\"></span>dedicata <span class=\"_ _5\"></span>alla <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>estione <span class=\"_ _b\"></span>del risparmio (\u201cCGU A<span class=\"_ _1\"></span>nima\u201d - rapp<span class=\"_ _1\"></span>resentata dalle socie<span class=\"_ _3\"></span>t\u00e0 operativ<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el G<span class=\"_ _1\"></span>ru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o), in quanto:  \u2022<span class=\"ff4 fs5\"> <span class=\"_ _109\"> </span></span> i<span class=\"_ _0\"></span>l <span class=\"_ _6\"></span>man<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>gement <span class=\"_ _f\"> </span>del<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>Grupp<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>gestisce <span class=\"_ _f\"> </span>le <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>str<span class=\"_ _0\"></span>egua <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un\u2019unica <span class=\"_ _6\"></span>CGU<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>grado<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di generare flussi di re<span class=\"_ _1\"></span>ddito e di <span class=\"_ _1\"></span>cassa;  \u2022<span class=\"ff4 fs5\"> <span class=\"_ _109\"> </span></span>n<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>esiste <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>reporting <span class=\"_ _3\"></span>separato<span class=\"_ _3\"></span> (\u201c<span class=\"ff5\">segme<span class=\"_ _1\"></span>nt <span class=\"_ _3\"></span>reporting<span class=\"_ _3\"></span><span class=\"ff2\">\u201d<span class=\"_ _0\"></span>) <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>le <span class=\"_ _1\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _3\"></span>oggetto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>acquisizione; <span class=\"_ _3\"></span> </span></span>\u2022<span class=\"ff4 fs5\"> <span class=\"_ _109\"> </span></span>An<span class=\"_ _0\"></span>ima  Holding  non  d<span class=\"_ _0\"></span>etiene<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>alcuna  attivit\u00e0/passi<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _211\"> </span>estranea  al <span class=\"_ _c\"> </span>proprio  business  (c.d. surplus asset<span class=\"ff2\">). <span class=\"_ _1\"></span> </span>Inoltre, <span class=\"_ _15\"> </span>all\u2019inte<span class=\"_ _1\"></span>rno <span class=\"_ _15\"> </span>della <span class=\"_ _1f\"> </span>CGU <span class=\"_ _1f\"> </span>Anima <span class=\"_ _15\"> </span>a <span class=\"_ _1f\"> </span>cui <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _1f\"> </span>allocato <span class=\"_ _1f\"> </span>l\u2019<span class=\"_ _0\"></span>av<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>iame<span class=\"_ _1\"></span>nto, <span class=\"_ _15\"> </span>sono <span class=\"_ _16\"> </span>r<span class=\"_ _0\"></span>icomp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ese <span class=\"_ _1f\"> </span>le <span class=\"_ _15\"> </span>attivit\u00e0<span class=\"_ _1\"></span> immateriali <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>vita <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>tile <span class=\"_ _8\"></span>defin<span class=\"_ _0\"></span>ita,<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>individuate <span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>fase <span class=\"_ _3\"></span>di <span class=\"_ _8\"></span>PPA <span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>attravers<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>acquis<span class=\"_ _1\"></span>ite, <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>import<span class=\"_ _1\"></span>o totale <span class=\"_ _0\"></span>residuo <span class=\"_ _b\"></span>(al <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>o <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>a<span class=\"_ _1\"></span>mmortamenti <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>imposte <span class=\"_ _0\"></span>differite <span class=\"_ _b\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span>ualmente <span class=\"_ _b\"></span>isc<span class=\"_ _1\"></span>ritte) <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>circa Euro 314,9 milioni. <span class=\"_ _1\"></span> Il <span class=\"_ _0\"></span>principi<span class=\"_ _1\"></span>o c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabile in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>nazionale IAS 36 <span class=\"_ _0\"></span>prevede<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e su <span class=\"_ _0\"></span>tali<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mmateriali a v<span class=\"_ _0\"></span>ita utile <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>finita venga effettuato una <span class=\"_ _1\"></span>verifica dell\u2019es<span class=\"_ _1\"></span>istenza di indi<span class=\"_ _1\"></span>catori di perdite d<span class=\"_ _1\"></span>i valore (\u201c<span class=\"ff5\">trigger e<span class=\"_ _1\"></span>vents<span class=\"ff2\">\u201d).<span class=\"_ _1\"></span> </span></span>Si conferma <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> le valutazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>fett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ate dal<span class=\"_ _3\"></span> Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o su tali at<span class=\"_ _1\"></span>tivit\u00e0 i<span class=\"_ _1\"></span>mmateriali a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>vita<span class=\"_ _3\"></span> u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>le definita <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>on hanno <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levato <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>presenza <span class=\"_ _211\"> </span>di <span class=\"_ _16\"> </span>indicatori <span class=\"_ _211\"> </span>di <span class=\"_ _16\"> </span>perdita <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>valore<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>e <span class=\"_ _c\"> </span>quindi <span class=\"_ _c\"> </span>non <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _c\"> </span>stato <span class=\"_ _c\"> </span>effettuato <span class=\"_ _c\"> </span>un impairment test<span class=\"ff2\"> spec<span class=\"_ _1\"></span>ifico sulle sin<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ole atti<span class=\"_ _1\"></span>vit\u00e0 imma<span class=\"_ _1\"></span>teriali a vita utile de<span class=\"_ _1\"></span>finita.  </span>Tuttavia, <span class=\"_ _0\"></span>in continuit\u00e0 con <span class=\"_ _0\"></span>le scelte effettuate in <span class=\"_ _0\"></span>passa<span class=\"_ _1\"></span>to, <span class=\"_ _0\"></span>il Gruppo ha <span class=\"_ _0\"></span>ritenuto opportuno sottoporre ad <span class=\"_ _f\"> </span><span class=\"ff5\">impairment <span class=\"_ _f\"></span>test</span>, <span class=\"_ _f\"> </span>oltre <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>all\u2019avviamento<span class=\"_ _1\"></span>, <span class=\"_ _f\"> </span>anche <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>altre <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>immateriali <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>vita <span class=\"_ _f\"> </span>utile <span class=\"_ _f\"> </span>definita presenti  nel  prese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te  B<span class=\"_ _1\"></span>ilancio  co<span class=\"_ _1\"></span>nsolidato.  Pertanto,  l\u2019<span class=\"ff5\">impairme<span class=\"_ _1\"></span>nt  test<span class=\"_ _3\"></span><span class=\"ff2\"> <span class=\"_ _211\"> </span>ha  l\u2019obiettiv<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  di <span class=\"_ _f\"> </span>valu<span class=\"_ _0\"></span>tare<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>la </span></span>tenuta del <span class=\"ff5\">carrying<span class=\"_ _1\"></span> amount<span class=\"ff2\"> della CG<span class=\"_ _1\"></span>U Anima. </span></span>Nella conduzione del <span class=\"_ _1\"></span><span class=\"ff5\">test di impairment <span class=\"ff2\">al <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1 di<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _1\"></span>bre 2024, si \u00e8 tenuto c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nto an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he di quant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> segue:<span class=\"_ _1\"></span> </span></span><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Il <span class=\"_ _0\"></span><span class=\"ff5\">Public <span class=\"_ _0\"></span>Statement</span> <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>24 <span class=\"_ _0\"></span>ottobre <span class=\"_ _0\"></span>2024 d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019ESMA <span class=\"_ _0\"></span><span class=\"ff5\">\u201cEuropean <span class=\"_ _0\"></span>common <span class=\"_ _0\"></span>enforceme<span class=\"_ _1\"></span>nt <span class=\"_ _0\"></span>prioritie<span class=\"_ _1\"></span>s <span class=\"_ _0\"></span>for </span></span></span>2024 <span class=\"_ _b\"></span>corporate<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>reporting\u201d <span class=\"_ _b\"></span><span class=\"ff2\">(ripres<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>anche <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>CONSOB <span class=\"_ _0\"></span>nel <span class=\"_ _b\"></span>Richiamo <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>attenzione <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>/2<span class=\"_ _1\"></span>4 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>20 </span>dicembre  20<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4) <span class=\"_ _f\"> </span>rib<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>alcun<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>raccomandazio<span class=\"_ _1\"></span>ni  che <span class=\"_ _f\"> </span>gli  emittenti <span class=\"_ _f\"> </span>dovrebbero <span class=\"_ _f\"> </span>seguire  in modo <span class=\"_ _b\"></span>da <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>flettere, <span class=\"_ _b\"></span>qualora <span class=\"_ _0\"></span>presenti, <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _0\"></span>impatti <span class=\"_ _b\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>cambiamento <span class=\"_ _0\"></span>clim<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>sul <span class=\"_ _b\"></span>business <span class=\"_ _0\"></span>delle societ\u00e0. In partic<span class=\"_ _1\"></span>olare, tali priorit\u00e0 fanno<span class=\"_ _1\"></span> riferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> princ<span class=\"_ _1\"></span>ipalmente:<span class=\"_ _3\"></span> <span class=\"ff4\"> <span class=\"_ _21\"> </span><span class=\"ff2 fs2\">alla c<span class=\"_ _1\"></span>onsiderazione dei r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>schi <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>egati<span class=\"_ _1\"></span> al camb<span class=\"_ _1\"></span>iamento clima<span class=\"_ _1\"></span>tico durante la p<span class=\"_ _3\"></span>red<span class=\"_ _0\"></span>isp<span class=\"_ _3\"></span>osi<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> e </span></span>la revisione del b<span class=\"_ _1\"></span>ilancio; <span class=\"ff4\"> <span class=\"_ _21\"> </span><span class=\"ff2 fs2\">all'importanza<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>oiezioni <span class=\"_ _0\"></span>realisti<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>dei flu<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>si <span class=\"_ _0\"></span>di cassa <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>'a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bit<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>dete<span class=\"_ _1\"></span>rminazioni </span></span>del valore d\u2019uso delle<span class=\"_ _1\"></span> CGU oggetto di <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mpair<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ent t<span class=\"_ _1\"></span>est; <span class=\"ff4\"> <span class=\"_ _21\"> </span><span class=\"ff2 fs2\">alla <span class=\"_ _5\"></span>valutazione <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>impatti <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>derivanti <span class=\"_ _b\"></span>dalle <span class=\"_ _5\"></span>questioni <span class=\"_ _5\"></span>climatiche <span class=\"_ _5\"></span>sulle <span class=\"_ _5\"></span>attivit\u00e0 </span></span>non finanziarie. <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il Discussion paper n. 1/2022 \u201c<span class=\"_ _0\"></span>I<span class=\"_ _3\"></span>mpairm<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>t test dei non financial assets (IAS 36) a seguito della </span></span>guerra i<span class=\"_ _1\"></span>n Ucraina\u201d <span class=\"_ _3\"></span>pubblicato il <span class=\"_ _3\"></span>29<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>giugno 2<span class=\"_ _1\"></span>022 dall\u2019<span class=\"_ _1\"></span>Organismo Italian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di Val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>taz<span class=\"_ _1\"></span>ione (\u201cOIV\u201d<span class=\"_ _1\"></span>), che <span class=\"_ _1f\"> </span>ri<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ren<span class=\"_ _0\"></span>de<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>i <span class=\"_ _1f\"> </span>con<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uti<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>Public <span class=\"_ _15\"> </span>Statement<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>del <span class=\"_ _16\"> </span>1<span class=\"_ _0\"></span>3 <span class=\"_ _16\"> </span>maggio <span class=\"_ _1f\"> </span>2022 <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll\u2019<span class=\"_ _0\"></span>ESMA<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>(<span class=\"_ _0\"></span>oggett<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>del Richiamo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>attenzione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _1\"></span>onsob <span class=\"_ _6\"></span>del <span class=\"_ _f\"></span>1<span class=\"_ _1\"></span>9 <span class=\"_ _6\"></span>maggio <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>022) <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rnisce <span class=\"_ _6\"></span>indicazioni <span class=\"_ _6\"></span>operative <span class=\"_ _6\"></span>per<span class=\"_ _4a1\"> </span>trattare l<span class=\"_ _0\"></span>\u2019ince<span class=\"_ _1\"></span>rtezza dell<span class=\"_ _0\"></span>\u2019attuale contesto <span class=\"_ _0\"></span>nell\u2019am<span class=\"_ _3\"></span>bito <span class=\"_ _0\"></span>dell\u2019eventuale esercizio <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span>l\u2019im<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>irme<span class=\"_ _1\"></span>nt test.  Ai <span class=\"_ _3\"></span>fini <span class=\"_ _3\"></span>del <span class=\"_ _1\"></span>test <span class=\"_ _8\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>impairment, <span class=\"_ _3\"></span>gi\u00e0 <span class=\"_ _3\"></span>oggetto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>analisi <span class=\"_ _3\"></span>da<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>parte <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>Comitato <span class=\"_ _3\"></span>Controlli, <span class=\"_ _3\"></span>Risc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Sostenibilit\u00e0<span class=\"_ _1\"></span> e <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>successi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>approvazio<span class=\"_ _1\"></span>ne <span class=\"_ _6\"></span>da <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Consiglio <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>Amministrazione<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>Anima <span class=\"_ _b\"></span>H<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>lding <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _6\"></span>5 febbraio <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>25, <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>til<span class=\"_ _1\"></span>izzato <span class=\"_ _5\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>metodo <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>valore <span class=\"_ _5\"></span>d\u2019uso <span class=\"_ _6\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>verifica <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>uperabilit\u00e0 dell\u2019avviamento <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>altre <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _0\"></span>immateriali <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>utile <span class=\"_ _b\"></span>definita, <span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>do <span class=\"_ _b\"></span>conto <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>quanto sopra riportato in mer<span class=\"_ _1\"></span>ito alle raccoman<span class=\"_ _1\"></span>dazioni dell\u2019ESM<span class=\"_ _1\"></span>A e dell\u2019OIV. Al <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>dello <span class=\"_ _0\"></span>svolgiment<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ell\u2019<span class=\"ff5\">impair<span class=\"_ _1\"></span>ment<span class=\"ff2\"> <span class=\"_ _0\"></span></span>test <span class=\"_ _b\"></span><span class=\"ff2\">come d<span class=\"_ _0\"></span>isciplinat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dallo <span class=\"_ _0\"></span>IAS <span class=\"_ _0\"></span>36, <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>Gruppo <span class=\"_ _b\"></span>ha <span class=\"_ _0\"></span>utilizzato <span class=\"_ _0\"></span>il </span></span>metodo <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>d\u2019<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>so <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _5\"></span>assunzioni <span class=\"_ _5\"></span>aggiornate <span class=\"_ _5\"></span>che <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>iflettono <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>svilupp<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _5\"></span>recenti <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>ltime informazioni dispo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ibili. <span class=\"_ _3\"></span> Metodo: Valore d\u2019us<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (<span class=\"ff5\">Value in use</span>)<span class=\"_ _3\"></span> Il <span class=\"_ _6\"></span>valore <span class=\"_ _5\"></span>d\u2019u<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>determinato <span class=\"_ _5\"></span>attraverso <span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>stima <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _6\"></span>attuale <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ussi <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziari <span class=\"_ _6\"></span>futuri <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _5\"></span>si prevede  possano  essere  generati  dalla  CGU  Anima.  Il  valore  di <span class=\"_ _211\"> </span>un\u2019attivit\u00e0  \u00e8  calcolato  attraverso l\u2019attualizzazione  dei  f<span class=\"_ _1\"></span>lussi  finanziari  co<span class=\"_ _1\"></span>mprensivi <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>el  valo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e  terminale<span class=\"_ _1\"></span>  calcolato  come  una <span class=\"_ _f\"> </span>ren<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ita perpetua <span class=\"_ _3\"></span>stimata <span class=\"_ _3\"></span>in <span class=\"_ _1\"></span>base <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>flu<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>normalizzat<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>conomicamente <span class=\"_ _3\"></span>sostenibile <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>coerente <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>il t<span class=\"_ _1\"></span>asso stimato di cres<span class=\"_ _1\"></span>cita di lungo termine.<span class=\"_ _3\"></span> Con l\u2019attualizzaz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>lussi <span class=\"_ _1\"></span>di cassa si <span class=\"_ _1\"></span>determina l\u2019<span class=\"ff5\">Enterprise Valu<span class=\"_ _1\"></span>e<span class=\"ff2\"> della CGU.<span class=\"_ _1\"></span> </span></span>Il <span class=\"_ _0\"></span>metodo di <span class=\"_ _0\"></span>va<span class=\"_ _1\"></span>lutazione <span class=\"_ _0\"></span>ut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>lizzato ai fini <span class=\"_ _0\"></span>della stima d<span class=\"_ _0\"></span>el Value in<span class=\"_ _0\"></span> Use <span class=\"_ _0\"></span>\u00e8 il <span class=\"_ _0\"></span><span class=\"ff5\">Discounted Cash Flow <span class=\"_ _0\"></span></span>(\u201cDCF\u201d)<span class=\"_ _3\"></span> rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> ai fluss<span class=\"_ _1\"></span>i di reddito de<span class=\"_ _1\"></span>lla CGU Anima. I flussi di cassa A <span class=\"_ _1f\"> </span>no<span class=\"_ _0\"></span>rma <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>o <span class=\"_ _15\"> </span>IAS <span class=\"_ _1f\"> </span>36,<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>le <span class=\"_ _1f\"> </span>proiezioni <span class=\"_ _1f\"> </span>dei <span class=\"_ _15\"> </span>flussi <span class=\"_ _1f\"> </span>finanziari <span class=\"_ _1f\"> </span>attesi <span class=\"_ _15\"> </span>devono <span class=\"_ _1f\"> </span>b<span class=\"_ _0\"></span>asa<span class=\"_ _1\"></span>rsi <span class=\"_ _1f\"> </span>sul<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>pi\u00f9 <span class=\"_ _1f\"> </span>recente budget/piano <span class=\"_ _b\"></span>industriale <span class=\"_ _b\"></span>approvato<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>dal <span class=\"_ _b\"></span>Gruppo, <span class=\"_ _b\"></span>nonch\u00e9 <span class=\"_ _b\"></span>su <span class=\"_ _5\"></span>presupposti<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>ionevoli <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>dimostrabili <span class=\"_ _b\"></span>in grado <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>rappresentare<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>migliore <span class=\"_ _0\"></span>stima<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>delle <span class=\"_ _0\"></span>co<span class=\"_ _1\"></span>ndizioni <span class=\"_ _0\"></span>economi<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>future, <span class=\"_ _0\"></span>attese lungo <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>restante vita <span class=\"_ _1f\"> </span>u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>le <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>atti<span class=\"_ _1\"></span>vit\u00e0. <span class=\"_ _15\"> </span>Per <span class=\"_ _1f\"> </span>la <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>eterm<span class=\"_ _1\"></span>inazione <span class=\"_ _16\"> </span>del <span class=\"_ _15\"> </span><span class=\"ff5\">Value <span class=\"_ _1f\"> </span>in <span class=\"_ _1f\"> </span>use <span class=\"_ _15\"> </span></span>al <span class=\"_ _16\"> </span>31<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>dicembre <span class=\"_ _1f\"> </span>2024, <span class=\"_ _1f\"> </span>le <span class=\"_ _15\"> </span>stime prospettiche <span class=\"_ _0\"></span>dei <span class=\"_ _b\"></span>flussi <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>cassa <span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>dalla <span class=\"_ _0\"></span>CGU <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>sono <span class=\"_ _0\"></span>state <span class=\"_ _0\"></span>sv<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>luppate <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>partire <span class=\"_ _b\"></span>dai <span class=\"_ _0\"></span>dati <span class=\"_ _b\"></span>del Budget <span class=\"_ _b\"></span>2025 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>del<span class=\"_ _0\"></span>l\u2019a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio<span class=\"_ _1\"></span>rnamento <span class=\"_ _b\"></span>delle <span class=\"_ _5\"></span>p<span class=\"_ _1\"></span>roi<span class=\"_ _0\"></span>ezi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>economico-finanzia<span class=\"_ _1\"></span>rie <span class=\"_ _b\"></span>2026-2028 <span class=\"_ _b\"></span>(\u201cProiezioni\u201d), approvati <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>Consiglio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Amministrazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _6\"></span>della <span class=\"_ _5\"></span>Soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>30 <span class=\"_ _6\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>nai<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>2025 <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>si<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>icorda <span class=\"_ _5\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>il Piano <span class=\"_ _e\"> </span>Industriale <span class=\"_ _d\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>24-2028 <span class=\"_ _e\"> </span>sottostante <span class=\"_ _e\"> </span>al<span class=\"_ _1\"></span>le <span class=\"_ _e\"> </span>Proiezioni <span class=\"_ _e\"> </span>era <span class=\"_ _e\"> </span>stata <span class=\"_ _d\"> </span>approvato <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>C<span class=\"_ _0\"></span>onsi<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>lio <span class=\"_ _e\"> </span>di Amministrazione in <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata 6 ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio <span class=\"_ _1\"></span>2024. Tali <span class=\"_ _1\"></span>valori sono stati opp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtuname<span class=\"_ _1\"></span>nte esaminati s<span class=\"_ _1\"></span>ulla base di presupposti  ragionevoli  e  dimostra<span class=\"_ _1\"></span>bili,  al  f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e  di  riflettere  i  risultati  nel  frattempo  consunti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ati  e svolgendo <span class=\"_ _5\"></span>le <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>ortune <span class=\"_ _6\"></span>analisi <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>sensitivit\u00e0 <span class=\"_ _5\"></span>volte <span class=\"_ _5\"></span>ad <span class=\"_ _6\"></span>apprezzare <span class=\"_ _5\"></span>eventu<span class=\"_ _0\"></span>ali <span class=\"_ _b\"></span>im<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>tti, <span class=\"_ _6\"></span>sulle <span class=\"_ _5\"></span>assunzioni sottostanti <span class=\"_ _1f\"> </span>le <span class=\"_ _1f\"> </span>stime <span class=\"_ _1f\"> </span>effettuate, <span class=\"_ _16\"> </span>der<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti <span class=\"_ _1f\"> </span>dall\u2019incertezza<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>e <span class=\"_ _15\"> </span>la <span class=\"_ _16\"> </span>v<span class=\"_ _0\"></span>olatilit\u00e0 <span class=\"_ _16\"> </span>che <span class=\"_ _1f\"> </span>car<span class=\"_ _0\"></span>atte<span class=\"_ _1\"></span>rizza <span class=\"_ _16\"> </span>l<span class=\"_ _0\"></span>\u2019attuale<span class=\"_ _3\"></span> contesto <span class=\"_ _b\"></span>macroeconomico <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>settore<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>sviluppa<span class=\"_ _1\"></span>ndo <span class=\"_ _5\"></span>opportuni <span class=\"_ _b\"></span>scenari <span class=\"_ _5\"></span>pe<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giorativi <span class=\"_ _b\"></span>che <span class=\"_ _b\"></span>incorporano anch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> specifiche considerazi<span class=\"_ _1\"></span>oni legate al <span class=\"ff5\">climate ch<span class=\"_ _3\"></span>ange risk.<span class=\"ff2\"> </span></span>Tasso di attualizza<span class=\"_ _1\"></span>zione - \u201cKe\u201d Nel <span class=\"_ _0\"></span>deter<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>inare <span class=\"_ _0\"></span>il <span class=\"_ _b\"></span><span class=\"ff5\">Value <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>use</span>, <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>lussi <span class=\"_ _0\"></span>finanziari <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ono <span class=\"_ _0\"></span>essere <span class=\"_ _0\"></span>attualizzati <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>un <span class=\"_ _b\"></span>tasso <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>incorpori sia <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>valore <span class=\"_ _b\"></span>temporale <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>aro <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>rischi <span class=\"_ _b\"></span>propri <span class=\"_ _b\"></span>dell\u2019attivit\u00e0 <span class=\"_ _0\"></span>sv<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>lta. <span class=\"_ _b\"></span>Il <span class=\"_ _b\"></span>tasso <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>sco<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _b\"></span>utilizzato <span class=\"_ _b\"></span>\u00e8 pari <span class=\"_ _16\"> </span>all\u201910,05% <span class=\"_ _c\"> </span>(10,83% <span class=\"_ _16\"> </span>al <span class=\"_ _16\"> </span>31 <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cembre <span class=\"_ _c\"> </span>20<span class=\"_ _0\"></span>23) <span class=\"_ _211\"> </span>calco<span class=\"_ _0\"></span>lat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>con<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>m<span class=\"_ _0\"></span>etod<span class=\"_ _1\"></span>ologia <span class=\"_ _c\"> </span>i<span class=\"_ _0\"></span>n <span class=\"_ _16\"> </span>linea <span class=\"_ _c\"> </span>con<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>la <span class=\"_ _16\"> </span>prassi valutativa. Il tasso di attualizza<span class=\"_ _1\"></span>zione utilizzato corri<span class=\"_ _3\"></span>spo<span class=\"_ _0\"></span>nde al cost<span class=\"_ _1\"></span>o del capitale di rischio<span class=\"_ _1\"></span>, pari al tasso di  r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dimento  dei  mezzi  pr<span class=\"_ _1\"></span>opri <span class=\"_ _211\"> </span>richiest<span class=\"_ _1\"></span>o  dag<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i  investitori/azionisti  per  investime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti  con  an<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>oghe caratteristiche <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>rischio. <span class=\"_ _1\"></span>Tale <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _1\"></span>stato <span class=\"_ _3\"></span>stimato <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>tilizzan<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>Capital <span class=\"_ _3\"></span>Asset <span class=\"_ _3\"></span>Pricing M<span class=\"_ _1\"></span>odel <span class=\"_ _3\"></span>(\u201cCAPM\u201d)<span class=\"_ _1\"></span> sulla base della se<span class=\"_ _1\"></span>guente formula:<span class=\"_ _1\"></span> Ke = Rf + <span class=\"ff21\">\u03b2</span> * ERP<span class=\"_ _3\"></span> Dove: Rf = tasso <span class=\"_ _3\"></span>di rendime<span class=\"_ _1\"></span>nto delle <span class=\"_ _3\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>priv<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>di risc<span class=\"_ _1\"></span>hio determinato <span class=\"_ _3\"></span>come media <span class=\"_ _1\"></span>degli u<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>timi 1<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>esi de<span class=\"_ _3\"></span>l rendimento <span class=\"_ _0\"></span>lordo <span class=\"_ _0\"></span>annu<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>BTP <span class=\"_ _0\"></span>Italia d<span class=\"_ _0\"></span>ecennale<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>(Banca d<span class=\"_ _0\"></span>\u2019Italia,<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>gennaio 2<span class=\"_ _0\"></span>025)<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>3,71% <span class=\"_ _0\"></span>(4,28% al 31 dicembre 202<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>);  ERP <span class=\"_ _d\"> </span>= <span class=\"_ _d\"> </span>extra <span class=\"_ _15\"> </span>rendimento <span class=\"_ _15\"> </span>medio <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _d\"> </span>mercato <span class=\"_ _d\"> </span>(<span class=\"ff5\">Equ<span class=\"_ _1\"></span>ity <span class=\"_ _15\"> </span>risk <span class=\"_ _d\"> </span>premium<span class=\"ff2\">), <span class=\"_ _15\"> </span>determinato <span class=\"_ _d\"> </span>sulla <span class=\"_ _15\"> </span>base <span class=\"_ _d\"> </span>del </span></span>differenziale <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>dimento <span class=\"_ _f\"> </span>di <span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ngo <span class=\"_ _6\"></span>periodo <span class=\"_ _f\"> </span>tra <span class=\"_ _f\"> </span>i <span class=\"_ _6\"></span>tito<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>azionari <span class=\"_ _f\"> </span>e <span class=\"_ _6\"></span>obbligazionari. <span class=\"_ _f\"> </span>In <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>nuit\u00e0 <span class=\"_ _f\"> </span>con quanto effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ato <span class=\"_ _1\"></span>negli eser<span class=\"_ _1\"></span>cizi precedenti<span class=\"_ _1\"></span>, \u00e8 stato <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onsiderato<span class=\"_ _3\"></span> i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>mag<span class=\"_ _1\"></span>gior valore tra <span class=\"_ _3\"></span>(i<span class=\"_ _0\"></span>)<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>la st<span class=\"_ _3\"></span>ima fornita<span class=\"_ _4a1\"> </span>da A. Damodaran rilevata nel mese<span class=\"_ _1\"></span> di dicembre 2024 pari al 4,33% (valore che <span class=\"_ _1\"></span>riflette le ripercussioni<span class=\"_ _1\"></span> negative <span class=\"_ _c\"> </span>sulle <span class=\"_ _c\"> </span>attivit\u00e0 <span class=\"_ _c\"> </span>economiche <span class=\"_ _211\"> </span>a <span class=\"_ _c\"> </span>livello <span class=\"_ _c\"> </span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>obale <span class=\"_ _211\"> </span>e <span class=\"_ _16\"> </span>sui <span class=\"_ _c\"> </span>mercati <span class=\"_ _211\"> </span>f<span class=\"_ _0\"></span>inanziari <span class=\"_ _211\"> </span>connessi <span class=\"_ _c\"> </span>al <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>ontesto<span class=\"_ _3\"></span> macroeconomico, <span class=\"_ _0\"></span>nonch\u00e9 <span class=\"_ _b\"></span>alle <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uenti <span class=\"_ _0\"></span>politiche <span class=\"_ _0\"></span>monetari<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>restrittive) <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>(ii) <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>paramet<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>pari <span class=\"_ _b\"></span>al 5,50%, <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>osservazioni <span class=\"_ _3\"></span>mediamente <span class=\"_ _3\"></span>appli<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>abili <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>prassi <span class=\"_ _3\"></span>profe<span class=\"_ _1\"></span>ssionale. <span class=\"_ _3\"></span>Al <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>riflettere<span class=\"_ _3\"></span> anch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>raccomandazion<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>fornite <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>ESMA <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>tener<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>considerazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chio <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>egat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>maggi<span class=\"_ _1\"></span>ore inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>tezz<span class=\"_ _1\"></span>a  sui<span class=\"_ _3\"></span>  mercati, <span class=\"_ _f\"> </span>la  So<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _f\"> </span>ha  fatto <span class=\"_ _f\"> </span>pertanto <span class=\"_ _f\"> </span>riferimento  a<span class=\"_ _3\"></span>l  parametro <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>5,50%  (stess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>% utilizzata <span class=\"_ _f\"> </span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>precedente <span class=\"_ _f\"> </span>eser<span class=\"_ _1\"></span>cizio, <span class=\"_ _f\"> </span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o  la<span class=\"_ _3\"></span>  stima <span class=\"_ _f\"> </span>fornita <span class=\"_ _f\"> </span>da  A.<span class=\"_ _3\"></span>  Damoda<span class=\"_ _1\"></span>ran <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levata <span class=\"_ _f\"> </span>nel <span class=\"_ _f\"> </span>m<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>  di dicembre 2023 era pa<span class=\"_ _1\"></span>ri al 4,60%);<span class=\"_ _3\"></span> \u03b2<span class=\"ff2\"> <span class=\"_ _0\"></span>(Beta)= <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>attore <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>correlazione <span class=\"_ _0\"></span>tra <span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>rendiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>effettivo <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>un\u2019azione <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>endime<span class=\"_ _1\"></span>nto <span class=\"_ _0\"></span>complessivo </span>del <span class=\"_ _c\"> </span>mercato <span class=\"_ _c\"> </span>di <span class=\"_ _211\"> </span>r<span class=\"_ _0\"></span>ifer<span class=\"_ _1\"></span>imento <span class=\"_ _c\"> </span>(misura <span class=\"_ _211\"> </span>della <span class=\"_ _211\"> </span>v<span class=\"_ _0\"></span>olatilit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _c\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>un <span class=\"_ _16\"> </span>tit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lo <span class=\"_ _211\"> </span>rispetto <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>mercato), <span class=\"_ _211\"> </span>determinato considerando <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>beta <span class=\"_ _f\"></span><span class=\"ff5\">levere<span class=\"_ _1\"></span>d<span class=\"ff2\"> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>Anima <span class=\"_ _6\"></span>H<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>lding <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>periodo <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>osser<span class=\"_ _1\"></span>vazione <span class=\"_ _6\"></span>q<span class=\"_ _0\"></span>uin<span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>nnale <span class=\"_ _f\"> </span>e <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>na </span></span>frequenza di rile<span class=\"_ _1\"></span>vazione settima<span class=\"_ _1\"></span>nale, pari a 1,15 (1,<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>9 al 31 <span class=\"_ _1\"></span>dic<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mbre 2023). Ai <span class=\"_ _3\"></span>fini <span class=\"_ _1\"></span>del <span class=\"_ _3\"></span>calcolo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>terminal <span class=\"_ _3\"></span>value <span class=\"_ _8\"></span>v<span class=\"_ _0\"></span>iene <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>tilizz<span class=\"_ _1\"></span>ato <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>crescita <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span><span class=\"ff5\">perpetuity <span class=\"_ _3\"></span><span class=\"ff2\">in <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>stime </span></span>di <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>flazione <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>crescita <span class=\"_ _3\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>consumi <span class=\"_ _1\"></span>attese <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>lungo <span class=\"_ _3\"></span>periodo <span class=\"_ _1\"></span>fornite <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>au<span class=\"_ _0\"></span>to<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>evol<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>onti <span class=\"_ _3\"></span>esterne <span class=\"_ _3\"></span>(F<span class=\"_ _1\"></span>ondo Monetario Internazionale<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> Prometeia,<span class=\"_ _3\"></span> BCE,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>xford <span class=\"_ _3\"></span>Ec<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mics e <span class=\"_ _1\"></span>Banc<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>Ita<span class=\"_ _1\"></span>lia). <span class=\"_ _3\"></span> Sulla <span class=\"_ _6\"></span>base <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>fon<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>sopr<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>riportate, <span class=\"_ _5\"></span>tenuto <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>inflazione <span class=\"_ _6\"></span>target <span class=\"_ _5\"></span>fissato <span class=\"_ _5\"></span>da <span class=\"_ _6\"></span>BCE <span class=\"_ _5\"></span>nel medio-lungo <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>l\u2019Area Euro <span class=\"_ _0\"></span>(<span class=\"ff22\">\u223c</span>2<span class=\"_ _0\"></span>%<span class=\"_ _3\"></span>),<span class=\"_ _0\"></span> il <span class=\"_ _b\"></span>tass<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>crescita <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>lun<span class=\"_ _1\"></span>go <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>colloca <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>range tra <span class=\"_ _5\"></span>l\u20191,5% <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>2,0%. <span class=\"_ _5\"></span>In<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>via <span class=\"_ _b\"></span>pr<span class=\"_ _0\"></span>udenziale <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>continuit\u00e0 <span class=\"_ _b\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>gli <span class=\"_ _5\"></span>impairment <span class=\"_ _b\"></span>test <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndotti <span class=\"_ _5\"></span>negli <span class=\"_ _5\"></span>esercizi precedenti, il Gruppo<span class=\"_ _1\"></span> ha deciso di adotta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e un tasso<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>cr<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ita pa<span class=\"_ _1\"></span>ri all\u20191,5%. I <span class=\"_ _c\"> </span>flu<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>scontati <span class=\"_ _c\"> </span>sono <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>netto <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>elle <span class=\"_ _c\"> </span>imposte,  c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olate <span class=\"_ _211\"> </span>con <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>e <span class=\"_ _211\"> </span>aliquote <span class=\"_ _c\"> </span>fiscali <span class=\"_ _211\"> </span>v<span class=\"_ _0\"></span>ige<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _211\"> </span>all<span class=\"_ _0\"></span>a <span class=\"_ _211\"> </span>data <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> approvazione del presente<span class=\"_ _3\"></span> B<span class=\"_ _0\"></span>ila<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cio <span class=\"_ _1\"></span>consolidato.  Analisi di sensiti<span class=\"_ _1\"></span>vity Al fine di me<span class=\"_ _1\"></span>glio apprezzare la se<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sibil<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t\u00e0 dei <span class=\"_ _1\"></span>risulta<span class=\"_ _1\"></span>ti dell\u2019impairment te<span class=\"_ _1\"></span>st rispetto alle<span class=\"_ _3\"></span> v<span class=\"_ _0\"></span>aria<span class=\"_ _1\"></span>zioni degli assunti di base<span class=\"_ _3\"></span>, \u00e8 stata s<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>olta,<span class=\"_ _1\"></span> ai fini<span class=\"_ _1\"></span> del <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>alcol<span class=\"_ _1\"></span>o del v<span class=\"_ _1\"></span>alore d\u2019us<span class=\"_ _1\"></span>o, un\u2019analisi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"ff5\">sensitivity</span> r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>spet<span class=\"_ _1\"></span>to al tasso<span class=\"_ _3\"></span> di <span class=\"_ _0\"></span>attualizzazione c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>Ke <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>tass<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>cres<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ita <span class=\"_ _0\"></span>utilizzato <span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>el c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olo d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>termi<span class=\"_ _1\"></span>nal <span class=\"_ _0\"></span>value. Gli intervalli di variazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne a<span class=\"_ _1\"></span>nalizzati son<span class=\"_ _1\"></span>o i seguenti: \u2022<span class=\"_ _18f\"> </span>K<span class=\"_ _3\"></span>e f<span class=\"_ _0\"></span>ra 9,05% e 1<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>,05%;<span class=\"_ _1\"></span> \u2022<span class=\"_ _18f\"> </span>T<span class=\"_ _1\"></span>asso di crescita in <span class=\"ff5\">perpe<span class=\"_ _1\"></span>tuity<span class=\"ff2\"> fra 0,5% e 2,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>%.<span class=\"_ _1\"></span> </span></span>Analisi di Scenario <span class=\"_ _1\"></span> In <span class=\"_ _b\"></span>continuit\u00e0 <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>gli <span class=\"_ _b\"></span>anni <span class=\"_ _b\"></span>precedenti <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>conf<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rmit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _b\"></span>sugger<span class=\"_ _1\"></span>ito <span class=\"_ _b\"></span>dalla <span class=\"_ _b\"></span>prassi <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>mercato, <span class=\"_ _b\"></span>al fin<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>riflettere <span class=\"_ _0\"></span>la <span class=\"_ _b\"></span>maggio<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>ince<span class=\"_ _1\"></span>rtezza <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>corr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>rispondere<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>all<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>esigenze <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti <span class=\"_ _b\"></span>dal contesto <span class=\"_ _3\"></span>normativo, <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> Gruppo <span class=\"_ _3\"></span>ha <span class=\"_ _1\"></span>ritenuto <span class=\"_ _3\"></span>opportuno <span class=\"_ _3\"></span>sviluppare <span class=\"_ _1\"></span>degli <span class=\"_ _3\"></span>scenari <span class=\"_ _3\"></span>peggiorativi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> ipotesi sottostanti le P<span class=\"_ _1\"></span>roi<span class=\"_ _0\"></span>ezi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni ut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>lizzat<span class=\"_ _1\"></span>e nella stima <span class=\"_ _1\"></span>del <span class=\"ff5\">Value in use</span>.  La <span class=\"_ _0\"></span>finalit\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>tale <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>nalisi <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>quella <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>denziare, c<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>appro<span class=\"_ _1\"></span>ccio <span class=\"_ _0\"></span>sintetico, <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>rischi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>deterioramento della redditivit\u00e0 considerando un <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>gg<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>oramento di diverse grandezze, in particolare una riduzione (i) degli AuM per sh<span class=\"_ _1\"></span>ock di mercato, (ii) dei <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ussi di racc<span class=\"_ _1\"></span>olta netta e (iii) delle<span class=\"_ _1\"></span> commissioni di pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>forman<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e. Tali  scen<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>  pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>edon<span class=\"_ _1\"></span>o  u<span class=\"_ _0\"></span>na <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>iduzio<span class=\"_ _1\"></span>ne  lineare  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll\u2019EBITDA  prospettica  su  ogni  anno  di  previsione esplicita (-5%; -10%<span class=\"_ _1\"></span>; -20%) rispetto alle Pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>iezi<span class=\"_ _1\"></span>oni. Inoltre, <span class=\"_ _0\"></span>il Gruppo ha <span class=\"_ _0\"></span>delineato<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>ulteriore scenario (<span class=\"_ _0\"></span>\u201cStre<span class=\"_ _3\"></span>ss <span class=\"_ _0\"></span>Case scenario\u201d), vol<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> a <span class=\"_ _0\"></span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minare una significativa <span class=\"_ _3\"></span>riduzione <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>performan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gruppo; <span class=\"_ _3\"></span>lo <span class=\"_ _3\"></span>Stress <span class=\"_ _3\"></span>scenario <span class=\"_ _3\"></span>tiene <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>peggiorame<span class=\"_ _1\"></span>nto simultaneo  di  diverse  grandezze,  incorporando  nelle  analisi  condotte  la  riduzione  delle  principali<span class=\"_ _1\"></span> variabili <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>influenzano <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>risultato <span class=\"_ _0\"></span>economi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>caratterizzano i<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>ontesto di <span class=\"_ _b\"></span>riferimento n<span class=\"_ _0\"></span>el qu<span class=\"_ _0\"></span>ale <span class=\"_ _0\"></span>il Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>ope<span class=\"_ _1\"></span>ra <span class=\"_ _0\"></span>(AuM<span class=\"_ _1\"></span>, racco<span class=\"_ _0\"></span>lta<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>netta e com<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ssi<span class=\"_ _1\"></span>oni di <span class=\"_ _0\"></span>performa<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ce), pur mantenendo<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sostanz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>almente<span class=\"_ _1\"></span> invariati <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nvesti<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pr<span class=\"_ _0\"></span>ev<span class=\"_ _1\"></span>isti <span class=\"_ _6\"></span>dalle <span class=\"_ _f\"> </span>P<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>oiezio<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>i <span class=\"_ _6\"></span>costi <span class=\"_ _6\"></span>ad <span class=\"_ _f\"> </span>essi <span class=\"_ _6\"></span>correlati. <span class=\"_ _6\"></span>Tale <span class=\"_ _6\"></span>scenario <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a inoltre le indi<span class=\"_ _1\"></span>cazioni dell\u2019ESMA<span class=\"_ _1\"></span> con riferimento ai risch<span class=\"_ _1\"></span>i climatici.  Le <span class=\"_ _f\"> </span>consid<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>effettuate <span class=\"_ _f\"> </span>hanno  i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>oltre<span class=\"_ _3\"></span>  permesso <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>individuare <span class=\"_ _f\"> </span>il  li<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>\u2018\u2019soglia\u2019\u2019 <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>Ebitda <span class=\"_ _f\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> conduce alla stima di u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>valore recuperabile p<span class=\"_ _1\"></span>ari al valore contabile <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>U Anima. Esiti dell\u2019<span class=\"ff5\">impairment <span class=\"_ _1\"></span>test<span class=\"ff2\"> </span></span>Gli esiti <span class=\"_ _3\"></span>dell\u2019<span class=\"_ _0\"></span><span class=\"ff5\">im<span class=\"_ _3\"></span>pairment test<span class=\"ff2\"> <span class=\"_ _1\"></span>non <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>nziato <span class=\"_ _3\"></span>perd<span class=\"_ _0\"></span>ite <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>valore de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li av<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>iame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>e de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _3\"></span>intangibili </span></span>a <span class=\"_ _1\"></span>vita utile def<span class=\"_ _1\"></span>inita, sia <span class=\"_ _1\"></span>nello s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ena<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>riferimento <span class=\"_ _3\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li a<span class=\"_ _1\"></span>ltri <span class=\"_ _1\"></span>ipotizzati, <span class=\"_ _3\"></span>con un <span class=\"ff5\">recoverable <span class=\"_ _3\"></span>amount<span class=\"ff2\"> </span></span>della CGU Anima super<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re al v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lore di <span class=\"ff5\">carrying amou<span class=\"_ _1\"></span>nt<span class=\"ff2\"> evidenziata nel presente<span class=\"_ _3\"></span> B<span class=\"_ _0\"></span>ila<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cio <span class=\"_ _1\"></span>consolidato. </span></span>Nell\u2019ambito <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>elle <span class=\"_ _1\"></span>analisi <span class=\"_ _3\"></span>svol<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>, a <span class=\"_ _1\"></span>fronte an<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>prac<span class=\"_ _1\"></span>itate <span class=\"_ _1\"></span>raccomandazioni ESM<span class=\"_ _1\"></span>A, si <span class=\"_ _3\"></span>precisa <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he ad <span class=\"_ _b\"></span>oggi <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>si <span class=\"_ _b\"></span>evidenziano<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>impatti <span class=\"_ _0\"></span>rilevanti <span class=\"_ _b\"></span>sul<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>bus<span class=\"_ _1\"></span>iness <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>sulle <span class=\"_ _b\"></span>prospet<span class=\"_ _1\"></span>tive <span class=\"_ _0\"></span>future <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>del Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o  in  a<span class=\"_ _3\"></span>mb<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span><span class=\"ff5\">climate  chang<span class=\"_ _3\"></span>e  risk<span class=\"ff2\">,  a<span class=\"_ _1\"></span>nche <span class=\"_ _f\"> </span>in  co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sideraz<span class=\"_ _1\"></span>ione  de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la <span class=\"_ _f\"> </span>centralit\u00e0 <span class=\"_ _f\"> </span>dell<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>strategia <span class=\"_ _f\"> </span>ESG </span></span>esistente a livello <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i Gruppo <span class=\"_ _1\"></span>come opportunit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>crescita del business.<span class=\"_ _1\"></span> Si segnala che ai f<span class=\"_ _1\"></span>ini delle analisi di<span class=\"_ _1\"></span> <span class=\"ff5\">sensitivity</span> nello s<span class=\"_ _1\"></span>cenario di riferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>: <span class=\"_ _1bb\"> </span><span class=\"ff2\">considerando <span class=\"_ _15\"> </span>l\u2019utilizzo <span class=\"_ _1f\"> </span>del <span class=\"_ _d\"> </span>tasso <span class=\"_ _15\"> </span>di <span class=\"_ _d\"> </span>attualizzazio<span class=\"_ _1\"></span>ne <span class=\"_ _15\"> </span>com<span class=\"_ _0\"></span>plessi<span class=\"_ _3\"></span>vo <span class=\"_ _d\"> </span>Ke <span class=\"_ _15\"> </span>al <span class=\"_ _d\"> </span>11,05%, <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>valore </span>recuperabile si ridu<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e del 9,<span class=\"_ _1\"></span>62%;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">considerando <span class=\"_ _5\"></span>l\u2019<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>ilizzo <span class=\"_ _6\"></span>del <span class=\"_ _f\"> </span>tass<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>cres<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ita <span class=\"_ _6\"></span>in <span class=\"_ _f\"></span>pe<span class=\"_ _1\"></span>rpetuity <span class=\"_ _6\"></span>allo <span class=\"_ _f\"> </span>0,5%,<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>il <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>uperabile <span class=\"_ _6\"></span>si </span>riduce del 7,55%;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">nel caso p<span class=\"_ _3\"></span>i\u00f9 estremo <span class=\"_ _1\"></span>dell\u2019analisi d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> se<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>cons<span class=\"_ _1\"></span>iderando co<span class=\"_ _1\"></span>ngiuntamente l<span class=\"_ _3\"></span>\u2019u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>lizzo del ta<span class=\"_ _1\"></span>sso </span>di <span class=\"_ _b\"></span>attualizzazione <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>plessi<span class=\"_ _3\"></span>vo <span class=\"_ _b\"></span>Ke <span class=\"_ _b\"></span>all\u201911,05% <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>tasso <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>rescita <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>perpetuit<span class=\"_ _1\"></span>y <span class=\"_ _b\"></span>allo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>0,5%, <span class=\"_ _b\"></span>il valore recuperabile si <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>id<span class=\"_ _1\"></span>uc<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>5,58%<span class=\"_ _3\"></span>;<span class=\"_ _4a1\"> </span>Inoltre, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>stata <span class=\"_ _5\"></span>condotta <span class=\"_ _5\"></span>un\u2019an<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>isi<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>individuare <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>attualizzazione <span class=\"_ _5\"></span>\u201csoglia\u201d <span class=\"_ _5\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>eguaglia <span class=\"_ _6\"></span>il valore d\u2019uso <span class=\"_ _1\"></span>della CGU<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Ani<span class=\"_ _1\"></span>ma al su<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>valore contabile; tale <span class=\"_ _3\"></span>valore \u00e8 pari<span class=\"_ _1\"></span> al 21,99%<span class=\"_ _1\"></span> (pari al <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>6,11%<span class=\"_ _3\"></span> al 31 dicembre 2023).<span class=\"_ _1\"></span> Infine, <span class=\"_ _f\"> </span>con  riferime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _f\"> </span>allo <span class=\"_ _f\"> </span>Stress  se<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ario<span class=\"ff5\">,</span> <span class=\"_ _f\"> </span>l\u2019Ebitd<span class=\"_ _3\"></span>a  \u201csoglia\u201d <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>determina <span class=\"_ _f\"> </span>l\u2019<span class=\"_ _0\"></span>eq<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ivalenza <span class=\"_ _f\"></span>del <span class=\"_ _f\"> </span>valore recuperabile della <span class=\"_ _3\"></span>CGU Anima al su<span class=\"_ _1\"></span>o val<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> con<span class=\"_ _0\"></span>tab<span class=\"_ _3\"></span>ile \u00e8 pari a <span class=\"_ _3\"></span>circ<span class=\"_ _0\"></span>a -<span class=\"_ _3\"></span>58,6 % rispett<span class=\"_ _1\"></span>o allo sce<span class=\"_ _1\"></span>nario base. <span class=\"_ _1\"></span> Nel <span class=\"_ _1f\"> </span>contesto <span class=\"_ _1f\"> </span>della <span class=\"_ _1f\"> </span>procedu<span class=\"_ _1\"></span>ra <span class=\"_ _15\"> </span>di <span class=\"_ _1f\"> </span>impairment <span class=\"_ _1f\"> </span>tes<span class=\"_ _1\"></span>t <span class=\"_ _1f\"> </span>so<span class=\"_ _0\"></span>pra <span class=\"_ _16\"> </span>descritta, <span class=\"_ _16\"> </span>An<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ma <span class=\"_ _1f\"> </span>Holding <span class=\"_ _16\"> </span>h<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>chi<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>o <span class=\"_ _15\"> </span>al consulente <span class=\"_ _3\"></span>indipendente <span class=\"_ _3\"></span>EY A<span class=\"_ _1\"></span>dvisory <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _1\"></span>(\u201cEY <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>dvisory\u201d)<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>redisporre<span class=\"_ _1\"></span> u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span><span class=\"ff5\">fairness <span class=\"_ _3\"></span>opinion<span class=\"ff2\"> <span class=\"_ _1\"></span>rispetto </span></span>alla <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>eterminazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>alore <span class=\"_ _5\"></span>recuperabile <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>CGU <span class=\"_ _6\"></span>Anim<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ata <span class=\"_ _5\"></span>dalla <span class=\"_ _6\"></span>Societ\u00e0. <span class=\"_ _5\"></span>Le <span class=\"_ _6\"></span>princi<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>li considerazioni <span class=\"_ _b\"></span>sulle <span class=\"_ _b\"></span>an<span class=\"_ _0\"></span>alis<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>valutative <span class=\"_ _b\"></span>condotte <span class=\"_ _5\"></span>da <span class=\"_ _b\"></span>Anima <span class=\"_ _5\"></span>Holding, <span class=\"_ _5\"></span>esp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esse <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>EY <span class=\"_ _5\"></span>Advisory, <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>di seguito riportate<span class=\"_ _1\"></span>: <span class=\"_ _1bb\"> </span><span class=\"ff2\">il p<span class=\"_ _1\"></span>rocesso di <span class=\"_ _3\"></span>impairment t<span class=\"_ _1\"></span>est svi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>uppa<span class=\"_ _1\"></span>to dalla <span class=\"_ _1\"></span>Socie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _1\"></span>risu<span class=\"_ _0\"></span>lta <span class=\"_ _3\"></span>in conti<span class=\"_ _1\"></span>nuit\u00e0 <span class=\"_ _1\"></span>con quanto <span class=\"_ _3\"></span>svolto al<span class=\"_ _1\"></span> </span>31 dicembre 2023. Tale p<span class=\"_ _1\"></span>rocesso ris<span class=\"_ _1\"></span>ulta strutturato, razionale<span class=\"_ _1\"></span>, tracciabile e ripe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cor<span class=\"_ _1\"></span>ribile; <span class=\"_ _1bb\"> </span><span class=\"ff2\">l\u2019approccio  valutativo  adottato  d<span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>So<span class=\"_ _0\"></span>ciet<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _211\"> </span>risul<span class=\"_ _1\"></span>ta  in<span class=\"_ _0\"></span>  linea  con <span class=\"_ _211\"> </span>le  in<span class=\"_ _0\"></span>dicazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni  dei <span class=\"_ _211\"> </span>principi<span class=\"_ _4a1\"> </span></span>contabili <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>iferi<span class=\"_ _1\"></span>mento, <span class=\"_ _6\"></span>nonch<span class=\"_ _0\"></span>\u00e9 <span class=\"_ _6\"></span>tecnicame<span class=\"_ _1\"></span>nte <span class=\"_ _f\"></span>id<span class=\"_ _1\"></span>oneo <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>determinare <span class=\"_ _6\"></span>in <span class=\"_ _f\"> </span>m<span class=\"_ _1\"></span>odo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ragionevole <span class=\"_ _f\"></span>il<span class=\"_ _1\"></span> valore  d\u2019uso  d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la  CGU  Anim<span class=\"_ _0\"></span>a. <span class=\"_ _f\"> </span>La  m<span class=\"_ _0\"></span>etod<span class=\"_ _1\"></span>ologia  utilizzata  (DCF) <span class=\"_ _211\"> </span>presenta  consolidate  basi dottrinali, <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>isulta <span class=\"_ _6\"></span>comunemente<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>adottata <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>prassi <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tativa<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>nel <span class=\"_ _6\"></span>settore <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>eriment<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>e<span class=\"_ _3\"></span> tiene conto delle pr<span class=\"_ _1\"></span>ospettive redditual<span class=\"_ _1\"></span>i e finanziari<span class=\"_ _1\"></span>e della CGU Anima;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">i  parametri  valutativi  adottati  risultano  comp<span class=\"_ _1\"></span>resi  in  in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>valli  ragionev<span class=\"_ _1\"></span>olmente  osservabili </span>nell\u2019attuale scenario d<span class=\"_ _1\"></span>i mercato;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">gli  am<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>iti  d<span class=\"_ _3\"></span>i  variabilit\u00e0 <span class=\"_ _f\"> </span>considerati  ai <span class=\"_ _f\"> </span>fini  del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>analisi  di <span class=\"_ _f\"> </span>sensitivit\u00e0  a<span class=\"_ _3\"></span>ppaiono  ra<span class=\"_ _1\"></span>gionevoli  e </span>coerenti <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>risultano <span class=\"_ _b\"></span>sostanzialmente <span class=\"_ _0\"></span>allineati <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>quanto <span class=\"_ _b\"></span>mediamente <span class=\"_ _b\"></span>osser<span class=\"_ _1\"></span>vabile <span class=\"_ _b\"></span>sul <span class=\"_ _b\"></span>mercato.<span class=\"_ _4a1\"> </span>Gli <span class=\"_ _f\"> </span>indicato<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>selezionati <span class=\"_ _f\"> </span>pe<span class=\"_ _3\"></span>r <span class=\"_ _f\"> </span>condurre <span class=\"_ _6\"></span>dette <span class=\"_ _6\"></span>analisi <span class=\"_ _f\"> </span>sono <span class=\"_ _5\"></span>q<span class=\"_ _0\"></span>uelli <span class=\"_ _6\"></span>abitualmente <span class=\"_ _6\"></span>utilizzati <span class=\"_ _6\"></span>nell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> prassi valutativa di r<span class=\"_ _1\"></span>iferimento;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">\u00e8 <span class=\"_ _0\"></span>stata <span class=\"_ _b\"></span>riscontrata<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>sostanziale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>orrettezza <span class=\"_ _0\"></span>matemat<span class=\"_ _1\"></span>ica <span class=\"_ _b\"></span>dei <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>oli<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>effettuati <span class=\"_ _b\"></span>dalla<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Societ\u00e0<span class=\"_ _4a1\"> </span></span>ai fini della dete<span class=\"_ _1\"></span>rminazione del val<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ecupe<span class=\"_ _1\"></span>rabile della CGU<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Ani<span class=\"_ _1\"></span>ma;<span class=\"_ _4a1\"> </span><span class=\"_ _1ea\"> </span><span class=\"ff2\">\u00e8 <span class=\"_ _0\"></span>stato osservato che <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>data di riferimento il f<span class=\"_ _0\"></span>air value <span class=\"_ _0\"></span>impli<span class=\"_ _1\"></span>cito<span class=\"_ _0\"></span> nella quotazione borsistica </span>del <span class=\"_ _0\"></span>tito<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>An<span class=\"_ _0\"></span>ima <span class=\"_ _0\"></span>risulti <span class=\"_ _0\"></span>superio<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>valore <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabil<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>CGU. <span class=\"_ _0\"></span>Occorre <span class=\"_ _0\"></span>tuttavia <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>iderare<span class=\"_ _4a1\"> </span>com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>tale <span class=\"_ _5\"></span>quotazione <span class=\"_ _b\"></span>risulti <span class=\"_ _b\"></span>influenzata <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>all<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a <span class=\"_ _5\"></span>pubblica <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>acquisto <span class=\"_ _5\"></span>p<span class=\"_ _1\"></span>romossa <span class=\"_ _b\"></span>da <span class=\"_ _5\"></span>Banco<span class=\"_ _4a1\"> </span>BPM Vita e comuni<span class=\"_ _1\"></span>cata al mercato in dat<span class=\"_ _1\"></span>a 6 novem<span class=\"_ _1\"></span>bre 2024; <span class=\"_ _1bb\"> </span><span class=\"ff2\">infine, <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>stato <span class=\"_ _5\"></span>riscontrato <span class=\"_ _5\"></span>che <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>stimato <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>unzio<span class=\"_ _1\"></span>ne <span class=\"_ _6\"></span>del <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>orrispet<span class=\"_ _1\"></span>tivo <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ic<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nosciuto </span>nell\u2019OPA risulti supe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iore al <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alore <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontabile <span class=\"_ _1\"></span>della re<span class=\"_ _1\"></span>lativa CGU. Di c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nseguenza, EY <span class=\"_ _0\"></span>Advisory ritiene che <span class=\"_ _0\"></span>il metodo di <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>utazione adottato <span class=\"_ _0\"></span>dal<span class=\"_ _1\"></span>la <span class=\"_ _0\"></span>Societ\u00e0<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sia adeguato, in <span class=\"_ _1\"></span>quanto <span class=\"_ _3\"></span>nel<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> circostanza <span class=\"_ _3\"></span>ragionevole <span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>non <span class=\"_ _1\"></span>arbitra<span class=\"_ _1\"></span>rio<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>onforme <span class=\"_ _3\"></span>alle in<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cazioni <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>principi <span class=\"_ _3\"></span>contabili di <span class=\"_ _0\"></span>riferime<span class=\"_ _1\"></span>nto <span class=\"_ _0\"></span>e che <span class=\"_ _0\"></span>lo stesso sia <span class=\"_ _0\"></span>stato correttament<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>plicato <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>fini<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>della determinazione del valore d\u2019uso della CGU A<span class=\"_ _1\"></span>nima oggetto di a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>alisi.<span class=\"_ _3\"></span> 9.2 Attivit\u00e0 immateri<span class=\"_ _1\"></span>ali: variazioni an<span class=\"_ _1\"></span>nue <table class=\"s w4d2 h391\" id=\"_f0c5690c-419f-4cbf-872f-f433f16813bd\"><tr><td></td><td class=\"t m21 x5f3 hac y1933 ff3 fs3a fc1 sc0 ls0 ws0\">31.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1935 w4d3 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">A. Esisten<span class=\"_ _0\"></span>ze<span class=\"_ _1\"></span> in<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>ali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f4 y1935 w4d4 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">1.5<span class=\"_ _0\"></span>93.<span class=\"_ _0\"></span>673<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1936 w4d5 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">B.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Aument<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f5 y1936 w4d6 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>67<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1938 w4d7 h366\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">B.<span class=\"_ _0\"></span>1 Acq<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>ist<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f6 y1938 w4d8 h366\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>743<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1939 w4d9 h366\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">B.<span class=\"_ _0\"></span>4 Alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e varia<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f7 y1939 w4da h366\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>932<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y193a w4db h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">C. Di<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>uzio<span class=\"_ _0\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f8 y193a w4dc h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">(45.16<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y193b w4dd h356\"><div class=\"t m21 x17f hac y1934 ff2 fs3a fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>1 Vend<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>te<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5f9 y193b w4de h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y193c w4df h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>2 Am<span class=\"_ _0\"></span>mo<span class=\"_ _3\"></span>rta<span class=\"_ _0\"></span>men<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5fa y193c w4e0 h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">(45.<span class=\"_ _0\"></span>013)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y193d w4e1 h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>3 Rett<span class=\"_ _3\"></span>if<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>e di va<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5fb y193d w4e2 h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">(150)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y193e w4e3 h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">- a<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Con<span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>no<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5fc y193e w4e2 h356\"><div class=\"t m21 x17f had y1937 ff2 fs3a fc1 sc0 ls0 ws0\">(150)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w4e4 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>. <span class=\"_ _1\"></span>Ri<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nenze fin<span class=\"_ _0\"></span>ali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x5fd y16d8 w4e5 h383\"><div class=\"t m21 x17f hac y1934 ff3 fs3a fc1 sc0 ls0 ws0\">1.5<span class=\"_ _0\"></span>56.18<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr></table>La voce \u201cB.1 Acquist<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>\u201d si rifer<span class=\"_ _1\"></span>isce princip<span class=\"_ _1\"></span>almente a software a<span class=\"_ _1\"></span>cquistati nell\u2019eser<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>izio da An<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ma SGR.<span class=\"_ _3\"></span> La  v<span class=\"_ _1\"></span>oce  \u201cB<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>  Altre<span class=\"_ _3\"></span>  variazioni\u201d<span class=\"_ _1\"></span>  si <span class=\"_ _f\"> </span>riferisce<span class=\"_ _1\"></span>   <span class=\"_ _f\"> </span>princip<span class=\"_ _3\"></span>alm<span class=\"_ _0\"></span>ente <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>(i)  l\u2019a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>viamento<span class=\"_ _1\"></span>  pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>vvis<span class=\"_ _1\"></span>orio <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>al conferimento de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>d\u2019azienda <span class=\"_ _1\"></span>effettuata <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>data <span class=\"_ _1\"></span>6 agost<span class=\"_ _1\"></span>o 2024 in <span class=\"_ _1\"></span>Vita <span class=\"_ _1\"></span>Srl per <span class=\"_ _3\"></span>circa Euro 2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>8 <span class=\"_ _1\"></span>milioni, (ii)<span class=\"_ _1f\"> </span>l\u2019avviament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>per <span class=\"_ _5\"></span>aggiu<span class=\"_ _0\"></span>stame<span class=\"_ _3\"></span>nto<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>prezzo <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>acquisizione <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>Castello <span class=\"_ _5\"></span>SGR, <span class=\"_ _b\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _b\"></span>Euro <span class=\"_ _5\"></span>0,4<span class=\"_ _4a1\"> </span>milioni, <span class=\"_ _f\"></span>rilevato <span class=\"_ _f\"> </span>il <span class=\"_ _f\"></span>2<span class=\"_ _1\"></span>9 <span class=\"_ _f\"> </span>febbraio <span class=\"_ _f\"> </span>2024 <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>se<span class=\"_ _1\"></span>guito <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>erificars<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>eventi <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _6\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>no <span class=\"_ _f\"> </span>reso <span class=\"_ _f\"> </span>certa <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>sua<span class=\"_ _4a1\"> </span>rilevazione, (iii) <span class=\"_ _0\"></span>al marchio \u201cKairos\u201d <span class=\"_ _0\"></span>par<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>a circa <span class=\"_ _0\"></span>E<span class=\"_ _1\"></span>uro <span class=\"_ _0\"></span>2 milioni <span class=\"_ _0\"></span>prese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te nel bilancio <span class=\"_ _0\"></span>sepa<span class=\"_ _1\"></span>rato d<span class=\"_ _0\"></span>i Kairos SGR, <span class=\"_ _0\"></span>(iv) <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>immateriali <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>defi<span class=\"_ _1\"></span>nita <span class=\"_ _0\"></span>presenti <span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>bilanci <span class=\"_ _0\"></span>separati di <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Vita<span class=\"_ _4a1\"> </span>Srl, <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ispettiva<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _0\"></span>pre-acquisizio<span class=\"_ _1\"></span>ne <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>pre-confer<span class=\"_ _1\"></span>imento, <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>totale <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>circa <span class=\"_ _0\"></span>Euro <span class=\"_ _b\"></span>0,5 <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ilio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>(v)<span class=\"_ _4a1\"> </span>all\u2019aggiustamento <span class=\"_ _3\"></span>prezzo <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>corrispondere, <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>circa <span class=\"_ _3\"></span>Euro <span class=\"_ _1\"></span>0,2 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>riferito <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>Mand<span class=\"_ _0\"></span>ati <span class=\"_ _8\"></span>di <span class=\"_ _1\"></span>Gestione,<span class=\"_ _4a1\"> </span>cos\u00ec <span class=\"_ _3\"></span>come <span class=\"_ _1\"></span>previst<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>dagli <span class=\"_ _3\"></span>accordi <span class=\"_ _3\"></span>sottoscritti <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>sede <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>acquisto <span class=\"_ _3\"></span>(integrati/m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>difi<span class=\"_ _1\"></span>cati <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ors<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>2020.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-459": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs5cc\">Impairment test </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5cd\">L\u2019avviamento, <span class=\"_ _15\"> </span>secondo <span class=\"_ _1f\"> </span>qu<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>dispost<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>dallo <span class=\"_ _15\"> </span>IAS <span class=\"_ _1f\"> </span>3<span class=\"_ _0\"></span>6, <span class=\"_ _1f\"> </span>dev<span class=\"_ _0\"></span>e <span class=\"_ _15\"> </span>essere <span class=\"_ _15\"> </span>sottopost<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>annualmente <span class=\"_ _15\"> </span>ad </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs5ce\">impairment test<span class=\"ff2\"> per <span class=\"_ _1\"></span>verificarne la rec<span class=\"_ _1\"></span>uperabilit\u00e0. </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5cf\">Vi <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>u<span class=\"_ _0\"></span>na <span class=\"_ _5\"></span>perdita <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _6\"></span>ogniqualvolta <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _b\"></span>con<span class=\"_ _0\"></span>tabi<span class=\"_ _1\"></span>le <span class=\"_ _6\"></span>(\u201c<span class=\"ff5\">carrying <span class=\"_ _5\"></span>amount\u201d</span>) <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>un\u2019attivit\u00e0 <span class=\"_ _6\"></span>- <span class=\"_ _6\"></span>intesa </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5d0\">individualmente o<span class=\"_ _0\"></span> come <span class=\"_ _0\"></span><span class=\"ff5\">cash <span class=\"_ _0\"></span>ge<span class=\"_ _1\"></span>nerating<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>unit <span class=\"ff2\">(\u201cC<span class=\"_ _0\"></span>GU\u201d), ovv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>il \u201ccentro d<span class=\"_ _0\"></span>i r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cavo\u201d <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>min<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ri dim<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>si<span class=\"_ _1\"></span>oni </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5d1\">a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ui <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>possibile <span class=\"_ _5\"></span>im<span class=\"_ _0\"></span>puta<span class=\"_ _3\"></span>re <span class=\"_ _f\"> </span>specifici<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>f<span class=\"_ _1\"></span>lussi <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>cassa <span class=\"_ _6\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>maggiore <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>recuperabile <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>stessa </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5d2\">(\"<span class=\"ff5\">recoverable<span class=\"_ _1\"></span> amount\u201d<span class=\"ff2\">). Il valore recuperabi<span class=\"_ _1\"></span>le \u00e8 il ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giore tra il fai<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> value al <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>etto <span class=\"_ _1\"></span>dei costi di vendita e </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5d3\">il valore d\u2019uso (\u201c<span class=\"ff5\">value in use\"<span class=\"_ _3\"></span>)<span class=\"ff2\">. </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5d4\">A tal <span class=\"_ _0\"></span>fine, l\u2019avviamento deve <span class=\"_ _0\"></span>esse<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e allocato a singole <span class=\"_ _0\"></span>o a gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>i di <span class=\"_ _0\"></span>unit\u00e0 generatri<span class=\"_ _1\"></span>ci d<span class=\"_ _0\"></span>i flussi finanziari </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5d5\">dell\u2019acquirente in <span class=\"_ _0\"></span>modo che <span class=\"_ _0\"></span>tali unit\u00e0 <span class=\"_ _0\"></span>be<span class=\"_ _1\"></span>neficino d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e sinergie <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019agg<span class=\"_ _1\"></span>regazione, in<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ipendenteme<span class=\"_ _1\"></span>nte </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5d6\">dal fatto che altre atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 o passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 de<span class=\"_ _1\"></span>ll\u2019acquisito <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>ano asse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nate a tali<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>nit\u00e0 o gruppi di u<span class=\"_ _1\"></span>nit\u00e0.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5d7\">Nel <span class=\"_ _0\"></span>Bilan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>consolidato<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Ani<span class=\"_ _1\"></span>ma <span class=\"_ _0\"></span>H<span class=\"_ _1\"></span>olding, le <span class=\"_ _0\"></span>attivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>immateriali a vita uti<span class=\"_ _0\"></span>le indefinita,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rappresentate </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5d8\">dagli <span class=\"_ _e\"> </span>avviamenti, <span class=\"_ _e\"> </span>amm<span class=\"_ _1\"></span>ontano <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>amente<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>a <span class=\"_ _e\"> </span>Euro <span class=\"_ _e\"> </span>1.168,2 <span class=\"_ _e\"> </span>mili<span class=\"_ _1\"></span>oni; <span class=\"_ _e\"> </span>in <span class=\"_ _e\"> </span>seguito, <span class=\"_ _d\"> </span>alle <span class=\"_ _e\"> </span>varie </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5d9\">acquisizioni/fusio<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>per<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>corporazio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>av<span class=\"_ _1\"></span>venute <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>egli <span class=\"_ _6\"></span>anni, <span class=\"_ _6\"></span>gli <span class=\"_ _f\"> </span>av<span class=\"_ _1\"></span>viamenti <span class=\"_ _6\"></span>sono <span class=\"_ _f\"> </span>da <span class=\"_ _5\"></span>considerarsi <span class=\"_ _6\"></span>un </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5da\">unico <span class=\"_ _5\"></span>ed <span class=\"_ _5\"></span>indistinto <span class=\"_ _5\"></span>avviame<span class=\"_ _1\"></span>nto, <span class=\"_ _5\"></span>allocato <span class=\"_ _5\"></span>all\u2019unica <span class=\"_ _b\"></span>CGU <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _b\"></span>dedicata <span class=\"_ _5\"></span>alla <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>estione <span class=\"_ _b\"></span>del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5db\">risparmio (\u201cCGU A<span class=\"_ _1\"></span>nima\u201d - rapp<span class=\"_ _1\"></span>resentata dalle socie<span class=\"_ _3\"></span>t\u00e0 operativ<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el G<span class=\"_ _1\"></span>ru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o), in quanto:  </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs5dc\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _109\"> </span></span> i<span class=\"_ _0\"></span>l <span class=\"_ _6\"></span>man<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>gement <span class=\"_ _f\"> </span>del<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>Grupp<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>gestisce <span class=\"_ _f\"> </span>le <span class=\"_ _6\"></span>societ\u00e0 <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>str<span class=\"_ _0\"></span>egua <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un\u2019unica <span class=\"_ _6\"></span>CGU<span class=\"_ _0\"></span>, <span class=\"_ _5\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>grado<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5dd\">generare flussi di re<span class=\"_ _1\"></span>ddito e di <span class=\"_ _1\"></span>cassa;  </div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs5de\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _109\"> </span></span>n<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>esiste <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>reporting <span class=\"_ _3\"></span>separato<span class=\"_ _3\"></span> (\u201c<span class=\"ff5\">segme<span class=\"_ _1\"></span>nt <span class=\"_ _3\"></span>reporting<span class=\"_ _3\"></span><span class=\"ff2\">\u201d<span class=\"_ _0\"></span>) <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>le <span class=\"_ _1\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _3\"></span>oggetto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>acquisizione; <span class=\"_ _3\"></span> </span></span></div><div class=\"t m1 h7 ff2 fs2 fc1 sc0 ls0 ws0 gs5df\">\u2022<span class=\"ff4 fs5\"> <span class=\"_ _109\"> </span></span>An<span class=\"_ _0\"></span>ima  Holding  non  d<span class=\"_ _0\"></span>etiene<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>alcuna  attivit\u00e0/passi<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _211\"> </span>estranea  al <span class=\"_ _c\"> </span>proprio  business  (c.d. </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs5e0\">surplus asset<span class=\"ff2\">). <span class=\"_ _1\"></span> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5e1\">Inoltre, <span class=\"_ _15\"> </span>all\u2019inte<span class=\"_ _1\"></span>rno <span class=\"_ _15\"> </span>della <span class=\"_ _1f\"> </span>CGU <span class=\"_ _1f\"> </span>Anima <span class=\"_ _15\"> </span>a <span class=\"_ _1f\"> </span>cui <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _1f\"> </span>allocato <span class=\"_ _1f\"> </span>l\u2019<span class=\"_ _0\"></span>av<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>iame<span class=\"_ _1\"></span>nto, <span class=\"_ _15\"> </span>sono <span class=\"_ _16\"> </span>r<span class=\"_ _0\"></span>icomp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ese <span class=\"_ _1f\"> </span>le <span class=\"_ _15\"> </span>attivit\u00e0<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5e2\">immateriali <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>vita <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>tile <span class=\"_ _8\"></span>defin<span class=\"_ _0\"></span>ita,<span class=\"_ _3\"></span> <span class=\"_ _1\"></span>individuate <span class=\"_ _3\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _1\"></span>fase <span class=\"_ _3\"></span>di <span class=\"_ _8\"></span>PPA <span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>attravers<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>attivit\u00e0 <span class=\"_ _3\"></span>acquis<span class=\"_ _1\"></span>ite, <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>import<span class=\"_ _1\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5e3\">totale <span class=\"_ _0\"></span>residuo <span class=\"_ _b\"></span>(al <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>o <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>a<span class=\"_ _1\"></span>mmortamenti <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>imposte <span class=\"_ _0\"></span>differite <span class=\"_ _b\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span>ualmente <span class=\"_ _b\"></span>isc<span class=\"_ _1\"></span>ritte) <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>circa </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5e4\">Euro 314,9 milioni. <span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5e5\">Il <span class=\"_ _0\"></span>principi<span class=\"_ _1\"></span>o c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabile in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>nazionale IAS 36 <span class=\"_ _0\"></span>prevede<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e su <span class=\"_ _0\"></span>tali<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mmateriali a v<span class=\"_ _0\"></span>ita utile <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>finita </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5e6\">venga effettuato una <span class=\"_ _1\"></span>verifica dell\u2019es<span class=\"_ _1\"></span>istenza di indi<span class=\"_ _1\"></span>catori di perdite d<span class=\"_ _1\"></span>i valore (\u201c<span class=\"ff5\">trigger e<span class=\"_ _1\"></span>vents<span class=\"ff2\">\u201d).<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5e7\">Si conferma <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> le valutazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>fett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ate dal<span class=\"_ _3\"></span> Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o su tali at<span class=\"_ _1\"></span>tivit\u00e0 i<span class=\"_ _1\"></span>mmateriali a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>vita<span class=\"_ _3\"></span> u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>le definita <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>on </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5e8\">hanno <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levato <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>a <span class=\"_ _c\"> </span>presenza <span class=\"_ _211\"> </span>di <span class=\"_ _16\"> </span>indicatori <span class=\"_ _211\"> </span>di <span class=\"_ _16\"> </span>perdita <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>valore<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>e <span class=\"_ _c\"> </span>quindi <span class=\"_ _c\"> </span>non <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _c\"> </span>stato <span class=\"_ _c\"> </span>effettuato <span class=\"_ _c\"> </span>un </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs5e9\">impairment test<span class=\"ff2\"> spec<span class=\"_ _1\"></span>ifico sulle sin<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ole atti<span class=\"_ _1\"></span>vit\u00e0 imma<span class=\"_ _1\"></span>teriali a vita utile de<span class=\"_ _1\"></span>finita.  </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5ea\">Tuttavia, <span class=\"_ _0\"></span>in continuit\u00e0 con <span class=\"_ _0\"></span>le scelte effettuate in <span class=\"_ _0\"></span>passa<span class=\"_ _1\"></span>to, <span class=\"_ _0\"></span>il Gruppo ha <span class=\"_ _0\"></span>ritenuto opportuno sottoporre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5eb\">ad <span class=\"_ _f\"> </span><span class=\"ff5\">impairment <span class=\"_ _f\"></span>test</span>, <span class=\"_ _f\"> </span>oltre <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>all\u2019avviamento<span class=\"_ _1\"></span>, <span class=\"_ _f\"> </span>anche <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>altre <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>immateriali <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>vita <span class=\"_ _f\"> </span>utile <span class=\"_ _f\"> </span>definita </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5ec\">presenti  nel  prese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te  B<span class=\"_ _1\"></span>ilancio  co<span class=\"_ _1\"></span>nsolidato.  Pertanto,  l\u2019<span class=\"ff5\">impairme<span class=\"_ _1\"></span>nt  test<span class=\"_ _3\"></span><span class=\"ff2\"> <span class=\"_ _211\"> </span>ha  l\u2019obiettiv<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  di <span class=\"_ _f\"> </span>valu<span class=\"_ _0\"></span>tare<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>la </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5ed\">tenuta del <span class=\"ff5\">carrying<span class=\"_ _1\"></span> amount<span class=\"ff2\"> della CG<span class=\"_ _1\"></span>U Anima. </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5ee\">Nella conduzione del <span class=\"_ _1\"></span><span class=\"ff5\">test di impairment <span class=\"ff2\">al <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1 di<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _1\"></span>bre 2024, si \u00e8 tenuto c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nto an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he di quant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> segue:<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs5ef\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Il <span class=\"_ _0\"></span><span class=\"ff5\">Public <span class=\"_ _0\"></span>Statement</span> <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>24 <span class=\"_ _0\"></span>ottobre <span class=\"_ _0\"></span>2024 d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019ESMA <span class=\"_ _0\"></span><span class=\"ff5\">\u201cEuropean <span class=\"_ _0\"></span>common <span class=\"_ _0\"></span>enforceme<span class=\"_ _1\"></span>nt <span class=\"_ _0\"></span>prioritie<span class=\"_ _1\"></span>s <span class=\"_ _0\"></span>for </span></span></span></div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs5f0\">2024 <span class=\"_ _b\"></span>corporate<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>reporting\u201d <span class=\"_ _b\"></span><span class=\"ff2\">(ripres<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>anche <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>CONSOB <span class=\"_ _0\"></span>nel <span class=\"_ _b\"></span>Richiamo <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>attenzione <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>/2<span class=\"_ _1\"></span>4 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>20 </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5f1\">dicembre  20<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4) <span class=\"_ _f\"> </span>rib<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>alcun<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>raccomandazio<span class=\"_ _1\"></span>ni  che <span class=\"_ _f\"> </span>gli  emittenti <span class=\"_ _f\"> </span>dovrebbero <span class=\"_ _f\"> </span>seguire  in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5f2\">modo <span class=\"_ _b\"></span>da <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>flettere, <span class=\"_ _b\"></span>qualora <span class=\"_ _0\"></span>presenti, <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _0\"></span>impatti <span class=\"_ _b\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>cambiamento <span class=\"_ _0\"></span>clim<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>sul <span class=\"_ _b\"></span>business <span class=\"_ _0\"></span>delle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5f3\">societ\u00e0. In partic<span class=\"_ _1\"></span>olare, tali priorit\u00e0 fanno<span class=\"_ _1\"></span> riferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> princ<span class=\"_ _1\"></span>ipalmente:<span class=\"_ _3\"></span> </div><div class=\"t m1 h7 ff1e fs5 fc1 sc0 ls0 ws0 gs5f4\"><span class=\"ff4\"> <span class=\"_ _21\"> </span><span class=\"ff2 fs2\">alla c<span class=\"_ _1\"></span>onsiderazione dei r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>schi <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>egati<span class=\"_ _1\"></span> al camb<span class=\"_ _1\"></span>iamento clima<span class=\"_ _1\"></span>tico durante la p<span class=\"_ _3\"></span>red<span class=\"_ _0\"></span>isp<span class=\"_ _3\"></span>osi<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> e </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5f5\">la revisione del b<span class=\"_ _1\"></span>ilancio; </div><div class=\"t m1 h7 ff1e fs5 fc1 sc0 ls0 ws0 gs5f6\"><span class=\"ff4\"> <span class=\"_ _21\"> </span><span class=\"ff2 fs2\">all'importanza<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>oiezioni <span class=\"_ _0\"></span>realisti<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>dei flu<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>si <span class=\"_ _0\"></span>di cassa <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>'a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bit<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>dete<span class=\"_ _1\"></span>rminazioni </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5f7\">del valore d\u2019uso delle<span class=\"_ _1\"></span> CGU oggetto di <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mpair<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ent t<span class=\"_ _1\"></span>est; </div><div class=\"t m1 h7 ff1e fs5 fc1 sc0 ls0 ws0 gs5f8\"><span class=\"ff4\"> <span class=\"_ _21\"> </span><span class=\"ff2 fs2\">alla <span class=\"_ _5\"></span>valutazione <span class=\"_ _5\"></span>degli <span class=\"_ _5\"></span>impatti <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>derivanti <span class=\"_ _b\"></span>dalle <span class=\"_ _5\"></span>questioni <span class=\"_ _5\"></span>climatiche <span class=\"_ _5\"></span>sulle <span class=\"_ _5\"></span>attivit\u00e0 </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5f9\">non finanziarie. </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs5fa\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">il Discussion paper n. 1/2022 \u201c<span class=\"_ _0\"></span>I<span class=\"_ _3\"></span>mpairm<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>t test dei non financial assets (IAS 36) a seguito della </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5fb\">guerra i<span class=\"_ _1\"></span>n Ucraina\u201d <span class=\"_ _3\"></span>pubblicato il <span class=\"_ _3\"></span>29<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>giugno 2<span class=\"_ _1\"></span>022 dall\u2019<span class=\"_ _1\"></span>Organismo Italian<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di Val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>taz<span class=\"_ _1\"></span>ione (\u201cOIV\u201d<span class=\"_ _1\"></span>), </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5fc\">che <span class=\"_ _1f\"> </span>ri<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ren<span class=\"_ _0\"></span>de<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>i <span class=\"_ _1f\"> </span>con<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uti<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>Public <span class=\"_ _15\"> </span>Statement<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>del <span class=\"_ _16\"> </span>1<span class=\"_ _0\"></span>3 <span class=\"_ _16\"> </span>maggio <span class=\"_ _1f\"> </span>2022 <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll\u2019<span class=\"_ _0\"></span>ESMA<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>(<span class=\"_ _0\"></span>oggett<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs5fd\">Richiamo <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>attenzione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>C<span class=\"_ _1\"></span>onsob <span class=\"_ _6\"></span>del <span class=\"_ _f\"></span>1<span class=\"_ _1\"></span>9 <span class=\"_ _6\"></span>maggio <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>022) <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rnisce <span class=\"_ _6\"></span>indicazioni <span class=\"_ _6\"></span>operative <span class=\"_ _6\"></span>per<span class=\"_ _4a1\"> </span></div>trattare l<span class=\"_ _0\"></span>\u2019ince<span class=\"_ _1\"></span>rtezza dell<span class=\"_ _0\"></span>\u2019attuale contesto <span class=\"_ _0\"></span>nell\u2019am<span class=\"_ _3\"></span>bito <span class=\"_ _0\"></span>dell\u2019eventuale esercizio <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span>l\u2019im<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>irme<span class=\"_ _1\"></span>nt test.  Ai <span class=\"_ _3\"></span>fini <span class=\"_ _3\"></span>del <span class=\"_ _1\"></span>test <span class=\"_ _8\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>impairment, <span class=\"_ _3\"></span>gi\u00e0 <span class=\"_ _3\"></span>oggetto <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>analisi <span class=\"_ _3\"></span>da<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>parte <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>Comitato <span class=\"_ _3\"></span>Controlli, <span class=\"_ _3\"></span>Risc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>Sostenibilit\u00e0<span class=\"_ _1\"></span> e <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>successi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>approvazio<span class=\"_ _1\"></span>ne <span class=\"_ _6\"></span>da <span class=\"_ _5\"></span>parte <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>Consiglio <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>Amministrazione<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>Anima <span class=\"_ _b\"></span>H<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>lding <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _6\"></span>5 febbraio <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>25, <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>Gruppo <span class=\"_ _6\"></span>ha <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>til<span class=\"_ _1\"></span>izzato <span class=\"_ _5\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>metodo <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>valore <span class=\"_ _5\"></span>d\u2019uso <span class=\"_ _6\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>verifica <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>uperabilit\u00e0 dell\u2019avviamento <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>altre <span class=\"_ _b\"></span>attivit\u00e0 <span class=\"_ _0\"></span>immateriali <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ta <span class=\"_ _0\"></span>utile <span class=\"_ _b\"></span>definita, <span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>do <span class=\"_ _b\"></span>conto <span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>quanto sopra riportato in mer<span class=\"_ _1\"></span>ito alle raccoman<span class=\"_ _1\"></span>dazioni dell\u2019ESM<span class=\"_ _1\"></span>A e dell\u2019OIV. Al <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>dello <span class=\"_ _0\"></span>svolgiment<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ell\u2019<span class=\"ff5\">impair<span class=\"_ _1\"></span>ment<span class=\"ff2\"> <span class=\"_ _0\"></span></span>test <span class=\"_ _b\"></span><span class=\"ff2\">come d<span class=\"_ _0\"></span>isciplinat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dallo <span class=\"_ _0\"></span>IAS <span class=\"_ _0\"></span>36, <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>Gruppo <span class=\"_ _b\"></span>ha <span class=\"_ _0\"></span>utilizzato <span class=\"_ _0\"></span>il </span></span>metodo <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>valore <span class=\"_ _5\"></span>d\u2019<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>so <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>le <span class=\"_ _5\"></span>assunzioni <span class=\"_ _5\"></span>aggiornate <span class=\"_ _5\"></span>che <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>iflettono <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>svilupp<span class=\"_ _1\"></span>i <span class=\"_ _6\"></span>pi\u00f9 <span class=\"_ _5\"></span>recenti <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>le <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>ltime informazioni dispo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ibili. <span class=\"_ _3\"></span> Metodo: Valore d\u2019us<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> (<span class=\"ff5\">Value in use</span>)<span class=\"_ _3\"></span> Il <span class=\"_ _6\"></span>valore <span class=\"_ _5\"></span>d\u2019u<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>determinato <span class=\"_ _5\"></span>attraverso <span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>stima <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _6\"></span>attuale <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ussi <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziari <span class=\"_ _6\"></span>futuri <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _5\"></span>si prevede  possano  essere  generati  dalla  CGU  Anima.  Il  valore  di <span class=\"_ _211\"> </span>un\u2019attivit\u00e0  \u00e8  calcolato  attraverso l\u2019attualizzazione  dei  f<span class=\"_ _1\"></span>lussi  finanziari  co<span class=\"_ _1\"></span>mprensivi <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>el  valo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e  terminale<span class=\"_ _1\"></span>  calcolato  come  una <span class=\"_ _f\"> </span>ren<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ita perpetua <span class=\"_ _3\"></span>stimata <span class=\"_ _3\"></span>in <span class=\"_ _1\"></span>base <span class=\"_ _3\"></span>ad <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>flu<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>normalizzat<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>conomicamente <span class=\"_ _3\"></span>sostenibile <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>coerente <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>il t<span class=\"_ _1\"></span>asso stimato di cres<span class=\"_ _1\"></span>cita di lungo termine.<span class=\"_ _3\"></span> Con l\u2019attualizzaz<span class=\"_ _1\"></span>ion<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>lussi <span class=\"_ _1\"></span>di cassa si <span class=\"_ _1\"></span>determina l\u2019<span class=\"ff5\">Enterprise Valu<span class=\"_ _1\"></span>e<span class=\"ff2\"> della CGU.<span class=\"_ _1\"></span> </span></span>Il <span class=\"_ _0\"></span>metodo di <span class=\"_ _0\"></span>va<span class=\"_ _1\"></span>lutazione <span class=\"_ _0\"></span>ut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>lizzato ai fini <span class=\"_ _0\"></span>della stima d<span class=\"_ _0\"></span>el Value in<span class=\"_ _0\"></span> Use <span class=\"_ _0\"></span>\u00e8 il <span class=\"_ _0\"></span><span class=\"ff5\">Discounted Cash Flow <span class=\"_ _0\"></span></span>(\u201cDCF\u201d)<span class=\"_ _3\"></span> rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> ai fluss<span class=\"_ _1\"></span>i di reddito de<span class=\"_ _1\"></span>lla CGU Anima. I flussi di cassa A <span class=\"_ _1f\"> </span>no<span class=\"_ _0\"></span>rma <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>o <span class=\"_ _15\"> </span>IAS <span class=\"_ _1f\"> </span>36,<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>le <span class=\"_ _1f\"> </span>proiezioni <span class=\"_ _1f\"> </span>dei <span class=\"_ _15\"> </span>flussi <span class=\"_ _1f\"> </span>finanziari <span class=\"_ _1f\"> </span>attesi <span class=\"_ _15\"> </span>devono <span class=\"_ _1f\"> </span>b<span class=\"_ _0\"></span>asa<span class=\"_ _1\"></span>rsi <span class=\"_ _1f\"> </span>sul<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>pi\u00f9 <span class=\"_ _1f\"> </span>recente budget/piano <span class=\"_ _b\"></span>industriale <span class=\"_ _b\"></span>approvato<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>dal <span class=\"_ _b\"></span>Gruppo, <span class=\"_ _b\"></span>nonch\u00e9 <span class=\"_ _b\"></span>su <span class=\"_ _5\"></span>presupposti<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>ionevoli <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>dimostrabili <span class=\"_ _b\"></span>in grado <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>rappresentare<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>migliore <span class=\"_ _0\"></span>stima<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>delle <span class=\"_ _0\"></span>co<span class=\"_ _1\"></span>ndizioni <span class=\"_ _0\"></span>economi<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>future, <span class=\"_ _0\"></span>attese lungo <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>restante vita <span class=\"_ _1f\"> </span>u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>le <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>atti<span class=\"_ _1\"></span>vit\u00e0. <span class=\"_ _15\"> </span>Per <span class=\"_ _1f\"> </span>la <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>eterm<span class=\"_ _1\"></span>inazione <span class=\"_ _16\"> </span>del <span class=\"_ _15\"> </span><span class=\"ff5\">Value <span class=\"_ _1f\"> </span>in <span class=\"_ _1f\"> </span>use <span class=\"_ _15\"> </span></span>al <span class=\"_ _16\"> </span>31<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>dicembre <span class=\"_ _1f\"> </span>2024, <span class=\"_ _1f\"> </span>le <span class=\"_ _15\"> </span>stime prospettiche <span class=\"_ _0\"></span>dei <span class=\"_ _b\"></span>flussi <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>cassa <span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>dalla <span class=\"_ _0\"></span>CGU <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>sono <span class=\"_ _0\"></span>state <span class=\"_ _0\"></span>sv<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>luppate <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>partire <span class=\"_ _b\"></span>dai <span class=\"_ _0\"></span>dati <span class=\"_ _b\"></span>del Budget <span class=\"_ _b\"></span>2025 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>del<span class=\"_ _0\"></span>l\u2019a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio<span class=\"_ _1\"></span>rnamento <span class=\"_ _b\"></span>delle <span class=\"_ _5\"></span>p<span class=\"_ _1\"></span>roi<span class=\"_ _0\"></span>ezi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>economico-finanzia<span class=\"_ _1\"></span>rie <span class=\"_ _b\"></span>2026-2028 <span class=\"_ _b\"></span>(\u201cProiezioni\u201d), approvati <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>Consiglio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Amministrazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _6\"></span>della <span class=\"_ _5\"></span>Soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>data <span class=\"_ _6\"></span>30 <span class=\"_ _6\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>nai<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>2025 <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>si<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>icorda <span class=\"_ _5\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>il Piano <span class=\"_ _e\"> </span>Industriale <span class=\"_ _d\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>24-2028 <span class=\"_ _e\"> </span>sottostante <span class=\"_ _e\"> </span>al<span class=\"_ _1\"></span>le <span class=\"_ _e\"> </span>Proiezioni <span class=\"_ _e\"> </span>era <span class=\"_ _e\"> </span>stata <span class=\"_ _d\"> </span>approvato <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>C<span class=\"_ _0\"></span>onsi<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>lio <span class=\"_ _e\"> </span>di Amministrazione in <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata 6 ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio <span class=\"_ _1\"></span>2024. Tali <span class=\"_ _1\"></span>valori sono stati opp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtuname<span class=\"_ _1\"></span>nte esaminati s<span class=\"_ _1\"></span>ulla base di presupposti  ragionevoli  e  dimostra<span class=\"_ _1\"></span>bili,  al  f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e  di  riflettere  i  risultati  nel  frattempo  consunti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ati  e svolgendo <span class=\"_ _5\"></span>le <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>ortune <span class=\"_ _6\"></span>analisi <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>sensitivit\u00e0 <span class=\"_ _5\"></span>volte <span class=\"_ _5\"></span>ad <span class=\"_ _6\"></span>apprezzare <span class=\"_ _5\"></span>eventu<span class=\"_ _0\"></span>ali <span class=\"_ _b\"></span>im<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>tti, <span class=\"_ _6\"></span>sulle <span class=\"_ _5\"></span>assunzioni sottostanti <span class=\"_ _1f\"> </span>le <span class=\"_ _1f\"> </span>stime <span class=\"_ _1f\"> </span>effettuate, <span class=\"_ _16\"> </span>der<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti <span class=\"_ _1f\"> </span>dall\u2019incertezza<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>e <span class=\"_ _15\"> </span>la <span class=\"_ _16\"> </span>v<span class=\"_ _0\"></span>olatilit\u00e0 <span class=\"_ _16\"> </span>che <span class=\"_ _1f\"> </span>car<span class=\"_ _0\"></span>atte<span class=\"_ _1\"></span>rizza <span class=\"_ _16\"> </span>l<span class=\"_ _0\"></span>\u2019attuale<span class=\"_ _3\"></span> contesto <span class=\"_ _b\"></span>macroeconomico <span class=\"_ _5\"></span>e <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>settore<span class=\"_ _1\"></span>, <span class=\"_ _5\"></span>sviluppa<span class=\"_ _1\"></span>ndo <span class=\"_ _5\"></span>opportuni <span class=\"_ _b\"></span>scenari <span class=\"_ _5\"></span>pe<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giorativi <span class=\"_ _b\"></span>che <span class=\"_ _b\"></span>incorporano anch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> specifiche considerazi<span class=\"_ _1\"></span>oni legate al <span class=\"ff5\">climate ch<span class=\"_ _3\"></span>ange risk.<span class=\"ff2\"> </span></span>Tasso di attualizza<span class=\"_ _1\"></span>zione - \u201cKe\u201d Nel <span class=\"_ _0\"></span>deter<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>inare <span class=\"_ _0\"></span>il <span class=\"_ _b\"></span><span class=\"ff5\">Value <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>use</span>, <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>lussi <span class=\"_ _0\"></span>finanziari <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ono <span class=\"_ _0\"></span>essere <span class=\"_ _0\"></span>attualizzati <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>un <span class=\"_ _b\"></span>tasso <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>incorpori sia <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>valore <span class=\"_ _b\"></span>temporale <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>aro <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>rischi <span class=\"_ _b\"></span>propri <span class=\"_ _b\"></span>dell\u2019attivit\u00e0 <span class=\"_ _0\"></span>sv<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>lta. <span class=\"_ _b\"></span>Il <span class=\"_ _b\"></span>tasso <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>sco<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _b\"></span>utilizzato <span class=\"_ _b\"></span>\u00e8 pari <span class=\"_ _16\"> </span>all\u201910,05% <span class=\"_ _c\"> </span>(10,83% <span class=\"_ _16\"> </span>al <span class=\"_ _16\"> </span>31 <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cembre <span class=\"_ _c\"> </span>20<span class=\"_ _0\"></span>23) <span class=\"_ _211\"> </span>calco<span class=\"_ _0\"></span>lat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>con<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>m<span class=\"_ _0\"></span>etod<span class=\"_ _1\"></span>ologia <span class=\"_ _c\"> </span>i<span class=\"_ _0\"></span>n <span class=\"_ _16\"> </span>linea <span class=\"_ _c\"> </span>con<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>la <span class=\"_ _16\"> </span>prassi valutativa. Il tasso di attualizza<span class=\"_ _1\"></span>zione utilizzato corri<span class=\"_ _3\"></span>spo<span class=\"_ _0\"></span>nde al cost<span class=\"_ _1\"></span>o del capitale di rischio<span class=\"_ _1\"></span>, pari al tasso di  r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dimento  dei  mezzi  pr<span class=\"_ _1\"></span>opri <span class=\"_ _211\"> </span>richiest<span class=\"_ _1\"></span>o  dag<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i  investitori/azionisti  per  investime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti  con  an<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>oghe caratteristiche <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>rischio. <span class=\"_ _1\"></span>Tale <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _1\"></span>stato <span class=\"_ _3\"></span>stimato <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>tilizzan<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>Capital <span class=\"_ _3\"></span>Asset <span class=\"_ _3\"></span>Pricing M<span class=\"_ _1\"></span>odel <span class=\"_ _3\"></span>(\u201cCAPM\u201d)<span class=\"_ _1\"></span> sulla base della se<span class=\"_ _1\"></span>guente formula:<span class=\"_ _1\"></span> Ke = Rf + <span class=\"ff21\">\u03b2</span> * ERP<span class=\"_ _3\"></span> Dove: Rf = tasso <span class=\"_ _3\"></span>di rendime<span class=\"_ _1\"></span>nto delle <span class=\"_ _3\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>priv<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>di risc<span class=\"_ _1\"></span>hio determinato <span class=\"_ _3\"></span>come media <span class=\"_ _1\"></span>degli u<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>timi 1<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>esi de<span class=\"_ _3\"></span>l rendimento <span class=\"_ _0\"></span>lordo <span class=\"_ _0\"></span>annu<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>BTP <span class=\"_ _0\"></span>Italia d<span class=\"_ _0\"></span>ecennale<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>(Banca d<span class=\"_ _0\"></span>\u2019Italia,<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>gennaio 2<span class=\"_ _0\"></span>025)<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>3,71% <span class=\"_ _0\"></span>(4,28% al 31 dicembre 202<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>);  ERP <span class=\"_ _d\"> </span>= <span class=\"_ _d\"> </span>extra <span class=\"_ _15\"> </span>rendimento <span class=\"_ _15\"> </span>medio <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _d\"> </span>mercato <span class=\"_ _d\"> </span>(<span class=\"ff5\">Equ<span class=\"_ _1\"></span>ity <span class=\"_ _15\"> </span>risk <span class=\"_ _d\"> </span>premium<span class=\"ff2\">), <span class=\"_ _15\"> </span>determinato <span class=\"_ _d\"> </span>sulla <span class=\"_ _15\"> </span>base <span class=\"_ _d\"> </span>del </span></span>differenziale <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>dimento <span class=\"_ _f\"> </span>di <span class=\"_ _f\"></span>l<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ngo <span class=\"_ _6\"></span>periodo <span class=\"_ _f\"> </span>tra <span class=\"_ _f\"> </span>i <span class=\"_ _6\"></span>tito<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>azionari <span class=\"_ _f\"> </span>e <span class=\"_ _6\"></span>obbligazionari. <span class=\"_ _f\"> </span>In <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>nuit\u00e0 <span class=\"_ _f\"> </span>con quanto effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ato <span class=\"_ _1\"></span>negli eser<span class=\"_ _1\"></span>cizi precedenti<span class=\"_ _1\"></span>, \u00e8 stato <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onsiderato<span class=\"_ _3\"></span> i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>mag<span class=\"_ _1\"></span>gior valore tra <span class=\"_ _3\"></span>(i<span class=\"_ _0\"></span>)<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>la st<span class=\"_ _3\"></span>ima fornita<span class=\"_ _4a1\"> </span> da A. Damodaran rilevata nel mese<span class=\"_ _1\"></span> di dicembre 2024 pari al 4,33% (valore che <span class=\"_ _1\"></span>riflette le ripercussioni<span class=\"_ _1\"></span> negative <span class=\"_ _c\"> </span>sulle <span class=\"_ _c\"> </span>attivit\u00e0 <span class=\"_ _c\"> </span>economiche <span class=\"_ _211\"> </span>a <span class=\"_ _c\"> </span>livello <span class=\"_ _c\"> </span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>obale <span class=\"_ _211\"> </span>e <span class=\"_ _16\"> </span>sui <span class=\"_ _c\"> </span>mercati <span class=\"_ _211\"> </span>f<span class=\"_ _0\"></span>inanziari <span class=\"_ _211\"> </span>connessi <span class=\"_ _c\"> </span>al <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>ontesto<span class=\"_ _3\"></span> macroeconomico, <span class=\"_ _0\"></span>nonch\u00e9 <span class=\"_ _b\"></span>alle <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uenti <span class=\"_ _0\"></span>politiche <span class=\"_ _0\"></span>monetari<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>restrittive) <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>(ii) <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>paramet<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>pari <span class=\"_ _b\"></span>al 5,50%, <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>osservazioni <span class=\"_ _3\"></span>mediamente <span class=\"_ _3\"></span>appli<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>abili <span class=\"_ _3\"></span>dalla <span class=\"_ _3\"></span>prassi <span class=\"_ _3\"></span>profe<span class=\"_ _1\"></span>ssionale. <span class=\"_ _3\"></span>Al <span class=\"_ _3\"></span>fine <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>riflettere<span class=\"_ _3\"></span> anch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>le <span class=\"_ _b\"></span>raccomandazion<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>fornite <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>ESMA <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>tener<span class=\"_ _1\"></span>e <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>considerazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chio <span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>egat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>maggi<span class=\"_ _1\"></span>ore inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>tezz<span class=\"_ _1\"></span>a  sui<span class=\"_ _3\"></span>  mercati, <span class=\"_ _f\"> </span>la  So<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _f\"> </span>ha  fatto <span class=\"_ _f\"> </span>pertanto <span class=\"_ _f\"> </span>riferimento  a<span class=\"_ _3\"></span>l  parametro <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>5,50%  (stess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>% utilizzata <span class=\"_ _f\"> </span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>precedente <span class=\"_ _f\"> </span>eser<span class=\"_ _1\"></span>cizio, <span class=\"_ _f\"> </span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>o  la<span class=\"_ _3\"></span>  stima <span class=\"_ _f\"> </span>fornita <span class=\"_ _f\"> </span>da  A.<span class=\"_ _3\"></span>  Damoda<span class=\"_ _1\"></span>ran <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>levata <span class=\"_ _f\"> </span>nel <span class=\"_ _f\"> </span>m<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>  di dicembre 2023 era pa<span class=\"_ _1\"></span>ri al 4,60%);<span class=\"_ _3\"></span> \u03b2<span class=\"ff2\"> <span class=\"_ _0\"></span>(Beta)= <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>attore <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>correlazione <span class=\"_ _0\"></span>tra <span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>rendiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>effettivo <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>un\u2019azione <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>endime<span class=\"_ _1\"></span>nto <span class=\"_ _0\"></span>complessivo </span>del <span class=\"_ _c\"> </span>mercato <span class=\"_ _c\"> </span>di <span class=\"_ _211\"> </span>r<span class=\"_ _0\"></span>ifer<span class=\"_ _1\"></span>imento <span class=\"_ _c\"> </span>(misura <span class=\"_ _211\"> </span>della <span class=\"_ _211\"> </span>v<span class=\"_ _0\"></span>olatilit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _c\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>un <span class=\"_ _16\"> </span>tit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lo <span class=\"_ _211\"> </span>rispetto <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>mercato), <span class=\"_ _211\"> </span>determinato considerando <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>beta <span class=\"_ _f\"></span><span class=\"ff5\">levere<span class=\"_ _1\"></span>d<span class=\"ff2\"> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>Anima <span class=\"_ _6\"></span>H<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>lding <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>periodo <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>osser<span class=\"_ _1\"></span>vazione <span class=\"_ _6\"></span>q<span class=\"_ _0\"></span>uin<span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>nnale <span class=\"_ _f\"> </span>e <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>na </span></span>frequenza di rile<span class=\"_ _1\"></span>vazione settima<span class=\"_ _1\"></span>nale, pari a 1,15 (1,<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>9 al 31 <span class=\"_ _1\"></span>dic<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mbre 2023). Ai <span class=\"_ _3\"></span>fini <span class=\"_ _1\"></span>del <span class=\"_ _3\"></span>calcolo <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>terminal <span class=\"_ _3\"></span>value <span class=\"_ _8\"></span>v<span class=\"_ _0\"></span>iene <span class=\"_ _8\"></span>u<span class=\"_ _0\"></span>tilizz<span class=\"_ _1\"></span>ato <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>tasso <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>crescita <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span><span class=\"ff5\">perpetuity <span class=\"_ _3\"></span><span class=\"ff2\">in <span class=\"_ _3\"></span>linea <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>stime </span></span>di <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>flazione <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>crescita <span class=\"_ _3\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>consumi <span class=\"_ _1\"></span>attese <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>lungo <span class=\"_ _3\"></span>periodo <span class=\"_ _1\"></span>fornite <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>au<span class=\"_ _0\"></span>to<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>evol<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>onti <span class=\"_ _3\"></span>esterne <span class=\"_ _3\"></span>(F<span class=\"_ _1\"></span>ondo Monetario Internazionale<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> Prometeia,<span class=\"_ _3\"></span> BCE,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>xford <span class=\"_ _3\"></span>Ec<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mics e <span class=\"_ _1\"></span>Banc<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>d\u2019<span class=\"_ _0\"></span>Ita<span class=\"_ _1\"></span>lia). <span class=\"_ _3\"></span> Sulla <span class=\"_ _6\"></span>base <span class=\"_ _5\"></span>delle <span class=\"_ _5\"></span>fon<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>sopr<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>riportate, <span class=\"_ _5\"></span>tenuto <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>inflazione <span class=\"_ _6\"></span>target <span class=\"_ _5\"></span>fissato <span class=\"_ _5\"></span>da <span class=\"_ _6\"></span>BCE <span class=\"_ _5\"></span>nel medio-lungo <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>l\u2019Area Euro <span class=\"_ _0\"></span>(<span class=\"ff22\">\u223c</span>2<span class=\"_ _0\"></span>%<span class=\"_ _3\"></span>),<span class=\"_ _0\"></span> il <span class=\"_ _b\"></span>tass<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>crescita <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>lun<span class=\"_ _1\"></span>go <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>colloca <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>range tra <span class=\"_ _5\"></span>l\u20191,5% <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>2,0%. <span class=\"_ _5\"></span>In<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>via <span class=\"_ _b\"></span>pr<span class=\"_ _0\"></span>udenziale <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>continuit\u00e0 <span class=\"_ _b\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>gli <span class=\"_ _5\"></span>impairment <span class=\"_ _b\"></span>test <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndotti <span class=\"_ _5\"></span>negli <span class=\"_ _5\"></span>esercizi precedenti, il Gruppo<span class=\"_ _1\"></span> ha deciso di adotta<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e un tasso<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>cr<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ita pa<span class=\"_ _1\"></span>ri all\u20191,5%. I <span class=\"_ _c\"> </span>flu<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>scontati <span class=\"_ _c\"> </span>sono <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>netto <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>elle <span class=\"_ _c\"> </span>imposte,  c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olate <span class=\"_ _211\"> </span>con <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>e <span class=\"_ _211\"> </span>aliquote <span class=\"_ _c\"> </span>fiscali <span class=\"_ _211\"> </span>v<span class=\"_ _0\"></span>ige<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _211\"> </span>all<span class=\"_ _0\"></span>a <span class=\"_ _211\"> </span>data <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> approvazione del presente<span class=\"_ _3\"></span> B<span class=\"_ _0\"></span>ila<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cio <span class=\"_ _1\"></span>consolidato.  Analisi di sensiti<span class=\"_ _1\"></span>vity Al fine di me<span class=\"_ _1\"></span>glio apprezzare la se<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sibil<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t\u00e0 dei <span class=\"_ _1\"></span>risulta<span class=\"_ _1\"></span>ti dell\u2019impairment te<span class=\"_ _1\"></span>st rispetto alle<span class=\"_ _3\"></span> v<span class=\"_ _0\"></span>aria<span class=\"_ _1\"></span>zioni degli assunti di base<span class=\"_ _3\"></span>, \u00e8 stata s<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>olta,<span class=\"_ _1\"></span> ai fini<span class=\"_ _1\"></span> del <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>alcol<span class=\"_ _1\"></span>o del v<span class=\"_ _1\"></span>alore d\u2019us<span class=\"_ _1\"></span>o, un\u2019analisi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"ff5\">sensitivity</span> r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>spet<span class=\"_ _1\"></span>to al tasso<span class=\"_ _3\"></span> di <span class=\"_ _0\"></span>attualizzazione c<span class=\"_ _0\"></span>omplessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>Ke <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>tass<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>cres<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ita <span class=\"_ _0\"></span>utilizzato <span class=\"_ _0\"></span>ai<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i d<span class=\"_ _0\"></span>el c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olo d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>termi<span class=\"_ _1\"></span>nal <span class=\"_ _0\"></span>value. Gli intervalli di variazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne a<span class=\"_ _1\"></span>nalizzati son<span class=\"_ _1\"></span>o i seguenti: \u2022<span class=\"_ _18f\"> </span>K<span class=\"_ _3\"></span>e f<span class=\"_ _0\"></span>ra 9,05% e 1<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>,05%;<span class=\"_ _1\"></span> \u2022<span class=\"_ _18f\"> </span>T<span class=\"_ _1\"></span>asso di crescita in <span class=\"ff5\">perpe<span class=\"_ _1\"></span>tuity<span class=\"ff2\"> fra 0,5% e 2,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>%.<span class=\"_ _1\"></span> </span></span>Analisi di Scenario <span class=\"_ _1\"></span> In <span class=\"_ _b\"></span>continuit\u00e0 <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>gli <span class=\"_ _b\"></span>anni <span class=\"_ _b\"></span>precedenti <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>conf<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rmit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _b\"></span>sugger<span class=\"_ _1\"></span>ito <span class=\"_ _b\"></span>dalla <span class=\"_ _b\"></span>prassi <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>mercato, <span class=\"_ _b\"></span>al fin<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>riflettere <span class=\"_ _0\"></span>la <span class=\"_ _b\"></span>maggio<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>ince<span class=\"_ _1\"></span>rtezza <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>periodo <span class=\"_ _0\"></span>corr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>rispondere<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>all<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>esigenze <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vanti <span class=\"_ _b\"></span>dal contesto <span class=\"_ _3\"></span>normativo, <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> Gruppo <span class=\"_ _3\"></span>ha <span class=\"_ _1\"></span>ritenuto <span class=\"_ _3\"></span>opportuno <span class=\"_ _3\"></span>sviluppare <span class=\"_ _1\"></span>degli <span class=\"_ _3\"></span>scenari <span class=\"_ _3\"></span>peggiorativi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> ipotesi sottostanti le P<span class=\"_ _1\"></span>roi<span class=\"_ _0\"></span>ezi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni ut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>lizzat<span class=\"_ _1\"></span>e nella stima <span class=\"_ _1\"></span>del <span class=\"ff5\">Value in use</span>.  La <span class=\"_ _0\"></span>finalit\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>tale <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>nalisi <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>quella <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>denziare, c<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>appro<span class=\"_ _1\"></span>ccio <span class=\"_ _0\"></span>sintetico, <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>rischi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>deterioramento della redditivit\u00e0 considerando un <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>gg<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>oramento di diverse grandezze, in particolare una riduzione (i) degli AuM per sh<span class=\"_ _1\"></span>ock di mercato, (ii) dei <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ussi di racc<span class=\"_ _1\"></span>olta netta e (iii) delle<span class=\"_ _1\"></span> commissioni di pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>forman<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e. Tali  scen<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>  pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>edon<span class=\"_ _1\"></span>o  u<span class=\"_ _0\"></span>na <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>iduzio<span class=\"_ _1\"></span>ne  lineare  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll\u2019EBITDA  prospettica  su  ogni  anno  di  previsione esplicita (-5%; -10%<span class=\"_ _1\"></span>; -20%) rispetto alle Pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>iezi<span class=\"_ _1\"></span>oni. Inoltre, <span class=\"_ _0\"></span>il Gruppo ha <span class=\"_ _0\"></span>delineato<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>ulteriore scenario (<span class=\"_ _0\"></span>\u201cStre<span class=\"_ _3\"></span>ss <span class=\"_ _0\"></span>Case scenario\u201d), vol<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> a <span class=\"_ _0\"></span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minare una significativa <span class=\"_ _3\"></span>riduzione <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>performan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gruppo; <span class=\"_ _3\"></span>lo <span class=\"_ _3\"></span>Stress <span class=\"_ _3\"></span>scenario <span class=\"_ _3\"></span>tiene <span class=\"_ _3\"></span>conto <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>peggiorame<span class=\"_ _1\"></span>nto simultaneo  di  diverse  grandezze,  incorporando  nelle  analisi  condotte  la  riduzione  delle  principali<span class=\"_ _1\"></span> variabili <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>influenzano <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>risultato <span class=\"_ _0\"></span>economi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>caratterizzano i<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>ontesto di <span class=\"_ _b\"></span>riferimento n<span class=\"_ _0\"></span>el qu<span class=\"_ _0\"></span>ale <span class=\"_ _0\"></span>il Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>ope<span class=\"_ _1\"></span>ra <span class=\"_ _0\"></span>(AuM<span class=\"_ _1\"></span>, racco<span class=\"_ _0\"></span>lta<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>netta e com<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ssi<span class=\"_ _1\"></span>oni di <span class=\"_ _0\"></span>performa<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ce), pur mantenendo<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sostanz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>almente<span class=\"_ _1\"></span> invariati <span class=\"_ _6\"></span>gli <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nvesti<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>pr<span class=\"_ _0\"></span>ev<span class=\"_ _1\"></span>isti <span class=\"_ _6\"></span>dalle <span class=\"_ _f\"> </span>P<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>oiezio<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>i <span class=\"_ _6\"></span>costi <span class=\"_ _6\"></span>ad <span class=\"_ _f\"> </span>essi <span class=\"_ _6\"></span>correlati. <span class=\"_ _6\"></span>Tale <span class=\"_ _6\"></span>scenario <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a inoltre le indi<span class=\"_ _1\"></span>cazioni dell\u2019ESMA<span class=\"_ _1\"></span> con riferimento ai risch<span class=\"_ _1\"></span>i climatici.  Le <span class=\"_ _f\"> </span>consid<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>effettuate <span class=\"_ _f\"> </span>hanno  i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>oltre<span class=\"_ _3\"></span>  permesso <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>individuare <span class=\"_ _f\"> </span>il  li<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>\u2018\u2019soglia\u2019\u2019 <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>Ebitda <span class=\"_ _f\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> conduce alla stima di u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>valore recuperabile p<span class=\"_ _1\"></span>ari al valore contabile <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>U Anima. Esiti dell\u2019<span class=\"ff5\">impairment <span class=\"_ _1\"></span>test<span class=\"ff2\"> </span></span>Gli esiti <span class=\"_ _3\"></span>dell\u2019<span class=\"_ _0\"></span><span class=\"ff5\">im<span class=\"_ _3\"></span>pairment test<span class=\"ff2\"> <span class=\"_ _1\"></span>non <span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o e<span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>nziato <span class=\"_ _3\"></span>perd<span class=\"_ _0\"></span>ite <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>valore de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li av<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>iame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>e de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _3\"></span>intangibili </span></span>a <span class=\"_ _1\"></span>vita utile def<span class=\"_ _1\"></span>inita, sia <span class=\"_ _1\"></span>nello s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ena<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>riferimento <span class=\"_ _3\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li a<span class=\"_ _1\"></span>ltri <span class=\"_ _1\"></span>ipotizzati, <span class=\"_ _3\"></span>con un <span class=\"ff5\">recoverable <span class=\"_ _3\"></span>amount<span class=\"ff2\"> </span></span>della CGU Anima super<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re al v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lore di <span class=\"ff5\">carrying amou<span class=\"_ _1\"></span>nt<span class=\"ff2\"> evidenziata nel presente<span class=\"_ _3\"></span> B<span class=\"_ _0\"></span>ila<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>cio <span class=\"_ _1\"></span>consolidato. </span></span><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs666\">Nell\u2019ambito <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>elle <span class=\"_ _1\"></span>analisi <span class=\"_ _3\"></span>svol<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>, a <span class=\"_ _1\"></span>fronte an<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>prac<span class=\"_ _1\"></span>itate <span class=\"_ _1\"></span>raccomandazioni ESM<span class=\"_ _1\"></span>A, si <span class=\"_ _3\"></span>precisa <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs667\">ad <span class=\"_ _b\"></span>oggi <span class=\"_ _0\"></span>non <span class=\"_ _0\"></span>si <span class=\"_ _b\"></span>evidenziano<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>impatti <span class=\"_ _0\"></span>rilevanti <span class=\"_ _b\"></span>sul<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>bus<span class=\"_ _1\"></span>iness <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>sulle <span class=\"_ _b\"></span>prospet<span class=\"_ _1\"></span>tive <span class=\"_ _0\"></span>future <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs668\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o  in  a<span class=\"_ _3\"></span>mb<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span><span class=\"ff5\">climate  chang<span class=\"_ _3\"></span>e  risk<span class=\"ff2\">,  a<span class=\"_ _1\"></span>nche <span class=\"_ _f\"> </span>in  co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sideraz<span class=\"_ _1\"></span>ione  de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la <span class=\"_ _f\"> </span>centralit\u00e0 <span class=\"_ _f\"> </span>dell<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>strategia <span class=\"_ _f\"> </span>ESG </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs669\">esistente a livello <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i Gruppo <span class=\"_ _1\"></span>come opportunit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>crescita del business.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs66a\">Si segnala che ai f<span class=\"_ _1\"></span>ini delle analisi di<span class=\"_ _1\"></span> <span class=\"ff5\">sensitivity</span> nello s<span class=\"_ _1\"></span>cenario di riferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>: </div><div class=\"t m1 h4 ff9 fs2 fc1 sc0 ls0 ws0 gs66b\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">considerando <span class=\"_ _15\"> </span>l\u2019utilizzo <span class=\"_ _1f\"> </span>del <span class=\"_ _d\"> </span>tasso <span class=\"_ _15\"> </span>di <span class=\"_ _d\"> </span>attualizzazio<span class=\"_ _1\"></span>ne <span class=\"_ _15\"> </span>com<span class=\"_ _0\"></span>plessi<span class=\"_ _3\"></span>vo <span class=\"_ _d\"> </span>Ke <span class=\"_ _15\"> </span>al <span class=\"_ _d\"> </span>11,05%, <span class=\"_ _15\"> </span>il <span class=\"_ _15\"> </span>valore </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs66c\">recuperabile si ridu<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e del 9,<span class=\"_ _1\"></span>62%;<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff9 fs2 fc1 sc0 ls0 ws0 gs66d\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">considerando <span class=\"_ _5\"></span>l\u2019<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>ilizzo <span class=\"_ _6\"></span>del <span class=\"_ _f\"> </span>tass<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>cres<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ita <span class=\"_ _6\"></span>in <span class=\"_ _f\"></span>pe<span class=\"_ _1\"></span>rpetuity <span class=\"_ _6\"></span>allo <span class=\"_ _f\"> </span>0,5%,<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>il <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>uperabile <span class=\"_ _6\"></span>si </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs66e\">riduce del 7,55%;<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff9 fs2 fc1 sc0 ls0 ws0 gs66f\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">nel caso p<span class=\"_ _3\"></span>i\u00f9 estremo <span class=\"_ _1\"></span>dell\u2019analisi d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> se<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>cons<span class=\"_ _1\"></span>iderando co<span class=\"_ _1\"></span>ngiuntamente l<span class=\"_ _3\"></span>\u2019u<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>lizzo del ta<span class=\"_ _1\"></span>sso </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs670\">di <span class=\"_ _b\"></span>attualizzazione <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>plessi<span class=\"_ _3\"></span>vo <span class=\"_ _b\"></span>Ke <span class=\"_ _b\"></span>all\u201911,05% <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>tasso <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>rescita <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>perpetuit<span class=\"_ _1\"></span>y <span class=\"_ _b\"></span>allo<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>0,5%, <span class=\"_ _b\"></span>il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs671\">valore recuperabile si <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>id<span class=\"_ _1\"></span>uc<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>5,58%<span class=\"_ _3\"></span>;<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs672\">Inoltre, <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>stata <span class=\"_ _5\"></span>condotta <span class=\"_ _5\"></span>un\u2019an<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>isi<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>individuare <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>attualizzazione <span class=\"_ _5\"></span>\u201csoglia\u201d <span class=\"_ _5\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>eguaglia <span class=\"_ _6\"></span>il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs673\">valore d\u2019uso <span class=\"_ _1\"></span>della CGU<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Ani<span class=\"_ _1\"></span>ma al su<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>valore contabile; tale <span class=\"_ _3\"></span>valore \u00e8 pari<span class=\"_ _1\"></span> al 21,99%<span class=\"_ _1\"></span> (pari al <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>6,11%<span class=\"_ _3\"></span> al 31 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs674\">dicembre 2023).<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs675\">Infine, <span class=\"_ _f\"> </span>con  riferime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _f\"> </span>allo <span class=\"_ _f\"> </span>Stress  se<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ario<span class=\"ff5\">,</span> <span class=\"_ _f\"> </span>l\u2019Ebitd<span class=\"_ _3\"></span>a  \u201csoglia\u201d <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>determina <span class=\"_ _f\"> </span>l\u2019<span class=\"_ _0\"></span>eq<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ivalenza <span class=\"_ _f\"></span>del <span class=\"_ _f\"> </span>valore </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs676\">recuperabile della <span class=\"_ _3\"></span>CGU Anima al su<span class=\"_ _1\"></span>o val<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> con<span class=\"_ _0\"></span>tab<span class=\"_ _3\"></span>ile \u00e8 pari a <span class=\"_ _3\"></span>circ<span class=\"_ _0\"></span>a -<span class=\"_ _3\"></span>58,6 % rispett<span class=\"_ _1\"></span>o allo sce<span class=\"_ _1\"></span>nario base. <span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs677\">Nel <span class=\"_ _1f\"> </span>contesto <span class=\"_ _1f\"> </span>della <span class=\"_ _1f\"> </span>procedu<span class=\"_ _1\"></span>ra <span class=\"_ _15\"> </span>di <span class=\"_ _1f\"> </span>impairment <span class=\"_ _1f\"> </span>tes<span class=\"_ _1\"></span>t <span class=\"_ _1f\"> </span>so<span class=\"_ _0\"></span>pra <span class=\"_ _16\"> </span>descritta, <span class=\"_ _16\"> </span>An<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ma <span class=\"_ _1f\"> </span>Holding <span class=\"_ _16\"> </span>h<span class=\"_ _0\"></span>a <span class=\"_ _16\"> </span>chi<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>o <span class=\"_ _15\"> </span>al </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs678\">consulente <span class=\"_ _3\"></span>indipendente <span class=\"_ _3\"></span>EY A<span class=\"_ _1\"></span>dvisory <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _1\"></span>(\u201cEY <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>dvisory\u201d)<span class=\"_ _1\"></span> di<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>redisporre<span class=\"_ _1\"></span> u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span><span class=\"ff5\">fairness <span class=\"_ _3\"></span>opinion<span class=\"ff2\"> <span class=\"_ _1\"></span>rispetto </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs679\">alla <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>eterminazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>del <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>alore <span class=\"_ _5\"></span>recuperabile <span class=\"_ _5\"></span>della <span class=\"_ _5\"></span>CGU <span class=\"_ _6\"></span>Anim<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>effett<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ata <span class=\"_ _5\"></span>dalla <span class=\"_ _6\"></span>Societ\u00e0. <span class=\"_ _5\"></span>Le <span class=\"_ _6\"></span>princi<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>li </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs67a\">considerazioni <span class=\"_ _b\"></span>sulle <span class=\"_ _b\"></span>an<span class=\"_ _0\"></span>alis<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>valutative <span class=\"_ _b\"></span>condotte <span class=\"_ _5\"></span>da <span class=\"_ _b\"></span>Anima <span class=\"_ _5\"></span>Holding, <span class=\"_ _5\"></span>esp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esse <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>EY <span class=\"_ _5\"></span>Advisory, <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs67b\">seguito riportate<span class=\"_ _1\"></span>: </div><div class=\"t m1 h4 ff9 fs2 fc1 sc0 ls0 ws0 gs67c\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">il p<span class=\"_ _1\"></span>rocesso di <span class=\"_ _3\"></span>impairment t<span class=\"_ _1\"></span>est svi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>uppa<span class=\"_ _1\"></span>to dalla <span class=\"_ _1\"></span>Socie<span class=\"_ _1\"></span>t\u00e0 <span class=\"_ _1\"></span>risu<span class=\"_ _0\"></span>lta <span class=\"_ _3\"></span>in conti<span class=\"_ _1\"></span>nuit\u00e0 <span class=\"_ _1\"></span>con quanto <span class=\"_ _3\"></span>svolto al<span class=\"_ _1\"></span> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs67d\">31 dicembre 2023. Tale p<span class=\"_ _1\"></span>rocesso ris<span class=\"_ _1\"></span>ulta strutturato, razionale<span class=\"_ _1\"></span>, tracciabile e ripe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cor<span class=\"_ _1\"></span>ribile; </div><div class=\"t m1 h4 ff9 fs2 fc1 sc0 ls0 ws0 gs67e\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">l\u2019approccio  valutativo  adottato  d<span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>So<span class=\"_ _0\"></span>ciet<span class=\"_ _1\"></span>\u00e0 <span class=\"_ _211\"> </span>risul<span class=\"_ _1\"></span>ta  in<span class=\"_ _0\"></span>  linea  con <span class=\"_ _211\"> </span>le  in<span class=\"_ _0\"></span>dicazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni  dei <span class=\"_ _211\"> </span>principi<span class=\"_ _4a1\"> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs67f\">contabili <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>iferi<span class=\"_ _1\"></span>mento, <span class=\"_ _6\"></span>nonch<span class=\"_ _0\"></span>\u00e9 <span class=\"_ _6\"></span>tecnicame<span class=\"_ _1\"></span>nte <span class=\"_ _f\"></span>id<span class=\"_ _1\"></span>oneo <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>determinare <span class=\"_ _6\"></span>in <span class=\"_ _f\"> </span>m<span class=\"_ _1\"></span>odo<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ragionevole <span class=\"_ _f\"></span>il<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs680\">valore  d\u2019uso  d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la  CGU  Anim<span class=\"_ _0\"></span>a. <span class=\"_ _f\"> </span>La  m<span class=\"_ _0\"></span>etod<span class=\"_ _1\"></span>ologia  utilizzata  (DCF) <span class=\"_ _211\"> </span>presenta  consolidate  basi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs681\">dottrinali, <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>isulta <span class=\"_ _6\"></span>comunemente<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>adottata <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>prassi <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tativa<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>nel <span class=\"_ _6\"></span>settore <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>eriment<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>e<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs682\">tiene conto delle pr<span class=\"_ _1\"></span>ospettive redditual<span class=\"_ _1\"></span>i e finanziari<span class=\"_ _1\"></span>e della CGU Anima;<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff9 fs2 fc1 sc0 ls0 ws0 gs683\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">i  parametri  valutativi  adottati  risultano  comp<span class=\"_ _1\"></span>resi  in  in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>valli  ragionev<span class=\"_ _1\"></span>olmente  osservabili </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs684\">nell\u2019attuale scenario d<span class=\"_ _1\"></span>i mercato;<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff9 fs2 fc1 sc0 ls0 ws0 gs685\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">gli  am<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>iti  d<span class=\"_ _3\"></span>i  variabilit\u00e0 <span class=\"_ _f\"> </span>considerati  ai <span class=\"_ _f\"> </span>fini  del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>analisi  di <span class=\"_ _f\"> </span>sensitivit\u00e0  a<span class=\"_ _3\"></span>ppaiono  ra<span class=\"_ _1\"></span>gionevoli  e </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs686\">coerenti <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>risultano <span class=\"_ _b\"></span>sostanzialmente <span class=\"_ _0\"></span>allineati <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>quanto <span class=\"_ _b\"></span>mediamente <span class=\"_ _b\"></span>osser<span class=\"_ _1\"></span>vabile <span class=\"_ _b\"></span>sul <span class=\"_ _b\"></span>mercato.<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs687\">Gli <span class=\"_ _f\"> </span>indicato<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>selezionati <span class=\"_ _f\"> </span>pe<span class=\"_ _3\"></span>r <span class=\"_ _f\"> </span>condurre <span class=\"_ _6\"></span>dette <span class=\"_ _6\"></span>analisi <span class=\"_ _f\"> </span>sono <span class=\"_ _5\"></span>q<span class=\"_ _0\"></span>uelli <span class=\"_ _6\"></span>abitualmente <span class=\"_ _6\"></span>utilizzati <span class=\"_ _6\"></span>nell<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs688\">prassi valutativa di r<span class=\"_ _1\"></span>iferimento;<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff9 fs2 fc1 sc0 ls0 ws0 gs689\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">\u00e8 <span class=\"_ _0\"></span>stata <span class=\"_ _b\"></span>riscontrata<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>una <span class=\"_ _b\"></span>sostanziale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>orrettezza <span class=\"_ _0\"></span>matemat<span class=\"_ _1\"></span>ica <span class=\"_ _b\"></span>dei <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>oli<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>effettuati <span class=\"_ _b\"></span>dalla<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Societ\u00e0<span class=\"_ _4a1\"> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs68a\">ai fini della dete<span class=\"_ _1\"></span>rminazione del val<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ecupe<span class=\"_ _1\"></span>rabile della CGU<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Ani<span class=\"_ _1\"></span>ma;<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff9 fs2 fc1 sc0 ls0 ws0 gs68b\"><span class=\"_ _1ea\"> </span><span class=\"ff2\">\u00e8 <span class=\"_ _0\"></span>stato osservato che <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>data di riferimento il f<span class=\"_ _0\"></span>air value <span class=\"_ _0\"></span>impli<span class=\"_ _1\"></span>cito<span class=\"_ _0\"></span> nella quotazione borsistica </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs68c\">del <span class=\"_ _0\"></span>tito<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>An<span class=\"_ _0\"></span>ima <span class=\"_ _0\"></span>risulti <span class=\"_ _0\"></span>superio<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>valore <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabil<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>CGU. <span class=\"_ _0\"></span>Occorre <span class=\"_ _0\"></span>tuttavia <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>iderare<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs68d\">com<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>tale <span class=\"_ _5\"></span>quotazione <span class=\"_ _b\"></span>risulti <span class=\"_ _b\"></span>influenzata <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>all<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a <span class=\"_ _5\"></span>pubblica <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>acquisto <span class=\"_ _5\"></span>p<span class=\"_ _1\"></span>romossa <span class=\"_ _b\"></span>da <span class=\"_ _5\"></span>Banco<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs68e\">BPM Vita e comuni<span class=\"_ _1\"></span>cata al mercato in dat<span class=\"_ _1\"></span>a 6 novem<span class=\"_ _1\"></span>bre 2024; </div><div class=\"t m1 h4 ff9 fs2 fc1 sc0 ls0 ws0 gs68f\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">infine, <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _6\"></span>stato <span class=\"_ _5\"></span>riscontrato <span class=\"_ _5\"></span>che <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>stimato <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>unzio<span class=\"_ _1\"></span>ne <span class=\"_ _6\"></span>del <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>orrispet<span class=\"_ _1\"></span>tivo <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ic<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nosciuto </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs690\">nell\u2019OPA risulti supe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iore al <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alore <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontabile <span class=\"_ _1\"></span>della re<span class=\"_ _1\"></span>lativa CGU. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs691\">Di c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nseguenza, EY <span class=\"_ _0\"></span>Advisory ritiene che <span class=\"_ _0\"></span>il metodo di <span class=\"_ _0\"></span>val<span class=\"_ _1\"></span>utazione adottato <span class=\"_ _0\"></span>dal<span class=\"_ _1\"></span>la <span class=\"_ _0\"></span>Societ\u00e0<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sia adeguato, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs692\">in <span class=\"_ _1\"></span>quanto <span class=\"_ _3\"></span>nel<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span> circostanza <span class=\"_ _3\"></span>ragionevole <span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>non <span class=\"_ _1\"></span>arbitra<span class=\"_ _1\"></span>rio<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>onforme <span class=\"_ _3\"></span>alle in<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cazioni <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>principi <span class=\"_ _3\"></span>contabili </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs693\">di <span class=\"_ _0\"></span>riferime<span class=\"_ _1\"></span>nto <span class=\"_ _0\"></span>e che <span class=\"_ _0\"></span>lo stesso sia <span class=\"_ _0\"></span>stato correttament<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>plicato <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>fini<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>della determinazione del valore </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs694\">d\u2019uso della CGU A<span class=\"_ _1\"></span>nima oggetto di a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>alisi.<span class=\"_ _3\"></span> </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-460": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs6a3\">Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 10 \u2013 Attivit\u00e0 fiscali e passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>iscali <span class=\"_ _3\"></span>\u2013 Voce 100 dell\u2019attivo e Voce <span class=\"_ _0\"></span>60 de<span class=\"_ _1\"></span>l passivo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6a4\">Le at<span class=\"_ _1\"></span>tivit\u00e0 e <span class=\"_ _3\"></span>passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>scal<span class=\"_ _1\"></span>i cor<span class=\"_ _1\"></span>renti accolgon<span class=\"_ _1\"></span>o il sal<span class=\"_ _3\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>etto de<span class=\"_ _3\"></span>lle posizioni <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>cali de<span class=\"_ _1\"></span>lle singole <span class=\"_ _1\"></span>societ\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6a5\">del Gruppo nei conf<span class=\"_ _1\"></span>ronti delle rispetti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e Amm<span class=\"_ _1\"></span>inistraz<span class=\"_ _1\"></span>ioni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziar<span class=\"_ _1\"></span>ie. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6a6\">Si ricorda c<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e la S<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet\u00e0<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ha ade<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o, in qualit\u00e0 di<span class=\"_ _1\"></span> consolidante, al<span class=\"_ _1\"></span> regime d<span class=\"_ _1\"></span>i tassazione <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>gruppo ex a<span class=\"_ _1\"></span>rtt. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6a7\">117 <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>seg.<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>T.U.I.R.<span class=\"_ _3\"></span>  (c<span class=\"_ _1\"></span>osiddetto <span class=\"_ _f\"> </span>\u201c<span class=\"_ _1\"></span>Consolidato <span class=\"_ _6\"></span>fiscale <span class=\"_ _f\"> </span>nazionale\u201d) <span class=\"_ _6\"></span>con <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>contro<span class=\"_ _1\"></span>llate <span class=\"_ _f\"> </span>Anima <span class=\"_ _f\"> </span>SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>e<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6a8\">Anima Alte<span class=\"_ _3\"></span>rn<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>\u201cI<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>ES <span class=\"_ _3\"></span>di Gr<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o\u201d). Per <span class=\"_ _3\"></span>tale <span class=\"_ _1\"></span>moti<span class=\"_ _1\"></span>vo nell<span class=\"_ _1\"></span>o stato<span class=\"_ _3\"></span> patrimoniale <span class=\"_ _3\"></span>vengono <span class=\"_ _3\"></span>rappresentate </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6a9\">nelle \u201cAttivit\u00e0 fiscali cor<span class=\"_ _1\"></span>renti\u201d e/o nelle \u201cPassi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 fi<span class=\"_ _3\"></span>sc<span class=\"_ _0\"></span>ali <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>orrenti\u201d <span class=\"_ _1\"></span>il saldo netto tra gli a<span class=\"_ _1\"></span>cco<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>i versati e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6aa\">le imposte di comp<span class=\"_ _1\"></span>etenza dell\u2019esercizi<span class=\"_ _1\"></span>o in relazione<span class=\"_ _3\"></span> all\u2019<span class=\"_ _0\"></span>IR<span class=\"_ _1\"></span>ES di Gruppo.  </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs6ab\">10.1 Attivit\u00e0 fiscali <span class=\"_ _1\"></span>correnti e antici<span class=\"_ _1\"></span>pate: composizione<span class=\"_ _3\"></span> </div><div class=\"t ma hae ff2 fs3b fc1 sc0 ls0 ws0 gs6ac\">V<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>ce<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>10<span class=\"_ _0\"></span>0 a) \"A<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>ivit<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> fis<span class=\"_ _3\"></span>ca<span class=\"_ _0\"></span>li<span class=\"_ _3\"></span> co<span class=\"_ _1\"></span>rre<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ti\"</div><div class=\"gs6ad\"><table class=\"s w4c8 h390\" id=\"_82bea416-6a49-4c71-832e-5c4c1693e22d\"><tr><td></td><td class=\"c n x5ec y1931 w4c9 h368\"><div class=\"t ma x17f haf y1930 ff3 fs3b fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>24</div></td><td class=\"c n x5ed y1931 w4ca h368\"><div class=\"t ma x17f haf y1930 ff3 fs3b fc1 sc0 ls0 ws0\">31.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>3</div></td></tr><tr><td class=\"c n x1a9 y1899 w4cb h369\"><div class=\"t ma x17f hae y1932 ff2 fs3b fc1 sc0 ls0 ws0\">IRAP</div></td><td class=\"c n x5ee y1899 w4cc h369\"><div class=\"t ma x17f hae y1932 ff2 fs3b fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>657</div></td><td class=\"c n x5ef y1899 w4cc h369\"><div class=\"t ma x17f hae y1932 ff2 fs3b fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>662</div></td></tr><tr><td class=\"c n x1a9 y189a w4cd h369\"><div class=\"t ma x17f hae y1932 ff2 fs3b fc1 sc0 ls0 ws0\">IRES</div></td><td class=\"c n x5ee y189a w4cc h369\"><div class=\"t ma x17f hae y1932 ff2 fs3b fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>729</div></td><td class=\"c n x5f0 y189a w4ce h369\"><div class=\"t ma x17f hae y1932 ff2 fs3b fc1 sc0 ls0 ws0\">583</div></td></tr><tr><td class=\"c n x1a9 y16d8 w4cf h368\"><div class=\"t ma x17f haf y1930 ff3 fs3b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale</div></td><td class=\"c n x5f1 y16d8 w4d0 h368\"><div class=\"t ma x17f haf y1930 ff3 fs3b fc1 sc0 ls0 ws0\">6.3<span class=\"_ _0\"></span>86</div></td><td class=\"c n x5f2 y16d8 w4d1 h368\"><div class=\"t ma x17f haf y1930 ff3 fs3b fc1 sc0 ls0 ws0\">2.2<span class=\"_ _0\"></span>45</div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6ae\">Si ev<span class=\"_ _0\"></span>idenzia che nelle <span class=\"_ _0\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 fiscali c<span class=\"_ _0\"></span>orre<span class=\"_ _1\"></span>nti <span class=\"_ _0\"></span>il saldo <span class=\"_ _0\"></span>IRAP pari a <span class=\"_ _0\"></span>circa Euro <span class=\"_ _0\"></span>1,7 milioni \u00e8 <span class=\"_ _0\"></span>riveniente dal </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6af\">credito <span class=\"_ _18\"> </span>der<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vante <span class=\"_ _1d\"> </span>dalla <span class=\"_ _18\"> </span>differenza <span class=\"_ _18\"> </span>tr<span class=\"_ _0\"></span>a <span class=\"_ _17\"> </span>gl<span class=\"_ _0\"></span>i <span class=\"_ _18\"> </span>acconti <span class=\"_ _18\"> </span>ver<span class=\"_ _0\"></span>sati <span class=\"_ _17\"> </span>(in<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>anni <span class=\"_ _1d\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ece<span class=\"_ _1\"></span>denti) <span class=\"_ _18\"> </span>r<span class=\"_ _0\"></span>ispetto <span class=\"_ _18\"> </span>alla </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6b0\">quantificazione dell\u2019i<span class=\"_ _1\"></span>mposta calcolata sul<span class=\"_ _1\"></span>la base im<span class=\"_ _3\"></span>pon<span class=\"_ _0\"></span>ibile de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019ese<span class=\"_ _1\"></span>rcizio di Kairos S<span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>R. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6b2\">Ai <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>ini<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>IRES, <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>evidenzia <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>saldo <span class=\"_ _f\"> </span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>pra <span class=\"_ _6\"></span>esposto, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rca <span class=\"_ _6\"></span>Euro <span class=\"_ _f\"> </span>4<span class=\"_ _1\"></span>,7 <span class=\"_ _6\"></span>milioni, <span class=\"_ _6\"></span>deriva <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>cred<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6b3\">derivante <span class=\"_ _5\"></span>dagli <span class=\"_ _5\"></span>acconti <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>ersa<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>Kairos <span class=\"_ _5\"></span>SGR <span class=\"_ _6\"></span>(in <span class=\"_ _b\"></span>anni <span class=\"_ _5\"></span>precedenti) <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>netto <span class=\"_ _5\"></span>dell\u2019imposta <span class=\"_ _b\"></span>quantificata </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6b4\">dalla controllata sul<span class=\"_ _1\"></span>la sua base impo<span class=\"_ _1\"></span>nibile dell\u2019eser<span class=\"_ _3\"></span>cizio. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6b5\">Di <span class=\"_ _15\"> </span>seguito <span class=\"_ _1f\"> </span>vengo<span class=\"_ _1\"></span>no <span class=\"_ _15\"> </span>esposti <span class=\"_ _16\"> </span>gli<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>eventi <span class=\"_ _16\"> </span>che <span class=\"_ _15\"> </span>generano <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferenze <span class=\"_ _15\"> </span>temp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rali <span class=\"_ _1f\"> </span>e <span class=\"_ _1f\"> </span>la <span class=\"_ _15\"> </span>relativa <span class=\"_ _16\"> </span>f<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>alit\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6b6\">anticipata. </div><div class=\"gs6b7\"><table class=\"s w4e6 h392\" id=\"_602df422-e793-412f-ae87-5edda43cc917\"><tr><td></td><td class=\"c n x5fe y1940 w4e7 h369\"><div class=\"t mf x17f hb2 y193f ff3 fs3d fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>24</div></td><td class=\"c n x5ff y1940 w4e8 h369\"><div class=\"t mf x17f hb2 y193f ff3 fs3d fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3</div></td></tr><tr><td class=\"c n x1a9 y1942 w4e9 h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">Accant<span class=\"_ _3\"></span>oname<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i a f<span class=\"_ _0\"></span>ondi<span class=\"_ _3\"></span> r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>schi</div></td><td class=\"c n x600 y1942 w4ea h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">7.74<span class=\"_ _0\"></span>1</div></td><td class=\"c n x601 y1942 w4eb h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>76</div></td></tr><tr><td class=\"c n x1a9 y1943 w4ec h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">Af<span class=\"_ _0\"></span>francam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o avviam<span class=\"_ _3\"></span>ent<span class=\"_ _1\"></span>o</div></td><td class=\"c n x602 y1943 w4ed h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">84<span class=\"_ _0\"></span>2</div></td><td class=\"c n x603 y1943 w4ee h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>65<span class=\"_ _0\"></span>5</div></td></tr><tr><td class=\"c n x1a9 y1944 w4ef h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">Af<span class=\"_ _0\"></span>francam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o avviam<span class=\"_ _3\"></span>ent<span class=\"_ _1\"></span>o Cas<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ello SGR</div></td><td class=\"c n x604 y1944 w4f0 h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>3.35<span class=\"_ _0\"></span>7</div></td><td></td></tr><tr><td class=\"c n x1a9 y1945 w4f1 h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">Ammort<span class=\"_ _3\"></span>ame<span class=\"_ _3\"></span>nto ex<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Aper<span class=\"_ _1\"></span>ta SGR <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Alet<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> Gest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>e SG<span class=\"_ _0\"></span>R</div></td><td class=\"c n x605 y1945 w4eb h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">35<span class=\"_ _0\"></span>9</div></td><td class=\"c n x606 y1945 w4eb h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">44<span class=\"_ _0\"></span>3</div></td></tr><tr><td class=\"c n x1a9 y1946 w4f2 h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">Altre</div></td><td class=\"c n x607 y1946 w4ea h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">1.03<span class=\"_ _0\"></span>0</div></td><td class=\"c n x608 y1946 w4eb h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>87</div></td></tr><tr><td class=\"c n x1a9 y16d8 w4f3 h369\"><div class=\"t mf x17f hb2 y193f ff3 fs3d fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e</div></td><td class=\"c n x609 y16d8 w4f4 h369\"><div class=\"t mf x17f hb2 y193f ff3 fs3d fc1 sc0 ls0 ws0\">23<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>32<span class=\"_ _0\"></span>9</div></td><td class=\"c n x60a y16d8 w4f5 h369\"><div class=\"t mf x17f hb2 y193f ff3 fs3d fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>46<span class=\"_ _0\"></span>1</div></td></tr></table></div><div class=\"t m1 hb1 ff2 fs3c fc1 sc0 ls0 ws0 gs6b8\">Le <span class=\"_ _0\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _0\"></span>per imposte <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>nticipate presen<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>no <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>sald<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a circa <span class=\"_ _0\"></span>Eur<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>23,3 <span class=\"_ _0\"></span>mili<span class=\"_ _1\"></span>oni <span class=\"_ _0\"></span>(<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca Euro 4<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span> milioni </div><div class=\"t m1 h4 ff2 fs3c fc1 sc0 ls0 ws0 gs6b9\">al 31 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>2023)<span class=\"fs2\"> e <span class=\"_ _3\"></span>ricompren<span class=\"_ _1\"></span>dono pr<span class=\"_ _1\"></span>incipalmen<span class=\"_ _3\"></span>te (i) le <span class=\"_ _3\"></span>imposte <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferite att<span class=\"_ _1\"></span>ive, p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>circa Euro <span class=\"_ _3\"></span>13,3 </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6ba\">milioni,  rilevate <span class=\"_ _f\"> </span>dalla  So<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0 <span class=\"_ _f\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>seguito  all\u2019ese<span class=\"_ _3\"></span>rcizio  \u2013  effettuato  a<span class=\"_ _3\"></span>  giugno  20<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4  - <span class=\"_ _f\"> </span>  dell\u2019opzi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne  d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6bb\">riallineamento <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _5\"></span>valori <span class=\"_ _f\"> </span>fiscali <span class=\"_ _6\"></span>ai <span class=\"_ _f\"> </span>maggiori <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>alori <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ontabil<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>(\u201cAff<span class=\"_ _0\"></span>ra<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>camento<span class=\"_ _1\"></span>\u201d) <span class=\"_ _f\"> </span>- <span class=\"_ _6\"></span>ai <span class=\"_ _f\"> </span>sensi <span class=\"_ _6\"></span>dell\u2019art. <span class=\"_ _f\"> </span>15, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6bc\">comma <span class=\"_ _15\"> </span>1<span class=\"_ _0\"></span>0, <span class=\"_ _15\"> </span>D.L. <span class=\"_ _d\"> </span>29 <span class=\"_ _15\"> </span>n<span class=\"_ _0\"></span>ovem<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>2008, <span class=\"_ _15\"> </span>n<span class=\"_ _0\"></span>. <span class=\"_ _15\"> </span>185 <span class=\"_ _e\"> </span>- <span class=\"_ _15\"> </span>in <span class=\"_ _15\"> </span>r<span class=\"_ _0\"></span>elazione <span class=\"_ _15\"> </span>al <span class=\"_ _d\"> </span>valore <span class=\"_ _d\"> </span>dell\u2019a<span class=\"_ _1\"></span>vvi<span class=\"_ _0\"></span>ame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>implicito </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6bd\">nell\u2019acquisto <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>partecipazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>Castello <span class=\"_ _f\"> </span>SGR <span class=\"_ _f\"> </span>(al <span class=\"_ _f\"> </span>riguardo <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>rinvia <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>quan<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>evidenziat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>nella </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6be\">sezione <span class=\"_ _f\"> </span>\u201c<span class=\"_ _0\"></span>Fatt<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>di  r<span class=\"_ _1\"></span>ilievo <span class=\"_ _f\"> </span>avv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>nuti <span class=\"_ _f\"> </span>n<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019esercizio  p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r  il <span class=\"_ _f\"> </span>Grupp<span class=\"_ _1\"></span>o  Anima <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"> </span>Riallineamento <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>sensi  D<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>L. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6bf\">185/2008\u201d <span class=\"_ _18\"> </span>della <span class=\"_ _18\"> </span>Rel<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _1d\"> </span>s<span class=\"_ _1\"></span>ulla <span class=\"_ _18\"> </span>g<span class=\"_ _0\"></span>estio<span class=\"_ _1\"></span>ne <span class=\"_ _18\"> </span>consolidata <span class=\"_ _18\"> </span>ch<span class=\"_ _0\"></span>e <span class=\"_ _18\"> </span>accompag<span class=\"_ _1\"></span>na <span class=\"_ _1d\"> </span>il <span class=\"_ _1d\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esente <span class=\"_ _17\"> </span>Bi<span class=\"_ _0\"></span>lan<span class=\"_ _1\"></span>cio </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6c0\">consolidato) <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>(ii) <span class=\"_ _6\"></span>le <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>mposte <span class=\"_ _6\"></span>antipate <span class=\"_ _6\"></span>inserite <span class=\"_ _5\"></span>nella <span class=\"_ _6\"></span>so<span class=\"_ _0\"></span>tto<span class=\"_ _1\"></span>voce <span class=\"_ _6\"></span>\u201caccantonamento<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _f\"> </span>fo<span class=\"_ _1\"></span>ndo <span class=\"_ _f\"> </span>risc<span class=\"_ _1\"></span>hi\u201d <span class=\"_ _6\"></span>per </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6c1\">circa <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>7,7 <span class=\"_ _b\"></span>milioni, <span class=\"_ _0\"></span>correlate <span class=\"_ _b\"></span>allo <span class=\"_ _b\"></span>stanziamento <span class=\"_ _0\"></span>della <span class=\"_ _b\"></span>retribuzione <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iabi<span class=\"_ _1\"></span>le <span class=\"_ _b\"></span>dell\u2019anno <span class=\"_ _b\"></span>accantonata </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6c2\">nella voca \u201c100 - Fo<span class=\"_ _1\"></span>ndi per rischi e one<span class=\"_ _1\"></span>ri\u201d. </div><div class=\"t m22 hb4 ff2 fs3e fc1 sc0 ls0 ws0 gs6c3\">V<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>ce<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>00 b<span class=\"_ _0\"></span>) <span class=\"_ _3\"></span>\"<span class=\"_ _0\"></span>Att<span class=\"_ _1\"></span>ivit\u00e0 fis<span class=\"_ _3\"></span>ca<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i ant<span class=\"_ _3\"></span>ic<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>pate\" (d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> cui<span class=\"_ _3\"></span> a<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>la L.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>14/2011)<span class=\"_ _4a1\"> </span></div><div class=\"gs6c4\"><table class=\"s w4f6 h393\" id=\"_cd741418-575c-4b9e-b7c2-a4005c437d7f\"><tr><td></td><td class=\"c n x60b y1948 w4f7 h35a\"><div class=\"t m22 x17f hb5 y1947 ff3 fs3e fc1 sc0 ls0 ws0\">31.12<span class=\"_ _0\"></span>.202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x60c y1948 w4f8 h35a\"><div class=\"t m22 x17f hb5 y1947 ff3 fs3e fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y194a w4f9 h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>ff<span class=\"_ _0\"></span>rancamento<span class=\"_ _3\"></span> avv<span class=\"_ _0\"></span>iament<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x60d y194a w4fa h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">842<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x60e y194a w4fb h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">990<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y194b w4fc h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>mmo<span class=\"_ _1\"></span>rtame<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>ex<span class=\"_ _0\"></span> Apert<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _3\"></span>GR e Alett<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> Ge<span class=\"_ _3\"></span>stiel<span class=\"_ _3\"></span>le SG<span class=\"_ _1\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x60f y194b w4fb h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">359<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x610 y194b w4fd h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">443<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y194c w4fe h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>re<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x611 y194c w4ff h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">37<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x612 y194c w500 h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">44<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w501 h35a\"><div class=\"t m22 x17f hb5 y1947 ff3 fs3e fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x613 y16d8 w502 h35a\"><div class=\"t m22 x17f hb5 y1947 ff3 fs3e fc1 sc0 ls0 ws0\">1.238<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x614 y16d8 w502 h35a\"><div class=\"t m22 x17f hb5 y1947 ff3 fs3e fc1 sc0 ls0 ws0\">1.477<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs6c5\">10.2 Passivit\u00e0 fiscali<span class=\"_ _1\"></span> correnti e differ<span class=\"_ _1\"></span>ite: composizion<span class=\"_ _1\"></span>e </div><div class=\"t m6 hb6 ff2 fs3f fc1 sc0 ls0 ws0 gs6c6\">Voce 60 a) \"Pass<span class=\"_ _3\"></span>ivit\u00e0 fis<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ali<span class=\"_ _3\"></span> corrent<span class=\"_ _3\"></span>i\"<span class=\"_ _4a1\"> </span></div><div class=\"gs6c7\"><table class=\"s w503 h394\" id=\"_9e15e3af-75dc-4dbb-82f2-9ea01f3cd009\"><tr><td></td><td class=\"c n x615 y194e w504 h372\"><div class=\"t m6 x17f hb7 y194d ff3 fs3f fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x616 y194e w505 h372\"><div class=\"t m6 x17f hb7 y194d ff3 fs3f fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y194f w506 h33a\"><div class=\"t m6 x17f hb6 y1890 ff2 fs3f fc1 sc0 ls0 ws0\">IRAP<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x617 y194f w507 h33a\"><div class=\"t m6 x17f hb6 y1890 ff2 fs3f fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>.38<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x618 y194f w19d h33a\"><div class=\"t m6 x17f hb6 y1890 ff2 fs3f fc1 sc0 ls0 ws0\">633<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1950 w508 h33a\"><div class=\"t m6 x17f hb6 y1890 ff2 fs3f fc1 sc0 ls0 ws0\">IRES<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x619 y1950 w509 h33a\"><div class=\"t m6 x17f hb6 y1890 ff2 fs3f fc1 sc0 ls0 ws0\">27.<span class=\"_ _0\"></span>922<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x61a y1950 w50a h33a\"><div class=\"t m6 x17f hb6 y1890 ff2 fs3f fc1 sc0 ls0 ws0\">5.8<span class=\"_ _0\"></span>21<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w50b h372\"><div class=\"t m6 x17f hb7 y194d ff3 fs3f fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x61b y16d8 w50c h372\"><div class=\"t m6 x17f hb7 y194d ff3 fs3f fc1 sc0 ls0 ws0\">38<span class=\"_ _0\"></span>.309<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x61c y16d8 w50d h372\"><div class=\"t m6 x17f hb7 y194d ff3 fs3f fc1 sc0 ls0 ws0\">6.454<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6c8\">Si <span class=\"_ _6\"></span>ev<span class=\"_ _0\"></span>ide<span class=\"_ _1\"></span>nzia <span class=\"_ _f\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _f\"> </span>nelle <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>fiscali <span class=\"_ _f\"> </span>co<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>renti <span class=\"_ _6\"></span>il <span class=\"_ _f\"> </span>sa<span class=\"_ _1\"></span>ldo <span class=\"_ _f\"> </span>IRAP <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>pra <span class=\"_ _6\"></span>riportato, <span class=\"_ _6\"></span>pari <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>circa <span class=\"_ _6\"></span>E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro <span class=\"_ _6\"></span>1<span class=\"_ _0\"></span>0,4<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6c9\">milioni, \u00e8 <span class=\"_ _3\"></span>riveniente <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Societ\u00e0 <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rca <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>3,9 <span class=\"_ _3\"></span>mil<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>oni, da <span class=\"_ _3\"></span>Anima S<span class=\"_ _3\"></span>GR pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>circa <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>6,4 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>da </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6ca\">Anima Alternative p<span class=\"_ _1\"></span>er circa Euro 82 m<span class=\"_ _1\"></span>ila e da Caste<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>lo SGR per <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1\"></span>Euro 26 mila.<span class=\"_ _4a1\"> </span>  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6cc\">Ai fini <span class=\"_ _3\"></span>IR<span class=\"_ _0\"></span>ES, <span class=\"_ _3\"></span>si ev<span class=\"_ _1\"></span>idenzia <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>il saldo <span class=\"_ _1\"></span>sopra <span class=\"_ _3\"></span>esposto, pa<span class=\"_ _1\"></span>ri a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca E<span class=\"_ _3\"></span>uro 27,9 <span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ioni, <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eriva <span class=\"_ _3\"></span>principalmente </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6cd\">dal <span class=\"_ _0\"></span>debito per <span class=\"_ _0\"></span>l\u2019IRES d<span class=\"_ _0\"></span>i Gruppo <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>circa Euro <span class=\"_ _0\"></span>27,2 milion<span class=\"_ _0\"></span>i e <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>bito <span class=\"_ _0\"></span>IRES di<span class=\"_ _0\"></span> Castello <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>per circa </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6ce\">Euro 0,7 milioni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6cf\">Di seguito ven<span class=\"_ _1\"></span>gono esposti gli e<span class=\"_ _1\"></span>venti che gene<span class=\"_ _1\"></span>rano differenze te<span class=\"_ _1\"></span>mporali e la relati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a fiscal<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t\u00e0 di<span class=\"_ _1\"></span>fferi<span class=\"_ _0\"></span>ta.<span class=\"_ _3\"></span> </div><div class=\"t m23 hb9 ff2 fs40 fc1 sc0 ls0 ws0 gs6d0\">Voce 60 <span class=\"_ _0\"></span>b) \"Passivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _0\"></span>fiscali di<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rite<span class=\"_ _3\"></span>\"<span class=\"_ _4a1\"> </span></div><div class=\"gs6d1\"><table class=\"s w50e h395\" id=\"_dc2dc3e0-983c-4d4a-9e8a-b6fc9c53f89a\"><tr><td></td><td class=\"c n x61e y1951 w50f h36d\"><div class=\"t m23 x17f hba y16c6 ff3 fs40 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x61f y1951 w50f h36d\"><div class=\"t m23 x17f hba y16c6 ff3 fs40 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1953 w510 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">Avviame<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x620 y1953 w511 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>.595<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x621 y1953 w512 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>.271<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1954 w513 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">Attiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 imm<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>eri<span class=\"_ _1\"></span>ali per P<span class=\"_ _1\"></span>PA<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x622 y1954 w514 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">65<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>68<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x623 y1954 w515 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>4.05<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1955 w516 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">Azioni MPS<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x624 y1955 w511 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">1.18<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x625 y1955 w517 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1956 w518 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">Altre<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x626 y1956 w519 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">68<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x627 y1956 w51a h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w51b h36d\"><div class=\"t m23 x17f hba y16c6 ff3 fs40 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x628 y16d8 w51c h36d\"><div class=\"t m23 x17f hba y16c6 ff3 fs40 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>4.5<span class=\"_ _0\"></span>31<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x629 y16d8 w51d h36d\"><div class=\"t m23 x17f hba y16c6 ff3 fs40 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>1.3<span class=\"_ _0\"></span>95<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6d2\">Le <span class=\"_ _b\"></span>passivit\u00e0 <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>imposte <span class=\"_ _0\"></span>differite <span class=\"_ _b\"></span>presentano <span class=\"_ _0\"></span>un <span class=\"_ _b\"></span>saldo <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>Euro <span class=\"_ _b\"></span>74,5 <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ilio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>(circa <span class=\"_ _b\"></span>Euro <span class=\"_ _0\"></span>81<span class=\"_ _0\"></span>,4 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6d3\">milioni <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>1 d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cembre <span class=\"_ _0\"></span>2023) <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ricomprendono <span class=\"_ _0\"></span>pri<span class=\"_ _1\"></span>nci<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>lmente <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>imposte <span class=\"_ _0\"></span>differite <span class=\"_ _0\"></span>passive r<span class=\"_ _0\"></span>esidue </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6d4\">rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ite<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span>tan<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ibili<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>ita <span class=\"_ _b\"></span>util<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>definita <span class=\"_ _6\"></span>individuate <span class=\"_ _b\"></span>nei <span class=\"_ _6\"></span>processi<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>PPA <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>elazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>all<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6d5\">diverse <span class=\"_ _6\"></span>aggregazio<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>aziendali <span class=\"_ _6\"></span>effettuate <span class=\"_ _5\"></span>dal <span class=\"_ _6\"></span>Gruppo <span class=\"_ _5\"></span>(si <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nvia <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>qu<span class=\"_ _0\"></span>anto <span class=\"_ _5\"></span>illustrato <span class=\"_ _5\"></span>nell<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>Sezione <span class=\"_ _5\"></span>9 <span class=\"_ _6\"></span>\u2013 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6d6\">Attivit\u00e0  immaterial<span class=\"_ _1\"></span>i  \u2013  Voce<span class=\"_ _1\"></span>  90  della  p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esente<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>Nota  Integrativa  pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  il <span class=\"_ _f\"> </span>dettaglio  delle  ag<span class=\"_ _1\"></span>gregazioni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6d7\">effettuate) e (ii)  la fiscalit\u00e0 differita IRES q<span class=\"_ _1\"></span>uantifica<span class=\"_ _1\"></span>ta sul delta fair value positivo delle azioni di BMPS </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6d8\">in <span class=\"_ _6\"></span>portafoglio, <span class=\"_ _b\"></span>valorizzate <span class=\"_ _5\"></span>dall<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>S<span class=\"_ _1\"></span>ociet\u00e0 <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>voce <span class=\"_ _b\"></span>\u201c3<span class=\"_ _0\"></span>0. <span class=\"_ _5\"></span>Attivit\u00e0 <span class=\"_ _5\"></span>finanziarie <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alutate <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>con </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6d9\">impatto sulla redditi<span class=\"_ _1\"></span>vit\u00e0 complessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a\u201d. </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs6da\">10.3 Variazioni de<span class=\"_ _1\"></span>lle imposte anticipate <span class=\"_ _1\"></span>(in controparti<span class=\"_ _3\"></span>ta del conto economico) </div><div class=\"gs6db\"><table class=\"s w51e h396\" id=\"_3d9c9297-b256-4fb5-954e-b59002972b36\"><tr><td></td><td class=\"c n x62a y1958 w51f h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x62b y1958 w51f h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1959 w520 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">1. Esistenze in<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>ali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x62c y1959 w521 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x62d y1959 w522 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">7.287<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y195a w523 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">2. Aument<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x62e y195a w524 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>185<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x62f y195a w525 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">625<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y195b w526 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>1 <span class=\"_ _3\"></span>Impos<span class=\"_ _3\"></span>te an<span class=\"_ _1\"></span>ti<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ip<span class=\"_ _3\"></span>ate<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>lev<span class=\"_ _0\"></span>ate n<span class=\"_ _3\"></span>ell<span class=\"_ _1\"></span>'esercizio<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x630 y195b w527 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">21.<span class=\"_ _0\"></span>537<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x631 y195b w528 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">23<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x632 y195c w529 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">a<span class=\"_ _0\"></span>) r<span class=\"_ _1\"></span>elative a p<span class=\"_ _1\"></span>rece<span class=\"_ _0\"></span>denti<span class=\"_ _3\"></span> es<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>ci<span class=\"_ _1\"></span>zi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x633 y195c w52a h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x634 y195c w52b h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">16<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x632 y195d w52c h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">d<span class=\"_ _0\"></span>) alt<span class=\"_ _3\"></span>re<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x635 y195d w52d h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">21.<span class=\"_ _0\"></span>537<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x636 y195d w525 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">221<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y195e w52e h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>2 <span class=\"_ _3\"></span>N<span class=\"_ _0\"></span>uo<span class=\"_ _3\"></span>ve imp<span class=\"_ _1\"></span>os<span class=\"_ _3\"></span>te o <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ncrem<span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> di aliquo<span class=\"_ _3\"></span>te fi<span class=\"_ _1\"></span>scali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x637 y195e w52a h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y195f w52f h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>3 <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>ltri<span class=\"_ _1\"></span> aumen<span class=\"_ _1\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x638 y195f w530 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">1.648<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x639 y195f w525 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">388<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1960 w531 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">3. Di<span class=\"_ _0\"></span>minu<span class=\"_ _0\"></span>zion<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x63a y1960 w532 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _0\"></span>11<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x63b y1960 w522 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">3.451<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1961 w533 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>1 <span class=\"_ _3\"></span>Impos<span class=\"_ _3\"></span>te an<span class=\"_ _1\"></span>ti<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ip<span class=\"_ _3\"></span>ate<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nn<span class=\"_ _3\"></span>ul<span class=\"_ _3\"></span>la<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e n<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>l'eserci<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x63c y1961 w534 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>311<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x63d y1961 w534 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>451<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x632 y1962 w535 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">a<span class=\"_ _0\"></span>) r<span class=\"_ _1\"></span>igiri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x63e y1962 w534 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>311<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x63f y1962 w534 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>451<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1963 w536 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>2 <span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>uzio<span class=\"_ _3\"></span>ne di <span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>li<span class=\"_ _3\"></span>quot<span class=\"_ _3\"></span>e f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ca<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x640 y1963 w537 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1964 w538 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>3 <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>ltre dimi<span class=\"_ _3\"></span>nuzi<span class=\"_ _3\"></span>oni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x641 y1964 w52a h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w539 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">4. I<span class=\"_ _1\"></span>mpo<span class=\"_ _0\"></span>rto<span class=\"_ _0\"></span> fina<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x642 y16d8 w524 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>335<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x643 y16d8 w521 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6dc\">L\u2019incremento del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>sottovoce \u201c<span class=\"_ _1\"></span>2.1 Imp<span class=\"_ _1\"></span>oste anti<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipate <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ilevate <span class=\"_ _3\"></span>nell\u2019esercizio - <span class=\"_ _3\"></span>d) altre<span class=\"_ _1\"></span>\u201d \u00e8 <span class=\"_ _3\"></span>princ<span class=\"_ _0\"></span>ipal<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs37\">rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>all\u2019i<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>crizione <span class=\"_ _f\"> </span>delle <span class=\"_ _6\"></span>imposte <span class=\"_ _6\"></span>di<span class=\"_ _0\"></span>ffe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ite <span class=\"_ _6\"></span>attive <span class=\"_ _6\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ate <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>seguito <span class=\"_ _f\"> </span>(i) <span class=\"_ _6\"></span>all\u2019Affrancamento <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>(ii) <span class=\"_ _f\"></span>agl<span class=\"_ _1\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6dd\">oneri <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>munerazione <span class=\"_ _b\"></span>variabile <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>personale <span class=\"_ _b\"></span>accanton<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>dal <span class=\"_ _5\"></span>Gruppo, <span class=\"_ _5\"></span>entrambi <span class=\"_ _b\"></span>precedentemente<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6de\">illustrati. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6df\">Non  vi <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>valori  isc<span class=\"_ _1\"></span>ritti  t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>le  attivit\u00e0<span class=\"_ _1\"></span>  relati<span class=\"_ _1\"></span>ve <span class=\"_ _f\"> </span>ad  imposte  a<span class=\"_ _3\"></span>nticipate <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>erivanti <span class=\"_ _f\"> </span>da  perdite <span class=\"_ _f\"> </span>fiscali </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6e0\">riportabili ad ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizi suc<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>con esclusi<span class=\"_ _1\"></span>one di q<span class=\"_ _1\"></span>uelle rilevate il 31<span class=\"_ _1\"></span> dicembre 20<span class=\"_ _1\"></span>24, suo primo a<span class=\"_ _1\"></span>nno </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6e1\">di attivit\u00e0, dalla soc<span class=\"_ _1\"></span>iet\u00e0 controllata<span class=\"_ _1\"></span> indiretta Vita Sr<span class=\"_ _1\"></span>l per circa Euro 93 migl<span class=\"_ _1\"></span>iaia. </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs6e3\">10.3.1 Variazion<span class=\"_ _1\"></span>i delle imposte anticipate di<span class=\"_ _1\"></span> cui alla <span class=\"_ _1\"></span>L. 214/2011 (in con<span class=\"_ _1\"></span>tropartita del con<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o econo<span class=\"_ _3\"></span>mico) </div><div class=\"gs6e4\"><table class=\"s w53a h397\" id=\"_aafda9a0-61e1-49f8-bb3f-611a579761c8\"><tr><td></td><td class=\"c n x644 y1966 w53b h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x645 y1966 w53c h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">31.1<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>.20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1967 w53d h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">1. E<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>enz<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>niz<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x646 y1967 w53e h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">1.47<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x647 y1967 w53e h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.716<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1968 w53f h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">2. Aument<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x648 y1968 w540 h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x649 y1968 w540 h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1969 w541 h33d\"><div class=\"t m25 x17f hbd y1965 ff2 fs42 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>3 Altri<span class=\"_ _3\"></span> aument<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x64a y1969 w542 h33d\"><div class=\"t m25 x17f hbd y1965 ff2 fs42 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x64b y1969 w540 h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y196a w543 h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">3. D<span class=\"_ _0\"></span>iminu<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x64c y196a w544 h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">239<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x64d y196a w545 h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>39<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y196c w546 h33d\"><div class=\"t m25 x17f hbe y196b ff2 fs42 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>1 Ri<span class=\"_ _1\"></span>giri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x64e y196c w547 h33d\"><div class=\"t m25 x17f hbe y196b ff2 fs42 fc1 sc0 ls0 ws0\">239<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x64f y196c w547 h33d\"><div class=\"t m25 x17f hbe y196b ff2 fs42 fc1 sc0 ls0 ws0\">239<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m25 x41c hbe y196d ff2 fs42 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>2 T<span class=\"_ _1\"></span>ra<span class=\"_ _0\"></span>sfo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>maz<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>ne i<span class=\"_ _3\"></span>n cred<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti d'imp<span class=\"_ _3\"></span>osta<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"t m25 x41c hbe y196e ff2 fs42 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>3 Altre <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>imi<span class=\"_ _1\"></span>nu<span class=\"_ _3\"></span>zion<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w548 h356\"><div class=\"t m25 x17f hbd y1822 ff3 fs42 fc1 sc0 ls0 ws0\">4. Im<span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x650 y16d8 w549 h356\"><div class=\"t m25 x17f hbd y1822 ff3 fs42 fc1 sc0 ls0 ws0\">1.238<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x651 y16d8 w54a h356\"><div class=\"t m25 x17f hbd y1822 ff3 fs42 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>477<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs6e5\">10.4 Variazioni de<span class=\"_ _1\"></span>lle imposte differite (in con<span class=\"_ _3\"></span>tropartita del conto eco<span class=\"_ _1\"></span>nomico)<span class=\"_ _1\"></span> </div><div class=\"gs6e6\"><table class=\"s w54b h398\" id=\"_e6366647-bc6f-4994-9e73-e6e9417720ca\"><tr><td></td><td class=\"t m26 x653 hbf y196f ff3 fs43 fc1 sc0 ls0 ws0\">31<span class=\"_ _3\"></span>.12.<span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></td><td class=\"t m26 x654 hbf y1970 ff3 fs43 fc1 sc0 ls0 ws0\">31<span class=\"_ _3\"></span>.12.<span class=\"_ _3\"></span>202<span class=\"_ _1\"></span>3<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1972 w54c h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1.<span class=\"_ _1\"></span> E<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>iste<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ze<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x655 y1972 w54d h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">81<span class=\"_ _3\"></span>.379<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x656 y1972 w54e h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">86<span class=\"_ _3\"></span>.38<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1973 w54f h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">2.<span class=\"_ _1\"></span> Aumenti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x657 y1973 w550 h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">3<span class=\"_ _3\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x658 y1973 w551 h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">2<span class=\"_ _3\"></span>.96<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1975 w552 h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _3\"></span> I<span class=\"_ _0\"></span>mposte diffe<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span>lev<span class=\"_ _3\"></span>at<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>nell'eser<span class=\"_ _3\"></span>cizio<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x659 y1975 w550 h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">32<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x65a y1975 w553 h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">2<span class=\"_ _3\"></span>.96<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x65b y1976 w554 h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">c<span class=\"_ _3\"></span>) altre<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x65c y1976 w550 h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">32<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x65d y1976 w555 h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">2<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>96<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m26 x65e hc0 y1977 ff2 fs43 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _3\"></span> N<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ove <span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>post<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> o inc<span class=\"_ _3\"></span>rementi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ali<span class=\"_ _0\"></span>quot<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>fiscali<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"t m26 x65e hc0 y1978 ff2 fs43 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _3\"></span> Altri aumenti<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1979 w556 h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">3.<span class=\"_ _1\"></span> D<span class=\"_ _1\"></span>iminu<span class=\"_ _3\"></span>zi<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x65f y1979 w557 h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">8.<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x660 y1979 w558 h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">7.9<span class=\"_ _1\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y197a w559 h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _3\"></span> I<span class=\"_ _0\"></span>mposte diffe<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>annull<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>nell<span class=\"_ _0\"></span>'e<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>zio<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x661 y197a w55a h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">8.3<span class=\"_ _1\"></span>74<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x662 y197a w555 h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">7<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>97<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x65b y197b w55b h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">a<span class=\"_ _1\"></span>) <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>giri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x663 y197b w55c h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">8<span class=\"_ _1\"></span>.37<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x664 y197b w55d h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">7<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>97<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m26 x65e hc0 y197c ff2 fs43 fc1 sc0 ls0 ws0\">3.2<span class=\"_ _3\"></span> Ri<span class=\"_ _0\"></span>duzione <span class=\"_ _3\"></span>di ali<span class=\"_ _0\"></span>quote <span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>sca<span class=\"_ _1\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"t m26 x65e hc0 y197d ff2 fs43 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _3\"></span> Altre <span class=\"_ _1\"></span>dimi<span class=\"_ _0\"></span>nuzioni<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w55e h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">4.<span class=\"_ _1\"></span> Impor<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>finale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x665 y16d8 w54d h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">73.3<span class=\"_ _3\"></span>29<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x666 y16d8 w55f h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">81<span class=\"_ _3\"></span>.37<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6e7\">Nella  sottov<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ce  \u201c<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>. <span class=\"_ _f\"> </span>Diminuzioni  \u2013 <span class=\"_ _f\"> </span>a)  rigiri\u201d <span class=\"_ _f\"> </span>\u00e8  evid<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>ziato <span class=\"_ _f\"> </span>lo<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>scarico  dele <span class=\"_ _f\"> </span>imposte  d<span class=\"_ _3\"></span>iffer<span class=\"_ _0\"></span>ite  p<span class=\"_ _3\"></span>assive </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6e8\">dell\u2019esercizio <span class=\"_ _5\"></span>riferite <span class=\"_ _6\"></span>alle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _6\"></span>intangibili <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>vita <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>tile <span class=\"_ _5\"></span>definita <span class=\"_ _5\"></span>individuate <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>ei <span class=\"_ _5\"></span>processi <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>PPA <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6e9\">relazione alle diverse a<span class=\"_ _3\"></span>ggreg<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni az<span class=\"_ _1\"></span>iendali effettua<span class=\"_ _1\"></span>te dal Gruppo.<span class=\"ff5\"> </span></div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs6ea\">10.5 Variazioni de<span class=\"_ _1\"></span>lle imposte anticipate <span class=\"_ _1\"></span>(in controparti<span class=\"_ _3\"></span>ta del patrimonio netto) </div><div class=\"gs6eb\"><table class=\"s w560 h399\" id=\"_47814d24-cb29-4d84-a3b2-b6759f4ef65c\"><tr><td></td><td class=\"c n x667 y197f w561 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">31.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x668 y197f w562 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">3<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.2023<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1980 w563 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Esisten<span class=\"_ _0\"></span>ze<span class=\"_ _1\"></span> in<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>ali<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x669 y1980 w564 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x66a y1980 w565 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1981 w566 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Aumenti<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x66b y1981 w567 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1982 w568 h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>1 I<span class=\"_ _1\"></span>mpo<span class=\"_ _3\"></span>ste <span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>icip<span class=\"_ _1\"></span>ate ril<span class=\"_ _3\"></span>ev<span class=\"_ _0\"></span>ate n<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l'esercizio<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x66c y1982 w569 h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x66d y1982 w569 h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m27 x34d hc2 y1983 ff2 fs44 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>2 Nuo<span class=\"_ _3\"></span>ve impo<span class=\"_ _3\"></span>ste <span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>incrementi<span class=\"_ _3\"></span> di ali<span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>uo<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>e fiscali<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1984 w56a h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>3 Altri<span class=\"_ _1\"></span> aumen<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x66e y1984 w569 h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x66f y1984 w56b h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1985 w56c h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Di<span class=\"_ _0\"></span>minu<span class=\"_ _0\"></span>zion<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x670 y1985 w564 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x671 y1985 w565 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1986 w56d h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>1 I<span class=\"_ _1\"></span>mpo<span class=\"_ _3\"></span>ste <span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>icip<span class=\"_ _1\"></span>ate ann<span class=\"_ _3\"></span>ull<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e n<span class=\"_ _1\"></span>ell'es<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>cizi<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x672 y1986 w56b h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x673 y1986 w569 h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x674 y1987 w56e h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc1 sc0 ls0 ws0\">a) rigi<span class=\"_ _1\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x675 y1987 w56b h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x676 y1987 w56f h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m27 x34d hc2 y1988 ff2 fs44 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>2 Ri<span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span> di aliqu<span class=\"_ _3\"></span>ote fis<span class=\"_ _3\"></span>ca<span class=\"_ _0\"></span>li<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m27 x34d hc2 y1989 ff2 fs44 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>3 Altre <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>imin<span class=\"_ _3\"></span>uzio<span class=\"_ _1\"></span>ni<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w570 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Import<span class=\"_ _0\"></span>o fin<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x677 y16d8 w571 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x678 y16d8 w56b h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs6ed\">10.6 Variazioni de<span class=\"_ _1\"></span>lle imposte differite (in con<span class=\"_ _3\"></span>tropartita del patrimo<span class=\"_ _1\"></span>nio netto)<span class=\"_ _1\"></span> </div><div class=\"gs6ee\"><table class=\"s w572 h39a\" id=\"_78cf292a-ea48-4d18-92f4-18a4b076c8de\"><tr><td></td><td class=\"c n x679 y198a w573 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">31<span class=\"_ _3\"></span>.12.<span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x67a y198a w574 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">31.1<span class=\"_ _3\"></span>2.2<span class=\"_ _1\"></span>02<span class=\"_ _3\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y198b w575 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1.<span class=\"_ _1\"></span> E<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>iste<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ze<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ini<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x67b y198b w576 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x67c y198b w577 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y198c w578 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">2.<span class=\"_ _1\"></span> Aumenti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x67d y198c w577 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x67e y198c w579 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>39<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y198d w57a h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _3\"></span> I<span class=\"_ _0\"></span>mposte diffe<span class=\"_ _1\"></span>rite <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>levate<span class=\"_ _3\"></span> nell'ese<span class=\"_ _1\"></span>rcizio<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x67f y198d w57b h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>.18<span class=\"_ _3\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x680 y198d w579 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>39<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x681 y198e w57c h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">c<span class=\"_ _3\"></span>) altre<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x682 y198e w57d h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x680 y198e w579 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>39<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y198f w57e h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _3\"></span> N<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ove <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mposte o <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nc<span class=\"_ _1\"></span>reme<span class=\"_ _1\"></span>nti di ali<span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uot<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> fiscali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x683 y198f w57f h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x684 y198f w580 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1990 w581 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _3\"></span> Altri aumenti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x685 y1990 w57f h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x686 y1990 w580 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1991 w582 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">3.<span class=\"_ _1\"></span> D<span class=\"_ _1\"></span>iminu<span class=\"_ _3\"></span>zioni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x687 y1991 w583 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _1\"></span>2<span class=\"_ _3\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1992 w584 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _3\"></span> I<span class=\"_ _0\"></span>mposte diffe<span class=\"_ _1\"></span>rite <span class=\"_ _3\"></span>an<span class=\"_ _0\"></span>nullat<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> ne<span class=\"_ _1\"></span>l<span class=\"_ _0\"></span>l'ese<span class=\"_ _3\"></span>rcizio<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x688 y1992 w57f h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x689 y1992 w585 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">1.52<span class=\"_ _3\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x681 y1993 w586 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">a<span class=\"_ _1\"></span>) <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>giri<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x68a y1993 w587 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>52<span class=\"_ _3\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1994 w588 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">3.2<span class=\"_ _3\"></span> Ri<span class=\"_ _0\"></span>duzione <span class=\"_ _3\"></span>di al<span class=\"_ _0\"></span>iquote <span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>scali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x68b y1994 w57f h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x68c y1994 w57f h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1995 w589 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _3\"></span> Altre <span class=\"_ _1\"></span>dimi<span class=\"_ _0\"></span>nuzioni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x68d y1995 w57f h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x686 y1995 w580 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w58a h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">4.<span class=\"_ _1\"></span> Impor<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>finale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x68e y16d8 w58b h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>20<span class=\"_ _3\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x68f y16d8 w576 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6ef\">La voce \u201c2<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>1 Imposte differite rilevate nell<span class=\"_ _1\"></span>\u2019esercizio<span class=\"_ _1\"></span> - c<span class=\"_ _0\"></span>) altre\u201d si riferisce alla rilevazi<span class=\"_ _1\"></span>one d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e imp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ste </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6f0\">differite iscritte i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>elazio<span class=\"_ _1\"></span>ne alla va<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iazione p<span class=\"_ _3\"></span>osi<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>fair value <span class=\"_ _1\"></span>registrata <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>rcizio delle azioni d<span class=\"_ _3\"></span>i  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6f1\">BMPS detenute in p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtafogli<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> dalla S<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet\u00e0.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-32": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 10 \u2013 Attivit\u00e0 fiscali e passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>iscali <span class=\"_ _3\"></span>\u2013 Voce 100 dell\u2019attivo e Voce <span class=\"_ _0\"></span>60 de<span class=\"_ _1\"></span>l passivo Le at<span class=\"_ _1\"></span>tivit\u00e0 e <span class=\"_ _3\"></span>passivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>scal<span class=\"_ _1\"></span>i cor<span class=\"_ _1\"></span>renti accolgon<span class=\"_ _1\"></span>o il sal<span class=\"_ _3\"></span>do<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>etto de<span class=\"_ _3\"></span>lle posizioni <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>cali de<span class=\"_ _1\"></span>lle singole <span class=\"_ _1\"></span>societ\u00e0 del Gruppo nei conf<span class=\"_ _1\"></span>ronti delle rispetti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e Amm<span class=\"_ _1\"></span>inistraz<span class=\"_ _1\"></span>ioni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziar<span class=\"_ _1\"></span>ie. Si ricorda c<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>e la S<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet\u00e0<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ha ade<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>o, in qualit\u00e0 di<span class=\"_ _1\"></span> consolidante, al<span class=\"_ _1\"></span> regime d<span class=\"_ _1\"></span>i tassazione <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>gruppo ex a<span class=\"_ _1\"></span>rtt. 117 <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>seg.<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>T.U.I.R.<span class=\"_ _3\"></span>  (c<span class=\"_ _1\"></span>osiddetto <span class=\"_ _f\"> </span>\u201c<span class=\"_ _1\"></span>Consolidato <span class=\"_ _6\"></span>fiscale <span class=\"_ _f\"> </span>nazionale\u201d) <span class=\"_ _6\"></span>con <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>contro<span class=\"_ _1\"></span>llate <span class=\"_ _f\"> </span>Anima <span class=\"_ _f\"> </span>SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>e<span class=\"_ _1\"></span> Anima Alte<span class=\"_ _3\"></span>rn<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>\u201cI<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>ES <span class=\"_ _3\"></span>di Gr<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o\u201d). Per <span class=\"_ _3\"></span>tale <span class=\"_ _1\"></span>moti<span class=\"_ _1\"></span>vo nell<span class=\"_ _1\"></span>o stato<span class=\"_ _3\"></span> patrimoniale <span class=\"_ _3\"></span>vengono <span class=\"_ _3\"></span>rappresentate nelle \u201cAttivit\u00e0 fiscali cor<span class=\"_ _1\"></span>renti\u201d e/o nelle \u201cPassi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 fi<span class=\"_ _3\"></span>sc<span class=\"_ _0\"></span>ali <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>orrenti\u201d <span class=\"_ _1\"></span>il saldo netto tra gli a<span class=\"_ _1\"></span>cco<span class=\"_ _0\"></span>nt<span class=\"_ _1\"></span>i versati e le imposte di comp<span class=\"_ _1\"></span>etenza dell\u2019esercizi<span class=\"_ _1\"></span>o in relazione<span class=\"_ _3\"></span> all\u2019<span class=\"_ _0\"></span>IR<span class=\"_ _1\"></span>ES di Gruppo.  10.1 Attivit\u00e0 fiscali <span class=\"_ _1\"></span>correnti e antici<span class=\"_ _1\"></span>pate: composizione<span class=\"_ _3\"></span> V<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>ce<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>10<span class=\"_ _0\"></span>0 a) \"A<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>ivit<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> fis<span class=\"_ _3\"></span>ca<span class=\"_ _0\"></span>li<span class=\"_ _3\"></span> co<span class=\"_ _1\"></span>rre<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ti\"<table class=\"s w4c8 h390\" id=\"_82bea416-6a49-4c71-832e-5c4c1693e22d\"><tr><td></td><td class=\"c n x5ec y1931 w4c9 h368\"><div class=\"t ma x17f haf y1930 ff3 fs3b fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>24</div></td><td class=\"c n x5ed y1931 w4ca h368\"><div class=\"t ma x17f haf y1930 ff3 fs3b fc1 sc0 ls0 ws0\">31.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>3</div></td></tr><tr><td class=\"c n x1a9 y1899 w4cb h369\"><div class=\"t ma x17f hae y1932 ff2 fs3b fc1 sc0 ls0 ws0\">IRAP</div></td><td class=\"c n x5ee y1899 w4cc h369\"><div class=\"t ma x17f hae y1932 ff2 fs3b fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>657</div></td><td class=\"c n x5ef y1899 w4cc h369\"><div class=\"t ma x17f hae y1932 ff2 fs3b fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>662</div></td></tr><tr><td class=\"c n x1a9 y189a w4cd h369\"><div class=\"t ma x17f hae y1932 ff2 fs3b fc1 sc0 ls0 ws0\">IRES</div></td><td class=\"c n x5ee y189a w4cc h369\"><div class=\"t ma x17f hae y1932 ff2 fs3b fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>729</div></td><td class=\"c n x5f0 y189a w4ce h369\"><div class=\"t ma x17f hae y1932 ff2 fs3b fc1 sc0 ls0 ws0\">583</div></td></tr><tr><td class=\"c n x1a9 y16d8 w4cf h368\"><div class=\"t ma x17f haf y1930 ff3 fs3b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale</div></td><td class=\"c n x5f1 y16d8 w4d0 h368\"><div class=\"t ma x17f haf y1930 ff3 fs3b fc1 sc0 ls0 ws0\">6.3<span class=\"_ _0\"></span>86</div></td><td class=\"c n x5f2 y16d8 w4d1 h368\"><div class=\"t ma x17f haf y1930 ff3 fs3b fc1 sc0 ls0 ws0\">2.2<span class=\"_ _0\"></span>45</div></td></tr></table>Si ev<span class=\"_ _0\"></span>idenzia che nelle <span class=\"_ _0\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 fiscali c<span class=\"_ _0\"></span>orre<span class=\"_ _1\"></span>nti <span class=\"_ _0\"></span>il saldo <span class=\"_ _0\"></span>IRAP pari a <span class=\"_ _0\"></span>circa Euro <span class=\"_ _0\"></span>1,7 milioni \u00e8 <span class=\"_ _0\"></span>riveniente dal credito <span class=\"_ _18\"> </span>der<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vante <span class=\"_ _1d\"> </span>dalla <span class=\"_ _18\"> </span>differenza <span class=\"_ _18\"> </span>tr<span class=\"_ _0\"></span>a <span class=\"_ _17\"> </span>gl<span class=\"_ _0\"></span>i <span class=\"_ _18\"> </span>acconti <span class=\"_ _18\"> </span>ver<span class=\"_ _0\"></span>sati <span class=\"_ _17\"> </span>(in<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>anni <span class=\"_ _1d\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ece<span class=\"_ _1\"></span>denti) <span class=\"_ _18\"> </span>r<span class=\"_ _0\"></span>ispetto <span class=\"_ _18\"> </span>alla quantificazione dell\u2019i<span class=\"_ _1\"></span>mposta calcolata sul<span class=\"_ _1\"></span>la base im<span class=\"_ _3\"></span>pon<span class=\"_ _0\"></span>ibile de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>l\u2019ese<span class=\"_ _1\"></span>rcizio di Kairos S<span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>R. Ai <span class=\"_ _6\"></span>f<span class=\"_ _0\"></span>ini<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>IRES, <span class=\"_ _6\"></span>si <span class=\"_ _6\"></span>evidenzia <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>saldo <span class=\"_ _f\"> </span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>pra <span class=\"_ _6\"></span>esposto, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rca <span class=\"_ _6\"></span>Euro <span class=\"_ _f\"> </span>4<span class=\"_ _1\"></span>,7 <span class=\"_ _6\"></span>milioni, <span class=\"_ _6\"></span>deriva <span class=\"_ _6\"></span>dal <span class=\"_ _6\"></span>cred<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o derivante <span class=\"_ _5\"></span>dagli <span class=\"_ _5\"></span>acconti <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>ersa<span class=\"_ _1\"></span>ti <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>Kairos <span class=\"_ _5\"></span>SGR <span class=\"_ _6\"></span>(in <span class=\"_ _b\"></span>anni <span class=\"_ _5\"></span>precedenti) <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>netto <span class=\"_ _5\"></span>dell\u2019imposta <span class=\"_ _b\"></span>quantificata dalla controllata sul<span class=\"_ _1\"></span>la sua base impo<span class=\"_ _1\"></span>nibile dell\u2019eser<span class=\"_ _3\"></span>cizio. Di <span class=\"_ _15\"> </span>seguito <span class=\"_ _1f\"> </span>vengo<span class=\"_ _1\"></span>no <span class=\"_ _15\"> </span>esposti <span class=\"_ _16\"> </span>gli<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>eventi <span class=\"_ _16\"> </span>che <span class=\"_ _15\"> </span>generano <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferenze <span class=\"_ _15\"> </span>temp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rali <span class=\"_ _1f\"> </span>e <span class=\"_ _1f\"> </span>la <span class=\"_ _15\"> </span>relativa <span class=\"_ _16\"> </span>f<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>alit\u00e0 anticipata. <table class=\"s w4e6 h392\" id=\"_602df422-e793-412f-ae87-5edda43cc917\"><tr><td></td><td class=\"c n x5fe y1940 w4e7 h369\"><div class=\"t mf x17f hb2 y193f ff3 fs3d fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>24</div></td><td class=\"c n x5ff y1940 w4e8 h369\"><div class=\"t mf x17f hb2 y193f ff3 fs3d fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3</div></td></tr><tr><td class=\"c n x1a9 y1942 w4e9 h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">Accant<span class=\"_ _3\"></span>oname<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>i a f<span class=\"_ _0\"></span>ondi<span class=\"_ _3\"></span> r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>schi</div></td><td class=\"c n x600 y1942 w4ea h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">7.74<span class=\"_ _0\"></span>1</div></td><td class=\"c n x601 y1942 w4eb h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>76</div></td></tr><tr><td class=\"c n x1a9 y1943 w4ec h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">Af<span class=\"_ _0\"></span>francam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o avviam<span class=\"_ _3\"></span>ent<span class=\"_ _1\"></span>o</div></td><td class=\"c n x602 y1943 w4ed h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">84<span class=\"_ _0\"></span>2</div></td><td class=\"c n x603 y1943 w4ee h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>65<span class=\"_ _0\"></span>5</div></td></tr><tr><td class=\"c n x1a9 y1944 w4ef h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">Af<span class=\"_ _0\"></span>francam<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o avviam<span class=\"_ _3\"></span>ent<span class=\"_ _1\"></span>o Cas<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ello SGR</div></td><td class=\"c n x604 y1944 w4f0 h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>3.35<span class=\"_ _0\"></span>7</div></td><td></td></tr><tr><td class=\"c n x1a9 y1945 w4f1 h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">Ammort<span class=\"_ _3\"></span>ame<span class=\"_ _3\"></span>nto ex<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Aper<span class=\"_ _1\"></span>ta SGR <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Alet<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> Gest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>ll<span class=\"_ _1\"></span>e SG<span class=\"_ _0\"></span>R</div></td><td class=\"c n x605 y1945 w4eb h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">35<span class=\"_ _0\"></span>9</div></td><td class=\"c n x606 y1945 w4eb h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">44<span class=\"_ _0\"></span>3</div></td></tr><tr><td class=\"c n x1a9 y1946 w4f2 h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">Altre</div></td><td class=\"c n x607 y1946 w4ea h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">1.03<span class=\"_ _0\"></span>0</div></td><td class=\"c n x608 y1946 w4eb h369\"><div class=\"t mf x17f hb3 y1941 ff2 fs3d fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>87</div></td></tr><tr><td class=\"c n x1a9 y16d8 w4f3 h369\"><div class=\"t mf x17f hb2 y193f ff3 fs3d fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e</div></td><td class=\"c n x609 y16d8 w4f4 h369\"><div class=\"t mf x17f hb2 y193f ff3 fs3d fc1 sc0 ls0 ws0\">23<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>32<span class=\"_ _0\"></span>9</div></td><td class=\"c n x60a y16d8 w4f5 h369\"><div class=\"t mf x17f hb2 y193f ff3 fs3d fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>46<span class=\"_ _0\"></span>1</div></td></tr></table>Le <span class=\"_ _0\"></span>atti<span class=\"_ _1\"></span>vit\u00e0 <span class=\"_ _0\"></span>per imposte <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>nticipate presen<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>no <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>sald<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a circa <span class=\"_ _0\"></span>Eur<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>23,3 <span class=\"_ _0\"></span>mili<span class=\"_ _1\"></span>oni <span class=\"_ _0\"></span>(<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca Euro 4<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span> milioni al 31 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>2023)<span class=\"fs2\"> e <span class=\"_ _3\"></span>ricompren<span class=\"_ _1\"></span>dono pr<span class=\"_ _1\"></span>incipalmen<span class=\"_ _3\"></span>te (i) le <span class=\"_ _3\"></span>imposte <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>fferite att<span class=\"_ _1\"></span>ive, p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>circa Euro <span class=\"_ _3\"></span>13,3 </span>milioni,  rilevate <span class=\"_ _f\"> </span>dalla  So<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0 <span class=\"_ _f\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>seguito  all\u2019ese<span class=\"_ _3\"></span>rcizio  \u2013  effettuato  a<span class=\"_ _3\"></span>  giugno  20<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4  - <span class=\"_ _f\"> </span>  dell\u2019opzi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne  d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> riallineamento <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _5\"></span>valori <span class=\"_ _f\"> </span>fiscali <span class=\"_ _6\"></span>ai <span class=\"_ _f\"> </span>maggiori <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>alori <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ontabil<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>(\u201cAff<span class=\"_ _0\"></span>ra<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>camento<span class=\"_ _1\"></span>\u201d) <span class=\"_ _f\"> </span>- <span class=\"_ _6\"></span>ai <span class=\"_ _f\"> </span>sensi <span class=\"_ _6\"></span>dell\u2019art. <span class=\"_ _f\"> </span>15, comma <span class=\"_ _15\"> </span>1<span class=\"_ _0\"></span>0, <span class=\"_ _15\"> </span>D.L. <span class=\"_ _d\"> </span>29 <span class=\"_ _15\"> </span>n<span class=\"_ _0\"></span>ovem<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>2008, <span class=\"_ _15\"> </span>n<span class=\"_ _0\"></span>. <span class=\"_ _15\"> </span>185 <span class=\"_ _e\"> </span>- <span class=\"_ _15\"> </span>in <span class=\"_ _15\"> </span>r<span class=\"_ _0\"></span>elazione <span class=\"_ _15\"> </span>al <span class=\"_ _d\"> </span>valore <span class=\"_ _d\"> </span>dell\u2019a<span class=\"_ _1\"></span>vvi<span class=\"_ _0\"></span>ame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>implicito nell\u2019acquisto <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>partecipazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>Castello <span class=\"_ _f\"> </span>SGR <span class=\"_ _f\"> </span>(al <span class=\"_ _f\"> </span>riguardo <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>rinvia <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>quan<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>evidenziat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>nella sezione <span class=\"_ _f\"> </span>\u201c<span class=\"_ _0\"></span>Fatt<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>di  r<span class=\"_ _1\"></span>ilievo <span class=\"_ _f\"> </span>avv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>nuti <span class=\"_ _f\"> </span>n<span class=\"_ _0\"></span>ell<span class=\"_ _1\"></span>\u2019esercizio  p<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>r  il <span class=\"_ _f\"> </span>Grupp<span class=\"_ _1\"></span>o  Anima <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"> </span>Riallineamento <span class=\"_ _f\"> </span>ai <span class=\"_ _f\"> </span>sensi  D<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>L. 185/2008\u201d <span class=\"_ _18\"> </span>della <span class=\"_ _18\"> </span>Rel<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _1d\"> </span>s<span class=\"_ _1\"></span>ulla <span class=\"_ _18\"> </span>g<span class=\"_ _0\"></span>estio<span class=\"_ _1\"></span>ne <span class=\"_ _18\"> </span>consolidata <span class=\"_ _18\"> </span>ch<span class=\"_ _0\"></span>e <span class=\"_ _18\"> </span>accompag<span class=\"_ _1\"></span>na <span class=\"_ _1d\"> </span>il <span class=\"_ _1d\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esente <span class=\"_ _17\"> </span>Bi<span class=\"_ _0\"></span>lan<span class=\"_ _1\"></span>cio consolidato) <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>(ii) <span class=\"_ _6\"></span>le <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>mposte <span class=\"_ _6\"></span>antipate <span class=\"_ _6\"></span>inserite <span class=\"_ _5\"></span>nella <span class=\"_ _6\"></span>so<span class=\"_ _0\"></span>tto<span class=\"_ _1\"></span>voce <span class=\"_ _6\"></span>\u201caccantonamento<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _f\"> </span>fo<span class=\"_ _1\"></span>ndo <span class=\"_ _f\"> </span>risc<span class=\"_ _1\"></span>hi\u201d <span class=\"_ _6\"></span>per circa <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>7,7 <span class=\"_ _b\"></span>milioni, <span class=\"_ _0\"></span>correlate <span class=\"_ _b\"></span>allo <span class=\"_ _b\"></span>stanziamento <span class=\"_ _0\"></span>della <span class=\"_ _b\"></span>retribuzione <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iabi<span class=\"_ _1\"></span>le <span class=\"_ _b\"></span>dell\u2019anno <span class=\"_ _b\"></span>accantonata nella voca \u201c100 - Fo<span class=\"_ _1\"></span>ndi per rischi e one<span class=\"_ _1\"></span>ri\u201d. V<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>ce<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>00 b<span class=\"_ _0\"></span>) <span class=\"_ _3\"></span>\"<span class=\"_ _0\"></span>Att<span class=\"_ _1\"></span>ivit\u00e0 fis<span class=\"_ _3\"></span>ca<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i ant<span class=\"_ _3\"></span>ic<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>pate\" (d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> cui<span class=\"_ _3\"></span> a<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>la L.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>14/2011)<span class=\"_ _4a1\"> </span><table class=\"s w4f6 h393\" id=\"_cd741418-575c-4b9e-b7c2-a4005c437d7f\"><tr><td></td><td class=\"c n x60b y1948 w4f7 h35a\"><div class=\"t m22 x17f hb5 y1947 ff3 fs3e fc1 sc0 ls0 ws0\">31.12<span class=\"_ _0\"></span>.202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x60c y1948 w4f8 h35a\"><div class=\"t m22 x17f hb5 y1947 ff3 fs3e fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y194a w4f9 h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>ff<span class=\"_ _0\"></span>rancamento<span class=\"_ _3\"></span> avv<span class=\"_ _0\"></span>iament<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x60d y194a w4fa h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">842<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x60e y194a w4fb h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">990<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y194b w4fc h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>mmo<span class=\"_ _1\"></span>rtame<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>ex<span class=\"_ _0\"></span> Apert<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span> S<span class=\"_ _3\"></span>GR e Alett<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span> Ge<span class=\"_ _3\"></span>stiel<span class=\"_ _3\"></span>le SG<span class=\"_ _1\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x60f y194b w4fb h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">359<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x610 y194b w4fd h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">443<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y194c w4fe h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>re<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x611 y194c w4ff h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">37<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x612 y194c w500 h340\"><div class=\"t m22 x17f hb4 y1949 ff2 fs3e fc1 sc0 ls0 ws0\">44<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w501 h35a\"><div class=\"t m22 x17f hb5 y1947 ff3 fs3e fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x613 y16d8 w502 h35a\"><div class=\"t m22 x17f hb5 y1947 ff3 fs3e fc1 sc0 ls0 ws0\">1.238<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x614 y16d8 w502 h35a\"><div class=\"t m22 x17f hb5 y1947 ff3 fs3e fc1 sc0 ls0 ws0\">1.477<span class=\"_ _4a1\"> </span></div></td></tr></table>10.2 Passivit\u00e0 fiscali<span class=\"_ _1\"></span> correnti e differ<span class=\"_ _1\"></span>ite: composizion<span class=\"_ _1\"></span>e Voce 60 a) \"Pass<span class=\"_ _3\"></span>ivit\u00e0 fis<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ali<span class=\"_ _3\"></span> corrent<span class=\"_ _3\"></span>i\"<span class=\"_ _4a1\"> </span><table class=\"s w503 h394\" id=\"_9e15e3af-75dc-4dbb-82f2-9ea01f3cd009\"><tr><td></td><td class=\"c n x615 y194e w504 h372\"><div class=\"t m6 x17f hb7 y194d ff3 fs3f fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x616 y194e w505 h372\"><div class=\"t m6 x17f hb7 y194d ff3 fs3f fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y194f w506 h33a\"><div class=\"t m6 x17f hb6 y1890 ff2 fs3f fc1 sc0 ls0 ws0\">IRAP<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x617 y194f w507 h33a\"><div class=\"t m6 x17f hb6 y1890 ff2 fs3f fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>.38<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x618 y194f w19d h33a\"><div class=\"t m6 x17f hb6 y1890 ff2 fs3f fc1 sc0 ls0 ws0\">633<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1950 w508 h33a\"><div class=\"t m6 x17f hb6 y1890 ff2 fs3f fc1 sc0 ls0 ws0\">IRES<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x619 y1950 w509 h33a\"><div class=\"t m6 x17f hb6 y1890 ff2 fs3f fc1 sc0 ls0 ws0\">27.<span class=\"_ _0\"></span>922<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x61a y1950 w50a h33a\"><div class=\"t m6 x17f hb6 y1890 ff2 fs3f fc1 sc0 ls0 ws0\">5.8<span class=\"_ _0\"></span>21<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w50b h372\"><div class=\"t m6 x17f hb7 y194d ff3 fs3f fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x61b y16d8 w50c h372\"><div class=\"t m6 x17f hb7 y194d ff3 fs3f fc1 sc0 ls0 ws0\">38<span class=\"_ _0\"></span>.309<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x61c y16d8 w50d h372\"><div class=\"t m6 x17f hb7 y194d ff3 fs3f fc1 sc0 ls0 ws0\">6.454<span class=\"_ _4a1\"> </span></div></td></tr></table>Si <span class=\"_ _6\"></span>ev<span class=\"_ _0\"></span>ide<span class=\"_ _1\"></span>nzia <span class=\"_ _f\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _f\"> </span>nelle <span class=\"_ _6\"></span>passivit\u00e0 <span class=\"_ _6\"></span>fiscali <span class=\"_ _f\"> </span>co<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>renti <span class=\"_ _6\"></span>il <span class=\"_ _f\"> </span>sa<span class=\"_ _1\"></span>ldo <span class=\"_ _f\"> </span>IRAP <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>pra <span class=\"_ _6\"></span>riportato, <span class=\"_ _6\"></span>pari <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>circa <span class=\"_ _6\"></span>E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro <span class=\"_ _6\"></span>1<span class=\"_ _0\"></span>0,4<span class=\"_ _1\"></span> milioni, \u00e8 <span class=\"_ _3\"></span>riveniente <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Societ\u00e0 <span class=\"_ _1\"></span>per <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rca <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>3,9 <span class=\"_ _3\"></span>mil<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>oni, da <span class=\"_ _3\"></span>Anima S<span class=\"_ _3\"></span>GR pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>circa <span class=\"_ _1\"></span>Euro <span class=\"_ _1\"></span>6,4 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>da Anima Alternative p<span class=\"_ _1\"></span>er circa Euro 82 m<span class=\"_ _1\"></span>ila e da Caste<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>lo SGR per <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1\"></span>Euro 26 mila.<span class=\"_ _4a1\"> </span>Ai fini <span class=\"_ _3\"></span>IR<span class=\"_ _0\"></span>ES, <span class=\"_ _3\"></span>si ev<span class=\"_ _1\"></span>idenzia <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _3\"></span>il saldo <span class=\"_ _1\"></span>sopra <span class=\"_ _3\"></span>esposto, pa<span class=\"_ _1\"></span>ri a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca E<span class=\"_ _3\"></span>uro 27,9 <span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ioni, <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eriva <span class=\"_ _3\"></span>principalmente dal <span class=\"_ _0\"></span>debito per <span class=\"_ _0\"></span>l\u2019IRES d<span class=\"_ _0\"></span>i Gruppo <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>circa Euro <span class=\"_ _0\"></span>27,2 milion<span class=\"_ _0\"></span>i e <span class=\"_ _0\"></span>dal <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>bito <span class=\"_ _0\"></span>IRES di<span class=\"_ _0\"></span> Castello <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>per circa Euro 0,7 milioni. Di seguito ven<span class=\"_ _1\"></span>gono esposti gli e<span class=\"_ _1\"></span>venti che gene<span class=\"_ _1\"></span>rano differenze te<span class=\"_ _1\"></span>mporali e la relati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a fiscal<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t\u00e0 di<span class=\"_ _1\"></span>fferi<span class=\"_ _0\"></span>ta.<span class=\"_ _3\"></span> Voce 60 <span class=\"_ _0\"></span>b) \"Passivit<span class=\"_ _3\"></span>\u00e0 <span class=\"_ _0\"></span>fiscali di<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>rite<span class=\"_ _3\"></span>\"<span class=\"_ _4a1\"> </span><table class=\"s w50e h395\" id=\"_dc2dc3e0-983c-4d4a-9e8a-b6fc9c53f89a\"><tr><td></td><td class=\"c n x61e y1951 w50f h36d\"><div class=\"t m23 x17f hba y16c6 ff3 fs40 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x61f y1951 w50f h36d\"><div class=\"t m23 x17f hba y16c6 ff3 fs40 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1953 w510 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">Avviame<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x620 y1953 w511 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>.595<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x621 y1953 w512 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>.271<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1954 w513 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">Attiv<span class=\"_ _1\"></span>it<span class=\"_ _1\"></span>\u00e0 imm<span class=\"_ _3\"></span>at<span class=\"_ _1\"></span>eri<span class=\"_ _1\"></span>ali per P<span class=\"_ _1\"></span>PA<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x622 y1954 w514 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">65<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>68<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x623 y1954 w515 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>4.05<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1955 w516 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">Azioni MPS<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x624 y1955 w511 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">1.18<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x625 y1955 w517 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1956 w518 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">Altre<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x626 y1956 w519 h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">68<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x627 y1956 w51a h36d\"><div class=\"t m23 x17f hb9 y1952 ff2 fs40 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w51b h36d\"><div class=\"t m23 x17f hba y16c6 ff3 fs40 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x628 y16d8 w51c h36d\"><div class=\"t m23 x17f hba y16c6 ff3 fs40 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>4.5<span class=\"_ _0\"></span>31<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x629 y16d8 w51d h36d\"><div class=\"t m23 x17f hba y16c6 ff3 fs40 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>1.3<span class=\"_ _0\"></span>95<span class=\"_ _4a1\"> </span></div></td></tr></table>Le <span class=\"_ _b\"></span>passivit\u00e0 <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>imposte <span class=\"_ _0\"></span>differite <span class=\"_ _b\"></span>presentano <span class=\"_ _0\"></span>un <span class=\"_ _b\"></span>saldo <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>Euro <span class=\"_ _b\"></span>74,5 <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ilio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>(circa <span class=\"_ _b\"></span>Euro <span class=\"_ _0\"></span>81<span class=\"_ _0\"></span>,4 milioni <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>1 d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cembre <span class=\"_ _0\"></span>2023) <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ricomprendono <span class=\"_ _0\"></span>pri<span class=\"_ _1\"></span>nci<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>lmente <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>imposte <span class=\"_ _0\"></span>differite <span class=\"_ _0\"></span>passive r<span class=\"_ _0\"></span>esidue rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ite<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>alle <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span>tan<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ibili<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>a <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>ita <span class=\"_ _b\"></span>util<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>definita <span class=\"_ _6\"></span>individuate <span class=\"_ _b\"></span>nei <span class=\"_ _6\"></span>processi<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>PPA <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>elazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>all<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> diverse <span class=\"_ _6\"></span>aggregazio<span class=\"_ _1\"></span>ni <span class=\"_ _6\"></span>aziendali <span class=\"_ _6\"></span>effettuate <span class=\"_ _5\"></span>dal <span class=\"_ _6\"></span>Gruppo <span class=\"_ _5\"></span>(si <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nvia <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>qu<span class=\"_ _0\"></span>anto <span class=\"_ _5\"></span>illustrato <span class=\"_ _5\"></span>nell<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>Sezione <span class=\"_ _5\"></span>9 <span class=\"_ _6\"></span>\u2013 Attivit\u00e0  immaterial<span class=\"_ _1\"></span>i  \u2013  Voce<span class=\"_ _1\"></span>  90  della  p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esente<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>Nota  Integrativa  pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  il <span class=\"_ _f\"> </span>dettaglio  delle  ag<span class=\"_ _1\"></span>gregazioni effettuate) e (ii)  la fiscalit\u00e0 differita IRES q<span class=\"_ _1\"></span>uantifica<span class=\"_ _1\"></span>ta sul delta fair value positivo delle azioni di BMPS in <span class=\"_ _6\"></span>portafoglio, <span class=\"_ _b\"></span>valorizzate <span class=\"_ _5\"></span>dall<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>S<span class=\"_ _1\"></span>ociet\u00e0 <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>voce <span class=\"_ _b\"></span>\u201c3<span class=\"_ _0\"></span>0. <span class=\"_ _5\"></span>Attivit\u00e0 <span class=\"_ _5\"></span>finanziarie <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>alutate <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _5\"></span>con impatto sulla redditi<span class=\"_ _1\"></span>vit\u00e0 complessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a\u201d. 10.3 Variazioni de<span class=\"_ _1\"></span>lle imposte anticipate <span class=\"_ _1\"></span>(in controparti<span class=\"_ _3\"></span>ta del conto economico) <table class=\"s w51e h396\" id=\"_3d9c9297-b256-4fb5-954e-b59002972b36\"><tr><td></td><td class=\"c n x62a y1958 w51f h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x62b y1958 w51f h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1959 w520 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">1. Esistenze in<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>ali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x62c y1959 w521 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x62d y1959 w522 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">7.287<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y195a w523 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">2. Aument<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x62e y195a w524 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>185<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x62f y195a w525 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">625<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y195b w526 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>1 <span class=\"_ _3\"></span>Impos<span class=\"_ _3\"></span>te an<span class=\"_ _1\"></span>ti<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ip<span class=\"_ _3\"></span>ate<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>lev<span class=\"_ _0\"></span>ate n<span class=\"_ _3\"></span>ell<span class=\"_ _1\"></span>'esercizio<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x630 y195b w527 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">21.<span class=\"_ _0\"></span>537<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x631 y195b w528 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">23<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x632 y195c w529 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">a<span class=\"_ _0\"></span>) r<span class=\"_ _1\"></span>elative a p<span class=\"_ _1\"></span>rece<span class=\"_ _0\"></span>denti<span class=\"_ _3\"></span> es<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>ci<span class=\"_ _1\"></span>zi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x633 y195c w52a h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x634 y195c w52b h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">16<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x632 y195d w52c h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">d<span class=\"_ _0\"></span>) alt<span class=\"_ _3\"></span>re<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x635 y195d w52d h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">21.<span class=\"_ _0\"></span>537<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x636 y195d w525 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">221<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y195e w52e h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>2 <span class=\"_ _3\"></span>N<span class=\"_ _0\"></span>uo<span class=\"_ _3\"></span>ve imp<span class=\"_ _1\"></span>os<span class=\"_ _3\"></span>te o <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>ncrem<span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> di aliquo<span class=\"_ _3\"></span>te fi<span class=\"_ _1\"></span>scali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x637 y195e w52a h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y195f w52f h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>3 <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>ltri<span class=\"_ _1\"></span> aumen<span class=\"_ _1\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x638 y195f w530 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">1.648<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x639 y195f w525 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">388<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1960 w531 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">3. Di<span class=\"_ _0\"></span>minu<span class=\"_ _0\"></span>zion<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x63a y1960 w532 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _0\"></span>11<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x63b y1960 w522 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">3.451<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1961 w533 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>1 <span class=\"_ _3\"></span>Impos<span class=\"_ _3\"></span>te an<span class=\"_ _1\"></span>ti<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ip<span class=\"_ _3\"></span>ate<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nn<span class=\"_ _3\"></span>ul<span class=\"_ _3\"></span>la<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e n<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>l'eserci<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x63c y1961 w534 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>311<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x63d y1961 w534 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>451<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x632 y1962 w535 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">a<span class=\"_ _0\"></span>) r<span class=\"_ _1\"></span>igiri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x63e y1962 w534 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>311<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x63f y1962 w534 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>451<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1963 w536 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>2 <span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>uzio<span class=\"_ _3\"></span>ne di <span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>li<span class=\"_ _3\"></span>quot<span class=\"_ _3\"></span>e f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>ca<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x640 y1963 w537 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1964 w538 h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>3 <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>ltre dimi<span class=\"_ _3\"></span>nuzi<span class=\"_ _3\"></span>oni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x641 y1964 w52a h33b\"><div class=\"t m24 x17f hbc y1947 ff2 fs41 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w539 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">4. I<span class=\"_ _1\"></span>mpo<span class=\"_ _0\"></span>rto<span class=\"_ _0\"></span> fina<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x642 y16d8 w524 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">23.<span class=\"_ _0\"></span>335<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x643 y16d8 w521 h33b\"><div class=\"t m24 x17f hbb y1957 ff3 fs41 fc1 sc0 ls0 ws0\">4.4<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td></tr></table>L\u2019incremento del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>sottovoce \u201c<span class=\"_ _1\"></span>2.1 Imp<span class=\"_ _1\"></span>oste anti<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipate <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ilevate <span class=\"_ _3\"></span>nell\u2019esercizio - <span class=\"_ _3\"></span>d) altre<span class=\"_ _1\"></span>\u201d \u00e8 <span class=\"_ _3\"></span>princ<span class=\"_ _0\"></span>ipal<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>all\u2019i<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>crizione <span class=\"_ _f\"> </span>delle <span class=\"_ _6\"></span>imposte <span class=\"_ _6\"></span>di<span class=\"_ _0\"></span>ffe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ite <span class=\"_ _6\"></span>attive <span class=\"_ _6\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ate <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>seguito <span class=\"_ _f\"> </span>(i) <span class=\"_ _6\"></span>all\u2019Affrancamento <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>(ii) <span class=\"_ _f\"></span>agl<span class=\"_ _1\"></span>i oneri <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>munerazione <span class=\"_ _b\"></span>variabile <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>personale <span class=\"_ _b\"></span>accanton<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>dal <span class=\"_ _5\"></span>Gruppo, <span class=\"_ _5\"></span>entrambi <span class=\"_ _b\"></span>precedentemente<span class=\"_ _3\"></span> illustrati. Non  vi <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>valori  isc<span class=\"_ _1\"></span>ritti  t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>le  attivit\u00e0<span class=\"_ _1\"></span>  relati<span class=\"_ _1\"></span>ve <span class=\"_ _f\"> </span>ad  imposte  a<span class=\"_ _3\"></span>nticipate <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>erivanti <span class=\"_ _f\"> </span>da  perdite <span class=\"_ _f\"> </span>fiscali riportabili ad ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizi suc<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essi<span class=\"_ _1\"></span>vi<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>con esclusi<span class=\"_ _1\"></span>one di q<span class=\"_ _1\"></span>uelle rilevate il 31<span class=\"_ _1\"></span> dicembre 20<span class=\"_ _1\"></span>24, suo primo a<span class=\"_ _1\"></span>nno di attivit\u00e0, dalla soc<span class=\"_ _1\"></span>iet\u00e0 controllata<span class=\"_ _1\"></span> indiretta Vita Sr<span class=\"_ _1\"></span>l per circa Euro 93 migl<span class=\"_ _1\"></span>iaia. 10.3.1 Variazion<span class=\"_ _1\"></span>i delle imposte anticipate di<span class=\"_ _1\"></span> cui alla <span class=\"_ _1\"></span>L. 214/2011 (in con<span class=\"_ _1\"></span>tropartita del con<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>o econo<span class=\"_ _3\"></span>mico) <table class=\"s w53a h397\" id=\"_aafda9a0-61e1-49f8-bb3f-611a579761c8\"><tr><td></td><td class=\"c n x644 y1966 w53b h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x645 y1966 w53c h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">31.1<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>.20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1967 w53d h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">1. E<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>enz<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>niz<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x646 y1967 w53e h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">1.47<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x647 y1967 w53e h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.716<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1968 w53f h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">2. Aument<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x648 y1968 w540 h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x649 y1968 w540 h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1969 w541 h33d\"><div class=\"t m25 x17f hbd y1965 ff2 fs42 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>3 Altri<span class=\"_ _3\"></span> aument<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x64a y1969 w542 h33d\"><div class=\"t m25 x17f hbd y1965 ff2 fs42 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x64b y1969 w540 h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y196a w543 h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">3. D<span class=\"_ _0\"></span>iminu<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x64c y196a w544 h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">239<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x64d y196a w545 h366\"><div class=\"t m25 x17f hbd y1965 ff3 fs42 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>39<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y196c w546 h33d\"><div class=\"t m25 x17f hbe y196b ff2 fs42 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>1 Ri<span class=\"_ _1\"></span>giri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x64e y196c w547 h33d\"><div class=\"t m25 x17f hbe y196b ff2 fs42 fc1 sc0 ls0 ws0\">239<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x64f y196c w547 h33d\"><div class=\"t m25 x17f hbe y196b ff2 fs42 fc1 sc0 ls0 ws0\">239<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m25 x41c hbe y196d ff2 fs42 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>2 T<span class=\"_ _1\"></span>ra<span class=\"_ _0\"></span>sfo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>maz<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>ne i<span class=\"_ _3\"></span>n cred<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti d'imp<span class=\"_ _3\"></span>osta<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"t m25 x41c hbe y196e ff2 fs42 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>3 Altre <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>imi<span class=\"_ _1\"></span>nu<span class=\"_ _3\"></span>zion<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w548 h356\"><div class=\"t m25 x17f hbd y1822 ff3 fs42 fc1 sc0 ls0 ws0\">4. Im<span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rto<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x650 y16d8 w549 h356\"><div class=\"t m25 x17f hbd y1822 ff3 fs42 fc1 sc0 ls0 ws0\">1.238<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x651 y16d8 w54a h356\"><div class=\"t m25 x17f hbd y1822 ff3 fs42 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>477<span class=\"_ _4a1\"> </span></div></td></tr></table>10.4 Variazioni de<span class=\"_ _1\"></span>lle imposte differite (in con<span class=\"_ _3\"></span>tropartita del conto eco<span class=\"_ _1\"></span>nomico)<span class=\"_ _1\"></span> <table class=\"s w54b h398\" id=\"_e6366647-bc6f-4994-9e73-e6e9417720ca\"><tr><td></td><td class=\"t m26 x653 hbf y196f ff3 fs43 fc1 sc0 ls0 ws0\">31<span class=\"_ _3\"></span>.12.<span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></td><td class=\"t m26 x654 hbf y1970 ff3 fs43 fc1 sc0 ls0 ws0\">31<span class=\"_ _3\"></span>.12.<span class=\"_ _3\"></span>202<span class=\"_ _1\"></span>3<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1972 w54c h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1.<span class=\"_ _1\"></span> E<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>iste<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ze<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x655 y1972 w54d h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">81<span class=\"_ _3\"></span>.379<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x656 y1972 w54e h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">86<span class=\"_ _3\"></span>.38<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1973 w54f h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">2.<span class=\"_ _1\"></span> Aumenti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x657 y1973 w550 h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">3<span class=\"_ _3\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x658 y1973 w551 h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">2<span class=\"_ _3\"></span>.96<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1975 w552 h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _3\"></span> I<span class=\"_ _0\"></span>mposte diffe<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>r<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span>lev<span class=\"_ _3\"></span>at<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>nell'eser<span class=\"_ _3\"></span>cizio<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x659 y1975 w550 h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">32<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x65a y1975 w553 h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">2<span class=\"_ _3\"></span>.96<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x65b y1976 w554 h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">c<span class=\"_ _3\"></span>) altre<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x65c y1976 w550 h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">32<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x65d y1976 w555 h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">2<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>96<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m26 x65e hc0 y1977 ff2 fs43 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _3\"></span> N<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ove <span class=\"_ _3\"></span>im<span class=\"_ _0\"></span>post<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> o inc<span class=\"_ _3\"></span>rementi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ali<span class=\"_ _0\"></span>quot<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>fiscali<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"t m26 x65e hc0 y1978 ff2 fs43 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _3\"></span> Altri aumenti<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1979 w556 h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">3.<span class=\"_ _1\"></span> D<span class=\"_ _1\"></span>iminu<span class=\"_ _3\"></span>zi<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x65f y1979 w557 h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">8.<span class=\"_ _1\"></span>37<span class=\"_ _1\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x660 y1979 w558 h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">7.9<span class=\"_ _1\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y197a w559 h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _3\"></span> I<span class=\"_ _0\"></span>mposte diffe<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>annull<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>nell<span class=\"_ _0\"></span>'e<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>rc<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>zio<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x661 y197a w55a h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">8.3<span class=\"_ _1\"></span>74<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x662 y197a w555 h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">7<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>97<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x65b y197b w55b h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">a<span class=\"_ _1\"></span>) <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>giri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x663 y197b w55c h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">8<span class=\"_ _1\"></span>.37<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x664 y197b w55d h33b\"><div class=\"t m26 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">7<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>97<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m26 x65e hc0 y197c ff2 fs43 fc1 sc0 ls0 ws0\">3.2<span class=\"_ _3\"></span> Ri<span class=\"_ _0\"></span>duzione <span class=\"_ _3\"></span>di ali<span class=\"_ _0\"></span>quote <span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>sca<span class=\"_ _1\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"t m26 x65e hc0 y197d ff2 fs43 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _3\"></span> Altre <span class=\"_ _1\"></span>dimi<span class=\"_ _0\"></span>nuzioni<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w55e h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">4.<span class=\"_ _1\"></span> Impor<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>finale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x665 y16d8 w54d h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">73.3<span class=\"_ _3\"></span>29<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x666 y16d8 w55f h33b\"><div class=\"t m26 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">81<span class=\"_ _3\"></span>.37<span class=\"_ _3\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella  sottov<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ce  \u201c<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>. <span class=\"_ _f\"> </span>Diminuzioni  \u2013 <span class=\"_ _f\"> </span>a)  rigiri\u201d <span class=\"_ _f\"> </span>\u00e8  evid<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>ziato <span class=\"_ _f\"> </span>lo<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>scarico  dele <span class=\"_ _f\"> </span>imposte  d<span class=\"_ _3\"></span>iffer<span class=\"_ _0\"></span>ite  p<span class=\"_ _3\"></span>assive dell\u2019esercizio <span class=\"_ _5\"></span>riferite <span class=\"_ _6\"></span>alle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _6\"></span>intangibili <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>vita <span class=\"_ _5\"></span>u<span class=\"_ _0\"></span>tile <span class=\"_ _5\"></span>definita <span class=\"_ _5\"></span>individuate <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>ei <span class=\"_ _5\"></span>processi <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>PPA <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>in relazione alle diverse a<span class=\"_ _3\"></span>ggreg<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni az<span class=\"_ _1\"></span>iendali effettua<span class=\"_ _1\"></span>te dal Gruppo.<span class=\"ff5\"> </span>10.5 Variazioni de<span class=\"_ _1\"></span>lle imposte anticipate <span class=\"_ _1\"></span>(in controparti<span class=\"_ _3\"></span>ta del patrimonio netto) <table class=\"s w560 h399\" id=\"_47814d24-cb29-4d84-a3b2-b6759f4ef65c\"><tr><td></td><td class=\"c n x667 y197f w561 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">31.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x668 y197f w562 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">3<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.2023<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1980 w563 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Esisten<span class=\"_ _0\"></span>ze<span class=\"_ _1\"></span> in<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>ali<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x669 y1980 w564 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x66a y1980 w565 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1981 w566 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Aumenti<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x66b y1981 w567 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1982 w568 h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>1 I<span class=\"_ _1\"></span>mpo<span class=\"_ _3\"></span>ste <span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>icip<span class=\"_ _1\"></span>ate ril<span class=\"_ _3\"></span>ev<span class=\"_ _0\"></span>ate n<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l'esercizio<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x66c y1982 w569 h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x66d y1982 w569 h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m27 x34d hc2 y1983 ff2 fs44 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>2 Nuo<span class=\"_ _3\"></span>ve impo<span class=\"_ _3\"></span>ste <span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>incrementi<span class=\"_ _3\"></span> di ali<span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>uo<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>e fiscali<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1984 w56a h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>3 Altri<span class=\"_ _1\"></span> aumen<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x66e y1984 w569 h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x66f y1984 w56b h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1985 w56c h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Di<span class=\"_ _0\"></span>minu<span class=\"_ _0\"></span>zion<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x670 y1985 w564 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x671 y1985 w565 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1986 w56d h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>1 I<span class=\"_ _1\"></span>mpo<span class=\"_ _3\"></span>ste <span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>icip<span class=\"_ _1\"></span>ate ann<span class=\"_ _3\"></span>ull<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>e n<span class=\"_ _1\"></span>ell'es<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>cizi<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x672 y1986 w56b h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x673 y1986 w569 h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x674 y1987 w56e h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc1 sc0 ls0 ws0\">a) rigi<span class=\"_ _1\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x675 y1987 w56b h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x676 y1987 w56f h340\"><div class=\"t m27 x17f hc2 y1757 ff2 fs44 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m27 x34d hc2 y1988 ff2 fs44 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>2 Ri<span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>zio<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span> di aliqu<span class=\"_ _3\"></span>ote fis<span class=\"_ _3\"></span>ca<span class=\"_ _0\"></span>li<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m27 x34d hc2 y1989 ff2 fs44 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>3 Altre <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>imin<span class=\"_ _3\"></span>uzio<span class=\"_ _1\"></span>ni<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w570 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Import<span class=\"_ _0\"></span>o fin<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x677 y16d8 w571 h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x678 y16d8 w56b h35a\"><div class=\"t m27 x17f hc1 y197e ff3 fs44 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td></tr></table>10.6 Variazioni de<span class=\"_ _1\"></span>lle imposte differite (in con<span class=\"_ _3\"></span>tropartita del patrimo<span class=\"_ _1\"></span>nio netto)<span class=\"_ _1\"></span> <table class=\"s w572 h39a\" id=\"_78cf292a-ea48-4d18-92f4-18a4b076c8de\"><tr><td></td><td class=\"c n x679 y198a w573 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">31<span class=\"_ _3\"></span>.12.<span class=\"_ _3\"></span>202<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x67a y198a w574 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">31.1<span class=\"_ _3\"></span>2.2<span class=\"_ _1\"></span>02<span class=\"_ _3\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y198b w575 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1.<span class=\"_ _1\"></span> E<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>iste<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ze<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ini<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x67b y198b w576 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x67c y198b w577 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y198c w578 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">2.<span class=\"_ _1\"></span> Aumenti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x67d y198c w577 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x67e y198c w579 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>39<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y198d w57a h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _3\"></span> I<span class=\"_ _0\"></span>mposte diffe<span class=\"_ _1\"></span>rite <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>levate<span class=\"_ _3\"></span> nell'ese<span class=\"_ _1\"></span>rcizio<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x67f y198d w57b h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>.18<span class=\"_ _3\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x680 y198d w579 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>39<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x681 y198e w57c h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">c<span class=\"_ _3\"></span>) altre<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x682 y198e w57d h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x680 y198e w579 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>39<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y198f w57e h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _3\"></span> N<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ove <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mposte o <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nc<span class=\"_ _1\"></span>reme<span class=\"_ _1\"></span>nti di ali<span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uot<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> fiscali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x683 y198f w57f h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x684 y198f w580 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1990 w581 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _3\"></span> Altri aumenti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x685 y1990 w57f h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x686 y1990 w580 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1991 w582 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">3.<span class=\"_ _1\"></span> D<span class=\"_ _1\"></span>iminu<span class=\"_ _3\"></span>zioni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x687 y1991 w583 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1.5<span class=\"_ _1\"></span>2<span class=\"_ _3\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1992 w584 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _3\"></span> I<span class=\"_ _0\"></span>mposte diffe<span class=\"_ _1\"></span>rite <span class=\"_ _3\"></span>an<span class=\"_ _0\"></span>nullat<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> ne<span class=\"_ _1\"></span>l<span class=\"_ _0\"></span>l'ese<span class=\"_ _3\"></span>rcizio<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x688 y1992 w57f h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x689 y1992 w585 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">1.52<span class=\"_ _3\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x681 y1993 w586 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">a<span class=\"_ _1\"></span>) <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>giri<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x68a y1993 w587 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>52<span class=\"_ _3\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1994 w588 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">3.2<span class=\"_ _3\"></span> Ri<span class=\"_ _0\"></span>duzione <span class=\"_ _3\"></span>di al<span class=\"_ _0\"></span>iquote <span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>scali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x68b y1994 w57f h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x68c y1994 w57f h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1995 w589 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _3\"></span> Altre <span class=\"_ _1\"></span>dimi<span class=\"_ _0\"></span>nuzioni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x68d y1995 w57f h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x686 y1995 w580 h33b\"><div class=\"t m28 x17f hc0 y1974 ff2 fs43 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w58a h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">4.<span class=\"_ _1\"></span> Impor<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>finale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x68e y16d8 w58b h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>20<span class=\"_ _3\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x68f y16d8 w576 h33b\"><div class=\"t m28 x17f hbf y1971 ff3 fs43 fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr></table>La voce \u201c2<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>1 Imposte differite rilevate nell<span class=\"_ _1\"></span>\u2019esercizio<span class=\"_ _1\"></span> - c<span class=\"_ _0\"></span>) altre\u201d si riferisce alla rilevazi<span class=\"_ _1\"></span>one d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e imp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ste differite iscritte i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>elazio<span class=\"_ _1\"></span>ne alla va<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iazione p<span class=\"_ _3\"></span>osi<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>fair value <span class=\"_ _1\"></span>registrata <span class=\"_ _1\"></span>nell\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>rcizio delle azioni d<span class=\"_ _3\"></span>i  BMPS detenute in p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtafogli<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> dalla S<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet\u00e0.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-461": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs6f3\">Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 12 \u2013 Altre attivit\u00e0 \u2013 Voce 120 </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs6f4\">12.1 Altre attivit\u00e0:<span class=\"_ _1\"></span> composizione<span class=\"_ _1\"></span> </div><div class=\"gs6f5\"><table class=\"s w58c h39b\" id=\"_b919d28e-d24b-44d2-b6bd-25a8ab0dae7c\"><tr><td class=\"c n x1a9 y1996 w58d h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">Dett<span class=\"_ _0\"></span>agl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o/V<span class=\"_ _0\"></span>alo<span class=\"_ _0\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x690 y1996 w58e h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x691 y1996 w58f h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1997 w590 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">1. Att<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>er cre<span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i vers<span class=\"_ _1\"></span>o l'E<span class=\"_ _0\"></span>rario<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x692 y1997 w591 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">21.76<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x693 y1997 w592 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">15.<span class=\"_ _0\"></span>920<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1998 w593 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">I<span class=\"_ _3\"></span>stanza<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di ri<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>borso<span class=\"_ _3\"></span> I<span class=\"_ _1\"></span>R<span class=\"_ _0\"></span>E<span class=\"_ _1\"></span>S p<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>duzi<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e IRAP<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x694 y1998 w594 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x695 y1998 w594 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1999 w595 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Cred<span class=\"_ _0\"></span>iti<span class=\"_ _3\"></span> ver<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o l<span class=\"_ _3\"></span>'er<span class=\"_ _0\"></span>ario <span class=\"_ _3\"></span>per IVA<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x696 y1999 w596 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">45<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x697 y1999 w596 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">76<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199a w597 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Bo<span class=\"_ _3\"></span>llo<span class=\"_ _3\"></span> Virtu<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x698 y199a w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">9.9<span class=\"_ _0\"></span>67<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x699 y199a w599 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>346<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199b w59a h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Altr<span class=\"_ _1\"></span>i crediti<span class=\"_ _3\"></span> v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> Era<span class=\"_ _0\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69a y199b w59b h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">11.<span class=\"_ _0\"></span>596<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69b y199b w59c h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>0.3<span class=\"_ _0\"></span>37<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199c w59d h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">2. C<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>edit<span class=\"_ _0\"></span>i di<span class=\"_ _0\"></span>vers<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69c y199c w592 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">26<span class=\"_ _0\"></span>.248<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69d y199c w591 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>0.541<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199d w59e h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Ratei<span class=\"_ _1\"></span> e ri<span class=\"_ _1\"></span>sco<span class=\"_ _3\"></span>nti<span class=\"_ _3\"></span> att<span class=\"_ _3\"></span>ivi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69e y199d w59f h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.697<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69f y199d w5a0 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">8.1<span class=\"_ _0\"></span>64<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199e w5a1 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Ri<span class=\"_ _3\"></span>scon<span class=\"_ _3\"></span>ti<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>er commis<span class=\"_ _3\"></span>s. u<span class=\"_ _3\"></span>na tant<span class=\"_ _3\"></span>um p<span class=\"_ _1\"></span>aga<span class=\"_ _0\"></span>te ai<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>ll<span class=\"_ _3\"></span>ocatori<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a0 y199e w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>774<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a1 y199e w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>089<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199f w5a2 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Cred<span class=\"_ _0\"></span>iti<span class=\"_ _3\"></span> pe<span class=\"_ _1\"></span>r i<span class=\"_ _1\"></span>st<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nze ri<span class=\"_ _1\"></span>mb<span class=\"_ _0\"></span>. I<span class=\"_ _1\"></span>R<span class=\"_ _0\"></span>E<span class=\"_ _1\"></span>S d<span class=\"_ _0\"></span>a ded<span class=\"_ _0\"></span>uz. IRAP<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a2 y199f w599 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span>91<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a3 y199f w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>130<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a0 w5a3 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Cred<span class=\"_ _0\"></span>iti<span class=\"_ _3\"></span> pe<span class=\"_ _1\"></span>r i<span class=\"_ _1\"></span>ndenizi<span class=\"_ _3\"></span> da<span class=\"_ _0\"></span>  e<span class=\"_ _1\"></span>x<span class=\"_ _0\"></span> s<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a4 y19a0 w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _0\"></span>04<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a5 y19a0 w599 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>304<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a1 w5a4 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Altr<span class=\"_ _1\"></span>e atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a6 y19a1 w599 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">4.23<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a7 y19a1 w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _0\"></span>66<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a2 w5a5 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Miglio<span class=\"_ _3\"></span>rie s<span class=\"_ _3\"></span>u <span class=\"_ _1\"></span>b<span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>i di <span class=\"_ _1\"></span>terzi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a8 y19a2 w5a6 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">950<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a9 y19a2 w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>188<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x6aa y16d8 w5a7 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ab y16d8 w5a8 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>8.01<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ac y16d8 w591 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">36.4<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6f6\">Nella voce <span class=\"_ _0\"></span>\u201cAltre attivit\u00e0\u201d<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sono r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tati (i) <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>cr<span class=\"_ _3\"></span>edi<span class=\"_ _0\"></span>ti verso l\u2019Erario <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r c<span class=\"_ _0\"></span>irca Euro 21,8 m<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>lioni, <span class=\"_ _0\"></span>(i<span class=\"_ _1\"></span>i) i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6f7\">risconti <span class=\"_ _c\"> </span>e <span class=\"_ _211\"> </span>r<span class=\"_ _0\"></span>atei<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>circa  E<span class=\"_ _0\"></span>uro<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>13,7 <span class=\"_ _c\"> </span>mili<span class=\"_ _1\"></span>oni, <span class=\"_ _211\"> </span>(<span class=\"_ _0\"></span>iii)  i <span class=\"_ _c\"> </span>risconti <span class=\"_ _211\"> </span>per <span class=\"_ _c\"> </span>commission<span class=\"_ _1\"></span>i <span class=\"_ _211\"> </span>u<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>tantum <span class=\"_ _211\"> </span>pagate <span class=\"_ _211\"> </span>ai </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6f8\">collocatori <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>Fondi <span class=\"_ _0\"></span>Forza, <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _b\"></span>P<span class=\"_ _1\"></span>i\u00f9 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>la <span class=\"_ _0\"></span>Sicav<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Anima <span class=\"_ _0\"></span>Funds <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>circa <span class=\"_ _b\"></span>Euro <span class=\"_ _0\"></span>2,8 <span class=\"_ _b\"></span>milioni<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>(iv) <span class=\"_ _b\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6f9\">crediti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ivanti dal<span class=\"_ _3\"></span>le ista<span class=\"_ _1\"></span>nze d<span class=\"_ _3\"></span>i rimbo<span class=\"_ _1\"></span>rso IR<span class=\"_ _3\"></span>ES per<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>manc<span class=\"_ _0\"></span>ata <span class=\"_ _3\"></span>deduzio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>ll\u2019IRAP <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>lativa a<span class=\"_ _3\"></span>lle spese<span class=\"_ _3\"></span> per </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6fa\">il personale dipendente e assimilato (ai se<span class=\"_ _1\"></span>nsi d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019a<span class=\"_ _3\"></span>rt. 2 c<span class=\"_ _0\"></span>omma 1-quater, De<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>reto Legge n. 201/2011<span class=\"_ _1\"></span>), </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs6fb\">relativa <span class=\"_ _5\"></span>ai <span class=\"_ _6\"></span>pe<span class=\"_ _1\"></span>riodi <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>\u2019<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mposta<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>2004\u20132011, <span class=\"_ _6\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Euro <span class=\"_ _5\"></span>1,3 <span class=\"_ _5\"></span>milioni, <span class=\"_ _5\"></span>(v) <span class=\"_ _5\"></span>crediti <span class=\"_ _5\"></span>dovuti <span class=\"_ _5\"></span>da <span class=\"_ _6\"></span>ex <span class=\"_ _5\"></span>soci <span class=\"_ _5\"></span>per<span class=\"_ _4a1\"> </span></div>indennizzi ai sensi degli ac<span class=\"_ _1\"></span>cordi sottoscritti <span class=\"_ _1\"></span>dalla Societ\u00e0 nel di<span class=\"_ _1\"></span>cembre 2010 per circa Eur<span class=\"_ _1\"></span>o 3,3 milioni, (vi) alt<span class=\"_ _1\"></span>re attivit\u00e0 <span class=\"_ _3\"></span>per circa <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>uro <span class=\"_ _3\"></span>4,2<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>milioni e <span class=\"_ _3\"></span>(vii) atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>per migliorie <span class=\"_ _3\"></span>su<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>terzi pe<span class=\"_ _1\"></span>r Euro <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mili<span class=\"_ _1\"></span>oni.<span class=\"_ _4a1\"> </span>Il <span class=\"_ _0\"></span>contributo <span class=\"_ _0\"></span>alla v<span class=\"_ _0\"></span>oce \u201c1<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>0 <span class=\"_ _0\"></span>- <span class=\"_ _0\"></span>Altre <span class=\"_ _0\"></span>attivit\u00e0\u201d <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>riv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nte <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>13,1 <span class=\"_ _0\"></span>milioni <span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span>derivante da Vita S<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>l per circa <span class=\"_ _1\"></span>Euro 2 milioni.<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs73a\">Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 8 \u2013 Altre passivit\u00e0 \u2013 Voce 80<span class=\"_ _4a1\"> </span> </div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs73b\">8.1 Composizione delle \u201cAltre passivit\u00e0\u201d </div><div class=\"gs73d\"><table class=\"s w5e1 h39f\" id=\"_c1a0e875-4a23-449e-95b2-047d35f1e1c6\"><tr><td class=\"c n x1a9 y195a w5e2 h36d\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">Dett<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>o/<span class=\"_ _0\"></span>Valo<span class=\"_ _0\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ee y195a w5e3 h36d\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ef y195a w5e4 h36d\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19c7 w5e5 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> fo<span class=\"_ _1\"></span>rni<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span> p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> fatt<span class=\"_ _1\"></span>ure <span class=\"_ _1\"></span>e fa<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>ure d<span class=\"_ _0\"></span>a ric<span class=\"_ _1\"></span>ev<span class=\"_ _0\"></span>ere<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f0 y19c7 w5e6 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">16.26<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f1 y19c7 w5e7 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">12.<span class=\"_ _0\"></span>515<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19c8 w5e8 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> il<span class=\"_ _3\"></span> pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>so<span class=\"_ _3\"></span>nale <span class=\"_ _1\"></span>ed<span class=\"_ _0\"></span> en<span class=\"_ _3\"></span>ti <span class=\"_ _3\"></span>prev<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>zia<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f2 y19c8 w5e6 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>894<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f3 y19c8 w5e9 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">29.<span class=\"_ _0\"></span>812<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19c9 w5ea h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">Ri<span class=\"_ _1\"></span>tenu<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>impo<span class=\"_ _3\"></span>ste <span class=\"_ _1\"></span>so<span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>itu<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>iv<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>da<span class=\"_ _0\"></span> versar<span class=\"_ _0\"></span>e (Redd<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i OIC<span class=\"_ _0\"></span>R<span class=\"_ _1\"></span>/FP/<span class=\"_ _1\"></span>G<span class=\"_ _3\"></span>P)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f4 y19c9 w5e9 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">29.<span class=\"_ _0\"></span>124<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f5 y19c9 w5e6 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>2.359<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19cb w5eb h3a0\"><div class=\"t m2b x17f hd3 y19ca ff1f fs4a fc1 sc0 ls0 ws0\">Alt<span class=\"_ _1\"></span>re pass<span class=\"_ _3\"></span>ivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _0\"></span><span class=\"_ gs73e\"> </span><span class=\"_ _3\"></span> v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> l<span class=\"_ _3\"></span>'<span class=\"_ _0\"></span>Erar<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span> (Irpe<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Iv<span class=\"_ _0\"></span>a,<span class=\"_ _0\"></span> alt<span class=\"_ _3\"></span>ro)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f6 y19cb w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>311<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f7 y19cb w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>949<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19cc w5ed h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>per i<span class=\"_ _1\"></span>mpo<span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> di bol<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>o Virtu<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f8 y19cc w5ee h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>214<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f9 y19cc w5ee h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>335<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19cd w5ef h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> ex<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>soc<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>per partit<span class=\"_ _3\"></span>e p<span class=\"_ _1\"></span>reg<span class=\"_ _0\"></span>ress<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6fa y19cd w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">8.<span class=\"_ _0\"></span>835<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6fb y19cd w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">8.<span class=\"_ _0\"></span>835<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ce w5f0 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> verso<span class=\"_ _3\"></span> gli<span class=\"_ _1\"></span> Azion<span class=\"_ _3\"></span>ist<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>per d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>idendi<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6fc y19ce w5f1 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19cf w5f2 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Ratei <span class=\"_ _1\"></span>e ris<span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> pass<span class=\"_ _3\"></span>ivi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6fd y19cf w5f3 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">171<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6fe y19cf w5f3 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">122<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19d0 w5f4 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iversi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ff y19d0 w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">2.30<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x700 y19d0 w5f5 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">1.452<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w5f6 h369\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">Tota<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x701 y16d8 w5f7 h369\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">81.11<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x702 y16d8 w5f8 h369\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">89.<span class=\"_ _0\"></span>379<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs73f\">Nella <span class=\"_ _0\"></span>voc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>\u201cAltre <span class=\"_ _0\"></span>passivit\u00e0\u201d <span class=\"_ _0\"></span>so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o, <span class=\"_ _0\"></span>tra <span class=\"_ _0\"></span>l\u2019altro, <span class=\"_ _0\"></span>ricomp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esi: <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>debiti <span class=\"_ _0\"></span>verso <span class=\"_ _0\"></span>fornitori, <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>debi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>verso <span class=\"_ _0\"></span>gli </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs740\">Enti <span class=\"_ _1f\"> </span>previdenziali <span class=\"_ _16\"> </span>ed <span class=\"_ _1f\"> </span>il <span class=\"_ _1f\"> </span>personale <span class=\"_ _1f\"> </span>dipendente <span class=\"_ _16\"> </span>(si <span class=\"_ _1f\"> </span>ev<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>denzia <span class=\"_ _1f\"> </span>che <span class=\"_ _16\"> </span>n<span class=\"_ _0\"></span>ell\u2019eser<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>izi<span class=\"_ _1\"></span>o, <span class=\"_ _1f\"> </span>la <span class=\"_ _1f\"> </span>componente <span class=\"_ _16\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs741\">remunerazione <span class=\"_ _0\"></span>variabile <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>pers<span class=\"_ _1\"></span>onale <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _0\"></span>Euro <span class=\"_ _b\"></span>26,8 <span class=\"_ _0\"></span>milioni <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stata <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tabi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>izza<span class=\"_ _1\"></span>ta <span class=\"_ _0\"></span>nella <span class=\"_ _b\"></span>voce </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs742\">\u201c100. <span class=\"_ _6\"></span>Fondi <span class=\"_ _6\"></span>per <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chi <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>oneri <span class=\"_ _5\"></span>\u2013 <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>) <span class=\"_ _5\"></span>altri <span class=\"_ _6\"></span>fondi <span class=\"_ _6\"></span>per <span class=\"_ _5\"></span>rischi <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>oner<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span>), <span class=\"_ _6\"></span>(iii) <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>debiti <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ite<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ute <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>imposte </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs743\">sostitutive <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>versare<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>all\u2019erario <span class=\"_ _0\"></span>principalme<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>conto <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>prodotti <span class=\"_ _0\"></span>gestiti,<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>(iv) <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>debiti <span class=\"_ _0\"></span>derivant<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>da </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs744\">rapporti d<span class=\"_ _1\"></span>i c<span class=\"_ _1\"></span>onsolidato <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>cale pre<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ressi <span class=\"_ _3\"></span>e da<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li a<span class=\"_ _3\"></span>ccordi sottos<span class=\"_ _3\"></span>cri<span class=\"_ _0\"></span>tti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>la Societ\u00e0 <span class=\"_ _3\"></span>nel di<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>embre <span class=\"_ _1\"></span>del <span class=\"_ _3\"></span>2010 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs745\">con ex soci, (v) i ratei e i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>risc<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nti passi<span class=\"_ _1\"></span>vi e altri debit<span class=\"_ _1\"></span>i diversi.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs746\">Il <span class=\"_ _0\"></span>contributo <span class=\"_ _0\"></span>alla v<span class=\"_ _0\"></span>oce <span class=\"_ _0\"></span>deri<span class=\"_ _1\"></span>vante <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>pari <span class=\"_ _b\"></span>a c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>14,1 m<span class=\"_ _0\"></span>il<span class=\"_ _1\"></span>ioni, <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>Vita <span class=\"_ _0\"></span>Srl <span class=\"_ _0\"></span>per </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs747\">un importo pari a cir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a Euro 2,<span class=\"_ _1\"></span>1 milioni.<span class=\"_ _1\"></span> </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-511": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 12 \u2013 Altre attivit\u00e0 \u2013 Voce 120 12.1 Altre attivit\u00e0:<span class=\"_ _1\"></span> composizione<span class=\"_ _1\"></span> <table class=\"s w58c h39b\" id=\"_b919d28e-d24b-44d2-b6bd-25a8ab0dae7c\"><tr><td class=\"c n x1a9 y1996 w58d h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">Dett<span class=\"_ _0\"></span>agl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o/V<span class=\"_ _0\"></span>alo<span class=\"_ _0\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x690 y1996 w58e h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x691 y1996 w58f h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1997 w590 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">1. Att<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>er cre<span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i vers<span class=\"_ _1\"></span>o l'E<span class=\"_ _0\"></span>rario<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x692 y1997 w591 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">21.76<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x693 y1997 w592 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">15.<span class=\"_ _0\"></span>920<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1998 w593 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">I<span class=\"_ _3\"></span>stanza<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di ri<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>borso<span class=\"_ _3\"></span> I<span class=\"_ _1\"></span>R<span class=\"_ _0\"></span>E<span class=\"_ _1\"></span>S p<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>duzi<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e IRAP<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x694 y1998 w594 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x695 y1998 w594 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1999 w595 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Cred<span class=\"_ _0\"></span>iti<span class=\"_ _3\"></span> ver<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o l<span class=\"_ _3\"></span>'er<span class=\"_ _0\"></span>ario <span class=\"_ _3\"></span>per IVA<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x696 y1999 w596 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">45<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x697 y1999 w596 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">76<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199a w597 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Bo<span class=\"_ _3\"></span>llo<span class=\"_ _3\"></span> Virtu<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x698 y199a w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">9.9<span class=\"_ _0\"></span>67<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x699 y199a w599 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>346<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199b w59a h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Altr<span class=\"_ _1\"></span>i crediti<span class=\"_ _3\"></span> v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> Era<span class=\"_ _0\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69a y199b w59b h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">11.<span class=\"_ _0\"></span>596<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69b y199b w59c h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>0.3<span class=\"_ _0\"></span>37<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199c w59d h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">2. C<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>edit<span class=\"_ _0\"></span>i di<span class=\"_ _0\"></span>vers<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69c y199c w592 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">26<span class=\"_ _0\"></span>.248<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69d y199c w591 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>0.541<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199d w59e h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Ratei<span class=\"_ _1\"></span> e ri<span class=\"_ _1\"></span>sco<span class=\"_ _3\"></span>nti<span class=\"_ _3\"></span> att<span class=\"_ _3\"></span>ivi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69e y199d w59f h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.697<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69f y199d w5a0 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">8.1<span class=\"_ _0\"></span>64<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199e w5a1 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Ri<span class=\"_ _3\"></span>scon<span class=\"_ _3\"></span>ti<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>er commis<span class=\"_ _3\"></span>s. u<span class=\"_ _3\"></span>na tant<span class=\"_ _3\"></span>um p<span class=\"_ _1\"></span>aga<span class=\"_ _0\"></span>te ai<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>ll<span class=\"_ _3\"></span>ocatori<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a0 y199e w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>774<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a1 y199e w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>089<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199f w5a2 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Cred<span class=\"_ _0\"></span>iti<span class=\"_ _3\"></span> pe<span class=\"_ _1\"></span>r i<span class=\"_ _1\"></span>st<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nze ri<span class=\"_ _1\"></span>mb<span class=\"_ _0\"></span>. I<span class=\"_ _1\"></span>R<span class=\"_ _0\"></span>E<span class=\"_ _1\"></span>S d<span class=\"_ _0\"></span>a ded<span class=\"_ _0\"></span>uz. IRAP<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a2 y199f w599 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span>91<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a3 y199f w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>130<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a0 w5a3 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Cred<span class=\"_ _0\"></span>iti<span class=\"_ _3\"></span> pe<span class=\"_ _1\"></span>r i<span class=\"_ _1\"></span>ndenizi<span class=\"_ _3\"></span> da<span class=\"_ _0\"></span>  e<span class=\"_ _1\"></span>x<span class=\"_ _0\"></span> s<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a4 y19a0 w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _0\"></span>04<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a5 y19a0 w599 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>304<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a1 w5a4 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Altr<span class=\"_ _1\"></span>e atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a6 y19a1 w599 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">4.23<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a7 y19a1 w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _0\"></span>66<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a2 w5a5 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Miglio<span class=\"_ _3\"></span>rie s<span class=\"_ _3\"></span>u <span class=\"_ _1\"></span>b<span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>i di <span class=\"_ _1\"></span>terzi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a8 y19a2 w5a6 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">950<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a9 y19a2 w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>188<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x6aa y16d8 w5a7 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ab y16d8 w5a8 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>8.01<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ac y16d8 w591 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">36.4<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella voce <span class=\"_ _0\"></span>\u201cAltre attivit\u00e0\u201d<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sono r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tati (i) <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>cr<span class=\"_ _3\"></span>edi<span class=\"_ _0\"></span>ti verso l\u2019Erario <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r c<span class=\"_ _0\"></span>irca Euro 21,8 m<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>lioni, <span class=\"_ _0\"></span>(i<span class=\"_ _1\"></span>i) i risconti <span class=\"_ _c\"> </span>e <span class=\"_ _211\"> </span>r<span class=\"_ _0\"></span>atei<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>circa  E<span class=\"_ _0\"></span>uro<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>13,7 <span class=\"_ _c\"> </span>mili<span class=\"_ _1\"></span>oni, <span class=\"_ _211\"> </span>(<span class=\"_ _0\"></span>iii)  i <span class=\"_ _c\"> </span>risconti <span class=\"_ _211\"> </span>per <span class=\"_ _c\"> </span>commission<span class=\"_ _1\"></span>i <span class=\"_ _211\"> </span>u<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>tantum <span class=\"_ _211\"> </span>pagate <span class=\"_ _211\"> </span>ai collocatori <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>Fondi <span class=\"_ _0\"></span>Forza, <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _b\"></span>P<span class=\"_ _1\"></span>i\u00f9 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>la <span class=\"_ _0\"></span>Sicav<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Anima <span class=\"_ _0\"></span>Funds <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>circa <span class=\"_ _b\"></span>Euro <span class=\"_ _0\"></span>2,8 <span class=\"_ _b\"></span>milioni<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>(iv) <span class=\"_ _b\"></span>i crediti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ivanti dal<span class=\"_ _3\"></span>le ista<span class=\"_ _1\"></span>nze d<span class=\"_ _3\"></span>i rimbo<span class=\"_ _1\"></span>rso IR<span class=\"_ _3\"></span>ES per<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>manc<span class=\"_ _0\"></span>ata <span class=\"_ _3\"></span>deduzio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>ll\u2019IRAP <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>lativa a<span class=\"_ _3\"></span>lle spese<span class=\"_ _3\"></span> per il personale dipendente e assimilato (ai se<span class=\"_ _1\"></span>nsi d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019a<span class=\"_ _3\"></span>rt. 2 c<span class=\"_ _0\"></span>omma 1-quater, De<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>reto Legge n. 201/2011<span class=\"_ _1\"></span>), relativa <span class=\"_ _5\"></span>ai <span class=\"_ _6\"></span>pe<span class=\"_ _1\"></span>riodi <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>\u2019<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mposta<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>2004\u20132011, <span class=\"_ _6\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Euro <span class=\"_ _5\"></span>1,3 <span class=\"_ _5\"></span>milioni, <span class=\"_ _5\"></span>(v) <span class=\"_ _5\"></span>crediti <span class=\"_ _5\"></span>dovuti <span class=\"_ _5\"></span>da <span class=\"_ _6\"></span>ex <span class=\"_ _5\"></span>soci <span class=\"_ _5\"></span>per<span class=\"_ _4a1\"> </span>indennizzi ai sensi degli ac<span class=\"_ _1\"></span>cordi sottoscritti <span class=\"_ _1\"></span>dalla Societ\u00e0 nel di<span class=\"_ _1\"></span>cembre 2010 per circa Eur<span class=\"_ _1\"></span>o 3,3 milioni, (vi) alt<span class=\"_ _1\"></span>re attivit\u00e0 <span class=\"_ _3\"></span>per circa <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>uro <span class=\"_ _3\"></span>4,2<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>milioni e <span class=\"_ _3\"></span>(vii) atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>per migliorie <span class=\"_ _3\"></span>su<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>terzi pe<span class=\"_ _1\"></span>r Euro <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mili<span class=\"_ _1\"></span>oni.<span class=\"_ _4a1\"> </span>Il <span class=\"_ _0\"></span>contributo <span class=\"_ _0\"></span>alla v<span class=\"_ _0\"></span>oce \u201c1<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>0 <span class=\"_ _0\"></span>- <span class=\"_ _0\"></span>Altre <span class=\"_ _0\"></span>attivit\u00e0\u201d <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>riv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nte <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>13,1 <span class=\"_ _0\"></span>milioni <span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span>derivante da Vita S<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>l per circa <span class=\"_ _1\"></span>Euro 2 milioni.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-487": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 12 \u2013 Altre attivit\u00e0 \u2013 Voce 120 12.1 Altre attivit\u00e0:<span class=\"_ _1\"></span> composizione<span class=\"_ _1\"></span> <table class=\"s w58c h39b\" id=\"_b919d28e-d24b-44d2-b6bd-25a8ab0dae7c\"><tr><td class=\"c n x1a9 y1996 w58d h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">Dett<span class=\"_ _0\"></span>agl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o/V<span class=\"_ _0\"></span>alo<span class=\"_ _0\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x690 y1996 w58e h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x691 y1996 w58f h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1997 w590 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">1. Att<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>er cre<span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i vers<span class=\"_ _1\"></span>o l'E<span class=\"_ _0\"></span>rario<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x692 y1997 w591 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">21.76<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x693 y1997 w592 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">15.<span class=\"_ _0\"></span>920<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1998 w593 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">I<span class=\"_ _3\"></span>stanza<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di ri<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>borso<span class=\"_ _3\"></span> I<span class=\"_ _1\"></span>R<span class=\"_ _0\"></span>E<span class=\"_ _1\"></span>S p<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>duzi<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e IRAP<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x694 y1998 w594 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x695 y1998 w594 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1999 w595 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Cred<span class=\"_ _0\"></span>iti<span class=\"_ _3\"></span> ver<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o l<span class=\"_ _3\"></span>'er<span class=\"_ _0\"></span>ario <span class=\"_ _3\"></span>per IVA<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x696 y1999 w596 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">45<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x697 y1999 w596 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">76<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199a w597 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Bo<span class=\"_ _3\"></span>llo<span class=\"_ _3\"></span> Virtu<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x698 y199a w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">9.9<span class=\"_ _0\"></span>67<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x699 y199a w599 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>346<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199b w59a h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Altr<span class=\"_ _1\"></span>i crediti<span class=\"_ _3\"></span> v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> Era<span class=\"_ _0\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69a y199b w59b h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">11.<span class=\"_ _0\"></span>596<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69b y199b w59c h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>0.3<span class=\"_ _0\"></span>37<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199c w59d h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">2. C<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>edit<span class=\"_ _0\"></span>i di<span class=\"_ _0\"></span>vers<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69c y199c w592 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">26<span class=\"_ _0\"></span>.248<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69d y199c w591 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>0.541<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199d w59e h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Ratei<span class=\"_ _1\"></span> e ri<span class=\"_ _1\"></span>sco<span class=\"_ _3\"></span>nti<span class=\"_ _3\"></span> att<span class=\"_ _3\"></span>ivi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69e y199d w59f h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.697<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69f y199d w5a0 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">8.1<span class=\"_ _0\"></span>64<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199e w5a1 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Ri<span class=\"_ _3\"></span>scon<span class=\"_ _3\"></span>ti<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>er commis<span class=\"_ _3\"></span>s. u<span class=\"_ _3\"></span>na tant<span class=\"_ _3\"></span>um p<span class=\"_ _1\"></span>aga<span class=\"_ _0\"></span>te ai<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>ll<span class=\"_ _3\"></span>ocatori<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a0 y199e w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>774<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a1 y199e w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>089<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199f w5a2 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Cred<span class=\"_ _0\"></span>iti<span class=\"_ _3\"></span> pe<span class=\"_ _1\"></span>r i<span class=\"_ _1\"></span>st<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nze ri<span class=\"_ _1\"></span>mb<span class=\"_ _0\"></span>. I<span class=\"_ _1\"></span>R<span class=\"_ _0\"></span>E<span class=\"_ _1\"></span>S d<span class=\"_ _0\"></span>a ded<span class=\"_ _0\"></span>uz. IRAP<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a2 y199f w599 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span>91<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a3 y199f w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>130<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a0 w5a3 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Cred<span class=\"_ _0\"></span>iti<span class=\"_ _3\"></span> pe<span class=\"_ _1\"></span>r i<span class=\"_ _1\"></span>ndenizi<span class=\"_ _3\"></span> da<span class=\"_ _0\"></span>  e<span class=\"_ _1\"></span>x<span class=\"_ _0\"></span> s<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a4 y19a0 w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _0\"></span>04<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a5 y19a0 w599 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>304<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a1 w5a4 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Altr<span class=\"_ _1\"></span>e atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a6 y19a1 w599 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">4.23<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a7 y19a1 w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _0\"></span>66<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a2 w5a5 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Miglio<span class=\"_ _3\"></span>rie s<span class=\"_ _3\"></span>u <span class=\"_ _1\"></span>b<span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>i di <span class=\"_ _1\"></span>terzi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a8 y19a2 w5a6 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">950<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a9 y19a2 w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>188<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x6aa y16d8 w5a7 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ab y16d8 w5a8 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>8.01<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ac y16d8 w591 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">36.4<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella voce <span class=\"_ _0\"></span>\u201cAltre attivit\u00e0\u201d<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sono r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tati (i) <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>cr<span class=\"_ _3\"></span>edi<span class=\"_ _0\"></span>ti verso l\u2019Erario <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r c<span class=\"_ _0\"></span>irca Euro 21,8 m<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>lioni, <span class=\"_ _0\"></span>(i<span class=\"_ _1\"></span>i) i risconti <span class=\"_ _c\"> </span>e <span class=\"_ _211\"> </span>r<span class=\"_ _0\"></span>atei<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>circa  E<span class=\"_ _0\"></span>uro<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>13,7 <span class=\"_ _c\"> </span>mili<span class=\"_ _1\"></span>oni, <span class=\"_ _211\"> </span>(<span class=\"_ _0\"></span>iii)  i <span class=\"_ _c\"> </span>risconti <span class=\"_ _211\"> </span>per <span class=\"_ _c\"> </span>commission<span class=\"_ _1\"></span>i <span class=\"_ _211\"> </span>u<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>tantum <span class=\"_ _211\"> </span>pagate <span class=\"_ _211\"> </span>ai collocatori <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>Fondi <span class=\"_ _0\"></span>Forza, <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _b\"></span>P<span class=\"_ _1\"></span>i\u00f9 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>la <span class=\"_ _0\"></span>Sicav<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Anima <span class=\"_ _0\"></span>Funds <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>circa <span class=\"_ _b\"></span>Euro <span class=\"_ _0\"></span>2,8 <span class=\"_ _b\"></span>milioni<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>(iv) <span class=\"_ _b\"></span>i crediti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ivanti dal<span class=\"_ _3\"></span>le ista<span class=\"_ _1\"></span>nze d<span class=\"_ _3\"></span>i rimbo<span class=\"_ _1\"></span>rso IR<span class=\"_ _3\"></span>ES per<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>manc<span class=\"_ _0\"></span>ata <span class=\"_ _3\"></span>deduzio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>ll\u2019IRAP <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>lativa a<span class=\"_ _3\"></span>lle spese<span class=\"_ _3\"></span> per il personale dipendente e assimilato (ai se<span class=\"_ _1\"></span>nsi d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019a<span class=\"_ _3\"></span>rt. 2 c<span class=\"_ _0\"></span>omma 1-quater, De<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>reto Legge n. 201/2011<span class=\"_ _1\"></span>), relativa <span class=\"_ _5\"></span>ai <span class=\"_ _6\"></span>pe<span class=\"_ _1\"></span>riodi <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>\u2019<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mposta<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>2004\u20132011, <span class=\"_ _6\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Euro <span class=\"_ _5\"></span>1,3 <span class=\"_ _5\"></span>milioni, <span class=\"_ _5\"></span>(v) <span class=\"_ _5\"></span>crediti <span class=\"_ _5\"></span>dovuti <span class=\"_ _5\"></span>da <span class=\"_ _6\"></span>ex <span class=\"_ _5\"></span>soci <span class=\"_ _5\"></span>per<span class=\"_ _4a1\"> </span><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs12c\">indennizzi ai sensi degli ac<span class=\"_ _1\"></span>cordi sottoscritti <span class=\"_ _1\"></span>dalla Societ\u00e0 nel di<span class=\"_ _1\"></span>cembre 2010 per circa Eur<span class=\"_ _1\"></span>o 3,3 milioni, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs12d\">(vi) alt<span class=\"_ _1\"></span>re attivit\u00e0 <span class=\"_ _3\"></span>per circa <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>uro <span class=\"_ _3\"></span>4,2<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>milioni e <span class=\"_ _3\"></span>(vii) atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>per migliorie <span class=\"_ _3\"></span>su<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>terzi pe<span class=\"_ _1\"></span>r Euro <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mili<span class=\"_ _1\"></span>oni.<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs12e\">Il <span class=\"_ _0\"></span>contributo <span class=\"_ _0\"></span>alla v<span class=\"_ _0\"></span>oce \u201c1<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>0 <span class=\"_ _0\"></span>- <span class=\"_ _0\"></span>Altre <span class=\"_ _0\"></span>attivit\u00e0\u201d <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>riv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nte <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>13,1 <span class=\"_ _0\"></span>milioni <span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs12f\">derivante da Vita S<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>l per circa <span class=\"_ _1\"></span>Euro 2 milioni.<span class=\"_ _3\"></span> </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-33": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 12 \u2013 Altre attivit\u00e0 \u2013 Voce 120 12.1 Altre attivit\u00e0:<span class=\"_ _1\"></span> composizione<span class=\"_ _1\"></span> <table class=\"s w58c h39b\" id=\"_b919d28e-d24b-44d2-b6bd-25a8ab0dae7c\"><tr><td class=\"c n x1a9 y1996 w58d h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">Dett<span class=\"_ _0\"></span>agl<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o/V<span class=\"_ _0\"></span>alo<span class=\"_ _0\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x690 y1996 w58e h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x691 y1996 w58f h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1997 w590 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">1. Att<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>er cre<span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i vers<span class=\"_ _1\"></span>o l'E<span class=\"_ _0\"></span>rario<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x692 y1997 w591 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">21.76<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x693 y1997 w592 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">15.<span class=\"_ _0\"></span>920<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1998 w593 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">I<span class=\"_ _3\"></span>stanza<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di ri<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>borso<span class=\"_ _3\"></span> I<span class=\"_ _1\"></span>R<span class=\"_ _0\"></span>E<span class=\"_ _1\"></span>S p<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>duzi<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e IRAP<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x694 y1998 w594 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x695 y1998 w594 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1999 w595 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Cred<span class=\"_ _0\"></span>iti<span class=\"_ _3\"></span> ver<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o l<span class=\"_ _3\"></span>'er<span class=\"_ _0\"></span>ario <span class=\"_ _3\"></span>per IVA<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x696 y1999 w596 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">45<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x697 y1999 w596 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">76<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199a w597 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Bo<span class=\"_ _3\"></span>llo<span class=\"_ _3\"></span> Virtu<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x698 y199a w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">9.9<span class=\"_ _0\"></span>67<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x699 y199a w599 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>346<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199b w59a h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Altr<span class=\"_ _1\"></span>i crediti<span class=\"_ _3\"></span> v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> Era<span class=\"_ _0\"></span>ri<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69a y199b w59b h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">11.<span class=\"_ _0\"></span>596<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69b y199b w59c h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>0.3<span class=\"_ _0\"></span>37<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199c w59d h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">2. C<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>edit<span class=\"_ _0\"></span>i di<span class=\"_ _0\"></span>vers<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69c y199c w592 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">26<span class=\"_ _0\"></span>.248<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69d y199c w591 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>0.541<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199d w59e h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Ratei<span class=\"_ _1\"></span> e ri<span class=\"_ _1\"></span>sco<span class=\"_ _3\"></span>nti<span class=\"_ _3\"></span> att<span class=\"_ _3\"></span>ivi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69e y199d w59f h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.697<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x69f y199d w5a0 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">8.1<span class=\"_ _0\"></span>64<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199e w5a1 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Ri<span class=\"_ _3\"></span>scon<span class=\"_ _3\"></span>ti<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>er commis<span class=\"_ _3\"></span>s. u<span class=\"_ _3\"></span>na tant<span class=\"_ _3\"></span>um p<span class=\"_ _1\"></span>aga<span class=\"_ _0\"></span>te ai<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>ll<span class=\"_ _3\"></span>ocatori<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a0 y199e w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>774<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a1 y199e w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>089<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y199f w5a2 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Cred<span class=\"_ _0\"></span>iti<span class=\"_ _3\"></span> pe<span class=\"_ _1\"></span>r i<span class=\"_ _1\"></span>st<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nze ri<span class=\"_ _1\"></span>mb<span class=\"_ _0\"></span>. I<span class=\"_ _1\"></span>R<span class=\"_ _0\"></span>E<span class=\"_ _1\"></span>S d<span class=\"_ _0\"></span>a ded<span class=\"_ _0\"></span>uz. IRAP<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a2 y199f w599 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span>91<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a3 y199f w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>130<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a0 w5a3 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Cred<span class=\"_ _0\"></span>iti<span class=\"_ _3\"></span> pe<span class=\"_ _1\"></span>r i<span class=\"_ _1\"></span>ndenizi<span class=\"_ _3\"></span> da<span class=\"_ _0\"></span>  e<span class=\"_ _1\"></span>x<span class=\"_ _0\"></span> s<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a4 y19a0 w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">3.3<span class=\"_ _0\"></span>04<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a5 y19a0 w599 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>304<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a1 w5a4 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Altr<span class=\"_ _1\"></span>e atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>t\u00e0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a6 y19a1 w599 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">4.23<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a7 y19a1 w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1.6<span class=\"_ _0\"></span>66<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a2 w5a5 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">Miglio<span class=\"_ _3\"></span>rie s<span class=\"_ _3\"></span>u <span class=\"_ _1\"></span>b<span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>i di <span class=\"_ _1\"></span>terzi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a8 y19a2 w5a6 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">950<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6a9 y19a2 w598 h384\"><div class=\"t m25 x17f hc4 y1957 ff2 fs45 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>188<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x6aa y16d8 w5a7 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">T<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ab y16d8 w5a8 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>8.01<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ac y16d8 w591 h37c\"><div class=\"t m25 x17f hc3 y182a ff3 fs45 fc1 sc0 ls0 ws0\">36.4<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella voce <span class=\"_ _0\"></span>\u201cAltre attivit\u00e0\u201d<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sono r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tati (i) <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>cr<span class=\"_ _3\"></span>edi<span class=\"_ _0\"></span>ti verso l\u2019Erario <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r c<span class=\"_ _0\"></span>irca Euro 21,8 m<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>lioni, <span class=\"_ _0\"></span>(i<span class=\"_ _1\"></span>i) i risconti <span class=\"_ _c\"> </span>e <span class=\"_ _211\"> </span>r<span class=\"_ _0\"></span>atei<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>circa  E<span class=\"_ _0\"></span>uro<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>13,7 <span class=\"_ _c\"> </span>mili<span class=\"_ _1\"></span>oni, <span class=\"_ _211\"> </span>(<span class=\"_ _0\"></span>iii)  i <span class=\"_ _c\"> </span>risconti <span class=\"_ _211\"> </span>per <span class=\"_ _c\"> </span>commission<span class=\"_ _1\"></span>i <span class=\"_ _211\"> </span>u<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>tantum <span class=\"_ _211\"> </span>pagate <span class=\"_ _211\"> </span>ai collocatori <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>Fondi <span class=\"_ _0\"></span>Forza, <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _b\"></span>P<span class=\"_ _1\"></span>i\u00f9 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>per<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>la <span class=\"_ _0\"></span>Sicav<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Anima <span class=\"_ _0\"></span>Funds <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>circa <span class=\"_ _b\"></span>Euro <span class=\"_ _0\"></span>2,8 <span class=\"_ _b\"></span>milioni<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>(iv) <span class=\"_ _b\"></span>i crediti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ivanti dal<span class=\"_ _3\"></span>le ista<span class=\"_ _1\"></span>nze d<span class=\"_ _3\"></span>i rimbo<span class=\"_ _1\"></span>rso IR<span class=\"_ _3\"></span>ES per<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>manc<span class=\"_ _0\"></span>ata <span class=\"_ _3\"></span>deduzio<span class=\"_ _1\"></span>ne de<span class=\"_ _1\"></span>ll\u2019IRAP <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>lativa a<span class=\"_ _3\"></span>lle spese<span class=\"_ _3\"></span> per il personale dipendente e assimilato (ai se<span class=\"_ _1\"></span>nsi d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019a<span class=\"_ _3\"></span>rt. 2 c<span class=\"_ _0\"></span>omma 1-quater, De<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>reto Legge n. 201/2011<span class=\"_ _1\"></span>), relativa <span class=\"_ _5\"></span>ai <span class=\"_ _6\"></span>pe<span class=\"_ _1\"></span>riodi <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>\u2019<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mposta<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>2004\u20132011, <span class=\"_ _6\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Euro <span class=\"_ _5\"></span>1,3 <span class=\"_ _5\"></span>milioni, <span class=\"_ _5\"></span>(v) <span class=\"_ _5\"></span>crediti <span class=\"_ _5\"></span>dovuti <span class=\"_ _5\"></span>da <span class=\"_ _6\"></span>ex <span class=\"_ _5\"></span>soci <span class=\"_ _5\"></span>per<span class=\"_ _4a1\"> </span>indennizzi ai sensi degli ac<span class=\"_ _1\"></span>cordi sottoscritti <span class=\"_ _1\"></span>dalla Societ\u00e0 nel di<span class=\"_ _1\"></span>cembre 2010 per circa Eur<span class=\"_ _1\"></span>o 3,3 milioni, (vi) alt<span class=\"_ _1\"></span>re attivit\u00e0 <span class=\"_ _3\"></span>per circa <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>uro <span class=\"_ _3\"></span>4,2<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>milioni e <span class=\"_ _3\"></span>(vii) atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>per migliorie <span class=\"_ _3\"></span>su<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>terzi pe<span class=\"_ _1\"></span>r Euro <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mili<span class=\"_ _1\"></span>oni.<span class=\"_ _4a1\"> </span>Il <span class=\"_ _0\"></span>contributo <span class=\"_ _0\"></span>alla v<span class=\"_ _0\"></span>oce \u201c1<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>0 <span class=\"_ _0\"></span>- <span class=\"_ _0\"></span>Altre <span class=\"_ _0\"></span>attivit\u00e0\u201d <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>riv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nte <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>13,1 <span class=\"_ _0\"></span>milioni <span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span>derivante da Vita S<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>l per circa <span class=\"_ _1\"></span>Euro 2 milioni.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-34": {
   "value": "PASSIV<span class=\"_ _0\"></span>O<span class=\"_ _1\"></span><span class=\"ff2\"> </span>Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 1 \u2013 Passivit\u00e0 finanziarie val<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>ate al costo ammo<span class=\"_ _1\"></span>rtiz<span class=\"_ _0\"></span>zato <span class=\"_ _3\"></span>\u2013 V<span class=\"_ _0\"></span>oce 10<span class=\"_ _1\"></span> 1.1<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Passivit\u00e0 finanziarie valutate al c<span class=\"_ _0\"></span>osto<span class=\"_ _1\"></span> ammortizzato:<span class=\"_ _0\"></span> composizi<span class=\"_ _1\"></span>one merceologica dei debiti</span></span><table class=\"s w5a9 h39c\" id=\"_aa13623e-59a2-4126-b9b7-a3d51fa5b324\"><tr><td class=\"c n x1a9 y19a4 w5aa h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>tt<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>o/<span class=\"_ _0\"></span>Valo<span class=\"_ _0\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ad y19a4 w5ab h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ae y19a4 w5ac h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a5 w5ad h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti verso<span class=\"_ _3\"></span> reti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>ve<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ta:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6af y19a5 w5ae h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">167.<span class=\"_ _0\"></span>258<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b0 y19a5 w5af h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">148<span class=\"_ _0\"></span>.56<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a6 w5b0 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o OIC<span class=\"_ _0\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b1 y19a6 w5b1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">163.13<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b2 y19a6 w5b2 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">14<span class=\"_ _0\"></span>4.9<span class=\"_ _0\"></span>80<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a7 w5b3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i in<span class=\"_ _3\"></span>div<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b3 y19a7 w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>565<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b4 y19a7 w5b5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.48<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a8 w5b6 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o fon<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> pen<span class=\"_ _3\"></span>si<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b5 y19a8 w5b7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.561<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b6 y19a8 w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>102<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a9 w5b8 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>\u00e0 d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span>ne:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b7 y19a9 w5b9 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3.356<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b8 y19a9 w5b5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>210<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19aa w5ba h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>per gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> pro<span class=\"_ _3\"></span>prie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b9 y19aa w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>292<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y19ab w5bb h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>per gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> ricevut<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>in<span class=\"_ _3\"></span> de<span class=\"_ _0\"></span>le<span class=\"_ _1\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ba y19ab w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.062<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bb y19ab w5bc h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span>93<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ac w5bd h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>per alt<span class=\"_ _1\"></span>ro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bc y19ac w5be h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bd y19ac w5bf h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">17<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ad w5c0 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er altri <span class=\"_ _3\"></span>servizi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6be y19ad w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bf y19ad w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ae w5c2 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c0 y19ae w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">44.92<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c1 y19ae w5c4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>2.6<span class=\"_ _0\"></span>47<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19af w5c5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>pron<span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>i co<span class=\"_ _3\"></span>nt<span class=\"_ _3\"></span>ro t<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rmi<span class=\"_ _1\"></span>ne<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c2 y19af w5be h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c3 y19af w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b0 w5c6 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>D<span class=\"_ _0\"></span>ebit<span class=\"_ _1\"></span>i p<span class=\"_ _3\"></span>er leasi<span class=\"_ _3\"></span>ng<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c4 y19b0 w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">26.0<span class=\"_ _0\"></span>90<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c5 y19b0 w5c7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>917<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b1 w5c8 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>tri deb<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c6 y19b1 w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">18.8<span class=\"_ _0\"></span>39<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c7 y19b1 w5c7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">13.7<span class=\"_ _0\"></span>30<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b3 w5c9 h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c8 y19b3 w5ca h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">215.54<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c9 y19b3 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">18<span class=\"_ _0\"></span>3.42<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m29 x1fd hc7 y19b4 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 1<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19b6 w5cc h39d\"><div class=\"t m29 x17f hc7 y19b5 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ca y19b7 w5cd h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">196.7<span class=\"_ _0\"></span>33<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cb y19b7 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>69.75<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b8 w5cc h39d\"><div class=\"t m29 x17f hc7 y19b5 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cc y19b9 w5ce h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">18.810<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cd y19b9 w5cf h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">13.6<span class=\"_ _0\"></span>65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w5d0 h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale fair<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>val<span class=\"_ _0\"></span>ue<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ce y16d8 w5ca h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">215.54<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cf y16d8 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>83.42<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr></table>I <span class=\"_ _b\"></span>valor<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>ind<span class=\"_ _1\"></span>icati <span class=\"_ _b\"></span>nella <span class=\"_ _b\"></span>sottovoce <span class=\"_ _b\"></span>\u201c1. <span class=\"_ _b\"></span>Debiti <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erso <span class=\"_ _b\"></span>ret<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>endita\u201d <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>riconducibili <span class=\"_ _b\"></span>quasi <span class=\"_ _b\"></span>interame<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>te alle <span class=\"_ _e\"> </span>commissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _d\"> </span>da <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>iconos<span class=\"_ _1\"></span>cere <span class=\"_ _e\"> </span>ai <span class=\"_ _d\"> </span>di<span class=\"_ _0\"></span>str<span class=\"_ _1\"></span>ibutori <span class=\"_ _d\"> </span>dei <span class=\"_ _19\"> </span>prod<span class=\"_ _1\"></span>otti <span class=\"_ _d\"> </span>i<span class=\"_ _0\"></span>stitu<span class=\"_ _1\"></span>iti <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>gestiti <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>Gruppo; <span class=\"_ _e\"> </span>tali commissioni <span class=\"_ _b\"></span>verrann<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>pagate <span class=\"_ _b\"></span>quasi <span class=\"_ _b\"></span>interamente <span class=\"_ _0\"></span>nel <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rso<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>primo <span class=\"_ _b\"></span>trimestre <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>202<span class=\"_ _1\"></span>5. <span class=\"_ _b\"></span>L\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>um<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to, rispetto <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _b\"></span>2023, <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>principalme<span class=\"_ _1\"></span>nte <span class=\"_ _5\"></span>dovuto <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giori <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mmissioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ollo<span class=\"_ _1\"></span>camento <span class=\"_ _5\"></span>pe<span class=\"_ _1\"></span>r circa Euro 17,2 milio<span class=\"_ _1\"></span>ni. Il contribut<span class=\"_ _1\"></span>o di Kairos alla s<span class=\"_ _1\"></span>ottovoce \u00e8 pari a ci<span class=\"_ _1\"></span>rca Euro 2,7 milio<span class=\"_ _1\"></span>ni. Nella <span class=\"_ _1d\"> </span>sottovoce <span class=\"_ _18\"> </span>\u201c2. <span class=\"_ _1d\"> </span>Debiti <span class=\"_ _18\"> </span>per <span class=\"_ _1d\"> </span>attivit\u00e0 <span class=\"_ _1d\"> </span>di <span class=\"_ _18\"> </span>gestione\u201d, <span class=\"_ _18\"> </span>sono<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>evidenziati <span class=\"_ _18\"> </span>i <span class=\"_ _1d\"> </span>debiti <span class=\"_ _18\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>conducibili principalmente <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>commissioni da <span class=\"_ _b\"></span>ricon<span class=\"_ _1\"></span>oscere <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>distributori<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Sica<span class=\"_ _1\"></span>v <span class=\"_ _0\"></span>promosse <span class=\"_ _0\"></span>e/o g<span class=\"_ _0\"></span>estite<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>dal Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> per ci<span class=\"_ _1\"></span>rca 2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1 milioni e (ii) alle commissioni per l\u2019attivit\u00e0 di gestioni di patrimo<span class=\"_ _1\"></span>ni a f<span class=\"_ _0\"></span>av<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re di enti fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>svol<span class=\"_ _0\"></span>te da Ka<span class=\"_ _1\"></span>iros SGR per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>cir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a Euro 1,3 m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>lioni. La <span class=\"_ _5\"></span>sottovoce <span class=\"_ _b\"></span>\u201c<span class=\"_ _0\"></span>4. <span class=\"_ _5\"></span>Alt<span class=\"_ _1\"></span>ri <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>bi<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>4.2 <span class=\"_ _b\"></span>D<span class=\"_ _0\"></span>ebit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>per <span class=\"_ _5\"></span>leasing\u201d <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>costituita <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>debi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>iduo, <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2024, <span class=\"_ _3\"></span>in <span class=\"_ _1\"></span>relazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>ai di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itti <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>\u2019uso <span class=\"_ _3\"></span>isc<span class=\"_ _1\"></span>ritti <span class=\"_ _1\"></span>in <span class=\"_ _3\"></span>all\u2019applicazione <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>principio <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontabi<span class=\"_ _1\"></span>le <span class=\"_ _3\"></span>IFRS <span class=\"_ _3\"></span>16. L<span class=\"_ _3\"></span>\u2019incremento della <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>importo <span class=\"_ _5\"></span>complessivo <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>circa <span class=\"_ _5\"></span>Eu<span class=\"_ _0\"></span>ro <span class=\"_ _5\"></span>14<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>6 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>dovuto <span class=\"_ _5\"></span>princ<span class=\"_ _0\"></span>ipalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>(i) <span class=\"_ _6\"></span>ai debiti <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>contratti d<span class=\"_ _0\"></span>i locazione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>rela<span class=\"_ _1\"></span>tivi <span class=\"_ _b\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sedi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Milano, <span class=\"_ _0\"></span>Roma <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Torino <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa Euro <span class=\"_ _1\"></span>2,3 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>oltre a<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>locazione <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>auto <span class=\"_ _3\"></span>aziend<span class=\"_ _0\"></span>ali <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>onces<span class=\"_ _1\"></span>se <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>uso <span class=\"_ _3\"></span>gratuito <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>person<span class=\"_ _0\"></span>ale<span class=\"_ _3\"></span> e <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>altri b<span class=\"_ _0\"></span>eni <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>un<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>complessi<span class=\"_ _1\"></span>vo <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a c<span class=\"_ _0\"></span>irca <span class=\"_ _0\"></span>Euro<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>0,7 m<span class=\"_ _0\"></span>ilio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(ii)<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>ai con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atti <span class=\"_ _0\"></span>di locazione <span class=\"_ _0\"></span>di Vita <span class=\"_ _6\"></span>Srl, <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>gl<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>im<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bili <span class=\"_ _6\"></span>strumentali <span class=\"_ _6\"></span>all\u2019attivi<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _f\"> </span>svolta <span class=\"_ _f\"> </span>dal<span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollata<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ndiretta <span class=\"_ _6\"></span>(siti <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>R<span class=\"_ _0\"></span>oma<span class=\"_ _1\"></span>, Gressoney e Ponte di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>L<span class=\"_ _0\"></span>egno) per circa Euro 5,6 milioni, oltre ai contratti di locazione degli arredi degli<span class=\"_ _4a1\"> </span>immobili d<span class=\"_ _3\"></span>i Roma e<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Gr<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ney <span class=\"_ _3\"></span>per ci<span class=\"_ _1\"></span>rca Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mil<span class=\"_ _1\"></span>ioni, al <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>iii) <span class=\"_ _3\"></span>dei p<span class=\"_ _1\"></span>agamenti <span class=\"_ _1\"></span>effettuati <span class=\"_ _3\"></span>nel <span class=\"_ _1\"></span>corso del <span class=\"_ _f\"> </span>periodo. <span class=\"_ _f\"> </span>Per <span class=\"_ _6\"></span>maggiori <span class=\"_ _f\"> </span>informazioni <span class=\"_ _f\"></span>si <span class=\"_ _6\"></span>ri<span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>da<span class=\"_ _3\"></span>  a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la <span class=\"_ _f\"> </span>\u201cParte <span class=\"_ _6\"></span>D <span class=\"_ _f\"> </span>\u2013Altr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>  In<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ormazio<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"> </span>Sezione <span class=\"_ _6\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>\u2013 Informativa sul leasi<span class=\"_ _1\"></span>ng\u201d della prese<span class=\"_ _1\"></span>nte Nota integra<span class=\"_ _1\"></span>tiva consolidata.<span class=\"_ _3\"></span> La <span class=\"_ _6\"></span>sottovoce <span class=\"_ _b\"></span>\u201c<span class=\"_ _0\"></span>4. <span class=\"_ _5\"></span>Altri <span class=\"_ _5\"></span>debiti <span class=\"_ _5\"></span>\u2013 <span class=\"_ _6\"></span>4.3 <span class=\"_ _6\"></span>altri\u201d <span class=\"_ _5\"></span>comprende <span class=\"_ _5\"></span>(i) <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>inanziar<span class=\"_ _1\"></span>ia, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>Euro <span class=\"_ _5\"></span>1<span class=\"_ _0\"></span>4,4<span class=\"_ _3\"></span> milioni, <span class=\"_ _19\"> </span>rilevata <span class=\"_ _e\"> </span>a <span class=\"_ _19\"> </span>seguito<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>dell\u2019acq<span class=\"_ _1\"></span>uisizione <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _e\"> </span>Castello <span class=\"_ _19\"> </span>SGR <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>riferibile <span class=\"_ _e\"> </span>all\u2019ammontare <span class=\"_ _19\"> </span>atteso, opportunamente att<span class=\"_ _1\"></span>ualizzato, che la S<span class=\"_ _3\"></span>ociet\u00e0 prevede di c<span class=\"_ _1\"></span>orrispondere a <span class=\"_ _1\"></span>OCM OPPS X<span class=\"_ _1\"></span>b Investe<span class=\"_ _1\"></span>ments (Castello) <span class=\"_ _5\"></span>S.a.r.l. <span class=\"_ _b\"></span> <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>seguito <span class=\"_ _b\"></span>dell\u2019esercizio<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>dell\u2019opzio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>put <span class=\"_ _5\"></span>per <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _5\"></span>ef<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>etti <span class=\"_ _b\"></span>dell\u2019Accordo<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>put <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>call <span class=\"_ _b\"></span>per l\u2019acquisto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>20% d<span class=\"_ _0\"></span>i C<span class=\"_ _0\"></span>astell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>SG<span class=\"_ _1\"></span>R <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>(ii)<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>passivit\u00e0 f<span class=\"_ _0\"></span>ina<span class=\"_ _1\"></span>nziaria, <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>4,4 m<span class=\"_ _0\"></span>il<span class=\"_ _1\"></span>ioni, <span class=\"_ _0\"></span>rilevata <span class=\"_ _0\"></span>a seguito della<span class=\"_ _3\"></span> so<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>scrizi<span class=\"_ _1\"></span>one da<span class=\"_ _1\"></span> parte di <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>astell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> del p<span class=\"_ _1\"></span>atto p<span class=\"_ _1\"></span>arasociale c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n Hall<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span> S.p.a. e<span class=\"_ _1\"></span> riferibile all\u2019ammontare <span class=\"_ _16\"> </span>atteso, <span class=\"_ _16\"> </span>opportu<span class=\"_ _1\"></span>namente <span class=\"_ _16\"> </span>attualizz<span class=\"_ _1\"></span>ato, <span class=\"_ _16\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>la <span class=\"_ _16\"> </span>controllata <span class=\"_ _16\"> </span>Castello <span class=\"_ _16\"> </span>SGR <span class=\"_ _16\"> </span>prevede<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>di corrispondere <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>all<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>is <span class=\"_ _3\"></span>S.p.a.<span class=\"_ _1\"></span>, <span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>seguito <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizi<span class=\"_ _3\"></span>o dell<span class=\"_ _1\"></span>\u2019opzione <span class=\"_ _3\"></span>put <span class=\"_ _3\"></span>rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ita <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>21% <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>capitale <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>Vita Srl  e <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipli<span class=\"_ _1\"></span>nata  nell<span class=\"_ _1\"></span>\u2019ambito  del <span class=\"_ _f\"> </span>sopracitato <span class=\"_ _f\"> </span>patto  pa<span class=\"_ _1\"></span>rasociale.  Pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  ulte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iori <span class=\"_ _f\"> </span>dettagli  s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>manda  al paragrafo <span class=\"_ _c\"> </span>\u201cParte <span class=\"_ _c\"> </span>A <span class=\"_ _211\"> </span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>Politi<span class=\"_ _1\"></span>che <span class=\"_ _c\"> </span>contabili <span class=\"_ _c\"> </span>- <span class=\"_ _c\"> </span>Altr<span class=\"_ _0\"></span>e  informazioni <span class=\"_ _c\"> </span>\u201cOperazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _211\"> </span>conf<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mento <span class=\"_ _c\"> </span>ramo azienda in Vita Srl\u201d della p<span class=\"_ _3\"></span>resen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>No<span class=\"_ _0\"></span>ta i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teg<span class=\"_ _1\"></span>rativa consolidata.<span class=\"_ _1\"></span> Il contribut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>alla voce <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>0. Passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziar<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alut<span class=\"_ _1\"></span>ate <span class=\"_ _1\"></span>al costo amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtizzato\u201d (<span class=\"_ _3\"></span>i) di Kair<span class=\"_ _1\"></span>os SGR \u00e8 <span class=\"_ _3\"></span>pari a c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a Euro<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>5,7 milioni (di cui c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rca Euro <span class=\"_ _0\"></span>3 milioni riferiti a debiti <span class=\"_ _0\"></span>per leasing IFRS 16) e <span class=\"_ _0\"></span>(ii) di Vita <span class=\"_ _0\"></span>Srl \u00e8 pari a circa Euro 5,<span class=\"_ _1\"></span>9 milioni, riferiti es<span class=\"_ _1\"></span>clusivamente a<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> debiti per leasi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g IFRS 1<span class=\"_ _1\"></span>6.<span class=\"_ _4a1\"> </span>1.2<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Composizione d<span class=\"_ _1\"></span>elle \u201cPas<span class=\"_ _1\"></span>sivit\u00e0 finanziarie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alutat<span class=\"_ _1\"></span>e al <span class=\"_ _1\"></span>costo a<span class=\"_ _1\"></span>mmortizzat<span class=\"_ _1\"></span>o\u201d: \u201cTitoli <span class=\"_ _1\"></span>in circolazione\u201d<span class=\"_ _4a1\"> </span></span></span><span class=\"ff23\"><span class=\"ff5\"><span class=\"_ _8\"></span> </span></span>Titol<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span><table class=\"s w5d1 h39e\" id=\"_3f2a680a-3557-4da0-99b0-c6953ce84cc3\"><tr><td></td><td></td><td></td><td></td><td class=\"c x6d0 y19ba w2d hcd\"><div class=\"t m2a x3b hcb y611 ff3 fs48 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c x6d1 y19ba w2d hcd\"><div class=\"t m2a x3b hcb y611 ff3 fs48 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m2a x335 hcc y19bb ff2 fs48 fc1 sc0 ls0 ws0\">VB<span class=\"_ _4a1\"> </span></td><td></td><td class=\"t m2a x6d2 hcc y19bc ff2 fs48 fc1 sc0 ls0 ws0\">Fair<span class=\"_ _1\"></span> value<span class=\"_ _4a1\"> </span></td><td></td><td class=\"t m2a x6d3 hcc y19bb ff2 fs48 fc1 sc0 ls0 ws0\">VB<span class=\"_ _4a1\"> </span></td><td class=\"t m2a x49c hcc y19bc ff2 fs48 fc1 sc0 ls0 ws0\">Fair value<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c n x6d4 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d5 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d6 y19be w5d3 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6d7 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d8 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d9 y19be w5d4 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19bf w5d5 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">1. Titoli<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6da y19bf w5d6 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>85.21<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6db y19bf w5d7 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">56<span class=\"_ _0\"></span>4.03<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6dc y19c1 w5d8 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6dd y19c1 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6de y19bf w5da h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>84.145<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6df y19bf w5d7 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>38.3<span class=\"_ _0\"></span>20<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e0 y19c1 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6e1 y19c1 w5db h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td></tr><tr><td class=\"c n x1a9 y19c2 w5dc h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">- obbl<span class=\"_ _1\"></span>igazio<span class=\"_ _1\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6e2 y19c2 w5d6 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>85.21<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e3 y19c2 w5d6 h374\" colspan=\"2\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">56<span class=\"_ _0\"></span>4.03<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6e4 y19c2 w5dd h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>84.145<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e5 y19c2 w5d7 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>38.3<span class=\"_ _0\"></span>20<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m2a x2ed hcc y19c3 ff2 fs48 fc1 sc0 ls0 ws0\">- altri<span class=\"_ _1\"></span> tito<span class=\"_ _3\"></span>li<span class=\"_ _4a1\"> </span></td><td class=\"c n x4da y16d8 w5de h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e6 y16d8 w5df h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">58<span class=\"_ _0\"></span>5.2<span class=\"_ _0\"></span>14<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e7 y16d8 w5df h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">564<span class=\"_ _0\"></span>.03<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e8 y19c5 w5db h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6e9 y19c5 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6ea y16d8 w5e0 h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">584<span class=\"_ _0\"></span>.14<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6eb y16d8 w5df h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">538.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>20<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ec y19c5 w5db h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6ed y19c5 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td></tr></table>Legenda:<span class=\"ff2\"> <span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>B= Valo<span class=\"_ _3\"></span>re di bilanc<span class=\"_ _1\"></span>io; L1=<span class=\"_ _1\"></span> Livello 1; L2= <span class=\"_ _1\"></span>Livell<span class=\"_ _1\"></span>o 2; L3= Li<span class=\"_ _1\"></span>vello 3.<span class=\"_ _4a1\"> </span></span>La  voce <span class=\"_ _f\"> </span>\u201cTi<span class=\"_ _0\"></span>to<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i  \u2013 <span class=\"_ _f\"> </span>obbligazioni\u201d  \u00e8<span class=\"_ _1\"></span>  costituita <span class=\"_ _f\"> </span>da  titoli <span class=\"_ _f\"> </span>o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligazionari  emess<span class=\"_ _3\"></span>i  dalla  So<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0 <span class=\"_ _f\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>data  23 ottobre <span class=\"_ _5\"></span>2019 <span class=\"_ _5\"></span>(\u201cPrestito <span class=\"_ _5\"></span>Obbligazionario<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>2026\u201d)<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _6\"></span>22 <span class=\"_ _5\"></span>aprile <span class=\"_ _5\"></span>2021 <span class=\"_ _5\"></span>(\u201cPrestito <span class=\"_ _5\"></span>Obbligazi<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> 2028\u201d).  Il <span class=\"_ _0\"></span>Prestit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> Obbligazionario 2026 <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>esposto<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>nel Bilancio <span class=\"_ _0\"></span>al costo ammortizzato per un <span class=\"_ _0\"></span>ammonta<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>pari a circa E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ro <span class=\"_ _1\"></span>284 milioni. Tale<span class=\"_ _3\"></span> valore \u00e8 rap<span class=\"_ _1\"></span>presentat<span class=\"_ _1\"></span>o (i) dall\u2019<span class=\"_ _1\"></span>importo i<span class=\"_ _1\"></span>ncassato per<span class=\"_ _1\"></span> l\u2019emissione (al<span class=\"_ _3\"></span> n<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>o della <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ia<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quistata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>10 <span class=\"_ _f\"> </span>giugno <span class=\"_ _6\"></span>2020) <span class=\"_ _f\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _f\"> </span>circa <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"></span>282,4<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>milioni, <span class=\"_ _f\"> </span>(<span class=\"_ _1\"></span>ii) <span class=\"_ _f\"> </span>maggiorat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>degl<span class=\"_ _1\"></span>i interessi passivi mat<span class=\"_ _3\"></span>ur<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> dell\u2019ultimo stac<span class=\"_ _1\"></span>co cedola al 31 di<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>embre <span class=\"_ _1\"></span>2024 e dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minati <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on il<span class=\"_ _1\"></span> metodo del costo ammort<span class=\"_ _1\"></span>izzato (sulla base del tasso di interes<span class=\"_ _1\"></span>se effettivo) per circa Eur<span class=\"_ _1\"></span>o 2,1 mili<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ni e (iii) di<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>inuit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>dei <span class=\"_ _3\"></span>costi di<span class=\"_ _3\"></span> transazione <span class=\"_ _3\"></span>correlati a<span class=\"_ _3\"></span>ll\u2019<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>ssi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _3\"></span>obbligazionaria <span class=\"_ _3\"></span>che s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _1\"></span>stati <span class=\"_ _3\"></span>capitalizzati<span class=\"_ _4a1\"> </span>e sono esposti al va<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re r<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>iduo <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> c<span class=\"_ _0\"></span>ir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a Euro 0,<span class=\"_ _1\"></span>5 milioni.<span class=\"_ _4a1\"> </span>Con <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iferi<span class=\"_ _1\"></span>mento a<span class=\"_ _1\"></span>l P<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estito<span class=\"_ _1\"></span> O<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>bligazio<span class=\"_ _1\"></span>nario <span class=\"_ _3\"></span>2028, \u00e8 <span class=\"_ _3\"></span>esposto <span class=\"_ _3\"></span>nel<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Bilancio <span class=\"_ _1\"></span>al <span class=\"_ _3\"></span>costo a<span class=\"_ _1\"></span>mmortizzato, <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n ammontare <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>301,2 <span class=\"_ _6\"></span>milioni. <span class=\"_ _6\"></span>Tale <span class=\"_ _5\"></span>valor<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>resentato <span class=\"_ _6\"></span>(i) <span class=\"_ _f\"></span>dall<span class=\"_ _1\"></span>\u2019importo <span class=\"_ _6\"></span>incassat<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>a<span class=\"_ _4a1\"> </span>seguito <span class=\"_ _f\"> </span>dell\u2019emissione <span class=\"_ _f\"> </span>per  c<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ca  Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>298,2  m<span class=\"_ _3\"></span>ilioni,  (ii<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>maggiorato <span class=\"_ _f\"> </span>degli <span class=\"_ _f\"> </span>interessi  pa<span class=\"_ _1\"></span>ssivi <span class=\"_ _f\"> </span>maturati<span class=\"_ _4a1\"> </span>dall\u2019ultimo <span class=\"_ _5\"></span>stacco <span class=\"_ _6\"></span>cedola <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _5\"></span>2024 <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>determinati <span class=\"_ _5\"></span>con <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>costo <span class=\"_ _6\"></span>ammortizzato<span class=\"_ _3\"></span> (sulla <span class=\"_ _c\"> </span>base <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>tasso <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>interesse <span class=\"_ _c\"> </span>e<span class=\"_ _1\"></span>ffettivo) <span class=\"_ _c\"> </span>per <span class=\"_ _211\"> </span>circ<span class=\"_ _0\"></span>a  E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro <span class=\"_ _c\"> </span>4 <span class=\"_ _c\"> </span>milioni <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>(iii) <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>imin<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ito <span class=\"_ _211\"> </span>dei <span class=\"_ _c\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>i <span class=\"_ _16\"> </span>di transazione correlati all\u2019<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>obbligazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>naria che sono stati <span class=\"_ _0\"></span>capitalizza<span class=\"_ _1\"></span>ti <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sono esposti al <span class=\"_ _0\"></span>valore<span class=\"_ _4a1\"> </span>residuo per circa E<span class=\"_ _1\"></span>uro un milione.<span class=\"_ _3\"></span> Per <span class=\"_ _b\"></span>ulteriori <span class=\"_ _b\"></span>dettagli <span class=\"_ _b\"></span>sul <span class=\"_ _b\"></span>Prest<span class=\"_ _1\"></span>ito <span class=\"_ _b\"></span>Obbligazionario <span class=\"_ _0\"></span>2026 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>su<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>P<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estito <span class=\"_ _0\"></span>Obbligazionario <span class=\"_ _b\"></span>2028 <span class=\"_ _b\"></span>si <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nv<span class=\"_ _0\"></span>ia<span class=\"_ _1\"></span> alla <span class=\"_ _f\"> </span>\u201cParte <span class=\"_ _6\"></span>D<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>- <span class=\"_ _6\"></span>Altr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>  In<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ormazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _6\"></span>\u2013 <span class=\"_ _f\"> </span>Sezione <span class=\"_ _f\"> </span>3 <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"></span>I<span class=\"_ _3\"></span>nformazioni <span class=\"_ _f\"> </span>sui <span class=\"_ _f\"> </span>rischi <span class=\"_ _f\"> </span>e <span class=\"_ _6\"></span>sulle <span class=\"_ _f\"></span>relative <span class=\"_ _6\"></span>pol<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _f\"> </span>di<span class=\"_ _4a1\"> </span>copertura - 3.1 Risc<span class=\"_ _1\"></span>hi finanziari\u201d della p<span class=\"_ _1\"></span>resente N<span class=\"_ _1\"></span>ota Integr<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a c<span class=\"_ _1\"></span>onsolidata.<span class=\"_ _4a1\"> </span>1.5<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Passivit\u00e0 finanziarie valutate al c<span class=\"_ _0\"></span>osto<span class=\"_ _1\"></span> ammortizzato \u2013 Debiti: composiz<span class=\"_ _1\"></span>ione per c<span class=\"_ _0\"></span>ontroparte<span class=\"_ _1\"></span> </span></span><table class=\"s w5f9 h3a1\" id=\"_f044daf2-c3b4-41b9-b0f8-7c261c195777\"><tr><td></td><td></td><td class=\"c n x703 y19d2 w5fa h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">Ban<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he</div></td><td></td><td class=\"c n x704 y19d2 w5fb h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">S<span class=\"_ _0\"></span>ociet\u00e0 fin<span class=\"_ _3\"></span>anz<span class=\"_ _1\"></span>iari<span class=\"_ _3\"></span>e</div></td><td class=\"c n x705 y19d2 w5fc h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>lientel<span class=\"_ _1\"></span>a</div></td><td></td></tr><tr><td class=\"c n x1a9 y19d3 w5fd h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">Comp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>si<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one/Con<span class=\"_ _1\"></span>tropa<span class=\"_ _1\"></span>rte</div></td><td></td><td class=\"c n x706 y19d3 w5fe h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">d<span class=\"_ _3\"></span>i cui: del Gr<span class=\"_ _3\"></span>uppo</div></td><td></td><td class=\"c n x707 y19d3 w5ff h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">di cui: del G<span class=\"_ _3\"></span>ruppo</div></td><td></td><td class=\"c n x708 y19d3 w600 h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">di cui<span class=\"_ _1\"></span>: del Gru<span class=\"_ _3\"></span>ppo</div></td></tr><tr><td class=\"c n x1a9 y19d5 w601 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1. Debit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> ve<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>so ret<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i ven<span class=\"_ _1\"></span>dita</div></td><td class=\"c n x709 y19d5 w602 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">162<span class=\"_ _0\"></span>.641</div></td><td class=\"t ma x70a hce y19d6 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"wsf\"> </span>-  </td><td class=\"c n x70b y19d5 w603 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">930</div></td><td class=\"c x70c y19d7 w5db h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">-</div><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x70d y19d5 w604 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>687</div></td><td class=\"t ma x479 hce y19d6 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"wsf\"> </span>-  </td></tr><tr><td class=\"c n x1a9 y19d8 w605 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> attivit<span class=\"_ _3\"></span>\u00e0 di <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>oc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto OICR</div></td><td class=\"c n x70e y19d8 w606 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">158.9<span class=\"_ _0\"></span>49</div></td><td></td><td class=\"c n x70f y19d8 w603 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">735</div></td><td></td><td class=\"c n x710 y19d8 w607 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.448</div></td><td></td></tr><tr><td class=\"c n x1a9 y19d9 w608 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> attivit<span class=\"_ _3\"></span>\u00e0 di <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>oc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto ge<span class=\"_ _1\"></span>stioni<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>indivi<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ali</div></td><td class=\"c n x711 y19d9 w609 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.33<span class=\"_ _0\"></span>8</div></td><td></td><td></td><td></td><td class=\"c n x712 y19d9 w603 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">227</div></td><td></td></tr><tr><td class=\"c n x1a9 y19da w60a h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> attivit<span class=\"_ _3\"></span>\u00e0 di <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>oc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto fondi<span class=\"_ _1\"></span> pensione</div></td><td class=\"c n x713 y19da w609 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.35<span class=\"_ _0\"></span>4</div></td><td></td><td class=\"c n x714 y19da w60b h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">195</div></td><td></td><td class=\"c n x715 y19da w60c h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">12</div></td><td></td></tr><tr><td class=\"c n x1a9 y19db w60d h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2. Debit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> per<span class=\"_ _1\"></span> atti<span class=\"_ _3\"></span>vit\u00e0 di gesti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>e</div></td><td class=\"c n x716 y19db w60e h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>75</div></td><td class=\"t ma x70a hce y19dc ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td><td class=\"c n x717 y19db w60f h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span>25</div></td><td class=\"c x718 y19dd w5d9 h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x719 y19db w610 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>256</div></td><td class=\"t ma x479 hce y19dc ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td></tr><tr><td class=\"c n x1a9 y19de w611 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> gestioni propri<span class=\"_ _1\"></span>e</div></td><td class=\"c n x71a y19de w612 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">71</div></td><td></td><td class=\"c n x71b y19de w613 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span>21</div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19df w614 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> gestioni ric<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>vu<span class=\"_ _3\"></span>te in de<span class=\"_ _1\"></span>lega</div></td><td class=\"c n x71c y19df w615 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">80<span class=\"_ _0\"></span>4</div></td><td></td><td class=\"c n x71d y19df w616 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2</div></td><td></td><td class=\"c n x71e y19df w617 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.256</div></td><td></td></tr><tr><td class=\"c n x1a9 y19e0 w618 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> altro</div></td><td></td><td></td><td class=\"c n x71f y19e0 w619 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2</div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19e1 w61a h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">3. Debit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> per<span class=\"_ _1\"></span> altri se<span class=\"_ _1\"></span>rvizi</div></td><td class=\"c n x720 y19e1 w61b h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc3 sc0 ls0 ws0\">0</div></td><td class=\"t ma x70a hce y19e2 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td><td class=\"c n x721 y19e1 w619 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc3 sc0 ls0 ws0\">0</div></td><td class=\"c x718 y19e3 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x722 y19e1 w616 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc3 sc0 ls0 ws0\">0</div></td><td class=\"t ma x479 hce y19e2 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td></tr><tr><td class=\"c n x1a9 y19e4 w61c h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">4. A<span class=\"_ _0\"></span>ltr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> de<span class=\"_ _3\"></span>biti</div></td><td class=\"c n x723 y19e4 w61d h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>9</div></td><td class=\"t ma x70a hce y19e5 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td><td></td><td class=\"c x718 y19e6 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x724 y19e4 w61e h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">44<span class=\"_ _0\"></span>.900</div></td><td class=\"t ma x479 hce y19e5 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td></tr><tr><td class=\"t ma x2ed hd0 y19e7 ff2 fs49 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _0\"></span> pro<span class=\"_ _1\"></span>nti con<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>o ter<span class=\"_ _3\"></span>mine</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19e8 w61f h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _0\"></span> deb<span class=\"_ _3\"></span>iti per le<span class=\"_ _3\"></span>asi<span class=\"_ _0\"></span>ng</div></td><td></td><td></td><td></td><td></td><td class=\"c n x725 y19e8 w620 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>6.0<span class=\"_ _0\"></span>90</div></td><td></td></tr><tr><td class=\"c n x1a9 y19e9 w621 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _0\"></span> alt<span class=\"_ _3\"></span>ri</div></td><td class=\"c n x726 y19e9 w612 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">29</div></td><td></td><td></td><td></td><td class=\"c n x727 y19e9 w622 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">18<span class=\"_ _0\"></span>.810</div></td><td></td></tr><tr><td class=\"c n x1a9 y19ea w623 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">Totale 31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.202<span class=\"_ _0\"></span>4</div></td><td class=\"c n x728 y19ea w624 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">16<span class=\"_ _0\"></span>3.5<span class=\"_ _0\"></span>45</div></td><td class=\"t ma x729 hce y19eb ff3 fs49 fc1 sc0 ls0 ws0\">  -  </td><td class=\"c n x72a y19ea w625 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">2.155</div></td><td class=\"c x718 y19ec w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x72b y19ea w626 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">49.843</div></td><td class=\"c x72c y19ed w2e hd1\"><div class=\"t ma xb7 hce y611 ff3 fs49 fc1 sc0 ls0 ws0\">  -  </div></td></tr><tr><td class=\"c n x1a9 y19ee w623 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">Totale 31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.202<span class=\"_ _0\"></span>3</div></td><td class=\"c n x728 y19ee w624 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">15<span class=\"_ _0\"></span>9.6<span class=\"_ _0\"></span>00</div></td><td class=\"t ma x729 hce y19ef ff3 fs49 fc1 sc0 ls0 ws0\">  -  </td><td class=\"c n x72d y19ee w60b h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">465</div></td><td class=\"c x718 y16d8 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x72e y19ee w626 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">23.359</div></td><td class=\"c x72c y19f0 w2e hd1\"><div class=\"t ma xb7 hce y611 ff3 fs49 fc1 sc0 ls0 ws0\">  -  </div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-512": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 1 \u2013 Passivit\u00e0 finanziarie val<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>ate al costo ammo<span class=\"_ _1\"></span>rtiz<span class=\"_ _0\"></span>zato <span class=\"_ _3\"></span>\u2013 V<span class=\"_ _0\"></span>oce 10<span class=\"_ _1\"></span> 1.1<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Passivit\u00e0 finanziarie valutate al c<span class=\"_ _0\"></span>osto<span class=\"_ _1\"></span> ammortizzato:<span class=\"_ _0\"></span> composizi<span class=\"_ _1\"></span>one merceologica dei debiti</span></span><table class=\"s w5a9 h39c\" id=\"_aa13623e-59a2-4126-b9b7-a3d51fa5b324\"><tr><td class=\"c n x1a9 y19a4 w5aa h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>tt<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>o/<span class=\"_ _0\"></span>Valo<span class=\"_ _0\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ad y19a4 w5ab h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ae y19a4 w5ac h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a5 w5ad h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti verso<span class=\"_ _3\"></span> reti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>ve<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ta:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6af y19a5 w5ae h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">167.<span class=\"_ _0\"></span>258<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b0 y19a5 w5af h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">148<span class=\"_ _0\"></span>.56<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a6 w5b0 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o OIC<span class=\"_ _0\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b1 y19a6 w5b1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">163.13<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b2 y19a6 w5b2 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">14<span class=\"_ _0\"></span>4.9<span class=\"_ _0\"></span>80<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a7 w5b3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i in<span class=\"_ _3\"></span>div<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b3 y19a7 w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>565<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b4 y19a7 w5b5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.48<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a8 w5b6 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o fon<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> pen<span class=\"_ _3\"></span>si<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b5 y19a8 w5b7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.561<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b6 y19a8 w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>102<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a9 w5b8 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>\u00e0 d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span>ne:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b7 y19a9 w5b9 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3.356<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b8 y19a9 w5b5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>210<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19aa w5ba h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>per gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> pro<span class=\"_ _3\"></span>prie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b9 y19aa w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>292<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y19ab w5bb h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>per gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> ricevut<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>in<span class=\"_ _3\"></span> de<span class=\"_ _0\"></span>le<span class=\"_ _1\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ba y19ab w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.062<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bb y19ab w5bc h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span>93<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ac w5bd h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>per alt<span class=\"_ _1\"></span>ro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bc y19ac w5be h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bd y19ac w5bf h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">17<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ad w5c0 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er altri <span class=\"_ _3\"></span>servizi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6be y19ad w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bf y19ad w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ae w5c2 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c0 y19ae w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">44.92<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c1 y19ae w5c4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>2.6<span class=\"_ _0\"></span>47<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19af w5c5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>pron<span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>i co<span class=\"_ _3\"></span>nt<span class=\"_ _3\"></span>ro t<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rmi<span class=\"_ _1\"></span>ne<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c2 y19af w5be h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c3 y19af w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b0 w5c6 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>D<span class=\"_ _0\"></span>ebit<span class=\"_ _1\"></span>i p<span class=\"_ _3\"></span>er leasi<span class=\"_ _3\"></span>ng<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c4 y19b0 w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">26.0<span class=\"_ _0\"></span>90<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c5 y19b0 w5c7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>917<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b1 w5c8 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>tri deb<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c6 y19b1 w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">18.8<span class=\"_ _0\"></span>39<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c7 y19b1 w5c7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">13.7<span class=\"_ _0\"></span>30<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b3 w5c9 h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c8 y19b3 w5ca h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">215.54<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c9 y19b3 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">18<span class=\"_ _0\"></span>3.42<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m29 x1fd hc7 y19b4 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 1<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19b6 w5cc h39d\"><div class=\"t m29 x17f hc7 y19b5 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ca y19b7 w5cd h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">196.7<span class=\"_ _0\"></span>33<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cb y19b7 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>69.75<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b8 w5cc h39d\"><div class=\"t m29 x17f hc7 y19b5 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cc y19b9 w5ce h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">18.810<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cd y19b9 w5cf h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">13.6<span class=\"_ _0\"></span>65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w5d0 h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale fair<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>val<span class=\"_ _0\"></span>ue<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ce y16d8 w5ca h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">215.54<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cf y16d8 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>83.42<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr></table>I <span class=\"_ _b\"></span>valor<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>ind<span class=\"_ _1\"></span>icati <span class=\"_ _b\"></span>nella <span class=\"_ _b\"></span>sottovoce <span class=\"_ _b\"></span>\u201c1. <span class=\"_ _b\"></span>Debiti <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erso <span class=\"_ _b\"></span>ret<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>endita\u201d <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>riconducibili <span class=\"_ _b\"></span>quasi <span class=\"_ _b\"></span>interame<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>te alle <span class=\"_ _e\"> </span>commissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _d\"> </span>da <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>iconos<span class=\"_ _1\"></span>cere <span class=\"_ _e\"> </span>ai <span class=\"_ _d\"> </span>di<span class=\"_ _0\"></span>str<span class=\"_ _1\"></span>ibutori <span class=\"_ _d\"> </span>dei <span class=\"_ _19\"> </span>prod<span class=\"_ _1\"></span>otti <span class=\"_ _d\"> </span>i<span class=\"_ _0\"></span>stitu<span class=\"_ _1\"></span>iti <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>gestiti <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>Gruppo; <span class=\"_ _e\"> </span>tali commissioni <span class=\"_ _b\"></span>verrann<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>pagate <span class=\"_ _b\"></span>quasi <span class=\"_ _b\"></span>interamente <span class=\"_ _0\"></span>nel <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rso<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>primo <span class=\"_ _b\"></span>trimestre <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>202<span class=\"_ _1\"></span>5. <span class=\"_ _b\"></span>L\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>um<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to, rispetto <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _b\"></span>2023, <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>principalme<span class=\"_ _1\"></span>nte <span class=\"_ _5\"></span>dovuto <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giori <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mmissioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ollo<span class=\"_ _1\"></span>camento <span class=\"_ _5\"></span>pe<span class=\"_ _1\"></span>r circa Euro 17,2 milio<span class=\"_ _1\"></span>ni. Il contribut<span class=\"_ _1\"></span>o di Kairos alla s<span class=\"_ _1\"></span>ottovoce \u00e8 pari a ci<span class=\"_ _1\"></span>rca Euro 2,7 milio<span class=\"_ _1\"></span>ni. Nella <span class=\"_ _1d\"> </span>sottovoce <span class=\"_ _18\"> </span>\u201c2. <span class=\"_ _1d\"> </span>Debiti <span class=\"_ _18\"> </span>per <span class=\"_ _1d\"> </span>attivit\u00e0 <span class=\"_ _1d\"> </span>di <span class=\"_ _18\"> </span>gestione\u201d, <span class=\"_ _18\"> </span>sono<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>evidenziati <span class=\"_ _18\"> </span>i <span class=\"_ _1d\"> </span>debiti <span class=\"_ _18\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>conducibili principalmente <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>commissioni da <span class=\"_ _b\"></span>ricon<span class=\"_ _1\"></span>oscere <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>distributori<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Sica<span class=\"_ _1\"></span>v <span class=\"_ _0\"></span>promosse <span class=\"_ _0\"></span>e/o g<span class=\"_ _0\"></span>estite<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>dal Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> per ci<span class=\"_ _1\"></span>rca 2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1 milioni e (ii) alle commissioni per l\u2019attivit\u00e0 di gestioni di patrimo<span class=\"_ _1\"></span>ni a f<span class=\"_ _0\"></span>av<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re di enti fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>svol<span class=\"_ _0\"></span>te da Ka<span class=\"_ _1\"></span>iros SGR per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>cir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a Euro 1,3 m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>lioni. La <span class=\"_ _5\"></span>sottovoce <span class=\"_ _b\"></span>\u201c<span class=\"_ _0\"></span>4. <span class=\"_ _5\"></span>Alt<span class=\"_ _1\"></span>ri <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>bi<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>4.2 <span class=\"_ _b\"></span>D<span class=\"_ _0\"></span>ebit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>per <span class=\"_ _5\"></span>leasing\u201d <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>costituita <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>debi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>iduo, <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2024, <span class=\"_ _3\"></span>in <span class=\"_ _1\"></span>relazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>ai di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itti <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>\u2019uso <span class=\"_ _3\"></span>isc<span class=\"_ _1\"></span>ritti <span class=\"_ _1\"></span>in <span class=\"_ _3\"></span>all\u2019applicazione <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>principio <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontabi<span class=\"_ _1\"></span>le <span class=\"_ _3\"></span>IFRS <span class=\"_ _3\"></span>16. L<span class=\"_ _3\"></span>\u2019incremento della <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>importo <span class=\"_ _5\"></span>complessivo <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>circa <span class=\"_ _5\"></span>Eu<span class=\"_ _0\"></span>ro <span class=\"_ _5\"></span>14<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>6 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>dovuto <span class=\"_ _5\"></span>princ<span class=\"_ _0\"></span>ipalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>(i) <span class=\"_ _6\"></span>ai debiti <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>contratti d<span class=\"_ _0\"></span>i locazione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>rela<span class=\"_ _1\"></span>tivi <span class=\"_ _b\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sedi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Milano, <span class=\"_ _0\"></span>Roma <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Torino <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa Euro <span class=\"_ _1\"></span>2,3 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>oltre a<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>locazione <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>auto <span class=\"_ _3\"></span>aziend<span class=\"_ _0\"></span>ali <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>onces<span class=\"_ _1\"></span>se <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>uso <span class=\"_ _3\"></span>gratuito <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>person<span class=\"_ _0\"></span>ale<span class=\"_ _3\"></span> e <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>altri b<span class=\"_ _0\"></span>eni <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>un<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>complessi<span class=\"_ _1\"></span>vo <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a c<span class=\"_ _0\"></span>irca <span class=\"_ _0\"></span>Euro<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>0,7 m<span class=\"_ _0\"></span>ilio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(ii)<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>ai con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atti <span class=\"_ _0\"></span>di locazione <span class=\"_ _0\"></span>di Vita <span class=\"_ _6\"></span>Srl, <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>gl<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>im<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bili <span class=\"_ _6\"></span>strumentali <span class=\"_ _6\"></span>all\u2019attivi<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _f\"> </span>svolta <span class=\"_ _f\"> </span>dal<span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollata<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ndiretta <span class=\"_ _6\"></span>(siti <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>R<span class=\"_ _0\"></span>oma<span class=\"_ _1\"></span>, Gressoney e Ponte di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>L<span class=\"_ _0\"></span>egno) per circa Euro 5,6 milioni, oltre ai contratti di locazione degli arredi degli<span class=\"_ _4a1\"> </span> immobili d<span class=\"_ _3\"></span>i Roma e<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Gr<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ney <span class=\"_ _3\"></span>per ci<span class=\"_ _1\"></span>rca Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mil<span class=\"_ _1\"></span>ioni, al <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>iii) <span class=\"_ _3\"></span>dei p<span class=\"_ _1\"></span>agamenti <span class=\"_ _1\"></span>effettuati <span class=\"_ _3\"></span>nel <span class=\"_ _1\"></span>corso del <span class=\"_ _f\"> </span>periodo. <span class=\"_ _f\"> </span>Per <span class=\"_ _6\"></span>maggiori <span class=\"_ _f\"> </span>informazioni <span class=\"_ _f\"></span>si <span class=\"_ _6\"></span>ri<span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>da<span class=\"_ _3\"></span>  a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la <span class=\"_ _f\"> </span>\u201cParte <span class=\"_ _6\"></span>D <span class=\"_ _f\"> </span>\u2013Altr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>  In<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ormazio<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"> </span>Sezione <span class=\"_ _6\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>\u2013 Informativa sul leasi<span class=\"_ _1\"></span>ng\u201d della prese<span class=\"_ _1\"></span>nte Nota integra<span class=\"_ _1\"></span>tiva consolidata.<span class=\"_ _3\"></span> La <span class=\"_ _6\"></span>sottovoce <span class=\"_ _b\"></span>\u201c<span class=\"_ _0\"></span>4. <span class=\"_ _5\"></span>Altri <span class=\"_ _5\"></span>debiti <span class=\"_ _5\"></span>\u2013 <span class=\"_ _6\"></span>4.3 <span class=\"_ _6\"></span>altri\u201d <span class=\"_ _5\"></span>comprende <span class=\"_ _5\"></span>(i) <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>inanziar<span class=\"_ _1\"></span>ia, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>Euro <span class=\"_ _5\"></span>1<span class=\"_ _0\"></span>4,4<span class=\"_ _3\"></span> milioni, <span class=\"_ _19\"> </span>rilevata <span class=\"_ _e\"> </span>a <span class=\"_ _19\"> </span>seguito<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>dell\u2019acq<span class=\"_ _1\"></span>uisizione <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _e\"> </span>Castello <span class=\"_ _19\"> </span>SGR <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>riferibile <span class=\"_ _e\"> </span>all\u2019ammontare <span class=\"_ _19\"> </span>atteso, opportunamente att<span class=\"_ _1\"></span>ualizzato, che la S<span class=\"_ _3\"></span>ociet\u00e0 prevede di c<span class=\"_ _1\"></span>orrispondere a <span class=\"_ _1\"></span>OCM OPPS X<span class=\"_ _1\"></span>b Investe<span class=\"_ _1\"></span>ments (Castello) <span class=\"_ _5\"></span>S.a.r.l. <span class=\"_ _b\"></span> <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>seguito <span class=\"_ _b\"></span>dell\u2019esercizio<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>dell\u2019opzio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>put <span class=\"_ _5\"></span>per <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _5\"></span>ef<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>etti <span class=\"_ _b\"></span>dell\u2019Accordo<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>put <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>call <span class=\"_ _b\"></span>per l\u2019acquisto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>20% d<span class=\"_ _0\"></span>i C<span class=\"_ _0\"></span>astell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>SG<span class=\"_ _1\"></span>R <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>(ii)<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>passivit\u00e0 f<span class=\"_ _0\"></span>ina<span class=\"_ _1\"></span>nziaria, <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>4,4 m<span class=\"_ _0\"></span>il<span class=\"_ _1\"></span>ioni, <span class=\"_ _0\"></span>rilevata <span class=\"_ _0\"></span>a seguito della<span class=\"_ _3\"></span> so<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>scrizi<span class=\"_ _1\"></span>one da<span class=\"_ _1\"></span> parte di <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>astell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> del p<span class=\"_ _1\"></span>atto p<span class=\"_ _1\"></span>arasociale c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n Hall<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span> S.p.a. e<span class=\"_ _1\"></span> riferibile all\u2019ammontare <span class=\"_ _16\"> </span>atteso, <span class=\"_ _16\"> </span>opportu<span class=\"_ _1\"></span>namente <span class=\"_ _16\"> </span>attualizz<span class=\"_ _1\"></span>ato, <span class=\"_ _16\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>la <span class=\"_ _16\"> </span>controllata <span class=\"_ _16\"> </span>Castello <span class=\"_ _16\"> </span>SGR <span class=\"_ _16\"> </span>prevede<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>di corrispondere <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>all<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>is <span class=\"_ _3\"></span>S.p.a.<span class=\"_ _1\"></span>, <span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>seguito <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizi<span class=\"_ _3\"></span>o dell<span class=\"_ _1\"></span>\u2019opzione <span class=\"_ _3\"></span>put <span class=\"_ _3\"></span>rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ita <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>21% <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>capitale <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>Vita Srl  e <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipli<span class=\"_ _1\"></span>nata  nell<span class=\"_ _1\"></span>\u2019ambito  del <span class=\"_ _f\"> </span>sopracitato <span class=\"_ _f\"> </span>patto  pa<span class=\"_ _1\"></span>rasociale.  Pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  ulte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iori <span class=\"_ _f\"> </span>dettagli  s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>manda  al paragrafo <span class=\"_ _c\"> </span>\u201cParte <span class=\"_ _c\"> </span>A <span class=\"_ _211\"> </span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>Politi<span class=\"_ _1\"></span>che <span class=\"_ _c\"> </span>contabili <span class=\"_ _c\"> </span>- <span class=\"_ _c\"> </span>Altr<span class=\"_ _0\"></span>e  informazioni <span class=\"_ _c\"> </span>\u201cOperazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _211\"> </span>conf<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mento <span class=\"_ _c\"> </span>ramo azienda in Vita Srl\u201d della p<span class=\"_ _3\"></span>resen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>No<span class=\"_ _0\"></span>ta i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teg<span class=\"_ _1\"></span>rativa consolidata.<span class=\"_ _1\"></span> Il contribut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>alla voce <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>0. Passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziar<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alut<span class=\"_ _1\"></span>ate <span class=\"_ _1\"></span>al costo amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtizzato\u201d (<span class=\"_ _3\"></span>i) di Kair<span class=\"_ _1\"></span>os SGR \u00e8 <span class=\"_ _3\"></span>pari a c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a Euro<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>5,7 milioni (di cui c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rca Euro <span class=\"_ _0\"></span>3 milioni riferiti a debiti <span class=\"_ _0\"></span>per leasing IFRS 16) e <span class=\"_ _0\"></span>(ii) di Vita <span class=\"_ _0\"></span>Srl \u00e8 pari a circa Euro 5,<span class=\"_ _1\"></span>9 milioni, riferiti es<span class=\"_ _1\"></span>clusivamente a<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> debiti per leasi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g IFRS 1<span class=\"_ _1\"></span>6.<span class=\"_ _4a1\"> </span>1.2<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Composizione d<span class=\"_ _1\"></span>elle \u201cPas<span class=\"_ _1\"></span>sivit\u00e0 finanziarie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alutat<span class=\"_ _1\"></span>e al <span class=\"_ _1\"></span>costo a<span class=\"_ _1\"></span>mmortizzat<span class=\"_ _1\"></span>o\u201d: \u201cTitoli <span class=\"_ _1\"></span>in circolazione\u201d<span class=\"_ _4a1\"> </span></span></span>Titol<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span><table class=\"s w5d1 h39e\" id=\"_3f2a680a-3557-4da0-99b0-c6953ce84cc3\"><tr><td></td><td></td><td></td><td></td><td class=\"c x6d0 y19ba w2d hcd\"><div class=\"t m2a x3b hcb y611 ff3 fs48 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c x6d1 y19ba w2d hcd\"><div class=\"t m2a x3b hcb y611 ff3 fs48 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m2a x335 hcc y19bb ff2 fs48 fc1 sc0 ls0 ws0\">VB<span class=\"_ _4a1\"> </span></td><td></td><td class=\"t m2a x6d2 hcc y19bc ff2 fs48 fc1 sc0 ls0 ws0\">Fair<span class=\"_ _1\"></span> value<span class=\"_ _4a1\"> </span></td><td></td><td class=\"t m2a x6d3 hcc y19bb ff2 fs48 fc1 sc0 ls0 ws0\">VB<span class=\"_ _4a1\"> </span></td><td class=\"t m2a x49c hcc y19bc ff2 fs48 fc1 sc0 ls0 ws0\">Fair value<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c n x6d4 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d5 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d6 y19be w5d3 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6d7 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d8 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d9 y19be w5d4 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19bf w5d5 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">1. Titoli<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6da y19bf w5d6 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>85.21<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6db y19bf w5d7 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">56<span class=\"_ _0\"></span>4.03<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6dc y19c1 w5d8 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6dd y19c1 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6de y19bf w5da h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>84.145<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6df y19bf w5d7 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>38.3<span class=\"_ _0\"></span>20<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e0 y19c1 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6e1 y19c1 w5db h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td></tr><tr><td class=\"c n x1a9 y19c2 w5dc h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">- obbl<span class=\"_ _1\"></span>igazio<span class=\"_ _1\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6e2 y19c2 w5d6 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>85.21<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e3 y19c2 w5d6 h374\" colspan=\"2\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">56<span class=\"_ _0\"></span>4.03<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6e4 y19c2 w5dd h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>84.145<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e5 y19c2 w5d7 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>38.3<span class=\"_ _0\"></span>20<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m2a x2ed hcc y19c3 ff2 fs48 fc1 sc0 ls0 ws0\">- altri<span class=\"_ _1\"></span> tito<span class=\"_ _3\"></span>li<span class=\"_ _4a1\"> </span></td><td class=\"c n x4da y16d8 w5de h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e6 y16d8 w5df h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">58<span class=\"_ _0\"></span>5.2<span class=\"_ _0\"></span>14<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e7 y16d8 w5df h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">564<span class=\"_ _0\"></span>.03<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e8 y19c5 w5db h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6e9 y19c5 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6ea y16d8 w5e0 h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">584<span class=\"_ _0\"></span>.14<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6eb y16d8 w5df h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">538.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>20<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ec y19c5 w5db h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6ed y19c5 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td></tr></table>Legenda:<span class=\"ff2\"> <span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>B= Valo<span class=\"_ _3\"></span>re di bilanc<span class=\"_ _1\"></span>io; L1=<span class=\"_ _1\"></span> Livello 1; L2= <span class=\"_ _1\"></span>Livell<span class=\"_ _1\"></span>o 2; L3= Li<span class=\"_ _1\"></span>vello 3.<span class=\"_ _4a1\"> </span></span>La  voce <span class=\"_ _f\"> </span>\u201cTi<span class=\"_ _0\"></span>to<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i  \u2013 <span class=\"_ _f\"> </span>obbligazioni\u201d  \u00e8<span class=\"_ _1\"></span>  costituita <span class=\"_ _f\"> </span>da  titoli <span class=\"_ _f\"> </span>o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligazionari  emess<span class=\"_ _3\"></span>i  dalla  So<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0 <span class=\"_ _f\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>data  23 ottobre <span class=\"_ _5\"></span>2019 <span class=\"_ _5\"></span>(\u201cPrestito <span class=\"_ _5\"></span>Obbligazionario<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>2026\u201d)<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _6\"></span>22 <span class=\"_ _5\"></span>aprile <span class=\"_ _5\"></span>2021 <span class=\"_ _5\"></span>(\u201cPrestito <span class=\"_ _5\"></span>Obbligazi<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> 2028\u201d).  Il <span class=\"_ _0\"></span>Prestit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> Obbligazionario 2026 <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>esposto<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>nel Bilancio <span class=\"_ _0\"></span>al costo ammortizzato per un <span class=\"_ _0\"></span>ammonta<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>pari a circa E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ro <span class=\"_ _1\"></span>284 milioni. Tale<span class=\"_ _3\"></span> valore \u00e8 rap<span class=\"_ _1\"></span>presentat<span class=\"_ _1\"></span>o (i) dall\u2019<span class=\"_ _1\"></span>importo i<span class=\"_ _1\"></span>ncassato per<span class=\"_ _1\"></span> l\u2019emissione (al<span class=\"_ _3\"></span> n<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>o della <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ia<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quistata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>10 <span class=\"_ _f\"> </span>giugno <span class=\"_ _6\"></span>2020) <span class=\"_ _f\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _f\"> </span>circa <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"></span>282,4<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>milioni, <span class=\"_ _f\"> </span>(<span class=\"_ _1\"></span>ii) <span class=\"_ _f\"> </span>maggiorat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>degl<span class=\"_ _1\"></span>i interessi passivi mat<span class=\"_ _3\"></span>ur<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> dell\u2019ultimo stac<span class=\"_ _1\"></span>co cedola al 31 di<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>embre <span class=\"_ _1\"></span>2024 e dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minati <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on il<span class=\"_ _1\"></span> metodo del costo ammort<span class=\"_ _1\"></span>izzato (sulla base del tasso di interes<span class=\"_ _1\"></span>se effettivo) per circa Eur<span class=\"_ _1\"></span>o 2,1 mili<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ni e (iii) di<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>inuit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>dei <span class=\"_ _3\"></span>costi di<span class=\"_ _3\"></span> transazione <span class=\"_ _3\"></span>correlati a<span class=\"_ _3\"></span>ll\u2019<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>ssi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _3\"></span>obbligazionaria <span class=\"_ _3\"></span>che s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _1\"></span>stati <span class=\"_ _3\"></span>capitalizzati<span class=\"_ _4a1\"> </span>e sono esposti al va<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re r<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>iduo <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> c<span class=\"_ _0\"></span>ir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a Euro 0,<span class=\"_ _1\"></span>5 milioni.<span class=\"_ _4a1\"> </span>Con <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iferi<span class=\"_ _1\"></span>mento a<span class=\"_ _1\"></span>l P<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estito<span class=\"_ _1\"></span> O<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>bligazio<span class=\"_ _1\"></span>nario <span class=\"_ _3\"></span>2028, \u00e8 <span class=\"_ _3\"></span>esposto <span class=\"_ _3\"></span>nel<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Bilancio <span class=\"_ _1\"></span>al <span class=\"_ _3\"></span>costo a<span class=\"_ _1\"></span>mmortizzato, <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n ammontare <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>301,2 <span class=\"_ _6\"></span>milioni. <span class=\"_ _6\"></span>Tale <span class=\"_ _5\"></span>valor<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>resentato <span class=\"_ _6\"></span>(i) <span class=\"_ _f\"></span>dall<span class=\"_ _1\"></span>\u2019importo <span class=\"_ _6\"></span>incassat<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>a<span class=\"_ _4a1\"> </span>seguito <span class=\"_ _f\"> </span>dell\u2019emissione <span class=\"_ _f\"> </span>per  c<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ca  Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>298,2  m<span class=\"_ _3\"></span>ilioni,  (ii<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>maggiorato <span class=\"_ _f\"> </span>degli <span class=\"_ _f\"> </span>interessi  pa<span class=\"_ _1\"></span>ssivi <span class=\"_ _f\"> </span>maturati<span class=\"_ _4a1\"> </span>dall\u2019ultimo <span class=\"_ _5\"></span>stacco <span class=\"_ _6\"></span>cedola <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _5\"></span>2024 <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>determinati <span class=\"_ _5\"></span>con <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>costo <span class=\"_ _6\"></span>ammortizzato<span class=\"_ _3\"></span> (sulla <span class=\"_ _c\"> </span>base <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>tasso <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>interesse <span class=\"_ _c\"> </span>e<span class=\"_ _1\"></span>ffettivo) <span class=\"_ _c\"> </span>per <span class=\"_ _211\"> </span>circ<span class=\"_ _0\"></span>a  E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro <span class=\"_ _c\"> </span>4 <span class=\"_ _c\"> </span>milioni <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>(iii) <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>imin<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ito <span class=\"_ _211\"> </span>dei <span class=\"_ _c\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>i <span class=\"_ _16\"> </span>di transazione correlati all\u2019<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>obbligazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>naria che sono stati <span class=\"_ _0\"></span>capitalizza<span class=\"_ _1\"></span>ti <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sono esposti al <span class=\"_ _0\"></span>valore<span class=\"_ _4a1\"> </span>residuo per circa E<span class=\"_ _1\"></span>uro un milione.<span class=\"_ _3\"></span> Per <span class=\"_ _b\"></span>ulteriori <span class=\"_ _b\"></span>dettagli <span class=\"_ _b\"></span>sul <span class=\"_ _b\"></span>Prest<span class=\"_ _1\"></span>ito <span class=\"_ _b\"></span>Obbligazionario <span class=\"_ _0\"></span>2026 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>su<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>P<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estito <span class=\"_ _0\"></span>Obbligazionario <span class=\"_ _b\"></span>2028 <span class=\"_ _b\"></span>si <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nv<span class=\"_ _0\"></span>ia<span class=\"_ _1\"></span> alla <span class=\"_ _f\"> </span>\u201cParte <span class=\"_ _6\"></span>D<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>- <span class=\"_ _6\"></span>Altr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>  In<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ormazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _6\"></span>\u2013 <span class=\"_ _f\"> </span>Sezione <span class=\"_ _f\"> </span>3 <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"></span>I<span class=\"_ _3\"></span>nformazioni <span class=\"_ _f\"> </span>sui <span class=\"_ _f\"> </span>rischi <span class=\"_ _f\"> </span>e <span class=\"_ _6\"></span>sulle <span class=\"_ _f\"></span>relative <span class=\"_ _6\"></span>pol<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _f\"> </span>di<span class=\"_ _4a1\"> </span>copertura - 3.1 Risc<span class=\"_ _1\"></span>hi finanziari\u201d della p<span class=\"_ _1\"></span>resente N<span class=\"_ _1\"></span>ota Integr<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a c<span class=\"_ _1\"></span>onsolidata.<span class=\"_ _4a1\"> </span>1.5<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Passivit\u00e0 finanziarie valutate al c<span class=\"_ _0\"></span>osto<span class=\"_ _1\"></span> ammortizzato \u2013 Debiti: composiz<span class=\"_ _1\"></span>ione per c<span class=\"_ _0\"></span>ontroparte<span class=\"_ _1\"></span> </span></span><table class=\"s w5f9 h3a1\" id=\"_f044daf2-c3b4-41b9-b0f8-7c261c195777\"><tr><td></td><td></td><td class=\"c n x703 y19d2 w5fa h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">Ban<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he</div></td><td></td><td class=\"c n x704 y19d2 w5fb h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">S<span class=\"_ _0\"></span>ociet\u00e0 fin<span class=\"_ _3\"></span>anz<span class=\"_ _1\"></span>iari<span class=\"_ _3\"></span>e</div></td><td class=\"c n x705 y19d2 w5fc h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>lientel<span class=\"_ _1\"></span>a</div></td><td></td></tr><tr><td class=\"c n x1a9 y19d3 w5fd h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">Comp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>si<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one/Con<span class=\"_ _1\"></span>tropa<span class=\"_ _1\"></span>rte</div></td><td></td><td class=\"c n x706 y19d3 w5fe h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">d<span class=\"_ _3\"></span>i cui: del Gr<span class=\"_ _3\"></span>uppo</div></td><td></td><td class=\"c n x707 y19d3 w5ff h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">di cui: del G<span class=\"_ _3\"></span>ruppo</div></td><td></td><td class=\"c n x708 y19d3 w600 h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">di cui<span class=\"_ _1\"></span>: del Gru<span class=\"_ _3\"></span>ppo</div></td></tr><tr><td class=\"c n x1a9 y19d5 w601 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1. Debit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> ve<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>so ret<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i ven<span class=\"_ _1\"></span>dita</div></td><td class=\"c n x709 y19d5 w602 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">162<span class=\"_ _0\"></span>.641</div></td><td class=\"t ma x70a hce y19d6 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"wsf\"> </span>-  </td><td class=\"c n x70b y19d5 w603 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">930</div></td><td class=\"c x70c y19d7 w5db h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">-</div><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x70d y19d5 w604 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>687</div></td><td class=\"t ma x479 hce y19d6 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"wsf\"> </span>-  </td></tr><tr><td class=\"c n x1a9 y19d8 w605 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> attivit<span class=\"_ _3\"></span>\u00e0 di <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>oc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto OICR</div></td><td class=\"c n x70e y19d8 w606 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">158.9<span class=\"_ _0\"></span>49</div></td><td></td><td class=\"c n x70f y19d8 w603 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">735</div></td><td></td><td class=\"c n x710 y19d8 w607 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.448</div></td><td></td></tr><tr><td class=\"c n x1a9 y19d9 w608 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> attivit<span class=\"_ _3\"></span>\u00e0 di <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>oc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto ge<span class=\"_ _1\"></span>stioni<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>indivi<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ali</div></td><td class=\"c n x711 y19d9 w609 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.33<span class=\"_ _0\"></span>8</div></td><td></td><td></td><td></td><td class=\"c n x712 y19d9 w603 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">227</div></td><td></td></tr><tr><td class=\"c n x1a9 y19da w60a h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> attivit<span class=\"_ _3\"></span>\u00e0 di <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>oc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto fondi<span class=\"_ _1\"></span> pensione</div></td><td class=\"c n x713 y19da w609 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.35<span class=\"_ _0\"></span>4</div></td><td></td><td class=\"c n x714 y19da w60b h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">195</div></td><td></td><td class=\"c n x715 y19da w60c h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">12</div></td><td></td></tr><tr><td class=\"c n x1a9 y19db w60d h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2. Debit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> per<span class=\"_ _1\"></span> atti<span class=\"_ _3\"></span>vit\u00e0 di gesti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>e</div></td><td class=\"c n x716 y19db w60e h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>75</div></td><td class=\"t ma x70a hce y19dc ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td><td class=\"c n x717 y19db w60f h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span>25</div></td><td class=\"c x718 y19dd w5d9 h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x719 y19db w610 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>256</div></td><td class=\"t ma x479 hce y19dc ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td></tr><tr><td class=\"c n x1a9 y19de w611 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> gestioni propri<span class=\"_ _1\"></span>e</div></td><td class=\"c n x71a y19de w612 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">71</div></td><td></td><td class=\"c n x71b y19de w613 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span>21</div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19df w614 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> gestioni ric<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>vu<span class=\"_ _3\"></span>te in de<span class=\"_ _1\"></span>lega</div></td><td class=\"c n x71c y19df w615 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">80<span class=\"_ _0\"></span>4</div></td><td></td><td class=\"c n x71d y19df w616 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2</div></td><td></td><td class=\"c n x71e y19df w617 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.256</div></td><td></td></tr><tr><td class=\"c n x1a9 y19e0 w618 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> altro</div></td><td></td><td></td><td class=\"c n x71f y19e0 w619 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2</div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19e1 w61a h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">3. Debit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> per<span class=\"_ _1\"></span> altri se<span class=\"_ _1\"></span>rvizi</div></td><td class=\"c n x720 y19e1 w61b h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc3 sc0 ls0 ws0\">0</div></td><td class=\"t ma x70a hce y19e2 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td><td class=\"c n x721 y19e1 w619 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc3 sc0 ls0 ws0\">0</div></td><td class=\"c x718 y19e3 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x722 y19e1 w616 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc3 sc0 ls0 ws0\">0</div></td><td class=\"t ma x479 hce y19e2 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td></tr><tr><td class=\"c n x1a9 y19e4 w61c h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">4. A<span class=\"_ _0\"></span>ltr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> de<span class=\"_ _3\"></span>biti</div></td><td class=\"c n x723 y19e4 w61d h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>9</div></td><td class=\"t ma x70a hce y19e5 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td><td></td><td class=\"c x718 y19e6 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x724 y19e4 w61e h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">44<span class=\"_ _0\"></span>.900</div></td><td class=\"t ma x479 hce y19e5 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td></tr><tr><td class=\"t ma x2ed hd0 y19e7 ff2 fs49 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _0\"></span> pro<span class=\"_ _1\"></span>nti con<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>o ter<span class=\"_ _3\"></span>mine</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19e8 w61f h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _0\"></span> deb<span class=\"_ _3\"></span>iti per le<span class=\"_ _3\"></span>asi<span class=\"_ _0\"></span>ng</div></td><td></td><td></td><td></td><td></td><td class=\"c n x725 y19e8 w620 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>6.0<span class=\"_ _0\"></span>90</div></td><td></td></tr><tr><td class=\"c n x1a9 y19e9 w621 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _0\"></span> alt<span class=\"_ _3\"></span>ri</div></td><td class=\"c n x726 y19e9 w612 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">29</div></td><td></td><td></td><td></td><td class=\"c n x727 y19e9 w622 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">18<span class=\"_ _0\"></span>.810</div></td><td></td></tr><tr><td class=\"c n x1a9 y19ea w623 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">Totale 31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.202<span class=\"_ _0\"></span>4</div></td><td class=\"c n x728 y19ea w624 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">16<span class=\"_ _0\"></span>3.5<span class=\"_ _0\"></span>45</div></td><td class=\"t ma x729 hce y19eb ff3 fs49 fc1 sc0 ls0 ws0\">  -  </td><td class=\"c n x72a y19ea w625 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">2.155</div></td><td class=\"c x718 y19ec w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x72b y19ea w626 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">49.843</div></td><td class=\"c x72c y19ed w2e hd1\"><div class=\"t ma xb7 hce y611 ff3 fs49 fc1 sc0 ls0 ws0\">  -  </div></td></tr><tr><td class=\"c n x1a9 y19ee w623 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">Totale 31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.202<span class=\"_ _0\"></span>3</div></td><td class=\"c n x728 y19ee w624 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">15<span class=\"_ _0\"></span>9.6<span class=\"_ _0\"></span>00</div></td><td class=\"t ma x729 hce y19ef ff3 fs49 fc1 sc0 ls0 ws0\">  -  </td><td class=\"c n x72d y19ee w60b h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">465</div></td><td class=\"c x718 y16d8 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x72e y19ee w626 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">23.359</div></td><td class=\"c x72c y19f0 w2e hd1\"><div class=\"t ma xb7 hce y611 ff3 fs49 fc1 sc0 ls0 ws0\">  -  </div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepositsFromCustomersExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-488": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 1 \u2013 Passivit\u00e0 finanziarie val<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>ate al costo ammo<span class=\"_ _1\"></span>rtiz<span class=\"_ _0\"></span>zato <span class=\"_ _3\"></span>\u2013 V<span class=\"_ _0\"></span>oce 10<span class=\"_ _1\"></span> 1.1<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Passivit\u00e0 finanziarie valutate al c<span class=\"_ _0\"></span>osto<span class=\"_ _1\"></span> ammortizzato:<span class=\"_ _0\"></span> composizi<span class=\"_ _1\"></span>one merceologica dei debiti</span></span><table class=\"s w5a9 h39c\" id=\"_aa13623e-59a2-4126-b9b7-a3d51fa5b324\"><tr><td class=\"c n x1a9 y19a4 w5aa h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>tt<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>o/<span class=\"_ _0\"></span>Valo<span class=\"_ _0\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ad y19a4 w5ab h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ae y19a4 w5ac h368\"><div class=\"t m29 x17f hc7 y19a3 ff3 fs46 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a5 w5ad h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti verso<span class=\"_ _3\"></span> reti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>ve<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ta:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6af y19a5 w5ae h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">167.<span class=\"_ _0\"></span>258<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b0 y19a5 w5af h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">148<span class=\"_ _0\"></span>.56<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a6 w5b0 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o OIC<span class=\"_ _0\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b1 y19a6 w5b1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">163.13<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b2 y19a6 w5b2 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">14<span class=\"_ _0\"></span>4.9<span class=\"_ _0\"></span>80<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a7 w5b3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>i in<span class=\"_ _3\"></span>div<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b3 y19a7 w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>565<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b4 y19a7 w5b5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.48<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a8 w5b6 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>per att<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span>t\u00e0 di co<span class=\"_ _3\"></span>ll<span class=\"_ _1\"></span>ocament<span class=\"_ _3\"></span>o fon<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> pen<span class=\"_ _3\"></span>si<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b5 y19a8 w5b7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.561<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b6 y19a8 w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>102<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19a9 w5b8 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>\u00e0 d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>io<span class=\"_ _3\"></span>ne:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b7 y19a9 w5b9 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3.356<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b8 y19a9 w5b5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>210<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19aa w5ba h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>per gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> pro<span class=\"_ _3\"></span>prie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6b9 y19aa w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>292<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y19ab w5bb h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>per gest<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> ricevut<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>in<span class=\"_ _3\"></span> de<span class=\"_ _0\"></span>le<span class=\"_ _1\"></span>g<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ba y19ab w5b4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.062<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bb y19ab w5bc h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span>93<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ac w5bd h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>per alt<span class=\"_ _1\"></span>ro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bc y19ac w5be h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bd y19ac w5bf h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">17<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ad w5c0 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ti p<span class=\"_ _3\"></span>er altri <span class=\"_ _3\"></span>servizi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6be y19ad w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6bf y19ad w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ae w5c2 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c0 y19ae w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">44.92<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c1 y19ae w5c4 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>2.6<span class=\"_ _0\"></span>47<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19af w5c5 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>1 <span class=\"_ _1\"></span>pron<span class=\"_ _3\"></span>t<span class=\"_ _1\"></span>i co<span class=\"_ _3\"></span>nt<span class=\"_ _3\"></span>ro t<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rmi<span class=\"_ _1\"></span>ne<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c2 y19af w5be h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c3 y19af w5c1 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b0 w5c6 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>2 <span class=\"_ _1\"></span>D<span class=\"_ _0\"></span>ebit<span class=\"_ _1\"></span>i p<span class=\"_ _3\"></span>er leasi<span class=\"_ _3\"></span>ng<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c4 y19b0 w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">26.0<span class=\"_ _0\"></span>90<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c5 y19b0 w5c7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>917<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b1 w5c8 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>3 <span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>tri deb<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c6 y19b1 w5c3 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">18.8<span class=\"_ _0\"></span>39<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c7 y19b1 w5c7 h368\"><div class=\"t m29 x17f hc8 y1796 ff2 fs46 fc1 sc0 ls0 ws0\">13.7<span class=\"_ _0\"></span>30<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b3 w5c9 h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c8 y19b3 w5ca h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">215.54<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6c9 y19b3 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">18<span class=\"_ _0\"></span>3.42<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m29 x1fd hc7 y19b4 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 1<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19b6 w5cc h39d\"><div class=\"t m29 x17f hc7 y19b5 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ca y19b7 w5cd h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">196.7<span class=\"_ _0\"></span>33<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cb y19b7 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>69.75<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19b8 w5cc h39d\"><div class=\"t m29 x17f hc7 y19b5 ff6 fs46 fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>r v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _3\"></span>e -<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>liv<span class=\"_ _3\"></span>ello 3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cc y19b9 w5ce h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">18.810<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cd y19b9 w5cf h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">13.6<span class=\"_ _0\"></span>65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w5d0 h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale fair<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>val<span class=\"_ _0\"></span>ue<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ce y16d8 w5ca h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">215.54<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6cf y16d8 w5cb h368\"><div class=\"t m29 x17f hc7 y19b2 ff3 fs46 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>83.42<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr></table>I <span class=\"_ _b\"></span>valor<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>ind<span class=\"_ _1\"></span>icati <span class=\"_ _b\"></span>nella <span class=\"_ _b\"></span>sottovoce <span class=\"_ _b\"></span>\u201c1. <span class=\"_ _b\"></span>Debiti <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erso <span class=\"_ _b\"></span>ret<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>endita\u201d <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>riconducibili <span class=\"_ _b\"></span>quasi <span class=\"_ _b\"></span>interame<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>te alle <span class=\"_ _e\"> </span>commissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _d\"> </span>da <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>iconos<span class=\"_ _1\"></span>cere <span class=\"_ _e\"> </span>ai <span class=\"_ _d\"> </span>di<span class=\"_ _0\"></span>str<span class=\"_ _1\"></span>ibutori <span class=\"_ _d\"> </span>dei <span class=\"_ _19\"> </span>prod<span class=\"_ _1\"></span>otti <span class=\"_ _d\"> </span>i<span class=\"_ _0\"></span>stitu<span class=\"_ _1\"></span>iti <span class=\"_ _e\"> </span>e <span class=\"_ _d\"> </span>gestiti <span class=\"_ _e\"> </span>dal <span class=\"_ _d\"> </span>Gruppo; <span class=\"_ _e\"> </span>tali commissioni <span class=\"_ _b\"></span>verrann<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>pagate <span class=\"_ _b\"></span>quasi <span class=\"_ _b\"></span>interamente <span class=\"_ _0\"></span>nel <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rso<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>primo <span class=\"_ _b\"></span>trimestre <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>202<span class=\"_ _1\"></span>5. <span class=\"_ _b\"></span>L\u2019<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>um<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to, rispetto <span class=\"_ _5\"></span>al <span class=\"_ _b\"></span>31 <span class=\"_ _5\"></span>dicembre <span class=\"_ _b\"></span>2023, <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>principalme<span class=\"_ _1\"></span>nte <span class=\"_ _5\"></span>dovuto <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giori <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mmissioni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ollo<span class=\"_ _1\"></span>camento <span class=\"_ _5\"></span>pe<span class=\"_ _1\"></span>r circa Euro 17,2 milio<span class=\"_ _1\"></span>ni. Il contribut<span class=\"_ _1\"></span>o di Kairos alla s<span class=\"_ _1\"></span>ottovoce \u00e8 pari a ci<span class=\"_ _1\"></span>rca Euro 2,7 milio<span class=\"_ _1\"></span>ni. Nella <span class=\"_ _1d\"> </span>sottovoce <span class=\"_ _18\"> </span>\u201c2. <span class=\"_ _1d\"> </span>Debiti <span class=\"_ _18\"> </span>per <span class=\"_ _1d\"> </span>attivit\u00e0 <span class=\"_ _1d\"> </span>di <span class=\"_ _18\"> </span>gestione\u201d, <span class=\"_ _18\"> </span>sono<span class=\"_ _0\"></span> <span class=\"_ _18\"> </span>evidenziati <span class=\"_ _18\"> </span>i <span class=\"_ _1d\"> </span>debiti <span class=\"_ _18\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>conducibili principalmente <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>commissioni da <span class=\"_ _b\"></span>ricon<span class=\"_ _1\"></span>oscere <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>distributori<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Sica<span class=\"_ _1\"></span>v <span class=\"_ _0\"></span>promosse <span class=\"_ _0\"></span>e/o g<span class=\"_ _0\"></span>estite<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>dal Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> per ci<span class=\"_ _1\"></span>rca 2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1 milioni e (ii) alle commissioni per l\u2019attivit\u00e0 di gestioni di patrimo<span class=\"_ _1\"></span>ni a f<span class=\"_ _0\"></span>av<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re di enti fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>svol<span class=\"_ _0\"></span>te da Ka<span class=\"_ _1\"></span>iros SGR per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>cir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a Euro 1,3 m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>lioni. La <span class=\"_ _5\"></span>sottovoce <span class=\"_ _b\"></span>\u201c<span class=\"_ _0\"></span>4. <span class=\"_ _5\"></span>Alt<span class=\"_ _1\"></span>ri <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>bi<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>4.2 <span class=\"_ _b\"></span>D<span class=\"_ _0\"></span>ebit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>per <span class=\"_ _5\"></span>leasing\u201d <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>costituita <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>debi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>iduo, <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _5\"></span>dicembre 2024, <span class=\"_ _3\"></span>in <span class=\"_ _1\"></span>relazio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>ai di<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>itti <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>\u2019uso <span class=\"_ _3\"></span>isc<span class=\"_ _1\"></span>ritti <span class=\"_ _1\"></span>in <span class=\"_ _3\"></span>all\u2019applicazione <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>principio <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontabi<span class=\"_ _1\"></span>le <span class=\"_ _3\"></span>IFRS <span class=\"_ _3\"></span>16. L<span class=\"_ _3\"></span>\u2019incremento della <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>importo <span class=\"_ _5\"></span>complessivo <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>circa <span class=\"_ _5\"></span>Eu<span class=\"_ _0\"></span>ro <span class=\"_ _5\"></span>14<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>6 <span class=\"_ _6\"></span>milioni <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _6\"></span>dovuto <span class=\"_ _5\"></span>princ<span class=\"_ _0\"></span>ipalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>(i) <span class=\"_ _6\"></span>ai debiti <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>contratti d<span class=\"_ _0\"></span>i locazione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>rela<span class=\"_ _1\"></span>tivi <span class=\"_ _b\"></span>alle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sedi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Milano, <span class=\"_ _0\"></span>Roma <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Torino <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa Euro <span class=\"_ _1\"></span>2,3 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>oltre a<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>att<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>locazione <span class=\"_ _3\"></span>delle <span class=\"_ _3\"></span>auto <span class=\"_ _3\"></span>aziend<span class=\"_ _0\"></span>ali <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>onces<span class=\"_ _1\"></span>se <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>uso <span class=\"_ _3\"></span>gratuito <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>person<span class=\"_ _0\"></span>ale<span class=\"_ _3\"></span> e <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>altri b<span class=\"_ _0\"></span>eni <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>un<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>complessi<span class=\"_ _1\"></span>vo <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a c<span class=\"_ _0\"></span>irca <span class=\"_ _0\"></span>Euro<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>0,7 m<span class=\"_ _0\"></span>ilio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(ii)<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>ai con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atti <span class=\"_ _0\"></span>di locazione <span class=\"_ _0\"></span>di Vita <span class=\"_ _6\"></span>Srl, <span class=\"_ _f\"> </span>relativi <span class=\"_ _f\"></span>a<span class=\"_ _3\"></span>gl<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>im<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>bili <span class=\"_ _6\"></span>strumentali <span class=\"_ _6\"></span>all\u2019attivi<span class=\"_ _3\"></span>t\u00e0 <span class=\"_ _f\"> </span>svolta <span class=\"_ _f\"> </span>dal<span class=\"_ _1\"></span>la <span class=\"_ _6\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollata<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>ndiretta <span class=\"_ _6\"></span>(siti <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>R<span class=\"_ _0\"></span>oma<span class=\"_ _1\"></span>, Gressoney e Ponte di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>L<span class=\"_ _0\"></span>egno) per circa Euro 5,6 milioni, oltre ai contratti di locazione degli arredi degli<span class=\"_ _4a1\"> </span>immobili d<span class=\"_ _3\"></span>i Roma e<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Gr<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ney <span class=\"_ _3\"></span>per ci<span class=\"_ _1\"></span>rca Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>mil<span class=\"_ _1\"></span>ioni, al <span class=\"_ _3\"></span>netto <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>iii) <span class=\"_ _3\"></span>dei p<span class=\"_ _1\"></span>agamenti <span class=\"_ _1\"></span>effettuati <span class=\"_ _3\"></span>nel <span class=\"_ _1\"></span>corso del <span class=\"_ _f\"> </span>periodo. <span class=\"_ _f\"> </span>Per <span class=\"_ _6\"></span>maggiori <span class=\"_ _f\"> </span>informazioni <span class=\"_ _f\"></span>si <span class=\"_ _6\"></span>ri<span class=\"_ _0\"></span>ma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>da<span class=\"_ _3\"></span>  a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la <span class=\"_ _f\"> </span>\u201cParte <span class=\"_ _6\"></span>D <span class=\"_ _f\"> </span>\u2013Altr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>  In<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ormazio<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"> </span>Sezione <span class=\"_ _6\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>\u2013 Informativa sul leasi<span class=\"_ _1\"></span>ng\u201d della prese<span class=\"_ _1\"></span>nte Nota integra<span class=\"_ _1\"></span>tiva consolidata.<span class=\"_ _3\"></span> La <span class=\"_ _6\"></span>sottovoce <span class=\"_ _b\"></span>\u201c<span class=\"_ _0\"></span>4. <span class=\"_ _5\"></span>Altri <span class=\"_ _5\"></span>debiti <span class=\"_ _5\"></span>\u2013 <span class=\"_ _6\"></span>4.3 <span class=\"_ _6\"></span>altri\u201d <span class=\"_ _5\"></span>comprende <span class=\"_ _5\"></span>(i) <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>passivit\u00e0 <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>inanziar<span class=\"_ _1\"></span>ia, <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>Euro <span class=\"_ _5\"></span>1<span class=\"_ _0\"></span>4,4<span class=\"_ _3\"></span> milioni, <span class=\"_ _19\"> </span>rilevata <span class=\"_ _e\"> </span>a <span class=\"_ _19\"> </span>seguito<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>dell\u2019acq<span class=\"_ _1\"></span>uisizione <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _e\"> </span>Castello <span class=\"_ _19\"> </span>SGR <span class=\"_ _19\"> </span>e <span class=\"_ _19\"> </span>riferibile <span class=\"_ _e\"> </span>all\u2019ammontare <span class=\"_ _19\"> </span>atteso, opportunamente att<span class=\"_ _1\"></span>ualizzato, che la S<span class=\"_ _3\"></span>ociet\u00e0 prevede di c<span class=\"_ _1\"></span>orrispondere a <span class=\"_ _1\"></span>OCM OPPS X<span class=\"_ _1\"></span>b Investe<span class=\"_ _1\"></span>ments (Castello) <span class=\"_ _5\"></span>S.a.r.l. <span class=\"_ _b\"></span> <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>seguito <span class=\"_ _b\"></span>dell\u2019esercizio<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>dell\u2019opzio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>put <span class=\"_ _5\"></span>per <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _5\"></span>ef<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>etti <span class=\"_ _b\"></span>dell\u2019Accordo<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>put <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>call <span class=\"_ _b\"></span>per l\u2019acquisto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>20% d<span class=\"_ _0\"></span>i C<span class=\"_ _0\"></span>astell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>SG<span class=\"_ _1\"></span>R <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>(ii)<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>passivit\u00e0 f<span class=\"_ _0\"></span>ina<span class=\"_ _1\"></span>nziaria, <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>4,4 m<span class=\"_ _0\"></span>il<span class=\"_ _1\"></span>ioni, <span class=\"_ _0\"></span>rilevata <span class=\"_ _0\"></span>a seguito della<span class=\"_ _3\"></span> so<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>scrizi<span class=\"_ _1\"></span>one da<span class=\"_ _1\"></span> parte di <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>astell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> del p<span class=\"_ _1\"></span>atto p<span class=\"_ _1\"></span>arasociale c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n Hall<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span> S.p.a. e<span class=\"_ _1\"></span> riferibile all\u2019ammontare <span class=\"_ _16\"> </span>atteso, <span class=\"_ _16\"> </span>opportu<span class=\"_ _1\"></span>namente <span class=\"_ _16\"> </span>attualizz<span class=\"_ _1\"></span>ato, <span class=\"_ _16\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>la <span class=\"_ _16\"> </span>controllata <span class=\"_ _16\"> </span>Castello <span class=\"_ _16\"> </span>SGR <span class=\"_ _16\"> </span>prevede<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>di corrispondere <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>all<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>is <span class=\"_ _3\"></span>S.p.a.<span class=\"_ _1\"></span>, <span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>seguito <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizi<span class=\"_ _3\"></span>o dell<span class=\"_ _1\"></span>\u2019opzione <span class=\"_ _3\"></span>put <span class=\"_ _3\"></span>rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ita <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>21% <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>capitale <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>Vita Srl  e <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipli<span class=\"_ _1\"></span>nata  nell<span class=\"_ _1\"></span>\u2019ambito  del <span class=\"_ _f\"> </span>sopracitato <span class=\"_ _f\"> </span>patto  pa<span class=\"_ _1\"></span>rasociale.  Pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>  ulte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iori <span class=\"_ _f\"> </span>dettagli  s<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>manda  al paragrafo <span class=\"_ _c\"> </span>\u201cParte <span class=\"_ _c\"> </span>A <span class=\"_ _211\"> </span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>Politi<span class=\"_ _1\"></span>che <span class=\"_ _c\"> </span>contabili <span class=\"_ _c\"> </span>- <span class=\"_ _c\"> </span>Altr<span class=\"_ _0\"></span>e  informazioni <span class=\"_ _c\"> </span>\u201cOperazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _211\"> </span>conf<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mento <span class=\"_ _c\"> </span>ramo azienda in Vita Srl\u201d della p<span class=\"_ _3\"></span>resen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>No<span class=\"_ _0\"></span>ta i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teg<span class=\"_ _1\"></span>rativa consolidata.<span class=\"_ _1\"></span> Il contribut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>alla voce <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>0. Passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziar<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alut<span class=\"_ _1\"></span>ate <span class=\"_ _1\"></span>al costo amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtizzato\u201d (<span class=\"_ _3\"></span>i) di Kair<span class=\"_ _1\"></span>os SGR \u00e8 <span class=\"_ _3\"></span>pari a c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a Euro<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>5,7 milioni (di cui c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rca Euro <span class=\"_ _0\"></span>3 milioni riferiti a debiti <span class=\"_ _0\"></span>per leasing IFRS 16) e <span class=\"_ _0\"></span>(ii) di Vita <span class=\"_ _0\"></span>Srl \u00e8 pari a circa Euro 5,<span class=\"_ _1\"></span>9 milioni, riferiti es<span class=\"_ _1\"></span>clusivamente a<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> debiti per leasi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g IFRS 1<span class=\"_ _1\"></span>6.<span class=\"_ _4a1\"> </span>1.2<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Composizione d<span class=\"_ _1\"></span>elle \u201cPas<span class=\"_ _1\"></span>sivit\u00e0 finanziarie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alutat<span class=\"_ _1\"></span>e al <span class=\"_ _1\"></span>costo a<span class=\"_ _1\"></span>mmortizzat<span class=\"_ _1\"></span>o\u201d: \u201cTitoli <span class=\"_ _1\"></span>in circolazione\u201d<span class=\"_ _4a1\"> </span></span></span><span class=\"ff23\"><span class=\"ff5\"><span class=\"_ _8\"></span> </span></span>Titol<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span><table class=\"s w5d1 h39e\" id=\"_3f2a680a-3557-4da0-99b0-c6953ce84cc3\"><tr><td></td><td></td><td></td><td></td><td class=\"c x6d0 y19ba w2d hcd\"><div class=\"t m2a x3b hcb y611 ff3 fs48 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c x6d1 y19ba w2d hcd\"><div class=\"t m2a x3b hcb y611 ff3 fs48 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m2a x335 hcc y19bb ff2 fs48 fc1 sc0 ls0 ws0\">VB<span class=\"_ _4a1\"> </span></td><td></td><td class=\"t m2a x6d2 hcc y19bc ff2 fs48 fc1 sc0 ls0 ws0\">Fair<span class=\"_ _1\"></span> value<span class=\"_ _4a1\"> </span></td><td></td><td class=\"t m2a x6d3 hcc y19bb ff2 fs48 fc1 sc0 ls0 ws0\">VB<span class=\"_ _4a1\"> </span></td><td class=\"t m2a x49c hcc y19bc ff2 fs48 fc1 sc0 ls0 ws0\">Fair value<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c n x6d4 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d5 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d6 y19be w5d3 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6d7 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d8 y19be w5d2 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6d9 y19be w5d4 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">L3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19bf w5d5 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">1. Titoli<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6da y19bf w5d6 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>85.21<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6db y19bf w5d7 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">56<span class=\"_ _0\"></span>4.03<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6dc y19c1 w5d8 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6dd y19c1 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6de y19bf w5da h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>84.145<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6df y19bf w5d7 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>38.3<span class=\"_ _0\"></span>20<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e0 y19c1 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6e1 y19c1 w5db h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td></tr><tr><td class=\"c n x1a9 y19c2 w5dc h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">- obbl<span class=\"_ _1\"></span>igazio<span class=\"_ _1\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6e2 y19c2 w5d6 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>85.21<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e3 y19c2 w5d6 h374\" colspan=\"2\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">56<span class=\"_ _0\"></span>4.03<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6e4 y19c2 w5dd h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>84.145<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e5 y19c2 w5d7 h374\"><div class=\"t m2a x17f hcc y19bd ff2 fs48 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>38.3<span class=\"_ _0\"></span>20<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m2a x2ed hcc y19c3 ff2 fs48 fc1 sc0 ls0 ws0\">- altri<span class=\"_ _1\"></span> tito<span class=\"_ _3\"></span>li<span class=\"_ _4a1\"> </span></td><td class=\"c n x4da y16d8 w5de h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">T<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e6 y16d8 w5df h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">58<span class=\"_ _0\"></span>5.2<span class=\"_ _0\"></span>14<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e7 y16d8 w5df h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">564<span class=\"_ _0\"></span>.03<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6e8 y19c5 w5db h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6e9 y19c5 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6ea y16d8 w5e0 h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">584<span class=\"_ _0\"></span>.14<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6eb y16d8 w5df h374\"><div class=\"t m2a x17f hcb y19c4 ff3 fs48 fc1 sc0 ls0 ws0\">538.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>20<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ec y19c5 w5db h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x6ed y19c5 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td></tr></table>Legenda:<span class=\"ff2\"> <span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>B= Valo<span class=\"_ _3\"></span>re di bilanc<span class=\"_ _1\"></span>io; L1=<span class=\"_ _1\"></span> Livello 1; L2= <span class=\"_ _1\"></span>Livell<span class=\"_ _1\"></span>o 2; L3= Li<span class=\"_ _1\"></span>vello 3.<span class=\"_ _4a1\"> </span></span>La  voce <span class=\"_ _f\"> </span>\u201cTi<span class=\"_ _0\"></span>to<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i  \u2013 <span class=\"_ _f\"> </span>obbligazioni\u201d  \u00e8<span class=\"_ _1\"></span>  costituita <span class=\"_ _f\"> </span>da  titoli <span class=\"_ _f\"> </span>o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligazionari  emess<span class=\"_ _3\"></span>i  dalla  So<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0 <span class=\"_ _f\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>data  23 ottobre <span class=\"_ _5\"></span>2019 <span class=\"_ _5\"></span>(\u201cPrestito <span class=\"_ _5\"></span>Obbligazionario<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>2026\u201d)<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _6\"></span>22 <span class=\"_ _5\"></span>aprile <span class=\"_ _5\"></span>2021 <span class=\"_ _5\"></span>(\u201cPrestito <span class=\"_ _5\"></span>Obbligazi<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> 2028\u201d).  Il <span class=\"_ _0\"></span>Prestit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> Obbligazionario 2026 <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>esposto<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>nel Bilancio <span class=\"_ _0\"></span>al costo ammortizzato per un <span class=\"_ _0\"></span>ammonta<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>pari a circa E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ro <span class=\"_ _1\"></span>284 milioni. Tale<span class=\"_ _3\"></span> valore \u00e8 rap<span class=\"_ _1\"></span>presentat<span class=\"_ _1\"></span>o (i) dall\u2019<span class=\"_ _1\"></span>importo i<span class=\"_ _1\"></span>ncassato per<span class=\"_ _1\"></span> l\u2019emissione (al<span class=\"_ _3\"></span> n<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>o della <span class=\"_ _f\"> </span>parte <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ia<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quistata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>10 <span class=\"_ _f\"> </span>giugno <span class=\"_ _6\"></span>2020) <span class=\"_ _f\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _f\"> </span>circa <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"></span>282,4<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>milioni, <span class=\"_ _f\"> </span>(<span class=\"_ _1\"></span>ii) <span class=\"_ _f\"> </span>maggiorat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>degl<span class=\"_ _1\"></span>i interessi passivi mat<span class=\"_ _3\"></span>ur<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> dell\u2019ultimo stac<span class=\"_ _1\"></span>co cedola al 31 di<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>embre <span class=\"_ _1\"></span>2024 e dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minati <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on il<span class=\"_ _1\"></span> metodo del costo ammort<span class=\"_ _1\"></span>izzato (sulla base del tasso di interes<span class=\"_ _1\"></span>se effettivo) per circa Eur<span class=\"_ _1\"></span>o 2,1 mili<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ni e (iii) di<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>inuit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>dei <span class=\"_ _3\"></span>costi di<span class=\"_ _3\"></span> transazione <span class=\"_ _3\"></span>correlati a<span class=\"_ _3\"></span>ll\u2019<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>ssi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _3\"></span>obbligazionaria <span class=\"_ _3\"></span>che s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _1\"></span>stati <span class=\"_ _3\"></span>capitalizzati<span class=\"_ _4a1\"> </span>e sono esposti al va<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re r<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>iduo <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> c<span class=\"_ _0\"></span>ir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a Euro 0,<span class=\"_ _1\"></span>5 milioni.<span class=\"_ _4a1\"> </span>Con <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iferi<span class=\"_ _1\"></span>mento a<span class=\"_ _1\"></span>l P<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estito<span class=\"_ _1\"></span> O<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>bligazio<span class=\"_ _1\"></span>nario <span class=\"_ _3\"></span>2028, \u00e8 <span class=\"_ _3\"></span>esposto <span class=\"_ _3\"></span>nel<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Bilancio <span class=\"_ _1\"></span>al <span class=\"_ _3\"></span>costo a<span class=\"_ _1\"></span>mmortizzato, <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n ammontare <span class=\"_ _6\"></span>pari <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>301,2 <span class=\"_ _6\"></span>milioni. <span class=\"_ _6\"></span>Tale <span class=\"_ _5\"></span>valor<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>resentato <span class=\"_ _6\"></span>(i) <span class=\"_ _f\"></span>dall<span class=\"_ _1\"></span>\u2019importo <span class=\"_ _6\"></span>incassat<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>a<span class=\"_ _4a1\"> </span>seguito <span class=\"_ _f\"> </span>dell\u2019emissione <span class=\"_ _f\"> </span>per  c<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ca  Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _f\"> </span>298,2  m<span class=\"_ _3\"></span>ilioni,  (ii<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>maggiorato <span class=\"_ _f\"> </span>degli <span class=\"_ _f\"> </span>interessi  pa<span class=\"_ _1\"></span>ssivi <span class=\"_ _f\"> </span>maturati<span class=\"_ _4a1\"> </span>dall\u2019ultimo <span class=\"_ _5\"></span>stacco <span class=\"_ _6\"></span>cedola <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>31 <span class=\"_ _6\"></span>dicembre <span class=\"_ _5\"></span>2024 <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>determinati <span class=\"_ _5\"></span>con <span class=\"_ _6\"></span>il <span class=\"_ _5\"></span>metodo <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>costo <span class=\"_ _6\"></span>ammortizzato<span class=\"_ _3\"></span> (sulla <span class=\"_ _c\"> </span>base <span class=\"_ _c\"> </span>del <span class=\"_ _c\"> </span>tasso <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>interesse <span class=\"_ _c\"> </span>e<span class=\"_ _1\"></span>ffettivo) <span class=\"_ _c\"> </span>per <span class=\"_ _211\"> </span>circ<span class=\"_ _0\"></span>a  E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro <span class=\"_ _c\"> </span>4 <span class=\"_ _c\"> </span>milioni <span class=\"_ _c\"> </span>e <span class=\"_ _c\"> </span>(iii) <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>imin<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ito <span class=\"_ _211\"> </span>dei <span class=\"_ _c\"> </span>co<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>i <span class=\"_ _16\"> </span>di transazione correlati all\u2019<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>obbligazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>naria che sono stati <span class=\"_ _0\"></span>capitalizza<span class=\"_ _1\"></span>ti <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sono esposti al <span class=\"_ _0\"></span>valore<span class=\"_ _4a1\"> </span>residuo per circa E<span class=\"_ _1\"></span>uro un milione.<span class=\"_ _3\"></span> Per <span class=\"_ _b\"></span>ulteriori <span class=\"_ _b\"></span>dettagli <span class=\"_ _b\"></span>sul <span class=\"_ _b\"></span>Prest<span class=\"_ _1\"></span>ito <span class=\"_ _b\"></span>Obbligazionario <span class=\"_ _0\"></span>2026 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>su<span class=\"_ _0\"></span>l <span class=\"_ _b\"></span>P<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>estito <span class=\"_ _0\"></span>Obbligazionario <span class=\"_ _b\"></span>2028 <span class=\"_ _b\"></span>si <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nv<span class=\"_ _0\"></span>ia<span class=\"_ _1\"></span> alla <span class=\"_ _f\"> </span>\u201cParte <span class=\"_ _6\"></span>D<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>- <span class=\"_ _6\"></span>Altr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>  In<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ormazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _6\"></span>\u2013 <span class=\"_ _f\"> </span>Sezione <span class=\"_ _f\"> </span>3 <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"></span>I<span class=\"_ _3\"></span>nformazioni <span class=\"_ _f\"> </span>sui <span class=\"_ _f\"> </span>rischi <span class=\"_ _f\"> </span>e <span class=\"_ _6\"></span>sulle <span class=\"_ _f\"></span>relative <span class=\"_ _6\"></span>pol<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>he <span class=\"_ _f\"> </span>di<span class=\"_ _4a1\"> </span>copertura - 3.1 Risc<span class=\"_ _1\"></span>hi finanziari\u201d della p<span class=\"_ _1\"></span>resente N<span class=\"_ _1\"></span>ota Integr<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a c<span class=\"_ _1\"></span>onsolidata.<span class=\"_ _4a1\"> </span>1.5<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Passivit\u00e0 finanziarie valutate al c<span class=\"_ _0\"></span>osto<span class=\"_ _1\"></span> ammortizzato \u2013 Debiti: composiz<span class=\"_ _1\"></span>ione per c<span class=\"_ _0\"></span>ontroparte<span class=\"_ _1\"></span> </span></span><table class=\"s w5f9 h3a1\" id=\"_f044daf2-c3b4-41b9-b0f8-7c261c195777\"><tr><td></td><td></td><td class=\"c n x703 y19d2 w5fa h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">Ban<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he</div></td><td></td><td class=\"c n x704 y19d2 w5fb h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">S<span class=\"_ _0\"></span>ociet\u00e0 fin<span class=\"_ _3\"></span>anz<span class=\"_ _1\"></span>iari<span class=\"_ _3\"></span>e</div></td><td class=\"c n x705 y19d2 w5fc h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>lientel<span class=\"_ _1\"></span>a</div></td><td></td></tr><tr><td class=\"c n x1a9 y19d3 w5fd h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">Comp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>si<span class=\"_ _1\"></span>zi<span class=\"_ _1\"></span>one/Con<span class=\"_ _1\"></span>tropa<span class=\"_ _1\"></span>rte</div></td><td></td><td class=\"c n x706 y19d3 w5fe h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">d<span class=\"_ _3\"></span>i cui: del Gr<span class=\"_ _3\"></span>uppo</div></td><td></td><td class=\"c n x707 y19d3 w5ff h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">di cui: del G<span class=\"_ _3\"></span>ruppo</div></td><td></td><td class=\"c n x708 y19d3 w600 h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">di cui<span class=\"_ _1\"></span>: del Gru<span class=\"_ _3\"></span>ppo</div></td></tr><tr><td class=\"c n x1a9 y19d5 w601 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1. Debit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> ve<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>so ret<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i ven<span class=\"_ _1\"></span>dita</div></td><td class=\"c n x709 y19d5 w602 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">162<span class=\"_ _0\"></span>.641</div></td><td class=\"t ma x70a hce y19d6 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"wsf\"> </span>-  </td><td class=\"c n x70b y19d5 w603 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">930</div></td><td class=\"c x70c y19d7 w5db h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">-</div><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws0\">-</div></td><td class=\"c n x70d y19d5 w604 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>687</div></td><td class=\"t ma x479 hce y19d6 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"wsf\"> </span>-  </td></tr><tr><td class=\"c n x1a9 y19d8 w605 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> attivit<span class=\"_ _3\"></span>\u00e0 di <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>oc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto OICR</div></td><td class=\"c n x70e y19d8 w606 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">158.9<span class=\"_ _0\"></span>49</div></td><td></td><td class=\"c n x70f y19d8 w603 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">735</div></td><td></td><td class=\"c n x710 y19d8 w607 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.448</div></td><td></td></tr><tr><td class=\"c n x1a9 y19d9 w608 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> attivit<span class=\"_ _3\"></span>\u00e0 di <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>oc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto ge<span class=\"_ _1\"></span>stioni<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>indivi<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ali</div></td><td class=\"c n x711 y19d9 w609 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.33<span class=\"_ _0\"></span>8</div></td><td></td><td></td><td></td><td class=\"c n x712 y19d9 w603 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">227</div></td><td></td></tr><tr><td class=\"c n x1a9 y19da w60a h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.3<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> attivit<span class=\"_ _3\"></span>\u00e0 di <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>oc<span class=\"_ _1\"></span>ame<span class=\"_ _1\"></span>nto fondi<span class=\"_ _1\"></span> pensione</div></td><td class=\"c n x713 y19da w609 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.35<span class=\"_ _0\"></span>4</div></td><td></td><td class=\"c n x714 y19da w60b h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">195</div></td><td></td><td class=\"c n x715 y19da w60c h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">12</div></td><td></td></tr><tr><td class=\"c n x1a9 y19db w60d h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2. Debit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> per<span class=\"_ _1\"></span> atti<span class=\"_ _3\"></span>vit\u00e0 di gesti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>e</div></td><td class=\"c n x716 y19db w60e h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>75</div></td><td class=\"t ma x70a hce y19dc ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td><td class=\"c n x717 y19db w60f h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span>25</div></td><td class=\"c x718 y19dd w5d9 h3a2\"><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19d1 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x719 y19db w610 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>256</div></td><td class=\"t ma x479 hce y19dc ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td></tr><tr><td class=\"c n x1a9 y19de w611 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> gestioni propri<span class=\"_ _1\"></span>e</div></td><td class=\"c n x71a y19de w612 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">71</div></td><td></td><td class=\"c n x71b y19de w613 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span>21</div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19df w614 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2.2<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> gestioni ric<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>vu<span class=\"_ _3\"></span>te in de<span class=\"_ _1\"></span>lega</div></td><td class=\"c n x71c y19df w615 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">80<span class=\"_ _0\"></span>4</div></td><td></td><td class=\"c n x71d y19df w616 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2</div></td><td></td><td class=\"c n x71e y19df w617 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.256</div></td><td></td></tr><tr><td class=\"c n x1a9 y19e0 w618 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2.3<span class=\"_ _0\"></span> per<span class=\"_ _3\"></span> altro</div></td><td></td><td></td><td class=\"c n x71f y19e0 w619 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2</div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19e1 w61a h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">3. Debit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> per<span class=\"_ _1\"></span> altri se<span class=\"_ _1\"></span>rvizi</div></td><td class=\"c n x720 y19e1 w61b h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc3 sc0 ls0 ws0\">0</div></td><td class=\"t ma x70a hce y19e2 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td><td class=\"c n x721 y19e1 w619 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc3 sc0 ls0 ws0\">0</div></td><td class=\"c x718 y19e3 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x722 y19e1 w616 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc3 sc0 ls0 ws0\">0</div></td><td class=\"t ma x479 hce y19e2 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td></tr><tr><td class=\"c n x1a9 y19e4 w61c h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">4. A<span class=\"_ _0\"></span>ltr<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> de<span class=\"_ _3\"></span>biti</div></td><td class=\"c n x723 y19e4 w61d h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>9</div></td><td class=\"t ma x70a hce y19e5 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td><td></td><td class=\"c x718 y19e6 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x724 y19e4 w61e h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">44<span class=\"_ _0\"></span>.900</div></td><td class=\"t ma x479 hce y19e5 ff3 fs49 fc1 sc0 ls0 ws0\"> <span class=\"ws10\"> <span class=\"ws11\">- </span></span> </td></tr><tr><td class=\"t ma x2ed hd0 y19e7 ff2 fs49 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _0\"></span> pro<span class=\"_ _1\"></span>nti con<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>o ter<span class=\"_ _3\"></span>mine</td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19e8 w61f h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">4.2<span class=\"_ _0\"></span> deb<span class=\"_ _3\"></span>iti per le<span class=\"_ _3\"></span>asi<span class=\"_ _0\"></span>ng</div></td><td></td><td></td><td></td><td></td><td class=\"c n x725 y19e8 w620 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>6.0<span class=\"_ _0\"></span>90</div></td><td></td></tr><tr><td class=\"c n x1a9 y19e9 w621 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">4.3<span class=\"_ _0\"></span> alt<span class=\"_ _3\"></span>ri</div></td><td class=\"c n x726 y19e9 w612 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">29</div></td><td></td><td></td><td></td><td class=\"c n x727 y19e9 w622 h347\"><div class=\"t ma x17f hd0 y19d4 ff2 fs49 fc1 sc0 ls0 ws0\">18<span class=\"_ _0\"></span>.810</div></td><td></td></tr><tr><td class=\"c n x1a9 y19ea w623 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">Totale 31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.202<span class=\"_ _0\"></span>4</div></td><td class=\"c n x728 y19ea w624 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">16<span class=\"_ _0\"></span>3.5<span class=\"_ _0\"></span>45</div></td><td class=\"t ma x729 hce y19eb ff3 fs49 fc1 sc0 ls0 ws0\">  -  </td><td class=\"c n x72a y19ea w625 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">2.155</div></td><td class=\"c x718 y19ec w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x72b y19ea w626 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">49.843</div></td><td class=\"c x72c y19ed w2e hd1\"><div class=\"t ma xb7 hce y611 ff3 fs49 fc1 sc0 ls0 ws0\">  -  </div></td></tr><tr><td class=\"c n x1a9 y19ee w623 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">Totale 31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.202<span class=\"_ _0\"></span>3</div></td><td class=\"c n x728 y19ee w624 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">15<span class=\"_ _0\"></span>9.6<span class=\"_ _0\"></span>00</div></td><td class=\"t ma x729 hce y19ef ff3 fs49 fc1 sc0 ls0 ws0\">  -  </td><td class=\"c n x72d y19ee w60b h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">465</div></td><td class=\"c x718 y16d8 w5d9 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws11\">-</div></td><td class=\"c n x72e y19ee w626 h375\"><div class=\"t ma x17f hce y19c0 ff3 fs49 fc1 sc0 ls0 ws0\">23.359</div></td><td class=\"c x72c y19f0 w2e hd1\"><div class=\"t ma xb7 hce y611 ff3 fs49 fc1 sc0 ls0 ws0\">  -  </div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepositsFromBanksExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-513": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 8 \u2013 Altre passivit\u00e0 \u2013 Voce 80<span class=\"_ _4a1\"> </span> 8.1 Composizione delle \u201cAltre passivit\u00e0\u201d <table class=\"s w5e1 h39f\" id=\"_c1a0e875-4a23-449e-95b2-047d35f1e1c6\"><tr><td class=\"c n x1a9 y195a w5e2 h36d\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">Dett<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>o/<span class=\"_ _0\"></span>Valo<span class=\"_ _0\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ee y195a w5e3 h36d\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ef y195a w5e4 h36d\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19c7 w5e5 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> fo<span class=\"_ _1\"></span>rni<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span> p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> fatt<span class=\"_ _1\"></span>ure <span class=\"_ _1\"></span>e fa<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>ure d<span class=\"_ _0\"></span>a ric<span class=\"_ _1\"></span>ev<span class=\"_ _0\"></span>ere<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f0 y19c7 w5e6 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">16.26<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f1 y19c7 w5e7 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">12.<span class=\"_ _0\"></span>515<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19c8 w5e8 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> il<span class=\"_ _3\"></span> pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>so<span class=\"_ _3\"></span>nale <span class=\"_ _1\"></span>ed<span class=\"_ _0\"></span> en<span class=\"_ _3\"></span>ti <span class=\"_ _3\"></span>prev<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>zia<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f2 y19c8 w5e6 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>894<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f3 y19c8 w5e9 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">29.<span class=\"_ _0\"></span>812<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19c9 w5ea h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">Ri<span class=\"_ _1\"></span>tenu<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>impo<span class=\"_ _3\"></span>ste <span class=\"_ _1\"></span>so<span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>itu<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>iv<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>da<span class=\"_ _0\"></span> versar<span class=\"_ _0\"></span>e (Redd<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i OIC<span class=\"_ _0\"></span>R<span class=\"_ _1\"></span>/FP/<span class=\"_ _1\"></span>G<span class=\"_ _3\"></span>P)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f4 y19c9 w5e9 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">29.<span class=\"_ _0\"></span>124<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f5 y19c9 w5e6 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>2.359<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19cb w5eb h3a0\"><div class=\"t m2b x17f hd3 y19ca ff1f fs4a fc1 sc0 ls0 ws0\">Alt<span class=\"_ _1\"></span>re pass<span class=\"_ _3\"></span>ivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _0\"></span><span class=\"_ gs73e\"> </span><span class=\"_ _3\"></span> v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> l<span class=\"_ _3\"></span>'<span class=\"_ _0\"></span>Erar<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span> (Irpe<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Iv<span class=\"_ _0\"></span>a,<span class=\"_ _0\"></span> alt<span class=\"_ _3\"></span>ro)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f6 y19cb w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>311<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f7 y19cb w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>949<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19cc w5ed h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>per i<span class=\"_ _1\"></span>mpo<span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> di bol<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>o Virtu<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f8 y19cc w5ee h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>214<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f9 y19cc w5ee h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>335<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19cd w5ef h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> ex<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>soc<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>per partit<span class=\"_ _3\"></span>e p<span class=\"_ _1\"></span>reg<span class=\"_ _0\"></span>ress<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6fa y19cd w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">8.<span class=\"_ _0\"></span>835<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6fb y19cd w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">8.<span class=\"_ _0\"></span>835<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ce w5f0 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> verso<span class=\"_ _3\"></span> gli<span class=\"_ _1\"></span> Azion<span class=\"_ _3\"></span>ist<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>per d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>idendi<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6fc y19ce w5f1 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19cf w5f2 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Ratei <span class=\"_ _1\"></span>e ris<span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> pass<span class=\"_ _3\"></span>ivi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6fd y19cf w5f3 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">171<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6fe y19cf w5f3 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">122<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19d0 w5f4 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iversi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ff y19d0 w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">2.30<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x700 y19d0 w5f5 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">1.452<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w5f6 h369\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">Tota<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x701 y16d8 w5f7 h369\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">81.11<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x702 y16d8 w5f8 h369\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">89.<span class=\"_ _0\"></span>379<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella <span class=\"_ _0\"></span>voc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>\u201cAltre <span class=\"_ _0\"></span>passivit\u00e0\u201d <span class=\"_ _0\"></span>so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o, <span class=\"_ _0\"></span>tra <span class=\"_ _0\"></span>l\u2019altro, <span class=\"_ _0\"></span>ricomp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esi: <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>debiti <span class=\"_ _0\"></span>verso <span class=\"_ _0\"></span>fornitori, <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>debi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>verso <span class=\"_ _0\"></span>gli Enti <span class=\"_ _1f\"> </span>previdenziali <span class=\"_ _16\"> </span>ed <span class=\"_ _1f\"> </span>il <span class=\"_ _1f\"> </span>personale <span class=\"_ _1f\"> </span>dipendente <span class=\"_ _16\"> </span>(si <span class=\"_ _1f\"> </span>ev<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>denzia <span class=\"_ _1f\"> </span>che <span class=\"_ _16\"> </span>n<span class=\"_ _0\"></span>ell\u2019eser<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>izi<span class=\"_ _1\"></span>o, <span class=\"_ _1f\"> </span>la <span class=\"_ _1f\"> </span>componente <span class=\"_ _16\"> </span>di remunerazione <span class=\"_ _0\"></span>variabile <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>pers<span class=\"_ _1\"></span>onale <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _0\"></span>Euro <span class=\"_ _b\"></span>26,8 <span class=\"_ _0\"></span>milioni <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stata <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tabi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>izza<span class=\"_ _1\"></span>ta <span class=\"_ _0\"></span>nella <span class=\"_ _b\"></span>voce \u201c100. <span class=\"_ _6\"></span>Fondi <span class=\"_ _6\"></span>per <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chi <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>oneri <span class=\"_ _5\"></span>\u2013 <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>) <span class=\"_ _5\"></span>altri <span class=\"_ _6\"></span>fondi <span class=\"_ _6\"></span>per <span class=\"_ _5\"></span>rischi <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>oner<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span>), <span class=\"_ _6\"></span>(iii) <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>debiti <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ite<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ute <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>imposte sostitutive <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>versare<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>all\u2019erario <span class=\"_ _0\"></span>principalme<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>conto <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>prodotti <span class=\"_ _0\"></span>gestiti,<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>(iv) <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>debiti <span class=\"_ _0\"></span>derivant<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>da rapporti d<span class=\"_ _1\"></span>i c<span class=\"_ _1\"></span>onsolidato <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>cale pre<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ressi <span class=\"_ _3\"></span>e da<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li a<span class=\"_ _3\"></span>ccordi sottos<span class=\"_ _3\"></span>cri<span class=\"_ _0\"></span>tti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>la Societ\u00e0 <span class=\"_ _3\"></span>nel di<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>embre <span class=\"_ _1\"></span>del <span class=\"_ _3\"></span>2010 con ex soci, (v) i ratei e i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>risc<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nti passi<span class=\"_ _1\"></span>vi e altri debit<span class=\"_ _1\"></span>i diversi.<span class=\"_ _1\"></span> Il <span class=\"_ _0\"></span>contributo <span class=\"_ _0\"></span>alla v<span class=\"_ _0\"></span>oce <span class=\"_ _0\"></span>deri<span class=\"_ _1\"></span>vante <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>pari <span class=\"_ _b\"></span>a c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>14,1 m<span class=\"_ _0\"></span>il<span class=\"_ _1\"></span>ioni, <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>Vita <span class=\"_ _0\"></span>Srl <span class=\"_ _0\"></span>per un importo pari a cir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a Euro 2,<span class=\"_ _1\"></span>1 milioni.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-489": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 8 \u2013 Altre passivit\u00e0 \u2013 Voce 80<span class=\"_ _4a1\"> </span> 8.1 Composizione delle \u201cAltre passivit\u00e0\u201d <table class=\"s w5e1 h39f\" id=\"_c1a0e875-4a23-449e-95b2-047d35f1e1c6\"><tr><td class=\"c n x1a9 y195a w5e2 h36d\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">Dett<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>o/<span class=\"_ _0\"></span>Valo<span class=\"_ _0\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ee y195a w5e3 h36d\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ef y195a w5e4 h36d\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19c7 w5e5 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> fo<span class=\"_ _1\"></span>rni<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span> p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> fatt<span class=\"_ _1\"></span>ure <span class=\"_ _1\"></span>e fa<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>ure d<span class=\"_ _0\"></span>a ric<span class=\"_ _1\"></span>ev<span class=\"_ _0\"></span>ere<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f0 y19c7 w5e6 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">16.26<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f1 y19c7 w5e7 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">12.<span class=\"_ _0\"></span>515<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19c8 w5e8 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> il<span class=\"_ _3\"></span> pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>so<span class=\"_ _3\"></span>nale <span class=\"_ _1\"></span>ed<span class=\"_ _0\"></span> en<span class=\"_ _3\"></span>ti <span class=\"_ _3\"></span>prev<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>zia<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f2 y19c8 w5e6 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>894<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f3 y19c8 w5e9 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">29.<span class=\"_ _0\"></span>812<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19c9 w5ea h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">Ri<span class=\"_ _1\"></span>tenu<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>impo<span class=\"_ _3\"></span>ste <span class=\"_ _1\"></span>so<span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>itu<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>iv<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>da<span class=\"_ _0\"></span> versar<span class=\"_ _0\"></span>e (Redd<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i OIC<span class=\"_ _0\"></span>R<span class=\"_ _1\"></span>/FP/<span class=\"_ _1\"></span>G<span class=\"_ _3\"></span>P)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f4 y19c9 w5e9 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">29.<span class=\"_ _0\"></span>124<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f5 y19c9 w5e6 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>2.359<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19cb w5eb h3a0\"><div class=\"t m2b x17f hd3 y19ca ff1f fs4a fc1 sc0 ls0 ws0\">Alt<span class=\"_ _1\"></span>re pass<span class=\"_ _3\"></span>ivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _0\"></span><span class=\"_ gs73e\"> </span><span class=\"_ _3\"></span> v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> l<span class=\"_ _3\"></span>'<span class=\"_ _0\"></span>Erar<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span> (Irpe<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Iv<span class=\"_ _0\"></span>a,<span class=\"_ _0\"></span> alt<span class=\"_ _3\"></span>ro)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f6 y19cb w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>311<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f7 y19cb w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>949<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19cc w5ed h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>per i<span class=\"_ _1\"></span>mpo<span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> di bol<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>o Virtu<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f8 y19cc w5ee h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>214<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f9 y19cc w5ee h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>335<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19cd w5ef h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> ex<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>soc<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>per partit<span class=\"_ _3\"></span>e p<span class=\"_ _1\"></span>reg<span class=\"_ _0\"></span>ress<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6fa y19cd w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">8.<span class=\"_ _0\"></span>835<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6fb y19cd w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">8.<span class=\"_ _0\"></span>835<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ce w5f0 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> verso<span class=\"_ _3\"></span> gli<span class=\"_ _1\"></span> Azion<span class=\"_ _3\"></span>ist<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>per d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>idendi<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6fc y19ce w5f1 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19cf w5f2 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Ratei <span class=\"_ _1\"></span>e ris<span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> pass<span class=\"_ _3\"></span>ivi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6fd y19cf w5f3 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">171<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6fe y19cf w5f3 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">122<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19d0 w5f4 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iversi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ff y19d0 w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">2.30<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x700 y19d0 w5f5 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">1.452<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w5f6 h369\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">Tota<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x701 y16d8 w5f7 h369\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">81.11<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x702 y16d8 w5f8 h369\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">89.<span class=\"_ _0\"></span>379<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella <span class=\"_ _0\"></span>voc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>\u201cAltre <span class=\"_ _0\"></span>passivit\u00e0\u201d <span class=\"_ _0\"></span>so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o, <span class=\"_ _0\"></span>tra <span class=\"_ _0\"></span>l\u2019altro, <span class=\"_ _0\"></span>ricomp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esi: <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>debiti <span class=\"_ _0\"></span>verso <span class=\"_ _0\"></span>fornitori, <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>debi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>verso <span class=\"_ _0\"></span>gli Enti <span class=\"_ _1f\"> </span>previdenziali <span class=\"_ _16\"> </span>ed <span class=\"_ _1f\"> </span>il <span class=\"_ _1f\"> </span>personale <span class=\"_ _1f\"> </span>dipendente <span class=\"_ _16\"> </span>(si <span class=\"_ _1f\"> </span>ev<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>denzia <span class=\"_ _1f\"> </span>che <span class=\"_ _16\"> </span>n<span class=\"_ _0\"></span>ell\u2019eser<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>izi<span class=\"_ _1\"></span>o, <span class=\"_ _1f\"> </span>la <span class=\"_ _1f\"> </span>componente <span class=\"_ _16\"> </span>di remunerazione <span class=\"_ _0\"></span>variabile <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>pers<span class=\"_ _1\"></span>onale <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _0\"></span>Euro <span class=\"_ _b\"></span>26,8 <span class=\"_ _0\"></span>milioni <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stata <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tabi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>izza<span class=\"_ _1\"></span>ta <span class=\"_ _0\"></span>nella <span class=\"_ _b\"></span>voce \u201c100. <span class=\"_ _6\"></span>Fondi <span class=\"_ _6\"></span>per <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chi <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>oneri <span class=\"_ _5\"></span>\u2013 <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>) <span class=\"_ _5\"></span>altri <span class=\"_ _6\"></span>fondi <span class=\"_ _6\"></span>per <span class=\"_ _5\"></span>rischi <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>oner<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span>), <span class=\"_ _6\"></span>(iii) <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>debiti <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ite<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ute <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>imposte sostitutive <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>versare<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>all\u2019erario <span class=\"_ _0\"></span>principalme<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>conto <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>prodotti <span class=\"_ _0\"></span>gestiti,<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>(iv) <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>debiti <span class=\"_ _0\"></span>derivant<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>da rapporti d<span class=\"_ _1\"></span>i c<span class=\"_ _1\"></span>onsolidato <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>cale pre<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ressi <span class=\"_ _3\"></span>e da<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li a<span class=\"_ _3\"></span>ccordi sottos<span class=\"_ _3\"></span>cri<span class=\"_ _0\"></span>tti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>la Societ\u00e0 <span class=\"_ _3\"></span>nel di<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>embre <span class=\"_ _1\"></span>del <span class=\"_ _3\"></span>2010 con ex soci, (v) i ratei e i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>risc<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nti passi<span class=\"_ _1\"></span>vi e altri debit<span class=\"_ _1\"></span>i diversi.<span class=\"_ _1\"></span> Il <span class=\"_ _0\"></span>contributo <span class=\"_ _0\"></span>alla v<span class=\"_ _0\"></span>oce <span class=\"_ _0\"></span>deri<span class=\"_ _1\"></span>vante <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>pari <span class=\"_ _b\"></span>a c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>14,1 m<span class=\"_ _0\"></span>il<span class=\"_ _1\"></span>ioni, <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>Vita <span class=\"_ _0\"></span>Srl <span class=\"_ _0\"></span>per un importo pari a cir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a Euro 2,<span class=\"_ _1\"></span>1 milioni.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-35": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 8 \u2013 Altre passivit\u00e0 \u2013 Voce 80<span class=\"_ _4a1\"> </span>8.1 Composizione delle \u201cAltre passivit\u00e0\u201d<table class=\"s w5e1 h39f\" id=\"_c1a0e875-4a23-449e-95b2-047d35f1e1c6\"><tr><td class=\"c n x1a9 y195a w5e2 h36d\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">Dett<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>o/<span class=\"_ _0\"></span>Valo<span class=\"_ _0\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ee y195a w5e3 h36d\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ef y195a w5e4 h36d\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19c7 w5e5 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> fo<span class=\"_ _1\"></span>rni<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span>ri<span class=\"_ _1\"></span> p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> fatt<span class=\"_ _1\"></span>ure <span class=\"_ _1\"></span>e fa<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>ure d<span class=\"_ _0\"></span>a ric<span class=\"_ _1\"></span>ev<span class=\"_ _0\"></span>ere<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f0 y19c7 w5e6 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">16.26<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f1 y19c7 w5e7 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">12.<span class=\"_ _0\"></span>515<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19c8 w5e8 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> il<span class=\"_ _3\"></span> pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>so<span class=\"_ _3\"></span>nale <span class=\"_ _1\"></span>ed<span class=\"_ _0\"></span> en<span class=\"_ _3\"></span>ti <span class=\"_ _3\"></span>prev<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>zia<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f2 y19c8 w5e6 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>894<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f3 y19c8 w5e9 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">29.<span class=\"_ _0\"></span>812<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19c9 w5ea h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">Ri<span class=\"_ _1\"></span>tenu<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>impo<span class=\"_ _3\"></span>ste <span class=\"_ _1\"></span>so<span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>itu<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>iv<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>da<span class=\"_ _0\"></span> versar<span class=\"_ _0\"></span>e (Redd<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>i OIC<span class=\"_ _0\"></span>R<span class=\"_ _1\"></span>/FP/<span class=\"_ _1\"></span>G<span class=\"_ _3\"></span>P)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f4 y19c9 w5e9 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">29.<span class=\"_ _0\"></span>124<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f5 y19c9 w5e6 h383\"><div class=\"t m2b x17f hd3 y19c6 ff2 fs4a fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>2.359<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19cb w5eb h3a0\"><div class=\"t m2b x17f hd3 y19ca ff1f fs4a fc1 sc0 ls0 ws0\">Alt<span class=\"_ _1\"></span>re pass<span class=\"_ _3\"></span>ivit<span class=\"_ _1\"></span>\u00e0<span class=\"_ _0\"></span><span class=\"_ gs73e\"> </span><span class=\"_ _3\"></span> v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> l<span class=\"_ _3\"></span>'<span class=\"_ _0\"></span>Erar<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span> (Irpe<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Iv<span class=\"_ _0\"></span>a,<span class=\"_ _0\"></span> alt<span class=\"_ _3\"></span>ro)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f6 y19cb w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>311<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f7 y19cb w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>949<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19cc w5ed h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>per i<span class=\"_ _1\"></span>mpo<span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> di bol<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>o Virtu<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f8 y19cc w5ee h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>214<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6f9 y19cc w5ee h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>335<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19cd w5ef h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>erso<span class=\"_ _3\"></span> ex<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>soc<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>per partit<span class=\"_ _3\"></span>e p<span class=\"_ _1\"></span>reg<span class=\"_ _0\"></span>ress<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6fa y19cd w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">8.<span class=\"_ _0\"></span>835<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6fb y19cd w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">8.<span class=\"_ _0\"></span>835<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19ce w5f0 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>to<span class=\"_ _1\"></span> verso<span class=\"_ _3\"></span> gli<span class=\"_ _1\"></span> Azion<span class=\"_ _3\"></span>ist<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>per d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>idendi<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x6fc y19ce w5f1 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19cf w5f2 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Ratei <span class=\"_ _1\"></span>e ris<span class=\"_ _3\"></span>con<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> pass<span class=\"_ _3\"></span>ivi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6fd y19cf w5f3 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">171<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6fe y19cf w5f3 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">122<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19d0 w5f4 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">Deb<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iversi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x6ff y19d0 w5ec h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">2.30<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x700 y19d0 w5f5 h37c\"><div class=\"t m2b x17f hd3 y19ca ff2 fs4a fc1 sc0 ls0 ws0\">1.452<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w5f6 h369\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">Tota<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x701 y16d8 w5f7 h369\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">81.11<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x702 y16d8 w5f8 h369\"><div class=\"t m2b x17f hd2 y18e7 ff3 fs4a fc1 sc0 ls0 ws0\">89.<span class=\"_ _0\"></span>379<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella <span class=\"_ _0\"></span>voc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>\u201cAltre <span class=\"_ _0\"></span>passivit\u00e0\u201d <span class=\"_ _0\"></span>so<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o, <span class=\"_ _0\"></span>tra <span class=\"_ _0\"></span>l\u2019altro, <span class=\"_ _0\"></span>ricomp<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esi: <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>debiti <span class=\"_ _0\"></span>verso <span class=\"_ _0\"></span>fornitori, <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>debi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>verso <span class=\"_ _0\"></span>gli Enti <span class=\"_ _1f\"> </span>previdenziali <span class=\"_ _16\"> </span>ed <span class=\"_ _1f\"> </span>il <span class=\"_ _1f\"> </span>personale <span class=\"_ _1f\"> </span>dipendente <span class=\"_ _16\"> </span>(si <span class=\"_ _1f\"> </span>ev<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>denzia <span class=\"_ _1f\"> </span>che <span class=\"_ _16\"> </span>n<span class=\"_ _0\"></span>ell\u2019eser<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>izi<span class=\"_ _1\"></span>o, <span class=\"_ _1f\"> </span>la <span class=\"_ _1f\"> </span>componente <span class=\"_ _16\"> </span>di remunerazione <span class=\"_ _0\"></span>variabile <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>pers<span class=\"_ _1\"></span>onale <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _0\"></span>Euro <span class=\"_ _b\"></span>26,8 <span class=\"_ _0\"></span>milioni <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>stata <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>tabi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>izza<span class=\"_ _1\"></span>ta <span class=\"_ _0\"></span>nella <span class=\"_ _b\"></span>voce \u201c100. <span class=\"_ _6\"></span>Fondi <span class=\"_ _6\"></span>per <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chi <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>oneri <span class=\"_ _5\"></span>\u2013 <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>) <span class=\"_ _5\"></span>altri <span class=\"_ _6\"></span>fondi <span class=\"_ _6\"></span>per <span class=\"_ _5\"></span>rischi <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>oner<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span>), <span class=\"_ _6\"></span>(iii) <span class=\"_ _6\"></span>i <span class=\"_ _5\"></span>debiti <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ite<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ute <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>imposte sostitutive <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>versare<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>all\u2019erario <span class=\"_ _0\"></span>principalme<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>conto <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>prodotti <span class=\"_ _0\"></span>gestiti,<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>(iv) <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>debiti <span class=\"_ _0\"></span>derivant<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>da rapporti d<span class=\"_ _1\"></span>i c<span class=\"_ _1\"></span>onsolidato <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>cale pre<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ressi <span class=\"_ _3\"></span>e da<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li a<span class=\"_ _3\"></span>ccordi sottos<span class=\"_ _3\"></span>cri<span class=\"_ _0\"></span>tti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>la Societ\u00e0 <span class=\"_ _3\"></span>nel di<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>embre <span class=\"_ _1\"></span>del <span class=\"_ _3\"></span>2010 con ex soci, (v) i ratei e i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>risc<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nti passi<span class=\"_ _1\"></span>vi e altri debit<span class=\"_ _1\"></span>i diversi.<span class=\"_ _1\"></span> Il <span class=\"_ _0\"></span>contributo <span class=\"_ _0\"></span>alla v<span class=\"_ _0\"></span>oce <span class=\"_ _0\"></span>deri<span class=\"_ _1\"></span>vante <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>pari <span class=\"_ _b\"></span>a c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>14,1 m<span class=\"_ _0\"></span>il<span class=\"_ _1\"></span>ioni, <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>Vita <span class=\"_ _0\"></span>Srl <span class=\"_ _0\"></span>per un importo pari a cir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a Euro 2,<span class=\"_ _1\"></span>1 milioni.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-36": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 9 \u2013 Tratta<span class=\"_ _1\"></span>mento d<span class=\"_ _0\"></span>i fine rappo<span class=\"_ _1\"></span>rto de<span class=\"_ _0\"></span>l per<span class=\"_ _1\"></span>sonale \u2013 Voce 90 9.1 Trattamento di fine rapporto del <span class=\"_ _0\"></span>personale: va<span class=\"_ _1\"></span>riazioni annue<span class=\"_ _1\"></span> <table class=\"s w627 h3a3\" id=\"_8b7bf044-0602-478d-9115-dcc231999bc7\"><tr><td></td><td class=\"c n x72f y19f1 w628 h368\"><div class=\"t m10 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12<span class=\"_ _0\"></span>.202<span class=\"_ _0\"></span>4</div></td><td class=\"c n x730 y19f1 w629 h368\"><div class=\"t m10 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>31<span class=\"_ _0\"></span>.12.<span class=\"_ _0\"></span>2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19f2 w62a h368\"><div class=\"t m10 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">A. Esistenze i<span class=\"_ _0\"></span>nizi<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x731 y19f2 w62b h368\"><div class=\"t m10 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">2.82<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x732 y19f2 w62c h368\"><div class=\"t m10 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>820<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19f3 w62d h368\"><div class=\"t m10 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">B. Aumenti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x733 y19f3 w62e h368\"><div class=\"t m10 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">5.160<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x734 y19f3 w62f h368\"><div class=\"t m10 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span>79<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1819 w630 h36c\"><div class=\"t m10 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">B.<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>cca<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ton<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>men<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> dell'es<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rcizi<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x735 y1819 w631 h36c\"><div class=\"t m10 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">65<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x736 y1819 w632 h36c\"><div class=\"t m10 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y181a w633 h36d\"><div class=\"t m10 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">B.<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e varia<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni<span class=\"_ _3\"></span> i<span class=\"_ _1\"></span>n <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x737 y181a w634 h36d\"><div class=\"t m10 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>504<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x738 y181a w632 h36d\"><div class=\"t m10 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">89<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19f4 w635 h368\"><div class=\"t m10 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">C. <span class=\"_ _1\"></span>D<span class=\"_ _0\"></span>imin<span class=\"_ _0\"></span>uzi<span class=\"_ _0\"></span>oni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x739 y19f4 w62f h368\"><div class=\"t m10 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">1.3<span class=\"_ _0\"></span>51<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x73a y19f4 w636 h368\"><div class=\"t m10 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>74<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19f5 w637 h36d\"><div class=\"t m10 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span> Li<span class=\"_ _1\"></span>q<span class=\"_ _0\"></span>ui<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>azion<span class=\"_ _3\"></span>i e<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>ett<span class=\"_ _1\"></span>u<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x73b y19f5 w638 h36d\"><div class=\"t m10 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">992<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x73c y19f5 w636 h36d\"><div class=\"t m10 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">17<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19f6 w639 h36d\"><div class=\"t m10 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span> Altr<span class=\"_ _1\"></span>e va<span class=\"_ _0\"></span>riazio<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>i in<span class=\"_ _3\"></span> dimin<span class=\"_ _3\"></span>uzi<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x73d y19f6 w638 h36d\"><div class=\"t m10 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">359<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w63a h368\"><div class=\"t m10 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>. <span class=\"_ _1\"></span>Riman<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>nze<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x73e y16d8 w63b h368\"><div class=\"t m10 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">6.6<span class=\"_ _0\"></span>34<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x73f y16d8 w63c h368\"><div class=\"t m10 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>825<span class=\"_ _4a1\"> </span></div></td></tr></table>9.2 Altr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>info<span class=\"_ _1\"></span>rmazioni Si <span class=\"_ _1\"></span>ripor<span class=\"_ _0\"></span>tan<span class=\"_ _1\"></span>o nella <span class=\"_ _3\"></span>tabella che se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ue <span class=\"_ _1\"></span>le pri<span class=\"_ _1\"></span>ncipali ip<span class=\"_ _1\"></span>otesi <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tilizzate <span class=\"_ _3\"></span>nel<span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>taz<span class=\"_ _1\"></span>ione at<span class=\"_ _1\"></span>tuariale del <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndo TFR: <table class=\"s w63d h3a4\" id=\"_79fef586-9323-4ceb-8e73-9b9488e5f114\"><tr><td class=\"c n x1a9 y19f8 w63e h368\"><div class=\"t m2c x17f hd7 y19f7 ff3 fs4c fc1 sc0 ls0 ws0\">Ass<span class=\"_ _3\"></span>un<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> base<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x740 y19f8 w63f h368\"><div class=\"t m2c x17f hd7 y19f7 ff3 fs4c fc1 sc0 ls0 ws0\">20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x741 y19f8 w640 h368\"><div class=\"t m2c x17f hd7 y19f7 ff3 fs4c fc1 sc0 ls0 ws0\">202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19fa w641 h369\"><div class=\"t m2c x17f hd8 y19f9 ff2 fs4c fc1 sc0 ls0 ws0\">Ta<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>so<span class=\"_ _3\"></span> di Tu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>over<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x742 y19fa w642 h369\"><div class=\"t m2c x17f hd8 y19f9 ff2 fs4c fc1 sc0 ls0 ws0\">3,00<span class=\"_ _0\"></span>%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x743 y19fa w643 h369\"><div class=\"t m2c x17f hd8 y19f9 ff2 fs4c fc1 sc0 ls0 ws0\">3,0<span class=\"_ _0\"></span>0%<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19fc w644 h36d\"><div class=\"t m2c x17f hd8 y19fb ff2 fs4c fc1 sc0 ls0 ws0\">Ta<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>so<span class=\"_ _3\"></span> di anti<span class=\"_ _3\"></span>cip<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x744 y19fc w645 h36d\"><div class=\"t m2c x17f hd8 y19fb ff2 fs4c fc1 sc0 ls0 ws0\">1,<span class=\"_ _0\"></span>00%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x745 y19fc w646 h36d\"><div class=\"t m2c x17f hd8 y19fb ff2 fs4c fc1 sc0 ls0 ws0\">1,<span class=\"_ _0\"></span>00%<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y192f w647 h37b\"><div class=\"t m2c x17f hd8 y19fb ff2 fs4c fc1 sc0 ls0 ws0\">Ta<span class=\"_ _0\"></span>vol<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i mo<span class=\"_ _3\"></span>rtali<span class=\"_ _1\"></span>t\u00e0 (dive<span class=\"_ _0\"></span>rs<span class=\"_ _1\"></span>ificat<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>per s<span class=\"_ _3\"></span>ess<span class=\"_ _1\"></span>o)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x746 y192f w648 h37b\"><div class=\"t m2c x17f hd8 y19fb ff2 fs4c fc1 sc0 ls0 ws0\">ISTAT 202<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x747 y192f w649 h37b\"><div class=\"t m2c x17f hd8 y19fb ff2 fs4c fc1 sc0 ls0 ws0\">I<span class=\"_ _1\"></span>STA<span class=\"_ _0\"></span>T <span class=\"_ _1\"></span>202<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19fd w64a h37b\"><div class=\"t m2c x17f hd8 y19fb ff2 fs4c fc1 sc0 ls0 ws0\">Ta<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>so<span class=\"_ _3\"></span> d'<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nf<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ne<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x748 y19fd w643 h37b\"><div class=\"t m2c x17f hd8 y19fb ff2 fs4c fc1 sc0 ls0 ws0\">1,<span class=\"_ _0\"></span>90%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x749 y19fd w646 h37b\"><div class=\"t m2c x17f hd8 y19fb ff2 fs4c fc1 sc0 ls0 ws0\">2,<span class=\"_ _0\"></span>10%<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19fe w64b h37b\"><div class=\"t m2c x17f hd8 y19fb ff2 fs4c fc1 sc0 ls0 ws0\">Ta<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>so<span class=\"_ _3\"></span> di s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x74a y19fe w643 h37b\"><div class=\"t m2c x17f hd8 y19fb ff2 fs4c fc1 sc0 ls0 ws0\">3,<span class=\"_ _0\"></span>20%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x74b y19fe w646 h37b\"><div class=\"t m2c x17f hd8 y19fb ff2 fs4c fc1 sc0 ls0 ws0\">3,<span class=\"_ _0\"></span>20%<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w64c h37b\"><div class=\"t m2c x17f hd8 y19fb ff2 fs4c fc1 sc0 ls0 ws0\">V<span class=\"_ _0\"></span>alo<span class=\"_ _3\"></span>re<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l'o<span class=\"_ _1\"></span>b<span class=\"_ _0\"></span>bligaz<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x74c y16d8 w64d h37b\"><div class=\"t m2c x17f hd8 y19fb ff2 fs4c fc1 sc0 ls0 ws0\">6.<span class=\"_ _0\"></span>634<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x74d y16d8 w64e h37b\"><div class=\"t m2c x17f hd8 y19fb ff2 fs4c fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>825<span class=\"_ _4a1\"> </span></div></td></tr></table>Si <span class=\"_ _6\"></span>seg<span class=\"_ _0\"></span>nala <span class=\"_ _6\"></span>che <span class=\"_ _f\"> </span>per <span class=\"_ _6\"></span>la <span class=\"_ _f\"> </span>determi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>tasso <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>\u2019i<span class=\"_ _1\"></span>nf<span class=\"_ _0\"></span>lazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>stato <span class=\"_ _6\"></span>preso <span class=\"_ _f\"></span>c<span class=\"_ _1\"></span>ome <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>iferi<span class=\"_ _1\"></span>mento <span class=\"_ _6\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>tasso indicato <span class=\"_ _0\"></span>dalla <span class=\"_ _0\"></span>Banca <span class=\"_ _0\"></span>Centrale Euro<span class=\"_ _0\"></span>pea<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sul <span class=\"_ _0\"></span>medio <span class=\"_ _0\"></span>termine <span class=\"_ _0\"></span>(<span class=\"_ _1\"></span>con <span class=\"_ _0\"></span>specifica <span class=\"_ _0\"></span>rettifica c<span class=\"_ _0\"></span>orrelat<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>nostra nazione), <span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>per il <span class=\"_ _3\"></span>tasso d<span class=\"_ _3\"></span>i sconto <span class=\"_ _3\"></span>il paramet<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>di riferimento<span class=\"_ _1\"></span> \u00e8 <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>\u201cCorpor<span class=\"_ _0\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>Bond AA\u201d <span class=\"_ _3\"></span>al 3<span class=\"_ _1\"></span>1 dicembre 2024.<span class=\"_ _3\"></span> Infine, nelle successive tabelle s<span class=\"_ _1\"></span>i riporta l\u2019analisi di s<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>sitivit\u00e0 e le informazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni a<span class=\"_ _1\"></span>ggiuntive previ<span class=\"_ _0\"></span>ste <span class=\"_ _3\"></span>dal principio IAS 19: <table class=\"s w655 h3a6\" id=\"_84202565-6f87-450b-b113-e39992e3d197\"><tr><td class=\"c n x1a9 y1a03 w656 h3a7\"><div class=\"t m1b x17f hd9 y1a02 ff3 fs4d fc1 sc0 ls0 ws0\">Anal<span class=\"_ _0\"></span>isi di<span class=\"_ _0\"></span> s<span class=\"_ _3\"></span>ensi<span class=\"_ _0\"></span>vit\u00e0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x751 y1a03 w657 h3a7\"><div class=\"t m1b x17f hd9 y1a02 ff3 fs4d fc1 sc0 ls0 ws0\">Variaz<span class=\"_ _0\"></span>ione % del t<span class=\"_ _0\"></span>as<span class=\"_ _1\"></span>so base</div></td><td class=\"t m1b x4a2 hd9 y1a04 ff3 fs4d fc1 sc0 ls0 ws0\">Valor<span class=\"_ _0\"></span>e dell'ob<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>gazione<span class=\"_ _4a1\"> </span></td><td class=\"t m1b x752 hd9 y1a05 ff3 fs4d fc1 sc0 ls0 ws0\">Variazione % del tasso base<span class=\"ff25\">    </span></td><td class=\"t m1b x753 hd9 y1a06 ff3 fs4d fc1 sc0 ls0 ws0\">Valore dell'obbligazione<span class=\"ff25\">     </span></td><td class=\"t m1b x754 hd9 y1a05 ff3 fs4d fc1 sc0 ls0 ws0\">Variazi<span class=\"_ _0\"></span>one del val<span class=\"_ _0\"></span>ore </td></tr><tr><td></td><td class=\"t m1b x755 hd9 y1a07 ff3 fs4d fc1 sc0 ls0 ws0\">(Anima H<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ng, Anima SGR, </td><td class=\"t m1b x756 hd9 y1a07 ff3 fs4d fc1 sc0 ls0 ws0\">(Anima Ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng, Anima SGR, </td><td class=\"t m1b x757 hd9 y1a08 ff3 fs4d fc1 sc0 ls0 ws0\">(Kairos)<span class=\"ff25\">     </span></td><td class=\"t m1b x2f7 hd9 y1a09 ff3 fs4d fc1 sc0 ls0 ws0\">(Kairos)<span class=\"_ _4a1\"> </span></td><td class=\"t m1b x758 hd9 y1a08 ff3 fs4d fc1 sc0 ls0 ws0\">dell'<span class=\"_ _0\"></span>obbl<span class=\"_ _0\"></span>igazion<span class=\"_ _0\"></span>e total<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></td></tr><tr><td></td><td class=\"t m1b x759 hd9 y1a0a ff3 fs4d fc1 sc0 ls0 ws0\">Anima Alte<span class=\"_ _0\"></span>rnativ<span class=\"_ _0\"></span>e, Cas<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ello SGR)<span class=\"_ _4a1\"> </span></td><td class=\"t m1b x75a hd9 y1a0a ff3 fs4d fc1 sc0 ls0 ws0\">Anima Alter<span class=\"_ _0\"></span>native<span class=\"_ _0\"></span>, Cas<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ello SGR)<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a0c w658 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">Tasso di s<span class=\"_ _3\"></span>conto<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x75b y1a0c w659 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">0<span class=\"_ _0\"></span>,50%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x75c y1a0c w65a h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>898<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x75d y1a0c w659 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">0<span class=\"_ _0\"></span>,25%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x75e y1a0c w65a h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>570<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x75f y1a0c w65b h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">(167)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a0d w658 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">Tasso di s<span class=\"_ _3\"></span>conto<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x760 y1a0d w65c h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">-0,5<span class=\"_ _0\"></span>0%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x761 y1a0d w65a h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>103<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x762 y1a0d w65d h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">-0,2<span class=\"_ _0\"></span>5%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x763 y1a0d w65e h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">3.703<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x764 y1a0d w65f h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">172<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a0e w660 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">Tasso d'in<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>azione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x765 y1a0e w659 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">0,<span class=\"_ _0\"></span>50%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x766 y1a0e w661 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">3.062<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x767 y1a0e w659 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">0<span class=\"_ _0\"></span>,25%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x768 y1a0e w65a h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>686<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x769 y1a0e w65f h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">114<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a0f w660 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">Tasso d'in<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>azione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x76a y1a0f w65d h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">-0,5<span class=\"_ _0\"></span>0%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x76b y1a0f w65a h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>934<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x76c y1a0f w662 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">-0,2<span class=\"_ _0\"></span>5%<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x76d y1a0f w661 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">3.587<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x76e y1a0f w65b h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">(113)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a10 w663 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">Tav<span class=\"_ _0\"></span>ol<span class=\"_ _3\"></span>a d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>mortali<span class=\"_ _1\"></span>t\u00e0 (d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ersi<span class=\"_ _1\"></span>ficata per s<span class=\"_ _1\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>so)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x76f y1a10 w664 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">+ 1 an<span class=\"_ _1\"></span>no<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x770 y1a10 w65a h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>997<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x771 y1a10 w665 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">+ 1 ann<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x772 y1a10 w65e h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">3.635<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x773 y1a10 w666 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">(2)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w663 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">Tav<span class=\"_ _0\"></span>ol<span class=\"_ _3\"></span>a d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>mortali<span class=\"_ _1\"></span>t\u00e0 (d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ersi<span class=\"_ _1\"></span>ficata per s<span class=\"_ _1\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>so)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x774 y16d8 w667 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">- 1 ann<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x775 y16d8 w65a h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>997<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x776 y16d8 w668 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">- 1 an<span class=\"_ _1\"></span>no<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x777 y16d8 w65a h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span>635<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x778 y16d8 w666 h364\"><div class=\"t m1b x17f hda y1a0b ff2 fs4d fc1 sc0 ls0 ws0\">(2)<span class=\"_ _4a1\"> </span></div></td></tr></table>Ero<span class=\"_ _3\"></span>ga<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>ni previste nei pro<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>simi a<span class=\"_ _3\"></span>nni<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n ba<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>e al<span class=\"_ _1\"></span>le assunz<span class=\"_ _3\"></span>io<span class=\"_ _1\"></span>ni<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>attua<span class=\"_ _3\"></span>ria<span class=\"_ _3\"></span>li<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sott<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>st<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>ti la stima<span class=\"_ _3\"></span> del v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lor<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> dell<span class=\"_ _3\"></span>'<span class=\"_ _0\"></span>ob<span class=\"_ _3\"></span>bli<span class=\"_ _3\"></span>ga<span class=\"_ _3\"></span>zio<span class=\"_ _3\"></span>ne<span class=\"_ _4a1\"> </span><table class=\"s w64f h3a5\" id=\"_66bdc6d9-d2e7-4fe3-bc25-fb08817c7690\"><tr><td class=\"c n x1a9 y19ff w650 h33a\"><div class=\"t m2e x17f hdc y16c6 ff2 fs4f fc1 sc0 ls0 ws0\">31 dicemb<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>20<span class=\"_ _0\"></span>25<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x74e y19ff w651 h33a\"><div class=\"t m2e x17f hdc y16c6 ff2 fs4f fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>092<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1829 w650 h33a\"><div class=\"t m2e x17f hdc y16c6 ff2 fs4f fc1 sc0 ls0 ws0\">31 dicemb<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>20<span class=\"_ _0\"></span>26<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x74f y1829 w652 h33a\"><div class=\"t m2e x17f hdc y16c6 ff2 fs4f fc1 sc0 ls0 ws0\">703<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a00 w650 h33a\"><div class=\"t m2e x17f hdc y16c6 ff2 fs4f fc1 sc0 ls0 ws0\">31 dicemb<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>20<span class=\"_ _0\"></span>27<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x74f y1a00 w652 h33a\"><div class=\"t m2e x17f hdc y16c6 ff2 fs4f fc1 sc0 ls0 ws0\">348<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a01 w650 h33a\"><div class=\"t m2e x17f hdc y16c6 ff2 fs4f fc1 sc0 ls0 ws0\">31 dicemb<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>20<span class=\"_ _0\"></span>28<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x74f y1a01 w652 h33a\"><div class=\"t m2e x17f hdc y16c6 ff2 fs4f fc1 sc0 ls0 ws0\">350<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y182d w650 h33a\"><div class=\"t m2e x17f hdc y16c6 ff2 fs4f fc1 sc0 ls0 ws0\">31 dicemb<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>20<span class=\"_ _0\"></span>29<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x74f y182d w652 h33a\"><div class=\"t m2e x17f hdc y16c6 ff2 fs4f fc1 sc0 ls0 ws0\">371<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w653 h33a\"><div class=\"t m2e x17f hdc y16c6 ff2 fs4f fc1 sc0 ls0 ws0\">1 genn<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span> 2030<span class=\"_ _0\"></span>-31 d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>cemb<span class=\"_ _0\"></span>re 2034<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x750 y16d8 w654 h33a\"><div class=\"t m2e x17f hdc y16c6 ff2 fs4f fc1 sc0 ls0 ws0\">1.5<span class=\"_ _0\"></span>91<span class=\"_ _4a1\"> </span></div></td></tr></table>Si <span class=\"_ _b\"></span>segnala <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>la <span class=\"_ _b\"></span>stima <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>elle <span class=\"_ _0\"></span>erogazioni <span class=\"_ _b\"></span>previste <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>gli <span class=\"_ _b\"></span>anni <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>vanno <span class=\"_ _0\"></span>dal <span class=\"_ _b\"></span>2030 <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>2034 <span class=\"_ _b\"></span>riportata <span class=\"_ _b\"></span>in tabella e paria circa E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ro 1,6 <span class=\"_ _1\"></span>milioni non incl<span class=\"_ _1\"></span>ude il dato di Kairos SGR, <span class=\"_ _1\"></span>in quanto no<span class=\"_ _1\"></span>n disponibile.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-462": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs749\">Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 10 \u2013 Fondi per rischi e oneri \u2013 Voce 100<span class=\"_ _1\"></span> </div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs74a\">10.1 \u201cFondi per risch<span class=\"_ _0\"></span>i e oneri\u201d: composiz<span class=\"_ _1\"></span>ione<span class=\"_ _4a1\"> </span></div><div class=\"gs547\"><table class=\"s w669 h3a8\" id=\"_a6a081ff-2d28-46e0-b143-3f3f9524de74\"><tr><td class=\"c n x1a9 y1a11 w66a h368\"><div class=\"t m2f x17f hde y17bf ff3 fs50 fc1 sc0 ls0 ws0\">Voci<span class=\"_ _0\"></span>/Va<span class=\"_ _0\"></span>lor<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x779 y1a11 w66b h368\"><div class=\"t m2f x17f hde y17bf ff3 fs50 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77a y1a11 w66c h368\"><div class=\"t m2f x17f hde y17bf ff3 fs50 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le <span class=\"_ _1\"></span>31.<span class=\"_ _0\"></span>12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a12 w66d h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> Fo<span class=\"_ _1\"></span>ndi <span class=\"_ _3\"></span>su <span class=\"_ _1\"></span>imp<span class=\"_ _3\"></span>eg<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>anzie<span class=\"_ _1\"></span> ril<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ciate<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77b y1a12 w66e h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77c y1a12 w66f h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">34<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m2f x1fd hdf y1a13 ff2 fs50 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> Fo<span class=\"_ _1\"></span>ndi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i qui<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ce<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>za<span class=\"_ _0\"></span> az<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>end<span class=\"_ _0\"></span>ali<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a14 w670 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> Alt<span class=\"_ _1\"></span>ri fo<span class=\"_ _3\"></span>ndi <span class=\"_ _1\"></span>per ris<span class=\"_ _3\"></span>chi<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>ed<span class=\"_ _0\"></span> o<span class=\"_ _3\"></span>neri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77d y1a14 w671 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>7.6<span class=\"_ _0\"></span>67<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77e y1a14 w672 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>248<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x77f y1a15 w673 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.1 con<span class=\"_ _1\"></span>tro<span class=\"_ _3\"></span>ve<span class=\"_ _0\"></span>rsi<span class=\"_ _3\"></span>e lega<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i e fis<span class=\"_ _3\"></span>ca<span class=\"_ _0\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x780 y1a15 w674 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">53<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x781 y1a15 w675 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">937<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x77f y1a16 w676 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.2 on<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>per i<span class=\"_ _3\"></span>l p<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rso<span class=\"_ _3\"></span>nal<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x782 y1a16 w671 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">27<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x783 y1a16 w677 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>11</div></td></tr><tr><td class=\"t m2f x1fd hdf y1a17 ff2 fs50 fc1 sc0 ls0 ws0\">  <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>.3 a<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>tri<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x784 y16d8 w678 h368\"><div class=\"t m2f x17f hde y18e7 ff3 fs50 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x785 y16d8 w679 h368\"><div class=\"t m2f x17f hde y18e7 ff3 fs50 fc1 sc0 ls0 ws0\">27.6<span class=\"_ _0\"></span>91<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x786 y16d8 w67a h368\"><div class=\"t m2f x17f hde y18e7 ff3 fs50 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.282<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs74d\">La voce <span class=\"_ _3\"></span>\u201c100 - <span class=\"_ _3\"></span>Fondi p<span class=\"_ _1\"></span>er <span class=\"_ _3\"></span>rischi e <span class=\"_ _3\"></span>oneri\u201d p<span class=\"_ _1\"></span>resenta <span class=\"_ _3\"></span>un <span class=\"_ _1\"></span>saldo par<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a circa <span class=\"_ _3\"></span>Euro 2<span class=\"_ _1\"></span>7,7 mi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ioni <span class=\"_ _3\"></span>(Euro 1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>milion<span class=\"_ _1\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs74e\">al 31 dicembre 202<span class=\"_ _1\"></span>4). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs74f\">L\u2019aumento <span class=\"_ _b\"></span>della <span class=\"_ _5\"></span>voce <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>dovuto <span class=\"_ _b\"></span>principalmente <span class=\"_ _b\"></span>all\u2019accantoname<span class=\"_ _1\"></span>nto <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>componente <span class=\"_ _b\"></span>variabile <span class=\"_ _b\"></span>della </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs750\">remunerazione <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>pers<span class=\"_ _1\"></span>onale <span class=\"_ _0\"></span>dipende<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>degli <span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>mm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nistratori <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Gruppo<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>rilevata <span class=\"_ _0\"></span>nella <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ottovoce </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs751\">\u201c3.2 <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>personale\u201d <span class=\"_ _8\"></span>per <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mpo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cir<span class=\"_ _1\"></span>ca <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>27,1 <span class=\"_ _8\"></span>mi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ioni <span class=\"_ _3\"></span>(in <span class=\"_ _3\"></span>contropartita <span class=\"_ _8\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _8\"></span>voce <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>conto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs752\">economico \u201c<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>0 - <span class=\"_ _3\"></span>Spese am<span class=\"_ _3\"></span>ministrative b<span class=\"_ _3\"></span>) spese <span class=\"_ _1\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>personale\u201d). Al <span class=\"_ _3\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _3\"></span>2023, tale<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sto <span class=\"_ _3\"></span>era </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs753\">stato rilevato nel<span class=\"_ _1\"></span>la voce pat<span class=\"_ _1\"></span>rimoniale \u201c80. Altre pa<span class=\"_ _1\"></span>ssivit\u00e0\u201d. La <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ve<span class=\"_ _1\"></span>rsa contabilizz<span class=\"_ _1\"></span>azione si <span class=\"_ _1\"></span>origina dalla </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs754\">circostanza <span class=\"_ _1c\"> </span>che, <span class=\"_ _21\"> </span>alla <span class=\"_ _1c\"> </span>data <span class=\"_ _1c\"> </span>di <span class=\"_ _1c\"> </span>red<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _21\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_ _1c\"> </span>presente <span class=\"_ _21\"> </span>Bilan<span class=\"_ _1\"></span>cio <span class=\"_ _1c\"> </span>conso<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>dato<span class=\"_ _1\"></span>, <span class=\"_ _21\"> </span>l\u2019impo<span class=\"_ _1\"></span>rto <span class=\"_ _1c\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs755\">remunerazione <span class=\"_ _18\"> </span>variabile, <span class=\"_ _18\"> </span>sebbene <span class=\"_ _18\"> </span>approvato <span class=\"_ _17\"> </span>con<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>u<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>icazione <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>m<span class=\"_ _0\"></span>assi<span class=\"_ _3\"></span>ma, <span class=\"_ _18\"> </span>n<span class=\"_ _0\"></span>on <span class=\"_ _18\"> </span>pu\u00f2 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs756\">considerarsi definitiv<span class=\"_ _1\"></span>o in quanto pote<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>zialme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te o<span class=\"_ _1\"></span>ggetto di suc<span class=\"_ _1\"></span>cessivi affinamenti.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs757\">Pertanto, <span class=\"_ _1\"></span>in linea <span class=\"_ _3\"></span>con qua<span class=\"_ _1\"></span>nto pre<span class=\"_ _1\"></span>visto dai <span class=\"_ _3\"></span>principi <span class=\"_ _3\"></span>contabili, \u00e8 <span class=\"_ _1\"></span>stata <span class=\"_ _3\"></span>effettuata la <span class=\"_ _3\"></span>miglior stima<span class=\"_ _1\"></span> del <span class=\"_ _3\"></span>costo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs758\">rilevando un accant<span class=\"_ _1\"></span>onamento a \u201cFond<span class=\"_ _1\"></span>o rischi \u2013 altri<span class=\"_ _1\"></span> fondi per rischi e one<span class=\"_ _1\"></span>ri\u201d e iscrive<span class=\"_ _1\"></span>ndo le necessarie </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs759\">imposte anticipate s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>l valo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e accantonato,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>come i<span class=\"_ _1\"></span>n precedenza illustrat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs75a\">Per i<span class=\"_ _3\"></span> comparti <span class=\"_ _3\"></span>del f<span class=\"_ _1\"></span>ondo <span class=\"_ _1\"></span>pensione <span class=\"_ _3\"></span>aperto A<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ti <span class=\"_ _3\"></span>&amp; <span class=\"_ _1\"></span>Mes<span class=\"_ _1\"></span>tieri <span class=\"_ _1\"></span>\u201cGaranzia <span class=\"_ _3\"></span>1+\u201d ed <span class=\"_ _3\"></span>\u201cIncremento <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>aranzia <span class=\"_ _3\"></span>5+\u201d, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs75b\">nonch\u00e9 <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mparto <span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>L<span class=\"_ _1\"></span>inea <span class=\"_ _0\"></span>Gar<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ta\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _b\"></span>pensione <span class=\"_ _0\"></span>negoziale <span class=\"_ _0\"></span>\u201cE<span class=\"_ _0\"></span>xte<span class=\"_ _3\"></span>nso\u201d <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>icev<span class=\"_ _1\"></span>uto <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ele<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>a,<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs75c\">Anima <span class=\"_ _f\"> </span>SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>forn<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>sce <span class=\"_ _6\"></span>gar<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nzia <span class=\"_ _f\"> </span>ai <span class=\"_ _6\"></span>sottoscritto<span class=\"_ _1\"></span>ri <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>corresponsione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>imp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rto <span class=\"_ _6\"></span>minimo, <span class=\"_ _6\"></span>pari <span class=\"_ _f\"> </span>a<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs75d\">quanto sottoscritt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> dall\u2019adere<span class=\"_ _1\"></span>nte, indipende<span class=\"_ _1\"></span>ntemente dai ris<span class=\"_ _1\"></span>ultati di gestio<span class=\"_ _1\"></span>ne. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs75e\">Al <span class=\"_ _0\"></span>31 dicembre <span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>024, non <span class=\"_ _0\"></span>si \u00e8 <span class=\"_ _0\"></span>resa necessaria alcuna <span class=\"_ _0\"></span>inte<span class=\"_ _1\"></span>gr<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _0\"></span>a fronte della gar<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nzia <span class=\"_ _0\"></span>prevista dai </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs75f\">com<span class=\"_ _0\"></span>pa<span class=\"_ _3\"></span>rti;  ta<span class=\"_ _1\"></span>le <span class=\"_ _f\"> </span>informazione <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>compresa <span class=\"_ _f\"> </span>nella <span class=\"_ _f\"> </span>comunicazione <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>vi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>inviata <span class=\"_ _6\"></span>a <span class=\"_ _f\"> </span>B<span class=\"_ _0\"></span>anca <span class=\"_ _f\"> </span>d\u2019Italia <span class=\"_ _f\"> </span>da </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs760\">Anima <span class=\"_ _0\"></span>SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> relativa <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>\u201cPatrimonio di <span class=\"_ _0\"></span>Vi<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ila<span class=\"_ _1\"></span>nza <span class=\"_ _0\"></span>e ai req<span class=\"_ _0\"></span>uisiti<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>patrimoniali a <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>upporto <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la garanzia <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs761\">capitale offerta dai <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omparti ga<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>antiti<span class=\"_ _1\"></span> dei fondi pen<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>one gestit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>\u201d. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs762\">Anima <span class=\"_ _5\"></span>SGR <span class=\"_ _b\"></span>h<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>definito <span class=\"_ _b\"></span>i <span class=\"_ _5\"></span>criteri <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>proced<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>re <span class=\"_ _5\"></span>ado<span class=\"_ _3\"></span>ttate <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>determinazione <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>impegni <span class=\"_ _5\"></span>assunt<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs763\">nell\u2019apposita <span class=\"_ _0\"></span>pol<span class=\"_ _1\"></span>itica <span class=\"_ _0\"></span>\u201cCriteri e <span class=\"_ _0\"></span>procedure <span class=\"_ _0\"></span>per l<span class=\"_ _0\"></span>a determinazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>egli impegni <span class=\"_ _0\"></span>assunti per <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>gestione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs764\">di fondi pensione ac<span class=\"_ _1\"></span>compagnati dalla <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>aranzia <span class=\"_ _1\"></span>di restituzione de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> capitale\u201d<span class=\"_ _3\"></span>. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs765\">La <span class=\"_ _0\"></span>sopracitat<span class=\"_ _1\"></span>a pol<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span>ca <span class=\"_ _0\"></span>prevede ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> per <span class=\"_ _0\"></span>finalit\u00e0 di <span class=\"_ _0\"></span>bilancio e <span class=\"_ _0\"></span>di g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ione <span class=\"_ _0\"></span>del r<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hio, <span class=\"_ _0\"></span>la funzione <span class=\"_ _0\"></span>di Risk </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs766\">Management  determini <span class=\"_ _211\"> </span>la <span class=\"_ _211\"> </span>stima <span class=\"_ _211\"> </span>degli <span class=\"_ _211\"> </span>impegni <span class=\"_ _211\"> </span>assunti <span class=\"_ _211\"> </span>a  fron<span class=\"_ _0\"></span>te  delle  garanzie <span class=\"_ _211\"> </span>di <span class=\"_ _211\"> </span>restituzione  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs767\">capitale <span class=\"_ _c\"> </span>rilasciate <span class=\"_ _c\"> </span>da <span class=\"_ _c\"> </span>Anima <span class=\"_ _c\"> </span>SGR<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>sulla <span class=\"_ _c\"> </span>b<span class=\"_ _0\"></span>ase <span class=\"_ _211\"> </span>di <span class=\"_ _16\"> </span>un <span class=\"_ _211\"> </span>m<span class=\"_ _0\"></span>odello, <span class=\"_ _c\"> </span>implementato <span class=\"_ _211\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iante <span class=\"_ _211\"> </span>un <span class=\"_ _c\"> </span>apposito </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs768\">strumento informati<span class=\"_ _1\"></span>co basato su met<span class=\"_ _1\"></span>odologie di si<span class=\"_ _3\"></span>mu<span class=\"_ _0\"></span>lazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne di tipo<span class=\"_ _1\"></span> \u201cMonte Carl<span class=\"_ _1\"></span>o\u201d. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs769\">In particolare, lo strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to st<span class=\"_ _1\"></span>ima il valore della <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ara<span class=\"_ _1\"></span>nzia per ogni aderente <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on il meto<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o della <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iserva<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs76a\">prospettiva. La <span class=\"_ _0\"></span>valutazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e \u00e8 <span class=\"_ _0\"></span>implementata come <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>l valore <span class=\"_ _0\"></span>della gar<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nzia <span class=\"_ _0\"></span>ponderato <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>obabilit\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs76b\">di <span class=\"_ _6\"></span>retrocedere <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>gar<span class=\"_ _0\"></span>anzia <span class=\"_ _b\"></span>stessa <span class=\"_ _5\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>\u2019orizzo<span class=\"_ _1\"></span>nte <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>iferi<span class=\"_ _1\"></span>mento. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>p<span class=\"_ _1\"></span>robabilit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>corrispondere <span class=\"_ _5\"></span>la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs76c\">garanzia <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>situazione <span class=\"_ _0\"></span>iniziale <span class=\"_ _0\"></span>degli <span class=\"_ _0\"></span>aderenti, <span class=\"_ _0\"></span>della <span class=\"_ _b\"></span>pr<span class=\"_ _1\"></span>obabilit\u00e0 <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>pensionamento, <span class=\"_ _0\"></span>della </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs76d\">probabilit\u00e0 di morte o <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nvalidit\u00e0, della probabilit\u00e0 di di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>occupazione, della probabilit\u00e0 che sia r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>chiesto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs76e\">il <span class=\"_ _b\"></span>trasferimento <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>posizione <span class=\"_ _b\"></span>ad <span class=\"_ _b\"></span>altro <span class=\"_ _b\"></span>fondo <span class=\"_ _b\"></span>o <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ompa<span class=\"_ _1\"></span>rto,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>attese <span class=\"_ _b\"></span>circa <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>nuovi <span class=\"_ _b\"></span>ader<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs76f\">eventi che danno lu<span class=\"_ _1\"></span>ogo alla corresp<span class=\"_ _1\"></span>onsione della ga<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>anzia pre<span class=\"_ _1\"></span>visti dai regolament<span class=\"_ _1\"></span>i dei fondi.<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs771\">Per <span class=\"_ _5\"></span>ciascuno <span class=\"_ _6\"></span>scenari<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>di <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>iscatto, <span class=\"_ _b\"></span>l\u2019<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>plicativo <span class=\"_ _5\"></span>provvede <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>simulare <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>elevato <span class=\"_ _b\"></span>numero <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>scenari <span class=\"_ _5\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs772\">possibili <span class=\"_ _c\"> </span>valori <span class=\"_ _c\"> </span>della <span class=\"_ _211\"> </span>q<span class=\"_ _0\"></span>uota <span class=\"_ _211\"> </span>del <span class=\"_ _c\"> </span>fondo <span class=\"_ _c\"> </span>(comunque <span class=\"_ _211\"> </span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _c\"> </span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>feriore <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>n\u00b0 <span class=\"_ _c\"> </span>50.000), <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>fine <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olare<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs773\">l\u2019eventuale <span class=\"_ _c\"> </span>importo <span class=\"_ _c\"> </span>che <span class=\"_ _16\"> </span>la <span class=\"_ _c\"> </span>Societ\u00e0 <span class=\"_ _c\"> </span>sarebbe <span class=\"_ _16\"> </span>te<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>a <span class=\"_ _c\"> </span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>re <span class=\"_ _16\"> </span>all\u2019aderente.<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>Ciascuno <span class=\"_ _16\"> </span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ena<span class=\"_ _1\"></span>rio <span class=\"_ _16\"> </span>\u00e8 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs774\">simulato <span class=\"_ _b\"></span>te<span class=\"_ _1\"></span>nendo <span class=\"_ _b\"></span>conto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>iniziale <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _0\"></span>quota <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _b\"></span>o <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>asse<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>sua <span class=\"_ _0\"></span>evoluzione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs775\">futura, de<span class=\"_ _1\"></span>scritta <span class=\"_ _1\"></span>da u<span class=\"_ _1\"></span>n Moto <span class=\"_ _3\"></span>Geom<span class=\"_ _0\"></span>et<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>co Br<span class=\"_ _1\"></span>owniano <span class=\"_ _3\"></span>parametrizzato <span class=\"_ _1\"></span>con re<span class=\"_ _1\"></span>ndimento e<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>olatilit\u00e0 atte<span class=\"_ _1\"></span>si </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs776\">del portafoglio del f<span class=\"_ _1\"></span>ondo. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs777\">Una <span class=\"_ _6\"></span>vo<span class=\"_ _0\"></span>lta <span class=\"_ _5\"></span>calcolata <span class=\"_ _f\"> </span>la <span class=\"_ _6\"></span>distribuzione<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>possi<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ili<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>perdite <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ll<span class=\"_ _1\"></span>\u2019orizzonte <span class=\"_ _6\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>riferimento, <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _5\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ato <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>l </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs778\">99,5-esimo peggi<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span> pe<span class=\"_ _3\"></span>rc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tile pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> dete<span class=\"_ _1\"></span>rminare l\u2019impegno della S<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet\u00e0 a <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ronte del <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> in anal<span class=\"_ _1\"></span>isi. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs779\">Dato  l\u2019orizz<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nte  t<span class=\"_ _1\"></span>emporale <span class=\"_ _f\"> </span>annuale  e  t<span class=\"_ _1\"></span>enuto  c<span class=\"_ _1\"></span>onto  delle  p<span class=\"_ _1\"></span>rassi <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabili  p<span class=\"_ _1\"></span>er  le  p<span class=\"_ _1\"></span>assivit\u00e0  c<span class=\"_ _1\"></span>he  non<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs77a\">superano i 12 mesi, <span class=\"_ _1\"></span>il valore degli impeg<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>cos\u00ec stim<span class=\"_ _1\"></span>ato non \u00e8 attualizza<span class=\"_ _1\"></span>to. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs77b\">Al <span class=\"_ _b\"></span>31 <span class=\"_ _b\"></span>dice<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bre <span class=\"_ _0\"></span>2024 <span class=\"_ _b\"></span>l\u2019impe<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>cos\u00ec <span class=\"_ _0\"></span>deter<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nato <span class=\"_ _0\"></span>risulta <span class=\"_ _b\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>irca<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>24 <span class=\"_ _0\"></span>mila, <span class=\"_ _0\"></span>importo <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>viene </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs77c\">evidenziato <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>\u201c1. <span class=\"_ _f\"> </span>F<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ndi <span class=\"_ _6\"></span>su <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>peg<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>g<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>an<span class=\"_ _0\"></span>zie <span class=\"_ _6\"></span>rilasciate\u201d <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>sopra <span class=\"_ _6\"></span>evidenziata <span class=\"_ _6\"></span>tabella <span class=\"_ _6\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs77d\">com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>osizione del Fondo pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> rischi e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span> oneri.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs77e\">Infine, <span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>sottovoce <span class=\"_ _5\"></span>\u201c3.1 <span class=\"_ _5\"></span>controversie <span class=\"_ _5\"></span>legali <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>fiscali\u201d, <span class=\"_ _5\"></span>valorizzata <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>circ<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>0,5 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>ilio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i, <span class=\"_ _5\"></span>accoglie </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs77f\">accantonamenti p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>vertenze var<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>e, <span class=\"_ _3\"></span>com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ren<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ive d<span class=\"_ _1\"></span>elle cor<span class=\"_ _1\"></span>relate spe<span class=\"_ _1\"></span>se di <span class=\"_ _3\"></span>consulenza le<span class=\"_ _3\"></span>gale e/o <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ale. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs780\">Non <span class=\"_ _3\"></span>sono <span class=\"_ _1\"></span>stati <span class=\"_ _3\"></span>previst<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>accantonamenti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>cause <span class=\"_ _3\"></span>nelle <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>li<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>chiamate <span class=\"_ _3\"></span>come<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs781\">corresponsabile <span class=\"_ _5\"></span>ma <span class=\"_ _5\"></span>che, <span class=\"_ _5\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>base <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>sentenze <span class=\"_ _5\"></span>pregresse <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>stes<span class=\"_ _1\"></span>sa <span class=\"_ _5\"></span>tipologia <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>contenzioso <span class=\"_ _5\"></span>ovvero </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs782\">all\u2019opinione di co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sulenti te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>zi, si r<span class=\"_ _1\"></span>itiene non comp<span class=\"_ _1\"></span>orteranno oneri.<span class=\"_ _4a1\"> </span><span class=\"_ _3\"></span> </div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs783\">10.2 \u201cFondi di quiescenza aziendali\u201d ed \u201cAltri fondi<span class=\"_ _0\"></span> per rischi e oner<span class=\"_ _0\"></span>i\u201d<span class=\"_ _3\"></span>:<span class=\"_ _0\"></span> variazioni<span class=\"_ _1\"></span> annue<span class=\"_ _3\"></span> </div><div class=\"gs547\"><table class=\"s w67b h3a9\" id=\"_0b956edb-60c0-4af1-8924-46042db483b4\"><tr><td></td><td class=\"c n x703 y1a19 w67c h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">Fo<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>i di<span class=\"_ _0\"></span> quiescenza<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x787 y1a19 w67d h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">Alt<span class=\"_ _0\"></span>ri fo<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span> per rischi ed o<span class=\"_ _0\"></span>neri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x788 y1a19 w67e h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">Total<span class=\"_ _0\"></span>e 31.12<span class=\"_ _0\"></span>.2024<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1a w67f h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">A. Esis<span class=\"_ _1\"></span>ten<span class=\"_ _0\"></span>ze in<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>li<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x789 y1a1a w680 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">1.248<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x78a y1a1a w680 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">1.248<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1b w681 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">B. Aumenti<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x78b y1a1b w682 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">27.474<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x78c y1a1b w683 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">27.47<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1d w684 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">B.1<span class=\"_ _0\"></span>  <span class=\"_ _3\"></span>Ac<span class=\"_ _0\"></span>canto<span class=\"_ _3\"></span>name<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span> dell'eserci<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x78d y1a1d w685 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">27.46<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x78e y1a1d w685 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">27.46<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1e w686 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">B.2<span class=\"_ _0\"></span>  <span class=\"_ _3\"></span>Va<span class=\"_ _0\"></span>riaz<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i dovu<span class=\"_ _1\"></span>te al p<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>re del t<span class=\"_ _1\"></span>empo<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x78f y1a1e w687 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1f w688 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">B.1<span class=\"_ _0\"></span> Variazion<span class=\"_ _3\"></span>i dovut<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a modifich<span class=\"_ _1\"></span>e de<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> tass<span class=\"_ _3\"></span>o di <span class=\"_ _3\"></span>scon<span class=\"_ _1\"></span>to<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x790 y1a1f w689 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x791 y1a1f w689 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a20 w68a h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">B.1<span class=\"_ _0\"></span> Al<span class=\"_ _3\"></span>tre va<span class=\"_ _0\"></span>riaz<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x78f y1a20 w687 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a21 w68b h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">C. Diminu<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x792 y1a21 w680 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">1.055<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x793 y1a21 w680 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">1.055<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a22 w68c h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>1  U<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>zzo dell'es<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>cizi<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x794 y1a22 w68d h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">398<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x795 y1a22 w68d h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">398<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1f x2ed he2 y1a23 ff2 fs51 fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>2  Variaz<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i dovu<span class=\"_ _1\"></span>te a modific<span class=\"_ _1\"></span>he del t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> sco<span class=\"_ _3\"></span>nto<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a24 w68e h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>3  Al<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e var<span class=\"_ _0\"></span>iazio<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x796 y1a24 w68d h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">657<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x797 y1a24 w68f h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">65<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w690 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">D.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Rimanen<span class=\"_ _0\"></span>ze <span class=\"_ _1\"></span>fi<span class=\"_ _0\"></span>nali<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x798 y16d8 w691 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">27.667<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79a y16d8 w692 h344\"><div class=\"t m1f x799 he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">27.667<span class=\"_ _177\"></span>   <span class=\"_ _3\"></span>    <span class=\"_ _1\"></span>   <span class=\"_ _3\"></span>   <span class=\"_ _3\"></span>    <span class=\"_ _1\"></span>   <span class=\"_ _3\"></span>    <span class=\"_ _1\"></span>   <span class=\"_ _3\"></span>    <span class=\"_ _1\"></span>   <span class=\"_ _3\"></span>   <span class=\"_ _3\"></span> </div></td></tr></table></div>Il val<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>indicato <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>sottovoce \u201c<span class=\"_ _3\"></span>B.1 Ac<span class=\"_ _1\"></span>cantonamento <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>\u2019e<span class=\"_ _3\"></span>sercizio \u2013<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>olonna <span class=\"_ _1\"></span>Altri <span class=\"_ _3\"></span>fondi p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>rischi ed<span class=\"_ _3\"></span> oneri\u201d <span class=\"_ _c\"> </span>si<span class=\"_ _0\"></span>  r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferisce <span class=\"_ _c\"> </span>principalmente <span class=\"_ _c\"> </span>ai <span class=\"_ _211\"> </span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>ri <span class=\"_ _16\"> </span>correl<span class=\"_ _3\"></span>ati <span class=\"_ _c\"> </span>ag<span class=\"_ _0\"></span>li <span class=\"_ _c\"> </span>stanziamenti <span class=\"_ _c\"> </span>relativi <span class=\"_ _c\"> </span>alla <span class=\"_ _c\"> </span>predetta <span class=\"_ _c\"> </span>stima dell\u2019onere di remu<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>erazi<span class=\"_ _1\"></span>one variabile del personale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>dipendente.<span class=\"_ _3\"></span> Nella <span class=\"_ _1b\"> </span>so<span class=\"_ _0\"></span>tto<span class=\"_ _1\"></span>voce <span class=\"_ _1b\"> </span>\u201cC.1<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>Uti<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>zzo <span class=\"_ _1b\"> </span>nell\u2019esercizio <span class=\"_ _1b\"> </span>- <span class=\"_ _17\"> </span>colonna <span class=\"_ _1b\"> </span>Altri <span class=\"_ _1b\"> </span>fondi <span class=\"_ _17\"> </span>per <span class=\"_ _1b\"> </span>rischi <span class=\"_ _1b\"> </span>ed<span class=\"_ _0\"></span> <span class=\"_ _1b\"> </span>oneri\u201d <span class=\"_ _1b\"> </span>viene rappresentato <span class=\"_ _16\"> </span>l\u2019utilizz<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>dei <span class=\"_ _16\"> </span>fondi <span class=\"_ _16\"> </span>a<span class=\"_ _1\"></span>cc<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nati<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>periodi <span class=\"_ _1f\"> </span>precede<span class=\"_ _1\"></span>nti <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>principalmente <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rrelati <span class=\"_ _16\"> </span>a definizioni <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>personale <span class=\"_ _1\"></span>dipendente, <span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>sottovoce <span class=\"_ _1\"></span>\u201cC.3 Alt<span class=\"_ _3\"></span>re variazio<span class=\"_ _1\"></span>ni\u201d si <span class=\"_ _3\"></span>riferisce a<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ilas<span class=\"_ _1\"></span>cio nel  cont<span class=\"_ _1\"></span>o  economico <span class=\"_ _f\"> </span>consolidato <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ell\u2019e<span class=\"_ _1\"></span>sercizio <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i  fondi  in  e<span class=\"_ _1\"></span>subero  rispetto  a<span class=\"_ _1\"></span>lla  de<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne  del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e obbligazioni che <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e avevano <span class=\"_ _1\"></span>determinato l\u2019a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>canto<span class=\"_ _1\"></span>namento.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-514": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 10 \u2013 Fondi per rischi e oneri \u2013 Voce 100<span class=\"_ _1\"></span> 10.1 \u201cFondi per risch<span class=\"_ _0\"></span>i e oneri\u201d: composiz<span class=\"_ _1\"></span>ione<span class=\"_ _4a1\"> </span><table class=\"s w669 h3a8\" id=\"_a6a081ff-2d28-46e0-b143-3f3f9524de74\"><tr><td class=\"c n x1a9 y1a11 w66a h368\"><div class=\"t m2f x17f hde y17bf ff3 fs50 fc1 sc0 ls0 ws0\">Voci<span class=\"_ _0\"></span>/Va<span class=\"_ _0\"></span>lor<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x779 y1a11 w66b h368\"><div class=\"t m2f x17f hde y17bf ff3 fs50 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77a y1a11 w66c h368\"><div class=\"t m2f x17f hde y17bf ff3 fs50 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le <span class=\"_ _1\"></span>31.<span class=\"_ _0\"></span>12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a12 w66d h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> Fo<span class=\"_ _1\"></span>ndi <span class=\"_ _3\"></span>su <span class=\"_ _1\"></span>imp<span class=\"_ _3\"></span>eg<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>anzie<span class=\"_ _1\"></span> ril<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ciate<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77b y1a12 w66e h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77c y1a12 w66f h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">34<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m2f x1fd hdf y1a13 ff2 fs50 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> Fo<span class=\"_ _1\"></span>ndi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i qui<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ce<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>za<span class=\"_ _0\"></span> az<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>end<span class=\"_ _0\"></span>ali<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a14 w670 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> Alt<span class=\"_ _1\"></span>ri fo<span class=\"_ _3\"></span>ndi <span class=\"_ _1\"></span>per ris<span class=\"_ _3\"></span>chi<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>ed<span class=\"_ _0\"></span> o<span class=\"_ _3\"></span>neri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77d y1a14 w671 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>7.6<span class=\"_ _0\"></span>67<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77e y1a14 w672 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>248<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x77f y1a15 w673 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.1 con<span class=\"_ _1\"></span>tro<span class=\"_ _3\"></span>ve<span class=\"_ _0\"></span>rsi<span class=\"_ _3\"></span>e lega<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i e fis<span class=\"_ _3\"></span>ca<span class=\"_ _0\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x780 y1a15 w674 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">53<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x781 y1a15 w675 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">937<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x77f y1a16 w676 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.2 on<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>per i<span class=\"_ _3\"></span>l p<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rso<span class=\"_ _3\"></span>nal<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x782 y1a16 w671 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">27<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x783 y1a16 w677 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>11</div></td></tr><tr><td class=\"t m2f x1fd hdf y1a17 ff2 fs50 fc1 sc0 ls0 ws0\">  <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>.3 a<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>tri<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x784 y16d8 w678 h368\"><div class=\"t m2f x17f hde y18e7 ff3 fs50 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x785 y16d8 w679 h368\"><div class=\"t m2f x17f hde y18e7 ff3 fs50 fc1 sc0 ls0 ws0\">27.6<span class=\"_ _0\"></span>91<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x786 y16d8 w67a h368\"><div class=\"t m2f x17f hde y18e7 ff3 fs50 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.282<span class=\"_ _4a1\"> </span></div></td></tr></table>La voce <span class=\"_ _3\"></span>\u201c100 - <span class=\"_ _3\"></span>Fondi p<span class=\"_ _1\"></span>er <span class=\"_ _3\"></span>rischi e <span class=\"_ _3\"></span>oneri\u201d p<span class=\"_ _1\"></span>resenta <span class=\"_ _3\"></span>un <span class=\"_ _1\"></span>saldo par<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a circa <span class=\"_ _3\"></span>Euro 2<span class=\"_ _1\"></span>7,7 mi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ioni <span class=\"_ _3\"></span>(Euro 1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>milion<span class=\"_ _1\"></span>i al 31 dicembre 202<span class=\"_ _1\"></span>4). L\u2019aumento <span class=\"_ _b\"></span>della <span class=\"_ _5\"></span>voce <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>dovuto <span class=\"_ _b\"></span>principalmente <span class=\"_ _b\"></span>all\u2019accantoname<span class=\"_ _1\"></span>nto <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>componente <span class=\"_ _b\"></span>variabile <span class=\"_ _b\"></span>della remunerazione <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>pers<span class=\"_ _1\"></span>onale <span class=\"_ _0\"></span>dipende<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>degli <span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>mm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nistratori <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Gruppo<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>rilevata <span class=\"_ _0\"></span>nella <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ottovoce \u201c3.2 <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>personale\u201d <span class=\"_ _8\"></span>per <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mpo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cir<span class=\"_ _1\"></span>ca <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>27,1 <span class=\"_ _8\"></span>mi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ioni <span class=\"_ _3\"></span>(in <span class=\"_ _3\"></span>contropartita <span class=\"_ _8\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _8\"></span>voce <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>conto economico \u201c<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>0 - <span class=\"_ _3\"></span>Spese am<span class=\"_ _3\"></span>ministrative b<span class=\"_ _3\"></span>) spese <span class=\"_ _1\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>personale\u201d). Al <span class=\"_ _3\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _3\"></span>2023, tale<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sto <span class=\"_ _3\"></span>era stato rilevato nel<span class=\"_ _1\"></span>la voce pat<span class=\"_ _1\"></span>rimoniale \u201c80. Altre pa<span class=\"_ _1\"></span>ssivit\u00e0\u201d. La <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ve<span class=\"_ _1\"></span>rsa contabilizz<span class=\"_ _1\"></span>azione si <span class=\"_ _1\"></span>origina dalla circostanza <span class=\"_ _1c\"> </span>che, <span class=\"_ _21\"> </span>alla <span class=\"_ _1c\"> </span>data <span class=\"_ _1c\"> </span>di <span class=\"_ _1c\"> </span>red<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _21\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_ _1c\"> </span>presente <span class=\"_ _21\"> </span>Bilan<span class=\"_ _1\"></span>cio <span class=\"_ _1c\"> </span>conso<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>dato<span class=\"_ _1\"></span>, <span class=\"_ _21\"> </span>l\u2019impo<span class=\"_ _1\"></span>rto <span class=\"_ _1c\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a remunerazione <span class=\"_ _18\"> </span>variabile, <span class=\"_ _18\"> </span>sebbene <span class=\"_ _18\"> </span>approvato <span class=\"_ _17\"> </span>con<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>u<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>icazione <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>m<span class=\"_ _0\"></span>assi<span class=\"_ _3\"></span>ma, <span class=\"_ _18\"> </span>n<span class=\"_ _0\"></span>on <span class=\"_ _18\"> </span>pu\u00f2 considerarsi definitiv<span class=\"_ _1\"></span>o in quanto pote<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>zialme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te o<span class=\"_ _1\"></span>ggetto di suc<span class=\"_ _1\"></span>cessivi affinamenti.<span class=\"_ _1\"></span> Pertanto, <span class=\"_ _1\"></span>in linea <span class=\"_ _3\"></span>con qua<span class=\"_ _1\"></span>nto pre<span class=\"_ _1\"></span>visto dai <span class=\"_ _3\"></span>principi <span class=\"_ _3\"></span>contabili, \u00e8 <span class=\"_ _1\"></span>stata <span class=\"_ _3\"></span>effettuata la <span class=\"_ _3\"></span>miglior stima<span class=\"_ _1\"></span> del <span class=\"_ _3\"></span>costo rilevando un accant<span class=\"_ _1\"></span>onamento a \u201cFond<span class=\"_ _1\"></span>o rischi \u2013 altri<span class=\"_ _1\"></span> fondi per rischi e one<span class=\"_ _1\"></span>ri\u201d e iscrive<span class=\"_ _1\"></span>ndo le necessarie imposte anticipate s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>l valo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e accantonato,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>come i<span class=\"_ _1\"></span>n precedenza illustrat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> Per i<span class=\"_ _3\"></span> comparti <span class=\"_ _3\"></span>del f<span class=\"_ _1\"></span>ondo <span class=\"_ _1\"></span>pensione <span class=\"_ _3\"></span>aperto A<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ti <span class=\"_ _3\"></span>&amp; <span class=\"_ _1\"></span>Mes<span class=\"_ _1\"></span>tieri <span class=\"_ _1\"></span>\u201cGaranzia <span class=\"_ _3\"></span>1+\u201d ed <span class=\"_ _3\"></span>\u201cIncremento <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>aranzia <span class=\"_ _3\"></span>5+\u201d, nonch\u00e9 <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mparto <span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>L<span class=\"_ _1\"></span>inea <span class=\"_ _0\"></span>Gar<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ta\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _b\"></span>pensione <span class=\"_ _0\"></span>negoziale <span class=\"_ _0\"></span>\u201cE<span class=\"_ _0\"></span>xte<span class=\"_ _3\"></span>nso\u201d <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>icev<span class=\"_ _1\"></span>uto <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ele<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>a,<span class=\"_ _3\"></span> Anima <span class=\"_ _f\"> </span>SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>forn<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>sce <span class=\"_ _6\"></span>gar<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nzia <span class=\"_ _f\"> </span>ai <span class=\"_ _6\"></span>sottoscritto<span class=\"_ _1\"></span>ri <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>corresponsione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>imp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rto <span class=\"_ _6\"></span>minimo, <span class=\"_ _6\"></span>pari <span class=\"_ _f\"> </span>a<span class=\"_ _3\"></span> quanto sottoscritt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> dall\u2019adere<span class=\"_ _1\"></span>nte, indipende<span class=\"_ _1\"></span>ntemente dai ris<span class=\"_ _1\"></span>ultati di gestio<span class=\"_ _1\"></span>ne. Al <span class=\"_ _0\"></span>31 dicembre <span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>024, non <span class=\"_ _0\"></span>si \u00e8 <span class=\"_ _0\"></span>resa necessaria alcuna <span class=\"_ _0\"></span>inte<span class=\"_ _1\"></span>gr<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _0\"></span>a fronte della gar<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nzia <span class=\"_ _0\"></span>prevista dai com<span class=\"_ _0\"></span>pa<span class=\"_ _3\"></span>rti;  ta<span class=\"_ _1\"></span>le <span class=\"_ _f\"> </span>informazione <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>compresa <span class=\"_ _f\"> </span>nella <span class=\"_ _f\"> </span>comunicazione <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>vi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>inviata <span class=\"_ _6\"></span>a <span class=\"_ _f\"> </span>B<span class=\"_ _0\"></span>anca <span class=\"_ _f\"> </span>d\u2019Italia <span class=\"_ _f\"> </span>da Anima <span class=\"_ _0\"></span>SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> relativa <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>\u201cPatrimonio di <span class=\"_ _0\"></span>Vi<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ila<span class=\"_ _1\"></span>nza <span class=\"_ _0\"></span>e ai req<span class=\"_ _0\"></span>uisiti<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>patrimoniali a <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>upporto <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la garanzia <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> capitale offerta dai <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omparti ga<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>antiti<span class=\"_ _1\"></span> dei fondi pen<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>one gestit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>\u201d. Anima <span class=\"_ _5\"></span>SGR <span class=\"_ _b\"></span>h<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>definito <span class=\"_ _b\"></span>i <span class=\"_ _5\"></span>criteri <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>proced<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>re <span class=\"_ _5\"></span>ado<span class=\"_ _3\"></span>ttate <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>determinazione <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>impegni <span class=\"_ _5\"></span>assunt<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> nell\u2019apposita <span class=\"_ _0\"></span>pol<span class=\"_ _1\"></span>itica <span class=\"_ _0\"></span>\u201cCriteri e <span class=\"_ _0\"></span>procedure <span class=\"_ _0\"></span>per l<span class=\"_ _0\"></span>a determinazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>egli impegni <span class=\"_ _0\"></span>assunti per <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>gestione di fondi pensione ac<span class=\"_ _1\"></span>compagnati dalla <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>aranzia <span class=\"_ _1\"></span>di restituzione de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> capitale\u201d<span class=\"_ _3\"></span>. La <span class=\"_ _0\"></span>sopracitat<span class=\"_ _1\"></span>a pol<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span>ca <span class=\"_ _0\"></span>prevede ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> per <span class=\"_ _0\"></span>finalit\u00e0 di <span class=\"_ _0\"></span>bilancio e <span class=\"_ _0\"></span>di g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ione <span class=\"_ _0\"></span>del r<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hio, <span class=\"_ _0\"></span>la funzione <span class=\"_ _0\"></span>di Risk Management  determini <span class=\"_ _211\"> </span>la <span class=\"_ _211\"> </span>stima <span class=\"_ _211\"> </span>degli <span class=\"_ _211\"> </span>impegni <span class=\"_ _211\"> </span>assunti <span class=\"_ _211\"> </span>a  fron<span class=\"_ _0\"></span>te  delle  garanzie <span class=\"_ _211\"> </span>di <span class=\"_ _211\"> </span>restituzione  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> capitale <span class=\"_ _c\"> </span>rilasciate <span class=\"_ _c\"> </span>da <span class=\"_ _c\"> </span>Anima <span class=\"_ _c\"> </span>SGR<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>sulla <span class=\"_ _c\"> </span>b<span class=\"_ _0\"></span>ase <span class=\"_ _211\"> </span>di <span class=\"_ _16\"> </span>un <span class=\"_ _211\"> </span>m<span class=\"_ _0\"></span>odello, <span class=\"_ _c\"> </span>implementato <span class=\"_ _211\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iante <span class=\"_ _211\"> </span>un <span class=\"_ _c\"> </span>apposito strumento informati<span class=\"_ _1\"></span>co basato su met<span class=\"_ _1\"></span>odologie di si<span class=\"_ _3\"></span>mu<span class=\"_ _0\"></span>lazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne di tipo<span class=\"_ _1\"></span> \u201cMonte Carl<span class=\"_ _1\"></span>o\u201d. In particolare, lo strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to st<span class=\"_ _1\"></span>ima il valore della <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ara<span class=\"_ _1\"></span>nzia per ogni aderente <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on il meto<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o della <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iserva<span class=\"_ _3\"></span> prospettiva. La <span class=\"_ _0\"></span>valutazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e \u00e8 <span class=\"_ _0\"></span>implementata come <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>l valore <span class=\"_ _0\"></span>della gar<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nzia <span class=\"_ _0\"></span>ponderato <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>obabilit\u00e0 di <span class=\"_ _6\"></span>retrocedere <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>gar<span class=\"_ _0\"></span>anzia <span class=\"_ _b\"></span>stessa <span class=\"_ _5\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>\u2019orizzo<span class=\"_ _1\"></span>nte <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>iferi<span class=\"_ _1\"></span>mento. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>p<span class=\"_ _1\"></span>robabilit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>corrispondere <span class=\"_ _5\"></span>la garanzia <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>situazione <span class=\"_ _0\"></span>iniziale <span class=\"_ _0\"></span>degli <span class=\"_ _0\"></span>aderenti, <span class=\"_ _0\"></span>della <span class=\"_ _b\"></span>pr<span class=\"_ _1\"></span>obabilit\u00e0 <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>pensionamento, <span class=\"_ _0\"></span>della probabilit\u00e0 di morte o <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nvalidit\u00e0, della probabilit\u00e0 di di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>occupazione, della probabilit\u00e0 che sia r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>chiesto il <span class=\"_ _b\"></span>trasferimento <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>posizione <span class=\"_ _b\"></span>ad <span class=\"_ _b\"></span>altro <span class=\"_ _b\"></span>fondo <span class=\"_ _b\"></span>o <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ompa<span class=\"_ _1\"></span>rto,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>attese <span class=\"_ _b\"></span>circa <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>nuovi <span class=\"_ _b\"></span>ader<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li eventi che danno lu<span class=\"_ _1\"></span>ogo alla corresp<span class=\"_ _1\"></span>onsione della ga<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>anzia pre<span class=\"_ _1\"></span>visti dai regolament<span class=\"_ _1\"></span>i dei fondi.<span class=\"_ _4a1\"> </span>Per <span class=\"_ _5\"></span>ciascuno <span class=\"_ _6\"></span>scenari<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>di <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>iscatto, <span class=\"_ _b\"></span>l\u2019<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>plicativo <span class=\"_ _5\"></span>provvede <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>simulare <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>elevato <span class=\"_ _b\"></span>numero <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>scenari <span class=\"_ _5\"></span>di possibili <span class=\"_ _c\"> </span>valori <span class=\"_ _c\"> </span>della <span class=\"_ _211\"> </span>q<span class=\"_ _0\"></span>uota <span class=\"_ _211\"> </span>del <span class=\"_ _c\"> </span>fondo <span class=\"_ _c\"> </span>(comunque <span class=\"_ _211\"> </span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _c\"> </span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>feriore <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>n\u00b0 <span class=\"_ _c\"> </span>50.000), <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>fine <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olare<span class=\"_ _3\"></span> l\u2019eventuale <span class=\"_ _c\"> </span>importo <span class=\"_ _c\"> </span>che <span class=\"_ _16\"> </span>la <span class=\"_ _c\"> </span>Societ\u00e0 <span class=\"_ _c\"> </span>sarebbe <span class=\"_ _16\"> </span>te<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>a <span class=\"_ _c\"> </span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>re <span class=\"_ _16\"> </span>all\u2019aderente.<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>Ciascuno <span class=\"_ _16\"> </span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ena<span class=\"_ _1\"></span>rio <span class=\"_ _16\"> </span>\u00e8 simulato <span class=\"_ _b\"></span>te<span class=\"_ _1\"></span>nendo <span class=\"_ _b\"></span>conto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>iniziale <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _0\"></span>quota <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _b\"></span>o <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>asse<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>sua <span class=\"_ _0\"></span>evoluzione futura, de<span class=\"_ _1\"></span>scritta <span class=\"_ _1\"></span>da u<span class=\"_ _1\"></span>n Moto <span class=\"_ _3\"></span>Geom<span class=\"_ _0\"></span>et<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>co Br<span class=\"_ _1\"></span>owniano <span class=\"_ _3\"></span>parametrizzato <span class=\"_ _1\"></span>con re<span class=\"_ _1\"></span>ndimento e<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>olatilit\u00e0 atte<span class=\"_ _1\"></span>si del portafoglio del f<span class=\"_ _1\"></span>ondo. Una <span class=\"_ _6\"></span>vo<span class=\"_ _0\"></span>lta <span class=\"_ _5\"></span>calcolata <span class=\"_ _f\"> </span>la <span class=\"_ _6\"></span>distribuzione<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>possi<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ili<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>perdite <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ll<span class=\"_ _1\"></span>\u2019orizzonte <span class=\"_ _6\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>riferimento, <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _5\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ato <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>l 99,5-esimo peggi<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span> pe<span class=\"_ _3\"></span>rc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tile pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> dete<span class=\"_ _1\"></span>rminare l\u2019impegno della S<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet\u00e0 a <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ronte del <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> in anal<span class=\"_ _1\"></span>isi. Dato  l\u2019orizz<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nte  t<span class=\"_ _1\"></span>emporale <span class=\"_ _f\"> </span>annuale  e  t<span class=\"_ _1\"></span>enuto  c<span class=\"_ _1\"></span>onto  delle  p<span class=\"_ _1\"></span>rassi <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabili  p<span class=\"_ _1\"></span>er  le  p<span class=\"_ _1\"></span>assivit\u00e0  c<span class=\"_ _1\"></span>he  non<span class=\"_ _1\"></span> superano i 12 mesi, <span class=\"_ _1\"></span>il valore degli impeg<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>cos\u00ec stim<span class=\"_ _1\"></span>ato non \u00e8 attualizza<span class=\"_ _1\"></span>to. Al <span class=\"_ _b\"></span>31 <span class=\"_ _b\"></span>dice<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bre <span class=\"_ _0\"></span>2024 <span class=\"_ _b\"></span>l\u2019impe<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>cos\u00ec <span class=\"_ _0\"></span>deter<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nato <span class=\"_ _0\"></span>risulta <span class=\"_ _b\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>irca<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>24 <span class=\"_ _0\"></span>mila, <span class=\"_ _0\"></span>importo <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>viene evidenziato <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>\u201c1. <span class=\"_ _f\"> </span>F<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ndi <span class=\"_ _6\"></span>su <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>peg<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>g<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>an<span class=\"_ _0\"></span>zie <span class=\"_ _6\"></span>rilasciate\u201d <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>sopra <span class=\"_ _6\"></span>evidenziata <span class=\"_ _6\"></span>tabella <span class=\"_ _6\"></span>di com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>osizione del Fondo pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> rischi e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span> oneri.<span class=\"_ _1\"></span> Infine, <span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>sottovoce <span class=\"_ _5\"></span>\u201c3.1 <span class=\"_ _5\"></span>controversie <span class=\"_ _5\"></span>legali <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>fiscali\u201d, <span class=\"_ _5\"></span>valorizzata <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>circ<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>0,5 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>ilio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i, <span class=\"_ _5\"></span>accoglie accantonamenti p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>vertenze var<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>e, <span class=\"_ _3\"></span>com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ren<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ive d<span class=\"_ _1\"></span>elle cor<span class=\"_ _1\"></span>relate spe<span class=\"_ _1\"></span>se di <span class=\"_ _3\"></span>consulenza le<span class=\"_ _3\"></span>gale e/o <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ale. Non <span class=\"_ _3\"></span>sono <span class=\"_ _1\"></span>stati <span class=\"_ _3\"></span>previst<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>accantonamenti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>cause <span class=\"_ _3\"></span>nelle <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>li<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>chiamate <span class=\"_ _3\"></span>come<span class=\"_ _1\"></span> corresponsabile <span class=\"_ _5\"></span>ma <span class=\"_ _5\"></span>che, <span class=\"_ _5\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>base <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>sentenze <span class=\"_ _5\"></span>pregresse <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>stes<span class=\"_ _1\"></span>sa <span class=\"_ _5\"></span>tipologia <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>contenzioso <span class=\"_ _5\"></span>ovvero all\u2019opinione di co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sulenti te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>zi, si r<span class=\"_ _1\"></span>itiene non comp<span class=\"_ _1\"></span>orteranno oneri.<span class=\"_ _4a1\"> </span><span class=\"_ _3\"></span> 10.2 \u201cFondi di quiescenza aziendali\u201d ed \u201cAltri fondi<span class=\"_ _0\"></span> per rischi e oner<span class=\"_ _0\"></span>i\u201d<span class=\"_ _3\"></span>:<span class=\"_ _0\"></span> variazioni<span class=\"_ _1\"></span> annue<span class=\"_ _3\"></span> <table class=\"s w67b h3a9\" id=\"_0b956edb-60c0-4af1-8924-46042db483b4\"><tr><td></td><td class=\"c n x703 y1a19 w67c h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">Fo<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>i di<span class=\"_ _0\"></span> quiescenza<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x787 y1a19 w67d h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">Alt<span class=\"_ _0\"></span>ri fo<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span> per rischi ed o<span class=\"_ _0\"></span>neri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x788 y1a19 w67e h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">Total<span class=\"_ _0\"></span>e 31.12<span class=\"_ _0\"></span>.2024<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1a w67f h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">A. Esis<span class=\"_ _1\"></span>ten<span class=\"_ _0\"></span>ze in<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>li<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x789 y1a1a w680 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">1.248<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x78a y1a1a w680 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">1.248<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1b w681 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">B. Aumenti<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x78b y1a1b w682 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">27.474<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x78c y1a1b w683 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">27.47<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1d w684 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">B.1<span class=\"_ _0\"></span>  <span class=\"_ _3\"></span>Ac<span class=\"_ _0\"></span>canto<span class=\"_ _3\"></span>name<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span> dell'eserci<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x78d y1a1d w685 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">27.46<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x78e y1a1d w685 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">27.46<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1e w686 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">B.2<span class=\"_ _0\"></span>  <span class=\"_ _3\"></span>Va<span class=\"_ _0\"></span>riaz<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i dovu<span class=\"_ _1\"></span>te al p<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>re del t<span class=\"_ _1\"></span>empo<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x78f y1a1e w687 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1f w688 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">B.1<span class=\"_ _0\"></span> Variazion<span class=\"_ _3\"></span>i dovut<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a modifich<span class=\"_ _1\"></span>e de<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> tass<span class=\"_ _3\"></span>o di <span class=\"_ _3\"></span>scon<span class=\"_ _1\"></span>to<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x790 y1a1f w689 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x791 y1a1f w689 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a20 w68a h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">B.1<span class=\"_ _0\"></span> Al<span class=\"_ _3\"></span>tre va<span class=\"_ _0\"></span>riaz<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x78f y1a20 w687 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a21 w68b h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">C. Diminu<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x792 y1a21 w680 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">1.055<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x793 y1a21 w680 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">1.055<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a22 w68c h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>1  U<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>zzo dell'es<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>cizi<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x794 y1a22 w68d h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">398<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x795 y1a22 w68d h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">398<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1f x2ed he2 y1a23 ff2 fs51 fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>2  Variaz<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i dovu<span class=\"_ _1\"></span>te a modific<span class=\"_ _1\"></span>he del t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> sco<span class=\"_ _3\"></span>nto<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a24 w68e h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>3  Al<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e var<span class=\"_ _0\"></span>iazio<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x796 y1a24 w68d h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">657<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x797 y1a24 w68f h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">65<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w690 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">D.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Rimanen<span class=\"_ _0\"></span>ze <span class=\"_ _1\"></span>fi<span class=\"_ _0\"></span>nali<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x798 y16d8 w691 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">27.667<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79a y16d8 w692 h344\"><div class=\"t m1f x799 he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">27.667<span class=\"_ _177\"></span>   <span class=\"_ _3\"></span>    <span class=\"_ _1\"></span>   <span class=\"_ _3\"></span>   <span class=\"_ _3\"></span>    <span class=\"_ _1\"></span>   <span class=\"_ _3\"></span>    <span class=\"_ _1\"></span>   <span class=\"_ _3\"></span>    <span class=\"_ _1\"></span>   <span class=\"_ _3\"></span>   <span class=\"_ _3\"></span> </div></td></tr></table>Il val<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>indicato <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>sottovoce \u201c<span class=\"_ _3\"></span>B.1 Ac<span class=\"_ _1\"></span>cantonamento <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>\u2019e<span class=\"_ _3\"></span>sercizio \u2013<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>olonna <span class=\"_ _1\"></span>Altri <span class=\"_ _3\"></span>fondi p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>rischi ed<span class=\"_ _3\"></span> oneri\u201d <span class=\"_ _c\"> </span>si<span class=\"_ _0\"></span>  r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferisce <span class=\"_ _c\"> </span>principalmente <span class=\"_ _c\"> </span>ai <span class=\"_ _211\"> </span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>ri <span class=\"_ _16\"> </span>correl<span class=\"_ _3\"></span>ati <span class=\"_ _c\"> </span>ag<span class=\"_ _0\"></span>li <span class=\"_ _c\"> </span>stanziamenti <span class=\"_ _c\"> </span>relativi <span class=\"_ _c\"> </span>alla <span class=\"_ _c\"> </span>predetta <span class=\"_ _c\"> </span>stima dell\u2019onere di remu<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>erazi<span class=\"_ _1\"></span>one variabile del personale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>dipendente.<span class=\"_ _3\"></span> Nella <span class=\"_ _1b\"> </span>so<span class=\"_ _0\"></span>tto<span class=\"_ _1\"></span>voce <span class=\"_ _1b\"> </span>\u201cC.1<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>Uti<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>zzo <span class=\"_ _1b\"> </span>nell\u2019esercizio <span class=\"_ _1b\"> </span>- <span class=\"_ _17\"> </span>colonna <span class=\"_ _1b\"> </span>Altri <span class=\"_ _1b\"> </span>fondi <span class=\"_ _17\"> </span>per <span class=\"_ _1b\"> </span>rischi <span class=\"_ _1b\"> </span>ed<span class=\"_ _0\"></span> <span class=\"_ _1b\"> </span>oneri\u201d <span class=\"_ _1b\"> </span>viene rappresentato <span class=\"_ _16\"> </span>l\u2019utilizz<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>dei <span class=\"_ _16\"> </span>fondi <span class=\"_ _16\"> </span>a<span class=\"_ _1\"></span>cc<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nati<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>periodi <span class=\"_ _1f\"> </span>precede<span class=\"_ _1\"></span>nti <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>principalmente <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rrelati <span class=\"_ _16\"> </span>a definizioni <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>personale <span class=\"_ _1\"></span>dipendente, <span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>sottovoce <span class=\"_ _1\"></span>\u201cC.3 Alt<span class=\"_ _3\"></span>re variazio<span class=\"_ _1\"></span>ni\u201d si <span class=\"_ _3\"></span>riferisce a<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ilas<span class=\"_ _1\"></span>cio nel  cont<span class=\"_ _1\"></span>o  economico <span class=\"_ _f\"> </span>consolidato <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ell\u2019e<span class=\"_ _1\"></span>sercizio <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i  fondi  in  e<span class=\"_ _1\"></span>subero  rispetto  a<span class=\"_ _1\"></span>lla  de<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne  del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e obbligazioni che <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e avevano <span class=\"_ _1\"></span>determinato l\u2019a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>canto<span class=\"_ _1\"></span>namento.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-490": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 10 \u2013 Fondi per rischi e oneri \u2013 Voce 100<span class=\"_ _1\"></span> 10.1 \u201cFondi per risch<span class=\"_ _0\"></span>i e oneri\u201d: composiz<span class=\"_ _1\"></span>ione<span class=\"_ _4a1\"> </span><table class=\"s w669 h3a8\" id=\"_a6a081ff-2d28-46e0-b143-3f3f9524de74\"><tr><td class=\"c n x1a9 y1a11 w66a h368\"><div class=\"t m2f x17f hde y17bf ff3 fs50 fc1 sc0 ls0 ws0\">Voci<span class=\"_ _0\"></span>/Va<span class=\"_ _0\"></span>lor<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x779 y1a11 w66b h368\"><div class=\"t m2f x17f hde y17bf ff3 fs50 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77a y1a11 w66c h368\"><div class=\"t m2f x17f hde y17bf ff3 fs50 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le <span class=\"_ _1\"></span>31.<span class=\"_ _0\"></span>12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a12 w66d h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> Fo<span class=\"_ _1\"></span>ndi <span class=\"_ _3\"></span>su <span class=\"_ _1\"></span>imp<span class=\"_ _3\"></span>eg<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>anzie<span class=\"_ _1\"></span> ril<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ciate<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77b y1a12 w66e h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77c y1a12 w66f h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">34<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m2f x1fd hdf y1a13 ff2 fs50 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> Fo<span class=\"_ _1\"></span>ndi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i qui<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ce<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>za<span class=\"_ _0\"></span> az<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>end<span class=\"_ _0\"></span>ali<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a14 w670 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> Alt<span class=\"_ _1\"></span>ri fo<span class=\"_ _3\"></span>ndi <span class=\"_ _1\"></span>per ris<span class=\"_ _3\"></span>chi<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>ed<span class=\"_ _0\"></span> o<span class=\"_ _3\"></span>neri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77d y1a14 w671 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>7.6<span class=\"_ _0\"></span>67<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77e y1a14 w672 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>248<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x77f y1a15 w673 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.1 con<span class=\"_ _1\"></span>tro<span class=\"_ _3\"></span>ve<span class=\"_ _0\"></span>rsi<span class=\"_ _3\"></span>e lega<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i e fis<span class=\"_ _3\"></span>ca<span class=\"_ _0\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x780 y1a15 w674 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">53<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x781 y1a15 w675 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">937<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x77f y1a16 w676 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.2 on<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>per i<span class=\"_ _3\"></span>l p<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rso<span class=\"_ _3\"></span>nal<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x782 y1a16 w671 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">27<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x783 y1a16 w677 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>11</div></td></tr><tr><td class=\"t m2f x1fd hdf y1a17 ff2 fs50 fc1 sc0 ls0 ws0\">  <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>.3 a<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>tri<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x784 y16d8 w678 h368\"><div class=\"t m2f x17f hde y18e7 ff3 fs50 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x785 y16d8 w679 h368\"><div class=\"t m2f x17f hde y18e7 ff3 fs50 fc1 sc0 ls0 ws0\">27.6<span class=\"_ _0\"></span>91<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x786 y16d8 w67a h368\"><div class=\"t m2f x17f hde y18e7 ff3 fs50 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.282<span class=\"_ _4a1\"> </span></div></td></tr></table>La voce <span class=\"_ _3\"></span>\u201c100 - <span class=\"_ _3\"></span>Fondi p<span class=\"_ _1\"></span>er <span class=\"_ _3\"></span>rischi e <span class=\"_ _3\"></span>oneri\u201d p<span class=\"_ _1\"></span>resenta <span class=\"_ _3\"></span>un <span class=\"_ _1\"></span>saldo par<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a circa <span class=\"_ _3\"></span>Euro 2<span class=\"_ _1\"></span>7,7 mi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ioni <span class=\"_ _3\"></span>(Euro 1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>milion<span class=\"_ _1\"></span>i al 31 dicembre 202<span class=\"_ _1\"></span>4). L\u2019aumento <span class=\"_ _b\"></span>della <span class=\"_ _5\"></span>voce <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>dovuto <span class=\"_ _b\"></span>principalmente <span class=\"_ _b\"></span>all\u2019accantoname<span class=\"_ _1\"></span>nto <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>componente <span class=\"_ _b\"></span>variabile <span class=\"_ _b\"></span>della remunerazione <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>pers<span class=\"_ _1\"></span>onale <span class=\"_ _0\"></span>dipende<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>degli <span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>mm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nistratori <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Gruppo<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>rilevata <span class=\"_ _0\"></span>nella <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ottovoce \u201c3.2 <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>personale\u201d <span class=\"_ _8\"></span>per <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mpo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cir<span class=\"_ _1\"></span>ca <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>27,1 <span class=\"_ _8\"></span>mi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ioni <span class=\"_ _3\"></span>(in <span class=\"_ _3\"></span>contropartita <span class=\"_ _8\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _8\"></span>voce <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>conto economico \u201c<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>0 - <span class=\"_ _3\"></span>Spese am<span class=\"_ _3\"></span>ministrative b<span class=\"_ _3\"></span>) spese <span class=\"_ _1\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>personale\u201d). Al <span class=\"_ _3\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _3\"></span>2023, tale<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sto <span class=\"_ _3\"></span>era stato rilevato nel<span class=\"_ _1\"></span>la voce pat<span class=\"_ _1\"></span>rimoniale \u201c80. Altre pa<span class=\"_ _1\"></span>ssivit\u00e0\u201d. La <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ve<span class=\"_ _1\"></span>rsa contabilizz<span class=\"_ _1\"></span>azione si <span class=\"_ _1\"></span>origina dalla circostanza <span class=\"_ _1c\"> </span>che, <span class=\"_ _21\"> </span>alla <span class=\"_ _1c\"> </span>data <span class=\"_ _1c\"> </span>di <span class=\"_ _1c\"> </span>red<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _21\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_ _1c\"> </span>presente <span class=\"_ _21\"> </span>Bilan<span class=\"_ _1\"></span>cio <span class=\"_ _1c\"> </span>conso<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>dato<span class=\"_ _1\"></span>, <span class=\"_ _21\"> </span>l\u2019impo<span class=\"_ _1\"></span>rto <span class=\"_ _1c\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a remunerazione <span class=\"_ _18\"> </span>variabile, <span class=\"_ _18\"> </span>sebbene <span class=\"_ _18\"> </span>approvato <span class=\"_ _17\"> </span>con<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>u<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>icazione <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>m<span class=\"_ _0\"></span>assi<span class=\"_ _3\"></span>ma, <span class=\"_ _18\"> </span>n<span class=\"_ _0\"></span>on <span class=\"_ _18\"> </span>pu\u00f2 considerarsi definitiv<span class=\"_ _1\"></span>o in quanto pote<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>zialme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te o<span class=\"_ _1\"></span>ggetto di suc<span class=\"_ _1\"></span>cessivi affinamenti.<span class=\"_ _1\"></span> Pertanto, <span class=\"_ _1\"></span>in linea <span class=\"_ _3\"></span>con qua<span class=\"_ _1\"></span>nto pre<span class=\"_ _1\"></span>visto dai <span class=\"_ _3\"></span>principi <span class=\"_ _3\"></span>contabili, \u00e8 <span class=\"_ _1\"></span>stata <span class=\"_ _3\"></span>effettuata la <span class=\"_ _3\"></span>miglior stima<span class=\"_ _1\"></span> del <span class=\"_ _3\"></span>costo rilevando un accant<span class=\"_ _1\"></span>onamento a \u201cFond<span class=\"_ _1\"></span>o rischi \u2013 altri<span class=\"_ _1\"></span> fondi per rischi e one<span class=\"_ _1\"></span>ri\u201d e iscrive<span class=\"_ _1\"></span>ndo le necessarie imposte anticipate s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>l valo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e accantonato,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>come i<span class=\"_ _1\"></span>n precedenza illustrat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> Per i<span class=\"_ _3\"></span> comparti <span class=\"_ _3\"></span>del f<span class=\"_ _1\"></span>ondo <span class=\"_ _1\"></span>pensione <span class=\"_ _3\"></span>aperto A<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ti <span class=\"_ _3\"></span>&amp; <span class=\"_ _1\"></span>Mes<span class=\"_ _1\"></span>tieri <span class=\"_ _1\"></span>\u201cGaranzia <span class=\"_ _3\"></span>1+\u201d ed <span class=\"_ _3\"></span>\u201cIncremento <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>aranzia <span class=\"_ _3\"></span>5+\u201d, nonch\u00e9 <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mparto <span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>L<span class=\"_ _1\"></span>inea <span class=\"_ _0\"></span>Gar<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ta\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _b\"></span>pensione <span class=\"_ _0\"></span>negoziale <span class=\"_ _0\"></span>\u201cE<span class=\"_ _0\"></span>xte<span class=\"_ _3\"></span>nso\u201d <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>icev<span class=\"_ _1\"></span>uto <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ele<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>a,<span class=\"_ _3\"></span> Anima <span class=\"_ _f\"> </span>SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>forn<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>sce <span class=\"_ _6\"></span>gar<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nzia <span class=\"_ _f\"> </span>ai <span class=\"_ _6\"></span>sottoscritto<span class=\"_ _1\"></span>ri <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>corresponsione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>imp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rto <span class=\"_ _6\"></span>minimo, <span class=\"_ _6\"></span>pari <span class=\"_ _f\"> </span>a<span class=\"_ _3\"></span> quanto sottoscritt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> dall\u2019adere<span class=\"_ _1\"></span>nte, indipende<span class=\"_ _1\"></span>ntemente dai ris<span class=\"_ _1\"></span>ultati di gestio<span class=\"_ _1\"></span>ne. Al <span class=\"_ _0\"></span>31 dicembre <span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>024, non <span class=\"_ _0\"></span>si \u00e8 <span class=\"_ _0\"></span>resa necessaria alcuna <span class=\"_ _0\"></span>inte<span class=\"_ _1\"></span>gr<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _0\"></span>a fronte della gar<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nzia <span class=\"_ _0\"></span>prevista dai com<span class=\"_ _0\"></span>pa<span class=\"_ _3\"></span>rti;  ta<span class=\"_ _1\"></span>le <span class=\"_ _f\"> </span>informazione <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>compresa <span class=\"_ _f\"> </span>nella <span class=\"_ _f\"> </span>comunicazione <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>vi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>inviata <span class=\"_ _6\"></span>a <span class=\"_ _f\"> </span>B<span class=\"_ _0\"></span>anca <span class=\"_ _f\"> </span>d\u2019Italia <span class=\"_ _f\"> </span>da Anima <span class=\"_ _0\"></span>SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> relativa <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>\u201cPatrimonio di <span class=\"_ _0\"></span>Vi<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ila<span class=\"_ _1\"></span>nza <span class=\"_ _0\"></span>e ai req<span class=\"_ _0\"></span>uisiti<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>patrimoniali a <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>upporto <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la garanzia <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> capitale offerta dai <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omparti ga<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>antiti<span class=\"_ _1\"></span> dei fondi pen<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>one gestit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>\u201d. Anima <span class=\"_ _5\"></span>SGR <span class=\"_ _b\"></span>h<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>definito <span class=\"_ _b\"></span>i <span class=\"_ _5\"></span>criteri <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>proced<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>re <span class=\"_ _5\"></span>ado<span class=\"_ _3\"></span>ttate <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>determinazione <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>impegni <span class=\"_ _5\"></span>assunt<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> nell\u2019apposita <span class=\"_ _0\"></span>pol<span class=\"_ _1\"></span>itica <span class=\"_ _0\"></span>\u201cCriteri e <span class=\"_ _0\"></span>procedure <span class=\"_ _0\"></span>per l<span class=\"_ _0\"></span>a determinazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>egli impegni <span class=\"_ _0\"></span>assunti per <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>gestione di fondi pensione ac<span class=\"_ _1\"></span>compagnati dalla <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>aranzia <span class=\"_ _1\"></span>di restituzione de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> capitale\u201d<span class=\"_ _3\"></span>. La <span class=\"_ _0\"></span>sopracitat<span class=\"_ _1\"></span>a pol<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span>ca <span class=\"_ _0\"></span>prevede ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> per <span class=\"_ _0\"></span>finalit\u00e0 di <span class=\"_ _0\"></span>bilancio e <span class=\"_ _0\"></span>di g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ione <span class=\"_ _0\"></span>del r<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hio, <span class=\"_ _0\"></span>la funzione <span class=\"_ _0\"></span>di Risk Management  determini <span class=\"_ _211\"> </span>la <span class=\"_ _211\"> </span>stima <span class=\"_ _211\"> </span>degli <span class=\"_ _211\"> </span>impegni <span class=\"_ _211\"> </span>assunti <span class=\"_ _211\"> </span>a  fron<span class=\"_ _0\"></span>te  delle  garanzie <span class=\"_ _211\"> </span>di <span class=\"_ _211\"> </span>restituzione  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> capitale <span class=\"_ _c\"> </span>rilasciate <span class=\"_ _c\"> </span>da <span class=\"_ _c\"> </span>Anima <span class=\"_ _c\"> </span>SGR<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>sulla <span class=\"_ _c\"> </span>b<span class=\"_ _0\"></span>ase <span class=\"_ _211\"> </span>di <span class=\"_ _16\"> </span>un <span class=\"_ _211\"> </span>m<span class=\"_ _0\"></span>odello, <span class=\"_ _c\"> </span>implementato <span class=\"_ _211\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iante <span class=\"_ _211\"> </span>un <span class=\"_ _c\"> </span>apposito strumento informati<span class=\"_ _1\"></span>co basato su met<span class=\"_ _1\"></span>odologie di si<span class=\"_ _3\"></span>mu<span class=\"_ _0\"></span>lazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne di tipo<span class=\"_ _1\"></span> \u201cMonte Carl<span class=\"_ _1\"></span>o\u201d. In particolare, lo strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to st<span class=\"_ _1\"></span>ima il valore della <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ara<span class=\"_ _1\"></span>nzia per ogni aderente <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on il meto<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o della <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iserva<span class=\"_ _3\"></span> prospettiva. La <span class=\"_ _0\"></span>valutazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e \u00e8 <span class=\"_ _0\"></span>implementata come <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>l valore <span class=\"_ _0\"></span>della gar<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nzia <span class=\"_ _0\"></span>ponderato <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>obabilit\u00e0 di <span class=\"_ _6\"></span>retrocedere <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>gar<span class=\"_ _0\"></span>anzia <span class=\"_ _b\"></span>stessa <span class=\"_ _5\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>\u2019orizzo<span class=\"_ _1\"></span>nte <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>iferi<span class=\"_ _1\"></span>mento. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>p<span class=\"_ _1\"></span>robabilit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>corrispondere <span class=\"_ _5\"></span>la garanzia <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>situazione <span class=\"_ _0\"></span>iniziale <span class=\"_ _0\"></span>degli <span class=\"_ _0\"></span>aderenti, <span class=\"_ _0\"></span>della <span class=\"_ _b\"></span>pr<span class=\"_ _1\"></span>obabilit\u00e0 <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>pensionamento, <span class=\"_ _0\"></span>della probabilit\u00e0 di morte o <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nvalidit\u00e0, della probabilit\u00e0 di di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>occupazione, della probabilit\u00e0 che sia r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>chiesto il <span class=\"_ _b\"></span>trasferimento <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>posizione <span class=\"_ _b\"></span>ad <span class=\"_ _b\"></span>altro <span class=\"_ _b\"></span>fondo <span class=\"_ _b\"></span>o <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ompa<span class=\"_ _1\"></span>rto,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>attese <span class=\"_ _b\"></span>circa <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>nuovi <span class=\"_ _b\"></span>ader<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li eventi che danno lu<span class=\"_ _1\"></span>ogo alla corresp<span class=\"_ _1\"></span>onsione della ga<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>anzia pre<span class=\"_ _1\"></span>visti dai regolament<span class=\"_ _1\"></span>i dei fondi.<span class=\"_ _4a1\"> </span>Per <span class=\"_ _5\"></span>ciascuno <span class=\"_ _6\"></span>scenari<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>di <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>iscatto, <span class=\"_ _b\"></span>l\u2019<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>plicativo <span class=\"_ _5\"></span>provvede <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>simulare <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>elevato <span class=\"_ _b\"></span>numero <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>scenari <span class=\"_ _5\"></span>di possibili <span class=\"_ _c\"> </span>valori <span class=\"_ _c\"> </span>della <span class=\"_ _211\"> </span>q<span class=\"_ _0\"></span>uota <span class=\"_ _211\"> </span>del <span class=\"_ _c\"> </span>fondo <span class=\"_ _c\"> </span>(comunque <span class=\"_ _211\"> </span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _c\"> </span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>feriore <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>n\u00b0 <span class=\"_ _c\"> </span>50.000), <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>fine <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olare<span class=\"_ _3\"></span> l\u2019eventuale <span class=\"_ _c\"> </span>importo <span class=\"_ _c\"> </span>che <span class=\"_ _16\"> </span>la <span class=\"_ _c\"> </span>Societ\u00e0 <span class=\"_ _c\"> </span>sarebbe <span class=\"_ _16\"> </span>te<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>a <span class=\"_ _c\"> </span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>re <span class=\"_ _16\"> </span>all\u2019aderente.<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>Ciascuno <span class=\"_ _16\"> </span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ena<span class=\"_ _1\"></span>rio <span class=\"_ _16\"> </span>\u00e8 simulato <span class=\"_ _b\"></span>te<span class=\"_ _1\"></span>nendo <span class=\"_ _b\"></span>conto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>iniziale <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _0\"></span>quota <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _b\"></span>o <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>asse<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>sua <span class=\"_ _0\"></span>evoluzione futura, de<span class=\"_ _1\"></span>scritta <span class=\"_ _1\"></span>da u<span class=\"_ _1\"></span>n Moto <span class=\"_ _3\"></span>Geom<span class=\"_ _0\"></span>et<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>co Br<span class=\"_ _1\"></span>owniano <span class=\"_ _3\"></span>parametrizzato <span class=\"_ _1\"></span>con re<span class=\"_ _1\"></span>ndimento e<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>olatilit\u00e0 atte<span class=\"_ _1\"></span>si del portafoglio del f<span class=\"_ _1\"></span>ondo. Una <span class=\"_ _6\"></span>vo<span class=\"_ _0\"></span>lta <span class=\"_ _5\"></span>calcolata <span class=\"_ _f\"> </span>la <span class=\"_ _6\"></span>distribuzione<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>possi<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ili<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>perdite <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ll<span class=\"_ _1\"></span>\u2019orizzonte <span class=\"_ _6\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>riferimento, <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _5\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ato <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>l 99,5-esimo peggi<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span> pe<span class=\"_ _3\"></span>rc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tile pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> dete<span class=\"_ _1\"></span>rminare l\u2019impegno della S<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet\u00e0 a <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ronte del <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> in anal<span class=\"_ _1\"></span>isi. Dato  l\u2019orizz<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nte  t<span class=\"_ _1\"></span>emporale <span class=\"_ _f\"> </span>annuale  e  t<span class=\"_ _1\"></span>enuto  c<span class=\"_ _1\"></span>onto  delle  p<span class=\"_ _1\"></span>rassi <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabili  p<span class=\"_ _1\"></span>er  le  p<span class=\"_ _1\"></span>assivit\u00e0  c<span class=\"_ _1\"></span>he  non<span class=\"_ _1\"></span> superano i 12 mesi, <span class=\"_ _1\"></span>il valore degli impeg<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>cos\u00ec stim<span class=\"_ _1\"></span>ato non \u00e8 attualizza<span class=\"_ _1\"></span>to. Al <span class=\"_ _b\"></span>31 <span class=\"_ _b\"></span>dice<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bre <span class=\"_ _0\"></span>2024 <span class=\"_ _b\"></span>l\u2019impe<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>cos\u00ec <span class=\"_ _0\"></span>deter<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nato <span class=\"_ _0\"></span>risulta <span class=\"_ _b\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>irca<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>24 <span class=\"_ _0\"></span>mila, <span class=\"_ _0\"></span>importo <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>viene evidenziato <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>\u201c1. <span class=\"_ _f\"> </span>F<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ndi <span class=\"_ _6\"></span>su <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>peg<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>g<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>an<span class=\"_ _0\"></span>zie <span class=\"_ _6\"></span>rilasciate\u201d <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>sopra <span class=\"_ _6\"></span>evidenziata <span class=\"_ _6\"></span>tabella <span class=\"_ _6\"></span>di com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>osizione del Fondo pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> rischi e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span> oneri.<span class=\"_ _1\"></span> Infine, <span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>sottovoce <span class=\"_ _5\"></span>\u201c3.1 <span class=\"_ _5\"></span>controversie <span class=\"_ _5\"></span>legali <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>fiscali\u201d, <span class=\"_ _5\"></span>valorizzata <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>circ<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>0,5 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>ilio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i, <span class=\"_ _5\"></span>accoglie accantonamenti p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>vertenze var<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>e, <span class=\"_ _3\"></span>com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ren<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ive d<span class=\"_ _1\"></span>elle cor<span class=\"_ _1\"></span>relate spe<span class=\"_ _1\"></span>se di <span class=\"_ _3\"></span>consulenza le<span class=\"_ _3\"></span>gale e/o <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ale. Non <span class=\"_ _3\"></span>sono <span class=\"_ _1\"></span>stati <span class=\"_ _3\"></span>previst<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>accantonamenti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>cause <span class=\"_ _3\"></span>nelle <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>li<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>chiamate <span class=\"_ _3\"></span>come<span class=\"_ _1\"></span> corresponsabile <span class=\"_ _5\"></span>ma <span class=\"_ _5\"></span>che, <span class=\"_ _5\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>base <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>sentenze <span class=\"_ _5\"></span>pregresse <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>stes<span class=\"_ _1\"></span>sa <span class=\"_ _5\"></span>tipologia <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>contenzioso <span class=\"_ _5\"></span>ovvero all\u2019opinione di co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sulenti te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>zi, si r<span class=\"_ _1\"></span>itiene non comp<span class=\"_ _1\"></span>orteranno oneri.<span class=\"_ _4a1\"> </span><span class=\"_ _3\"></span> 10.2 \u201cFondi di quiescenza aziendali\u201d ed \u201cAltri fondi<span class=\"_ _0\"></span> per rischi e oner<span class=\"_ _0\"></span>i\u201d<span class=\"_ _3\"></span>:<span class=\"_ _0\"></span> variazioni<span class=\"_ _1\"></span> annue<table class=\"s w67b h3a9\" id=\"_0b956edb-60c0-4af1-8924-46042db483b4\"><tr><td></td><td class=\"c n x703 y1a19 w67c h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">Fo<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>i di<span class=\"_ _0\"></span> quiescenza<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x787 y1a19 w67d h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">Alt<span class=\"_ _0\"></span>ri fo<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span> per rischi ed o<span class=\"_ _0\"></span>neri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x788 y1a19 w67e h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">Total<span class=\"_ _0\"></span>e 31.12<span class=\"_ _0\"></span>.2024<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1a w67f h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">A. Esis<span class=\"_ _1\"></span>ten<span class=\"_ _0\"></span>ze in<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>li<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x789 y1a1a w680 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">1.248<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x78a y1a1a w680 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">1.248<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1b w681 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">B. Aumenti<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x78b y1a1b w682 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">27.474<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x78c y1a1b w683 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">27.47<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1d w684 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">B.1<span class=\"_ _0\"></span>  <span class=\"_ _3\"></span>Ac<span class=\"_ _0\"></span>canto<span class=\"_ _3\"></span>name<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span> dell'eserci<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x78d y1a1d w685 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">27.46<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x78e y1a1d w685 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">27.46<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1e w686 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">B.2<span class=\"_ _0\"></span>  <span class=\"_ _3\"></span>Va<span class=\"_ _0\"></span>riaz<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i dovu<span class=\"_ _1\"></span>te al p<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>re del t<span class=\"_ _1\"></span>empo<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x78f y1a1e w687 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1f w688 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">B.1<span class=\"_ _0\"></span> Variazion<span class=\"_ _3\"></span>i dovut<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a modifich<span class=\"_ _1\"></span>e de<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> tass<span class=\"_ _3\"></span>o di <span class=\"_ _3\"></span>scon<span class=\"_ _1\"></span>to<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x790 y1a1f w689 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x791 y1a1f w689 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a20 w68a h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">B.1<span class=\"_ _0\"></span> Al<span class=\"_ _3\"></span>tre va<span class=\"_ _0\"></span>riaz<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x78f y1a20 w687 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a21 w68b h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">C. Diminu<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x792 y1a21 w680 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">1.055<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x793 y1a21 w680 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">1.055<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a22 w68c h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>1  U<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>zzo dell'es<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>cizi<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x794 y1a22 w68d h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">398<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x795 y1a22 w68d h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">398<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1f x2ed he2 y1a23 ff2 fs51 fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>2  Variaz<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i dovu<span class=\"_ _1\"></span>te a modific<span class=\"_ _1\"></span>he del t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> sco<span class=\"_ _3\"></span>nto<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a24 w68e h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>3  Al<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e var<span class=\"_ _0\"></span>iazio<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x796 y1a24 w68d h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">657<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x797 y1a24 w68f h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">65<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w690 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">D.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Rimanen<span class=\"_ _0\"></span>ze <span class=\"_ _1\"></span>fi<span class=\"_ _0\"></span>nali<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x798 y16d8 w691 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">27.667<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79a y16d8 w692 h344\"><div class=\"t m1f x799 he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">27.667<span class=\"_ _177\"></span>   <span class=\"_ _3\"></span>    <span class=\"_ _1\"></span>   <span class=\"_ _3\"></span>   <span class=\"_ _3\"></span>    <span class=\"_ _1\"></span>   <span class=\"_ _3\"></span>    <span class=\"_ _1\"></span>   <span class=\"_ _3\"></span>    <span class=\"_ _1\"></span>   <span class=\"_ _3\"></span>   <span class=\"_ _3\"></span> </div></td></tr></table><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs786\">Il val<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>indicato <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>sottovoce \u201c<span class=\"_ _3\"></span>B.1 Ac<span class=\"_ _1\"></span>cantonamento <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>\u2019e<span class=\"_ _3\"></span>sercizio \u2013<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>olonna <span class=\"_ _1\"></span>Altri <span class=\"_ _3\"></span>fondi p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>rischi ed<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs787\">oneri\u201d <span class=\"_ _c\"> </span>si<span class=\"_ _0\"></span>  r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferisce <span class=\"_ _c\"> </span>principalmente <span class=\"_ _c\"> </span>ai <span class=\"_ _211\"> </span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>ri <span class=\"_ _16\"> </span>correl<span class=\"_ _3\"></span>ati <span class=\"_ _c\"> </span>ag<span class=\"_ _0\"></span>li <span class=\"_ _c\"> </span>stanziamenti <span class=\"_ _c\"> </span>relativi <span class=\"_ _c\"> </span>alla <span class=\"_ _c\"> </span>predetta <span class=\"_ _c\"> </span>stima </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs788\">dell\u2019onere di remu<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>erazi<span class=\"_ _1\"></span>one variabile del personale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>dipendente.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs789\">Nella <span class=\"_ _1b\"> </span>so<span class=\"_ _0\"></span>tto<span class=\"_ _1\"></span>voce <span class=\"_ _1b\"> </span>\u201cC.1<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>Uti<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>zzo <span class=\"_ _1b\"> </span>nell\u2019esercizio <span class=\"_ _1b\"> </span>- <span class=\"_ _17\"> </span>colonna <span class=\"_ _1b\"> </span>Altri <span class=\"_ _1b\"> </span>fondi <span class=\"_ _17\"> </span>per <span class=\"_ _1b\"> </span>rischi <span class=\"_ _1b\"> </span>ed<span class=\"_ _0\"></span> <span class=\"_ _1b\"> </span>oneri\u201d <span class=\"_ _1b\"> </span>viene </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs78a\">rappresentato <span class=\"_ _16\"> </span>l\u2019utilizz<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>dei <span class=\"_ _16\"> </span>fondi <span class=\"_ _16\"> </span>a<span class=\"_ _1\"></span>cc<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nati<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>periodi <span class=\"_ _1f\"> </span>precede<span class=\"_ _1\"></span>nti <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>principalmente <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rrelati <span class=\"_ _16\"> </span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs78b\">definizioni <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>personale <span class=\"_ _1\"></span>dipendente, <span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>sottovoce <span class=\"_ _1\"></span>\u201cC.3 Alt<span class=\"_ _3\"></span>re variazio<span class=\"_ _1\"></span>ni\u201d si <span class=\"_ _3\"></span>riferisce a<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ilas<span class=\"_ _1\"></span>cio </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs78c\">nel  cont<span class=\"_ _1\"></span>o  economico <span class=\"_ _f\"> </span>consolidato <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ell\u2019e<span class=\"_ _1\"></span>sercizio <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i  fondi  in  e<span class=\"_ _1\"></span>subero  rispetto  a<span class=\"_ _1\"></span>lla  de<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne  del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs78d\">obbligazioni che <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e avevano <span class=\"_ _1\"></span>determinato l\u2019a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>canto<span class=\"_ _1\"></span>namento.<span class=\"_ _4a1\"> </span></div>1.1 Informazioni re<span class=\"_ _1\"></span>lative agli i<span class=\"_ _1\"></span>mpegni, garanzi<span class=\"_ _1\"></span>e e b<span class=\"_ _1\"></span>eni di terzi  1.1.1 Impegni e gar<span class=\"_ _1\"></span>anzie rilasciate a terzi (dive<span class=\"_ _1\"></span>rse da q<span class=\"_ _3\"></span>uelle indicate nelle altre sezion<span class=\"_ _1\"></span>i) Si ricorda che, per le operazioni di acq<span class=\"_ _1\"></span>uisizione effe<span class=\"_ _1\"></span>ttuate nel corso del 2017 e del 2018 con il Gruppo Banco <span class=\"_ _211\"> </span>BPM <span class=\"_ _c\"> </span>e  con <span class=\"_ _211\"> </span>i<span class=\"_ _0\"></span>l  Gruppo  Po<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>, <span class=\"_ _c\"> </span>gli <span class=\"_ _211\"> </span>accordi  definiti <span class=\"_ _211\"> </span>(cos\u00ec <span class=\"_ _211\"> </span>come <span class=\"_ _c\"> </span>integrati/m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>difi<span class=\"_ _1\"></span>cati <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>a  quanto sottoscritto <span class=\"_ _f\"> </span>nel <span class=\"_ _f\"> </span>corso <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l  20<span class=\"_ _1\"></span>20)  p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>vedono, <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>linea <span class=\"_ _f\"> </span>co<span class=\"_ _0\"></span>n <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>prassi <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>operazioni <span class=\"_ _f\"> </span>analoghe, <span class=\"_ _f\"> </span>specifici meccanismi di protezione e <span class=\"_ _1\"></span>garanzia (ad esempi<span class=\"_ _1\"></span>o meccanismi di aggiustame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to prezzo<span class=\"_ _1\"></span>, meccanismi di<span class=\"_ _1\"></span> earn-in <span class=\"_ _0\"></span>/ <span class=\"_ _b\"></span>earn-out, <span class=\"_ _b\"></span><span class=\"ff2\">mantenimento <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>determinati <span class=\"_ _b\"></span>liv<span class=\"_ _3\"></span>el<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ote <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>mercato <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>parte <span class=\"_ _b\"></span>delle <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>oparti<span class=\"_ _1\"></span> </span>dei <span class=\"_ _211\"> </span>prodotti  gestiti  d<span class=\"_ _0\"></span>al  Gruppo,<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span>meccanismi  d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>verifica  dell<span class=\"_ _0\"></span>a  perfor<span class=\"_ _1\"></span>mance <span class=\"_ _211\"> </span>dei <span class=\"_ _211\"> </span>prodotti  gestiti  dal Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o e rimedi in caso di <span class=\"ff5\">und<span class=\"_ _1\"></span>erperforman<span class=\"_ _1\"></span>ce<span class=\"ff2\"> degli stessi</span>)<span class=\"ff2\">. </span></span>Per <span class=\"_ _f\"> </span>maggiori<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>dettagli, <span class=\"_ _6\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>rimanda <span class=\"_ _f\"> </span>al <span class=\"_ _6\"></span>Capitolo <span class=\"_ _f\"> </span>XXII <span class=\"_ _6\"></span>del <span class=\"_ _f\"> </span>Prospetto <span class=\"_ _f\"> </span>In<span class=\"_ _1\"></span>formativo <span class=\"_ _f\"> </span>pu<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>blicato<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>23 marzo <span class=\"_ _211\"> </span>2<span class=\"_ _0\"></span>018  r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _c\"> </span>all\u2019aument<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>di <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _c\"> </span>e <span class=\"_ _211\"> </span>ai <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>ocumenti<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>informativi <span class=\"_ _211\"> </span>relativi <span class=\"_ _c\"> </span>ad <span class=\"_ _c\"> </span>operazioni <span class=\"_ _211\"> </span>di maggiore <span class=\"_ _6\"></span>rilev<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nza <span class=\"_ _f\"> </span>con <span class=\"_ _6\"></span>parti <span class=\"_ _6\"></span>correlate <span class=\"_ _f\"></span>pu<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>blicate <span class=\"_ _5\"></span>in <span class=\"_ _f\"> </span>data <span class=\"_ _5\"></span>7 <span class=\"_ _f\"> </span>aprile <span class=\"_ _6\"></span>2020 <span class=\"_ _f\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>data <span class=\"_ _f\"> </span>2<span class=\"_ _1\"></span>1 <span class=\"_ _f\"> </span>ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>020,<span class=\"_ _1\"></span> disponibili sul sito <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella So<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0. Si segnala, inolt<span class=\"_ _1\"></span>re, che il Gruppo a<span class=\"_ _1\"></span>l 31 dicembre 20<span class=\"_ _1\"></span>24 ha sottoscritto i se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>nti impegni: <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">FIA chiuso AA<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>gestito <span class=\"_ _1\"></span>da Anima Alte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>nati<span class=\"_ _1\"></span>ve: impo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to sotto<span class=\"_ _3\"></span>scri<span class=\"_ _0\"></span>tto<span class=\"_ _3\"></span> Euro 15 milio<span class=\"_ _1\"></span>ni, di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ui s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no </span></span>stati richiamati complessivame<span class=\"_ _1\"></span>nte circ<span class=\"_ _0\"></span>a E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ro 13 mi<span class=\"_ _1\"></span>lioni e pertanto r<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>iduano impegni totali di circa Euro 2 milioni<span class=\"_ _3\"></span>; <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">FIA <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>hius<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>AA2, <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>Anima <span class=\"_ _6\"></span>Alternative<span class=\"_ _1\"></span>: <span class=\"_ _6\"></span>importo <span class=\"_ _5\"></span>sottoscritto <span class=\"_ _5\"></span>Euro <span class=\"_ _6\"></span>10,3 <span class=\"_ _5\"></span>milioni, <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>cui </span></span>sono <span class=\"_ _6\"></span>stati<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>richiamati <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>lessivamente <span class=\"_ _5\"></span>circa <span class=\"_ _5\"></span>Euro <span class=\"_ _5\"></span>3,8 <span class=\"_ _6\"></span>mili<span class=\"_ _1\"></span>oni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>tanto <span class=\"_ _5\"></span>residuano <span class=\"_ _5\"></span>impegni totali di circa Euro 6,<span class=\"_ _1\"></span>6 milioni; <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">FIA Immobiliare G<span class=\"_ _1\"></span>EM Fund, gest<span class=\"_ _1\"></span>ito da Castello SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>: impo<span class=\"_ _1\"></span>rto sottoscritto Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o 10,5 <span class=\"_ _1\"></span>milioni, di<span class=\"_ _1\"></span> </span></span>cui so<span class=\"_ _1\"></span>no st<span class=\"_ _1\"></span>ati <span class=\"_ _3\"></span>richiamati <span class=\"_ _3\"></span>complessivamente <span class=\"_ _3\"></span>circa E<span class=\"_ _3\"></span>uro 7,<span class=\"_ _1\"></span>4 m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>oni e<span class=\"_ _3\"></span> pertanto <span class=\"_ _3\"></span>residuano <span class=\"_ _3\"></span>impegni totali di circa Euro 3,<span class=\"_ _1\"></span>1 milioni; <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">HIIP <span class=\"_ _b\"></span>Sicaf <span class=\"_ _b\"></span>S.p.A., <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _b\"></span>gestita <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>C<span class=\"_ _0\"></span>astello <span class=\"_ _b\"></span>SG<span class=\"_ _1\"></span>R: <span class=\"_ _b\"></span>importo <span class=\"_ _b\"></span>complessivo <span class=\"_ _b\"></span>impeg<span class=\"_ _1\"></span>nato <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>rca <span class=\"_ _b\"></span>E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro </span></span>5,1 <span class=\"_ _f\"> </span>milioni, <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>cui  s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>stati <span class=\"_ _f\"> </span>richiamati <span class=\"_ _6\"></span>complessiv<span class=\"_ _1\"></span>amente <span class=\"_ _f\"> </span>circa <span class=\"_ _f\"> </span>Euro <span class=\"_ _6\"></span>2,4 <span class=\"_ _f\"> </span>milioni <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>pertant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> residuano impe<span class=\"_ _1\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>compless<span class=\"_ _3\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> per circa Euro 2,7 <span class=\"_ _3\"></span>milioni; <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">FIA c<span class=\"_ _0\"></span>hiuso <span class=\"_ _0\"></span>Kair<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>s Ventures <span class=\"_ _0\"></span>ESG <span class=\"_ _0\"></span>O<span class=\"_ _1\"></span>ne, <span class=\"_ _0\"></span>gestito d<span class=\"_ _0\"></span>a Kairos <span class=\"_ _0\"></span>SGR: <span class=\"_ _0\"></span>imp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>complessivo <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>pegnat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> </span></span>Euro <span class=\"_ _b\"></span>100 <span class=\"_ _b\"></span>migli<span class=\"_ _0\"></span>aia, <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>cui <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>stati <span class=\"_ _b\"></span>richiamati <span class=\"_ _b\"></span>Euro<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>36 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>igliaia <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>pertanto <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>uano<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>impegni pari a Euro 64 mi<span class=\"_ _1\"></span>gliaia;  <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Castello <span class=\"_ _c\"> </span>SGR ha <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>esse<span class=\"_ _1\"></span>re <span class=\"_ _c\"> </span>im<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>un <span class=\"_ _c\"> </span>impor<span class=\"_ _1\"></span>to <span class=\"_ _c\"> </span>complessivo <span class=\"_ _c\"> </span>di <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>ir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a <span class=\"_ _211\"> </span>E<span class=\"_ _0\"></span>ur<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9 <span class=\"_ _c\"> </span>milioni, </span></span>costituiti <span class=\"_ _e\"> </span>principalmente <span class=\"_ _e\"> </span>da <span class=\"_ _e\"> </span>liquidit\u00e0 <span class=\"_ _e\"> </span>depositat<span class=\"_ _1\"></span>a <span class=\"_ _e\"> </span>su <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>/c <span class=\"_ _e\"> </span>intestati <span class=\"_ _d\"> </span>alla <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>ontrollata<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>ma <span class=\"_ _e\"> </span>di<span class=\"_ _4a1\"> </span> pertinenza <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>16 <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndi <span class=\"_ _6\"></span>liquidati, <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ncolata <span class=\"_ _5\"></span>pr<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>depositari<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>sino <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>completamento <span class=\"_ _5\"></span>del processo di liquidazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne degl<span class=\"_ _1\"></span>i stessi.  Infine, <span class=\"_ _f\"> </span>si <span class=\"_ _6\"></span>segnala <span class=\"_ _6\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>icemb<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>2024 <span class=\"_ _6\"></span>(i) <span class=\"_ _f\"> </span>la <span class=\"_ _6\"></span>Societ\u00e0 <span class=\"_ _5\"></span>h<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>ri<span class=\"_ _0\"></span>le<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ato <span class=\"_ _6\"></span>una <span class=\"_ _f\"></span>f<span class=\"_ _1\"></span>idejussione <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>Euro <span class=\"_ _6\"></span>0,575 milioni, <span class=\"_ _5\"></span>rilasciata<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>proprietario <span class=\"_ _b\"></span>dell\u2019immobile <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>Corso <span class=\"_ _b\"></span>G<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>baldi <span class=\"_ _b\"></span>99 <span class=\"_ _5\"></span>\u2013 <span class=\"_ _5\"></span>Milano <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>(ii) <span class=\"_ _b\"></span>Castello <span class=\"_ _5\"></span>SGR <span class=\"_ _b\"></span>ha rilevato <span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>idej<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ssi<span class=\"_ _1\"></span>oni <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>un <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lore <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omplessiv<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>155 <span class=\"_ _b\"></span>milioni, <span class=\"_ _0\"></span>rilasciate <span class=\"_ _b\"></span>ai<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>proprietari degli immobili della se<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e d<span class=\"_ _1\"></span>i Milano e Roma, tutte <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rr<span class=\"_ _0\"></span>elate a<span class=\"_ _1\"></span>i contratti <span class=\"_ _1\"></span>di locazione in essere<span class=\"_ _3\"></span>.<span class=\"fs7\"> </span>1.1.2 Impegni relativi ai<span class=\"_ _1\"></span> fondi pensione g<span class=\"_ _3\"></span>est<span class=\"_ _0\"></span>iti con g<span class=\"_ _1\"></span>aranzia di r<span class=\"_ _1\"></span>estituzione del capitale<span class=\"_ _3\"></span> Si <span class=\"_ _1f\"> </span>co<span class=\"_ _0\"></span>nferma <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>he, <span class=\"_ _1f\"> </span>per <span class=\"_ _1f\"> </span>i <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mparti <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _1f\"> </span>fondo <span class=\"_ _15\"> </span>pensione <span class=\"_ _1f\"> </span>aperto <span class=\"_ _15\"> </span>Arti <span class=\"_ _1f\"> </span>&amp; <span class=\"_ _1f\"> </span>Mestieri <span class=\"_ _15\"> </span>\u201cG<span class=\"_ _0\"></span>ara<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>zia <span class=\"_ _16\"> </span>1<span class=\"_ _0\"></span>+\u201d <span class=\"_ _1f\"> </span>ed \u201cIncremento <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>Gar<span class=\"_ _0\"></span>anzia <span class=\"_ _0\"></span>5+\u201d, <span class=\"_ _b\"></span>nonch\u00e9 <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>compar<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>\u201cLinea <span class=\"_ _b\"></span>Garantita\u201d <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndo <span class=\"_ _b\"></span>pensione <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>oziale<span class=\"_ _1\"></span> \u201cExtenso\u201d  ricevuto  in<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>delega,  la  cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollata  Anim<span class=\"_ _1\"></span>a  SGR  fornisce  gara<span class=\"_ _1\"></span>nzia  ai  sottoscrittori <span class=\"_ _f\"> </span>ci<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ca  la corresponsione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mpo<span class=\"_ _1\"></span>rto m<span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mo, <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>quanto <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ttos<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritto <span class=\"_ _3\"></span>dall\u2019aderente, <span class=\"_ _3\"></span>indipendenteme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>dai<span class=\"_ _1\"></span> risultati di gestione<span class=\"_ _1\"></span>. Si <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>imanda <span class=\"_ _b\"></span>a <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>illustrato <span class=\"_ _b\"></span>nella <span class=\"_ _5\"></span>\u201cParte <span class=\"_ _5\"></span>B <span class=\"_ _b\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>Informazioni <span class=\"_ _b\"></span>sullo <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>Patrimoniale <span class=\"_ _b\"></span>\u2013 <span class=\"_ _5\"></span>Sezione <span class=\"_ _b\"></span>1<span class=\"_ _0\"></span>0 <span class=\"_ _b\"></span>\u2013 Fondi per rischi e o<span class=\"_ _1\"></span>neri \u2013 Voce 100\u201d della pre<span class=\"_ _3\"></span>sen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>No<span class=\"_ _0\"></span>ta inte<span class=\"_ _1\"></span>grativa consolidata<span class=\"_ _1\"></span> per maggio<span class=\"_ _1\"></span>ri dettagli.<span class=\"_ _1\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-37": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 10 \u2013 Fondi per rischi e oneri \u2013 Voce 100<span class=\"_ _1\"></span> 10.1 \u201cFondi per risch<span class=\"_ _0\"></span>i e oneri\u201d: composiz<span class=\"_ _1\"></span>ione<span class=\"_ _4a1\"> </span><table class=\"s w669 h3a8\" id=\"_a6a081ff-2d28-46e0-b143-3f3f9524de74\"><tr><td class=\"c n x1a9 y1a11 w66a h368\"><div class=\"t m2f x17f hde y17bf ff3 fs50 fc1 sc0 ls0 ws0\">Voci<span class=\"_ _0\"></span>/Va<span class=\"_ _0\"></span>lor<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x779 y1a11 w66b h368\"><div class=\"t m2f x17f hde y17bf ff3 fs50 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77a y1a11 w66c h368\"><div class=\"t m2f x17f hde y17bf ff3 fs50 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le <span class=\"_ _1\"></span>31.<span class=\"_ _0\"></span>12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a12 w66d h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> Fo<span class=\"_ _1\"></span>ndi <span class=\"_ _3\"></span>su <span class=\"_ _1\"></span>imp<span class=\"_ _3\"></span>eg<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>anzie<span class=\"_ _1\"></span> ril<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ciate<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77b y1a12 w66e h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77c y1a12 w66f h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">34<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m2f x1fd hdf y1a13 ff2 fs50 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> Fo<span class=\"_ _1\"></span>ndi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i qui<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ce<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>za<span class=\"_ _0\"></span> az<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>end<span class=\"_ _0\"></span>ali<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a14 w670 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> Alt<span class=\"_ _1\"></span>ri fo<span class=\"_ _3\"></span>ndi <span class=\"_ _1\"></span>per ris<span class=\"_ _3\"></span>chi<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>ed<span class=\"_ _0\"></span> o<span class=\"_ _3\"></span>neri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77d y1a14 w671 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>7.6<span class=\"_ _0\"></span>67<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x77e y1a14 w672 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>248<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x77f y1a15 w673 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.1 con<span class=\"_ _1\"></span>tro<span class=\"_ _3\"></span>ve<span class=\"_ _0\"></span>rsi<span class=\"_ _3\"></span>e lega<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i e fis<span class=\"_ _3\"></span>ca<span class=\"_ _0\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x780 y1a15 w674 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">53<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x781 y1a15 w675 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">937<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x77f y1a16 w676 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.2 on<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>per i<span class=\"_ _3\"></span>l p<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rso<span class=\"_ _3\"></span>nal<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x782 y1a16 w671 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">27<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x783 y1a16 w677 h369\"><div class=\"t m2f x17f hdf y19f9 ff2 fs50 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>11</div></td></tr><tr><td class=\"t m2f x1fd hdf y1a17 ff2 fs50 fc1 sc0 ls0 ws0\">  <span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>.3 a<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>tri<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x784 y16d8 w678 h368\"><div class=\"t m2f x17f hde y18e7 ff3 fs50 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x785 y16d8 w679 h368\"><div class=\"t m2f x17f hde y18e7 ff3 fs50 fc1 sc0 ls0 ws0\">27.6<span class=\"_ _0\"></span>91<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x786 y16d8 w67a h368\"><div class=\"t m2f x17f hde y18e7 ff3 fs50 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.282<span class=\"_ _4a1\"> </span></div></td></tr></table>La voce <span class=\"_ _3\"></span>\u201c100 - <span class=\"_ _3\"></span>Fondi p<span class=\"_ _1\"></span>er <span class=\"_ _3\"></span>rischi e <span class=\"_ _3\"></span>oneri\u201d p<span class=\"_ _1\"></span>resenta <span class=\"_ _3\"></span>un <span class=\"_ _1\"></span>saldo par<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a circa <span class=\"_ _3\"></span>Euro 2<span class=\"_ _1\"></span>7,7 mi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ioni <span class=\"_ _3\"></span>(Euro 1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>milion<span class=\"_ _1\"></span>i al 31 dicembre 202<span class=\"_ _1\"></span>4). L\u2019aumento <span class=\"_ _b\"></span>della <span class=\"_ _5\"></span>voce <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _5\"></span>dovuto <span class=\"_ _b\"></span>principalmente <span class=\"_ _b\"></span>all\u2019accantoname<span class=\"_ _1\"></span>nto <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>componente <span class=\"_ _b\"></span>variabile <span class=\"_ _b\"></span>della remunerazione <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>pers<span class=\"_ _1\"></span>onale <span class=\"_ _0\"></span>dipende<span class=\"_ _1\"></span>nte <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>degli <span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>mm<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nistratori <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Gruppo<span class=\"_ _1\"></span>, <span class=\"_ _0\"></span>rilevata <span class=\"_ _0\"></span>nella <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ottovoce \u201c3.2 <span class=\"_ _3\"></span>oneri <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>personale\u201d <span class=\"_ _8\"></span>per <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mpo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>cir<span class=\"_ _1\"></span>ca <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>27,1 <span class=\"_ _8\"></span>mi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ioni <span class=\"_ _3\"></span>(in <span class=\"_ _3\"></span>contropartita <span class=\"_ _8\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _8\"></span>voce <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>conto economico \u201c<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>0 - <span class=\"_ _3\"></span>Spese am<span class=\"_ _3\"></span>ministrative b<span class=\"_ _3\"></span>) spese <span class=\"_ _1\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>personale\u201d). Al <span class=\"_ _3\"></span>31 <span class=\"_ _1\"></span>dicembre <span class=\"_ _3\"></span>2023, tale<span class=\"_ _1\"></span> c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sto <span class=\"_ _3\"></span>era stato rilevato nel<span class=\"_ _1\"></span>la voce pat<span class=\"_ _1\"></span>rimoniale \u201c80. Altre pa<span class=\"_ _1\"></span>ssivit\u00e0\u201d. La <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>ve<span class=\"_ _1\"></span>rsa contabilizz<span class=\"_ _1\"></span>azione si <span class=\"_ _1\"></span>origina dalla circostanza <span class=\"_ _1c\"> </span>che, <span class=\"_ _21\"> </span>alla <span class=\"_ _1c\"> </span>data <span class=\"_ _1c\"> </span>di <span class=\"_ _1c\"> </span>red<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _21\"> </span>de<span class=\"_ _1\"></span>l <span class=\"_ _1c\"> </span>presente <span class=\"_ _21\"> </span>Bilan<span class=\"_ _1\"></span>cio <span class=\"_ _1c\"> </span>conso<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>dato<span class=\"_ _1\"></span>, <span class=\"_ _21\"> </span>l\u2019impo<span class=\"_ _1\"></span>rto <span class=\"_ _1c\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a remunerazione <span class=\"_ _18\"> </span>variabile, <span class=\"_ _18\"> </span>sebbene <span class=\"_ _18\"> </span>approvato <span class=\"_ _17\"> </span>con<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>u<span class=\"_ _0\"></span>na<span class=\"_ _3\"></span> <span class=\"_ _1d\"> </span>qu<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nti<span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>icazione <span class=\"_ _18\"> </span>di <span class=\"_ _18\"> </span>m<span class=\"_ _0\"></span>assi<span class=\"_ _3\"></span>ma, <span class=\"_ _18\"> </span>n<span class=\"_ _0\"></span>on <span class=\"_ _18\"> </span>pu\u00f2 considerarsi definitiv<span class=\"_ _1\"></span>o in quanto pote<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>zialme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te o<span class=\"_ _1\"></span>ggetto di suc<span class=\"_ _1\"></span>cessivi affinamenti.<span class=\"_ _1\"></span> Pertanto, <span class=\"_ _1\"></span>in linea <span class=\"_ _3\"></span>con qua<span class=\"_ _1\"></span>nto pre<span class=\"_ _1\"></span>visto dai <span class=\"_ _3\"></span>principi <span class=\"_ _3\"></span>contabili, \u00e8 <span class=\"_ _1\"></span>stata <span class=\"_ _3\"></span>effettuata la <span class=\"_ _3\"></span>miglior stima<span class=\"_ _1\"></span> del <span class=\"_ _3\"></span>costo rilevando un accant<span class=\"_ _1\"></span>onamento a \u201cFond<span class=\"_ _1\"></span>o rischi \u2013 altri<span class=\"_ _1\"></span> fondi per rischi e one<span class=\"_ _1\"></span>ri\u201d e iscrive<span class=\"_ _1\"></span>ndo le necessarie imposte anticipate s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>l valo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e accantonato,<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>come i<span class=\"_ _1\"></span>n precedenza illustrat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> Per i<span class=\"_ _3\"></span> comparti <span class=\"_ _3\"></span>del f<span class=\"_ _1\"></span>ondo <span class=\"_ _1\"></span>pensione <span class=\"_ _3\"></span>aperto A<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ti <span class=\"_ _3\"></span>&amp; <span class=\"_ _1\"></span>Mes<span class=\"_ _1\"></span>tieri <span class=\"_ _1\"></span>\u201cGaranzia <span class=\"_ _3\"></span>1+\u201d ed <span class=\"_ _3\"></span>\u201cIncremento <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>aranzia <span class=\"_ _3\"></span>5+\u201d, nonch\u00e9 <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mparto <span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>L<span class=\"_ _1\"></span>inea <span class=\"_ _0\"></span>Gar<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ta\u201d <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _b\"></span>pensione <span class=\"_ _0\"></span>negoziale <span class=\"_ _0\"></span>\u201cE<span class=\"_ _0\"></span>xte<span class=\"_ _3\"></span>nso\u201d <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>icev<span class=\"_ _1\"></span>uto <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ele<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>a,<span class=\"_ _3\"></span> Anima <span class=\"_ _f\"> </span>SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>forn<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>sce <span class=\"_ _6\"></span>gar<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nzia <span class=\"_ _f\"> </span>ai <span class=\"_ _6\"></span>sottoscritto<span class=\"_ _1\"></span>ri <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>corresponsione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>imp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rto <span class=\"_ _6\"></span>minimo, <span class=\"_ _6\"></span>pari <span class=\"_ _f\"> </span>a<span class=\"_ _3\"></span> quanto sottoscritt<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> dall\u2019adere<span class=\"_ _1\"></span>nte, indipende<span class=\"_ _1\"></span>ntemente dai ris<span class=\"_ _1\"></span>ultati di gestio<span class=\"_ _1\"></span>ne. Al <span class=\"_ _0\"></span>31 dicembre <span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>024, non <span class=\"_ _0\"></span>si \u00e8 <span class=\"_ _0\"></span>resa necessaria alcuna <span class=\"_ _0\"></span>inte<span class=\"_ _1\"></span>gr<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _0\"></span>a fronte della gar<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nzia <span class=\"_ _0\"></span>prevista dai com<span class=\"_ _0\"></span>pa<span class=\"_ _3\"></span>rti;  ta<span class=\"_ _1\"></span>le <span class=\"_ _f\"> </span>informazione <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>compresa <span class=\"_ _f\"> </span>nella <span class=\"_ _f\"> </span>comunicazione <span class=\"_ _f\"> </span>che <span class=\"_ _f\"> </span>vi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _f\"> </span>inviata <span class=\"_ _6\"></span>a <span class=\"_ _f\"> </span>B<span class=\"_ _0\"></span>anca <span class=\"_ _f\"> </span>d\u2019Italia <span class=\"_ _f\"> </span>da Anima <span class=\"_ _0\"></span>SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> relativa <span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>\u201cPatrimonio di <span class=\"_ _0\"></span>Vi<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ila<span class=\"_ _1\"></span>nza <span class=\"_ _0\"></span>e ai req<span class=\"_ _0\"></span>uisiti<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>patrimoniali a <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>upporto <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la garanzia <span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> capitale offerta dai <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>omparti ga<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>antiti<span class=\"_ _1\"></span> dei fondi pen<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>one gestit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>\u201d. Anima <span class=\"_ _5\"></span>SGR <span class=\"_ _b\"></span>h<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>definito <span class=\"_ _b\"></span>i <span class=\"_ _5\"></span>criteri <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>proced<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>re <span class=\"_ _5\"></span>ado<span class=\"_ _3\"></span>ttate <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>determinazione <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>impegni <span class=\"_ _5\"></span>assunt<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> nell\u2019apposita <span class=\"_ _0\"></span>pol<span class=\"_ _1\"></span>itica <span class=\"_ _0\"></span>\u201cCriteri e <span class=\"_ _0\"></span>procedure <span class=\"_ _0\"></span>per l<span class=\"_ _0\"></span>a determinazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>egli impegni <span class=\"_ _0\"></span>assunti per <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>gestione di fondi pensione ac<span class=\"_ _1\"></span>compagnati dalla <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>aranzia <span class=\"_ _1\"></span>di restituzione de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> capitale\u201d<span class=\"_ _3\"></span>. La <span class=\"_ _0\"></span>sopracitat<span class=\"_ _1\"></span>a pol<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span>ca <span class=\"_ _0\"></span>prevede ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> per <span class=\"_ _0\"></span>finalit\u00e0 di <span class=\"_ _0\"></span>bilancio e <span class=\"_ _0\"></span>di g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ione <span class=\"_ _0\"></span>del r<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hio, <span class=\"_ _0\"></span>la funzione <span class=\"_ _0\"></span>di Risk Management  determini <span class=\"_ _211\"> </span>la <span class=\"_ _211\"> </span>stima <span class=\"_ _211\"> </span>degli <span class=\"_ _211\"> </span>impegni <span class=\"_ _211\"> </span>assunti <span class=\"_ _211\"> </span>a  fron<span class=\"_ _0\"></span>te  delle  garanzie <span class=\"_ _211\"> </span>di <span class=\"_ _211\"> </span>restituzione  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> capitale <span class=\"_ _c\"> </span>rilasciate <span class=\"_ _c\"> </span>da <span class=\"_ _c\"> </span>Anima <span class=\"_ _c\"> </span>SGR<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>sulla <span class=\"_ _c\"> </span>b<span class=\"_ _0\"></span>ase <span class=\"_ _211\"> </span>di <span class=\"_ _16\"> </span>un <span class=\"_ _211\"> </span>m<span class=\"_ _0\"></span>odello, <span class=\"_ _c\"> </span>implementato <span class=\"_ _211\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>iante <span class=\"_ _211\"> </span>un <span class=\"_ _c\"> </span>apposito strumento informati<span class=\"_ _1\"></span>co basato su met<span class=\"_ _1\"></span>odologie di si<span class=\"_ _3\"></span>mu<span class=\"_ _0\"></span>lazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne di tipo<span class=\"_ _1\"></span> \u201cMonte Carl<span class=\"_ _1\"></span>o\u201d. In particolare, lo strume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to st<span class=\"_ _1\"></span>ima il valore della <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ara<span class=\"_ _1\"></span>nzia per ogni aderente <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on il meto<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o della <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iserva<span class=\"_ _3\"></span> prospettiva. La <span class=\"_ _0\"></span>valutazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e \u00e8 <span class=\"_ _0\"></span>implementata come <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>l valore <span class=\"_ _0\"></span>della gar<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nzia <span class=\"_ _0\"></span>ponderato <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>pr<span class=\"_ _1\"></span>obabilit\u00e0 di <span class=\"_ _6\"></span>retrocedere <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>gar<span class=\"_ _0\"></span>anzia <span class=\"_ _b\"></span>stessa <span class=\"_ _5\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>\u2019orizzo<span class=\"_ _1\"></span>nte <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>iferi<span class=\"_ _1\"></span>mento. <span class=\"_ _6\"></span>La <span class=\"_ _6\"></span>p<span class=\"_ _1\"></span>robabilit\u00e0 <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>corrispondere <span class=\"_ _5\"></span>la garanzia <span class=\"_ _0\"></span>tiene <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _b\"></span>della <span class=\"_ _0\"></span>situazione <span class=\"_ _0\"></span>iniziale <span class=\"_ _0\"></span>degli <span class=\"_ _0\"></span>aderenti, <span class=\"_ _0\"></span>della <span class=\"_ _b\"></span>pr<span class=\"_ _1\"></span>obabilit\u00e0 <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>pensionamento, <span class=\"_ _0\"></span>della probabilit\u00e0 di morte o <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nvalidit\u00e0, della probabilit\u00e0 di di<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>occupazione, della probabilit\u00e0 che sia r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>chiesto il <span class=\"_ _b\"></span>trasferimento <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>posizione <span class=\"_ _b\"></span>ad <span class=\"_ _b\"></span>altro <span class=\"_ _b\"></span>fondo <span class=\"_ _b\"></span>o <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ompa<span class=\"_ _1\"></span>rto,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>attese <span class=\"_ _b\"></span>circa <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>nuovi <span class=\"_ _b\"></span>ader<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li eventi che danno lu<span class=\"_ _1\"></span>ogo alla corresp<span class=\"_ _1\"></span>onsione della ga<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>anzia pre<span class=\"_ _1\"></span>visti dai regolament<span class=\"_ _1\"></span>i dei fondi.<span class=\"_ _4a1\"> </span>Per <span class=\"_ _5\"></span>ciascuno <span class=\"_ _6\"></span>scenari<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>di <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>iscatto, <span class=\"_ _b\"></span>l\u2019<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>plicativo <span class=\"_ _5\"></span>provvede <span class=\"_ _5\"></span>a <span class=\"_ _6\"></span>simulare <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>elevato <span class=\"_ _b\"></span>numero <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>scenari <span class=\"_ _5\"></span>di possibili <span class=\"_ _c\"> </span>valori <span class=\"_ _c\"> </span>della <span class=\"_ _211\"> </span>q<span class=\"_ _0\"></span>uota <span class=\"_ _211\"> </span>del <span class=\"_ _c\"> </span>fondo <span class=\"_ _c\"> </span>(comunque <span class=\"_ _211\"> </span>n<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _c\"> </span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>feriore <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>n\u00b0 <span class=\"_ _c\"> </span>50.000), <span class=\"_ _c\"> </span>al <span class=\"_ _c\"> </span>fine <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>olare<span class=\"_ _3\"></span> l\u2019eventuale <span class=\"_ _c\"> </span>importo <span class=\"_ _c\"> </span>che <span class=\"_ _16\"> </span>la <span class=\"_ _c\"> </span>Societ\u00e0 <span class=\"_ _c\"> </span>sarebbe <span class=\"_ _16\"> </span>te<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>a <span class=\"_ _c\"> </span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ra<span class=\"_ _1\"></span>re <span class=\"_ _16\"> </span>all\u2019aderente.<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>Ciascuno <span class=\"_ _16\"> </span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ena<span class=\"_ _1\"></span>rio <span class=\"_ _16\"> </span>\u00e8 simulato <span class=\"_ _b\"></span>te<span class=\"_ _1\"></span>nendo <span class=\"_ _b\"></span>conto <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>iniziale <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _0\"></span>quota <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>fondo <span class=\"_ _b\"></span>o <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>asse<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>sua <span class=\"_ _0\"></span>evoluzione futura, de<span class=\"_ _1\"></span>scritta <span class=\"_ _1\"></span>da u<span class=\"_ _1\"></span>n Moto <span class=\"_ _3\"></span>Geom<span class=\"_ _0\"></span>et<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>co Br<span class=\"_ _1\"></span>owniano <span class=\"_ _3\"></span>parametrizzato <span class=\"_ _1\"></span>con re<span class=\"_ _1\"></span>ndimento e<span class=\"_ _1\"></span> v<span class=\"_ _1\"></span>olatilit\u00e0 atte<span class=\"_ _1\"></span>si del portafoglio del f<span class=\"_ _1\"></span>ondo. Una <span class=\"_ _6\"></span>vo<span class=\"_ _0\"></span>lta <span class=\"_ _5\"></span>calcolata <span class=\"_ _f\"> </span>la <span class=\"_ _6\"></span>distribuzione<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>delle<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>possi<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ili<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>perdite <span class=\"_ _f\"></span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ll<span class=\"_ _1\"></span>\u2019orizzonte <span class=\"_ _6\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>riferimento, <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _5\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ato <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>l 99,5-esimo peggi<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span> pe<span class=\"_ _3\"></span>rc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tile pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> dete<span class=\"_ _1\"></span>rminare l\u2019impegno della S<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet\u00e0 a <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ronte del <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> in anal<span class=\"_ _1\"></span>isi. Dato  l\u2019orizz<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nte  t<span class=\"_ _1\"></span>emporale <span class=\"_ _f\"> </span>annuale  e  t<span class=\"_ _1\"></span>enuto  c<span class=\"_ _1\"></span>onto  delle  p<span class=\"_ _1\"></span>rassi <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntabili  p<span class=\"_ _1\"></span>er  le  p<span class=\"_ _1\"></span>assivit\u00e0  c<span class=\"_ _1\"></span>he  non<span class=\"_ _1\"></span> superano i 12 mesi, <span class=\"_ _1\"></span>il valore degli impeg<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>cos\u00ec stim<span class=\"_ _1\"></span>ato non \u00e8 attualizza<span class=\"_ _1\"></span>to. Al <span class=\"_ _b\"></span>31 <span class=\"_ _b\"></span>dice<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bre <span class=\"_ _0\"></span>2024 <span class=\"_ _b\"></span>l\u2019impe<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>cos\u00ec <span class=\"_ _0\"></span>deter<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>nato <span class=\"_ _0\"></span>risulta <span class=\"_ _b\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>irca<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>24 <span class=\"_ _0\"></span>mila, <span class=\"_ _0\"></span>importo <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>viene evidenziato <span class=\"_ _6\"></span>nella <span class=\"_ _6\"></span>voce <span class=\"_ _6\"></span>\u201c1. <span class=\"_ _f\"> </span>F<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ndi <span class=\"_ _6\"></span>su <span class=\"_ _f\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>peg<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>g<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>an<span class=\"_ _0\"></span>zie <span class=\"_ _6\"></span>rilasciate\u201d <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>sopra <span class=\"_ _6\"></span>evidenziata <span class=\"_ _6\"></span>tabella <span class=\"_ _6\"></span>di com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>osizione del Fondo pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> rischi e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span> oneri.<span class=\"_ _1\"></span> Infine, <span class=\"_ _5\"></span>la <span class=\"_ _6\"></span>sottovoce <span class=\"_ _5\"></span>\u201c3.1 <span class=\"_ _5\"></span>controversie <span class=\"_ _5\"></span>legali <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>fiscali\u201d, <span class=\"_ _5\"></span>valorizzata <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>circ<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>0,5 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>ilio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i, <span class=\"_ _5\"></span>accoglie accantonamenti p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>vertenze var<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>e, <span class=\"_ _3\"></span>com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ren<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ive d<span class=\"_ _1\"></span>elle cor<span class=\"_ _1\"></span>relate spe<span class=\"_ _1\"></span>se di <span class=\"_ _3\"></span>consulenza le<span class=\"_ _3\"></span>gale e/o <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ale. Non <span class=\"_ _3\"></span>sono <span class=\"_ _1\"></span>stati <span class=\"_ _3\"></span>previst<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>accantonamenti <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>cause <span class=\"_ _3\"></span>nelle <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>ua<span class=\"_ _3\"></span>li<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>societ\u00e0 <span class=\"_ _3\"></span>del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>chiamate <span class=\"_ _3\"></span>come<span class=\"_ _1\"></span> corresponsabile <span class=\"_ _5\"></span>ma <span class=\"_ _5\"></span>che, <span class=\"_ _5\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>base <span class=\"_ _6\"></span>a <span class=\"_ _6\"></span>sentenze <span class=\"_ _5\"></span>pregresse <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>stes<span class=\"_ _1\"></span>sa <span class=\"_ _5\"></span>tipologia <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>contenzioso <span class=\"_ _5\"></span>ovvero all\u2019opinione di co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sulenti te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>zi, si r<span class=\"_ _1\"></span>itiene non comp<span class=\"_ _1\"></span>orteranno oneri.<span class=\"_ _4a1\"> </span>10.2 \u201cFondi di quiescenza aziendali\u201d ed \u201cAltri fondi<span class=\"_ _0\"></span> per rischi e oner<span class=\"_ _0\"></span>i\u201d<span class=\"_ _3\"></span>:<span class=\"_ _0\"></span> variazioni<span class=\"_ _1\"></span> annue<table class=\"s w67b h3a9\" id=\"_0b956edb-60c0-4af1-8924-46042db483b4\"><tr><td></td><td class=\"c n x703 y1a19 w67c h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">Fo<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>i di<span class=\"_ _0\"></span> quiescenza<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x787 y1a19 w67d h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">Alt<span class=\"_ _0\"></span>ri fo<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span> per rischi ed o<span class=\"_ _0\"></span>neri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x788 y1a19 w67e h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">Total<span class=\"_ _0\"></span>e 31.12<span class=\"_ _0\"></span>.2024<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1a w67f h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">A. Esis<span class=\"_ _1\"></span>ten<span class=\"_ _0\"></span>ze in<span class=\"_ _0\"></span>izi<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>li<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x789 y1a1a w680 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">1.248<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x78a y1a1a w680 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">1.248<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1b w681 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">B. Aumenti<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x78b y1a1b w682 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">27.474<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x78c y1a1b w683 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">27.47<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1d w684 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">B.1<span class=\"_ _0\"></span>  <span class=\"_ _3\"></span>Ac<span class=\"_ _0\"></span>canto<span class=\"_ _3\"></span>name<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>to<span class=\"_ _1\"></span> dell'eserci<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x78d y1a1d w685 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">27.46<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x78e y1a1d w685 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">27.46<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1e w686 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">B.2<span class=\"_ _0\"></span>  <span class=\"_ _3\"></span>Va<span class=\"_ _0\"></span>riaz<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i dovu<span class=\"_ _1\"></span>te al p<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>re del t<span class=\"_ _1\"></span>empo<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x78f y1a1e w687 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a1f w688 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">B.1<span class=\"_ _0\"></span> Variazion<span class=\"_ _3\"></span>i dovut<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>a modifich<span class=\"_ _1\"></span>e de<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> tass<span class=\"_ _3\"></span>o di <span class=\"_ _3\"></span>scon<span class=\"_ _1\"></span>to<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x790 y1a1f w689 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x791 y1a1f w689 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a20 w68a h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">B.1<span class=\"_ _0\"></span> Al<span class=\"_ _3\"></span>tre va<span class=\"_ _0\"></span>riaz<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x78f y1a20 w687 h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a21 w68b h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">C. Diminu<span class=\"_ _0\"></span>zio<span class=\"_ _0\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x792 y1a21 w680 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">1.055<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x793 y1a21 w680 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">1.055<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a22 w68c h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>1  U<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>li<span class=\"_ _1\"></span>zzo dell'es<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>cizi<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x794 y1a22 w68d h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">398<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x795 y1a22 w68d h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">398<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1f x2ed he2 y1a23 ff2 fs51 fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>2  Variaz<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>i dovu<span class=\"_ _1\"></span>te a modific<span class=\"_ _1\"></span>he del t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> sco<span class=\"_ _3\"></span>nto<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a24 w68e h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">C.<span class=\"_ _0\"></span>3  Al<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e var<span class=\"_ _0\"></span>iazio<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x796 y1a24 w68d h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">657<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x797 y1a24 w68f h3aa\"><div class=\"t m1f x17f he2 y1a1c ff2 fs51 fc1 sc0 ls0 ws0\">65<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w690 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">D.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>Rimanen<span class=\"_ _0\"></span>ze <span class=\"_ _1\"></span>fi<span class=\"_ _0\"></span>nali<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x798 y16d8 w691 h344\"><div class=\"t m1f x17f he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">27.667<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79a y16d8 w692 h344\"><div class=\"t m1f x799 he1 y1a18 ff3 fs51 fc1 sc0 ls0 ws0\">27.667<span class=\"_ _177\"></span>   <span class=\"_ _3\"></span>    <span class=\"_ _1\"></span>   <span class=\"_ _3\"></span>   <span class=\"_ _3\"></span>    <span class=\"_ _1\"></span>   <span class=\"_ _3\"></span>    <span class=\"_ _1\"></span>   <span class=\"_ _3\"></span>    <span class=\"_ _1\"></span>   <span class=\"_ _3\"></span>   <span class=\"_ _3\"></span> </div></td></tr></table>Il val<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>indicato <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>sottovoce \u201c<span class=\"_ _3\"></span>B.1 Ac<span class=\"_ _1\"></span>cantonamento <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>\u2019e<span class=\"_ _3\"></span>sercizio \u2013<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>olonna <span class=\"_ _1\"></span>Altri <span class=\"_ _3\"></span>fondi p<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>rischi ed<span class=\"_ _3\"></span> oneri\u201d <span class=\"_ _c\"> </span>si<span class=\"_ _0\"></span>  r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferisce <span class=\"_ _c\"> </span>principalmente <span class=\"_ _c\"> </span>ai <span class=\"_ _211\"> </span>v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>ri <span class=\"_ _16\"> </span>correl<span class=\"_ _3\"></span>ati <span class=\"_ _c\"> </span>ag<span class=\"_ _0\"></span>li <span class=\"_ _c\"> </span>stanziamenti <span class=\"_ _c\"> </span>relativi <span class=\"_ _c\"> </span>alla <span class=\"_ _c\"> </span>predetta <span class=\"_ _c\"> </span>stima dell\u2019onere di remu<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>erazi<span class=\"_ _1\"></span>one variabile del personale<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>dipendente.<span class=\"_ _3\"></span> Nella <span class=\"_ _1b\"> </span>so<span class=\"_ _0\"></span>tto<span class=\"_ _1\"></span>voce <span class=\"_ _1b\"> </span>\u201cC.1<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>Uti<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>zzo <span class=\"_ _1b\"> </span>nell\u2019esercizio <span class=\"_ _1b\"> </span>- <span class=\"_ _17\"> </span>colonna <span class=\"_ _1b\"> </span>Altri <span class=\"_ _1b\"> </span>fondi <span class=\"_ _17\"> </span>per <span class=\"_ _1b\"> </span>rischi <span class=\"_ _1b\"> </span>ed<span class=\"_ _0\"></span> <span class=\"_ _1b\"> </span>oneri\u201d <span class=\"_ _1b\"> </span>viene rappresentato <span class=\"_ _16\"> </span>l\u2019utilizz<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>dei <span class=\"_ _16\"> </span>fondi <span class=\"_ _16\"> </span>a<span class=\"_ _1\"></span>cc<span class=\"_ _0\"></span>ant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nati<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>periodi <span class=\"_ _1f\"> </span>precede<span class=\"_ _1\"></span>nti <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>principalmente <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rrelati <span class=\"_ _16\"> </span>a definizioni <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>personale <span class=\"_ _1\"></span>dipendente, <span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>sottovoce <span class=\"_ _1\"></span>\u201cC.3 Alt<span class=\"_ _3\"></span>re variazio<span class=\"_ _1\"></span>ni\u201d si <span class=\"_ _3\"></span>riferisce a<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ilas<span class=\"_ _1\"></span>cio nel  cont<span class=\"_ _1\"></span>o  economico <span class=\"_ _f\"> </span>consolidato <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ell\u2019e<span class=\"_ _1\"></span>sercizio <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i  fondi  in  e<span class=\"_ _1\"></span>subero  rispetto  a<span class=\"_ _1\"></span>lla  de<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne  del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e obbligazioni che <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e avevano <span class=\"_ _1\"></span>determinato l\u2019a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>canto<span class=\"_ _1\"></span>namento.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfClaimsAndBenefitsPaidExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-463": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs78f\">Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 11 \u2013 Patr<span class=\"_ _1\"></span>imonio \u2013 Voci 110, 120, <span class=\"_ _0\"></span>130, <span class=\"_ _3\"></span>140, <span class=\"_ _0\"></span>150 e 160<span class=\"ff2 fs2\"> </span></div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs790\">11.1 Composizione del \u201cCapitale\u201d </div><div class=\"gs791\"><table class=\"s w693 h3ab\" id=\"_b86329ea-e859-4726-9ddc-9b62497a65ab\"><tr><td class=\"c n x1a9 y1a25 w694 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">Ti<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>log<span class=\"_ _0\"></span>ie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79b y1a25 w695 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79c y1a25 w696 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">31.12<span class=\"_ _0\"></span>.2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a26 w697 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">1. Capi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79d y1a26 w698 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79e y1a26 w698 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x79f y1a27 w699 h369\"><div class=\"t m30 x17f he5 y19f9 ff2 fs52 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 Az<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>ordinarie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a0 y1a27 w69a h369\"><div class=\"t m30 x17f he5 y19f9 ff2 fs52 fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a1 y1a27 w69a h369\"><div class=\"t m30 x17f he5 y19f9 ff2 fs52 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m30 x7a2 he4 y1a28 ff2 fs52 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 Altre <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni<span class=\"_ _2d5\"> </span><span class=\"ff3 fc3\">0<span class=\"_ _4a1\"> </span></span></td><td></td><td></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs792\">Si ricorda che in data 1\u00b0 maggio 2024 \u00e8 dive<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta eff<span class=\"_ _1\"></span>icac<span class=\"_ _0\"></span>e la <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>elibe<span class=\"_ _1\"></span>ra dell\u2019Assemblea de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li Azionisti del<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs793\">28 mar<span class=\"_ _0\"></span>zo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>2024 che, <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>se<span class=\"_ _1\"></span>de <span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ao<span class=\"_ _1\"></span>rdinaria, ha <span class=\"_ _0\"></span>disp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>to <span class=\"_ _0\"></span>l\u2019ann<span class=\"_ _1\"></span>ullamento di n\u00b0 <span class=\"_ _0\"></span>9.8<span class=\"_ _1\"></span>75.753 <span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ioni ordinarie </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs794\">prive <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>  v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _211\"> </span>nominale <span class=\"_ _211\"> </span>(pari <span class=\"_ _211\"> </span>al <span class=\"_ _211\"> </span>3<span class=\"_ _0\"></span>%  dell<span class=\"_ _0\"></span>e  azioni  c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mplessive  all<span class=\"_ _0\"></span>a  data <span class=\"_ _211\"> </span>di <span class=\"_ _c\"> </span>delibera)  detenute <span class=\"_ _211\"> </span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs795\">portafoglio <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>Societ\u00e0, <span class=\"_ _0\"></span>mantenendo <span class=\"_ _0\"></span>invariato <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>capita<span class=\"_ _1\"></span>le <span class=\"_ _b\"></span>sociale <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _b\"></span>riduzione <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ise<span class=\"_ _1\"></span>rva <span class=\"_ _b\"></span>\u201cAzioni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs796\">proprie\u201d <span class=\"_ _0\"></span>(<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ome risultante dal <span class=\"_ _0\"></span>Patrim<span class=\"_ _1\"></span>onio Netto <span class=\"_ _0\"></span>del Bilancio al <span class=\"_ _0\"></span>31 dicembre 2023) <span class=\"_ _0\"></span>per un v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ri <span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs797\">Euro 37,6 milioni.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs798\">Al <span class=\"_ _16\"> </span>3<span class=\"_ _0\"></span>1 <span class=\"_ _16\"> </span>dicembre <span class=\"_ _1f\"> </span>2024 <span class=\"_ _16\"> </span>il <span class=\"_ _16\"> </span>capitale <span class=\"_ _16\"> </span>so<span class=\"_ _0\"></span>ciale <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _16\"> </span>pari <span class=\"_ _1f\"> </span>a <span class=\"_ _16\"> </span>E<span class=\"_ _0\"></span>uro <span class=\"_ _16\"> </span>7.291.809,72 <span class=\"_ _1f\"> </span>ed <span class=\"_ _1f\"> </span>\u00e8 <span class=\"_ _16\"> </span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentat<span class=\"_ _1\"></span>o <span class=\"_ _1f\"> </span>da <span class=\"_ _1f\"> </span>n\u00b0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs799\">319.316.003 azioni o<span class=\"_ _1\"></span>rdinarie prive di val<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re n<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>min<span class=\"_ _3\"></span>ale.<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs79a\">Le <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>sono q<span class=\"_ _0\"></span>uotat<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Merc<span class=\"_ _0\"></span>ato <span class=\"_ _0\"></span>Tel<span class=\"_ _3\"></span>ematic<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>Aziona<span class=\"_ _1\"></span>rio<span class=\"_ _0\"></span> organizzato <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>gestito <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>Borsa </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs79b\">italiana S.p.A. dal 16<span class=\"_ _1\"></span> aprile 2014. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs79c\">Si rimanda a quanto <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enziato nella \u201cParte A \u2013 Po<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>itiche contab<span class=\"_ _1\"></span>ili -<span class=\"_ _0\"></span> Sez<span class=\"_ _1\"></span>ione 3 \u2013 Eventi successivi alla </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs79d\">data <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>riferimento  d<span class=\"_ _0\"></span>el <span class=\"_ _c\"> </span>Bilan<span class=\"_ _1\"></span>cio <span class=\"_ _c\"> </span>consolidato\u201d <span class=\"_ _211\"> </span>del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _c\"> </span>pr<span class=\"_ _0\"></span>esente <span class=\"_ _211\"> </span>Nota <span class=\"_ _c\"> </span>Integrativa <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>onsolidata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>per <span class=\"_ _211\"> </span>g<span class=\"_ _0\"></span>li </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs79e\">accadimenti intervenut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> suc<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essi<span class=\"_ _1\"></span>vamente al 31 dice<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bre 2024.<span class=\"_ _1\"></span> </div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs79f\">11.2 Composizione delle \u201cAzioni propr<span class=\"_ _0\"></span>ie\u201d<span class=\"_ _3\"></span> </div><div class=\"gs7a0\"><table class=\"s w69b h3ac\" id=\"_32430b26-5767-4f11-b893-7ef034a50d67\"><tr><td class=\"c n x1a9 y1a2a w69c h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">Ti<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>log<span class=\"_ _0\"></span>ie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a3 y1a2a w69d h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a4 y1a2a w69e h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a2b w69f h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">1. Azio<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> pro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a5 y1a2b w6a0 h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">(44.<span class=\"_ _0\"></span>529)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a6 y1a2b w6a1 h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">(48.7<span class=\"_ _0\"></span>57)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x7a7 y189a w6a2 h369\"><div class=\"t m31 x17f he7 y196b ff2 fs53 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 Az<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>ordinarie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a8 y189a w6a3 h369\"><div class=\"t m31 x17f he7 y196b ff2 fs53 fc1 sc0 ls0 ws0\">(44.5<span class=\"_ _0\"></span>29)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a9 y189a w6a4 h369\"><div class=\"t m31 x17f he7 y196b ff2 fs53 fc1 sc0 ls0 ws0\">(48.7<span class=\"_ _0\"></span>57<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m31 x7aa he6 y1a2c ff2 fs53 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 Altre <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni <span class=\"_ _2a6\"> </span><span class=\"ff3 fc3\">0<span class=\"_ _4a1\"> </span></span></td><td></td><td></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7a1\">Al <span class=\"_ _0\"></span>31<span class=\"_ _0\"></span> dicembre <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>detene<span class=\"_ _1\"></span>va <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>\u00b0 12<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>10.0<span class=\"_ _1\"></span>34 <span class=\"_ _b\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _0\"></span>proprie, <span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>riv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>nomi<span class=\"_ _1\"></span>nale <span class=\"_ _0\"></span>(per </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7a2\">un <span class=\"_ _c\"> </span>controvalore <span class=\"_ _211\"> </span>pari <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>circa <span class=\"_ _c\"> </span>Euro <span class=\"_ _c\"> </span>48,<span class=\"_ _1\"></span>8 <span class=\"_ _c\"> </span>milioni <span class=\"_ _c\"> </span>e <span class=\"_ _211\"> </span>un <span class=\"_ _c\"> </span>prezzo <span class=\"_ _211\"> </span>m<span class=\"_ _0\"></span>edi<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>unitario <span class=\"_ _c\"> </span>di <span class=\"_ _211\"> </span>circa <span class=\"_ _c\"> </span>Euro <span class=\"_ _211\"> </span>3,<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>06), </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7a3\">corrispondenti a circa <span class=\"_ _1\"></span>il 3,891% del <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le sociale.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7a4\">Si ricorda che: </div><div class=\"t m1 h4 ff9 fs2 fc1 sc0 ls0 ws0 gs7a5\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">in  data <span class=\"_ _f\"> </span>13  settem<span class=\"_ _1\"></span>bre  2024 <span class=\"_ _f\"> </span>\u00e8  stato <span class=\"_ _f\"> </span>completato  il <span class=\"_ _f\"> </span>programm<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>di  a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisto <span class=\"_ _f\"> </span>di  azioni <span class=\"_ _f\"> </span>proprie </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs410\">(avviato <span class=\"_ _18\"> </span>in <span class=\"_ _17\"> </span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _18\"> </span>21 <span class=\"_ _17\"> </span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>gg<span class=\"_ _0\"></span>io <span class=\"_ _17\"> </span>2024) <span class=\"_ _18\"> </span>sulla <span class=\"_ _17\"> </span>base<span class=\"_ _1\"></span> <span class=\"_ _18\"> </span>della <span class=\"_ _18\"> </span>delibera <span class=\"_ _17\"> </span>autorizzativa <span class=\"_ _17\"> </span>approvata<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs411\">dall\u2019Assemblea <span class=\"_ _1\"></span>degli Az<span class=\"_ _1\"></span>ionisti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Societ\u00e0 del <span class=\"_ _3\"></span>28 m<span class=\"_ _1\"></span>arzo 2024; <span class=\"_ _3\"></span>le azioni <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>cquistate nel <span class=\"_ _3\"></span>periodo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs412\">21 <span class=\"_ _b\"></span>maggio <span class=\"_ _b\"></span>\u2013 <span class=\"_ _b\"></span>13 <span class=\"_ _b\"></span>settembr<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>2024 <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>state <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>n\u00b0 <span class=\"_ _b\"></span>8.267.500, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>controvalore <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>circa<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs413\">Euro 40 milioni.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7a6\">Come <span class=\"_ _18\"> </span>pr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>edente<span class=\"_ _1\"></span>mente <span class=\"_ _18\"> </span>in<span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>cat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, <span class=\"_ _18\"> </span>in <span class=\"_ _1d\"> </span>data <span class=\"_ _18\"> </span>1<span class=\"_ _0\"></span>\u00b0<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>maggio<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>2024 <span class=\"_ _1d\"> </span>\u00e8 <span class=\"_ _18\"> </span>divenuta <span class=\"_ _18\"> </span>effic<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>delibera </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7a7\">dell\u2019Assemblea <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>egli <span class=\"_ _3\"></span>Azionisti<span class=\"_ _3\"></span> del <span class=\"_ _8\"></span>28<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>mar<span class=\"_ _0\"></span>zo <span class=\"_ _8\"></span>2024 <span class=\"_ _3\"></span>che, <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>sede <span class=\"_ _3\"></span>st<span class=\"_ _1\"></span>raordinaria, <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>disposto <span class=\"_ _3\"></span>l\u2019annullame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7a8\">di n\u00b0 <span class=\"_ _1\"></span>9.875.753 a<span class=\"_ _1\"></span>zioni ordi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>arie p<span class=\"_ _1\"></span>rive del <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lore nominale (pari <span class=\"_ _1\"></span>al 3% <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>azioni complessi<span class=\"_ _1\"></span>ve alla <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs417\">di <span class=\"_ _15\"> </span>delibe<span class=\"_ _1\"></span>ra) <span class=\"_ _15\"> </span>detenute<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>in <span class=\"_ _15\"> </span>portafoglio <span class=\"_ _16\"> </span>dalla <span class=\"_ _1f\"> </span>Societ\u00e0, <span class=\"_ _1f\"> </span>mantenendo <span class=\"_ _1f\"> </span>invariato <span class=\"_ _16\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>capitale <span class=\"_ _1f\"> </span>sociale <span class=\"_ _1f\"> </span>con </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs418\">riduzione <span class=\"_ _211\"> </span>della <span class=\"_ _211\"> </span>riserva  \u201cAzioni <span class=\"_ _211\"> </span>proprie\u201d  (come  r<span class=\"_ _0\"></span>isultante  dal <span class=\"_ _211\"> </span>Patrimonio  Netto  d<span class=\"_ _0\"></span>el  Bilancio <span class=\"_ _211\"> </span>al  31 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs419\">dicembre 2023) per <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n valore pa<span class=\"_ _1\"></span>ri a Euro 37,6 <span class=\"_ _1\"></span>milioni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs41a\">Inoltre, <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>ricorda che <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>4 <span class=\"_ _0\"></span>aprile <span class=\"_ _0\"></span>2024<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>sta<span class=\"_ _1\"></span>te <span class=\"_ _0\"></span>esercitate <span class=\"_ _0\"></span>dai <span class=\"_ _0\"></span>beneficiari del <span class=\"_ _b\"></span>P<span class=\"_ _1\"></span>iano <span class=\"_ _0\"></span>LTIP <span class=\"_ _0\"></span>2021-<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7a9\">2023 <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>diritti <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>al <span class=\"_ _f\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imo <span class=\"_ _5\"></span>ciclo <span class=\"_ _f\"> </span>(rife<span class=\"_ _1\"></span>rito <span class=\"_ _6\"></span>al <span class=\"_ _f\"> </span>trie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>nio <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>021-202<span class=\"_ _1\"></span>3), <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _5\"></span>conseguente <span class=\"_ _6\"></span>assegnazione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs41c\">gratuita <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>n<span class=\"_ _0\"></span>\u00b0 <span class=\"_ _211\"> </span>1.760.051 <span class=\"_ _c\"> </span>azioni <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _211\"> </span>Soc<span class=\"_ _0\"></span>iet\u00e0, <span class=\"_ _211\"> </span>attraverso <span class=\"_ _c\"> </span>l\u2019utilizzo <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _211\"> </span>azioni <span class=\"_ _c\"> </span>proprie <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ute <span class=\"_ _211\"> </span>n<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>l </div>portafoglio <span class=\"_ _f\"> </span>dalla <span class=\"_ _f\"> </span>stessa, <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>riduzione <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>riserv<span class=\"_ _1\"></span>a <span class=\"_ _f\"> </span>\u201cAzioni  p<span class=\"_ _1\"></span>roprie\u201d <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>valore <span class=\"_ _f\"> </span>pari <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>6<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>7 milioni. Per <span class=\"_ _6\"></span>quanto <span class=\"_ _5\"></span>sopra, <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferimento <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>p<span class=\"_ _1\"></span>resente <span class=\"_ _5\"></span>Bilancio <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lidat<span class=\"_ _1\"></span>o, <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>Societ\u00e0 <span class=\"_ _5\"></span>deteneva <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>\u00b0 9.441.730 <span class=\"_ _b\"></span>azioni <span class=\"_ _5\"></span>proprie, <span class=\"_ _b\"></span>prive <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>ore <span class=\"_ _5\"></span>nominale, <span class=\"_ _b\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>circa <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>2,957% <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>apitale <span class=\"_ _b\"></span>sociale, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n controvalore <span class=\"_ _3\"></span>complessivo p<span class=\"_ _3\"></span>ar<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>circa Euro <span class=\"_ _3\"></span>44,5 m<span class=\"_ _3\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>oni, cor<span class=\"_ _1\"></span>rispondente <span class=\"_ _1\"></span>ad <span class=\"_ _3\"></span>un prezzo <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>un<span class=\"_ _0\"></span>ita<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>di circa Euro 4,716. Si rimanda a quanto <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enziato nella \u201cParte A \u2013 Po<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>itiche contab<span class=\"_ _1\"></span>ili -<span class=\"_ _0\"></span> Sez<span class=\"_ _1\"></span>ione 3 \u2013 Eventi successivi alla data <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>riferimento  d<span class=\"_ _0\"></span>el <span class=\"_ _c\"> </span>Bilan<span class=\"_ _1\"></span>cio <span class=\"_ _c\"> </span>consolidato\u201d <span class=\"_ _211\"> </span>del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _c\"> </span>pr<span class=\"_ _0\"></span>esente <span class=\"_ _211\"> </span>Nota <span class=\"_ _c\"> </span>Integrativa <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>onsolidata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>per <span class=\"_ _211\"> </span>g<span class=\"_ _0\"></span>li accadimenti intervenut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> suc<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essi<span class=\"_ _1\"></span>vamente al 31 dice<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bre 2024.<span class=\"_ _1\"></span> 11.4 Composizione dei \u201cSovrapprezzi di emissione\u201d <table class=\"s w6a5 h3ad\" id=\"_ba35672b-085e-4d69-b4b4-d5862a8baa53\"><tr><td class=\"c n x1a9 y1a2e w6a6 h369\"><div class=\"t m32 x17f he9 y1a2d ff3 fs54 fc1 sc0 ls0 ws0\">Tipo<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ab y1a2e w6a7 h369\"><div class=\"t m32 x17f he9 y1a2d ff3 fs54 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ac y1a2e w6a8 h369\"><div class=\"t m32 x17f he9 y1a2d ff3 fs54 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w6a9 h383\"><div class=\"t m32 x17f hea y1a2f ff2 fs54 fc1 sc0 ls0 ws0\">Sovrapprez<span class=\"_ _3\"></span>zi di e<span class=\"_ _3\"></span>mis<span class=\"_ _0\"></span>sione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ad y16d8 w6aa h383\"><div class=\"t m32 x17f hea y1a2f ff2 fs54 fc1 sc0 ls0 ws0\">78<span class=\"_ _0\"></span>7.65<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ae y16d8 w6ab h383\"><div class=\"t m32 x17f hea y1a2f ff2 fs54 fc1 sc0 ls0 ws0\">78<span class=\"_ _0\"></span>7.65<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td></tr></table>Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 12 \u2013 Patr<span class=\"_ _1\"></span>imonio di<span class=\"_ _0\"></span> pertinenza di terzi <span class=\"_ _3\"></span>\u2013 Voci<span class=\"_ _0\"></span> 180<span class=\"_ _1\"></span><span class=\"ff2 fs2\"> </span>12.1 Composizione della voce 180 \u201cPatrimonio di pertinenza di terzi\u201d<span class=\"_ _1\"></span> <table class=\"s w6ac h3ae\" id=\"_61e7924b-68b8-4a2b-af09-7a32dca710bc\"><tr><td class=\"c n x1a9 y1821 w6ad h369\"><div class=\"t m1a x17f heb y1a30 ff2 fs55 fc1 sc0 ls0 ws0\">Voci/Valo<span class=\"_ _1\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7af y1821 w6ae h369\"><div class=\"t m1a x17f heb y1a30 ff3 fs55 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1/<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>/20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7b0 y1821 w6af h369\"><div class=\"t m1a x17f heb y1a30 ff3 fs55 fc1 sc0 ls0 ws0\">31/<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a32 w6b0 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">5. R<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ve<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7b1 y1a32 w6b1 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">16<span class=\"_ _0\"></span>.670<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7b2 y1a32 w6b2 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">15<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a33 w6b3 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">6. R<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ve<span class=\"_ _3\"></span> da Valuta<span class=\"_ _3\"></span>zione<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7b3 y1a33 w6b4 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7b4 y1a33 w6b5 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">(2)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a34 w6b6 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">7. U<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>le<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>(Pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>di<span class=\"_ _3\"></span>ta) de<span class=\"_ _1\"></span>ll'eser<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>zio<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7b5 y1a34 w6b7 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">(77<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7b6 y1a34 w6b8 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">40<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n x7b7 y16d8 w6b9 h369\"><div class=\"t m1a x17f heb y1a30 ff2 fs55 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _1\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7b8 y16d8 w6ba h369\"><div class=\"t m1a x17f heb y1a30 ff3 fs55 fc1 sc0 ls0 ws0\">16<span class=\"_ _0\"></span>.6<span class=\"_ _0\"></span>51<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7b9 y16d8 w6ba h369\"><div class=\"t m1a x17f heb y1a30 ff3 fs55 fc1 sc0 ls0 ws0\">15<span class=\"_ _0\"></span>.71<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr></table>La voce fornisce l\u2019evidenza del patrim<span class=\"_ _1\"></span>onio netto di pertinenza di terzi per un importo pa<span class=\"_ _1\"></span>ri a c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rca <span class=\"_ _0\"></span>E<span class=\"_ _1\"></span>uro 16,7 <span class=\"_ _b\"></span>milioni, <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>(i) <span class=\"_ _b\"></span>OCM <span class=\"_ _0\"></span>OPPS <span class=\"_ _0\"></span>Xb <span class=\"_ _b\"></span>Investements <span class=\"_ _0\"></span>(Castello) <span class=\"_ _0\"></span>S.a.r.l. <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>20% <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>patri<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>onio netto <span class=\"_ _0\"></span>di Castello <span class=\"_ _0\"></span>SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> e <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>Hall<span class=\"_ _1\"></span>dis <span class=\"_ _0\"></span>S.p.A. per i<span class=\"_ _0\"></span>l 21% e <span class=\"_ _0\"></span>Compass Rock <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>il 2,95% del <span class=\"_ _0\"></span>patrimo<span class=\"_ _1\"></span>nio<span class=\"_ _0\"></span> netto di Vita Srl. 4.1.2 Informazioni di na<span class=\"_ _1\"></span>tura quantitativa<span class=\"_ _3\"></span> 4.1.2.1 Patrimonio de<span class=\"_ _1\"></span>ll\u2019impresa: com<span class=\"_ _1\"></span>posizione <table class=\"s w90d h3ce\" id=\"_9fa85d79-82f0-4a03-b6ba-5aef7af4452f\"><tr><td class=\"c n x1a9 y1b82 w90e h386\"><div class=\"t ma x17f h148 y1b81 ff3 fs7a fc1 sc0 ls0 ws0\">Voci/Va<span class=\"_ _1\"></span>lor<span class=\"_ _3\"></span>i</div></td><td></td><td class=\"c n xa4a y1b82 w90f h386\"><div class=\"t ma x17f h148 y1b81 ff3 fs7a fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.20<span class=\"_ _0\"></span>24</div></td><td class=\"c n xa4b y1b82 w910 h386\"><div class=\"t ma x17f h148 y1b81 ff3 fs7a fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.20<span class=\"_ _0\"></span>23</div></td></tr><tr><td class=\"c n x1a9 y1b84 w911 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">1.<span class=\"_ _1b\"> </span>C<span class=\"_ _0\"></span>apit<span class=\"_ _1\"></span>ale</div></td><td></td><td class=\"c n xa4c y1b84 w912 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>.292</div></td><td class=\"c n xa4d y1b84 w912 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">7.29<span class=\"_ _0\"></span>2</div></td></tr><tr><td class=\"c n x1a9 y1b85 w913 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">2.<span class=\"_ _1b\"> </span>S<span class=\"_ _0\"></span>ovrappr<span class=\"_ _1\"></span>ezzi<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>em<span class=\"_ _3\"></span>is<span class=\"_ _0\"></span>sione</div></td><td></td><td class=\"c n xa4e y1b85 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">787<span class=\"_ _0\"></span>.652</div></td><td class=\"c n xa4f y1b85 w915 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">78<span class=\"_ _0\"></span>7.652</div></td></tr><tr><td class=\"c n x1a9 y1b86 w916 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">3.<span class=\"_ _1b\"> </span>Ris<span class=\"_ _0\"></span>erve</div></td><td></td><td class=\"c n xa50 y1b86 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">590<span class=\"_ _0\"></span>.732</div></td><td class=\"c n xa51 y1b86 w917 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">53<span class=\"_ _0\"></span>3.37<span class=\"_ _0\"></span>5</div></td></tr><tr><td></td><td class=\"c n x8b1 y1b87 w918 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">- di utili</div></td><td class=\"c n xa52 y1b87 w917 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>83.9<span class=\"_ _0\"></span>58</div></td><td class=\"c n xa53 y1b87 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">630.43<span class=\"_ _0\"></span>7</div></td></tr><tr><td></td><td class=\"c n xa54 y1b88 w919 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">a) legale</div></td><td class=\"c n xa55 y1b88 w912 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.458</div></td><td class=\"c n xa56 y1b88 w91a h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>458</div></td></tr><tr><td></td><td class=\"c n xa54 y1b89 w91b h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">d) altre</div></td><td class=\"c n xa57 y1b89 w91c h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>82.5<span class=\"_ _0\"></span>00</div></td><td class=\"c n xa58 y1b89 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">628.97<span class=\"_ _0\"></span>9</div></td></tr><tr><td></td><td class=\"c n x8b1 y1b8a w91d h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">- alt<span class=\"_ _1\"></span>re</div></td><td class=\"c n xa59 y1b8a w91e h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(93.2<span class=\"_ _0\"></span>26)</div></td><td class=\"c n xa5a y1b8a w91e h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(9<span class=\"_ _0\"></span>7.062)</div></td></tr><tr><td class=\"c n x1a9 y1b8b w91f h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">4.</div></td><td class=\"c n xa5b y1b8b w920 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>Azioni propr<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>)</div></td><td class=\"c n xa5c y1b8b w921 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(44<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>29)</div></td><td class=\"c n xa5d y1b8b w91e h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(48.<span class=\"_ _0\"></span>757)</div></td></tr><tr><td class=\"c n x1a9 y1b8c w922 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">5. <span class=\"_ _1f\"> </span>Ri<span class=\"_ _0\"></span>serve<span class=\"_ _3\"></span> da valut<span class=\"_ _1\"></span>azion<span class=\"_ _1\"></span>e</div></td><td></td><td class=\"c n xa5e y1b8c w923 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">91.913</div></td><td class=\"c n xa5f y1b8c w924 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>2.67<span class=\"_ _0\"></span>1</div></td></tr><tr><td></td><td class=\"c x8df y1b8d w36 h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">- Titoli d<span class=\"_ _1\"></span>i capit<span class=\"_ _3\"></span>ale desig<span class=\"_ _1\"></span>nati<span class=\"_ _1\"></span> al fair value<span class=\"_ _3\"></span> con impatt<span class=\"_ _3\"></span>o s<span class=\"_ _0\"></span>ull<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> r<span class=\"_ _1\"></span>eddit<span class=\"_ _1\"></span>ivit<span class=\"_ _3\"></span>\u00e0 comple<span class=\"_ _3\"></span>ss<span class=\"_ _0\"></span>iva</div></td><td class=\"c xa60 y1b8d w2b h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">92.1<span class=\"_ _0\"></span>48</div></td><td class=\"c xa61 y1b8d w2b h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">13.<span class=\"_ _0\"></span>180</div></td></tr><tr><td></td><td class=\"c x8df y1b8e w38 h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">- U<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ili/pe<span class=\"_ _1\"></span>rdit<span class=\"_ _1\"></span>e at<span class=\"_ _3\"></span>tuariali r<span class=\"_ _1\"></span>elat<span class=\"_ _3\"></span>ivi a piani pre<span class=\"_ _3\"></span>videnz<span class=\"_ _1\"></span>iali a be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>init<span class=\"_ _3\"></span>i </div></td><td class=\"c x4ea y1b8e w39 h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">(235<span class=\"_ _0\"></span>)</div></td><td class=\"c xa49 y1b8e w39 h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">(50<span class=\"_ _0\"></span>9)</div></td></tr><tr><td class=\"c n x1a9 y1b8f w925 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">6.<span class=\"_ _1b\"> </span>S<span class=\"_ _0\"></span>trum<span class=\"_ _3\"></span>enti di c<span class=\"_ _1\"></span>apit<span class=\"_ _3\"></span>ale</div></td><td></td><td class=\"c n xa62 y1b8f w926 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc3 sc0 ls0 ws0\">-</div></td><td class=\"c n xa63 y1b8f w927 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc3 sc0 ls0 ws0\">-</div></td></tr><tr><td class=\"c n x1a9 y1b90 w928 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">7.<span class=\"_ _1b\"> </span>U<span class=\"_ _0\"></span>tile<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>(pe<span class=\"_ _3\"></span>rdita)<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>d'e<span class=\"_ _1\"></span>serci<span class=\"_ _3\"></span>zio</div></td><td></td><td class=\"c n xa64 y1b90 w91c h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>27<span class=\"_ _0\"></span>.845</div></td><td class=\"c n xa65 y1b90 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">149.<span class=\"_ _0\"></span>288</div></td></tr><tr><td class=\"c n x1a9 y16d8 w929 h38b\"><div class=\"t ma x17f h148 y1b91 ff3 fs7a fc1 sc0 ls0 ws0\">Totale</div></td><td></td><td class=\"c n xa66 y16d8 w92a h38b\"><div class=\"t ma x17f h148 y1b91 ff3 fs7a fc1 sc0 ls0 ws0\">1.6<span class=\"_ _0\"></span>60<span class=\"_ _0\"></span>.90<span class=\"_ _0\"></span>5</div></td><td class=\"c n xa67 y16d8 w92a h38b\"><div class=\"t ma x17f h148 y1b91 ff3 fs7a fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.44<span class=\"_ _0\"></span>1.5<span class=\"_ _0\"></span>21</div></td></tr></table>Si <span class=\"_ _211\"> </span>ricorda  c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span>l\u2019Assemblea  degli <span class=\"_ _211\"> </span>Azionisti  della <span class=\"_ _211\"> </span>Societ\u00e0,  in <span class=\"_ _211\"> </span>data <span class=\"_ _211\"> </span>28 <span class=\"_ _211\"> </span>marzo  2024, <span class=\"_ _211\"> </span>ha <span class=\"_ _c\"> </span>delibe<span class=\"_ _1\"></span>rato  la distribuzione <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>un <span class=\"_ _c\"> </span>dividendo, <span class=\"_ _211\"> </span>pari <span class=\"_ _c\"> </span>ad <span class=\"_ _c\"> </span>Euro <span class=\"_ _211\"> </span>0,25 <span class=\"_ _211\"> </span>per <span class=\"_ _16\"> </span>azio<span class=\"_ _1\"></span>ne <span class=\"_ _c\"> </span>(con <span class=\"_ _c\"> </span>esclusione  d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>azioni <span class=\"_ _c\"> </span>proprie detenute <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _3\"></span>Societ\u00e0), che <span class=\"_ _1\"></span>\u00e8 st<span class=\"_ _1\"></span>ato p<span class=\"_ _1\"></span>agato a <span class=\"_ _3\"></span>partire dal <span class=\"_ _3\"></span>22<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>maggio <span class=\"_ _3\"></span>2024 (stac<span class=\"_ _1\"></span>co della <span class=\"_ _3\"></span>cedola n\u00b0 <span class=\"_ _3\"></span>11 il <span class=\"_ _1\"></span>20<span class=\"_ _3\"></span> maggio 2024 e recor<span class=\"_ _1\"></span>d date il 21 ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio 2024).<span class=\"_ _4a1\"> </span><span class=\"_ _1\"></span> 4.1.2.2 <span class=\"_ _5\"></span>Riserve <span class=\"_ _6\"></span>da <span class=\"_ _5\"></span>valutazione <span class=\"_ _6\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziar<span class=\"_ _3\"></span>ie <span class=\"_ _6\"></span>valutate <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _6\"></span>con <span class=\"_ _5\"></span>impatto <span class=\"_ _6\"></span>sulla <span class=\"_ _5\"></span>redditivit\u00e0 complessiva: composi<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span> <table class=\"s w92b h3d0\" id=\"_9b383d04-c3d9-4a94-833a-0c6fc8c28931\"><tr><td class=\"t m1c xa68 h14b y1b92 ff3 fs7b fc1 sc0 ls0 ws0\">Attivit\u00e0/Val<span class=\"_ _3\"></span>ori<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n xa69 y1b08 w92c h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6a y1b94 w92d h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6b y1b08 w92e h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6c y1b94 w92f h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1c xa68 h14c y1b95 ff2 fs7b fc1 sc0 ls0 ws0\">1.<span class=\"_ _17\"> </span>Titoli<span class=\"_ _1\"></span> di de<span class=\"_ _1\"></span>bito<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n xa6d y1b96 w930 h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Riserva posi<span class=\"_ _3\"></span>tiv<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6e y1b96 w931 h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Rise<span class=\"_ _0\"></span>rva n<span class=\"_ _3\"></span>egativa<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6f y1b96 w932 h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Riserva pos<span class=\"_ _1\"></span>itiva<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa70 y1b96 w933 h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Rise<span class=\"_ _0\"></span>rva<span class=\"_ _1\"></span> nega<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b97 w934 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc1 sc0 ls0 ws0\">2.<span class=\"_ _17\"> </span>Titoli<span class=\"_ _1\"></span> di capit<span class=\"_ _3\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa71 y1b97 w935 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc1 sc0 ls0 ws0\">92<span class=\"_ _0\"></span>.148<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa72 y1b97 w936 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.180<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1b98 w937 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc1 sc0 ls0 ws0\">3.<span class=\"_ _17\"> </span>Fina<span class=\"_ _1\"></span>nziam<span class=\"_ _1\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa73 y1b98 w938 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa74 y1b98 w939 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n xa75 y16d8 w92d h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa76 y16d8 w93a h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">92.<span class=\"_ _0\"></span>148<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa77 y16d8 w93b h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>80<span class=\"_ _4a1\"> </span></div></td><td></td></tr></table><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs99d\">Nella <span class=\"_ _f\"></span>tabella <span class=\"_ _6\"></span>sopra <span class=\"_ _f\"> </span>esposta, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>voce <span class=\"_ _f\"> </span>\u201c2. <span class=\"_ _f\"> </span>T<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>toli <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>ca<span class=\"_ _1\"></span>pitale\u201d <span class=\"_ _6\"></span>ac<span class=\"_ _0\"></span>coglie <span class=\"_ _f\"></span>la <span class=\"_ _5\"></span>vari<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _f\"></span>del <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>l <span class=\"_ _6\"></span>31 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs99e\">dicembre 2024 dei tit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>li az<span class=\"_ _1\"></span>ionari BMPS a<span class=\"_ _1\"></span>cquisiti dalla S<span class=\"_ _1\"></span>ociet\u00e0. </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs99f\">4.1.2.3 <span class=\"_ _5\"></span>Riserve <span class=\"_ _6\"></span>da <span class=\"_ _5\"></span>valutazione <span class=\"_ _6\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziar<span class=\"_ _3\"></span>ie <span class=\"_ _6\"></span>valutate <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _6\"></span>con <span class=\"_ _5\"></span>impatto <span class=\"_ _6\"></span>sulla <span class=\"_ _5\"></span>redditivit\u00e0 </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs9a0\">complessiva: variazioni an<span class=\"_ _1\"></span>nue </div><div class=\"gs9a1\"><table class=\"s w93c h3d1\" id=\"_e8345395-d352-45d4-aa24-13a82ee0b992\"><tr><td></td><td class=\"t m2d xa78 h14e y1b99 ff3 fs7c fc1 sc0 ls0 ws0\">Titoli<span class=\"_ _3\"></span> di <span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _3\"></span>itale<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1b69 w93d h342\"><div class=\"t m2d x17f h14e y1b9a ff3 fs7c fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>. Esistenz<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> ini<span class=\"_ _3\"></span>zi<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa79 y1b69 w93e h342\"><div class=\"t m2d x17f h14e y1b9a ff3 fs7c fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>180<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b9b w93f h34b\"><div class=\"t m2d x17f h14f y1ae9 ff2 fs7c fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> V<span class=\"_ _0\"></span>ariaz<span class=\"_ _3\"></span>ioni pos<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7a y1b9b w940 h34b\"><div class=\"t m2d x17f h14f y1ae9 ff2 fs7c fc1 sc0 ls0 ws0\">78.9<span class=\"_ _0\"></span>68<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xa7b y1b9d w941 h3bb\"><div class=\"t m2d x17f h14f y1b9c ff5 fs7c fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span>  In<span class=\"_ _0\"></span>cremen<span class=\"_ _0\"></span>ti di<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>fair v<span class=\"_ _0\"></span>alue<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7c y1b9d w942 h3bb\"><div class=\"t m2d x17f h14f y1b9c ff5 fs7c fc1 sc0 ls0 ws0\">78<span class=\"_ _0\"></span>.96<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b9e w943 h34c\"><div class=\"t m2d x17f h14f y1ae9 ff2 fs7c fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> V<span class=\"_ _0\"></span>ariaz<span class=\"_ _3\"></span>ioni negat<span class=\"_ _3\"></span>ive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7d y1b9e w944 h34c\"><div class=\"t m2d x17f h14f y1ae9 ff2 fs7c fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xa7b y1b9f w945 h3a0\"><div class=\"t m2d x17f h14f y1b9c ff5 fs7c fc1 sc0 ls0 ws0\">3.1<span class=\"_ _0\"></span> Rid<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>ioni<span class=\"_ _0\"></span> di fair v<span class=\"_ _0\"></span>alue<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7e y1b9f w944 h3a0\"><div class=\"t m2d x17f h14f y1b9c ff5 fs7c fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w946 h340\"><div class=\"t m2d x17f h14e y1ba0 ff3 fs7c fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>. Rima<span class=\"_ _3\"></span>nenz<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>fin<span class=\"_ _3\"></span>ali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7f y16d8 w947 h340\"><div class=\"t m2d x17f h14e y1ba0 ff3 fs7c fc1 sc0 ls0 ws0\">92<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>48</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-491": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 11 \u2013 Patr<span class=\"_ _1\"></span>imonio \u2013 Voci 110, 120, <span class=\"_ _0\"></span>130, <span class=\"_ _3\"></span>140, <span class=\"_ _0\"></span>150 e 160<span class=\"ff2 fs2\"> </span>11.1 Composizione del \u201cCapitale\u201d <table class=\"s w693 h3ab\" id=\"_b86329ea-e859-4726-9ddc-9b62497a65ab\"><tr><td class=\"c n x1a9 y1a25 w694 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">Ti<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>log<span class=\"_ _0\"></span>ie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79b y1a25 w695 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79c y1a25 w696 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">31.12<span class=\"_ _0\"></span>.2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a26 w697 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">1. Capi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79d y1a26 w698 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79e y1a26 w698 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x79f y1a27 w699 h369\"><div class=\"t m30 x17f he5 y19f9 ff2 fs52 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 Az<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>ordinarie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a0 y1a27 w69a h369\"><div class=\"t m30 x17f he5 y19f9 ff2 fs52 fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a1 y1a27 w69a h369\"><div class=\"t m30 x17f he5 y19f9 ff2 fs52 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m30 x7a2 he4 y1a28 ff2 fs52 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 Altre <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni<span class=\"_ _2d5\"> </span><span class=\"ff3 fc3\">0<span class=\"_ _4a1\"> </span></span></td><td></td><td></td></tr></table>Si ricorda che in data 1\u00b0 maggio 2024 \u00e8 dive<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta eff<span class=\"_ _1\"></span>icac<span class=\"_ _0\"></span>e la <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>elibe<span class=\"_ _1\"></span>ra dell\u2019Assemblea de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li Azionisti del<span class=\"_ _1\"></span> 28 mar<span class=\"_ _0\"></span>zo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>2024 che, <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>se<span class=\"_ _1\"></span>de <span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ao<span class=\"_ _1\"></span>rdinaria, ha <span class=\"_ _0\"></span>disp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>to <span class=\"_ _0\"></span>l\u2019ann<span class=\"_ _1\"></span>ullamento di n\u00b0 <span class=\"_ _0\"></span>9.8<span class=\"_ _1\"></span>75.753 <span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ioni ordinarie prive <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>  v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _211\"> </span>nominale <span class=\"_ _211\"> </span>(pari <span class=\"_ _211\"> </span>al <span class=\"_ _211\"> </span>3<span class=\"_ _0\"></span>%  dell<span class=\"_ _0\"></span>e  azioni  c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mplessive  all<span class=\"_ _0\"></span>a  data <span class=\"_ _211\"> </span>di <span class=\"_ _c\"> </span>delibera)  detenute <span class=\"_ _211\"> </span>in portafoglio <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>Societ\u00e0, <span class=\"_ _0\"></span>mantenendo <span class=\"_ _0\"></span>invariato <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>capita<span class=\"_ _1\"></span>le <span class=\"_ _b\"></span>sociale <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _b\"></span>riduzione <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ise<span class=\"_ _1\"></span>rva <span class=\"_ _b\"></span>\u201cAzioni proprie\u201d <span class=\"_ _0\"></span>(<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ome risultante dal <span class=\"_ _0\"></span>Patrim<span class=\"_ _1\"></span>onio Netto <span class=\"_ _0\"></span>del Bilancio al <span class=\"_ _0\"></span>31 dicembre 2023) <span class=\"_ _0\"></span>per un v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ri <span class=\"_ _0\"></span>a Euro 37,6 milioni.<span class=\"_ _3\"></span> Al <span class=\"_ _16\"> </span>3<span class=\"_ _0\"></span>1 <span class=\"_ _16\"> </span>dicembre <span class=\"_ _1f\"> </span>2024 <span class=\"_ _16\"> </span>il <span class=\"_ _16\"> </span>capitale <span class=\"_ _16\"> </span>so<span class=\"_ _0\"></span>ciale <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _16\"> </span>pari <span class=\"_ _1f\"> </span>a <span class=\"_ _16\"> </span>E<span class=\"_ _0\"></span>uro <span class=\"_ _16\"> </span>7.291.809,72 <span class=\"_ _1f\"> </span>ed <span class=\"_ _1f\"> </span>\u00e8 <span class=\"_ _16\"> </span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentat<span class=\"_ _1\"></span>o <span class=\"_ _1f\"> </span>da <span class=\"_ _1f\"> </span>n\u00b0 319.316.003 azioni o<span class=\"_ _1\"></span>rdinarie prive di val<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re n<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>min<span class=\"_ _3\"></span>ale.<span class=\"_ _0\"></span> Le <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>sono q<span class=\"_ _0\"></span>uotat<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Merc<span class=\"_ _0\"></span>ato <span class=\"_ _0\"></span>Tel<span class=\"_ _3\"></span>ematic<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>Aziona<span class=\"_ _1\"></span>rio<span class=\"_ _0\"></span> organizzato <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>gestito <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>Borsa italiana S.p.A. dal 16<span class=\"_ _1\"></span> aprile 2014. Si rimanda a quanto <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enziato nella \u201cParte A \u2013 Po<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>itiche contab<span class=\"_ _1\"></span>ili -<span class=\"_ _0\"></span> Sez<span class=\"_ _1\"></span>ione 3 \u2013 Eventi successivi alla data <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>riferimento  d<span class=\"_ _0\"></span>el <span class=\"_ _c\"> </span>Bilan<span class=\"_ _1\"></span>cio <span class=\"_ _c\"> </span>consolidato\u201d <span class=\"_ _211\"> </span>del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _c\"> </span>pr<span class=\"_ _0\"></span>esente <span class=\"_ _211\"> </span>Nota <span class=\"_ _c\"> </span>Integrativa <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>onsolidata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>per <span class=\"_ _211\"> </span>g<span class=\"_ _0\"></span>li accadimenti intervenut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> suc<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essi<span class=\"_ _1\"></span>vamente al 31 dice<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bre 2024.<span class=\"_ _1\"></span> 11.2 Composizione delle \u201cAzioni propr<span class=\"_ _0\"></span>ie\u201d<span class=\"_ _3\"></span> <table class=\"s w69b h3ac\" id=\"_32430b26-5767-4f11-b893-7ef034a50d67\"><tr><td class=\"c n x1a9 y1a2a w69c h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">Ti<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>log<span class=\"_ _0\"></span>ie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a3 y1a2a w69d h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a4 y1a2a w69e h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a2b w69f h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">1. Azio<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> pro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a5 y1a2b w6a0 h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">(44.<span class=\"_ _0\"></span>529)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a6 y1a2b w6a1 h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">(48.7<span class=\"_ _0\"></span>57)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x7a7 y189a w6a2 h369\"><div class=\"t m31 x17f he7 y196b ff2 fs53 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 Az<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>ordinarie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a8 y189a w6a3 h369\"><div class=\"t m31 x17f he7 y196b ff2 fs53 fc1 sc0 ls0 ws0\">(44.5<span class=\"_ _0\"></span>29)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a9 y189a w6a4 h369\"><div class=\"t m31 x17f he7 y196b ff2 fs53 fc1 sc0 ls0 ws0\">(48.7<span class=\"_ _0\"></span>57<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m31 x7aa he6 y1a2c ff2 fs53 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 Altre <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni <span class=\"_ _2a6\"> </span><span class=\"ff3 fc3\">0<span class=\"_ _4a1\"> </span></span></td><td></td><td></td></tr></table>Al <span class=\"_ _0\"></span>31<span class=\"_ _0\"></span> dicembre <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>detene<span class=\"_ _1\"></span>va <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>\u00b0 12<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>10.0<span class=\"_ _1\"></span>34 <span class=\"_ _b\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _0\"></span>proprie, <span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>riv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>nomi<span class=\"_ _1\"></span>nale <span class=\"_ _0\"></span>(per un <span class=\"_ _c\"> </span>controvalore <span class=\"_ _211\"> </span>pari <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>circa <span class=\"_ _c\"> </span>Euro <span class=\"_ _c\"> </span>48,<span class=\"_ _1\"></span>8 <span class=\"_ _c\"> </span>milioni <span class=\"_ _c\"> </span>e <span class=\"_ _211\"> </span>un <span class=\"_ _c\"> </span>prezzo <span class=\"_ _211\"> </span>m<span class=\"_ _0\"></span>edi<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>unitario <span class=\"_ _c\"> </span>di <span class=\"_ _211\"> </span>circa <span class=\"_ _c\"> </span>Euro <span class=\"_ _211\"> </span>3,<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>06), corrispondenti a circa <span class=\"_ _1\"></span>il 3,891% del <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le sociale.  Si ricorda che: <span class=\"_ _1bb\"> </span><span class=\"ff2\">in  data <span class=\"_ _f\"> </span>13  settem<span class=\"_ _1\"></span>bre  2024 <span class=\"_ _f\"> </span>\u00e8  stato <span class=\"_ _f\"> </span>completato  il <span class=\"_ _f\"> </span>programm<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>di  a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisto <span class=\"_ _f\"> </span>di  azioni <span class=\"_ _f\"> </span>proprie </span>(avviato <span class=\"_ _18\"> </span>in <span class=\"_ _17\"> </span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _18\"> </span>21 <span class=\"_ _17\"> </span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>gg<span class=\"_ _0\"></span>io <span class=\"_ _17\"> </span>2024) <span class=\"_ _18\"> </span>sulla <span class=\"_ _17\"> </span>base<span class=\"_ _1\"></span> <span class=\"_ _18\"> </span>della <span class=\"_ _18\"> </span>delibera <span class=\"_ _17\"> </span>autorizzativa <span class=\"_ _17\"> </span>approvata<span class=\"_ _4a1\"> </span>dall\u2019Assemblea <span class=\"_ _1\"></span>degli Az<span class=\"_ _1\"></span>ionisti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Societ\u00e0 del <span class=\"_ _3\"></span>28 m<span class=\"_ _1\"></span>arzo 2024; <span class=\"_ _3\"></span>le azioni <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>cquistate nel <span class=\"_ _3\"></span>periodo 21 <span class=\"_ _b\"></span>maggio <span class=\"_ _b\"></span>\u2013 <span class=\"_ _b\"></span>13 <span class=\"_ _b\"></span>settembr<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>2024 <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>state <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>n\u00b0 <span class=\"_ _b\"></span>8.267.500, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>controvalore <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>circa<span class=\"_ _4a1\"> </span>Euro 40 milioni.<span class=\"_ _1\"></span> Come <span class=\"_ _18\"> </span>pr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>edente<span class=\"_ _1\"></span>mente <span class=\"_ _18\"> </span>in<span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>cat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, <span class=\"_ _18\"> </span>in <span class=\"_ _1d\"> </span>data <span class=\"_ _18\"> </span>1<span class=\"_ _0\"></span>\u00b0<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>maggio<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>2024 <span class=\"_ _1d\"> </span>\u00e8 <span class=\"_ _18\"> </span>divenuta <span class=\"_ _18\"> </span>effic<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>delibera dell\u2019Assemblea <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>egli <span class=\"_ _3\"></span>Azionisti<span class=\"_ _3\"></span> del <span class=\"_ _8\"></span>28<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>mar<span class=\"_ _0\"></span>zo <span class=\"_ _8\"></span>2024 <span class=\"_ _3\"></span>che, <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>sede <span class=\"_ _3\"></span>st<span class=\"_ _1\"></span>raordinaria, <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>disposto <span class=\"_ _3\"></span>l\u2019annullame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to di n\u00b0 <span class=\"_ _1\"></span>9.875.753 a<span class=\"_ _1\"></span>zioni ordi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>arie p<span class=\"_ _1\"></span>rive del <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lore nominale (pari <span class=\"_ _1\"></span>al 3% <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>azioni complessi<span class=\"_ _1\"></span>ve alla <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> di <span class=\"_ _15\"> </span>delibe<span class=\"_ _1\"></span>ra) <span class=\"_ _15\"> </span>detenute<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>in <span class=\"_ _15\"> </span>portafoglio <span class=\"_ _16\"> </span>dalla <span class=\"_ _1f\"> </span>Societ\u00e0, <span class=\"_ _1f\"> </span>mantenendo <span class=\"_ _1f\"> </span>invariato <span class=\"_ _16\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>capitale <span class=\"_ _1f\"> </span>sociale <span class=\"_ _1f\"> </span>con riduzione <span class=\"_ _211\"> </span>della <span class=\"_ _211\"> </span>riserva  \u201cAzioni <span class=\"_ _211\"> </span>proprie\u201d  (come  r<span class=\"_ _0\"></span>isultante  dal <span class=\"_ _211\"> </span>Patrimonio  Netto  d<span class=\"_ _0\"></span>el  Bilancio <span class=\"_ _211\"> </span>al  31 dicembre 2023) per <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n valore pa<span class=\"_ _1\"></span>ri a Euro 37,6 <span class=\"_ _1\"></span>milioni. Inoltre, <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>ricorda che <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>4 <span class=\"_ _0\"></span>aprile <span class=\"_ _0\"></span>2024<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>sta<span class=\"_ _1\"></span>te <span class=\"_ _0\"></span>esercitate <span class=\"_ _0\"></span>dai <span class=\"_ _0\"></span>beneficiari del <span class=\"_ _b\"></span>P<span class=\"_ _1\"></span>iano <span class=\"_ _0\"></span>LTIP <span class=\"_ _0\"></span>2021-<span class=\"_ _4a1\"> </span>2023 <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>diritti <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>al <span class=\"_ _f\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imo <span class=\"_ _5\"></span>ciclo <span class=\"_ _f\"> </span>(rife<span class=\"_ _1\"></span>rito <span class=\"_ _6\"></span>al <span class=\"_ _f\"> </span>trie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>nio <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>021-202<span class=\"_ _1\"></span>3), <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _5\"></span>conseguente <span class=\"_ _6\"></span>assegnazione gratuita <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>n<span class=\"_ _0\"></span>\u00b0 <span class=\"_ _211\"> </span>1.760.051 <span class=\"_ _c\"> </span>azioni <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _211\"> </span>Soc<span class=\"_ _0\"></span>iet\u00e0, <span class=\"_ _211\"> </span>attraverso <span class=\"_ _c\"> </span>l\u2019utilizzo <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _211\"> </span>azioni <span class=\"_ _c\"> </span>proprie <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ute <span class=\"_ _211\"> </span>n<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>l <div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7ab\">portafoglio <span class=\"_ _f\"> </span>dalla <span class=\"_ _f\"> </span>stessa, <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>riduzione <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>riserv<span class=\"_ _1\"></span>a <span class=\"_ _f\"> </span>\u201cAzioni  p<span class=\"_ _1\"></span>roprie\u201d <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>valore <span class=\"_ _f\"> </span>pari <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>6<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>7 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7ac\">milioni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7ad\">Per <span class=\"_ _6\"></span>quanto <span class=\"_ _5\"></span>sopra, <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferimento <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>p<span class=\"_ _1\"></span>resente <span class=\"_ _5\"></span>Bilancio <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lidat<span class=\"_ _1\"></span>o, <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>Societ\u00e0 <span class=\"_ _5\"></span>deteneva <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>\u00b0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7ae\">9.441.730 <span class=\"_ _b\"></span>azioni <span class=\"_ _5\"></span>proprie, <span class=\"_ _b\"></span>prive <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>ore <span class=\"_ _5\"></span>nominale, <span class=\"_ _b\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>circa <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>2,957% <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>apitale <span class=\"_ _b\"></span>sociale, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7af\">controvalore <span class=\"_ _3\"></span>complessivo p<span class=\"_ _3\"></span>ar<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>circa Euro <span class=\"_ _3\"></span>44,5 m<span class=\"_ _3\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>oni, cor<span class=\"_ _1\"></span>rispondente <span class=\"_ _1\"></span>ad <span class=\"_ _3\"></span>un prezzo <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>un<span class=\"_ _0\"></span>ita<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7b0\">circa Euro 4,716. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7b1\">Si rimanda a quanto <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enziato nella \u201cParte A \u2013 Po<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>itiche contab<span class=\"_ _1\"></span>ili -<span class=\"_ _0\"></span> Sez<span class=\"_ _1\"></span>ione 3 \u2013 Eventi successivi alla </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7b2\">data <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>riferimento  d<span class=\"_ _0\"></span>el <span class=\"_ _c\"> </span>Bilan<span class=\"_ _1\"></span>cio <span class=\"_ _c\"> </span>consolidato\u201d <span class=\"_ _211\"> </span>del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _c\"> </span>pr<span class=\"_ _0\"></span>esente <span class=\"_ _211\"> </span>Nota <span class=\"_ _c\"> </span>Integrativa <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>onsolidata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>per <span class=\"_ _211\"> </span>g<span class=\"_ _0\"></span>li </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7b3\">accadimenti intervenut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> suc<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essi<span class=\"_ _1\"></span>vamente al 31 dice<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bre 2024.<span class=\"_ _1\"></span> </div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs7b4\">11.4 Composizione dei \u201cSovrapprezzi di emissione\u201d </div><div class=\"gs7b5\"><table class=\"s w6a5 h3ad\" id=\"_ba35672b-085e-4d69-b4b4-d5862a8baa53\"><tr><td class=\"c n x1a9 y1a2e w6a6 h369\"><div class=\"t m32 x17f he9 y1a2d ff3 fs54 fc1 sc0 ls0 ws0\">Tipo<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ab y1a2e w6a7 h369\"><div class=\"t m32 x17f he9 y1a2d ff3 fs54 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ac y1a2e w6a8 h369\"><div class=\"t m32 x17f he9 y1a2d ff3 fs54 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w6a9 h383\"><div class=\"t m32 x17f hea y1a2f ff2 fs54 fc1 sc0 ls0 ws0\">Sovrapprez<span class=\"_ _3\"></span>zi di e<span class=\"_ _3\"></span>mis<span class=\"_ _0\"></span>sione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ad y16d8 w6aa h383\"><div class=\"t m32 x17f hea y1a2f ff2 fs54 fc1 sc0 ls0 ws0\">78<span class=\"_ _0\"></span>7.65<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ae y16d8 w6ab h383\"><div class=\"t m32 x17f hea y1a2f ff2 fs54 fc1 sc0 ls0 ws0\">78<span class=\"_ _0\"></span>7.65<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs7b6\">Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 12 \u2013 Patr<span class=\"_ _1\"></span>imonio di<span class=\"_ _0\"></span> pertinenza di terzi <span class=\"_ _3\"></span>\u2013 Voci<span class=\"_ _0\"></span> 180<span class=\"_ _1\"></span><span class=\"ff2 fs2\"> </span></div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs7b7\">12.1 Composizione della voce 180 \u201cPatrimonio di pertinenza di terzi\u201d<span class=\"_ _1\"></span> </div><div class=\"gs7b8\"><table class=\"s w6ac h3ae\" id=\"_61e7924b-68b8-4a2b-af09-7a32dca710bc\"><tr><td class=\"c n x1a9 y1821 w6ad h369\"><div class=\"t m1a x17f heb y1a30 ff2 fs55 fc1 sc0 ls0 ws0\">Voci/Valo<span class=\"_ _1\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7af y1821 w6ae h369\"><div class=\"t m1a x17f heb y1a30 ff3 fs55 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1/<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>/20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7b0 y1821 w6af h369\"><div class=\"t m1a x17f heb y1a30 ff3 fs55 fc1 sc0 ls0 ws0\">31/<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a32 w6b0 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">5. R<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ve<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7b1 y1a32 w6b1 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">16<span class=\"_ _0\"></span>.670<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7b2 y1a32 w6b2 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">15<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a33 w6b3 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">6. R<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ve<span class=\"_ _3\"></span> da Valuta<span class=\"_ _3\"></span>zione<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7b3 y1a33 w6b4 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7b4 y1a33 w6b5 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">(2)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a34 w6b6 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">7. U<span class=\"_ _0\"></span>ti<span class=\"_ _1\"></span>le<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>(Pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>di<span class=\"_ _3\"></span>ta) de<span class=\"_ _1\"></span>ll'eser<span class=\"_ _1\"></span>ci<span class=\"_ _1\"></span>zio<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7b5 y1a34 w6b7 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">(77<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7b6 y1a34 w6b8 h37b\"><div class=\"t m1a x17f hec y1a31 ff2 fs55 fc1 sc0 ls0 ws0\">40<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n x7b7 y16d8 w6b9 h369\"><div class=\"t m1a x17f heb y1a30 ff2 fs55 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _1\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7b8 y16d8 w6ba h369\"><div class=\"t m1a x17f heb y1a30 ff3 fs55 fc1 sc0 ls0 ws0\">16<span class=\"_ _0\"></span>.6<span class=\"_ _0\"></span>51<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7b9 y16d8 w6ba h369\"><div class=\"t m1a x17f heb y1a30 ff3 fs55 fc1 sc0 ls0 ws0\">15<span class=\"_ _0\"></span>.71<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7b9\">La voce fornisce l\u2019evidenza del patrim<span class=\"_ _1\"></span>onio netto di pertinenza di terzi per un importo pa<span class=\"_ _1\"></span>ri a c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rca <span class=\"_ _0\"></span>E<span class=\"_ _1\"></span>uro </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7ba\">16,7 <span class=\"_ _b\"></span>milioni, <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>nu<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>(i) <span class=\"_ _b\"></span>OCM <span class=\"_ _0\"></span>OPPS <span class=\"_ _0\"></span>Xb <span class=\"_ _b\"></span>Investements <span class=\"_ _0\"></span>(Castello) <span class=\"_ _0\"></span>S.a.r.l. <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>20% <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>patri<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>onio </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7bb\">netto <span class=\"_ _0\"></span>di Castello <span class=\"_ _0\"></span>SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span> e <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>Hall<span class=\"_ _1\"></span>dis <span class=\"_ _0\"></span>S.p.A. per i<span class=\"_ _0\"></span>l 21% e <span class=\"_ _0\"></span>Compass Rock <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>il 2,95% del <span class=\"_ _0\"></span>patrimo<span class=\"_ _1\"></span>nio<span class=\"_ _0\"></span> netto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7bc\">di Vita Srl. <span class=\"_ _1\"></span> </div><div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs96e\">S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 4<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs96f\">4.1 Il patrimonio d<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>ll\u2019impresa<span class=\"_ _3\"></span>  </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs970\">4.1.1 Informazioni di na<span class=\"_ _1\"></span>tura qualitativa<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs971\">Il <span class=\"_ _f\"></span>capita<span class=\"_ _1\"></span>le <span class=\"_ _f\"> </span>so<span class=\"_ _1\"></span>ciale <span class=\"_ _f\"> </span>della <span class=\"_ _6\"></span>Societ\u00e0 <span class=\"_ _6\"></span>al <span class=\"_ _f\"> </span>3<span class=\"_ _1\"></span>1 <span class=\"_ _f\"> </span>dicem<span class=\"_ _1\"></span>bre <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>24 <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _6\"></span>interamente <span class=\"_ _6\"></span>so<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>oscritto <span class=\"_ _f\"></span>e <span class=\"_ _6\"></span>versato <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>isulta </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs972\">essere <span class=\"_ _211\"> </span>pari  a <span class=\"_ _c\"> </span>Euro  7.291.809,72  diviso  in <span class=\"_ _211\"> </span>n<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span>319.316.003 <span class=\"_ _211\"> </span>azioni  prive  dell\u2019indicazione  del <span class=\"_ _211\"> </span>valore </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs973\">nominale. <span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs974\">Le <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>sono q<span class=\"_ _0\"></span>uotat<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Merc<span class=\"_ _0\"></span>ato <span class=\"_ _0\"></span>Tel<span class=\"_ _3\"></span>ematic<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>Aziona<span class=\"_ _1\"></span>rio<span class=\"_ _0\"></span> organizzato <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>gestito <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>Borsa </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs975\">italiana S.p.A. dal 16<span class=\"_ _1\"></span> aprile 2014. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs976\">Si <span class=\"_ _1\"></span>ricorda <span class=\"_ _3\"></span>che in <span class=\"_ _3\"></span>data <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>7 <span class=\"_ _3\"></span>febbraio <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>25 <span class=\"_ _1\"></span>(cfr. <span class=\"_ _3\"></span>comunicato <span class=\"_ _3\"></span>stampa \u201cVa<span class=\"_ _1\"></span>riazione <span class=\"_ _3\"></span>del capita<span class=\"_ _1\"></span>le <span class=\"_ _3\"></span>sociale\u201d de<span class=\"_ _3\"></span>l 1<span class=\"_ _1\"></span>7 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs977\">febbraio <span class=\"_ _f\"> </span>2025) <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>avvenuto <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>deposito <span class=\"_ _f\"> </span>dell\u2019attesta<span class=\"_ _1\"></span>zione  d<span class=\"_ _3\"></span>i  emiss<span class=\"_ _1\"></span>ione <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>n\u00b0 <span class=\"_ _f\"> </span>5.899.814 <span class=\"_ _f\"> </span>nuove <span class=\"_ _f\"> </span>azioni<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs978\">ordinarie, <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>odime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>regolare, al<span class=\"_ _3\"></span> servizi<span class=\"_ _1\"></span>o del <span class=\"_ _3\"></span>piano <span class=\"_ _3\"></span>LTIP 24-26<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>er mass<span class=\"_ _1\"></span>imi <span class=\"_ _1\"></span>nominali <span class=\"_ _3\"></span>Euro 12<span class=\"_ _1\"></span>9.795,91, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs979\">mediante  imp<span class=\"_ _1\"></span>utazione  a<span class=\"_ _1\"></span>  capita<span class=\"_ _1\"></span>le  di  un  imp<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>di  corrispondente <span class=\"_ _f\"> </span>ammontare  t<span class=\"_ _1\"></span>ratto  dalle  r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>ve </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs97a\">disponibili, <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>esecuzione <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>eli<span class=\"_ _1\"></span>bera <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>aument<span class=\"_ _3\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>capitale <span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>ale<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>titolo <span class=\"_ _0\"></span>gratui<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>approvata<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>dal </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs97b\">Consiglio <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>Amministrazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _b\"></span>5 <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>ebb<span class=\"_ _1\"></span>raio <span class=\"_ _5\"></span>2025 <span class=\"_ _b\"></span>(cfr. <span class=\"_ _b\"></span>comunicato <span class=\"_ _b\"></span>stampa <span class=\"_ _b\"></span>\u201cRisultati <span class=\"_ _b\"></span>consolidati </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs97c\">per <span class=\"_ _b\"></span>l\u2019esercizio <span class=\"_ _b\"></span>2024\u201d <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>5 <span class=\"_ _b\"></span>febbraio <span class=\"_ _b\"></span>2025), <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>parziale <span class=\"_ _0\"></span>eser<span class=\"_ _0\"></span>cizio <span class=\"_ _b\"></span>dell\u2019autorizzaz<span class=\"_ _1\"></span>ione <span class=\"_ _b\"></span>conferita <span class=\"_ _b\"></span>ai <span class=\"_ _b\"></span>sensi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs97d\">dell\u2019art. 2443 C.C. dall<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>Assemb<span class=\"_ _1\"></span>lea Straordinaria <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>egli Azio<span class=\"_ _1\"></span>nisti del 28 marzo <span class=\"_ _1\"></span>2024. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs97e\">Pertanto, <span class=\"_ _0\"></span>alla data d<span class=\"_ _0\"></span>i approv<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione d<span class=\"fsd\">el <span class=\"_ _0\"></span>proget<span class=\"_ _3\"></span>to<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Bilancio da <span class=\"_ _0\"></span>parte del <span class=\"_ _0\"></span>C<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>glio<span class=\"_ _0\"></span> di <span class=\"_ _0\"></span>Am<span class=\"_ _1\"></span>ministrazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>(4 </span></div><div class=\"t m1 h4 ff2 fsd fc1 sc0 ls0 ws0 gs97f\">marzo <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>025), <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciale <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>H<span class=\"_ _1\"></span>olding <span class=\"_ _b\"></span><span class=\"fs2\">\u00e8 <span class=\"_ _b\"></span>pa<span class=\"_ _1\"></span>ri <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>7.421.605,63 <span class=\"_ _b\"></span>ed <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentato <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>n\u00b0 </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs980\">325.215.817 azioni o<span class=\"_ _1\"></span>rdinarie prive di val<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re n<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>min<span class=\"_ _3\"></span>ale.<span class=\"_ _4a1\"> </span><span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs982\">Si i<span class=\"_ _0\"></span>nforma che <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>data 1<span class=\"_ _0\"></span>2 febbraio 2025, <span class=\"_ _0\"></span>veri<span class=\"_ _1\"></span>fic<span class=\"_ _0\"></span>ate le Cond<span class=\"_ _0\"></span>izi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni di <span class=\"_ _0\"></span>Perma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>enza, sono <span class=\"_ _0\"></span>state attribuite </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs983\">ai <span class=\"_ _b\"></span>B<span class=\"_ _0\"></span>ene<span class=\"_ _1\"></span>ficiari <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>\u00b0 <span class=\"_ _b\"></span>15.341.544 <span class=\"_ _b\"></span>azioni <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>relazio<span class=\"_ _1\"></span>ne <span class=\"_ _5\"></span>ai <span class=\"_ _b\"></span>Piani <span class=\"_ _5\"></span>L<span class=\"_ _0\"></span>TIP <span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>-23 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>LTIP <span class=\"_ _5\"></span>24-26, <span class=\"_ _5\"></span>con <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>\u2019<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tilizz<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>\u00b0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs984\">9.441.730 <span class=\"_ _6\"></span>azioni <span class=\"_ _f\"> </span>pr<span class=\"_ _1\"></span>oprie <span class=\"_ _6\"></span>detenute <span class=\"_ _6\"></span>nel <span class=\"_ _f\"> </span>portaf<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>glio<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>dalla <span class=\"_ _6\"></span>Societ\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>n\u00b0 <span class=\"_ _f\"> </span>5.899.<span class=\"_ _1\"></span>814 <span class=\"_ _6\"></span>azioni <span class=\"_ _f\"> </span>deri<span class=\"_ _1\"></span>vanti <span class=\"_ _6\"></span>dal </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs985\">predetto aume<span class=\"_ _1\"></span>nto di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le (c<span class=\"_ _1\"></span>fr. comuni<span class=\"_ _1\"></span>cato stam<span class=\"_ _3\"></span>pa \u201cVariazione del <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apitale <span class=\"_ _3\"></span>sociale\u201d <span class=\"_ _1\"></span>del 17 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>eb<span class=\"_ _1\"></span>braio </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs986\">2025). <span class=\"_ _5\"></span>Pertanto, <span class=\"_ _b\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>approvazione <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>pre<span class=\"_ _1\"></span>sente <span class=\"_ _5\"></span>Bilancio <span class=\"_ _b\"></span>consolidato, <span class=\"_ _5\"></span>la <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _b\"></span>non <span class=\"_ _5\"></span>detiene </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs987\">azioni proprie i<span class=\"_ _1\"></span>n por<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>foglio. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs988\">Sulla <span class=\"_ _15\"> </span>b<span class=\"_ _0\"></span>ase<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>comunicazioni <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>ai <span class=\"_ _d\"> </span>sensi<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>dell\u2019art. <span class=\"_ _15\"> </span>120 <span class=\"_ _d\"> </span>del <span class=\"_ _1f\"> </span>D.Lgs. <span class=\"_ _15\"> </span>n. <span class=\"_ _15\"> </span>58/98 <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>delle <span class=\"_ _15\"> </span>ulteriori </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs989\">informazioni <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>disposizione <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>Societ\u00e0, <span class=\"_ _0\"></span><span class=\"fsd\">alla d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>approvazione<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>progetto <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Bilanci<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>del </span></div><div class=\"t m1 h4 ff2 fsd fc1 sc0 ls0 ws0 gs98a\">Consiglio <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>Ammi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>istraz<span class=\"_ _1\"></span>ione,<span class=\"fs2\"> <span class=\"_ _b\"></span>gli <span class=\"_ _5\"></span>azionisti <span class=\"_ _0\"></span>detentori <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>partecipazioni <span class=\"_ _b\"></span>rilevanti <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>Anima <span class=\"_ _5\"></span>Hol<span class=\"_ _1\"></span>ding <span class=\"_ _b\"></span>(soci </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs98b\">che <span class=\"_ _b\"></span>parte<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>direttamente o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>indirettamente in<span class=\"_ _0\"></span> mi<span class=\"_ _0\"></span>su<span class=\"_ _1\"></span>ra <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>3% <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le <span class=\"_ _0\"></span>sociale <span class=\"_ _0\"></span>ovvero </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs98c\">5% <span class=\"_ _3\"></span>per <span class=\"_ _1\"></span>le <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>.d. <span class=\"_ _3\"></span>\u201cpartecip<span class=\"_ _1\"></span>azioni <span class=\"_ _3\"></span>gestite\u201d), <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>sultano <span class=\"_ _3\"></span>essere <span class=\"_ _3\"></span>Banco <span class=\"_ _1\"></span>BPM <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _3\"></span>(\u201cBanco <span class=\"_ _3\"></span>BPM\u201d) <span class=\"_ _3\"></span>con <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>21,97%, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs98d\">Poste <span class=\"_ _3\"></span>Italiane <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _1\"></span>(\u201cPoste <span class=\"_ _3\"></span>Italia<span class=\"_ _1\"></span>ne\u201d <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>Poste<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span>) <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>11,74%, <span class=\"_ _3\"></span>FSI <span class=\"_ _3\"></span>SGR <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>amite <span class=\"_ _3\"></span>FSI <span class=\"_ _3\"></span>Holdin<span class=\"_ _3\"></span>g 2 <span class=\"_ _3\"></span>S.<span class=\"_ _1\"></span>r.l. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs98e\">\u2013 <span class=\"_ _211\"> </span>\u201c<span class=\"_ _0\"></span>FSI\u201d))<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>con  il<span class=\"_ _0\"></span>  9,59%, <span class=\"_ _211\"> </span>Gaetano <span class=\"_ _211\"> </span>Francesco  Caltagirone, <span class=\"_ _c\"> </span>t<span class=\"_ _1\"></span>ramite <span class=\"_ _211\"> </span>G<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>mma <span class=\"_ _c\"> </span>S.r.l.,  con <span class=\"_ _211\"> </span>il <span class=\"_ _c\"> </span>5,20% <span class=\"_ _211\"> </span>e  The </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs98f\">Goldman Sachs Gr<span class=\"_ _1\"></span>oup Inc. con il 4,6<span class=\"_ _1\"></span>5%.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs990\">Anima Holding non <span class=\"_ _0\"></span>ha<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>emess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> azioni di go<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>imento, obbligazioni convertib<span class=\"_ _1\"></span>ili in <span class=\"_ _0\"></span>azioni,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>n\u00e9<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>tit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>li o v<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>ori </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs991\">similari. </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs992\">4.1.2 Informazioni di na<span class=\"_ _1\"></span>tura quantitativa<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs993\">4.1.2.1 Patrimonio de<span class=\"_ _1\"></span>ll\u2019impresa: com<span class=\"_ _1\"></span>posizione </div><div class=\"gs994\"><table class=\"s w90d h3ce\" id=\"_9fa85d79-82f0-4a03-b6ba-5aef7af4452f\"><tr><td class=\"c n x1a9 y1b82 w90e h386\"><div class=\"t ma x17f h148 y1b81 ff3 fs7a fc1 sc0 ls0 ws0\">Voci/Va<span class=\"_ _1\"></span>lor<span class=\"_ _3\"></span>i</div></td><td></td><td class=\"c n xa4a y1b82 w90f h386\"><div class=\"t ma x17f h148 y1b81 ff3 fs7a fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.20<span class=\"_ _0\"></span>24</div></td><td class=\"c n xa4b y1b82 w910 h386\"><div class=\"t ma x17f h148 y1b81 ff3 fs7a fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.20<span class=\"_ _0\"></span>23</div></td></tr><tr><td class=\"c n x1a9 y1b84 w911 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">1.<span class=\"_ _1b\"> </span>C<span class=\"_ _0\"></span>apit<span class=\"_ _1\"></span>ale</div></td><td></td><td class=\"c n xa4c y1b84 w912 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>.292</div></td><td class=\"c n xa4d y1b84 w912 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">7.29<span class=\"_ _0\"></span>2</div></td></tr><tr><td class=\"c n x1a9 y1b85 w913 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">2.<span class=\"_ _1b\"> </span>S<span class=\"_ _0\"></span>ovrappr<span class=\"_ _1\"></span>ezzi<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>em<span class=\"_ _3\"></span>is<span class=\"_ _0\"></span>sione</div></td><td></td><td class=\"c n xa4e y1b85 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">787<span class=\"_ _0\"></span>.652</div></td><td class=\"c n xa4f y1b85 w915 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">78<span class=\"_ _0\"></span>7.652</div></td></tr><tr><td class=\"c n x1a9 y1b86 w916 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">3.<span class=\"_ _1b\"> </span>Ris<span class=\"_ _0\"></span>erve</div></td><td></td><td class=\"c n xa50 y1b86 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">590<span class=\"_ _0\"></span>.732</div></td><td class=\"c n xa51 y1b86 w917 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">53<span class=\"_ _0\"></span>3.37<span class=\"_ _0\"></span>5</div></td></tr><tr><td></td><td class=\"c n x8b1 y1b87 w918 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">- di utili</div></td><td class=\"c n xa52 y1b87 w917 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>83.9<span class=\"_ _0\"></span>58</div></td><td class=\"c n xa53 y1b87 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">630.43<span class=\"_ _0\"></span>7</div></td></tr><tr><td></td><td class=\"c n xa54 y1b88 w919 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">a) legale</div></td><td class=\"c n xa55 y1b88 w912 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.458</div></td><td class=\"c n xa56 y1b88 w91a h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>458</div></td></tr><tr><td></td><td class=\"c n xa54 y1b89 w91b h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">d) altre</div></td><td class=\"c n xa57 y1b89 w91c h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>82.5<span class=\"_ _0\"></span>00</div></td><td class=\"c n xa58 y1b89 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">628.97<span class=\"_ _0\"></span>9</div></td></tr><tr><td></td><td class=\"c n x8b1 y1b8a w91d h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">- alt<span class=\"_ _1\"></span>re</div></td><td class=\"c n xa59 y1b8a w91e h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(93.2<span class=\"_ _0\"></span>26)</div></td><td class=\"c n xa5a y1b8a w91e h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(9<span class=\"_ _0\"></span>7.062)</div></td></tr><tr><td class=\"c n x1a9 y1b8b w91f h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">4.</div></td><td class=\"c n xa5b y1b8b w920 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>Azioni propr<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>)</div></td><td class=\"c n xa5c y1b8b w921 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(44<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>29)</div></td><td class=\"c n xa5d y1b8b w91e h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(48.<span class=\"_ _0\"></span>757)</div></td></tr><tr><td class=\"c n x1a9 y1b8c w922 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">5. <span class=\"_ _1f\"> </span>Ri<span class=\"_ _0\"></span>serve<span class=\"_ _3\"></span> da valut<span class=\"_ _1\"></span>azion<span class=\"_ _1\"></span>e</div></td><td></td><td class=\"c n xa5e y1b8c w923 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">91.913</div></td><td class=\"c n xa5f y1b8c w924 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>2.67<span class=\"_ _0\"></span>1</div></td></tr><tr><td></td><td class=\"c x8df y1b8d w36 h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">- Titoli d<span class=\"_ _1\"></span>i capit<span class=\"_ _3\"></span>ale desig<span class=\"_ _1\"></span>nati<span class=\"_ _1\"></span> al fair value<span class=\"_ _3\"></span> con impatt<span class=\"_ _3\"></span>o s<span class=\"_ _0\"></span>ull<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> r<span class=\"_ _1\"></span>eddit<span class=\"_ _1\"></span>ivit<span class=\"_ _3\"></span>\u00e0 comple<span class=\"_ _3\"></span>ss<span class=\"_ _0\"></span>iva</div></td><td class=\"c xa60 y1b8d w2b h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">92.1<span class=\"_ _0\"></span>48</div></td><td class=\"c xa61 y1b8d w2b h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">13.<span class=\"_ _0\"></span>180</div></td></tr><tr><td></td><td class=\"c x8df y1b8e w38 h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">- U<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ili/pe<span class=\"_ _1\"></span>rdit<span class=\"_ _1\"></span>e at<span class=\"_ _3\"></span>tuariali r<span class=\"_ _1\"></span>elat<span class=\"_ _3\"></span>ivi a piani pre<span class=\"_ _3\"></span>videnz<span class=\"_ _1\"></span>iali a be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>init<span class=\"_ _3\"></span>i </div></td><td class=\"c x4ea y1b8e w39 h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">(235<span class=\"_ _0\"></span>)</div></td><td class=\"c xa49 y1b8e w39 h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">(50<span class=\"_ _0\"></span>9)</div></td></tr><tr><td class=\"c n x1a9 y1b8f w925 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">6.<span class=\"_ _1b\"> </span>S<span class=\"_ _0\"></span>trum<span class=\"_ _3\"></span>enti di c<span class=\"_ _1\"></span>apit<span class=\"_ _3\"></span>ale</div></td><td></td><td class=\"c n xa62 y1b8f w926 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc3 sc0 ls0 ws0\">-</div></td><td class=\"c n xa63 y1b8f w927 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc3 sc0 ls0 ws0\">-</div></td></tr><tr><td class=\"c n x1a9 y1b90 w928 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">7.<span class=\"_ _1b\"> </span>U<span class=\"_ _0\"></span>tile<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>(pe<span class=\"_ _3\"></span>rdita)<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>d'e<span class=\"_ _1\"></span>serci<span class=\"_ _3\"></span>zio</div></td><td></td><td class=\"c n xa64 y1b90 w91c h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>27<span class=\"_ _0\"></span>.845</div></td><td class=\"c n xa65 y1b90 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">149.<span class=\"_ _0\"></span>288</div></td></tr><tr><td class=\"c n x1a9 y16d8 w929 h38b\"><div class=\"t ma x17f h148 y1b91 ff3 fs7a fc1 sc0 ls0 ws0\">Totale</div></td><td></td><td class=\"c n xa66 y16d8 w92a h38b\"><div class=\"t ma x17f h148 y1b91 ff3 fs7a fc1 sc0 ls0 ws0\">1.6<span class=\"_ _0\"></span>60<span class=\"_ _0\"></span>.90<span class=\"_ _0\"></span>5</div></td><td class=\"c n xa67 y16d8 w92a h38b\"><div class=\"t ma x17f h148 y1b91 ff3 fs7a fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.44<span class=\"_ _0\"></span>1.5<span class=\"_ _0\"></span>21</div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs995\">Si <span class=\"_ _211\"> </span>ricorda  c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span>l\u2019Assemblea  degli <span class=\"_ _211\"> </span>Azionisti  della <span class=\"_ _211\"> </span>Societ\u00e0,  in <span class=\"_ _211\"> </span>data <span class=\"_ _211\"> </span>28 <span class=\"_ _211\"> </span>marzo  2024, <span class=\"_ _211\"> </span>ha <span class=\"_ _c\"> </span>delibe<span class=\"_ _1\"></span>rato  la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs996\">distribuzione <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>un <span class=\"_ _c\"> </span>dividendo, <span class=\"_ _211\"> </span>pari <span class=\"_ _c\"> </span>ad <span class=\"_ _c\"> </span>Euro <span class=\"_ _211\"> </span>0,25 <span class=\"_ _211\"> </span>per <span class=\"_ _16\"> </span>azio<span class=\"_ _1\"></span>ne <span class=\"_ _c\"> </span>(con <span class=\"_ _c\"> </span>esclusione  d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>azioni <span class=\"_ _c\"> </span>proprie </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs997\">detenute <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _3\"></span>Societ\u00e0), che <span class=\"_ _1\"></span>\u00e8 st<span class=\"_ _1\"></span>ato p<span class=\"_ _1\"></span>agato a <span class=\"_ _3\"></span>partire dal <span class=\"_ _3\"></span>22<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>maggio <span class=\"_ _3\"></span>2024 (stac<span class=\"_ _1\"></span>co della <span class=\"_ _3\"></span>cedola n\u00b0 <span class=\"_ _3\"></span>11 il <span class=\"_ _1\"></span>20<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs998\">maggio 2024 e recor<span class=\"_ _1\"></span>d date il 21 ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio 2024).<span class=\"_ _4a1\"> </span><span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs999\">4.1.2.2 <span class=\"_ _5\"></span>Riserve <span class=\"_ _6\"></span>da <span class=\"_ _5\"></span>valutazione <span class=\"_ _6\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziar<span class=\"_ _3\"></span>ie <span class=\"_ _6\"></span>valutate <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _6\"></span>con <span class=\"_ _5\"></span>impatto <span class=\"_ _6\"></span>sulla <span class=\"_ _5\"></span>redditivit\u00e0 </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs99a\">complessiva: composi<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span> </div><div class=\"gs99b\"><table class=\"s w92b h3d0\" id=\"_9b383d04-c3d9-4a94-833a-0c6fc8c28931\"><tr><td class=\"t m1c xa68 h14b y1b92 ff3 fs7b fc1 sc0 ls0 ws0\">Attivit\u00e0/Val<span class=\"_ _3\"></span>ori<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n xa69 y1b08 w92c h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6a y1b94 w92d h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6b y1b08 w92e h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6c y1b94 w92f h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1c xa68 h14c y1b95 ff2 fs7b fc1 sc0 ls0 ws0\">1.<span class=\"_ _17\"> </span>Titoli<span class=\"_ _1\"></span> di de<span class=\"_ _1\"></span>bito<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n xa6d y1b96 w930 h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Riserva posi<span class=\"_ _3\"></span>tiv<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6e y1b96 w931 h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Rise<span class=\"_ _0\"></span>rva n<span class=\"_ _3\"></span>egativa<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6f y1b96 w932 h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Riserva pos<span class=\"_ _1\"></span>itiva<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa70 y1b96 w933 h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Rise<span class=\"_ _0\"></span>rva<span class=\"_ _1\"></span> nega<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b97 w934 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc1 sc0 ls0 ws0\">2.<span class=\"_ _17\"> </span>Titoli<span class=\"_ _1\"></span> di capit<span class=\"_ _3\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa71 y1b97 w935 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc1 sc0 ls0 ws0\">92<span class=\"_ _0\"></span>.148<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa72 y1b97 w936 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.180<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1b98 w937 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc1 sc0 ls0 ws0\">3.<span class=\"_ _17\"> </span>Fina<span class=\"_ _1\"></span>nziam<span class=\"_ _1\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa73 y1b98 w938 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa74 y1b98 w939 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n xa75 y16d8 w92d h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa76 y16d8 w93a h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">92.<span class=\"_ _0\"></span>148<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa77 y16d8 w93b h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>80<span class=\"_ _4a1\"> </span></div></td><td></td></tr></table></div>Nella <span class=\"_ _f\"></span>tabella <span class=\"_ _6\"></span>sopra <span class=\"_ _f\"> </span>esposta, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>voce <span class=\"_ _f\"> </span>\u201c2. <span class=\"_ _f\"> </span>T<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>toli <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>ca<span class=\"_ _1\"></span>pitale\u201d <span class=\"_ _6\"></span>ac<span class=\"_ _0\"></span>coglie <span class=\"_ _f\"></span>la <span class=\"_ _5\"></span>vari<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _f\"></span>del <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>l <span class=\"_ _6\"></span>31 dicembre 2024 dei tit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>li az<span class=\"_ _1\"></span>ionari BMPS a<span class=\"_ _1\"></span>cquisiti dalla S<span class=\"_ _1\"></span>ociet\u00e0. 4.1.2.3 <span class=\"_ _5\"></span>Riserve <span class=\"_ _6\"></span>da <span class=\"_ _5\"></span>valutazione <span class=\"_ _6\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziar<span class=\"_ _3\"></span>ie <span class=\"_ _6\"></span>valutate <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _6\"></span>con <span class=\"_ _5\"></span>impatto <span class=\"_ _6\"></span>sulla <span class=\"_ _5\"></span>redditivit\u00e0 complessiva: variazioni an<span class=\"_ _1\"></span>nue <table class=\"s w93c h3d1\" id=\"_e8345395-d352-45d4-aa24-13a82ee0b992\"><tr><td></td><td class=\"t m2d xa78 h14e y1b99 ff3 fs7c fc1 sc0 ls0 ws0\">Titoli<span class=\"_ _3\"></span> di <span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _3\"></span>itale<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1b69 w93d h342\"><div class=\"t m2d x17f h14e y1b9a ff3 fs7c fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>. Esistenz<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> ini<span class=\"_ _3\"></span>zi<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa79 y1b69 w93e h342\"><div class=\"t m2d x17f h14e y1b9a ff3 fs7c fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>180<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b9b w93f h34b\"><div class=\"t m2d x17f h14f y1ae9 ff2 fs7c fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> V<span class=\"_ _0\"></span>ariaz<span class=\"_ _3\"></span>ioni pos<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7a y1b9b w940 h34b\"><div class=\"t m2d x17f h14f y1ae9 ff2 fs7c fc1 sc0 ls0 ws0\">78.9<span class=\"_ _0\"></span>68<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xa7b y1b9d w941 h3bb\"><div class=\"t m2d x17f h14f y1b9c ff5 fs7c fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span>  In<span class=\"_ _0\"></span>cremen<span class=\"_ _0\"></span>ti di<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>fair v<span class=\"_ _0\"></span>alue<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7c y1b9d w942 h3bb\"><div class=\"t m2d x17f h14f y1b9c ff5 fs7c fc1 sc0 ls0 ws0\">78<span class=\"_ _0\"></span>.96<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b9e w943 h34c\"><div class=\"t m2d x17f h14f y1ae9 ff2 fs7c fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> V<span class=\"_ _0\"></span>ariaz<span class=\"_ _3\"></span>ioni negat<span class=\"_ _3\"></span>ive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7d y1b9e w944 h34c\"><div class=\"t m2d x17f h14f y1ae9 ff2 fs7c fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xa7b y1b9f w945 h3a0\"><div class=\"t m2d x17f h14f y1b9c ff5 fs7c fc1 sc0 ls0 ws0\">3.1<span class=\"_ _0\"></span> Rid<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>ioni<span class=\"_ _0\"></span> di fair v<span class=\"_ _0\"></span>alue<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7e y1b9f w944 h3a0\"><div class=\"t m2d x17f h14f y1b9c ff5 fs7c fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w946 h340\"><div class=\"t m2d x17f h14e y1ba0 ff3 fs7c fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>. Rima<span class=\"_ _3\"></span>nenz<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>fin<span class=\"_ _3\"></span>ali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7f y16d8 w947 h340\"><div class=\"t m2d x17f h14e y1ba0 ff3 fs7c fc1 sc0 ls0 ws0\">92<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>48</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-515": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 11 \u2013 Patr<span class=\"_ _1\"></span>imonio \u2013 Voci 110, 120, <span class=\"_ _0\"></span>130, <span class=\"_ _3\"></span>140, <span class=\"_ _0\"></span>150 e 160<span class=\"ff2 fs2\"> </span>11.1 Composizione del \u201cCapitale\u201d <table class=\"s w693 h3ab\" id=\"_b86329ea-e859-4726-9ddc-9b62497a65ab\"><tr><td class=\"c n x1a9 y1a25 w694 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">Ti<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>log<span class=\"_ _0\"></span>ie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79b y1a25 w695 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79c y1a25 w696 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">31.12<span class=\"_ _0\"></span>.2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a26 w697 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">1. Capi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79d y1a26 w698 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79e y1a26 w698 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x79f y1a27 w699 h369\"><div class=\"t m30 x17f he5 y19f9 ff2 fs52 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 Az<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>ordinarie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a0 y1a27 w69a h369\"><div class=\"t m30 x17f he5 y19f9 ff2 fs52 fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a1 y1a27 w69a h369\"><div class=\"t m30 x17f he5 y19f9 ff2 fs52 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m30 x7a2 he4 y1a28 ff2 fs52 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 Altre <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni<span class=\"_ _2d5\"> </span><span class=\"ff3 fc3\">0<span class=\"_ _4a1\"> </span></span></td><td></td><td></td></tr></table>Si ricorda che in data 1\u00b0 maggio 2024 \u00e8 dive<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta eff<span class=\"_ _1\"></span>icac<span class=\"_ _0\"></span>e la <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>elibe<span class=\"_ _1\"></span>ra dell\u2019Assemblea de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li Azionisti del<span class=\"_ _1\"></span> 28 mar<span class=\"_ _0\"></span>zo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>2024 che, <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>se<span class=\"_ _1\"></span>de <span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ao<span class=\"_ _1\"></span>rdinaria, ha <span class=\"_ _0\"></span>disp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>to <span class=\"_ _0\"></span>l\u2019ann<span class=\"_ _1\"></span>ullamento di n\u00b0 <span class=\"_ _0\"></span>9.8<span class=\"_ _1\"></span>75.753 <span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ioni ordinarie prive <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>  v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _211\"> </span>nominale <span class=\"_ _211\"> </span>(pari <span class=\"_ _211\"> </span>al <span class=\"_ _211\"> </span>3<span class=\"_ _0\"></span>%  dell<span class=\"_ _0\"></span>e  azioni  c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mplessive  all<span class=\"_ _0\"></span>a  data <span class=\"_ _211\"> </span>di <span class=\"_ _c\"> </span>delibera)  detenute <span class=\"_ _211\"> </span>in portafoglio <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>Societ\u00e0, <span class=\"_ _0\"></span>mantenendo <span class=\"_ _0\"></span>invariato <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>capita<span class=\"_ _1\"></span>le <span class=\"_ _b\"></span>sociale <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _b\"></span>riduzione <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ise<span class=\"_ _1\"></span>rva <span class=\"_ _b\"></span>\u201cAzioni proprie\u201d <span class=\"_ _0\"></span>(<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ome risultante dal <span class=\"_ _0\"></span>Patrim<span class=\"_ _1\"></span>onio Netto <span class=\"_ _0\"></span>del Bilancio al <span class=\"_ _0\"></span>31 dicembre 2023) <span class=\"_ _0\"></span>per un v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ri <span class=\"_ _0\"></span>a Euro 37,6 milioni.<span class=\"_ _3\"></span> Al <span class=\"_ _16\"> </span>3<span class=\"_ _0\"></span>1 <span class=\"_ _16\"> </span>dicembre <span class=\"_ _1f\"> </span>2024 <span class=\"_ _16\"> </span>il <span class=\"_ _16\"> </span>capitale <span class=\"_ _16\"> </span>so<span class=\"_ _0\"></span>ciale <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _16\"> </span>pari <span class=\"_ _1f\"> </span>a <span class=\"_ _16\"> </span>E<span class=\"_ _0\"></span>uro <span class=\"_ _16\"> </span>7.291.809,72 <span class=\"_ _1f\"> </span>ed <span class=\"_ _1f\"> </span>\u00e8 <span class=\"_ _16\"> </span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentat<span class=\"_ _1\"></span>o <span class=\"_ _1f\"> </span>da <span class=\"_ _1f\"> </span>n\u00b0 319.316.003 azioni o<span class=\"_ _1\"></span>rdinarie prive di val<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re n<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>min<span class=\"_ _3\"></span>ale.<span class=\"_ _0\"></span> Le <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>sono q<span class=\"_ _0\"></span>uotat<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Merc<span class=\"_ _0\"></span>ato <span class=\"_ _0\"></span>Tel<span class=\"_ _3\"></span>ematic<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>Aziona<span class=\"_ _1\"></span>rio<span class=\"_ _0\"></span> organizzato <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>gestito <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>Borsa italiana S.p.A. dal 16<span class=\"_ _1\"></span> aprile 2014. Si rimanda a quanto <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enziato nella \u201cParte A \u2013 Po<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>itiche contab<span class=\"_ _1\"></span>ili -<span class=\"_ _0\"></span> Sez<span class=\"_ _1\"></span>ione 3 \u2013 Eventi successivi alla data <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>riferimento  d<span class=\"_ _0\"></span>el <span class=\"_ _c\"> </span>Bilan<span class=\"_ _1\"></span>cio <span class=\"_ _c\"> </span>consolidato\u201d <span class=\"_ _211\"> </span>del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _c\"> </span>pr<span class=\"_ _0\"></span>esente <span class=\"_ _211\"> </span>Nota <span class=\"_ _c\"> </span>Integrativa <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>onsolidata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>per <span class=\"_ _211\"> </span>g<span class=\"_ _0\"></span>li accadimenti intervenut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> suc<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essi<span class=\"_ _1\"></span>vamente al 31 dice<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bre 2024.<span class=\"_ _1\"></span> 11.2 Composizione delle \u201cAzioni propr<span class=\"_ _0\"></span>ie\u201d<span class=\"_ _3\"></span> <table class=\"s w69b h3ac\" id=\"_32430b26-5767-4f11-b893-7ef034a50d67\"><tr><td class=\"c n x1a9 y1a2a w69c h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">Ti<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>log<span class=\"_ _0\"></span>ie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a3 y1a2a w69d h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a4 y1a2a w69e h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a2b w69f h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">1. Azio<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> pro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a5 y1a2b w6a0 h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">(44.<span class=\"_ _0\"></span>529)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a6 y1a2b w6a1 h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">(48.7<span class=\"_ _0\"></span>57)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x7a7 y189a w6a2 h369\"><div class=\"t m31 x17f he7 y196b ff2 fs53 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 Az<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>ordinarie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a8 y189a w6a3 h369\"><div class=\"t m31 x17f he7 y196b ff2 fs53 fc1 sc0 ls0 ws0\">(44.5<span class=\"_ _0\"></span>29)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a9 y189a w6a4 h369\"><div class=\"t m31 x17f he7 y196b ff2 fs53 fc1 sc0 ls0 ws0\">(48.7<span class=\"_ _0\"></span>57<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m31 x7aa he6 y1a2c ff2 fs53 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 Altre <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni <span class=\"_ _2a6\"> </span><span class=\"ff3 fc3\">0<span class=\"_ _4a1\"> </span></span></td><td></td><td></td></tr></table>Al <span class=\"_ _0\"></span>31<span class=\"_ _0\"></span> dicembre <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>detene<span class=\"_ _1\"></span>va <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>\u00b0 12<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>10.0<span class=\"_ _1\"></span>34 <span class=\"_ _b\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _0\"></span>proprie, <span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>riv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>nomi<span class=\"_ _1\"></span>nale <span class=\"_ _0\"></span>(per un <span class=\"_ _c\"> </span>controvalore <span class=\"_ _211\"> </span>pari <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>circa <span class=\"_ _c\"> </span>Euro <span class=\"_ _c\"> </span>48,<span class=\"_ _1\"></span>8 <span class=\"_ _c\"> </span>milioni <span class=\"_ _c\"> </span>e <span class=\"_ _211\"> </span>un <span class=\"_ _c\"> </span>prezzo <span class=\"_ _211\"> </span>m<span class=\"_ _0\"></span>edi<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>unitario <span class=\"_ _c\"> </span>di <span class=\"_ _211\"> </span>circa <span class=\"_ _c\"> </span>Euro <span class=\"_ _211\"> </span>3,<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>06), corrispondenti a circa <span class=\"_ _1\"></span>il 3,891% del <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le sociale.  Si ricorda che: <span class=\"_ _1bb\"> </span><span class=\"ff2\">in  data <span class=\"_ _f\"> </span>13  settem<span class=\"_ _1\"></span>bre  2024 <span class=\"_ _f\"> </span>\u00e8  stato <span class=\"_ _f\"> </span>completato  il <span class=\"_ _f\"> </span>programm<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>di  a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisto <span class=\"_ _f\"> </span>di  azioni <span class=\"_ _f\"> </span>proprie </span>(avviato <span class=\"_ _18\"> </span>in <span class=\"_ _17\"> </span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _18\"> </span>21 <span class=\"_ _17\"> </span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>gg<span class=\"_ _0\"></span>io <span class=\"_ _17\"> </span>2024) <span class=\"_ _18\"> </span>sulla <span class=\"_ _17\"> </span>base<span class=\"_ _1\"></span> <span class=\"_ _18\"> </span>della <span class=\"_ _18\"> </span>delibera <span class=\"_ _17\"> </span>autorizzativa <span class=\"_ _17\"> </span>approvata<span class=\"_ _4a1\"> </span>dall\u2019Assemblea <span class=\"_ _1\"></span>degli Az<span class=\"_ _1\"></span>ionisti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Societ\u00e0 del <span class=\"_ _3\"></span>28 m<span class=\"_ _1\"></span>arzo 2024; <span class=\"_ _3\"></span>le azioni <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>cquistate nel <span class=\"_ _3\"></span>periodo 21 <span class=\"_ _b\"></span>maggio <span class=\"_ _b\"></span>\u2013 <span class=\"_ _b\"></span>13 <span class=\"_ _b\"></span>settembr<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>2024 <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>state <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>n\u00b0 <span class=\"_ _b\"></span>8.267.500, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>controvalore <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>circa<span class=\"_ _4a1\"> </span>Euro 40 milioni.<span class=\"_ _1\"></span> Come <span class=\"_ _18\"> </span>pr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>edente<span class=\"_ _1\"></span>mente <span class=\"_ _18\"> </span>in<span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>cat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, <span class=\"_ _18\"> </span>in <span class=\"_ _1d\"> </span>data <span class=\"_ _18\"> </span>1<span class=\"_ _0\"></span>\u00b0<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>maggio<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>2024 <span class=\"_ _1d\"> </span>\u00e8 <span class=\"_ _18\"> </span>divenuta <span class=\"_ _18\"> </span>effic<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>delibera dell\u2019Assemblea <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>egli <span class=\"_ _3\"></span>Azionisti<span class=\"_ _3\"></span> del <span class=\"_ _8\"></span>28<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>mar<span class=\"_ _0\"></span>zo <span class=\"_ _8\"></span>2024 <span class=\"_ _3\"></span>che, <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>sede <span class=\"_ _3\"></span>st<span class=\"_ _1\"></span>raordinaria, <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>disposto <span class=\"_ _3\"></span>l\u2019annullame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to di n\u00b0 <span class=\"_ _1\"></span>9.875.753 a<span class=\"_ _1\"></span>zioni ordi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>arie p<span class=\"_ _1\"></span>rive del <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lore nominale (pari <span class=\"_ _1\"></span>al 3% <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>azioni complessi<span class=\"_ _1\"></span>ve alla <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> di <span class=\"_ _15\"> </span>delibe<span class=\"_ _1\"></span>ra) <span class=\"_ _15\"> </span>detenute<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>in <span class=\"_ _15\"> </span>portafoglio <span class=\"_ _16\"> </span>dalla <span class=\"_ _1f\"> </span>Societ\u00e0, <span class=\"_ _1f\"> </span>mantenendo <span class=\"_ _1f\"> </span>invariato <span class=\"_ _16\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>capitale <span class=\"_ _1f\"> </span>sociale <span class=\"_ _1f\"> </span>con riduzione <span class=\"_ _211\"> </span>della <span class=\"_ _211\"> </span>riserva  \u201cAzioni <span class=\"_ _211\"> </span>proprie\u201d  (come  r<span class=\"_ _0\"></span>isultante  dal <span class=\"_ _211\"> </span>Patrimonio  Netto  d<span class=\"_ _0\"></span>el  Bilancio <span class=\"_ _211\"> </span>al  31 dicembre 2023) per <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n valore pa<span class=\"_ _1\"></span>ri a Euro 37,6 <span class=\"_ _1\"></span>milioni. Inoltre, <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>ricorda che <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>4 <span class=\"_ _0\"></span>aprile <span class=\"_ _0\"></span>2024<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>sta<span class=\"_ _1\"></span>te <span class=\"_ _0\"></span>esercitate <span class=\"_ _0\"></span>dai <span class=\"_ _0\"></span>beneficiari del <span class=\"_ _b\"></span>P<span class=\"_ _1\"></span>iano <span class=\"_ _0\"></span>LTIP <span class=\"_ _0\"></span>2021-<span class=\"_ _4a1\"> </span>2023 <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>diritti <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>al <span class=\"_ _f\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imo <span class=\"_ _5\"></span>ciclo <span class=\"_ _f\"> </span>(rife<span class=\"_ _1\"></span>rito <span class=\"_ _6\"></span>al <span class=\"_ _f\"> </span>trie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>nio <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>021-202<span class=\"_ _1\"></span>3), <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _5\"></span>conseguente <span class=\"_ _6\"></span>assegnazione gratuita <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>n<span class=\"_ _0\"></span>\u00b0 <span class=\"_ _211\"> </span>1.760.051 <span class=\"_ _c\"> </span>azioni <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _211\"> </span>Soc<span class=\"_ _0\"></span>iet\u00e0, <span class=\"_ _211\"> </span>attraverso <span class=\"_ _c\"> </span>l\u2019utilizzo <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _211\"> </span>azioni <span class=\"_ _c\"> </span>proprie <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ute <span class=\"_ _211\"> </span>n<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>l portafoglio <span class=\"_ _f\"> </span>dalla <span class=\"_ _f\"> </span>stessa, <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>riduzione <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>riserv<span class=\"_ _1\"></span>a <span class=\"_ _f\"> </span>\u201cAzioni  p<span class=\"_ _1\"></span>roprie\u201d <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>valore <span class=\"_ _f\"> </span>pari <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>6<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>7 milioni. Per <span class=\"_ _6\"></span>quanto <span class=\"_ _5\"></span>sopra, <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferimento <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>p<span class=\"_ _1\"></span>resente <span class=\"_ _5\"></span>Bilancio <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lidat<span class=\"_ _1\"></span>o, <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>Societ\u00e0 <span class=\"_ _5\"></span>deteneva <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>\u00b0 9.441.730 <span class=\"_ _b\"></span>azioni <span class=\"_ _5\"></span>proprie, <span class=\"_ _b\"></span>prive <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>ore <span class=\"_ _5\"></span>nominale, <span class=\"_ _b\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>circa <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>2,957% <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>apitale <span class=\"_ _b\"></span>sociale, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n controvalore <span class=\"_ _3\"></span>complessivo p<span class=\"_ _3\"></span>ar<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>circa Euro <span class=\"_ _3\"></span>44,5 m<span class=\"_ _3\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>oni, cor<span class=\"_ _1\"></span>rispondente <span class=\"_ _1\"></span>ad <span class=\"_ _3\"></span>un prezzo <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>un<span class=\"_ _0\"></span>ita<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>di circa Euro 4,716. Si rimanda a quanto <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enziato nella \u201cParte A \u2013 Po<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>itiche contab<span class=\"_ _1\"></span>ili -<span class=\"_ _0\"></span> Sez<span class=\"_ _1\"></span>ione 3 \u2013 Eventi successivi alla data <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>riferimento  d<span class=\"_ _0\"></span>el <span class=\"_ _c\"> </span>Bilan<span class=\"_ _1\"></span>cio <span class=\"_ _c\"> </span>consolidato\u201d <span class=\"_ _211\"> </span>del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _c\"> </span>pr<span class=\"_ _0\"></span>esente <span class=\"_ _211\"> </span>Nota <span class=\"_ _c\"> </span>Integrativa <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>onsolidata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>per <span class=\"_ _211\"> </span>g<span class=\"_ _0\"></span>li accadimenti intervenut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> suc<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essi<span class=\"_ _1\"></span>vamente al 31 dice<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bre 2024.<span class=\"_ _1\"></span> 11.4 Composizione dei \u201cSovrapprezzi di emissione\u201d <table class=\"s w6a5 h3ad\" id=\"_ba35672b-085e-4d69-b4b4-d5862a8baa53\"><tr><td class=\"c n x1a9 y1a2e w6a6 h369\"><div class=\"t m32 x17f he9 y1a2d ff3 fs54 fc1 sc0 ls0 ws0\">Tipo<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ab y1a2e w6a7 h369\"><div class=\"t m32 x17f he9 y1a2d ff3 fs54 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ac y1a2e w6a8 h369\"><div class=\"t m32 x17f he9 y1a2d ff3 fs54 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w6a9 h383\"><div class=\"t m32 x17f hea y1a2f ff2 fs54 fc1 sc0 ls0 ws0\">Sovrapprez<span class=\"_ _3\"></span>zi di e<span class=\"_ _3\"></span>mis<span class=\"_ _0\"></span>sione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ad y16d8 w6aa h383\"><div class=\"t m32 x17f hea y1a2f ff2 fs54 fc1 sc0 ls0 ws0\">78<span class=\"_ _0\"></span>7.65<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ae y16d8 w6ab h383\"><div class=\"t m32 x17f hea y1a2f ff2 fs54 fc1 sc0 ls0 ws0\">78<span class=\"_ _0\"></span>7.65<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td></tr></table>S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 4<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> 4.1 Il patrimonio d<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>ll\u2019impresa<span class=\"_ _3\"></span>  4.1.1 Informazioni di na<span class=\"_ _1\"></span>tura qualitativa<span class=\"_ _3\"></span> Il <span class=\"_ _f\"></span>capita<span class=\"_ _1\"></span>le <span class=\"_ _f\"> </span>so<span class=\"_ _1\"></span>ciale <span class=\"_ _f\"> </span>della <span class=\"_ _6\"></span>Societ\u00e0 <span class=\"_ _6\"></span>al <span class=\"_ _f\"> </span>3<span class=\"_ _1\"></span>1 <span class=\"_ _f\"> </span>dicem<span class=\"_ _1\"></span>bre <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>24 <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _6\"></span>interamente <span class=\"_ _6\"></span>so<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>oscritto <span class=\"_ _f\"></span>e <span class=\"_ _6\"></span>versato <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>isulta essere <span class=\"_ _211\"> </span>pari  a <span class=\"_ _c\"> </span>Euro  7.291.809,72  diviso  in <span class=\"_ _211\"> </span>n<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span>319.316.003 <span class=\"_ _211\"> </span>azioni  prive  dell\u2019indicazione  del <span class=\"_ _211\"> </span>valore nominale. <span class=\"_ _1\"></span> Le <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>sono q<span class=\"_ _0\"></span>uotat<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Merc<span class=\"_ _0\"></span>ato <span class=\"_ _0\"></span>Tel<span class=\"_ _3\"></span>ematic<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>Aziona<span class=\"_ _1\"></span>rio<span class=\"_ _0\"></span> organizzato <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>gestito <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>Borsa italiana S.p.A. dal 16<span class=\"_ _1\"></span> aprile 2014. Si <span class=\"_ _1\"></span>ricorda <span class=\"_ _3\"></span>che in <span class=\"_ _3\"></span>data <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>7 <span class=\"_ _3\"></span>febbraio <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>25 <span class=\"_ _1\"></span>(cfr. <span class=\"_ _3\"></span>comunicato <span class=\"_ _3\"></span>stampa \u201cVa<span class=\"_ _1\"></span>riazione <span class=\"_ _3\"></span>del capita<span class=\"_ _1\"></span>le <span class=\"_ _3\"></span>sociale\u201d de<span class=\"_ _3\"></span>l 1<span class=\"_ _1\"></span>7 febbraio <span class=\"_ _f\"> </span>2025) <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>avvenuto <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>deposito <span class=\"_ _f\"> </span>dell\u2019attesta<span class=\"_ _1\"></span>zione  d<span class=\"_ _3\"></span>i  emiss<span class=\"_ _1\"></span>ione <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>n\u00b0 <span class=\"_ _f\"> </span>5.899.814 <span class=\"_ _f\"> </span>nuove <span class=\"_ _f\"> </span>azioni<span class=\"_ _1\"></span> ordinarie, <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>odime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>regolare, al<span class=\"_ _3\"></span> servizi<span class=\"_ _1\"></span>o del <span class=\"_ _3\"></span>piano <span class=\"_ _3\"></span>LTIP 24-26<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>er mass<span class=\"_ _1\"></span>imi <span class=\"_ _1\"></span>nominali <span class=\"_ _3\"></span>Euro 12<span class=\"_ _1\"></span>9.795,91, mediante  imp<span class=\"_ _1\"></span>utazione  a<span class=\"_ _1\"></span>  capita<span class=\"_ _1\"></span>le  di  un  imp<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>di  corrispondente <span class=\"_ _f\"> </span>ammontare  t<span class=\"_ _1\"></span>ratto  dalle  r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>ve disponibili, <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>esecuzione <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>eli<span class=\"_ _1\"></span>bera <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>aument<span class=\"_ _3\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>capitale <span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>ale<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>titolo <span class=\"_ _0\"></span>gratui<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>approvata<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>dal Consiglio <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>Amministrazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _b\"></span>5 <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>ebb<span class=\"_ _1\"></span>raio <span class=\"_ _5\"></span>2025 <span class=\"_ _b\"></span>(cfr. <span class=\"_ _b\"></span>comunicato <span class=\"_ _b\"></span>stampa <span class=\"_ _b\"></span>\u201cRisultati <span class=\"_ _b\"></span>consolidati per <span class=\"_ _b\"></span>l\u2019esercizio <span class=\"_ _b\"></span>2024\u201d <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>5 <span class=\"_ _b\"></span>febbraio <span class=\"_ _b\"></span>2025), <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>parziale <span class=\"_ _0\"></span>eser<span class=\"_ _0\"></span>cizio <span class=\"_ _b\"></span>dell\u2019autorizzaz<span class=\"_ _1\"></span>ione <span class=\"_ _b\"></span>conferita <span class=\"_ _b\"></span>ai <span class=\"_ _b\"></span>sensi dell\u2019art. 2443 C.C. dall<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>Assemb<span class=\"_ _1\"></span>lea Straordinaria <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>egli Azio<span class=\"_ _1\"></span>nisti del 28 marzo <span class=\"_ _1\"></span>2024. Pertanto, <span class=\"_ _0\"></span>alla data d<span class=\"_ _0\"></span>i approv<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione d<span class=\"fsd\">el <span class=\"_ _0\"></span>proget<span class=\"_ _3\"></span>to<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Bilancio da <span class=\"_ _0\"></span>parte del <span class=\"_ _0\"></span>C<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>glio<span class=\"_ _0\"></span> di <span class=\"_ _0\"></span>Am<span class=\"_ _1\"></span>ministrazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>(4 </span>marzo <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>025), <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciale <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>H<span class=\"_ _1\"></span>olding <span class=\"_ _b\"></span><span class=\"fs2\">\u00e8 <span class=\"_ _b\"></span>pa<span class=\"_ _1\"></span>ri <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>7.421.605,63 <span class=\"_ _b\"></span>ed <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentato <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>n\u00b0 </span>325.215.817 azioni o<span class=\"_ _1\"></span>rdinarie prive di val<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re n<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>min<span class=\"_ _3\"></span>ale.<span class=\"_ _4a1\"> </span>Si i<span class=\"_ _0\"></span>nforma che <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>data 1<span class=\"_ _0\"></span>2 febbraio 2025, <span class=\"_ _0\"></span>veri<span class=\"_ _1\"></span>fic<span class=\"_ _0\"></span>ate le Cond<span class=\"_ _0\"></span>izi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni di <span class=\"_ _0\"></span>Perma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>enza, sono <span class=\"_ _0\"></span>state attribuite ai <span class=\"_ _b\"></span>B<span class=\"_ _0\"></span>ene<span class=\"_ _1\"></span>ficiari <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>\u00b0 <span class=\"_ _b\"></span>15.341.544 <span class=\"_ _b\"></span>azioni <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>relazio<span class=\"_ _1\"></span>ne <span class=\"_ _5\"></span>ai <span class=\"_ _b\"></span>Piani <span class=\"_ _5\"></span>L<span class=\"_ _0\"></span>TIP <span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>-23 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>LTIP <span class=\"_ _5\"></span>24-26, <span class=\"_ _5\"></span>con <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>\u2019<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tilizz<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>\u00b0 9.441.730 <span class=\"_ _6\"></span>azioni <span class=\"_ _f\"> </span>pr<span class=\"_ _1\"></span>oprie <span class=\"_ _6\"></span>detenute <span class=\"_ _6\"></span>nel <span class=\"_ _f\"> </span>portaf<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>glio<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>dalla <span class=\"_ _6\"></span>Societ\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>n\u00b0 <span class=\"_ _f\"> </span>5.899.<span class=\"_ _1\"></span>814 <span class=\"_ _6\"></span>azioni <span class=\"_ _f\"> </span>deri<span class=\"_ _1\"></span>vanti <span class=\"_ _6\"></span>dal predetto aume<span class=\"_ _1\"></span>nto di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le (c<span class=\"_ _1\"></span>fr. comuni<span class=\"_ _1\"></span>cato stam<span class=\"_ _3\"></span>pa \u201cVariazione del <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apitale <span class=\"_ _3\"></span>sociale\u201d <span class=\"_ _1\"></span>del 17 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>eb<span class=\"_ _1\"></span>braio 2025). <span class=\"_ _5\"></span>Pertanto, <span class=\"_ _b\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>approvazione <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>pre<span class=\"_ _1\"></span>sente <span class=\"_ _5\"></span>Bilancio <span class=\"_ _b\"></span>consolidato, <span class=\"_ _5\"></span>la <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _b\"></span>non <span class=\"_ _5\"></span>detiene azioni proprie i<span class=\"_ _1\"></span>n por<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>foglio. Sulla <span class=\"_ _15\"> </span>b<span class=\"_ _0\"></span>ase<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>comunicazioni <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>ai <span class=\"_ _d\"> </span>sensi<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>dell\u2019art. <span class=\"_ _15\"> </span>120 <span class=\"_ _d\"> </span>del <span class=\"_ _1f\"> </span>D.Lgs. <span class=\"_ _15\"> </span>n. <span class=\"_ _15\"> </span>58/98 <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>delle <span class=\"_ _15\"> </span>ulteriori informazioni <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>disposizione <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>Societ\u00e0, <span class=\"_ _0\"></span><span class=\"fsd\">alla d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>approvazione<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>progetto <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Bilanci<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>del </span>Consiglio <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>Ammi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>istraz<span class=\"_ _1\"></span>ione,<span class=\"fs2\"> <span class=\"_ _b\"></span>gli <span class=\"_ _5\"></span>azionisti <span class=\"_ _0\"></span>detentori <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>partecipazioni <span class=\"_ _b\"></span>rilevanti <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>Anima <span class=\"_ _5\"></span>Hol<span class=\"_ _1\"></span>ding <span class=\"_ _b\"></span>(soci </span>che <span class=\"_ _b\"></span>parte<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>direttamente o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>indirettamente in<span class=\"_ _0\"></span> mi<span class=\"_ _0\"></span>su<span class=\"_ _1\"></span>ra <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>3% <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le <span class=\"_ _0\"></span>sociale <span class=\"_ _0\"></span>ovvero 5% <span class=\"_ _3\"></span>per <span class=\"_ _1\"></span>le <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>.d. <span class=\"_ _3\"></span>\u201cpartecip<span class=\"_ _1\"></span>azioni <span class=\"_ _3\"></span>gestite\u201d), <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>sultano <span class=\"_ _3\"></span>essere <span class=\"_ _3\"></span>Banco <span class=\"_ _1\"></span>BPM <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _3\"></span>(\u201cBanco <span class=\"_ _3\"></span>BPM\u201d) <span class=\"_ _3\"></span>con <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>21,97%, Poste <span class=\"_ _3\"></span>Italiane <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _1\"></span>(\u201cPoste <span class=\"_ _3\"></span>Italia<span class=\"_ _1\"></span>ne\u201d <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>Poste<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span>) <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>11,74%, <span class=\"_ _3\"></span>FSI <span class=\"_ _3\"></span>SGR <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>amite <span class=\"_ _3\"></span>FSI <span class=\"_ _3\"></span>Holdin<span class=\"_ _3\"></span>g 2 <span class=\"_ _3\"></span>S.<span class=\"_ _1\"></span>r.l. \u2013 <span class=\"_ _211\"> </span>\u201c<span class=\"_ _0\"></span>FSI\u201d))<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>con  il<span class=\"_ _0\"></span>  9,59%, <span class=\"_ _211\"> </span>Gaetano <span class=\"_ _211\"> </span>Francesco  Caltagirone, <span class=\"_ _c\"> </span>t<span class=\"_ _1\"></span>ramite <span class=\"_ _211\"> </span>G<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>mma <span class=\"_ _c\"> </span>S.r.l.,  con <span class=\"_ _211\"> </span>il <span class=\"_ _c\"> </span>5,20% <span class=\"_ _211\"> </span>e  The Goldman Sachs Gr<span class=\"_ _1\"></span>oup Inc. con il 4,6<span class=\"_ _1\"></span>5%.  Anima Holding non <span class=\"_ _0\"></span>ha<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>emess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> azioni di go<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>imento, obbligazioni convertib<span class=\"_ _1\"></span>ili in <span class=\"_ _0\"></span>azioni,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>n\u00e9<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>tit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>li o v<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>ori similari. 4.1.2 Informazioni di na<span class=\"_ _1\"></span>tura quantitativa<span class=\"_ _3\"></span> 4.1.2.1 Patrimonio de<span class=\"_ _1\"></span>ll\u2019impresa: com<span class=\"_ _1\"></span>posizione <table class=\"s w90d h3ce\" id=\"_9fa85d79-82f0-4a03-b6ba-5aef7af4452f\"><tr><td class=\"c n x1a9 y1b82 w90e h386\"><div class=\"t ma x17f h148 y1b81 ff3 fs7a fc1 sc0 ls0 ws0\">Voci/Va<span class=\"_ _1\"></span>lor<span class=\"_ _3\"></span>i</div></td><td></td><td class=\"c n xa4a y1b82 w90f h386\"><div class=\"t ma x17f h148 y1b81 ff3 fs7a fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.20<span class=\"_ _0\"></span>24</div></td><td class=\"c n xa4b y1b82 w910 h386\"><div class=\"t ma x17f h148 y1b81 ff3 fs7a fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.20<span class=\"_ _0\"></span>23</div></td></tr><tr><td class=\"c n x1a9 y1b84 w911 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">1.<span class=\"_ _1b\"> </span>C<span class=\"_ _0\"></span>apit<span class=\"_ _1\"></span>ale</div></td><td></td><td class=\"c n xa4c y1b84 w912 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>.292</div></td><td class=\"c n xa4d y1b84 w912 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">7.29<span class=\"_ _0\"></span>2</div></td></tr><tr><td class=\"c n x1a9 y1b85 w913 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">2.<span class=\"_ _1b\"> </span>S<span class=\"_ _0\"></span>ovrappr<span class=\"_ _1\"></span>ezzi<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>em<span class=\"_ _3\"></span>is<span class=\"_ _0\"></span>sione</div></td><td></td><td class=\"c n xa4e y1b85 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">787<span class=\"_ _0\"></span>.652</div></td><td class=\"c n xa4f y1b85 w915 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">78<span class=\"_ _0\"></span>7.652</div></td></tr><tr><td class=\"c n x1a9 y1b86 w916 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">3.<span class=\"_ _1b\"> </span>Ris<span class=\"_ _0\"></span>erve</div></td><td></td><td class=\"c n xa50 y1b86 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">590<span class=\"_ _0\"></span>.732</div></td><td class=\"c n xa51 y1b86 w917 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">53<span class=\"_ _0\"></span>3.37<span class=\"_ _0\"></span>5</div></td></tr><tr><td></td><td class=\"c n x8b1 y1b87 w918 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">- di utili</div></td><td class=\"c n xa52 y1b87 w917 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>83.9<span class=\"_ _0\"></span>58</div></td><td class=\"c n xa53 y1b87 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">630.43<span class=\"_ _0\"></span>7</div></td></tr><tr><td></td><td class=\"c n xa54 y1b88 w919 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">a) legale</div></td><td class=\"c n xa55 y1b88 w912 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.458</div></td><td class=\"c n xa56 y1b88 w91a h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>458</div></td></tr><tr><td></td><td class=\"c n xa54 y1b89 w91b h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">d) altre</div></td><td class=\"c n xa57 y1b89 w91c h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>82.5<span class=\"_ _0\"></span>00</div></td><td class=\"c n xa58 y1b89 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">628.97<span class=\"_ _0\"></span>9</div></td></tr><tr><td></td><td class=\"c n x8b1 y1b8a w91d h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">- alt<span class=\"_ _1\"></span>re</div></td><td class=\"c n xa59 y1b8a w91e h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(93.2<span class=\"_ _0\"></span>26)</div></td><td class=\"c n xa5a y1b8a w91e h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(9<span class=\"_ _0\"></span>7.062)</div></td></tr><tr><td class=\"c n x1a9 y1b8b w91f h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">4.</div></td><td class=\"c n xa5b y1b8b w920 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>Azioni propr<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>)</div></td><td class=\"c n xa5c y1b8b w921 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(44<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>29)</div></td><td class=\"c n xa5d y1b8b w91e h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(48.<span class=\"_ _0\"></span>757)</div></td></tr><tr><td class=\"c n x1a9 y1b8c w922 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">5. <span class=\"_ _1f\"> </span>Ri<span class=\"_ _0\"></span>serve<span class=\"_ _3\"></span> da valut<span class=\"_ _1\"></span>azion<span class=\"_ _1\"></span>e</div></td><td></td><td class=\"c n xa5e y1b8c w923 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">91.913</div></td><td class=\"c n xa5f y1b8c w924 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>2.67<span class=\"_ _0\"></span>1</div></td></tr><tr><td></td><td class=\"c x8df y1b8d w36 h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">- Titoli d<span class=\"_ _1\"></span>i capit<span class=\"_ _3\"></span>ale desig<span class=\"_ _1\"></span>nati<span class=\"_ _1\"></span> al fair value<span class=\"_ _3\"></span> con impatt<span class=\"_ _3\"></span>o s<span class=\"_ _0\"></span>ull<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> r<span class=\"_ _1\"></span>eddit<span class=\"_ _1\"></span>ivit<span class=\"_ _3\"></span>\u00e0 comple<span class=\"_ _3\"></span>ss<span class=\"_ _0\"></span>iva</div></td><td class=\"c xa60 y1b8d w2b h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">92.1<span class=\"_ _0\"></span>48</div></td><td class=\"c xa61 y1b8d w2b h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">13.<span class=\"_ _0\"></span>180</div></td></tr><tr><td></td><td class=\"c x8df y1b8e w38 h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">- U<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ili/pe<span class=\"_ _1\"></span>rdit<span class=\"_ _1\"></span>e at<span class=\"_ _3\"></span>tuariali r<span class=\"_ _1\"></span>elat<span class=\"_ _3\"></span>ivi a piani pre<span class=\"_ _3\"></span>videnz<span class=\"_ _1\"></span>iali a be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>init<span class=\"_ _3\"></span>i </div></td><td class=\"c x4ea y1b8e w39 h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">(235<span class=\"_ _0\"></span>)</div></td><td class=\"c xa49 y1b8e w39 h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">(50<span class=\"_ _0\"></span>9)</div></td></tr><tr><td class=\"c n x1a9 y1b8f w925 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">6.<span class=\"_ _1b\"> </span>S<span class=\"_ _0\"></span>trum<span class=\"_ _3\"></span>enti di c<span class=\"_ _1\"></span>apit<span class=\"_ _3\"></span>ale</div></td><td></td><td class=\"c n xa62 y1b8f w926 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc3 sc0 ls0 ws0\">-</div></td><td class=\"c n xa63 y1b8f w927 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc3 sc0 ls0 ws0\">-</div></td></tr><tr><td class=\"c n x1a9 y1b90 w928 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">7.<span class=\"_ _1b\"> </span>U<span class=\"_ _0\"></span>tile<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>(pe<span class=\"_ _3\"></span>rdita)<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>d'e<span class=\"_ _1\"></span>serci<span class=\"_ _3\"></span>zio</div></td><td></td><td class=\"c n xa64 y1b90 w91c h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>27<span class=\"_ _0\"></span>.845</div></td><td class=\"c n xa65 y1b90 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">149.<span class=\"_ _0\"></span>288</div></td></tr><tr><td class=\"c n x1a9 y16d8 w929 h38b\"><div class=\"t ma x17f h148 y1b91 ff3 fs7a fc1 sc0 ls0 ws0\">Totale</div></td><td></td><td class=\"c n xa66 y16d8 w92a h38b\"><div class=\"t ma x17f h148 y1b91 ff3 fs7a fc1 sc0 ls0 ws0\">1.6<span class=\"_ _0\"></span>60<span class=\"_ _0\"></span>.90<span class=\"_ _0\"></span>5</div></td><td class=\"c n xa67 y16d8 w92a h38b\"><div class=\"t ma x17f h148 y1b91 ff3 fs7a fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.44<span class=\"_ _0\"></span>1.5<span class=\"_ _0\"></span>21</div></td></tr></table>Si <span class=\"_ _211\"> </span>ricorda  c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span>l\u2019Assemblea  degli <span class=\"_ _211\"> </span>Azionisti  della <span class=\"_ _211\"> </span>Societ\u00e0,  in <span class=\"_ _211\"> </span>data <span class=\"_ _211\"> </span>28 <span class=\"_ _211\"> </span>marzo  2024, <span class=\"_ _211\"> </span>ha <span class=\"_ _c\"> </span>delibe<span class=\"_ _1\"></span>rato  la distribuzione <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>un <span class=\"_ _c\"> </span>dividendo, <span class=\"_ _211\"> </span>pari <span class=\"_ _c\"> </span>ad <span class=\"_ _c\"> </span>Euro <span class=\"_ _211\"> </span>0,25 <span class=\"_ _211\"> </span>per <span class=\"_ _16\"> </span>azio<span class=\"_ _1\"></span>ne <span class=\"_ _c\"> </span>(con <span class=\"_ _c\"> </span>esclusione  d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>azioni <span class=\"_ _c\"> </span>proprie detenute <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _3\"></span>Societ\u00e0), che <span class=\"_ _1\"></span>\u00e8 st<span class=\"_ _1\"></span>ato p<span class=\"_ _1\"></span>agato a <span class=\"_ _3\"></span>partire dal <span class=\"_ _3\"></span>22<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>maggio <span class=\"_ _3\"></span>2024 (stac<span class=\"_ _1\"></span>co della <span class=\"_ _3\"></span>cedola n\u00b0 <span class=\"_ _3\"></span>11 il <span class=\"_ _1\"></span>20<span class=\"_ _3\"></span> maggio 2024 e recor<span class=\"_ _1\"></span>d date il 21 ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio 2024).<span class=\"_ _4a1\"> </span><span class=\"_ _1\"></span> 4.1.2.2 <span class=\"_ _5\"></span>Riserve <span class=\"_ _6\"></span>da <span class=\"_ _5\"></span>valutazione <span class=\"_ _6\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziar<span class=\"_ _3\"></span>ie <span class=\"_ _6\"></span>valutate <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _6\"></span>con <span class=\"_ _5\"></span>impatto <span class=\"_ _6\"></span>sulla <span class=\"_ _5\"></span>redditivit\u00e0 complessiva: composi<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span> <table class=\"s w92b h3d0\" id=\"_9b383d04-c3d9-4a94-833a-0c6fc8c28931\"><tr><td class=\"t m1c xa68 h14b y1b92 ff3 fs7b fc1 sc0 ls0 ws0\">Attivit\u00e0/Val<span class=\"_ _3\"></span>ori<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n xa69 y1b08 w92c h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6a y1b94 w92d h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6b y1b08 w92e h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6c y1b94 w92f h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1c xa68 h14c y1b95 ff2 fs7b fc1 sc0 ls0 ws0\">1.<span class=\"_ _17\"> </span>Titoli<span class=\"_ _1\"></span> di de<span class=\"_ _1\"></span>bito<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n xa6d y1b96 w930 h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Riserva posi<span class=\"_ _3\"></span>tiv<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6e y1b96 w931 h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Rise<span class=\"_ _0\"></span>rva n<span class=\"_ _3\"></span>egativa<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6f y1b96 w932 h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Riserva pos<span class=\"_ _1\"></span>itiva<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa70 y1b96 w933 h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Rise<span class=\"_ _0\"></span>rva<span class=\"_ _1\"></span> nega<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b97 w934 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc1 sc0 ls0 ws0\">2.<span class=\"_ _17\"> </span>Titoli<span class=\"_ _1\"></span> di capit<span class=\"_ _3\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa71 y1b97 w935 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc1 sc0 ls0 ws0\">92<span class=\"_ _0\"></span>.148<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa72 y1b97 w936 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.180<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1b98 w937 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc1 sc0 ls0 ws0\">3.<span class=\"_ _17\"> </span>Fina<span class=\"_ _1\"></span>nziam<span class=\"_ _1\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa73 y1b98 w938 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa74 y1b98 w939 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n xa75 y16d8 w92d h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa76 y16d8 w93a h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">92.<span class=\"_ _0\"></span>148<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa77 y16d8 w93b h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>80<span class=\"_ _4a1\"> </span></div></td><td></td></tr></table>Nella <span class=\"_ _f\"></span>tabella <span class=\"_ _6\"></span>sopra <span class=\"_ _f\"> </span>esposta, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>voce <span class=\"_ _f\"> </span>\u201c2. <span class=\"_ _f\"> </span>T<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>toli <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>ca<span class=\"_ _1\"></span>pitale\u201d <span class=\"_ _6\"></span>ac<span class=\"_ _0\"></span>coglie <span class=\"_ _f\"></span>la <span class=\"_ _5\"></span>vari<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _f\"></span>del <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>l <span class=\"_ _6\"></span>31 dicembre 2024 dei tit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>li az<span class=\"_ _1\"></span>ionari BMPS a<span class=\"_ _1\"></span>cquisiti dalla S<span class=\"_ _1\"></span>ociet\u00e0. 4.1.2.3 <span class=\"_ _5\"></span>Riserve <span class=\"_ _6\"></span>da <span class=\"_ _5\"></span>valutazione <span class=\"_ _6\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziar<span class=\"_ _3\"></span>ie <span class=\"_ _6\"></span>valutate <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _6\"></span>con <span class=\"_ _5\"></span>impatto <span class=\"_ _6\"></span>sulla <span class=\"_ _5\"></span>redditivit\u00e0 complessiva: variazioni an<span class=\"_ _1\"></span>nue <table class=\"s w93c h3d1\" id=\"_e8345395-d352-45d4-aa24-13a82ee0b992\"><tr><td></td><td class=\"t m2d xa78 h14e y1b99 ff3 fs7c fc1 sc0 ls0 ws0\">Titoli<span class=\"_ _3\"></span> di <span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _3\"></span>itale<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1b69 w93d h342\"><div class=\"t m2d x17f h14e y1b9a ff3 fs7c fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>. Esistenz<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> ini<span class=\"_ _3\"></span>zi<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa79 y1b69 w93e h342\"><div class=\"t m2d x17f h14e y1b9a ff3 fs7c fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>180<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b9b w93f h34b\"><div class=\"t m2d x17f h14f y1ae9 ff2 fs7c fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> V<span class=\"_ _0\"></span>ariaz<span class=\"_ _3\"></span>ioni pos<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7a y1b9b w940 h34b\"><div class=\"t m2d x17f h14f y1ae9 ff2 fs7c fc1 sc0 ls0 ws0\">78.9<span class=\"_ _0\"></span>68<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xa7b y1b9d w941 h3bb\"><div class=\"t m2d x17f h14f y1b9c ff5 fs7c fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span>  In<span class=\"_ _0\"></span>cremen<span class=\"_ _0\"></span>ti di<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>fair v<span class=\"_ _0\"></span>alue<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7c y1b9d w942 h3bb\"><div class=\"t m2d x17f h14f y1b9c ff5 fs7c fc1 sc0 ls0 ws0\">78<span class=\"_ _0\"></span>.96<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b9e w943 h34c\"><div class=\"t m2d x17f h14f y1ae9 ff2 fs7c fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> V<span class=\"_ _0\"></span>ariaz<span class=\"_ _3\"></span>ioni negat<span class=\"_ _3\"></span>ive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7d y1b9e w944 h34c\"><div class=\"t m2d x17f h14f y1ae9 ff2 fs7c fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xa7b y1b9f w945 h3a0\"><div class=\"t m2d x17f h14f y1b9c ff5 fs7c fc1 sc0 ls0 ws0\">3.1<span class=\"_ _0\"></span> Rid<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>ioni<span class=\"_ _0\"></span> di fair v<span class=\"_ _0\"></span>alue<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7e y1b9f w944 h3a0\"><div class=\"t m2d x17f h14f y1b9c ff5 fs7c fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w946 h340\"><div class=\"t m2d x17f h14e y1ba0 ff3 fs7c fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>. Rima<span class=\"_ _3\"></span>nenz<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>fin<span class=\"_ _3\"></span>ali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7f y16d8 w947 h340\"><div class=\"t m2d x17f h14e y1ba0 ff3 fs7c fc1 sc0 ls0 ws0\">92<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>48</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-38": {
   "value": "Sezi<span class=\"_ _0\"></span>on<span class=\"_ _1\"></span>e 11 \u2013 Patr<span class=\"_ _1\"></span>imonio \u2013 Voci 110, 120, <span class=\"_ _0\"></span>130, <span class=\"_ _3\"></span>140, <span class=\"_ _0\"></span>150 e 160<span class=\"ff2 fs2\"> </span>11.1 Composizione del \u201cCapitale\u201d <table class=\"s w693 h3ab\" id=\"_b86329ea-e859-4726-9ddc-9b62497a65ab\"><tr><td class=\"c n x1a9 y1a25 w694 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">Ti<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>log<span class=\"_ _0\"></span>ie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79b y1a25 w695 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79c y1a25 w696 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">31.12<span class=\"_ _0\"></span>.2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a26 w697 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">1. Capi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79d y1a26 w698 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x79e y1a26 w698 h368\"><div class=\"t m30 x17f he4 y17bf ff3 fs52 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x79f y1a27 w699 h369\"><div class=\"t m30 x17f he5 y19f9 ff2 fs52 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 Az<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>ordinarie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a0 y1a27 w69a h369\"><div class=\"t m30 x17f he5 y19f9 ff2 fs52 fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>292<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a1 y1a27 w69a h369\"><div class=\"t m30 x17f he5 y19f9 ff2 fs52 fc1 sc0 ls0 ws0\">7.2<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m30 x7a2 he4 y1a28 ff2 fs52 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 Altre <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni<span class=\"_ _2d5\"> </span><span class=\"ff3 fc3\">0<span class=\"_ _4a1\"> </span></span></td><td></td><td></td></tr></table>Si ricorda che in data 1\u00b0 maggio 2024 \u00e8 dive<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>uta eff<span class=\"_ _1\"></span>icac<span class=\"_ _0\"></span>e la <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>elibe<span class=\"_ _1\"></span>ra dell\u2019Assemblea de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li Azionisti del<span class=\"_ _1\"></span> 28 mar<span class=\"_ _0\"></span>zo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>2024 che, <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>se<span class=\"_ _1\"></span>de <span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ao<span class=\"_ _1\"></span>rdinaria, ha <span class=\"_ _0\"></span>disp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>to <span class=\"_ _0\"></span>l\u2019ann<span class=\"_ _1\"></span>ullamento di n\u00b0 <span class=\"_ _0\"></span>9.8<span class=\"_ _1\"></span>75.753 <span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ioni ordinarie prive <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>  v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>re <span class=\"_ _211\"> </span>nominale <span class=\"_ _211\"> </span>(pari <span class=\"_ _211\"> </span>al <span class=\"_ _211\"> </span>3<span class=\"_ _0\"></span>%  dell<span class=\"_ _0\"></span>e  azioni  c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mplessive  all<span class=\"_ _0\"></span>a  data <span class=\"_ _211\"> </span>di <span class=\"_ _c\"> </span>delibera)  detenute <span class=\"_ _211\"> </span>in portafoglio <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>Societ\u00e0, <span class=\"_ _0\"></span>mantenendo <span class=\"_ _0\"></span>invariato <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>capita<span class=\"_ _1\"></span>le <span class=\"_ _b\"></span>sociale <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n <span class=\"_ _b\"></span>riduzione <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ise<span class=\"_ _1\"></span>rva <span class=\"_ _b\"></span>\u201cAzioni proprie\u201d <span class=\"_ _0\"></span>(<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ome risultante dal <span class=\"_ _0\"></span>Patrim<span class=\"_ _1\"></span>onio Netto <span class=\"_ _0\"></span>del Bilancio al <span class=\"_ _0\"></span>31 dicembre 2023) <span class=\"_ _0\"></span>per un v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ri <span class=\"_ _0\"></span>a Euro 37,6 milioni.<span class=\"_ _3\"></span> Al <span class=\"_ _16\"> </span>3<span class=\"_ _0\"></span>1 <span class=\"_ _16\"> </span>dicembre <span class=\"_ _1f\"> </span>2024 <span class=\"_ _16\"> </span>il <span class=\"_ _16\"> </span>capitale <span class=\"_ _16\"> </span>so<span class=\"_ _0\"></span>ciale <span class=\"_ _16\"> </span>\u00e8 <span class=\"_ _16\"> </span>pari <span class=\"_ _1f\"> </span>a <span class=\"_ _16\"> </span>E<span class=\"_ _0\"></span>uro <span class=\"_ _16\"> </span>7.291.809,72 <span class=\"_ _1f\"> </span>ed <span class=\"_ _1f\"> </span>\u00e8 <span class=\"_ _16\"> </span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentat<span class=\"_ _1\"></span>o <span class=\"_ _1f\"> </span>da <span class=\"_ _1f\"> </span>n\u00b0 319.316.003 azioni o<span class=\"_ _1\"></span>rdinarie prive di val<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re n<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>min<span class=\"_ _3\"></span>ale.<span class=\"_ _0\"></span> Le <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>sono q<span class=\"_ _0\"></span>uotat<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Merc<span class=\"_ _0\"></span>ato <span class=\"_ _0\"></span>Tel<span class=\"_ _3\"></span>ematic<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>Aziona<span class=\"_ _1\"></span>rio<span class=\"_ _0\"></span> organizzato <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>gestito <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>Borsa italiana S.p.A. dal 16<span class=\"_ _1\"></span> aprile 2014. Si rimanda a quanto <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enziato nella \u201cParte A \u2013 Po<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>itiche contab<span class=\"_ _1\"></span>ili -<span class=\"_ _0\"></span> Sez<span class=\"_ _1\"></span>ione 3 \u2013 Eventi successivi alla data <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>riferimento  d<span class=\"_ _0\"></span>el <span class=\"_ _c\"> </span>Bilan<span class=\"_ _1\"></span>cio <span class=\"_ _c\"> </span>consolidato\u201d <span class=\"_ _211\"> </span>del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _c\"> </span>pr<span class=\"_ _0\"></span>esente <span class=\"_ _211\"> </span>Nota <span class=\"_ _c\"> </span>Integrativa <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>onsolidata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>per <span class=\"_ _211\"> </span>g<span class=\"_ _0\"></span>li accadimenti intervenut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> suc<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essi<span class=\"_ _1\"></span>vamente al 31 dice<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bre 2024.<span class=\"_ _1\"></span> 11.2 Composizione delle \u201cAzioni propr<span class=\"_ _0\"></span>ie\u201d<span class=\"_ _3\"></span> <table class=\"s w69b h3ac\" id=\"_32430b26-5767-4f11-b893-7ef034a50d67\"><tr><td class=\"c n x1a9 y1a2a w69c h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">Ti<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>log<span class=\"_ _0\"></span>ie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a3 y1a2a w69d h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a4 y1a2a w69e h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a2b w69f h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">1. Azio<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> pro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a5 y1a2b w6a0 h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">(44.<span class=\"_ _0\"></span>529)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a6 y1a2b w6a1 h368\"><div class=\"t m31 x17f he6 y1a29 ff3 fs53 fc1 sc0 ls0 ws0\">(48.7<span class=\"_ _0\"></span>57)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x7a7 y189a w6a2 h369\"><div class=\"t m31 x17f he7 y196b ff2 fs53 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 Az<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>ordinarie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a8 y189a w6a3 h369\"><div class=\"t m31 x17f he7 y196b ff2 fs53 fc1 sc0 ls0 ws0\">(44.5<span class=\"_ _0\"></span>29)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7a9 y189a w6a4 h369\"><div class=\"t m31 x17f he7 y196b ff2 fs53 fc1 sc0 ls0 ws0\">(48.7<span class=\"_ _0\"></span>57<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m31 x7aa he6 y1a2c ff2 fs53 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 Altre <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni <span class=\"_ _2a6\"> </span><span class=\"ff3 fc3\">0<span class=\"_ _4a1\"> </span></span></td><td></td><td></td></tr></table>Al <span class=\"_ _0\"></span>31<span class=\"_ _0\"></span> dicembre <span class=\"_ _0\"></span>2023 <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>detene<span class=\"_ _1\"></span>va <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>\u00b0 12<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>10.0<span class=\"_ _1\"></span>34 <span class=\"_ _b\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _0\"></span>proprie, <span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>riv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>valore <span class=\"_ _0\"></span>nomi<span class=\"_ _1\"></span>nale <span class=\"_ _0\"></span>(per un <span class=\"_ _c\"> </span>controvalore <span class=\"_ _211\"> </span>pari <span class=\"_ _c\"> </span>a <span class=\"_ _c\"> </span>circa <span class=\"_ _c\"> </span>Euro <span class=\"_ _c\"> </span>48,<span class=\"_ _1\"></span>8 <span class=\"_ _c\"> </span>milioni <span class=\"_ _c\"> </span>e <span class=\"_ _211\"> </span>un <span class=\"_ _c\"> </span>prezzo <span class=\"_ _211\"> </span>m<span class=\"_ _0\"></span>edi<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>unitario <span class=\"_ _c\"> </span>di <span class=\"_ _211\"> </span>circa <span class=\"_ _c\"> </span>Euro <span class=\"_ _211\"> </span>3,<span class=\"_ _0\"></span>8<span class=\"_ _1\"></span>06), corrispondenti a circa <span class=\"_ _1\"></span>il 3,891% del <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le sociale.  Si ricorda che: <span class=\"_ _1bb\"> </span><span class=\"ff2\">in  data <span class=\"_ _f\"> </span>13  settem<span class=\"_ _1\"></span>bre  2024 <span class=\"_ _f\"> </span>\u00e8  stato <span class=\"_ _f\"> </span>completato  il <span class=\"_ _f\"> </span>programm<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>di  a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisto <span class=\"_ _f\"> </span>di  azioni <span class=\"_ _f\"> </span>proprie </span>(avviato <span class=\"_ _18\"> </span>in <span class=\"_ _17\"> </span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _18\"> </span>21 <span class=\"_ _17\"> </span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>gg<span class=\"_ _0\"></span>io <span class=\"_ _17\"> </span>2024) <span class=\"_ _18\"> </span>sulla <span class=\"_ _17\"> </span>base<span class=\"_ _1\"></span> <span class=\"_ _18\"> </span>della <span class=\"_ _18\"> </span>delibera <span class=\"_ _17\"> </span>autorizzativa <span class=\"_ _17\"> </span>approvata<span class=\"_ _4a1\"> </span>dall\u2019Assemblea <span class=\"_ _1\"></span>degli Az<span class=\"_ _1\"></span>ionisti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Societ\u00e0 del <span class=\"_ _3\"></span>28 m<span class=\"_ _1\"></span>arzo 2024; <span class=\"_ _3\"></span>le azioni <span class=\"_ _1\"></span>a<span class=\"_ _1\"></span>cquistate nel <span class=\"_ _3\"></span>periodo 21 <span class=\"_ _b\"></span>maggio <span class=\"_ _b\"></span>\u2013 <span class=\"_ _b\"></span>13 <span class=\"_ _b\"></span>settembr<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>2024 <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>state <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>n\u00b0 <span class=\"_ _b\"></span>8.267.500, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>un <span class=\"_ _b\"></span>controvalore <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>circa<span class=\"_ _4a1\"> </span>Euro 40 milioni.<span class=\"_ _1\"></span> Come <span class=\"_ _18\"> </span>pr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>edente<span class=\"_ _1\"></span>mente <span class=\"_ _18\"> </span>in<span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>cat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>, <span class=\"_ _18\"> </span>in <span class=\"_ _1d\"> </span>data <span class=\"_ _18\"> </span>1<span class=\"_ _0\"></span>\u00b0<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>maggio<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>2024 <span class=\"_ _1d\"> </span>\u00e8 <span class=\"_ _18\"> </span>divenuta <span class=\"_ _18\"> </span>effic<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _18\"> </span>la <span class=\"_ _18\"> </span>delibera dell\u2019Assemblea <span class=\"_ _8\"></span>d<span class=\"_ _0\"></span>egli <span class=\"_ _3\"></span>Azionisti<span class=\"_ _3\"></span> del <span class=\"_ _8\"></span>28<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>mar<span class=\"_ _0\"></span>zo <span class=\"_ _8\"></span>2024 <span class=\"_ _3\"></span>che, <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _3\"></span>sede <span class=\"_ _3\"></span>st<span class=\"_ _1\"></span>raordinaria, <span class=\"_ _3\"></span>ha <span class=\"_ _3\"></span>disposto <span class=\"_ _3\"></span>l\u2019annullame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to di n\u00b0 <span class=\"_ _1\"></span>9.875.753 a<span class=\"_ _1\"></span>zioni ordi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>arie p<span class=\"_ _1\"></span>rive del <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lore nominale (pari <span class=\"_ _1\"></span>al 3% <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>azioni complessi<span class=\"_ _1\"></span>ve alla <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> di <span class=\"_ _15\"> </span>delibe<span class=\"_ _1\"></span>ra) <span class=\"_ _15\"> </span>detenute<span class=\"_ _1\"></span> <span class=\"_ _1f\"> </span>in <span class=\"_ _15\"> </span>portafoglio <span class=\"_ _16\"> </span>dalla <span class=\"_ _1f\"> </span>Societ\u00e0, <span class=\"_ _1f\"> </span>mantenendo <span class=\"_ _1f\"> </span>invariato <span class=\"_ _16\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>capitale <span class=\"_ _1f\"> </span>sociale <span class=\"_ _1f\"> </span>con riduzione <span class=\"_ _211\"> </span>della <span class=\"_ _211\"> </span>riserva  \u201cAzioni <span class=\"_ _211\"> </span>proprie\u201d  (come  r<span class=\"_ _0\"></span>isultante  dal <span class=\"_ _211\"> </span>Patrimonio  Netto  d<span class=\"_ _0\"></span>el  Bilancio <span class=\"_ _211\"> </span>al  31 dicembre 2023) per <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n valore pa<span class=\"_ _1\"></span>ri a Euro 37,6 <span class=\"_ _1\"></span>milioni. Inoltre, <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>ricorda che <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>data <span class=\"_ _0\"></span>4 <span class=\"_ _0\"></span>aprile <span class=\"_ _0\"></span>2024<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>sono <span class=\"_ _0\"></span>sta<span class=\"_ _1\"></span>te <span class=\"_ _0\"></span>esercitate <span class=\"_ _0\"></span>dai <span class=\"_ _0\"></span>beneficiari del <span class=\"_ _b\"></span>P<span class=\"_ _1\"></span>iano <span class=\"_ _0\"></span>LTIP <span class=\"_ _0\"></span>2021-<span class=\"_ _4a1\"> </span>2023 <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>diritti <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>al <span class=\"_ _f\"> </span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imo <span class=\"_ _5\"></span>ciclo <span class=\"_ _f\"> </span>(rife<span class=\"_ _1\"></span>rito <span class=\"_ _6\"></span>al <span class=\"_ _f\"> </span>trie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>nio <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>021-202<span class=\"_ _1\"></span>3), <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _5\"></span>conseguente <span class=\"_ _6\"></span>assegnazione gratuita <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>n<span class=\"_ _0\"></span>\u00b0 <span class=\"_ _211\"> </span>1.760.051 <span class=\"_ _c\"> </span>azioni <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _211\"> </span>Soc<span class=\"_ _0\"></span>iet\u00e0, <span class=\"_ _211\"> </span>attraverso <span class=\"_ _c\"> </span>l\u2019utilizzo <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _211\"> </span>azioni <span class=\"_ _c\"> </span>proprie <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ute <span class=\"_ _211\"> </span>n<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>l portafoglio <span class=\"_ _f\"> </span>dalla <span class=\"_ _f\"> </span>stessa, <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>riduzione <span class=\"_ _f\"> </span>della <span class=\"_ _f\"> </span>riserv<span class=\"_ _1\"></span>a <span class=\"_ _f\"> </span>\u201cAzioni  p<span class=\"_ _1\"></span>roprie\u201d <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>valore <span class=\"_ _f\"> </span>pari <span class=\"_ _f\"> </span>a <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>6<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>7 milioni. Per <span class=\"_ _6\"></span>quanto <span class=\"_ _5\"></span>sopra, <span class=\"_ _5\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferimento <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>p<span class=\"_ _1\"></span>resente <span class=\"_ _5\"></span>Bilancio <span class=\"_ _5\"></span>con<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lidat<span class=\"_ _1\"></span>o, <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>Societ\u00e0 <span class=\"_ _5\"></span>deteneva <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>\u00b0 9.441.730 <span class=\"_ _b\"></span>azioni <span class=\"_ _5\"></span>proprie, <span class=\"_ _b\"></span>prive <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>ore <span class=\"_ _5\"></span>nominale, <span class=\"_ _b\"></span>pari <span class=\"_ _5\"></span>a <span class=\"_ _5\"></span>circa <span class=\"_ _5\"></span>il <span class=\"_ _b\"></span>2,957% <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>apitale <span class=\"_ _b\"></span>sociale, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n controvalore <span class=\"_ _3\"></span>complessivo p<span class=\"_ _3\"></span>ar<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>circa Euro <span class=\"_ _3\"></span>44,5 m<span class=\"_ _3\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>oni, cor<span class=\"_ _1\"></span>rispondente <span class=\"_ _1\"></span>ad <span class=\"_ _3\"></span>un prezzo <span class=\"_ _3\"></span>medio <span class=\"_ _3\"></span>un<span class=\"_ _0\"></span>ita<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>io <span class=\"_ _3\"></span>di circa Euro 4,716. Si rimanda a quanto <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enziato nella \u201cParte A \u2013 Po<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>itiche contab<span class=\"_ _1\"></span>ili -<span class=\"_ _0\"></span> Sez<span class=\"_ _1\"></span>ione 3 \u2013 Eventi successivi alla data <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _c\"> </span>riferimento  d<span class=\"_ _0\"></span>el <span class=\"_ _c\"> </span>Bilan<span class=\"_ _1\"></span>cio <span class=\"_ _c\"> </span>consolidato\u201d <span class=\"_ _211\"> </span>del<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>a <span class=\"_ _c\"> </span>pr<span class=\"_ _0\"></span>esente <span class=\"_ _211\"> </span>Nota <span class=\"_ _c\"> </span>Integrativa <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>onsolidata<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>per <span class=\"_ _211\"> </span>g<span class=\"_ _0\"></span>li accadimenti intervenut<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> suc<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essi<span class=\"_ _1\"></span>vamente al 31 dice<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>bre 2024.<span class=\"_ _1\"></span> 11.4 Composizione dei \u201cSovrapprezzi di emissione\u201d <table class=\"s w6a5 h3ad\" id=\"_ba35672b-085e-4d69-b4b4-d5862a8baa53\"><tr><td class=\"c n x1a9 y1a2e w6a6 h369\"><div class=\"t m32 x17f he9 y1a2d ff3 fs54 fc1 sc0 ls0 ws0\">Tipo<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>i<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ab y1a2e w6a7 h369\"><div class=\"t m32 x17f he9 y1a2d ff3 fs54 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ac y1a2e w6a8 h369\"><div class=\"t m32 x17f he9 y1a2d ff3 fs54 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w6a9 h383\"><div class=\"t m32 x17f hea y1a2f ff2 fs54 fc1 sc0 ls0 ws0\">Sovrapprez<span class=\"_ _3\"></span>zi di e<span class=\"_ _3\"></span>mis<span class=\"_ _0\"></span>sione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ad y16d8 w6aa h383\"><div class=\"t m32 x17f hea y1a2f ff2 fs54 fc1 sc0 ls0 ws0\">78<span class=\"_ _0\"></span>7.65<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ae y16d8 w6ab h383\"><div class=\"t m32 x17f hea y1a2f ff2 fs54 fc1 sc0 ls0 ws0\">78<span class=\"_ _0\"></span>7.65<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-535": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs7be\">S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 1<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0 <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0 </div><div class=\"t m1 hc6 ff5 fsb fc1 sc0 ls0 ws0 gs7bf\">1.1<span class=\"ff23\"> <span class=\"_ _8\"></span><span class=\"ff5\">\u201cCommis<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>oni attive e passive\u201d </span></span></div><div class=\"gs59f\"><table class=\"s w6bb h3af\" id=\"_08b9c203-b12b-486d-974f-5330ffca35f1\"><tr><td></td><td></td><td class=\"c n x7ba y1a36 w6bc h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x7bb y1a36 w6bd h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1a37 w6be h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">SERVIZ<span class=\"_ _3\"></span>I<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7bc y1a37 w6bf h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Comm. Attive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7bd y1a37 w6c0 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Comm. P<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>sive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7be y1a37 w6c1 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">C<span class=\"_ _3\"></span>omm.<span class=\"_ _0\"></span> Nette<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7bf y1a37 w6c2 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Comm.<span class=\"_ _0\"></span> Attive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c0 y1a37 w6c3 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Co<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>m. P<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>sive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c1 y1a37 w6c4 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">C<span class=\"_ _3\"></span>omm.<span class=\"_ _0\"></span> Nette<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hef y1a38 ff3 fs57 fc1 sc0 ls0 ws0\">A.<span class=\"_ _f\"> </span>G<span class=\"_ _3\"></span>ESTIONI DI PATRIMONI<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2ed hef y1a39 ff3 fs57 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> Gestioni<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>prie<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2ed hef y1a3a ff3 fs57 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 Fondi<span class=\"_ _3\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>muni<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a3c w6c5 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> gestione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c2 y1a3c w6c6 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">628<span class=\"_ _0\"></span>.087<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c3 y1a3c w6c7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(425<span class=\"_ _0\"></span>.400<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c4 y1a3c w6c8 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">202.<span class=\"_ _0\"></span>687<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c5 y1a3c w6c9 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>84<span class=\"_ _0\"></span>.523<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c6 y1a3c w6c7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(413<span class=\"_ _0\"></span>.343<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c7 y1a3c w6ca h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">171.18<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a3d w6cb h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> incen<span class=\"_ _1\"></span>tivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c8 y1a3d w6cc h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>09<span class=\"_ _0\"></span>.508<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c9 y1a3d w6cd h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(302<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ca y1a3d w6ce h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>9.206<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7cb y1a3d w6cf h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">33.67<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7cc y1a3d w6d0 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7cd y1a3d w6cf h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">33.67<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a3e w6d1 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>m.<span class=\"_ _1\"></span> di sott<span class=\"_ _1\"></span>oscriz./<span class=\"_ _3\"></span>rimborso<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ce y1a3e w6d2 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>1.47<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7cf y1a3e w6d3 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(80.55<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d0 y1a3e w6d4 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">927<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d1 y1a3e w6d5 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">62<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>80<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d2 y1a3e w6d6 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(61<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>78<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d3 y1a3e w6d7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">1.01<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hf0 y1a3f ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>w<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ch<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a40 w6d8 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Al<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> com<span class=\"_ _3\"></span>miss<span class=\"_ _0\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d4 y1a40 w6c6 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">302<span class=\"_ _0\"></span>.197<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d5 y1a40 w6c7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(230<span class=\"_ _0\"></span>.526<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d6 y1a40 w6d9 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">71.671<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d7 y1a40 w6ca h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">178<span class=\"_ _0\"></span>.212<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d8 y1a40 w6c7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(134<span class=\"_ _0\"></span>.347<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d9 y1a40 w6d9 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">43.865<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a41 w6da h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Totale commissio<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>a fond<span class=\"_ _3\"></span>i comuni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7da y1a41 w6db h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>.26<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7db y1a41 w6dc h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">(736<span class=\"_ _0\"></span>.77<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7dc y1a41 w6dd h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>84.4<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7dd y1a41 w6de h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">859.<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7de y1a41 w6df h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>09<span class=\"_ _0\"></span>.48<span class=\"_ _0\"></span>5)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7df y1a41 w6de h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">249<span class=\"_ _0\"></span>.73<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hef y1a42 ff3 fs57 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 Gestioni<span class=\"_ _3\"></span> indi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>idu<span class=\"_ _3\"></span>ali<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a43 w6c5 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> gestione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e0 y1a43 w6e0 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">45<span class=\"_ _0\"></span>.642<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e1 y1a43 w6e1 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(6.03<span class=\"_ _0\"></span>5)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e2 y1a43 w6e0 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>9.607<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e3 y1a43 w6e0 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">41.83<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e4 y1a43 w6e2 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>.405<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e5 y1a43 w6e0 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">35.42<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a44 w6cb h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> incen<span class=\"_ _1\"></span>tivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e6 y1a44 w6d4 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">874<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7e7 y1a44 w6d4 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">874<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e8 y1a44 w6e3 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7e9 y1a44 w6e3 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a45 w6d1 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>m.<span class=\"_ _1\"></span> di sott<span class=\"_ _1\"></span>oscriz./<span class=\"_ _3\"></span>rimborso<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ea y1a45 w6e4 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">17<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7eb y1a45 w6e5 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a46 w6d8 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Al<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> com<span class=\"_ _3\"></span>miss<span class=\"_ _0\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ec y1a46 w6e4 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">35<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7ed y1a46 w6e6 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ee y1a46 w6e6 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7ef y1a46 w6e7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">36<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a47 w6e8 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Totale commissio<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>a gestion<span class=\"_ _3\"></span>i ind<span class=\"_ _3\"></span>ividua<span class=\"_ _1\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f0 y1a47 w6e9 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">46.<span class=\"_ _0\"></span>568<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f1 y1a47 w6ea h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>.05<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f2 y1a47 w6eb h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">40<span class=\"_ _0\"></span>.51<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f3 y1a47 w6e9 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">41.8<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f4 y1a47 w6ec h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>.405<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f5 y1a47 w6e9 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">35.<span class=\"_ _0\"></span>470<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hef y1a48 ff3 fs57 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>3 Fondi<span class=\"_ _3\"></span> pension<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> aperti<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a4a w6c5 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> gestione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e0 y1a4a w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">17<span class=\"_ _0\"></span>.630<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e1 y1a4a w6e1 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(9.34<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f6 y1a4a w6d7 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">8.28<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f7 y1a4a w6d9 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">14.670<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f8 y1a4a w6e2 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(7<span class=\"_ _0\"></span>.851<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f9 y1a4a w6ed h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>81<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a4b w6cb h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> incen<span class=\"_ _1\"></span>tivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7fa y1a4b w6ee h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7fb y1a4b w6e6 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2ed hf0 y1a4c ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>m.<span class=\"_ _1\"></span> di sott<span class=\"_ _1\"></span>oscriz./<span class=\"_ _3\"></span>rimborso<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a4d w6d8 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Al<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> com<span class=\"_ _3\"></span>miss<span class=\"_ _0\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7fc y1a4d w6ef h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">87<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7fd y1a4d w6f0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(23<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7fe y1a4d w6d4 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">641<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ff y1a4d w6f1 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">780<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x800 y1a4d w6f2 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>66<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x801 y1a4d w6f3 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">51<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a4f w6f4 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">Totale commissio<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>a fond<span class=\"_ _3\"></span>i pensio<span class=\"_ _3\"></span>ne <span class=\"_ _0\"></span>ap<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x802 y1a4f w6eb h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">18<span class=\"_ _0\"></span>.53<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x803 y1a4f w6f5 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(9.5<span class=\"_ _0\"></span>78)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x804 y1a4f w6f6 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>.9<span class=\"_ _0\"></span>58<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x805 y1a4f w6f7 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">15.<span class=\"_ _0\"></span>45<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x806 y1a4f w6ea h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(8.1<span class=\"_ _0\"></span>17<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x807 y1a4f w6f8 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _0\"></span>33<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hef y1a50 ff3 fs57 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> Gestioni<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>icev<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e in d<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>lega<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a51 w6c5 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> gestione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e0 y1a51 w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">72<span class=\"_ _0\"></span>.474<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e1 y1a51 w6e1 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(8.31<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e2 y1a51 w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>4.164<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e3 y1a51 w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">71.87<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e4 y1a51 w6e2 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(8<span class=\"_ _0\"></span>.423<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e5 y1a51 w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">63.45<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a52 w6cb h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> incen<span class=\"_ _1\"></span>tivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x808 y1a52 w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">15<span class=\"_ _0\"></span>.056<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x809 y1a52 w6d9 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">15.056<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x80a y1a52 w6f9 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.212<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x80b y1a52 w6d7 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.212<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a53 w6d8 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Al<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> com<span class=\"_ _3\"></span>miss<span class=\"_ _0\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x80c y1a53 w6fa h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.810<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x80d y1a53 w6cd h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(873<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x80e y1a53 w6fb h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">1.937<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x80f y1a53 w6d7 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.880<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x810 y1a53 w6fc h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>.699<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x811 y1a53 w6fd h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span>81<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a54 w6fe h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">Totale commissio<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>a gestion<span class=\"_ _3\"></span>i rice<span class=\"_ _0\"></span>vute in <span class=\"_ _1\"></span>delega<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x812 y1a54 w6ff h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>0.34<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x813 y1a54 w6ea h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(9.1<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x814 y1a54 w6e9 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">81.<span class=\"_ _0\"></span>157<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x815 y1a54 w6f7 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">76.<span class=\"_ _0\"></span>96<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x816 y1a54 w700 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(10<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x817 y1a54 w6e9 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">66.<span class=\"_ _0\"></span>847<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a55 w701 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">TOTALE C<span class=\"_ _3\"></span>OM<span class=\"_ _0\"></span>MISSIONI PER GE<span class=\"_ _1\"></span>STIONE  (A)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x818 y1a55 w6db h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span>76<span class=\"_ _0\"></span>.71<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x819 y1a55 w6dc h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(761<span class=\"_ _0\"></span>.59<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81a y1a55 w6de h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>15.<span class=\"_ _0\"></span>122<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81b y1a55 w6de h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">993.<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81c y1a55 w6dc h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(634<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81d y1a55 w702 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">35<span class=\"_ _0\"></span>9.3<span class=\"_ _0\"></span>86<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hef y1a56 ff3 fs57 fc1 sc0 ls0 ws0\">B. A<span class=\"_ _0\"></span>L<span class=\"_ _1\"></span>TRI SERV<span class=\"_ _3\"></span>IZI<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a57 w703 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>sulenza<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81e y1a57 w6fa h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">1.46<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81f y1a57 w704 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(27<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x820 y1a57 w6fd h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _0\"></span>38<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x821 y1a57 w705 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">45<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x822 y1a57 w704 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(34<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x823 y1a57 w6d4 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">425<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a58 w706 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Al<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> serviz<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x824 y1a58 w6d5 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>48<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x825 y1a58 w6e2 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>.199<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x826 y1a58 w707 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">11.28<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x827 y1a58 w6fd h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _0\"></span>27<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x828 y1a58 w6fb h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">7.127<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a59 w708 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">TOTALE C<span class=\"_ _3\"></span>OM<span class=\"_ _0\"></span>MISSIONI PER ALTRI<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>SERVI<span class=\"_ _1\"></span>ZI  (B)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x829 y1a59 w6eb h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>4.9<span class=\"_ _0\"></span>48<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82a y1a59 w709 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>.227<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82b y1a59 w70a h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">12.<span class=\"_ _0\"></span>721<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82c y1a59 w6f8 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">7.5<span class=\"_ _0\"></span>86<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82d y1a59 w70b h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(3<span class=\"_ _0\"></span>4)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82e y1a59 w6f6 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>.55<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w70c h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">COMMISSIONI COMPLESSIVE  (A+B)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82f y16d8 w70d h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.291<span class=\"_ _0\"></span>.66<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x830 y16d8 w6dc h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(76<span class=\"_ _0\"></span>3.81<span class=\"_ _0\"></span>8)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x831 y16d8 w70e h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">527.<span class=\"_ _0\"></span>843<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x832 y16d8 w6db h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _0\"></span>01.<span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x833 y16d8 w6df h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>34<span class=\"_ _0\"></span>.16<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x834 y16d8 w6de h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">36<span class=\"_ _0\"></span>6.93<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7c1\">I <span class=\"_ _6\"></span>pro<span class=\"_ _0\"></span>venti <span class=\"_ _6\"></span>derivanti <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>all\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>gestio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>dei <span class=\"_ _6\"></span>prodo<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"></span>rapp<span class=\"_ _1\"></span>resentati <span class=\"_ _f\"> </span>pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alente<span class=\"_ _1\"></span>mente <span class=\"_ _f\"> </span>dalle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7c2\">commissioni <span class=\"_ _1f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>gestione <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>dalle <span class=\"_ _15\"> </span>commissioni <span class=\"_ _15\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>incen<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _1f\"> </span>(ove <span class=\"_ _15\"> </span>contrattualmente <span class=\"_ _1f\"> </span>previste), <span class=\"_ _15\"> </span>che </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7c3\">rappresentano <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>maggior <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>ricavi <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>ru<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>po. <span class=\"_ _b\"></span>Le <span class=\"_ _0\"></span>commissi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gesti<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> incentivo <span class=\"_ _0\"></span>sono </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7c4\">prevalentemente <span class=\"_ _6\"></span>coll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>al <span class=\"_ _6\"></span>valore <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>d<span class=\"_ _1\"></span>egli <span class=\"_ _f\"> </span>AuM <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>al <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>isultato <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _6\"></span>stessi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7c5\">prodotti. <span class=\"_ _b\"></span>In <span class=\"_ _b\"></span>parti<span class=\"_ _1\"></span>col<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>re,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>le <span class=\"_ _b\"></span>commissi<span class=\"_ _1\"></span>oni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>gestione <span class=\"_ _0\"></span>sono <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>colate <span class=\"_ _b\"></span>periodicame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>come <span class=\"_ _b\"></span>percentuale<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7c6\">del  pa<span class=\"_ _1\"></span>trimonio <span class=\"_ _f\"> </span>(N<span class=\"_ _0\"></span>AV/<span class=\"_ _1\"></span>GAV/<span class=\"ff5\">commitment<span class=\"_ _3\"></span><span class=\"ff2\">)  del <span class=\"_ _f\"> </span>singolo  p<span class=\"_ _1\"></span>rodotto; <span class=\"_ _f\"> </span>la  c<span class=\"_ _1\"></span>ommissione <span class=\"_ _f\"> </span>di  in<span class=\"_ _1\"></span>centivo, <span class=\"_ _f\"> </span>invece, </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7c7\">viene <span class=\"_ _0\"></span>applicata <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>taluni <span class=\"_ _0\"></span>prodotti <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>corrisposta <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>fav<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>so<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gestione d<span class=\"_ _0\"></span>el G<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>uppo <span class=\"_ _0\"></span>quando <span class=\"_ _0\"></span>il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7c8\">rendimento <span class=\"_ _f\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>prodotto <span class=\"_ _6\"></span>stesso, <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rminato <span class=\"_ _f\"> </span>perio<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o, <span class=\"_ _f\"> </span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>pera <span class=\"_ _f\"> </span>la<span class=\"_ _3\"></span>  p<span class=\"_ _3\"></span>erformance <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>u<span class=\"_ _1\"></span>n <span class=\"_ _f\"> </span>indice <span class=\"_ _f\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7c9\">rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mento <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>un <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>prestabilito <span class=\"_ _5\"></span>o <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>obiettivo <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>rendim<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span>. <span class=\"_ _6\"></span>In <span class=\"_ _6\"></span>particolare, <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>taluni <span class=\"_ _6\"></span>fondi <span class=\"_ _6\"></span>la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7ca\">commissione <span class=\"_ _1\"></span>di i<span class=\"_ _1\"></span>ncentivo \u00e8 <span class=\"_ _3\"></span>dovuta a<span class=\"_ _1\"></span>lle s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet\u00e0<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>gestione <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>se i<span class=\"_ _3\"></span>l valore <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>quota de<span class=\"_ _1\"></span>l fondo<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7cb\">aumenta <span class=\"_ _0\"></span>e il<span class=\"_ _0\"></span> valore r<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giunto <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>supe<span class=\"_ _1\"></span>riore <span class=\"_ _0\"></span>a qu<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>lo pi\u00f9<span class=\"_ _0\"></span> elevato <span class=\"_ _0\"></span>mai r<span class=\"_ _0\"></span>ag<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>iunto <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>precedenza. Pertanto, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7cc\">il <span class=\"_ _c\"> </span>conseguimento <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>commissi<span class=\"_ _1\"></span>oni <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>i<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o,<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>os\u00ec <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>ome <span class=\"_ _211\"> </span>il<span class=\"_ _0\"></span>  loro<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>ammontare, <span class=\"_ _c\"> </span>sono <span class=\"_ _c\"> </span>fortemente </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7cd\">condizionati <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>diment<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onseguit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dai <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndi <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>dagli <span class=\"_ _b\"></span>altri <span class=\"_ _b\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>odotti<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>gestiti: <span class=\"_ _0\"></span>fattore <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>sua <span class=\"_ _b\"></span>volta </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7ce\">risente, oltre che della <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>alit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>estione, a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>che <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ell\u2019andame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to dei me<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cati di <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> e, pi\u00f9 in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7cf\">generale, dall\u2019andament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onomico-<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziari<span class=\"_ _1\"></span>o n<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>zion<span class=\"_ _0\"></span>ale e <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>nazi<span class=\"_ _1\"></span>onale. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs206\">Le <span class=\"_ _5\"></span>commissioni <span class=\"_ _5\"></span>attive <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>fondi <span class=\"_ _5\"></span>comuni <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>on <span class=\"_ _5\"></span>alternativi <span class=\"_ _b\"></span>(OICVM), <span class=\"_ _5\"></span>vengono <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>eral<span class=\"_ _1\"></span>mente </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs207\">inc<span class=\"_ _0\"></span>assa<span class=\"_ _1\"></span>te con <span class=\"_ _0\"></span>periodicit\u00e0 mensile, men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e quelle <span class=\"_ _0\"></span>deriva<span class=\"_ _1\"></span>nti <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>gest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ni <span class=\"_ _0\"></span>individuali, da <span class=\"_ _0\"></span>gestio<span class=\"_ _1\"></span>ni <span class=\"_ _0\"></span>ricevute </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs208\">in delega e da gesti<span class=\"_ _1\"></span>one di FIA con per<span class=\"_ _1\"></span>iodicit\u00e0 mensil<span class=\"_ _3\"></span>e/tr<span class=\"_ _0\"></span>imest<span class=\"_ _1\"></span>rale/semestrale.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs20a\">Al 3<span class=\"_ _0\"></span>1 dicembre 2024, le c<span class=\"_ _0\"></span>ommissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>nette comple<span class=\"_ _3\"></span>ssi<span class=\"_ _0\"></span>ve hanno registrato un incr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ento di circa <span class=\"_ _0\"></span>Euro </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs20b\">160,9 milioni.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs20c\">Le <span class=\"_ _b\"></span>commissioni <span class=\"_ _0\"></span>nette <span class=\"_ _b\"></span>rivenienti<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>dai <span class=\"_ _b\"></span>Fo<span class=\"_ _1\"></span>ndi <span class=\"_ _b\"></span>Comuni, <span class=\"_ _0\"></span>rispetto <span class=\"_ _b\"></span>all\u2019anno <span class=\"_ _b\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ecedente,<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>hanno <span class=\"_ _0\"></span>consuntivato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs20d\">un <span class=\"_ _0\"></span>aumento <span class=\"_ _0\"></span>pari<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Eur<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>134,8 <span class=\"_ _0\"></span>mili<span class=\"_ _1\"></span>oni, <span class=\"_ _0\"></span>principa<span class=\"_ _1\"></span>lmente <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>l\u2019effetto<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>maggi<span class=\"_ _1\"></span>ori <span class=\"_ _0\"></span>commissio<span class=\"_ _1\"></span>ni <span class=\"_ _0\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs20e\">inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o nette p<span class=\"_ _1\"></span>er circa Euro <span class=\"_ _1\"></span>75,5 milioni, (ii) ma<span class=\"_ _1\"></span>ggiori commissioni di gesti<span class=\"_ _3\"></span>one n<span class=\"_ _0\"></span>ette p<span class=\"_ _1\"></span>ari a Euro 31<span class=\"_ _1\"></span>,5 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs20f\">milioni <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>di <span class=\"_ _5\"></span>cui<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ri<span class=\"_ _0\"></span>ve<span class=\"_ _1\"></span>nienti <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ai <span class=\"_ _5\"></span>FIA <span class=\"_ _f\"> </span>gestiti <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>Castell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>SGR <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>11,1 <span class=\"_ _f\"> </span>milioni<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span>, <span class=\"_ _6\"></span>(iii) <span class=\"_ _6\"></span>maggiori <span class=\"_ _f\"> </span>altre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs210\">commissioni (<span class=\"_ _0\"></span>tra cui q<span class=\"_ _0\"></span>uelle di <span class=\"_ _0\"></span>collocament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> e <span class=\"_ _0\"></span>diritti fi<span class=\"_ _0\"></span>ssi) per E<span class=\"_ _0\"></span>uro 27,8<span class=\"_ _0\"></span> milioni. Il <span class=\"_ _0\"></span>contributo<span class=\"_ _0\"></span> di <span class=\"_ _0\"></span>Kair<span class=\"_ _1\"></span>os </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs159\">SGR alle commissio<span class=\"_ _1\"></span>ni nette rive<span class=\"_ _1\"></span>nienti dai Fondi <span class=\"_ _1\"></span>Comuni \u00e8 pari a Euro 20<span class=\"_ _1\"></span>,8 milioni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs211\">Con <span class=\"_ _0\"></span>riferiment<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>Gesti<span class=\"_ _1\"></span>oni <span class=\"_ _0\"></span>individ<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali, <span class=\"_ _0\"></span>si evidenzia u<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>cremento d<span class=\"_ _0\"></span>elle commissioni n<span class=\"_ _0\"></span>ette rispetto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs15b\">all\u2019esercizio prec<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ente pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa E<span class=\"_ _0\"></span>uro 5<span class=\"_ _0\"></span> milioni, principalmente legato <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>cont<span class=\"_ _1\"></span>ribuzione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Kairos </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs212\">per circa Euro 3,9 mi<span class=\"_ _1\"></span>lioni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs15d\">Le <span class=\"_ _1b\"> </span>commissi<span class=\"_ _1\"></span>oni <span class=\"_ _1b\"> </span>nette <span class=\"_ _19\"> </span>da <span class=\"_ _1b\"> </span>Fondi <span class=\"_ _19\"> </span>pensione <span class=\"_ _19\"> </span>aperti, <span class=\"_ _19\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>spetto <span class=\"_ _19\"> </span>all\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio <span class=\"_ _e\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>23, <span class=\"_ _1b\"> </span>sono <span class=\"_ _19\"> </span>aumentate </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs131\">com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca Euro 1<span class=\"_ _1\"></span>,6 milioni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs132\">Le <span class=\"_ _3\"></span>commissioni <span class=\"_ _8\"></span>n<span class=\"_ _0\"></span>ette <span class=\"_ _3\"></span>del<span class=\"_ _1\"></span>le <span class=\"_ _3\"></span>Gestioni <span class=\"_ _3\"></span>ricevute <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>dele<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>a, <span class=\"_ _8\"></span>ri<span class=\"_ _0\"></span>spet<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>all\u2019esercizio <span class=\"_ _8\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>23, <span class=\"_ _3\"></span>si <span class=\"_ _1\"></span>sono <span class=\"_ _8\"></span>incr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mentate </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs133\">com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te di circa Euro <span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>4,3 <span class=\"_ _0\"></span>mi<span class=\"_ _1\"></span>lioni, pr<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ncip<span class=\"_ _1\"></span>almente <span class=\"_ _0\"></span>per effetto (i) di<span class=\"_ _0\"></span> maggiori<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>com<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ission<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs134\">inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o pe<span class=\"_ _1\"></span>r circa Eu<span class=\"_ _1\"></span>ro 13,8 milioni, <span class=\"_ _1\"></span>(ii) di maggior<span class=\"_ _1\"></span>i commissio<span class=\"_ _1\"></span>ni di gesti<span class=\"_ _1\"></span>one per circa E<span class=\"_ _1\"></span>uro 0,7 milio<span class=\"_ _1\"></span>ni, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs135\">al netto (iii) di mi<span class=\"_ _1\"></span>nori altre commissi<span class=\"_ _1\"></span>oni per circa <span class=\"_ _1\"></span>Euro 0,2 milioni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs136\">Inoltre, <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>riferimento <span class=\"_ _f\"> </span>alle <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ommiss<span class=\"_ _1\"></span>ioni <span class=\"_ _f\"> </span>nette <span class=\"_ _f\"> </span>rivenienti <span class=\"_ _f\"> </span>da <span class=\"_ _f\"> </span>Altri <span class=\"_ _f\"> </span>servizi, <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>evidenzia <span class=\"_ _6\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>au<span class=\"_ _1\"></span>mento </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs137\">rispetto <span class=\"_ _e\"> </span>all'ese<span class=\"_ _1\"></span>rcizio <span class=\"_ _e\"> </span>2023 <span class=\"_ _d\"> </span>pari <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>irca <span class=\"_ _15\"> </span>E<span class=\"_ _0\"></span>uro<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>5,2 <span class=\"_ _e\"> </span>milioni <span class=\"_ _e\"> </span>prin<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipalmente<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>dovuto <span class=\"_ _d\"> </span>a <span class=\"_ _e\"> </span>(i) <span class=\"_ _d\"> </span>mag<span class=\"_ _0\"></span>gio<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs138\">commissioni <span class=\"_ _e\"> </span>attive <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>istrate <span class=\"_ _e\"> </span>s<span class=\"_ _1\"></span>ulle <span class=\"_ _e\"> </span>attivit\u00e0 <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>order <span class=\"_ _d\"> </span>rou<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>securities <span class=\"_ _d\"> </span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ing, <span class=\"_ _e\"> </span>(ii) <span class=\"_ _d\"> </span>m<span class=\"_ _0\"></span>aggio<span class=\"_ _1\"></span>ri </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs139\">commissioni di<span class=\"_ _3\"></span> consulenza per <span class=\"_ _3\"></span>ci<span class=\"_ _0\"></span>rca <span class=\"_ _3\"></span>Euro 0,3 mi<span class=\"_ _1\"></span>lioni, (iii<span class=\"_ _1\"></span>) al cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ibut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di Kairos SG<span class=\"_ _3\"></span>R <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r circa E<span class=\"_ _1\"></span>uro 1,8 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs13a\">milioni ed infine (i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>) al co<span class=\"_ _1\"></span>ntributo per le attivit\u00e0 s<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ol<span class=\"_ _3\"></span>te da Vita Srl per circa Euro 1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span> milioni. </div><div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs7d2\">S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 2<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>Di<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rov<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 V<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>40 </div><div class=\"t m1 he ff5 fs2 fc1 sc0 ls0 ws0 gs7d3\">2.1<span class=\"ff23\"> <span class=\"_ _3\"></span><span class=\"ff5 fsb\">Composizione dei \u201cDividenti e prov<span class=\"_ _0\"></span>enti<span class=\"_ _1\"></span> assimilati\u201d<span class=\"fs2\"> </span></span></span></div><div class=\"gs7d4\"><table class=\"s w750 h3b4\" id=\"_a1c72a62-59c7-4b30-a287-44821896487d\"><tr><td class=\"t m1d x2ed hf5 y1aa5 ff3 fs59 fc1 sc0 ls0 ws0\">Voci<span class=\"_ _0\"></span>/P<span class=\"_ _0\"></span>rovent<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></td><td class=\"c n x89c y1aa7 w751 h386\"><div class=\"t m1d x17f hf5 y1aa6 ff3 fs59 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tale 31.<span class=\"_ _0\"></span>12.2024<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x89d y1aa7 w752 h386\"><div class=\"t m1d x17f hf5 y1aa6 ff3 fs59 fc1 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>e 31.12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x89e y193b w753 h386\"><div class=\"t m1d x17f hf5 y1aa6 ff3 fs59 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>di<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x89f y193b w754 h386\"><div class=\"t m1d x17f hf5 y1aa6 ff3 fs59 fc1 sc0 ls0 ws0\">Provent<span class=\"_ _0\"></span>i simil<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a0 y193b w755 h386\"><div class=\"t m1d x17f hf5 y1aa6 ff3 fs59 fc1 sc0 ls0 ws0\">Di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>endi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a1 y193b w756 h386\"><div class=\"t m1d x17f hf5 y1aa6 ff3 fs59 fc1 sc0 ls0 ws0\">Prov<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>simil<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x2ed hf6 y1aa8 ff2 fs59 fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>.<span class=\"_ _19\"> </span>A<span class=\"_ _0\"></span>tti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>t\u00e0 f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nanziarie detenu<span class=\"_ _1\"></span>te <span class=\"_ _3\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>negoziazio<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1d x2ed hf6 y1aa9 ff2 fs59 fc1 sc0 ls0 ws0\">B.<span class=\"_ _17\"> </span>A<span class=\"_ _0\"></span>lt<span class=\"_ _1\"></span>re att<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>na<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>ziarie o<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>iga<span class=\"_ _0\"></span>to<span class=\"_ _3\"></span>riame<span class=\"_ _0\"></span>nt<span class=\"_ _3\"></span>e va<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ut<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>te al fair valu<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1d x2ed hf6 y1aaa ff2 fs59 fc1 sc0 ls0 ws0\">C<span class=\"_ _0\"></span>.<span class=\"_ _19\"> </span>A<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 fin<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nzi<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>ri<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> valuate al<span class=\"_ _1\"></span> fa<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r v<span class=\"_ _0\"></span>alue<span class=\"_ _3\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span> impatt<span class=\"_ _3\"></span>o su<span class=\"_ _1\"></span>ll<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> redd<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>tivi<span class=\"_ _3\"></span>t\u00e0<span class=\"_ _0\"></span> co<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>lessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1aac w757 h38d\"><div class=\"t m1d x17f hf6 y1aab ff2 fs59 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>.<span class=\"_ _e\"> </span>Partecip<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a2 y1aac w2eb h38d\"><div class=\"t m1d x17f hf6 y1aab ff2 fs59 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _0\"></span>25<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8a3 y1aac w758 h38d\"><div class=\"t m1d x17f hf6 y1aab ff2 fs59 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x24e y16d8 w759 h386\"><div class=\"t m1d x17f hf5 y1aa6 ff3 fs59 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a4 y16d8 w75a h386\"><div class=\"t m1d x17f hf5 y1aa6 ff3 fs59 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _0\"></span>25<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7d5\">La <span class=\"_ _0\"></span>voce <span class=\"_ _b\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>coglie <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>dividend<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>incassati <span class=\"_ _0\"></span>rivenienti d<span class=\"_ _0\"></span>all<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>BMPS <span class=\"_ _0\"></span>detenute <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>portafoglio <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>data </div><div class=\"t m1 he ff2 fs2 fc1 sc0 ls0 ws0 gs7d6\">di stacco cedola.<span class=\"fsb\"> </span></div>S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 3<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span><span class=\"ff2\">s<span class=\"_ _0\"></span></span>i <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>50<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>60 3.1 Composizione degli \u201cInteressi attivi e proventi assimilati\u201d <table class=\"s w75b h3b5\" id=\"_ddde90c3-ed55-4d03-a874-e7051e08f2f5\"><tr><td class=\"c n x1a9 y1aae w75c h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Voci/<span class=\"_ _0\"></span>Fo<span class=\"_ _0\"></span>rm<span class=\"_ _3\"></span>e t<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>iche<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8a5 y1aae w75d h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Tito<span class=\"_ _0\"></span>li di debi<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a6 y1aae w75e h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>C<span class=\"_ _1\"></span>T<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a7 y1aae w75f h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">De<span class=\"_ _0\"></span>positi<span class=\"_ _0\"></span> e c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i correnti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a8 y1aae w760 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Altre op<span class=\"_ _0\"></span>erazion<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a9 y1aae w761 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tale 31.12<span class=\"_ _0\"></span>.2024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8aa y1aae w761 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.<span class=\"_ _0\"></span>2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ab0 w762 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.<span class=\"_ _21\"> </span>Att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie valutate<span class=\"_ _1\"></span> al fair value con<span class=\"_ _3\"></span> impatto<span class=\"_ _1\"></span> a cont<span class=\"_ _3\"></span>o eco<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8ab y1ab0 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ac y1ab0 w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ad y1ab0 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ae y1ab0 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8af y1ab0 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b0 y1ab0 w767 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x8b1 y1ab1 w768 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.1 Attivit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie deten<span class=\"_ _1\"></span>ute pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a n<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>gozi<span class=\"_ _1\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x8b2 y1ab1 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x8b1 y1ab2 w769 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.2 Attivit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie desi<span class=\"_ _1\"></span>gnate al fair value<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x8b3 y1ab2 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x8b1 y1ab3 w76a h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.3 Altre att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie o<span class=\"_ _1\"></span>b<span class=\"_ _0\"></span>bligatori<span class=\"_ _1\"></span>amente valutate <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>air value<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8b4 y1ab3 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b5 y1ab3 w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b6 y1ab3 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b7 y1ab3 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b8 y1ab3 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b9 y1ab3 w76b h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ab4 w76c h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">2.<span class=\"_ _21\"> </span>Att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie valutate<span class=\"_ _1\"></span> al fair value con<span class=\"_ _3\"></span> impatto<span class=\"_ _1\"></span> su<span class=\"_ _1\"></span>ll<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> redditivit\u00e0 comp<span class=\"_ _1\"></span>les<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>va<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x8ba y1ab4 w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bb y1ab4 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bc y1ab4 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bd y1ab4 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1ab5 w76d h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.<span class=\"_ _21\"> </span>Att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie valutate<span class=\"_ _1\"></span> al cost<span class=\"_ _3\"></span>o ammorti<span class=\"_ _1\"></span>zza<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8be y1ab5 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8.60<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bf y1ab5 w76f h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c0 y1ab5 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8.<span class=\"_ _0\"></span>618<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c1 y1ab5 w770 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">7.5<span class=\"_ _0\"></span>55<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x8b1 y1ab6 w771 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.1 Cre<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>i verso <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>anche<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8c2 y1ab6 w772 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8.607<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8c3 y1ab6 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>.607<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c4 y1ab6 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">7.5<span class=\"_ _0\"></span>45<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x8b1 y1ab7 w773 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.2 Cre<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>i verso <span class=\"_ _3\"></span>societ<span class=\"_ _1\"></span>\u00e0 finanziarie<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x8c5 y1ab7 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c6 y1ab7 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x8b1 y1ab8 w774 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.3 Cre<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>i verso <span class=\"_ _3\"></span>client<span class=\"_ _1\"></span>ela<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x8c7 y1ab8 w775 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">11<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c8 y1ab8 w775 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">11<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c9 y1ab8 w775 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ab9 w776 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">4.<span class=\"_ _21\"> </span>Derivati di <span class=\"_ _1\"></span>copertu<span class=\"_ _3\"></span>ra<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8ca y1ab9 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8cb y1ab9 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8cc y1ab9 w777 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1aba w778 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">5.<span class=\"_ _21\"> </span>Alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>\u00e0<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x8cd y1aba w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8ce y1aba w779 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">29<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8cf y1aba w779 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">29<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d0 y1aba w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1abb w77a h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">6.<span class=\"_ _21\"> </span>Pass<span class=\"_ _3\"></span>ivit\u00e0 finan<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>iarie<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8d1 y1abb w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d2 y1abb w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d3 y1abb w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d4 y1abb w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d5 y1abb w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1abc w77b h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">7.<span class=\"_ _21\"> </span>Alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>: Cassa e disp<span class=\"_ _3\"></span>onibili<span class=\"_ _3\"></span>t\u00e0<span class=\"_ _0\"></span> l<span class=\"_ _3\"></span>iquid<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8d6 y1abc w77c h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">10.98<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8d7 y1abc w77d h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">10.<span class=\"_ _0\"></span>984<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d8 y1abc w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">4.4<span class=\"_ _0\"></span>25<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n x8d9 y1abd w77e h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8da y1abd w763 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8db y1abd w77f h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">19.59<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8dc y1abd w779 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">40<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8dd y1abd w77f h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">20.<span class=\"_ _0\"></span>440<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8de y1abd w780 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">12.9<span class=\"_ _0\"></span>50<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m28 x8df hf8 y1abe ff5 fs5a fc1 sc0 ls0 ws0\">di c<span class=\"_ _1\"></span>ui: interess<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>at<span class=\"_ _0\"></span>tivi su attivit\u00e0 finanziarie impaired<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Gli <span class=\"_ _1\"></span>importi <span class=\"_ _8\"></span>i<span class=\"_ _0\"></span>scritti <span class=\"_ _8\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>sottovo<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>\u201c1.3 <span class=\"_ _3\"></span>Altre a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _8\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie <span class=\"_ _8\"></span>o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligatoriamente <span class=\"_ _3\"></span>valutate <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e \u2013 Titoli di debito\u201d si<span class=\"_ _3\"></span> r<span class=\"_ _0\"></span>ife<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>isco<span class=\"_ _1\"></span>no agli interessi atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>maturati nel cors<span class=\"_ _1\"></span>o dell\u2019esercizio <span class=\"_ _1\"></span>in relazione ai BOT detenuti in porta<span class=\"_ _1\"></span>foglio dal Gruppo.<span class=\"_ _1\"></span> La <span class=\"_ _f\"> </span>sottovoce <span class=\"_ _f\"> </span>\u201c3.1 <span class=\"_ _f\"> </span>Crediti <span class=\"_ _f\"> </span>verso <span class=\"_ _f\"> </span>banche <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"> </span>Depositi <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>conti <span class=\"_ _f\"> </span>correnti\u201d <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>riferisce <span class=\"_ _f\"> </span>agli <span class=\"_ _f\"> </span>interessi <span class=\"_ _f\"> </span>attivi generati dal<span class=\"_ _3\"></span>la liquidit\u00e0 <span class=\"_ _3\"></span>investita <span class=\"_ _3\"></span>attraverso <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>oscri<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>one dei <span class=\"_ _3\"></span><span class=\"ff5\">time deposi<span class=\"_ _3\"></span>t<span class=\"ff2\">, <span class=\"_ _1\"></span>mentre ne<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>sottovoce <span class=\"_ _1\"></span>\u201c7<span class=\"_ _4a1\"> </span></span></span>Altro: <span class=\"_ _0\"></span>Cassa <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ispo<span class=\"_ _1\"></span>nibilit\u00e0 <span class=\"_ _b\"></span>liq<span class=\"_ _1\"></span>uide <span class=\"_ _b\"></span>- <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>epositi<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>conti <span class=\"_ _b\"></span>correnti\u201d <span class=\"_ _b\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ovan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>espos<span class=\"_ _1\"></span>izione <span class=\"_ _0\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>interessi <span class=\"_ _0\"></span>attivi generati dalla liq<span class=\"_ _1\"></span>uidit\u00e0 del Grupp<span class=\"_ _1\"></span>o depositata press<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> conti c<span class=\"_ _1\"></span>orrenti bancari e p<span class=\"_ _1\"></span>ostali.<span class=\"_ _4a1\"> </span>La <span class=\"_ _0\"></span>contribuzione<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>vo<span class=\"_ _1\"></span>ce <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro 2 <span class=\"_ _b\"></span>milion<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>derivante <span class=\"_ _0\"></span>dagli interessi <span class=\"_ _0\"></span>maturati <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ui conti correnti ba<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span><div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs7f1\">S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 6<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>Ut<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> (<span class=\"_ _0\"></span>Pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a)<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>da<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>90<span class=\"_ _0\"></span> </div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs7f2\">6.1 Composizione dell\u2019\u201dUtile (Perdita) da cessione o <span class=\"_ _0\"></span>riacquist<span class=\"_ _1\"></span>o\u201d </div><div class=\"gs7f3\"><table class=\"s w781 h3b6\" id=\"_7783db7c-ceef-4903-b25e-4c5c0701b13d\"><tr><td></td><td></td><td></td><td class=\"c n x8e0 y1920 w782 h35d\"><div class=\"t m18 x17f hfb y1abf ff3 fs5c fc1 sc0 ls0 ws0\">Tota<span class=\"_ _0\"></span>le 31.12.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x8e1 y1920 w782 h35d\"><div class=\"t m18 x17f hfb y1abf ff3 fs5c fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.<span class=\"_ _0\"></span>2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ac0 w783 h35d\"><div class=\"t m18 x17f hfb y1abf ff3 fs5c fc1 sc0 ls0 ws0\">Voci/<span class=\"_ _0\"></span>compon<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>redd<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ual<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8e2 y1ac0 w784 h35d\"><div class=\"t m18 x17f hfb y1abf ff2 fs5c fc1 sc0 ls0 ws0\">Ut<span class=\"_ _1\"></span>ile</div></td><td class=\"c n x8e3 y1ac0 w785 h35d\"><div class=\"t m18 x17f hfb y1abf ff2 fs5c fc1 sc0 ls0 ws0\">Perd<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>a</div></td><td class=\"c n x8e4 y1ac0 w786 h35d\"><div class=\"t m18 x17f hfb y1abf ff2 fs5c fc1 sc0 ls0 ws0\">Risu<span class=\"_ _3\"></span>ltato <span class=\"_ _3\"></span>nett<span class=\"_ _1\"></span>o</div></td><td class=\"c n x8e5 y1ac0 w787 h35d\"><div class=\"t m18 x17f hfb y1abf ff2 fs5c fc1 sc0 ls0 ws0\">U<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>le</div></td><td class=\"c n x8e6 y1ac0 w788 h35d\"><div class=\"t m18 x17f hfb y1abf ff2 fs5c fc1 sc0 ls0 ws0\">P<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rdita</div></td><td class=\"c n x8e7 y1ac0 w789 h35d\"><div class=\"t m18 x17f hfb y1abf ff2 fs5c fc1 sc0 ls0 ws0\">R<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>ult<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>to<span class=\"_ _3\"></span> nett<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m18 x2ed hfb y1ac1 ff3 fs5c fc1 sc0 ls0 ws0\">1.1 Att<span class=\"_ _0\"></span>ivit<span class=\"_ _0\"></span>\u00e0 fin<span class=\"_ _0\"></span>anziari<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1ac3 w78a h35d\"><div class=\"t m18 x17f hfc y1ac2 ff2 fs5c fc1 sc0 ls0 ws0\">1.1 A<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>t\u00e0 f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nanziarie valutat<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> al <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>sto <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>mmort<span class=\"_ _3\"></span>iz<span class=\"_ _0\"></span>zato<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8e8 y1ac3 w78b h35d\"><div class=\"t m18 x17f hfc y1ac2 ff2 fs5c fc1 sc0 ls0 ws0\">1.04<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8e9 y1ac3 w78b h35d\"><div class=\"t m18 x17f hfc y1ac2 ff2 fs5c fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.047</div></td><td class=\"c n x8ea y1ac3 w78c h35d\"><div class=\"t m18 x17f hfc y1ac2 ff2 fs5c fc1 sc0 ls0 ws0\">966<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8eb y1ac3 w78d h35d\"><div class=\"t m18 x17f hfc y1ac2 ff2 fs5c fc1 sc0 ls0 ws0\">966<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x8ec y1ac4 w78e h35d\"><div class=\"t m18 x17f hfc y1ac2 ff2 fs5c fc1 sc0 ls0 ws0\">- verso<span class=\"_ _1\"></span> ba<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ed y1ac4 w78b h35d\"><div class=\"t m18 x17f hfc y1ac2 ff2 fs5c fc1 sc0 ls0 ws0\">1.04<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8ee y1ac4 w78f h35d\"><div class=\"t m18 x17f hfc y1ac2 ff2 fs5c fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>047</div></td><td class=\"c n x8ef y1ac4 w78c h35d\"><div class=\"t m18 x17f hfc y1ac2 ff2 fs5c fc1 sc0 ls0 ws0\">966<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8f0 y1ac4 w78d h35d\"><div class=\"t m18 x17f hfc y1ac2 ff2 fs5c fc1 sc0 ls0 ws0\">966<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m18 x2ed hfc y1ac5 ff2 fs5c fc1 sc0 ls0 ws0\">1.2 A<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>t\u00e0 f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nanziarie al fair valu<span class=\"_ _1\"></span>e con <span class=\"_ _3\"></span>impatto<span class=\"_ _3\"></span> s<span class=\"_ _1\"></span>ulla <span class=\"_ _1\"></span>red<span class=\"_ _0\"></span>ditivi<span class=\"_ _3\"></span>t\u00e0<span class=\"_ _0\"></span> co<span class=\"_ _3\"></span>mpless<span class=\"_ _3\"></span>iva<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x465 y1ac6 w790 h35d\"><div class=\"t m18 x17f hfb y1abf ff3 fs5c fc1 sc0 ls0 ws0\">Total<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>at<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>t\u00e0 (1)</div></td><td class=\"c n x8f1 y1ac6 w791 h35d\"><div class=\"t m18 x17f hfb y1abf ff3 fs5c fc1 sc0 ls0 ws0\">1.04<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8f2 y1ac6 w792 h35d\"><div class=\"t m18 x17f hfb y1abf ff3 fs5c fc1 sc0 ls0 ws0\">1.047</div></td><td class=\"c n x8f3 y1ac6 w78d h35d\"><div class=\"t m18 x17f hfb y1abf ff3 fs5c fc1 sc0 ls0 ws0\">966<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8f4 y1ac6 w793 h35d\"><div class=\"t m18 x17f hfb y1abf ff3 fs5c fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>66<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m18 x2ed hfb y1ac7 ff3 fs5c fc1 sc0 ls0 ws0\">2. Passivit<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _1\"></span>fin<span class=\"_ _0\"></span>anzi<span class=\"_ _0\"></span>arie valut<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l costo<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>amm<span class=\"_ _1\"></span>ort<span class=\"_ _0\"></span>izzat<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed hfc y1ac8 ff2 fs5c fc1 sc0 ls0 ws0\">2.1 De<span class=\"_ _0\"></span>bit<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x2ed hfc y1ac9 ff2 fs5c fc1 sc0 ls0 ws0\">2.2 Tit<span class=\"_ _1\"></span>oli <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irc<span class=\"_ _1\"></span>olazio<span class=\"_ _3\"></span>ne<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 x8f5 hfb y1aca ff3 fs5c fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tale passivit\u00e0<span class=\"_ _0\"></span> (<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>) </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x8f6 y16d8 w794 h35d\"><div class=\"t m18 x17f hfb y1abf ff3 fs5c fc1 sc0 ls0 ws0\">Tota<span class=\"_ _0\"></span>le (1+2)</div></td><td class=\"c n x8f7 y16d8 w791 h35d\"><div class=\"t m18 x17f hfb y1abf ff3 fs5c fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>047<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8f8 y16d8 w795 h35d\"><div class=\"t m18 x17f hfb y1abf ff3 fs5c fc1 sc0 ls0 ws0\">1.04<span class=\"_ _0\"></span>7</div></td><td class=\"c n x8f9 y16d8 w78d h35d\"><div class=\"t m18 x17f hfb y1abf ff3 fs5c fc1 sc0 ls0 ws0\">966<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8fa y16d8 w793 h35d\"><div class=\"t m18 x17f hfb y1abf ff3 fs5c fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>66<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7f4\">La voce accoglie il <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ffere<span class=\"_ _1\"></span>nziale positivo generatosi tra il valore nominale dei crediti fiscali a<span class=\"_ _1\"></span>cqu<span class=\"_ _0\"></span>isiti da </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7f5\">istituto <span class=\"_ _6\"></span>b<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ari <span class=\"_ _6\"></span>da <span class=\"_ _f\"></span>pa<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>te <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>controllata <span class=\"_ _6\"></span>An<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ma <span class=\"_ _5\"></span>SGR<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>l<span class=\"_ _1\"></span>\u2019importo <span class=\"_ _6\"></span>corrisposto <span class=\"_ _6\"></span>all<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>controparte. <span class=\"_ _6\"></span>Tali </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7f6\">crediti sono stati ac<span class=\"_ _1\"></span>quistati ed intera<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _1\"></span>utilizzati nel <span class=\"_ _1\"></span>corso dell\u2019anno.<span class=\"_ _3\"></span> </div><div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs7f8\">S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>7<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>\u2013 <span class=\"_ _6\"></span>R<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>o <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _6\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _f\"></span>fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>anz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>al<span class=\"_ _0\"></span> </div><div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs7f9\">f<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>\u2013 <span class=\"_ _b\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span> </div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs7fa\">7.2 <span class=\"_ _0\"></span>Composizi<span class=\"_ _1\"></span>one <span class=\"_ _0\"></span>del \u201cRisultato <span class=\"_ _0\"></span>netto <span class=\"_ _0\"></span>delle altr<span class=\"_ _0\"></span>e attivit\u00e0 e <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>pass<span class=\"_ _1\"></span>ivit\u00e0 <span class=\"_ _0\"></span>finanziarie <span class=\"_ _0\"></span>valutate al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>fair </div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs7fb\">value\u201d <span class=\"_ _5\"></span>con <span class=\"_ _5\"></span>impatto <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>conto <span class=\"_ _5\"></span>economico: <span class=\"_ _5\"></span>altre <span class=\"_ _5\"></span>attiv<span class=\"_ _1\"></span>it\u00e0 <span class=\"_ _5\"></span>finanziarie <span class=\"_ _b\"></span>obbligatoriamente <span class=\"_ _5\"></span>valutate <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>fair<span class=\"_ _0\"></span> </div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs7fc\">value </div><div class=\"gs7fd\"><table class=\"s w7bf h3b8\" id=\"_241b136c-1c6a-4620-b60e-0e0924c6015d\"><tr><td class=\"c n x908 y1adb w7c0 h374\"><div class=\"t m0 x17f hfe y1ada ff3 fs5d fc1 sc0 ls0 ws0\">Voci/C<span class=\"_ _3\"></span>om<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>nenti reddi<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ua<span class=\"_ _1\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x926 y1adb w7c1 h374\"><div class=\"t m0 x17f hfe y1ada ff3 fs5d fc1 sc0 ls0 ws0\">Plu<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>va<span class=\"_ _3\"></span>lenze</div></td><td class=\"c n x927 y1adb w7c2 h374\"><div class=\"t m0 x17f hfe y1ada ff3 fs5d fc1 sc0 ls0 ws0\">U<span class=\"_ _0\"></span>til<span class=\"_ _1\"></span>i da<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rea<span class=\"_ _1\"></span>liz<span class=\"_ _3\"></span>zo</div></td><td class=\"c n x928 y1adb w7c3 h374\"><div class=\"t m0 x17f hfe y1ada ff3 fs5d fc1 sc0 ls0 ws0\">Min<span class=\"_ _3\"></span>us<span class=\"_ _0\"></span>va<span class=\"_ _1\"></span>lenze<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x929 y1adb w7c4 h374\"><div class=\"t m0 x17f hfe y1ada ff3 fs5d fc1 sc0 ls0 ws0\">Perdite da <span class=\"_ _1\"></span>realiz<span class=\"_ _3\"></span>zo</div></td><td class=\"c n x92a y1adb w7c5 h374\"><div class=\"t m0 x17f hfe y1ada ff3 fs5d fc1 sc0 ls0 ws0\">R<span class=\"_ _3\"></span>is<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>tato nett<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hfe y1adc ff3 fs5d fc1 sc0 ls0 ws0\">1.<span class=\"_ _d\"> </span>Attivit\u00e0 fin<span class=\"_ _3\"></span>anzi<span class=\"_ _1\"></span>ari<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x908 y1ade w7c6 h3b0\"><div class=\"t m0 x17f hff y1add ff2 fs5d fc1 sc0 ls0 ws0\">1.1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x92b y1ade w7c7 h3b0\"><div class=\"t m0 x17f hff y1add ff2 fs5d fc1 sc0 ls0 ws0\">Titoli di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>debit<span class=\"_ _3\"></span>o di cui t<span class=\"_ _3\"></span>itoli di Stat<span class=\"_ _1\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x92c y1ade w7c8 h3b0\"><div class=\"t m0 x17f hff y1add ff2 fs5d fc1 sc0 ls0 ws0\">32<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x92d y1ade w7c9 h3b0\"><div class=\"t m0 x17f hff y1add ff2 fs5d fc1 sc0 ls0 ws0\">(8)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x92e y1ade w7ca h3b0\"><div class=\"t m0 x17f hff y1add ff2 fs5d fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x908 y1adf w7c6 h3b0\"><div class=\"t m0 x17f hff y1add ff2 fs5d fc1 sc0 ls0 ws0\">1.2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x92b y1adf w7cb h3b0\"><div class=\"t m0 x17f hff y1add ff2 fs5d fc1 sc0 ls0 ws0\">Titoli di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>capit<span class=\"_ _3\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x908 y1ae0 w7c6 h3b0\"><div class=\"t m0 x17f hff y1add ff2 fs5d fc1 sc0 ls0 ws0\">1.3</div></td><td class=\"c n x92b y1ae0 w7cc h3b0\"><div class=\"t m0 x17f hff y1add ff2 fs5d fc1 sc0 ls0 ws0\">Quote<span class=\"_ _1\"></span> di O.I.C.<span class=\"_ _1\"></span>R.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x92f y1ae0 w7cd h3b0\"><div class=\"t m0 x17f hff y1add ff2 fs5d fc1 sc0 ls0 ws0\">3.086<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x930 y1ae0 w7ce h3b0\"><div class=\"t m0 x17f hff y1add ff2 fs5d fc1 sc0 ls0 ws0\">26<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x931 y1ae0 w7cf h3b0\"><div class=\"t m0 x17f hff y1add ff2 fs5d fc1 sc0 ls0 ws0\">(9<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x932 y1ae0 w7c9 h3b0\"><div class=\"t m0 x17f hff y1add ff2 fs5d fc1 sc0 ls0 ws0\">(2)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x933 y1ae0 w7d0 h3b0\"><div class=\"t m0 x17f hff y1add ff2 fs5d fc1 sc0 ls0 ws0\">3.255<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x934 hff y1ae1 ff5 fs5d fc1 sc0 ls0 ws0\">di cui O<span class=\"_ _0\"></span>ICR pr<span class=\"_ _1\"></span>opri<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x908 y1ae2 w7c6 h3b0\"><div class=\"t m0 x17f hff y1add ff2 fs5d fc1 sc0 ls0 ws0\">1.4</div></td><td class=\"c n x92b y1ae2 w7d1 h3b0\"><div class=\"t m0 x17f hff y1add ff2 fs5d fc1 sc0 ls0 ws0\">Fin<span class=\"_ _1\"></span>anziame<span class=\"_ _1\"></span>nt<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2ed h100 y1ae3 ff3 fs5e fc1 sc0 ls0 ws17\">2.<span class=\"ff26\"> </span><span class=\"ws0\">Attivit\u00e0 finanziarie <span class=\"_ _0\"></span>in <span class=\"_ _1\"></span>valuta: differenze di cambio<span class=\"_ _4a1\"> </span></span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2ed hfe y1ae4 ff3 fs5d fc1 sc0 ls0 ws0\">Total<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n x935 y1ae5 w7d2 h374\"><div class=\"t m0 x17f hfe y1ada ff3 fs5d fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.118<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x936 y1ae5 w7d3 h374\"><div class=\"t m0 x17f hfe y1ada ff3 fs5d fc1 sc0 ls0 ws0\">264<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x937 y1ae5 w7d4 h374\"><div class=\"t m0 x17f hfe y1ada ff3 fs5d fc1 sc0 ls0 ws0\">(93<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x938 y1ae5 w7cf h374\"><div class=\"t m0 x17f hfe y1ada ff3 fs5d fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x939 y1ae5 w7d2 h374\"><div class=\"t m0 x17f hfe y1ada ff3 fs5d fc1 sc0 ls0 ws0\">3.27<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7fe\">Nella <span class=\"_ _f\"> </span>tabella <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"> </span>ricomprese <span class=\"_ _f\"> </span>le <span class=\"_ _f\"> </span>variazioni <span class=\"_ _f\"> </span>pos<span class=\"_ _1\"></span>itive/negative <span class=\"_ _f\"> </span>(pl<span class=\"_ _1\"></span>usvalenze/minusvalenze) <span class=\"_ _6\"></span>derivanti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7ff\">dalla <span class=\"_ _b\"></span>valutazione <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>fair <span class=\"_ _b\"></span>value <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>attivi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>finanziarie <span class=\"_ _b\"></span>obbligatoriamente <span class=\"_ _b\"></span>valutate <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>fair<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>ue, <span class=\"_ _b\"></span>oltre </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs800\">agli <span class=\"_ _6\"></span>util<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>alle <span class=\"_ _6\"></span>perdite <span class=\"_ _6\"></span>realizzat<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>nell\u2019ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>derivanti <span class=\"_ _6\"></span>dalla <span class=\"_ _f\"></span>ve<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>dita<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _6\"></span>strumenti <span class=\"_ _6\"></span>finanziari<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs801\">portafoglio. </div>S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 1<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> \u2013<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Al<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rov<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>- <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>18<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>  13.1 Composizione deg<span class=\"_ _3\"></span>li \u201c<span class=\"_ _0\"></span>Altri proven<span class=\"_ _1\"></span>ti e oneri di g<span class=\"_ _1\"></span>esti<span class=\"_ _1\"></span>one\u201d  <table class=\"s w859 h3c1\" id=\"_537ec032-a594-439a-8d42-47516caa093f\"><tr><td class=\"c n x1a9 y18ae w85a h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Proventi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9ac y18ae w85b h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>31.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9ad y18ae w85c h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>31.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b20 w85d h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">Prove<span class=\"_ _3\"></span>nti<span class=\"_ _1\"></span> vari rela<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i ai prodot<span class=\"_ _3\"></span>ti ge<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>iti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9ae y1b20 w85e h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">1.89<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9af y1b20 w85f h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">52<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b21 w860 h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">Rec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>ro spese da cont<span class=\"_ _3\"></span>ratt<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>subloca<span class=\"_ _1\"></span>zione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b0 y1b21 w861 h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">55<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b1 y1b21 w85f h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">78<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b22 w862 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">Prove<span class=\"_ _3\"></span>nti<span class=\"_ _1\"></span> per cre<span class=\"_ _1\"></span>dit<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>d'impost<span class=\"_ _3\"></span>a vari<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b2 y1b22 w863 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b3 y1b22 w864 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>72<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b23 w865 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">Prove<span class=\"_ _3\"></span>nto pro<span class=\"_ _1\"></span>vvisorio da<span class=\"_ _1\"></span> primo consoli<span class=\"_ _3\"></span>da<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o K<span class=\"_ _0\"></span>airos SG<span class=\"_ _0\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b4 y1b23 w866 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">8.6<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1b24 w867 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">Prove<span class=\"_ _3\"></span>nti<span class=\"_ _1\"></span> vari<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b5 y1b24 w866 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">3.22<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b6 y1b24 w85e h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.943<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w868 h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b7 y16d8 w869 h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.9<span class=\"_ _0\"></span>67<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b8 y16d8 w86a h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>245<span class=\"_ _4a1\"> </span></div></td></tr></table>La <span class=\"_ _3\"></span>sottovoce <span class=\"_ _3\"></span>\u201cProventi <span class=\"_ _8\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _1\"></span>roventi <span class=\"_ _3\"></span>vari <span class=\"_ _3\"></span>relativi <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>prodotti <span class=\"_ _8\"></span>g<span class=\"_ _0\"></span>estiti<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>rife<span class=\"_ _1\"></span>risce <span class=\"_ _3\"></span>principalmente <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>recupero<span class=\"_ _1\"></span> per l\u2019imposta di boll<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> sulla re<span class=\"_ _1\"></span>ndicontazione inv<span class=\"_ _1\"></span>iata alla clientela evide<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziata<span class=\"_ _1\"></span> da Kairos SGR. <span class=\"_ _3\"></span> La <span class=\"_ _6\"></span>sottovoce <span class=\"_ _5\"></span>\u201c<span class=\"_ _0\"></span>P<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>venti <span class=\"_ _6\"></span>\u2013 <span class=\"_ _6\"></span>Provento <span class=\"_ _6\"></span>provvisor<span class=\"_ _1\"></span>io <span class=\"_ _6\"></span>da <span class=\"_ _5\"></span>prim<span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ons<span class=\"_ _1\"></span>olid<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>mento <span class=\"_ _6\"></span>Kairos\u201d <span class=\"_ _6\"></span>accoglie <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>irca<span class=\"_ _1\"></span> Euro <span class=\"_ _b\"></span>8,7 <span class=\"_ _b\"></span>mi<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ni <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>provento <span class=\"_ _b\"></span>provvisorio <span class=\"_ _b\"></span>rilevato <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>seguito <span class=\"_ _b\"></span>dell\u2019acquisizione <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Kairos <span class=\"_ _b\"></span>SGR <span class=\"_ _b\"></span>(\u201cbadwill\u201d<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> avvenuta il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ggio<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2024 (si <span class=\"_ _1\"></span>rimanda <span class=\"_ _3\"></span>alla \u201cNota i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>eg<span class=\"_ _0\"></span>rati<span class=\"_ _1\"></span>va consolidata <span class=\"_ _3\"></span>\u2013 Parte A<span class=\"_ _1\"></span> Pol<span class=\"_ _1\"></span>itiche c<span class=\"_ _1\"></span>ontabili <span class=\"_ _3\"></span>\u2013<span class=\"_ _0\"></span> Altre Informazioni \u2013 <span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>perazio<span class=\"_ _1\"></span>ne di aggregazio<span class=\"_ _1\"></span>ne di K<span class=\"_ _1\"></span>airos SGR\u201d del presente B<span class=\"_ _3\"></span>il<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io Consoli<span class=\"_ _1\"></span>dato).  La <span class=\"_ _f\"> </span>sottovoce <span class=\"_ _6\"></span>\u201c<span class=\"_ _0\"></span>Prove<span class=\"_ _1\"></span>nti <span class=\"_ _f\"> </span>-  P<span class=\"_ _3\"></span>roventi <span class=\"_ _f\"> </span>vari\u201d <span class=\"_ _f\"> </span>acco<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>lie <span class=\"_ _6\"></span>in <span class=\"_ _f\"> </span>particolare <span class=\"_ _f\"> </span>(i) <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>ricavo <span class=\"_ _f\"> </span>per <span class=\"_ _6\"></span>le <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>formative effettuate <span class=\"_ _b\"></span>da <span class=\"_ _5\"></span>Anima <span class=\"_ _b\"></span>SGR <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ore <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>alcu<span class=\"_ _1\"></span>ne <span class=\"_ _5\"></span>reti <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>vendita <span class=\"_ _5\"></span>per <span class=\"_ _b\"></span>circa <span class=\"_ _b\"></span>Euro <span class=\"_ _5\"></span>0,8 <span class=\"_ _5\"></span>milion<span class=\"_ _1\"></span>i <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>(ii) <span class=\"_ _b\"></span>i <span class=\"_ _5\"></span>proventi generati da Castello<span class=\"_ _1\"></span> SGR su crediti in<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>assat<span class=\"_ _1\"></span>i (per circa Euro u<span class=\"_ _1\"></span>n milione).<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-39": {
   "value": "S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 1<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0 <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0 1.1<span class=\"ff23\"> <span class=\"_ _8\"></span><span class=\"ff5\">\u201cCommis<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>oni attive e passive\u201d </span></span><table class=\"s w6bb h3af\" id=\"_08b9c203-b12b-486d-974f-5330ffca35f1\"><tr><td></td><td></td><td class=\"c n x7ba y1a36 w6bc h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x7bb y1a36 w6bd h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1a37 w6be h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">SERVIZ<span class=\"_ _3\"></span>I<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7bc y1a37 w6bf h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Comm. Attive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7bd y1a37 w6c0 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Comm. P<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>sive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7be y1a37 w6c1 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">C<span class=\"_ _3\"></span>omm.<span class=\"_ _0\"></span> Nette<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7bf y1a37 w6c2 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Comm.<span class=\"_ _0\"></span> Attive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c0 y1a37 w6c3 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Co<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>m. P<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>sive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c1 y1a37 w6c4 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">C<span class=\"_ _3\"></span>omm.<span class=\"_ _0\"></span> Nette<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hef y1a38 ff3 fs57 fc1 sc0 ls0 ws0\">A.<span class=\"_ _f\"> </span>G<span class=\"_ _3\"></span>ESTIONI DI PATRIMONI<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2ed hef y1a39 ff3 fs57 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> Gestioni<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>prie<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2ed hef y1a3a ff3 fs57 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 Fondi<span class=\"_ _3\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>muni<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a3c w6c5 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> gestione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c2 y1a3c w6c6 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">628<span class=\"_ _0\"></span>.087<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c3 y1a3c w6c7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(425<span class=\"_ _0\"></span>.400<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c4 y1a3c w6c8 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">202.<span class=\"_ _0\"></span>687<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c5 y1a3c w6c9 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>84<span class=\"_ _0\"></span>.523<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c6 y1a3c w6c7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(413<span class=\"_ _0\"></span>.343<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c7 y1a3c w6ca h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">171.18<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a3d w6cb h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> incen<span class=\"_ _1\"></span>tivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c8 y1a3d w6cc h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>09<span class=\"_ _0\"></span>.508<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7c9 y1a3d w6cd h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(302<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ca y1a3d w6ce h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>9.206<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7cb y1a3d w6cf h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">33.67<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7cc y1a3d w6d0 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7cd y1a3d w6cf h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">33.67<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a3e w6d1 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>m.<span class=\"_ _1\"></span> di sott<span class=\"_ _1\"></span>oscriz./<span class=\"_ _3\"></span>rimborso<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ce y1a3e w6d2 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>1.47<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7cf y1a3e w6d3 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(80.55<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d0 y1a3e w6d4 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">927<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d1 y1a3e w6d5 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">62<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>80<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d2 y1a3e w6d6 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(61<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>78<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d3 y1a3e w6d7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">1.01<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hf0 y1a3f ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>w<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ch<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a40 w6d8 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Al<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> com<span class=\"_ _3\"></span>miss<span class=\"_ _0\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d4 y1a40 w6c6 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">302<span class=\"_ _0\"></span>.197<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d5 y1a40 w6c7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(230<span class=\"_ _0\"></span>.526<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d6 y1a40 w6d9 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">71.671<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d7 y1a40 w6ca h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">178<span class=\"_ _0\"></span>.212<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d8 y1a40 w6c7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(134<span class=\"_ _0\"></span>.347<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7d9 y1a40 w6d9 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">43.865<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a41 w6da h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Totale commissio<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>a fond<span class=\"_ _3\"></span>i comuni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7da y1a41 w6db h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">1.1<span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>.26<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7db y1a41 w6dc h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">(736<span class=\"_ _0\"></span>.77<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7dc y1a41 w6dd h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>84.4<span class=\"_ _0\"></span>92<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7dd y1a41 w6de h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">859.<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7de y1a41 w6df h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>09<span class=\"_ _0\"></span>.48<span class=\"_ _0\"></span>5)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7df y1a41 w6de h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">249<span class=\"_ _0\"></span>.73<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hef y1a42 ff3 fs57 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 Gestioni<span class=\"_ _3\"></span> indi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>idu<span class=\"_ _3\"></span>ali<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a43 w6c5 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> gestione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e0 y1a43 w6e0 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">45<span class=\"_ _0\"></span>.642<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e1 y1a43 w6e1 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(6.03<span class=\"_ _0\"></span>5)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e2 y1a43 w6e0 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>9.607<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e3 y1a43 w6e0 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">41.83<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e4 y1a43 w6e2 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>.405<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e5 y1a43 w6e0 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">35.42<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a44 w6cb h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> incen<span class=\"_ _1\"></span>tivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e6 y1a44 w6d4 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">874<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7e7 y1a44 w6d4 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">874<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e8 y1a44 w6e3 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7e9 y1a44 w6e3 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a45 w6d1 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>m.<span class=\"_ _1\"></span> di sott<span class=\"_ _1\"></span>oscriz./<span class=\"_ _3\"></span>rimborso<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ea y1a45 w6e4 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">17<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7eb y1a45 w6e5 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a46 w6d8 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">- Al<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> com<span class=\"_ _3\"></span>miss<span class=\"_ _0\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ec y1a46 w6e4 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">35<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7ed y1a46 w6e6 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ee y1a46 w6e6 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7ef y1a46 w6e7 h347\"><div class=\"t m0 x17f hf0 y1a3b ff2 fs57 fc1 sc0 ls0 ws0\">36<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a47 w6e8 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">Totale commissio<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>a gestion<span class=\"_ _3\"></span>i ind<span class=\"_ _3\"></span>ividua<span class=\"_ _1\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f0 y1a47 w6e9 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">46.<span class=\"_ _0\"></span>568<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f1 y1a47 w6ea h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>.05<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f2 y1a47 w6eb h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">40<span class=\"_ _0\"></span>.51<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f3 y1a47 w6e9 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">41.8<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f4 y1a47 w6ec h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>.405<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f5 y1a47 w6e9 h3b0\"><div class=\"t m0 x17f hef y1a35 ff3 fs57 fc1 sc0 ls0 ws0\">35.<span class=\"_ _0\"></span>470<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hef y1a48 ff3 fs57 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>3 Fondi<span class=\"_ _3\"></span> pension<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> aperti<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a4a w6c5 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> gestione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e0 y1a4a w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">17<span class=\"_ _0\"></span>.630<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e1 y1a4a w6e1 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(9.34<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f6 y1a4a w6d7 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">8.28<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f7 y1a4a w6d9 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">14.670<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f8 y1a4a w6e2 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(7<span class=\"_ _0\"></span>.851<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7f9 y1a4a w6ed h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>81<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a4b w6cb h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> incen<span class=\"_ _1\"></span>tivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7fa y1a4b w6ee h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x7fb y1a4b w6e6 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2ed hf0 y1a4c ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>m.<span class=\"_ _1\"></span> di sott<span class=\"_ _1\"></span>oscriz./<span class=\"_ _3\"></span>rimborso<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a4d w6d8 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Al<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> com<span class=\"_ _3\"></span>miss<span class=\"_ _0\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7fc y1a4d w6ef h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">87<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7fd y1a4d w6f0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(23<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7fe y1a4d w6d4 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">641<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7ff y1a4d w6f1 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">780<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x800 y1a4d w6f2 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>66<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x801 y1a4d w6f3 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">51<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a4f w6f4 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">Totale commissio<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>a fond<span class=\"_ _3\"></span>i pensio<span class=\"_ _3\"></span>ne <span class=\"_ _0\"></span>ap<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x802 y1a4f w6eb h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">18<span class=\"_ _0\"></span>.53<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x803 y1a4f w6f5 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(9.5<span class=\"_ _0\"></span>78)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x804 y1a4f w6f6 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>.9<span class=\"_ _0\"></span>58<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x805 y1a4f w6f7 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">15.<span class=\"_ _0\"></span>45<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x806 y1a4f w6ea h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(8.1<span class=\"_ _0\"></span>17<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x807 y1a4f w6f8 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">7.3<span class=\"_ _0\"></span>33<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hef y1a50 ff3 fs57 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> Gestioni<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>icev<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e in d<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>lega<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a51 w6c5 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> gestione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e0 y1a51 w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">72<span class=\"_ _0\"></span>.474<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e1 y1a51 w6e1 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(8.31<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e2 y1a51 w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>4.164<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e3 y1a51 w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">71.87<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e4 y1a51 w6e2 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(8<span class=\"_ _0\"></span>.423<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x7e5 y1a51 w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">63.45<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a52 w6cb h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>ss<span class=\"_ _0\"></span>ioni<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> incen<span class=\"_ _1\"></span>tivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x808 y1a52 w6e0 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">15<span class=\"_ _0\"></span>.056<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x809 y1a52 w6d9 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">15.056<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x80a y1a52 w6f9 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.212<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x80b y1a52 w6d7 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.212<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a53 w6d8 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Al<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> com<span class=\"_ _3\"></span>miss<span class=\"_ _0\"></span>ion<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x80c y1a53 w6fa h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.810<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x80d y1a53 w6cd h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(873<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x80e y1a53 w6fb h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">1.937<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x80f y1a53 w6d7 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.880<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x810 y1a53 w6fc h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>.699<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x811 y1a53 w6fd h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span>81<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a54 w6fe h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">Totale commissio<span class=\"_ _1\"></span>ni d<span class=\"_ _1\"></span>a gestion<span class=\"_ _3\"></span>i rice<span class=\"_ _0\"></span>vute in <span class=\"_ _1\"></span>delega<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x812 y1a54 w6ff h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>0.34<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x813 y1a54 w6ea h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(9.1<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x814 y1a54 w6e9 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">81.<span class=\"_ _0\"></span>157<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x815 y1a54 w6f7 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">76.<span class=\"_ _0\"></span>96<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x816 y1a54 w700 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(10<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x817 y1a54 w6e9 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">66.<span class=\"_ _0\"></span>847<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a55 w701 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">TOTALE C<span class=\"_ _3\"></span>OM<span class=\"_ _0\"></span>MISSIONI PER GE<span class=\"_ _1\"></span>STIONE  (A)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x818 y1a55 w6db h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">1.2<span class=\"_ _0\"></span>76<span class=\"_ _0\"></span>.71<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x819 y1a55 w6dc h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(761<span class=\"_ _0\"></span>.59<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81a y1a55 w6de h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>15.<span class=\"_ _0\"></span>122<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81b y1a55 w6de h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">993.<span class=\"_ _0\"></span>51<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81c y1a55 w6dc h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(634<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81d y1a55 w702 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">35<span class=\"_ _0\"></span>9.3<span class=\"_ _0\"></span>86<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m0 x2ed hef y1a56 ff3 fs57 fc1 sc0 ls0 ws0\">B. A<span class=\"_ _0\"></span>L<span class=\"_ _1\"></span>TRI SERV<span class=\"_ _3\"></span>IZI<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a57 w703 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Co<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>sulenza<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81e y1a57 w6fa h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">1.46<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x81f y1a57 w704 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(27<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x820 y1a57 w6fd h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">1.4<span class=\"_ _0\"></span>38<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x821 y1a57 w705 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">45<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x822 y1a57 w704 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(34<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x823 y1a57 w6d4 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">425<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a58 w706 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">- Al<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> serviz<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x824 y1a58 w6d5 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>48<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x825 y1a58 w6e2 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>.199<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x826 y1a58 w707 h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">11.28<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x827 y1a58 w6fd h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">7.1<span class=\"_ _0\"></span>27<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x828 y1a58 w6fb h3b1\"><div class=\"t m0 x17f hf0 y1a49 ff2 fs57 fc1 sc0 ls0 ws0\">7.127<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a59 w708 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">TOTALE C<span class=\"_ _3\"></span>OM<span class=\"_ _0\"></span>MISSIONI PER ALTRI<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>SERVI<span class=\"_ _1\"></span>ZI  (B)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x829 y1a59 w6eb h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>4.9<span class=\"_ _0\"></span>48<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82a y1a59 w709 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>.227<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82b y1a59 w70a h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">12.<span class=\"_ _0\"></span>721<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82c y1a59 w6f8 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">7.5<span class=\"_ _0\"></span>86<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82d y1a59 w70b h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(3<span class=\"_ _0\"></span>4)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82e y1a59 w6f6 h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>.55<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w70c h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">COMMISSIONI COMPLESSIVE  (A+B)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x82f y16d8 w70d h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.291<span class=\"_ _0\"></span>.66<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x830 y16d8 w6dc h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(76<span class=\"_ _0\"></span>3.81<span class=\"_ _0\"></span>8)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x831 y16d8 w70e h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">527.<span class=\"_ _0\"></span>843<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x832 y16d8 w6db h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">1.0<span class=\"_ _0\"></span>01.<span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x833 y16d8 w6df h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>34<span class=\"_ _0\"></span>.16<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x834 y16d8 w6de h375\"><div class=\"t m0 x17f hef y1a4e ff3 fs57 fc1 sc0 ls0 ws0\">36<span class=\"_ _0\"></span>6.93<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr></table>I <span class=\"_ _6\"></span>pro<span class=\"_ _0\"></span>venti <span class=\"_ _6\"></span>derivanti <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>all\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>gestio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>dei <span class=\"_ _6\"></span>prodo<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>i <span class=\"_ _f\"> </span>sono <span class=\"_ _f\"></span>rapp<span class=\"_ _1\"></span>resentati <span class=\"_ _f\"> </span>pre<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alente<span class=\"_ _1\"></span>mente <span class=\"_ _f\"> </span>dalle commissioni <span class=\"_ _1f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>gestione <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>dalle <span class=\"_ _15\"> </span>commissioni <span class=\"_ _15\"> </span>di<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>incen<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _1f\"> </span>(ove <span class=\"_ _15\"> </span>contrattualmente <span class=\"_ _1f\"> </span>previste), <span class=\"_ _15\"> </span>che rappresentano <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>maggior <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>ricavi <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>G<span class=\"_ _1\"></span>ru<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>po. <span class=\"_ _b\"></span>Le <span class=\"_ _0\"></span>commissi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gesti<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> incentivo <span class=\"_ _0\"></span>sono prevalentemente <span class=\"_ _6\"></span>coll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ate<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>al <span class=\"_ _6\"></span>valore <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>d<span class=\"_ _1\"></span>egli <span class=\"_ _f\"> </span>AuM <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>al <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>isultato <span class=\"_ _6\"></span>della <span class=\"_ _6\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _6\"></span>stessi prodotti. <span class=\"_ _b\"></span>In <span class=\"_ _b\"></span>parti<span class=\"_ _1\"></span>col<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>re,<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>le <span class=\"_ _b\"></span>commissi<span class=\"_ _1\"></span>oni <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>gestione <span class=\"_ _0\"></span>sono <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>colate <span class=\"_ _b\"></span>periodicame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>come <span class=\"_ _b\"></span>percentuale<span class=\"_ _1\"></span> del  pa<span class=\"_ _1\"></span>trimonio <span class=\"_ _f\"> </span>(N<span class=\"_ _0\"></span>AV/<span class=\"_ _1\"></span>GAV/<span class=\"ff5\">commitment<span class=\"_ _3\"></span><span class=\"ff2\">)  del <span class=\"_ _f\"> </span>singolo  p<span class=\"_ _1\"></span>rodotto; <span class=\"_ _f\"> </span>la  c<span class=\"_ _1\"></span>ommissione <span class=\"_ _f\"> </span>di  in<span class=\"_ _1\"></span>centivo, <span class=\"_ _f\"> </span>invece, </span></span>viene <span class=\"_ _0\"></span>applicata <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>taluni <span class=\"_ _0\"></span>prodotti <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>corrisposta <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>fav<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>so<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>gestione d<span class=\"_ _0\"></span>el G<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>uppo <span class=\"_ _0\"></span>quando <span class=\"_ _0\"></span>il rendimento <span class=\"_ _f\"></span>del<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>prodotto <span class=\"_ _6\"></span>stesso, <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>ete<span class=\"_ _3\"></span>rminato <span class=\"_ _f\"> </span>perio<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o, <span class=\"_ _f\"> </span>s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>pera <span class=\"_ _f\"> </span>la<span class=\"_ _3\"></span>  p<span class=\"_ _3\"></span>erformance <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>u<span class=\"_ _1\"></span>n <span class=\"_ _f\"> </span>indice <span class=\"_ _f\"> </span>di rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mento <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>un <span class=\"_ _6\"></span>valore <span class=\"_ _6\"></span>prestabilito <span class=\"_ _5\"></span>o <span class=\"_ _6\"></span>un <span class=\"_ _6\"></span>obiettivo <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>rendim<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span>. <span class=\"_ _6\"></span>In <span class=\"_ _6\"></span>particolare, <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>taluni <span class=\"_ _6\"></span>fondi <span class=\"_ _6\"></span>la commissione <span class=\"_ _1\"></span>di i<span class=\"_ _1\"></span>ncentivo \u00e8 <span class=\"_ _3\"></span>dovuta a<span class=\"_ _1\"></span>lle s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet\u00e0<span class=\"_ _1\"></span> di <span class=\"_ _1\"></span>gestione <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _3\"></span>Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>se i<span class=\"_ _3\"></span>l valore <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>quota de<span class=\"_ _1\"></span>l fondo<span class=\"_ _3\"></span> aumenta <span class=\"_ _0\"></span>e il<span class=\"_ _0\"></span> valore r<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giunto <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>supe<span class=\"_ _1\"></span>riore <span class=\"_ _0\"></span>a qu<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>lo pi\u00f9<span class=\"_ _0\"></span> elevato <span class=\"_ _0\"></span>mai r<span class=\"_ _0\"></span>ag<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>iunto <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>precedenza. Pertanto, il <span class=\"_ _c\"> </span>conseguimento <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>commissi<span class=\"_ _1\"></span>oni <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>i<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o,<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>os\u00ec <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>ome <span class=\"_ _211\"> </span>il<span class=\"_ _0\"></span>  loro<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>ammontare, <span class=\"_ _c\"> </span>sono <span class=\"_ _c\"> </span>fortemente condizionati <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>diment<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onseguit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>dai <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndi <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>dagli <span class=\"_ _b\"></span>altri <span class=\"_ _b\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>odotti<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>gestiti: <span class=\"_ _0\"></span>fattore <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he <span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>sua <span class=\"_ _b\"></span>volta risente, oltre che della <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>alit\u00e0 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>estione, a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>che <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ell\u2019andame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to dei me<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cati di <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iferiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> e, pi\u00f9 in generale, dall\u2019andament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onomico-<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>inanziari<span class=\"_ _1\"></span>o n<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>zion<span class=\"_ _0\"></span>ale e <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>nazi<span class=\"_ _1\"></span>onale. Le <span class=\"_ _5\"></span>commissioni <span class=\"_ _5\"></span>attive <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>fondi <span class=\"_ _5\"></span>comuni <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>on <span class=\"_ _5\"></span>alternativi <span class=\"_ _b\"></span>(OICVM), <span class=\"_ _5\"></span>vengono <span class=\"_ _b\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>eral<span class=\"_ _1\"></span>mente inc<span class=\"_ _0\"></span>assa<span class=\"_ _1\"></span>te con <span class=\"_ _0\"></span>periodicit\u00e0 mensile, men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e quelle <span class=\"_ _0\"></span>deriva<span class=\"_ _1\"></span>nti <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>gest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ni <span class=\"_ _0\"></span>individuali, da <span class=\"_ _0\"></span>gestio<span class=\"_ _1\"></span>ni <span class=\"_ _0\"></span>ricevute in delega e da gesti<span class=\"_ _1\"></span>one di FIA con per<span class=\"_ _1\"></span>iodicit\u00e0 mensil<span class=\"_ _3\"></span>e/tr<span class=\"_ _0\"></span>imest<span class=\"_ _1\"></span>rale/semestrale.<span class=\"_ _1\"></span> Al 3<span class=\"_ _0\"></span>1 dicembre 2024, le c<span class=\"_ _0\"></span>ommissio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>nette comple<span class=\"_ _3\"></span>ssi<span class=\"_ _0\"></span>ve hanno registrato un incr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ento di circa <span class=\"_ _0\"></span>Euro 160,9 milioni.  Le <span class=\"_ _b\"></span>commissioni <span class=\"_ _0\"></span>nette <span class=\"_ _b\"></span>rivenienti<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>dai <span class=\"_ _b\"></span>Fo<span class=\"_ _1\"></span>ndi <span class=\"_ _b\"></span>Comuni, <span class=\"_ _0\"></span>rispetto <span class=\"_ _b\"></span>all\u2019anno <span class=\"_ _b\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ecedente,<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>hanno <span class=\"_ _0\"></span>consuntivato un <span class=\"_ _0\"></span>aumento <span class=\"_ _0\"></span>pari<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Eur<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>134,8 <span class=\"_ _0\"></span>mili<span class=\"_ _1\"></span>oni, <span class=\"_ _0\"></span>principa<span class=\"_ _1\"></span>lmente <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>l\u2019effetto<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>maggi<span class=\"_ _1\"></span>ori <span class=\"_ _0\"></span>commissio<span class=\"_ _1\"></span>ni <span class=\"_ _0\"></span>di inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o nette p<span class=\"_ _1\"></span>er circa Euro <span class=\"_ _1\"></span>75,5 milioni, (ii) ma<span class=\"_ _1\"></span>ggiori commissioni di gesti<span class=\"_ _3\"></span>one n<span class=\"_ _0\"></span>ette p<span class=\"_ _1\"></span>ari a Euro 31<span class=\"_ _1\"></span>,5 milioni <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>di <span class=\"_ _5\"></span>cui<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>ri<span class=\"_ _0\"></span>ve<span class=\"_ _1\"></span>nienti <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ai <span class=\"_ _5\"></span>FIA <span class=\"_ _f\"> </span>gestiti <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>Castell<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>SGR <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>irca <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>11,1 <span class=\"_ _f\"> </span>milioni<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span>, <span class=\"_ _6\"></span>(iii) <span class=\"_ _6\"></span>maggiori <span class=\"_ _f\"> </span>altre commissioni (<span class=\"_ _0\"></span>tra cui q<span class=\"_ _0\"></span>uelle di <span class=\"_ _0\"></span>collocament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> e <span class=\"_ _0\"></span>diritti fi<span class=\"_ _0\"></span>ssi) per E<span class=\"_ _0\"></span>uro 27,8<span class=\"_ _0\"></span> milioni. Il <span class=\"_ _0\"></span>contributo<span class=\"_ _0\"></span> di <span class=\"_ _0\"></span>Kair<span class=\"_ _1\"></span>os SGR alle commissio<span class=\"_ _1\"></span>ni nette rive<span class=\"_ _1\"></span>nienti dai Fondi <span class=\"_ _1\"></span>Comuni \u00e8 pari a Euro 20<span class=\"_ _1\"></span>,8 milioni. Con <span class=\"_ _0\"></span>riferiment<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>Gesti<span class=\"_ _1\"></span>oni <span class=\"_ _0\"></span>individ<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ali, <span class=\"_ _0\"></span>si evidenzia u<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>cremento d<span class=\"_ _0\"></span>elle commissioni n<span class=\"_ _0\"></span>ette rispetto all\u2019esercizio prec<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ente pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa E<span class=\"_ _0\"></span>uro 5<span class=\"_ _0\"></span> milioni, principalmente legato <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>cont<span class=\"_ _1\"></span>ribuzione <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Kairos per circa Euro 3,9 mi<span class=\"_ _1\"></span>lioni. Le <span class=\"_ _1b\"> </span>commissi<span class=\"_ _1\"></span>oni <span class=\"_ _1b\"> </span>nette <span class=\"_ _19\"> </span>da <span class=\"_ _1b\"> </span>Fondi <span class=\"_ _19\"> </span>pensione <span class=\"_ _19\"> </span>aperti, <span class=\"_ _19\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>spetto <span class=\"_ _19\"> </span>all\u2019<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizio <span class=\"_ _e\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>23, <span class=\"_ _1b\"> </span>sono <span class=\"_ _19\"> </span>aumentate com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca Euro 1<span class=\"_ _1\"></span>,6 milioni. Le <span class=\"_ _3\"></span>commissioni <span class=\"_ _8\"></span>n<span class=\"_ _0\"></span>ette <span class=\"_ _3\"></span>del<span class=\"_ _1\"></span>le <span class=\"_ _3\"></span>Gestioni <span class=\"_ _3\"></span>ricevute <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>dele<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>a, <span class=\"_ _8\"></span>ri<span class=\"_ _0\"></span>spet<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>all\u2019esercizio <span class=\"_ _8\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>23, <span class=\"_ _3\"></span>si <span class=\"_ _1\"></span>sono <span class=\"_ _8\"></span>incr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>mentate com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssiv<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>te di circa Euro <span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>4,3 <span class=\"_ _0\"></span>mi<span class=\"_ _1\"></span>lioni, pr<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ncip<span class=\"_ _1\"></span>almente <span class=\"_ _0\"></span>per effetto (i) di<span class=\"_ _0\"></span> maggiori<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>com<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ission<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>di inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o pe<span class=\"_ _1\"></span>r circa Eu<span class=\"_ _1\"></span>ro 13,8 milioni, <span class=\"_ _1\"></span>(ii) di maggior<span class=\"_ _1\"></span>i commissio<span class=\"_ _1\"></span>ni di gesti<span class=\"_ _1\"></span>one per circa E<span class=\"_ _1\"></span>uro 0,7 milio<span class=\"_ _1\"></span>ni, al netto (iii) di mi<span class=\"_ _1\"></span>nori altre commissi<span class=\"_ _1\"></span>oni per circa <span class=\"_ _1\"></span>Euro 0,2 milioni. Inoltre, <span class=\"_ _f\"> </span>con <span class=\"_ _f\"> </span>riferimento <span class=\"_ _f\"> </span>alle <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ommiss<span class=\"_ _1\"></span>ioni <span class=\"_ _f\"> </span>nette <span class=\"_ _f\"> </span>rivenienti <span class=\"_ _f\"> </span>da <span class=\"_ _f\"> </span>Altri <span class=\"_ _f\"> </span>servizi, <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>evidenzia <span class=\"_ _6\"></span>un<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>au<span class=\"_ _1\"></span>mento rispetto <span class=\"_ _e\"> </span>all'ese<span class=\"_ _1\"></span>rcizio <span class=\"_ _e\"> </span>2023 <span class=\"_ _d\"> </span>pari <span class=\"_ _e\"> </span>a <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>irca <span class=\"_ _15\"> </span>E<span class=\"_ _0\"></span>uro<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>5,2 <span class=\"_ _e\"> </span>milioni <span class=\"_ _e\"> </span>prin<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipalmente<span class=\"_ _3\"></span> <span class=\"_ _19\"> </span>dovuto <span class=\"_ _d\"> </span>a <span class=\"_ _e\"> </span>(i) <span class=\"_ _d\"> </span>mag<span class=\"_ _0\"></span>gio<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i commissioni <span class=\"_ _e\"> </span>attive <span class=\"_ _d\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>istrate <span class=\"_ _e\"> </span>s<span class=\"_ _1\"></span>ulle <span class=\"_ _e\"> </span>attivit\u00e0 <span class=\"_ _e\"> </span>di <span class=\"_ _e\"> </span>order <span class=\"_ _d\"> </span>rou<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>g <span class=\"_ _e\"> </span>e <span class=\"_ _e\"> </span>securities <span class=\"_ _d\"> </span>l<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>ing, <span class=\"_ _e\"> </span>(ii) <span class=\"_ _d\"> </span>m<span class=\"_ _0\"></span>aggio<span class=\"_ _1\"></span>ri commissioni di<span class=\"_ _3\"></span> consulenza per <span class=\"_ _3\"></span>ci<span class=\"_ _0\"></span>rca <span class=\"_ _3\"></span>Euro 0,3 mi<span class=\"_ _1\"></span>lioni, (iii<span class=\"_ _1\"></span>) al cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ibut<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di Kairos SG<span class=\"_ _3\"></span>R <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r circa E<span class=\"_ _1\"></span>uro 1,8 milioni ed infine (i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>) al co<span class=\"_ _1\"></span>ntributo per le attivit\u00e0 s<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ol<span class=\"_ _3\"></span>te da Vita Srl per circa Euro 1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span> milioni. 1.2<span class=\"ff23\"> <span class=\"_ _8\"></span><span class=\"ff5\">\u201cCommis<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>oni passive\u201d: ripar<span class=\"_ _0\"></span>tiz<span class=\"_ _1\"></span>ione per tipologia e c<span class=\"_ _0\"></span>ontroparte<span class=\"_ _3\"></span> </span></span><table class=\"s w70f h3b2\" id=\"_1f6fd543-3174-42db-8c29-25e56c959771\"><tr><td></td><td></td><td class=\"c n x835 y1a5b w710 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">Ban<span class=\"_ _1\"></span>che<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x836 y1a5b w711 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">En<span class=\"_ _3\"></span>ti Finan<span class=\"_ _3\"></span>zia<span class=\"_ _1\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x837 y1a5b w712 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">Altri<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>sog<span class=\"_ _3\"></span>ge<span class=\"_ _0\"></span>tti<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x838 y1a5b w713 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> 31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1a5c w714 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">Tip<span class=\"_ _1\"></span>olo<span class=\"_ _3\"></span>gia/Co<span class=\"_ _1\"></span>ntropa<span class=\"_ _1\"></span>rte<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x839 y1a5c w715 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">di cui Gr<span class=\"_ _3\"></span>uppo<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x83a y1a5c w716 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">di cui G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>ppo<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x83b y1a5c w717 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">di cui<span class=\"_ _1\"></span> Grupp<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x83c y1a5c w718 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">d<span class=\"_ _3\"></span>i c<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>i Gr<span class=\"_ _1\"></span>uppo<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1 x2ed hf2 y1a5d ff3 fs58 fc1 sc0 ls0 ws0\">A. GESTIONE<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>DI PATRIMONI<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a5e w719 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> Gestioni<span class=\"_ _3\"></span> propri<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x83d y1a5e w71a h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(729<span class=\"_ _0\"></span>.08<span class=\"_ _0\"></span>3)</div></td><td class=\"t m1 x83e hf2 y1a5f ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x83f y1a5e w71b h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(3.<span class=\"_ _0\"></span>914)</div></td><td class=\"t m1 x840 hf2 y1a5f ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x841 y1a5e w71c h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(19<span class=\"_ _0\"></span>.409<span class=\"_ _0\"></span>)</div></td><td class=\"t m1 x842 hf2 y1a60 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x843 y1a5e w71d h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(75<span class=\"_ _0\"></span>2.40<span class=\"_ _0\"></span>7)</div></td><td class=\"t m1 x844 hf2 y1a60 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1a61 w71e h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 Commission<span class=\"_ _3\"></span>i di col<span class=\"_ _1\"></span>locamento<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x845 y1a61 w71f h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>82.8<span class=\"_ _0\"></span>43)</div></td><td class=\"t m1 x83e hf2 y1a62 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x846 y1a61 w720 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(54<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)</div></td><td class=\"t m1 x840 hf2 y1a63 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x847 y1a61 w721 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(338<span class=\"_ _0\"></span>)</div></td><td class=\"t m1 x842 hf2 y1a62 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x848 y1a61 w722 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(83<span class=\"_ _0\"></span>.72<span class=\"_ _0\"></span>0)</div></td><td class=\"t m1 x844 hf2 y1a63 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x849 y1a65 w723 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">- OICR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x84a y1a65 w724 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(8<span class=\"_ _0\"></span>2.826)</div></td><td class=\"t m1 x299 hf2 y1a66 ff3 fs58 fc1 sc0 ls0 ws0\">  <span class=\"ls6 ws14\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></td><td class=\"c n x84b y1a65 w725 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(54<span class=\"_ _0\"></span>0)</div></td><td class=\"t m1 x84c hf2 y1a67 ff3 fs58 fc1 sc0 ls0 ws0\">  <span class=\"ls6 ws14\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></td><td class=\"c n x84d y1a65 w726 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(74<span class=\"_ _0\"></span>)</div></td><td class=\"t m1 x84e hf2 y1a66 ff3 fs58 fc1 sc0 ls0 ws0\">  <span class=\"ls6 ws14\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></td><td class=\"c n x84f y1a65 w727 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(83.<span class=\"_ _0\"></span>440)</div></td><td class=\"t m1 x850 hf2 y1a67 ff3 fs58 fc1 sc0 ls0 ws0\">  <span class=\"ls6 ws14\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></td></tr><tr><td class=\"c n x849 y1a68 w728 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">- Ges<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ioni ind<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _3\"></span>du<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x851 y1a68 w729 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>7)</div></td><td class=\"t m1 x852 hf2 y1a69 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x853 y1a68 w72a h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1 x840 hf2 y1a6a ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x854 y1a68 w72b h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>64)</div></td><td class=\"t m1 x336 hf2 y1a69 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x855 y1a68 w72b h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(28<span class=\"_ _0\"></span>1)</div></td><td class=\"t m1 x844 hf2 y1a6b ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x849 y1a6c w72c h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">- Fondi Pen<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x856 y1a6c w72a h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x857 y1a6c w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x858 y1a6c w72e h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x859 y1a6c w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1a6d w72f h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 Commission<span class=\"_ _3\"></span>i di ma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teni<span class=\"_ _1\"></span>mento<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x85a y1a6d w730 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>15.<span class=\"_ _0\"></span>48<span class=\"_ _0\"></span>3)</div></td><td class=\"t m1 x83e hf2 y1a6e ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x85b y1a6d w71b h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(3.<span class=\"_ _0\"></span>375)</div></td><td class=\"t m1 x84c hf2 y1a6f ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x85c y1a6d w71f h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(18<span class=\"_ _0\"></span>.769<span class=\"_ _0\"></span>)</div></td><td class=\"t m1 x842 hf2 y1a6e ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x85d y1a6d w731 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(43<span class=\"_ _0\"></span>7.62<span class=\"_ _0\"></span>7)</div></td><td class=\"t m1 x850 hf2 y1a6f ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x849 y1a70 w723 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">- OICR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x85e y1a70 w732 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(40<span class=\"_ _0\"></span>1.<span class=\"_ _1\"></span>2<span class=\"_ _0\"></span>94)</div></td><td class=\"t m1 x852 hf2 y1a71 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x85f y1a70 w733 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>2.639)</div></td><td class=\"t m1 x84c hf2 y1a71 ff3 fs58 fc1 sc0 ls0 ws0\">  <span class=\"ls6 ws15\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></td><td class=\"c n x860 y1a70 w734 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>8.576<span class=\"_ _0\"></span>)</div></td><td class=\"t m1 x84e hf2 y1a72 ff3 fs58 fc1 sc0 ls0 ws0\">  <span class=\"ls6 ws15\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></td><td class=\"c n x861 y1a70 w735 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(42<span class=\"_ _0\"></span>2.51<span class=\"_ _0\"></span>0)</div></td><td class=\"t m1 x850 hf2 y1a73 ff3 fs58 fc1 sc0 ls0 ws0\">  <span class=\"ls6 ws15\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></td></tr><tr><td class=\"c n x849 y1a74 w728 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">- Ges<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ioni ind<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _3\"></span>du<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x862 y1a74 w733 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(5.57<span class=\"_ _0\"></span>8)</div></td><td class=\"t m1 x852 hf2 y1a75 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x863 y1a74 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1 x840 hf2 y1a75 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x864 y1a74 w72b h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>93)</div></td><td class=\"t m1 x336 hf2 y1a76 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x865 y1a74 w736 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(5.<span class=\"_ _0\"></span>771)</div></td><td class=\"t m1 x844 hf2 y1a76 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x849 y1a77 w72c h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">- Fondi Pen<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x866 y1a77 w737 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>8.610)</div></td><td class=\"t m1 x299 hf2 y1a78 ff3 fs58 fc1 sc0 ls0 ws0\">  <span class=\"ls6 ws15\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></td><td class=\"c n x867 y1a77 w72b h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(736<span class=\"_ _0\"></span>)</div></td><td class=\"t m1 x84c hf2 y1a78 ff3 fs58 fc1 sc0 ls0 ws0\">  <span class=\"ls6 ws15\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></td><td class=\"c n x868 y1a77 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-</div></td><td class=\"t m1 x84e hf2 y1a79 ff3 fs58 fc1 sc0 ls0 ws0\">  <span class=\"ls6 ws15\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></td><td class=\"c n x869 y1a77 w733 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(9.34<span class=\"_ _0\"></span>6)</div></td><td class=\"t m1 x850 hf2 y1a79 ff3 fs58 fc1 sc0 ls0 ws0\">  <span class=\"ls6 ws15\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></span></td></tr><tr><td class=\"c n x1a9 y1a7a w738 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>3 Commission<span class=\"_ _3\"></span>i di in<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>entivaz<span class=\"_ _3\"></span>ione<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"t m1 x83e hf2 y1a7b ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td></td><td class=\"t m1 x84c hf2 y1a7c ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x86a y1a7a w72b h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(302<span class=\"_ _0\"></span>)</div></td><td class=\"t m1 x842 hf2 y1a7b ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x86b y1a7a w721 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>302)</div></td><td class=\"t m1 x850 hf2 y1a7c ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x849 y1a7d w723 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">- OICR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x86c y1a7d w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1 x83e hf2 y1a7e ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x86d y1a7d w72a h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1 x84c hf2 y1a7e ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x86e y1a7d w72b h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(302<span class=\"_ _0\"></span>)</div></td><td class=\"t m1 x842 hf2 y1a7f ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x86f y1a7d w72b h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>302)</div></td><td class=\"t m1 x850 hf2 y1a7f ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x849 y1a80 w728 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">- Ges<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ioni ind<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _3\"></span>du<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x870 y1a80 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x871 y1a80 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x872 y1a80 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x873 y1a81 w72c h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">- Fondi Pen<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x874 y1a81 w72a h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1 x83e hf2 y1a82 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x875 y1a81 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1 x84c hf2 y1a83 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x876 y1a81 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1 x842 hf2 y1a82 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td></td><td class=\"t m1 x850 hf2 y1a84 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1a85 w739 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>4 Altre c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mmissioni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x877 y1a85 w73a h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>30.<span class=\"_ _0\"></span>75<span class=\"_ _0\"></span>8)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x878 y1a85 w73b h3b3\" colspan=\"2\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>30.<span class=\"_ _0\"></span>75<span class=\"_ _0\"></span>8)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x849 y1a86 w723 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">- OICR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x85e y1a86 w732 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(23<span class=\"_ _0\"></span>0.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>26)</div></td><td class=\"t m1 x83e hf2 y1a87 ff3 fs58 fc1 sc0 ls6 ws13\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x879 y1a86 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-</div></td><td class=\"t m1 x84c hf2 y1a87 ff3 fs58 fc1 sc0 ls6 ws13\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x87a y1a86 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-</div></td><td class=\"t m1 x842 hf2 y1a88 ff3 fs58 fc1 sc0 ls6 ws13\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x87b y1a86 w73c h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(23<span class=\"_ _0\"></span>0.526)</div></td><td class=\"t m1 x850 hf2 y1a88 ff3 fs58 fc1 sc0 ls6 ws13\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td></tr><tr><td class=\"c n x849 y1a89 w728 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">- Ges<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ioni ind<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _3\"></span>du<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x870 y1a89 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x871 y1a89 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x872 y1a89 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x87c y1a89 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x849 y1a8a w72c h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">- Fondi Pen<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x87d y1a8a w721 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(23<span class=\"_ _0\"></span>1)</div></td><td class=\"t m1 x83e hf2 y1a8b ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x87e y1a8a w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1 x84c hf2 y1a8b ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x87f y1a8a w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-</div></td><td class=\"t m1 x842 hf2 y1a8c ff3 fs58 fc1 sc0 ls6 ws13\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x880 y1a8a w73d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(231)</div></td><td class=\"t m1 x850 hf2 y1a8c ff3 fs58 fc1 sc0 ls6 ws13\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td></tr><tr><td class=\"c n x1a9 y1a8d w73e h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> Gestioni<span class=\"_ _3\"></span> rice<span class=\"_ _0\"></span>vute in d<span class=\"_ _1\"></span>elega<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x881 y1a8d w71b h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(2.9<span class=\"_ _0\"></span>49)</div></td><td class=\"t m1 x83e hf2 y1a8e ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x882 y1a8d w720 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>230<span class=\"_ _0\"></span>)</div></td><td class=\"t m1 x84c hf2 y1a8f ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x883 y1a8d w73f h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(6.0<span class=\"_ _0\"></span>03)</div></td><td class=\"t m1 x842 hf2 y1a8e ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x884 y1a8d w740 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(9.<span class=\"_ _0\"></span>18<span class=\"_ _0\"></span>3)</div></td><td class=\"t m1 x850 hf2 y1a8f ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x849 y1a90 w723 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">- OICR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x885 y1a90 w736 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(2.9<span class=\"_ _0\"></span>49)</div></td><td class=\"t m1 x83e hf2 y1a91 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x886 y1a90 w725 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(23<span class=\"_ _0\"></span>0)</div></td><td class=\"t m1 x84c hf2 y1a91 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x887 y1a90 w733 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(6.0<span class=\"_ _0\"></span>03)</div></td><td class=\"t m1 x842 hf2 y1a92 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x888 y1a90 w736 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(9.<span class=\"_ _0\"></span>183)</div></td><td class=\"t m1 x850 hf2 y1a92 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x849 y1a93 w728 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">- Ges<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>ioni ind<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _3\"></span>du<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x870 y1a93 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x871 y1a93 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x872 y1a93 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x87c y1a93 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x849 y1a94 w72c h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">- Fondi Pen<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x856 y1a94 w72a h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x857 y1a94 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x858 y1a94 w72e h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x859 y1a94 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1a21 w741 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">TOTALE<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>C<span class=\"_ _3\"></span>OM<span class=\"_ _0\"></span>MISSIONI PER ATTIVIT<span class=\"_ _1\"></span>A' DI GESTION<span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>  (A)</div></td><td class=\"c n x889 y1a21 w71d h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(732<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>33)</div></td><td class=\"t m1 x299 hf2 y1a95 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x88a y1a21 w742 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(4.145)</div></td><td class=\"t m1 x84c hf2 y1a96 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x88b y1a21 w743 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(25.412)</div></td><td class=\"t m1 x84e hf2 y1a95 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x88c y1a21 w744 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(761.590)</div></td><td class=\"t m1 x850 hf2 y1a96 ff3 fs58 fc1 sc0 ls6 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"t m1 x2ed hf2 y1a97 ff3 fs58 fc1 sc0 ls0 ws0\">B.<span class=\"_ _0\"></span> AL<span class=\"_ _1\"></span>TRI SERVI<span class=\"_ _3\"></span>ZI<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1a98 w745 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">Cons<span class=\"_ _0\"></span>ul<span class=\"_ _3\"></span>enze<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x88d y1a98 w746 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(1)</div></td><td class=\"t m1 x83e hf2 y1a99 ff3 fs58 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x88e y1a98 w72d h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"t m1 x84c hf2 y1a99 ff3 fs58 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x88f y1a98 w726 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(26<span class=\"_ _0\"></span>)</div></td><td class=\"t m1 x842 hf2 y1a9a ff3 fs58 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x890 y1a98 w747 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(2<span class=\"_ _0\"></span>7)</div></td><td class=\"t m1 x850 hf2 y1a9a ff3 fs58 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1a9b w748 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">Altri servi<span class=\"_ _1\"></span>zi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x891 y1a9b w749 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>65)</div></td><td class=\"t m1 x299 hf2 y1a9c ff3 fs58 fc1 sc0 ls0 ws16\"> <span class=\"ws0\">-</span></td><td></td><td class=\"t m1 x84c hf2 y1a9c ff3 fs58 fc1 sc0 ls0 ws16\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x892 y1a9b w733 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(2.1<span class=\"_ _0\"></span>34)</div></td><td class=\"t m1 x84e hf2 y1a9d ff3 fs58 fc1 sc0 ls0 ws16\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td><td class=\"c n x893 y1a9b w733 h346\"><div class=\"t m1 x17f hf3 y1a64 ff2 fs58 fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>199)</div></td><td class=\"t m1 x850 hf2 y1a9d ff3 fs58 fc1 sc0 ls0 ws16\"> <span class=\"ws0\">-<span class=\"_ _4a1\"> </span></span></td></tr><tr><td class=\"c n x1a9 y1a9e w74a h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">TOTALE<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>C<span class=\"_ _3\"></span>OM<span class=\"_ _0\"></span>MISSIONI PER ALT<span class=\"_ _1\"></span>RI SERVI<span class=\"_ _1\"></span>ZI (B)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x894 y1a9e w726 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>66)</div></td><td class=\"t m1 x299 hf2 y1a9f ff3 fs58 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></td><td></td><td class=\"t m1 x84c hf2 y1aa0 ff3 fs58 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x895 y1a9e w74b h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(2.1<span class=\"_ _0\"></span>60)</div></td><td class=\"c n x896 y1aa1 w74c h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x897 y1aa1 w74d h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(2.226)</div></td><td class=\"t m1 x850 hf2 y1aa0 ff3 fs58 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y16d8 w74e h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">COMMISSIONI COMPLESSIVE (A+B)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x898 y16d8 w71a h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(732<span class=\"_ _0\"></span>.09<span class=\"_ _0\"></span>9)</div></td><td class=\"t m1 x299 hf2 y1aa2 ff3 fs58 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x899 y16d8 w742 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(4.145)</div></td><td class=\"t m1 x84c hf2 y1aa3 ff3 fs58 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x89a y1aa4 w743 h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws0\">(27.573)</div></td><td class=\"t m1 x84e hf2 y1aa2 ff3 fs58 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></td><td class=\"c n x89b y1aa4 w74f h3b3\"><div class=\"t m1 x17f hf2 y1a5a ff3 fs58 fc1 sc0 ls0 ws13\">(763.817)</div></td><td class=\"t m1 x850 hf2 y1aa3 ff3 fs58 fc1 sc0 ls0 ws0\">-</td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFeeAndCommissionIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-40": {
   "value": "S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 2<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>Di<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rov<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 V<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>40 2.1<span class=\"ff23\"> <span class=\"_ _3\"></span><span class=\"ff5 fsb\">Composizione dei \u201cDividenti e prov<span class=\"_ _0\"></span>enti<span class=\"_ _1\"></span> assimilati\u201d<span class=\"fs2\"> </span></span></span><table class=\"s w750 h3b4\" id=\"_a1c72a62-59c7-4b30-a287-44821896487d\"><tr><td class=\"t m1d x2ed hf5 y1aa5 ff3 fs59 fc1 sc0 ls0 ws0\">Voci<span class=\"_ _0\"></span>/P<span class=\"_ _0\"></span>rovent<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></td><td class=\"c n x89c y1aa7 w751 h386\"><div class=\"t m1d x17f hf5 y1aa6 ff3 fs59 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tale 31.<span class=\"_ _0\"></span>12.2024<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x89d y1aa7 w752 h386\"><div class=\"t m1d x17f hf5 y1aa6 ff3 fs59 fc1 sc0 ls0 ws0\">T<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>e 31.12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n x89e y193b w753 h386\"><div class=\"t m1d x17f hf5 y1aa6 ff3 fs59 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>di<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x89f y193b w754 h386\"><div class=\"t m1d x17f hf5 y1aa6 ff3 fs59 fc1 sc0 ls0 ws0\">Provent<span class=\"_ _0\"></span>i simil<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a0 y193b w755 h386\"><div class=\"t m1d x17f hf5 y1aa6 ff3 fs59 fc1 sc0 ls0 ws0\">Di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>endi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a1 y193b w756 h386\"><div class=\"t m1d x17f hf5 y1aa6 ff3 fs59 fc1 sc0 ls0 ws0\">Prov<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>simil<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x2ed hf6 y1aa8 ff2 fs59 fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>.<span class=\"_ _19\"> </span>A<span class=\"_ _0\"></span>tti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>t\u00e0 f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nanziarie detenu<span class=\"_ _1\"></span>te <span class=\"_ _3\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>negoziazio<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1d x2ed hf6 y1aa9 ff2 fs59 fc1 sc0 ls0 ws0\">B.<span class=\"_ _17\"> </span>A<span class=\"_ _0\"></span>lt<span class=\"_ _1\"></span>re att<span class=\"_ _1\"></span>ivit<span class=\"_ _1\"></span>\u00e0 f<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>na<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>ziarie o<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>iga<span class=\"_ _0\"></span>to<span class=\"_ _3\"></span>riame<span class=\"_ _0\"></span>nt<span class=\"_ _3\"></span>e va<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ut<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>te al fair valu<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m1d x2ed hf6 y1aaa ff2 fs59 fc1 sc0 ls0 ws0\">C<span class=\"_ _0\"></span>.<span class=\"_ _19\"> </span>A<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>tivi<span class=\"_ _1\"></span>t\u00e0 fin<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nzi<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>ri<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> valuate al<span class=\"_ _1\"></span> fa<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r v<span class=\"_ _0\"></span>alue<span class=\"_ _3\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>n<span class=\"_ _3\"></span> impatt<span class=\"_ _3\"></span>o su<span class=\"_ _1\"></span>ll<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> redd<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>tivi<span class=\"_ _3\"></span>t\u00e0<span class=\"_ _0\"></span> co<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>lessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1aac w757 h38d\"><div class=\"t m1d x17f hf6 y1aab ff2 fs59 fc1 sc0 ls0 ws0\">D<span class=\"_ _0\"></span>.<span class=\"_ _e\"> </span>Partecip<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>ni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a2 y1aac w2eb h38d\"><div class=\"t m1d x17f hf6 y1aab ff2 fs59 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _0\"></span>25<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8a3 y1aac w758 h38d\"><div class=\"t m1d x17f hf6 y1aab ff2 fs59 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x24e y16d8 w759 h386\"><div class=\"t m1d x17f hf5 y1aa6 ff3 fs59 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a4 y16d8 w75a h386\"><div class=\"t m1d x17f hf5 y1aa6 ff3 fs59 fc1 sc0 ls0 ws0\">3.1<span class=\"_ _0\"></span>25<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr></table>La <span class=\"_ _0\"></span>voce <span class=\"_ _b\"></span>a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>coglie <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>dividend<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>incassati <span class=\"_ _0\"></span>rivenienti d<span class=\"_ _0\"></span>all<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>BMPS <span class=\"_ _0\"></span>detenute <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>portafoglio <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>data di stacco cedola.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-492": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs7d8\">S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 3<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span><span class=\"ff2\">s<span class=\"_ _0\"></span></span>i <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>50<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>60 </div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs7d9\">3.1 Composizione degli \u201cInteressi attivi e proventi assimilati\u201d </div><div class=\"gs7da\"><table class=\"s w75b h3b5\" id=\"_ddde90c3-ed55-4d03-a874-e7051e08f2f5\"><tr><td class=\"c n x1a9 y1aae w75c h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Voci/<span class=\"_ _0\"></span>Fo<span class=\"_ _0\"></span>rm<span class=\"_ _3\"></span>e t<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>iche<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8a5 y1aae w75d h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Tito<span class=\"_ _0\"></span>li di debi<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a6 y1aae w75e h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>C<span class=\"_ _1\"></span>T<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a7 y1aae w75f h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">De<span class=\"_ _0\"></span>positi<span class=\"_ _0\"></span> e c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i correnti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a8 y1aae w760 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Altre op<span class=\"_ _0\"></span>erazion<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a9 y1aae w761 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tale 31.12<span class=\"_ _0\"></span>.2024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8aa y1aae w761 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.<span class=\"_ _0\"></span>2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ab0 w762 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.<span class=\"_ _21\"> </span>Att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie valutate<span class=\"_ _1\"></span> al fair value con<span class=\"_ _3\"></span> impatto<span class=\"_ _1\"></span> a cont<span class=\"_ _3\"></span>o eco<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8ab y1ab0 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ac y1ab0 w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ad y1ab0 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ae y1ab0 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8af y1ab0 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b0 y1ab0 w767 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x8b1 y1ab1 w768 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.1 Attivit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie deten<span class=\"_ _1\"></span>ute pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a n<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>gozi<span class=\"_ _1\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x8b2 y1ab1 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x8b1 y1ab2 w769 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.2 Attivit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie desi<span class=\"_ _1\"></span>gnate al fair value<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x8b3 y1ab2 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x8b1 y1ab3 w76a h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.3 Altre att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie o<span class=\"_ _1\"></span>b<span class=\"_ _0\"></span>bligatori<span class=\"_ _1\"></span>amente valutate <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>air value<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8b4 y1ab3 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b5 y1ab3 w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b6 y1ab3 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b7 y1ab3 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b8 y1ab3 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b9 y1ab3 w76b h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ab4 w76c h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">2.<span class=\"_ _21\"> </span>Att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie valutate<span class=\"_ _1\"></span> al fair value con<span class=\"_ _3\"></span> impatto<span class=\"_ _1\"></span> su<span class=\"_ _1\"></span>ll<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> redditivit\u00e0 comp<span class=\"_ _1\"></span>les<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>va<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x8ba y1ab4 w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bb y1ab4 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bc y1ab4 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bd y1ab4 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1ab5 w76d h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.<span class=\"_ _21\"> </span>Att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie valutate<span class=\"_ _1\"></span> al cost<span class=\"_ _3\"></span>o ammorti<span class=\"_ _1\"></span>zza<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8be y1ab5 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8.60<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bf y1ab5 w76f h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c0 y1ab5 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8.<span class=\"_ _0\"></span>618<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c1 y1ab5 w770 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">7.5<span class=\"_ _0\"></span>55<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x8b1 y1ab6 w771 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.1 Cre<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>i verso <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>anche<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8c2 y1ab6 w772 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8.607<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8c3 y1ab6 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>.607<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c4 y1ab6 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">7.5<span class=\"_ _0\"></span>45<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x8b1 y1ab7 w773 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.2 Cre<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>i verso <span class=\"_ _3\"></span>societ<span class=\"_ _1\"></span>\u00e0 finanziarie<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x8c5 y1ab7 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c6 y1ab7 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x8b1 y1ab8 w774 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.3 Cre<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>i verso <span class=\"_ _3\"></span>client<span class=\"_ _1\"></span>ela<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x8c7 y1ab8 w775 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">11<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c8 y1ab8 w775 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">11<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c9 y1ab8 w775 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ab9 w776 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">4.<span class=\"_ _21\"> </span>Derivati di <span class=\"_ _1\"></span>copertu<span class=\"_ _3\"></span>ra<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8ca y1ab9 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8cb y1ab9 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8cc y1ab9 w777 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1aba w778 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">5.<span class=\"_ _21\"> </span>Alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>\u00e0<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x8cd y1aba w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8ce y1aba w779 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">29<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8cf y1aba w779 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">29<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d0 y1aba w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1abb w77a h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">6.<span class=\"_ _21\"> </span>Pass<span class=\"_ _3\"></span>ivit\u00e0 finan<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>iarie<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8d1 y1abb w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d2 y1abb w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d3 y1abb w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d4 y1abb w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d5 y1abb w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1abc w77b h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">7.<span class=\"_ _21\"> </span>Alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>: Cassa e disp<span class=\"_ _3\"></span>onibili<span class=\"_ _3\"></span>t\u00e0<span class=\"_ _0\"></span> l<span class=\"_ _3\"></span>iquid<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8d6 y1abc w77c h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">10.98<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8d7 y1abc w77d h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">10.<span class=\"_ _0\"></span>984<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d8 y1abc w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">4.4<span class=\"_ _0\"></span>25<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n x8d9 y1abd w77e h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8da y1abd w763 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8db y1abd w77f h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">19.59<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8dc y1abd w779 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">40<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8dd y1abd w77f h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">20.<span class=\"_ _0\"></span>440<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8de y1abd w780 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">12.9<span class=\"_ _0\"></span>50<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m28 x8df hf8 y1abe ff5 fs5a fc1 sc0 ls0 ws0\">di c<span class=\"_ _1\"></span>ui: interess<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>at<span class=\"_ _0\"></span>tivi su attivit\u00e0 finanziarie impaired<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7db\">Gli <span class=\"_ _1\"></span>importi <span class=\"_ _8\"></span>i<span class=\"_ _0\"></span>scritti <span class=\"_ _8\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>sottovo<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>\u201c1.3 <span class=\"_ _3\"></span>Altre a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _8\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie <span class=\"_ _8\"></span>o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligatoriamente <span class=\"_ _3\"></span>valutate <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7dc\">\u2013 Titoli di debito\u201d si<span class=\"_ _3\"></span> r<span class=\"_ _0\"></span>ife<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>isco<span class=\"_ _1\"></span>no agli interessi atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>maturati nel cors<span class=\"_ _1\"></span>o dell\u2019esercizio <span class=\"_ _1\"></span>in relazione ai BOT </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7dd\">detenuti in porta<span class=\"_ _1\"></span>foglio dal Gruppo.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7de\">La <span class=\"_ _f\"> </span>sottovoce <span class=\"_ _f\"> </span>\u201c3.1 <span class=\"_ _f\"> </span>Crediti <span class=\"_ _f\"> </span>verso <span class=\"_ _f\"> </span>banche <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"> </span>Depositi <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>conti <span class=\"_ _f\"> </span>correnti\u201d <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>riferisce <span class=\"_ _f\"> </span>agli <span class=\"_ _f\"> </span>interessi <span class=\"_ _f\"> </span>attivi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7df\">generati dal<span class=\"_ _3\"></span>la liquidit\u00e0 <span class=\"_ _3\"></span>investita <span class=\"_ _3\"></span>attraverso <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>oscri<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>one dei <span class=\"_ _3\"></span><span class=\"ff5\">time deposi<span class=\"_ _3\"></span>t<span class=\"ff2\">, <span class=\"_ _1\"></span>mentre ne<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>sottovoce <span class=\"_ _1\"></span>\u201c7<span class=\"_ _4a1\"> </span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7e0\">Altro: <span class=\"_ _0\"></span>Cassa <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ispo<span class=\"_ _1\"></span>nibilit\u00e0 <span class=\"_ _b\"></span>liq<span class=\"_ _1\"></span>uide <span class=\"_ _b\"></span>- <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>epositi<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>conti <span class=\"_ _b\"></span>correnti\u201d <span class=\"_ _b\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ovan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>espos<span class=\"_ _1\"></span>izione <span class=\"_ _0\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>interessi <span class=\"_ _0\"></span>attivi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7e1\">generati dalla liq<span class=\"_ _1\"></span>uidit\u00e0 del Grupp<span class=\"_ _1\"></span>o depositata press<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> conti c<span class=\"_ _1\"></span>orrenti bancari e p<span class=\"_ _1\"></span>ostali.<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs41b\">La <span class=\"_ _0\"></span>contribuzione<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>vo<span class=\"_ _1\"></span>ce <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro 2 <span class=\"_ _b\"></span>milion<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>derivante <span class=\"_ _0\"></span>dagli interessi <span class=\"_ _0\"></span>maturati <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ui </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7e2\">conti correnti ba<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span><span class=\"_ _1\"></span> </div>3.2<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Composizione degli \u201cInteressi passivi e oneri <span class=\"_ _0\"></span>as<span class=\"_ _1\"></span>simi<span class=\"_ _0\"></span>lati\u201d<span class=\"_ _3\"></span> </span></span><table class=\"s w796 h3b7\" id=\"_70458ad4-58f0-4cf0-8140-ea7779d73274\"><tr><td class=\"c n x1a9 y1acc w797 h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Voci/<span class=\"_ _0\"></span>For<span class=\"_ _0\"></span>me <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ecnich<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fb y1acc w798 h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nanzi<span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fc y1acc w799 h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>CT<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fd y1acc w79a h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Ti<span class=\"_ _0\"></span>tol<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fe y1acc w79b h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Depositi<span class=\"_ _0\"></span> e<span class=\"_ _1\"></span> con<span class=\"_ _0\"></span>ti corren<span class=\"_ _0\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ff y1acc w79c h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Al<span class=\"_ _0\"></span>tre operazi<span class=\"_ _0\"></span>oni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x900 y1acc w79d h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x901 y1acc w79e h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.1<span class=\"_ _0\"></span>2.2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ace w79f h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">1.<span class=\"_ _d\"> </span>Pa<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 fin<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alutate a<span class=\"_ _1\"></span>l cos<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> amm<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rtiz<span class=\"_ _1\"></span>za<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x902 y1ace w7a0 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(750)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x903 y1ace w7a1 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x904 y1ace w7a2 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(10.53<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x905 y1ace w7a3 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(827)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x906 y1ace w7a4 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(12.<span class=\"_ _0\"></span>116)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x907 y1ace w7a2 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(12.81<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x908 y1acf w7a5 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 Debiti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x909 y1acf w7a6 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(75<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x90a y1acf w7a7 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(827)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x90b y1acf w7a8 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(1.57<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x90c y1acf w7a9 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(2.317)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x908 y1ad1 w7aa h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 Ti<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span>li i<span class=\"_ _3\"></span>n circol<span class=\"_ _1\"></span>azion<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x90d y1ad1 w7ab h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(10<span class=\"_ _0\"></span>.539)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x90e y1ad1 w7ac h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>0.53<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x90f y1ad1 w7ad h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>10.<span class=\"_ _0\"></span>495)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad2 w7ae h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">2.<span class=\"_ _d\"> </span>Pa<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 fin<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i nego<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>azione<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x910 y1ad2 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x911 y1ad2 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad3 w7af h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">3.<span class=\"_ _d\"> </span>Pa<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 fin<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>esignate al <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>air valu<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x912 y1ad3 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x913 y1ad3 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad4 w7b0 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">4.<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>ltr<span class=\"_ _1\"></span>e passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>\u00e0<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x914 y1ad4 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x915 y1ad4 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x916 y1ad4 w7b1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(5)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad5 w7b2 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">5.<span class=\"_ _d\"> </span>D<span class=\"_ _0\"></span>erivati di<span class=\"_ _1\"></span> cop<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rtu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x917 y1ad5 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x918 y1ad5 w7b3 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">1.12<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad6 w7b4 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">6.<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>tti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> fi<span class=\"_ _1\"></span>nanziarie<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x919 y1ad6 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x91a y1ad6 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad7 w7b5 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">7.<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>ltr<span class=\"_ _1\"></span>o:<span class=\"_ _1\"></span> Ca<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>a e<span class=\"_ _0\"></span> di<span class=\"_ _1\"></span>spo<span class=\"_ _3\"></span>nibili<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>\u00e0 l<span class=\"_ _3\"></span>iq<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ide<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x91b y1ad7 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x91c y1ad7 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x91d y1ad8 w7b6 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x91e y1ad8 w7b7 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(75<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x91f y1ad8 w7b8 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>10.539)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x920 y1ad8 w7a6 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(82<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x921 y1ad8 w7b9 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(12.11<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x922 y1ad8 w7ba h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>1.69<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x908 y16d8 w7bb h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">di cui<span class=\"_ _1\"></span>: intere<span class=\"_ _0\"></span>ssi pas<span class=\"_ _0\"></span>sivi relativi ai debiti per leas<span class=\"_ _0\"></span>ing<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x923 y16d8 w7bc h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">(750<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x924 y16d8 w7bd h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">(750)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x925 y16d8 w7be h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">(9<span class=\"_ _0\"></span>5)<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella <span class=\"_ _5\"></span>sottovoce <span class=\"_ _b\"></span>\u201c1.1 <span class=\"_ _b\"></span>Debi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>- <span class=\"_ _5\"></span>Finanzia<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>enti<span class=\"_ _1\"></span>\u201d <span class=\"_ _5\"></span>sono <span class=\"_ _b\"></span>evidenziati <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span>tere<span class=\"_ _1\"></span>ssi <span class=\"_ _5\"></span>passi<span class=\"_ _1\"></span>vi <span class=\"_ _b\"></span>matur<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>corso dell\u2019esercizio <span class=\"_ _3\"></span>in esame<span class=\"_ _3\"></span> in <span class=\"_ _3\"></span>relazione <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ebiti<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>leasing <span class=\"_ _3\"></span>iscritti <span class=\"_ _1\"></span>in a<span class=\"_ _1\"></span>ll\u2019app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazi<span class=\"_ _1\"></span>one del<span class=\"_ _3\"></span> prin<span class=\"_ _1\"></span>cipio <span class=\"_ _3\"></span>contabile IFRS 16 per un imp<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i circa Euro 0,8 m<span class=\"_ _1\"></span>ilioni. Nella <span class=\"_ _5\"></span>sottovoce <span class=\"_ _5\"></span>\u201c1.<span class=\"_ _1\"></span>1 <span class=\"_ _5\"></span>Debiti <span class=\"_ _5\"></span>\u2013 <span class=\"_ _5\"></span>Altre <span class=\"_ _5\"></span>operazioni\u201d <span class=\"_ _b\"></span>sono <span class=\"_ _5\"></span>evide<span class=\"_ _1\"></span>nziati <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>interessi <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>attualizzazione <span class=\"_ _b\"></span>delle passivit\u00e0 <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>inanziarie<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>rilevate  a  se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uit<span class=\"_ _1\"></span>o  delle  ope<span class=\"_ _3\"></span>razioni  di  (i)  a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisizi<span class=\"_ _1\"></span>one  di <span class=\"_ _f\"> </span>C<span class=\"_ _0\"></span>astello  S<span class=\"_ _1\"></span>GR  e<span class=\"_ _1\"></span>  di  (ii) conferimento del <span class=\"_ _1\"></span>Ramo di azienda in Vita S<span class=\"_ _1\"></span>rl, per u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> valore c<span class=\"_ _1\"></span>omplessivo di ci<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Euro<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>0,8 milioni.<span class=\"_ _3\"></span> Nella <span class=\"_ _0\"></span>sottovoce \u201c1.2 <span class=\"_ _0\"></span>Titoli in <span class=\"_ _0\"></span>circolazione \u2013 <span class=\"_ _0\"></span>Titoli\u201d <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ono <span class=\"_ _0\"></span>rappresentati gli <span class=\"_ _0\"></span>interessi <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ssivi <span class=\"_ _0\"></span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minati con <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>met<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>do del c<span class=\"_ _0\"></span>osto ammortizzato <span class=\"_ _0\"></span>(<span class=\"_ _1\"></span>sulla b<span class=\"_ _0\"></span>ase del tasso <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>interesse effettivo) e <span class=\"_ _0\"></span>maturati n<span class=\"_ _0\"></span>el corso dell\u2019esercizio <span class=\"_ _1d\"> </span>sul <span class=\"_ _1d\"> </span>Pr<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>Obbligazionario <span class=\"_ _1d\"> </span>2026 <span class=\"_ _1d\"> </span>per <span class=\"_ _1d\"> </span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1d\"> </span>Euro <span class=\"_ _1d\"> </span>5,5<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>milioni <span class=\"_ _1d\"> </span>e <span class=\"_ _1c\"> </span>sul <span class=\"_ _1d\"> </span>Prestito Obbligazionario 20<span class=\"_ _1\"></span>28 per circa E<span class=\"_ _1\"></span>uro 5 milioni.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-516": {
   "value": "S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 3<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span><span class=\"ff2\">s<span class=\"_ _0\"></span></span>i <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>50<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>60 3.1 Composizione degli \u201cInteressi attivi e proventi assimilati\u201d <table class=\"s w75b h3b5\" id=\"_ddde90c3-ed55-4d03-a874-e7051e08f2f5\"><tr><td class=\"c n x1a9 y1aae w75c h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Voci/<span class=\"_ _0\"></span>Fo<span class=\"_ _0\"></span>rm<span class=\"_ _3\"></span>e t<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>iche<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8a5 y1aae w75d h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Tito<span class=\"_ _0\"></span>li di debi<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a6 y1aae w75e h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>C<span class=\"_ _1\"></span>T<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a7 y1aae w75f h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">De<span class=\"_ _0\"></span>positi<span class=\"_ _0\"></span> e c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i correnti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a8 y1aae w760 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Altre op<span class=\"_ _0\"></span>erazion<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a9 y1aae w761 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tale 31.12<span class=\"_ _0\"></span>.2024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8aa y1aae w761 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.<span class=\"_ _0\"></span>2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ab0 w762 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.<span class=\"_ _21\"> </span>Att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie valutate<span class=\"_ _1\"></span> al fair value con<span class=\"_ _3\"></span> impatto<span class=\"_ _1\"></span> a cont<span class=\"_ _3\"></span>o eco<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8ab y1ab0 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ac y1ab0 w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ad y1ab0 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ae y1ab0 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8af y1ab0 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b0 y1ab0 w767 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x8b1 y1ab1 w768 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.1 Attivit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie deten<span class=\"_ _1\"></span>ute pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a n<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>gozi<span class=\"_ _1\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x8b2 y1ab1 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x8b1 y1ab2 w769 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.2 Attivit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie desi<span class=\"_ _1\"></span>gnate al fair value<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x8b3 y1ab2 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x8b1 y1ab3 w76a h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.3 Altre att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie o<span class=\"_ _1\"></span>b<span class=\"_ _0\"></span>bligatori<span class=\"_ _1\"></span>amente valutate <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>air value<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8b4 y1ab3 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b5 y1ab3 w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b6 y1ab3 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b7 y1ab3 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b8 y1ab3 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b9 y1ab3 w76b h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ab4 w76c h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">2.<span class=\"_ _21\"> </span>Att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie valutate<span class=\"_ _1\"></span> al fair value con<span class=\"_ _3\"></span> impatto<span class=\"_ _1\"></span> su<span class=\"_ _1\"></span>ll<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> redditivit\u00e0 comp<span class=\"_ _1\"></span>les<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>va<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x8ba y1ab4 w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bb y1ab4 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bc y1ab4 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bd y1ab4 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1ab5 w76d h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.<span class=\"_ _21\"> </span>Att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie valutate<span class=\"_ _1\"></span> al cost<span class=\"_ _3\"></span>o ammorti<span class=\"_ _1\"></span>zza<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8be y1ab5 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8.60<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bf y1ab5 w76f h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c0 y1ab5 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8.<span class=\"_ _0\"></span>618<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c1 y1ab5 w770 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">7.5<span class=\"_ _0\"></span>55<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x8b1 y1ab6 w771 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.1 Cre<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>i verso <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>anche<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8c2 y1ab6 w772 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8.607<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8c3 y1ab6 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>.607<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c4 y1ab6 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">7.5<span class=\"_ _0\"></span>45<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x8b1 y1ab7 w773 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.2 Cre<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>i verso <span class=\"_ _3\"></span>societ<span class=\"_ _1\"></span>\u00e0 finanziarie<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x8c5 y1ab7 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c6 y1ab7 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x8b1 y1ab8 w774 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.3 Cre<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>i verso <span class=\"_ _3\"></span>client<span class=\"_ _1\"></span>ela<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x8c7 y1ab8 w775 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">11<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c8 y1ab8 w775 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">11<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c9 y1ab8 w775 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ab9 w776 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">4.<span class=\"_ _21\"> </span>Derivati di <span class=\"_ _1\"></span>copertu<span class=\"_ _3\"></span>ra<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8ca y1ab9 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8cb y1ab9 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8cc y1ab9 w777 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1aba w778 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">5.<span class=\"_ _21\"> </span>Alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>\u00e0<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x8cd y1aba w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8ce y1aba w779 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">29<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8cf y1aba w779 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">29<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d0 y1aba w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1abb w77a h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">6.<span class=\"_ _21\"> </span>Pass<span class=\"_ _3\"></span>ivit\u00e0 finan<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>iarie<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8d1 y1abb w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d2 y1abb w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d3 y1abb w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d4 y1abb w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d5 y1abb w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1abc w77b h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">7.<span class=\"_ _21\"> </span>Alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>: Cassa e disp<span class=\"_ _3\"></span>onibili<span class=\"_ _3\"></span>t\u00e0<span class=\"_ _0\"></span> l<span class=\"_ _3\"></span>iquid<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8d6 y1abc w77c h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">10.98<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8d7 y1abc w77d h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">10.<span class=\"_ _0\"></span>984<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d8 y1abc w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">4.4<span class=\"_ _0\"></span>25<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n x8d9 y1abd w77e h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8da y1abd w763 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8db y1abd w77f h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">19.59<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8dc y1abd w779 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">40<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8dd y1abd w77f h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">20.<span class=\"_ _0\"></span>440<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8de y1abd w780 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">12.9<span class=\"_ _0\"></span>50<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m28 x8df hf8 y1abe ff5 fs5a fc1 sc0 ls0 ws0\">di c<span class=\"_ _1\"></span>ui: interess<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>at<span class=\"_ _0\"></span>tivi su attivit\u00e0 finanziarie impaired<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Gli <span class=\"_ _1\"></span>importi <span class=\"_ _8\"></span>i<span class=\"_ _0\"></span>scritti <span class=\"_ _8\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>sottovo<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>\u201c1.3 <span class=\"_ _3\"></span>Altre a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _8\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie <span class=\"_ _8\"></span>o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligatoriamente <span class=\"_ _3\"></span>valutate <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e \u2013 Titoli di debito\u201d si<span class=\"_ _3\"></span> r<span class=\"_ _0\"></span>ife<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>isco<span class=\"_ _1\"></span>no agli interessi atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>maturati nel cors<span class=\"_ _1\"></span>o dell\u2019esercizio <span class=\"_ _1\"></span>in relazione ai BOT detenuti in porta<span class=\"_ _1\"></span>foglio dal Gruppo.<span class=\"_ _1\"></span> La <span class=\"_ _f\"> </span>sottovoce <span class=\"_ _f\"> </span>\u201c3.1 <span class=\"_ _f\"> </span>Crediti <span class=\"_ _f\"> </span>verso <span class=\"_ _f\"> </span>banche <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"> </span>Depositi <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>conti <span class=\"_ _f\"> </span>correnti\u201d <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>riferisce <span class=\"_ _f\"> </span>agli <span class=\"_ _f\"> </span>interessi <span class=\"_ _f\"> </span>attivi generati dal<span class=\"_ _3\"></span>la liquidit\u00e0 <span class=\"_ _3\"></span>investita <span class=\"_ _3\"></span>attraverso <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>oscri<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>one dei <span class=\"_ _3\"></span><span class=\"ff5\">time deposi<span class=\"_ _3\"></span>t<span class=\"ff2\">, <span class=\"_ _1\"></span>mentre ne<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>sottovoce <span class=\"_ _1\"></span>\u201c7<span class=\"_ _4a1\"> </span></span></span>Altro: <span class=\"_ _0\"></span>Cassa <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ispo<span class=\"_ _1\"></span>nibilit\u00e0 <span class=\"_ _b\"></span>liq<span class=\"_ _1\"></span>uide <span class=\"_ _b\"></span>- <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>epositi<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>conti <span class=\"_ _b\"></span>correnti\u201d <span class=\"_ _b\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ovan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>espos<span class=\"_ _1\"></span>izione <span class=\"_ _0\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>interessi <span class=\"_ _0\"></span>attivi generati dalla liq<span class=\"_ _1\"></span>uidit\u00e0 del Grupp<span class=\"_ _1\"></span>o depositata press<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> conti c<span class=\"_ _1\"></span>orrenti bancari e p<span class=\"_ _1\"></span>ostali.<span class=\"_ _4a1\"> </span>La <span class=\"_ _0\"></span>contribuzione<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>vo<span class=\"_ _1\"></span>ce <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro 2 <span class=\"_ _b\"></span>milion<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>derivante <span class=\"_ _0\"></span>dagli interessi <span class=\"_ _0\"></span>maturati <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ui conti correnti ba<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-464": {
   "value": "S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 3<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span><span class=\"ff2\">s<span class=\"_ _0\"></span></span>i <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>50<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>60 3.1 Composizione degli \u201cInteressi attivi e proventi assimilati\u201d <table class=\"s w75b h3b5\" id=\"_ddde90c3-ed55-4d03-a874-e7051e08f2f5\"><tr><td class=\"c n x1a9 y1aae w75c h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Voci/<span class=\"_ _0\"></span>Fo<span class=\"_ _0\"></span>rm<span class=\"_ _3\"></span>e t<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>iche<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8a5 y1aae w75d h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Tito<span class=\"_ _0\"></span>li di debi<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a6 y1aae w75e h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>C<span class=\"_ _1\"></span>T<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a7 y1aae w75f h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">De<span class=\"_ _0\"></span>positi<span class=\"_ _0\"></span> e c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i correnti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a8 y1aae w760 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Altre op<span class=\"_ _0\"></span>erazion<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a9 y1aae w761 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tale 31.12<span class=\"_ _0\"></span>.2024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8aa y1aae w761 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.<span class=\"_ _0\"></span>2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ab0 w762 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.<span class=\"_ _21\"> </span>Att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie valutate<span class=\"_ _1\"></span> al fair value con<span class=\"_ _3\"></span> impatto<span class=\"_ _1\"></span> a cont<span class=\"_ _3\"></span>o eco<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8ab y1ab0 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ac y1ab0 w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ad y1ab0 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ae y1ab0 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8af y1ab0 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b0 y1ab0 w767 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x8b1 y1ab1 w768 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.1 Attivit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie deten<span class=\"_ _1\"></span>ute pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a n<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>gozi<span class=\"_ _1\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x8b2 y1ab1 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x8b1 y1ab2 w769 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.2 Attivit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie desi<span class=\"_ _1\"></span>gnate al fair value<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x8b3 y1ab2 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x8b1 y1ab3 w76a h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.3 Altre att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie o<span class=\"_ _1\"></span>b<span class=\"_ _0\"></span>bligatori<span class=\"_ _1\"></span>amente valutate <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>air value<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8b4 y1ab3 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b5 y1ab3 w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b6 y1ab3 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b7 y1ab3 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b8 y1ab3 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b9 y1ab3 w76b h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ab4 w76c h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">2.<span class=\"_ _21\"> </span>Att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie valutate<span class=\"_ _1\"></span> al fair value con<span class=\"_ _3\"></span> impatto<span class=\"_ _1\"></span> su<span class=\"_ _1\"></span>ll<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> redditivit\u00e0 comp<span class=\"_ _1\"></span>les<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>va<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x8ba y1ab4 w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bb y1ab4 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bc y1ab4 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bd y1ab4 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1ab5 w76d h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.<span class=\"_ _21\"> </span>Att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie valutate<span class=\"_ _1\"></span> al cost<span class=\"_ _3\"></span>o ammorti<span class=\"_ _1\"></span>zza<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8be y1ab5 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8.60<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bf y1ab5 w76f h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c0 y1ab5 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8.<span class=\"_ _0\"></span>618<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c1 y1ab5 w770 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">7.5<span class=\"_ _0\"></span>55<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x8b1 y1ab6 w771 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.1 Cre<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>i verso <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>anche<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8c2 y1ab6 w772 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8.607<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8c3 y1ab6 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>.607<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c4 y1ab6 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">7.5<span class=\"_ _0\"></span>45<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x8b1 y1ab7 w773 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.2 Cre<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>i verso <span class=\"_ _3\"></span>societ<span class=\"_ _1\"></span>\u00e0 finanziarie<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x8c5 y1ab7 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c6 y1ab7 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x8b1 y1ab8 w774 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.3 Cre<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>i verso <span class=\"_ _3\"></span>client<span class=\"_ _1\"></span>ela<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x8c7 y1ab8 w775 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">11<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c8 y1ab8 w775 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">11<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c9 y1ab8 w775 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ab9 w776 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">4.<span class=\"_ _21\"> </span>Derivati di <span class=\"_ _1\"></span>copertu<span class=\"_ _3\"></span>ra<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8ca y1ab9 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8cb y1ab9 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8cc y1ab9 w777 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1aba w778 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">5.<span class=\"_ _21\"> </span>Alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>\u00e0<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x8cd y1aba w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8ce y1aba w779 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">29<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8cf y1aba w779 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">29<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d0 y1aba w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1abb w77a h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">6.<span class=\"_ _21\"> </span>Pass<span class=\"_ _3\"></span>ivit\u00e0 finan<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>iarie<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8d1 y1abb w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d2 y1abb w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d3 y1abb w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d4 y1abb w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d5 y1abb w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1abc w77b h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">7.<span class=\"_ _21\"> </span>Alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>: Cassa e disp<span class=\"_ _3\"></span>onibili<span class=\"_ _3\"></span>t\u00e0<span class=\"_ _0\"></span> l<span class=\"_ _3\"></span>iquid<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8d6 y1abc w77c h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">10.98<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8d7 y1abc w77d h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">10.<span class=\"_ _0\"></span>984<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d8 y1abc w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">4.4<span class=\"_ _0\"></span>25<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n x8d9 y1abd w77e h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8da y1abd w763 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8db y1abd w77f h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">19.59<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8dc y1abd w779 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">40<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8dd y1abd w77f h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">20.<span class=\"_ _0\"></span>440<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8de y1abd w780 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">12.9<span class=\"_ _0\"></span>50<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m28 x8df hf8 y1abe ff5 fs5a fc1 sc0 ls0 ws0\">di c<span class=\"_ _1\"></span>ui: interess<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>at<span class=\"_ _0\"></span>tivi su attivit\u00e0 finanziarie impaired<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Gli <span class=\"_ _1\"></span>importi <span class=\"_ _8\"></span>i<span class=\"_ _0\"></span>scritti <span class=\"_ _8\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>sottovo<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>\u201c1.3 <span class=\"_ _3\"></span>Altre a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _8\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie <span class=\"_ _8\"></span>o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligatoriamente <span class=\"_ _3\"></span>valutate <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e \u2013 Titoli di debito\u201d si<span class=\"_ _3\"></span> r<span class=\"_ _0\"></span>ife<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>isco<span class=\"_ _1\"></span>no agli interessi atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>maturati nel cors<span class=\"_ _1\"></span>o dell\u2019esercizio <span class=\"_ _1\"></span>in relazione ai BOT detenuti in porta<span class=\"_ _1\"></span>foglio dal Gruppo.<span class=\"_ _1\"></span> La <span class=\"_ _f\"> </span>sottovoce <span class=\"_ _f\"> </span>\u201c3.1 <span class=\"_ _f\"> </span>Crediti <span class=\"_ _f\"> </span>verso <span class=\"_ _f\"> </span>banche <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"> </span>Depositi <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>conti <span class=\"_ _f\"> </span>correnti\u201d <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>riferisce <span class=\"_ _f\"> </span>agli <span class=\"_ _f\"> </span>interessi <span class=\"_ _f\"> </span>attivi generati dal<span class=\"_ _3\"></span>la liquidit\u00e0 <span class=\"_ _3\"></span>investita <span class=\"_ _3\"></span>attraverso <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>oscri<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>one dei <span class=\"_ _3\"></span><span class=\"ff5\">time deposi<span class=\"_ _3\"></span>t<span class=\"ff2\">, <span class=\"_ _1\"></span>mentre ne<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>sottovoce <span class=\"_ _1\"></span>\u201c7<span class=\"_ _4a1\"> </span></span></span>Altro: <span class=\"_ _0\"></span>Cassa <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ispo<span class=\"_ _1\"></span>nibilit\u00e0 <span class=\"_ _b\"></span>liq<span class=\"_ _1\"></span>uide <span class=\"_ _b\"></span>- <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>epositi<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>conti <span class=\"_ _b\"></span>correnti\u201d <span class=\"_ _b\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ovan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>espos<span class=\"_ _1\"></span>izione <span class=\"_ _0\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>interessi <span class=\"_ _0\"></span>attivi generati dalla liq<span class=\"_ _1\"></span>uidit\u00e0 del Grupp<span class=\"_ _1\"></span>o depositata press<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> conti c<span class=\"_ _1\"></span>orrenti bancari e p<span class=\"_ _1\"></span>ostali.<span class=\"_ _4a1\"> </span>La <span class=\"_ _0\"></span>contribuzione<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>vo<span class=\"_ _1\"></span>ce <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro 2 <span class=\"_ _b\"></span>milion<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>derivante <span class=\"_ _0\"></span>dagli interessi <span class=\"_ _0\"></span>maturati <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ui conti correnti ba<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-528": {
   "value": "S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 3<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span><span class=\"ff2\">s<span class=\"_ _0\"></span></span>i <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>50<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>60 3.1 Composizione degli \u201cInteressi attivi e proventi assimilati\u201d <table class=\"s w75b h3b5\" id=\"_ddde90c3-ed55-4d03-a874-e7051e08f2f5\"><tr><td class=\"c n x1a9 y1aae w75c h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Voci/<span class=\"_ _0\"></span>Fo<span class=\"_ _0\"></span>rm<span class=\"_ _3\"></span>e t<span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>n<span class=\"_ _0\"></span>iche<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8a5 y1aae w75d h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Tito<span class=\"_ _0\"></span>li di debi<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a6 y1aae w75e h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>C<span class=\"_ _1\"></span>T<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a7 y1aae w75f h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">De<span class=\"_ _0\"></span>positi<span class=\"_ _0\"></span> e c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i correnti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a8 y1aae w760 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Altre op<span class=\"_ _0\"></span>erazion<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8a9 y1aae w761 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tale 31.12<span class=\"_ _0\"></span>.2024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8aa y1aae w761 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.<span class=\"_ _0\"></span>2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ab0 w762 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.<span class=\"_ _21\"> </span>Att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie valutate<span class=\"_ _1\"></span> al fair value con<span class=\"_ _3\"></span> impatto<span class=\"_ _1\"></span> a cont<span class=\"_ _3\"></span>o eco<span class=\"_ _1\"></span>nom<span class=\"_ _1\"></span>ico<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8ab y1ab0 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ac y1ab0 w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ad y1ab0 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ae y1ab0 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8af y1ab0 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b0 y1ab0 w767 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x8b1 y1ab1 w768 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.1 Attivit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie deten<span class=\"_ _1\"></span>ute pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a n<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>gozi<span class=\"_ _1\"></span>az<span class=\"_ _0\"></span>io<span class=\"_ _3\"></span>ne<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x8b2 y1ab1 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x8b1 y1ab2 w769 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.2 Attivit\u00e0 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie desi<span class=\"_ _1\"></span>gnate al fair value<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x8b3 y1ab2 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x8b1 y1ab3 w76a h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1.3 Altre att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie o<span class=\"_ _1\"></span>b<span class=\"_ _0\"></span>bligatori<span class=\"_ _1\"></span>amente valutate <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>air value<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8b4 y1ab3 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b5 y1ab3 w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b6 y1ab3 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b7 y1ab3 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b8 y1ab3 w763 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8b9 y1ab3 w76b h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ab4 w76c h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">2.<span class=\"_ _21\"> </span>Att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie valutate<span class=\"_ _1\"></span> al fair value con<span class=\"_ _3\"></span> impatto<span class=\"_ _1\"></span> su<span class=\"_ _1\"></span>ll<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> redditivit\u00e0 comp<span class=\"_ _1\"></span>les<span class=\"_ _1\"></span>si<span class=\"_ _1\"></span>va<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x8ba y1ab4 w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bb y1ab4 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bc y1ab4 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bd y1ab4 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1ab5 w76d h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.<span class=\"_ _21\"> </span>Att<span class=\"_ _1\"></span>ivit\u00e0 fin<span class=\"_ _1\"></span>anziarie valutate<span class=\"_ _1\"></span> al cost<span class=\"_ _3\"></span>o ammorti<span class=\"_ _1\"></span>zza<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8be y1ab5 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8.60<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8bf y1ab5 w76f h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c0 y1ab5 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8.<span class=\"_ _0\"></span>618<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c1 y1ab5 w770 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">7.5<span class=\"_ _0\"></span>55<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x8b1 y1ab6 w771 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.1 Cre<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>i verso <span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>anche<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8c2 y1ab6 w772 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8.607<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8c3 y1ab6 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>.607<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c4 y1ab6 w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">7.5<span class=\"_ _0\"></span>45<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x8b1 y1ab7 w773 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.2 Cre<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>i verso <span class=\"_ _3\"></span>societ<span class=\"_ _1\"></span>\u00e0 finanziarie<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x8c5 y1ab7 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c6 y1ab7 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x8b1 y1ab8 w774 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">3.3 Cre<span class=\"_ _0\"></span>dit<span class=\"_ _1\"></span>i verso <span class=\"_ _3\"></span>client<span class=\"_ _1\"></span>ela<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x8c7 y1ab8 w775 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">11<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c8 y1ab8 w775 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">11<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8c9 y1ab8 w775 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">10<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ab9 w776 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">4.<span class=\"_ _21\"> </span>Derivati di <span class=\"_ _1\"></span>copertu<span class=\"_ _3\"></span>ra<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8ca y1ab9 w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8cb y1ab9 w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8cc y1ab9 w777 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1aba w778 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">5.<span class=\"_ _21\"> </span>Alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>\u00e0<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x8cd y1aba w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8ce y1aba w779 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">29<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8cf y1aba w779 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">29<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d0 y1aba w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1abb w77a h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">6.<span class=\"_ _21\"> </span>Pass<span class=\"_ _3\"></span>ivit\u00e0 finan<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>iarie<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8d1 y1abb w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d2 y1abb w764 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d3 y1abb w765 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d4 y1abb w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d5 y1abb w766 h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1abc w77b h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">7.<span class=\"_ _21\"> </span>Alt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>: Cassa e disp<span class=\"_ _3\"></span>onibili<span class=\"_ _3\"></span>t\u00e0<span class=\"_ _0\"></span> l<span class=\"_ _3\"></span>iquid<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x8d6 y1abc w77c h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">10.98<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8d7 y1abc w77d h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">10.<span class=\"_ _0\"></span>984<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8d8 y1abc w76e h364\"><div class=\"t m28 x17f hf8 y1aaf ff2 fs5a fc1 sc0 ls0 ws0\">4.4<span class=\"_ _0\"></span>25<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n x8d9 y1abd w77e h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8da y1abd w763 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">809<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x8db y1abd w77f h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">19.59<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8dc y1abd w779 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">40<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8dd y1abd w77f h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">20.<span class=\"_ _0\"></span>440<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8de y1abd w780 h364\"><div class=\"t m28 x17f hf7 y1aad ff3 fs5a fc1 sc0 ls0 ws0\">12.9<span class=\"_ _0\"></span>50<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m28 x8df hf8 y1abe ff5 fs5a fc1 sc0 ls0 ws0\">di c<span class=\"_ _1\"></span>ui: interess<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>at<span class=\"_ _0\"></span>tivi su attivit\u00e0 finanziarie impaired<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table>Gli <span class=\"_ _1\"></span>importi <span class=\"_ _8\"></span>i<span class=\"_ _0\"></span>scritti <span class=\"_ _8\"></span>n<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>sottovo<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>\u201c1.3 <span class=\"_ _3\"></span>Altre a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _8\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziarie <span class=\"_ _8\"></span>o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligatoriamente <span class=\"_ _3\"></span>valutate <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>fair <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>e \u2013 Titoli di debito\u201d si<span class=\"_ _3\"></span> r<span class=\"_ _0\"></span>ife<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>isco<span class=\"_ _1\"></span>no agli interessi atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>maturati nel cors<span class=\"_ _1\"></span>o dell\u2019esercizio <span class=\"_ _1\"></span>in relazione ai BOT detenuti in porta<span class=\"_ _1\"></span>foglio dal Gruppo.<span class=\"_ _1\"></span> La <span class=\"_ _f\"> </span>sottovoce <span class=\"_ _f\"> </span>\u201c3.1 <span class=\"_ _f\"> </span>Crediti <span class=\"_ _f\"> </span>verso <span class=\"_ _f\"> </span>banche <span class=\"_ _f\"> </span>\u2013 <span class=\"_ _f\"> </span>Depositi <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>conti <span class=\"_ _f\"> </span>correnti\u201d <span class=\"_ _f\"> </span>si <span class=\"_ _f\"> </span>riferisce <span class=\"_ _f\"> </span>agli <span class=\"_ _f\"> </span>interessi <span class=\"_ _f\"> </span>attivi generati dal<span class=\"_ _3\"></span>la liquidit\u00e0 <span class=\"_ _3\"></span>investita <span class=\"_ _3\"></span>attraverso <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>oscri<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>one dei <span class=\"_ _3\"></span><span class=\"ff5\">time deposi<span class=\"_ _3\"></span>t<span class=\"ff2\">, <span class=\"_ _1\"></span>mentre ne<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>sottovoce <span class=\"_ _1\"></span>\u201c7<span class=\"_ _4a1\"> </span></span></span>Altro: <span class=\"_ _0\"></span>Cassa <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ispo<span class=\"_ _1\"></span>nibilit\u00e0 <span class=\"_ _b\"></span>liq<span class=\"_ _1\"></span>uide <span class=\"_ _b\"></span>- <span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>epositi<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>conti <span class=\"_ _b\"></span>correnti\u201d <span class=\"_ _b\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ovan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>espos<span class=\"_ _1\"></span>izione <span class=\"_ _0\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>interessi <span class=\"_ _0\"></span>attivi generati dalla liq<span class=\"_ _1\"></span>uidit\u00e0 del Grupp<span class=\"_ _1\"></span>o depositata press<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> conti c<span class=\"_ _1\"></span>orrenti bancari e p<span class=\"_ _1\"></span>ostali.<span class=\"_ _4a1\"> </span>La <span class=\"_ _0\"></span>contribuzione<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>vo<span class=\"_ _1\"></span>ce <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro 2 <span class=\"_ _b\"></span>milion<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>derivante <span class=\"_ _0\"></span>dagli interessi <span class=\"_ _0\"></span>maturati <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ui conti correnti ba<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span>3.2<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Composizione degli \u201cInteressi passivi e oneri <span class=\"_ _0\"></span>as<span class=\"_ _1\"></span>simi<span class=\"_ _0\"></span>lati\u201d<span class=\"_ _3\"></span> </span></span><table class=\"s w796 h3b7\" id=\"_70458ad4-58f0-4cf0-8140-ea7779d73274\"><tr><td class=\"c n x1a9 y1acc w797 h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Voci/<span class=\"_ _0\"></span>For<span class=\"_ _0\"></span>me <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ecnich<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fb y1acc w798 h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nanzi<span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fc y1acc w799 h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>CT<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fd y1acc w79a h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Ti<span class=\"_ _0\"></span>tol<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fe y1acc w79b h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Depositi<span class=\"_ _0\"></span> e<span class=\"_ _1\"></span> con<span class=\"_ _0\"></span>ti corren<span class=\"_ _0\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ff y1acc w79c h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Al<span class=\"_ _0\"></span>tre operazi<span class=\"_ _0\"></span>oni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x900 y1acc w79d h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x901 y1acc w79e h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.1<span class=\"_ _0\"></span>2.2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ace w79f h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">1.<span class=\"_ _d\"> </span>Pa<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 fin<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alutate a<span class=\"_ _1\"></span>l cos<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> amm<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rtiz<span class=\"_ _1\"></span>za<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x902 y1ace w7a0 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(750)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x903 y1ace w7a1 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x904 y1ace w7a2 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(10.53<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x905 y1ace w7a3 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(827)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x906 y1ace w7a4 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(12.<span class=\"_ _0\"></span>116)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x907 y1ace w7a2 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(12.81<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x908 y1acf w7a5 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 Debiti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x909 y1acf w7a6 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(75<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x90a y1acf w7a7 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(827)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x90b y1acf w7a8 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(1.57<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x90c y1acf w7a9 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(2.317)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x908 y1ad1 w7aa h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 Ti<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span>li i<span class=\"_ _3\"></span>n circol<span class=\"_ _1\"></span>azion<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x90d y1ad1 w7ab h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(10<span class=\"_ _0\"></span>.539)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x90e y1ad1 w7ac h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>0.53<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x90f y1ad1 w7ad h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>10.<span class=\"_ _0\"></span>495)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad2 w7ae h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">2.<span class=\"_ _d\"> </span>Pa<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 fin<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i nego<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>azione<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x910 y1ad2 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x911 y1ad2 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad3 w7af h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">3.<span class=\"_ _d\"> </span>Pa<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 fin<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>esignate al <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>air valu<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x912 y1ad3 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x913 y1ad3 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad4 w7b0 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">4.<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>ltr<span class=\"_ _1\"></span>e passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>\u00e0<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x914 y1ad4 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x915 y1ad4 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x916 y1ad4 w7b1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(5)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad5 w7b2 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">5.<span class=\"_ _d\"> </span>D<span class=\"_ _0\"></span>erivati di<span class=\"_ _1\"></span> cop<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rtu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x917 y1ad5 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x918 y1ad5 w7b3 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">1.12<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad6 w7b4 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">6.<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>tti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> fi<span class=\"_ _1\"></span>nanziarie<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x919 y1ad6 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x91a y1ad6 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad7 w7b5 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">7.<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>ltr<span class=\"_ _1\"></span>o:<span class=\"_ _1\"></span> Ca<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>a e<span class=\"_ _0\"></span> di<span class=\"_ _1\"></span>spo<span class=\"_ _3\"></span>nibili<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>\u00e0 l<span class=\"_ _3\"></span>iq<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ide<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x91b y1ad7 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x91c y1ad7 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x91d y1ad8 w7b6 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x91e y1ad8 w7b7 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(75<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x91f y1ad8 w7b8 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>10.539)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x920 y1ad8 w7a6 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(82<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x921 y1ad8 w7b9 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(12.11<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x922 y1ad8 w7ba h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>1.69<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x908 y16d8 w7bb h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">di cui<span class=\"_ _1\"></span>: intere<span class=\"_ _0\"></span>ssi pas<span class=\"_ _0\"></span>sivi relativi ai debiti per leas<span class=\"_ _0\"></span>ing<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x923 y16d8 w7bc h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">(750<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x924 y16d8 w7bd h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">(750)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x925 y16d8 w7be h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">(9<span class=\"_ _0\"></span>5)<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella <span class=\"_ _5\"></span>sottovoce <span class=\"_ _b\"></span>\u201c1.1 <span class=\"_ _b\"></span>Debi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>- <span class=\"_ _5\"></span>Finanzia<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>enti<span class=\"_ _1\"></span>\u201d <span class=\"_ _5\"></span>sono <span class=\"_ _b\"></span>evidenziati <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span>tere<span class=\"_ _1\"></span>ssi <span class=\"_ _5\"></span>passi<span class=\"_ _1\"></span>vi <span class=\"_ _b\"></span>matur<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>corso dell\u2019esercizio <span class=\"_ _3\"></span>in esame<span class=\"_ _3\"></span> in <span class=\"_ _3\"></span>relazione <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ebiti<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>leasing <span class=\"_ _3\"></span>iscritti <span class=\"_ _1\"></span>in a<span class=\"_ _1\"></span>ll\u2019app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazi<span class=\"_ _1\"></span>one del<span class=\"_ _3\"></span> prin<span class=\"_ _1\"></span>cipio <span class=\"_ _3\"></span>contabile IFRS 16 per un imp<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i circa Euro 0,8 m<span class=\"_ _1\"></span>ilioni. Nella <span class=\"_ _5\"></span>sottovoce <span class=\"_ _5\"></span>\u201c1.<span class=\"_ _1\"></span>1 <span class=\"_ _5\"></span>Debiti <span class=\"_ _5\"></span>\u2013 <span class=\"_ _5\"></span>Altre <span class=\"_ _5\"></span>operazioni\u201d <span class=\"_ _b\"></span>sono <span class=\"_ _5\"></span>evide<span class=\"_ _1\"></span>nziati <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>interessi <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>attualizzazione <span class=\"_ _b\"></span>delle passivit\u00e0 <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>inanziarie<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>rilevate  a  se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uit<span class=\"_ _1\"></span>o  delle  ope<span class=\"_ _3\"></span>razioni  di  (i)  a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisizi<span class=\"_ _1\"></span>one  di <span class=\"_ _f\"> </span>C<span class=\"_ _0\"></span>astello  S<span class=\"_ _1\"></span>GR  e<span class=\"_ _1\"></span>  di  (ii) conferimento del <span class=\"_ _1\"></span>Ramo di azienda in Vita S<span class=\"_ _1\"></span>rl, per u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> valore c<span class=\"_ _1\"></span>omplessivo di ci<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Euro<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>0,8 milioni.<span class=\"_ _3\"></span> Nella <span class=\"_ _0\"></span>sottovoce \u201c1.2 <span class=\"_ _0\"></span>Titoli in <span class=\"_ _0\"></span>circolazione \u2013 <span class=\"_ _0\"></span>Titoli\u201d <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ono <span class=\"_ _0\"></span>rappresentati gli <span class=\"_ _0\"></span>interessi <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ssivi <span class=\"_ _0\"></span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minati con <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>met<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>do del c<span class=\"_ _0\"></span>osto ammortizzato <span class=\"_ _0\"></span>(<span class=\"_ _1\"></span>sulla b<span class=\"_ _0\"></span>ase del tasso <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>interesse effettivo) e <span class=\"_ _0\"></span>maturati n<span class=\"_ _0\"></span>el corso dell\u2019esercizio <span class=\"_ _1d\"> </span>sul <span class=\"_ _1d\"> </span>Pr<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>Obbligazionario <span class=\"_ _1d\"> </span>2026 <span class=\"_ _1d\"> </span>per <span class=\"_ _1d\"> </span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1d\"> </span>Euro <span class=\"_ _1d\"> </span>5,5<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>milioni <span class=\"_ _1d\"> </span>e <span class=\"_ _1c\"> </span>sul <span class=\"_ _1d\"> </span>Prestito Obbligazionario 20<span class=\"_ _1\"></span>28 per circa E<span class=\"_ _1\"></span>uro 5 milioni.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-465": {
   "value": "<div class=\"t m1 hc6 ff5 fsb fc1 sc0 ls0 ws0 gs7e4\">3.2<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Composizione degli \u201cInteressi passivi e oneri <span class=\"_ _0\"></span>as<span class=\"_ _1\"></span>simi<span class=\"_ _0\"></span>lati\u201d<span class=\"_ _3\"></span> </span></span></div><div class=\"gs7e5\"><table class=\"s w796 h3b7\" id=\"_70458ad4-58f0-4cf0-8140-ea7779d73274\"><tr><td class=\"c n x1a9 y1acc w797 h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Voci/<span class=\"_ _0\"></span>For<span class=\"_ _0\"></span>me <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ecnich<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fb y1acc w798 h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nanzi<span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fc y1acc w799 h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>CT<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fd y1acc w79a h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Ti<span class=\"_ _0\"></span>tol<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fe y1acc w79b h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Depositi<span class=\"_ _0\"></span> e<span class=\"_ _1\"></span> con<span class=\"_ _0\"></span>ti corren<span class=\"_ _0\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ff y1acc w79c h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Al<span class=\"_ _0\"></span>tre operazi<span class=\"_ _0\"></span>oni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x900 y1acc w79d h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x901 y1acc w79e h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.1<span class=\"_ _0\"></span>2.2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ace w79f h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">1.<span class=\"_ _d\"> </span>Pa<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 fin<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alutate a<span class=\"_ _1\"></span>l cos<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> amm<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rtiz<span class=\"_ _1\"></span>za<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x902 y1ace w7a0 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(750)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x903 y1ace w7a1 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x904 y1ace w7a2 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(10.53<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x905 y1ace w7a3 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(827)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x906 y1ace w7a4 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(12.<span class=\"_ _0\"></span>116)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x907 y1ace w7a2 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(12.81<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x908 y1acf w7a5 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 Debiti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x909 y1acf w7a6 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(75<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x90a y1acf w7a7 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(827)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x90b y1acf w7a8 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(1.57<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x90c y1acf w7a9 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(2.317)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x908 y1ad1 w7aa h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 Ti<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span>li i<span class=\"_ _3\"></span>n circol<span class=\"_ _1\"></span>azion<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x90d y1ad1 w7ab h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(10<span class=\"_ _0\"></span>.539)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x90e y1ad1 w7ac h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>0.53<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x90f y1ad1 w7ad h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>10.<span class=\"_ _0\"></span>495)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad2 w7ae h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">2.<span class=\"_ _d\"> </span>Pa<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 fin<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i nego<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>azione<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x910 y1ad2 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x911 y1ad2 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad3 w7af h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">3.<span class=\"_ _d\"> </span>Pa<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 fin<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>esignate al <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>air valu<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x912 y1ad3 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x913 y1ad3 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad4 w7b0 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">4.<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>ltr<span class=\"_ _1\"></span>e passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>\u00e0<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x914 y1ad4 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x915 y1ad4 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x916 y1ad4 w7b1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(5)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad5 w7b2 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">5.<span class=\"_ _d\"> </span>D<span class=\"_ _0\"></span>erivati di<span class=\"_ _1\"></span> cop<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rtu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x917 y1ad5 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x918 y1ad5 w7b3 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">1.12<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad6 w7b4 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">6.<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>tti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> fi<span class=\"_ _1\"></span>nanziarie<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x919 y1ad6 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x91a y1ad6 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad7 w7b5 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">7.<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>ltr<span class=\"_ _1\"></span>o:<span class=\"_ _1\"></span> Ca<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>a e<span class=\"_ _0\"></span> di<span class=\"_ _1\"></span>spo<span class=\"_ _3\"></span>nibili<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>\u00e0 l<span class=\"_ _3\"></span>iq<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ide<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x91b y1ad7 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x91c y1ad7 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x91d y1ad8 w7b6 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x91e y1ad8 w7b7 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(75<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x91f y1ad8 w7b8 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>10.539)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x920 y1ad8 w7a6 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(82<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x921 y1ad8 w7b9 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(12.11<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x922 y1ad8 w7ba h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>1.69<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x908 y16d8 w7bb h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">di cui<span class=\"_ _1\"></span>: intere<span class=\"_ _0\"></span>ssi pas<span class=\"_ _0\"></span>sivi relativi ai debiti per leas<span class=\"_ _0\"></span>ing<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x923 y16d8 w7bc h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">(750<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x924 y16d8 w7bd h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">(750)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x925 y16d8 w7be h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">(9<span class=\"_ _0\"></span>5)<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7e6\">Nella <span class=\"_ _5\"></span>sottovoce <span class=\"_ _b\"></span>\u201c1.1 <span class=\"_ _b\"></span>Debi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>- <span class=\"_ _5\"></span>Finanzia<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>enti<span class=\"_ _1\"></span>\u201d <span class=\"_ _5\"></span>sono <span class=\"_ _b\"></span>evidenziati <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span>tere<span class=\"_ _1\"></span>ssi <span class=\"_ _5\"></span>passi<span class=\"_ _1\"></span>vi <span class=\"_ _b\"></span>matur<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>corso </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7e7\">dell\u2019esercizio <span class=\"_ _3\"></span>in esame<span class=\"_ _3\"></span> in <span class=\"_ _3\"></span>relazione <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ebiti<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>leasing <span class=\"_ _3\"></span>iscritti <span class=\"_ _1\"></span>in a<span class=\"_ _1\"></span>ll\u2019app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazi<span class=\"_ _1\"></span>one del<span class=\"_ _3\"></span> prin<span class=\"_ _1\"></span>cipio <span class=\"_ _3\"></span>contabile </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7e8\">IFRS 16 per un imp<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i circa Euro 0,8 m<span class=\"_ _1\"></span>ilioni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7e9\">Nella <span class=\"_ _5\"></span>sottovoce <span class=\"_ _5\"></span>\u201c1.<span class=\"_ _1\"></span>1 <span class=\"_ _5\"></span>Debiti <span class=\"_ _5\"></span>\u2013 <span class=\"_ _5\"></span>Altre <span class=\"_ _5\"></span>operazioni\u201d <span class=\"_ _b\"></span>sono <span class=\"_ _5\"></span>evide<span class=\"_ _1\"></span>nziati <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>interessi <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>attualizzazione <span class=\"_ _b\"></span>delle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7ea\">passivit\u00e0 <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>inanziarie<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>rilevate  a  se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uit<span class=\"_ _1\"></span>o  delle  ope<span class=\"_ _3\"></span>razioni  di  (i)  a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisizi<span class=\"_ _1\"></span>one  di <span class=\"_ _f\"> </span>C<span class=\"_ _0\"></span>astello  S<span class=\"_ _1\"></span>GR  e<span class=\"_ _1\"></span>  di  (ii) </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7eb\">conferimento del <span class=\"_ _1\"></span>Ramo di azienda in Vita S<span class=\"_ _1\"></span>rl, per u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> valore c<span class=\"_ _1\"></span>omplessivo di ci<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Euro<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>0,8 milioni.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7ec\">Nella <span class=\"_ _0\"></span>sottovoce \u201c1.2 <span class=\"_ _0\"></span>Titoli in <span class=\"_ _0\"></span>circolazione \u2013 <span class=\"_ _0\"></span>Titoli\u201d <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ono <span class=\"_ _0\"></span>rappresentati gli <span class=\"_ _0\"></span>interessi <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ssivi <span class=\"_ _0\"></span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minati </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7ed\">con <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>met<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>do del c<span class=\"_ _0\"></span>osto ammortizzato <span class=\"_ _0\"></span>(<span class=\"_ _1\"></span>sulla b<span class=\"_ _0\"></span>ase del tasso <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>interesse effettivo) e <span class=\"_ _0\"></span>maturati n<span class=\"_ _0\"></span>el corso </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7ee\">dell\u2019esercizio <span class=\"_ _1d\"> </span>sul <span class=\"_ _1d\"> </span>Pr<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>Obbligazionario <span class=\"_ _1d\"> </span>2026 <span class=\"_ _1d\"> </span>per <span class=\"_ _1d\"> </span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1d\"> </span>Euro <span class=\"_ _1d\"> </span>5,5<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>milioni <span class=\"_ _1d\"> </span>e <span class=\"_ _1c\"> </span>sul <span class=\"_ _1d\"> </span>Prestito </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7ef\">Obbligazionario 20<span class=\"_ _1\"></span>28 per circa E<span class=\"_ _1\"></span>uro 5 milioni.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-41": {
   "value": "3.2<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Composizione degli \u201cInteressi passivi e oneri <span class=\"_ _0\"></span>as<span class=\"_ _1\"></span>simi<span class=\"_ _0\"></span>lati\u201d<span class=\"_ _3\"></span> </span></span><table class=\"s w796 h3b7\" id=\"_70458ad4-58f0-4cf0-8140-ea7779d73274\"><tr><td class=\"c n x1a9 y1acc w797 h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Voci/<span class=\"_ _0\"></span>For<span class=\"_ _0\"></span>me <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ecnich<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fb y1acc w798 h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nanzi<span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fc y1acc w799 h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>CT<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fd y1acc w79a h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Ti<span class=\"_ _0\"></span>tol<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fe y1acc w79b h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Depositi<span class=\"_ _0\"></span> e<span class=\"_ _1\"></span> con<span class=\"_ _0\"></span>ti corren<span class=\"_ _0\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ff y1acc w79c h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Al<span class=\"_ _0\"></span>tre operazi<span class=\"_ _0\"></span>oni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x900 y1acc w79d h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x901 y1acc w79e h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.1<span class=\"_ _0\"></span>2.2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ace w79f h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">1.<span class=\"_ _d\"> </span>Pa<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 fin<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alutate a<span class=\"_ _1\"></span>l cos<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> amm<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rtiz<span class=\"_ _1\"></span>za<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x902 y1ace w7a0 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(750)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x903 y1ace w7a1 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x904 y1ace w7a2 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(10.53<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x905 y1ace w7a3 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(827)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x906 y1ace w7a4 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(12.<span class=\"_ _0\"></span>116)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x907 y1ace w7a2 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(12.81<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x908 y1acf w7a5 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 Debiti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x909 y1acf w7a6 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(75<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x90a y1acf w7a7 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(827)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x90b y1acf w7a8 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(1.57<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x90c y1acf w7a9 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(2.317)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x908 y1ad1 w7aa h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 Ti<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span>li i<span class=\"_ _3\"></span>n circol<span class=\"_ _1\"></span>azion<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x90d y1ad1 w7ab h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(10<span class=\"_ _0\"></span>.539)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x90e y1ad1 w7ac h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>0.53<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x90f y1ad1 w7ad h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>10.<span class=\"_ _0\"></span>495)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad2 w7ae h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">2.<span class=\"_ _d\"> </span>Pa<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 fin<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i nego<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>azione<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x910 y1ad2 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x911 y1ad2 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad3 w7af h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">3.<span class=\"_ _d\"> </span>Pa<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 fin<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>esignate al <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>air valu<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x912 y1ad3 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x913 y1ad3 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad4 w7b0 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">4.<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>ltr<span class=\"_ _1\"></span>e passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>\u00e0<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x914 y1ad4 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x915 y1ad4 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x916 y1ad4 w7b1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(5)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad5 w7b2 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">5.<span class=\"_ _d\"> </span>D<span class=\"_ _0\"></span>erivati di<span class=\"_ _1\"></span> cop<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rtu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x917 y1ad5 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x918 y1ad5 w7b3 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">1.12<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad6 w7b4 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">6.<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>tti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> fi<span class=\"_ _1\"></span>nanziarie<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x919 y1ad6 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x91a y1ad6 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad7 w7b5 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">7.<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>ltr<span class=\"_ _1\"></span>o:<span class=\"_ _1\"></span> Ca<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>a e<span class=\"_ _0\"></span> di<span class=\"_ _1\"></span>spo<span class=\"_ _3\"></span>nibili<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>\u00e0 l<span class=\"_ _3\"></span>iq<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ide<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x91b y1ad7 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x91c y1ad7 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x91d y1ad8 w7b6 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x91e y1ad8 w7b7 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(75<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x91f y1ad8 w7b8 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>10.539)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x920 y1ad8 w7a6 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(82<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x921 y1ad8 w7b9 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(12.11<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x922 y1ad8 w7ba h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>1.69<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x908 y16d8 w7bb h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">di cui<span class=\"_ _1\"></span>: intere<span class=\"_ _0\"></span>ssi pas<span class=\"_ _0\"></span>sivi relativi ai debiti per leas<span class=\"_ _0\"></span>ing<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x923 y16d8 w7bc h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">(750<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x924 y16d8 w7bd h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">(750)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x925 y16d8 w7be h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">(9<span class=\"_ _0\"></span>5)<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella <span class=\"_ _5\"></span>sottovoce <span class=\"_ _b\"></span>\u201c1.1 <span class=\"_ _b\"></span>Debi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>- <span class=\"_ _5\"></span>Finanzia<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>enti<span class=\"_ _1\"></span>\u201d <span class=\"_ _5\"></span>sono <span class=\"_ _b\"></span>evidenziati <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span>tere<span class=\"_ _1\"></span>ssi <span class=\"_ _5\"></span>passi<span class=\"_ _1\"></span>vi <span class=\"_ _b\"></span>matur<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>corso dell\u2019esercizio <span class=\"_ _3\"></span>in esame<span class=\"_ _3\"></span> in <span class=\"_ _3\"></span>relazione <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ebiti<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>leasing <span class=\"_ _3\"></span>iscritti <span class=\"_ _1\"></span>in a<span class=\"_ _1\"></span>ll\u2019app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazi<span class=\"_ _1\"></span>one del<span class=\"_ _3\"></span> prin<span class=\"_ _1\"></span>cipio <span class=\"_ _3\"></span>contabile IFRS 16 per un imp<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i circa Euro 0,8 m<span class=\"_ _1\"></span>ilioni. Nella <span class=\"_ _5\"></span>sottovoce <span class=\"_ _5\"></span>\u201c1.<span class=\"_ _1\"></span>1 <span class=\"_ _5\"></span>Debiti <span class=\"_ _5\"></span>\u2013 <span class=\"_ _5\"></span>Altre <span class=\"_ _5\"></span>operazioni\u201d <span class=\"_ _b\"></span>sono <span class=\"_ _5\"></span>evide<span class=\"_ _1\"></span>nziati <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>interessi <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>attualizzazione <span class=\"_ _b\"></span>delle passivit\u00e0 <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>inanziarie<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>rilevate  a  se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uit<span class=\"_ _1\"></span>o  delle  ope<span class=\"_ _3\"></span>razioni  di  (i)  a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisizi<span class=\"_ _1\"></span>one  di <span class=\"_ _f\"> </span>C<span class=\"_ _0\"></span>astello  S<span class=\"_ _1\"></span>GR  e<span class=\"_ _1\"></span>  di  (ii) conferimento del <span class=\"_ _1\"></span>Ramo di azienda in Vita S<span class=\"_ _1\"></span>rl, per u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> valore c<span class=\"_ _1\"></span>omplessivo di ci<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Euro<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>0,8 milioni.<span class=\"_ _3\"></span> Nella <span class=\"_ _0\"></span>sottovoce \u201c1.2 <span class=\"_ _0\"></span>Titoli in <span class=\"_ _0\"></span>circolazione \u2013 <span class=\"_ _0\"></span>Titoli\u201d <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ono <span class=\"_ _0\"></span>rappresentati gli <span class=\"_ _0\"></span>interessi <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ssivi <span class=\"_ _0\"></span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minati con <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>met<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>do del c<span class=\"_ _0\"></span>osto ammortizzato <span class=\"_ _0\"></span>(<span class=\"_ _1\"></span>sulla b<span class=\"_ _0\"></span>ase del tasso <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>interesse effettivo) e <span class=\"_ _0\"></span>maturati n<span class=\"_ _0\"></span>el corso dell\u2019esercizio <span class=\"_ _1d\"> </span>sul <span class=\"_ _1d\"> </span>Pr<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>Obbligazionario <span class=\"_ _1d\"> </span>2026 <span class=\"_ _1d\"> </span>per <span class=\"_ _1d\"> </span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1d\"> </span>Euro <span class=\"_ _1d\"> </span>5,5<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>milioni <span class=\"_ _1d\"> </span>e <span class=\"_ _1c\"> </span>sul <span class=\"_ _1d\"> </span>Prestito Obbligazionario 20<span class=\"_ _1\"></span>28 per circa E<span class=\"_ _1\"></span>uro 5 milioni.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-517": {
   "value": "3.2<span class=\"ff23\"> <span class=\"_ _9\"></span><span class=\"ff5\">Composizione degli \u201cInteressi passivi e oneri <span class=\"_ _0\"></span>as<span class=\"_ _1\"></span>simi<span class=\"_ _0\"></span>lati\u201d<span class=\"_ _3\"></span> </span></span><table class=\"s w796 h3b7\" id=\"_70458ad4-58f0-4cf0-8140-ea7779d73274\"><tr><td class=\"c n x1a9 y1acc w797 h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Voci/<span class=\"_ _0\"></span>For<span class=\"_ _0\"></span>me <span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ecnich<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fb y1acc w798 h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">F<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nanzi<span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fc y1acc w799 h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">P<span class=\"_ _0\"></span>CT<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fd y1acc w79a h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Ti<span class=\"_ _0\"></span>tol<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8fe y1acc w79b h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Depositi<span class=\"_ _0\"></span> e<span class=\"_ _1\"></span> con<span class=\"_ _0\"></span>ti corren<span class=\"_ _0\"></span>ti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x8ff y1acc w79c h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Al<span class=\"_ _0\"></span>tre operazi<span class=\"_ _0\"></span>oni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x900 y1acc w79d h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x901 y1acc w79e h3a2\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.1<span class=\"_ _0\"></span>2.2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ace w79f h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">1.<span class=\"_ _d\"> </span>Pa<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 fin<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>alutate a<span class=\"_ _1\"></span>l cos<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> amm<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rtiz<span class=\"_ _1\"></span>za<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x902 y1ace w7a0 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(750)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x903 y1ace w7a1 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x904 y1ace w7a2 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(10.53<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x905 y1ace w7a3 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(827)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x906 y1ace w7a4 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(12.<span class=\"_ _0\"></span>116)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x907 y1ace w7a2 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(12.81<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x908 y1acf w7a5 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 Debiti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x909 y1acf w7a6 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(75<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x90a y1acf w7a7 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(827)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x90b y1acf w7a8 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(1.57<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x90c y1acf w7a9 h347\"><div class=\"t m19 x17f hfa y1acd ff2 fs5b fc1 sc0 ls0 ws0\">(2.317)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x908 y1ad1 w7aa h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 Ti<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span>li i<span class=\"_ _3\"></span>n circol<span class=\"_ _1\"></span>azion<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x90d y1ad1 w7ab h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(10<span class=\"_ _0\"></span>.539)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x90e y1ad1 w7ac h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>0.53<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x90f y1ad1 w7ad h349\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>10.<span class=\"_ _0\"></span>495)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad2 w7ae h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">2.<span class=\"_ _d\"> </span>Pa<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 fin<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i nego<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>azione<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x910 y1ad2 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x911 y1ad2 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad3 w7af h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">3.<span class=\"_ _d\"> </span>Pa<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>ivit\u00e0 fin<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>nziarie <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>esignate al <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>air valu<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x912 y1ad3 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x913 y1ad3 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad4 w7b0 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">4.<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>ltr<span class=\"_ _1\"></span>e passi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>\u00e0<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x914 y1ad4 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x915 y1ad4 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x916 y1ad4 w7b1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">(5)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad5 w7b2 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">5.<span class=\"_ _d\"> </span>D<span class=\"_ _0\"></span>erivati di<span class=\"_ _1\"></span> cop<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rtu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x917 y1ad5 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x918 y1ad5 w7b3 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">1.12<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad6 w7b4 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">6.<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>tti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>\u00e0<span class=\"_ _0\"></span> fi<span class=\"_ _1\"></span>nanziarie<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x919 y1ad6 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x91a y1ad6 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ad7 w7b5 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc1 sc0 ls0 ws0\">7.<span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>ltr<span class=\"_ _1\"></span>o:<span class=\"_ _1\"></span> Ca<span class=\"_ _0\"></span>ss<span class=\"_ _3\"></span>a e<span class=\"_ _0\"></span> di<span class=\"_ _1\"></span>spo<span class=\"_ _3\"></span>nibili<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>\u00e0 l<span class=\"_ _3\"></span>iq<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ide<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x91b y1ad7 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x91c y1ad7 w7a1 h346\"><div class=\"t m19 x17f hfa y1ad0 ff2 fs5b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x91d y1ad8 w7b6 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x91e y1ad8 w7b7 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(75<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x91f y1ad8 w7b8 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>10.539)<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x920 y1ad8 w7a6 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(82<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x921 y1ad8 w7b9 h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(12.11<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x922 y1ad8 w7ba h375\"><div class=\"t m19 x17f hf9 y1acb ff3 fs5b fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>1.69<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x908 y16d8 w7bb h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">di cui<span class=\"_ _1\"></span>: intere<span class=\"_ _0\"></span>ssi pas<span class=\"_ _0\"></span>sivi relativi ai debiti per leas<span class=\"_ _0\"></span>ing<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x923 y16d8 w7bc h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">(750<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x924 y16d8 w7bd h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">(750)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x925 y16d8 w7be h3b0\"><div class=\"t m19 x17f hfa y1ad9 ff5 fs5b fc1 sc0 ls0 ws0\">(9<span class=\"_ _0\"></span>5)<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella <span class=\"_ _5\"></span>sottovoce <span class=\"_ _b\"></span>\u201c1.1 <span class=\"_ _b\"></span>Debi<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>- <span class=\"_ _5\"></span>Finanzia<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>enti<span class=\"_ _1\"></span>\u201d <span class=\"_ _5\"></span>sono <span class=\"_ _b\"></span>evidenziati <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span>tere<span class=\"_ _1\"></span>ssi <span class=\"_ _5\"></span>passi<span class=\"_ _1\"></span>vi <span class=\"_ _b\"></span>matur<span class=\"_ _0\"></span>ati <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>el <span class=\"_ _b\"></span>corso dell\u2019esercizio <span class=\"_ _3\"></span>in esame<span class=\"_ _3\"></span> in <span class=\"_ _3\"></span>relazione <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ebiti<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>er <span class=\"_ _1\"></span>leasing <span class=\"_ _3\"></span>iscritti <span class=\"_ _1\"></span>in a<span class=\"_ _1\"></span>ll\u2019app<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>icazi<span class=\"_ _1\"></span>one del<span class=\"_ _3\"></span> prin<span class=\"_ _1\"></span>cipio <span class=\"_ _3\"></span>contabile IFRS 16 per un imp<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i circa Euro 0,8 m<span class=\"_ _1\"></span>ilioni. Nella <span class=\"_ _5\"></span>sottovoce <span class=\"_ _5\"></span>\u201c1.<span class=\"_ _1\"></span>1 <span class=\"_ _5\"></span>Debiti <span class=\"_ _5\"></span>\u2013 <span class=\"_ _5\"></span>Altre <span class=\"_ _5\"></span>operazioni\u201d <span class=\"_ _b\"></span>sono <span class=\"_ _5\"></span>evide<span class=\"_ _1\"></span>nziati <span class=\"_ _5\"></span>gli <span class=\"_ _5\"></span>interessi <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>attualizzazione <span class=\"_ _b\"></span>delle passivit\u00e0 <span class=\"_ _f\"> </span>f<span class=\"_ _0\"></span>inanziarie<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>rilevate  a  se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uit<span class=\"_ _1\"></span>o  delle  ope<span class=\"_ _3\"></span>razioni  di  (i)  a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>quisizi<span class=\"_ _1\"></span>one  di <span class=\"_ _f\"> </span>C<span class=\"_ _0\"></span>astello  S<span class=\"_ _1\"></span>GR  e<span class=\"_ _1\"></span>  di  (ii) conferimento del <span class=\"_ _1\"></span>Ramo di azienda in Vita S<span class=\"_ _1\"></span>rl, per u<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> valore c<span class=\"_ _1\"></span>omplessivo di ci<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>Euro<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>0,8 milioni.<span class=\"_ _3\"></span> Nella <span class=\"_ _0\"></span>sottovoce \u201c1.2 <span class=\"_ _0\"></span>Titoli in <span class=\"_ _0\"></span>circolazione \u2013 <span class=\"_ _0\"></span>Titoli\u201d <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ono <span class=\"_ _0\"></span>rappresentati gli <span class=\"_ _0\"></span>interessi <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ssivi <span class=\"_ _0\"></span>dete<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>minati con <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>met<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>do del c<span class=\"_ _0\"></span>osto ammortizzato <span class=\"_ _0\"></span>(<span class=\"_ _1\"></span>sulla b<span class=\"_ _0\"></span>ase del tasso <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>interesse effettivo) e <span class=\"_ _0\"></span>maturati n<span class=\"_ _0\"></span>el corso dell\u2019esercizio <span class=\"_ _1d\"> </span>sul <span class=\"_ _1d\"> </span>Pr<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>Obbligazionario <span class=\"_ _1d\"> </span>2026 <span class=\"_ _1d\"> </span>per <span class=\"_ _1d\"> </span>c<span class=\"_ _0\"></span>irca <span class=\"_ _1d\"> </span>Euro <span class=\"_ _1d\"> </span>5,5<span class=\"_ _0\"></span> <span class=\"_ _1d\"> </span>milioni <span class=\"_ _1d\"> </span>e <span class=\"_ _1c\"> </span>sul <span class=\"_ _1d\"> </span>Prestito Obbligazionario 20<span class=\"_ _1\"></span>28 per circa E<span class=\"_ _1\"></span>uro 5 milioni.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-466": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs803\">S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 9<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>40 </div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs804\">9.1 Spese per <span class=\"_ _0\"></span>il <span class=\"_ _1\"></span>personale: composizione </div><div class=\"gs805\"><table class=\"s w7d5 h3b9\" id=\"_700a225b-d4d7-4e91-8d7b-c92d4ba3dac0\"><tr><td class=\"c n x93a y1ae7 w7d6 h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">Voci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93b y1ae7 w7d7 h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _0\"></span>le 31.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93c y1ae7 w7d8 h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> 31.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ae8 w7d9 h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">1.<span class=\"_ _15\"> </span>P<span class=\"_ _0\"></span>ers<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>nale di<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>te<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93d y1ae8 w7da h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(12<span class=\"_ _0\"></span>1.541)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93e y1ae8 w7db h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>4.211<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1aea w7dc h3bb\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">a) salari <span class=\"_ _1\"></span>e s<span class=\"_ _1\"></span>tip<span class=\"_ _3\"></span>end<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93f y1aea w7dd h3bb\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(59.<span class=\"_ _0\"></span>16<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x940 y1aea w7de h3bb\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(3<span class=\"_ _0\"></span>9.1<span class=\"_ _0\"></span>11)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1aeb w7df h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">b) on<span class=\"_ _1\"></span>eri <span class=\"_ _3\"></span>soci<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x941 y1aeb w7e0 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(13.<span class=\"_ _0\"></span>630)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x942 y1aeb w7e1 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(9.<span class=\"_ _0\"></span>885<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x943 h105 y1aec ff2 fs60 fc1 sc0 ls0 ws0\">c) <span class=\"_ _1\"></span>in<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enn<span class=\"_ _3\"></span>it\u00e0 di fin<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>orto<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x93a y1aed w7e2 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">d) sp<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>e p<span class=\"_ _1\"></span>rev<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enziali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x944 y1aed w7e3 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(1.<span class=\"_ _0\"></span>406)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x945 y1aed w7e3 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(1.0<span class=\"_ _0\"></span>24)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1aee w7e4 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">e) acca<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ton<span class=\"_ _3\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>to <span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> trattament<span class=\"_ _3\"></span>o di fi<span class=\"_ _1\"></span>ne rapp<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el pe<span class=\"_ _1\"></span>rson<span class=\"_ _3\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x946 y1aee w7e5 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(4<span class=\"_ _1\"></span>12)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x947 y1aee w7e6 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>91)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1aef w7e7 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">f) acca<span class=\"_ _0\"></span>nt<span class=\"_ _3\"></span>onamen<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> al fon<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>tra<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>tament<span class=\"_ _3\"></span>o di qu<span class=\"_ _1\"></span>iescen<span class=\"_ _1\"></span>za e obb<span class=\"_ _0\"></span>li<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>i s<span class=\"_ _3\"></span>imil<span class=\"_ _3\"></span>i:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x948 y1aef w7e8 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x949 y1aef w7e8 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x943 h105 y1af0 ff2 fs60 fc1 sc0 ls0 ws0\">- a con<span class=\"_ _3\"></span>tribuzio<span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>efini<span class=\"_ _1\"></span>ta<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"t m1d x943 h105 y1af1 ff2 fs60 fc1 sc0 ls0 ws0\">- a benefici defini<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x93a y1af2 w7e9 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">g) versame<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> ai fon<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> di p<span class=\"_ _1\"></span>rev<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enza comp<span class=\"_ _3\"></span>leme<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>tar<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>erni:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94a y1af2 w7ea h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>4.<span class=\"_ _0\"></span>309)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94b y1af2 w7e3 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>684)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1af3 w7eb h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">- a con<span class=\"_ _3\"></span>tribuzio<span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>efini<span class=\"_ _1\"></span>ta<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94c y1af3 w7ec h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(4.30<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94d y1af3 w7ed h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>684<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x943 h105 y1af4 ff2 fs60 fc1 sc0 ls0 ws0\">- a benefici defini<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x93a y1af5 w7ee h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">h<span class=\"_ _3\"></span>) a<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> be<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>efici <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> fa<span class=\"_ _0\"></span>vo<span class=\"_ _1\"></span>re d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ip<span class=\"_ _1\"></span>endent<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94e y1af5 w7e0 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(42.<span class=\"_ _0\"></span>618)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94f y1af5 w7ef h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(11.3<span class=\"_ _0\"></span>16)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1af6 w7f0 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">2. <span class=\"_ _a\"> </span>Al<span class=\"_ _0\"></span>tro person<span class=\"_ _0\"></span>ale in at<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>\u00e0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x950 y1af6 w7f1 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(433)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x951 y1af6 w7f2 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(140<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1af7 w7f3 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">3. <span class=\"_ _a\"> </span>Amm<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>ri e <span class=\"_ _1\"></span>Sin<span class=\"_ _0\"></span>daci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x952 y1af7 w7f4 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>.836)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x953 y1af7 w7f5 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(2.5<span class=\"_ _0\"></span>30)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x41c h104 y1af8 ff3 fs60 fc1 sc0 ls0 ws0\">4.<span class=\"_ _15\"> </span>P<span class=\"_ _0\"></span>ers<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>nale col<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>cato<span class=\"_ _0\"></span> a<span class=\"_ _1\"></span> ri<span class=\"_ _0\"></span>poso<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1af9 w7f6 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">5. <span class=\"_ _a\"> </span>Recuperi<span class=\"_ _0\"></span> di spes<span class=\"_ _1\"></span>a per di<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i di<span class=\"_ _0\"></span>staccati<span class=\"_ _0\"></span> pres<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span> alt<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span> azie<span class=\"_ _0\"></span>nde<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x954 y1af9 w7f7 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">123<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x955 y1af9 w7f7 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">119<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x41c h104 y1afa ff3 fs60 fc1 sc0 ls0 ws0\">6. <span class=\"_ _a\"> </span>Rimbo<span class=\"_ _0\"></span>rs<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i spes<span class=\"_ _1\"></span>a per di<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i di<span class=\"_ _0\"></span>staccati<span class=\"_ _0\"></span> pres<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span> la s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet\u00e0<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x93a y16d8 w7f8 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x956 y16d8 w7f9 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(127.68<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x957 y16d8 w7fa h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(66.<span class=\"_ _0\"></span>762)<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs806\">La <span class=\"_ _f\"> </span>voce <span class=\"_ _f\"> </span>\u201cSpese <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>personale\u201d <span class=\"_ _f\"> </span>evide<span class=\"_ _1\"></span>nzia <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>saldo <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>127,<span class=\"_ _1\"></span>7 <span class=\"_ _f\"> </span>mi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ioni <span class=\"_ _f\"> </span>(Euro <span class=\"_ _f\"></span>66,8 <span class=\"_ _f\"> </span>mili<span class=\"_ _1\"></span>oni  a<span class=\"_ _1\"></span>l <span class=\"_ _f\"> </span>31 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs807\">dicembre <span class=\"_ _b\"></span>2023) <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>comprende <span class=\"_ _b\"></span>pr<span class=\"_ _1\"></span>incipalmente <span class=\"_ _0\"></span>(i) <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>costi <span class=\"_ _0\"></span>complessivi <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>fe<span class=\"_ _1\"></span>riti <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>personale<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>dipendente<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs808\">agli <span class=\"_ _0\"></span>Ammini<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>ratori <span class=\"_ _b\"></span>(comp<span class=\"_ _1\"></span>onente <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ssa) <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>d <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>Collegio <span class=\"_ _0\"></span>Sindacale <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8,9 <span class=\"_ _0\"></span>milioni, <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>costi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs809\">rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>alla <span class=\"_ _0\"></span>compon<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>remunerazione <span class=\"_ _b\"></span>variabile<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>sonale <span class=\"_ _0\"></span>dipendente <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>Ammi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ist<span class=\"_ _1\"></span>ratori </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs80a\">per circa Euro 25,4 milioni e (iii) i costi riferiti ai pia<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i di LTIP, iscritti nel<span class=\"_ _1\"></span>la sottovoce \u201ch) altr<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>benefici a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs80b\">favore <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>dipendenti\u201d <span class=\"_ _3\"></span>sono pa<span class=\"_ _1\"></span>ri <span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>ci<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ca <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro 35<span class=\"_ _1\"></span>,9 <span class=\"_ _1\"></span>milioni, <span class=\"_ _3\"></span>in aume<span class=\"_ _1\"></span>nto <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>circa <span class=\"_ _3\"></span>Euro <span class=\"_ _1\"></span>32,4 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ispetto<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs80c\">all\u2019esercizio <span class=\"_ _c\"> </span>precede<span class=\"_ _1\"></span>nte <span class=\"_ _c\"> </span>in <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rrelazione <span class=\"_ _211\"> </span>all\u2019accelerazione <span class=\"_ _211\"> </span>dei <span class=\"_ _c\"> </span>Piani <span class=\"_ _c\"> </span>in  c<span class=\"_ _0\"></span>onse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uenza<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>dell\u2019OPA <span class=\"_ _211\"> </span>su<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs80d\">Societ\u00e0 (si <span class=\"_ _1\"></span>rimanda alla N<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ta i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teg<span class=\"_ _1\"></span>rativa Consolidat<span class=\"_ _3\"></span>a \u201cPar<span class=\"_ _0\"></span>te A <span class=\"_ _3\"></span>\u2013 <span class=\"_ _0\"></span>P<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>che <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>ontabil<span class=\"_ _1\"></span>i - A.2 Pa<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>relativa </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs80e\">alle <span class=\"_ _0\"></span>pri<span class=\"_ _1\"></span>nci<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>li voci <span class=\"_ _0\"></span>di bilancio \u2013 <span class=\"_ _0\"></span>Altre informazioni \u2013 Long<span class=\"_ _0\"></span> Term Incentive Pl<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>\u201cLTIP\u201d\u201d <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i dettagli<span class=\"_ _0\"></span> e i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs80f\">principi contabili adottati)<span class=\"_ _3\"></span>. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs810\">Il contributo di Kair<span class=\"_ _1\"></span>os SGR alla vo<span class=\"_ _1\"></span>ce \u201cspese pe<span class=\"_ _1\"></span>r il<span class=\"_ _0\"></span> pe<span class=\"_ _3\"></span>rsonale\u201d \u00e8 pari a circa E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ro 21,2 mil<span class=\"_ _1\"></span>ioni.<span class=\"_ _4a1\"> </span></div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs811\">9.2 Numero <span class=\"_ _0\"></span>medio<span class=\"_ _1\"></span> dei dipendenti ripartiti per c<span class=\"_ _0\"></span>ategoria<span class=\"_ _3\"></span> </div><div class=\"gs812\"><table class=\"s w7fb h3bc\" id=\"_cde661fc-ed2c-481c-abd9-d920874298b9\"><tr><td></td><td class=\"c n x958 y1afb w7fc h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">N. <span class=\"_ _0\"></span>medi<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x959 y1afb w7fd h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">N.<span class=\"_ _0\"></span> medio<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m24 x95a h106 y1afc ff3 fs61 fc1 sc0 ls0 ws0\">Pe<span class=\"_ _0\"></span>rson<span class=\"_ _3\"></span>ale di<span class=\"_ _1\"></span>pen<span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>te<span class=\"_ _4a1\"> </span></td><td class=\"c n x95b y1afd w7fe h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x95c y1afd w7fe h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x406 y1afe w7ff h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">a) dirige<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x95d y1afe w800 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">98<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x95e y1afe w800 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x406 y1aff w801 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">b) altr<span class=\"_ _3\"></span>o personale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x95f y1aff w802 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">39<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x960 y1aff w803 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x406 y1b00 w804 h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x961 y1b00 w803 h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>94<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x962 y1b00 w803 h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">37<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs813\">Il <span class=\"_ _0\"></span>numero <span class=\"_ _0\"></span>medio <span class=\"_ _0\"></span>dei<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>nden<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> di <span class=\"_ _b\"></span>Kai<span class=\"_ _1\"></span>ros <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>nell\u2019ese<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>iz<span class=\"_ _3\"></span>io <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>stato<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>complessivamente <span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>a c<span class=\"_ _0\"></span>irca 8<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span> </div><div class=\"t m1 he ff2 fs2 fc1 sc0 ls0 ws0 gs814\">risorse; nella tabella tale <span class=\"_ _3\"></span>valore \u00e8 stato ponderato d<span class=\"_ _3\"></span>alla data di acquisizione (2 ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio 20<span class=\"_ _1\"></span>24).<span class=\"ff5 fsb\"> </span></div><div class=\"t m1 he ff5 fsb fc1 sc0 ls0 ws0 gs816\">9.3 Composizione delle \u201cAltre spese ammi<span class=\"_ _1\"></span>nistrativ<span class=\"_ _0\"></span>e<span class=\"ff2\">\u201d </span></div><div class=\"gs817\"><table class=\"s w805 h3bd\" id=\"_db685b86-4fc2-432a-903a-d0980ef93dcb\"><tr><td></td><td class=\"c n x963 y1b01 w806 h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x964 y1b01 w807 h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b02 w808 h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">Voci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x965 y1b02 w809 h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x966 y1b02 w80a h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.12<span class=\"_ _0\"></span>.2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b03 w80b h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">Con<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ulen<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x967 y1b03 w80c h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(7.24<span class=\"_ _0\"></span>4)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x968 y1b03 w80c h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(4.<span class=\"_ _0\"></span>636)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b04 w80d h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">L<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>caz<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e i<span class=\"_ _1\"></span>mmobili<span class=\"_ _3\"></span> e o<span class=\"_ _3\"></span>neri <span class=\"_ _1\"></span>ge<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x969 y1b04 w80e h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>161)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96a y1b04 w80f h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>169<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1819 w810 h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">Serv<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>zi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i o<span class=\"_ _3\"></span>ut<span class=\"_ _3\"></span>sou<span class=\"_ _3\"></span>rcin<span class=\"_ _3\"></span>g<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96b y1819 w811 h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>908)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96c y1819 w812 h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(7.<span class=\"_ _0\"></span>712<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y181a w813 h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">Spe<span class=\"_ _1\"></span>se di <span class=\"_ _3\"></span>ma<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>et<span class=\"_ _3\"></span>ing e co<span class=\"_ _3\"></span>mun<span class=\"_ _3\"></span>ica<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96d y181a w80c h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(7.3<span class=\"_ _0\"></span>51)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96e y181a w80c h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(6.<span class=\"_ _0\"></span>682)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b05 w814 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">Cos<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>r I<span class=\"_ _3\"></span>nf<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>provi<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96f y1b05 w815 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(12.15<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x970 y1b05 w816 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>0.6<span class=\"_ _0\"></span>04)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19f5 w817 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">Cos<span class=\"_ _1\"></span>ti<span class=\"_ _3\"></span> per <span class=\"_ _3\"></span>telefon<span class=\"_ _3\"></span>ia<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>sis<span class=\"_ _3\"></span>temi <span class=\"_ _3\"></span>info<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>matici<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x971 y19f5 w80c h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(9.23<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x972 y19f5 w80f h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>8.1<span class=\"_ _0\"></span>86)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19f6 w818 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>tri co<span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> fun<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ame<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x973 y19f6 w80c h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(6.<span class=\"_ _0\"></span>893)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x974 y19f6 w819 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(4<span class=\"_ _0\"></span>.88<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w81a h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x975 y16d8 w81b h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">(52.<span class=\"_ _0\"></span>938)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x976 y16d8 w81c h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>44.87<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs818\">La voce \u201cAltre spese amminist<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ative<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span> evidenzia <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n saldo di cir<span class=\"_ _1\"></span>ca Euro<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>2,9 m<span class=\"_ _1\"></span>ilioni (Euro 44,9 mili<span class=\"_ _1\"></span>oni al </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs819\">31 <span class=\"_ _91\"> </span>di<span class=\"_ _1\"></span>cembre <span class=\"_ _21\"> </span>2023); <span class=\"_ _21\"> </span>l\u2019incremento <span class=\"_ _21\"> </span>\u00e8 <span class=\"_ _91\"> </span>p<span class=\"_ _1\"></span>rincipal<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _21\"> </span>attribuibile <span class=\"_ _21\"> </span>a <span class=\"_ _21\"> </span>(i) <span class=\"_ _21\"> </span>maggiori <span class=\"_ _21\"> </span>consulenze, <span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs81a\">prevalentemente<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>straordinarie, <span class=\"_ _0\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>acquisizioni societarie <span class=\"_ _0\"></span>effettuate nell<span class=\"_ _0\"></span>\u2019e<span class=\"_ _3\"></span>sercizio <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>l\u2019OPA <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs81b\">circa <span class=\"_ _f\"> </span>Euro <span class=\"_ _6\"></span>2,6 <span class=\"_ _f\"> </span>milioni, <span class=\"_ _6\"></span>(ii) <span class=\"_ _f\"></span>mag<span class=\"_ _1\"></span>giori <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>osti <span class=\"_ _6\"></span>commerciali <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>marketi<span class=\"_ _1\"></span>ng <span class=\"_ _f\"> </span>per <span class=\"_ _6\"></span>circa <span class=\"_ _f\"> </span>Euro <span class=\"_ _6\"></span>0,7<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>milioni, <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>iii)<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs81c\">maggiori <span class=\"_ _e\"> </span>costi <span class=\"_ _19\"> </span>per <span class=\"_ _e\"> </span>i <span class=\"_ _19\"> </span>sistemi <span class=\"_ _e\"> </span>informatici <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>ir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a <span class=\"_ _e\"> </span>Euro <span class=\"_ _19\"> </span>1 <span class=\"_ _e\"> </span>milione, <span class=\"_ _e\"> </span>(<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>v) <span class=\"_ _e\"> </span>m<span class=\"_ _0\"></span>ag<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>iori <span class=\"_ _e\"> </span>altri <span class=\"_ _19\"> </span>costi <span class=\"_ _e\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs81d\">funzionamento per <span class=\"_ _1\"></span>circa Euro 2 mili<span class=\"_ _1\"></span>oni e (v) maggio<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i costi p<span class=\"_ _1\"></span>er info provider pe<span class=\"_ _1\"></span>r circa Euro 1,5 milioni.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs81e\">Il <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntributo <span class=\"_ _0\"></span>complessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>voce <span class=\"_ _0\"></span>\u201cAltre <span class=\"_ _0\"></span>spese <span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>nistrative<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa </div><div class=\"t m1 h10 ff2 fs2 fc1 sc0 ls0 ws0 gs81f\">Euro 5 milioni.<span class=\"ff3 fsb\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-42": {
   "value": "S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 9<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>40 9.1 Spese per <span class=\"_ _0\"></span>il <span class=\"_ _1\"></span>personale: composizione <table class=\"s w7d5 h3b9\" id=\"_700a225b-d4d7-4e91-8d7b-c92d4ba3dac0\"><tr><td class=\"c n x93a y1ae7 w7d6 h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">Voci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93b y1ae7 w7d7 h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _0\"></span>le 31.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93c y1ae7 w7d8 h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> 31.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ae8 w7d9 h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">1.<span class=\"_ _15\"> </span>P<span class=\"_ _0\"></span>ers<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>nale di<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>te<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93d y1ae8 w7da h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(12<span class=\"_ _0\"></span>1.541)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93e y1ae8 w7db h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>4.211<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1aea w7dc h3bb\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">a) salari <span class=\"_ _1\"></span>e s<span class=\"_ _1\"></span>tip<span class=\"_ _3\"></span>end<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93f y1aea w7dd h3bb\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(59.<span class=\"_ _0\"></span>16<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x940 y1aea w7de h3bb\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(3<span class=\"_ _0\"></span>9.1<span class=\"_ _0\"></span>11)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1aeb w7df h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">b) on<span class=\"_ _1\"></span>eri <span class=\"_ _3\"></span>soci<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x941 y1aeb w7e0 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(13.<span class=\"_ _0\"></span>630)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x942 y1aeb w7e1 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(9.<span class=\"_ _0\"></span>885<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x943 h105 y1aec ff2 fs60 fc1 sc0 ls0 ws0\">c) <span class=\"_ _1\"></span>in<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enn<span class=\"_ _3\"></span>it\u00e0 di fin<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>orto<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x93a y1aed w7e2 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">d) sp<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>e p<span class=\"_ _1\"></span>rev<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enziali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x944 y1aed w7e3 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(1.<span class=\"_ _0\"></span>406)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x945 y1aed w7e3 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(1.0<span class=\"_ _0\"></span>24)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1aee w7e4 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">e) acca<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ton<span class=\"_ _3\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>to <span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> trattament<span class=\"_ _3\"></span>o di fi<span class=\"_ _1\"></span>ne rapp<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el pe<span class=\"_ _1\"></span>rson<span class=\"_ _3\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x946 y1aee w7e5 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(4<span class=\"_ _1\"></span>12)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x947 y1aee w7e6 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>91)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1aef w7e7 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">f) acca<span class=\"_ _0\"></span>nt<span class=\"_ _3\"></span>onamen<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> al fon<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>tra<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>tament<span class=\"_ _3\"></span>o di qu<span class=\"_ _1\"></span>iescen<span class=\"_ _1\"></span>za e obb<span class=\"_ _0\"></span>li<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>i s<span class=\"_ _3\"></span>imil<span class=\"_ _3\"></span>i:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x948 y1aef w7e8 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x949 y1aef w7e8 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x943 h105 y1af0 ff2 fs60 fc1 sc0 ls0 ws0\">- a con<span class=\"_ _3\"></span>tribuzio<span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>efini<span class=\"_ _1\"></span>ta<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"t m1d x943 h105 y1af1 ff2 fs60 fc1 sc0 ls0 ws0\">- a benefici defini<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x93a y1af2 w7e9 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">g) versame<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> ai fon<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> di p<span class=\"_ _1\"></span>rev<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enza comp<span class=\"_ _3\"></span>leme<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>tar<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>erni:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94a y1af2 w7ea h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>4.<span class=\"_ _0\"></span>309)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94b y1af2 w7e3 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>684)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1af3 w7eb h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">- a con<span class=\"_ _3\"></span>tribuzio<span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>efini<span class=\"_ _1\"></span>ta<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94c y1af3 w7ec h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(4.30<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94d y1af3 w7ed h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>684<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x943 h105 y1af4 ff2 fs60 fc1 sc0 ls0 ws0\">- a benefici defini<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x93a y1af5 w7ee h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">h<span class=\"_ _3\"></span>) a<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> be<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>efici <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> fa<span class=\"_ _0\"></span>vo<span class=\"_ _1\"></span>re d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ip<span class=\"_ _1\"></span>endent<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94e y1af5 w7e0 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(42.<span class=\"_ _0\"></span>618)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94f y1af5 w7ef h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(11.3<span class=\"_ _0\"></span>16)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1af6 w7f0 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">2. <span class=\"_ _a\"> </span>Al<span class=\"_ _0\"></span>tro person<span class=\"_ _0\"></span>ale in at<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>\u00e0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x950 y1af6 w7f1 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(433)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x951 y1af6 w7f2 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(140<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1af7 w7f3 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">3. <span class=\"_ _a\"> </span>Amm<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>ri e <span class=\"_ _1\"></span>Sin<span class=\"_ _0\"></span>daci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x952 y1af7 w7f4 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>.836)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x953 y1af7 w7f5 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(2.5<span class=\"_ _0\"></span>30)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x41c h104 y1af8 ff3 fs60 fc1 sc0 ls0 ws0\">4.<span class=\"_ _15\"> </span>P<span class=\"_ _0\"></span>ers<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>nale col<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>cato<span class=\"_ _0\"></span> a<span class=\"_ _1\"></span> ri<span class=\"_ _0\"></span>poso<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1af9 w7f6 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">5. <span class=\"_ _a\"> </span>Recuperi<span class=\"_ _0\"></span> di spes<span class=\"_ _1\"></span>a per di<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i di<span class=\"_ _0\"></span>staccati<span class=\"_ _0\"></span> pres<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span> alt<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span> azie<span class=\"_ _0\"></span>nde<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x954 y1af9 w7f7 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">123<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x955 y1af9 w7f7 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">119<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x41c h104 y1afa ff3 fs60 fc1 sc0 ls0 ws0\">6. <span class=\"_ _a\"> </span>Rimbo<span class=\"_ _0\"></span>rs<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i spes<span class=\"_ _1\"></span>a per di<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i di<span class=\"_ _0\"></span>staccati<span class=\"_ _0\"></span> pres<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span> la s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet\u00e0<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x93a y16d8 w7f8 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x956 y16d8 w7f9 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(127.68<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x957 y16d8 w7fa h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(66.<span class=\"_ _0\"></span>762)<span class=\"_ _4a1\"> </span></div></td></tr></table>La <span class=\"_ _f\"> </span>voce <span class=\"_ _f\"> </span>\u201cSpese <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>personale\u201d <span class=\"_ _f\"> </span>evide<span class=\"_ _1\"></span>nzia <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>saldo <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>127,<span class=\"_ _1\"></span>7 <span class=\"_ _f\"> </span>mi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ioni <span class=\"_ _f\"> </span>(Euro <span class=\"_ _f\"></span>66,8 <span class=\"_ _f\"> </span>mili<span class=\"_ _1\"></span>oni  a<span class=\"_ _1\"></span>l <span class=\"_ _f\"> </span>31 dicembre <span class=\"_ _b\"></span>2023) <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>comprende <span class=\"_ _b\"></span>pr<span class=\"_ _1\"></span>incipalmente <span class=\"_ _0\"></span>(i) <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>costi <span class=\"_ _0\"></span>complessivi <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>fe<span class=\"_ _1\"></span>riti <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>personale<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>dipendente<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>e agli <span class=\"_ _0\"></span>Ammini<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>ratori <span class=\"_ _b\"></span>(comp<span class=\"_ _1\"></span>onente <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ssa) <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>d <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>Collegio <span class=\"_ _0\"></span>Sindacale <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8,9 <span class=\"_ _0\"></span>milioni, <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>costi rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>alla <span class=\"_ _0\"></span>compon<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>remunerazione <span class=\"_ _b\"></span>variabile<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>sonale <span class=\"_ _0\"></span>dipendente <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>Ammi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ist<span class=\"_ _1\"></span>ratori per circa Euro 25,4 milioni e (iii) i costi riferiti ai pia<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i di LTIP, iscritti nel<span class=\"_ _1\"></span>la sottovoce \u201ch) altr<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>benefici a favore <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>dipendenti\u201d <span class=\"_ _3\"></span>sono pa<span class=\"_ _1\"></span>ri <span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>ci<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ca <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro 35<span class=\"_ _1\"></span>,9 <span class=\"_ _1\"></span>milioni, <span class=\"_ _3\"></span>in aume<span class=\"_ _1\"></span>nto <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>circa <span class=\"_ _3\"></span>Euro <span class=\"_ _1\"></span>32,4 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ispetto<span class=\"_ _3\"></span> all\u2019esercizio <span class=\"_ _c\"> </span>precede<span class=\"_ _1\"></span>nte <span class=\"_ _c\"> </span>in <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rrelazione <span class=\"_ _211\"> </span>all\u2019accelerazione <span class=\"_ _211\"> </span>dei <span class=\"_ _c\"> </span>Piani <span class=\"_ _c\"> </span>in  c<span class=\"_ _0\"></span>onse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uenza<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>dell\u2019OPA <span class=\"_ _211\"> </span>su<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a Societ\u00e0 (si <span class=\"_ _1\"></span>rimanda alla N<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ta i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teg<span class=\"_ _1\"></span>rativa Consolidat<span class=\"_ _3\"></span>a \u201cPar<span class=\"_ _0\"></span>te A <span class=\"_ _3\"></span>\u2013 <span class=\"_ _0\"></span>P<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>che <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>ontabil<span class=\"_ _1\"></span>i - A.2 Pa<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>relativa alle <span class=\"_ _0\"></span>pri<span class=\"_ _1\"></span>nci<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>li voci <span class=\"_ _0\"></span>di bilancio \u2013 <span class=\"_ _0\"></span>Altre informazioni \u2013 Long<span class=\"_ _0\"></span> Term Incentive Pl<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>\u201cLTIP\u201d\u201d <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i dettagli<span class=\"_ _0\"></span> e i principi contabili adottati)<span class=\"_ _3\"></span>. Il contributo di Kair<span class=\"_ _1\"></span>os SGR alla vo<span class=\"_ _1\"></span>ce \u201cspese pe<span class=\"_ _1\"></span>r il<span class=\"_ _0\"></span> pe<span class=\"_ _3\"></span>rsonale\u201d \u00e8 pari a circa E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ro 21,2 mil<span class=\"_ _1\"></span>ioni.<span class=\"_ _4a1\"> </span>9.2 Numero <span class=\"_ _0\"></span>medio<span class=\"_ _1\"></span> dei dipendenti ripartiti per c<span class=\"_ _0\"></span>ategoria<span class=\"_ _3\"></span> <table class=\"s w7fb h3bc\" id=\"_cde661fc-ed2c-481c-abd9-d920874298b9\"><tr><td></td><td class=\"c n x958 y1afb w7fc h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">N. <span class=\"_ _0\"></span>medi<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x959 y1afb w7fd h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">N.<span class=\"_ _0\"></span> medio<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m24 x95a h106 y1afc ff3 fs61 fc1 sc0 ls0 ws0\">Pe<span class=\"_ _0\"></span>rson<span class=\"_ _3\"></span>ale di<span class=\"_ _1\"></span>pen<span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>te<span class=\"_ _4a1\"> </span></td><td class=\"c n x95b y1afd w7fe h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x95c y1afd w7fe h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x406 y1afe w7ff h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">a) dirige<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x95d y1afe w800 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">98<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x95e y1afe w800 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x406 y1aff w801 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">b) altr<span class=\"_ _3\"></span>o personale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x95f y1aff w802 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">39<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x960 y1aff w803 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x406 y1b00 w804 h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x961 y1b00 w803 h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>94<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x962 y1b00 w803 h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">37<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr></table>Il <span class=\"_ _0\"></span>numero <span class=\"_ _0\"></span>medio <span class=\"_ _0\"></span>dei<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>nden<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> di <span class=\"_ _b\"></span>Kai<span class=\"_ _1\"></span>ros <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>nell\u2019ese<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>iz<span class=\"_ _3\"></span>io <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>stato<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>complessivamente <span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>a c<span class=\"_ _0\"></span>irca 8<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span> risorse; nella tabella tale <span class=\"_ _3\"></span>valore \u00e8 stato ponderato d<span class=\"_ _3\"></span>alla data di acquisizione (2 ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio 20<span class=\"_ _1\"></span>24).<span class=\"ff5 fsb\"> </span>9.3 Composizione delle \u201cAltre spese ammi<span class=\"_ _1\"></span>nistrativ<span class=\"_ _0\"></span>e<span class=\"ff2\">\u201d </span><table class=\"s w805 h3bd\" id=\"_db685b86-4fc2-432a-903a-d0980ef93dcb\"><tr><td></td><td class=\"c n x963 y1b01 w806 h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x964 y1b01 w807 h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b02 w808 h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">Voci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x965 y1b02 w809 h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x966 y1b02 w80a h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.12<span class=\"_ _0\"></span>.2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b03 w80b h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">Con<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ulen<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x967 y1b03 w80c h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(7.24<span class=\"_ _0\"></span>4)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x968 y1b03 w80c h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(4.<span class=\"_ _0\"></span>636)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b04 w80d h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">L<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>caz<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e i<span class=\"_ _1\"></span>mmobili<span class=\"_ _3\"></span> e o<span class=\"_ _3\"></span>neri <span class=\"_ _1\"></span>ge<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x969 y1b04 w80e h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>161)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96a y1b04 w80f h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>169<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1819 w810 h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">Serv<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>zi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i o<span class=\"_ _3\"></span>ut<span class=\"_ _3\"></span>sou<span class=\"_ _3\"></span>rcin<span class=\"_ _3\"></span>g<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96b y1819 w811 h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>908)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96c y1819 w812 h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(7.<span class=\"_ _0\"></span>712<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y181a w813 h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">Spe<span class=\"_ _1\"></span>se di <span class=\"_ _3\"></span>ma<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>et<span class=\"_ _3\"></span>ing e co<span class=\"_ _3\"></span>mun<span class=\"_ _3\"></span>ica<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96d y181a w80c h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(7.3<span class=\"_ _0\"></span>51)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96e y181a w80c h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(6.<span class=\"_ _0\"></span>682)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b05 w814 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">Cos<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>r I<span class=\"_ _3\"></span>nf<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>provi<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96f y1b05 w815 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(12.15<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x970 y1b05 w816 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>0.6<span class=\"_ _0\"></span>04)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19f5 w817 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">Cos<span class=\"_ _1\"></span>ti<span class=\"_ _3\"></span> per <span class=\"_ _3\"></span>telefon<span class=\"_ _3\"></span>ia<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>sis<span class=\"_ _3\"></span>temi <span class=\"_ _3\"></span>info<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>matici<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x971 y19f5 w80c h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(9.23<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x972 y19f5 w80f h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>8.1<span class=\"_ _0\"></span>86)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19f6 w818 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>tri co<span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> fun<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ame<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x973 y19f6 w80c h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(6.<span class=\"_ _0\"></span>893)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x974 y19f6 w819 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(4<span class=\"_ _0\"></span>.88<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w81a h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x975 y16d8 w81b h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">(52.<span class=\"_ _0\"></span>938)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x976 y16d8 w81c h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>44.87<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td></tr></table>La voce \u201cAltre spese amminist<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ative<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span> evidenzia <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n saldo di cir<span class=\"_ _1\"></span>ca Euro<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>2,9 m<span class=\"_ _1\"></span>ilioni (Euro 44,9 mili<span class=\"_ _1\"></span>oni al 31 <span class=\"_ _91\"> </span>di<span class=\"_ _1\"></span>cembre <span class=\"_ _21\"> </span>2023); <span class=\"_ _21\"> </span>l\u2019incremento <span class=\"_ _21\"> </span>\u00e8 <span class=\"_ _91\"> </span>p<span class=\"_ _1\"></span>rincipal<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _21\"> </span>attribuibile <span class=\"_ _21\"> </span>a <span class=\"_ _21\"> </span>(i) <span class=\"_ _21\"> </span>maggiori <span class=\"_ _21\"> </span>consulenze, <span class=\"_ _3\"></span> prevalentemente<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>straordinarie, <span class=\"_ _0\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>acquisizioni societarie <span class=\"_ _0\"></span>effettuate nell<span class=\"_ _0\"></span>\u2019e<span class=\"_ _3\"></span>sercizio <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>l\u2019OPA <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> circa <span class=\"_ _f\"> </span>Euro <span class=\"_ _6\"></span>2,6 <span class=\"_ _f\"> </span>milioni, <span class=\"_ _6\"></span>(ii) <span class=\"_ _f\"></span>mag<span class=\"_ _1\"></span>giori <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>osti <span class=\"_ _6\"></span>commerciali <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>marketi<span class=\"_ _1\"></span>ng <span class=\"_ _f\"> </span>per <span class=\"_ _6\"></span>circa <span class=\"_ _f\"> </span>Euro <span class=\"_ _6\"></span>0,7<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>milioni, <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>iii)<span class=\"_ _3\"></span> maggiori <span class=\"_ _e\"> </span>costi <span class=\"_ _19\"> </span>per <span class=\"_ _e\"> </span>i <span class=\"_ _19\"> </span>sistemi <span class=\"_ _e\"> </span>informatici <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>ir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a <span class=\"_ _e\"> </span>Euro <span class=\"_ _19\"> </span>1 <span class=\"_ _e\"> </span>milione, <span class=\"_ _e\"> </span>(<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>v) <span class=\"_ _e\"> </span>m<span class=\"_ _0\"></span>ag<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>iori <span class=\"_ _e\"> </span>altri <span class=\"_ _19\"> </span>costi <span class=\"_ _e\"> </span>di funzionamento per <span class=\"_ _1\"></span>circa Euro 2 mili<span class=\"_ _1\"></span>oni e (v) maggio<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i costi p<span class=\"_ _1\"></span>er info provider pe<span class=\"_ _1\"></span>r circa Euro 1,5 milioni.<span class=\"_ _3\"></span> Il <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntributo <span class=\"_ _0\"></span>complessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>voce <span class=\"_ _0\"></span>\u201cAltre <span class=\"_ _0\"></span>spese <span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>nistrative<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa Euro 5 milioni.<span class=\"ff3 fsb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-518": {
   "value": "S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 9<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>40 9.1 Spese per <span class=\"_ _0\"></span>il <span class=\"_ _1\"></span>personale: composizione <table class=\"s w7d5 h3b9\" id=\"_700a225b-d4d7-4e91-8d7b-c92d4ba3dac0\"><tr><td class=\"c n x93a y1ae7 w7d6 h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">Voci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93b y1ae7 w7d7 h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _0\"></span>le 31.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93c y1ae7 w7d8 h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> 31.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ae8 w7d9 h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">1.<span class=\"_ _15\"> </span>P<span class=\"_ _0\"></span>ers<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>nale di<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>te<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93d y1ae8 w7da h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(12<span class=\"_ _0\"></span>1.541)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93e y1ae8 w7db h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>4.211<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1aea w7dc h3bb\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">a) salari <span class=\"_ _1\"></span>e s<span class=\"_ _1\"></span>tip<span class=\"_ _3\"></span>end<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93f y1aea w7dd h3bb\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(59.<span class=\"_ _0\"></span>16<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x940 y1aea w7de h3bb\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(3<span class=\"_ _0\"></span>9.1<span class=\"_ _0\"></span>11)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1aeb w7df h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">b) on<span class=\"_ _1\"></span>eri <span class=\"_ _3\"></span>soci<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x941 y1aeb w7e0 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(13.<span class=\"_ _0\"></span>630)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x942 y1aeb w7e1 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(9.<span class=\"_ _0\"></span>885<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x943 h105 y1aec ff2 fs60 fc1 sc0 ls0 ws0\">c) <span class=\"_ _1\"></span>in<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enn<span class=\"_ _3\"></span>it\u00e0 di fin<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>orto<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x93a y1aed w7e2 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">d) sp<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>e p<span class=\"_ _1\"></span>rev<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enziali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x944 y1aed w7e3 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(1.<span class=\"_ _0\"></span>406)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x945 y1aed w7e3 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(1.0<span class=\"_ _0\"></span>24)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1aee w7e4 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">e) acca<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ton<span class=\"_ _3\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>to <span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> trattament<span class=\"_ _3\"></span>o di fi<span class=\"_ _1\"></span>ne rapp<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el pe<span class=\"_ _1\"></span>rson<span class=\"_ _3\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x946 y1aee w7e5 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(4<span class=\"_ _1\"></span>12)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x947 y1aee w7e6 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>91)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1aef w7e7 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">f) acca<span class=\"_ _0\"></span>nt<span class=\"_ _3\"></span>onamen<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> al fon<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>tra<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>tament<span class=\"_ _3\"></span>o di qu<span class=\"_ _1\"></span>iescen<span class=\"_ _1\"></span>za e obb<span class=\"_ _0\"></span>li<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>i s<span class=\"_ _3\"></span>imil<span class=\"_ _3\"></span>i:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x948 y1aef w7e8 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x949 y1aef w7e8 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x943 h105 y1af0 ff2 fs60 fc1 sc0 ls0 ws0\">- a con<span class=\"_ _3\"></span>tribuzio<span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>efini<span class=\"_ _1\"></span>ta<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"t m1d x943 h105 y1af1 ff2 fs60 fc1 sc0 ls0 ws0\">- a benefici defini<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x93a y1af2 w7e9 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">g) versame<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> ai fon<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> di p<span class=\"_ _1\"></span>rev<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enza comp<span class=\"_ _3\"></span>leme<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>tar<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>erni:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94a y1af2 w7ea h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>4.<span class=\"_ _0\"></span>309)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94b y1af2 w7e3 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>684)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1af3 w7eb h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">- a con<span class=\"_ _3\"></span>tribuzio<span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>efini<span class=\"_ _1\"></span>ta<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94c y1af3 w7ec h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(4.30<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94d y1af3 w7ed h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>684<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x943 h105 y1af4 ff2 fs60 fc1 sc0 ls0 ws0\">- a benefici defini<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x93a y1af5 w7ee h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">h<span class=\"_ _3\"></span>) a<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> be<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>efici <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> fa<span class=\"_ _0\"></span>vo<span class=\"_ _1\"></span>re d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ip<span class=\"_ _1\"></span>endent<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94e y1af5 w7e0 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(42.<span class=\"_ _0\"></span>618)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94f y1af5 w7ef h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(11.3<span class=\"_ _0\"></span>16)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1af6 w7f0 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">2. <span class=\"_ _a\"> </span>Al<span class=\"_ _0\"></span>tro person<span class=\"_ _0\"></span>ale in at<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>\u00e0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x950 y1af6 w7f1 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(433)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x951 y1af6 w7f2 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(140<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1af7 w7f3 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">3. <span class=\"_ _a\"> </span>Amm<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>ri e <span class=\"_ _1\"></span>Sin<span class=\"_ _0\"></span>daci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x952 y1af7 w7f4 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>.836)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x953 y1af7 w7f5 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(2.5<span class=\"_ _0\"></span>30)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x41c h104 y1af8 ff3 fs60 fc1 sc0 ls0 ws0\">4.<span class=\"_ _15\"> </span>P<span class=\"_ _0\"></span>ers<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>nale col<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>cato<span class=\"_ _0\"></span> a<span class=\"_ _1\"></span> ri<span class=\"_ _0\"></span>poso<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1af9 w7f6 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">5. <span class=\"_ _a\"> </span>Recuperi<span class=\"_ _0\"></span> di spes<span class=\"_ _1\"></span>a per di<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i di<span class=\"_ _0\"></span>staccati<span class=\"_ _0\"></span> pres<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span> alt<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span> azie<span class=\"_ _0\"></span>nde<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x954 y1af9 w7f7 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">123<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x955 y1af9 w7f7 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">119<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x41c h104 y1afa ff3 fs60 fc1 sc0 ls0 ws0\">6. <span class=\"_ _a\"> </span>Rimbo<span class=\"_ _0\"></span>rs<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i spes<span class=\"_ _1\"></span>a per di<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i di<span class=\"_ _0\"></span>staccati<span class=\"_ _0\"></span> pres<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span> la s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet\u00e0<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x93a y16d8 w7f8 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x956 y16d8 w7f9 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(127.68<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x957 y16d8 w7fa h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(66.<span class=\"_ _0\"></span>762)<span class=\"_ _4a1\"> </span></div></td></tr></table>La <span class=\"_ _f\"> </span>voce <span class=\"_ _f\"> </span>\u201cSpese <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>personale\u201d <span class=\"_ _f\"> </span>evide<span class=\"_ _1\"></span>nzia <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>saldo <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>127,<span class=\"_ _1\"></span>7 <span class=\"_ _f\"> </span>mi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ioni <span class=\"_ _f\"> </span>(Euro <span class=\"_ _f\"></span>66,8 <span class=\"_ _f\"> </span>mili<span class=\"_ _1\"></span>oni  a<span class=\"_ _1\"></span>l <span class=\"_ _f\"> </span>31 dicembre <span class=\"_ _b\"></span>2023) <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>comprende <span class=\"_ _b\"></span>pr<span class=\"_ _1\"></span>incipalmente <span class=\"_ _0\"></span>(i) <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>costi <span class=\"_ _0\"></span>complessivi <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>fe<span class=\"_ _1\"></span>riti <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>personale<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>dipendente<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>e agli <span class=\"_ _0\"></span>Ammini<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>ratori <span class=\"_ _b\"></span>(comp<span class=\"_ _1\"></span>onente <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ssa) <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>d <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>Collegio <span class=\"_ _0\"></span>Sindacale <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8,9 <span class=\"_ _0\"></span>milioni, <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>costi rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>alla <span class=\"_ _0\"></span>compon<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>remunerazione <span class=\"_ _b\"></span>variabile<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>sonale <span class=\"_ _0\"></span>dipendente <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>Ammi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ist<span class=\"_ _1\"></span>ratori per circa Euro 25,4 milioni e (iii) i costi riferiti ai pia<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i di LTIP, iscritti nel<span class=\"_ _1\"></span>la sottovoce \u201ch) altr<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>benefici a favore <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>dipendenti\u201d <span class=\"_ _3\"></span>sono pa<span class=\"_ _1\"></span>ri <span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>ci<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ca <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro 35<span class=\"_ _1\"></span>,9 <span class=\"_ _1\"></span>milioni, <span class=\"_ _3\"></span>in aume<span class=\"_ _1\"></span>nto <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>circa <span class=\"_ _3\"></span>Euro <span class=\"_ _1\"></span>32,4 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ispetto<span class=\"_ _3\"></span> all\u2019esercizio <span class=\"_ _c\"> </span>precede<span class=\"_ _1\"></span>nte <span class=\"_ _c\"> </span>in <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rrelazione <span class=\"_ _211\"> </span>all\u2019accelerazione <span class=\"_ _211\"> </span>dei <span class=\"_ _c\"> </span>Piani <span class=\"_ _c\"> </span>in  c<span class=\"_ _0\"></span>onse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uenza<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>dell\u2019OPA <span class=\"_ _211\"> </span>su<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a Societ\u00e0 (si <span class=\"_ _1\"></span>rimanda alla N<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ta i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teg<span class=\"_ _1\"></span>rativa Consolidat<span class=\"_ _3\"></span>a \u201cPar<span class=\"_ _0\"></span>te A <span class=\"_ _3\"></span>\u2013 <span class=\"_ _0\"></span>P<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>che <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>ontabil<span class=\"_ _1\"></span>i - A.2 Pa<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>relativa alle <span class=\"_ _0\"></span>pri<span class=\"_ _1\"></span>nci<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>li voci <span class=\"_ _0\"></span>di bilancio \u2013 <span class=\"_ _0\"></span>Altre informazioni \u2013 Long<span class=\"_ _0\"></span> Term Incentive Pl<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>\u201cLTIP\u201d\u201d <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i dettagli<span class=\"_ _0\"></span> e i principi contabili adottati)<span class=\"_ _3\"></span>. Il contributo di Kair<span class=\"_ _1\"></span>os SGR alla vo<span class=\"_ _1\"></span>ce \u201cspese pe<span class=\"_ _1\"></span>r il<span class=\"_ _0\"></span> pe<span class=\"_ _3\"></span>rsonale\u201d \u00e8 pari a circa E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ro 21,2 mil<span class=\"_ _1\"></span>ioni.<span class=\"_ _4a1\"> </span>9.2 Numero <span class=\"_ _0\"></span>medio<span class=\"_ _1\"></span> dei dipendenti ripartiti per c<span class=\"_ _0\"></span>ategoria<span class=\"_ _3\"></span> <table class=\"s w7fb h3bc\" id=\"_cde661fc-ed2c-481c-abd9-d920874298b9\"><tr><td></td><td class=\"c n x958 y1afb w7fc h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">N. <span class=\"_ _0\"></span>medi<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x959 y1afb w7fd h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">N.<span class=\"_ _0\"></span> medio<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m24 x95a h106 y1afc ff3 fs61 fc1 sc0 ls0 ws0\">Pe<span class=\"_ _0\"></span>rson<span class=\"_ _3\"></span>ale di<span class=\"_ _1\"></span>pen<span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>te<span class=\"_ _4a1\"> </span></td><td class=\"c n x95b y1afd w7fe h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x95c y1afd w7fe h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x406 y1afe w7ff h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">a) dirige<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x95d y1afe w800 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">98<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x95e y1afe w800 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x406 y1aff w801 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">b) altr<span class=\"_ _3\"></span>o personale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x95f y1aff w802 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">39<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x960 y1aff w803 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x406 y1b00 w804 h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x961 y1b00 w803 h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>94<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x962 y1b00 w803 h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">37<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr></table>Il <span class=\"_ _0\"></span>numero <span class=\"_ _0\"></span>medio <span class=\"_ _0\"></span>dei<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>nden<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> di <span class=\"_ _b\"></span>Kai<span class=\"_ _1\"></span>ros <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>nell\u2019ese<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>iz<span class=\"_ _3\"></span>io <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>stato<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>complessivamente <span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>a c<span class=\"_ _0\"></span>irca 8<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span> risorse; nella tabella tale <span class=\"_ _3\"></span>valore \u00e8 stato ponderato d<span class=\"_ _3\"></span>alla data di acquisizione (2 ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio 20<span class=\"_ _1\"></span>24).<span class=\"ff5 fsb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-493": {
   "value": "S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 9<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>40 9.1 Spese per <span class=\"_ _0\"></span>il <span class=\"_ _1\"></span>personale: composizione <table class=\"s w7d5 h3b9\" id=\"_700a225b-d4d7-4e91-8d7b-c92d4ba3dac0\"><tr><td class=\"c n x93a y1ae7 w7d6 h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">Voci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93b y1ae7 w7d7 h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">Tota<span class=\"_ _0\"></span>le 31.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93c y1ae7 w7d8 h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span> 31.1<span class=\"_ _0\"></span>2.202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1ae8 w7d9 h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">1.<span class=\"_ _15\"> </span>P<span class=\"_ _0\"></span>ers<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>nale di<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>te<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93d y1ae8 w7da h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(12<span class=\"_ _0\"></span>1.541)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93e y1ae8 w7db h3ba\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(6<span class=\"_ _0\"></span>4.211<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1aea w7dc h3bb\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">a) salari <span class=\"_ _1\"></span>e s<span class=\"_ _1\"></span>tip<span class=\"_ _3\"></span>end<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x93f y1aea w7dd h3bb\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(59.<span class=\"_ _0\"></span>16<span class=\"_ _0\"></span>6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x940 y1aea w7de h3bb\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(3<span class=\"_ _0\"></span>9.1<span class=\"_ _0\"></span>11)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1aeb w7df h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">b) on<span class=\"_ _1\"></span>eri <span class=\"_ _3\"></span>soci<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x941 y1aeb w7e0 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(13.<span class=\"_ _0\"></span>630)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x942 y1aeb w7e1 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(9.<span class=\"_ _0\"></span>885<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x943 h105 y1aec ff2 fs60 fc1 sc0 ls0 ws0\">c) <span class=\"_ _1\"></span>in<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enn<span class=\"_ _3\"></span>it\u00e0 di fin<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>app<span class=\"_ _3\"></span>orto<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x93a y1aed w7e2 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">d) sp<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>e p<span class=\"_ _1\"></span>rev<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enziali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x944 y1aed w7e3 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(1.<span class=\"_ _0\"></span>406)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x945 y1aed w7e3 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(1.0<span class=\"_ _0\"></span>24)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1aee w7e4 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">e) acca<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ton<span class=\"_ _3\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>to <span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> trattament<span class=\"_ _3\"></span>o di fi<span class=\"_ _1\"></span>ne rapp<span class=\"_ _1\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el pe<span class=\"_ _1\"></span>rson<span class=\"_ _3\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x946 y1aee w7e5 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(4<span class=\"_ _1\"></span>12)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x947 y1aee w7e6 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>91)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1aef w7e7 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">f) acca<span class=\"_ _0\"></span>nt<span class=\"_ _3\"></span>onamen<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> al fon<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>tra<span class=\"_ _0\"></span>t<span class=\"_ _1\"></span>tament<span class=\"_ _3\"></span>o di qu<span class=\"_ _1\"></span>iescen<span class=\"_ _1\"></span>za e obb<span class=\"_ _0\"></span>li<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>h<span class=\"_ _3\"></span>i s<span class=\"_ _3\"></span>imil<span class=\"_ _3\"></span>i:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x948 y1aef w7e8 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x949 y1aef w7e8 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x943 h105 y1af0 ff2 fs60 fc1 sc0 ls0 ws0\">- a con<span class=\"_ _3\"></span>tribuzio<span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>efini<span class=\"_ _1\"></span>ta<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"t m1d x943 h105 y1af1 ff2 fs60 fc1 sc0 ls0 ws0\">- a benefici defini<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x93a y1af2 w7e9 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">g) versame<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span> ai fon<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> di p<span class=\"_ _1\"></span>rev<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>enza comp<span class=\"_ _3\"></span>leme<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>tar<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>erni:<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94a y1af2 w7ea h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>4.<span class=\"_ _0\"></span>309)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94b y1af2 w7e3 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>684)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x93a y1af3 w7eb h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">- a con<span class=\"_ _3\"></span>tribuzio<span class=\"_ _3\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>efini<span class=\"_ _1\"></span>ta<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94c y1af3 w7ec h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(4.30<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94d y1af3 w7ed h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>684<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x943 h105 y1af4 ff2 fs60 fc1 sc0 ls0 ws0\">- a benefici defini<span class=\"_ _3\"></span>ti<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x93a y1af5 w7ee h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">h<span class=\"_ _3\"></span>) a<span class=\"_ _0\"></span>lt<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> be<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>efici <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> fa<span class=\"_ _0\"></span>vo<span class=\"_ _1\"></span>re d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ip<span class=\"_ _1\"></span>endent<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94e y1af5 w7e0 h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(42.<span class=\"_ _0\"></span>618)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x94f y1af5 w7ef h359\"><div class=\"t m1d x17f h105 y1ae9 ff2 fs60 fc1 sc0 ls0 ws0\">(11.3<span class=\"_ _0\"></span>16)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1af6 w7f0 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">2. <span class=\"_ _a\"> </span>Al<span class=\"_ _0\"></span>tro person<span class=\"_ _0\"></span>ale in at<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>\u00e0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x950 y1af6 w7f1 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(433)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x951 y1af6 w7f2 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(140<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1af7 w7f3 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">3. <span class=\"_ _a\"> </span>Amm<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ato<span class=\"_ _0\"></span>ri e <span class=\"_ _1\"></span>Sin<span class=\"_ _0\"></span>daci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x952 y1af7 w7f4 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>.836)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x953 y1af7 w7f5 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(2.5<span class=\"_ _0\"></span>30)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x41c h104 y1af8 ff3 fs60 fc1 sc0 ls0 ws0\">4.<span class=\"_ _15\"> </span>P<span class=\"_ _0\"></span>ers<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>nale col<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>cato<span class=\"_ _0\"></span> a<span class=\"_ _1\"></span> ri<span class=\"_ _0\"></span>poso<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1af9 w7f6 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">5. <span class=\"_ _a\"> </span>Recuperi<span class=\"_ _0\"></span> di spes<span class=\"_ _1\"></span>a per di<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i di<span class=\"_ _0\"></span>staccati<span class=\"_ _0\"></span> pres<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span> alt<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span> azie<span class=\"_ _0\"></span>nde<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x954 y1af9 w7f7 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">123<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x955 y1af9 w7f7 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">119<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1d x41c h104 y1afa ff3 fs60 fc1 sc0 ls0 ws0\">6. <span class=\"_ _a\"> </span>Rimbo<span class=\"_ _0\"></span>rs<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i spes<span class=\"_ _1\"></span>a per di<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>i di<span class=\"_ _0\"></span>staccati<span class=\"_ _0\"></span> pres<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span> la s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet\u00e0<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x93a y16d8 w7f8 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x956 y16d8 w7f9 h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(127.68<span class=\"_ _0\"></span>7)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x957 y16d8 w7fa h34e\"><div class=\"t m1d x17f h104 y1ae6 ff3 fs60 fc1 sc0 ls0 ws0\">(66.<span class=\"_ _0\"></span>762)<span class=\"_ _4a1\"> </span></div></td></tr></table>La <span class=\"_ _f\"> </span>voce <span class=\"_ _f\"> </span>\u201cSpese <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>personale\u201d <span class=\"_ _f\"> </span>evide<span class=\"_ _1\"></span>nzia <span class=\"_ _f\"> </span>un <span class=\"_ _f\"> </span>saldo <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>Euro <span class=\"_ _f\"> </span>127,<span class=\"_ _1\"></span>7 <span class=\"_ _f\"> </span>mi<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ioni <span class=\"_ _f\"> </span>(Euro <span class=\"_ _f\"></span>66,8 <span class=\"_ _f\"> </span>mili<span class=\"_ _1\"></span>oni  a<span class=\"_ _1\"></span>l <span class=\"_ _f\"> </span>31 dicembre <span class=\"_ _b\"></span>2023) <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>comprende <span class=\"_ _b\"></span>pr<span class=\"_ _1\"></span>incipalmente <span class=\"_ _0\"></span>(i) <span class=\"_ _b\"></span>i <span class=\"_ _b\"></span>costi <span class=\"_ _0\"></span>complessivi <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>fe<span class=\"_ _1\"></span>riti <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>personale<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>dipendente<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>e agli <span class=\"_ _0\"></span>Ammini<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>ratori <span class=\"_ _b\"></span>(comp<span class=\"_ _1\"></span>onente <span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ssa) <span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>d <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>Collegio <span class=\"_ _0\"></span>Sindacale <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>circa <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8,9 <span class=\"_ _0\"></span>milioni, <span class=\"_ _0\"></span>(ii) <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>costi rif<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>alla <span class=\"_ _0\"></span>compon<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>remunerazione <span class=\"_ _b\"></span>variabile<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>sonale <span class=\"_ _0\"></span>dipendente <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>Ammi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ist<span class=\"_ _1\"></span>ratori per circa Euro 25,4 milioni e (iii) i costi riferiti ai pia<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i di LTIP, iscritti nel<span class=\"_ _1\"></span>la sottovoce \u201ch) altr<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>benefici a favore <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>dipendenti\u201d <span class=\"_ _3\"></span>sono pa<span class=\"_ _1\"></span>ri <span class=\"_ _1\"></span>a <span class=\"_ _3\"></span>ci<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ca <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro 35<span class=\"_ _1\"></span>,9 <span class=\"_ _1\"></span>milioni, <span class=\"_ _3\"></span>in aume<span class=\"_ _1\"></span>nto <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>circa <span class=\"_ _3\"></span>Euro <span class=\"_ _1\"></span>32,4 <span class=\"_ _3\"></span>milioni <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ispetto<span class=\"_ _3\"></span> all\u2019esercizio <span class=\"_ _c\"> </span>precede<span class=\"_ _1\"></span>nte <span class=\"_ _c\"> </span>in <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rrelazione <span class=\"_ _211\"> </span>all\u2019accelerazione <span class=\"_ _211\"> </span>dei <span class=\"_ _c\"> </span>Piani <span class=\"_ _c\"> </span>in  c<span class=\"_ _0\"></span>onse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uenza<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>dell\u2019OPA <span class=\"_ _211\"> </span>su<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a Societ\u00e0 (si <span class=\"_ _1\"></span>rimanda alla N<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ta i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>teg<span class=\"_ _1\"></span>rativa Consolidat<span class=\"_ _3\"></span>a \u201cPar<span class=\"_ _0\"></span>te A <span class=\"_ _3\"></span>\u2013 <span class=\"_ _0\"></span>P<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lit<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>che <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>ontabil<span class=\"_ _1\"></span>i - A.2 Pa<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>relativa alle <span class=\"_ _0\"></span>pri<span class=\"_ _1\"></span>nci<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>li voci <span class=\"_ _0\"></span>di bilancio \u2013 <span class=\"_ _0\"></span>Altre informazioni \u2013 Long<span class=\"_ _0\"></span> Term Incentive Pl<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n <span class=\"_ _0\"></span>\u201cLTIP\u201d\u201d <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>i dettagli<span class=\"_ _0\"></span> e i principi contabili adottati)<span class=\"_ _3\"></span>. Il contributo di Kair<span class=\"_ _1\"></span>os SGR alla vo<span class=\"_ _1\"></span>ce \u201cspese pe<span class=\"_ _1\"></span>r il<span class=\"_ _0\"></span> pe<span class=\"_ _3\"></span>rsonale\u201d \u00e8 pari a circa E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ro 21,2 mil<span class=\"_ _1\"></span>ioni.<span class=\"_ _4a1\"> </span>9.2 Numero <span class=\"_ _0\"></span>medio<span class=\"_ _1\"></span> dei dipendenti ripartiti per c<span class=\"_ _0\"></span>ategoria<span class=\"_ _3\"></span> <table class=\"s w7fb h3bc\" id=\"_cde661fc-ed2c-481c-abd9-d920874298b9\"><tr><td></td><td class=\"c n x958 y1afb w7fc h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">N. <span class=\"_ _0\"></span>medi<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x959 y1afb w7fd h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">N.<span class=\"_ _0\"></span> medio<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m24 x95a h106 y1afc ff3 fs61 fc1 sc0 ls0 ws0\">Pe<span class=\"_ _0\"></span>rson<span class=\"_ _3\"></span>ale di<span class=\"_ _1\"></span>pen<span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>te<span class=\"_ _4a1\"> </span></td><td class=\"c n x95b y1afd w7fe h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">20<span class=\"_ _0\"></span>24<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x95c y1afd w7fe h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">20<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x406 y1afe w7ff h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">a) dirige<span class=\"_ _3\"></span>nti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x95d y1afe w800 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">98<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x95e y1afe w800 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">65<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x406 y1aff w801 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">b) altr<span class=\"_ _3\"></span>o personale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x95f y1aff w802 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">39<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x960 y1aff w803 h369\"><div class=\"t m24 x17f h107 y1890 ff2 fs61 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x406 y1b00 w804 h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x961 y1b00 w803 h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>94<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x962 y1b00 w803 h369\"><div class=\"t m24 x17f h106 y182a ff3 fs61 fc1 sc0 ls0 ws0\">37<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr></table>Il <span class=\"_ _0\"></span>numero <span class=\"_ _0\"></span>medio <span class=\"_ _0\"></span>dei<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>nden<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> di <span class=\"_ _b\"></span>Kai<span class=\"_ _1\"></span>ros <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>nell\u2019ese<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>iz<span class=\"_ _3\"></span>io <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>stato<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>complessivamente <span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>i <span class=\"_ _b\"></span>a c<span class=\"_ _0\"></span>irca 8<span class=\"_ _0\"></span>9<span class=\"_ _1\"></span> risorse; nella tabella tale <span class=\"_ _3\"></span>valore \u00e8 stato ponderato d<span class=\"_ _3\"></span>alla data di acquisizione (2 ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio 20<span class=\"_ _1\"></span>24).<span class=\"ff5 fsb\"> </span>9.3 Composizione delle \u201cAltre spese ammi<span class=\"_ _1\"></span>nistrativ<span class=\"_ _0\"></span>e<span class=\"ff2\">\u201d </span><table class=\"s w805 h3bd\" id=\"_db685b86-4fc2-432a-903a-d0980ef93dcb\"><tr><td></td><td class=\"c n x963 y1b01 w806 h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x964 y1b01 w807 h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>le<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b02 w808 h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">Voci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x965 y1b02 w809 h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">31.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x966 y1b02 w80a h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.12<span class=\"_ _0\"></span>.2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b03 w80b h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">Con<span class=\"_ _1\"></span>s<span class=\"_ _3\"></span>ulen<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x967 y1b03 w80c h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(7.24<span class=\"_ _0\"></span>4)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x968 y1b03 w80c h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(4.<span class=\"_ _0\"></span>636)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b04 w80d h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">L<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>caz<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>e i<span class=\"_ _1\"></span>mmobili<span class=\"_ _3\"></span> e o<span class=\"_ _3\"></span>neri <span class=\"_ _1\"></span>ge<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ti<span class=\"_ _1\"></span>on<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x969 y1b04 w80e h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>161)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96a y1b04 w80f h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(2.<span class=\"_ _0\"></span>169<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1819 w810 h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">Serv<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>zi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i o<span class=\"_ _3\"></span>ut<span class=\"_ _3\"></span>sou<span class=\"_ _3\"></span>rcin<span class=\"_ _3\"></span>g<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96b y1819 w811 h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>908)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96c y1819 w812 h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(7.<span class=\"_ _0\"></span>712<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y181a w813 h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">Spe<span class=\"_ _1\"></span>se di <span class=\"_ _3\"></span>ma<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>et<span class=\"_ _3\"></span>ing e co<span class=\"_ _3\"></span>mun<span class=\"_ _3\"></span>ica<span class=\"_ _0\"></span>zio<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96d y181a w80c h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(7.3<span class=\"_ _0\"></span>51)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96e y181a w80c h36c\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(6.<span class=\"_ _0\"></span>682)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b05 w814 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">Cos<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span> p<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>r I<span class=\"_ _3\"></span>nf<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>provi<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x96f y1b05 w815 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(12.15<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x970 y1b05 w816 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>0.6<span class=\"_ _0\"></span>04)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19f5 w817 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">Cos<span class=\"_ _1\"></span>ti<span class=\"_ _3\"></span> per <span class=\"_ _3\"></span>telefon<span class=\"_ _3\"></span>ia<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>sis<span class=\"_ _3\"></span>temi <span class=\"_ _3\"></span>info<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>matici<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x971 y19f5 w80c h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(9.23<span class=\"_ _0\"></span>0)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x972 y19f5 w80f h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>8.1<span class=\"_ _0\"></span>86)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y19f6 w818 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>tri co<span class=\"_ _3\"></span>st<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> fun<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>on<span class=\"_ _1\"></span>ame<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>to<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x973 y19f6 w80c h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(6.<span class=\"_ _0\"></span>893)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x974 y19f6 w819 h36d\"><div class=\"t m34 x17f hd6 y1817 ff2 fs4b fc1 sc0 ls0 ws0\">(4<span class=\"_ _0\"></span>.88<span class=\"_ _0\"></span>2)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w81a h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x975 y16d8 w81b h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">(52.<span class=\"_ _0\"></span>938)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x976 y16d8 w81c h368\"><div class=\"t m34 x17f hd5 y1815 ff3 fs4b fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>44.87<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td></tr></table>La voce \u201cAltre spese amminist<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ative<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span> evidenzia <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n saldo di cir<span class=\"_ _1\"></span>ca Euro<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>2,9 m<span class=\"_ _1\"></span>ilioni (Euro 44,9 mili<span class=\"_ _1\"></span>oni al 31 <span class=\"_ _91\"> </span>di<span class=\"_ _1\"></span>cembre <span class=\"_ _21\"> </span>2023); <span class=\"_ _21\"> </span>l\u2019incremento <span class=\"_ _21\"> </span>\u00e8 <span class=\"_ _91\"> </span>p<span class=\"_ _1\"></span>rincipal<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ente <span class=\"_ _21\"> </span>attribuibile <span class=\"_ _21\"> </span>a <span class=\"_ _21\"> </span>(i) <span class=\"_ _21\"> </span>maggiori <span class=\"_ _21\"> </span>consulenze, <span class=\"_ _3\"></span> prevalentemente<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>straordinarie, <span class=\"_ _0\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>acquisizioni societarie <span class=\"_ _0\"></span>effettuate nell<span class=\"_ _0\"></span>\u2019e<span class=\"_ _3\"></span>sercizio <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>l\u2019OPA <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> circa <span class=\"_ _f\"> </span>Euro <span class=\"_ _6\"></span>2,6 <span class=\"_ _f\"> </span>milioni, <span class=\"_ _6\"></span>(ii) <span class=\"_ _f\"></span>mag<span class=\"_ _1\"></span>giori <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>osti <span class=\"_ _6\"></span>commerciali <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>marketi<span class=\"_ _1\"></span>ng <span class=\"_ _f\"> </span>per <span class=\"_ _6\"></span>circa <span class=\"_ _f\"> </span>Euro <span class=\"_ _6\"></span>0,7<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>milioni, <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>iii)<span class=\"_ _3\"></span> maggiori <span class=\"_ _e\"> </span>costi <span class=\"_ _19\"> </span>per <span class=\"_ _e\"> </span>i <span class=\"_ _19\"> </span>sistemi <span class=\"_ _e\"> </span>informatici <span class=\"_ _e\"> </span>per <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>ir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a <span class=\"_ _e\"> </span>Euro <span class=\"_ _19\"> </span>1 <span class=\"_ _e\"> </span>milione, <span class=\"_ _e\"> </span>(<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>v) <span class=\"_ _e\"> </span>m<span class=\"_ _0\"></span>ag<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>iori <span class=\"_ _e\"> </span>altri <span class=\"_ _19\"> </span>costi <span class=\"_ _e\"> </span>di funzionamento per <span class=\"_ _1\"></span>circa Euro 2 mili<span class=\"_ _1\"></span>oni e (v) maggio<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i costi p<span class=\"_ _1\"></span>er info provider pe<span class=\"_ _1\"></span>r circa Euro 1,5 milioni.<span class=\"_ _3\"></span> Il <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntributo <span class=\"_ _0\"></span>complessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>voce <span class=\"_ _0\"></span>\u201cAltre <span class=\"_ _0\"></span>spese <span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>mi<span class=\"_ _0\"></span>nistrative<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Kairos <span class=\"_ _0\"></span>SGR <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>circa Euro 5 milioni.<span class=\"ff3 fsb\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-43": {
   "value": "S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span> \u2013<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Ac<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nto<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 1<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0 10.1 Composizione della voce 150 \u201cAc<span class=\"_ _0\"></span>cantona<span class=\"_ _1\"></span>menti netti ai fondi per r<span class=\"_ _0\"></span>ischi e oneri\u201d <span class=\"_ _8\"></span> <table class=\"s w81d h3be\" id=\"_93dd0c75-ff38-409f-88cf-dbba3ee1c84f\"><tr><td></td><td class=\"c n x978 y1b07 w81e h368\"><div class=\"t m35 x17f h109 y1b06 ff3 fs62 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x979 y1b07 w81f h368\"><div class=\"t m35 x17f h109 y1b06 ff3 fs62 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b08 w820 h368\"><div class=\"t m35 x17f h109 y1b06 ff3 fs62 fc6 sc0 ls0 ws0\">Voci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x97a y1b08 w821 h368\"><div class=\"t m35 x17f h109 y1b06 ff3 fs62 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.12.<span class=\"_ _0\"></span>2024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x97b y1b08 w822 h368\"><div class=\"t m35 x17f h109 y1b06 ff3 fs62 fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12.2<span class=\"_ _0\"></span>023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b0a w823 h37b\"><div class=\"t m35 x17f h10a y1b09 ff2 fs62 fc1 sc0 ls0 ws0\">In<span class=\"_ _3\"></span>cre<span class=\"_ _0\"></span>ment<span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>per<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>cca<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>to<span class=\"_ _3\"></span>nament<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x97c y1b0a w824 h37b\"><div class=\"t m35 x17f h10a y1b09 ff2 fs62 fc1 sc0 ls0 ws0\">(4<span class=\"_ _0\"></span>80)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x97d y1b0a w824 h37b\"><div class=\"t m35 x17f h10a y1b09 ff2 fs62 fc1 sc0 ls0 ws0\">(142<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b0b w825 h37b\"><div class=\"t m35 x17f h10a y1b09 ff2 fs62 fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>tre va<span class=\"_ _0\"></span>riazion<span class=\"_ _3\"></span>i<span class=\"_ _1\"></span> (eff<span class=\"_ _0\"></span>et<span class=\"_ _3\"></span>to <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>tt<span class=\"_ _1\"></span>u<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>e)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x97e y1b0b w826 h37b\"><div class=\"t m35 x17f h10a y1b09 ff2 fs62 fc1 sc0 ls0 ws0\">(6)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x97f y1b0b w827 h37b\"><div class=\"t m35 x17f h10a y1b09 ff2 fs62 fc1 sc0 ls0 ws0\">(3<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b0c w828 h37b\"><div class=\"t m35 x17f h10a y1b09 ff2 fs62 fc1 sc0 ls0 ws0\">Ril<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> per s<span class=\"_ _3\"></span>tra<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>ci o<span class=\"_ _3\"></span> ri<span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>uzi<span class=\"_ _3\"></span>on<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x980 y1b0c w829 h37b\"><div class=\"t m35 x17f h10a y1b09 ff2 fs62 fc1 sc0 ls0 ws0\">686<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x981 y1b0c w82a h37b\"><div class=\"t m35 x17f h10a y1b09 ff2 fs62 fc1 sc0 ls0 ws0\">45<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w82b h368\"><div class=\"t m35 x17f h109 y1b06 ff3 fs62 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x982 y16d8 w82a h368\"><div class=\"t m35 x17f h109 y1b06 ff3 fs62 fc1 sc0 ls0 ws0\">19<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x983 y16d8 w82c h368\"><div class=\"t m35 x17f h109 y1b06 ff3 fs62 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>10<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella <span class=\"_ _f5\"> </span>tabella <span class=\"_ _91\"> </span>so<span class=\"_ _0\"></span>pra <span class=\"_ _f5\"> </span>esp<span class=\"_ _3\"></span>osta, <span class=\"_ _f5\"> </span>gli <span class=\"_ _f5\"> </span>incrementi <span class=\"_ _91\"> </span>dell\u2019esercizio <span class=\"_ _91\"> </span>sono <span class=\"_ _ce\"> </span>p<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>cipalmente <span class=\"_ _91\"> </span>rif<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>riti <span class=\"_ _f5\"> </span>ad accantonamenti per f<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>onteggiare <span class=\"_ _1\"></span>le possibili ve<span class=\"_ _1\"></span>rtenze.  I \u201crilas<span class=\"_ _1\"></span>ci per st<span class=\"_ _3\"></span>ralci o <span class=\"_ _3\"></span>riduzioni\u201d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>derivano da <span class=\"_ _3\"></span>importi <span class=\"_ _3\"></span>che e<span class=\"_ _1\"></span>rano<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>stati a<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ca<span class=\"_ _1\"></span>nton<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>negli a<span class=\"_ _1\"></span>nni p<span class=\"_ _1\"></span>recedenti <span class=\"_ _1\"></span>al fondo <span class=\"_ _16\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>schi <span class=\"_ _1f\"> </span>e <span class=\"_ _16\"> </span>rilasciati <span class=\"_ _16\"> </span>a <span class=\"_ _16\"> </span>conto <span class=\"_ _1f\"> </span>economi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o <span class=\"_ _16\"> </span>per <span class=\"_ _16\"> </span>l\u2019importo <span class=\"_ _16\"> </span>eccedente <span class=\"_ _16\"> </span>le <span class=\"_ _1f\"> </span>passivit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>effettiv<span class=\"_ _0\"></span>ame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te sostenute. Per ulteriori dettagli, si <span class=\"_ _1\"></span>rimanda alla \u201cParte B - Sezi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne 10 <span class=\"_ _1\"></span>\u2013 Fondi <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r rischi ed oneri - Voce 100\u201d della<span class=\"_ _3\"></span> presente Nota inte<span class=\"_ _1\"></span>gr<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a c<span class=\"_ _1\"></span>onsolidata.<span class=\"_ _3\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-44": {
   "value": "S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 1<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span> \u2013<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Re<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>/ri<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>60 11.1 Composizione delle \u201cRettifiche/riprese di v<span class=\"_ _0\"></span>alore nette su attivit\u00e0<span class=\"_ _1\"></span> materiali\u201d<span class=\"_ _1\"></span> <table class=\"s w844 h3c0\" id=\"_1845bf8f-f45e-443d-b416-9b4ccb7a5dc4\"><tr><td class=\"c n x1a9 y1b14 w845 h368\"><div class=\"t m3 x17f h10c y1952 ff3 fs63 fc1 sc0 ls0 ws0\">Voci<span class=\"_ _0\"></span>/Ret<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>ich<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>prese <span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>i valo<span class=\"_ _0\"></span>re<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x998 y1b14 w846 h368\"><div class=\"t m3 x17f h10c y1952 ff3 fs63 fc1 sc0 ls0 ws0\">Amm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtamen<span class=\"_ _0\"></span>to</div></td><td class=\"c n x999 y1b14 w847 h368\"><div class=\"t m3 x17f h10c y1952 ff3 fs63 fc1 sc0 ls0 ws0\">Re<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>iche<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x99a y1b14 w848 h368\"><div class=\"t m3 x17f h10c y1952 ff3 fs63 fc1 sc0 ls0 ws0\">Rip<span class=\"_ _0\"></span>res<span class=\"_ _3\"></span>e</div></td><td class=\"c n x99b y1b14 w849 h368\"><div class=\"t m3 x17f h10c y1952 ff3 fs63 fc1 sc0 ls0 ws0\">Risul<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> nett<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x99c y1b15 w84a h368\"><div class=\"t m3 x17f h10c y1952 ff3 fs63 fc1 sc0 ls0 ws0\">d<span class=\"_ _0\"></span>i valo<span class=\"_ _0\"></span>re per</div></td><td class=\"c n x99d y1b15 w84b h368\"><div class=\"t m3 x17f h10c y1952 ff3 fs63 fc1 sc0 ls0 ws0\">di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>val<span class=\"_ _0\"></span>ore</div></td><td class=\"c n x99e y1b15 w84c h368\"><div class=\"t m3 x17f h10c y1952 ff3 fs63 fc1 sc0 ls0 ws0\">31.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m3 x99f h10c y1b16 ff3 fs63 fc1 sc0 ls0 ws0\">d<span class=\"_ _0\"></span>eterio<span class=\"_ _0\"></span>ramento<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1b18 w84d h36d\"><div class=\"t m3 x17f h10d y1b17 ff2 fs63 fc1 sc0 ls0 ws0\">1.<span class=\"_ _1d\"> </span>Ad<span class=\"_ _0\"></span> u<span class=\"_ _3\"></span>so <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>nzio<span class=\"_ _3\"></span>nale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9a0 y1b18 w84e h36d\"><div class=\"t m3 x17f h10d y1b17 ff2 fs63 fc1 sc0 ls0 ws0\">(5.<span class=\"_ _0\"></span>889<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x9a1 y1b18 w84f h36d\"><div class=\"t m3 x17f h10d y1b17 ff2 fs63 fc1 sc0 ls0 ws0\">(5.<span class=\"_ _0\"></span>889<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x9a2 y1b19 w850 h36d\"><div class=\"t m3 x17f h10d y1b17 ff2 fs63 fc1 sc0 ls0 ws0\">- Di <span class=\"_ _3\"></span>prop<span class=\"_ _3\"></span>riet\u00e0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9a3 y1b19 w851 h36d\"><div class=\"t m3 x17f h10d y1b17 ff2 fs63 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>911)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x9a4 y1b19 w851 h36d\"><div class=\"t m3 x17f h10d y1b17 ff2 fs63 fc1 sc0 ls0 ws0\">(911<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x9a2 y1b1a w852 h36d\"><div class=\"t m3 x17f h10d y1b17 ff2 fs63 fc1 sc0 ls0 ws0\">- Diri<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>'us<span class=\"_ _3\"></span>o acqui<span class=\"_ _1\"></span>si<span class=\"_ _3\"></span>ti <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>n i<span class=\"_ _3\"></span>l l<span class=\"_ _3\"></span>ea<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ing<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9a5 y1b1a w84e h36d\"><div class=\"t m3 x17f h10d y1b17 ff2 fs63 fc1 sc0 ls0 ws0\">(4.<span class=\"_ _0\"></span>978<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x9a6 y1b1a w853 h36d\"><div class=\"t m3 x17f h10d y1b17 ff2 fs63 fc1 sc0 ls0 ws0\">(4.<span class=\"_ _0\"></span>978)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m3 x41c h10d y1b1b ff2 fs63 fc1 sc0 ls0 ws0\">2.<span class=\"_ _1d\"> </span>Detenu<span class=\"_ _3\"></span>te <span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> s<span class=\"_ _1\"></span>cop<span class=\"_ _3\"></span>o di <span class=\"_ _1\"></span>i<span class=\"_ _3\"></span>nv<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>timen<span class=\"_ _1\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x9a2 y1b1c w850 h36d\"><div class=\"t m3 x17f h10d y1b17 ff2 fs63 fc1 sc0 ls0 ws0\">- Di <span class=\"_ _3\"></span>prop<span class=\"_ _3\"></span>riet\u00e0<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x9a7 y1b1c w854 h36d\"><div class=\"t m3 x17f h10d y1b17 ff2 fs63 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x9a2 y1b1d w852 h36d\"><div class=\"t m3 x17f h10d y1b17 ff2 fs63 fc1 sc0 ls0 ws0\">- Diri<span class=\"_ _3\"></span>tt<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> <span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>'us<span class=\"_ _3\"></span>o acqui<span class=\"_ _1\"></span>si<span class=\"_ _3\"></span>ti <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>n i<span class=\"_ _3\"></span>l l<span class=\"_ _3\"></span>ea<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>ing<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x9a8 y1b1d w855 h36d\"><div class=\"t m3 x17f h10d y1b17 ff2 fs63 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x9a9 y16d8 w856 h368\"><div class=\"t m3 x17f h10c y1952 ff3 fs63 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9aa y16d8 w857 h368\"><div class=\"t m3 x17f h10c y1952 ff3 fs63 fc1 sc0 ls0 ws0\">(5.<span class=\"_ _0\"></span>889)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x9ab y16d8 w858 h368\"><div class=\"t m3 x17f h10c y1952 ff3 fs63 fc1 sc0 ls0 ws0\">(5.8<span class=\"_ _0\"></span>89)<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella <span class=\"_ _0\"></span>sottovoce <span class=\"_ _0\"></span>\u201c1.<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Ad <span class=\"_ _0\"></span>uso <span class=\"_ _0\"></span>funzionale <span class=\"_ _0\"></span>- <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>prop<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iet\u00e0<span class=\"_ _3\"></span>\u201d <span class=\"_ _b\"></span>sono <span class=\"_ _0\"></span>ricompre<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span> g<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>ammortamenti <span class=\"_ _0\"></span>dell\u2019eser<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>izio inerenti le attivit\u00e0 mate<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iali a<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span> uso <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>unzionale d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>priet\u00e0 del G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>uppo. Nella <span class=\"_ _c\"> </span>sottovoce <span class=\"_ _211\"> </span>\u201c1<span class=\"_ _0\"></span>. <span class=\"_ _c\"> </span>Ad <span class=\"_ _211\"> </span>u<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>fun<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>nale <span class=\"_ _c\"> </span>- <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ritti <span class=\"_ _c\"> </span>d\u2019uso <span class=\"_ _c\"> </span>acquisiti <span class=\"_ _211\"> </span>con <span class=\"_ _16\"> </span>il <span class=\"_ _211\"> </span>leasing\u201d <span class=\"_ _c\"> </span>sono <span class=\"_ _c\"> </span>ricompresi <span class=\"_ _c\"> </span>gli ammortamenti <span class=\"_ _1f\"> </span>dell\u2019esercizi<span class=\"_ _1\"></span>o <span class=\"_ _15\"> </span>dei <span class=\"_ _1f\"> </span>diritti <span class=\"_ _1f\"> </span>d\u2019uso <span class=\"_ _15\"> </span>a<span class=\"_ _1\"></span>cquisiti <span class=\"_ _1f\"> </span>tramite <span class=\"_ _1f\"> </span>contratti <span class=\"_ _1f\"> </span>di <span class=\"_ _1f\"> </span>locazione <span class=\"_ _15\"> </span>e <span class=\"_ _16\"> </span>n<span class=\"_ _0\"></span>oleg<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>io rientranti nel <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ampo<span class=\"_ _3\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> applicazi<span class=\"_ _1\"></span>one del pri<span class=\"_ _1\"></span>ncipio <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontabile<span class=\"_ _1\"></span> IFRS 16<span class=\"_ _1\"></span>. In <span class=\"_ _1\"></span>relazione a<span class=\"_ _1\"></span>i dettagli i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>for<span class=\"_ _1\"></span>mativi previsti <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>allo  ste<span class=\"_ _1\"></span>sso <span class=\"_ _f\"> </span>principio <span class=\"_ _f\"> </span>c<span class=\"_ _0\"></span>ontabile <span class=\"_ _f\"> </span>si  ri<span class=\"_ _1\"></span>nvi<span class=\"_ _0\"></span>a <span class=\"_ _f\"></span>alla <span class=\"_ _f\"> </span>\u201cParte  D  \u2013  Altre  I<span class=\"_ _3\"></span>nformazioni  \u2013  S<span class=\"_ _3\"></span>ezione  7  \u2013<span class=\"_ _1\"></span> Informativa sul leasi<span class=\"_ _1\"></span>ng\u201d della prese<span class=\"_ _1\"></span>nte Nota integra<span class=\"_ _3\"></span>tiv<span class=\"_ _0\"></span>a consoli<span class=\"_ _1\"></span>data. Il <span class=\"_ _0\"></span>cont<span class=\"_ _1\"></span>ributo complessivo alla voc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>\u201cRettifiche/rip<span class=\"_ _3\"></span>rese <span class=\"_ _0\"></span>di valore n<span class=\"_ _0\"></span>ette<span class=\"_ _1\"></span> su attivi<span class=\"_ _0\"></span>t\u00e0 mat<span class=\"_ _1\"></span>eriali\u201d da <span class=\"_ _0\"></span>parte di Kairos SGR \u00e8 pari a <span class=\"_ _1\"></span>circa Euro 0,9 milio<span class=\"_ _1\"></span>ni. S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 1<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span> \u2013<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Re<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>/ri<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>att<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u00e0 <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>17<span class=\"_ _0\"></span>0 12.1 Composizione delle \u201cRettifiche/riprese di v<span class=\"_ _0\"></span>alore nette su attivit\u00e0<span class=\"_ _1\"></span> immateriali\u201d<span class=\"_ _3\"></span> <table class=\"s w82d h3bf\" id=\"_c90fb233-e70f-4e8d-ac29-673663ff64c2\"><tr><td class=\"c n x1a9 y1b0e w82e h371\"><div class=\"t m16 x17f h10e y1b0d ff3 fs64 fc1 sc0 ls0 ws0\">Voci<span class=\"_ _0\"></span>/Ret<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>fiche<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e rip<span class=\"_ _0\"></span>res<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> di valo<span class=\"_ _0\"></span>re<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x984 y1b0e w82f h371\"><div class=\"t m16 x17f h10e y1b0d ff3 fs64 fc1 sc0 ls0 ws0\">Am<span class=\"_ _3\"></span>mo<span class=\"_ _0\"></span>rtamento</div></td><td class=\"c n x985 y1b0e w830 h371\"><div class=\"t m16 x17f h10e y1b0d ff3 fs64 fc1 sc0 ls0 ws0\">Re<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>ich<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x986 y1b0e w831 h371\"><div class=\"t m16 x17f h10e y1b0d ff3 fs64 fc1 sc0 ls0 ws0\">Ri<span class=\"_ _0\"></span>pres<span class=\"_ _1\"></span>e</div></td><td class=\"c n x987 y1b0e w832 h371\"><div class=\"t m16 x17f h10e y1b0d ff3 fs64 fc1 sc0 ls0 ws0\">Risult<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o net<span class=\"_ _0\"></span>to<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x988 y1b0f w833 h371\"><div class=\"t m16 x17f h10e y1b0d ff3 fs64 fc1 sc0 ls0 ws0\">di<span class=\"_ _0\"></span> v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>er</div></td><td class=\"c n x989 y1b0f w834 h371\"><div class=\"t m16 x17f h10e y1b0d ff3 fs64 fc1 sc0 ls0 ws0\">di<span class=\"_ _0\"></span> v<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>re</div></td><td class=\"c n x98a y1b0f w835 h371\"><div class=\"t m16 x17f h10e y1b0d ff3 fs64 fc1 sc0 ls0 ws0\">31.12.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m16 x98b h10e y1b10 ff3 fs64 fc1 sc0 ls0 ws0\">det<span class=\"_ _0\"></span>erio<span class=\"_ _0\"></span>ramento<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y19fa w836 h371\"><div class=\"t m16 x17f h10e y1b0d ff3 fs64 fc1 sc0 ls0 ws0\">1.<span class=\"_ _17\"> </span>At<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>\u00e0 imm<span class=\"_ _1\"></span>ater<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span>i di<span class=\"_ _0\"></span>vers<span class=\"_ _1\"></span>e <span class=\"_ _1\"></span>dal<span class=\"_ _0\"></span>l'a<span class=\"_ _0\"></span>vviamento<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x98c y19fa w837 h371\"><div class=\"t m16 x17f h10e y1b0d ff3 fs64 fc1 sc0 ls0 ws0\">(45.0<span class=\"_ _0\"></span>13)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x98d y19fa w838 h371\"><div class=\"t m16 x17f h10e y1b0d ff3 fs64 fc1 sc0 ls0 ws0\">(45.0<span class=\"_ _0\"></span>13)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x98e y1b12 w839 h33a\"><div class=\"t m16 x17f h10f y1b11 ff2 fs64 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>1 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i p<span class=\"_ _3\"></span>rop<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iet\u00e0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x98f y1b12 w83a h33a\"><div class=\"t m16 x17f h10f y1b11 ff2 fs64 fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>5.0<span class=\"_ _0\"></span>13)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x990 y1b12 w83b h33a\"><div class=\"t m16 x17f h10f y1b11 ff2 fs64 fc1 sc0 ls0 ws0\">(45.<span class=\"_ _0\"></span>013)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x991 y192f w83c h33a\"><div class=\"t m16 x17f h10e y1b0d ff2 fs64 fc1 sc0 ls0 ws0\">- g<span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>era<span class=\"_ _0\"></span>te i<span class=\"_ _3\"></span>nt<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>ment<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x992 y192f w83d h371\"><div class=\"t m16 x17f h10e y1b0d ff3 fs64 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x991 y1b13 w83e h33a\"><div class=\"t m16 x17f h10f y1b11 ff2 fs64 fc1 sc0 ls0 ws0\">- a<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>tr<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x993 y1b13 w83f h33a\"><div class=\"t m16 x17f h10f y1b11 ff2 fs64 fc1 sc0 ls0 ws0\">(45.<span class=\"_ _0\"></span>013)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x994 y1b13 w840 h33a\"><div class=\"t m16 x17f h10f y1b11 ff2 fs64 fc1 sc0 ls0 ws0\">(<span class=\"_ _1\"></span>45.<span class=\"_ _0\"></span>01<span class=\"_ _0\"></span>3)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x98e y19fe w841 h33a\"><div class=\"t m16 x17f h10e y1b0d ff2 fs64 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>2 <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>irit<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span> d'us<span class=\"_ _3\"></span>o <span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>is<span class=\"_ _3\"></span>iti<span class=\"_ _3\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>n <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>lea<span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>ng<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x995 y19fe w842 h371\"><div class=\"t m16 x17f h10e y1b0d ff3 fs64 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w843 h371\"><div class=\"t m16 x17f h10e y1b0d ff3 fs64 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x996 y16d8 w837 h371\"><div class=\"t m16 x17f h10e y1b0d ff3 fs64 fc1 sc0 ls0 ws0\">(45.0<span class=\"_ _0\"></span>13)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x997 y16d8 w837 h371\"><div class=\"t m16 x17f h10e y1b0d ff3 fs64 fc1 sc0 ls0 ws0\">(45.0<span class=\"_ _0\"></span>13)<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella <span class=\"_ _0\"></span>tabella <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentati <span class=\"_ _0\"></span>gli <span class=\"_ _0\"></span>ammortamenti <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>aterial<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>comprendono <span class=\"_ _0\"></span>(i) <span class=\"_ _0\"></span>gli ammortamenti <span class=\"_ _3\"></span>dell\u2019eser<span class=\"_ _1\"></span>cizio<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onducibil<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>alle a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _3\"></span>intangibili <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>vi<span class=\"_ _0\"></span>ta <span class=\"_ _3\"></span>utile <span class=\"_ _3\"></span>definita <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>42,9 milioni <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>(ii) <span class=\"_ _b\"></span>all\u2019ammorta<span class=\"_ _1\"></span>mento <span class=\"_ _b\"></span>delle <span class=\"_ _b\"></span>altre <span class=\"_ _b\"></span>immobilizz<span class=\"_ _1\"></span>azioni <span class=\"_ _b\"></span>immateriali <span class=\"_ _b\"></span>(software) <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ca <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>2,1<span class=\"_ _1\"></span> milioni.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-467": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs821\">S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 1<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> \u2013<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Al<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rov<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>- <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>18<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>  </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs822\">13.1 Composizione deg<span class=\"_ _3\"></span>li \u201c<span class=\"_ _0\"></span>Altri proven<span class=\"_ _1\"></span>ti e oneri di g<span class=\"_ _1\"></span>esti<span class=\"_ _1\"></span>one\u201d  </div><div class=\"gs547\"><table class=\"s w859 h3c1\" id=\"_537ec032-a594-439a-8d42-47516caa093f\"><tr><td class=\"c n x1a9 y18ae w85a h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Proventi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9ac y18ae w85b h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>31.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9ad y18ae w85c h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>31.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b20 w85d h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">Prove<span class=\"_ _3\"></span>nti<span class=\"_ _1\"></span> vari rela<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i ai prodot<span class=\"_ _3\"></span>ti ge<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>iti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9ae y1b20 w85e h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">1.89<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9af y1b20 w85f h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">52<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b21 w860 h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">Rec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>ro spese da cont<span class=\"_ _3\"></span>ratt<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>subloca<span class=\"_ _1\"></span>zione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b0 y1b21 w861 h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">55<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b1 y1b21 w85f h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">78<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b22 w862 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">Prove<span class=\"_ _3\"></span>nti<span class=\"_ _1\"></span> per cre<span class=\"_ _1\"></span>dit<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>d'impost<span class=\"_ _3\"></span>a vari<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b2 y1b22 w863 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b3 y1b22 w864 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>72<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b23 w865 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">Prove<span class=\"_ _3\"></span>nto pro<span class=\"_ _1\"></span>vvisorio da<span class=\"_ _1\"></span> primo consoli<span class=\"_ _3\"></span>da<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o K<span class=\"_ _0\"></span>airos SG<span class=\"_ _0\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b4 y1b23 w866 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">8.6<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1b24 w867 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">Prove<span class=\"_ _3\"></span>nti<span class=\"_ _1\"></span> vari<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b5 y1b24 w866 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">3.22<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b6 y1b24 w85e h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.943<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w868 h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b7 y16d8 w869 h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.9<span class=\"_ _0\"></span>67<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b8 y16d8 w86a h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>245<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs826\">La <span class=\"_ _3\"></span>sottovoce <span class=\"_ _3\"></span>\u201cProventi <span class=\"_ _8\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _1\"></span>roventi <span class=\"_ _3\"></span>vari <span class=\"_ _3\"></span>relativi <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>prodotti <span class=\"_ _8\"></span>g<span class=\"_ _0\"></span>estiti<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>rife<span class=\"_ _1\"></span>risce <span class=\"_ _3\"></span>principalmente <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>recupero<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs827\">per l\u2019imposta di boll<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> sulla re<span class=\"_ _1\"></span>ndicontazione inv<span class=\"_ _1\"></span>iata alla clientela evide<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziata<span class=\"_ _1\"></span> da Kairos SGR. <span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs828\">La <span class=\"_ _6\"></span>sottovoce <span class=\"_ _5\"></span>\u201c<span class=\"_ _0\"></span>P<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>venti <span class=\"_ _6\"></span>\u2013 <span class=\"_ _6\"></span>Provento <span class=\"_ _6\"></span>provvisor<span class=\"_ _1\"></span>io <span class=\"_ _6\"></span>da <span class=\"_ _5\"></span>prim<span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ons<span class=\"_ _1\"></span>olid<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>mento <span class=\"_ _6\"></span>Kairos\u201d <span class=\"_ _6\"></span>accoglie <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>irca<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs829\">Euro <span class=\"_ _b\"></span>8,7 <span class=\"_ _b\"></span>mi<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ni <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>provento <span class=\"_ _b\"></span>provvisorio <span class=\"_ _b\"></span>rilevato <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>seguito <span class=\"_ _b\"></span>dell\u2019acquisizione <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Kairos <span class=\"_ _b\"></span>SGR <span class=\"_ _b\"></span>(\u201cbadwill\u201d<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs82a\">avvenuta il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ggio<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2024 (si <span class=\"_ _1\"></span>rimanda <span class=\"_ _3\"></span>alla \u201cNota i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>eg<span class=\"_ _0\"></span>rati<span class=\"_ _1\"></span>va consolidata <span class=\"_ _3\"></span>\u2013 Parte A<span class=\"_ _1\"></span> Pol<span class=\"_ _1\"></span>itiche c<span class=\"_ _1\"></span>ontabili <span class=\"_ _3\"></span>\u2013<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs7fe\">Altre Informazioni \u2013 <span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>perazio<span class=\"_ _1\"></span>ne di aggregazio<span class=\"_ _1\"></span>ne di K<span class=\"_ _1\"></span>airos SGR\u201d del presente B<span class=\"_ _3\"></span>il<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io Consoli<span class=\"_ _1\"></span>dato).  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs82b\">La <span class=\"_ _f\"> </span>sottovoce <span class=\"_ _6\"></span>\u201c<span class=\"_ _0\"></span>Prove<span class=\"_ _1\"></span>nti <span class=\"_ _f\"> </span>-  P<span class=\"_ _3\"></span>roventi <span class=\"_ _f\"> </span>vari\u201d <span class=\"_ _f\"> </span>acco<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>lie <span class=\"_ _6\"></span>in <span class=\"_ _f\"> </span>particolare <span class=\"_ _f\"> </span>(i) <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>ricavo <span class=\"_ _f\"> </span>per <span class=\"_ _6\"></span>le <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>formative </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs800\">effettuate <span class=\"_ _b\"></span>da <span class=\"_ _5\"></span>Anima <span class=\"_ _b\"></span>SGR <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ore <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>alcu<span class=\"_ _1\"></span>ne <span class=\"_ _5\"></span>reti <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>vendita <span class=\"_ _5\"></span>per <span class=\"_ _b\"></span>circa <span class=\"_ _b\"></span>Euro <span class=\"_ _5\"></span>0,8 <span class=\"_ _5\"></span>milion<span class=\"_ _1\"></span>i <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>(ii) <span class=\"_ _b\"></span>i <span class=\"_ _5\"></span>proventi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs82c\">generati da Castello<span class=\"_ _1\"></span> SGR su crediti in<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>assat<span class=\"_ _1\"></span>i (per circa Euro u<span class=\"_ _1\"></span>n milione).<span class=\"_ _4a1\"> </span> <span class=\"_ _1\"></span> </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-45": {
   "value": "S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 1<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> \u2013<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Al<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rov<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>- <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>18<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>  13.1 Composizione deg<span class=\"_ _3\"></span>li \u201c<span class=\"_ _0\"></span>Altri proven<span class=\"_ _1\"></span>ti e oneri di g<span class=\"_ _1\"></span>esti<span class=\"_ _1\"></span>one\u201d  <table class=\"s w859 h3c1\" id=\"_537ec032-a594-439a-8d42-47516caa093f\"><tr><td class=\"c n x1a9 y18ae w85a h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Proventi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9ac y18ae w85b h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>31.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9ad y18ae w85c h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e <span class=\"_ _0\"></span>31.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b20 w85d h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">Prove<span class=\"_ _3\"></span>nti<span class=\"_ _1\"></span> vari rela<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>i ai prodot<span class=\"_ _3\"></span>ti ge<span class=\"_ _1\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>iti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9ae y1b20 w85e h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">1.89<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9af y1b20 w85f h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">52<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b21 w860 h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">Rec<span class=\"_ _1\"></span>upe<span class=\"_ _1\"></span>ro spese da cont<span class=\"_ _3\"></span>ratt<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>d<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>subloca<span class=\"_ _1\"></span>zione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b0 y1b21 w861 h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">55<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b1 y1b21 w85f h34b\"><div class=\"t m2 x17f h111 y1b1f ff2 fs65 fc1 sc0 ls0 ws0\">78<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b22 w862 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">Prove<span class=\"_ _3\"></span>nti<span class=\"_ _1\"></span> per cre<span class=\"_ _1\"></span>dit<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>d'impost<span class=\"_ _3\"></span>a vari<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b2 y1b22 w863 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b3 y1b22 w864 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>72<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b23 w865 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">Prove<span class=\"_ _3\"></span>nto pro<span class=\"_ _1\"></span>vvisorio da<span class=\"_ _1\"></span> primo consoli<span class=\"_ _3\"></span>da<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>ent<span class=\"_ _3\"></span>o K<span class=\"_ _0\"></span>airos SG<span class=\"_ _0\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b4 y1b23 w866 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">8.6<span class=\"_ _0\"></span>61<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1b24 w867 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">Prove<span class=\"_ _3\"></span>nti<span class=\"_ _1\"></span> vari<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b5 y1b24 w866 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">3.22<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b6 y1b24 w85e h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.943<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w868 h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b7 y16d8 w869 h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.9<span class=\"_ _0\"></span>67<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b8 y16d8 w86a h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span>245<span class=\"_ _4a1\"> </span></div></td></tr></table><table class=\"s w86b h3c2\" id=\"_48bf2d9a-03a0-42f3-8d23-8f9af73c317a\"><tr><td class=\"c n x1a9 y1b25 w86c h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">On<span class=\"_ _1\"></span>eri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b9 y1b25 w86d h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9ba y1b25 w86d h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b22 w86e h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">Oner<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span> ai prodott<span class=\"_ _3\"></span>i gest<span class=\"_ _1\"></span>iti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9bb y1b22 w86f h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">(1.909<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9bc y1b22 w870 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">(81<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b23 w871 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">Oner<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> m<span class=\"_ _3\"></span>igliorie<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>u b<span class=\"_ _1\"></span>eni di t<span class=\"_ _1\"></span>ez<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9bd y1b23 w872 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">(28<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9be y1b23 w873 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">(357<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b24 w874 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">Oner<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>va<span class=\"_ _3\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9bf y1b24 w875 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>.335<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9c0 y1b24 w876 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">(27<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w868 h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b7 y16d8 w877 h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">(3.<span class=\"_ _0\"></span>53<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9c1 y16d8 w876 h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>711<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr></table><table class=\"s w878 h3c3\" id=\"_a1d4719c-6f02-46e2-807e-97c85f85a7f2\"><tr><td class=\"c n x1a9 y16d8 w879 h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> nett<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9c2 y16d8 w869 h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>.4<span class=\"_ _0\"></span>36<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9c3 y16d8 w87a h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>34<span class=\"_ _4a1\"> </span></div></td></tr></table>La <span class=\"_ _3\"></span>sottovoce <span class=\"_ _3\"></span>\u201cProventi <span class=\"_ _8\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>P<span class=\"_ _1\"></span>roventi <span class=\"_ _3\"></span>vari <span class=\"_ _3\"></span>relativi <span class=\"_ _3\"></span>ai <span class=\"_ _3\"></span>prodotti <span class=\"_ _8\"></span>g<span class=\"_ _0\"></span>estiti<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>si <span class=\"_ _3\"></span>rife<span class=\"_ _1\"></span>risce <span class=\"_ _3\"></span>principalmente <span class=\"_ _3\"></span>al <span class=\"_ _3\"></span>recupero<span class=\"_ _1\"></span> per l\u2019imposta di boll<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> sulla re<span class=\"_ _1\"></span>ndicontazione inv<span class=\"_ _1\"></span>iata alla clientela evide<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziata<span class=\"_ _1\"></span> da Kairos SGR. <span class=\"_ _3\"></span> La <span class=\"_ _6\"></span>sottovoce <span class=\"_ _5\"></span>\u201c<span class=\"_ _0\"></span>P<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>venti <span class=\"_ _6\"></span>\u2013 <span class=\"_ _6\"></span>Provento <span class=\"_ _6\"></span>provvisor<span class=\"_ _1\"></span>io <span class=\"_ _6\"></span>da <span class=\"_ _5\"></span>prim<span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>ons<span class=\"_ _1\"></span>olid<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>mento <span class=\"_ _6\"></span>Kairos\u201d <span class=\"_ _6\"></span>accoglie <span class=\"_ _5\"></span>per <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>irca<span class=\"_ _1\"></span> Euro <span class=\"_ _b\"></span>8,7 <span class=\"_ _b\"></span>mi<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ni <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _0\"></span>provento <span class=\"_ _b\"></span>provvisorio <span class=\"_ _b\"></span>rilevato <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>seguito <span class=\"_ _b\"></span>dell\u2019acquisizione <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Kairos <span class=\"_ _b\"></span>SGR <span class=\"_ _b\"></span>(\u201cbadwill\u201d<span class=\"_ _0\"></span>)<span class=\"_ _1\"></span> avvenuta il <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>ggio<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>2024 (si <span class=\"_ _1\"></span>rimanda <span class=\"_ _3\"></span>alla \u201cNota i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>eg<span class=\"_ _0\"></span>rati<span class=\"_ _1\"></span>va consolidata <span class=\"_ _3\"></span>\u2013 Parte A<span class=\"_ _1\"></span> Pol<span class=\"_ _1\"></span>itiche c<span class=\"_ _1\"></span>ontabili <span class=\"_ _3\"></span>\u2013<span class=\"_ _0\"></span> Altre Informazioni \u2013 <span class=\"_ _3\"></span>O<span class=\"_ _0\"></span>perazio<span class=\"_ _1\"></span>ne di aggregazio<span class=\"_ _1\"></span>ne di K<span class=\"_ _1\"></span>airos SGR\u201d del presente B<span class=\"_ _3\"></span>il<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io Consoli<span class=\"_ _1\"></span>dato).  La <span class=\"_ _f\"> </span>sottovoce <span class=\"_ _6\"></span>\u201c<span class=\"_ _0\"></span>Prove<span class=\"_ _1\"></span>nti <span class=\"_ _f\"> </span>-  P<span class=\"_ _3\"></span>roventi <span class=\"_ _f\"> </span>vari\u201d <span class=\"_ _f\"> </span>acco<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>lie <span class=\"_ _6\"></span>in <span class=\"_ _f\"> </span>particolare <span class=\"_ _f\"> </span>(i) <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>ricavo <span class=\"_ _f\"> </span>per <span class=\"_ _6\"></span>le <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _f\"> </span>formative effettuate <span class=\"_ _b\"></span>da <span class=\"_ _5\"></span>Anima <span class=\"_ _b\"></span>SGR <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ore <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>alcu<span class=\"_ _1\"></span>ne <span class=\"_ _5\"></span>reti <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>vendita <span class=\"_ _5\"></span>per <span class=\"_ _b\"></span>circa <span class=\"_ _b\"></span>Euro <span class=\"_ _5\"></span>0,8 <span class=\"_ _5\"></span>milion<span class=\"_ _1\"></span>i <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>(ii) <span class=\"_ _b\"></span>i <span class=\"_ _5\"></span>proventi generati da Castello<span class=\"_ _1\"></span> SGR su crediti in<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>assat<span class=\"_ _1\"></span>i (per circa Euro u<span class=\"_ _1\"></span>n milione).<span class=\"_ _4a1\"> </span>La <span class=\"_ _0\"></span>sottovoce <span class=\"_ _0\"></span>\u201cOneri <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>Oner<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ativi<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>prodotti <span class=\"_ _0\"></span>gest<span class=\"_ _1\"></span>iti\u201d <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>riferisce <span class=\"_ _0\"></span>principalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>all\u2019imposta di <span class=\"_ _0\"></span>bollo sulla rendicontazi<span class=\"_ _1\"></span>one inviata alla cliente<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a evi<span class=\"_ _1\"></span>denziata da K<span class=\"_ _1\"></span>airos <span class=\"_ _0\"></span>SG<span class=\"_ _3\"></span>R.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span> La <span class=\"_ _5\"></span>sottovoce<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>\u201cOneri <span class=\"_ _b\"></span>vari\u201d <span class=\"_ _b\"></span>accoglie <span class=\"_ _5\"></span>prin<span class=\"_ _1\"></span>cipalmente <span class=\"_ _b\"></span>(i) <span class=\"_ _b\"></span>gli <span class=\"_ _5\"></span>oneri <span class=\"_ _b\"></span>derivanti <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>versamento <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>credito R&amp;S <span class=\"_ _1f\"> </span>relativo <span class=\"_ _15\"> </span>a <span class=\"_ _1f\"> </span>periodi <span class=\"_ _1f\"> </span>precedenti <span class=\"_ _1f\"> </span>per <span class=\"_ _1f\"> </span>circa <span class=\"_ _1f\"> </span>Euro <span class=\"_ _1f\"> </span>0,4 <span class=\"_ _15\"> </span>milioni <span class=\"_ _16\"> </span>e <span class=\"_ _15\"> </span>(ii) <span class=\"_ _15\"> </span>l\u2019adeguament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>al <span class=\"_ _16\"> </span>f<span class=\"_ _0\"></span>air <span class=\"_ _16\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>ue dell\u2019immobile <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _e\"> </span>propriet\u00e0 <span class=\"_ _19\"> </span>di <span class=\"_ _e\"> </span>N<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>vara <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span>Euro <span class=\"_ _e\"> </span>0,2<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>milioni, <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span>allinearne <span class=\"_ _e\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _e\"> </span>contabile dell\u2019immobile al prezzo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ssibile <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>endita, ev<span class=\"_ _1\"></span>idenziato dalla contr<span class=\"_ _1\"></span>ollata Anima SGR.<span class=\"_ _3\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-494": {
   "value": "S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 1<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span> \u2013<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Al<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rov<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>- <span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>18<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>  13.1 Composizione deg<span class=\"_ _3\"></span>li \u201c<span class=\"_ _0\"></span>Altri proven<span class=\"_ _1\"></span>ti e oneri di g<span class=\"_ _1\"></span>esti<span class=\"_ _1\"></span>one\u201d<div class=\"gs547\"><table class=\"s w86b h3c2\" id=\"_48bf2d9a-03a0-42f3-8d23-8f9af73c317a\"><tr><td class=\"c n x1a9 y1b25 w86c h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">On<span class=\"_ _1\"></span>eri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b9 y1b25 w86d h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9ba y1b25 w86d h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> 31.<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b22 w86e h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">Oner<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>lat<span class=\"_ _1\"></span>ivi<span class=\"_ _1\"></span> ai prodott<span class=\"_ _3\"></span>i gest<span class=\"_ _1\"></span>iti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9bb y1b22 w86f h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">(1.909<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9bc y1b22 w870 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">(81<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b23 w871 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">Oner<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span> m<span class=\"_ _3\"></span>igliorie<span class=\"_ _1\"></span> s<span class=\"_ _0\"></span>u b<span class=\"_ _1\"></span>eni di t<span class=\"_ _1\"></span>ez<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9bd y1b23 w872 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">(28<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9be y1b23 w873 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">(357<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b24 w874 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">Oner<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>va<span class=\"_ _3\"></span>ri<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9bf y1b24 w875 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">(1<span class=\"_ _0\"></span>.335<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9c0 y1b24 w876 h344\"><div class=\"t m2 x17f h111 y1949 ff2 fs65 fc1 sc0 ls0 ws0\">(27<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w868 h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9b7 y16d8 w877 h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">(3.<span class=\"_ _0\"></span>53<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9c1 y16d8 w876 h342\"><div class=\"t m2 x17f h110 y1b1e ff3 fs65 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>711<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr></table></div>La <span class=\"_ _0\"></span>sottovoce <span class=\"_ _0\"></span>\u201cOneri <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>Oner<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ativi<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>prodotti <span class=\"_ _0\"></span>gest<span class=\"_ _1\"></span>iti\u201d <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>riferisce <span class=\"_ _0\"></span>principalme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>all\u2019imposta di <span class=\"_ _0\"></span>bollo sulla rendicontazi<span class=\"_ _1\"></span>one inviata alla cliente<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a evi<span class=\"_ _1\"></span>denziata da K<span class=\"_ _1\"></span>airos <span class=\"_ _0\"></span>SG<span class=\"_ _3\"></span>R.<span class=\"_ _0\"></span> <span class=\"_ _1\"></span> La <span class=\"_ _5\"></span>sottovoce<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>\u201cOneri <span class=\"_ _b\"></span>vari\u201d <span class=\"_ _b\"></span>accoglie <span class=\"_ _5\"></span>prin<span class=\"_ _1\"></span>cipalmente <span class=\"_ _b\"></span>(i) <span class=\"_ _b\"></span>gli <span class=\"_ _5\"></span>oneri <span class=\"_ _b\"></span>derivanti <span class=\"_ _b\"></span>dal <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>versamento <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>credito R&amp;S <span class=\"_ _1f\"> </span>relativo <span class=\"_ _15\"> </span>a <span class=\"_ _1f\"> </span>periodi <span class=\"_ _1f\"> </span>precedenti <span class=\"_ _1f\"> </span>per <span class=\"_ _1f\"> </span>circa <span class=\"_ _1f\"> </span>Euro <span class=\"_ _1f\"> </span>0,4 <span class=\"_ _15\"> </span>milioni <span class=\"_ _16\"> </span>e <span class=\"_ _15\"> </span>(ii) <span class=\"_ _15\"> </span>l\u2019adeguament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>al <span class=\"_ _16\"> </span>f<span class=\"_ _0\"></span>air <span class=\"_ _16\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>ue dell\u2019immobile <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _e\"> </span>propriet\u00e0 <span class=\"_ _19\"> </span>di <span class=\"_ _e\"> </span>N<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>vara <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span>Euro <span class=\"_ _e\"> </span>0,2<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>milioni, <span class=\"_ _19\"> </span>per <span class=\"_ _19\"> </span>allinearne <span class=\"_ _e\"> </span>il<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re <span class=\"_ _e\"> </span>contabile dell\u2019immobile al prezzo<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ssibile <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>endita, ev<span class=\"_ _1\"></span>idenziato dalla contr<span class=\"_ _1\"></span>ollata Anima SGR.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-46": {
   "value": "S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 1<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span> \u2013<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>Im<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>l\u2019<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>\u2019<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>-<span class=\"_ _0\"></span> V<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>  18.1 Composizione delle<span class=\"_ _1\"></span> \u201cImposte sul<span class=\"_ _1\"></span> reddito dell\u2019eser<span class=\"_ _1\"></span>cizio dell\u2019operativit\u00e0 corr<span class=\"_ _1\"></span>ente\u201d  <table class=\"s w87b h3c4\" id=\"_6a409e1a-8094-4c91-aa33-9d8890cc6c42\"><tr><td class=\"c n x1a9 y1b27 w87c h359\"><div class=\"t m36 x17f h112 y1b26 ff3 fs66 fc1 sc0 ls0 ws0\">Voci<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9c4 y1b27 w87d h359\"><div class=\"t m36 x17f h112 y1b26 ff3 fs66 fc1 sc0 ls0 ws0\">To<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>31.12<span class=\"_ _0\"></span>.2024</div></td><td class=\"c n x9c5 y1b27 w87e h359\"><div class=\"t m36 x17f h112 y1b26 ff3 fs66 fc1 sc0 ls0 ws0\">Tot<span class=\"_ _0\"></span>ale 31.12<span class=\"_ _0\"></span>.2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b28 w87f h343\"><div class=\"t m36 x17f h113 y17b6 ff2 fs66 fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>mp<span class=\"_ _3\"></span>os<span class=\"_ _1\"></span>te co<span class=\"_ _1\"></span>rrent<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9c6 y1b28 w880 h343\"><div class=\"t m36 x17f h113 y17b6 ff2 fs66 fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>19.<span class=\"_ _0\"></span>402)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9c7 y1b28 w881 h343\"><div class=\"t m36 x17f h113 y17b6 ff2 fs66 fc1 sc0 ls0 ws0\">(75.<span class=\"_ _0\"></span>107)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b29 w882 h343\"><div class=\"t m36 x17f h113 y17b6 ff2 fs66 fc1 sc0 ls0 ws0\">2.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>riazion<span class=\"_ _3\"></span>i delle<span class=\"_ _1\"></span> imp<span class=\"_ _3\"></span>os<span class=\"_ _3\"></span>te corrent<span class=\"_ _3\"></span>i dei p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>eced<span class=\"_ _0\"></span>en<span class=\"_ _3\"></span>ti es<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>rcizi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9c8 y1b29 w883 h343\"><div class=\"t m36 x17f h113 y17b6 ff2 fs66 fc1 sc0 ls0 ws0\">147<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9c9 y1b29 w883 h343\"><div class=\"t m36 x17f h113 y17b6 ff2 fs66 fc1 sc0 ls0 ws0\">127<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m36 x34d h113 y1b2a ff2 fs66 fc1 sc0 ls0 ws0\">3.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>d<span class=\"_ _0\"></span>uz<span class=\"_ _1\"></span>io<span class=\"_ _3\"></span>ne de<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>le i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span>ste <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>rent<span class=\"_ _3\"></span>i dell<span class=\"_ _1\"></span>'esercizio<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1b2b w884 h342\"><div class=\"t m36 x17f h113 y17b6 ff2 fs66 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>riazion<span class=\"_ _3\"></span>i delle<span class=\"_ _1\"></span> imp<span class=\"_ _3\"></span>os<span class=\"_ _3\"></span>te anti<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>pate<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9ca y1b2b w885 h342\"><div class=\"t m36 x17f h113 y17b6 ff2 fs66 fc1 sc0 ls0 ws0\">17.24<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9cb y1b2b w886 h342\"><div class=\"t m36 x17f h113 y17b6 ff2 fs66 fc1 sc0 ls0 ws0\">(3.2<span class=\"_ _0\"></span>15)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m36 x34d h113 y1b2c ff2 fs66 fc1 sc0 ls0 ws0\">d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> cui <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>tive a precedenti<span class=\"_ _3\"></span> esercizi<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1b2d w887 h342\"><div class=\"t m36 x17f h113 y17b6 ff2 fs66 fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>riazion<span class=\"_ _3\"></span>i delle<span class=\"_ _1\"></span> imp<span class=\"_ _3\"></span>os<span class=\"_ _3\"></span>te dif<span class=\"_ _0\"></span>ferit<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9cc y1b2d w888 h342\"><div class=\"t m36 x17f h113 y17b6 ff2 fs66 fc1 sc0 ls0 ws0\">8<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>049<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9cd y1b2d w889 h342\"><div class=\"t m36 x17f h113 y17b6 ff2 fs66 fc1 sc0 ls0 ws0\">7.<span class=\"_ _0\"></span>655<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m36 x34d h113 y1b2e ff2 fs66 fc1 sc0 ls0 ws0\">d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> cui <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>tive a precedenti<span class=\"_ _3\"></span> esercizi<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16d8 w88a h359\"><div class=\"t m36 x17f h112 y1b26 ff3 fs66 fc1 sc0 ls0 ws0\">Imposte di<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>compet<span class=\"_ _0\"></span>enza dell<span class=\"_ _0\"></span>'ese<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cizi<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9ce y16d8 w88b h359\"><div class=\"t m36 x17f h112 y1b26 ff3 fs66 fc1 sc0 ls0 ws0\">(93.95<span class=\"_ _0\"></span>8)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9cf y16d8 w88b h359\"><div class=\"t m36 x17f h112 y1b26 ff3 fs66 fc1 sc0 ls0 ws0\">(70.5<span class=\"_ _0\"></span>40)<span class=\"_ _4a1\"> </span></div></td></tr></table>Nella sottovoce \u201cImp<span class=\"_ _3\"></span>oste corren<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i\u201d,<span class=\"_ _0\"></span> par<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>irca E<span class=\"_ _1\"></span>uro 119,4 milioni, s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no ric<span class=\"_ _1\"></span>omprese princip<span class=\"_ _1\"></span>almente (i) l\u2019imposta <span class=\"_ _f\"> </span>IRES <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>competenza <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _f\"> </span>periodo <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>cir<span class=\"_ _1\"></span>ca <span class=\"_ _f\"> </span>Euro<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>86,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>milioni, <span class=\"_ _f\"> </span>(ii) <span class=\"_ _f\"> </span>l\u2019IRAP <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ompet<span class=\"_ _1\"></span>enza <span class=\"_ _f\"> </span>di ciascuna <span class=\"_ _f\"> </span>s<span class=\"_ _1\"></span>oci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _5\"></span>Gruppo <span class=\"_ _f\"> </span>per <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>Euro <span class=\"_ _6\"></span>25<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>milio<span class=\"_ _1\"></span>ni <span class=\"_ _f\"> </span>e <span class=\"_ _6\"></span>(<span class=\"_ _0\"></span>iii) <span class=\"_ _6\"></span>l\u2019imposta <span class=\"_ _6\"></span>so<span class=\"_ _0\"></span>stit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tiva <span class=\"_ _6\"></span>versata <span class=\"_ _6\"></span>a <span class=\"_ _f\"> </span>seguito dall\u2019esercizio <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ell\u2019opzio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>d<span class=\"_ _1\"></span>i <span class=\"_ _f\"> </span>Af<span class=\"_ _1\"></span>fr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nc<span class=\"_ _0\"></span>ame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _6\"></span>effettuata <span class=\"_ _6\"></span>con <span class=\"_ _f\"> </span>rife<span class=\"_ _1\"></span>rimento <span class=\"_ _6\"></span>a <span class=\"_ _f\"> </span>Castell<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>, <span class=\"_ _6\"></span>pari <span class=\"_ _f\"> </span>a <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rca Euro 7,2 milioni.  La <span class=\"_ _0\"></span>sott<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>voce \u201cVariazioni delle imposte anticipate\u201d beneficia, tr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>l\u2019altro, dell\u2019importo di circa Eur<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>13,3<span class=\"_ _1\"></span> milioni <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ivante <span class=\"_ _6\"></span>dalla <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vazione <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>imposte <span class=\"_ _6\"></span>anticipate <span class=\"_ _5\"></span>per <span class=\"_ _6\"></span>l\u2019Affrancamento <span class=\"_ _6\"></span>poc\u2019anzi <span class=\"_ _5\"></span>accennato <span class=\"_ _5\"></span>(si rinvia a quanto evidenziato nella sezio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e \u201cFatti di rilievo avvenuti nell<span class=\"_ _1\"></span>\u2019esercizio per il Grupp<span class=\"_ _1\"></span>o Anim<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>\u2013<span class=\"_ _0\"></span> Riallineamento ai se<span class=\"_ _1\"></span>nsi D.L. 185/<span class=\"_ _1\"></span>2008\u201d della Relazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne sulla <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _1\"></span>one consolidata<span class=\"_ _1\"></span>). Il rapporto<span class=\"_ _1\"></span> tra la <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ce \u201c250. Imp<span class=\"_ _3\"></span>oste sul re<span class=\"_ _1\"></span>ddito dell<span class=\"_ _1\"></span>\u2019esercizio dell\u2019<span class=\"_ _1\"></span>operativit\u00e0 <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>orrente\u201d<span class=\"_ _3\"></span> e la vo<span class=\"_ _1\"></span>ce \u201c240. Utile <span class=\"_ _6\"></span>(perdita) <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _5\"></span>corrente <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>lo<span class=\"_ _1\"></span>rdo<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>del<span class=\"_ _0\"></span>le <span class=\"_ _b\"></span>imposte\u201d <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>circa <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _5\"></span>29,2% <span class=\"_ _5\"></span>(circa <span class=\"_ _6\"></span>il <span class=\"_ _f\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>09% <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 dicembre 2023). Il<span class=\"_ _1\"></span> decrement<span class=\"_ _1\"></span>o del rapporto % \u00e8<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>pri<span class=\"_ _1\"></span>nci<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>lmente <span class=\"_ _1\"></span>dovuto (i) all\u2019ef<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>etto e<span class=\"_ _1\"></span>conomico netto<span class=\"_ _1\"></span> positivo sulle imposte di ci<span class=\"_ _1\"></span>rc<span class=\"_ _0\"></span>a E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ro 6,1 m<span class=\"_ _1\"></span>ilioni derivante dall\u2019Aff<span class=\"_ _1\"></span>ranc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>mento e (ii)<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompone<span class=\"_ _1\"></span>nte d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> reddito <span class=\"_ _b\"></span>positiva <span class=\"_ _b\"></span>st<span class=\"_ _1\"></span>raordinaria <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferita <span class=\"_ _b\"></span>al <span class=\"_ _b\"></span>badwill <span class=\"_ _0\"></span>evidenziato <span class=\"_ _b\"></span>sull\u2019ac<span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>uisizio<span class=\"_ _1\"></span>ne <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Kairos <span class=\"_ _b\"></span>SGR <span class=\"_ _0\"></span>per <span class=\"_ _b\"></span>circa Euro <span class=\"_ _17\"> </span>8,7 <span class=\"_ _19\"> </span>mi<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>oni <span class=\"_ _1b\"> </span>che <span class=\"_ _17\"> </span>no<span class=\"_ _1\"></span>n <span class=\"_ _17\"> </span>ha <span class=\"_ _1b\"> </span>rilevanza <span class=\"_ _1b\"> </span>fiscale; <span class=\"_ _1b\"> </span>neutralizzando <span class=\"_ _1b\"> </span>il <span class=\"_ _1b\"> </span>loro <span class=\"_ _17\"> </span>e<span class=\"_ _1\"></span>ff<span class=\"_ _0\"></span>ett<span class=\"_ _3\"></span>o, <span class=\"_ _17\"> </span>il <span class=\"_ _1b\"> </span>rapporto <span class=\"_ _1b\"> </span>% evidenzierebbe un<span class=\"_ _1\"></span>\u2019aliquota pari al 3<span class=\"_ _1\"></span>1,95%. 18.2 Riconciliazion<span class=\"_ _1\"></span>e tra onere fiscale teor<span class=\"_ _1\"></span>ico ed onere<span class=\"_ _1\"></span> fiscale effettivo di bilan<span class=\"_ _1\"></span>cio Dati riferiti al 31 <span class=\"_ _1\"></span>dicembre 2024<span class=\"_ _3\"></span> <table class=\"s w88c h3c5\" id=\"_649e01b8-7f81-449f-a3e3-16f5a3b1b29a\"><tr><td></td><td></td><td class=\"c n x9d0 y1b30 w88d h344\"><div class=\"t m37 x17f h115 y1b2f ff3 fs67 fc1 sc0 ls0 ws0\">IRE<span class=\"_ _0\"></span>S<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x9d1 y1b30 w88e h344\"><div class=\"t m37 x17f h115 y1b2f ff3 fs67 fc1 sc0 ls0 ws0\">IRA<span class=\"_ _0\"></span>P<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n x9d2 y1b32 w88f h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">Impo<span class=\"_ _3\"></span>nibile<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9d3 y1b32 w890 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">I<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>post<span class=\"_ _0\"></span>a</div></td><td class=\"c n x9d4 y1b32 w891 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">Impon<span class=\"_ _1\"></span>ib<span class=\"_ _1\"></span>ile<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9d5 y1b32 w890 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">I<span class=\"_ _0\"></span>mp<span class=\"_ _3\"></span>ost<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m37 x41c h116 y1b33 ff2 fs67 fc1 sc0 ls0 ws0\">Ut<span class=\"_ _0\"></span>ile prima delle<span class=\"_ _0\"></span> imp<span class=\"_ _3\"></span>os<span class=\"_ _0\"></span>te<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1b34 w892 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">Ut<span class=\"_ _0\"></span>ile prima delle<span class=\"_ _0\"></span> imp<span class=\"_ _3\"></span>os<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span> rileva<span class=\"_ _0\"></span>nte <span class=\"_ _0\"></span>ai f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ni I<span class=\"_ _0\"></span>RES<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9d6 y1b34 w893 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">321<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>80<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1b35 w894 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">Onere fis<span class=\"_ _0\"></span>cale<span class=\"_ _0\"></span> teorico IR<span class=\"_ _0\"></span>ES<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x9d7 y1b35 w895 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>0.93<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1b36 w896 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">Aliqu<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span> fisca<span class=\"_ _0\"></span>le t<span class=\"_ _0\"></span>eorica <span class=\"_ _0\"></span>IRE<span class=\"_ _0\"></span>S<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x9d8 y1b36 w897 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">24<span class=\"_ _0\"></span>,00%<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1b37 w898 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">D<span class=\"_ _1\"></span>if<span class=\"_ _0\"></span>ferenz<span class=\"_ _1\"></span>a<span class=\"_ _0\"></span> tra <span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>lore e cost<span class=\"_ _0\"></span>o d<span class=\"_ _1\"></span>ella<span class=\"_ _0\"></span> prod<span class=\"_ _3\"></span>uzione<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x9d9 y1b37 w895 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>43.9<span class=\"_ _0\"></span>49<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1b38 w899 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">Onere fis<span class=\"_ _0\"></span>cale<span class=\"_ _0\"></span> teorico IR<span class=\"_ _0\"></span>AP<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x9da y1b38 w89a h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">30<span class=\"_ _0\"></span>.298<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b39 w89b h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">Aliqu<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span> fisca<span class=\"_ _0\"></span>le t<span class=\"_ _0\"></span>eorica <span class=\"_ _0\"></span>IRAP<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x9db y1b39 w89c h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>57<span class=\"_ _0\"></span>%<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b3a w89d h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">D<span class=\"_ _1\"></span>if<span class=\"_ _0\"></span>ferenz<span class=\"_ _1\"></span>e t<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span> -<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>bilanci i<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>divi<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>uali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9dc y1b3a w89a h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">29<span class=\"_ _0\"></span>.216<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9dd y1b3a w89e h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>.012</div></td><td class=\"c n x9de y1b3a w895 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>03.1<span class=\"_ _0\"></span>01<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9df y1b3a w89f h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">5.7<span class=\"_ _0\"></span>43<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b3b w8a0 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">D<span class=\"_ _1\"></span>if<span class=\"_ _0\"></span>ferenz<span class=\"_ _1\"></span>e dedu<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ib<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li  <span class=\"_ _0\"></span>- <span class=\"_ _1\"></span>bila<span class=\"_ _0\"></span>nc<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> ind<span class=\"_ _3\"></span>iv<span class=\"_ _0\"></span>iduali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9e0 y1b3b w8a1 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>212<span class=\"_ _0\"></span>.617<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9e1 y1b3b w8a2 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">(5<span class=\"_ _0\"></span>1.02<span class=\"_ _0\"></span>8)</div></td><td class=\"c n x9e2 y1b3b w8a3 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>193<span class=\"_ _0\"></span>.311<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9e3 y1b3b w8a4 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>10.7<span class=\"_ _0\"></span>67<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b3c w8a5 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">D<span class=\"_ _1\"></span>if<span class=\"_ _0\"></span>ferenz<span class=\"_ _1\"></span>e dedu<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ib<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li/<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bili  - b<span class=\"_ _1\"></span>ila<span class=\"_ _0\"></span>ncio<span class=\"_ _1\"></span> c<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>ns<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>lidat<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9e4 y1b3c w8a6 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">22<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>81<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x9e5 y1b3c w8a7 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b3d w8a8 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">Impon<span class=\"_ _3\"></span>ibile<span class=\"_ _0\"></span> IR<span class=\"_ _0\"></span>ES<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9e6 y1b3d w8a9 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">362<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1b3e w8aa h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">IR<span class=\"_ _0\"></span>ES c<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>rrente<span class=\"_ _0\"></span> sul reddito d<span class=\"_ _1\"></span>ell<span class=\"_ _0\"></span>'esercizio<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x9e7 y1b3e w8ab h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">8<span class=\"_ _0\"></span>6.92<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1b3f w8ac h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">Impon<span class=\"_ _3\"></span>ibile<span class=\"_ _0\"></span> IR<span class=\"_ _0\"></span>A<span class=\"_ _1\"></span>P<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x9e8 y1b3f w895 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">45<span class=\"_ _0\"></span>3.73<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1b40 w8ad h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">IR<span class=\"_ _0\"></span>AP <span class=\"_ _1\"></span>corren<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>e per l'ese<span class=\"_ _0\"></span>rcizio<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x9e9 y1b40 w8ae h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">25<span class=\"_ _0\"></span>.273<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b41 w8af h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">Impost<span class=\"_ _0\"></span>e Soc<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _0\"></span> E<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tere<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x9ea y1b41 w8a7 h37f\"><div class=\"t m37 x17f h116 y1b31 ff2 fs67 fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w8b0 h344\"><div class=\"t m37 x17f h115 y1b2f ff3 fs67 fc1 sc0 ls0 ws0\">On<span class=\"_ _0\"></span>ere f<span class=\"_ _1\"></span>iscale rilevato<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x9eb y16d8 w8b1 h344\"><div class=\"t m37 x17f h115 y1b2f ff3 fs67 fc1 sc0 ls0 ws0\">86<span class=\"_ _0\"></span>.922<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x9ec y16d8 w8b2 h344\"><div class=\"t m37 x17f h115 y1b2f ff3 fs67 fc1 sc0 ls0 ws0\">25<span class=\"_ _0\"></span>.273<span class=\"_ _4a1\"> </span></div></td></tr></table><table class=\"s w8b3 h3c6\" id=\"_38fcc5ab-9cf3-47e4-8f3d-a51fa12f3d0f\"><tr><td class=\"t m1 x9ed h4 y1b42 ff2 fs2 fc1 sc0 ls0 ws0\">Dati riferiti al 31 <span class=\"_ _1\"></span>dicembre 2023 <span class=\"_ _3\"></span><span class=\"ff5\"> </span></td><td class=\"c n x9ee y1b43 w8b4 h37f\"><div class=\"t m38 x17f h117 y16f3 ff3 fs68 fc1 sc0 ls0 ws0\">IRE<span class=\"_ _0\"></span>S<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x9ef y1b43 w8b5 h37f\"><div class=\"t m38 x17f h117 y16f3 ff3 fs68 fc1 sc0 ls0 ws0\">IRA<span class=\"_ _0\"></span>P<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"t m38 x9f0 h118 y1b44 ff2 fs68 fc1 sc0 ls0 ws0\">Util<span class=\"_ _0\"></span>e prim<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span>delle impost<span class=\"_ _0\"></span>e<span class=\"_ _4a1\"> </span></td><td class=\"c n x9f1 y1b46 w8b6 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">Impo<span class=\"_ _3\"></span>nibile<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9f2 y1b46 w8b7 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">Impo<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9f3 y1b46 w8b8 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">I<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>pon<span class=\"_ _1\"></span>ibile<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9f4 y1b46 w8b7 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">I<span class=\"_ _0\"></span>mpo<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1b3 y1b47 w8b9 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">Util<span class=\"_ _0\"></span>e prim<span class=\"_ _1\"></span>a <span class=\"_ _0\"></span>delle impost<span class=\"_ _0\"></span>e rilev<span class=\"_ _0\"></span>ante a<span class=\"_ _0\"></span>i fi<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>i IR<span class=\"_ _0\"></span>ES<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9f5 y1b47 w8ba h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>19.8<span class=\"_ _0\"></span>27<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b3 y1b48 w8bb h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">On<span class=\"_ _1\"></span>ere <span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>is<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>le t<span class=\"_ _0\"></span>eor<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>co <span class=\"_ _1\"></span>I<span class=\"_ _0\"></span>RE<span class=\"_ _0\"></span>S<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x9f6 y1b48 w8ba h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">10<span class=\"_ _0\"></span>3.34<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1b3 y1b49 w8bc h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">Aliqu<span class=\"_ _3\"></span>ota<span class=\"_ _0\"></span> fis<span class=\"_ _0\"></span>cale<span class=\"_ _0\"></span> teorica<span class=\"_ _0\"></span> IR<span class=\"_ _0\"></span>ES<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n x9f7 y1b49 w8bd h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>4,00%<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1b3 y1b4a w8be h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">D<span class=\"_ _1\"></span>ifferenza<span class=\"_ _0\"></span> tra<span class=\"_ _0\"></span> va<span class=\"_ _0\"></span>lore e cost<span class=\"_ _0\"></span>o d<span class=\"_ _3\"></span>el<span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>pro<span class=\"_ _3\"></span>duzio<span class=\"_ _3\"></span>ne<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n x9f8 y1b4a w8bf h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>28<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b3 y1b4b w8c0 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">On<span class=\"_ _1\"></span>ere <span class=\"_ _0\"></span>f<span class=\"_ _1\"></span>is<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>le t<span class=\"_ _0\"></span>eor<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>co <span class=\"_ _1\"></span>I<span class=\"_ _0\"></span>RAP<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x725 y1b4b w8c1 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">22.1<span class=\"_ _0\"></span>87<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1b3 y1b4c w8c2 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">Aliqu<span class=\"_ _3\"></span>ota<span class=\"_ _0\"></span> fis<span class=\"_ _0\"></span>cale<span class=\"_ _0\"></span> teorica<span class=\"_ _0\"></span> IR<span class=\"_ _0\"></span>AP<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x9f9 y1b4c w8c3 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>%<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1b3 y1b4d w8c4 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">D<span class=\"_ _1\"></span>ifferenze t<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>abili - bilanci i<span class=\"_ _0\"></span>nd<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vidu<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9fa y1b4d w8c5 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">4.1<span class=\"_ _0\"></span>63<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9fb y1b4d w8c6 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">999<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9fc y1b4d w8c1 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">20<span class=\"_ _0\"></span>.374<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9fd y1b4d w8c7 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>13<span class=\"_ _0\"></span>5<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1b3 y1b4e w8c8 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">D<span class=\"_ _1\"></span>ifferenze deduci<span class=\"_ _1\"></span>bili  <span class=\"_ _0\"></span>-<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>bilanci ind<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>du<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>li<span class=\"_ _4a1\"> </span></div></td><td class=\"c n x9fe y1b4e w8c9 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>8.57<span class=\"_ _0\"></span>6)</div></td><td class=\"c n x9ff y1b4e w8ca h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>.658<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa00 y1b4e w8cb h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>87<span class=\"_ _0\"></span>.595)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa01 y1b4e w8cc h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>4.87<span class=\"_ _0\"></span>9)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1b3 y1b4f w8cd h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">D<span class=\"_ _1\"></span>ifferenze deduci<span class=\"_ _1\"></span>bili/<span class=\"_ _0\"></span>tas<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>  - b<span class=\"_ _1\"></span>ila<span class=\"_ _0\"></span>ncio co<span class=\"_ _3\"></span>nsolidat<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa02 y1b4f w8ce h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">210.<span class=\"_ _0\"></span>768<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n xa03 y1b4f w8cf h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1b3 y1b50 w8d0 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">Impo<span class=\"_ _3\"></span>nibile I<span class=\"_ _0\"></span>RES<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa04 y1b50 w8ba h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">23<span class=\"_ _0\"></span>6.18<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1b3 y1b51 w8d1 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">IR<span class=\"_ _0\"></span>ES corrente s<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>l reddit<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> dell'eserciz<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa05 y1b51 w8d2 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>6.684<span class=\"_ _4a1\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1b3 y1b52 w8d3 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">Impo<span class=\"_ _3\"></span>nibile I<span class=\"_ _0\"></span>RAP<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n xa06 y1b52 w8ba h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>33.3<span class=\"_ _0\"></span>41<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1b3 y1b53 w8d4 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">IR<span class=\"_ _0\"></span>AP<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>cor<span class=\"_ _3\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>per<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>l'esercizi<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n xa07 y1b53 w8c1 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">18<span class=\"_ _0\"></span>.423<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1b3 y1b54 w8d5 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">Impo<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>e Societ<span class=\"_ _0\"></span>\u00e0 Es<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td></td><td class=\"c n xa08 y1b54 w8d6 h38d\"><div class=\"t m38 x17f h118 y1b45 ff2 fs68 fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1b3 y16d8 w8d7 h37f\"><div class=\"t m38 x17f h117 y16f3 ff3 fs68 fc1 sc0 ls0 ws0\">Onere fiscale rilevat<span class=\"_ _0\"></span>o<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa09 y16d8 w8d8 h37f\"><div class=\"t m38 x17f h117 y16f3 ff3 fs68 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>6.68<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa0a y16d8 w8d9 h37f\"><div class=\"t m38 x17f h117 y16f3 ff3 fs68 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>8.423</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-468": {
   "value": "<div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs82e\">1.1 Informazioni re<span class=\"_ _1\"></span>lative agli i<span class=\"_ _1\"></span>mpegni, garanzi<span class=\"_ _1\"></span>e e b<span class=\"_ _1\"></span>eni di terzi  </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs82f\">1.1.1 Impegni e gar<span class=\"_ _1\"></span>anzie rilasciate a terzi (dive<span class=\"_ _1\"></span>rse da q<span class=\"_ _3\"></span>uelle indicate nelle altre sezion<span class=\"_ _1\"></span>i) </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs830\">Si ricorda che, per le operazioni di acq<span class=\"_ _1\"></span>uisizione effe<span class=\"_ _1\"></span>ttuate nel corso del 2017 e del 2018 con il Gruppo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs831\">Banco <span class=\"_ _211\"> </span>BPM <span class=\"_ _c\"> </span>e  con <span class=\"_ _211\"> </span>i<span class=\"_ _0\"></span>l  Gruppo  Po<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>, <span class=\"_ _c\"> </span>gli <span class=\"_ _211\"> </span>accordi  definiti <span class=\"_ _211\"> </span>(cos\u00ec <span class=\"_ _211\"> </span>come <span class=\"_ _c\"> </span>integrati/m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>difi<span class=\"_ _1\"></span>cati <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>a  quanto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs832\">sottoscritto <span class=\"_ _f\"> </span>nel <span class=\"_ _f\"> </span>corso <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l  20<span class=\"_ _1\"></span>20)  p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>vedono, <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>linea <span class=\"_ _f\"> </span>co<span class=\"_ _0\"></span>n <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>prassi <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>operazioni <span class=\"_ _f\"> </span>analoghe, <span class=\"_ _f\"> </span>specifici </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs833\">meccanismi di protezione e <span class=\"_ _1\"></span>garanzia (ad esempi<span class=\"_ _1\"></span>o meccanismi di aggiustame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to prezzo<span class=\"_ _1\"></span>, meccanismi di<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs834\">earn-in <span class=\"_ _0\"></span>/ <span class=\"_ _b\"></span>earn-out, <span class=\"_ _b\"></span><span class=\"ff2\">mantenimento <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>determinati <span class=\"_ _b\"></span>liv<span class=\"_ _3\"></span>el<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ote <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>mercato <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>parte <span class=\"_ _b\"></span>delle <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>oparti<span class=\"_ _1\"></span> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs835\">dei <span class=\"_ _211\"> </span>prodotti  gestiti  d<span class=\"_ _0\"></span>al  Gruppo,<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span>meccanismi  d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>verifica  dell<span class=\"_ _0\"></span>a  perfor<span class=\"_ _1\"></span>mance <span class=\"_ _211\"> </span>dei <span class=\"_ _211\"> </span>prodotti  gestiti  dal </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs836\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o e rimedi in caso di <span class=\"ff5\">und<span class=\"_ _1\"></span>erperforman<span class=\"_ _1\"></span>ce<span class=\"ff2\"> degli stessi</span>)<span class=\"ff2\">. </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs837\">Per <span class=\"_ _f\"> </span>maggiori<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>dettagli, <span class=\"_ _6\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>rimanda <span class=\"_ _f\"> </span>al <span class=\"_ _6\"></span>Capitolo <span class=\"_ _f\"> </span>XXII <span class=\"_ _6\"></span>del <span class=\"_ _f\"> </span>Prospetto <span class=\"_ _f\"> </span>In<span class=\"_ _1\"></span>formativo <span class=\"_ _f\"> </span>pu<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>blicato<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>23 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs838\">marzo <span class=\"_ _211\"> </span>2<span class=\"_ _0\"></span>018  r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _c\"> </span>all\u2019aument<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>di <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _c\"> </span>e <span class=\"_ _211\"> </span>ai <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>ocumenti<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>informativi <span class=\"_ _211\"> </span>relativi <span class=\"_ _c\"> </span>ad <span class=\"_ _c\"> </span>operazioni <span class=\"_ _211\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs839\">maggiore <span class=\"_ _6\"></span>rilev<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nza <span class=\"_ _f\"> </span>con <span class=\"_ _6\"></span>parti <span class=\"_ _6\"></span>correlate <span class=\"_ _f\"></span>pu<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>blicate <span class=\"_ _5\"></span>in <span class=\"_ _f\"> </span>data <span class=\"_ _5\"></span>7 <span class=\"_ _f\"> </span>aprile <span class=\"_ _6\"></span>2020 <span class=\"_ _f\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>data <span class=\"_ _f\"> </span>2<span class=\"_ _1\"></span>1 <span class=\"_ _f\"> </span>ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>020,<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs83a\">disponibili sul sito <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella So<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs83b\">Si segnala, inolt<span class=\"_ _1\"></span>re, che il Gruppo a<span class=\"_ _1\"></span>l 31 dicembre 20<span class=\"_ _1\"></span>24 ha sottoscritto i se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>nti impegni: </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs83c\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">FIA chiuso AA<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>gestito <span class=\"_ _1\"></span>da Anima Alte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>nati<span class=\"_ _1\"></span>ve: impo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to sotto<span class=\"_ _3\"></span>scri<span class=\"_ _0\"></span>tto<span class=\"_ _3\"></span> Euro 15 milio<span class=\"_ _1\"></span>ni, di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ui s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs83d\">stati richiamati complessivame<span class=\"_ _1\"></span>nte circ<span class=\"_ _0\"></span>a E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ro 13 mi<span class=\"_ _1\"></span>lioni e pertanto r<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>iduano impegni totali di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs83e\">circa Euro 2 milioni<span class=\"_ _3\"></span>; </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs83f\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">FIA <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>hius<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>AA2, <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>Anima <span class=\"_ _6\"></span>Alternative<span class=\"_ _1\"></span>: <span class=\"_ _6\"></span>importo <span class=\"_ _5\"></span>sottoscritto <span class=\"_ _5\"></span>Euro <span class=\"_ _6\"></span>10,3 <span class=\"_ _5\"></span>milioni, <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>cui </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs840\">sono <span class=\"_ _6\"></span>stati<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>richiamati <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>lessivamente <span class=\"_ _5\"></span>circa <span class=\"_ _5\"></span>Euro <span class=\"_ _5\"></span>3,8 <span class=\"_ _6\"></span>mili<span class=\"_ _1\"></span>oni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>tanto <span class=\"_ _5\"></span>residuano <span class=\"_ _5\"></span>impegni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs841\">totali di circa Euro 6,<span class=\"_ _1\"></span>6 milioni; </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs842\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">FIA Immobiliare G<span class=\"_ _1\"></span>EM Fund, gest<span class=\"_ _1\"></span>ito da Castello SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>: impo<span class=\"_ _1\"></span>rto sottoscritto Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o 10,5 <span class=\"_ _1\"></span>milioni, di<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs843\">cui so<span class=\"_ _1\"></span>no st<span class=\"_ _1\"></span>ati <span class=\"_ _3\"></span>richiamati <span class=\"_ _3\"></span>complessivamente <span class=\"_ _3\"></span>circa E<span class=\"_ _3\"></span>uro 7,<span class=\"_ _1\"></span>4 m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>oni e<span class=\"_ _3\"></span> pertanto <span class=\"_ _3\"></span>residuano <span class=\"_ _3\"></span>impegni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs844\">totali di circa Euro 3,<span class=\"_ _1\"></span>1 milioni; </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs845\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">HIIP <span class=\"_ _b\"></span>Sicaf <span class=\"_ _b\"></span>S.p.A., <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _b\"></span>gestita <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>C<span class=\"_ _0\"></span>astello <span class=\"_ _b\"></span>SG<span class=\"_ _1\"></span>R: <span class=\"_ _b\"></span>importo <span class=\"_ _b\"></span>complessivo <span class=\"_ _b\"></span>impeg<span class=\"_ _1\"></span>nato <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>rca <span class=\"_ _b\"></span>E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs846\">5,1 <span class=\"_ _f\"> </span>milioni, <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>cui  s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>stati <span class=\"_ _f\"> </span>richiamati <span class=\"_ _6\"></span>complessiv<span class=\"_ _1\"></span>amente <span class=\"_ _f\"> </span>circa <span class=\"_ _f\"> </span>Euro <span class=\"_ _6\"></span>2,4 <span class=\"_ _f\"> </span>milioni <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>pertant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs847\">residuano impe<span class=\"_ _1\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>compless<span class=\"_ _3\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> per circa Euro 2,7 <span class=\"_ _3\"></span>milioni; </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs848\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">FIA c<span class=\"_ _0\"></span>hiuso <span class=\"_ _0\"></span>Kair<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>s Ventures <span class=\"_ _0\"></span>ESG <span class=\"_ _0\"></span>O<span class=\"_ _1\"></span>ne, <span class=\"_ _0\"></span>gestito d<span class=\"_ _0\"></span>a Kairos <span class=\"_ _0\"></span>SGR: <span class=\"_ _0\"></span>imp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>complessivo <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>pegnat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs849\">Euro <span class=\"_ _b\"></span>100 <span class=\"_ _b\"></span>migli<span class=\"_ _0\"></span>aia, <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>cui <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>stati <span class=\"_ _b\"></span>richiamati <span class=\"_ _b\"></span>Euro<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>36 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>igliaia <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>pertanto <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>uano<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>impegni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs84a\">pari a Euro 64 mi<span class=\"_ _1\"></span>gliaia;  </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs84b\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Castello <span class=\"_ _c\"> </span>SGR ha <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>esse<span class=\"_ _1\"></span>re <span class=\"_ _c\"> </span>im<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>un <span class=\"_ _c\"> </span>impor<span class=\"_ _1\"></span>to <span class=\"_ _c\"> </span>complessivo <span class=\"_ _c\"> </span>di <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>ir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a <span class=\"_ _211\"> </span>E<span class=\"_ _0\"></span>ur<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9 <span class=\"_ _c\"> </span>milioni, </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs84c\">costituiti <span class=\"_ _e\"> </span>principalmente <span class=\"_ _e\"> </span>da <span class=\"_ _e\"> </span>liquidit\u00e0 <span class=\"_ _e\"> </span>depositat<span class=\"_ _1\"></span>a <span class=\"_ _e\"> </span>su <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>/c <span class=\"_ _e\"> </span>intestati <span class=\"_ _d\"> </span>alla <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>ontrollata<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>ma <span class=\"_ _e\"> </span>di<span class=\"_ _4a1\"> </span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs84e\">pertinenza <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>16 <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndi <span class=\"_ _6\"></span>liquidati, <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ncolata <span class=\"_ _5\"></span>pr<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>depositari<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>sino <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>completamento <span class=\"_ _5\"></span>del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs84f\">processo di liquidazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne degl<span class=\"_ _1\"></span>i stessi.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs850\">Infine, <span class=\"_ _f\"> </span>si <span class=\"_ _6\"></span>segnala <span class=\"_ _6\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>icemb<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>2024 <span class=\"_ _6\"></span>(i) <span class=\"_ _f\"> </span>la <span class=\"_ _6\"></span>Societ\u00e0 <span class=\"_ _5\"></span>h<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>ri<span class=\"_ _0\"></span>le<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ato <span class=\"_ _6\"></span>una <span class=\"_ _f\"></span>f<span class=\"_ _1\"></span>idejussione <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>Euro <span class=\"_ _6\"></span>0,575 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs851\">milioni, <span class=\"_ _5\"></span>rilasciata<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>proprietario <span class=\"_ _b\"></span>dell\u2019immobile <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>Corso <span class=\"_ _b\"></span>G<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>baldi <span class=\"_ _b\"></span>99 <span class=\"_ _5\"></span>\u2013 <span class=\"_ _5\"></span>Milano <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>(ii) <span class=\"_ _b\"></span>Castello <span class=\"_ _5\"></span>SGR <span class=\"_ _b\"></span>ha </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs852\">rilevato <span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>idej<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ssi<span class=\"_ _1\"></span>oni <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>un <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lore <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omplessiv<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>155 <span class=\"_ _b\"></span>milioni, <span class=\"_ _0\"></span>rilasciate <span class=\"_ _b\"></span>ai<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>proprietari </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs853\">degli immobili della se<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e d<span class=\"_ _1\"></span>i Milano e Roma, tutte <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rr<span class=\"_ _0\"></span>elate a<span class=\"_ _1\"></span>i contratti <span class=\"_ _1\"></span>di locazione in essere<span class=\"_ _3\"></span>.<span class=\"fs7\"> </span></div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs854\">1.1.2 Impegni relativi ai<span class=\"_ _1\"></span> fondi pensione g<span class=\"_ _3\"></span>est<span class=\"_ _0\"></span>iti con g<span class=\"_ _1\"></span>aranzia di r<span class=\"_ _1\"></span>estituzione del capitale<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs855\">Si <span class=\"_ _1f\"> </span>co<span class=\"_ _0\"></span>nferma <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>he, <span class=\"_ _1f\"> </span>per <span class=\"_ _1f\"> </span>i <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mparti <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _1f\"> </span>fondo <span class=\"_ _15\"> </span>pensione <span class=\"_ _1f\"> </span>aperto <span class=\"_ _15\"> </span>Arti <span class=\"_ _1f\"> </span>&amp; <span class=\"_ _1f\"> </span>Mestieri <span class=\"_ _15\"> </span>\u201cG<span class=\"_ _0\"></span>ara<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>zia <span class=\"_ _16\"> </span>1<span class=\"_ _0\"></span>+\u201d <span class=\"_ _1f\"> </span>ed </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs856\">\u201cIncremento <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>Gar<span class=\"_ _0\"></span>anzia <span class=\"_ _0\"></span>5+\u201d, <span class=\"_ _b\"></span>nonch\u00e9 <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>compar<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>\u201cLinea <span class=\"_ _b\"></span>Garantita\u201d <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndo <span class=\"_ _b\"></span>pensione <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>oziale<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs857\">\u201cExtenso\u201d  ricevuto  in<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>delega,  la  cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollata  Anim<span class=\"_ _1\"></span>a  SGR  fornisce  gara<span class=\"_ _1\"></span>nzia  ai  sottoscrittori <span class=\"_ _f\"> </span>ci<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ca  la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs140\">corresponsione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mpo<span class=\"_ _1\"></span>rto m<span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mo, <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>quanto <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ttos<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritto <span class=\"_ _3\"></span>dall\u2019aderente, <span class=\"_ _3\"></span>indipendenteme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>dai<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs858\">risultati di gestione<span class=\"_ _1\"></span>. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs859\">Si <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>imanda <span class=\"_ _b\"></span>a <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>illustrato <span class=\"_ _b\"></span>nella <span class=\"_ _5\"></span>\u201cParte <span class=\"_ _5\"></span>B <span class=\"_ _b\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>Informazioni <span class=\"_ _b\"></span>sullo <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>Patrimoniale <span class=\"_ _b\"></span>\u2013 <span class=\"_ _5\"></span>Sezione <span class=\"_ _b\"></span>1<span class=\"_ _0\"></span>0 <span class=\"_ _b\"></span>\u2013 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs85a\">Fondi per rischi e o<span class=\"_ _1\"></span>neri \u2013 Voce 100\u201d della pre<span class=\"_ _3\"></span>sen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>No<span class=\"_ _0\"></span>ta inte<span class=\"_ _1\"></span>grativa consolidata<span class=\"_ _1\"></span> per maggio<span class=\"_ _1\"></span>ri dettagli.<span class=\"_ _1\"></span> </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-47": {
   "value": "1.1 Informazioni re<span class=\"_ _1\"></span>lative agli i<span class=\"_ _1\"></span>mpegni, garanzi<span class=\"_ _1\"></span>e e b<span class=\"_ _1\"></span>eni di terzi  1.1.1 Impegni e gar<span class=\"_ _1\"></span>anzie rilasciate a terzi (dive<span class=\"_ _1\"></span>rse da q<span class=\"_ _3\"></span>uelle indicate nelle altre sezion<span class=\"_ _1\"></span>i) Si ricorda che, per le operazioni di acq<span class=\"_ _1\"></span>uisizione effe<span class=\"_ _1\"></span>ttuate nel corso del 2017 e del 2018 con il Gruppo Banco <span class=\"_ _211\"> </span>BPM <span class=\"_ _c\"> </span>e  con <span class=\"_ _211\"> </span>i<span class=\"_ _0\"></span>l  Gruppo  Po<span class=\"_ _0\"></span>ste<span class=\"_ _3\"></span>, <span class=\"_ _c\"> </span>gli <span class=\"_ _211\"> </span>accordi  definiti <span class=\"_ _211\"> </span>(cos\u00ec <span class=\"_ _211\"> </span>come <span class=\"_ _c\"> </span>integrati/m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>difi<span class=\"_ _1\"></span>cati <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>a  quanto sottoscritto <span class=\"_ _f\"> </span>nel <span class=\"_ _f\"> </span>corso <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l  20<span class=\"_ _1\"></span>20)  p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>vedono, <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>linea <span class=\"_ _f\"> </span>co<span class=\"_ _0\"></span>n <span class=\"_ _f\"> </span>la <span class=\"_ _f\"> </span>prassi <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>operazioni <span class=\"_ _f\"> </span>analoghe, <span class=\"_ _f\"> </span>specifici meccanismi di protezione e <span class=\"_ _1\"></span>garanzia (ad esempi<span class=\"_ _1\"></span>o meccanismi di aggiustame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to prezzo<span class=\"_ _1\"></span>, meccanismi di<span class=\"_ _1\"></span> earn-in <span class=\"_ _0\"></span>/ <span class=\"_ _b\"></span>earn-out, <span class=\"_ _b\"></span><span class=\"ff2\">mantenimento <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>determinati <span class=\"_ _b\"></span>liv<span class=\"_ _3\"></span>el<span class=\"_ _0\"></span>li <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ote <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>mercato <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>parte <span class=\"_ _b\"></span>delle <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>oparti<span class=\"_ _1\"></span> </span>dei <span class=\"_ _211\"> </span>prodotti  gestiti  d<span class=\"_ _0\"></span>al  Gruppo,<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span>meccanismi  d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>verifica  dell<span class=\"_ _0\"></span>a  perfor<span class=\"_ _1\"></span>mance <span class=\"_ _211\"> </span>dei <span class=\"_ _211\"> </span>prodotti  gestiti  dal Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o e rimedi in caso di <span class=\"ff5\">und<span class=\"_ _1\"></span>erperforman<span class=\"_ _1\"></span>ce<span class=\"ff2\"> degli stessi</span>)<span class=\"ff2\">. </span></span>Per <span class=\"_ _f\"> </span>maggiori<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>dettagli, <span class=\"_ _6\"></span>si<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>rimanda <span class=\"_ _f\"> </span>al <span class=\"_ _6\"></span>Capitolo <span class=\"_ _f\"> </span>XXII <span class=\"_ _6\"></span>del <span class=\"_ _f\"> </span>Prospetto <span class=\"_ _f\"> </span>In<span class=\"_ _1\"></span>formativo <span class=\"_ _f\"> </span>pu<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>blicato<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>23 marzo <span class=\"_ _211\"> </span>2<span class=\"_ _0\"></span>018  r<span class=\"_ _0\"></span>elati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o <span class=\"_ _c\"> </span>all\u2019aument<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>di <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _c\"> </span>e <span class=\"_ _211\"> </span>ai <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>ocumenti<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>informativi <span class=\"_ _211\"> </span>relativi <span class=\"_ _c\"> </span>ad <span class=\"_ _c\"> </span>operazioni <span class=\"_ _211\"> </span>di maggiore <span class=\"_ _6\"></span>rilev<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nza <span class=\"_ _f\"> </span>con <span class=\"_ _6\"></span>parti <span class=\"_ _6\"></span>correlate <span class=\"_ _f\"></span>pu<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>blicate <span class=\"_ _5\"></span>in <span class=\"_ _f\"> </span>data <span class=\"_ _5\"></span>7 <span class=\"_ _f\"> </span>aprile <span class=\"_ _6\"></span>2020 <span class=\"_ _f\"> </span>e<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>data <span class=\"_ _f\"> </span>2<span class=\"_ _1\"></span>1 <span class=\"_ _f\"> </span>ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio <span class=\"_ _5\"></span>2<span class=\"_ _0\"></span>020,<span class=\"_ _1\"></span> disponibili sul sito <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ella So<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0. Si segnala, inolt<span class=\"_ _1\"></span>re, che il Gruppo a<span class=\"_ _1\"></span>l 31 dicembre 20<span class=\"_ _1\"></span>24 ha sottoscritto i se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ue<span class=\"_ _1\"></span>nti impegni: <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">FIA chiuso AA<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>, <span class=\"_ _1\"></span>gestito <span class=\"_ _1\"></span>da Anima Alte<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>nati<span class=\"_ _1\"></span>ve: impo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>to sotto<span class=\"_ _3\"></span>scri<span class=\"_ _0\"></span>tto<span class=\"_ _3\"></span> Euro 15 milio<span class=\"_ _1\"></span>ni, di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ui s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no </span></span>stati richiamati complessivame<span class=\"_ _1\"></span>nte circ<span class=\"_ _0\"></span>a E<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ro 13 mi<span class=\"_ _1\"></span>lioni e pertanto r<span class=\"_ _0\"></span>es<span class=\"_ _1\"></span>iduano impegni totali di circa Euro 2 milioni<span class=\"_ _3\"></span>; <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">FIA <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>hius<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>AA2, <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>da <span class=\"_ _5\"></span>Anima <span class=\"_ _6\"></span>Alternative<span class=\"_ _1\"></span>: <span class=\"_ _6\"></span>importo <span class=\"_ _5\"></span>sottoscritto <span class=\"_ _5\"></span>Euro <span class=\"_ _6\"></span>10,3 <span class=\"_ _5\"></span>milioni, <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>cui </span></span>sono <span class=\"_ _6\"></span>stati<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>richiamati <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>lessivamente <span class=\"_ _5\"></span>circa <span class=\"_ _5\"></span>Euro <span class=\"_ _5\"></span>3,8 <span class=\"_ _6\"></span>mili<span class=\"_ _1\"></span>oni <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>tanto <span class=\"_ _5\"></span>residuano <span class=\"_ _5\"></span>impegni totali di circa Euro 6,<span class=\"_ _1\"></span>6 milioni; <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">FIA Immobiliare G<span class=\"_ _1\"></span>EM Fund, gest<span class=\"_ _1\"></span>ito da Castello SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>: impo<span class=\"_ _1\"></span>rto sottoscritto Eu<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o 10,5 <span class=\"_ _1\"></span>milioni, di<span class=\"_ _1\"></span> </span></span>cui so<span class=\"_ _1\"></span>no st<span class=\"_ _1\"></span>ati <span class=\"_ _3\"></span>richiamati <span class=\"_ _3\"></span>complessivamente <span class=\"_ _3\"></span>circa E<span class=\"_ _3\"></span>uro 7,<span class=\"_ _1\"></span>4 m<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>oni e<span class=\"_ _3\"></span> pertanto <span class=\"_ _3\"></span>residuano <span class=\"_ _3\"></span>impegni totali di circa Euro 3,<span class=\"_ _1\"></span>1 milioni; <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">HIIP <span class=\"_ _b\"></span>Sicaf <span class=\"_ _b\"></span>S.p.A., <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _b\"></span>gestita <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>C<span class=\"_ _0\"></span>astello <span class=\"_ _b\"></span>SG<span class=\"_ _1\"></span>R: <span class=\"_ _b\"></span>importo <span class=\"_ _b\"></span>complessivo <span class=\"_ _b\"></span>impeg<span class=\"_ _1\"></span>nato <span class=\"_ _b\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>rca <span class=\"_ _b\"></span>E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro </span></span>5,1 <span class=\"_ _f\"> </span>milioni, <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>cui  s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>stati <span class=\"_ _f\"> </span>richiamati <span class=\"_ _6\"></span>complessiv<span class=\"_ _1\"></span>amente <span class=\"_ _f\"> </span>circa <span class=\"_ _f\"> </span>Euro <span class=\"_ _6\"></span>2,4 <span class=\"_ _f\"> </span>milioni <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>pertant<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> residuano impe<span class=\"_ _1\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>compless<span class=\"_ _3\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> per circa Euro 2,7 <span class=\"_ _3\"></span>milioni; <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">FIA c<span class=\"_ _0\"></span>hiuso <span class=\"_ _0\"></span>Kair<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>s Ventures <span class=\"_ _0\"></span>ESG <span class=\"_ _0\"></span>O<span class=\"_ _1\"></span>ne, <span class=\"_ _0\"></span>gestito d<span class=\"_ _0\"></span>a Kairos <span class=\"_ _0\"></span>SGR: <span class=\"_ _0\"></span>imp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rt<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>complessivo <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>pegnat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> </span></span>Euro <span class=\"_ _b\"></span>100 <span class=\"_ _b\"></span>migli<span class=\"_ _0\"></span>aia, <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>cui <span class=\"_ _b\"></span>sono <span class=\"_ _b\"></span>stati <span class=\"_ _b\"></span>richiamati <span class=\"_ _b\"></span>Euro<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>36 <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>igliaia <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>pertanto <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>uano<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>impegni pari a Euro 64 mi<span class=\"_ _1\"></span>gliaia;  <span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Castello <span class=\"_ _c\"> </span>SGR ha <span class=\"_ _c\"> </span>in <span class=\"_ _c\"> </span>esse<span class=\"_ _1\"></span>re <span class=\"_ _c\"> </span>im<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>per <span class=\"_ _c\"> </span>un <span class=\"_ _c\"> </span>impor<span class=\"_ _1\"></span>to <span class=\"_ _c\"> </span>complessivo <span class=\"_ _c\"> </span>di <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>ir<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a <span class=\"_ _211\"> </span>E<span class=\"_ _0\"></span>ur<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>9 <span class=\"_ _c\"> </span>milioni, </span></span>costituiti <span class=\"_ _e\"> </span>principalmente <span class=\"_ _e\"> </span>da <span class=\"_ _e\"> </span>liquidit\u00e0 <span class=\"_ _e\"> </span>depositat<span class=\"_ _1\"></span>a <span class=\"_ _e\"> </span>su <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>/c <span class=\"_ _e\"> </span>intestati <span class=\"_ _d\"> </span>alla <span class=\"_ _e\"> </span>c<span class=\"_ _0\"></span>ontrollata<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>ma <span class=\"_ _e\"> </span>di<span class=\"_ _4a1\"> </span>pertinenza <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>16 <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndi <span class=\"_ _6\"></span>liquidati, <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ncolata <span class=\"_ _5\"></span>pr<span class=\"_ _0\"></span>ess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>il <span class=\"_ _6\"></span>depositari<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>sino <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>completamento <span class=\"_ _5\"></span>del processo di liquidazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne degl<span class=\"_ _1\"></span>i stessi.  Infine, <span class=\"_ _f\"> </span>si <span class=\"_ _6\"></span>segnala <span class=\"_ _6\"></span>ch<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>31 <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>icemb<span class=\"_ _1\"></span>re <span class=\"_ _f\"> </span>2024 <span class=\"_ _6\"></span>(i) <span class=\"_ _f\"> </span>la <span class=\"_ _6\"></span>Societ\u00e0 <span class=\"_ _5\"></span>h<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>ri<span class=\"_ _0\"></span>le<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ato <span class=\"_ _6\"></span>una <span class=\"_ _f\"></span>f<span class=\"_ _1\"></span>idejussione <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>Euro <span class=\"_ _6\"></span>0,575 milioni, <span class=\"_ _5\"></span>rilasciata<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>al <span class=\"_ _5\"></span>proprietario <span class=\"_ _b\"></span>dell\u2019immobile <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>Corso <span class=\"_ _b\"></span>G<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>baldi <span class=\"_ _b\"></span>99 <span class=\"_ _5\"></span>\u2013 <span class=\"_ _5\"></span>Milano <span class=\"_ _5\"></span>e <span class=\"_ _5\"></span>(ii) <span class=\"_ _b\"></span>Castello <span class=\"_ _5\"></span>SGR <span class=\"_ _b\"></span>ha rilevato <span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>idej<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ssi<span class=\"_ _1\"></span>oni <span class=\"_ _b\"></span>per <span class=\"_ _0\"></span>un <span class=\"_ _b\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>lore <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>omplessiv<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>pari <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>Euro <span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>155 <span class=\"_ _b\"></span>milioni, <span class=\"_ _0\"></span>rilasciate <span class=\"_ _b\"></span>ai<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>proprietari degli immobili della se<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e d<span class=\"_ _1\"></span>i Milano e Roma, tutte <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>rr<span class=\"_ _0\"></span>elate a<span class=\"_ _1\"></span>i contratti <span class=\"_ _1\"></span>di locazione in essere<span class=\"_ _3\"></span>.<span class=\"fs7\"> </span>1.1.2 Impegni relativi ai<span class=\"_ _1\"></span> fondi pensione g<span class=\"_ _3\"></span>est<span class=\"_ _0\"></span>iti con g<span class=\"_ _1\"></span>aranzia di r<span class=\"_ _1\"></span>estituzione del capitale<span class=\"_ _3\"></span> Si <span class=\"_ _1f\"> </span>co<span class=\"_ _0\"></span>nferma <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>he, <span class=\"_ _1f\"> </span>per <span class=\"_ _1f\"> </span>i <span class=\"_ _15\"> </span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mparti <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _1f\"> </span>fondo <span class=\"_ _15\"> </span>pensione <span class=\"_ _1f\"> </span>aperto <span class=\"_ _15\"> </span>Arti <span class=\"_ _1f\"> </span>&amp; <span class=\"_ _1f\"> </span>Mestieri <span class=\"_ _15\"> </span>\u201cG<span class=\"_ _0\"></span>ara<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>zia <span class=\"_ _16\"> </span>1<span class=\"_ _0\"></span>+\u201d <span class=\"_ _1f\"> </span>ed \u201cIncremento <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>Gar<span class=\"_ _0\"></span>anzia <span class=\"_ _0\"></span>5+\u201d, <span class=\"_ _b\"></span>nonch\u00e9 <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>compar<span class=\"_ _1\"></span>to <span class=\"_ _b\"></span>\u201cLinea <span class=\"_ _b\"></span>Garantita\u201d <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndo <span class=\"_ _b\"></span>pensione <span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>oziale<span class=\"_ _1\"></span> \u201cExtenso\u201d  ricevuto  in<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>delega,  la  cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollata  Anim<span class=\"_ _1\"></span>a  SGR  fornisce  gara<span class=\"_ _1\"></span>nzia  ai  sottoscrittori <span class=\"_ _f\"> </span>ci<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>ca  la corresponsione <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>un <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mpo<span class=\"_ _1\"></span>rto m<span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>mo, <span class=\"_ _3\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _1\"></span>quanto <span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>ttos<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ritto <span class=\"_ _3\"></span>dall\u2019aderente, <span class=\"_ _3\"></span>indipendenteme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>dai<span class=\"_ _1\"></span> risultati di gestione<span class=\"_ _1\"></span>. Si <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>imanda <span class=\"_ _b\"></span>a <span class=\"_ _5\"></span>quanto <span class=\"_ _5\"></span>illustrato <span class=\"_ _b\"></span>nella <span class=\"_ _5\"></span>\u201cParte <span class=\"_ _5\"></span>B <span class=\"_ _b\"></span>\u2013<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>Informazioni <span class=\"_ _b\"></span>sullo <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>Patrimoniale <span class=\"_ _b\"></span>\u2013 <span class=\"_ _5\"></span>Sezione <span class=\"_ _b\"></span>1<span class=\"_ _0\"></span>0 <span class=\"_ _b\"></span>\u2013 Fondi per rischi e o<span class=\"_ _1\"></span>neri \u2013 Voce 100\u201d della pre<span class=\"_ _3\"></span>sen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>No<span class=\"_ _0\"></span>ta inte<span class=\"_ _1\"></span>grativa consolidata<span class=\"_ _1\"></span> per maggio<span class=\"_ _1\"></span>ri dettagli.<span class=\"_ _1\"></span> 1.1.4 Titoli di pro<span class=\"_ _1\"></span>priet\u00e0 in deposito c/o <span class=\"_ _3\"></span>terzi <table class=\"s w8da h3c7\" id=\"_287d3f25-19c3-4b3d-9ca1-6cbd7d9b87a6\"><tr><td></td><td class=\"c n xa0b y1b56 w8db h3c8\"><div class=\"t m19 x17f h11a y1b55 ff3 fs69 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.12.2<span class=\"_ _0\"></span>024<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa0c y1b56 w8db h3c8\"><div class=\"t m19 x17f h11a y1b55 ff3 fs69 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>1.1<span class=\"_ _0\"></span>2.2023<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d1 w8dc h3c9\"><div class=\"t m19 x17f h11b y1b57 ff2 fs69 fc1 sc0 ls0 ws0\">N<span class=\"_ _0\"></span>um<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>azioni<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>proprie<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa0d y16d1 w8dd h3c9\"><div class=\"t m19 x17f h11b y1b57 ff2 fs69 fc1 sc0 ls0 ws0\">9.44<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>730<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa0e y16d1 w8de h3c9\"><div class=\"t m19 x17f h11b y1b57 ff2 fs69 fc1 sc0 ls0 ws0\">12<span class=\"_ _0\"></span>.810.<span class=\"_ _0\"></span>03<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b58 w8df h3c9\"><div class=\"t m19 x17f h11b y1b57 ff2 fs69 fc1 sc0 ls0 ws0\">N<span class=\"_ _0\"></span>um<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>azioni<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>di terzi<span class=\"_ _0\"></span> (*)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa0f y1b58 w8e0 h3c9\"><div class=\"t m19 x17f h11b y1b57 ff2 fs69 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>0.2<span class=\"_ _0\"></span>90.<span class=\"_ _0\"></span>691<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa10 y1b58 w8de h3c9\"><div class=\"t m19 x17f h11b y1b57 ff2 fs69 fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>2.50<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>000<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b5a w8e1 h3ca\"><div class=\"t m19 x17f h11b y1b59 ff2 fs69 fc1 sc0 ls0 ws0\">Ti<span class=\"_ _0\"></span>toli di Stato<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa11 y1b5a w8e2 h3ca\"><div class=\"t m19 x17f h11b y1b59 ff2 fs69 fc1 sc0 ls0 ws0\">24.<span class=\"_ _0\"></span>000.<span class=\"_ _0\"></span>000<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa12 y1b5a w8e3 h3ca\"><div class=\"t m19 x17f h11b y1b59 ff2 fs69 fc1 sc0 ls0 ws0\">26<span class=\"_ _0\"></span>.000<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>00<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b5b w8e4 h3ca\"><div class=\"t m19 x17f h11b y1b59 ff2 fs69 fc1 sc0 ls0 ws0\">N<span class=\"_ _0\"></span>um<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>quote di OICR propri (fond<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>omuni)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa13 y1b5b w8dd h3ca\"><div class=\"t m19 x17f h11b y1b59 ff2 fs69 fc1 sc0 ls0 ws0\">3.9<span class=\"_ _0\"></span>64.7<span class=\"_ _0\"></span>72<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa14 y1b5b w8e5 h3ca\"><div class=\"t m19 x17f h11b y1b59 ff2 fs69 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>.125<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>34<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b5c w8e6 h3ca\"><div class=\"t m19 x17f h11b y1b59 ff2 fs69 fc1 sc0 ls0 ws0\">N<span class=\"_ _0\"></span>um<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>quote di OICR d<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ter<span class=\"_ _0\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>(<span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>ondi co<span class=\"_ _1\"></span>mun<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> e si<span class=\"_ _0\"></span>cav<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa15 y1b5c w8e5 h3ca\"><div class=\"t m19 x17f h11b y1b59 ff2 fs69 fc1 sc0 ls0 ws0\">4.<span class=\"_ _0\"></span>39<span class=\"_ _0\"></span>1.55<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa16 y1b5c w8e7 h3ca\"><div class=\"t m19 x17f h11b y1b59 ff2 fs69 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>.515.<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b5d w8e8 h3ca\"><div class=\"t m19 x17f h11b y1b59 ff2 fs69 fc1 sc0 ls0 ws0\">N<span class=\"_ _0\"></span>um<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>quote di OICR propri (fond<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>F<span class=\"_ _3\"></span>IA)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa17 y1b5d w8e9 h3ca\"><div class=\"t m19 x17f h11b y1b59 ff2 fs69 fc1 sc0 ls0 ws0\">299<span class=\"_ _0\"></span>.473<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa18 y1b5d w8ea h3ca\"><div class=\"t m19 x17f h11b y1b59 ff2 fs69 fc1 sc0 ls0 ws0\">255<span class=\"_ _0\"></span>.8<span class=\"_ _0\"></span>43<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w8eb h3ca\"><div class=\"t m19 x17f h11b y1b59 ff2 fs69 fc1 sc0 ls0 ws0\">N<span class=\"_ _0\"></span>um<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>quote di OICR d<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>ter<span class=\"_ _0\"></span>z<span class=\"_ _1\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>(<span class=\"_ _0\"></span>f<span class=\"_ _3\"></span>ondi F<span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>A)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa19 y16d8 w8ec h3ca\"><div class=\"t m19 x17f h11b y1b59 ff2 fs69 fc3 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa1a y16d8 w8ed h3ca\"><div class=\"t m19 x17f h11b y1b59 ff2 fs69 fc1 sc0 ls0 ws0\">100<span class=\"_ _4a1\"> </span></div></td></tr></table>(*) <span class=\"_ _0\"></span>Si<span class=\"_ _1\"></span> riferisc<span class=\"_ _0\"></span>ono ad azioni quotate BMPS detenute da A<span class=\"_ _0\"></span>nima Holding. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCollateralExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-469": {
   "value": "<div class=\"t m1 h10 ff3 fsb fc1 sc0 ls0 ws0 gs85c\">S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 3<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span> e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ull<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> c<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rtu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span> </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs85d\">Premessa  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs85e\">L\u2019organizzazione del <span class=\"_ _1\"></span>Gruppo  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs85f\">In <span class=\"_ _f\"> </span>conformit\u00e0 <span class=\"_ _f\"> </span>con <span class=\"_ _6\"></span>il<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>qu<span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _6\"></span>nor<span class=\"_ _0\"></span>mati<span class=\"_ _1\"></span>vo <span class=\"_ _f\"> </span>applicabile<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>secondo <span class=\"_ _f\"> </span>quanto <span class=\"_ _f\"> </span>stabilit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"></span>\u201cRe<span class=\"_ _1\"></span>golamento <span class=\"_ _f\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs860\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o\u201d, A<span class=\"_ _1\"></span>nima <span class=\"_ _1\"></span>Holding <span class=\"_ _3\"></span>in qualit\u00e0 <span class=\"_ _3\"></span>di cap<span class=\"_ _1\"></span>ogruppo, e<span class=\"_ _3\"></span>serc<span class=\"_ _0\"></span>ita <span class=\"_ _3\"></span>l\u2019attivit\u00e0 <span class=\"_ _3\"></span>di di<span class=\"_ _1\"></span>rezione e <span class=\"_ _3\"></span>coordinament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>delle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs861\">societ\u00e0  appartenenti  al <span class=\"_ _211\"> </span>Gruppo <span class=\"_ _211\"> </span>e  svolge  la  f<span class=\"_ _0\"></span>unzi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span>di <span class=\"_ _211\"> </span>governo  e <span class=\"_ _211\"> </span>indirizzo  del  Gruppo <span class=\"_ _211\"> </span>stesso<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs862\">particolare in mate<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ia di:<span class=\"_ _1\"></span> </div><div class=\"t m1 h7 ff27 fs5 fc1 sc0 ls0 ws0 gs863\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">ind<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rizzi generali p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ogrammat<span class=\"_ _1\"></span>ici e strate<span class=\"_ _1\"></span>gici del Grupp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>; </span></span></div><div class=\"t m1 h7 ff27 fs5 fc1 sc0 ls0 ws0 gs864\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">ind<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>rizzi di gover<span class=\"_ _1\"></span>no societario; <span class=\"_ _3\"></span> </span></span></div><div class=\"t m1 h7 ff27 fs5 fc1 sc0 ls0 ws0 gs865\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">alloc<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne d<span class=\"_ _0\"></span>el c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nten<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _1\"></span>o/monitoraggio <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>un c<span class=\"_ _0\"></span>orrett<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>equilibrio <span class=\"_ _0\"></span>patrimoniale, </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs866\">economico e fi<span class=\"_ _1\"></span>nanziario di Gruppo e del<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e So<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0 Control<span class=\"_ _1\"></span>late;  </div><div class=\"t m1 h7 ff27 fs5 fc1 sc0 ls0 ws0 gs867\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">analisi <span class=\"_ _6\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>contesto <span class=\"_ _6\"></span>competitivo <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>individuazio<span class=\"_ _1\"></span>ne <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ee <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>crescita <span class=\"_ _6\"></span>(interne <span class=\"_ _6\"></span>ed <span class=\"_ _6\"></span>esterne) </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs868\">volte a migliorare il po<span class=\"_ _1\"></span>sizioname<span class=\"_ _1\"></span>nto del Gruppo nei mercati di <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ifer<span class=\"_ _1\"></span>imento; </div><div class=\"t m1 h7 ff27 fs5 fc1 sc0 ls0 ws0 gs869\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">operazioni di <span class=\"_ _3\"></span>natura strao<span class=\"_ _1\"></span>rdinaria e <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azioni <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>sign<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>icativ<span class=\"_ _1\"></span>o rilie<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>tto <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _1\"></span>profil<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>strategico,<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs86a\">economico, patrimoniale <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziario;  </div><div class=\"t m1 h7 ff27 fs5 fc1 sc0 ls0 ws0 gs86b\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">definizione del sistema di<span class=\"_ _1\"></span> regolamentazio<span class=\"_ _1\"></span>ne intern<span class=\"_ _1\"></span>o di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>rupp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>;  </span></span></div><div class=\"t m1 h7 ff27 fs5 fc1 sc0 ls0 ws0 gs86c\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">definizione e <span class=\"_ _3\"></span>valutazione de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li a<span class=\"_ _1\"></span>ssetti <span class=\"_ _3\"></span>organizzativi <span class=\"_ _3\"></span>e dell\u2019assetto a<span class=\"_ _3\"></span>mministrativo <span class=\"_ _1\"></span>e c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntabile <span class=\"_ _3\"></span>di </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs86d\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o;  </div><div class=\"t m1 h7 ff27 fs5 fc1 sc0 ls0 ws0 gs86e\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">definizione <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>linee <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ida <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>valutazione <span class=\"_ _6\"></span>del <span class=\"_ _6\"></span>sistema <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>ollo <span class=\"_ _6\"></span>interno <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>one <span class=\"_ _6\"></span>dei </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs86f\">rischi (SCIGR) di G<span class=\"_ _1\"></span>ruppo;  </div><div class=\"t m1 h7 ff27 fs5 fc1 sc0 ls0 ws0 gs870\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">definizione delle strategie<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ICT <span class=\"_ _1\"></span>di Gruppo; </span></span></div><div class=\"t m1 h7 ff27 fs5 fc1 sc0 ls0 ws0 gs871\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">definizione  dei  criteri  generali  e  linee <span class=\"_ _f\"> </span>g<span class=\"_ _0\"></span>uida  in  m<span class=\"_ _3\"></span>ateria  d<span class=\"_ _0\"></span>i  politiche  d<span class=\"_ _1\"></span>i  r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>muner<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e  e  di </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs872\">inc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>ne;  </div><div class=\"t m1 h7 ff27 fs5 fc1 sc0 ls0 ws0 gs873\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">gestione finanziaria<span class=\"_ _1\"></span>;  </span></span></div><div class=\"t m1 h7 ff27 fs5 fc1 sc0 ls0 ws0 gs874\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">definizione <span class=\"_ _1\"></span>delle <span class=\"_ _3\"></span>linee <span class=\"_ _3\"></span>guida <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>ivello <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>Gruppo <span class=\"_ _3\"></span>per <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>co<span class=\"_ _0\"></span>struzio<span class=\"_ _1\"></span>ne <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _3\"></span>modelli <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>organizzazione, </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs875\">gestione e controll<span class=\"_ _1\"></span>o ex D.lgs. 23<span class=\"_ _1\"></span>1/01;  </div><div class=\"t m1 h7 ff27 fs5 fc1 sc0 ls0 ws0 gs876\">-<span class=\"ff4\"> <span class=\"_ _1a\"> </span><span class=\"ff2 fs2\">definizione delle strategie<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di S<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>stenibil<span class=\"_ _1\"></span>it\u00e0. </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs877\">Le societ\u00e0 c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntrollat<span class=\"_ _1\"></span>e sono <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ompete<span class=\"_ _1\"></span>nti in via<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>esclus<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>va i<span class=\"_ _1\"></span>n materia <span class=\"_ _1\"></span>di prestazio<span class=\"_ _1\"></span>ne dei se<span class=\"_ _1\"></span>rvizi di gesti<span class=\"_ _1\"></span>one </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs878\">del  risp<span class=\"_ _1\"></span>armio  e <span class=\"_ _f\"> </span>dei  servizi <span class=\"_ _f\"> </span>di  in<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>estime<span class=\"_ _1\"></span>nto,  n<span class=\"_ _1\"></span>onch\u00e9  delle <span class=\"_ _f\"> </span>ulteriori  a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _f\"> </span>funzionali  all<span class=\"_ _1\"></span>\u2019offerta  dei </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs879\">prodotti e all\u2019eser<span class=\"_ _1\"></span>cizio delle attivit\u00e0<span class=\"_ _1\"></span> del Gruppo a b<span class=\"_ _1\"></span>eneficio della propria clie<span class=\"_ _3\"></span>ntela. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs87a\">La  c<span class=\"_ _1\"></span>onfigurazione <span class=\"_ _f\"> </span>organizz<span class=\"_ _1\"></span>ativa <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>G<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>uppo <span class=\"_ _f\"> </span>ved<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>,  q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>indi,<span class=\"_ _1\"></span>  l\u2019atti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _f\"> </span>operati<span class=\"_ _1\"></span>va  q<span class=\"_ _1\"></span>uasi <span class=\"_ _f\"> </span>esclusivamente </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs87b\">concentrata sulle s<span class=\"_ _1\"></span>ociet\u00e0 controllate<span class=\"_ _1\"></span>. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs87c\">Le  politiche  relati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e  al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>\u2019assu<span class=\"_ _1\"></span>nzione  dei  ris<span class=\"_ _1\"></span>chi  son<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  defi<span class=\"_ _1\"></span>nite  dal  Consi<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>lio <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>Amministrazione <span class=\"_ _f\"> </span>della<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs87d\">Societ\u00e0, con funzioni di supervisio<span class=\"_ _1\"></span>ne strategica e di gestione. Il Consiglio di Ammi<span class=\"_ _1\"></span>nistrazione svolge la </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs87e\">propria <span class=\"_ _0\"></span>attivit\u00e0 <span class=\"_ _0\"></span>anche <span class=\"_ _0\"></span>attraverso <span class=\"_ _b\"></span>spe<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ific<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>comi<span class=\"_ _0\"></span>tat<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>costituiti <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>pr<span class=\"_ _1\"></span>oprio <span class=\"_ _0\"></span>interno, <span class=\"_ _0\"></span>tra <span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>quali <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>Comitato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs87f\">Controlli e Rischi e Soste<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ibilit\u00e0 (i<span class=\"_ _1\"></span>l \u201cComitato\u201d). Tal<span class=\"_ _3\"></span>e C<span class=\"_ _0\"></span>omitato \u00e8 un <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rgano avente pote<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onsultiv<span class=\"_ _1\"></span>o e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs880\">informativo, <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _3\"></span>composto <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>tre <span class=\"_ _3\"></span>Amministrato<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>Indip<span class=\"_ _1\"></span>enden<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>competenze <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>esperie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ze <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>materia<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs881\">contabile e finanzia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ia e/o di <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _1\"></span>one del rischio. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs882\">Alle <span class=\"_ _0\"></span>riunioni <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>Com<span class=\"_ _1\"></span>itato, <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>norma, <span class=\"_ _0\"></span>parte<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipa <span class=\"_ _0\"></span>l\u2019A<span class=\"_ _1\"></span>mministratore <span class=\"_ _0\"></span>Dele<span class=\"_ _1\"></span>gato <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Direttore<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>Gen<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ale<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>della </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs13f\">Societ\u00e0  (quale  incaricato  a  sovrainten<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ere  il  sist<span class=\"_ _1\"></span>ema  di  controllo  interno  e  gestio<span class=\"_ _1\"></span>ne  dei  rischi),  il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs140\">Presidente <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l <span class=\"_ _6\"></span>C<span class=\"_ _0\"></span>olleg<span class=\"_ _1\"></span>io <span class=\"_ _f\"> </span>Si<span class=\"_ _1\"></span>ndacale <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a <span class=\"_ _6\"></span>Societ\u00e0 <span class=\"_ _6\"></span>(di <span class=\"_ _6\"></span>norma <span class=\"_ _6\"></span>sono <span class=\"_ _6\"></span>invitati <span class=\"_ _f\"> </span>a <span class=\"_ _6\"></span>parte<span class=\"_ _1\"></span>cipare <span class=\"_ _f\"> </span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>che <span class=\"_ _5\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>altr<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs141\">com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1f\"> </span>del <span class=\"_ _1f\"> </span>Collegio <span class=\"_ _1f\"> </span>Sind<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>cale),<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>i <span class=\"_ _15\"> </span>responsabili <span class=\"_ _1f\"> </span>della <span class=\"_ _1f\"> </span>Societ\u00e0 <span class=\"_ _1f\"> </span>delle <span class=\"_ _1f\"> </span>f<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>nzioni <span class=\"_ _15\"> </span>Internal <span class=\"_ _1f\"> </span>Audit <span class=\"_ _1f\"> </span>e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs859\">Compliance <span class=\"_ _f\"> </span>e, <span class=\"_ _6\"></span>in <span class=\"_ _f\"> </span>relazione <span class=\"_ _f\"> </span>ai <span class=\"_ _6\"></span>punti <span class=\"_ _f\"> </span>all\u2019ordine <span class=\"_ _6\"></span>del <span class=\"_ _f\"></span>giorno, <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>Group <span class=\"_ _f\"> </span>CFO <span class=\"_ _f\"> </span>e<span class=\"_ _3\"></span>  il<span class=\"_ _3\"></span>  D<span class=\"_ _3\"></span>ir<span class=\"_ _0\"></span>ige<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _f\"> </span>Prep<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sto<span class=\"_ _1\"></span> <span class=\"_ _f\"> </span>alla </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs143\">redazione dei docume<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>contabili societari e il G<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>up CRO. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs884\">Il <span class=\"_ _0\"></span>Comitato \u00e8 <span class=\"_ _0\"></span>costituito all<span class=\"_ _0\"></span>o scopo <span class=\"_ _0\"></span>di assicurare <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esid<span class=\"_ _1\"></span>io <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>la gestione <span class=\"_ _0\"></span>dei r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chi <span class=\"_ _0\"></span>e la <span class=\"_ _0\"></span>salvaguard<span class=\"_ _0\"></span>ia del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs885\">valore <span class=\"_ _6\"></span>aziendale <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>ivello<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>Gruppo, <span class=\"_ _5\"></span>ivi <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mpreso <span class=\"_ _b\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _5\"></span>sistema <span class=\"_ _5\"></span>dei <span class=\"_ _6\"></span>controlli<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>interni, <span class=\"_ _b\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>attuazione <span class=\"_ _5\"></span>degli </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs886\">indirizzi strategici e<span class=\"_ _1\"></span> delle politic<span class=\"_ _1\"></span>he di gestione definite dagl<span class=\"_ _1\"></span>i Organi Societar<span class=\"_ _1\"></span>i. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs887\">Il Sistema dei c<span class=\"_ _1\"></span>ontrolli interni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs888\">La <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _b\"></span>dotata <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>un <span class=\"_ _b\"></span>apposito <span class=\"_ _0\"></span>Sistema <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ei<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Contro<span class=\"_ _0\"></span>ll<span class=\"_ _1\"></span>i <span class=\"_ _b\"></span>Interni <span class=\"_ _b\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>di <span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _0\"></span>dei <span class=\"_ _b\"></span>Rischi <span class=\"_ _0\"></span>(\u201cSCIGR\u201d), <span class=\"_ _0\"></span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs889\">linea <span class=\"_ _6\"></span>con <span class=\"_ _f\"> </span>la <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ciplina <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vilistica <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>co<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>in<span class=\"_ _0\"></span>dicazi<span class=\"_ _3\"></span>oni <span class=\"_ _f\"> </span>del <span class=\"_ _6\"></span>Codice <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Corporate <span class=\"_ _6\"></span>Governance, <span class=\"_ _6\"></span>idoneo <span class=\"_ _f\"> </span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs88a\">presidiare <span class=\"_ _0\"></span>nel c<span class=\"_ _0\"></span>ontinuo<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>rischi <span class=\"_ _0\"></span>tipici <span class=\"_ _0\"></span>dell\u2019attivit\u00e0<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>sociale. <span class=\"_ _0\"></span>Il <span class=\"_ _0\"></span>SCIGR<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>costituisce <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>cornice <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>rife<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imento<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs88b\">nell\u2019ambito <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la <span class=\"_ _211\"> </span>quale <span class=\"_ _c\"> </span>sono <span class=\"_ _211\"> </span>delineati <span class=\"_ _211\"> </span>gl<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>obiettiv<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>ed <span class=\"_ _c\"> </span>i <span class=\"_ _c\"> </span>principi <span class=\"_ _211\"> </span>che <span class=\"_ _c\"> </span>devono <span class=\"_ _211\"> </span>i<span class=\"_ _0\"></span>spi<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>are  i<span class=\"_ _0\"></span>l  d<span class=\"_ _0\"></span>ise<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>no,  i<span class=\"_ _0\"></span>l </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs88c\">funzionamento e <span class=\"_ _0\"></span>l\u2019evoluzione nel continuo<span class=\"_ _0\"></span> di <span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>efficace sistema d<span class=\"_ _0\"></span>i controllo, nonch\u00e9 <span class=\"_ _0\"></span>i ruoli, <span class=\"_ _0\"></span>i com<span class=\"_ _0\"></span>piti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs88d\">e le responsabilit\u00e0 de<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li Organ<span class=\"_ _1\"></span>i e delle F<span class=\"_ _1\"></span>unzioni Aziendali. Il S<span class=\"_ _1\"></span>CIGR \u00e8 altres\u00ec <span class=\"_ _3\"></span>str<span class=\"_ _0\"></span>utt<span class=\"_ _1\"></span>urato per assicurare  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs88e\">una <span class=\"_ _f\"> </span>corretta <span class=\"_ _6\"></span>informativa <span class=\"_ _f\"></span>f<span class=\"_ _1\"></span>inanziaria <span class=\"_ _6\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>un\u2019adeguat<span class=\"_ _1\"></span>a <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>opertura <span class=\"_ _6\"></span>del <span class=\"_ _f\"> </span>controllo <span class=\"_ _6\"></span>su <span class=\"_ _f\"> </span>tutte <span class=\"_ _6\"></span>le <span class=\"_ _f\"> </span>attivit\u00e0 <span class=\"_ _6\"></span>del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs88f\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o, assicurando l\u2019affidabilit\u00e0 dei <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ati c<span class=\"_ _1\"></span>ontabili e gestionali, il <span class=\"_ _1\"></span>rispetto delle leggi e dei<span class=\"_ _1\"></span> rego<span class=\"_ _0\"></span>la<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>enti<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs890\">e <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>salvaguardia <span class=\"_ _b\"></span>dell\u2019inte<span class=\"_ _1\"></span>gr<span class=\"_ _0\"></span>it\u00e0 <span class=\"_ _b\"></span>azie<span class=\"_ _1\"></span>ndale, <span class=\"_ _b\"></span>anch<span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>al <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ine <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>pr<span class=\"_ _0\"></span>eve<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ire <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>rodi <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>no <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la <span class=\"_ _b\"></span>So<span class=\"_ _0\"></span>c<span class=\"_ _1\"></span>iet\u00e0 <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs891\">merc<span class=\"_ _0\"></span>ati finanziari. <span class=\"_ _0\"></span>Il <span class=\"_ _b\"></span>SCIGR <span class=\"_ _0\"></span>adottato <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>po<span class=\"_ _1\"></span>rzionat<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>alla <span class=\"_ _0\"></span>natura <span class=\"_ _b\"></span>ed <span class=\"_ _0\"></span>intensit\u00e0 <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>rischi<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>azien<span class=\"_ _1\"></span>dali <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span><span class=\"ff5\">c<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>d. </span></div><div class=\"t m1 h4 ff5 fs2 fc1 sc0 ls0 ws0 gs892\">risk based approach<span class=\"_ _3\"></span><span class=\"ff2\">)<span class=\"_ _0\"></span>, alle <span class=\"_ _1\"></span>dimensioni ed alle caratte<span class=\"_ _3\"></span>ristiche operative <span class=\"_ _1\"></span>dell\u2019impresa. </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs893\">Il SCIGR si artic<span class=\"_ _1\"></span>ola su tre livelli di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>ollo: </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs894\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff3 fs2\">controlli <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>pr<span class=\"_ _0\"></span>imo <span class=\"_ _6\"></span>livello <span class=\"_ _f\"> </span>(o <span class=\"_ _f\"></span>contro<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>li <span class=\"_ _f\"> </span>d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>l<span class=\"_ _0\"></span>in<span class=\"_ _1\"></span>ea)<span class=\"ff2\">, <span class=\"_ _f\"> </span>che <span class=\"_ _f\"></span>c<span class=\"_ _1\"></span>ostituiscono <span class=\"_ _f\"> </span>la <span class=\"_ _6\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>a <span class=\"_ _f\"> </span>e <span class=\"_ _f\"> </span>pr<span class=\"_ _1\"></span>opria <span class=\"_ _f\"> </span>gest<span class=\"_ _1\"></span>ione </span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs895\">operativa <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>ei <span class=\"_ _15\"> </span>rischi <span class=\"_ _d\"> </span>e <span class=\"_ _d\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _e\"> </span>hann<span class=\"_ _1\"></span>o <span class=\"_ _e\"> </span>l\u2019obiett<span class=\"_ _1\"></span>ivo <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _15\"> </span>assicurare <span class=\"_ _d\"> </span>il <span class=\"_ _d\"> </span>corretto <span class=\"_ _d\"> </span>svolgimento <span class=\"_ _15\"> </span>delle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs896\">operazioni <span class=\"_ _15\"> </span>effettuate <span class=\"_ _1f\"> </span>nell\u2019ambito <span class=\"_ _1f\"> </span>dei <span class=\"_ _d\"> </span>p<span class=\"_ _1\"></span>rocessi <span class=\"_ _15\"> </span>aziendali. <span class=\"_ _15\"> </span>Tali <span class=\"_ _1f\"> </span>controlli, <span class=\"_ _15\"> </span>messi <span class=\"_ _15\"> </span>in <span class=\"_ _15\"> </span>atto <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs897\">responsabili <span class=\"_ _5\"></span>delle <span class=\"_ _6\"></span>attivit\u00e0 <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>perati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>(<span class=\"ff5\">c.d. <span class=\"_ _6\"></span>risk <span class=\"_ _6\"></span>owner</span>), <span class=\"_ _5\"></span>sono <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>tipo <span class=\"_ _6\"></span>gerarchico, <span class=\"_ _5\"></span>sistematico <span class=\"_ _5\"></span>e <span class=\"_ _6\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs898\">campione, ovvero i<span class=\"_ _1\"></span>ncorporati nelle p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ocedure <span class=\"_ _1\"></span>informatiche di <span class=\"_ _1\"></span>cui dispone la S<span class=\"_ _1\"></span>ociet\u00e0; </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs899\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff3 fs2\">controlli <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>secondo livello<span class=\"ff2\">, v<span class=\"_ _0\"></span>olti a <span class=\"_ _0\"></span>verificare i <span class=\"_ _0\"></span>rischi<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>i \u00e8 <span class=\"_ _0\"></span>esposta l<span class=\"_ _0\"></span>a Societ\u00e0 n<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o svolgimento </span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs89a\">della <span class=\"_ _211\"> </span>pro<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>a  attivit\u00e0. <span class=\"_ _211\"> </span>Tali <span class=\"_ _211\"> </span>controlli <span class=\"_ _211\"> </span>sono <span class=\"_ _c\"> </span>ef<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ettua<span class=\"_ _3\"></span>ti <span class=\"_ _c\"> </span>dalla <span class=\"_ _211\"> </span>fun<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne  Group <span class=\"_ _211\"> </span>Compliance  (che </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs89b\">riporta <span class=\"_ _5\"></span>alla <span class=\"_ _6\"></span>Direzione <span class=\"_ _6\"></span>Rischi) <span class=\"_ _6\"></span>per <span class=\"_ _5\"></span>quanto <span class=\"_ _6\"></span>attiene <span class=\"_ _5\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>non<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>conformit\u00e0 <span class=\"_ _6\"></span>alla <span class=\"_ _5\"></span>normativa <span class=\"_ _6\"></span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs89c\">materia <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>Antiricicla<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio, <span class=\"_ _b\"></span>Market<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>Abuse <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>Conflitto <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>Interesse<span class=\"_ _1\"></span>, <span class=\"_ _b\"></span>dalla <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>nzione <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>R<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>isione<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs89d\">Interna (I<span class=\"_ _1\"></span>nternal Au<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>it) <span class=\"_ _1\"></span>limitatame<span class=\"_ _3\"></span>nte alle p<span class=\"_ _3\"></span>roc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ur<span class=\"_ _3\"></span>e amministrative <span class=\"_ _3\"></span>e contabili <span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>redisposte <span class=\"_ _1\"></span>ai </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs89e\">sensi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>la <span class=\"_ _3\"></span>L. 26<span class=\"_ _1\"></span>2/05. <span class=\"_ _3\"></span>Le so<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0 <span class=\"_ _3\"></span>operative <span class=\"_ _3\"></span>possono <span class=\"_ _3\"></span>avere, <span class=\"_ _3\"></span>inoltre, <span class=\"_ _3\"></span>ulteriori <span class=\"_ _3\"></span>presidi <span class=\"_ _3\"></span>specifici <span class=\"_ _1\"></span>sulla </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs89f\">base delle attivit\u00e0 s<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>olte;<span class=\"_ _3\"></span> </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8a0\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff3 fs2\">controlli di t<span class=\"_ _3\"></span>er<span class=\"_ _0\"></span>zo<span class=\"_ _1\"></span> livello<span class=\"ff2\">, <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>lti a val<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tare<span class=\"_ _1\"></span> con cadenz<span class=\"_ _3\"></span>a prefissata, la<span class=\"_ _3\"></span> com<span class=\"_ _0\"></span>pletez<span class=\"_ _1\"></span>za, la<span class=\"_ _1\"></span> funzio<span class=\"_ _1\"></span>nalit\u00e0 </span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8a1\">e <span class=\"_ _0\"></span>l\u2019adeguatezza <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>SCIGR <span class=\"_ _0\"></span>in rel<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>natura e <span class=\"_ _b\"></span>all\u2019intensit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>rischi <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>complessive<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8a2\">esigenze <span class=\"_ _0\"></span>aziend<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>. <span class=\"_ _0\"></span>Detti <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>olli <span class=\"_ _b\"></span>sono <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>si <span class=\"_ _5\"></span>in <span class=\"_ _b\"></span>att<span class=\"_ _3\"></span>o <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>funzione <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>In<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>nal <span class=\"_ _b\"></span>A<span class=\"_ _1\"></span>udit, <span class=\"_ _b\"></span>anche <span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8a3\">valere sulle societ\u00e0 c<span class=\"_ _1\"></span>ontrollate. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8a4\">Il <span class=\"_ _f\"></span>p<span class=\"_ _1\"></span>osizionamento <span class=\"_ _6\"></span>organizzativ<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>i <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>ipo<span class=\"_ _1\"></span>rti <span class=\"_ _6\"></span>ger<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ch<span class=\"_ _3\"></span>ic<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>che <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>aratterizzan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>strutture <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>controllo <span class=\"_ _f\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8a5\">secondo e terzo livell<span class=\"_ _1\"></span>o ne assicuran<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> l\u2019indip<span class=\"_ _1\"></span>endenz<span class=\"_ _1\"></span>a dalle funzioni di gest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>one ope<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ativa. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8a6\">Al  fi<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>di  assi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>urare<span class=\"_ _3\"></span>  il <span class=\"_ _f\"> </span>corretto  f<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>nziona<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ento <span class=\"_ _f\"> </span>di<span class=\"_ _1\"></span>  tale <span class=\"_ _f\"> </span>sistema <span class=\"_ _f\"> </span>sono  st<span class=\"_ _1\"></span>ate<span class=\"_ _3\"></span>  adottate <span class=\"_ _f\"> </span>regole <span class=\"_ _f\"> </span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span>, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8a7\">tecniche <span class=\"_ _211\"> </span>di  misurazione <span class=\"_ _211\"> </span>e  meccanismi  di <span class=\"_ _211\"> </span>controllo  formalmente  descritti  in <span class=\"_ _211\"> </span>specifiche  procedure </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8a8\">aziendali. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8a9\">L\u2019effettivo <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>nzionamento <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>erifi<span class=\"_ _1\"></span>ca <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>adeguate<span class=\"_ _3\"></span>zza <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>SCIGR <span class=\"_ _b\"></span>sono <span class=\"_ _0\"></span>affidati <span class=\"_ _b\"></span>alla <span class=\"_ _0\"></span>responsabilit\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8aa\">seguenti Organi e Fu<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>ni aziendali:<span class=\"_ _1\"></span> </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs8ab\">Anima Holding<span class=\"_ _1\"></span> </div><div class=\"c w12 h13c gs8ac\"><div class=\"t m1 x3b h13d y96a ff9 fs5 fc1 sc0 ls0 ws0\"></div></div><div class=\"t m1 h7 ff4 fs5 fc1 sc0 ls0 ws0 gs8ad\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Consiglio di Amminist<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>ne; </span></div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8ae\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Collegio Sindacale;<span class=\"_ _3\"></span> </span></span></div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8af\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Amministratore <span class=\"_ _1\"></span>Delegato e Dirett<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re Gene<span class=\"_ _1\"></span>rale;  </span></span></div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8b0\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Condirettore Generale<span class=\"_ _3\"></span>; </span></span></div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8b1\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Comitato Controlli, R<span class=\"_ _1\"></span>ischi e Sostenibil<span class=\"_ _1\"></span>it\u00e0; </span></span></div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8b2\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Responsabile della <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>unzio<span class=\"_ _1\"></span>ne Internal Audit;<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8b3\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Responsabile della d<span class=\"_ _1\"></span>irezione Risc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>i (\u201cGroup <span class=\"_ _1\"></span>Chief </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8b4\">Risk Office\u201d); </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8b5\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Responsabile della <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>unzio<span class=\"_ _1\"></span>ne Group Complia<span class=\"_ _1\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>; </span></span></div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8b6\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Dirigente Preposto ex art<span class=\"_ _3\"></span>. <span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>54 bis del TUF;<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8b7\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff2 fs2\">Organismo di Vigila<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za ex D.<span class=\"_ _3\"></span>L<span class=\"_ _0\"></span>gs. 2<span class=\"_ _1\"></span>31/2001.</span></span><span class=\"ff4\"><span class=\"ff2 fs2\"> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8b9\">In generale il perimetr<span class=\"_ _1\"></span>o dei rischi individuati e pres<span class=\"_ _3\"></span>idiati dal Gruppo include<span class=\"_ _3\"></span>:<span class=\"_ _0\"></span> (i) i rischi che atten<span class=\"_ _1\"></span>gono i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8ba\">processi aziendali tipici (i \u201cRischi di impresa\u201d), (ii) quelli riguardant<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> i processi di investimento applicati </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8bb\">ai <span class=\"_ _211\"> </span>patrimoni <span class=\"_ _211\"> </span>col<span class=\"_ _0\"></span>letti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i  o <span class=\"_ _211\"> </span>individuali <span class=\"_ _211\"> </span>g<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>stiti <span class=\"_ _c\"> </span>(i  \u201c<span class=\"_ _0\"></span>Risc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>i <span class=\"_ _211\"> </span>dei <span class=\"_ _c\"> </span>portaf<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>gli  g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>iti\u201d<span class=\"_ _0\"></span>)  e <span class=\"_ _c\"> </span>(iii)  i <span class=\"_ _c\"> </span>rischi <span class=\"_ _211\"> </span>co<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>nessi </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8bc\">all\u2019informativa finanz<span class=\"_ _1\"></span>iaria (ex art. 123 <span class=\"_ _1\"></span>bis, c. 2, lett. <span class=\"_ _1\"></span>B) del TUF). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8bd\">Sono <span class=\"_ _211\"> </span>considerati  rischi  d\u2019impresa  i  rischi <span class=\"_ _211\"> </span>di <span class=\"_ _211\"> </span>subir<span class=\"_ _1\"></span>e <span class=\"_ _211\"> </span>impatti  neg<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>sui  risultati <span class=\"_ _211\"> </span>econ<span class=\"_ _1\"></span>omici <span class=\"_ _211\"> </span>e <span class=\"_ _211\"> </span>sulla </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8be\">situazione <span class=\"_ _b\"></span>patri<span class=\"_ _1\"></span>moniale <span class=\"_ _b\"></span>e <span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziaria <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>ciascuna <span class=\"_ _b\"></span>s<span class=\"_ _1\"></span>ociet\u00e0 <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>Gruppo <span class=\"_ _0\"></span>(<span class=\"_ _0\"></span>fin<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>al <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>aso <span class=\"_ _b\"></span>e<span class=\"_ _1\"></span>stremo <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>porre <span class=\"_ _b\"></span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8bf\">pericolo la contin<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>it\u00e0 azienda<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8c0\">Nell\u2019ambito <span class=\"_ _b\"></span>dell\u2019<span class=\"ff5\">Enterprise <span class=\"_ _5\"></span>Risk <span class=\"_ _5\"></span>Manage<span class=\"_ _1\"></span>ment<span class=\"ff2\"> <span class=\"_ _b\"></span>(<span class=\"_ _0\"></span>\u201cERM\u201d) <span class=\"_ _b\"></span>Framework <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>G<span class=\"_ _0\"></span>rupp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>stati <span class=\"_ _5\"></span>individuate <span class=\"_ _b\"></span>le </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8c1\">seguenti <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ateg<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rie <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>impresa, <span class=\"_ _0\"></span>intesi <span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>rischi <span class=\"_ _b\"></span>che <span class=\"_ _b\"></span>p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>treb<span class=\"_ _1\"></span>bero <span class=\"_ _b\"></span>impatt<span class=\"_ _1\"></span>are <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>Gruppo<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>nel <span class=\"_ _b\"></span>s<span class=\"_ _1\"></span>uo </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8c2\">com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>sso <span class=\"_ _0\"></span>e/<span class=\"_ _3\"></span>o una o pi\u00f9 delle so<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0 che l<span class=\"_ _1\"></span>o costituiscono<span class=\"_ _1\"></span>: </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8c3\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff3 fs2\">Rischio Op<span class=\"_ _1\"></span>erativo<span class=\"ff2\">, il <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>schio <span class=\"_ _1\"></span>di subire i<span class=\"_ _3\"></span>mpatti negati<span class=\"_ _1\"></span>vi sui <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>isultati <span class=\"_ _3\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>nomici del<span class=\"_ _1\"></span>la S<span class=\"_ _1\"></span>oci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _1\"></span> o <span class=\"_ _1\"></span>del </span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8c4\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> a <span class=\"_ _0\"></span>seguito <span class=\"_ _0\"></span>di un<span class=\"_ _0\"></span> accadimento leg<span class=\"_ _0\"></span>ato a <span class=\"_ _0\"></span>cause<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>natura <span class=\"_ _0\"></span>operativa (g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>one <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>risorse </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8c5\">umane, <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _6\"></span>processi, <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _6\"></span>tecnologia <span class=\"_ _6\"></span>ed <span class=\"_ _f\"> </span>eventi <span class=\"_ _6\"></span>esterni). <span class=\"_ _6\"></span>Sono <span class=\"_ _f\"> </span>esclusi <span class=\"_ _f\"> </span>i <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>erivanti <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>alla </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8c6\">gestione dei reclam<span class=\"_ _1\"></span>i e i rischi le<span class=\"_ _1\"></span>gali, i rischi reputaz<span class=\"_ _1\"></span>ionali, strate<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ici e <span class=\"_ _1\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari; </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8c7\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff3 fs2\">Rischio <span class=\"_ _0\"></span>R<span class=\"_ _1\"></span>eputazionale<span class=\"ff2\">, il r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chio di<span class=\"_ _0\"></span> subire <span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>tti <span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span>gativi <span class=\"_ _0\"></span>sui risultati <span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ono<span class=\"_ _1\"></span>mici <span class=\"_ _0\"></span>della Societ\u00e0 </span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8c8\">o del <span class=\"_ _3\"></span>Gruppo <span class=\"_ _3\"></span>in seg<span class=\"_ _1\"></span>uito al <span class=\"_ _3\"></span>danneggiament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>della <span class=\"_ _3\"></span>reputazione <span class=\"_ _1\"></span>della <span class=\"_ _3\"></span>Societ\u00e0 o<span class=\"_ _3\"></span> del <span class=\"_ _3\"></span>G<span class=\"_ _0\"></span>rupp<span class=\"_ _1\"></span>o pres<span class=\"_ _3\"></span>so </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8c9\">terzi. <span class=\"_ _1b\"> </span>Gli <span class=\"_ _1b\"> </span>impatti <span class=\"_ _1b\"> </span>negativi <span class=\"_ _1b\"> </span>sul <span class=\"_ _1b\"> </span>conto <span class=\"_ _1b\"> </span>econ<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>mic<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1b\"> </span>della <span class=\"_ _1b\"> </span>Societ\u00e0 <span class=\"_ _19\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _19\"> </span>del <span class=\"_ _1b\"> </span>Gruppo <span class=\"_ _1b\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vano </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8ca\">principalmente <span class=\"_ _0\"></span>dalla<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>diminuzione <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>ricavi <span class=\"_ _0\"></span>con<span class=\"_ _1\"></span>seguenti <span class=\"_ _0\"></span>alla r<span class=\"_ _0\"></span>iduzio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>volumi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>affari, ma </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8cb\">possono <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>ivare <span class=\"_ _b\"></span>da<span class=\"_ _1\"></span>ll\u2019incremento <span class=\"_ _0\"></span>dei <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>sti<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>S<span class=\"_ _1\"></span>oci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>o <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>Gruppo <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ide <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>sostene<span class=\"_ _1\"></span>re <span class=\"_ _b\"></span>per </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8cc\">limitare gli impatti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i e<span class=\"_ _1\"></span>venti reputazionali negati<span class=\"_ _1\"></span>vi; </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8cd\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff3 fs2\">Rischio Strategico<span class=\"ff2\">, il rischio di<span class=\"_ _0\"></span> subire impatti negativi sui risultati <span class=\"_ _0\"></span>ec<span class=\"_ _1\"></span>onomici e <span class=\"_ _0\"></span>sul<span class=\"_ _1\"></span>la <span class=\"_ _0\"></span>sit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>azione </span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8ce\">patrimoniale  e<span class=\"_ _3\"></span>  finanzia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ia <span class=\"_ _f\"> </span>della  So<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0 <span class=\"_ _f\"> </span>o <span class=\"_ _f\"> </span>del <span class=\"_ _f\"> </span>Gruppo <span class=\"_ _f\"> </span>in  seguito<span class=\"_ _1\"></span>  all\u2019e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>rata <span class=\"_ _f\"> </span>definizione <span class=\"_ _f\"> </span>delle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8cf\">strategie aziendali. Il rischio strategico \u00e8 funzione d<span class=\"_ _1\"></span>ella co<span class=\"_ _0\"></span>mpat<span class=\"_ _1\"></span>ibilit\u00e0 fra gli obiettivi strategici </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8d0\">dell\u2019azienda, i<span class=\"_ _3\"></span>l contesto <span class=\"_ _3\"></span>esterno, le <span class=\"_ _3\"></span>strategie p<span class=\"_ _3\"></span>rogr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>mmate per <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> rag<span class=\"_ _1\"></span>giungimento <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _3\"></span>ob<span class=\"_ _0\"></span>ietti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8d1\">strategici, <span class=\"_ _c\"> </span>le <span class=\"_ _c\"> </span>risorse <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ate <span class=\"_ _211\"> </span>allo<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>scopo <span class=\"_ _16\"> </span>e <span class=\"_ _c\"> </span>la <span class=\"_ _c\"> </span>qu<span class=\"_ _1\"></span>alit\u00e0 <span class=\"_ _c\"> </span>dell\u2019implementazione <span class=\"_ _c\"> </span>delle <span class=\"_ _c\"> </span>strategie </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8d2\">definite; </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8d3\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff3 fs2\">Rischio  d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>  Bu<span class=\"_ _1\"></span>siness<span class=\"ff2\">,  il <span class=\"_ _f\"> </span>rischio <span class=\"_ _f\"> </span>che  la <span class=\"_ _f\"> </span>Societ\u00e0 <span class=\"_ _f\"> </span>o  il <span class=\"_ _f\"> </span>Gr<span class=\"_ _0\"></span>uppo <span class=\"_ _f\"> </span>non  riesca <span class=\"_ _f\"> </span>a  ra<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>giunge<span class=\"_ _1\"></span>re  i  p<span class=\"_ _3\"></span>ropri </span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8d4\">obiettivi <span class=\"_ _e\"> </span>finanzia<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _e\"> </span>e/<span class=\"_ _1\"></span>o <span class=\"_ _e\"> </span>operati<span class=\"_ _1\"></span>vi <span class=\"_ _e\"> </span>a <span class=\"_ _e\"> </span>causa <span class=\"_ _d\"> </span>di <span class=\"_ _d\"> </span>f<span class=\"_ _0\"></span>attori <span class=\"_ _d\"> </span>interni <span class=\"_ _e\"> </span>e/o <span class=\"_ _e\"> </span>este<span class=\"_ _1\"></span>rni <span class=\"_ _d\"> </span>c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> <span class=\"_ _e\"> </span>influenzano<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8d5\">negativamente <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>sua <span class=\"_ _f\"></span>at<span class=\"_ _1\"></span>tivit\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>l<span class=\"_ _1\"></span>\u2019implementazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _6\"></span>delle <span class=\"_ _6\"></span>strategie <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>bu<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>iness. <span class=\"_ _5\"></span>Q<span class=\"_ _0\"></span>uesti <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>att<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8d6\">possono <span class=\"_ _5\"></span>includere<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>cambiame<span class=\"_ _1\"></span>nti <span class=\"_ _5\"></span>nel <span class=\"_ _5\"></span>mercat<span class=\"_ _1\"></span>o, <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>iduz<span class=\"_ _3\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>della <span class=\"_ _b\"></span>domanda <span class=\"_ _b\"></span>dei <span class=\"_ _6\"></span>prod<span class=\"_ _1\"></span>otti <span class=\"_ _b\"></span>o <span class=\"_ _5\"></span>servizi, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8d7\">aumento <span class=\"_ _1d\"> </span>della <span class=\"_ _1d\"> </span>concorrenza, <span class=\"_ _1d\"> </span>evoluzione <span class=\"_ _18\"> </span>norm<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>tiva, <span class=\"_ _1c\"> </span>flutt<span class=\"_ _1\"></span>uazioni <span class=\"_ _1d\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i <span class=\"_ _1c\"> </span>costi <span class=\"_ _18\"> </span>o<span class=\"_ _0\"></span>perati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _18\"> </span>o<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8d8\">inefficienze interne<span class=\"_ _1\"></span>; </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8d9\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff3 fs2\">Rischio F<span class=\"_ _1\"></span>inanziario<span class=\"ff2\">, <span class=\"_ _1\"></span>il <span class=\"_ _1\"></span>rischio di s<span class=\"_ _3\"></span>ub<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>re impatti <span class=\"_ _3\"></span>negativi <span class=\"_ _1\"></span>sui ri<span class=\"_ _3\"></span>su<span class=\"_ _0\"></span>ltati <span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>conomici e <span class=\"_ _3\"></span>sul<span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>uazione </span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8da\">patrimoniale e <span class=\"_ _3\"></span>finanziaria <span class=\"_ _1\"></span>della <span class=\"_ _3\"></span>Soc<span class=\"_ _0\"></span>iet\u00e0 <span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>del Grupp<span class=\"_ _3\"></span>o in se<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>uito <span class=\"_ _1\"></span>a <span class=\"_ _1\"></span>perdite s<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>bite<span class=\"_ _1\"></span> dagli <span class=\"_ _3\"></span>strumenti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8db\">fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari <span class=\"_ _f\"> </span>e <span class=\"_ _6\"></span>dagli <span class=\"_ _6\"></span>altri <span class=\"_ _6\"></span>attivi <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>cu<span class=\"_ _0\"></span>i <span class=\"_ _5\"></span>si<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>investito <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>por<span class=\"_ _0\"></span>taf<span class=\"_ _1\"></span>oglio <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>propriet\u00e0 <span class=\"_ _6\"></span>della <span class=\"_ _f\"> </span>So<span class=\"_ _1\"></span>ciet\u00e0 <span class=\"_ _6\"></span>o <span class=\"_ _6\"></span>del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8dc\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o (rientra in questa <span class=\"_ _1\"></span>fattispecie il ris<span class=\"_ _1\"></span>chio di credito derivante <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ai depo<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>ti <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i liquidit\u00e0)<span class=\"_ _3\"></span>; </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8dd\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff3 fs2\">Rischio <span class=\"_ _211\"> </span>di <span class=\"_ _211\"> </span>S<span class=\"_ _0\"></span>ost<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>nib<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>lit\u00e0<span class=\"_ _1\"></span><span class=\"ff2\">, <span class=\"_ _211\"> </span>i<span class=\"_ _0\"></span>l  rischio  di <span class=\"_ _c\"> </span>subire  im<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span>ti <span class=\"_ _211\"> </span>n<span class=\"_ _0\"></span>egati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _211\"> </span>sui  risultati <span class=\"_ _211\"> </span>economici  e <span class=\"_ _c\"> </span>sulla </span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8de\">situazione patri<span class=\"_ _1\"></span>moniale e <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nanziaria della S<span class=\"_ _1\"></span>ociet\u00e0 <span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _1\"></span>Gruppo in <span class=\"_ _1\"></span>seguito alla<span class=\"_ _3\"></span> possibilit\u00e0 che <span class=\"_ _3\"></span>si<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8df\">verifichi <span class=\"_ _211\"> </span>un <span class=\"_ _211\"> </span>evento  o<span class=\"_ _0\"></span>  una  c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ndizione <span class=\"_ _c\"> </span>a<span class=\"_ _1\"></span>vversa <span class=\"_ _211\"> </span>di  tipo <span class=\"_ _211\"> </span>ambi<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>tale,  sociale  o<span class=\"_ _0\"></span>  di  govern<span class=\"_ _0\"></span>an<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8e0\">(\u201cESG\u201d); </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8e1\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff3 fs2\">Rischio <span class=\"_ _1\"></span>connesso <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>garanzie <span class=\"_ _3\"></span>rilasciate <span class=\"_ _3\"></span>su <span class=\"_ _1\"></span>fondi <span class=\"_ _3\"></span>pensione<span class=\"ff2\">, <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>rischio <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>subire <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mpat<span class=\"_ _1\"></span>ti <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>ativi <span class=\"_ _3\"></span>sui </span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8e2\">risultati <span class=\"_ _b\"></span>economici <span class=\"_ _b\"></span>e <span class=\"_ _5\"></span>sulla <span class=\"_ _b\"></span>situazione <span class=\"_ _b\"></span>patrimoniale <span class=\"_ _0\"></span>e <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>inanziar<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _b\"></span>o <span class=\"_ _5\"></span>del <span class=\"_ _b\"></span>Gru<span class=\"_ _0\"></span>pp<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8e3\">seguito <span class=\"_ _b\"></span>alle <span class=\"_ _b\"></span>perdite <span class=\"_ _b\"></span>connesse <span class=\"_ _0\"></span>al <span class=\"_ _b\"></span>r<span class=\"_ _0\"></span>einte<span class=\"_ _1\"></span>gro <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>favore <span class=\"_ _b\"></span>degli <span class=\"_ _b\"></span>aderenti <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>fondi <span class=\"_ _b\"></span>pensione <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>estiti <span class=\"_ _b\"></span>dal </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8e4\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o, <span class=\"_ _d\"> </span>per <span class=\"_ _1f\"> </span>i <span class=\"_ _15\"> </span>quali <span class=\"_ _15\"> </span>lo <span class=\"_ _15\"> </span>stesso <span class=\"_ _15\"> </span>abbia <span class=\"_ _1f\"> </span>ri<span class=\"_ _0\"></span>las<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iato<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>garanzie <span class=\"_ _15\"> </span>di <span class=\"_ _15\"> </span>restituzione <span class=\"_ _1f\"> </span>del <span class=\"_ _15\"> </span>capitale <span class=\"_ _1f\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8e5\">rendimento minimo;<span class=\"_ _3\"></span> </div><div class=\"t m1 h7 ff9 fs5 fc1 sc0 ls0 ws0 gs8e6\"><span class=\"ff4\"> <span class=\"_ _14\"> </span><span class=\"ff3 fs2\">Rischio di Compl<span class=\"_ _1\"></span>iance e Legale<span class=\"ff2\">, pu<span class=\"_ _3\"></span>\u00f2<span class=\"_ _0\"></span> esse<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e a sua <span class=\"_ _1\"></span>volta suddivis<span class=\"_ _1\"></span>o in: </span></span></span></div><div class=\"t m1 h7 ff28 fs5 fc1 sc0 ls0 ws0 gs8e7\">\u2212<span class=\"ff4\"> <span class=\"_ _170\"> </span><span class=\"ff3 fs2\">rischio <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>compl<span class=\"_ _1\"></span>iance<span class=\"ff2\">: <span class=\"_ _5\"></span>il <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hio<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>di <span class=\"_ _5\"></span>perdite <span class=\"_ _b\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>anni <span class=\"_ _b\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziari<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>derivanti<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>un<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _6\"></span>violazione </span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8e8\">delle <span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>eg<span class=\"_ _1\"></span>gi e<span class=\"_ _1\"></span> <span class=\"_ _3\"></span>dei<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>regolamenti<span class=\"_ _1\"></span> a<span class=\"_ _1\"></span>pplicabili<span class=\"_ _1\"></span> o<span class=\"_ _1\"></span> dalla<span class=\"_ _3\"></span> manc<span class=\"_ _3\"></span>ata osservanza <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>norm<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> e<span class=\"_ _1\"></span> re<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>olamenti<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8e9\">interni <span class=\"_ _211\"> </span>o <span class=\"_ _c\"> </span>esterni <span class=\"_ _211\"> </span>o <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>prassi  d<span class=\"_ _0\"></span>i  m<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>cato. <span class=\"_ _c\"> </span>In <span class=\"_ _211\"> </span>tali <span class=\"_ _c\"> </span>circostanze <span class=\"_ _211\"> </span>la <span class=\"_ _c\"> </span>perdita  o <span class=\"_ _c\"> </span>il <span class=\"_ _c\"> </span>danno <span class=\"_ _c\"> </span>pu\u00f2<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8ea\">presentarsi <span class=\"_ _1\"></span>sotto <span class=\"_ _3\"></span>forma <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> m<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>lte <span class=\"_ _3\"></span>e sa<span class=\"_ _1\"></span>nzioni <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>mp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ste <span class=\"_ _3\"></span>dalle a<span class=\"_ _1\"></span>utorit\u00e0 <span class=\"_ _3\"></span>di re<span class=\"_ _3\"></span>golamen<span class=\"_ _0\"></span>tazi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> e/o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8eb\">dalle <span class=\"_ _17\"> </span>autorit\u00e0 <span class=\"_ _17\"> </span>pe<span class=\"_ _1\"></span>nali <span class=\"_ _17\"> </span>o <span class=\"_ _17\"> </span>altre, <span class=\"_ _17\"> </span>sanz<span class=\"_ _1\"></span>ioni <span class=\"_ _1b\"> </span>q<span class=\"_ _0\"></span>uali <span class=\"_ _1b\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>str<span class=\"_ _0\"></span>izioni<span class=\"_ _1\"></span> <span class=\"_ _17\"> </span>delle <span class=\"_ _17\"> </span>attivit\u00e0 <span class=\"_ _1b\"> </span>commerciali, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8ed\">imposizione  di  misure  correttive  obbligatorie  (comp<span class=\"_ _1\"></span>reso <span class=\"_ _211\"> </span>il  monitoraggio)  o  persino  l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8ee\">perdita della licenza;<span class=\"_ _1\"></span> </div><div class=\"t m1 h8 ff28 fs2 fc1 sc0 ls0 ws0 gs8ef\">\u2212<span class=\"_ _f9\"> </span><span class=\"ff3\">ri<span class=\"_ _0\"></span>sch<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o <span class=\"_ _16\"> </span>le<span class=\"_ _0\"></span>ga<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>e<span class=\"ff2\">: <span class=\"_ _16\"> </span>rischio <span class=\"_ _1f\"> </span>legato <span class=\"_ _1f\"> </span>alle <span class=\"_ _1f\"> </span>potenziali <span class=\"_ _1f\"> </span>per<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ite <span class=\"_ _16\"> </span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziar<span class=\"_ _0\"></span>ie<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>o <span class=\"_ _1f\"> </span>danni <span class=\"_ _1f\"> </span>derivanti <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8f0\">controversie <span class=\"_ _f\"> </span>legali, <span class=\"_ _f\"> </span>reclami, <span class=\"_ _f\"> </span>cause <span class=\"_ _f\"> </span>civili <span class=\"_ _f\"> </span>o  azio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>legali <span class=\"_ _f\"> </span>intraprese <span class=\"_ _f\"> </span>contro<span class=\"_ _1\"></span>  la <span class=\"_ _f\"> </span>Societ\u00e0<span class=\"_ _1\"></span>  o<span class=\"_ _3\"></span>  il </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8f1\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o. <span class=\"_ _c\"> </span>Questo <span class=\"_ _16\"> </span>t<span class=\"_ _3\"></span>ipo<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>di <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>schi<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>pu\u00f2 <span class=\"_ _c\"> </span>derivare <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>a  c<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntratti <span class=\"_ _211\"> </span>n<span class=\"_ _0\"></span>on <span class=\"_ _211\"> </span>adeguati <span class=\"_ _211\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>incompleti,<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8f2\">violazioni <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>leggi <span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>regolamenti, <span class=\"_ _0\"></span>negligenza <span class=\"_ _0\"></span>o <span class=\"_ _b\"></span>altri<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtame<span class=\"_ _1\"></span>nti <span class=\"_ _b\"></span>illeciti <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>espongono<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8f3\">l'organizzazione a respo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sabilit\u00e0<span class=\"_ _1\"></span> legale. </div><div class=\"t m1 h8 ff9 fs2 fc1 sc0 ls0 ws0 gs8f4\"><span class=\"_ _1bb\"> </span><span class=\"ff3\">Rischio <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>Liquidit\u00e0<span class=\"ff2\">, <span class=\"_ _6\"></span>possibilit\u00e0<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>la <span class=\"_ _f\"> </span>S<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ciet\u00e0<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>o<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o <span class=\"_ _f\"> </span>no<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>sia <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>gr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>do <span class=\"_ _f\"></span>di<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>far <span class=\"_ _6\"></span>fronte <span class=\"_ _f\"> </span>alle<span class=\"_ _3\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8f5\">richieste di liq<span class=\"_ _1\"></span>uidit\u00e0 dei propri clienti<span class=\"_ _1\"></span> o di adempier<span class=\"_ _3\"></span>e ag<span class=\"_ _0\"></span>li <span class=\"_ _1\"></span>obblighi finanzia<span class=\"_ _1\"></span>ri nei tempi previst<span class=\"_ _1\"></span>i; </div><div class=\"t m1 h8 ff9 fs2 fc1 sc0 ls0 ws0 gs8f6\"><span class=\"_ _1bb\"> </span><span class=\"ff3\">Rischio <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Leva <span class=\"_ _3\"></span>Finanziar<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>eccessiva<span class=\"ff2\">, <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>rischio <span class=\"_ _3\"></span>che un <span class=\"_ _3\"></span>livello <span class=\"_ _3\"></span>di i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>deb<span class=\"_ _1\"></span>itamento <span class=\"_ _3\"></span>particolarmente<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8f7\">elevato <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>ispett<span class=\"_ _1\"></span>o <span class=\"_ _c\"> </span>all<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>dotazione <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>mezzi<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>propri<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>renda <span class=\"_ _c\"> </span>l<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>Societ\u00e0 <span class=\"_ _211\"> </span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>il <span class=\"_ _16\"> </span>Gr<span class=\"_ _1\"></span>uppo <span class=\"_ _c\"> </span>vu<span class=\"_ _0\"></span>lnerab<span class=\"_ _1\"></span>ile, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8f8\">richiedendo l\u2019adozione<span class=\"_ _1\"></span> di misure c<span class=\"_ _1\"></span>orrettive al Pian<span class=\"_ _1\"></span>o industriale;<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h8 ff9 fs2 fc1 sc0 ls0 ws0 gs8f9\"><span class=\"_ _1bb\"> </span><span class=\"ff3\">Rischio <span class=\"_ _0\"></span>Sistemico<span class=\"ff2\">, <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>rischio <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>l'insolvenza <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>il<span class=\"_ _0\"></span> f<span class=\"_ _0\"></span>all<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ment<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i u<span class=\"_ _0\"></span>no <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>pi\u00f9 <span class=\"_ _0\"></span>operatori <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>mercato </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8fa\">determini generalizzati <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>en<span class=\"_ _1\"></span>omeni d'insolve<span class=\"_ _1\"></span>nza o fallimenti a <span class=\"_ _1\"></span>catena di altri i<span class=\"_ _1\"></span>ntermediari. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8fb\">A tal <span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>e la <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>si \u00e8 <span class=\"_ _0\"></span>dotata di <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>modello <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>\u201cEn<span class=\"_ _3\"></span>ter<span class=\"_ _0\"></span>prise Risk <span class=\"_ _0\"></span>Manageme<span class=\"_ _1\"></span>nt\u201d <span class=\"_ _0\"></span>(ERM), ch<span class=\"_ _0\"></span>e costituisce </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8fc\">un framew<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rk <span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>gr<span class=\"_ _0\"></span>at<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>e coerente <span class=\"_ _3\"></span>per la<span class=\"_ _1\"></span> gesti<span class=\"_ _1\"></span>one <span class=\"_ _3\"></span>dei rischi <span class=\"_ _3\"></span>di imp<span class=\"_ _1\"></span>resa, <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>men<span class=\"_ _0\"></span>tan<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>la complessi<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8fd\">resilienza <span class=\"_ _0\"></span>del Gruppo <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>delle <span class=\"_ _0\"></span>societ\u00e0 <span class=\"_ _0\"></span>cont<span class=\"_ _1\"></span>rollate. <span class=\"_ _0\"></span>Tale <span class=\"_ _0\"></span>modello <span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>eve<span class=\"_ _1\"></span>de <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>convergenza<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>tra <span class=\"_ _0\"></span>le f<span class=\"_ _0\"></span>unzio<span class=\"_ _1\"></span>ni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs8fe\">di gestione del risc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>io tramite<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> l\u2019a<span class=\"_ _1\"></span>dozione di: </div><div class=\"t m1 h13e ffa fs2 fc1 sc0 ls0 ws0 gs8ff\">-<span class=\"_ _3b4\"> </span><span class=\"ff2\">linee guida comuni (<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>eport<span class=\"_ _1\"></span>ing, gestione <span class=\"_ _1\"></span>dei processi<span class=\"_ _1\"></span> di escalation, ecc\u2026.)<span class=\"_ _3\"></span> </span></div><div class=\"t m1 h13e ffa fs2 fc1 sc0 ls0 ws0 gs900\">-<span class=\"_ _3b4\"> </span><span class=\"ff2\">un coerente appr<span class=\"_ _1\"></span>occio metodologi<span class=\"_ _1\"></span>co<span class=\"_ _0\"></span> e<span class=\"_ _3\"></span> strumen<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i/sistemi per la gesti<span class=\"_ _1\"></span>one dei rischi di impresa<span class=\"_ _3\"></span>;<span class=\"_ _4a1\"> </span></span></div><div class=\"t m1 h13e ffa fs2 fc1 sc0 ls0 ws0 gs901\">-<span class=\"_ _3b4\"> </span><span class=\"ff2\">flu<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>si <span class=\"_ _e\"> </span>e <span class=\"_ _15\"> </span>modalit\u00e0 <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _d\"> </span>coordinamento, <span class=\"_ _d\"> </span>scambio <span class=\"_ _d\"> </span>in<span class=\"_ _1\"></span>formativo <span class=\"_ _15\"> </span>e <span class=\"_ _d\"> </span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>gr<span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _15\"> </span>nella <span class=\"_ _d\"> </span>struttura <span class=\"_ _d\"> </span>di<span class=\"_ _4a1\"> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs902\">governance. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs903\">Pi\u00f9 in particolare il Framew<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>k <span class=\"_ _1\"></span>ERM prevede: </div><div class=\"t m1 h13e ffa fs2 fc1 sc0 ls0 ws0 gs904\">-<span class=\"_ _3b4\"> </span><span class=\"ff2\">l\u2019identificazione <span class=\"_ _c\"> </span>dei <span class=\"_ _16\"> </span>risc<span class=\"_ _1\"></span>hi <span class=\"_ _c\"> </span>rilev<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nti <span class=\"_ _16\"> </span>da <span class=\"_ _c\"> </span>valutare <span class=\"_ _16\"> </span>(<span class=\"_ _1\"></span>c.d <span class=\"_ _16\"> </span>\u201cRisk<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>Assessme<span class=\"_ _1\"></span>nt\u201d) <span class=\"_ _16\"> </span>ovve<span class=\"_ _1\"></span>ro <span class=\"_ _16\"> </span>quell<span class=\"_ _1\"></span>i <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs905\">possono  aver<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>impa<span class=\"_ _1\"></span>tti <span class=\"_ _211\"> </span>significativi  sull\u2019equilibrio  economico-fina<span class=\"_ _1\"></span>nziario <span class=\"_ _211\"> </span>e  patrimoniale  del </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs906\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o,  ostacolando  o<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>limitando  il<span class=\"_ _3\"></span> <span class=\"_ _211\"> </span>pieno  raggi<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ngimento<span class=\"_ _1\"></span>  dei  propri<span class=\"_ _1\"></span>  obiettivi <span class=\"_ _f\"> </span>str<span class=\"_ _0\"></span>ategi<span class=\"_ _1\"></span>ci  ed </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs907\">operativi, <span class=\"_ _0\"></span>cui il<span class=\"_ _0\"></span> Gruppo <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>potrebbe<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>essere <span class=\"_ _0\"></span>esposto, i<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>otti<span class=\"_ _1\"></span>ca <span class=\"_ _0\"></span>attuale <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>ro<span class=\"_ _0\"></span>spe<span class=\"_ _1\"></span>ttica, <span class=\"_ _0\"></span>sulla<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>base </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs908\">di specifici criteri di <span class=\"_ _1\"></span>rilevanza;<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h13e ffa fs2 fc1 sc0 ls0 ws0 gs909\">-<span class=\"_ _3b4\"> </span><span class=\"ff2\">l\u2019identificazione <span class=\"_ _0\"></span>e l\u2019implementazi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>e del <span class=\"_ _0\"></span>\u201c<span class=\"_ _1\"></span>Risk <span class=\"_ _0\"></span>App<span class=\"_ _3\"></span>etite <span class=\"_ _0\"></span>Framework\u201d (\u201cRAF\u201d), che r<span class=\"_ _0\"></span>app<span class=\"_ _1\"></span>resenta<span class=\"_ _4a1\"> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs90a\">l\u2019insieme <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>metod<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>logie, <span class=\"_ _3\"></span>processi, p<span class=\"_ _1\"></span>olicy, <span class=\"_ _3\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>olli <span class=\"_ _3\"></span>e siste<span class=\"_ _1\"></span>mi att<span class=\"_ _3\"></span>rav<span class=\"_ _0\"></span>ers<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>cui il <span class=\"_ _3\"></span>Gruppo e<span class=\"_ _1\"></span>sprime <span class=\"_ _1\"></span>la<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs90b\">propria prope<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>sione<span class=\"_ _1\"></span> al ris<span class=\"_ _1\"></span>chio (nonch\u00e9 <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>lter<span class=\"_ _1\"></span>iormente declinata<span class=\"_ _3\"></span> n<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>le sue <span class=\"_ _1\"></span>componenti af<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>erenti<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs90c\">alle <span class=\"_ _6\"></span>soci<span class=\"_ _0\"></span>et\u00e0<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollate) <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>definita <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>coer<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>za <span class=\"_ _5\"></span>con <span class=\"_ _6\"></span>le <span class=\"_ _6\"></span>indicazioni <span class=\"_ _5\"></span>n<span class=\"_ _0\"></span>ormati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>linea <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _5\"></span>le<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs90d\">leading practice di sett<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>;<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h13e ffa fs2 fc1 sc0 ls0 ws0 gs90e\">-<span class=\"_ _3b4\"> </span><span class=\"ff2\">l\u2019adozione <span class=\"_ _6\"></span>di <span class=\"_ _6\"></span>strumenti <span class=\"_ _5\"></span>comuni <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>m<span class=\"_ _1\"></span>onitoraggio <span class=\"_ _6\"></span>e <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>eportin<span class=\"_ _1\"></span>g <span class=\"_ _6\"></span>ver<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o <span class=\"_ _f\"> </span>gli <span class=\"_ _6\"></span>stake<span class=\"_ _1\"></span>holder <span class=\"_ _6\"></span>interni <span class=\"_ _6\"></span>ed </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs90f\">esterni;<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h13e ffa fs2 fc1 sc0 ls0 ws0 gs910\">-<span class=\"_ _3b4\"> </span><span class=\"ff2\">lo s<span class=\"_ _1\"></span>cambio d<span class=\"_ _1\"></span>i fluss<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>tr<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>le funzio<span class=\"_ _1\"></span>ni <span class=\"_ _1\"></span>di <span class=\"_ _1\"></span>controllo e <span class=\"_ _3\"></span>con l<span class=\"_ _3\"></span>a Direzione <span class=\"_ _3\"></span>Ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>hi <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>A<span class=\"_ _1\"></span>nima <span class=\"_ _3\"></span>H<span class=\"_ _0\"></span>oldi<span class=\"_ _1\"></span>ng sia <span class=\"_ _3\"></span>per<span class=\"_ _4a1\"> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs911\">le a<span class=\"_ _1\"></span>ttivit\u00e0 <span class=\"_ _3\"></span>ordinarie s<span class=\"_ _3\"></span>ia i<span class=\"_ _1\"></span>n <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>situazioni <span class=\"_ _3\"></span>di es<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>alat<span class=\"_ _3\"></span>ion e<span class=\"_ _3\"></span> definizio<span class=\"_ _1\"></span>ne pia<span class=\"_ _3\"></span>ni di<span class=\"_ _1\"></span> r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ent<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o <span class=\"_ _3\"></span>(cos\u00ec <span class=\"_ _3\"></span>come<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs912\">previsti <span class=\"_ _0\"></span>nella <span class=\"_ _0\"></span>Poli<span class=\"_ _1\"></span>cy <span class=\"_ _0\"></span>Enterprise R<span class=\"_ _0\"></span>isk<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Management <span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ottata <span class=\"_ _0\"></span>dalle<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>societ\u00e0 <span class=\"_ _0\"></span>cont<span class=\"_ _1\"></span>rollate <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>Anima </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs913\">Holding). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs72d\">Con <span class=\"_ _0\"></span>riferimento <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>rischi <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>natu<span class=\"_ _1\"></span>ra <span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ateg<span class=\"_ _3\"></span>ic<span class=\"_ _0\"></span>a,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>si <span class=\"_ _b\"></span>\u00e8<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dotata <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>un <span class=\"_ _b\"></span>p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>esid<span class=\"_ _1\"></span>io <span class=\"_ _0\"></span>specifico <span class=\"_ _0\"></span>all\u2019interno </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs72e\">della <span class=\"_ _3\"></span>D<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ezione <span class=\"_ _3\"></span>Rischi, <span class=\"_ _3\"></span>tramite <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>servizio <span class=\"_ _3\"></span><span class=\"ff5\">S<span class=\"_ _0\"></span>trategy <span class=\"_ _3\"></span>&amp; <span class=\"_ _3\"></span>Risk<span class=\"ff2\">, <span class=\"_ _3\"></span>che <span class=\"_ _3\"></span>svolge <span class=\"_ _3\"></span>an<span class=\"_ _0\"></span>alis<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>mirate, <span class=\"_ _1\"></span>sia <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>tipo <span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>ualita<span class=\"_ _1\"></span>tivo, </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs72f\">sia di tipo quantitativ<span class=\"_ _1\"></span>o, in ambit<span class=\"_ _1\"></span>o di Gruppo. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs730\">Tenuto conto che la <span class=\"_ _0\"></span>Societ\u00e0 svolge in prevalenza at<span class=\"_ _3\"></span>ti<span class=\"_ _0\"></span>vit\u00e0 di direzione, coordinamento<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>e gestione<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>del<span class=\"_ _1\"></span>le </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs731\">partecipazioni, <span class=\"_ _c\"> </span>l\u2019esposizi<span class=\"_ _1\"></span>one <span class=\"_ _c\"> </span>ai <span class=\"_ _16\"> </span>risc<span class=\"_ _1\"></span>hi <span class=\"_ _c\"> </span>o<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ativi <span class=\"_ _c\"> </span>della <span class=\"_ _211\"> </span>stessa <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>isulta<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>poco<span class=\"_ _0\"></span>  r<span class=\"_ _0\"></span>ilevante. <span class=\"_ _211\"> </span>Il<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>presidio <span class=\"_ _c\"> </span>e<span class=\"_ _0\"></span> <span class=\"_ _211\"> </span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs732\">monitoraggio articolato d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> rischi operativi <span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>ono <span class=\"_ _0\"></span>in<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ece previsti all\u2019interno d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e societ\u00e0 operative <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>l </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs733\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o. <span class=\"_ _16\"> </span>La <span class=\"_ _16\"> </span>Societ\u00e0 <span class=\"_ _c\"> </span>mantiene <span class=\"_ _c\"> </span>peraltro <span class=\"_ _c\"> </span>una <span class=\"_ _16\"> </span>visione <span class=\"_ _16\"> </span>di <span class=\"_ _c\"> </span>insieme <span class=\"_ _c\"> </span>dell\u2019esposizione <span class=\"_ _c\"> </span>ai <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ch<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>o<span class=\"_ _0\"></span>perati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs62a\">dell\u2019intero Grupp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> mediante <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n sistema d<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>rep<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rtin<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span> alimentat<span class=\"_ _1\"></span>o dalle societ\u00e0<span class=\"_ _1\"></span> controllate. La So<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iet\u00e0, e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs62b\">le sue<span class=\"_ _3\"></span> controllate <span class=\"_ _3\"></span>ove <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ile<span class=\"_ _1\"></span>vante, <span class=\"_ _1\"></span>si s<span class=\"_ _3\"></span>ono<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>inoltre <span class=\"_ _3\"></span>dotate di <span class=\"_ _3\"></span>policy <span class=\"_ _3\"></span>e presidi<span class=\"_ _1\"></span> sp<span class=\"_ _1\"></span>ecifici p<span class=\"_ _1\"></span>er <span class=\"_ _3\"></span>monitorare i<span class=\"_ _3\"></span> rischi<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs62c\">fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>possono <span class=\"_ _0\"></span>originare <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>presenza <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>una <span class=\"_ _0\"></span>eccede<span class=\"_ _1\"></span>nza <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>liquidit\u00e0 <span class=\"_ _0\"></span>aziendale <span class=\"_ _0\"></span>dispon<span class=\"_ _1\"></span>ibile <span class=\"_ _0\"></span>per </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs62d\">fin<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>it\u00e0 di investimento. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs62e\">Con speci<span class=\"_ _1\"></span>fico <span class=\"_ _1\"></span>riferimento <span class=\"_ _1\"></span>ai <span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>schi <span class=\"_ _3\"></span>di s<span class=\"_ _1\"></span>ostenibilit\u00e0 <span class=\"_ _3\"></span>la Societ\u00e0 ha <span class=\"_ _3\"></span>progressivame<span class=\"_ _1\"></span>nte inte<span class=\"_ _1\"></span>grato t<span class=\"_ _1\"></span>ali asp<span class=\"_ _1\"></span>etti, </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs62f\">trasversalmente <span class=\"_ _16\"> </span>prese<span class=\"_ _1\"></span>nti <span class=\"_ _16\"> </span>nelle <span class=\"_ _16\"> </span>attivit\u00e0 <span class=\"_ _16\"> </span>aziendali <span class=\"_ _c\"> </span>propri<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>e <span class=\"_ _16\"> </span>delle <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>ollate, <span class=\"_ _16\"> </span>nelle <span class=\"_ _16\"> </span>policy <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>nelle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs630\">procedure in esse<span class=\"_ _1\"></span>re. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs915\">Il <span class=\"_ _16\"> </span>Consiglio<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>di <span class=\"_ _c\"> </span>Amministrazione <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>ella<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>Societ\u00e0, <span class=\"_ _c\"> </span>con <span class=\"_ _16\"> </span>il <span class=\"_ _16\"> </span>s<span class=\"_ _1\"></span>upporto <span class=\"_ _16\"> </span>del <span class=\"_ _211\"> </span>Co<span class=\"_ _0\"></span>mita<span class=\"_ _1\"></span>to <span class=\"_ _c\"> </span>C<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntrolli <span class=\"_ _16\"> </span>e <span class=\"_ _c\"> </span>Rischi <span class=\"_ _16\"> </span>e<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs916\">Sostenibilit\u00e0, <span class=\"_ _3\"></span>accerta <span class=\"_ _3\"></span>la <span class=\"_ _1\"></span>natura <span class=\"_ _3\"></span>ed <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l <span class=\"_ _3\"></span>livello <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>rischio <span class=\"_ _3\"></span>com<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>tibile <span class=\"_ _3\"></span>con <span class=\"_ _3\"></span>gli <span class=\"_ _3\"></span>ob<span class=\"_ _0\"></span>ietti<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>aziendali, <span class=\"_ _3\"></span>tenut<span class=\"_ _1\"></span>o <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>onto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs120\">di pa<span class=\"_ _1\"></span>rametri <span class=\"_ _3\"></span>collegati a<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>ultato <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _1\"></span>one, a<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>patrimonio <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>etto<span class=\"_ _1\"></span> e <span class=\"_ _3\"></span>alla <span class=\"_ _3\"></span>posi<span class=\"_ _0\"></span>zi<span class=\"_ _3\"></span>one fina<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ziaria <span class=\"_ _3\"></span>netta <span class=\"_ _1\"></span>della </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs917\">Societ\u00e0. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs122\">Per <span class=\"_ _1f\"> </span>q<span class=\"_ _0\"></span>ua<span class=\"_ _1\"></span>nto <span class=\"_ _1f\"> </span>conc<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ne <span class=\"_ _16\"> </span>l\u2019<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>nformativa <span class=\"_ _1f\"> </span>finan<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>iaria <span class=\"_ _15\"> </span>lo <span class=\"_ _16\"> </span>SCIG<span class=\"_ _0\"></span>R <span class=\"_ _1f\"> </span>si <span class=\"_ _15\"> </span>sostanzia <span class=\"_ _1f\"> </span>in <span class=\"_ _1f\"> </span>una <span class=\"_ _1f\"> </span>ser<span class=\"_ _0\"></span>ie <span class=\"_ _16\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>procedu<span class=\"_ _1\"></span>re </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs918\">amministrative <span class=\"_ _3\"></span>e <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>ontabili, <span class=\"_ _3\"></span>ass<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>stite <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>appos<span class=\"_ _1\"></span>ite <span class=\"_ _3\"></span>applicazioni <span class=\"_ _3\"></span>informati<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he, <span class=\"_ _3\"></span>e <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>strumenti <span class=\"_ _8\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>valu<span class=\"_ _0\"></span>taz<span class=\"_ _1\"></span>ione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs124\">dell\u2019adeguatezza e del<span class=\"_ _1\"></span>l\u2019effettivo funzi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>namento <span class=\"_ _1\"></span>delle stesse (mode<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>lo di <span class=\"_ _1\"></span>\u201cfinancial risk repo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ting\u201d<span class=\"_ _1\"></span>). </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs919\">L\u2019implementazi<span class=\"_ _1\"></span>one <span class=\"_ _211\"> </span>e  la <span class=\"_ _f\"> </span>manutenzione  del  m<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>dello  si  sv<span class=\"_ _1\"></span>olge  secondo <span class=\"_ _f\"> </span>u<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span>  processo  a<span class=\"_ _1\"></span>rticolato  nelle<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs91a\">seguenti principali <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>asi: </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs91b\">a)<span class=\"_ _170\"> </span>identificazione e va<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>utazio<span class=\"_ _1\"></span>ne dei rischi app<span class=\"_ _1\"></span>licabili al<span class=\"_ _1\"></span>l\u2019informativa finanzia<span class=\"_ _1\"></span>ria;<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs91c\">b)<span class=\"_ _1e\"> </span>i<span class=\"_ _0\"></span>dentifi<span class=\"_ _1\"></span>cazione dei cont<span class=\"_ _1\"></span>ro<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i a <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ronte dei <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chi individuati a livel<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>o di pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>cesso <span class=\"_ _1\"></span>rilevante;<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs91d\">c)<span class=\"_ _2fe\"> </span>valutazione  dell\u2019adeguatezza<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span>e  dell<span class=\"_ _0\"></span>\u2019e<span class=\"_ _1\"></span>ffettiva<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span>applicazione  delle  procedure <span class=\"_ _211\"> </span>amministrati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e  e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs91e\">contabili e dei relati<span class=\"_ _1\"></span>vi controlli. </div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs920\">3.1 Rischi finanz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ari </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs623\">L'informativa \u00e8 prevista <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>all'a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>t. 242<span class=\"_ _1\"></span>8 C.C. e dai principi c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntabili IAS 3<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> e IFRS <span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs921\">I rischi finanzia<span class=\"_ _1\"></span>ri comprendono:<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff9 fs2 fc1 sc0 ls0 ws0 gs922\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">il <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>chio<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>liquidit\u00e0, c<span class=\"_ _0\"></span>onnesso <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>diffi<span class=\"_ _1\"></span>col<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>smobilizzare <span class=\"_ _0\"></span>un\u2019attivit\u00e0 <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>tempi <span class=\"_ _0\"></span>rapidi <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>un<span class=\"_ _4a1\"> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs923\">prezzo  d<span class=\"_ _3\"></span>i  mer<span class=\"_ _1\"></span>cato,  o<span class=\"_ _3\"></span>vvero <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>accedere <span class=\"_ _f\"> </span>tempesti<span class=\"_ _1\"></span>vamente <span class=\"_ _f\"> </span>alle <span class=\"_ _f\"> </span>risorse <span class=\"_ _f\"> </span>finan<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>iarie  ne<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essar<span class=\"_ _1\"></span>ie<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs924\">all\u2019azienda a costi so<span class=\"_ _1\"></span>stenibili;<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff9 fs2 fc1 sc0 ls0 ws0 gs925\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">il <span class=\"_ _15\"> </span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chio <span class=\"_ _15\"> </span>di <span class=\"_ _d\"> </span>credito, <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>io\u00e8 <span class=\"_ _1f\"> </span>i<span class=\"_ _0\"></span>l <span class=\"_ _15\"> </span>rischio <span class=\"_ _15\"> </span>di <span class=\"_ _d\"> </span>incorre<span class=\"_ _1\"></span>re <span class=\"_ _15\"> </span>in <span class=\"_ _d\"> </span>perdite <span class=\"_ _d\"> </span>a <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>ausa <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019inadempienza<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>o<span class=\"_ _4a1\"> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs926\">dell\u2019insolvenza del<span class=\"_ _1\"></span>la controparte; </div><div class=\"t m1 h4 ff9 fs2 fc1 sc0 ls0 ws0 gs927\"><span class=\"_ _1bb\"> </span><span class=\"ff2\">il rischio di mer<span class=\"_ _1\"></span>cato, legato ad oscillaz<span class=\"_ _1\"></span>ioni del valore di attivit\u00e0/pa<span class=\"_ _1\"></span>ssivit\u00e0 a seg<span class=\"_ _1\"></span>uito di variazioni </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs928\">delle condizioni d<span class=\"_ _1\"></span>i mercato (prezzo<span class=\"_ _1\"></span>, tasso, cambio, commodit<span class=\"_ _3\"></span>y<span class=\"_ _0\"></span>).<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs929\">Il <span class=\"_ _19\"> </span>Gruppo <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _19\"> </span>esposto <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>tutti <span class=\"_ _19\"> </span>i <span class=\"_ _19\"> </span>tre <span class=\"_ _19\"> </span>rischi <span class=\"_ _19\"> </span>sopra <span class=\"_ _e\"> </span>menzionati. <span class=\"_ _1b\"> </span>I<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>particolar<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>, <span class=\"_ _19\"> </span>tale <span class=\"_ _19\"> </span>esposizione <span class=\"_ _19\"> </span>\u00e8 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs92a\">essenzialmente <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>conducibile <span class=\"_ _b\"></span>alla <span class=\"_ _b\"></span>gestione <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>liq<span class=\"_ _1\"></span>uidi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>delle <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Gruppo, <span class=\"_ _b\"></span>sia <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>relazion<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>al </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs735\">rimborso <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019indebitament<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>sottoscritto<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _0\"></span>(prestito <span class=\"_ _b\"></span>obbligazi<span class=\"_ _1\"></span>onario), <span class=\"_ _b\"></span>sia <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>elazio<span class=\"_ _1\"></span>ne <span class=\"_ _b\"></span>alle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs92b\">eccedenze <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>riso<span class=\"_ _1\"></span>rse <span class=\"_ _c\"> </span>finanziarie <span class=\"_ _c\"> </span>rispetto <span class=\"_ _c\"> </span>ai <span class=\"_ _c\"> </span>fabb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>gni <span class=\"_ _c\"> </span>attesi <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>liquidit\u00e0 <span class=\"_ _c\"> </span>generati <span class=\"_ _c\"> </span>dall\u2019operativit\u00e0<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs630\">ordinaria, ovver<span class=\"_ _1\"></span>o il<span class=\"_ _0\"></span> p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>taf<span class=\"_ _1\"></span>oglio di prop<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iet\u00e0 del Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs92d\">Gestione liquidit\u00e0 azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ale: <span class=\"_ _1\"></span>indebitamento </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs92e\">Al 31 dicembre 202<span class=\"_ _1\"></span>4 il Gruppo prese<span class=\"_ _1\"></span>nta la segue<span class=\"_ _1\"></span>nte stru<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>ur<span class=\"_ _0\"></span>a de<span class=\"_ _1\"></span>bitoria: </div><div class=\"gs547\"><table class=\"s w8ee h3cb\" id=\"_42700b2d-4b51-471a-b52b-79e00d6692e7\"><tr><td></td><td></td><td class=\"t m23 xa1b h9e y1b5e ff3 fs35 fc1 sc0 ls0 ws0\">Espo<span class=\"_ _3\"></span>sizi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e debi<span class=\"_ _1\"></span>toria<span class=\"_ _3\"></span> </td></tr><tr><td class=\"c n xa1c y1b5f w8ef h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">Tip<span class=\"_ _3\"></span>ol<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ia<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa1d y1b5f w8f0 h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">Valo<span class=\"_ _3\"></span>re N<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c xa1e y1b60 w1d h140\"><div class=\"t m23 x3b h9e y96e ff3 fs35 fc1 sc0 ls0 ws0\">al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>      </div></td></tr><tr><td></td><td></td><td class=\"t m23 xa1f h9e y1b61 ff3 fs35 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1b62 w8f1 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">Prest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o Obblig<span class=\"_ _1\"></span>aziona<span class=\"_ _1\"></span>rio 20<span class=\"_ _0\"></span>26<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa20 y1b62 w8f2 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>3.9<span class=\"_ _0\"></span>78<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa21 y1b62 w8f2 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>.987<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b63 w8f1 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">Prest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o Obblig<span class=\"_ _1\"></span>aziona<span class=\"_ _1\"></span>rio 20<span class=\"_ _0\"></span>28<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa20 y1b63 w8f2 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">30<span class=\"_ _0\"></span>0.0<span class=\"_ _0\"></span>00<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa21 y1b63 w8f2 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>01<span class=\"_ _0\"></span>.227<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w8f3 h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> in<span class=\"_ _1\"></span>debi<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ento<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa22 y16d8 w8f4 h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">58<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>78<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa23 y16d8 w8f4 h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>85<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>14<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs931\">Il profilo di sca<span class=\"_ _1\"></span>denza della struttu<span class=\"_ _1\"></span>ra nominale debit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ria ris<span class=\"_ _1\"></span>ulta essere: </div><div class=\"gs932\"><table class=\"s w8f5 h3cc\" id=\"_4f4fefdf-552f-4b04-bcde-e6849e553cbf\"><tr><td></td><td class=\"t m3c xa24 h141 y1b64 ff3 fs78 fc1 sc0 ls0 ws0\">Prestito </td><td class=\"t m3c xa25 h141 y1b65 ff3 fs78 fc1 sc0 ls0 wsb\">Prestito <span class=\"ff29 ws0\"> </span></td><td></td></tr><tr><td class=\"t m3b xa26 h141 y1b66 ff3 fs78 fc1 sc0 ls0 ws0\">Sc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>nz<span class=\"_ _3\"></span>a<span class=\"_ _4a1\"> </span></td><td class=\"t m3c xa27 h141 y1b66 ff3 fs78 fc1 sc0 ls0 ws0\">Obbligazionario<span class=\"_ _4a1\"> </span></td><td class=\"t m3c xa28 h141 y1b67 ff3 fs78 fc1 sc0 ls0 ws0\">Obbligazionario<span class=\"_ _4a1\"> </span></td><td class=\"t m3b xa29 h141 y1b66 ff3 fs78 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1b69 w8f6 h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">infe<span class=\"_ _1\"></span>riore<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>a 6 mesi<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3c xa2a h141 y1b6a ff3 fs78 fc1 sc0 ls0 ws0\">2026<span class=\"_ _4a1\"> </span></td><td class=\"t m3c xa2b h141 y1b6b ff3 fs78 fc1 sc0 ls0 ws0\">2028<span class=\"_ _4a1\"> </span></td><td class=\"c n xa2c y1b69 w8f7 h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b6c w8f8 h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">infe<span class=\"_ _1\"></span>riore<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>a 1 anno<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n xa2d y1b6c w8f7 h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b6d w8f9 h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">tra 1 e 3 anni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa2e y1b6d w8fa h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>3.97<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa2f y1b6d w8fb h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>.97<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b6e w8f9 h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">tra 3 e 5 anni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa30 y1b6e w8fc h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">30<span class=\"_ _0\"></span>0.000<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa31 y1b6e w8fb h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>000<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y171c w8fd h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">olt<span class=\"_ _3\"></span>re 5 anni<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n xa32 y171c w8fe h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w8ff h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">Total<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa33 y16d8 w8fb h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.9<span class=\"_ _0\"></span>78<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa34 y16d8 w900 h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">30<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>000<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa35 y16d8 w8fb h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>978<span class=\"_ _4a1\"> </span></div></td></tr></table></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs934\">Il <span class=\"_ _b\"></span>Prestito<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Obbligazionari<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>026<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>non <span class=\"_ _0\"></span>convertibile <span class=\"_ _b\"></span><span class=\"ff5\">se<span class=\"_ _1\"></span>nior <span class=\"_ _0\"></span>unsecured<span class=\"ff2\"> <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>stato<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>emesso <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>data <span class=\"_ _0\"></span>23 <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>tto<span class=\"_ _1\"></span>bre </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs935\">2019, per un nominale di Euro 300 milioni con scad<span class=\"_ _1\"></span>enza a 7 anni.<span class=\"_ _0\"></span> Le <span class=\"_ _1\"></span>obbligazioni sono state emesse al </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs12a\">prezzo <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>99,459%, <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>tass<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>interesse <span class=\"_ _0\"></span>fisso annuo <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>riferimento <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>1,75%<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>(cfr. <span class=\"_ _0\"></span>comunicato<span class=\"_ _4a1\"> </span></div>stampa del <span class=\"_ _0\"></span>17 <span class=\"_ _0\"></span>ottobre <span class=\"_ _0\"></span>2019). L\u2019<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>iss<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>one obbligazionaria ha <span class=\"_ _0\"></span>comportato un<span class=\"_ _0\"></span> incasso <span class=\"_ _0\"></span>netto <span class=\"_ _0\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _0\"></span>Anima Holding di circa E<span class=\"_ _1\"></span>uro 298,38 milio<span class=\"_ _1\"></span>ni. Si <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>icorda <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>10 <span class=\"_ _6\"></span>giugno <span class=\"_ _f\"> </span>2020 <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>venut<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>il <span class=\"_ _f\"> </span>regolamento <span class=\"_ _6\"></span>dell\u2019offerta <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>riacquist<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>parziale avente <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>oggetto <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>obbligazioni <span class=\"_ _0\"></span>emesse<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dalla <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>importo <span class=\"_ _0\"></span>nominale c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>lessivo <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Euro 16,02 milioni.<span class=\"_ _1\"></span> Al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2024, <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>nominale <span class=\"_ _8\"></span>residuo <span class=\"_ _3\"></span>del <span class=\"_ _8\"></span>Pr<span class=\"_ _0\"></span>estito <span class=\"_ _8\"></span>O<span class=\"_ _0\"></span>bbli<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>nario <span class=\"_ _3\"></span>2026 <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _1\"></span>par<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>283,98 milioni. Il <span class=\"_ _1f\"> </span>Pr<span class=\"_ _0\"></span>estito <span class=\"_ _16\"> </span>Obbligazionario <span class=\"_ _1f\"> </span>2026 <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _1f\"> </span>stato <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>ise<span class=\"_ _3\"></span>rvato <span class=\"_ _15\"> </span>a <span class=\"_ _1f\"> </span>i<span class=\"_ _0\"></span>nvestito<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _1f\"> </span>qualificati <span class=\"_ _1f\"> </span>in <span class=\"_ _15\"> </span>Italia <span class=\"_ _1f\"> </span>e <span class=\"_ _15\"> </span>all\u2019ester<span class=\"_ _1\"></span>o, escludendo  gli  Stati <span class=\"_ _211\"> </span>Uniti  d'America  ed <span class=\"_ _211\"> </span>altri <span class=\"_ _211\"> </span>pae<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>  selezionati.  La  quotazione  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>obbligazioni<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>\u00e8 avvenuta sul si<span class=\"_ _0\"></span>stema<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>multilate<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ale di negoziazione, come definit<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>ai sensi della Direttiva 2014/65/UE<span class=\"_ _1\"></span> (multilateral  tradi<span class=\"_ _1\"></span>ng  facility,  o  MTF),  de<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ominato<span class=\"_ _1\"></span>  \u201cGlobal  Exchange  Market\u201d<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>  gestito <span class=\"_ _f\"> </span>da  Euronext Dublin. Alle obbli<span class=\"_ _1\"></span>gazioni \u00e8 attualmente asse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> un rati<span class=\"_ _1\"></span>ng <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ri a BBB da pa<span class=\"_ _1\"></span>rte di Fitc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span> Ratings Ltd..<span class=\"_ _3\"></span> Nella tabella seg<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ente si riass<span class=\"_ _1\"></span>umono le p<span class=\"_ _1\"></span>rincipali caratt<span class=\"_ _1\"></span>eristiche dello st<span class=\"_ _1\"></span>rum<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span>: <table class=\"s w901 h3cd\" id=\"_ca102f0f-41e8-4e9a-b3b9-57df18cf8206\"><tr><td class=\"c n xa36 y1b70 w902 h359\"><div class=\"t m3a x17f h143 y1b6f ff3 fs79 fc1 sc0 ls0 ws0\">Em<span class=\"_ _1\"></span>ittente<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa37 y1b70 w903 h359\"><div class=\"t m3a x17f h143 y1b6f ff3 fs79 fc1 sc0 ls0 ws0\">Cod<span class=\"_ _3\"></span>ice<span class=\"_ _0\"></span> ISIN</div></td><td class=\"t m3a x496 h143 y1b71 ff3 fs79 fc1 sc0 ls0 ws0\">Mer<span class=\"_ _0\"></span>cato<span class=\"_ _1\"></span> di<span class=\"_ _3\"></span> </td><td class=\"c n xa38 y1b70 w904 h359\"><div class=\"t m3a x17f h143 y1b6f ff3 fs79 fc1 sc0 ls0 ws0\">Ra<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _1\"></span>g<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa39 y1b70 w905 h359\"><div class=\"t m3a x17f h143 y1b6f ff3 fs79 fc1 sc0 ls0 ws0\">Va<span class=\"_ _3\"></span>luta</div></td><td class=\"t m3a xa3a h143 y1b71 ff3 fs79 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore </td><td class=\"t m3a xa3b h143 y1b71 ff3 fs79 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore IAS di<span class=\"_ _3\"></span> </td><td class=\"t m3a xa3c h143 y1b72 ff3 fs79 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>edol<span class=\"_ _1\"></span>a<span class=\"_ _4a1\"> </span></td><td class=\"t m3a xa3d h143 y1b71 ff3 fs79 fc1 sc0 ls0 ws0\">Data </td></tr><tr><td></td><td></td><td class=\"c xa3e y1b73 w30 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">qu<span class=\"_ _1\"></span>ota<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>az<span class=\"_ _3\"></span>ion<span class=\"_ _1\"></span>e </div></td><td></td><td></td><td class=\"c xa3f y1b73 w31 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">Nomi<span class=\"_ _1\"></span>nl<span class=\"_ _1\"></span>e</div></td><td class=\"c xa40 y1b73 w32 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">bi<span class=\"_ _3\"></span>lan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3a xa41 h144 y1b74 ff2 fs79 fc1 sc0 ls0 ws0\">Annuale<span class=\"_ _3\"></span>  </td><td class=\"c x494 y1b73 w33 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">scadenz<span class=\"_ _3\"></span>a<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b76 w906 h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> Hold<span class=\"_ _1\"></span>ing S.p.<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa42 y1b76 w907 h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">XS<span class=\"_ _0\"></span>206<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>040<span class=\"_ _0\"></span>389<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa43 y1b76 w908 h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">M<span class=\"_ _1\"></span>TF<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa44 y1b76 w909 h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">BBB<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa45 y1b76 w90a h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">E<span class=\"_ _0\"></span>uro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa46 y1b76 w90b h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3.978<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa47 y1b76 w90c h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">283<span class=\"_ _0\"></span>.98<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3a x3bc h144 y1b77 ff2 fs79 fc1 sc0 ls0 ws0\">tasso f<span class=\"_ _0\"></span>isso </td><td class=\"t m3a x72c h144 y1b77 ff2 fs79 fc1 sc0 ls0 ws0\">23/1<span class=\"_ _0\"></span>0/202<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c xa48 y1b78 w34 h8a\"><div class=\"t m3a x3b h144 y400 ff2 fs79 fc1 sc0 ls0 ws0\">1,7<span class=\"_ _0\"></span>5%<span class=\"_ _4a1\"> </span></div></td><td></td></tr></table><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs937\">Il <span class=\"_ _5\"></span>Prestito <span class=\"_ _b\"></span>Ob<span class=\"_ _0\"></span>bligazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>na<span class=\"_ _1\"></span>rio<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>28 <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>convertibile <span class=\"_ _b\"></span><span class=\"ff5\">senior <span class=\"_ _b\"></span>un</span>secu<span class=\"_ _0\"></span>red <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>emesso <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>2 <span class=\"_ _5\"></span>aprile </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4fc\">2021, per un nominale di Euro 300 milioni con scad<span class=\"_ _1\"></span>enza a 7 anni.<span class=\"_ _0\"></span> Le <span class=\"_ _1\"></span>obbligazioni sono state emesse al </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs938\">prezzo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>99,408, <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nte<span class=\"_ _1\"></span>resse <span class=\"_ _6\"></span>fisso <span class=\"_ _f\"> </span>a<span class=\"_ _3\"></span>nnuo <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>riferimento<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>pari <span class=\"_ _f\"> </span>a <span class=\"_ _5\"></span>1,5% <span class=\"_ _6\"></span>(cfr. <span class=\"_ _6\"></span>comunicato </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs939\">stampa <span class=\"_ _e\"> </span>del <span class=\"_ _19\"> </span>c<span class=\"_ _0\"></span>ollocament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligazionario <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _e\"> </span>15 <span class=\"_ _19\"> </span>aprile <span class=\"_ _19\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>21). <span class=\"_ _19\"> </span>L\u2019emissione <span class=\"_ _e\"> </span>ob<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>ligazionaria <span class=\"_ _e\"> </span>h<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs93a\">com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>tato<span class=\"_ _3\"></span> un inc<span class=\"_ _0\"></span>ass<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>nett<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> per A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima Hol<span class=\"_ _1\"></span>ding di circa E<span class=\"_ _1\"></span>uro 298,224 mili<span class=\"_ _1\"></span>oni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs93b\">Al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>dicembre <span class=\"_ _0\"></span>2024, <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>valo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>nominale<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>residuo <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _0\"></span>Pr<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>Obbligazionario <span class=\"_ _0\"></span>2028 <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a Euro <span class=\"_ _0\"></span>300 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs93c\">milioni. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs93d\">Il <span class=\"_ _15\"> </span>Pr<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>Obbligazionario <span class=\"_ _1f\"> </span>2028 <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _1f\"> </span>stato <span class=\"_ _15\"> </span>ri<span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>vato <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>investitori <span class=\"_ _15\"> </span>qualificati <span class=\"_ _1f\"> </span>in <span class=\"_ _15\"> </span>Italia <span class=\"_ _d\"> </span>e <span class=\"_ _15\"> </span>all\u2019estero </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs503\">(escludendo <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>Stati <span class=\"_ _f\"> </span>Uniti <span class=\"_ _f\"> </span>d'America <span class=\"_ _f\"> </span>ed <span class=\"_ _f\"> </span>altri <span class=\"_ _f\"> </span>paesi <span class=\"_ _f\"> </span>selezionati). <span class=\"_ _f\"> </span>La <span class=\"_ _f\"> </span>quotazione <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>obbligazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>\u00e8 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs504\">avvenuta sul si<span class=\"_ _0\"></span>stema<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>multilate<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ale di negoziazione, come definit<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>ai sensi della Direttiva 2014/65/UE<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs93e\">(multilateral  tradi<span class=\"_ _1\"></span>ng  facility,  o  MTF),  de<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ominato<span class=\"_ _1\"></span>  \u201cGlobal  Exchange  Market\u201d<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>  gestito <span class=\"_ _f\"> </span>da  Euronext </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs93f\">Dublin. Alle obbli<span class=\"_ _1\"></span>gazioni \u00e8 stat<span class=\"_ _1\"></span>o assegnato un ratin<span class=\"_ _1\"></span>g pari a BBB da pa<span class=\"_ _1\"></span>rte di Fitch Ratin<span class=\"_ _1\"></span>gs Ltd..<span class=\"_ _4a1\"> </span></div>Nella tabella seg<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ente si riass<span class=\"_ _1\"></span>umono le p<span class=\"_ _1\"></span>rincipali caratt<span class=\"_ _1\"></span>eristiche dello st<span class=\"_ _1\"></span>rum<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span>: <table class=\"s w901 h3cd\" id=\"_a041bfb2-ac1f-4463-b009-78b2030072be\"><tr><td class=\"c n xa36 y1b79 w902 h35a\"><div class=\"t m3a x17f h143 y16e8 ff3 fs79 fc1 sc0 ls0 ws0\">Em<span class=\"_ _1\"></span>ittente<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa37 y1b79 w903 h35a\"><div class=\"t m3a x17f h143 y16e8 ff3 fs79 fc1 sc0 ls0 ws0\">Cod<span class=\"_ _3\"></span>ice<span class=\"_ _0\"></span> ISIN</div></td><td class=\"t m3a x496 h143 y1b7a ff3 fs79 fc1 sc0 ls0 ws0\">Mer<span class=\"_ _0\"></span>cato<span class=\"_ _1\"></span> di<span class=\"_ _3\"></span> </td><td class=\"c n xa38 y1b79 w904 h35a\"><div class=\"t m3a x17f h143 y16e8 ff3 fs79 fc1 sc0 ls0 ws0\">Ra<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _1\"></span>g<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa39 y1b79 w905 h35a\"><div class=\"t m3a x17f h143 y16e8 ff3 fs79 fc1 sc0 ls0 ws0\">Va<span class=\"_ _3\"></span>luta</div></td><td class=\"t m3a xa3a h143 y1b7a ff3 fs79 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore </td><td class=\"t m3a xa3b h143 y1b7a ff3 fs79 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore IAS di<span class=\"_ _3\"></span> </td><td class=\"t m3a xa3c h143 y1b7b ff3 fs79 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>edol<span class=\"_ _1\"></span>a<span class=\"_ _4a1\"> </span></td><td class=\"t m3a xa3d h143 y1b7a ff3 fs79 fc1 sc0 ls0 ws0\">Data </td></tr><tr><td></td><td></td><td class=\"c xa3e y1b7c w30 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">qu<span class=\"_ _1\"></span>ota<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>az<span class=\"_ _3\"></span>ion<span class=\"_ _1\"></span>e </div></td><td></td><td></td><td class=\"c xa3f y1b7c w31 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">Nomi<span class=\"_ _1\"></span>nl<span class=\"_ _1\"></span>e</div></td><td class=\"c xa40 y1b7c w32 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">bi<span class=\"_ _3\"></span>lan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3a xa41 h144 y1b7d ff2 fs79 fc1 sc0 ls0 ws0\">Annuale<span class=\"_ _3\"></span>  </td><td class=\"c x494 y1b7c w33 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">scadenz<span class=\"_ _3\"></span>a<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b7e w906 h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> Hold<span class=\"_ _1\"></span>ing S.p.<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa42 y1b7e w907 h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">XS<span class=\"_ _0\"></span>233<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>921<span class=\"_ _0\"></span>390<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa43 y1b7e w908 h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">M<span class=\"_ _1\"></span>TF<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa44 y1b7e w909 h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">BBB<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa45 y1b7e w90a h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">E<span class=\"_ _0\"></span>uro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa46 y1b7e w90b h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0.000<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa47 y1b7e w90c h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">301<span class=\"_ _0\"></span>.22<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3a x3bc h144 y1b7f ff2 fs79 fc1 sc0 ls0 ws0\">tasso f<span class=\"_ _0\"></span>isso </td><td class=\"t m3a x72c h144 y1b7f ff2 fs79 fc1 sc0 ls0 ws0\">22/0<span class=\"_ _0\"></span>4/202<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c xa49 y1b80 w35 h8a\"><div class=\"t m3a x3b h144 y400 ff2 fs79 fc1 sc0 ls0 ws0\">1,5%<span class=\"_ _4a1\"> </span></div></td><td></td></tr></table>In  mer<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  a  ulteriori  clausole  correlate  all\u2019indebit<span class=\"_ _1\"></span>amento  d<span class=\"_ _0\"></span>el  Gruppo<span class=\"_ _1\"></span>,  si  r<span class=\"_ _0\"></span>inv<span class=\"_ _1\"></span>ia  alla  \u201cRelazione  su<span class=\"_ _0\"></span>l governo <span class=\"_ _c\"> </span>societario <span class=\"_ _c\"> </span>e <span class=\"_ _16\"> </span>gli <span class=\"_ _c\"> </span>assetti <span class=\"_ _c\"> </span>pro<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>etari<span class=\"_ _1\"></span>\u201d <span class=\"_ _16\"> </span>- <span class=\"_ _c\"> </span>disp<span class=\"_ _1\"></span>onibile <span class=\"_ _c\"> </span>su<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>sito <span class=\"_ _211\"> </span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>net<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>della <span class=\"_ _c\"> </span>Societ\u00e0 <span class=\"_ _c\"> </span>(sezione Corporate Gover<span class=\"_ _1\"></span>nance)<span class=\"ff2\"> redatta sulla base <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> q<span class=\"_ _1\"></span>uanto p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>evisto dall\u2019art. <span class=\"_ _1\"></span>123-bis del TUF,<span class=\"_ _1\"></span> ai sensi del q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ale </span>gli <span class=\"_ _211\"> </span>emittenti  devono <span class=\"_ _211\"> </span>annualme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te  fornire  al <span class=\"_ _211\"> </span>mercato  una  serie  di <span class=\"_ _211\"> </span>informazioni,  d<span class=\"_ _0\"></span>etta<span class=\"_ _3\"></span>gliatamente individuate dalla n<span class=\"_ _1\"></span>orma in oggetto.<span class=\"_ _4a1\"> </span><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs941\">Gestione liquidit\u00e0 azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ale: e<span class=\"_ _1\"></span>ccedenza ris<span class=\"_ _1\"></span>orse fina<span class=\"_ _1\"></span>nziarie  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs942\">In materia di gest<span class=\"_ _3\"></span>ione d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a li<span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>uidit\u00e0 az<span class=\"_ _1\"></span>iendale, le s<span class=\"_ _3\"></span>ociet\u00e0 del Gruppo in<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>esto<span class=\"_ _1\"></span>no le eccedenze <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rse </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs943\">fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> in <span class=\"_ _3\"></span>(i) <span class=\"_ _1\"></span>OICR, <span class=\"_ _3\"></span>prevalentemente<span class=\"_ _3\"></span> in <span class=\"_ _3\"></span>OICVM <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>FIA<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>hiusi <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ise<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>vati <span class=\"_ _3\"></span>istituiti <span class=\"_ _3\"></span>e/o <span class=\"_ _3\"></span>gestiti da<span class=\"_ _3\"></span> so<span class=\"_ _1\"></span>ciet\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs944\">principalmente <span class=\"_ _0\"></span>appartenenti <span class=\"_ _b\"></span>al <span class=\"_ _0\"></span>Gruppo, <span class=\"_ _b\"></span>(ii) <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>em<span class=\"_ _1\"></span>issioni <span class=\"_ _0\"></span>governative <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>br<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>termine <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>Euro <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>(iii) <span class=\"_ _b\"></span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs945\">depositi bancari e p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>stali a <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ista e i<span class=\"_ _1\"></span>n <span class=\"ff5\">t<span class=\"_ _0\"></span>ime d<span class=\"_ _1\"></span>eposi<span class=\"_ _1\"></span>t<span class=\"ff2\">. </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs946\">I <span class=\"_ _c\"> </span>rischi <span class=\"_ _211\"> </span>finanziari <span class=\"_ _211\"> </span>del <span class=\"_ _c\"> </span>portafoglio  d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>prop<span class=\"_ _1\"></span>riet\u00e0 <span class=\"_ _c\"> </span>sono<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>gestiti <span class=\"_ _c\"> </span>attra<span class=\"_ _1\"></span>verso <span class=\"_ _211\"> </span>la <span class=\"_ _c\"> </span>definizione <span class=\"_ _211\"> </span>di <span class=\"_ _c\"> </span>limitazioni </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs947\">operative <span class=\"_ _6\"></span>finalizzate <span class=\"_ _6\"></span>alla <span class=\"_ _f\"> </span>mitigazio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>del <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ischio <span class=\"_ _5\"></span>che <span class=\"_ _f\"> </span>tale <span class=\"_ _6\"></span>portafoglio <span class=\"_ _6\"></span>pu\u00f2<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>assume<span class=\"_ _1\"></span>re. <span class=\"_ _f\"> </span>Tali <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>im<span class=\"_ _1\"></span>itazioni<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs949\">sono <span class=\"_ _b\"></span>espresse <span class=\"_ _0\"></span>(i)<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>termini <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>tipologie <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>investimenti <span class=\"_ _0\"></span>amm<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>(ii) <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>termini <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>ammontare <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>(iii) <span class=\"_ _b\"></span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs94a\">termini di limite mass<span class=\"_ _1\"></span>imo di risc<span class=\"_ _1\"></span>hio (identificato <span class=\"_ _1\"></span>come volatilit\u00e0) c<span class=\"_ _1\"></span>he pu\u00f2 essere assunt<span class=\"_ _1\"></span>o. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs94b\">I <span class=\"_ _1f\"> </span>C<span class=\"_ _0\"></span>onsigli <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>Ammi<span class=\"_ _1\"></span>nistrazione <span class=\"_ _1f\"> </span>delle <span class=\"_ _15\"> </span>societ\u00e0 <span class=\"_ _1f\"> </span>del <span class=\"_ _1f\"> </span>Gr<span class=\"_ _0\"></span>uppo <span class=\"_ _16\"> </span>del<span class=\"_ _0\"></span>ibe<span class=\"_ _1\"></span>rano <span class=\"_ _1f\"> </span>annualmente <span class=\"_ _1f\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>mer<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>alle </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs94c\">caratteristiche <span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ai <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>iti <span class=\"_ _0\"></span>operativi <span class=\"_ _b\"></span>riguardanti <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>vest<span class=\"_ _1\"></span>imenti <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>strumenti <span class=\"_ _0\"></span>finanziari <span class=\"_ _b\"></span>ed <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>de<span class=\"_ _0\"></span>pos<span class=\"_ _1\"></span>iti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs94d\">bancari e/o postali.<span class=\"_ _1\"></span> L\u2019attivit\u00e0 di cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollo \u00e8 sv<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lta da<span class=\"_ _1\"></span>lle funzioni di Risk Ma<span class=\"_ _1\"></span>nagement prep<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ste.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs94e\">L\u2019investimento  in  OICVM  \u00e8  rappresentato  da  prodotti  istituiti  e/o  gestiti  dal  Gruppo,  selezionati<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs10b\">secondo <span class=\"_ _17\"> </span>gli <span class=\"_ _18\"> </span>obiettivi <span class=\"_ _17\"> </span>di <span class=\"_ _18\"> </span>rendiment<span class=\"_ _1\"></span>o <span class=\"_ _18\"> </span>ed <span class=\"_ _17\"> </span>i<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>limiti <span class=\"_ _17\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>r<span class=\"_ _0\"></span>isc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>io <span class=\"_ _17\"> </span>stabiliti <span class=\"_ _17\"> </span>dai <span class=\"_ _18\"> </span>rispettivi <span class=\"_ _17\"> </span>Consigli <span class=\"_ _17\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs10c\">Amministrazione. Tale <span class=\"_ _0\"></span>tipo<span class=\"_ _3\"></span>logi<span class=\"_ _0\"></span>a di investimento<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>\u00e8 caratterizzata da <span class=\"_ _0\"></span>un elevato livello d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>liquidit\u00e0 e d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs10d\">ridotto risc<span class=\"_ _1\"></span>hio di<span class=\"_ _1\"></span>retto di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>dito, in q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>anto <span class=\"_ _3\"></span>gli<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>OICVM <span class=\"_ _3\"></span>detenu<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>hanno <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n p<span class=\"_ _1\"></span>roprio <span class=\"_ _1\"></span>patrimonio <span class=\"_ _1\"></span>separato. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs10e\">I <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ischi <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>derivan<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>questa <span class=\"_ _5\"></span>tipolog<span class=\"_ _0\"></span>ia <span class=\"_ _b\"></span>di <span class=\"_ _6\"></span>investimento <span class=\"_ _5\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>riconducibili <span class=\"_ _5\"></span>essen<span class=\"_ _0\"></span>zia<span class=\"_ _3\"></span>lmen<span class=\"_ _0\"></span>te <span class=\"_ _6\"></span>al </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs10f\">rischio <span class=\"_ _16\"> </span>di <span class=\"_ _c\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _c\"> </span>investimenti <span class=\"_ _c\"> </span>effettuati, <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>he <span class=\"_ _c\"> </span>risulta <span class=\"_ _c\"> </span>co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>unque <span class=\"_ _c\"> </span>com<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>tibile <span class=\"_ _c\"> </span>con <span class=\"_ _16\"> </span>il <span class=\"_ _c\"> </span>profi<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs110\">prudente che caratterizza<span class=\"_ _1\"></span> la strategia d<span class=\"_ _1\"></span>i investimento della <span class=\"_ _1\"></span>liquidit\u00e0 aziendale<span class=\"_ _1\"></span> del Gruppo.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs94f\">I <span class=\"_ _3\"></span>rischi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>deri<span class=\"_ _1\"></span>vanti dal<span class=\"_ _3\"></span>l\u2019inv<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>imen<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>OICVM <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>mo<span class=\"_ _0\"></span>nito<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>mediante <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>verifica <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>ri<span class=\"_ _0\"></span>spet<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>limiti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs950\">deliberati <span class=\"_ _0\"></span>dai<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rispettivi Consigli di <span class=\"_ _0\"></span>Ammin<span class=\"_ _1\"></span>istrazione. In <span class=\"_ _0\"></span>partic<span class=\"_ _1\"></span>olare, <span class=\"_ _0\"></span>i limiti di <span class=\"_ _0\"></span>risc<span class=\"_ _1\"></span>hio <span class=\"_ _0\"></span>stabi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>iti in <span class=\"_ _0\"></span>term<span class=\"_ _1\"></span>ini </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs951\">di <span class=\"_ _b\"></span>volatilit\u00e0 <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>monitorati <span class=\"_ _0\"></span>con <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>modello <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>rischi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>press<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>llata <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>SGR.<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs952\">Per <span class=\"_ _f\"> </span>q<span class=\"_ _1\"></span>uanto <span class=\"_ _6\"></span>sopra, <span class=\"_ _6\"></span>unitamente <span class=\"_ _f\"> </span>al<span class=\"_ _3\"></span>la <span class=\"_ _f\"> </span>nat<span class=\"_ _1\"></span>ura <span class=\"_ _6\"></span>diversificata <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>investimenti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>O<span class=\"_ _0\"></span>I<span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>VM, <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>non </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs953\">ritiene rappresentati<span class=\"_ _1\"></span>va l\u2019analisi di se<span class=\"_ _1\"></span>nsitivit\u00e0 rispett<span class=\"_ _3\"></span>o ai rischi di mercato a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ui \u00e8 esp<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>sta.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs954\">Gli <span class=\"_ _1\"></span>investiment<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>emissioni <span class=\"_ _3\"></span>governative <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>rappresentati <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>titoli <span class=\"_ _3\"></span>em<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>si dal<span class=\"_ _3\"></span>lo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Stato <span class=\"_ _3\"></span>italia<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs955\">(BOT) <span class=\"_ _c\"> </span>con <span class=\"_ _211\"> </span>dur<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>on <span class=\"_ _c\"> </span>massima <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>12  m<span class=\"_ _0\"></span>esi.<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>I <span class=\"_ _211\"> </span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chi <span class=\"_ _c\"> </span>derivanti <span class=\"_ _c\"> </span>da <span class=\"_ _211\"> </span>tale <span class=\"_ _c\"> </span>investimento <span class=\"_ _211\"> </span>sono <span class=\"_ _211\"> </span>monitorati </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs956\">mediante <span class=\"_ _0\"></span>la verifica <span class=\"_ _0\"></span>del rispetto <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>limiti deliberati dal <span class=\"_ _0\"></span>Consiglio di <span class=\"_ _0\"></span>Amminist<span class=\"_ _1\"></span>razione. <span class=\"_ _0\"></span>In <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>rticolare, i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs957\">limiti <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>isc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>io <span class=\"_ _0\"></span>stabiliti <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>termini <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>volatilit\u00e0 <span class=\"_ _0\"></span>sono <span class=\"_ _b\"></span>monitorati <span class=\"_ _0\"></span>anch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>questo <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>con <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>modello <span class=\"_ _0\"></span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs958\">rischio in uso presso A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs11b\">Il Gr<span class=\"_ _1\"></span>uppo pu\u00f2 i<span class=\"_ _3\"></span>noltre invest<span class=\"_ _1\"></span>ire <span class=\"_ _1\"></span>nei FIA <span class=\"_ _3\"></span>chiusi imm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>biliari <span class=\"_ _3\"></span>riservati ist<span class=\"_ _1\"></span>ituiti <span class=\"_ _1\"></span>e/o <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>estiti <span class=\"_ _1\"></span>prin<span class=\"_ _1\"></span>cipalmen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>da </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs959\">societ\u00e0 <span class=\"_ _1\"></span>appa<span class=\"_ _1\"></span>rtenenti al Gr<span class=\"_ _1\"></span>uppo. Viste <span class=\"_ _3\"></span>le caratteristi<span class=\"_ _1\"></span>che,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>specialmente <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>termini <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>illiquidit\u00e0, d<span class=\"_ _1\"></span>i questa<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs11d\">tipologia <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _1f\"> </span>investime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti, <span class=\"_ _16\"> </span>l\u2019<span class=\"_ _0\"></span>amm<span class=\"_ _1\"></span>ontare <span class=\"_ _1f\"> </span>ad <span class=\"_ _1f\"> </span>essi <span class=\"_ _1f\"> </span>destinato <span class=\"_ _16\"> </span>v<span class=\"_ _0\"></span>ie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>autorizzato <span class=\"_ _16\"> </span>specificatamente <span class=\"_ _16\"> </span>dai </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs915\">rispettivi Consigli d<span class=\"_ _1\"></span>i Amministrazio<span class=\"_ _1\"></span>ne. Dal punto di <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ista del<span class=\"_ _1\"></span>la liquidit\u00e0, tale tipo<span class=\"_ _1\"></span>logia di investimenti \u00e8 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs916\">caratterizzata <span class=\"_ _0\"></span>infatti d<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>un orizzon<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>temporale <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>lun<span class=\"_ _1\"></span>go <span class=\"_ _0\"></span>periodo, <span class=\"_ _0\"></span>senza <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>possib<span class=\"_ _1\"></span>ilit\u00e0 <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>richiedere<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>un </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs120\">rimborso <span class=\"_ _6\"></span>anticipato <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>scadenza <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>fondo<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>Nell\u2019ambito<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ischio <span class=\"_ _5\"></span>di <span class=\"_ _f\"></span>me<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cato, <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>questi<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs121\">strumenti <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presenta <span class=\"_ _16\"> </span>un <span class=\"_ _16\"> </span>element<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>mitigante <span class=\"_ _16\"> </span>l\u2019<span class=\"_ _3\"></span>esposizione <span class=\"_ _16\"> </span>minoritaria <span class=\"_ _c\"> </span>a <span class=\"_ _16\"> </span>inv<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>enti <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>natura </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs122\">azionaria <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>la strategia <span class=\"_ _0\"></span>di investimento <span class=\"_ _0\"></span>di lungo <span class=\"_ _0\"></span>periodo, che <span class=\"_ _0\"></span>viene <span class=\"_ _0\"></span>riflessa anche <span class=\"_ _0\"></span>nella v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>rizzazione </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs123\">dei <span class=\"_ _b\"></span>sottostanti. <span class=\"_ _0\"></span>Pu\u00f2 <span class=\"_ _b\"></span>essere <span class=\"_ _b\"></span>rileva<span class=\"_ _1\"></span>nte <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>presenza <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>rischio <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>credito <span class=\"_ _b\"></span>nei <span class=\"_ _0\"></span>confronti <span class=\"_ _b\"></span>delle <span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs124\">vengono <span class=\"_ _3\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziate <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>questi <span class=\"_ _3\"></span>strumenti <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>estime<span class=\"_ _1\"></span>nto:<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>mitigazione <span class=\"_ _3\"></span>avviene <span class=\"_ _3\"></span>principalmente <span class=\"_ _3\"></span>tramite<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs95a\">tecniche di diversifi<span class=\"_ _1\"></span>cazione implementate <span class=\"_ _3\"></span>dal g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ore dei<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>FIA e un\u2019attenta fase di a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>alisi p<span class=\"_ _1\"></span>reventiva. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs91a\">Infine, <span class=\"_ _6\"></span>gli <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>nv<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>imenti <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _6\"></span>depositi <span class=\"_ _6\"></span>b<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>postali <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>time <span class=\"_ _5\"></span>deposit <span class=\"_ _6\"></span>(questi <span class=\"_ _6\"></span>ul<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>sott<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>scri<span class=\"_ _1\"></span>vili <span class=\"_ _6\"></span>con </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs95b\">scadenza n<span class=\"_ _1\"></span>on superiore<span class=\"_ _3\"></span> a 12 mesi) s<span class=\"_ _3\"></span>ono, per loro<span class=\"_ _1\"></span> natura, ca<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atte<span class=\"_ _1\"></span>rizzati da u<span class=\"_ _1\"></span>n elevat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> livel<span class=\"_ _1\"></span>lo di l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uidit\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs95c\">e <span class=\"_ _b\"></span>assenza <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>rischio <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cato. <span class=\"_ _b\"></span>I <span class=\"_ _5\"></span>rischi <span class=\"_ _b\"></span>finanziari <span class=\"_ _5\"></span>derivanti <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>qu<span class=\"_ _0\"></span>esta <span class=\"_ _b\"></span>tipologia <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>investiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>sono </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs129\">sostanzialmente <span class=\"_ _f\"> </span>ricon<span class=\"_ _1\"></span>ducibili <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>rischio <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>dito <span class=\"_ _6\"></span>e  son<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>golar<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _f\"> </span>m<span class=\"_ _1\"></span>onitorati <span class=\"_ _f\"> </span>nonch\u00e9 <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span>gati </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs12a\">anch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> tr<span class=\"_ _0\"></span>amite <span class=\"_ _3\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>iti finalizza<span class=\"_ _1\"></span>ti al frazionament<span class=\"_ _1\"></span>o del rischio. </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs95e\">Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al fair value<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>con <span class=\"_ _1\"></span>impatto sulla reddit<span class=\"_ _1\"></span>ivit\u00e0 complessi<span class=\"_ _1\"></span>va </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs95f\">Si <span class=\"_ _b\"></span>seg<span class=\"_ _0\"></span>nala <span class=\"_ _b\"></span>che <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>Societ\u00e0 <span class=\"_ _b\"></span>h<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>inoltre <span class=\"_ _b\"></span>acquisito <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>\u00b0 <span class=\"_ _b\"></span>50<span class=\"_ _1\"></span>.290.691 <span class=\"_ _5\"></span>azioni <span class=\"_ _b\"></span>ordin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ie <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>BMPS, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>valore<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs960\">com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssivo <span class=\"_ _1\"></span>al <span class=\"_ _3\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>dic<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>mbre <span class=\"_ _3\"></span>2024 <span class=\"_ _1\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>342<span class=\"_ _1\"></span>,3 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>i) <span class=\"_ _3\"></span>aderendo <span class=\"_ _3\"></span>nell\u2019ottobre <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>all\u2019aument<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs961\">di <span class=\"_ _0\"></span>capitale del<span class=\"_ _0\"></span>la banca <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la sottoscrizione <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>n\u00b0 12,5<span class=\"_ _0\"></span> milioni <span class=\"_ _0\"></span>di azioni <span class=\"_ _0\"></span>ordinarie d<span class=\"_ _0\"></span>i nuova <span class=\"_ _0\"></span>emissio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs962\">(ii)  c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _f\"> </span>l\u2019acquist<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>avv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span>  13 <span class=\"_ _f\"> </span>novembre <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>MEF <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>n\u00b0 <span class=\"_ _f\"> </span>37<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>790.691 <span class=\"_ _f\"> </span>azioni <span class=\"_ _f\"> </span>ordinarie </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs963\">nell\u2019ambito <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>procedura <span class=\"_ _5\"></span>accelerata <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>raccolta <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>rdini <span class=\"_ _5\"></span>riservata <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>in<span class=\"_ _0\"></span>vest<span class=\"_ _1\"></span>itori <span class=\"_ _6\"></span>qualificati <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>Italia <span class=\"_ _6\"></span>e </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs964\">investitori <span class=\"_ _19\"> </span>i<span class=\"_ _0\"></span>stit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>nali <span class=\"_ _1b\"> </span>esteri <span class=\"_ _19\"> </span>(si <span class=\"_ _1b\"> </span>rin<span class=\"_ _1\"></span>via <span class=\"_ _1b\"> </span>al <span class=\"_ _1b\"> </span>paragrafo <span class=\"_ _19\"> </span>\u201c<span class=\"_ _0\"></span>Fatt<span class=\"_ _1\"></span>i <span class=\"_ _19\"> </span>di <span class=\"_ _1b\"> </span>rilievo <span class=\"_ _1b\"> </span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>venuti <span class=\"_ _19\"> </span>nell\u2019esercizio <span class=\"_ _1b\"> </span>- </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs965\">Acquisizione del 3%<span class=\"_ _1\"></span> del capitale Banca Mo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> P<span class=\"_ _3\"></span>asc<span class=\"_ _0\"></span>hi\u201d della<span class=\"_ _1\"></span> Relazione sulla gesti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne). <span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs966\">I ti<span class=\"_ _0\"></span>toli <span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i di <span class=\"_ _0\"></span>BMPS sono stati <span class=\"_ _0\"></span>classificati conta<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ilmente tra <span class=\"_ _0\"></span>le \u201cAttivit\u00e0 finanziarie v<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>utate <span class=\"_ _0\"></span>al fair </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs967\">value <span class=\"_ _b\"></span>con <span class=\"_ _0\"></span>impatto <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>la <span class=\"_ _b\"></span>redditivit\u00e0 <span class=\"_ _0\"></span>complessiva\u201d,<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>voce <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>accoglie <span class=\"_ _0\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>strume<span class=\"_ _1\"></span>nti <span class=\"_ _b\"></span>finanziari <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tati <span class=\"_ _0\"></span>al </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs968\">fair value con la rilevazione delle va<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iazioni dello ste<span class=\"_ _1\"></span>sso in<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>una specifica riserva di patri<span class=\"_ _1\"></span>monio netto, in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs969\">base <span class=\"_ _c\"> </span>alle <span class=\"_ _c\"> </span>previsioni <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>onten<span class=\"_ _1\"></span>ute <span class=\"_ _c\"> </span>nell\u2019IFRS <span class=\"_ _211\"> </span>9<span class=\"_ _0\"></span>. <span class=\"_ _211\"> </span>Tale <span class=\"_ _c\"> </span>trattamento <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>ontabile <span class=\"_ _211\"> </span>\u00e8 <span class=\"_ _c\"> </span>coerente <span class=\"_ _c\"> </span>con <span class=\"_ _c\"> </span>la <span class=\"_ _211\"> </span>f<span class=\"_ _0\"></span>inalit\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs96a\">dell\u2019investimento, <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>quanto  ta<span class=\"_ _1\"></span>li <span class=\"_ _f\"> </span>azioni <span class=\"_ _f\"> </span>non  s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _f\"> </span>detenute <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>finalit\u00e0 <span class=\"_ _f\"> </span>di  ne<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>oziazi<span class=\"_ _1\"></span>one  e <span class=\"_ _f\"></span>non <span class=\"_ _f\"> </span>sono </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs96b\">qualificabili <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>controllo <span class=\"_ _0\"></span>esclusivo, <span class=\"_ _0\"></span>colle<span class=\"_ _1\"></span>gamento <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>controllo <span class=\"_ _0\"></span>congiunto. <span class=\"_ _0\"></span>La <span class=\"_ _0\"></span>finalit\u00e0 <span class=\"_ _0\"></span>dell\u2019investi<span class=\"_ _1\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _b\"></span>\u00e8 </div><div class=\"t m1 he ff2 fs2 fc1 sc0 ls0 ws0 gs96c\">stata definita dal <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>onsigli<span class=\"_ _1\"></span>o di Amministrazio<span class=\"_ _1\"></span>ne della<span class=\"_ _1\"></span> Societ\u00e0. <span class=\"fsb\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-519": {
   "value": "3.1 Rischi finanz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ari L'informativa \u00e8 prevista <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>all'a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>t. 242<span class=\"_ _1\"></span>8 C.C. e dai principi c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntabili IAS 3<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> e IFRS <span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span> I rischi finanzia<span class=\"_ _1\"></span>ri comprendono:<span class=\"_ _3\"></span> <span class=\"_ _1bb\"> </span><span class=\"ff2\">il <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>chio<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>liquidit\u00e0, c<span class=\"_ _0\"></span>onnesso <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>diffi<span class=\"_ _1\"></span>col<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>smobilizzare <span class=\"_ _0\"></span>un\u2019attivit\u00e0 <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>tempi <span class=\"_ _0\"></span>rapidi <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>un<span class=\"_ _4a1\"> </span></span>prezzo  d<span class=\"_ _3\"></span>i  mer<span class=\"_ _1\"></span>cato,  o<span class=\"_ _3\"></span>vvero <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>accedere <span class=\"_ _f\"> </span>tempesti<span class=\"_ _1\"></span>vamente <span class=\"_ _f\"> </span>alle <span class=\"_ _f\"> </span>risorse <span class=\"_ _f\"> </span>finan<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>iarie  ne<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essar<span class=\"_ _1\"></span>ie<span class=\"_ _4a1\"> </span>all\u2019azienda a costi so<span class=\"_ _1\"></span>stenibili;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">il <span class=\"_ _15\"> </span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chio <span class=\"_ _15\"> </span>di <span class=\"_ _d\"> </span>credito, <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>io\u00e8 <span class=\"_ _1f\"> </span>i<span class=\"_ _0\"></span>l <span class=\"_ _15\"> </span>rischio <span class=\"_ _15\"> </span>di <span class=\"_ _d\"> </span>incorre<span class=\"_ _1\"></span>re <span class=\"_ _15\"> </span>in <span class=\"_ _d\"> </span>perdite <span class=\"_ _d\"> </span>a <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>ausa <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019inadempienza<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>o<span class=\"_ _4a1\"> </span></span>dell\u2019insolvenza del<span class=\"_ _1\"></span>la controparte; <span class=\"_ _1bb\"> </span><span class=\"ff2\">il rischio di mer<span class=\"_ _1\"></span>cato, legato ad oscillaz<span class=\"_ _1\"></span>ioni del valore di attivit\u00e0/pa<span class=\"_ _1\"></span>ssivit\u00e0 a seg<span class=\"_ _1\"></span>uito di variazioni </span>delle condizioni d<span class=\"_ _1\"></span>i mercato (prezzo<span class=\"_ _1\"></span>, tasso, cambio, commodit<span class=\"_ _3\"></span>y<span class=\"_ _0\"></span>).<span class=\"_ _4a1\"> </span>Il <span class=\"_ _19\"> </span>Gruppo <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _19\"> </span>esposto <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>tutti <span class=\"_ _19\"> </span>i <span class=\"_ _19\"> </span>tre <span class=\"_ _19\"> </span>rischi <span class=\"_ _19\"> </span>sopra <span class=\"_ _e\"> </span>menzionati. <span class=\"_ _1b\"> </span>I<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>particolar<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>, <span class=\"_ _19\"> </span>tale <span class=\"_ _19\"> </span>esposizione <span class=\"_ _19\"> </span>\u00e8 essenzialmente <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>conducibile <span class=\"_ _b\"></span>alla <span class=\"_ _b\"></span>gestione <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>liq<span class=\"_ _1\"></span>uidi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>delle <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Gruppo, <span class=\"_ _b\"></span>sia <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>relazion<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>al rimborso <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019indebitament<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>sottoscritto<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _0\"></span>(prestito <span class=\"_ _b\"></span>obbligazi<span class=\"_ _1\"></span>onario), <span class=\"_ _b\"></span>sia <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>elazio<span class=\"_ _1\"></span>ne <span class=\"_ _b\"></span>alle eccedenze <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>riso<span class=\"_ _1\"></span>rse <span class=\"_ _c\"> </span>finanziarie <span class=\"_ _c\"> </span>rispetto <span class=\"_ _c\"> </span>ai <span class=\"_ _c\"> </span>fabb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>gni <span class=\"_ _c\"> </span>attesi <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>liquidit\u00e0 <span class=\"_ _c\"> </span>generati <span class=\"_ _c\"> </span>dall\u2019operativit\u00e0<span class=\"_ _1\"></span> ordinaria, ovver<span class=\"_ _1\"></span>o il<span class=\"_ _0\"></span> p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>taf<span class=\"_ _1\"></span>oglio di prop<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iet\u00e0 del Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o.  Gestione liquidit\u00e0 azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ale: <span class=\"_ _1\"></span>indebitamento Al 31 dicembre 202<span class=\"_ _1\"></span>4 il Gruppo prese<span class=\"_ _1\"></span>nta la segue<span class=\"_ _1\"></span>nte stru<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>ur<span class=\"_ _0\"></span>a de<span class=\"_ _1\"></span>bitoria: <table class=\"s w8ee h3cb\" id=\"_42700b2d-4b51-471a-b52b-79e00d6692e7\"><tr><td></td><td></td><td class=\"t m23 xa1b h9e y1b5e ff3 fs35 fc1 sc0 ls0 ws0\">Espo<span class=\"_ _3\"></span>sizi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e debi<span class=\"_ _1\"></span>toria<span class=\"_ _3\"></span> </td></tr><tr><td class=\"c n xa1c y1b5f w8ef h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">Tip<span class=\"_ _3\"></span>ol<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ia<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa1d y1b5f w8f0 h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">Valo<span class=\"_ _3\"></span>re N<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c xa1e y1b60 w1d h140\"><div class=\"t m23 x3b h9e y96e ff3 fs35 fc1 sc0 ls0 ws0\">al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>      </div></td></tr><tr><td></td><td></td><td class=\"t m23 xa1f h9e y1b61 ff3 fs35 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1b62 w8f1 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">Prest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o Obblig<span class=\"_ _1\"></span>aziona<span class=\"_ _1\"></span>rio 20<span class=\"_ _0\"></span>26<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa20 y1b62 w8f2 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>3.9<span class=\"_ _0\"></span>78<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa21 y1b62 w8f2 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>.987<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b63 w8f1 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">Prest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o Obblig<span class=\"_ _1\"></span>aziona<span class=\"_ _1\"></span>rio 20<span class=\"_ _0\"></span>28<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa20 y1b63 w8f2 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">30<span class=\"_ _0\"></span>0.0<span class=\"_ _0\"></span>00<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa21 y1b63 w8f2 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>01<span class=\"_ _0\"></span>.227<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w8f3 h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> in<span class=\"_ _1\"></span>debi<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ento<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa22 y16d8 w8f4 h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">58<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>78<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa23 y16d8 w8f4 h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>85<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>14<span class=\"_ _4a1\"> </span></div></td></tr></table>Il profilo di sca<span class=\"_ _1\"></span>denza della struttu<span class=\"_ _1\"></span>ra nominale debit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ria ris<span class=\"_ _1\"></span>ulta essere: <table class=\"s w8f5 h3cc\" id=\"_4f4fefdf-552f-4b04-bcde-e6849e553cbf\"><tr><td></td><td class=\"t m3c xa24 h141 y1b64 ff3 fs78 fc1 sc0 ls0 ws0\">Prestito </td><td class=\"t m3c xa25 h141 y1b65 ff3 fs78 fc1 sc0 ls0 wsb\">Prestito <span class=\"ff29 ws0\"> </span></td><td></td></tr><tr><td class=\"t m3b xa26 h141 y1b66 ff3 fs78 fc1 sc0 ls0 ws0\">Sc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>nz<span class=\"_ _3\"></span>a<span class=\"_ _4a1\"> </span></td><td class=\"t m3c xa27 h141 y1b66 ff3 fs78 fc1 sc0 ls0 ws0\">Obbligazionario<span class=\"_ _4a1\"> </span></td><td class=\"t m3c xa28 h141 y1b67 ff3 fs78 fc1 sc0 ls0 ws0\">Obbligazionario<span class=\"_ _4a1\"> </span></td><td class=\"t m3b xa29 h141 y1b66 ff3 fs78 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1b69 w8f6 h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">infe<span class=\"_ _1\"></span>riore<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>a 6 mesi<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3c xa2a h141 y1b6a ff3 fs78 fc1 sc0 ls0 ws0\">2026<span class=\"_ _4a1\"> </span></td><td class=\"t m3c xa2b h141 y1b6b ff3 fs78 fc1 sc0 ls0 ws0\">2028<span class=\"_ _4a1\"> </span></td><td class=\"c n xa2c y1b69 w8f7 h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b6c w8f8 h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">infe<span class=\"_ _1\"></span>riore<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>a 1 anno<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n xa2d y1b6c w8f7 h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b6d w8f9 h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">tra 1 e 3 anni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa2e y1b6d w8fa h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>3.97<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa2f y1b6d w8fb h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>.97<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b6e w8f9 h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">tra 3 e 5 anni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa30 y1b6e w8fc h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">30<span class=\"_ _0\"></span>0.000<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa31 y1b6e w8fb h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>000<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y171c w8fd h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">olt<span class=\"_ _3\"></span>re 5 anni<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n xa32 y171c w8fe h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w8ff h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">Total<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa33 y16d8 w8fb h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.9<span class=\"_ _0\"></span>78<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa34 y16d8 w900 h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">30<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>000<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa35 y16d8 w8fb h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>978<span class=\"_ _4a1\"> </span></div></td></tr></table>Il <span class=\"_ _b\"></span>Prestito<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Obbligazionari<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>026<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>non <span class=\"_ _0\"></span>convertibile <span class=\"_ _b\"></span><span class=\"ff5\">se<span class=\"_ _1\"></span>nior <span class=\"_ _0\"></span>unsecured<span class=\"ff2\"> <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>stato<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>emesso <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>data <span class=\"_ _0\"></span>23 <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>tto<span class=\"_ _1\"></span>bre </span></span>2019, per un nominale di Euro 300 milioni con scad<span class=\"_ _1\"></span>enza a 7 anni.<span class=\"_ _0\"></span> Le <span class=\"_ _1\"></span>obbligazioni sono state emesse al prezzo <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>99,459%, <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>tass<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>interesse <span class=\"_ _0\"></span>fisso annuo <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>riferimento <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>1,75%<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>(cfr. <span class=\"_ _0\"></span>comunicato<span class=\"_ _4a1\"> </span>stampa del <span class=\"_ _0\"></span>17 <span class=\"_ _0\"></span>ottobre <span class=\"_ _0\"></span>2019). L\u2019<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>iss<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>one obbligazionaria ha <span class=\"_ _0\"></span>comportato un<span class=\"_ _0\"></span> incasso <span class=\"_ _0\"></span>netto <span class=\"_ _0\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _0\"></span>Anima Holding di circa E<span class=\"_ _1\"></span>uro 298,38 milio<span class=\"_ _1\"></span>ni. Si <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>icorda <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>10 <span class=\"_ _6\"></span>giugno <span class=\"_ _f\"> </span>2020 <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>venut<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>il <span class=\"_ _f\"> </span>regolamento <span class=\"_ _6\"></span>dell\u2019offerta <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>riacquist<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>parziale avente <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>oggetto <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>obbligazioni <span class=\"_ _0\"></span>emesse<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dalla <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>importo <span class=\"_ _0\"></span>nominale c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>lessivo <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Euro 16,02 milioni.<span class=\"_ _1\"></span> Al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2024, <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>nominale <span class=\"_ _8\"></span>residuo <span class=\"_ _3\"></span>del <span class=\"_ _8\"></span>Pr<span class=\"_ _0\"></span>estito <span class=\"_ _8\"></span>O<span class=\"_ _0\"></span>bbli<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>nario <span class=\"_ _3\"></span>2026 <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _1\"></span>par<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>283,98 milioni. Il <span class=\"_ _1f\"> </span>Pr<span class=\"_ _0\"></span>estito <span class=\"_ _16\"> </span>Obbligazionario <span class=\"_ _1f\"> </span>2026 <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _1f\"> </span>stato <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>ise<span class=\"_ _3\"></span>rvato <span class=\"_ _15\"> </span>a <span class=\"_ _1f\"> </span>i<span class=\"_ _0\"></span>nvestito<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _1f\"> </span>qualificati <span class=\"_ _1f\"> </span>in <span class=\"_ _15\"> </span>Italia <span class=\"_ _1f\"> </span>e <span class=\"_ _15\"> </span>all\u2019ester<span class=\"_ _1\"></span>o, escludendo  gli  Stati <span class=\"_ _211\"> </span>Uniti  d'America  ed <span class=\"_ _211\"> </span>altri <span class=\"_ _211\"> </span>pae<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>  selezionati.  La  quotazione  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>obbligazioni<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>\u00e8 avvenuta sul si<span class=\"_ _0\"></span>stema<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>multilate<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ale di negoziazione, come definit<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>ai sensi della Direttiva 2014/65/UE<span class=\"_ _1\"></span> (multilateral  tradi<span class=\"_ _1\"></span>ng  facility,  o  MTF),  de<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ominato<span class=\"_ _1\"></span>  \u201cGlobal  Exchange  Market\u201d<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>  gestito <span class=\"_ _f\"> </span>da  Euronext Dublin. Alle obbli<span class=\"_ _1\"></span>gazioni \u00e8 attualmente asse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> un rati<span class=\"_ _1\"></span>ng <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ri a BBB da pa<span class=\"_ _1\"></span>rte di Fitc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span> Ratings Ltd..<span class=\"_ _3\"></span> Nella tabella seg<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ente si riass<span class=\"_ _1\"></span>umono le p<span class=\"_ _1\"></span>rincipali caratt<span class=\"_ _1\"></span>eristiche dello st<span class=\"_ _1\"></span>rum<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span>: <table class=\"s w901 h3cd\" id=\"_ca102f0f-41e8-4e9a-b3b9-57df18cf8206\"><tr><td class=\"c n xa36 y1b70 w902 h359\"><div class=\"t m3a x17f h143 y1b6f ff3 fs79 fc1 sc0 ls0 ws0\">Em<span class=\"_ _1\"></span>ittente<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa37 y1b70 w903 h359\"><div class=\"t m3a x17f h143 y1b6f ff3 fs79 fc1 sc0 ls0 ws0\">Cod<span class=\"_ _3\"></span>ice<span class=\"_ _0\"></span> ISIN</div></td><td class=\"t m3a x496 h143 y1b71 ff3 fs79 fc1 sc0 ls0 ws0\">Mer<span class=\"_ _0\"></span>cato<span class=\"_ _1\"></span> di<span class=\"_ _3\"></span> </td><td class=\"c n xa38 y1b70 w904 h359\"><div class=\"t m3a x17f h143 y1b6f ff3 fs79 fc1 sc0 ls0 ws0\">Ra<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _1\"></span>g<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa39 y1b70 w905 h359\"><div class=\"t m3a x17f h143 y1b6f ff3 fs79 fc1 sc0 ls0 ws0\">Va<span class=\"_ _3\"></span>luta</div></td><td class=\"t m3a xa3a h143 y1b71 ff3 fs79 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore </td><td class=\"t m3a xa3b h143 y1b71 ff3 fs79 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore IAS di<span class=\"_ _3\"></span> </td><td class=\"t m3a xa3c h143 y1b72 ff3 fs79 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>edol<span class=\"_ _1\"></span>a<span class=\"_ _4a1\"> </span></td><td class=\"t m3a xa3d h143 y1b71 ff3 fs79 fc1 sc0 ls0 ws0\">Data </td></tr><tr><td></td><td></td><td class=\"c xa3e y1b73 w30 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">qu<span class=\"_ _1\"></span>ota<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>az<span class=\"_ _3\"></span>ion<span class=\"_ _1\"></span>e </div></td><td></td><td></td><td class=\"c xa3f y1b73 w31 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">Nomi<span class=\"_ _1\"></span>nl<span class=\"_ _1\"></span>e</div></td><td class=\"c xa40 y1b73 w32 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">bi<span class=\"_ _3\"></span>lan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3a xa41 h144 y1b74 ff2 fs79 fc1 sc0 ls0 ws0\">Annuale<span class=\"_ _3\"></span>  </td><td class=\"c x494 y1b73 w33 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">scadenz<span class=\"_ _3\"></span>a<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b76 w906 h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> Hold<span class=\"_ _1\"></span>ing S.p.<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa42 y1b76 w907 h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">XS<span class=\"_ _0\"></span>206<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>040<span class=\"_ _0\"></span>389<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa43 y1b76 w908 h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">M<span class=\"_ _1\"></span>TF<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa44 y1b76 w909 h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">BBB<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa45 y1b76 w90a h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">E<span class=\"_ _0\"></span>uro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa46 y1b76 w90b h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3.978<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa47 y1b76 w90c h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">283<span class=\"_ _0\"></span>.98<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3a x3bc h144 y1b77 ff2 fs79 fc1 sc0 ls0 ws0\">tasso f<span class=\"_ _0\"></span>isso </td><td class=\"t m3a x72c h144 y1b77 ff2 fs79 fc1 sc0 ls0 ws0\">23/1<span class=\"_ _0\"></span>0/202<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c xa48 y1b78 w34 h8a\"><div class=\"t m3a x3b h144 y400 ff2 fs79 fc1 sc0 ls0 ws0\">1,7<span class=\"_ _0\"></span>5%<span class=\"_ _4a1\"> </span></div></td><td></td></tr></table>Il <span class=\"_ _5\"></span>Prestito <span class=\"_ _b\"></span>Ob<span class=\"_ _0\"></span>bligazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>na<span class=\"_ _1\"></span>rio<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>28 <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>convertibile <span class=\"_ _b\"></span><span class=\"ff5\">senior <span class=\"_ _b\"></span>un</span>secu<span class=\"_ _0\"></span>red <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>emesso <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>2 <span class=\"_ _5\"></span>aprile 2021, per un nominale di Euro 300 milioni con scad<span class=\"_ _1\"></span>enza a 7 anni.<span class=\"_ _0\"></span> Le <span class=\"_ _1\"></span>obbligazioni sono state emesse al prezzo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>99,408, <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nte<span class=\"_ _1\"></span>resse <span class=\"_ _6\"></span>fisso <span class=\"_ _f\"> </span>a<span class=\"_ _3\"></span>nnuo <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>riferimento<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>pari <span class=\"_ _f\"> </span>a <span class=\"_ _5\"></span>1,5% <span class=\"_ _6\"></span>(cfr. <span class=\"_ _6\"></span>comunicato stampa <span class=\"_ _e\"> </span>del <span class=\"_ _19\"> </span>c<span class=\"_ _0\"></span>ollocament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligazionario <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _e\"> </span>15 <span class=\"_ _19\"> </span>aprile <span class=\"_ _19\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>21). <span class=\"_ _19\"> </span>L\u2019emissione <span class=\"_ _e\"> </span>ob<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>ligazionaria <span class=\"_ _e\"> </span>h<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>tato<span class=\"_ _3\"></span> un inc<span class=\"_ _0\"></span>ass<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>nett<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> per A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima Hol<span class=\"_ _1\"></span>ding di circa E<span class=\"_ _1\"></span>uro 298,224 mili<span class=\"_ _1\"></span>oni. Al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>dicembre <span class=\"_ _0\"></span>2024, <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>valo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>nominale<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>residuo <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _0\"></span>Pr<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>Obbligazionario <span class=\"_ _0\"></span>2028 <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a Euro <span class=\"_ _0\"></span>300 milioni. Il <span class=\"_ _15\"> </span>Pr<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>Obbligazionario <span class=\"_ _1f\"> </span>2028 <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _1f\"> </span>stato <span class=\"_ _15\"> </span>ri<span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>vato <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>investitori <span class=\"_ _15\"> </span>qualificati <span class=\"_ _1f\"> </span>in <span class=\"_ _15\"> </span>Italia <span class=\"_ _d\"> </span>e <span class=\"_ _15\"> </span>all\u2019estero (escludendo <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>Stati <span class=\"_ _f\"> </span>Uniti <span class=\"_ _f\"> </span>d'America <span class=\"_ _f\"> </span>ed <span class=\"_ _f\"> </span>altri <span class=\"_ _f\"> </span>paesi <span class=\"_ _f\"> </span>selezionati). <span class=\"_ _f\"> </span>La <span class=\"_ _f\"> </span>quotazione <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>obbligazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>\u00e8 avvenuta sul si<span class=\"_ _0\"></span>stema<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>multilate<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ale di negoziazione, come definit<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>ai sensi della Direttiva 2014/65/UE<span class=\"_ _1\"></span> (multilateral  tradi<span class=\"_ _1\"></span>ng  facility,  o  MTF),  de<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ominato<span class=\"_ _1\"></span>  \u201cGlobal  Exchange  Market\u201d<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>  gestito <span class=\"_ _f\"> </span>da  Euronext Dublin. Alle obbli<span class=\"_ _1\"></span>gazioni \u00e8 stat<span class=\"_ _1\"></span>o assegnato un ratin<span class=\"_ _1\"></span>g pari a BBB da pa<span class=\"_ _1\"></span>rte di Fitch Ratin<span class=\"_ _1\"></span>gs Ltd..<span class=\"_ _4a1\"> </span>Nella tabella seg<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ente si riass<span class=\"_ _1\"></span>umono le p<span class=\"_ _1\"></span>rincipali caratt<span class=\"_ _1\"></span>eristiche dello st<span class=\"_ _1\"></span>rum<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span>: <table class=\"s w901 h3cd\" id=\"_a041bfb2-ac1f-4463-b009-78b2030072be\"><tr><td class=\"c n xa36 y1b79 w902 h35a\"><div class=\"t m3a x17f h143 y16e8 ff3 fs79 fc1 sc0 ls0 ws0\">Em<span class=\"_ _1\"></span>ittente<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa37 y1b79 w903 h35a\"><div class=\"t m3a x17f h143 y16e8 ff3 fs79 fc1 sc0 ls0 ws0\">Cod<span class=\"_ _3\"></span>ice<span class=\"_ _0\"></span> ISIN</div></td><td class=\"t m3a x496 h143 y1b7a ff3 fs79 fc1 sc0 ls0 ws0\">Mer<span class=\"_ _0\"></span>cato<span class=\"_ _1\"></span> di<span class=\"_ _3\"></span> </td><td class=\"c n xa38 y1b79 w904 h35a\"><div class=\"t m3a x17f h143 y16e8 ff3 fs79 fc1 sc0 ls0 ws0\">Ra<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _1\"></span>g<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa39 y1b79 w905 h35a\"><div class=\"t m3a x17f h143 y16e8 ff3 fs79 fc1 sc0 ls0 ws0\">Va<span class=\"_ _3\"></span>luta</div></td><td class=\"t m3a xa3a h143 y1b7a ff3 fs79 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore </td><td class=\"t m3a xa3b h143 y1b7a ff3 fs79 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore IAS di<span class=\"_ _3\"></span> </td><td class=\"t m3a xa3c h143 y1b7b ff3 fs79 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>edol<span class=\"_ _1\"></span>a<span class=\"_ _4a1\"> </span></td><td class=\"t m3a xa3d h143 y1b7a ff3 fs79 fc1 sc0 ls0 ws0\">Data </td></tr><tr><td></td><td></td><td class=\"c xa3e y1b7c w30 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">qu<span class=\"_ _1\"></span>ota<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>az<span class=\"_ _3\"></span>ion<span class=\"_ _1\"></span>e </div></td><td></td><td></td><td class=\"c xa3f y1b7c w31 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">Nomi<span class=\"_ _1\"></span>nl<span class=\"_ _1\"></span>e</div></td><td class=\"c xa40 y1b7c w32 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">bi<span class=\"_ _3\"></span>lan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3a xa41 h144 y1b7d ff2 fs79 fc1 sc0 ls0 ws0\">Annuale<span class=\"_ _3\"></span>  </td><td class=\"c x494 y1b7c w33 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">scadenz<span class=\"_ _3\"></span>a<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b7e w906 h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> Hold<span class=\"_ _1\"></span>ing S.p.<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa42 y1b7e w907 h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">XS<span class=\"_ _0\"></span>233<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>921<span class=\"_ _0\"></span>390<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa43 y1b7e w908 h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">M<span class=\"_ _1\"></span>TF<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa44 y1b7e w909 h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">BBB<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa45 y1b7e w90a h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">E<span class=\"_ _0\"></span>uro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa46 y1b7e w90b h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0.000<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa47 y1b7e w90c h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">301<span class=\"_ _0\"></span>.22<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3a x3bc h144 y1b7f ff2 fs79 fc1 sc0 ls0 ws0\">tasso f<span class=\"_ _0\"></span>isso </td><td class=\"t m3a x72c h144 y1b7f ff2 fs79 fc1 sc0 ls0 ws0\">22/0<span class=\"_ _0\"></span>4/202<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c xa49 y1b80 w35 h8a\"><div class=\"t m3a x3b h144 y400 ff2 fs79 fc1 sc0 ls0 ws0\">1,5%<span class=\"_ _4a1\"> </span></div></td><td></td></tr></table>In  mer<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  a  ulteriori  clausole  correlate  all\u2019indebit<span class=\"_ _1\"></span>amento  d<span class=\"_ _0\"></span>el  Gruppo<span class=\"_ _1\"></span>,  si  r<span class=\"_ _0\"></span>inv<span class=\"_ _1\"></span>ia  alla  \u201cRelazione  su<span class=\"_ _0\"></span>l governo <span class=\"_ _c\"> </span>societario <span class=\"_ _c\"> </span>e <span class=\"_ _16\"> </span>gli <span class=\"_ _c\"> </span>assetti <span class=\"_ _c\"> </span>pro<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>etari<span class=\"_ _1\"></span>\u201d <span class=\"_ _16\"> </span>- <span class=\"_ _c\"> </span>disp<span class=\"_ _1\"></span>onibile <span class=\"_ _c\"> </span>su<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>sito <span class=\"_ _211\"> </span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>net<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>della <span class=\"_ _c\"> </span>Societ\u00e0 <span class=\"_ _c\"> </span>(sezione Corporate Gover<span class=\"_ _1\"></span>nance)<span class=\"ff2\"> redatta sulla base <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> q<span class=\"_ _1\"></span>uanto p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>evisto dall\u2019art. <span class=\"_ _1\"></span>123-bis del TUF,<span class=\"_ _1\"></span> ai sensi del q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ale </span>gli <span class=\"_ _211\"> </span>emittenti  devono <span class=\"_ _211\"> </span>annualme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te  fornire  al <span class=\"_ _211\"> </span>mercato  una  serie  di <span class=\"_ _211\"> </span>informazioni,  d<span class=\"_ _0\"></span>etta<span class=\"_ _3\"></span>gliatamente individuate dalla n<span class=\"_ _1\"></span>orma in oggetto.<span class=\"_ _4a1\"> </span><span class=\"_ _3\"></span> Gestione liquidit\u00e0 azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ale: e<span class=\"_ _1\"></span>ccedenza ris<span class=\"_ _1\"></span>orse fina<span class=\"_ _1\"></span>nziarie  In materia di gest<span class=\"_ _3\"></span>ione d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a li<span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>uidit\u00e0 az<span class=\"_ _1\"></span>iendale, le s<span class=\"_ _3\"></span>ociet\u00e0 del Gruppo in<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>esto<span class=\"_ _1\"></span>no le eccedenze <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rse fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> in <span class=\"_ _3\"></span>(i) <span class=\"_ _1\"></span>OICR, <span class=\"_ _3\"></span>prevalentemente<span class=\"_ _3\"></span> in <span class=\"_ _3\"></span>OICVM <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>FIA<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>hiusi <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ise<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>vati <span class=\"_ _3\"></span>istituiti <span class=\"_ _3\"></span>e/o <span class=\"_ _3\"></span>gestiti da<span class=\"_ _3\"></span> so<span class=\"_ _1\"></span>ciet\u00e0 principalmente <span class=\"_ _0\"></span>appartenenti <span class=\"_ _b\"></span>al <span class=\"_ _0\"></span>Gruppo, <span class=\"_ _b\"></span>(ii) <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>em<span class=\"_ _1\"></span>issioni <span class=\"_ _0\"></span>governative <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>br<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>termine <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>Euro <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>(iii) <span class=\"_ _b\"></span>in depositi bancari e p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>stali a <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ista e i<span class=\"_ _1\"></span>n <span class=\"ff5\">t<span class=\"_ _0\"></span>ime d<span class=\"_ _1\"></span>eposi<span class=\"_ _1\"></span>t<span class=\"ff2\">. </span></span>I <span class=\"_ _c\"> </span>rischi <span class=\"_ _211\"> </span>finanziari <span class=\"_ _211\"> </span>del <span class=\"_ _c\"> </span>portafoglio  d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>prop<span class=\"_ _1\"></span>riet\u00e0 <span class=\"_ _c\"> </span>sono<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>gestiti <span class=\"_ _c\"> </span>attra<span class=\"_ _1\"></span>verso <span class=\"_ _211\"> </span>la <span class=\"_ _c\"> </span>definizione <span class=\"_ _211\"> </span>di <span class=\"_ _c\"> </span>limitazioni operative <span class=\"_ _6\"></span>finalizzate <span class=\"_ _6\"></span>alla <span class=\"_ _f\"> </span>mitigazio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>del <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ischio <span class=\"_ _5\"></span>che <span class=\"_ _f\"> </span>tale <span class=\"_ _6\"></span>portafoglio <span class=\"_ _6\"></span>pu\u00f2<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>assume<span class=\"_ _1\"></span>re. <span class=\"_ _f\"> </span>Tali <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>im<span class=\"_ _1\"></span>itazioni<span class=\"_ _4a1\"> </span>sono <span class=\"_ _b\"></span>espresse <span class=\"_ _0\"></span>(i)<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>termini <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>tipologie <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>investimenti <span class=\"_ _0\"></span>amm<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>(ii) <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>termini <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>ammontare <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>(iii) <span class=\"_ _b\"></span>in termini di limite mass<span class=\"_ _1\"></span>imo di risc<span class=\"_ _1\"></span>hio (identificato <span class=\"_ _1\"></span>come volatilit\u00e0) c<span class=\"_ _1\"></span>he pu\u00f2 essere assunt<span class=\"_ _1\"></span>o. I <span class=\"_ _1f\"> </span>C<span class=\"_ _0\"></span>onsigli <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>Ammi<span class=\"_ _1\"></span>nistrazione <span class=\"_ _1f\"> </span>delle <span class=\"_ _15\"> </span>societ\u00e0 <span class=\"_ _1f\"> </span>del <span class=\"_ _1f\"> </span>Gr<span class=\"_ _0\"></span>uppo <span class=\"_ _16\"> </span>del<span class=\"_ _0\"></span>ibe<span class=\"_ _1\"></span>rano <span class=\"_ _1f\"> </span>annualmente <span class=\"_ _1f\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>mer<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>alle caratteristiche <span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ai <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>iti <span class=\"_ _0\"></span>operativi <span class=\"_ _b\"></span>riguardanti <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>vest<span class=\"_ _1\"></span>imenti <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>strumenti <span class=\"_ _0\"></span>finanziari <span class=\"_ _b\"></span>ed <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>de<span class=\"_ _0\"></span>pos<span class=\"_ _1\"></span>iti bancari e/o postali.<span class=\"_ _1\"></span> L\u2019attivit\u00e0 di cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollo \u00e8 sv<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lta da<span class=\"_ _1\"></span>lle funzioni di Risk Ma<span class=\"_ _1\"></span>nagement prep<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ste.<span class=\"_ _1\"></span> L\u2019investimento  in  OICVM  \u00e8  rappresentato  da  prodotti  istituiti  e/o  gestiti  dal  Gruppo,  selezionati<span class=\"_ _3\"></span> secondo <span class=\"_ _17\"> </span>gli <span class=\"_ _18\"> </span>obiettivi <span class=\"_ _17\"> </span>di <span class=\"_ _18\"> </span>rendiment<span class=\"_ _1\"></span>o <span class=\"_ _18\"> </span>ed <span class=\"_ _17\"> </span>i<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>limiti <span class=\"_ _17\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>r<span class=\"_ _0\"></span>isc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>io <span class=\"_ _17\"> </span>stabiliti <span class=\"_ _17\"> </span>dai <span class=\"_ _18\"> </span>rispettivi <span class=\"_ _17\"> </span>Consigli <span class=\"_ _17\"> </span>di Amministrazione. Tale <span class=\"_ _0\"></span>tipo<span class=\"_ _3\"></span>logi<span class=\"_ _0\"></span>a di investimento<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>\u00e8 caratterizzata da <span class=\"_ _0\"></span>un elevato livello d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>liquidit\u00e0 e d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> ridotto risc<span class=\"_ _1\"></span>hio di<span class=\"_ _1\"></span>retto di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>dito, in q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>anto <span class=\"_ _3\"></span>gli<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>OICVM <span class=\"_ _3\"></span>detenu<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>hanno <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n p<span class=\"_ _1\"></span>roprio <span class=\"_ _1\"></span>patrimonio <span class=\"_ _1\"></span>separato. I <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ischi <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>derivan<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>questa <span class=\"_ _5\"></span>tipolog<span class=\"_ _0\"></span>ia <span class=\"_ _b\"></span>di <span class=\"_ _6\"></span>investimento <span class=\"_ _5\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>riconducibili <span class=\"_ _5\"></span>essen<span class=\"_ _0\"></span>zia<span class=\"_ _3\"></span>lmen<span class=\"_ _0\"></span>te <span class=\"_ _6\"></span>al rischio <span class=\"_ _16\"> </span>di <span class=\"_ _c\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _c\"> </span>investimenti <span class=\"_ _c\"> </span>effettuati, <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>he <span class=\"_ _c\"> </span>risulta <span class=\"_ _c\"> </span>co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>unque <span class=\"_ _c\"> </span>com<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>tibile <span class=\"_ _c\"> </span>con <span class=\"_ _16\"> </span>il <span class=\"_ _c\"> </span>profi<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>o prudente che caratterizza<span class=\"_ _1\"></span> la strategia d<span class=\"_ _1\"></span>i investimento della <span class=\"_ _1\"></span>liquidit\u00e0 aziendale<span class=\"_ _1\"></span> del Gruppo.<span class=\"_ _1\"></span> I <span class=\"_ _3\"></span>rischi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>deri<span class=\"_ _1\"></span>vanti dal<span class=\"_ _3\"></span>l\u2019inv<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>imen<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>OICVM <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>mo<span class=\"_ _0\"></span>nito<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>mediante <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>verifica <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>ri<span class=\"_ _0\"></span>spet<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>limiti deliberati <span class=\"_ _0\"></span>dai<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rispettivi Consigli di <span class=\"_ _0\"></span>Ammin<span class=\"_ _1\"></span>istrazione. In <span class=\"_ _0\"></span>partic<span class=\"_ _1\"></span>olare, <span class=\"_ _0\"></span>i limiti di <span class=\"_ _0\"></span>risc<span class=\"_ _1\"></span>hio <span class=\"_ _0\"></span>stabi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>iti in <span class=\"_ _0\"></span>term<span class=\"_ _1\"></span>ini di <span class=\"_ _b\"></span>volatilit\u00e0 <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>monitorati <span class=\"_ _0\"></span>con <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>modello <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>rischi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>press<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>llata <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>SGR.<span class=\"_ _1\"></span> Per <span class=\"_ _f\"> </span>q<span class=\"_ _1\"></span>uanto <span class=\"_ _6\"></span>sopra, <span class=\"_ _6\"></span>unitamente <span class=\"_ _f\"> </span>al<span class=\"_ _3\"></span>la <span class=\"_ _f\"> </span>nat<span class=\"_ _1\"></span>ura <span class=\"_ _6\"></span>diversificata <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>investimenti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>O<span class=\"_ _0\"></span>I<span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>VM, <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>non ritiene rappresentati<span class=\"_ _1\"></span>va l\u2019analisi di se<span class=\"_ _1\"></span>nsitivit\u00e0 rispett<span class=\"_ _3\"></span>o ai rischi di mercato a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ui \u00e8 esp<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>sta.<span class=\"_ _3\"></span> Gli <span class=\"_ _1\"></span>investiment<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>emissioni <span class=\"_ _3\"></span>governative <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>rappresentati <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>titoli <span class=\"_ _3\"></span>em<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>si dal<span class=\"_ _3\"></span>lo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Stato <span class=\"_ _3\"></span>italia<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o (BOT) <span class=\"_ _c\"> </span>con <span class=\"_ _211\"> </span>dur<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>on <span class=\"_ _c\"> </span>massima <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>12  m<span class=\"_ _0\"></span>esi.<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>I <span class=\"_ _211\"> </span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chi <span class=\"_ _c\"> </span>derivanti <span class=\"_ _c\"> </span>da <span class=\"_ _211\"> </span>tale <span class=\"_ _c\"> </span>investimento <span class=\"_ _211\"> </span>sono <span class=\"_ _211\"> </span>monitorati mediante <span class=\"_ _0\"></span>la verifica <span class=\"_ _0\"></span>del rispetto <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>limiti deliberati dal <span class=\"_ _0\"></span>Consiglio di <span class=\"_ _0\"></span>Amminist<span class=\"_ _1\"></span>razione. <span class=\"_ _0\"></span>In <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>rticolare, i limiti <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>isc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>io <span class=\"_ _0\"></span>stabiliti <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>termini <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>volatilit\u00e0 <span class=\"_ _0\"></span>sono <span class=\"_ _b\"></span>monitorati <span class=\"_ _0\"></span>anch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>questo <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>con <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>modello <span class=\"_ _0\"></span>di rischio in uso presso A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>.  Il Gr<span class=\"_ _1\"></span>uppo pu\u00f2 i<span class=\"_ _3\"></span>noltre invest<span class=\"_ _1\"></span>ire <span class=\"_ _1\"></span>nei FIA <span class=\"_ _3\"></span>chiusi imm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>biliari <span class=\"_ _3\"></span>riservati ist<span class=\"_ _1\"></span>ituiti <span class=\"_ _1\"></span>e/o <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>estiti <span class=\"_ _1\"></span>prin<span class=\"_ _1\"></span>cipalmen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>da societ\u00e0 <span class=\"_ _1\"></span>appa<span class=\"_ _1\"></span>rtenenti al Gr<span class=\"_ _1\"></span>uppo. Viste <span class=\"_ _3\"></span>le caratteristi<span class=\"_ _1\"></span>che,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>specialmente <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>termini <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>illiquidit\u00e0, d<span class=\"_ _1\"></span>i questa<span class=\"_ _3\"></span> tipologia <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _1f\"> </span>investime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti, <span class=\"_ _16\"> </span>l\u2019<span class=\"_ _0\"></span>amm<span class=\"_ _1\"></span>ontare <span class=\"_ _1f\"> </span>ad <span class=\"_ _1f\"> </span>essi <span class=\"_ _1f\"> </span>destinato <span class=\"_ _16\"> </span>v<span class=\"_ _0\"></span>ie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>autorizzato <span class=\"_ _16\"> </span>specificatamente <span class=\"_ _16\"> </span>dai rispettivi Consigli d<span class=\"_ _1\"></span>i Amministrazio<span class=\"_ _1\"></span>ne. Dal punto di <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ista del<span class=\"_ _1\"></span>la liquidit\u00e0, tale tipo<span class=\"_ _1\"></span>logia di investimenti \u00e8 caratterizzata <span class=\"_ _0\"></span>infatti d<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>un orizzon<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>temporale <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>lun<span class=\"_ _1\"></span>go <span class=\"_ _0\"></span>periodo, <span class=\"_ _0\"></span>senza <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>possib<span class=\"_ _1\"></span>ilit\u00e0 <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>richiedere<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>un rimborso <span class=\"_ _6\"></span>anticipato <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>scadenza <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>fondo<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>Nell\u2019ambito<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ischio <span class=\"_ _5\"></span>di <span class=\"_ _f\"></span>me<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cato, <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>questi<span class=\"_ _1\"></span> strumenti <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presenta <span class=\"_ _16\"> </span>un <span class=\"_ _16\"> </span>element<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>mitigante <span class=\"_ _16\"> </span>l\u2019<span class=\"_ _3\"></span>esposizione <span class=\"_ _16\"> </span>minoritaria <span class=\"_ _c\"> </span>a <span class=\"_ _16\"> </span>inv<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>enti <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>natura azionaria <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>la strategia <span class=\"_ _0\"></span>di investimento <span class=\"_ _0\"></span>di lungo <span class=\"_ _0\"></span>periodo, che <span class=\"_ _0\"></span>viene <span class=\"_ _0\"></span>riflessa anche <span class=\"_ _0\"></span>nella v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>rizzazione dei <span class=\"_ _b\"></span>sottostanti. <span class=\"_ _0\"></span>Pu\u00f2 <span class=\"_ _b\"></span>essere <span class=\"_ _b\"></span>rileva<span class=\"_ _1\"></span>nte <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>presenza <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>rischio <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>credito <span class=\"_ _b\"></span>nei <span class=\"_ _0\"></span>confronti <span class=\"_ _b\"></span>delle <span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> vengono <span class=\"_ _3\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziate <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>questi <span class=\"_ _3\"></span>strumenti <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>estime<span class=\"_ _1\"></span>nto:<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>mitigazione <span class=\"_ _3\"></span>avviene <span class=\"_ _3\"></span>principalmente <span class=\"_ _3\"></span>tramite<span class=\"_ _1\"></span> tecniche di diversifi<span class=\"_ _1\"></span>cazione implementate <span class=\"_ _3\"></span>dal g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ore dei<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>FIA e un\u2019attenta fase di a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>alisi p<span class=\"_ _1\"></span>reventiva. Infine, <span class=\"_ _6\"></span>gli <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>nv<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>imenti <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _6\"></span>depositi <span class=\"_ _6\"></span>b<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>postali <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>time <span class=\"_ _5\"></span>deposit <span class=\"_ _6\"></span>(questi <span class=\"_ _6\"></span>ul<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>sott<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>scri<span class=\"_ _1\"></span>vili <span class=\"_ _6\"></span>con scadenza n<span class=\"_ _1\"></span>on superiore<span class=\"_ _3\"></span> a 12 mesi) s<span class=\"_ _3\"></span>ono, per loro<span class=\"_ _1\"></span> natura, ca<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atte<span class=\"_ _1\"></span>rizzati da u<span class=\"_ _1\"></span>n elevat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> livel<span class=\"_ _1\"></span>lo di l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uidit\u00e0 e <span class=\"_ _b\"></span>assenza <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>rischio <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cato. <span class=\"_ _b\"></span>I <span class=\"_ _5\"></span>rischi <span class=\"_ _b\"></span>finanziari <span class=\"_ _5\"></span>derivanti <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>qu<span class=\"_ _0\"></span>esta <span class=\"_ _b\"></span>tipologia <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>investiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>sono sostanzialmente <span class=\"_ _f\"> </span>ricon<span class=\"_ _1\"></span>ducibili <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>rischio <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>dito <span class=\"_ _6\"></span>e  son<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>golar<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _f\"> </span>m<span class=\"_ _1\"></span>onitorati <span class=\"_ _f\"> </span>nonch\u00e9 <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span>gati anch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> tr<span class=\"_ _0\"></span>amite <span class=\"_ _3\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>iti finalizza<span class=\"_ _1\"></span>ti al frazionament<span class=\"_ _1\"></span>o del rischio. Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al fair value<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>con <span class=\"_ _1\"></span>impatto sulla reddit<span class=\"_ _1\"></span>ivit\u00e0 complessi<span class=\"_ _1\"></span>va Si <span class=\"_ _b\"></span>seg<span class=\"_ _0\"></span>nala <span class=\"_ _b\"></span>che <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>Societ\u00e0 <span class=\"_ _b\"></span>h<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>inoltre <span class=\"_ _b\"></span>acquisito <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>\u00b0 <span class=\"_ _b\"></span>50<span class=\"_ _1\"></span>.290.691 <span class=\"_ _5\"></span>azioni <span class=\"_ _b\"></span>ordin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ie <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>BMPS, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>valore<span class=\"_ _0\"></span> com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssivo <span class=\"_ _1\"></span>al <span class=\"_ _3\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>dic<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>mbre <span class=\"_ _3\"></span>2024 <span class=\"_ _1\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>342<span class=\"_ _1\"></span>,3 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>i) <span class=\"_ _3\"></span>aderendo <span class=\"_ _3\"></span>nell\u2019ottobre <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>all\u2019aument<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> di <span class=\"_ _0\"></span>capitale del<span class=\"_ _0\"></span>la banca <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la sottoscrizione <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>n\u00b0 12,5<span class=\"_ _0\"></span> milioni <span class=\"_ _0\"></span>di azioni <span class=\"_ _0\"></span>ordinarie d<span class=\"_ _0\"></span>i nuova <span class=\"_ _0\"></span>emissio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>e (ii)  c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _f\"> </span>l\u2019acquist<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>avv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span>  13 <span class=\"_ _f\"> </span>novembre <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>MEF <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>n\u00b0 <span class=\"_ _f\"> </span>37<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>790.691 <span class=\"_ _f\"> </span>azioni <span class=\"_ _f\"> </span>ordinarie nell\u2019ambito <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>procedura <span class=\"_ _5\"></span>accelerata <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>raccolta <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>rdini <span class=\"_ _5\"></span>riservata <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>in<span class=\"_ _0\"></span>vest<span class=\"_ _1\"></span>itori <span class=\"_ _6\"></span>qualificati <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>Italia <span class=\"_ _6\"></span>e investitori <span class=\"_ _19\"> </span>i<span class=\"_ _0\"></span>stit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>nali <span class=\"_ _1b\"> </span>esteri <span class=\"_ _19\"> </span>(si <span class=\"_ _1b\"> </span>rin<span class=\"_ _1\"></span>via <span class=\"_ _1b\"> </span>al <span class=\"_ _1b\"> </span>paragrafo <span class=\"_ _19\"> </span>\u201c<span class=\"_ _0\"></span>Fatt<span class=\"_ _1\"></span>i <span class=\"_ _19\"> </span>di <span class=\"_ _1b\"> </span>rilievo <span class=\"_ _1b\"> </span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>venuti <span class=\"_ _19\"> </span>nell\u2019esercizio <span class=\"_ _1b\"> </span>- Acquisizione del 3%<span class=\"_ _1\"></span> del capitale Banca Mo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> P<span class=\"_ _3\"></span>asc<span class=\"_ _0\"></span>hi\u201d della<span class=\"_ _1\"></span> Relazione sulla gesti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne). <span class=\"_ _3\"></span> I ti<span class=\"_ _0\"></span>toli <span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i di <span class=\"_ _0\"></span>BMPS sono stati <span class=\"_ _0\"></span>classificati conta<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ilmente tra <span class=\"_ _0\"></span>le \u201cAttivit\u00e0 finanziarie v<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>utate <span class=\"_ _0\"></span>al fair value <span class=\"_ _b\"></span>con <span class=\"_ _0\"></span>impatto <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>la <span class=\"_ _b\"></span>redditivit\u00e0 <span class=\"_ _0\"></span>complessiva\u201d,<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>voce <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>accoglie <span class=\"_ _0\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>strume<span class=\"_ _1\"></span>nti <span class=\"_ _b\"></span>finanziari <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tati <span class=\"_ _0\"></span>al fair value con la rilevazione delle va<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iazioni dello ste<span class=\"_ _1\"></span>sso in<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>una specifica riserva di patri<span class=\"_ _1\"></span>monio netto, in base <span class=\"_ _c\"> </span>alle <span class=\"_ _c\"> </span>previsioni <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>onten<span class=\"_ _1\"></span>ute <span class=\"_ _c\"> </span>nell\u2019IFRS <span class=\"_ _211\"> </span>9<span class=\"_ _0\"></span>. <span class=\"_ _211\"> </span>Tale <span class=\"_ _c\"> </span>trattamento <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>ontabile <span class=\"_ _211\"> </span>\u00e8 <span class=\"_ _c\"> </span>coerente <span class=\"_ _c\"> </span>con <span class=\"_ _c\"> </span>la <span class=\"_ _211\"> </span>f<span class=\"_ _0\"></span>inalit\u00e0 dell\u2019investimento, <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>quanto  ta<span class=\"_ _1\"></span>li <span class=\"_ _f\"> </span>azioni <span class=\"_ _f\"> </span>non  s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _f\"> </span>detenute <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>finalit\u00e0 <span class=\"_ _f\"> </span>di  ne<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>oziazi<span class=\"_ _1\"></span>one  e <span class=\"_ _f\"></span>non <span class=\"_ _f\"> </span>sono qualificabili <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>controllo <span class=\"_ _0\"></span>esclusivo, <span class=\"_ _0\"></span>colle<span class=\"_ _1\"></span>gamento <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>controllo <span class=\"_ _0\"></span>congiunto. <span class=\"_ _0\"></span>La <span class=\"_ _0\"></span>finalit\u00e0 <span class=\"_ _0\"></span>dell\u2019investi<span class=\"_ _1\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _b\"></span>\u00e8 stata definita dal <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>onsigli<span class=\"_ _1\"></span>o di Amministrazio<span class=\"_ _1\"></span>ne della<span class=\"_ _1\"></span> Societ\u00e0. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-495": {
   "value": "3.1 Rischi finanz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ari L'informativa \u00e8 prevista <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>all'a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>t. 242<span class=\"_ _1\"></span>8 C.C. e dai principi c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntabili IAS 3<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> e IFRS <span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span> I rischi finanzia<span class=\"_ _1\"></span>ri comprendono:<span class=\"_ _3\"></span> <span class=\"_ _1bb\"> </span><span class=\"ff2\">il <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>chio<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>liquidit\u00e0, c<span class=\"_ _0\"></span>onnesso <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>diffi<span class=\"_ _1\"></span>col<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>smobilizzare <span class=\"_ _0\"></span>un\u2019attivit\u00e0 <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>tempi <span class=\"_ _0\"></span>rapidi <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>un<span class=\"_ _4a1\"> </span></span>prezzo  d<span class=\"_ _3\"></span>i  mer<span class=\"_ _1\"></span>cato,  o<span class=\"_ _3\"></span>vvero <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>accedere <span class=\"_ _f\"> </span>tempesti<span class=\"_ _1\"></span>vamente <span class=\"_ _f\"> </span>alle <span class=\"_ _f\"> </span>risorse <span class=\"_ _f\"> </span>finan<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>iarie  ne<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essar<span class=\"_ _1\"></span>ie<span class=\"_ _4a1\"> </span>all\u2019azienda a costi so<span class=\"_ _1\"></span>stenibili;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">il <span class=\"_ _15\"> </span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chio <span class=\"_ _15\"> </span>di <span class=\"_ _d\"> </span>credito, <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>io\u00e8 <span class=\"_ _1f\"> </span>i<span class=\"_ _0\"></span>l <span class=\"_ _15\"> </span>rischio <span class=\"_ _15\"> </span>di <span class=\"_ _d\"> </span>incorre<span class=\"_ _1\"></span>re <span class=\"_ _15\"> </span>in <span class=\"_ _d\"> </span>perdite <span class=\"_ _d\"> </span>a <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>ausa <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019inadempienza<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>o<span class=\"_ _4a1\"> </span></span>dell\u2019insolvenza del<span class=\"_ _1\"></span>la controparte; <span class=\"_ _1bb\"> </span><span class=\"ff2\">il rischio di mer<span class=\"_ _1\"></span>cato, legato ad oscillaz<span class=\"_ _1\"></span>ioni del valore di attivit\u00e0/pa<span class=\"_ _1\"></span>ssivit\u00e0 a seg<span class=\"_ _1\"></span>uito di variazioni </span>delle condizioni d<span class=\"_ _1\"></span>i mercato (prezzo<span class=\"_ _1\"></span>, tasso, cambio, commodit<span class=\"_ _3\"></span>y<span class=\"_ _0\"></span>).<span class=\"_ _4a1\"> </span>Il <span class=\"_ _19\"> </span>Gruppo <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _19\"> </span>esposto <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>tutti <span class=\"_ _19\"> </span>i <span class=\"_ _19\"> </span>tre <span class=\"_ _19\"> </span>rischi <span class=\"_ _19\"> </span>sopra <span class=\"_ _e\"> </span>menzionati. <span class=\"_ _1b\"> </span>I<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>particolar<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>, <span class=\"_ _19\"> </span>tale <span class=\"_ _19\"> </span>esposizione <span class=\"_ _19\"> </span>\u00e8 essenzialmente <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>conducibile <span class=\"_ _b\"></span>alla <span class=\"_ _b\"></span>gestione <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>liq<span class=\"_ _1\"></span>uidi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>delle <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Gruppo, <span class=\"_ _b\"></span>sia <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>relazion<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>al rimborso <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019indebitament<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>sottoscritto<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _0\"></span>(prestito <span class=\"_ _b\"></span>obbligazi<span class=\"_ _1\"></span>onario), <span class=\"_ _b\"></span>sia <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>elazio<span class=\"_ _1\"></span>ne <span class=\"_ _b\"></span>alle eccedenze <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>riso<span class=\"_ _1\"></span>rse <span class=\"_ _c\"> </span>finanziarie <span class=\"_ _c\"> </span>rispetto <span class=\"_ _c\"> </span>ai <span class=\"_ _c\"> </span>fabb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>gni <span class=\"_ _c\"> </span>attesi <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>liquidit\u00e0 <span class=\"_ _c\"> </span>generati <span class=\"_ _c\"> </span>dall\u2019operativit\u00e0<span class=\"_ _1\"></span> ordinaria, ovver<span class=\"_ _1\"></span>o il<span class=\"_ _0\"></span> p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>taf<span class=\"_ _1\"></span>oglio di prop<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iet\u00e0 del Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o.  Gestione liquidit\u00e0 azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ale: <span class=\"_ _1\"></span>indebitamento Al 31 dicembre 202<span class=\"_ _1\"></span>4 il Gruppo prese<span class=\"_ _1\"></span>nta la segue<span class=\"_ _1\"></span>nte stru<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>ur<span class=\"_ _0\"></span>a de<span class=\"_ _1\"></span>bitoria: <table class=\"s w8ee h3cb\" id=\"_42700b2d-4b51-471a-b52b-79e00d6692e7\"><tr><td></td><td></td><td class=\"t m23 xa1b h9e y1b5e ff3 fs35 fc1 sc0 ls0 ws0\">Espo<span class=\"_ _3\"></span>sizi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e debi<span class=\"_ _1\"></span>toria<span class=\"_ _3\"></span> </td></tr><tr><td class=\"c n xa1c y1b5f w8ef h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">Tip<span class=\"_ _3\"></span>ol<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ia<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa1d y1b5f w8f0 h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">Valo<span class=\"_ _3\"></span>re N<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c xa1e y1b60 w1d h140\"><div class=\"t m23 x3b h9e y96e ff3 fs35 fc1 sc0 ls0 ws0\">al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>      </div></td></tr><tr><td></td><td></td><td class=\"t m23 xa1f h9e y1b61 ff3 fs35 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1b62 w8f1 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">Prest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o Obblig<span class=\"_ _1\"></span>aziona<span class=\"_ _1\"></span>rio 20<span class=\"_ _0\"></span>26<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa20 y1b62 w8f2 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>3.9<span class=\"_ _0\"></span>78<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa21 y1b62 w8f2 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>.987<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b63 w8f1 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">Prest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o Obblig<span class=\"_ _1\"></span>aziona<span class=\"_ _1\"></span>rio 20<span class=\"_ _0\"></span>28<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa20 y1b63 w8f2 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">30<span class=\"_ _0\"></span>0.0<span class=\"_ _0\"></span>00<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa21 y1b63 w8f2 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>01<span class=\"_ _0\"></span>.227<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w8f3 h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> in<span class=\"_ _1\"></span>debi<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ento<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa22 y16d8 w8f4 h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">58<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>78<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa23 y16d8 w8f4 h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>85<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>14<span class=\"_ _4a1\"> </span></div></td></tr></table>Il profilo di sca<span class=\"_ _1\"></span>denza della struttu<span class=\"_ _1\"></span>ra nominale debit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ria ris<span class=\"_ _1\"></span>ulta essere: <table class=\"s w8f5 h3cc\" id=\"_4f4fefdf-552f-4b04-bcde-e6849e553cbf\"><tr><td></td><td class=\"t m3c xa24 h141 y1b64 ff3 fs78 fc1 sc0 ls0 ws0\">Prestito </td><td class=\"t m3c xa25 h141 y1b65 ff3 fs78 fc1 sc0 ls0 wsb\">Prestito <span class=\"ff29 ws0\"> </span></td><td></td></tr><tr><td class=\"t m3b xa26 h141 y1b66 ff3 fs78 fc1 sc0 ls0 ws0\">Sc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>nz<span class=\"_ _3\"></span>a<span class=\"_ _4a1\"> </span></td><td class=\"t m3c xa27 h141 y1b66 ff3 fs78 fc1 sc0 ls0 ws0\">Obbligazionario<span class=\"_ _4a1\"> </span></td><td class=\"t m3c xa28 h141 y1b67 ff3 fs78 fc1 sc0 ls0 ws0\">Obbligazionario<span class=\"_ _4a1\"> </span></td><td class=\"t m3b xa29 h141 y1b66 ff3 fs78 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1b69 w8f6 h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">infe<span class=\"_ _1\"></span>riore<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>a 6 mesi<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3c xa2a h141 y1b6a ff3 fs78 fc1 sc0 ls0 ws0\">2026<span class=\"_ _4a1\"> </span></td><td class=\"t m3c xa2b h141 y1b6b ff3 fs78 fc1 sc0 ls0 ws0\">2028<span class=\"_ _4a1\"> </span></td><td class=\"c n xa2c y1b69 w8f7 h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b6c w8f8 h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">infe<span class=\"_ _1\"></span>riore<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>a 1 anno<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n xa2d y1b6c w8f7 h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b6d w8f9 h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">tra 1 e 3 anni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa2e y1b6d w8fa h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>3.97<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa2f y1b6d w8fb h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>.97<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b6e w8f9 h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">tra 3 e 5 anni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa30 y1b6e w8fc h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">30<span class=\"_ _0\"></span>0.000<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa31 y1b6e w8fb h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>000<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y171c w8fd h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">olt<span class=\"_ _3\"></span>re 5 anni<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n xa32 y171c w8fe h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w8ff h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">Total<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa33 y16d8 w8fb h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.9<span class=\"_ _0\"></span>78<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa34 y16d8 w900 h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">30<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>000<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa35 y16d8 w8fb h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>978<span class=\"_ _4a1\"> </span></div></td></tr></table>Il <span class=\"_ _b\"></span>Prestito<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Obbligazionari<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>026<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>non <span class=\"_ _0\"></span>convertibile <span class=\"_ _b\"></span><span class=\"ff5\">se<span class=\"_ _1\"></span>nior <span class=\"_ _0\"></span>unsecured<span class=\"ff2\"> <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>stato<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>emesso <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>data <span class=\"_ _0\"></span>23 <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>tto<span class=\"_ _1\"></span>bre </span></span>2019, per un nominale di Euro 300 milioni con scad<span class=\"_ _1\"></span>enza a 7 anni.<span class=\"_ _0\"></span> Le <span class=\"_ _1\"></span>obbligazioni sono state emesse al prezzo <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>99,459%, <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>tass<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>interesse <span class=\"_ _0\"></span>fisso annuo <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>riferimento <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>1,75%<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>(cfr. <span class=\"_ _0\"></span>comunicato<span class=\"_ _4a1\"> </span>stampa del <span class=\"_ _0\"></span>17 <span class=\"_ _0\"></span>ottobre <span class=\"_ _0\"></span>2019). L\u2019<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>iss<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>one obbligazionaria ha <span class=\"_ _0\"></span>comportato un<span class=\"_ _0\"></span> incasso <span class=\"_ _0\"></span>netto <span class=\"_ _0\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _0\"></span>Anima Holding di circa E<span class=\"_ _1\"></span>uro 298,38 milio<span class=\"_ _1\"></span>ni. Si <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>icorda <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>10 <span class=\"_ _6\"></span>giugno <span class=\"_ _f\"> </span>2020 <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>venut<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>il <span class=\"_ _f\"> </span>regolamento <span class=\"_ _6\"></span>dell\u2019offerta <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>riacquist<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>parziale avente <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>oggetto <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>obbligazioni <span class=\"_ _0\"></span>emesse<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dalla <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>importo <span class=\"_ _0\"></span>nominale c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>lessivo <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Euro 16,02 milioni.<span class=\"_ _1\"></span> Al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2024, <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>nominale <span class=\"_ _8\"></span>residuo <span class=\"_ _3\"></span>del <span class=\"_ _8\"></span>Pr<span class=\"_ _0\"></span>estito <span class=\"_ _8\"></span>O<span class=\"_ _0\"></span>bbli<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>nario <span class=\"_ _3\"></span>2026 <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _1\"></span>par<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>283,98 milioni. Il <span class=\"_ _1f\"> </span>Pr<span class=\"_ _0\"></span>estito <span class=\"_ _16\"> </span>Obbligazionario <span class=\"_ _1f\"> </span>2026 <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _1f\"> </span>stato <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>ise<span class=\"_ _3\"></span>rvato <span class=\"_ _15\"> </span>a <span class=\"_ _1f\"> </span>i<span class=\"_ _0\"></span>nvestito<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _1f\"> </span>qualificati <span class=\"_ _1f\"> </span>in <span class=\"_ _15\"> </span>Italia <span class=\"_ _1f\"> </span>e <span class=\"_ _15\"> </span>all\u2019ester<span class=\"_ _1\"></span>o, escludendo  gli  Stati <span class=\"_ _211\"> </span>Uniti  d'America  ed <span class=\"_ _211\"> </span>altri <span class=\"_ _211\"> </span>pae<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>  selezionati.  La  quotazione  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>obbligazioni<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>\u00e8 avvenuta sul si<span class=\"_ _0\"></span>stema<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>multilate<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ale di negoziazione, come definit<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>ai sensi della Direttiva 2014/65/UE<span class=\"_ _1\"></span> (multilateral  tradi<span class=\"_ _1\"></span>ng  facility,  o  MTF),  de<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ominato<span class=\"_ _1\"></span>  \u201cGlobal  Exchange  Market\u201d<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>  gestito <span class=\"_ _f\"> </span>da  Euronext Dublin. Alle obbli<span class=\"_ _1\"></span>gazioni \u00e8 attualmente asse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> un rati<span class=\"_ _1\"></span>ng <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ri a BBB da pa<span class=\"_ _1\"></span>rte di Fitc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span> Ratings Ltd..<span class=\"_ _3\"></span> Nella tabella seg<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ente si riass<span class=\"_ _1\"></span>umono le p<span class=\"_ _1\"></span>rincipali caratt<span class=\"_ _1\"></span>eristiche dello st<span class=\"_ _1\"></span>rum<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span>: <table class=\"s w901 h3cd\" id=\"_ca102f0f-41e8-4e9a-b3b9-57df18cf8206\"><tr><td class=\"c n xa36 y1b70 w902 h359\"><div class=\"t m3a x17f h143 y1b6f ff3 fs79 fc1 sc0 ls0 ws0\">Em<span class=\"_ _1\"></span>ittente<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa37 y1b70 w903 h359\"><div class=\"t m3a x17f h143 y1b6f ff3 fs79 fc1 sc0 ls0 ws0\">Cod<span class=\"_ _3\"></span>ice<span class=\"_ _0\"></span> ISIN</div></td><td class=\"t m3a x496 h143 y1b71 ff3 fs79 fc1 sc0 ls0 ws0\">Mer<span class=\"_ _0\"></span>cato<span class=\"_ _1\"></span> di<span class=\"_ _3\"></span> </td><td class=\"c n xa38 y1b70 w904 h359\"><div class=\"t m3a x17f h143 y1b6f ff3 fs79 fc1 sc0 ls0 ws0\">Ra<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _1\"></span>g<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa39 y1b70 w905 h359\"><div class=\"t m3a x17f h143 y1b6f ff3 fs79 fc1 sc0 ls0 ws0\">Va<span class=\"_ _3\"></span>luta</div></td><td class=\"t m3a xa3a h143 y1b71 ff3 fs79 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore </td><td class=\"t m3a xa3b h143 y1b71 ff3 fs79 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore IAS di<span class=\"_ _3\"></span> </td><td class=\"t m3a xa3c h143 y1b72 ff3 fs79 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>edol<span class=\"_ _1\"></span>a<span class=\"_ _4a1\"> </span></td><td class=\"t m3a xa3d h143 y1b71 ff3 fs79 fc1 sc0 ls0 ws0\">Data </td></tr><tr><td></td><td></td><td class=\"c xa3e y1b73 w30 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">qu<span class=\"_ _1\"></span>ota<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>az<span class=\"_ _3\"></span>ion<span class=\"_ _1\"></span>e </div></td><td></td><td></td><td class=\"c xa3f y1b73 w31 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">Nomi<span class=\"_ _1\"></span>nl<span class=\"_ _1\"></span>e</div></td><td class=\"c xa40 y1b73 w32 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">bi<span class=\"_ _3\"></span>lan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3a xa41 h144 y1b74 ff2 fs79 fc1 sc0 ls0 ws0\">Annuale<span class=\"_ _3\"></span>  </td><td class=\"c x494 y1b73 w33 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">scadenz<span class=\"_ _3\"></span>a<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b76 w906 h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> Hold<span class=\"_ _1\"></span>ing S.p.<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa42 y1b76 w907 h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">XS<span class=\"_ _0\"></span>206<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>040<span class=\"_ _0\"></span>389<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa43 y1b76 w908 h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">M<span class=\"_ _1\"></span>TF<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa44 y1b76 w909 h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">BBB<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa45 y1b76 w90a h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">E<span class=\"_ _0\"></span>uro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa46 y1b76 w90b h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3.978<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa47 y1b76 w90c h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">283<span class=\"_ _0\"></span>.98<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3a x3bc h144 y1b77 ff2 fs79 fc1 sc0 ls0 ws0\">tasso f<span class=\"_ _0\"></span>isso </td><td class=\"t m3a x72c h144 y1b77 ff2 fs79 fc1 sc0 ls0 ws0\">23/1<span class=\"_ _0\"></span>0/202<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c xa48 y1b78 w34 h8a\"><div class=\"t m3a x3b h144 y400 ff2 fs79 fc1 sc0 ls0 ws0\">1,7<span class=\"_ _0\"></span>5%<span class=\"_ _4a1\"> </span></div></td><td></td></tr></table>Il <span class=\"_ _5\"></span>Prestito <span class=\"_ _b\"></span>Ob<span class=\"_ _0\"></span>bligazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>na<span class=\"_ _1\"></span>rio<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>28 <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>convertibile <span class=\"_ _b\"></span><span class=\"ff5\">senior <span class=\"_ _b\"></span>un</span>secu<span class=\"_ _0\"></span>red <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>emesso <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>2 <span class=\"_ _5\"></span>aprile 2021, per un nominale di Euro 300 milioni con scad<span class=\"_ _1\"></span>enza a 7 anni.<span class=\"_ _0\"></span> Le <span class=\"_ _1\"></span>obbligazioni sono state emesse al prezzo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>99,408, <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nte<span class=\"_ _1\"></span>resse <span class=\"_ _6\"></span>fisso <span class=\"_ _f\"> </span>a<span class=\"_ _3\"></span>nnuo <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>riferimento<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>pari <span class=\"_ _f\"> </span>a <span class=\"_ _5\"></span>1,5% <span class=\"_ _6\"></span>(cfr. <span class=\"_ _6\"></span>comunicato stampa <span class=\"_ _e\"> </span>del <span class=\"_ _19\"> </span>c<span class=\"_ _0\"></span>ollocament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligazionario <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _e\"> </span>15 <span class=\"_ _19\"> </span>aprile <span class=\"_ _19\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>21). <span class=\"_ _19\"> </span>L\u2019emissione <span class=\"_ _e\"> </span>ob<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>ligazionaria <span class=\"_ _e\"> </span>h<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>tato<span class=\"_ _3\"></span> un inc<span class=\"_ _0\"></span>ass<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>nett<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> per A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima Hol<span class=\"_ _1\"></span>ding di circa E<span class=\"_ _1\"></span>uro 298,224 mili<span class=\"_ _1\"></span>oni. Al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>dicembre <span class=\"_ _0\"></span>2024, <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>valo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>nominale<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>residuo <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _0\"></span>Pr<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>Obbligazionario <span class=\"_ _0\"></span>2028 <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a Euro <span class=\"_ _0\"></span>300 milioni. Il <span class=\"_ _15\"> </span>Pr<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>Obbligazionario <span class=\"_ _1f\"> </span>2028 <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _1f\"> </span>stato <span class=\"_ _15\"> </span>ri<span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>vato <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>investitori <span class=\"_ _15\"> </span>qualificati <span class=\"_ _1f\"> </span>in <span class=\"_ _15\"> </span>Italia <span class=\"_ _d\"> </span>e <span class=\"_ _15\"> </span>all\u2019estero (escludendo <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>Stati <span class=\"_ _f\"> </span>Uniti <span class=\"_ _f\"> </span>d'America <span class=\"_ _f\"> </span>ed <span class=\"_ _f\"> </span>altri <span class=\"_ _f\"> </span>paesi <span class=\"_ _f\"> </span>selezionati). <span class=\"_ _f\"> </span>La <span class=\"_ _f\"> </span>quotazione <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>obbligazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>\u00e8 avvenuta sul si<span class=\"_ _0\"></span>stema<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>multilate<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ale di negoziazione, come definit<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>ai sensi della Direttiva 2014/65/UE<span class=\"_ _1\"></span> (multilateral  tradi<span class=\"_ _1\"></span>ng  facility,  o  MTF),  de<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ominato<span class=\"_ _1\"></span>  \u201cGlobal  Exchange  Market\u201d<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>  gestito <span class=\"_ _f\"> </span>da  Euronext Dublin. Alle obbli<span class=\"_ _1\"></span>gazioni \u00e8 stat<span class=\"_ _1\"></span>o assegnato un ratin<span class=\"_ _1\"></span>g pari a BBB da pa<span class=\"_ _1\"></span>rte di Fitch Ratin<span class=\"_ _1\"></span>gs Ltd..<span class=\"_ _4a1\"> </span>Nella tabella seg<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ente si riass<span class=\"_ _1\"></span>umono le p<span class=\"_ _1\"></span>rincipali caratt<span class=\"_ _1\"></span>eristiche dello st<span class=\"_ _1\"></span>rum<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span>: <table class=\"s w901 h3cd\" id=\"_a041bfb2-ac1f-4463-b009-78b2030072be\"><tr><td class=\"c n xa36 y1b79 w902 h35a\"><div class=\"t m3a x17f h143 y16e8 ff3 fs79 fc1 sc0 ls0 ws0\">Em<span class=\"_ _1\"></span>ittente<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa37 y1b79 w903 h35a\"><div class=\"t m3a x17f h143 y16e8 ff3 fs79 fc1 sc0 ls0 ws0\">Cod<span class=\"_ _3\"></span>ice<span class=\"_ _0\"></span> ISIN</div></td><td class=\"t m3a x496 h143 y1b7a ff3 fs79 fc1 sc0 ls0 ws0\">Mer<span class=\"_ _0\"></span>cato<span class=\"_ _1\"></span> di<span class=\"_ _3\"></span> </td><td class=\"c n xa38 y1b79 w904 h35a\"><div class=\"t m3a x17f h143 y16e8 ff3 fs79 fc1 sc0 ls0 ws0\">Ra<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _1\"></span>g<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa39 y1b79 w905 h35a\"><div class=\"t m3a x17f h143 y16e8 ff3 fs79 fc1 sc0 ls0 ws0\">Va<span class=\"_ _3\"></span>luta</div></td><td class=\"t m3a xa3a h143 y1b7a ff3 fs79 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore </td><td class=\"t m3a xa3b h143 y1b7a ff3 fs79 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore IAS di<span class=\"_ _3\"></span> </td><td class=\"t m3a xa3c h143 y1b7b ff3 fs79 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>edol<span class=\"_ _1\"></span>a<span class=\"_ _4a1\"> </span></td><td class=\"t m3a xa3d h143 y1b7a ff3 fs79 fc1 sc0 ls0 ws0\">Data </td></tr><tr><td></td><td></td><td class=\"c xa3e y1b7c w30 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">qu<span class=\"_ _1\"></span>ota<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>az<span class=\"_ _3\"></span>ion<span class=\"_ _1\"></span>e </div></td><td></td><td></td><td class=\"c xa3f y1b7c w31 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">Nomi<span class=\"_ _1\"></span>nl<span class=\"_ _1\"></span>e</div></td><td class=\"c xa40 y1b7c w32 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">bi<span class=\"_ _3\"></span>lan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3a xa41 h144 y1b7d ff2 fs79 fc1 sc0 ls0 ws0\">Annuale<span class=\"_ _3\"></span>  </td><td class=\"c x494 y1b7c w33 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">scadenz<span class=\"_ _3\"></span>a<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b7e w906 h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> Hold<span class=\"_ _1\"></span>ing S.p.<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa42 y1b7e w907 h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">XS<span class=\"_ _0\"></span>233<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>921<span class=\"_ _0\"></span>390<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa43 y1b7e w908 h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">M<span class=\"_ _1\"></span>TF<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa44 y1b7e w909 h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">BBB<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa45 y1b7e w90a h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">E<span class=\"_ _0\"></span>uro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa46 y1b7e w90b h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0.000<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa47 y1b7e w90c h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">301<span class=\"_ _0\"></span>.22<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3a x3bc h144 y1b7f ff2 fs79 fc1 sc0 ls0 ws0\">tasso f<span class=\"_ _0\"></span>isso </td><td class=\"t m3a x72c h144 y1b7f ff2 fs79 fc1 sc0 ls0 ws0\">22/0<span class=\"_ _0\"></span>4/202<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c xa49 y1b80 w35 h8a\"><div class=\"t m3a x3b h144 y400 ff2 fs79 fc1 sc0 ls0 ws0\">1,5%<span class=\"_ _4a1\"> </span></div></td><td></td></tr></table>In  mer<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  a  ulteriori  clausole  correlate  all\u2019indebit<span class=\"_ _1\"></span>amento  d<span class=\"_ _0\"></span>el  Gruppo<span class=\"_ _1\"></span>,  si  r<span class=\"_ _0\"></span>inv<span class=\"_ _1\"></span>ia  alla  \u201cRelazione  su<span class=\"_ _0\"></span>l governo <span class=\"_ _c\"> </span>societario <span class=\"_ _c\"> </span>e <span class=\"_ _16\"> </span>gli <span class=\"_ _c\"> </span>assetti <span class=\"_ _c\"> </span>pro<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>etari<span class=\"_ _1\"></span>\u201d <span class=\"_ _16\"> </span>- <span class=\"_ _c\"> </span>disp<span class=\"_ _1\"></span>onibile <span class=\"_ _c\"> </span>su<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>sito <span class=\"_ _211\"> </span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>net<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>della <span class=\"_ _c\"> </span>Societ\u00e0 <span class=\"_ _c\"> </span>(sezione Corporate Gover<span class=\"_ _1\"></span>nance)<span class=\"ff2\"> redatta sulla base <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> q<span class=\"_ _1\"></span>uanto p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>evisto dall\u2019art. <span class=\"_ _1\"></span>123-bis del TUF,<span class=\"_ _1\"></span> ai sensi del q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ale </span>gli <span class=\"_ _211\"> </span>emittenti  devono <span class=\"_ _211\"> </span>annualme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te  fornire  al <span class=\"_ _211\"> </span>mercato  una  serie  di <span class=\"_ _211\"> </span>informazioni,  d<span class=\"_ _0\"></span>etta<span class=\"_ _3\"></span>gliatamente individuate dalla n<span class=\"_ _1\"></span>orma in oggetto.<span class=\"_ _4a1\"> </span><span class=\"_ _3\"></span> Gestione liquidit\u00e0 azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ale: e<span class=\"_ _1\"></span>ccedenza ris<span class=\"_ _1\"></span>orse fina<span class=\"_ _1\"></span>nziarie  In materia di gest<span class=\"_ _3\"></span>ione d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a li<span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>uidit\u00e0 az<span class=\"_ _1\"></span>iendale, le s<span class=\"_ _3\"></span>ociet\u00e0 del Gruppo in<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>esto<span class=\"_ _1\"></span>no le eccedenze <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rse fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> in <span class=\"_ _3\"></span>(i) <span class=\"_ _1\"></span>OICR, <span class=\"_ _3\"></span>prevalentemente<span class=\"_ _3\"></span> in <span class=\"_ _3\"></span>OICVM <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>FIA<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>hiusi <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ise<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>vati <span class=\"_ _3\"></span>istituiti <span class=\"_ _3\"></span>e/o <span class=\"_ _3\"></span>gestiti da<span class=\"_ _3\"></span> so<span class=\"_ _1\"></span>ciet\u00e0 principalmente <span class=\"_ _0\"></span>appartenenti <span class=\"_ _b\"></span>al <span class=\"_ _0\"></span>Gruppo, <span class=\"_ _b\"></span>(ii) <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>em<span class=\"_ _1\"></span>issioni <span class=\"_ _0\"></span>governative <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>br<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>termine <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>Euro <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>(iii) <span class=\"_ _b\"></span>in depositi bancari e p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>stali a <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ista e i<span class=\"_ _1\"></span>n <span class=\"ff5\">t<span class=\"_ _0\"></span>ime d<span class=\"_ _1\"></span>eposi<span class=\"_ _1\"></span>t<span class=\"ff2\">. </span></span>I <span class=\"_ _c\"> </span>rischi <span class=\"_ _211\"> </span>finanziari <span class=\"_ _211\"> </span>del <span class=\"_ _c\"> </span>portafoglio  d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>prop<span class=\"_ _1\"></span>riet\u00e0 <span class=\"_ _c\"> </span>sono<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>gestiti <span class=\"_ _c\"> </span>attra<span class=\"_ _1\"></span>verso <span class=\"_ _211\"> </span>la <span class=\"_ _c\"> </span>definizione <span class=\"_ _211\"> </span>di <span class=\"_ _c\"> </span>limitazioni operative <span class=\"_ _6\"></span>finalizzate <span class=\"_ _6\"></span>alla <span class=\"_ _f\"> </span>mitigazio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>del <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ischio <span class=\"_ _5\"></span>che <span class=\"_ _f\"> </span>tale <span class=\"_ _6\"></span>portafoglio <span class=\"_ _6\"></span>pu\u00f2<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>assume<span class=\"_ _1\"></span>re. <span class=\"_ _f\"> </span>Tali <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>im<span class=\"_ _1\"></span>itazioni<span class=\"_ _4a1\"> </span>sono <span class=\"_ _b\"></span>espresse <span class=\"_ _0\"></span>(i)<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>termini <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>tipologie <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>investimenti <span class=\"_ _0\"></span>amm<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>(ii) <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>termini <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>ammontare <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>(iii) <span class=\"_ _b\"></span>in termini di limite mass<span class=\"_ _1\"></span>imo di risc<span class=\"_ _1\"></span>hio (identificato <span class=\"_ _1\"></span>come volatilit\u00e0) c<span class=\"_ _1\"></span>he pu\u00f2 essere assunt<span class=\"_ _1\"></span>o. I <span class=\"_ _1f\"> </span>C<span class=\"_ _0\"></span>onsigli <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>Ammi<span class=\"_ _1\"></span>nistrazione <span class=\"_ _1f\"> </span>delle <span class=\"_ _15\"> </span>societ\u00e0 <span class=\"_ _1f\"> </span>del <span class=\"_ _1f\"> </span>Gr<span class=\"_ _0\"></span>uppo <span class=\"_ _16\"> </span>del<span class=\"_ _0\"></span>ibe<span class=\"_ _1\"></span>rano <span class=\"_ _1f\"> </span>annualmente <span class=\"_ _1f\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>mer<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>alle caratteristiche <span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ai <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>iti <span class=\"_ _0\"></span>operativi <span class=\"_ _b\"></span>riguardanti <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>vest<span class=\"_ _1\"></span>imenti <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>strumenti <span class=\"_ _0\"></span>finanziari <span class=\"_ _b\"></span>ed <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>de<span class=\"_ _0\"></span>pos<span class=\"_ _1\"></span>iti bancari e/o postali.<span class=\"_ _1\"></span> L\u2019attivit\u00e0 di cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollo \u00e8 sv<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lta da<span class=\"_ _1\"></span>lle funzioni di Risk Ma<span class=\"_ _1\"></span>nagement prep<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ste.<span class=\"_ _1\"></span> L\u2019investimento  in  OICVM  \u00e8  rappresentato  da  prodotti  istituiti  e/o  gestiti  dal  Gruppo,  selezionati<span class=\"_ _3\"></span> secondo <span class=\"_ _17\"> </span>gli <span class=\"_ _18\"> </span>obiettivi <span class=\"_ _17\"> </span>di <span class=\"_ _18\"> </span>rendiment<span class=\"_ _1\"></span>o <span class=\"_ _18\"> </span>ed <span class=\"_ _17\"> </span>i<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>limiti <span class=\"_ _17\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>r<span class=\"_ _0\"></span>isc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>io <span class=\"_ _17\"> </span>stabiliti <span class=\"_ _17\"> </span>dai <span class=\"_ _18\"> </span>rispettivi <span class=\"_ _17\"> </span>Consigli <span class=\"_ _17\"> </span>di Amministrazione. Tale <span class=\"_ _0\"></span>tipo<span class=\"_ _3\"></span>logi<span class=\"_ _0\"></span>a di investimento<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>\u00e8 caratterizzata da <span class=\"_ _0\"></span>un elevato livello d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>liquidit\u00e0 e d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> ridotto risc<span class=\"_ _1\"></span>hio di<span class=\"_ _1\"></span>retto di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>dito, in q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>anto <span class=\"_ _3\"></span>gli<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>OICVM <span class=\"_ _3\"></span>detenu<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>hanno <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n p<span class=\"_ _1\"></span>roprio <span class=\"_ _1\"></span>patrimonio <span class=\"_ _1\"></span>separato. I <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ischi <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>derivan<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>questa <span class=\"_ _5\"></span>tipolog<span class=\"_ _0\"></span>ia <span class=\"_ _b\"></span>di <span class=\"_ _6\"></span>investimento <span class=\"_ _5\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>riconducibili <span class=\"_ _5\"></span>essen<span class=\"_ _0\"></span>zia<span class=\"_ _3\"></span>lmen<span class=\"_ _0\"></span>te <span class=\"_ _6\"></span>al rischio <span class=\"_ _16\"> </span>di <span class=\"_ _c\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _c\"> </span>investimenti <span class=\"_ _c\"> </span>effettuati, <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>he <span class=\"_ _c\"> </span>risulta <span class=\"_ _c\"> </span>co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>unque <span class=\"_ _c\"> </span>com<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>tibile <span class=\"_ _c\"> </span>con <span class=\"_ _16\"> </span>il <span class=\"_ _c\"> </span>profi<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>o prudente che caratterizza<span class=\"_ _1\"></span> la strategia d<span class=\"_ _1\"></span>i investimento della <span class=\"_ _1\"></span>liquidit\u00e0 aziendale<span class=\"_ _1\"></span> del Gruppo.<span class=\"_ _1\"></span> I <span class=\"_ _3\"></span>rischi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>deri<span class=\"_ _1\"></span>vanti dal<span class=\"_ _3\"></span>l\u2019inv<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>imen<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>OICVM <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>mo<span class=\"_ _0\"></span>nito<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>mediante <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>verifica <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>ri<span class=\"_ _0\"></span>spet<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>limiti deliberati <span class=\"_ _0\"></span>dai<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rispettivi Consigli di <span class=\"_ _0\"></span>Ammin<span class=\"_ _1\"></span>istrazione. In <span class=\"_ _0\"></span>partic<span class=\"_ _1\"></span>olare, <span class=\"_ _0\"></span>i limiti di <span class=\"_ _0\"></span>risc<span class=\"_ _1\"></span>hio <span class=\"_ _0\"></span>stabi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>iti in <span class=\"_ _0\"></span>term<span class=\"_ _1\"></span>ini di <span class=\"_ _b\"></span>volatilit\u00e0 <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>monitorati <span class=\"_ _0\"></span>con <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>modello <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>rischi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>press<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>llata <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>SGR.<span class=\"_ _1\"></span> Per <span class=\"_ _f\"> </span>q<span class=\"_ _1\"></span>uanto <span class=\"_ _6\"></span>sopra, <span class=\"_ _6\"></span>unitamente <span class=\"_ _f\"> </span>al<span class=\"_ _3\"></span>la <span class=\"_ _f\"> </span>nat<span class=\"_ _1\"></span>ura <span class=\"_ _6\"></span>diversificata <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>investimenti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>O<span class=\"_ _0\"></span>I<span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>VM, <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>non ritiene rappresentati<span class=\"_ _1\"></span>va l\u2019analisi di se<span class=\"_ _1\"></span>nsitivit\u00e0 rispett<span class=\"_ _3\"></span>o ai rischi di mercato a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ui \u00e8 esp<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>sta.<span class=\"_ _3\"></span> Gli <span class=\"_ _1\"></span>investiment<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>emissioni <span class=\"_ _3\"></span>governative <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>rappresentati <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>titoli <span class=\"_ _3\"></span>em<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>si dal<span class=\"_ _3\"></span>lo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Stato <span class=\"_ _3\"></span>italia<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o (BOT) <span class=\"_ _c\"> </span>con <span class=\"_ _211\"> </span>dur<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>on <span class=\"_ _c\"> </span>massima <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>12  m<span class=\"_ _0\"></span>esi.<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>I <span class=\"_ _211\"> </span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chi <span class=\"_ _c\"> </span>derivanti <span class=\"_ _c\"> </span>da <span class=\"_ _211\"> </span>tale <span class=\"_ _c\"> </span>investimento <span class=\"_ _211\"> </span>sono <span class=\"_ _211\"> </span>monitorati mediante <span class=\"_ _0\"></span>la verifica <span class=\"_ _0\"></span>del rispetto <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>limiti deliberati dal <span class=\"_ _0\"></span>Consiglio di <span class=\"_ _0\"></span>Amminist<span class=\"_ _1\"></span>razione. <span class=\"_ _0\"></span>In <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>rticolare, i limiti <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>isc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>io <span class=\"_ _0\"></span>stabiliti <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>termini <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>volatilit\u00e0 <span class=\"_ _0\"></span>sono <span class=\"_ _b\"></span>monitorati <span class=\"_ _0\"></span>anch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>questo <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>con <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>modello <span class=\"_ _0\"></span>di rischio in uso presso A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>.  Il Gr<span class=\"_ _1\"></span>uppo pu\u00f2 i<span class=\"_ _3\"></span>noltre invest<span class=\"_ _1\"></span>ire <span class=\"_ _1\"></span>nei FIA <span class=\"_ _3\"></span>chiusi imm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>biliari <span class=\"_ _3\"></span>riservati ist<span class=\"_ _1\"></span>ituiti <span class=\"_ _1\"></span>e/o <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>estiti <span class=\"_ _1\"></span>prin<span class=\"_ _1\"></span>cipalmen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>da societ\u00e0 <span class=\"_ _1\"></span>appa<span class=\"_ _1\"></span>rtenenti al Gr<span class=\"_ _1\"></span>uppo. Viste <span class=\"_ _3\"></span>le caratteristi<span class=\"_ _1\"></span>che,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>specialmente <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>termini <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>illiquidit\u00e0, d<span class=\"_ _1\"></span>i questa<span class=\"_ _3\"></span> tipologia <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _1f\"> </span>investime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti, <span class=\"_ _16\"> </span>l\u2019<span class=\"_ _0\"></span>amm<span class=\"_ _1\"></span>ontare <span class=\"_ _1f\"> </span>ad <span class=\"_ _1f\"> </span>essi <span class=\"_ _1f\"> </span>destinato <span class=\"_ _16\"> </span>v<span class=\"_ _0\"></span>ie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>autorizzato <span class=\"_ _16\"> </span>specificatamente <span class=\"_ _16\"> </span>dai rispettivi Consigli d<span class=\"_ _1\"></span>i Amministrazio<span class=\"_ _1\"></span>ne. Dal punto di <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ista del<span class=\"_ _1\"></span>la liquidit\u00e0, tale tipo<span class=\"_ _1\"></span>logia di investimenti \u00e8 caratterizzata <span class=\"_ _0\"></span>infatti d<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>un orizzon<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>temporale <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>lun<span class=\"_ _1\"></span>go <span class=\"_ _0\"></span>periodo, <span class=\"_ _0\"></span>senza <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>possib<span class=\"_ _1\"></span>ilit\u00e0 <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>richiedere<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>un rimborso <span class=\"_ _6\"></span>anticipato <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>scadenza <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>fondo<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>Nell\u2019ambito<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ischio <span class=\"_ _5\"></span>di <span class=\"_ _f\"></span>me<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cato, <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>questi<span class=\"_ _1\"></span> strumenti <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presenta <span class=\"_ _16\"> </span>un <span class=\"_ _16\"> </span>element<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>mitigante <span class=\"_ _16\"> </span>l\u2019<span class=\"_ _3\"></span>esposizione <span class=\"_ _16\"> </span>minoritaria <span class=\"_ _c\"> </span>a <span class=\"_ _16\"> </span>inv<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>enti <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>natura azionaria <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>la strategia <span class=\"_ _0\"></span>di investimento <span class=\"_ _0\"></span>di lungo <span class=\"_ _0\"></span>periodo, che <span class=\"_ _0\"></span>viene <span class=\"_ _0\"></span>riflessa anche <span class=\"_ _0\"></span>nella v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>rizzazione dei <span class=\"_ _b\"></span>sottostanti. <span class=\"_ _0\"></span>Pu\u00f2 <span class=\"_ _b\"></span>essere <span class=\"_ _b\"></span>rileva<span class=\"_ _1\"></span>nte <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>presenza <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>rischio <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>credito <span class=\"_ _b\"></span>nei <span class=\"_ _0\"></span>confronti <span class=\"_ _b\"></span>delle <span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> vengono <span class=\"_ _3\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziate <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>questi <span class=\"_ _3\"></span>strumenti <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>estime<span class=\"_ _1\"></span>nto:<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>mitigazione <span class=\"_ _3\"></span>avviene <span class=\"_ _3\"></span>principalmente <span class=\"_ _3\"></span>tramite<span class=\"_ _1\"></span> tecniche di diversifi<span class=\"_ _1\"></span>cazione implementate <span class=\"_ _3\"></span>dal g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ore dei<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>FIA e un\u2019attenta fase di a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>alisi p<span class=\"_ _1\"></span>reventiva. Infine, <span class=\"_ _6\"></span>gli <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>nv<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>imenti <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _6\"></span>depositi <span class=\"_ _6\"></span>b<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>postali <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>time <span class=\"_ _5\"></span>deposit <span class=\"_ _6\"></span>(questi <span class=\"_ _6\"></span>ul<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>sott<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>scri<span class=\"_ _1\"></span>vili <span class=\"_ _6\"></span>con scadenza n<span class=\"_ _1\"></span>on superiore<span class=\"_ _3\"></span> a 12 mesi) s<span class=\"_ _3\"></span>ono, per loro<span class=\"_ _1\"></span> natura, ca<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atte<span class=\"_ _1\"></span>rizzati da u<span class=\"_ _1\"></span>n elevat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> livel<span class=\"_ _1\"></span>lo di l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uidit\u00e0 e <span class=\"_ _b\"></span>assenza <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>rischio <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cato. <span class=\"_ _b\"></span>I <span class=\"_ _5\"></span>rischi <span class=\"_ _b\"></span>finanziari <span class=\"_ _5\"></span>derivanti <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>qu<span class=\"_ _0\"></span>esta <span class=\"_ _b\"></span>tipologia <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>investiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>sono sostanzialmente <span class=\"_ _f\"> </span>ricon<span class=\"_ _1\"></span>ducibili <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>rischio <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>dito <span class=\"_ _6\"></span>e  son<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>golar<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _f\"> </span>m<span class=\"_ _1\"></span>onitorati <span class=\"_ _f\"> </span>nonch\u00e9 <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span>gati anch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> tr<span class=\"_ _0\"></span>amite <span class=\"_ _3\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>iti finalizza<span class=\"_ _1\"></span>ti al frazionament<span class=\"_ _1\"></span>o del rischio. Attivit\u00e0 finanzia<span class=\"_ _1\"></span>rie valutate al fair value<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>con <span class=\"_ _1\"></span>impatto sulla reddit<span class=\"_ _1\"></span>ivit\u00e0 complessi<span class=\"_ _1\"></span>va Si <span class=\"_ _b\"></span>seg<span class=\"_ _0\"></span>nala <span class=\"_ _b\"></span>che <span class=\"_ _5\"></span>la <span class=\"_ _5\"></span>Societ\u00e0 <span class=\"_ _b\"></span>h<span class=\"_ _0\"></span>a <span class=\"_ _b\"></span>inoltre <span class=\"_ _b\"></span>acquisito <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>\u00b0 <span class=\"_ _b\"></span>50<span class=\"_ _1\"></span>.290.691 <span class=\"_ _5\"></span>azioni <span class=\"_ _b\"></span>ordin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ie <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>BMPS, <span class=\"_ _b\"></span>per <span class=\"_ _b\"></span>u<span class=\"_ _0\"></span>n <span class=\"_ _b\"></span>valore<span class=\"_ _0\"></span> com<span class=\"_ _0\"></span>ple<span class=\"_ _3\"></span>ssivo <span class=\"_ _1\"></span>al <span class=\"_ _3\"></span>31<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>dic<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>mbre <span class=\"_ _3\"></span>2024 <span class=\"_ _1\"></span>pari <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>E<span class=\"_ _0\"></span>u<span class=\"_ _1\"></span>ro<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>342<span class=\"_ _1\"></span>,3 <span class=\"_ _3\"></span>milioni, <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>i) <span class=\"_ _3\"></span>aderendo <span class=\"_ _3\"></span>nell\u2019ottobre <span class=\"_ _3\"></span>2022, <span class=\"_ _3\"></span>all\u2019aument<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> di <span class=\"_ _0\"></span>capitale del<span class=\"_ _0\"></span>la banca <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>la sottoscrizione <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>n\u00b0 12,5<span class=\"_ _0\"></span> milioni <span class=\"_ _0\"></span>di azioni <span class=\"_ _0\"></span>ordinarie d<span class=\"_ _0\"></span>i nuova <span class=\"_ _0\"></span>emissio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>e (ii)  c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n <span class=\"_ _f\"> </span>l\u2019acquist<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>avv<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>i<span class=\"_ _0\"></span>n <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _3\"></span>  13 <span class=\"_ _f\"> </span>novembre <span class=\"_ _f\"></span>2024 <span class=\"_ _f\"> </span>dal <span class=\"_ _f\"> </span>MEF <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>n\u00b0 <span class=\"_ _f\"> </span>37<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>790.691 <span class=\"_ _f\"> </span>azioni <span class=\"_ _f\"> </span>ordinarie nell\u2019ambito <span class=\"_ _5\"></span>dell<span class=\"_ _0\"></span>a <span class=\"_ _5\"></span>procedura <span class=\"_ _5\"></span>accelerata <span class=\"_ _5\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _5\"></span>raccolta <span class=\"_ _5\"></span>o<span class=\"_ _0\"></span>rdini <span class=\"_ _5\"></span>riservata <span class=\"_ _6\"></span>a <span class=\"_ _5\"></span>in<span class=\"_ _0\"></span>vest<span class=\"_ _1\"></span>itori <span class=\"_ _6\"></span>qualificati <span class=\"_ _5\"></span>in <span class=\"_ _6\"></span>Italia <span class=\"_ _6\"></span>e investitori <span class=\"_ _19\"> </span>i<span class=\"_ _0\"></span>stit<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>zio<span class=\"_ _1\"></span>nali <span class=\"_ _1b\"> </span>esteri <span class=\"_ _19\"> </span>(si <span class=\"_ _1b\"> </span>rin<span class=\"_ _1\"></span>via <span class=\"_ _1b\"> </span>al <span class=\"_ _1b\"> </span>paragrafo <span class=\"_ _19\"> </span>\u201c<span class=\"_ _0\"></span>Fatt<span class=\"_ _1\"></span>i <span class=\"_ _19\"> </span>di <span class=\"_ _1b\"> </span>rilievo <span class=\"_ _1b\"> </span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>venuti <span class=\"_ _19\"> </span>nell\u2019esercizio <span class=\"_ _1b\"> </span>- Acquisizione del 3%<span class=\"_ _1\"></span> del capitale Banca Mo<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te de<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> P<span class=\"_ _3\"></span>asc<span class=\"_ _0\"></span>hi\u201d della<span class=\"_ _1\"></span> Relazione sulla gesti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne). <span class=\"_ _3\"></span> I ti<span class=\"_ _0\"></span>toli <span class=\"_ _0\"></span>azi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i di <span class=\"_ _0\"></span>BMPS sono stati <span class=\"_ _0\"></span>classificati conta<span class=\"_ _3\"></span>b<span class=\"_ _0\"></span>ilmente tra <span class=\"_ _0\"></span>le \u201cAttivit\u00e0 finanziarie v<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>utate <span class=\"_ _0\"></span>al fair value <span class=\"_ _b\"></span>con <span class=\"_ _0\"></span>impatto <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>la <span class=\"_ _b\"></span>redditivit\u00e0 <span class=\"_ _0\"></span>complessiva\u201d,<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>voce <span class=\"_ _0\"></span>che <span class=\"_ _b\"></span>accoglie <span class=\"_ _0\"></span>gl<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>strume<span class=\"_ _1\"></span>nti <span class=\"_ _b\"></span>finanziari <span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tati <span class=\"_ _0\"></span>al fair value con la rilevazione delle va<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iazioni dello ste<span class=\"_ _1\"></span>sso in<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>una specifica riserva di patri<span class=\"_ _1\"></span>monio netto, in base <span class=\"_ _c\"> </span>alle <span class=\"_ _c\"> </span>previsioni <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>onten<span class=\"_ _1\"></span>ute <span class=\"_ _c\"> </span>nell\u2019IFRS <span class=\"_ _211\"> </span>9<span class=\"_ _0\"></span>. <span class=\"_ _211\"> </span>Tale <span class=\"_ _c\"> </span>trattamento <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>ontabile <span class=\"_ _211\"> </span>\u00e8 <span class=\"_ _c\"> </span>coerente <span class=\"_ _c\"> </span>con <span class=\"_ _c\"> </span>la <span class=\"_ _211\"> </span>f<span class=\"_ _0\"></span>inalit\u00e0 dell\u2019investimento, <span class=\"_ _f\"> </span>in <span class=\"_ _f\"> </span>quanto  ta<span class=\"_ _1\"></span>li <span class=\"_ _f\"> </span>azioni <span class=\"_ _f\"> </span>non  s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>no <span class=\"_ _f\"> </span>detenute <span class=\"_ _f\"> </span>per <span class=\"_ _f\"> </span>finalit\u00e0 <span class=\"_ _f\"> </span>di  ne<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>oziazi<span class=\"_ _1\"></span>one  e <span class=\"_ _f\"></span>non <span class=\"_ _f\"> </span>sono qualificabili <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>controllo <span class=\"_ _0\"></span>esclusivo, <span class=\"_ _0\"></span>colle<span class=\"_ _1\"></span>gamento <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>controllo <span class=\"_ _0\"></span>congiunto. <span class=\"_ _0\"></span>La <span class=\"_ _0\"></span>finalit\u00e0 <span class=\"_ _0\"></span>dell\u2019investi<span class=\"_ _1\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o <span class=\"_ _b\"></span>\u00e8 stata definita dal <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>onsigli<span class=\"_ _1\"></span>o di Amministrazio<span class=\"_ _1\"></span>ne della<span class=\"_ _1\"></span> Societ\u00e0. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-48": {
   "value": "3.1 Rischi finanz<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ari L'informativa \u00e8 prevista <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>all'a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>t. 242<span class=\"_ _1\"></span>8 C.C. e dai principi c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntabili IAS 3<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span> e IFRS <span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span> I rischi finanzia<span class=\"_ _1\"></span>ri comprendono:<span class=\"_ _3\"></span> <span class=\"_ _1bb\"> </span><span class=\"ff2\">il <span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>chio<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>liquidit\u00e0, c<span class=\"_ _0\"></span>onnesso <span class=\"_ _0\"></span>alla <span class=\"_ _0\"></span>diffi<span class=\"_ _1\"></span>col<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>smobilizzare <span class=\"_ _0\"></span>un\u2019attivit\u00e0 <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>tempi <span class=\"_ _0\"></span>rapidi <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>un<span class=\"_ _4a1\"> </span></span>prezzo  d<span class=\"_ _3\"></span>i  mer<span class=\"_ _1\"></span>cato,  o<span class=\"_ _3\"></span>vvero <span class=\"_ _f\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>accedere <span class=\"_ _f\"> </span>tempesti<span class=\"_ _1\"></span>vamente <span class=\"_ _f\"> </span>alle <span class=\"_ _f\"> </span>risorse <span class=\"_ _f\"> </span>finan<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>iarie  ne<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>essar<span class=\"_ _1\"></span>ie<span class=\"_ _4a1\"> </span>all\u2019azienda a costi so<span class=\"_ _1\"></span>stenibili;<span class=\"_ _4a1\"> </span><span class=\"_ _1bb\"> </span><span class=\"ff2\">il <span class=\"_ _15\"> </span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chio <span class=\"_ _15\"> </span>di <span class=\"_ _d\"> </span>credito, <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>io\u00e8 <span class=\"_ _1f\"> </span>i<span class=\"_ _0\"></span>l <span class=\"_ _15\"> </span>rischio <span class=\"_ _15\"> </span>di <span class=\"_ _d\"> </span>incorre<span class=\"_ _1\"></span>re <span class=\"_ _15\"> </span>in <span class=\"_ _d\"> </span>perdite <span class=\"_ _d\"> </span>a <span class=\"_ _1f\"> </span>c<span class=\"_ _0\"></span>ausa <span class=\"_ _1f\"> </span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019inadempienza<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>o<span class=\"_ _4a1\"> </span></span>dell\u2019insolvenza del<span class=\"_ _1\"></span>la controparte; <span class=\"_ _1bb\"> </span><span class=\"ff2\">il rischio di mer<span class=\"_ _1\"></span>cato, legato ad oscillaz<span class=\"_ _1\"></span>ioni del valore di attivit\u00e0/pa<span class=\"_ _1\"></span>ssivit\u00e0 a seg<span class=\"_ _1\"></span>uito di variazioni </span>delle condizioni d<span class=\"_ _1\"></span>i mercato (prezzo<span class=\"_ _1\"></span>, tasso, cambio, commodit<span class=\"_ _3\"></span>y<span class=\"_ _0\"></span>).<span class=\"_ _4a1\"> </span>Il <span class=\"_ _19\"> </span>Gruppo <span class=\"_ _19\"> </span>\u00e8 <span class=\"_ _19\"> </span>esposto <span class=\"_ _19\"> </span>a <span class=\"_ _19\"> </span>tutti <span class=\"_ _19\"> </span>i <span class=\"_ _19\"> </span>tre <span class=\"_ _19\"> </span>rischi <span class=\"_ _19\"> </span>sopra <span class=\"_ _e\"> </span>menzionati. <span class=\"_ _1b\"> </span>I<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>particolar<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>, <span class=\"_ _19\"> </span>tale <span class=\"_ _19\"> </span>esposizione <span class=\"_ _19\"> </span>\u00e8 essenzialmente <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>conducibile <span class=\"_ _b\"></span>alla <span class=\"_ _b\"></span>gestione <span class=\"_ _b\"></span>della <span class=\"_ _b\"></span>liq<span class=\"_ _1\"></span>uidi<span class=\"_ _0\"></span>t\u00e0 <span class=\"_ _0\"></span>delle <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>Gruppo, <span class=\"_ _b\"></span>sia <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>relazion<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>al rimborso <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span>l\u2019indebitament<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>sottoscritto<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>alla<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _0\"></span>(prestito <span class=\"_ _b\"></span>obbligazi<span class=\"_ _1\"></span>onario), <span class=\"_ _b\"></span>sia <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>elazio<span class=\"_ _1\"></span>ne <span class=\"_ _b\"></span>alle eccedenze <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>riso<span class=\"_ _1\"></span>rse <span class=\"_ _c\"> </span>finanziarie <span class=\"_ _c\"> </span>rispetto <span class=\"_ _c\"> </span>ai <span class=\"_ _c\"> </span>fabb<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>so<span class=\"_ _0\"></span>gni <span class=\"_ _c\"> </span>attesi <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>liquidit\u00e0 <span class=\"_ _c\"> </span>generati <span class=\"_ _c\"> </span>dall\u2019operativit\u00e0<span class=\"_ _1\"></span> ordinaria, ovver<span class=\"_ _1\"></span>o il<span class=\"_ _0\"></span> p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>taf<span class=\"_ _1\"></span>oglio di prop<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iet\u00e0 del Gr<span class=\"_ _1\"></span>upp<span class=\"_ _1\"></span>o.  Gestione liquidit\u00e0 azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ale: <span class=\"_ _1\"></span>indebitamento Al 31 dicembre 202<span class=\"_ _1\"></span>4 il Gruppo prese<span class=\"_ _1\"></span>nta la segue<span class=\"_ _1\"></span>nte stru<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>ur<span class=\"_ _0\"></span>a de<span class=\"_ _1\"></span>bitoria: <table class=\"s w8ee h3cb\" id=\"_42700b2d-4b51-471a-b52b-79e00d6692e7\"><tr><td></td><td></td><td class=\"t m23 xa1b h9e y1b5e ff3 fs35 fc1 sc0 ls0 ws0\">Espo<span class=\"_ _3\"></span>sizi<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>e debi<span class=\"_ _1\"></span>toria<span class=\"_ _3\"></span> </td></tr><tr><td class=\"c n xa1c y1b5f w8ef h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">Tip<span class=\"_ _3\"></span>ol<span class=\"_ _1\"></span>og<span class=\"_ _1\"></span>ia<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa1d y1b5f w8f0 h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">Valo<span class=\"_ _3\"></span>re N<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>mi<span class=\"_ _1\"></span>na<span class=\"_ _3\"></span>le<span class=\"_ _4a1\"> </span></div></td><td class=\"c xa1e y1b60 w1d h140\"><div class=\"t m23 x3b h9e y96e ff3 fs35 fc1 sc0 ls0 ws0\">al<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>      </div></td></tr><tr><td></td><td></td><td class=\"t m23 xa1f h9e y1b61 ff3 fs35 fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1b62 w8f1 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">Prest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o Obblig<span class=\"_ _1\"></span>aziona<span class=\"_ _1\"></span>rio 20<span class=\"_ _0\"></span>26<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa20 y1b62 w8f2 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>3.9<span class=\"_ _0\"></span>78<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa21 y1b62 w8f2 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>.987<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b63 w8f1 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">Prest<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o Obblig<span class=\"_ _1\"></span>aziona<span class=\"_ _1\"></span>rio 20<span class=\"_ _0\"></span>28<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa20 y1b63 w8f2 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">30<span class=\"_ _0\"></span>0.0<span class=\"_ _0\"></span>00<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa21 y1b63 w8f2 h369\"><div class=\"t m23 x17f h9f y1890 ff2 fs35 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>01<span class=\"_ _0\"></span>.227<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w8f3 h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> in<span class=\"_ _1\"></span>debi<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>ento<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa22 y16d8 w8f4 h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">58<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>78<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa23 y16d8 w8f4 h369\"><div class=\"t m23 x17f h9e y182a ff3 fs35 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>85<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>14<span class=\"_ _4a1\"> </span></div></td></tr></table>Il profilo di sca<span class=\"_ _1\"></span>denza della struttu<span class=\"_ _1\"></span>ra nominale debit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ria ris<span class=\"_ _1\"></span>ulta essere:<table class=\"s w8f5 h3cc\" id=\"_4f4fefdf-552f-4b04-bcde-e6849e553cbf\"><tr><td></td><td class=\"t m3c xa24 h141 y1b64 ff3 fs78 fc1 sc0 ls0 ws0\">Prestito </td><td class=\"t m3c xa25 h141 y1b65 ff3 fs78 fc1 sc0 ls0 wsb\">Prestito <span class=\"ff29 ws0\"> </span></td><td></td></tr><tr><td class=\"t m3b xa26 h141 y1b66 ff3 fs78 fc1 sc0 ls0 ws0\">Sc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>nz<span class=\"_ _3\"></span>a<span class=\"_ _4a1\"> </span></td><td class=\"t m3c xa27 h141 y1b66 ff3 fs78 fc1 sc0 ls0 ws0\">Obbligazionario<span class=\"_ _4a1\"> </span></td><td class=\"t m3c xa28 h141 y1b67 ff3 fs78 fc1 sc0 ls0 ws0\">Obbligazionario<span class=\"_ _4a1\"> </span></td><td class=\"t m3b xa29 h141 y1b66 ff3 fs78 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1b69 w8f6 h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">infe<span class=\"_ _1\"></span>riore<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>a 6 mesi<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3c xa2a h141 y1b6a ff3 fs78 fc1 sc0 ls0 ws0\">2026<span class=\"_ _4a1\"> </span></td><td class=\"t m3c xa2b h141 y1b6b ff3 fs78 fc1 sc0 ls0 ws0\">2028<span class=\"_ _4a1\"> </span></td><td class=\"c n xa2c y1b69 w8f7 h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b6c w8f8 h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">infe<span class=\"_ _1\"></span>riore<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>a 1 anno<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n xa2d y1b6c w8f7 h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b6d w8f9 h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">tra 1 e 3 anni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa2e y1b6d w8fa h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>3.97<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa2f y1b6d w8fb h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>.97<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b6e w8f9 h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">tra 3 e 5 anni<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa30 y1b6e w8fc h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">30<span class=\"_ _0\"></span>0.000<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa31 y1b6e w8fb h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>000<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y171c w8fd h344\"><div class=\"t m3b x17f h141 y1b68 ff2 fs78 fc1 sc0 ls0 ws0\">olt<span class=\"_ _3\"></span>re 5 anni<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n xa32 y171c w8fe h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w8ff h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">Total<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa33 y16d8 w8fb h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">28<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.9<span class=\"_ _0\"></span>78<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa34 y16d8 w900 h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">30<span class=\"_ _0\"></span>0.<span class=\"_ _0\"></span>000<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa35 y16d8 w8fb h340\"><div class=\"t m3b x17f h141 y1b68 ff3 fs78 fc1 sc0 ls0 ws0\">5<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>978<span class=\"_ _4a1\"> </span></div></td></tr></table>Il <span class=\"_ _b\"></span>Prestito<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Obbligazionari<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>026<span class=\"_ _3\"></span> <span class=\"_ _5\"></span>non <span class=\"_ _0\"></span>convertibile <span class=\"_ _b\"></span><span class=\"ff5\">se<span class=\"_ _1\"></span>nior <span class=\"_ _0\"></span>unsecured<span class=\"ff2\"> <span class=\"_ _b\"></span>\u00e8 <span class=\"_ _b\"></span>stato<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>emesso <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>data <span class=\"_ _0\"></span>23 <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>tto<span class=\"_ _1\"></span>bre </span></span>2019, per un nominale di Euro 300 milioni con scad<span class=\"_ _1\"></span>enza a 7 anni.<span class=\"_ _0\"></span> Le <span class=\"_ _1\"></span>obbligazioni sono state emesse al prezzo <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>99,459%, <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>tass<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>interesse <span class=\"_ _0\"></span>fisso annuo <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>riferimento <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>1,75%<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>(cfr. <span class=\"_ _0\"></span>comunicato<span class=\"_ _4a1\"> </span>stampa del <span class=\"_ _0\"></span>17 <span class=\"_ _0\"></span>ottobre <span class=\"_ _0\"></span>2019). L\u2019<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>iss<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>one obbligazionaria ha <span class=\"_ _0\"></span>comportato un<span class=\"_ _0\"></span> incasso <span class=\"_ _0\"></span>netto <span class=\"_ _0\"></span>pe<span class=\"_ _1\"></span>r <span class=\"_ _0\"></span>Anima Holding di circa E<span class=\"_ _1\"></span>uro 298,38 milio<span class=\"_ _1\"></span>ni. Si <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>icorda <span class=\"_ _6\"></span>che <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _5\"></span>d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>10 <span class=\"_ _6\"></span>giugno <span class=\"_ _f\"> </span>2020 <span class=\"_ _6\"></span>\u00e8 <span class=\"_ _f\"> </span>a<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>venut<span class=\"_ _1\"></span>o <span class=\"_ _6\"></span>il <span class=\"_ _f\"> </span>regolamento <span class=\"_ _6\"></span>dell\u2019offerta <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>riacquist<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>parziale avente <span class=\"_ _0\"></span>ad <span class=\"_ _0\"></span>oggetto <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>obbligazioni <span class=\"_ _0\"></span>emesse<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>dalla <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>un <span class=\"_ _0\"></span>importo <span class=\"_ _0\"></span>nominale c<span class=\"_ _0\"></span>omp<span class=\"_ _1\"></span>lessivo <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Euro 16,02 milioni.<span class=\"_ _1\"></span> Al <span class=\"_ _3\"></span>31 <span class=\"_ _3\"></span>dicembre <span class=\"_ _3\"></span>2024, <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>valore <span class=\"_ _3\"></span>nominale <span class=\"_ _8\"></span>residuo <span class=\"_ _3\"></span>del <span class=\"_ _8\"></span>Pr<span class=\"_ _0\"></span>estito <span class=\"_ _8\"></span>O<span class=\"_ _0\"></span>bbli<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>azio<span class=\"_ _1\"></span>nario <span class=\"_ _3\"></span>2026 <span class=\"_ _3\"></span>\u00e8 <span class=\"_ _1\"></span>par<span class=\"_ _1\"></span>i <span class=\"_ _3\"></span>a <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>283,98 milioni. Il <span class=\"_ _1f\"> </span>Pr<span class=\"_ _0\"></span>estito <span class=\"_ _16\"> </span>Obbligazionario <span class=\"_ _1f\"> </span>2026 <span class=\"_ _15\"> </span>\u00e8 <span class=\"_ _1f\"> </span>stato <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>ise<span class=\"_ _3\"></span>rvato <span class=\"_ _15\"> </span>a <span class=\"_ _1f\"> </span>i<span class=\"_ _0\"></span>nvestito<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _1f\"> </span>qualificati <span class=\"_ _1f\"> </span>in <span class=\"_ _15\"> </span>Italia <span class=\"_ _1f\"> </span>e <span class=\"_ _15\"> </span>all\u2019ester<span class=\"_ _1\"></span>o, escludendo  gli  Stati <span class=\"_ _211\"> </span>Uniti  d'America  ed <span class=\"_ _211\"> </span>altri <span class=\"_ _211\"> </span>pae<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>  selezionati.  La  quotazione  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>obbligazioni<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>\u00e8 avvenuta sul si<span class=\"_ _0\"></span>stema<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>multilate<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ale di negoziazione, come definit<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>ai sensi della Direttiva 2014/65/UE<span class=\"_ _1\"></span> (multilateral  tradi<span class=\"_ _1\"></span>ng  facility,  o  MTF),  de<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ominato<span class=\"_ _1\"></span>  \u201cGlobal  Exchange  Market\u201d<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>  gestito <span class=\"_ _f\"> </span>da  Euronext Dublin. Alle obbli<span class=\"_ _1\"></span>gazioni \u00e8 attualmente asse<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>nat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> un rati<span class=\"_ _1\"></span>ng <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>ri a BBB da pa<span class=\"_ _1\"></span>rte di Fitc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span> Ratings Ltd..<span class=\"_ _3\"></span> Nella tabella seg<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ente si riass<span class=\"_ _1\"></span>umono le p<span class=\"_ _1\"></span>rincipali caratt<span class=\"_ _1\"></span>eristiche dello st<span class=\"_ _1\"></span>rum<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span>: <table class=\"s w901 h3cd\" id=\"_ca102f0f-41e8-4e9a-b3b9-57df18cf8206\"><tr><td class=\"c n xa36 y1b70 w902 h359\"><div class=\"t m3a x17f h143 y1b6f ff3 fs79 fc1 sc0 ls0 ws0\">Em<span class=\"_ _1\"></span>ittente<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa37 y1b70 w903 h359\"><div class=\"t m3a x17f h143 y1b6f ff3 fs79 fc1 sc0 ls0 ws0\">Cod<span class=\"_ _3\"></span>ice<span class=\"_ _0\"></span> ISIN</div></td><td class=\"t m3a x496 h143 y1b71 ff3 fs79 fc1 sc0 ls0 ws0\">Mer<span class=\"_ _0\"></span>cato<span class=\"_ _1\"></span> di<span class=\"_ _3\"></span> </td><td class=\"c n xa38 y1b70 w904 h359\"><div class=\"t m3a x17f h143 y1b6f ff3 fs79 fc1 sc0 ls0 ws0\">Ra<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _1\"></span>g<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa39 y1b70 w905 h359\"><div class=\"t m3a x17f h143 y1b6f ff3 fs79 fc1 sc0 ls0 ws0\">Va<span class=\"_ _3\"></span>luta</div></td><td class=\"t m3a xa3a h143 y1b71 ff3 fs79 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore </td><td class=\"t m3a xa3b h143 y1b71 ff3 fs79 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore IAS di<span class=\"_ _3\"></span> </td><td class=\"t m3a xa3c h143 y1b72 ff3 fs79 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>edol<span class=\"_ _1\"></span>a<span class=\"_ _4a1\"> </span></td><td class=\"t m3a xa3d h143 y1b71 ff3 fs79 fc1 sc0 ls0 ws0\">Data </td></tr><tr><td></td><td></td><td class=\"c xa3e y1b73 w30 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">qu<span class=\"_ _1\"></span>ota<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>az<span class=\"_ _3\"></span>ion<span class=\"_ _1\"></span>e </div></td><td></td><td></td><td class=\"c xa3f y1b73 w31 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">Nomi<span class=\"_ _1\"></span>nl<span class=\"_ _1\"></span>e</div></td><td class=\"c xa40 y1b73 w32 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">bi<span class=\"_ _3\"></span>lan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3a xa41 h144 y1b74 ff2 fs79 fc1 sc0 ls0 ws0\">Annuale<span class=\"_ _3\"></span>  </td><td class=\"c x494 y1b73 w33 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">scadenz<span class=\"_ _3\"></span>a<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b76 w906 h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> Hold<span class=\"_ _1\"></span>ing S.p.<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa42 y1b76 w907 h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">XS<span class=\"_ _0\"></span>206<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>040<span class=\"_ _0\"></span>389<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa43 y1b76 w908 h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">M<span class=\"_ _1\"></span>TF<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa44 y1b76 w909 h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">BBB<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa45 y1b76 w90a h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">E<span class=\"_ _0\"></span>uro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa46 y1b76 w90b h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3.978<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa47 y1b76 w90c h359\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">283<span class=\"_ _0\"></span>.98<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3a x3bc h144 y1b77 ff2 fs79 fc1 sc0 ls0 ws0\">tasso f<span class=\"_ _0\"></span>isso </td><td class=\"t m3a x72c h144 y1b77 ff2 fs79 fc1 sc0 ls0 ws0\">23/1<span class=\"_ _0\"></span>0/202<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c xa48 y1b78 w34 h8a\"><div class=\"t m3a x3b h144 y400 ff2 fs79 fc1 sc0 ls0 ws0\">1,7<span class=\"_ _0\"></span>5%<span class=\"_ _4a1\"> </span></div></td><td></td></tr></table>Il <span class=\"_ _5\"></span>Prestito <span class=\"_ _b\"></span>Ob<span class=\"_ _0\"></span>bligazi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>na<span class=\"_ _1\"></span>rio<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>28 <span class=\"_ _5\"></span>non <span class=\"_ _5\"></span>convertibile <span class=\"_ _b\"></span><span class=\"ff5\">senior <span class=\"_ _b\"></span>un</span>secu<span class=\"_ _0\"></span>red <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _5\"></span>stato <span class=\"_ _5\"></span>emesso <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _b\"></span>2<span class=\"_ _0\"></span>2 <span class=\"_ _5\"></span>aprile 2021, per un nominale di Euro 300 milioni con scad<span class=\"_ _1\"></span>enza a 7 anni.<span class=\"_ _0\"></span> Le <span class=\"_ _1\"></span>obbligazioni sono state emesse al prezzo <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>99,408, <span class=\"_ _6\"></span>con <span class=\"_ _6\"></span>un <span class=\"_ _f\"> </span>tasso <span class=\"_ _5\"></span>di <span class=\"_ _6\"></span>i<span class=\"_ _0\"></span>nte<span class=\"_ _1\"></span>resse <span class=\"_ _6\"></span>fisso <span class=\"_ _f\"> </span>a<span class=\"_ _3\"></span>nnuo <span class=\"_ _f\"> </span>di <span class=\"_ _6\"></span>riferimento<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>pari <span class=\"_ _f\"> </span>a <span class=\"_ _5\"></span>1,5% <span class=\"_ _6\"></span>(cfr. <span class=\"_ _6\"></span>comunicato stampa <span class=\"_ _e\"> </span>del <span class=\"_ _19\"> </span>c<span class=\"_ _0\"></span>ollocament<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _e\"> </span>o<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>bligazionario <span class=\"_ _e\"> </span>d<span class=\"_ _0\"></span>el <span class=\"_ _e\"> </span>15 <span class=\"_ _19\"> </span>aprile <span class=\"_ _19\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>21). <span class=\"_ _19\"> </span>L\u2019emissione <span class=\"_ _e\"> </span>ob<span class=\"_ _0\"></span>b<span class=\"_ _1\"></span>ligazionaria <span class=\"_ _e\"> </span>h<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span> com<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>tato<span class=\"_ _3\"></span> un inc<span class=\"_ _0\"></span>ass<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>nett<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> per A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima Hol<span class=\"_ _1\"></span>ding di circa E<span class=\"_ _1\"></span>uro 298,224 mili<span class=\"_ _1\"></span>oni. Al <span class=\"_ _0\"></span>31 <span class=\"_ _0\"></span>dicembre <span class=\"_ _0\"></span>2024, <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>valo<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>nominale<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>residuo <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>l <span class=\"_ _0\"></span>Pr<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>o <span class=\"_ _0\"></span>Obbligazionario <span class=\"_ _0\"></span>2028 <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>pari <span class=\"_ _0\"></span>a Euro <span class=\"_ _0\"></span>300 milioni. Il <span class=\"_ _15\"> </span>Pr<span class=\"_ _0\"></span>estit<span class=\"_ _3\"></span>o <span class=\"_ _d\"> </span>Obbligazionario <span class=\"_ _1f\"> </span>2028 <span class=\"_ _d\"> </span>\u00e8 <span class=\"_ _1f\"> </span>stato <span class=\"_ _15\"> </span>ri<span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>vato <span class=\"_ _15\"> </span>a <span class=\"_ _15\"> </span>investitori <span class=\"_ _15\"> </span>qualificati <span class=\"_ _1f\"> </span>in <span class=\"_ _15\"> </span>Italia <span class=\"_ _d\"> </span>e <span class=\"_ _15\"> </span>all\u2019estero (escludendo <span class=\"_ _f\"> </span>gli <span class=\"_ _f\"> </span>Stati <span class=\"_ _f\"> </span>Uniti <span class=\"_ _f\"> </span>d'America <span class=\"_ _f\"> </span>ed <span class=\"_ _f\"> </span>altri <span class=\"_ _f\"> </span>paesi <span class=\"_ _f\"> </span>selezionati). <span class=\"_ _f\"> </span>La <span class=\"_ _f\"> </span>quotazione <span class=\"_ _f\"> </span>delle <span class=\"_ _f\"> </span>obbligazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _f\"> </span>\u00e8 avvenuta sul si<span class=\"_ _0\"></span>stema<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>multilate<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ale di negoziazione, come definit<span class=\"_ _1\"></span>o <span class=\"_ _0\"></span>ai sensi della Direttiva 2014/65/UE<span class=\"_ _1\"></span> (multilateral  tradi<span class=\"_ _1\"></span>ng  facility,  o  MTF),  de<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ominato<span class=\"_ _1\"></span>  \u201cGlobal  Exchange  Market\u201d<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>  gestito <span class=\"_ _f\"> </span>da  Euronext Dublin. Alle obbli<span class=\"_ _1\"></span>gazioni \u00e8 stat<span class=\"_ _1\"></span>o assegnato un ratin<span class=\"_ _1\"></span>g pari a BBB da pa<span class=\"_ _1\"></span>rte di Fitch Ratin<span class=\"_ _1\"></span>gs Ltd..<span class=\"_ _4a1\"> </span>Nella tabella seg<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ente si riass<span class=\"_ _1\"></span>umono le p<span class=\"_ _1\"></span>rincipali caratt<span class=\"_ _1\"></span>eristiche dello st<span class=\"_ _1\"></span>rum<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span>: <table class=\"s w901 h3cd\" id=\"_a041bfb2-ac1f-4463-b009-78b2030072be\"><tr><td class=\"c n xa36 y1b79 w902 h35a\"><div class=\"t m3a x17f h143 y16e8 ff3 fs79 fc1 sc0 ls0 ws0\">Em<span class=\"_ _1\"></span>ittente<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa37 y1b79 w903 h35a\"><div class=\"t m3a x17f h143 y16e8 ff3 fs79 fc1 sc0 ls0 ws0\">Cod<span class=\"_ _3\"></span>ice<span class=\"_ _0\"></span> ISIN</div></td><td class=\"t m3a x496 h143 y1b7a ff3 fs79 fc1 sc0 ls0 ws0\">Mer<span class=\"_ _0\"></span>cato<span class=\"_ _1\"></span> di<span class=\"_ _3\"></span> </td><td class=\"c n xa38 y1b79 w904 h35a\"><div class=\"t m3a x17f h143 y16e8 ff3 fs79 fc1 sc0 ls0 ws0\">Ra<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _1\"></span>g<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa39 y1b79 w905 h35a\"><div class=\"t m3a x17f h143 y16e8 ff3 fs79 fc1 sc0 ls0 ws0\">Va<span class=\"_ _3\"></span>luta</div></td><td class=\"t m3a xa3a h143 y1b7a ff3 fs79 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore </td><td class=\"t m3a xa3b h143 y1b7a ff3 fs79 fc1 sc0 ls0 ws0\">Val<span class=\"_ _3\"></span>ore IAS di<span class=\"_ _3\"></span> </td><td class=\"t m3a xa3c h143 y1b7b ff3 fs79 fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>edol<span class=\"_ _1\"></span>a<span class=\"_ _4a1\"> </span></td><td class=\"t m3a xa3d h143 y1b7a ff3 fs79 fc1 sc0 ls0 ws0\">Data </td></tr><tr><td></td><td></td><td class=\"c xa3e y1b7c w30 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">qu<span class=\"_ _1\"></span>ota<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>az<span class=\"_ _3\"></span>ion<span class=\"_ _1\"></span>e </div></td><td></td><td></td><td class=\"c xa3f y1b7c w31 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">Nomi<span class=\"_ _1\"></span>nl<span class=\"_ _1\"></span>e</div></td><td class=\"c xa40 y1b7c w32 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">bi<span class=\"_ _3\"></span>lan<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3a xa41 h144 y1b7d ff2 fs79 fc1 sc0 ls0 ws0\">Annuale<span class=\"_ _3\"></span>  </td><td class=\"c x494 y1b7c w33 h8a\"><div class=\"t m3a x3b h143 y400 ff3 fs79 fc1 sc0 ls0 ws0\">scadenz<span class=\"_ _3\"></span>a<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b7e w906 h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">A<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> Hold<span class=\"_ _1\"></span>ing S.p.<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>.<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa42 y1b7e w907 h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">XS<span class=\"_ _0\"></span>233<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>921<span class=\"_ _0\"></span>390<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa43 y1b7e w908 h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">M<span class=\"_ _1\"></span>TF<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa44 y1b7e w909 h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">BBB<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa45 y1b7e w90a h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">E<span class=\"_ _0\"></span>uro<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa46 y1b7e w90b h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0.000<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa47 y1b7e w90c h35a\"><div class=\"t m3a x17f h144 y1b75 ff2 fs79 fc1 sc0 ls0 ws0\">301<span class=\"_ _0\"></span>.22<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"t m3a x3bc h144 y1b7f ff2 fs79 fc1 sc0 ls0 ws0\">tasso f<span class=\"_ _0\"></span>isso </td><td class=\"t m3a x72c h144 y1b7f ff2 fs79 fc1 sc0 ls0 ws0\">22/0<span class=\"_ _0\"></span>4/202<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c xa49 y1b80 w35 h8a\"><div class=\"t m3a x3b h144 y400 ff2 fs79 fc1 sc0 ls0 ws0\">1,5%<span class=\"_ _4a1\"> </span></div></td><td></td></tr></table>In  mer<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  a  ulteriori  clausole  correlate  all\u2019indebit<span class=\"_ _1\"></span>amento  d<span class=\"_ _0\"></span>el  Gruppo<span class=\"_ _1\"></span>,  si  r<span class=\"_ _0\"></span>inv<span class=\"_ _1\"></span>ia  alla  \u201cRelazione  su<span class=\"_ _0\"></span>l governo <span class=\"_ _c\"> </span>societario <span class=\"_ _c\"> </span>e <span class=\"_ _16\"> </span>gli <span class=\"_ _c\"> </span>assetti <span class=\"_ _c\"> </span>pro<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>etari<span class=\"_ _1\"></span>\u201d <span class=\"_ _16\"> </span>- <span class=\"_ _c\"> </span>disp<span class=\"_ _1\"></span>onibile <span class=\"_ _c\"> </span>su<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>sito <span class=\"_ _211\"> </span>in<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>net<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>della <span class=\"_ _c\"> </span>Societ\u00e0 <span class=\"_ _c\"> </span>(sezione Corporate Gover<span class=\"_ _1\"></span>nance)<span class=\"ff2\"> redatta sulla base <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> q<span class=\"_ _1\"></span>uanto p<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>evisto dall\u2019art. <span class=\"_ _1\"></span>123-bis del TUF,<span class=\"_ _1\"></span> ai sensi del q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>ale </span>gli <span class=\"_ _211\"> </span>emittenti  devono <span class=\"_ _211\"> </span>annualme<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te  fornire  al <span class=\"_ _211\"> </span>mercato  una  serie  di <span class=\"_ _211\"> </span>informazioni,  d<span class=\"_ _0\"></span>etta<span class=\"_ _3\"></span>gliatamente individuate dalla n<span class=\"_ _1\"></span>orma in oggetto.<span class=\"_ _4a1\"> </span>Gestione liquidit\u00e0 azien<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ale: e<span class=\"_ _1\"></span>ccedenza ris<span class=\"_ _1\"></span>orse fina<span class=\"_ _1\"></span>nziarie  In materia di gest<span class=\"_ _3\"></span>ione d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll<span class=\"_ _0\"></span>a li<span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>uidit\u00e0 az<span class=\"_ _1\"></span>iendale, le s<span class=\"_ _3\"></span>ociet\u00e0 del Gruppo in<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>esto<span class=\"_ _1\"></span>no le eccedenze <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>ri<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rse fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziari<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> in <span class=\"_ _3\"></span>(i) <span class=\"_ _1\"></span>OICR, <span class=\"_ _3\"></span>prevalentemente<span class=\"_ _3\"></span> in <span class=\"_ _3\"></span>OICVM <span class=\"_ _3\"></span>e <span class=\"_ _1\"></span>in <span class=\"_ _1\"></span>FIA<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>hiusi <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ise<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>vati <span class=\"_ _3\"></span>istituiti <span class=\"_ _3\"></span>e/o <span class=\"_ _3\"></span>gestiti da<span class=\"_ _3\"></span> so<span class=\"_ _1\"></span>ciet\u00e0 principalmente <span class=\"_ _0\"></span>appartenenti <span class=\"_ _b\"></span>al <span class=\"_ _0\"></span>Gruppo, <span class=\"_ _b\"></span>(ii) <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>em<span class=\"_ _1\"></span>issioni <span class=\"_ _0\"></span>governative <span class=\"_ _b\"></span>a <span class=\"_ _0\"></span>br<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>termine <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>Euro <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>(iii) <span class=\"_ _b\"></span>in depositi bancari e p<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>stali a <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ista e i<span class=\"_ _1\"></span>n <span class=\"ff5\">t<span class=\"_ _0\"></span>ime d<span class=\"_ _1\"></span>eposi<span class=\"_ _1\"></span>t<span class=\"ff2\">. </span></span>I <span class=\"_ _c\"> </span>rischi <span class=\"_ _211\"> </span>finanziari <span class=\"_ _211\"> </span>del <span class=\"_ _c\"> </span>portafoglio  d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>prop<span class=\"_ _1\"></span>riet\u00e0 <span class=\"_ _c\"> </span>sono<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>gestiti <span class=\"_ _c\"> </span>attra<span class=\"_ _1\"></span>verso <span class=\"_ _211\"> </span>la <span class=\"_ _c\"> </span>definizione <span class=\"_ _211\"> </span>di <span class=\"_ _c\"> </span>limitazioni operative <span class=\"_ _6\"></span>finalizzate <span class=\"_ _6\"></span>alla <span class=\"_ _f\"> </span>mitigazio<span class=\"_ _1\"></span>ne <span class=\"_ _f\"> </span>del <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ischio <span class=\"_ _5\"></span>che <span class=\"_ _f\"> </span>tale <span class=\"_ _6\"></span>portafoglio <span class=\"_ _6\"></span>pu\u00f2<span class=\"_ _0\"></span> <span class=\"_ _6\"></span>assume<span class=\"_ _1\"></span>re. <span class=\"_ _f\"> </span>Tali <span class=\"_ _5\"></span>l<span class=\"_ _0\"></span>im<span class=\"_ _1\"></span>itazioni<span class=\"_ _4a1\"> </span>sono <span class=\"_ _b\"></span>espresse <span class=\"_ _0\"></span>(i)<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>in <span class=\"_ _b\"></span>termini <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>tipologie <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>investimenti <span class=\"_ _0\"></span>amm<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>si<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>(ii) <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>termini <span class=\"_ _0\"></span>di <span class=\"_ _b\"></span>ammontare <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>(iii) <span class=\"_ _b\"></span>in termini di limite mass<span class=\"_ _1\"></span>imo di risc<span class=\"_ _1\"></span>hio (identificato <span class=\"_ _1\"></span>come volatilit\u00e0) c<span class=\"_ _1\"></span>he pu\u00f2 essere assunt<span class=\"_ _1\"></span>o. I <span class=\"_ _1f\"> </span>C<span class=\"_ _0\"></span>onsigli <span class=\"_ _1f\"> </span>di <span class=\"_ _15\"> </span>Ammi<span class=\"_ _1\"></span>nistrazione <span class=\"_ _1f\"> </span>delle <span class=\"_ _15\"> </span>societ\u00e0 <span class=\"_ _1f\"> </span>del <span class=\"_ _1f\"> </span>Gr<span class=\"_ _0\"></span>uppo <span class=\"_ _16\"> </span>del<span class=\"_ _0\"></span>ibe<span class=\"_ _1\"></span>rano <span class=\"_ _1f\"> </span>annualmente <span class=\"_ _1f\"> </span>in<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>mer<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _1f\"> </span>alle caratteristiche <span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>ai <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>iti <span class=\"_ _0\"></span>operativi <span class=\"_ _b\"></span>riguardanti <span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>l<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>vest<span class=\"_ _1\"></span>imenti <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>strumenti <span class=\"_ _0\"></span>finanziari <span class=\"_ _b\"></span>ed <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>de<span class=\"_ _0\"></span>pos<span class=\"_ _1\"></span>iti bancari e/o postali.<span class=\"_ _1\"></span> L\u2019attivit\u00e0 di cont<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ollo \u00e8 sv<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>lta da<span class=\"_ _1\"></span>lle funzioni di Risk Ma<span class=\"_ _1\"></span>nagement prep<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ste.<span class=\"_ _1\"></span> L\u2019investimento  in  OICVM  \u00e8  rappresentato  da  prodotti  istituiti  e/o  gestiti  dal  Gruppo,  selezionati<span class=\"_ _3\"></span> secondo <span class=\"_ _17\"> </span>gli <span class=\"_ _18\"> </span>obiettivi <span class=\"_ _17\"> </span>di <span class=\"_ _18\"> </span>rendiment<span class=\"_ _1\"></span>o <span class=\"_ _18\"> </span>ed <span class=\"_ _17\"> </span>i<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>limiti <span class=\"_ _17\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _18\"> </span>r<span class=\"_ _0\"></span>isc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>io <span class=\"_ _17\"> </span>stabiliti <span class=\"_ _17\"> </span>dai <span class=\"_ _18\"> </span>rispettivi <span class=\"_ _17\"> </span>Consigli <span class=\"_ _17\"> </span>di Amministrazione. Tale <span class=\"_ _0\"></span>tipo<span class=\"_ _3\"></span>logi<span class=\"_ _0\"></span>a di investimento<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>\u00e8 caratterizzata da <span class=\"_ _0\"></span>un elevato livello d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>liquidit\u00e0 e d<span class=\"_ _0\"></span>al<span class=\"_ _3\"></span> ridotto risc<span class=\"_ _1\"></span>hio di<span class=\"_ _1\"></span>retto di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>dito, in q<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>anto <span class=\"_ _3\"></span>gli<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>OICVM <span class=\"_ _3\"></span>detenu<span class=\"_ _0\"></span>ti <span class=\"_ _1\"></span>hanno <span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>n p<span class=\"_ _1\"></span>roprio <span class=\"_ _1\"></span>patrimonio <span class=\"_ _1\"></span>separato. I <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ischi <span class=\"_ _5\"></span>finanziari <span class=\"_ _5\"></span>derivan<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i <span class=\"_ _6\"></span>da <span class=\"_ _6\"></span>questa <span class=\"_ _5\"></span>tipolog<span class=\"_ _0\"></span>ia <span class=\"_ _b\"></span>di <span class=\"_ _6\"></span>investimento <span class=\"_ _5\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>riconducibili <span class=\"_ _5\"></span>essen<span class=\"_ _0\"></span>zia<span class=\"_ _3\"></span>lmen<span class=\"_ _0\"></span>te <span class=\"_ _6\"></span>al rischio <span class=\"_ _16\"> </span>di <span class=\"_ _c\"> </span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _c\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>li <span class=\"_ _c\"> </span>investimenti <span class=\"_ _c\"> </span>effettuati, <span class=\"_ _c\"> </span>c<span class=\"_ _0\"></span>he <span class=\"_ _c\"> </span>risulta <span class=\"_ _c\"> </span>co<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>unque <span class=\"_ _c\"> </span>com<span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>tibile <span class=\"_ _c\"> </span>con <span class=\"_ _16\"> </span>il <span class=\"_ _c\"> </span>profi<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>o prudente che caratterizza<span class=\"_ _1\"></span> la strategia d<span class=\"_ _1\"></span>i investimento della <span class=\"_ _1\"></span>liquidit\u00e0 aziendale<span class=\"_ _1\"></span> del Gruppo.<span class=\"_ _1\"></span> I <span class=\"_ _3\"></span>rischi<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>deri<span class=\"_ _1\"></span>vanti dal<span class=\"_ _3\"></span>l\u2019inv<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>imen<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>OICVM <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>mo<span class=\"_ _0\"></span>nito<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ati <span class=\"_ _3\"></span>mediante <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>verifica <span class=\"_ _3\"></span>del<span class=\"_ _0\"></span> <span class=\"_ _8\"></span>ri<span class=\"_ _0\"></span>spet<span class=\"_ _1\"></span>to <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>i <span class=\"_ _1\"></span>limiti deliberati <span class=\"_ _0\"></span>dai<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>rispettivi Consigli di <span class=\"_ _0\"></span>Ammin<span class=\"_ _1\"></span>istrazione. In <span class=\"_ _0\"></span>partic<span class=\"_ _1\"></span>olare, <span class=\"_ _0\"></span>i limiti di <span class=\"_ _0\"></span>risc<span class=\"_ _1\"></span>hio <span class=\"_ _0\"></span>stabi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>iti in <span class=\"_ _0\"></span>term<span class=\"_ _1\"></span>ini di <span class=\"_ _b\"></span>volatilit\u00e0 <span class=\"_ _0\"></span>sono<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>monitorati <span class=\"_ _0\"></span>con <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>modello <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>rischi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>press<span class=\"_ _1\"></span>o <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>societ\u00e0 <span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>llata <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>SGR.<span class=\"_ _1\"></span> Per <span class=\"_ _f\"> </span>q<span class=\"_ _1\"></span>uanto <span class=\"_ _6\"></span>sopra, <span class=\"_ _6\"></span>unitamente <span class=\"_ _f\"> </span>al<span class=\"_ _3\"></span>la <span class=\"_ _f\"> </span>nat<span class=\"_ _1\"></span>ura <span class=\"_ _6\"></span>diversificata <span class=\"_ _6\"></span>degli <span class=\"_ _6\"></span>investimenti <span class=\"_ _6\"></span>in <span class=\"_ _6\"></span>O<span class=\"_ _0\"></span>I<span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>VM, <span class=\"_ _6\"></span>il <span class=\"_ _6\"></span>Gruppo <span class=\"_ _6\"></span>non ritiene rappresentati<span class=\"_ _1\"></span>va l\u2019analisi di se<span class=\"_ _1\"></span>nsitivit\u00e0 rispett<span class=\"_ _3\"></span>o ai rischi di mercato a <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ui \u00e8 esp<span class=\"_ _1\"></span>o<span class=\"_ _0\"></span>sta.<span class=\"_ _3\"></span> Gli <span class=\"_ _1\"></span>investiment<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>emissioni <span class=\"_ _3\"></span>governative <span class=\"_ _3\"></span>in <span class=\"_ _3\"></span>Euro <span class=\"_ _3\"></span>sono <span class=\"_ _3\"></span>rappresentati <span class=\"_ _3\"></span>da <span class=\"_ _3\"></span>titoli <span class=\"_ _3\"></span>em<span class=\"_ _0\"></span>es<span class=\"_ _3\"></span>si dal<span class=\"_ _3\"></span>lo<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>Stato <span class=\"_ _3\"></span>italia<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>o (BOT) <span class=\"_ _c\"> </span>con <span class=\"_ _211\"> </span>dur<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>on <span class=\"_ _c\"> </span>massima <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>12  m<span class=\"_ _0\"></span>esi.<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>I <span class=\"_ _211\"> </span>r<span class=\"_ _0\"></span>is<span class=\"_ _1\"></span>chi <span class=\"_ _c\"> </span>derivanti <span class=\"_ _c\"> </span>da <span class=\"_ _211\"> </span>tale <span class=\"_ _c\"> </span>investimento <span class=\"_ _211\"> </span>sono <span class=\"_ _211\"> </span>monitorati mediante <span class=\"_ _0\"></span>la verifica <span class=\"_ _0\"></span>del rispetto <span class=\"_ _0\"></span>de<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>limiti deliberati dal <span class=\"_ _0\"></span>Consiglio di <span class=\"_ _0\"></span>Amminist<span class=\"_ _1\"></span>razione. <span class=\"_ _0\"></span>In <span class=\"_ _0\"></span>pa<span class=\"_ _1\"></span>rticolare, i limiti <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>isc<span class=\"_ _3\"></span>h<span class=\"_ _0\"></span>io <span class=\"_ _0\"></span>stabiliti <span class=\"_ _0\"></span>in<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>termini <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>volatilit\u00e0 <span class=\"_ _0\"></span>sono <span class=\"_ _b\"></span>monitorati <span class=\"_ _0\"></span>anch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>questo <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>con <span class=\"_ _b\"></span>il <span class=\"_ _b\"></span>modello <span class=\"_ _0\"></span>di rischio in uso presso A<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ima SG<span class=\"_ _3\"></span>R<span class=\"_ _0\"></span>.  Il Gr<span class=\"_ _1\"></span>uppo pu\u00f2 i<span class=\"_ _3\"></span>noltre invest<span class=\"_ _1\"></span>ire <span class=\"_ _1\"></span>nei FIA <span class=\"_ _3\"></span>chiusi imm<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>biliari <span class=\"_ _3\"></span>riservati ist<span class=\"_ _1\"></span>ituiti <span class=\"_ _1\"></span>e/o <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>estiti <span class=\"_ _1\"></span>prin<span class=\"_ _1\"></span>cipalmen<span class=\"_ _0\"></span>te <span class=\"_ _3\"></span>da societ\u00e0 <span class=\"_ _1\"></span>appa<span class=\"_ _1\"></span>rtenenti al Gr<span class=\"_ _1\"></span>uppo. Viste <span class=\"_ _3\"></span>le caratteristi<span class=\"_ _1\"></span>che,<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>specialmente <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n <span class=\"_ _1\"></span>termini <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _3\"></span>illiquidit\u00e0, d<span class=\"_ _1\"></span>i questa<span class=\"_ _3\"></span> tipologia <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>i <span class=\"_ _1f\"> </span>investime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>ti, <span class=\"_ _16\"> </span>l\u2019<span class=\"_ _0\"></span>amm<span class=\"_ _1\"></span>ontare <span class=\"_ _1f\"> </span>ad <span class=\"_ _1f\"> </span>essi <span class=\"_ _1f\"> </span>destinato <span class=\"_ _16\"> </span>v<span class=\"_ _0\"></span>ie<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e <span class=\"_ _1f\"> </span>autorizzato <span class=\"_ _16\"> </span>specificatamente <span class=\"_ _16\"> </span>dai rispettivi Consigli d<span class=\"_ _1\"></span>i Amministrazio<span class=\"_ _1\"></span>ne. Dal punto di <span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ista del<span class=\"_ _1\"></span>la liquidit\u00e0, tale tipo<span class=\"_ _1\"></span>logia di investimenti \u00e8 caratterizzata <span class=\"_ _0\"></span>infatti d<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>un orizzon<span class=\"_ _0\"></span>te<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>temporale <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>lun<span class=\"_ _1\"></span>go <span class=\"_ _0\"></span>periodo, <span class=\"_ _0\"></span>senza <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>possib<span class=\"_ _1\"></span>ilit\u00e0 <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>richiedere<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>un rimborso <span class=\"_ _6\"></span>anticipato <span class=\"_ _6\"></span>rispetto <span class=\"_ _6\"></span>alla <span class=\"_ _6\"></span>scadenza <span class=\"_ _5\"></span>del <span class=\"_ _6\"></span>fondo<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> <span class=\"_ _f\"> </span>Nell\u2019ambito<span class=\"_ _1\"></span> <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>el<span class=\"_ _1\"></span> <span class=\"_ _5\"></span>r<span class=\"_ _0\"></span>ischio <span class=\"_ _5\"></span>di <span class=\"_ _f\"></span>me<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cato, <span class=\"_ _6\"></span>per <span class=\"_ _6\"></span>questi<span class=\"_ _1\"></span> strumenti <span class=\"_ _c\"> </span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presenta <span class=\"_ _16\"> </span>un <span class=\"_ _16\"> </span>element<span class=\"_ _1\"></span>o <span class=\"_ _16\"> </span>mitigante <span class=\"_ _16\"> </span>l\u2019<span class=\"_ _3\"></span>esposizione <span class=\"_ _16\"> </span>minoritaria <span class=\"_ _c\"> </span>a <span class=\"_ _16\"> </span>inv<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>enti <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>natura azionaria <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>la strategia <span class=\"_ _0\"></span>di investimento <span class=\"_ _0\"></span>di lungo <span class=\"_ _0\"></span>periodo, che <span class=\"_ _0\"></span>viene <span class=\"_ _0\"></span>riflessa anche <span class=\"_ _0\"></span>nella v<span class=\"_ _0\"></span>alo<span class=\"_ _1\"></span>rizzazione dei <span class=\"_ _b\"></span>sottostanti. <span class=\"_ _0\"></span>Pu\u00f2 <span class=\"_ _b\"></span>essere <span class=\"_ _b\"></span>rileva<span class=\"_ _1\"></span>nte <span class=\"_ _b\"></span>la <span class=\"_ _b\"></span>presenza <span class=\"_ _0\"></span>del <span class=\"_ _b\"></span>rischio <span class=\"_ _0\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>credito <span class=\"_ _b\"></span>nei <span class=\"_ _0\"></span>confronti <span class=\"_ _b\"></span>delle <span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>et\u00e0 <span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> vengono <span class=\"_ _3\"></span>fin<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nziate <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>questi <span class=\"_ _3\"></span>strumenti <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>in<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>estime<span class=\"_ _1\"></span>nto:<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>la <span class=\"_ _3\"></span>mitigazione <span class=\"_ _3\"></span>avviene <span class=\"_ _3\"></span>principalmente <span class=\"_ _3\"></span>tramite<span class=\"_ _1\"></span> tecniche di diversifi<span class=\"_ _1\"></span>cazione implementate <span class=\"_ _3\"></span>dal g<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>ore dei<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>FIA e un\u2019attenta fase di a<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>alisi p<span class=\"_ _1\"></span>reventiva. Infine, <span class=\"_ _6\"></span>gli <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>nv<span class=\"_ _0\"></span>est<span class=\"_ _3\"></span>imenti <span class=\"_ _f\"> </span>i<span class=\"_ _1\"></span>n <span class=\"_ _6\"></span>depositi <span class=\"_ _6\"></span>b<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>nc<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>postali <span class=\"_ _6\"></span>e <span class=\"_ _f\"> </span>in <span class=\"_ _6\"></span>time <span class=\"_ _5\"></span>deposit <span class=\"_ _6\"></span>(questi <span class=\"_ _6\"></span>ul<span class=\"_ _0\"></span>ti<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>sott<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>scri<span class=\"_ _1\"></span>vili <span class=\"_ _6\"></span>con scadenza n<span class=\"_ _1\"></span>on superiore<span class=\"_ _3\"></span> a 12 mesi) s<span class=\"_ _3\"></span>ono, per loro<span class=\"_ _1\"></span> natura, ca<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>atte<span class=\"_ _1\"></span>rizzati da u<span class=\"_ _1\"></span>n elevat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> livel<span class=\"_ _1\"></span>lo di l<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>q<span class=\"_ _1\"></span>uidit\u00e0 e <span class=\"_ _b\"></span>assenza <span class=\"_ _5\"></span>di <span class=\"_ _5\"></span>rischio <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>cato. <span class=\"_ _b\"></span>I <span class=\"_ _5\"></span>rischi <span class=\"_ _b\"></span>finanziari <span class=\"_ _5\"></span>derivanti <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>qu<span class=\"_ _0\"></span>esta <span class=\"_ _b\"></span>tipologia <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>investiment<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _b\"></span>sono sostanzialmente <span class=\"_ _f\"> </span>ricon<span class=\"_ _1\"></span>ducibili <span class=\"_ _f\"> </span>al <span class=\"_ _f\"> </span>rischio <span class=\"_ _6\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _6\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _1\"></span>dito <span class=\"_ _6\"></span>e  son<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>golar<span class=\"_ _0\"></span>me<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _f\"> </span>m<span class=\"_ _1\"></span>onitorati <span class=\"_ _f\"> </span>nonch\u00e9 <span class=\"_ _6\"></span>m<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span>gati anch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> tr<span class=\"_ _0\"></span>amite <span class=\"_ _3\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _1\"></span>iti finalizza<span class=\"_ _1\"></span>ti al frazionament<span class=\"_ _1\"></span>o del rischio.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-49": {
   "value": "S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 4<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>zi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> p<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span> 4.1 Il patrimonio d<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>ll\u2019impresa<span class=\"_ _3\"></span>  4.1.1 Informazioni di na<span class=\"_ _1\"></span>tura qualitativa<span class=\"_ _3\"></span> Il <span class=\"_ _f\"></span>capita<span class=\"_ _1\"></span>le <span class=\"_ _f\"> </span>so<span class=\"_ _1\"></span>ciale <span class=\"_ _f\"> </span>della <span class=\"_ _6\"></span>Societ\u00e0 <span class=\"_ _6\"></span>al <span class=\"_ _f\"> </span>3<span class=\"_ _1\"></span>1 <span class=\"_ _f\"> </span>dicem<span class=\"_ _1\"></span>bre <span class=\"_ _6\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>24 <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _6\"></span>interamente <span class=\"_ _6\"></span>so<span class=\"_ _0\"></span>tt<span class=\"_ _3\"></span>oscritto <span class=\"_ _f\"></span>e <span class=\"_ _6\"></span>versato <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>r<span class=\"_ _0\"></span>isulta essere <span class=\"_ _211\"> </span>pari  a <span class=\"_ _c\"> </span>Euro  7.291.809,72  diviso  in <span class=\"_ _211\"> </span>n<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span>319.316.003 <span class=\"_ _211\"> </span>azioni  prive  dell\u2019indicazione  del <span class=\"_ _211\"> </span>valore nominale. <span class=\"_ _1\"></span> Le <span class=\"_ _0\"></span>azioni <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ella <span class=\"_ _0\"></span>Societ\u00e0 <span class=\"_ _0\"></span>sono q<span class=\"_ _0\"></span>uotat<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>Merc<span class=\"_ _0\"></span>ato <span class=\"_ _0\"></span>Tel<span class=\"_ _3\"></span>ematic<span class=\"_ _0\"></span>o <span class=\"_ _0\"></span>Aziona<span class=\"_ _1\"></span>rio<span class=\"_ _0\"></span> organizzato <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>gestito <span class=\"_ _0\"></span>da <span class=\"_ _b\"></span>Borsa italiana S.p.A. dal 16<span class=\"_ _1\"></span> aprile 2014. Si <span class=\"_ _1\"></span>ricorda <span class=\"_ _3\"></span>che in <span class=\"_ _3\"></span>data <span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>7 <span class=\"_ _3\"></span>febbraio <span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>25 <span class=\"_ _1\"></span>(cfr. <span class=\"_ _3\"></span>comunicato <span class=\"_ _3\"></span>stampa \u201cVa<span class=\"_ _1\"></span>riazione <span class=\"_ _3\"></span>del capita<span class=\"_ _1\"></span>le <span class=\"_ _3\"></span>sociale\u201d de<span class=\"_ _3\"></span>l 1<span class=\"_ _1\"></span>7 febbraio <span class=\"_ _f\"> </span>2025) <span class=\"_ _f\"> </span>\u00e8 <span class=\"_ _f\"> </span>avvenuto <span class=\"_ _f\"> </span>il <span class=\"_ _f\"> </span>deposito <span class=\"_ _f\"> </span>dell\u2019attesta<span class=\"_ _1\"></span>zione  d<span class=\"_ _3\"></span>i  emiss<span class=\"_ _1\"></span>ione <span class=\"_ _f\"> </span>di <span class=\"_ _f\"> </span>n\u00b0 <span class=\"_ _f\"> </span>5.899.814 <span class=\"_ _f\"> </span>nuove <span class=\"_ _f\"> </span>azioni<span class=\"_ _1\"></span> ordinarie, <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>odime<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>to <span class=\"_ _3\"></span>regolare, al<span class=\"_ _3\"></span> servizi<span class=\"_ _1\"></span>o del <span class=\"_ _3\"></span>piano <span class=\"_ _3\"></span>LTIP 24-26<span class=\"_ _1\"></span> p<span class=\"_ _1\"></span>er mass<span class=\"_ _1\"></span>imi <span class=\"_ _1\"></span>nominali <span class=\"_ _3\"></span>Euro 12<span class=\"_ _1\"></span>9.795,91, mediante  imp<span class=\"_ _1\"></span>utazione  a<span class=\"_ _1\"></span>  capita<span class=\"_ _1\"></span>le  di  un  imp<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>di  corrispondente <span class=\"_ _f\"> </span>ammontare  t<span class=\"_ _1\"></span>ratto  dalle  r<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>ser<span class=\"_ _1\"></span>ve disponibili, <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>esecuzione <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>eli<span class=\"_ _1\"></span>bera <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>aument<span class=\"_ _3\"></span>o <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>capitale <span class=\"_ _0\"></span>soci<span class=\"_ _0\"></span>ale<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>a <span class=\"_ _b\"></span>titolo <span class=\"_ _0\"></span>gratui<span class=\"_ _0\"></span>to<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>approvata<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>dal Consiglio <span class=\"_ _b\"></span>di <span class=\"_ _5\"></span>Amministrazi<span class=\"_ _1\"></span>one <span class=\"_ _b\"></span>in <span class=\"_ _5\"></span>data <span class=\"_ _b\"></span>5 <span class=\"_ _b\"></span>f<span class=\"_ _0\"></span>ebb<span class=\"_ _1\"></span>raio <span class=\"_ _5\"></span>2025 <span class=\"_ _b\"></span>(cfr. <span class=\"_ _b\"></span>comunicato <span class=\"_ _b\"></span>stampa <span class=\"_ _b\"></span>\u201cRisultati <span class=\"_ _b\"></span>consolidati per <span class=\"_ _b\"></span>l\u2019esercizio <span class=\"_ _b\"></span>2024\u201d <span class=\"_ _b\"></span>del <span class=\"_ _b\"></span>5 <span class=\"_ _b\"></span>febbraio <span class=\"_ _b\"></span>2025), <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>parziale <span class=\"_ _0\"></span>eser<span class=\"_ _0\"></span>cizio <span class=\"_ _b\"></span>dell\u2019autorizzaz<span class=\"_ _1\"></span>ione <span class=\"_ _b\"></span>conferita <span class=\"_ _b\"></span>ai <span class=\"_ _b\"></span>sensi dell\u2019art. 2443 C.C. dall<span class=\"_ _3\"></span>\u2019<span class=\"_ _0\"></span>Assemb<span class=\"_ _1\"></span>lea Straordinaria <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>egli Azio<span class=\"_ _1\"></span>nisti del 28 marzo <span class=\"_ _1\"></span>2024. Pertanto, <span class=\"_ _0\"></span>alla data d<span class=\"_ _0\"></span>i approv<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione d<span class=\"fsd\">el <span class=\"_ _0\"></span>proget<span class=\"_ _3\"></span>to<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Bilancio da <span class=\"_ _0\"></span>parte del <span class=\"_ _0\"></span>C<span class=\"_ _1\"></span>on<span class=\"_ _0\"></span>si<span class=\"_ _3\"></span>glio<span class=\"_ _0\"></span> di <span class=\"_ _0\"></span>Am<span class=\"_ _1\"></span>ministrazio<span class=\"_ _1\"></span>ne <span class=\"_ _0\"></span>(4 </span>marzo <span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>025), <span class=\"_ _b\"></span>il <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>itale <span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciale <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>Anima <span class=\"_ _b\"></span>H<span class=\"_ _1\"></span>olding <span class=\"_ _b\"></span><span class=\"fs2\">\u00e8 <span class=\"_ _b\"></span>pa<span class=\"_ _1\"></span>ri <span class=\"_ _5\"></span>a <span class=\"_ _b\"></span>Euro <span class=\"_ _b\"></span>7.421.605,63 <span class=\"_ _b\"></span>ed <span class=\"_ _5\"></span>\u00e8 <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ap<span class=\"_ _1\"></span>presentato <span class=\"_ _b\"></span>da <span class=\"_ _b\"></span>n\u00b0 </span>325.215.817 azioni o<span class=\"_ _1\"></span>rdinarie prive di val<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>re n<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>min<span class=\"_ _3\"></span>ale.<span class=\"_ _4a1\"> </span>Si i<span class=\"_ _0\"></span>nforma che <span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>n <span class=\"_ _0\"></span>data 1<span class=\"_ _0\"></span>2 febbraio 2025, <span class=\"_ _0\"></span>veri<span class=\"_ _1\"></span>fic<span class=\"_ _0\"></span>ate le Cond<span class=\"_ _0\"></span>izi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ni di <span class=\"_ _0\"></span>Perma<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>enza, sono <span class=\"_ _0\"></span>state attribuite ai <span class=\"_ _b\"></span>B<span class=\"_ _0\"></span>ene<span class=\"_ _1\"></span>ficiari <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>\u00b0 <span class=\"_ _b\"></span>15.341.544 <span class=\"_ _b\"></span>azioni <span class=\"_ _5\"></span>in <span class=\"_ _5\"></span>relazio<span class=\"_ _1\"></span>ne <span class=\"_ _5\"></span>ai <span class=\"_ _b\"></span>Piani <span class=\"_ _5\"></span>L<span class=\"_ _0\"></span>TIP <span class=\"_ _0\"></span>21<span class=\"_ _0\"></span>-23 <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>LTIP <span class=\"_ _5\"></span>24-26, <span class=\"_ _5\"></span>con <span class=\"_ _b\"></span>l<span class=\"_ _0\"></span>\u2019<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>tilizz<span class=\"_ _1\"></span>o <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>n<span class=\"_ _0\"></span>\u00b0 9.441.730 <span class=\"_ _6\"></span>azioni <span class=\"_ _f\"> </span>pr<span class=\"_ _1\"></span>oprie <span class=\"_ _6\"></span>detenute <span class=\"_ _6\"></span>nel <span class=\"_ _f\"> </span>portaf<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>glio<span class=\"_ _1\"></span> <span class=\"_ _f\"></span>dalla <span class=\"_ _6\"></span>Societ\u00e0 <span class=\"_ _6\"></span>e <span class=\"_ _6\"></span>n\u00b0 <span class=\"_ _f\"> </span>5.899.<span class=\"_ _1\"></span>814 <span class=\"_ _6\"></span>azioni <span class=\"_ _f\"> </span>deri<span class=\"_ _1\"></span>vanti <span class=\"_ _6\"></span>dal predetto aume<span class=\"_ _1\"></span>nto di <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le (c<span class=\"_ _1\"></span>fr. comuni<span class=\"_ _1\"></span>cato stam<span class=\"_ _3\"></span>pa \u201cVariazione del <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>apitale <span class=\"_ _3\"></span>sociale\u201d <span class=\"_ _1\"></span>del 17 <span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>eb<span class=\"_ _1\"></span>braio 2025). <span class=\"_ _5\"></span>Pertanto, <span class=\"_ _b\"></span>alla <span class=\"_ _5\"></span>data <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>approvazione <span class=\"_ _b\"></span>del <span class=\"_ _5\"></span>pre<span class=\"_ _1\"></span>sente <span class=\"_ _5\"></span>Bilancio <span class=\"_ _b\"></span>consolidato, <span class=\"_ _5\"></span>la <span class=\"_ _b\"></span>Societ\u00e0 <span class=\"_ _b\"></span>non <span class=\"_ _5\"></span>detiene azioni proprie i<span class=\"_ _1\"></span>n por<span class=\"_ _0\"></span>ta<span class=\"_ _3\"></span>foglio. Sulla <span class=\"_ _15\"> </span>b<span class=\"_ _0\"></span>ase<span class=\"_ _3\"></span> <span class=\"_ _15\"> </span>d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>comunicazioni <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>ese<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>ai <span class=\"_ _d\"> </span>sensi<span class=\"_ _1\"></span> <span class=\"_ _15\"> </span>dell\u2019art. <span class=\"_ _15\"> </span>120 <span class=\"_ _d\"> </span>del <span class=\"_ _1f\"> </span>D.Lgs. <span class=\"_ _15\"> </span>n. <span class=\"_ _15\"> </span>58/98 <span class=\"_ _15\"> </span>e <span class=\"_ _15\"> </span>delle <span class=\"_ _15\"> </span>ulteriori informazioni <span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>disposizione <span class=\"_ _0\"></span>della <span class=\"_ _0\"></span>Societ\u00e0, <span class=\"_ _0\"></span><span class=\"fsd\">alla d<span class=\"_ _0\"></span>ata<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>approvazione<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>del <span class=\"_ _0\"></span>progetto <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>Bilanci<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>parte <span class=\"_ _0\"></span>del </span>Consiglio <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>Ammi<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>istraz<span class=\"_ _1\"></span>ione,<span class=\"fs2\"> <span class=\"_ _b\"></span>gli <span class=\"_ _5\"></span>azionisti <span class=\"_ _0\"></span>detentori <span class=\"_ _5\"></span>di <span class=\"_ _b\"></span>partecipazioni <span class=\"_ _b\"></span>rilevanti <span class=\"_ _b\"></span>in <span class=\"_ _b\"></span>Anima <span class=\"_ _5\"></span>Hol<span class=\"_ _1\"></span>ding <span class=\"_ _b\"></span>(soci </span>che <span class=\"_ _b\"></span>parte<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ipan<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>direttamente o<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>indirettamente in<span class=\"_ _0\"></span> mi<span class=\"_ _0\"></span>su<span class=\"_ _1\"></span>ra <span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>pe<span class=\"_ _3\"></span>ri<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>re <span class=\"_ _0\"></span>al <span class=\"_ _0\"></span>3% <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le <span class=\"_ _0\"></span>sociale <span class=\"_ _0\"></span>ovvero 5% <span class=\"_ _3\"></span>per <span class=\"_ _1\"></span>le <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>.d. <span class=\"_ _3\"></span>\u201cpartecip<span class=\"_ _1\"></span>azioni <span class=\"_ _3\"></span>gestite\u201d), <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>sultano <span class=\"_ _3\"></span>essere <span class=\"_ _3\"></span>Banco <span class=\"_ _1\"></span>BPM <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _3\"></span>(\u201cBanco <span class=\"_ _3\"></span>BPM\u201d) <span class=\"_ _3\"></span>con <span class=\"_ _1\"></span>il <span class=\"_ _3\"></span>21,97%, Poste <span class=\"_ _3\"></span>Italiane <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _1\"></span>(\u201cPoste <span class=\"_ _3\"></span>Italia<span class=\"_ _1\"></span>ne\u201d <span class=\"_ _3\"></span>o <span class=\"_ _3\"></span>\u201c<span class=\"_ _0\"></span>Poste<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span>) <span class=\"_ _8\"></span>c<span class=\"_ _0\"></span>on <span class=\"_ _3\"></span>il <span class=\"_ _3\"></span>11,74%, <span class=\"_ _3\"></span>FSI <span class=\"_ _3\"></span>SGR <span class=\"_ _3\"></span>S.p.A. <span class=\"_ _3\"></span>(<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>amite <span class=\"_ _3\"></span>FSI <span class=\"_ _3\"></span>Holdin<span class=\"_ _3\"></span>g 2 <span class=\"_ _3\"></span>S.<span class=\"_ _1\"></span>r.l. \u2013 <span class=\"_ _211\"> </span>\u201c<span class=\"_ _0\"></span>FSI\u201d))<span class=\"_ _3\"></span> <span class=\"_ _c\"> </span>con  il<span class=\"_ _0\"></span>  9,59%, <span class=\"_ _211\"> </span>Gaetano <span class=\"_ _211\"> </span>Francesco  Caltagirone, <span class=\"_ _c\"> </span>t<span class=\"_ _1\"></span>ramite <span class=\"_ _211\"> </span>G<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>mma <span class=\"_ _c\"> </span>S.r.l.,  con <span class=\"_ _211\"> </span>il <span class=\"_ _c\"> </span>5,20% <span class=\"_ _211\"> </span>e  The Goldman Sachs Gr<span class=\"_ _1\"></span>oup Inc. con il 4,6<span class=\"_ _1\"></span>5%.  Anima Holding non <span class=\"_ _0\"></span>ha<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>emess<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> azioni di go<span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>imento, obbligazioni convertib<span class=\"_ _1\"></span>ili in <span class=\"_ _0\"></span>azioni,<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>n\u00e9<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>tit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>li o v<span class=\"_ _0\"></span>al<span class=\"_ _1\"></span>ori similari. 4.1.2 Informazioni di na<span class=\"_ _1\"></span>tura quantitativa<span class=\"_ _3\"></span> 4.1.2.1 Patrimonio de<span class=\"_ _1\"></span>ll\u2019impresa: com<span class=\"_ _1\"></span>posizione <table class=\"s w90d h3ce\" id=\"_9fa85d79-82f0-4a03-b6ba-5aef7af4452f\"><tr><td class=\"c n x1a9 y1b82 w90e h386\"><div class=\"t ma x17f h148 y1b81 ff3 fs7a fc1 sc0 ls0 ws0\">Voci/Va<span class=\"_ _1\"></span>lor<span class=\"_ _3\"></span>i</div></td><td></td><td class=\"c n xa4a y1b82 w90f h386\"><div class=\"t ma x17f h148 y1b81 ff3 fs7a fc1 sc0 ls0 ws0\">31.<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>.20<span class=\"_ _0\"></span>24</div></td><td class=\"c n xa4b y1b82 w910 h386\"><div class=\"t ma x17f h148 y1b81 ff3 fs7a fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.12<span class=\"_ _0\"></span>.20<span class=\"_ _0\"></span>23</div></td></tr><tr><td class=\"c n x1a9 y1b84 w911 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">1.<span class=\"_ _1b\"> </span>C<span class=\"_ _0\"></span>apit<span class=\"_ _1\"></span>ale</div></td><td></td><td class=\"c n xa4c y1b84 w912 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">7<span class=\"_ _0\"></span>.292</div></td><td class=\"c n xa4d y1b84 w912 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">7.29<span class=\"_ _0\"></span>2</div></td></tr><tr><td class=\"c n x1a9 y1b85 w913 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">2.<span class=\"_ _1b\"> </span>S<span class=\"_ _0\"></span>ovrappr<span class=\"_ _1\"></span>ezzi<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>di<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>em<span class=\"_ _3\"></span>is<span class=\"_ _0\"></span>sione</div></td><td></td><td class=\"c n xa4e y1b85 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">787<span class=\"_ _0\"></span>.652</div></td><td class=\"c n xa4f y1b85 w915 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">78<span class=\"_ _0\"></span>7.652</div></td></tr><tr><td class=\"c n x1a9 y1b86 w916 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">3.<span class=\"_ _1b\"> </span>Ris<span class=\"_ _0\"></span>erve</div></td><td></td><td class=\"c n xa50 y1b86 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">590<span class=\"_ _0\"></span>.732</div></td><td class=\"c n xa51 y1b86 w917 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">53<span class=\"_ _0\"></span>3.37<span class=\"_ _0\"></span>5</div></td></tr><tr><td></td><td class=\"c n x8b1 y1b87 w918 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">- di utili</div></td><td class=\"c n xa52 y1b87 w917 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>83.9<span class=\"_ _0\"></span>58</div></td><td class=\"c n xa53 y1b87 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">630.43<span class=\"_ _0\"></span>7</div></td></tr><tr><td></td><td class=\"c n xa54 y1b88 w919 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">a) legale</div></td><td class=\"c n xa55 y1b88 w912 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.458</div></td><td class=\"c n xa56 y1b88 w91a h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">1.<span class=\"_ _0\"></span>458</div></td></tr><tr><td></td><td class=\"c n xa54 y1b89 w91b h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">d) altre</div></td><td class=\"c n xa57 y1b89 w91c h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">6<span class=\"_ _0\"></span>82.5<span class=\"_ _0\"></span>00</div></td><td class=\"c n xa58 y1b89 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">628.97<span class=\"_ _0\"></span>9</div></td></tr><tr><td></td><td class=\"c n x8b1 y1b8a w91d h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">- alt<span class=\"_ _1\"></span>re</div></td><td class=\"c n xa59 y1b8a w91e h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(93.2<span class=\"_ _0\"></span>26)</div></td><td class=\"c n xa5a y1b8a w91e h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(9<span class=\"_ _0\"></span>7.062)</div></td></tr><tr><td class=\"c n x1a9 y1b8b w91f h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">4.</div></td><td class=\"c n xa5b y1b8b w920 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(<span class=\"_ _0\"></span>Azioni propr<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>)</div></td><td class=\"c n xa5c y1b8b w921 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(44<span class=\"_ _0\"></span>.<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>29)</div></td><td class=\"c n xa5d y1b8b w91e h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">(48.<span class=\"_ _0\"></span>757)</div></td></tr><tr><td class=\"c n x1a9 y1b8c w922 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">5. <span class=\"_ _1f\"> </span>Ri<span class=\"_ _0\"></span>serve<span class=\"_ _3\"></span> da valut<span class=\"_ _1\"></span>azion<span class=\"_ _1\"></span>e</div></td><td></td><td class=\"c n xa5e y1b8c w923 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">91.913</div></td><td class=\"c n xa5f y1b8c w924 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>2.67<span class=\"_ _0\"></span>1</div></td></tr><tr><td></td><td class=\"c x8df y1b8d w36 h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">- Titoli d<span class=\"_ _1\"></span>i capit<span class=\"_ _3\"></span>ale desig<span class=\"_ _1\"></span>nati<span class=\"_ _1\"></span> al fair value<span class=\"_ _3\"></span> con impatt<span class=\"_ _3\"></span>o s<span class=\"_ _0\"></span>ull<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span> r<span class=\"_ _1\"></span>eddit<span class=\"_ _1\"></span>ivit<span class=\"_ _3\"></span>\u00e0 comple<span class=\"_ _3\"></span>ss<span class=\"_ _0\"></span>iva</div></td><td class=\"c xa60 y1b8d w2b h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">92.1<span class=\"_ _0\"></span>48</div></td><td class=\"c xa61 y1b8d w2b h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">13.<span class=\"_ _0\"></span>180</div></td></tr><tr><td></td><td class=\"c x8df y1b8e w38 h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">- U<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>ili/pe<span class=\"_ _1\"></span>rdit<span class=\"_ _1\"></span>e at<span class=\"_ _3\"></span>tuariali r<span class=\"_ _1\"></span>elat<span class=\"_ _3\"></span>ivi a piani pre<span class=\"_ _3\"></span>videnz<span class=\"_ _1\"></span>iali a be<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>de<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>init<span class=\"_ _3\"></span>i </div></td><td class=\"c x4ea y1b8e w39 h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">(235<span class=\"_ _0\"></span>)</div></td><td class=\"c xa49 y1b8e w39 h14a\"><div class=\"t ma x3b h149 y611 ff2 fs7a fc1 sc0 ls0 ws0\">(50<span class=\"_ _0\"></span>9)</div></td></tr><tr><td class=\"c n x1a9 y1b8f w925 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">6.<span class=\"_ _1b\"> </span>S<span class=\"_ _0\"></span>trum<span class=\"_ _3\"></span>enti di c<span class=\"_ _1\"></span>apit<span class=\"_ _3\"></span>ale</div></td><td></td><td class=\"c n xa62 y1b8f w926 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc3 sc0 ls0 ws0\">-</div></td><td class=\"c n xa63 y1b8f w927 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc3 sc0 ls0 ws0\">-</div></td></tr><tr><td class=\"c n x1a9 y1b90 w928 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">7.<span class=\"_ _1b\"> </span>U<span class=\"_ _0\"></span>tile<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>(pe<span class=\"_ _3\"></span>rdita)<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>d'e<span class=\"_ _1\"></span>serci<span class=\"_ _3\"></span>zio</div></td><td></td><td class=\"c n xa64 y1b90 w91c h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>27<span class=\"_ _0\"></span>.845</div></td><td class=\"c n xa65 y1b90 w914 h3cf\"><div class=\"t ma x17f h149 y1b83 ff2 fs7a fc1 sc0 ls0 ws0\">149.<span class=\"_ _0\"></span>288</div></td></tr><tr><td class=\"c n x1a9 y16d8 w929 h38b\"><div class=\"t ma x17f h148 y1b91 ff3 fs7a fc1 sc0 ls0 ws0\">Totale</div></td><td></td><td class=\"c n xa66 y16d8 w92a h38b\"><div class=\"t ma x17f h148 y1b91 ff3 fs7a fc1 sc0 ls0 ws0\">1.6<span class=\"_ _0\"></span>60<span class=\"_ _0\"></span>.90<span class=\"_ _0\"></span>5</div></td><td class=\"c n xa67 y16d8 w92a h38b\"><div class=\"t ma x17f h148 y1b91 ff3 fs7a fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>.44<span class=\"_ _0\"></span>1.5<span class=\"_ _0\"></span>21</div></td></tr></table>Si <span class=\"_ _211\"> </span>ricorda  c<span class=\"_ _0\"></span>he<span class=\"_ _1\"></span> <span class=\"_ _211\"> </span>l\u2019Assemblea  degli <span class=\"_ _211\"> </span>Azionisti  della <span class=\"_ _211\"> </span>Societ\u00e0,  in <span class=\"_ _211\"> </span>data <span class=\"_ _211\"> </span>28 <span class=\"_ _211\"> </span>marzo  2024, <span class=\"_ _211\"> </span>ha <span class=\"_ _c\"> </span>delibe<span class=\"_ _1\"></span>rato  la distribuzione <span class=\"_ _211\"> </span>d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>un <span class=\"_ _c\"> </span>dividendo, <span class=\"_ _211\"> </span>pari <span class=\"_ _c\"> </span>ad <span class=\"_ _c\"> </span>Euro <span class=\"_ _211\"> </span>0,25 <span class=\"_ _211\"> </span>per <span class=\"_ _16\"> </span>azio<span class=\"_ _1\"></span>ne <span class=\"_ _c\"> </span>(con <span class=\"_ _c\"> </span>esclusione  d<span class=\"_ _0\"></span>elle<span class=\"_ _1\"></span> <span class=\"_ _c\"> </span>azioni <span class=\"_ _c\"> </span>proprie detenute <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>alla <span class=\"_ _3\"></span>Societ\u00e0), che <span class=\"_ _1\"></span>\u00e8 st<span class=\"_ _1\"></span>ato p<span class=\"_ _1\"></span>agato a <span class=\"_ _3\"></span>partire dal <span class=\"_ _3\"></span>22<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>maggio <span class=\"_ _3\"></span>2024 (stac<span class=\"_ _1\"></span>co della <span class=\"_ _3\"></span>cedola n\u00b0 <span class=\"_ _3\"></span>11 il <span class=\"_ _1\"></span>20<span class=\"_ _3\"></span> maggio 2024 e recor<span class=\"_ _1\"></span>d date il 21 ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio 2024).<span class=\"_ _4a1\"> </span>4.1.2.2 <span class=\"_ _5\"></span>Riserve <span class=\"_ _6\"></span>da <span class=\"_ _5\"></span>valutazione <span class=\"_ _6\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziar<span class=\"_ _3\"></span>ie <span class=\"_ _6\"></span>valutate <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _6\"></span>con <span class=\"_ _5\"></span>impatto <span class=\"_ _6\"></span>sulla <span class=\"_ _5\"></span>redditivit\u00e0 complessiva: composi<span class=\"_ _1\"></span>zione<span class=\"_ _1\"></span> <table class=\"s w92b h3d0\" id=\"_9b383d04-c3d9-4a94-833a-0c6fc8c28931\"><tr><td class=\"t m1c xa68 h14b y1b92 ff3 fs7b fc1 sc0 ls0 ws0\">Attivit\u00e0/Val<span class=\"_ _3\"></span>ori<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n xa69 y1b08 w92c h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6a y1b94 w92d h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6b y1b08 w92e h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">31<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>202<span class=\"_ _0\"></span>3<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6c y1b94 w92f h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m1c xa68 h14c y1b95 ff2 fs7b fc1 sc0 ls0 ws0\">1.<span class=\"_ _17\"> </span>Titoli<span class=\"_ _1\"></span> di de<span class=\"_ _1\"></span>bito<span class=\"_ _4a1\"> </span></td><td></td><td class=\"c n xa6d y1b96 w930 h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Riserva posi<span class=\"_ _3\"></span>tiv<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6e y1b96 w931 h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Rise<span class=\"_ _0\"></span>rva n<span class=\"_ _3\"></span>egativa<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa6f y1b96 w932 h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Riserva pos<span class=\"_ _1\"></span>itiva<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa70 y1b96 w933 h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Rise<span class=\"_ _0\"></span>rva<span class=\"_ _1\"></span> nega<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b97 w934 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc1 sc0 ls0 ws0\">2.<span class=\"_ _17\"> </span>Titoli<span class=\"_ _1\"></span> di capit<span class=\"_ _3\"></span>ale<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa71 y1b97 w935 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc1 sc0 ls0 ws0\">92<span class=\"_ _0\"></span>.148<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa72 y1b97 w936 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.180<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td class=\"c n x1a9 y1b98 w937 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc1 sc0 ls0 ws0\">3.<span class=\"_ _17\"> </span>Fina<span class=\"_ _1\"></span>nziam<span class=\"_ _1\"></span>ent<span class=\"_ _3\"></span>i<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa73 y1b98 w938 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa74 y1b98 w939 h340\"><div class=\"t m1c x17f h14c y1ae6 ff2 fs7b fc3 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c n xa75 y16d8 w92d h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa76 y16d8 w93a h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">92.<span class=\"_ _0\"></span>148<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xa77 y16d8 w93b h3a0\"><div class=\"t m1c x17f h14b y1b93 ff3 fs7b fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>80<span class=\"_ _4a1\"> </span></div></td><td></td></tr></table>Nella <span class=\"_ _f\"></span>tabella <span class=\"_ _6\"></span>sopra <span class=\"_ _f\"> </span>esposta, <span class=\"_ _6\"></span>la <span class=\"_ _6\"></span>voce <span class=\"_ _f\"> </span>\u201c2. <span class=\"_ _f\"> </span>T<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>toli <span class=\"_ _6\"></span>di <span class=\"_ _f\"> </span>ca<span class=\"_ _1\"></span>pitale\u201d <span class=\"_ _6\"></span>ac<span class=\"_ _0\"></span>coglie <span class=\"_ _f\"></span>la <span class=\"_ _5\"></span>vari<span class=\"_ _0\"></span>az<span class=\"_ _1\"></span>ione <span class=\"_ _f\"></span>del <span class=\"_ _5\"></span>f<span class=\"_ _0\"></span>air <span class=\"_ _5\"></span>v<span class=\"_ _0\"></span>alue <span class=\"_ _6\"></span>a<span class=\"_ _0\"></span>l <span class=\"_ _6\"></span>31 dicembre 2024 dei tit<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>li az<span class=\"_ _1\"></span>ionari BMPS a<span class=\"_ _1\"></span>cquisiti dalla S<span class=\"_ _1\"></span>ociet\u00e0. 4.1.2.3 <span class=\"_ _5\"></span>Riserve <span class=\"_ _6\"></span>da <span class=\"_ _5\"></span>valutazione <span class=\"_ _6\"></span>delle <span class=\"_ _5\"></span>attivit\u00e0 <span class=\"_ _6\"></span>finanziar<span class=\"_ _3\"></span>ie <span class=\"_ _6\"></span>valutate <span class=\"_ _6\"></span>al <span class=\"_ _6\"></span>fair <span class=\"_ _5\"></span>value <span class=\"_ _6\"></span>con <span class=\"_ _5\"></span>impatto <span class=\"_ _6\"></span>sulla <span class=\"_ _5\"></span>redditivit\u00e0 complessiva: variazioni an<span class=\"_ _1\"></span>nue <table class=\"s w93c h3d1\" id=\"_e8345395-d352-45d4-aa24-13a82ee0b992\"><tr><td></td><td class=\"t m2d xa78 h14e y1b99 ff3 fs7c fc1 sc0 ls0 ws0\">Titoli<span class=\"_ _3\"></span> di <span class=\"_ _1\"></span>c<span class=\"_ _0\"></span>ap<span class=\"_ _3\"></span>itale<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1b69 w93d h342\"><div class=\"t m2d x17f h14e y1b9a ff3 fs7c fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>. Esistenz<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> ini<span class=\"_ _3\"></span>zi<span class=\"_ _1\"></span>al<span class=\"_ _1\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa79 y1b69 w93e h342\"><div class=\"t m2d x17f h14e y1b9a ff3 fs7c fc1 sc0 ls0 ws0\">1<span class=\"_ _0\"></span>3.<span class=\"_ _0\"></span>180<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b9b w93f h34b\"><div class=\"t m2d x17f h14f y1ae9 ff2 fs7c fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> V<span class=\"_ _0\"></span>ariaz<span class=\"_ _3\"></span>ioni pos<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7a y1b9b w940 h34b\"><div class=\"t m2d x17f h14f y1ae9 ff2 fs7c fc1 sc0 ls0 ws0\">78.9<span class=\"_ _0\"></span>68<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xa7b y1b9d w941 h3bb\"><div class=\"t m2d x17f h14f y1b9c ff5 fs7c fc1 sc0 ls0 ws0\">2.1<span class=\"_ _0\"></span>  In<span class=\"_ _0\"></span>cremen<span class=\"_ _0\"></span>ti di<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>fair v<span class=\"_ _0\"></span>alue<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7c y1b9d w942 h3bb\"><div class=\"t m2d x17f h14f y1b9c ff5 fs7c fc1 sc0 ls0 ws0\">78<span class=\"_ _0\"></span>.96<span class=\"_ _0\"></span>8<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1b9e w943 h34c\"><div class=\"t m2d x17f h14f y1ae9 ff2 fs7c fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span> V<span class=\"_ _0\"></span>ariaz<span class=\"_ _3\"></span>ioni negat<span class=\"_ _3\"></span>ive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7d y1b9e w944 h34c\"><div class=\"t m2d x17f h14f y1ae9 ff2 fs7c fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xa7b y1b9f w945 h3a0\"><div class=\"t m2d x17f h14f y1b9c ff5 fs7c fc1 sc0 ls0 ws0\">3.1<span class=\"_ _0\"></span> Rid<span class=\"_ _0\"></span>u<span class=\"_ _3\"></span>z<span class=\"_ _0\"></span>ioni<span class=\"_ _0\"></span> di fair v<span class=\"_ _0\"></span>alue<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7e y1b9f w944 h3a0\"><div class=\"t m2d x17f h14f y1b9c ff5 fs7c fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w946 h340\"><div class=\"t m2d x17f h14e y1ba0 ff3 fs7c fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>. Rima<span class=\"_ _3\"></span>nenz<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>fin<span class=\"_ _3\"></span>ali<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xa7f y16d8 w947 h340\"><div class=\"t m2d x17f h14e y1ba0 ff3 fs7c fc1 sc0 ls0 ws0\">92<span class=\"_ _0\"></span>.1<span class=\"_ _0\"></span>48</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-470": {
   "value": "S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 6<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>raz<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>n <span class=\"_ _0\"></span>Pa<span class=\"_ _0\"></span>rti<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate<span class=\"_ _b\"></span> 6.1 Informazioni su<span class=\"_ _1\"></span>i compensi de<span class=\"_ _1\"></span>i dirigenti con <span class=\"_ _1\"></span>responsabilit\u00e0 st<span class=\"_ _1\"></span>rategica La <span class=\"_ _15\"> </span>tabella <span class=\"_ _15\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>segue <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>ipo<span class=\"_ _1\"></span>rta <span class=\"_ _15\"> </span>l\u2019<span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntare <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>compensi <span class=\"_ _15\"> </span>dell\u2019esercizio <span class=\"_ _1f\"> </span>maturati <span class=\"_ _15\"> </span>dagli <span class=\"_ _1f\"> </span>O<span class=\"_ _0\"></span>rgan<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>di Amministrazione e C<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntrollo e <span class=\"_ _1\"></span>dai Dirigenti <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on resp<span class=\"_ _1\"></span>onsabilit\u00e0 strategiche<span class=\"_ _4a1\"> </span><div class=\"gs547\"><table class=\"s w96d h3d3\" id=\"_286d4ef2-0ff3-4ffb-a932-70368a43a6ac\"><tr><td></td><td></td><td class=\"t m18 xa9e h152 y1bb7 ff3 fs7e fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sigl<span class=\"_ _3\"></span>io di<span class=\"_ _3\"></span> </td><td class=\"t m18 xa9f h152 y1bb8 ff3 fs7e fc1 sc0 ls0 ws0\">Diri<span class=\"_ _3\"></span>genti con </td><td></td></tr><tr><td></td><td class=\"t m18 xaa0 h152 y1bb9 ff3 fs7e fc1 sc0 ls0 ws0\">Col<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>egio<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Sind<span class=\"_ _3\"></span>aca<span class=\"_ _1\"></span>le<span class=\"_ _4a1\"> </span></td><td class=\"t m18 xaa1 h152 y1bba ff3 fs7e fc1 sc0 ls0 ws0\">Ammini<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>tra<span class=\"_ _1\"></span>zi<span class=\"_ _4a1\"> </span></td><td class=\"t m18 xaa2 h152 y1bb9 ff3 fs7e fc1 sc0 ls0 ws0\">respon<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>. </td><td class=\"t m18 xaa3 h152 y1bb9 ff3 fs7e fc1 sc0 ls0 ws0\">To<span class=\"_ _1\"></span>tale a<span class=\"_ _1\"></span>l 3<span class=\"_ _0\"></span>1.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></td></tr><tr><td></td><td></td><td class=\"t m18 xaa4 h152 y1bbb ff3 fs7e fc1 sc0 ls0 ws0\">on<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> -  </td><td class=\"t m18 xaa5 h152 y1bbc ff3 fs7e fc1 sc0 ls0 ws0\">Strategica </td><td></td></tr><tr><td></td><td></td><td class=\"t m18 xaa6 h152 y1bbd ff3 fs7e fc1 sc0 ls0 ws0\">Comi<span class=\"_ _1\"></span>tati<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1bbe w96e h344\"><div class=\"t m18 x17f h152 y1947 ff2 fs7e fc1 sc0 ls0 ws0\">Bene<span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span> brev<span class=\"_ _3\"></span>e term<span class=\"_ _3\"></span>ine<span class=\"_ _1\"></span> (<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaa7 y1bbe w96f h344\"><div class=\"t m18 x17f h152 y1947 ff2 fs7e fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaa8 y1bbe w970 h344\"><div class=\"t m18 x17f h152 y1947 ff2 fs7e fc1 sc0 ls0 ws0\">5.20<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaa9 y1bbe w971 h344\"><div class=\"t m18 x17f h152 y1947 ff2 fs7e fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>.14<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaaa y1bbe w972 h340\"><div class=\"t m18 x17f h152 y1947 ff3 fs7e fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>.8<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17f3 w973 h344\"><div class=\"t m18 x17f h152 y1947 ff2 fs7e fc1 sc0 ls0 ws0\">Bene<span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>succ<span class=\"_ _3\"></span>ess<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vi al rappo<span class=\"_ _1\"></span>rto di l<span class=\"_ _1\"></span>avoro (2)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n xaab y17f3 w974 h344\"><div class=\"t m18 x17f h152 y1947 ff2 fs7e fc1 sc0 ls0 ws0\">356<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaac y17f3 w975 h340\"><div class=\"t m18 x17f h152 y1947 ff3 fs7e fc1 sc0 ls0 ws0\">356<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m18 xa68 h153 y1bbf ff2 fs7e fc1 sc0 ls0 ws0\">Altri be<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>fici a l<span class=\"_ _1\"></span>ungo te<span class=\"_ _3\"></span>rmine<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 xa68 h153 y1bc0 ff2 fs7e fc1 sc0 ls0 ws0\">Ind<span class=\"_ _1\"></span>enni<span class=\"_ _1\"></span>t\u00e0 pe<span class=\"_ _1\"></span>r la ce<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>sazione<span class=\"_ _3\"></span> del rappo<span class=\"_ _1\"></span>rto di<span class=\"_ _3\"></span> l<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>voro </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16e7 w976 h344\"><div class=\"t m18 x17f h152 y1947 ff2 fs7e fc1 sc0 ls0 ws0\">Pag<span class=\"_ _1\"></span>ame<span class=\"_ _3\"></span>nti in az<span class=\"_ _3\"></span>ioni (3<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n xaad y16e7 w977 h344\"><div class=\"t m18 x17f h152 y1947 ff2 fs7e fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.553<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaae y16e7 w978 h340\"><div class=\"t m18 x17f h152 y1947 ff3 fs7e fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.5<span class=\"_ _0\"></span>53<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w979 h340\"><div class=\"t m18 x17f h152 y1947 ff3 fs7e fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaaf y16d8 w96f h340\"><div class=\"t m18 x17f h152 y1947 ff3 fs7e fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xab0 y16d8 w972 h340\"><div class=\"t m18 x17f h152 y1947 ff3 fs7e fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xab1 y16d8 w97a h340\"><div class=\"t m18 x17f h152 y1947 ff3 fs7e fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>53<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xab2 y16d8 w97a h340\"><div class=\"t m18 x17f h152 y1947 ff3 fs7e fc1 sc0 ls0 ws0\">23<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>732<span class=\"_ _4a1\"> </span></div></td></tr></table></div>1) <span class=\"_ _0\"></span>Include i<span class=\"_ _1\"></span> com<span class=\"_ _0\"></span>pensi fissi e variabili, i contributi per <span class=\"_ _0\"></span>oneri sociali a car<span class=\"_ _0\"></span>ico del Gruppo e i benefici <span class=\"_ _0\"></span>in natura. (2) <span class=\"_ _0\"></span>Include l<span class=\"_ _1\"></span>a c<span class=\"_ _0\"></span>ontribuz<span class=\"_ _1\"></span>ione azi<span class=\"_ _0\"></span>end<span class=\"_ _1\"></span>ale <span class=\"_ _0\"></span>al fondo pensione e l\u2019acc<span class=\"_ _0\"></span>antonamento al TF<span class=\"_ _0\"></span>R nelle<span class=\"_ _1\"></span> misure <span class=\"_ _0\"></span>previste dai regolame<span class=\"_ _0\"></span>nti aziendali e dalla l<span class=\"_ _0\"></span>egge. (3) <span class=\"_ _0\"></span>Il valore esposto \u00e8 riferito alla par<span class=\"_ _0\"></span>te variabile della retribuzione a<span class=\"_ _0\"></span> lungo termine di competen<span class=\"_ _0\"></span>za dell\u2019esercizio derivante dal<span class=\"_ _0\"></span>la partecipazione dei Dir<span class=\"_ _0\"></span>igenti con<span class=\"_ _0\"></span> responsabilit\u00e0 <span class=\"_ _0\"></span>Stra<span class=\"_ _0\"></span>tegiche <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>piani <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>LTIP<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>quantificati <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ome<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>definito <span class=\"_ _0\"></span>nelle <span class=\"_ _0\"></span>\u201cPa<span class=\"_ _0\"></span>rte<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span> Po<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>tiche <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ontabili <span class=\"_ _0\"></span>- <span class=\"_ _0\"></span>A2 <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>rte <span class=\"_ _0\"></span>relativa <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ll<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>principali <span class=\"_ _0\"></span>voci <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>bilancio <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>Altre informazioni \u2013 Long Term<span class=\"_ _0\"></span> Incentive Plan (\u201c<span class=\"_ _0\"></span>LTIP\u201d)\u201d<span class=\"_ _0\"></span> del Bil<span class=\"_ _1\"></span>ancio Consolidato al 31<span class=\"_ _0\"></span> dicembre 2024<span class=\"_ _4a1\"> </span><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs946\">Alla dat<span class=\"_ _1\"></span>a di <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iferimento <span class=\"_ _3\"></span>del prese<span class=\"_ _1\"></span>nte Bilanci<span class=\"_ _1\"></span>o consol<span class=\"_ _1\"></span>idato non s<span class=\"_ _3\"></span>ono state <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ilas<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iate <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>aranz<span class=\"_ _1\"></span>ie a <span class=\"_ _3\"></span>favore di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs947\">Amministratori, Sin<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>aci e Di<span class=\"_ _1\"></span>rigenti Strategi<span class=\"_ _1\"></span>ci.<span class=\"_ _4a1\"> </span></div><div class=\"t m1 h8 ff3 fs2 fc1 sc0 ls0 ws0 gs9a5\">6.2 Informazioni su<span class=\"_ _1\"></span>lle transazioni co<span class=\"_ _1\"></span>n Parti Corr<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>late<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9a6\">La <span class=\"_ _0\"></span>Societ\u00e0, <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>rispetto d<span class=\"_ _0\"></span>ella norm<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>rife<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imento, <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>dotata di <span class=\"_ _b\"></span>Pro<span class=\"_ _1\"></span>cedura <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>Operazioni <span class=\"_ _0\"></span>con </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9a7\">Parti <span class=\"_ _18\"> </span>Correlate <span class=\"_ _17\"> </span>(l<span class=\"_ _0\"></span>a <span class=\"_ _17\"> </span>\u201cProcedura\u201d) <span class=\"_ _18\"> </span>dispo<span class=\"_ _1\"></span>nibile <span class=\"_ _18\"> </span>sul <span class=\"_ _18\"> </span>sito <span class=\"_ _18\"> </span>internet <span class=\"_ _17\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>Anima <span class=\"_ _18\"> </span>Holding <span class=\"_ _18\"> </span>all\u2019indirizzo<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9a8\">www.animaholdin<span class=\"_ _1\"></span>g.it <span class=\"_ _0\"></span>sez<span class=\"_ _3\"></span>ione Investor Relatio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>s \u2013 <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>orporate <span class=\"_ _1\"></span>Governance.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9a9\">Nel cors<span class=\"_ _1\"></span>o dell\u2019eser<span class=\"_ _1\"></span>cizio in esa<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>e, <span class=\"_ _1\"></span>il G<span class=\"_ _1\"></span>ruppo <span class=\"_ _1\"></span>ha intrat<span class=\"_ _1\"></span>tenuto rapp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rti, re<span class=\"_ _1\"></span>golati da <span class=\"_ _3\"></span>term<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ni e <span class=\"_ _1\"></span>condizioni i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9aa\">linea con <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>cato, con <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>soggetti ide<span class=\"_ _1\"></span>ntificati <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>alle <span class=\"_ _1\"></span>procedure <span class=\"_ _3\"></span>da essa <span class=\"_ _3\"></span>approvata che assi<span class=\"_ _3\"></span>curano </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9ab\">la trasparenza e la <span class=\"_ _1\"></span>correttezza sosta<span class=\"_ _1\"></span>nziale e proced<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>rale delle <span class=\"_ _1\"></span>operazioni con Part<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> Correlate.<span class=\"_ _3\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9ac\">Con <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferimento <span class=\"_ _b\"></span>al <span class=\"_ _0\"></span>comma <span class=\"_ _b\"></span>8 <span class=\"_ _0\"></span>dell\u2019art. <span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Regolamento<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Consob <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ateria<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>\u2019i<span class=\"_ _1\"></span>nformazione <span class=\"_ _b\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iodi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9ad\">sulle <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _1\"></span>razioni <span class=\"_ _f\"> </span>con <span class=\"_ _6\"></span>Parti <span class=\"_ _6\"></span>Correlate <span class=\"_ _f\"> </span>si <span class=\"_ _6\"></span>ev<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>denzia <span class=\"_ _6\"></span>che, <span class=\"_ _f\"> </span>nel <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ors<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>dell\u2019eser<span class=\"_ _1\"></span>cizio <span class=\"_ _f\"> </span>2024, <span class=\"_ _6\"></span>non <span class=\"_ _f\"> </span>so<span class=\"_ _1\"></span>no <span class=\"_ _f\"> </span>state </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9ae\">effettuate <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>perazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>quali<span class=\"_ _1\"></span>ficabili <span class=\"_ _b\"></span>come <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>\u201cminore <span class=\"_ _0\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>anza\u201d <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>non<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sono <span class=\"_ _b\"></span>state <span class=\"_ _b\"></span>effettuate <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>perazi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>i </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9af\">atipiche ed inus<span class=\"_ _1\"></span>uali.  </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9b0\">Si <span class=\"_ _0\"></span>informa <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>predetta <span class=\"_ _0\"></span>ac<span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>uisizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>n\u00b0 <span class=\"_ _0\"></span>37.790.691 <span class=\"_ _0\"></span>azioni o<span class=\"_ _0\"></span>rdina<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ie B<span class=\"_ _0\"></span>MPS<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>dal <span class=\"_ _0\"></span>MEF, <span class=\"_ _0\"></span>avve<span class=\"_ _1\"></span>nuta <span class=\"_ _0\"></span>in </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9b1\">data <span class=\"_ _c\"> </span>1<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>novemb<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>2024, <span class=\"_ _c\"> </span>\u00e8 <span class=\"_ _16\"> </span>stata <span class=\"_ _16\"> </span>q<span class=\"_ _1\"></span>ualificata <span class=\"_ _c\"> </span>come <span class=\"_ _c\"> </span>\u201coperazione <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>maggi<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>rilevanza\u201d <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>on <span class=\"_ _c\"> </span>Parti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9b2\">Correlate, <span class=\"_ _1\"></span>poic<span class=\"_ _1\"></span>h\u00e9 i<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>ovalore <span class=\"_ _1\"></span>dell\u2019operaz<span class=\"_ _1\"></span>ione \u00e8<span class=\"_ _3\"></span> s<span class=\"_ _1\"></span>tato supe<span class=\"_ _3\"></span>riore al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>soglia <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>rilevanza p<span class=\"_ _3\"></span>revista <span class=\"_ _1\"></span>dalla </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9b3\">Procedura. I<span class=\"_ _3\"></span>nfatti il<span class=\"_ _1\"></span> M<span class=\"_ _1\"></span>EF, <span class=\"_ _1\"></span>controparte <span class=\"_ _3\"></span>venditrice <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll\u2019operazione <span class=\"_ _3\"></span>B<span class=\"_ _0\"></span>MPS<span class=\"_ _1\"></span>, \u00e8 <span class=\"_ _3\"></span>parte <span class=\"_ _3\"></span>correlata de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>Societ\u00e0 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9b4\">in <span class=\"_ _0\"></span>quanto <span class=\"_ _0\"></span>cont<span class=\"_ _1\"></span>rolla <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>diretta<span class=\"_ _1\"></span>mente <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>indirettame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>(per <span class=\"_ _0\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>tramite d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>assa<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Depositi <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Prestiti<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>S.p.A.)<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9b5\">Poste  Ita<span class=\"_ _1\"></span>liane,  t<span class=\"_ _1\"></span>itolare  a<span class=\"_ _1\"></span>lla  data <span class=\"_ _f\"> </span>dell\u2019operaz<span class=\"_ _1\"></span>ione  d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>u<span class=\"_ _0\"></span>na <span class=\"_ _f\"> </span>partecipazio<span class=\"_ _1\"></span>ne  pari <span class=\"_ _f\"> </span>all\u201911,95% <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l  capitale<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9b6\">sociale <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>Anima <span class=\"_ _c\"> </span>Holding <span class=\"_ _c\"> </span>(per <span class=\"_ _c\"> </span>maggiori <span class=\"_ _c\"> </span>dettagli <span class=\"_ _c\"> </span>si <span class=\"_ _c\"> </span>rinv<span class=\"_ _0\"></span>ia <span class=\"_ _211\"> </span>al <span class=\"_ _c\"> </span>\u201cDocumento <span class=\"_ _c\"> </span>informativo <span class=\"_ _211\"> </span>relativo <span class=\"_ _c\"> </span>ad </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9b7\">operazioni <span class=\"_ _1b\"> </span>di <span class=\"_ _1b\"> </span>m<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giore <span class=\"_ _1b\"> </span>rilevanza <span class=\"_ _1b\"> </span>con <span class=\"_ _1b\"> </span>Parti <span class=\"_ _1b\"> </span>Corr<span class=\"_ _0\"></span>elate <span class=\"_ _1b\"> </span>tra <span class=\"_ _1b\"> </span>Anima <span class=\"_ _1b\"> </span>Holding <span class=\"_ _1b\"> </span>S.p.A. <span class=\"_ _1b\"> </span>e <span class=\"_ _17\"> </span>Mi<span class=\"_ _1\"></span>nistero </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9b8\">dell\u2019Economia e <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> Finanze\u201d pubbli<span class=\"_ _1\"></span>cato il 2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>novembre 2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>4 nella sez<span class=\"_ _1\"></span>ione \u201cC<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>ate <span class=\"_ _3\"></span>governance - </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9b9\">Documenti so<span class=\"_ _1\"></span>cietari\u201d del sito internet <span class=\"_ _1\"></span>istituzionale)<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9ba\">Le transazio<span class=\"_ _1\"></span>ni con Parti<span class=\"_ _3\"></span> Correlate hanno ri<span class=\"_ _1\"></span>guardato pr<span class=\"_ _1\"></span>incipalmente le<span class=\"_ _3\"></span> attivi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> commerciali a s<span class=\"_ _3\"></span>upporto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9bb\">della <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>buzione <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>prodotti <span class=\"_ _3\"></span>gestiti <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>Gruppo, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>deleghe <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _3\"></span>ricevute, <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>rapporti <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>deposito </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9bc\">di cont<span class=\"_ _1\"></span>o corrente/<span class=\"ff5\">time <span class=\"_ _3\"></span>deposit <span class=\"ff2\">e <span class=\"_ _3\"></span>custodia titoli <span class=\"_ _3\"></span>per la <span class=\"_ _1\"></span>gestione della <span class=\"_ _1\"></span>liquidit\u00e0, <span class=\"_ _1\"></span>i se<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>vizi <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>postalizzazione<span class=\"_ _1\"></span> </span></span></div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9bd\">ric<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>i,  i <span class=\"_ _f\"> </span>compensi <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>conosciuti  ai <span class=\"_ _f\"> </span>componenti <span class=\"_ _f\"> </span>del  Consigli<span class=\"_ _1\"></span>o  di <span class=\"_ _f\"> </span>Amministrazione <span class=\"_ _f\"> </span>delle  so<span class=\"_ _1\"></span>ciet\u00e0  del<span class=\"_ _1\"></span> </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsfd\">Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o <span class=\"_ _1f\"> </span>di <span class=\"_ _16\"> </span>emanazio<span class=\"_ _1\"></span>ne <span class=\"_ _1f\"> </span>Banco <span class=\"_ _c\"> </span>BPM, <span class=\"_ _1f\"> </span>Poste <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>FSI<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>oltre <span class=\"_ _16\"> </span>agli <span class=\"_ _16\"> </span>importi <span class=\"_ _16\"> </span>derivanti<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>meccanismi <span class=\"_ _16\"> </span>di </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsfe\">aggiustamento <span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>rezzo <span class=\"_ _0\"></span>riferiti<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>operazioni <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>acquisizione<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>effettuate <span class=\"_ _0\"></span>nel corso <span class=\"_ _0\"></span>del 2<span class=\"_ _0\"></span>017<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>2018 </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gsff\">dal <span class=\"_ _0\"></span>Gruppo <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>gruppo <span class=\"_ _0\"></span>Banco <span class=\"_ _0\"></span>BPM <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>gruppo <span class=\"_ _0\"></span>Poste, <span class=\"_ _0\"></span>cos\u00ec c<span class=\"_ _0\"></span>ome <span class=\"_ _0\"></span>integ<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ati/modi<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>icati <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>quanto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs9be\">sottoscritto <span class=\"_ _211\"> </span>nel <span class=\"_ _211\"> </span>corso <span class=\"_ _211\"> </span>del <span class=\"_ _c\"> </span>2020  (per <span class=\"_ _c\"> </span>maggiori  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ttagli <span class=\"_ _c\"> </span>si <span class=\"_ _211\"> </span>rimanda <span class=\"_ _211\"> </span>al <span class=\"_ _211\"> </span>C<span class=\"_ _0\"></span>apitol<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  X<span class=\"_ _0\"></span>XII <span class=\"_ _211\"> </span>del <span class=\"_ _211\"> </span>Prospetto </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs101\">Informativo <span class=\"_ _1f\"> </span>pubblicat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>data <span class=\"_ _16\"> </span>2<span class=\"_ _0\"></span>3 <span class=\"_ _16\"> </span>mar<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>o <span class=\"_ _1f\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>18 <span class=\"_ _16\"> </span>rel<span class=\"_ _0\"></span>ativ<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>all\u2019aumento <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le <span class=\"_ _16\"> </span>e <span class=\"_ _1f\"> </span>ai <span class=\"_ _1f\"> </span>documenti </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs4e1\">informativi r<span class=\"_ _0\"></span>elativi <span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>operazioni <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>maggiore <span class=\"_ _0\"></span>rile<span class=\"_ _3\"></span>vanza <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>parti correlate <span class=\"_ _0\"></span>pubblicate <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>data 7 <span class=\"_ _b\"></span>ap<span class=\"_ _3\"></span>rile </div><div class=\"t m1 h4 ff2 fs2 fc1 sc0 ls0 ws0 gs103\">2020 e in data 21 ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio 2020, <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ispo<span class=\"_ _1\"></span>nibili sul sito d<span class=\"_ _3\"></span>ella Societ\u00e0). </div><div class=\"gs547\"><table class=\"s w97b h3d4\" id=\"_9a477b91-f612-42e0-bd60-67d76ff870a2\"><tr><td></td><td></td><td class=\"t m37 xab3 h154 y1bc1 ff3 fs7f fc1 sc0 ls0 ws0\">Gru<span class=\"_ _3\"></span>ppo Ban<span class=\"_ _1\"></span>co </td><td class=\"t m37 xab4 h154 y1bc1 ff3 fs7f fc1 sc0 ls0 ws0\">Gru<span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span> Poste </td><td class=\"t m37 xab5 h154 y1bc2 ff3 fs7f fc1 sc0 ls0 ws0\">FSI<span class=\"_ _4a1\"> </span></td><td></td></tr><tr><td class=\"t m37 xab6 h154 y1bc3 ff3 fs7f fc1 sc0 ls0 ws0\">STA<span class=\"_ _0\"></span>TO <span class=\"_ _3\"></span>PAT<span class=\"_ _0\"></span>RIMON<span class=\"_ _0\"></span>IALE<span class=\"_ _4a1\"> </span></td><td></td><td class=\"t m37 xab7 h154 y1bc3 ff3 fs7f fc1 sc0 ls0 ws0\">BPM<span class=\"_ _4a1\"> </span></td><td class=\"t m37 xab8 h154 y1bc3 ff3 fs7f fc1 sc0 ls0 ws0\">Italian<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td><td></td><td class=\"t m37 xab9 h154 y1bc3 ff3 fs7f fc1 sc0 ls0 ws0\">Totali cor<span class=\"_ _3\"></span>rel<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"t m37 xab6 h154 y1bc4 ff3 fs7f fc1 sc0 ls0 ws0\">ATTI<span class=\"_ _0\"></span>VO<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n xaba y1bc6 w97c h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">10<span class=\"_ _211\"> </span>Cassa e<span class=\"_ _1\"></span> disponibi<span class=\"_ _0\"></span>lit\u00e0 li<span class=\"_ _0\"></span>quide<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xabb y1bc6 w97d h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">15<span class=\"_ _3\"></span>.052<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xabc y1bc6 w97e h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xabd y1bc6 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xabe y1bc6 w980 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">15<span class=\"_ _3\"></span>.053<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xaba y1bc7 w981 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">40<span class=\"_ _211\"> </span>Atti<span class=\"_ _0\"></span>vit\u00e0 finanziarie <span class=\"_ _1\"></span>valutate a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> c<span class=\"_ _3\"></span>ost<span class=\"_ _0\"></span>o a<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>izzato<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xabf y1bc7 w982 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">3.44<span class=\"_ _1\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac0 y1bc7 w983 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">7.45<span class=\"_ _3\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac1 y1bc7 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac2 y1bc7 w984 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">10<span class=\"_ _1\"></span>.90<span class=\"_ _3\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n xa85 y1bc8 w985 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">a)<span class=\"_ _3\"></span> per <span class=\"_ _3\"></span>gest<span class=\"_ _0\"></span>ione <span class=\"_ _1\"></span>di patrimoni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac3 y1bc8 w986 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">3.44<span class=\"_ _3\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac4 y1bc8 w982 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">7.26<span class=\"_ _1\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac5 y1bc8 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac6 y1bc8 w987 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">10<span class=\"_ _3\"></span>.715<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n xa85 y1bc9 w988 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">b) <span class=\"_ _3\"></span>al<span class=\"_ _0\"></span>tri c<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>dit<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac7 y1bc9 w989 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac8 y1bc9 w98a h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">18<span class=\"_ _3\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac9 y1bc9 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaca y1bc9 w98b h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">1<span class=\"_ _1\"></span>88<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xacb y18da w98c h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">12<span class=\"_ _3\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xacc y18da w98d h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">Alt<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>att<span class=\"_ _0\"></span>ivit\u00e0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xacd y18da w98e h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">41<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xace y18da w97e h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xacf y18da w98f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad0 y18da w990 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">4<span class=\"_ _3\"></span>1<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n xa85 y1bca w991 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">Totale a<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>tivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad1 y1bca w992 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>8.54<span class=\"_ _3\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad2 y1bca w993 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">7.45<span class=\"_ _1\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad3 y1bca w994 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad4 y1bca w995 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">2<span class=\"_ _1\"></span>5.9<span class=\"_ _1\"></span>97<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m37 xab6 h154 y1bcb ff3 fs7f fc1 sc0 ls0 ws0\">P<span class=\"_ _1\"></span>AS<span class=\"_ _0\"></span>SIV<span class=\"_ _0\"></span>O<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n xaba y1bcc w996 h35d\" colspan=\"2\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">10<span class=\"_ _211\"> </span>Passi<span class=\"_ _0\"></span>vit\u00e0 f<span class=\"_ _1\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>ziarie v<span class=\"_ _3\"></span>al<span class=\"_ _0\"></span>utat<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> al c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sto ammortizzato<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad5 y1bcc w997 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(81.<span class=\"_ _1\"></span>154<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad6 y1bcc w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad7 y1bcc w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad8 y1bcc w998 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(81<span class=\"_ _3\"></span>.154<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n xa85 y1bcd w999 h38b\"><div class=\"t m37 x17f h154 y1a2d ff5 fs7f fc1 sc0 ls0 ws0\">- p<span class=\"_ _1\"></span>er <span class=\"_ _3\"></span>distr<span class=\"_ _3\"></span>ibuzi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>e pro<span class=\"_ _3\"></span>dotti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad9 y1bcd w99a h38b\"><div class=\"t m37 x17f h154 y1a2d ff5 fs7f fc1 sc0 ls0 ws0\">(8<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>154<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xada y1bce w99b h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xadb y1bce w98f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xadc y1bce w99c h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(81<span class=\"_ _3\"></span>.154<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xaba y1bcf w99d h35d\" colspan=\"2\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">80<span class=\"_ _211\"> </span>Alt<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>assivit<span class=\"_ _0\"></span>\u00e0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xadd y1bcf w99e h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(18)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xade y1bcf w99f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(38<span class=\"_ _3\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xadf y1bcf w9a0 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(3<span class=\"_ _3\"></span>8)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae0 y1bcf w9a1 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(4<span class=\"_ _1\"></span>39<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n xa85 y18a5 w9a2 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">Totale p<span class=\"_ _1\"></span>assivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae1 y18a5 w9a3 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(8<span class=\"_ _3\"></span>1.17<span class=\"_ _3\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae2 y18a5 w9a4 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(3<span class=\"_ _1\"></span>83<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae3 y18a5 w9a5 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(38<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae4 y18a5 w9a6 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(8<span class=\"_ _3\"></span>1.59<span class=\"_ _3\"></span>3)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m37 xab6 h154 y1bd0 ff3 fs7f fc1 sc0 ls0 ws0\" colspan=\"2\">CONTO <span class=\"_ _1\"></span>EC<span class=\"_ _1\"></span>ONOMICO<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n xaba y1bd1 w9a7 h35d\" colspan=\"2\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">10<span class=\"_ _211\"> </span>Commis<span class=\"_ _0\"></span>sioni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>att<span class=\"_ _0\"></span>ive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae5 y1bd1 w9a8 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">13<span class=\"_ _3\"></span>.012<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae6 y1bd1 w9a9 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">28<span class=\"_ _1\"></span>.661<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae7 y1bd1 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae8 y1bd1 w984 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">41<span class=\"_ _1\"></span>.67<span class=\"_ _3\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xaba y17b7 w9aa h35d\" colspan=\"2\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">20<span class=\"_ _211\"> </span>Commis<span class=\"_ _0\"></span>sioni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>assive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae9 y17b7 w9ab h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(373<span class=\"_ _3\"></span>.317<span class=\"_ _1\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaea y17b7 w99b h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaeb y17b7 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaec y17b7 w9ac h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(3<span class=\"_ _3\"></span>73.3<span class=\"_ _1\"></span>17<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xaba y1bd2 w9ad h35d\" colspan=\"2\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">50<span class=\"_ _211\"> </span>In<span class=\"_ _0\"></span>ter<span class=\"_ _1\"></span>essi atti<span class=\"_ _0\"></span>v<span class=\"_ _1\"></span>i su de<span class=\"_ _1\"></span>posit<span class=\"_ _0\"></span>i e<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>onti<span class=\"_ _0\"></span> c<span class=\"_ _3\"></span>orre<span class=\"_ _1\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaed y1bd2 w9ae h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">4<span class=\"_ _3\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaee y1bd2 w97e h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaef y1bd2 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf0 y1bd2 w990 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">4<span class=\"_ _3\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1bd3 w9af h35d\" colspan=\"2\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">140<span class=\"_ _3\"></span>a<span class=\"_ _c\"> </span>S<span class=\"_ _0\"></span>pese<span class=\"_ _3\"></span> per <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l per<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>onale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf1 y1bd3 w9b0 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(75<span class=\"_ _1\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf2 y1bd3 w9b1 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(25<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf3 y1bd3 w9b1 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(75<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf4 y1bd3 w9b2 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(1<span class=\"_ _3\"></span>75<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1bd4 w9b3 h35d\" colspan=\"2\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">14<span class=\"_ _3\"></span>0b<span class=\"_ _c\"> </span>Alt<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>sp<span class=\"_ _0\"></span>ese <span class=\"_ _3\"></span>amm<span class=\"_ _0\"></span>inistr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf5 y1bd4 w9b4 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(40<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf6 y1bd4 w9b5 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(2<span class=\"_ _1\"></span>.569<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf7 y1bd4 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf8 y1bd4 w9b6 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(2<span class=\"_ _1\"></span>.60<span class=\"_ _1\"></span>9)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xacb y1bd5 w98c h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">18<span class=\"_ _3\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xacc y1bd5 w9b7 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">Alt<span class=\"_ _0\"></span>ri pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _1\"></span>enti e <span class=\"_ _1\"></span>oner<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> di <span class=\"_ _1\"></span>gestione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf9 y1bd5 w9b8 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">30<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xafa y1bd5 w98c h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">75<span class=\"_ _3\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xafb y1bd5 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xafc y1bd5 w9b9 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">78<span class=\"_ _3\"></span>0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m37 xab6 h154 y1bd6 ff3 fs7f fc1 sc0 ls0 ws0\">TOTALE <span class=\"_ _3\"></span>CONT<span class=\"_ _0\"></span>O <span class=\"_ _3\"></span>ECONO<span class=\"_ _1\"></span>M<span class=\"_ _0\"></span>ICO </td><td></td><td class=\"c n x62a y16d8 w9ba h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(36<span class=\"_ _3\"></span>0.34<span class=\"_ _3\"></span>4)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xafd y16d8 w9bb h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">26.8<span class=\"_ _1\"></span>17<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xafe y16d8 w9a5 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(75<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaff y16d8 w9bc h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>33<span class=\"_ _1\"></span>3.6<span class=\"_ _1\"></span>02<span class=\"_ _3\"></span>)</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-50": {
   "value": "6.1 Informazioni su<span class=\"_ _1\"></span>i compensi de<span class=\"_ _1\"></span>i dirigenti con <span class=\"_ _1\"></span>responsabilit\u00e0 st<span class=\"_ _1\"></span>rategica La <span class=\"_ _15\"> </span>tabella <span class=\"_ _15\"> </span>ch<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _d\"> </span>segue <span class=\"_ _1f\"> </span>r<span class=\"_ _0\"></span>ipo<span class=\"_ _1\"></span>rta <span class=\"_ _15\"> </span>l\u2019<span class=\"_ _0\"></span>am<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _1\"></span>ntare <span class=\"_ _15\"> </span>dei <span class=\"_ _15\"> </span>compensi <span class=\"_ _15\"> </span>dell\u2019esercizio <span class=\"_ _1f\"> </span>maturati <span class=\"_ _15\"> </span>dagli <span class=\"_ _1f\"> </span>O<span class=\"_ _0\"></span>rgan<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _15\"> </span>di Amministrazione e C<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ntrollo e <span class=\"_ _1\"></span>dai Dirigenti <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>on resp<span class=\"_ _1\"></span>onsabilit\u00e0 strategiche<span class=\"_ _4a1\"> </span>.<span class=\"_ _1\"></span> <table class=\"s w96d h3d3\" id=\"_286d4ef2-0ff3-4ffb-a932-70368a43a6ac\"><tr><td></td><td></td><td class=\"t m18 xa9e h152 y1bb7 ff3 fs7e fc1 sc0 ls0 ws0\">C<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>sigl<span class=\"_ _3\"></span>io di<span class=\"_ _3\"></span> </td><td class=\"t m18 xa9f h152 y1bb8 ff3 fs7e fc1 sc0 ls0 ws0\">Diri<span class=\"_ _3\"></span>genti con </td><td></td></tr><tr><td></td><td class=\"t m18 xaa0 h152 y1bb9 ff3 fs7e fc1 sc0 ls0 ws0\">Col<span class=\"_ _1\"></span>l<span class=\"_ _1\"></span>egio<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Sind<span class=\"_ _3\"></span>aca<span class=\"_ _1\"></span>le<span class=\"_ _4a1\"> </span></td><td class=\"t m18 xaa1 h152 y1bba ff3 fs7e fc1 sc0 ls0 ws0\">Ammini<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>tra<span class=\"_ _1\"></span>zi<span class=\"_ _4a1\"> </span></td><td class=\"t m18 xaa2 h152 y1bb9 ff3 fs7e fc1 sc0 ls0 ws0\">respon<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>. </td><td class=\"t m18 xaa3 h152 y1bb9 ff3 fs7e fc1 sc0 ls0 ws0\">To<span class=\"_ _1\"></span>tale a<span class=\"_ _1\"></span>l 3<span class=\"_ _0\"></span>1.1<span class=\"_ _0\"></span>2.2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></td></tr><tr><td></td><td></td><td class=\"t m18 xaa4 h152 y1bbb ff3 fs7e fc1 sc0 ls0 ws0\">on<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span> -  </td><td class=\"t m18 xaa5 h152 y1bbc ff3 fs7e fc1 sc0 ls0 ws0\">Strategica </td><td></td></tr><tr><td></td><td></td><td class=\"t m18 xaa6 h152 y1bbd ff3 fs7e fc1 sc0 ls0 ws0\">Comi<span class=\"_ _1\"></span>tati<span class=\"_ _4a1\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y1bbe w96e h344\"><div class=\"t m18 x17f h152 y1947 ff2 fs7e fc1 sc0 ls0 ws0\">Bene<span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>a<span class=\"_ _1\"></span> brev<span class=\"_ _3\"></span>e term<span class=\"_ _3\"></span>ine<span class=\"_ _1\"></span> (<span class=\"_ _0\"></span>1)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaa7 y1bbe w96f h344\"><div class=\"t m18 x17f h152 y1947 ff2 fs7e fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaa8 y1bbe w970 h344\"><div class=\"t m18 x17f h152 y1947 ff2 fs7e fc1 sc0 ls0 ws0\">5.20<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaa9 y1bbe w971 h344\"><div class=\"t m18 x17f h152 y1947 ff2 fs7e fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>.14<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaaa y1bbe w972 h340\"><div class=\"t m18 x17f h152 y1947 ff3 fs7e fc1 sc0 ls0 ws0\">9<span class=\"_ _0\"></span>.8<span class=\"_ _0\"></span>23<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y17f3 w973 h344\"><div class=\"t m18 x17f h152 y1947 ff2 fs7e fc1 sc0 ls0 ws0\">Bene<span class=\"_ _3\"></span>fi<span class=\"_ _0\"></span>c<span class=\"_ _3\"></span>i <span class=\"_ _0\"></span>succ<span class=\"_ _3\"></span>ess<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>vi al rappo<span class=\"_ _1\"></span>rto di l<span class=\"_ _1\"></span>avoro (2)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n xaab y17f3 w974 h344\"><div class=\"t m18 x17f h152 y1947 ff2 fs7e fc1 sc0 ls0 ws0\">356<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaac y17f3 w975 h340\"><div class=\"t m18 x17f h152 y1947 ff3 fs7e fc1 sc0 ls0 ws0\">356<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m18 xa68 h153 y1bbf ff2 fs7e fc1 sc0 ls0 ws0\">Altri be<span class=\"_ _1\"></span>ne<span class=\"_ _1\"></span>fici a l<span class=\"_ _1\"></span>ungo te<span class=\"_ _3\"></span>rmine<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m18 xa68 h153 y1bc0 ff2 fs7e fc1 sc0 ls0 ws0\">Ind<span class=\"_ _1\"></span>enni<span class=\"_ _1\"></span>t\u00e0 pe<span class=\"_ _1\"></span>r la ce<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>sazione<span class=\"_ _3\"></span> del rappo<span class=\"_ _1\"></span>rto di<span class=\"_ _3\"></span> l<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>voro </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1a9 y16e7 w976 h344\"><div class=\"t m18 x17f h152 y1947 ff2 fs7e fc1 sc0 ls0 ws0\">Pag<span class=\"_ _1\"></span>ame<span class=\"_ _3\"></span>nti in az<span class=\"_ _3\"></span>ioni (3<span class=\"_ _0\"></span>)<span class=\"_ _4a1\"> </span></div></td><td></td><td></td><td class=\"c n xaad y16e7 w977 h344\"><div class=\"t m18 x17f h152 y1947 ff2 fs7e fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.553<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaae y16e7 w978 h340\"><div class=\"t m18 x17f h152 y1947 ff3 fs7e fc1 sc0 ls0 ws0\">13<span class=\"_ _0\"></span>.5<span class=\"_ _0\"></span>53<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 w979 h340\"><div class=\"t m18 x17f h152 y1947 ff3 fs7e fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaaf y16d8 w96f h340\"><div class=\"t m18 x17f h152 y1947 ff3 fs7e fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>75<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xab0 y16d8 w972 h340\"><div class=\"t m18 x17f h152 y1947 ff3 fs7e fc1 sc0 ls0 ws0\">5.<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>4<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xab1 y16d8 w97a h340\"><div class=\"t m18 x17f h152 y1947 ff3 fs7e fc1 sc0 ls0 ws0\">18.<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>53<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xab2 y16d8 w97a h340\"><div class=\"t m18 x17f h152 y1947 ff3 fs7e fc1 sc0 ls0 ws0\">23<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>732<span class=\"_ _4a1\"> </span></div></td></tr></table>1) <span class=\"_ _0\"></span>Include i<span class=\"_ _1\"></span> com<span class=\"_ _0\"></span>pensi fissi e variabili, i contributi per <span class=\"_ _0\"></span>oneri sociali a car<span class=\"_ _0\"></span>ico del Gruppo e i benefici <span class=\"_ _0\"></span>in natura. (2) <span class=\"_ _0\"></span>Include l<span class=\"_ _1\"></span>a c<span class=\"_ _0\"></span>ontribuz<span class=\"_ _1\"></span>ione azi<span class=\"_ _0\"></span>end<span class=\"_ _1\"></span>ale <span class=\"_ _0\"></span>al fondo pensione e l\u2019acc<span class=\"_ _0\"></span>antonamento al TF<span class=\"_ _0\"></span>R nelle<span class=\"_ _1\"></span> misure <span class=\"_ _0\"></span>previste dai regolame<span class=\"_ _0\"></span>nti aziendali e dalla l<span class=\"_ _0\"></span>egge. (3) <span class=\"_ _0\"></span>Il valore esposto \u00e8 riferito alla par<span class=\"_ _0\"></span>te variabile della retribuzione a<span class=\"_ _0\"></span> lungo termine di competen<span class=\"_ _0\"></span>za dell\u2019esercizio derivante dal<span class=\"_ _0\"></span>la partecipazione dei Dir<span class=\"_ _0\"></span>igenti con<span class=\"_ _0\"></span> responsabilit\u00e0 <span class=\"_ _0\"></span>Stra<span class=\"_ _0\"></span>tegiche <span class=\"_ _0\"></span>ai <span class=\"_ _0\"></span>piani <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>LTIP<span class=\"_ _0\"></span>, <span class=\"_ _0\"></span>quantificati <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ome<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>definito <span class=\"_ _0\"></span>nelle <span class=\"_ _0\"></span>\u201cPa<span class=\"_ _0\"></span>rte<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>A<span class=\"_ _0\"></span> Po<span class=\"_ _0\"></span>li<span class=\"_ _1\"></span>tiche <span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ontabili <span class=\"_ _0\"></span>- <span class=\"_ _0\"></span>A2 <span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>a<span class=\"_ _1\"></span>rte <span class=\"_ _0\"></span>relativa <span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ll<span class=\"_ _1\"></span>e <span class=\"_ _0\"></span>principali <span class=\"_ _0\"></span>voci <span class=\"_ _b\"></span>di <span class=\"_ _0\"></span>bilancio <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>Altre informazioni \u2013 Long Term<span class=\"_ _0\"></span> Incentive Plan (\u201c<span class=\"_ _0\"></span>LTIP\u201d)\u201d<span class=\"_ _0\"></span> del Bil<span class=\"_ _1\"></span>ancio Consolidato al 31<span class=\"_ _0\"></span> dicembre 2024<span class=\"_ _4a1\"> </span>. Alla dat<span class=\"_ _1\"></span>a di <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iferimento <span class=\"_ _3\"></span>del prese<span class=\"_ _1\"></span>nte Bilanci<span class=\"_ _1\"></span>o consol<span class=\"_ _1\"></span>idato non s<span class=\"_ _3\"></span>ono state <span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ilas<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>iate <span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>aranz<span class=\"_ _1\"></span>ie a <span class=\"_ _3\"></span>favore di Amministratori, Sin<span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>aci e Di<span class=\"_ _1\"></span>rigenti Strategi<span class=\"_ _1\"></span>ci.<span class=\"_ _4a1\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-51": {
   "value": "6.2 Informazioni su<span class=\"_ _1\"></span>lle transazioni co<span class=\"_ _1\"></span>n Parti Corr<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>late<span class=\"_ _3\"></span> La <span class=\"_ _0\"></span>Societ\u00e0, <span class=\"_ _0\"></span>nel <span class=\"_ _0\"></span>rispetto d<span class=\"_ _0\"></span>ella norm<span class=\"_ _0\"></span>ati<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>a <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>rife<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>imento, <span class=\"_ _0\"></span>si <span class=\"_ _0\"></span>\u00e8 <span class=\"_ _0\"></span>dotata di <span class=\"_ _b\"></span>Pro<span class=\"_ _1\"></span>cedura <span class=\"_ _0\"></span>per <span class=\"_ _0\"></span>le <span class=\"_ _0\"></span>Operazioni <span class=\"_ _0\"></span>con Parti <span class=\"_ _18\"> </span>Correlate <span class=\"_ _17\"> </span>(l<span class=\"_ _0\"></span>a <span class=\"_ _17\"> </span>\u201cProcedura\u201d) <span class=\"_ _18\"> </span>dispo<span class=\"_ _1\"></span>nibile <span class=\"_ _18\"> </span>sul <span class=\"_ _18\"> </span>sito <span class=\"_ _18\"> </span>internet <span class=\"_ _17\"> </span>di<span class=\"_ _0\"></span> <span class=\"_ _17\"> </span>Anima <span class=\"_ _18\"> </span>Holding <span class=\"_ _18\"> </span>all\u2019indirizzo<span class=\"_ _3\"></span> www.animaholdin<span class=\"_ _1\"></span>g.it <span class=\"_ _0\"></span>sez<span class=\"_ _3\"></span>ione Investor Relatio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>s \u2013 <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>orporate <span class=\"_ _1\"></span>Governance.<span class=\"_ _3\"></span> Nel cors<span class=\"_ _1\"></span>o dell\u2019eser<span class=\"_ _1\"></span>cizio in esa<span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>e, <span class=\"_ _1\"></span>il G<span class=\"_ _1\"></span>ruppo <span class=\"_ _1\"></span>ha intrat<span class=\"_ _1\"></span>tenuto rapp<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>rti, re<span class=\"_ _1\"></span>golati da <span class=\"_ _3\"></span>term<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ni e <span class=\"_ _1\"></span>condizioni i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span> linea con <span class=\"_ _3\"></span>qu<span class=\"_ _0\"></span>el<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>i <span class=\"_ _1\"></span>di <span class=\"_ _3\"></span>m<span class=\"_ _0\"></span>er<span class=\"_ _1\"></span>cato, con <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>soggetti ide<span class=\"_ _1\"></span>ntificati <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>alle <span class=\"_ _1\"></span>procedure <span class=\"_ _3\"></span>da essa <span class=\"_ _3\"></span>approvata che assi<span class=\"_ _3\"></span>curano la trasparenza e la <span class=\"_ _1\"></span>correttezza sosta<span class=\"_ _1\"></span>nziale e proced<span class=\"_ _3\"></span>u<span class=\"_ _0\"></span>rale delle <span class=\"_ _1\"></span>operazioni con Part<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> Correlate.<span class=\"_ _3\"></span> Con <span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ferimento <span class=\"_ _b\"></span>al <span class=\"_ _0\"></span>comma <span class=\"_ _b\"></span>8 <span class=\"_ _0\"></span>dell\u2019art. <span class=\"_ _0\"></span>5 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>el <span class=\"_ _0\"></span>Regolamento<span class=\"_ _1\"></span> <span class=\"_ _b\"></span>Consob <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ateria<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>\u2019i<span class=\"_ _1\"></span>nformazione <span class=\"_ _b\"></span>pe<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>iodi<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>a sulle <span class=\"_ _6\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _1\"></span>razioni <span class=\"_ _f\"> </span>con <span class=\"_ _6\"></span>Parti <span class=\"_ _6\"></span>Correlate <span class=\"_ _f\"> </span>si <span class=\"_ _6\"></span>ev<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>denzia <span class=\"_ _6\"></span>che, <span class=\"_ _f\"> </span>nel <span class=\"_ _5\"></span>c<span class=\"_ _0\"></span>ors<span class=\"_ _1\"></span>o <span class=\"_ _f\"> </span>dell\u2019eser<span class=\"_ _1\"></span>cizio <span class=\"_ _f\"> </span>2024, <span class=\"_ _6\"></span>non <span class=\"_ _f\"> </span>so<span class=\"_ _1\"></span>no <span class=\"_ _f\"> </span>state effettuate <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>perazio<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>i <span class=\"_ _b\"></span>quali<span class=\"_ _1\"></span>ficabili <span class=\"_ _b\"></span>come <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>\u201cminore <span class=\"_ _0\"></span>ril<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>anza\u201d <span class=\"_ _0\"></span>e <span class=\"_ _b\"></span>non<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>sono <span class=\"_ _b\"></span>state <span class=\"_ _b\"></span>effettuate <span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>perazi<span class=\"_ _3\"></span>on<span class=\"_ _0\"></span>i atipiche ed inus<span class=\"_ _1\"></span>uali.  Si <span class=\"_ _0\"></span>informa <span class=\"_ _0\"></span>che <span class=\"_ _0\"></span>la <span class=\"_ _0\"></span>predetta <span class=\"_ _0\"></span>ac<span class=\"_ _3\"></span>q<span class=\"_ _0\"></span>uisizi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>n\u00b0 <span class=\"_ _0\"></span>37.790.691 <span class=\"_ _0\"></span>azioni o<span class=\"_ _0\"></span>rdina<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ie B<span class=\"_ _0\"></span>MPS<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>dal <span class=\"_ _0\"></span>MEF, <span class=\"_ _0\"></span>avve<span class=\"_ _1\"></span>nuta <span class=\"_ _0\"></span>in data <span class=\"_ _c\"> </span>1<span class=\"_ _0\"></span>3<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>novemb<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e <span class=\"_ _c\"> </span>2024, <span class=\"_ _c\"> </span>\u00e8 <span class=\"_ _16\"> </span>stata <span class=\"_ _16\"> </span>q<span class=\"_ _1\"></span>ualificata <span class=\"_ _c\"> </span>come <span class=\"_ _c\"> </span>\u201coperazione <span class=\"_ _c\"> </span>di <span class=\"_ _16\"> </span>maggi<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> <span class=\"_ _16\"> </span>rilevanza\u201d <span class=\"_ _211\"> </span>c<span class=\"_ _0\"></span>on <span class=\"_ _c\"> </span>Parti Correlate, <span class=\"_ _1\"></span>poic<span class=\"_ _1\"></span>h\u00e9 i<span class=\"_ _1\"></span>l <span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _1\"></span>ovalore <span class=\"_ _1\"></span>dell\u2019operaz<span class=\"_ _1\"></span>ione \u00e8<span class=\"_ _3\"></span> s<span class=\"_ _1\"></span>tato supe<span class=\"_ _3\"></span>riore al<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>a <span class=\"_ _3\"></span>soglia <span class=\"_ _3\"></span>di <span class=\"_ _1\"></span>rilevanza p<span class=\"_ _3\"></span>revista <span class=\"_ _1\"></span>dalla Procedura. I<span class=\"_ _3\"></span>nfatti il<span class=\"_ _1\"></span> M<span class=\"_ _1\"></span>EF, <span class=\"_ _1\"></span>controparte <span class=\"_ _3\"></span>venditrice <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ll\u2019operazione <span class=\"_ _3\"></span>B<span class=\"_ _0\"></span>MPS<span class=\"_ _1\"></span>, \u00e8 <span class=\"_ _3\"></span>parte <span class=\"_ _3\"></span>correlata de<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>la <span class=\"_ _3\"></span>Societ\u00e0 in <span class=\"_ _0\"></span>quanto <span class=\"_ _0\"></span>cont<span class=\"_ _1\"></span>rolla <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>diretta<span class=\"_ _1\"></span>mente <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>indirettame<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>te <span class=\"_ _0\"></span>(per <span class=\"_ _0\"></span>il<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>tramite d<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>assa<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>Depositi <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>Prestiti<span class=\"_ _3\"></span> <span class=\"_ _b\"></span>S.p.A.)<span class=\"_ _1\"></span> Poste  Ita<span class=\"_ _1\"></span>liane,  t<span class=\"_ _1\"></span>itolare  a<span class=\"_ _1\"></span>lla  data <span class=\"_ _f\"> </span>dell\u2019operaz<span class=\"_ _1\"></span>ione  d<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> <span class=\"_ _f\"> </span>u<span class=\"_ _0\"></span>na <span class=\"_ _f\"> </span>partecipazio<span class=\"_ _1\"></span>ne  pari <span class=\"_ _f\"> </span>all\u201911,95% <span class=\"_ _f\"> </span>d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>l  capitale<span class=\"_ _1\"></span> sociale <span class=\"_ _c\"> </span>di <span class=\"_ _c\"> </span>Anima <span class=\"_ _c\"> </span>Holding <span class=\"_ _c\"> </span>(per <span class=\"_ _c\"> </span>maggiori <span class=\"_ _c\"> </span>dettagli <span class=\"_ _c\"> </span>si <span class=\"_ _c\"> </span>rinv<span class=\"_ _0\"></span>ia <span class=\"_ _211\"> </span>al <span class=\"_ _c\"> </span>\u201cDocumento <span class=\"_ _c\"> </span>informativo <span class=\"_ _211\"> </span>relativo <span class=\"_ _c\"> </span>ad operazioni <span class=\"_ _1b\"> </span>di <span class=\"_ _1b\"> </span>m<span class=\"_ _0\"></span>ag<span class=\"_ _1\"></span>giore <span class=\"_ _1b\"> </span>rilevanza <span class=\"_ _1b\"> </span>con <span class=\"_ _1b\"> </span>Parti <span class=\"_ _1b\"> </span>Corr<span class=\"_ _0\"></span>elate <span class=\"_ _1b\"> </span>tra <span class=\"_ _1b\"> </span>Anima <span class=\"_ _1b\"> </span>Holding <span class=\"_ _1b\"> </span>S.p.A. <span class=\"_ _1b\"> </span>e <span class=\"_ _17\"> </span>Mi<span class=\"_ _1\"></span>nistero dell\u2019Economia e <span class=\"_ _3\"></span>dell<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> Finanze\u201d pubbli<span class=\"_ _1\"></span>cato il 2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span> <span class=\"_ _1\"></span>novembre 2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _1\"></span>4 nella sez<span class=\"_ _1\"></span>ione \u201cC<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>or<span class=\"_ _0\"></span>ate <span class=\"_ _3\"></span>governance - Documenti so<span class=\"_ _1\"></span>cietari\u201d del sito internet <span class=\"_ _1\"></span>istituzionale)<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span> Le transazio<span class=\"_ _1\"></span>ni con Parti<span class=\"_ _3\"></span> Correlate hanno ri<span class=\"_ _1\"></span>guardato pr<span class=\"_ _1\"></span>incipalmente le<span class=\"_ _3\"></span> attivi<span class=\"_ _0\"></span>t\u00e0<span class=\"_ _3\"></span> commerciali a s<span class=\"_ _3\"></span>upporto della <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span>st<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>buzione <span class=\"_ _3\"></span>dei <span class=\"_ _3\"></span>prodotti <span class=\"_ _3\"></span>gestiti <span class=\"_ _3\"></span>dal <span class=\"_ _3\"></span>Gruppo, <span class=\"_ _3\"></span>le <span class=\"_ _3\"></span>deleghe <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>i <span class=\"_ _8\"></span>g<span class=\"_ _0\"></span>esti<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>ne <span class=\"_ _3\"></span>ricevute, <span class=\"_ _3\"></span>i <span class=\"_ _3\"></span>rapporti <span class=\"_ _3\"></span>di <span class=\"_ _3\"></span>deposito di cont<span class=\"_ _1\"></span>o corrente/<span class=\"ff5\">time <span class=\"_ _3\"></span>deposit <span class=\"ff2\">e <span class=\"_ _3\"></span>custodia titoli <span class=\"_ _3\"></span>per la <span class=\"_ _1\"></span>gestione della <span class=\"_ _1\"></span>liquidit\u00e0, <span class=\"_ _1\"></span>i se<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>vizi <span class=\"_ _3\"></span>di<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>postalizzazione<span class=\"_ _1\"></span> </span></span>ric<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>ut<span class=\"_ _1\"></span>i,  i <span class=\"_ _f\"> </span>compensi <span class=\"_ _f\"> </span>r<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>conosciuti  ai <span class=\"_ _f\"> </span>componenti <span class=\"_ _f\"> </span>del  Consigli<span class=\"_ _1\"></span>o  di <span class=\"_ _f\"> </span>Amministrazione <span class=\"_ _f\"> </span>delle  so<span class=\"_ _1\"></span>ciet\u00e0  del<span class=\"_ _1\"></span> Gru<span class=\"_ _0\"></span>pp<span class=\"_ _3\"></span>o <span class=\"_ _1f\"> </span>di <span class=\"_ _16\"> </span>emanazio<span class=\"_ _1\"></span>ne <span class=\"_ _1f\"> </span>Banco <span class=\"_ _c\"> </span>BPM, <span class=\"_ _1f\"> </span>Poste <span class=\"_ _16\"> </span>e <span class=\"_ _16\"> </span>FSI<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>oltre <span class=\"_ _16\"> </span>agli <span class=\"_ _16\"> </span>importi <span class=\"_ _16\"> </span>derivanti<span class=\"_ _1\"></span> <span class=\"_ _16\"> </span>d<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span> <span class=\"_ _1f\"> </span>meccanismi <span class=\"_ _16\"> </span>di aggiustamento <span class=\"_ _0\"></span>p<span class=\"_ _1\"></span>rezzo <span class=\"_ _0\"></span>riferiti<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>alle <span class=\"_ _0\"></span>operazioni <span class=\"_ _0\"></span>d<span class=\"_ _1\"></span>i <span class=\"_ _0\"></span>acquisizione<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>effettuate <span class=\"_ _0\"></span>nel corso <span class=\"_ _0\"></span>del 2<span class=\"_ _0\"></span>017<span class=\"_ _1\"></span> <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>del <span class=\"_ _0\"></span>2018 dal <span class=\"_ _0\"></span>Gruppo <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>gruppo <span class=\"_ _0\"></span>Banco <span class=\"_ _0\"></span>BPM <span class=\"_ _0\"></span>e <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>il <span class=\"_ _0\"></span>gruppo <span class=\"_ _0\"></span>Poste, <span class=\"_ _0\"></span>cos\u00ec c<span class=\"_ _0\"></span>ome <span class=\"_ _0\"></span>integ<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>ati/modi<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>icati <span class=\"_ _0\"></span>da <span class=\"_ _0\"></span>quanto sottoscritto <span class=\"_ _211\"> </span>nel <span class=\"_ _211\"> </span>corso <span class=\"_ _211\"> </span>del <span class=\"_ _c\"> </span>2020  (per <span class=\"_ _c\"> </span>maggiori  d<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>ttagli <span class=\"_ _c\"> </span>si <span class=\"_ _211\"> </span>rimanda <span class=\"_ _211\"> </span>al <span class=\"_ _211\"> </span>C<span class=\"_ _0\"></span>apitol<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>  X<span class=\"_ _0\"></span>XII <span class=\"_ _211\"> </span>del <span class=\"_ _211\"> </span>Prospetto Informativo <span class=\"_ _1f\"> </span>pubblicat<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>in <span class=\"_ _16\"> </span>data <span class=\"_ _16\"> </span>2<span class=\"_ _0\"></span>3 <span class=\"_ _16\"> </span>mar<span class=\"_ _0\"></span>z<span class=\"_ _3\"></span>o <span class=\"_ _1f\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _1\"></span>18 <span class=\"_ _16\"> </span>rel<span class=\"_ _0\"></span>ativ<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span> <span class=\"_ _16\"> </span>all\u2019aumento <span class=\"_ _16\"> </span>di <span class=\"_ _16\"> </span>c<span class=\"_ _0\"></span>apita<span class=\"_ _1\"></span>le <span class=\"_ _16\"> </span>e <span class=\"_ _1f\"> </span>ai <span class=\"_ _1f\"> </span>documenti informativi r<span class=\"_ _0\"></span>elativi <span class=\"_ _0\"></span>ad<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>operazioni <span class=\"_ _0\"></span>di <span class=\"_ _0\"></span>maggiore <span class=\"_ _0\"></span>rile<span class=\"_ _3\"></span>vanza <span class=\"_ _0\"></span>con <span class=\"_ _0\"></span>parti correlate <span class=\"_ _0\"></span>pubblicate <span class=\"_ _0\"></span>in <span class=\"_ _0\"></span>data 7 <span class=\"_ _b\"></span>ap<span class=\"_ _3\"></span>rile 2020 e in data 21 ma<span class=\"_ _3\"></span>g<span class=\"_ _0\"></span>gio 2020, <span class=\"_ _3\"></span>d<span class=\"_ _0\"></span>ispo<span class=\"_ _1\"></span>nibili sul sito d<span class=\"_ _3\"></span>ella Societ\u00e0). <table class=\"s w97b h3d4\" id=\"_9a477b91-f612-42e0-bd60-67d76ff870a2\"><tr><td></td><td></td><td class=\"t m37 xab3 h154 y1bc1 ff3 fs7f fc1 sc0 ls0 ws0\">Gru<span class=\"_ _3\"></span>ppo Ban<span class=\"_ _1\"></span>co </td><td class=\"t m37 xab4 h154 y1bc1 ff3 fs7f fc1 sc0 ls0 ws0\">Gru<span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>po<span class=\"_ _3\"></span> Poste </td><td class=\"t m37 xab5 h154 y1bc2 ff3 fs7f fc1 sc0 ls0 ws0\">FSI<span class=\"_ _4a1\"> </span></td><td></td></tr><tr><td class=\"t m37 xab6 h154 y1bc3 ff3 fs7f fc1 sc0 ls0 ws0\">STA<span class=\"_ _0\"></span>TO <span class=\"_ _3\"></span>PAT<span class=\"_ _0\"></span>RIMON<span class=\"_ _0\"></span>IALE<span class=\"_ _4a1\"> </span></td><td></td><td class=\"t m37 xab7 h154 y1bc3 ff3 fs7f fc1 sc0 ls0 ws0\">BPM<span class=\"_ _4a1\"> </span></td><td class=\"t m37 xab8 h154 y1bc3 ff3 fs7f fc1 sc0 ls0 ws0\">Italian<span class=\"_ _3\"></span>e<span class=\"_ _4a1\"> </span></td><td></td><td class=\"t m37 xab9 h154 y1bc3 ff3 fs7f fc1 sc0 ls0 ws0\">Totali cor<span class=\"_ _3\"></span>rel<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>te<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"t m37 xab6 h154 y1bc4 ff3 fs7f fc1 sc0 ls0 ws0\">ATTI<span class=\"_ _0\"></span>VO<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n xaba y1bc6 w97c h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">10<span class=\"_ _211\"> </span>Cassa e<span class=\"_ _1\"></span> disponibi<span class=\"_ _0\"></span>lit\u00e0 li<span class=\"_ _0\"></span>quide<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xabb y1bc6 w97d h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">15<span class=\"_ _3\"></span>.052<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xabc y1bc6 w97e h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">2<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xabd y1bc6 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xabe y1bc6 w980 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">15<span class=\"_ _3\"></span>.053<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xaba y1bc7 w981 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">40<span class=\"_ _211\"> </span>Atti<span class=\"_ _0\"></span>vit\u00e0 finanziarie <span class=\"_ _1\"></span>valutate a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> c<span class=\"_ _3\"></span>ost<span class=\"_ _0\"></span>o a<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>izzato<span class=\"_ _4a1\"> </span></div></td><td></td><td class=\"c n xabf y1bc7 w982 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">3.44<span class=\"_ _1\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac0 y1bc7 w983 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">7.45<span class=\"_ _3\"></span>5<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac1 y1bc7 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac2 y1bc7 w984 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">10<span class=\"_ _1\"></span>.90<span class=\"_ _3\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n xa85 y1bc8 w985 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">a)<span class=\"_ _3\"></span> per <span class=\"_ _3\"></span>gest<span class=\"_ _0\"></span>ione <span class=\"_ _1\"></span>di patrimoni<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac3 y1bc8 w986 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">3.44<span class=\"_ _3\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac4 y1bc8 w982 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">7.26<span class=\"_ _1\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac5 y1bc8 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac6 y1bc8 w987 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">10<span class=\"_ _3\"></span>.715<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n xa85 y1bc9 w988 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">b) <span class=\"_ _3\"></span>al<span class=\"_ _0\"></span>tri c<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>dit<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac7 y1bc9 w989 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac8 y1bc9 w98a h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">18<span class=\"_ _3\"></span>8<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xac9 y1bc9 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaca y1bc9 w98b h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">1<span class=\"_ _1\"></span>88<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xacb y18da w98c h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">12<span class=\"_ _3\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xacc y18da w98d h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">Alt<span class=\"_ _0\"></span>re <span class=\"_ _3\"></span>att<span class=\"_ _0\"></span>ivit\u00e0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xacd y18da w98e h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">41<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xace y18da w97e h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xacf y18da w98f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad0 y18da w990 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">4<span class=\"_ _3\"></span>1<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n xa85 y1bca w991 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">Totale a<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>tivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad1 y1bca w992 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">1<span class=\"_ _3\"></span>8.54<span class=\"_ _3\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad2 y1bca w993 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">7.45<span class=\"_ _1\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad3 y1bca w994 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad4 y1bca w995 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">2<span class=\"_ _1\"></span>5.9<span class=\"_ _1\"></span>97<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m37 xab6 h154 y1bcb ff3 fs7f fc1 sc0 ls0 ws0\">P<span class=\"_ _1\"></span>AS<span class=\"_ _0\"></span>SIV<span class=\"_ _0\"></span>O<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n xaba y1bcc w996 h35d\" colspan=\"2\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">10<span class=\"_ _211\"> </span>Passi<span class=\"_ _0\"></span>vit\u00e0 f<span class=\"_ _1\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _1\"></span>ziarie v<span class=\"_ _3\"></span>al<span class=\"_ _0\"></span>utat<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> al c<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>sto ammortizzato<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad5 y1bcc w997 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(81.<span class=\"_ _1\"></span>154<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad6 y1bcc w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad7 y1bcc w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad8 y1bcc w998 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(81<span class=\"_ _3\"></span>.154<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n xa85 y1bcd w999 h38b\"><div class=\"t m37 x17f h154 y1a2d ff5 fs7f fc1 sc0 ls0 ws0\">- p<span class=\"_ _1\"></span>er <span class=\"_ _3\"></span>distr<span class=\"_ _3\"></span>ibuzi<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _3\"></span>e pro<span class=\"_ _3\"></span>dotti<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xad9 y1bcd w99a h38b\"><div class=\"t m37 x17f h154 y1a2d ff5 fs7f fc1 sc0 ls0 ws0\">(8<span class=\"_ _1\"></span>1.<span class=\"_ _1\"></span>154<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xada y1bce w99b h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xadb y1bce w98f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xadc y1bce w99c h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(81<span class=\"_ _3\"></span>.154<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xaba y1bcf w99d h35d\" colspan=\"2\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">80<span class=\"_ _211\"> </span>Alt<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>assivit<span class=\"_ _0\"></span>\u00e0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xadd y1bcf w99e h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(18)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xade y1bcf w99f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(38<span class=\"_ _3\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xadf y1bcf w9a0 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(3<span class=\"_ _3\"></span>8)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae0 y1bcf w9a1 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(4<span class=\"_ _1\"></span>39<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td></td><td class=\"c n xa85 y18a5 w9a2 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">Totale p<span class=\"_ _1\"></span>assivo<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae1 y18a5 w9a3 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(8<span class=\"_ _3\"></span>1.17<span class=\"_ _3\"></span>3)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae2 y18a5 w9a4 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(3<span class=\"_ _1\"></span>83<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae3 y18a5 w9a5 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(38<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae4 y18a5 w9a6 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(8<span class=\"_ _3\"></span>1.59<span class=\"_ _3\"></span>3)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m37 xab6 h154 y1bd0 ff3 fs7f fc1 sc0 ls0 ws0\" colspan=\"2\">CONTO <span class=\"_ _1\"></span>EC<span class=\"_ _1\"></span>ONOMICO<span class=\"_ _4a1\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n xaba y1bd1 w9a7 h35d\" colspan=\"2\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">10<span class=\"_ _211\"> </span>Commis<span class=\"_ _0\"></span>sioni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>att<span class=\"_ _0\"></span>ive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae5 y1bd1 w9a8 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">13<span class=\"_ _3\"></span>.012<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae6 y1bd1 w9a9 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">28<span class=\"_ _1\"></span>.661<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae7 y1bd1 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae8 y1bd1 w984 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">41<span class=\"_ _1\"></span>.67<span class=\"_ _3\"></span>3<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xaba y17b7 w9aa h35d\" colspan=\"2\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">20<span class=\"_ _211\"> </span>Commis<span class=\"_ _0\"></span>sioni<span class=\"_ _0\"></span> <span class=\"_ _3\"></span>p<span class=\"_ _0\"></span>assive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xae9 y17b7 w9ab h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(373<span class=\"_ _3\"></span>.317<span class=\"_ _1\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaea y17b7 w99b h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaeb y17b7 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaec y17b7 w9ac h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(3<span class=\"_ _3\"></span>73.3<span class=\"_ _1\"></span>17<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xaba y1bd2 w9ad h35d\" colspan=\"2\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">50<span class=\"_ _211\"> </span>In<span class=\"_ _0\"></span>ter<span class=\"_ _1\"></span>essi atti<span class=\"_ _0\"></span>v<span class=\"_ _1\"></span>i su de<span class=\"_ _1\"></span>posit<span class=\"_ _0\"></span>i e<span class=\"_ _1\"></span> c<span class=\"_ _1\"></span>onti<span class=\"_ _0\"></span> c<span class=\"_ _3\"></span>orre<span class=\"_ _1\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaed y1bd2 w9ae h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">4<span class=\"_ _3\"></span>7<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaee y1bd2 w97e h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaef y1bd2 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf0 y1bd2 w990 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">4<span class=\"_ _3\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1bd3 w9af h35d\" colspan=\"2\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">140<span class=\"_ _3\"></span>a<span class=\"_ _c\"> </span>S<span class=\"_ _0\"></span>pese<span class=\"_ _3\"></span> per <span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l per<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span>onale<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf1 y1bd3 w9b0 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(75<span class=\"_ _1\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf2 y1bd3 w9b1 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(25<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf3 y1bd3 w9b1 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(75<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf4 y1bd3 w9b2 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(1<span class=\"_ _3\"></span>75<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1bd4 w9b3 h35d\" colspan=\"2\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">14<span class=\"_ _3\"></span>0b<span class=\"_ _c\"> </span>Alt<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>e <span class=\"_ _3\"></span>sp<span class=\"_ _0\"></span>ese <span class=\"_ _3\"></span>amm<span class=\"_ _0\"></span>inistr<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ive<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf5 y1bd4 w9b4 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(40<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf6 y1bd4 w9b5 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">(2<span class=\"_ _1\"></span>.569<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf7 y1bd4 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf8 y1bd4 w9b6 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(2<span class=\"_ _1\"></span>.60<span class=\"_ _1\"></span>9)<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n xacb y1bd5 w98c h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">18<span class=\"_ _3\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xacc y1bd5 w9b7 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">Alt<span class=\"_ _0\"></span>ri pr<span class=\"_ _3\"></span>o<span class=\"_ _0\"></span>v<span class=\"_ _1\"></span>enti e <span class=\"_ _1\"></span>oner<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span> di <span class=\"_ _1\"></span>gestione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaf9 y1bd5 w9b8 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">30<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xafa y1bd5 w98c h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">75<span class=\"_ _3\"></span>0<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xafb y1bd5 w97f h35d\"><div class=\"t m37 x17f h154 y1bc5 ff2 fs7f fc1 sc0 ls0 ws0\">-<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xafc y1bd5 w9b9 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">78<span class=\"_ _3\"></span>0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"t m37 xab6 h154 y1bd6 ff3 fs7f fc1 sc0 ls0 ws0\">TOTALE <span class=\"_ _3\"></span>CONT<span class=\"_ _0\"></span>O <span class=\"_ _3\"></span>ECONO<span class=\"_ _1\"></span>M<span class=\"_ _0\"></span>ICO </td><td></td><td class=\"c n x62a y16d8 w9ba h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(36<span class=\"_ _3\"></span>0.34<span class=\"_ _3\"></span>4)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xafd y16d8 w9bb h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">26.8<span class=\"_ _1\"></span>17<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xafe y16d8 w9a5 h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(75<span class=\"_ _3\"></span>)<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xaff y16d8 w9bc h35d\"><div class=\"t m37 x17f h154 y1bc5 ff3 fs7f fc1 sc0 ls0 ws0\">(<span class=\"_ _3\"></span>33<span class=\"_ _1\"></span>3.6<span class=\"_ _1\"></span>02<span class=\"_ _3\"></span>)</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTransactionsWithRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-52": {
   "value": "S<span class=\"_ _0\"></span>ez<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> 8<span class=\"_ _0\"></span> <span class=\"_ _0\"></span>\u2013 <span class=\"_ _0\"></span>Al<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span> d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i <span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i Pubblicit\u00e0 <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ei <span class=\"_ _b\"></span>corr<span class=\"_ _1\"></span>ispettivi <span class=\"_ _b\"></span>di <span class=\"_ _b\"></span>revisione <span class=\"_ _b\"></span>contab<span class=\"_ _1\"></span>ile <span class=\"_ _b\"></span>e <span class=\"_ _b\"></span>dei <span class=\"_ _b\"></span>servizi <span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>iversi <span class=\"_ _0\"></span>dalla <span class=\"_ _b\"></span>revisione <span class=\"_ _b\"></span>ai <span class=\"_ _b\"></span>sensi <span class=\"_ _b\"></span>d<span class=\"_ _0\"></span>ell\u2019art. <span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _1\"></span>9 duodecies del Reg<span class=\"_ _1\"></span>olamento Consob <span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>\u00b0 1<span class=\"_ _1\"></span>1971/99 e successive modi<span class=\"_ _3\"></span>f<span class=\"_ _0\"></span>iche<span class=\"_ _3\"></span> <span class=\"_ _0\"></span>ed int<span class=\"_ _1\"></span>egrazioni<span class=\"_ _1\"></span> <table class=\"s wa92 h3e1\" id=\"_6376c4bd-edaa-4c1c-b2a9-ce1953c1431d\"><tr><td></td><td class=\"t m28 xc03 h165 y1c5a ff3 fs86 fc1 sc0 ls0 ws0\">Deloi<span class=\"_ _1\"></span>tt<span class=\"_ _0\"></span>e &amp; Tou<span class=\"_ _3\"></span>c<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>.p<span class=\"_ _1\"></span>.<span class=\"_ _0\"></span>A.<span class=\"_ _4a1\"> </span></td></tr><tr><td class=\"c n x1a9 y1c5b wa93 h371\"><div class=\"t m28 x17f h166 y18e7 ff2 fs86 fc1 sc0 ls0 ws0\">Revis<span class=\"_ _1\"></span>ione<span class=\"_ _1\"></span> cont<span class=\"_ _1\"></span>ab<span class=\"_ _3\"></span>ile<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xc04 y1c5b wa94 h371\"><div class=\"t m28 x17f h166 y18e7 ff2 fs86 fc1 sc0 ls0 ws0\">25<span class=\"_ _0\"></span>2<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1c5c wa95 h371\"><div class=\"t m28 x17f h166 y18e7 ff2 fs86 fc1 sc0 ls0 ws0\">Altri serv<span class=\"_ _3\"></span>izi di rev<span class=\"_ _3\"></span>is<span class=\"_ _0\"></span>ione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xc05 y1c5c wa96 h371\"><div class=\"t m28 x17f h166 y18e7 ff2 fs86 fc1 sc0 ls0 ws0\">3<span class=\"_ _0\"></span>0<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1c5d wa97 h371\"><div class=\"t m28 x17f h166 y18e7 ff2 fs86 fc1 sc0 ls0 ws0\">Serviz<span class=\"_ _3\"></span>i di att<span class=\"_ _1\"></span>esta<span class=\"_ _3\"></span>zione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xc06 y1c5d wa98 h371\"><div class=\"t m28 x17f h166 y18e7 ff2 fs86 fc1 sc0 ls0 ws0\">11<span class=\"_ _0\"></span>7<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1c5e wa99 h371\"><div class=\"t m28 x17f h166 y18e7 ff2 fs86 fc1 sc0 ls0 ws0\">Revis<span class=\"_ _1\"></span>ione<span class=\"_ _1\"></span> Fondo<span class=\"_ _3\"></span> Pensione<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xc07 y1c5e wa96 h371\"><div class=\"t m28 x17f h166 y18e7 ff2 fs86 fc1 sc0 ls0 ws0\">2<span class=\"_ _0\"></span>1<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1c5f wa9a h371\"><div class=\"t m28 x17f h166 y18e7 ff2 fs86 fc1 sc0 ls0 ws0\">Revis<span class=\"_ _1\"></span>ione<span class=\"_ _1\"></span> OIC<span class=\"_ _0\"></span>R<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xc08 y1c5f wa9b h371\"><div class=\"t m28 x17f h166 y18e7 ff2 fs86 fc1 sc0 ls0 ws0\">2.35<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y1c60 wa9c h371\"><div class=\"t m28 x17f h166 y18e7 ff2 fs86 fc1 sc0 ls0 ws0\">Altrei<span class=\"_ _3\"></span> s<span class=\"_ _0\"></span>e<span class=\"_ _1\"></span>rvizi OICR<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xc09 y1c60 wa96 h371\"><div class=\"t m28 x17f h166 y18e7 ff2 fs86 fc1 sc0 ls0 ws0\">4<span class=\"_ _0\"></span>9<span class=\"_ _4a1\"> </span></div></td></tr><tr><td class=\"c n x1a9 y16d8 wa9d h384\"><div class=\"t m28 x17f h165 y1b75 ff3 fs86 fc1 sc0 ls0 ws0\">Total<span class=\"_ _3\"></span>e dei c<span class=\"_ _0\"></span>ompe<span class=\"_ _1\"></span>nsi<span class=\"_ _4a1\"> </span></div></td><td class=\"c n xc0a y16d8 wa9e h384\"><div class=\"t m28 x17f h165 y1b75 ff3 fs86 fc1 sc0 ls0 ws0\">2.82<span class=\"_ _0\"></span>6<span class=\"_ _4a1\"> </span></div></td></tr></table>Gli impor<span class=\"_ _0\"></span>ti sopra indi<span class=\"_ _0\"></span>cati non com<span class=\"_ _0\"></span>prendono le <span class=\"_ _0\"></span>spese e l\u2019IV<span class=\"_ _0\"></span>A. Si ricorda <span class=\"_ _0\"></span>che gli one<span class=\"_ _0\"></span>ri di revisio<span class=\"_ _0\"></span>ne in relazion<span class=\"_ _0\"></span>e <span class=\"_ _1\"></span>a<span class=\"_ _0\"></span>i rendiconti<span class=\"_ _0\"></span> degli OICR sono<span class=\"_ _0\"></span> a carico <span class=\"_ _0\"></span>dei prodot<span class=\"_ _0\"></span>ti stessi.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:549300T1EREIRH8ICX03",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  }
 }
}